Cion and GCM to improve retail access to private markets

Cion Investments and GCM Grosvenor have teamed up to make it easier for individual investors to access private market assets through their financial advisors.

The alternative asset managers have formed a joint venture which will leverage Cion’s market insights, distribution prowess and product management capabilities alongside GCM’s infrastructure and private markets expertise.

Together they aim to develop scalable investment solutions for individual investors who are interested in investing in private markets. Initially the partnership will focus on infrastructure, before extending across all private markets.

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“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,” said Michael A. Reisner and Mark Gatto, co-chief executives of Cion.

“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.”

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Michael Sacks, chairman and chief executive of GCM Grosvenor said that the partnership “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 democratising alternatives access, we are well-positioned to deliver compelling value and solutions to investors,” Sacks added.

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