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CBRE acquires majority stake in Caledon Capital Management
Toronto firm manages $7B in assets for institutional clients
![Ritson Ferguson](https://static.therealdeal.com/wp-content/uploads/2017/06/Ferguson_Ritson-Ferguson_326x248.jpg)
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.
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.