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

New Mexico State Investment Council, Colmore Inc, private equity, pension fund, HM Capital, litigation, law, pay to play
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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