Overview
Caledonia is an SEC-registered investment adviser with its principal place of business in Sydney,
Australia. Caledonia was founded in 1992. Caledonia’s principal owner is Caledonia Holdings Co Pty
Limited. (For purposes of this Brochure, principal owners include those with at least a 25% interest in
Caledonia).
Caledonia provides discretionary investment management services, directly or through its affiliates, to
U.S. and to non-U.S. pooled investment vehicles and single investor funds (“Funds”), as well as to
separately managed account clients (“SMAs”) (the “Funds” and “SMAs” collectively together are, the
“Clients”).
The investment objective of Caledonia is to seek high absolute returns over a long-term horizon by
investing on a long/short basis primarily in corporate equity securities, predominantly listed securities,
and related instruments in global markets. Caledonia manages Client assets generally within a single
long-short global equity strategy in accordance with the terms set forth in the applicable governing
documents, which may include, but is not limited to, the offering memorandum, organizational
documents, private placement memorandum, prospectus, limited partnership agreement, limited liability
company agreement, investment management agreement, and/or subscription agreements (each and
collectively, the “Governing Document”). Caledonia does not tailor advisory services to the individual
needs of Clients. Please refer
to Item 8 of this Brochure for additional information regarding Caledonia’s
methods of analysis and investment strategies, and their associated risks. Prospective investors should
refer to the appropriate Governing Document for important additional information and considerations.
Clients, in limited circumstances per the Governing Document, may impose restrictions on investing in
certain securities.
Caledonia US, LP (“Caledonia US”), an affiliate of Caledonia and an SEC-registered investment
adviser, serves as the investment manager to some of its Clients. Another affiliate of Caledonia,
Caledonia GP, LLC (“Caledonia GP”), serves as the general partner of certain U.S. based Funds.
Caledonia Co-Invest GP, LLC (“Caledonia Co-Inv GP”), also an affiliate of Caledonia, serves as the
general partner of certain Funds registered in the Cayman Islands.
Caledonia US, Caledonia GP and Caledonia Co-Inv GP and their employees and personnel are subject
to the Investment Advisers Act of 1940 (the “Advisers Act”) and rules thereunder, and to all of
Caledonia’s compliance policies and procedures. Each of the personnel of Caledonia US, Caledonia GP
and Caledonia Co-Inv GP are deemed “persons associated with” Caledonia (as that term is defined in
section 202(a)(17) of the Advisers Act) and are subject to SEC examination.
As of June 30, 2023, Caledonia managed Client regulatory assets under management on a discretionary
basis in the amount of U.S. $11.01 billion.