Agreement to Acquire Toronto-Based Unit to be Run by CBRE Global Investors Shows Rising Investor Interest in Infrastructure and Other Alt Investments
CBRE Group, Inc. has actually participated in a conclusive agreement to buy a majority interest in Toronto-based Caledon Capital Management Inc., a financial investment management company specializing in personal facilities and private equity financial investments.
Caledon and its group of 30 individuals will be relabelled CBRE Caledon Capital Management Inc. when the transaction closes later on this year subject to regulatory approval and other closing conditions and will operate as a separate service unit under CBRE Worldwide Investors, the company’s individually run financial investment management subsidiary.
Most of the Caledon’s management team previously worked for Canadian pension that are leaders in facilities and private equity investing, and the group will continue to handle the business and will “preserve crucial long-lasting ownership” in the company, inning accordance with the CBRE statement.
CBRE Global Investors CEO Ritson Ferguson noted the development of financier interest in facilities and other alternative investments, as noted in a story by CoStar last week.
“Financiers are increasing their allocations to alternative financial investments, consisting of genuine properties. Caledon’s market-leading investment services are a sensible extension to our existing suite of property and facilities investment services, boosting our position as an industry leader,” Ferguson stated.
Caledon manages about US $7 billion in assets for institutional investors through a mix of direct financial investments, co-investments, secondaries and primary funds. Caledon will match investment services provided by CBRE Global Investors and CBRE Clarion Securities, its Radnor, PA-based listed equity management arm.