Caledon taps Dowd as a partner

Toronto-based Caledon Capital Management has recruited Stephen Dowd as a partner. Previously, Dowd worked at Ontario Teachers’ Pension Plan where he served as senior vice president.


TORONTO, Nov. 21, 2014 /PRNewswire/ – Caledon Capital Management Inc. (“Caledon”) has strengthened its infrastructure team with the hiring of Stephen Dowd as Partner. Prior to joining Caledon, Mr. Dowd was Senior Vice President at the Ontario Teachers’ Pension Plan where he headed the infrastructure and timberland investment group from 2007 to 2013. Under Mr. Dowd’s tenure, the portfolio grew from $7 billion to over $11 billion in value.

“Infrastructure investing for pension funds and other institutional clients is a key part of Caledon’s business. We are pleased to expand our team with an infrastructure investment professional of Steve’s experience,” said David Rogers, founder of Caledon. “Steve brings with him over 26 years of experience in energy and infrastructure and most recently led direct infrastructure investing at OTPP, which is one of the pre-eminent institutional infrastructure investment programs globally.”

About Caledon Capital Management Inc.
Caledon is an independent Toronto-based advisory and portfolio management firm. Caledon was founded in 2006 by David Rogers, the former head of the private equity group of the Ontario Municipal Employees Retirement System (“OMERS”) pension plan and a member of the Board of Directors of the parent company for OMERS’ direct infrastructure investment arm – Borealis Infrastructure. Caledon has been providing infrastructure and private equity advisory services and separate accounts to institutional investors since 2007.

Caledon’s staff consists of seasoned investment professionals from pre-eminent pension plans, sovereign wealth funds, and other institutional investors in infrastructure and private equity, including the Ontario Municipal Employees’ Retirement System, the Ontario Teachers’ Pension Plan, the Canada Pension Plan Investment Board, the Abu Dhabi Investment Authority, the OPSEU Pension Trust, and Macquarie Capital North America. At these institutions, Caledon’s professionals have been involved in infrastructure transactions totaling over $18 billion. For more information on Caledon, please visit