CION & GCM launch infrastructure fund

CION Investments and GCM Grosvenor have launched the CION Grosvenor Infrastructure Fund.

The new fund will consist of a $240 million portfolio invested across 43 infrastructure assets and allows investors access to GCM Grosvenor’s institutional private infrastructure platform. The portfolio comprises investments in private assets across infrastructure sectors including transportation, digital, energy and energy transition and new infrastructure sectors such as supply chain and infrastructure adjacencies.

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.”

END