{"id":1004180098,"date":"2017-06-12T04:36:05","date_gmt":"2017-06-12T12:36:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004180098"},"modified":"2022-12-04T23:21:51","modified_gmt":"2022-12-05T07:21:51","slug":"cbre-to-buy-majority-stake-in-caledon","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-to-buy-majority-stake-in-caledon\/","title":{"rendered":"CBRE to Buy Majority Stake in Caledon"},"content":{"rendered":"<p>By Scott Baltic, Contributing Editor<\/p>\n<div id=\"attachment_1004180109\" style=\"width: 406px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Ritson-Ferguson.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004180109\" data-attachment-id=\"1004180109\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-to-buy-majority-stake-in-caledon\/ritson-ferguson-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Ritson-Ferguson.jpg\" data-orig-size=\"805,604\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Ritson Ferguson\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Ritson-Ferguson.jpg?w=805\" class=\"wp-image-1004180109 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Ritson-Ferguson.jpg\" alt=\"Ritson Ferguson, CEO of CBRE Global Investors\" width=\"396\" height=\"297\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Ritson-Ferguson.jpg 805w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Ritson-Ferguson.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/Ritson-Ferguson.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 396px) 100vw, 396px\" \/><\/a><p id=\"caption-attachment-1004180109\" class=\"wp-caption-text\">Ritson Ferguson, CEO of CBRE Global Investors<\/p><\/div>\n<p>CBRE Group Inc. has entered into an agreement to acquire a majority interest in Caledon Capital Management Inc., of Toronto, an investment manager specializing in private infrastructure and private equity investments.<\/p>\n<p>Once the transaction is closed, Caledon will be renamed CBRE Caledon Capital Management Inc. and operate as a separate business unit under CBRE\u2019s independently operated investment management subsidiary, CBRE Global Investors.<\/p>\n<p>Prior to the merger, most of Caledon&#8217;s management team previously worked for Canadian pension plans. That team will continue to manage the business \u201c<em>and will maintain significant long-term ownership<\/em>,\u201d according to the announcement. With a staff of 30-some in Toronto, Caledon manages about $7 billion of assets for institutional investors through a combination of direct investments, co-investments, secondaries and primary funds.<\/p>\n<p>Closing is expected to occur later this year, subject to regulatory approval and other customary closing conditions.<\/p>\n<h2>Caledon Capital Insights<\/h2>\n<p>\u201c<em>Investors are increasing their allocations to <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-survey-global-investors-keen-on-17\/\">alternative investments<\/a>, including real assets<\/em>,\u201d said Ritson Ferguson, CEO of CBRE Global Investors. \u201c<em>Caledon\u2019s market-leading investment solutions are a logical extension to our existing suite of real estate and infrastructure investment solutions<\/em>\u2026.\u201d<\/p>\n<p><em>&#8220;Caledon\u2019s infrastructure investments range from solar energy projects to toll roads to energy transmission and distribution systems and are primarily outside Canada<\/em>,&#8221; Caledon COO Dennis Pellarin told <em>Commercial Property Executive<\/em>. \u201c<em>Caledon primarily focuses on core and core-plus assets in OECD countries characterized predominantly by regulated, long-term contracted or demand-driven revenue streams. These assets may be complemented with select higher-returning value-add opportunities<\/em>,\u201d Caledon Founding Partner David Rogers told <em>CPE<\/em>.<\/p>\n<p>\u201c<em>Caledon seeks to diversify its infrastructure investments by investment type (co-investments, minority direct investments and funds, and secondaries), stage of life cycle (pre-construction, construction, growth phase, mature phase), investment strategy (asset vs. platform approach) and governance (passive minority, active minority, joint-control)<\/em>,\u201d he continued.<\/p>\n<p>Caledon\u2019s infrastructure investments over the past two years or so have included a co-investment in a natural-gas transmission and distribution utility in New Zealand, a direct investment in a water and sewerage utility in the United Kingdom, and a co-investment in a gas turbine power plant in Ohio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caledon manages some $7 billion of assets for institutional investors through a combination of direct investments and primary funds. Closing is expected to occur later this year, subject to regulatory approval and other customary closing conditions. <\/p>\n","protected":false},"author":882,"featured_media":1004180109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,21808,16,21742,21747],"tags":[32789,36112],"class_list":["post-1004180098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-featured","category-international","category-latest","category-office","tag-cbre","tag-ritson-ferguson"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBRE to Buy Majority Stake in Caledon - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-to-buy-majority-stake-in-caledon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE to Buy Majority Stake in Caledon\" \/>\n<meta property=\"og:description\" content=\"Caledon manages some $7 billion of assets for institutional investors through a combination of direct investments and primary funds. 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