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NEW YORK, January 28, 2025--(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."