Moseley Quits StepStone, Had Become an "Unnecessary Distraction"

Stephen Moseley has stepped down as president of private equity consultant The StepStone Group, after being identified in news reports as a player in the New York kickback saga. In his letter of resignation, Moseley said: “I have been assured by the Attorney General of New York that I am not a target of the ongoing industry investigation. However, press reports have raised my name, creating an unfair and unnecessary distraction for all of us." The reports Moseley refers to include a May 3 piece by Pensions & Investments, which claims Moseley was the unidentified Pacific Corporate Group executive named in state indictments against David Logisci and Hank Morris. It reads, in part:

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