CION Investments and GCM Grosvenor Form Strategic Partnership Focused on Developing Private Market Investment Solutions
September 18 2024 - 8:15AM
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 a
strategic partnership to enhance individual investors’ access to
private market assets through their financial advisors.
CION Investments and GCM Grosvenor’s joint venture will leverage
CION’s extensive market insights, distribution prowess and product
management capabilities in combination with GCM Grosvenor's deep
infrastructure and private markets expertise. With an initial focus
on infrastructure, CGM aims to develop scalable investment
solutions to provide individual investors with enhanced access to
private market assets through innovative structures.
Michael A. Reisner and Mark Gatto, co-CEOs of CION, said: “We’re
thrilled to partner with GCM Grosvenor as we continue to build out
a comprehensive private market solutions platform that can help
financial advisors assist individual investors in building
diversified portfolios and meeting their long-term goals. Private
markets alternatives can provide diversification, help optimize
portfolio risk and return, and may prove resilient during economic
downturns. We believe GCM Grosvenor has the scale, operational
experience, relationships and portfolio management expertise needed
in a partner in this space.”
Michael Sacks, Chairman and Chief Executive Officer of GCM
Grosvenor, said, “Our partnership with CION represents a strategic
enhancement of our commitment to expanding investors’ access to
high quality private market investments. By integrating our
infrastructure expertise with CION’s leadership in democratizing
alternatives access, we are well-positioned to deliver compelling
value and solutions to investors.”
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 $2.0 billion in assets, and also sponsors, through
CION Ares Management, the CION Ares Diversified Credit Fund, a
globally diversified interval fund that currently manages
approximately $5.8 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 $79 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 540 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, visit: gcmgrosvenor.com.
FORWARD-LOOKING STATEMENTS
The information in this press release contains forward-looking
statements within the meaning of the federal securities laws. These
forward-looking statements are identified by words such as "may,"
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," "would," "could," "should," and variations of these
words and similar expressions, including references to assumptions,
forecasts of future results, shareholder diversification,
institutional research coverage and availability and access to
capital. These statements are not guarantees of future performance
and are subject to risks, uncertainties, and other factors, some of
which are beyond our control and are difficult to predict and could
cause actual results to differ materially from those expressed or
forecasted in the forward-looking statements. CADC undertakes no
obligation to update any forward-looking statements contained
herein to conform the statements to actual results or changes in
its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240918565835/en/
For more information, please contact:
Susan Armstrong Head of Marketing E:
sarmstrong@cioninvestments.com
StreetCred PR E: cion@streetcredpr.com
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