CBRE Group has entered into a definitive agreement to acquire a majority interest in Caledon Capital Management, a Toronto-based investment management business specializing in private infrastructure and private equity investments.
Upon closing, Caledon will be renamed CBRE Caledon Capital Management and will operate as a separate business unit under CBRE’s independently operated investment management subsidiary, CBRE Global Investors.
Caledon’s team of more than 30 people in Toronto manage approximately $7 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.
Closing is expected to occur later this year and is subject to regulatory approval and other customary closing conditions.