CION Investments and GCM Grosvenor Announce SEC Effectiveness of the CION Grosvenor Infrastructure Fund
13 11월 2024 - 11:15PM
Business Wire
CION Investments (CION), a leading alternative investment
solutions platform, and GCM Grosvenor, (NASDAQ: GCMG), a global
alternative asset management firm, are pleased to announce the CION
Grosvenor Infrastructure Fund (“CGIF” or “the Fund”) has been
declared effective by the SEC. CGIF has an innovative interval fund
structure that allows individual investors, through their financial
advisors, access to GCM Grosvenor’s institutional private
infrastructure platform.
The Fund expects to launch with approximately $300 million of
seed capital sourced from a major institutional investor. Before
commencing 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. This seed portfolio is
expected to be accompanied by an additional cash commitment of
approximately $80 million.
CION and GCM Grosvenor believe infrastructure is a compelling
investment opportunity at the beginning of a multi-decade growth
cycle. Tremendous amounts of public and private investment capital
are necessary for infrastructure to successfully meet the upgrades
and buildouts required to keep pace with global climate,
demographic and technological change. This persistent, high demand
for investment capital creates an attractive long-term environment
for investment opportunities in infrastructure.
For investors, infrastructure can provide capital appreciation
and income and has distinct characteristics that can help them
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 lower potential volatility.
Michael A. Reisner and Mark Gatto, co-CEOs of CION, said:
“Private assets have always been our focus, and we believe that
within private markets, infrastructure is in a particularly strong
position for growth. Infrastructure as an asset class is only a
couple decades old, and GCM Grosvenor was one of the first
institutional managers to see the potential in the opportunity. The
firm has built a strong track record, a differentiated and flexible
sourcing network, and has an approach to investment selection that
focuses on increasing alpha.”
Michael Sacks, Chairman and Chief Executive Officer of GCM
Grosvenor, said, “We believe that the infrastructure space presents
a compelling investment opportunity and that GCM Grosvenor’s
platform is uniquely positioned to deliver solutions for investors.
Our approach to infrastructure has consistently been about building
a well-diversified portfolio, across multiple factors including
geography, asset concentration, and sector exposure. We focus on
utilizing our powerful sourcing network to see, evaluate and
onboard infrastructure assets from multiple different fronts.”
ABOUT CION INVESTMENTS
CION Investments is a leading open-source provider of
alternative investments designed to redefine the way individual
investors can build their portfolios and meet their long-term
investment goals. CION Investments currently sponsors, among other
products, CION Investment Corporation (NYSE: CION), a leading
publicly listed business development company that currently manages
approximately $2 billion in assets, and also sponsors CION Ares
Diversified Credit Fund, a globally diversified interval fund that
currently manages approximately $6 billion in assets.
For more information, please visit www.cioninvestments.com.
ABOUT GCM GROSVENOR
GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset
management solutions provider with approximately $80 billion in
assets under management across private equity, infrastructure, real
estate, credit, and absolute return investment strategies. The firm
has specialized in alternatives for more than 50 years and is
dedicated to delivering value for clients by leveraging its
cross-asset class and flexible investment platform. GCM Grosvenor’s
experienced team of approximately 550 professionals serves a global
client base of institutional and individual investors. The firm is
headquartered in Chicago, with offices in New York, Toronto,
London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more
information, please visit: gcmgrosvenor.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241113023599/en/
For more information, please contact:
Susan Armstrong Head of Marketing E:
sarmstrong@cioninvestments.com
StreetCred PR E: cion@streetcredpr.com
CION Investment (NYSE:CION)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
CION Investment (NYSE:CION)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024