Carlyle Group on Thursday agreed to pay $20m following a probe by Andrew Cuomo, New York attorney-general, into alleged corruption at the state’s biggest public pension fund. The firm also became the first buyout group to agree to Cuomo’s code of conduct that would ban use of outside agents to solicit public pension funds and prevent asset managers from doing business with such funds for two years after making political donations to officials who could influence them.

This entry was posted by Gwen Robinson on Friday, May 15th, 2009 at 5:10 and is filed under Capital markets, People, Private equity. Tagged with andrew cuomo, carlyle. Edit this entry.