CION Investments and GCM Grosvenor Announce Launch of the CION Grosvenor Infrastructure Fund with $240 Million Invested in Infrastructure Assets
29 January 2025 - 1:15AM
Business Wire
CION Investments (CION), a leading alternative investment
solutions platform, and GCM Grosvenor, (NASDAQ: GCMG), a global
alternative asset management solutions provider, are pleased to
announce the launch of CION Grosvenor Infrastructure Fund, (“CGIF”
or “the Fund”). At launch, the fund will consist of a $240 million
portfolio invested across 43 infrastructure assets, and $82 million
in additional committed capital. The Fund launch was supported by a
major institutional investor.
CGIF is an evergreen interval fund that allows individual
investors, through their financial advisors, access to GCM
Grosvenor’s institutional private infrastructure platform. The Fund
is priced daily and offers liquidity for up to 5% of the Fund’s NAV
once per quarter.
CGIF’s current portfolio is composed entirely of investments
directly into private assets, across traditional infrastructure
sectors, including transportation, digital, energy and energy
transition and new infrastructure sectors such as supply chain and
infrastructure adjacencies.
CGIF combines CION’s product management and distribution
capabilities with the depth and breadth of GCM Grosvenor’s
infrastructure platform, providing individual investors with access
to a diversified pool of private infrastructure assets through a
fee efficient structure.
GCM Grosvenor is one of the pioneers of private infrastructure
investing, with a 20-year track record and $14.8 billion in
infrastructure assets under management. Driven by the deep
connectivity and experience of its infrastructure platform and
team, GCM Grosvenor has developed into a “partner of choice” for
infrastructure market participants. GCM Grosvenor’s robust sourcing
network and unique deal flow allow for flexible entry points into
assets creating a competitive advantage.
Infrastructure can provide capital appreciation and income and
has distinct characteristics that can help construct portfolios
with potential to meet long term goals. These features can include
transparent cash flows, high barriers to entry, inflation
protection potential, low correlations to other private and public
assets, and potential lower volatility.
Michael A. Reisner and Mark Gatto, co-CEOs of CION, said: “Our
firm’s mission has been to provide individual investors, through
their financial advisors, with access to the private markets. We
believe that the right manager and the right structure are critical
for success in the space. GCM Grosvenor is a proven manager,
infrastructure is an attractive asset class, and CGIF’s interval
fund structure matches the needs of individual investors. The Fund
allows investors to seek to take advantage of the illiquidity
premium in a structure that offers ease of execution and low
minimums.”
Michael Sacks, Chairman and Chief Executive Officer of GCM
Grosvenor, said, “GCM Grosvenor’s approach to infrastructure
combines building a well-diversified portfolio, with a focus on
flexibility and alpha generation. Our powerful sourcing network
provides us a broad range of investment opportunities and different
entry points into such opportunities, allowing us to be selective
and only execute on the investments we believe provide the best
risk / reward profile for investors.”
ABOUT CION INVESTMENTS
CION Investments is a leading open-source provider of
alternative investments designed to redefine the way individual
investors can build their portfolios and meet their long-term
investment goals. CION Investments currently sponsors, among other
products, CION Investment Corporation (NYSE: CION), a leading
publicly listed business development company that currently manages
approximately $2 billion in assets, and also sponsors CION Ares
Diversified Credit Fund, a globally diversified interval fund that
currently manages approximately $6.5 billion in assets.
For more information, please visit www.cioninvestments.com.
ABOUT GCM GROSVENOR
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset
management solutions provider with approximately $80 billion in
assets under management across private equity, infrastructure, real
estate, credit, and absolute return investment strategies. The firm
has specialized in alternatives for more than 50 years and is
dedicated to delivering value for clients by leveraging its
cross-asset class and flexible investment platform. GCM Grosvenor’s
experienced team of approximately 550 professionals serves a global
client base of institutional and individual investors. The firm is
headquartered in Chicago, with offices in New York, Toronto,
London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more
information, please visit: gcmgrosvenor.com.
No assurance can be given that any investment will achieve
its objectives or avoid losses. The information is neither an offer
to sell, nor a solicitation of an offer to buy, an interest in any
investment vehicles/accounts managed or advised by GCM
Grosvenor.
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version on businesswire.com: https://www.businesswire.com/news/home/20250128987226/en/
For more information, please contact:
Susan Armstrong Head of Marketing E:
sarmstrong@cioninvestments.com
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