CBRE acquires majority stake in Caledon Capital Management

Toronto firm manages $7B in assets for institutional clients

Ritson Ferguson
Ritson Ferguson

From TRD Los Angeles: CBRE acquired a majority interest in Toronto-based investment management company Caledon Capital Management, the commercial real estate firm announced Friday.

Caledon, which manages about $7 billion in assets for its predominantly institutional clients and specializes in private infrastructure and private equity investments, will operate as a separate business unit under CBRE Global Investors.

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It will be renamed CBRE Caledon Capital Management.

“Caledon’s market-leading investment solutions are a logical extension to our existing suite of real estate and infrastructure investment solutions,” CBRE Global Investors CEO Ritson Ferguson said in a statement.

The deal is expected to close later this year.