Levine Leichtman Capital Partners’ Statement Concerning Successful Conclusion Of NYAG Investigation
LOS ANGELES, Calif.--Levine Leichtman Capital Partners is pleased to announce the successful conclusion of its involvement in the investigation by the New York State Attorney General (the “NYAG”) of the US public pension fund industry. We've known all along that our conduct was lawful and ethical and, unlike others involved in this matter, we face no penalty or fine whatsoever.
As the facts of the NYAG investigation came to light, we were concerned that one of our longstanding partners, the NYCRF, was being financially mistreated. As a result, we pursued and recovered from our placement agent the $200,000 fee we paid in connection with NYCRF’s capital commitment to LLCP III, LP. We are pleased to turn over the recovered money to the NYCRF for the benefit of its members.
As always, LLCP will continue to conduct itself consistent with the highest ethical standards.
