# Teledyne Technologies Incorporated Pension Plan

Teledyne Technologies Incorporated Pension Plan is a Pension Fund based in Thousand Oaks, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Thousand Oaks, United States
- **Region:** North America
- **Address:** Thousand Oaks, CA, United States
- **Founded:** 1999
- **Assets under management:** Undisclosed
- **Website:** teledyne.com
- **LinkedIn:** https://www.linkedin.com/company/teledyne-technologies-incorporated

## Regulatory record

- **Reports private funds:** No

## About

Teledyne Technologies Incorporated Pension Plan is the defined-benefit vehicle serving employees and retirees of Teledyne Technologies, the Thousand Oaks-based industrial conglomerate known for decades of serial acquisitions in instrumentation, digital imaging, aerospace electronics, and engineered systems. The plan's administrative committee includes SVP and General Counsel Melanie S. Cibik and VP and Treasurer Stephen F. Blackwood, who manage fiduciary oversight under ERISA while the parent company — led by President and CEO George C. Bobb III and Executive Chairman Robert Mehrabian — determines the corporate context in which the plan operates. Teledyne's employee base skews toward engineers and specialized manufacturing workers, shaping the liability profile the pension must fund. Asset allocation blends two distinct return streams. On the alternatives side, the plan commits to a Hong Kong-based hedge fund via Asia Research & Capital Management and participates in a European real estate vehicle, Italian Real Estate Special Situations II, targeting mixed-use opportunities in Italy. Co-investment or direct property acquisition structures are not confirmed. The plan maintains ties to professional networks including the Alternative Investment Management Association (AIMA), where Teledyne's then-Vice Chairman Simon M. Headquartered in Thousand Oaks, the plan operates without disclosed satellite offices. Adjacent vehicles — such as a retiree health trust or supplementary 401(k) plan — are not publicly detailed, though Teledyne almost certainly sponsors additional benefit structures given its scale as a public company with over 14,000 employees. The pension's structural identity is inseparable from Teledyne's corporate character: a holding company built through decades of disciplined dealmaking. That manufacturing-oriented culture translates into a pension investment approach that prioritizes specialist external managers over large, diversified fund-of-funds, using focused commitments — one manager in Hong Kong, one real estate vehicle in Italy — rather than sprawling alternative portfolios. The plan's governance, led by corporate officers doubling as fiduciaries, embeds pension oversight within the same executive team allocating corporate capital, a configuration that can accelerate decision-making but may surface conflicts between shareholder interests and ERISA obligations.

## Sectors

- Real Estate
- Hedge Funds

## People

- George C. Bobb III — President and CEO, Teledyne Technologies Inc.
- Melanie S. Cibik — SVP, General Counsel, and Secretary; Member, Plan Administrative Committee
- Stephen F. Blackwood — VP and Treasurer; Member, Plan Administrative Committee

## Questions

### What alternative investments does the Teledyne pension hold?

The plan has committed to at least two alternative vehicles: Italian Real Estate Special Situations II, a mixed-use real estate fund focused on Italy, and Asia Research & Capital Management Fund, a Hong Kong-based hedge fund. These are manager-specific, geographically targeted investments rather than broad multi-strategy exposures. The plan's full alternative portfolio composition is not publicly disclosed.

### Does the Teledyne pension invest through fund commitments or direct deals?

Disclosed investments are through fund commitments — one real estate fund and one hedge fund — rather than direct deals. There is no public record of the plan pursuing direct co-investments, separate accounts, or SPVs alongside its third-party managers.

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Last updated: 2026-08-11T02:43:31.692Z

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