CION and GCM Grosvenor Launch Infrastructure Fund with $240 Million Commitment

CION Investments and GCM Grosvenor, prominent players in the alternative investment sector, have launched the CION Grosvenor Infrastructure Fund (CGIF) with an initial $240 million investment in a diverse portfolio of 43 infrastructure assets. The fund has been further bolstered by an additional $82 million in committed capital from a major institutional investor. CGIF is structured as an evergreen interval fund providing individual investors alongside their financial advisors with access to infrastructure investments traditionally reserved for institutional players. The fund encompasses investments in foundational sectors like transportation, energy, and emergent digital landscapes. It offers structural liquidity with quarterly access to up to 5% of the Fund's net asset value. GCM Grosvenor, boasting two decades of experience in infrastructure investment and managing $14.8 billion in related assets, couples its managerial prowess with CION's distribution strengths to equip individual investors with opportunities to leverage the illiquidity premium effectively. On the strategic front, CION's Co-CEOs, Michael A. Reisner and Mark Gatto, emphasize the significance of tailored management and structure in accessing private markets, while GCM Grosvenor's CEO Michael Sacks highlights the fund's emphasis on portfolio diversification and risk-reward optimization. Both entities continue to expand their market influence, as GCM Grosvenor leads with varied alternative asset management solutions and CION pioneers innovative investment vehicles tailored for individual investors.