CION Investments and GCM Grosvenor Launch $240M Infrastructure Fund
CION Investments, a prominent alternative investment platform, has announced the launch of the CION Grosvenor Infrastructure Fund (CGIF), in partnership with GCM Grosvenor, a global asset management firm. This new fund marks a significant milestone in providing individual investors, through their financial advisors, access to a range of infrastructure assets. At its launch, CGIF boasts a portfolio worth $240 million, encompassing 43 infrastructure assets, with an additional $82 million in committed capital. A major institutional investor has also supported the fund’s creation.
The CION Grosvenor Infrastructure Fund is designed as an evergreen interval fund, meaning it is structured to allow long-term investment while providing liquidity for up to 5% of the Fund’s net asset value (NAV) on a quarterly basis. This structure makes CGIF a suitable vehicle for individual investors looking to diversify their portfolios with infrastructure investments. The fund’s unique combination of CION’s expertise in product management and distribution, along with GCM Grosvenor’s extensive infrastructure platform, provides a compelling opportunity for those seeking to invest in private infrastructure assets in a fee-efficient manner.
The CGIF portfolio comprises investments in private assets across a broad range of traditional infrastructure sectors such as transportation, digital infrastructure, energy, and energy transition. It also includes investments in new infrastructure sectors, including supply chain and adjacent infrastructure sectors that are seeing significant growth. These investments are designed to offer both capital appreciation and income, two primary goals for long-term investors.
CION Investments and GCM Grosvenor bring decades of combined experience to this partnership. GCM Grosvenor, with its 20-year track record and $14.8 billion in infrastructure assets under management, is considered one of the pioneers in private infrastructure investing. The firm has built a reputation as a “partner of choice” for infrastructure market participants, supported by its extensive sourcing network, which gives the firm access to unique and flexible entry points into high-quality infrastructure assets. This allows GCM Grosvenor to selectively choose investments that offer the best potential for return while managing risk.
Infrastructure is increasingly recognized as a valuable asset class due to its ability to deliver stable cash flows, inflation protection, and low correlations to both private and public markets. The sector also offers significant barriers to entry, which help protect investments and reduce volatility. These features make infrastructure an attractive option for investors looking to meet long-term financial goals, whether through capital appreciation or consistent income generation.
Michael A. Reisner and Mark Gatto, co-CEOs of CION, emphasized the strategic importance of this new partnership with GCM Grosvenor. “Our firm’s mission has been to provide individual investors, through their financial advisors, with access to the private markets,” they said. “We believe that the right manager and the right structure are critical for success in this 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 take advantage of the illiquidity premium in a structure that offers ease of execution and low minimums.”
GCM Grosvenor’s Chairman and CEO, Michael Sacks, highlighted the firm’s approach to infrastructure investing, which combines a focus on diversification with a strong emphasis on generating alpha. “Our powerful sourcing network provides us with a broad range of investment opportunities and flexible entry points, allowing us to be selective and only execute on the investments we believe offer the best risk/reward profile for our investors,” Sacks said. This selective approach ensures that the fund’s investments are well-positioned for long-term growth, with a focus on managing both risk and reward.
The CION Grosvenor Infrastructure Fund is poised to serve as an attractive option for individual investors seeking to diversify their portfolios with private infrastructure assets. The fund’s investment strategy aims to capture the growth potential of key infrastructure sectors while providing the liquidity and flexibility necessary for individual investors. The strategic partnership between CION Investments and GCM Grosvenor combines best-in-class infrastructure expertise with a distribution model designed to reach individual investors, making CGIF an accessible option for those looking to invest in this growing sector.
CION Investments, founded with a mission to provide innovative alternative investment solutions, sponsors several investment products, including the publicly listed CION Investment Corporation (NYSE: CION) and the CION Ares Diversified Credit Fund. CION has managed approximately $2 billion in assets across its various offerings and is known for its commitment to rethinking how individual investors can access and benefit from alternative investments.
