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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Contacts
For more information, please contact:
Susan Armstrong
Head of Marketing
E: sarmstrong@cioninvestments.com