LOS ANGELES–CBRE Group, Inc. (NYSE:CBG) announced that it has completed the acquisition of a majority interest in Caledon Capital Management Inc. (Caledon), a Toronto-based investment management business specializing in private infrastructure and private equity investments.
Caledon will now operate as CBRE Caledon Capital Management Inc. (CBRE Caledon), a separate business unit within CBRE’s independently operated investment management subsidiary, CBRE Global Investors. The Caledon management team will continue to manage the business and will maintain significant long-term ownership.
CBRE Caledon manages approximately US$7 billion (over CA$9 billion) of assets for institutional investors through a combination of direct investments, consulting assignments, co-investments, secondary investments and primary fund investments. CBRE Caledon’s private infrastructure and private equity investments complement the suite of investment solutions offered by CBRE Global Investors and its listed equity arm, CBRE Clarion Securities.
“Infrastructure is a strategic component of an allocation to real assets, and we expect client demand for it will continue to increase,” said Ritson Ferguson, CEO of CBRE Global Investors. “The CBRE Caledon team has deep experience and a strong track record investing around the globe, so this acquisition is important in helping us meet our clients’ needs.”
“The powerful CBRE platform will enable us to expand the range of investment solutions we can deliver to investors as we work to continue achieving outstanding performance for clients,” said David Rogers, Founding Partner of CBRE Caledon.