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.

David Rogers, founder of Caledon stated:

"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. 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."

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'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.