UPDATE: A revised version of this profile was published in July 2026.

Caledonia Investments (ticker: CLDN) is a self-managed trust whose story dates back to the 1870s when the Cayzer family set up a shipping business called the Clan Line. Caledonia owned the Clan Line and the Cazyer's other business interests before becoming a dedicated investment vehicle in 1987. It now holds a mixture of quoted equities, large stakes in several private companies, and US/Asian private equity funds. The Cayzer family owns 49% of the trust's shares, which limits buybacks, so the trust often trades on a large d...