New Mexico fund settles with firm over pay-to-play scheme

New Mexico State Investment Council, private equity, pension fund, David Lee,
Sunrise at Overlook Point near Bandelier, New Mexico. Photo courtesy Dean_Fikar/iStock/Getty Images
New Mexico’s State Investment Council on Aug. 28 approved an $800,000 settlement with defunct private equity firm HM Capital Partners over the firm’s use of a finder to secure a $30 million commitment from the state fund, a scheme known ...

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