Recognizing the attractive long-term environment for investment opportunities in infrastructure, alternative investment solutions platform CION Investments and alternative asset management firm GCM Grosvenor have brought a new interval fund focused on private infrastructure to market.
The companies said the CION Grosvenor Infrastructure Fund (CGIF) was officially declared effective by the SEC. CGIF has an interval fund structure that allows individual investors, through their financial advisers, to gain access to GCM Grosvenor’s institutional private infrastructure platform.
The fund expects to launch with approximately $300 million of seed capital from a major institutional investor. Before commencing distribution, the fund is expected to merge with a seasoned portfolio of $220 million in committed net assets that are broadly diversified and includes the traditional infrastructure sectors of transportation, digital, energy and energy transition, and new infras