CBRE Group, Inc. will be acquiring Caledon Capital Management Inc. (Caledon), a Toronto-based investment management business specializing in private infrastructure and private equity investments.
Upon closing, Caledon will be renamed CBRE Caledon Capital Management Inc. and will operate as a separate business unit under CBRE’s independently operated investment management subsidiary, CBRE Global Investors.
“CBRE’s global reach and resources will improve Caledon’s access to more and larger quality investment opportunities around the world, said David Rogers, founding partner, Caledon. “This will enhance our ability to continue to deliver attractive returns for our clients as infrastructure investing becomes increasingly global.”
The Caledon management team comes with deep and successful experience in infrastructure and private equity investing. Prior to Caledon, most of the management team worked for Canadian pension plans that are leaders in infrastructure and private equity investing. This team will continue to manage the business and will maintain significant long-term ownership.
Caledon’s team of more than 30 people in Toronto manage more than CA$9 billion of assets for institutional investors through a combination of direct investments, co-investments, secondaries and primary funds. The pending addition of Caledon will complement the suite of investment solutions offered by CBRE Global Investors and its listed equity management arm, CBRE Clarion Securities.
“Investors are increasing their allocations to alternative investments, including real assets,” said Ritson Ferguson, CEO, CBRE Global Investors. ”Caledon’s market-leading investment solutions are a logical extension to our existing suite of real estate and infrastructure investment solutions, enhancing our position as an industry leader.”