When the acquisition—the latest of several entity-level deals CBRE has made since 2017 began—was first announced, Caledon founding partner David Rogers observed that “CBRE's global reach and resources will improve Caledon's access to more and larger quality investment opportunities around the world. This will enhance our ability to continue to deliver attractive returns for our clients as infrastructure investing becomes increasingly global.”

LOS ANGELES—CBRE Group Inc. said Wednesday it had completed its acquisition of a majority interest in Caledon Capital Management Inc. The deal for the Toronto-based investment management business, on which terms have not been disclosed, was first announced in early June.

Caledon, which will now operate as CBRE Caledon Capital Management as a separate business unit within CBRE Global Investors, manages more than US$7 billion of assets for institutional investors through a combination of direct investments, co-investments, secondaries and primary funds. Its 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,” says 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.”

Prior to Caledon's formation in 2006, most of the management team previously worked for Canadian pension plans that are leaders in infrastructure and private equity investing, both specialties of Caledon. The existing Caledon team will continue to manage the business and will maintain significant long-term ownership.

When the acquisition—the latest of several entity-level deals CBRE has made since 2017 began—was first announced, Caledon founding partner David Rogers observed that “CBRE's global reach and resources will improve Caledon's access to more and larger quality investment opportunities around the world. This will enhance our ability to continue to deliver attractive returns for our clients as infrastructure investing becomes increasingly global.”