CION, GCM Grosvenor Team on Interval Infra Fund

CION Investments and GCM Grosvenor have teamed up to form the CION Grosvenor Infrastructure Fund (CGIF). The interval fund, which has received approval by U.S. Securities and Exchange Commission, provides individual investors with access to GCM Grosvenor’s institutional private infrastructure platform through financial advisors.

CGIF is set to launch with $300 million in seed capital from an unnamed major institutional investor. This seed portfolio is expected to be accompanied by an additional cash commitment of approximately $80 million. Before distribution, the fund anticipates merging with a seasoned portfolio of $220 million in committed net assets that is broadly diversified and includes the traditional infrastructure sectors of transportation, digital, energy and energy transition, as well as new infrastructure sectors including supply chain and logistics and infrastructure adjacencies.

CION and GCM Grosvenor believe infrastructure is a compelling investment opportunity at the beginning of a multi-decade growth cycle. “Our approach to infrastructure has consistently been about building a well-diversified portfolio, across multiple factors including geography, asset concentration, and sector exposure,” said Michael Sacks, chairman and CEO of GCM Grosvenor.

CION Investments currently sponsors, among other products, CION Investment Corporation, a publicly listed business development company that currently manages approximately $2 billion in assets, and sponsors CION Ares Diversified Credit Fund, a diversified interval fund that currently manages approximately $6 billion in assets.

GCM Grosvenor manages approximately $80 billion in assets across private equity, infrastructure, real estate, credit, and absolute return investment strategies.