Corporate Moves
Value of Pension-Backed M&A Deals Soars to $13.6B in Q2
Despite seven fewer transactions than one year earlier, total deal value rose 158%.
Despite seven fewer transactions than one year earlier, total deal value rose 158%.
Transactions in Q1 totaled just under $1.3 billion, a fraction of the $15.3 billion worth of deals during the year-ago quarter.
The New York State Common Retirement Fund recorded the largest overallocation among global pension funds at $11.7 billion.
Sponsors invested in deals worth $740 million during the quarter, down from nearly $14 billion in Q1.
CalPERS had the largest under-allocation, missing its target by more than $11.3 billion.