Dealert Deals Pension Funds
Niche · Pension Funds

Recent Pension Funds M&A deals

Specific niche view of the structured sector hierarchy. Useful for precedent work where broader sector slices include too much noise.

Deals in this slice
130
Public & account-only records combined
Year range
2026
Across the visible recent transactions
Shown below
10
Up to 10 recent records, newest first
Account benefit
Full
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Recent transactions

Public snapshots in Pension Funds

Target Buyer / Investor Sector Geo Transaction size EV / EBITDA
Russell Investments B Capital, California Public Employees' Retirement System Pension Funds $2,850M – $3,850M 11× – 14×
Russell Investments California Public Employees’ Retirement System, TA Associates, Reverence Capital Partners Pension Funds $416,000M 11× – 14×
Russell Investments B Capital, CalPERS Pension Funds $2,800M 11× – 14×
Aegon UK workplace / retail Standard Life Pension Funds $140M – $170M 12× – 14×
Gilmour Space Technologies Brighter Super Pension Funds $50.0M 10× – 12×
Sun Life Halifax Port ILA/HEA Pension Plan Pension Funds $420M – $500M 7× – 8×
Achmea Mortgage Funds Achmea Investment Management Pension Funds $0.0M – $5.0M 9× – 11×
Undisclosed manager Equip Super Pension Funds $400M 7× – 8×
Blue Owl Diversified Lending Fund San Diego City Employees’ Retirement System Pension Funds $50.0M 1× – 1×
Ares Pathfinder Fund III Kern County Employees’ Retirement Association Pension Funds $40.0M 8× – 10×
Showing 10 of 130 records in this slice. Create a free account for the full view.
Valuations

Valuation multiples in Pension Funds

Bins are observed deal frequencies across disclosed transactions. Use as a directional reference, not a target valuation.

Mature companies

EV / EBITDA

8.5×
2
9.0×
5
9.5×
2
10.0×
6
10.5×
4
11.0×
1
11.5×
1
12.0×
7
12.5×
3
14.0×
1
16.0×
1
16.5×
1
20.0×
1
Mean
11.42×
Median
10.56×
P25
9.82×
P75
12.33×
P90
13.71×

EV / EBIT

10.0×
1
10.5×
1
11.0×
4
11.5×
1
12.0×
5
12.5×
1
13.0×
3
13.5×
4
14.5×
3
15.0×
5
15.5×
2
16.0×
1
18.5×
1
19.0×
1
21.0×
1
24.0×
1
Mean
14.21×
Median
13.64×
P25
12.12×
P75
15.24×
P90
17.61×

EV / Revenue

1.8×
1
2.0×
6
2.3×
1
2.5×
7
2.8×
5
3.0×
5
3.3×
2
3.5×
2
4.0×
1
4.8×
1
5.0×
2
5.8×
1
7.0×
1
Mean
3.18×
Median
2.84×
P25
2.54×
P75
3.35×
P90
4.95×

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