CION Investments (CION), a leading manager and distributor of alternative investment solutions, today announced a joint venture partnership with Man Group, a global active asset manager with $139.5 billion in AUM.
The collaboration will begin with Man Global Private Markets (Man GPM), Man Group’s private markets business, which specializes in residential real estate equity and debt. Man GPM has over $3.3 billion in AUM including committed capital and has deployed more than $7 billion in capital across equity and debt investments since inception.
CION and Man Group will work together to create unique, scalable, and accessible investment solutions that leverage Man GPM’s origination, operational and asset management expertise and CION’s investment acumen, product management and distribution experience.
Man GPM has managed US residential real estate equity and debt investments since 2012, with a focus on single-family rentals and residential investment loans. Through its single-family rental investment platform, the firm has managed the acquisition and/or development of more than 5,200 homes/lots in 13 states and 18 markets across buy- and build-to-rent strategies. With respect to debt investments secured by residential investment properties, the firm has managed the financing of more than 18,000 single- and multi- family investment properties with an aggregate value of more than $10 billion through whole loan purchases, cross-collateralized senior credit facilities and direct property financing.
Michael A. Reisner and Mark Gatto, co-CEOs of CION, said: “We’re very excited about this new venture with Man Group as we look to further meet growing client demand for private market solutions. As an early entrant to US residential real estate, we believe Man Group has the scale, operational experience and portfolio management expertise needed in a partner in this space.”
Eric Burl, Head of Man GPM, said: “We’re looking forward to partnering with CION, a firm with a track record of delivering innovative alternative investment solutions for clients. Investors are increasingly looking to private markets to meet the need for more income and diversification in portfolios. As a firm built on a commitment to alpha generation, technological innovation, and risk management, we are confident we can add value to investors’ portfolios and are excited by the opportunity to bring our real estate platform to a broader range of investors.”
ABOUT CION INVESTMENTS
CION Investments is a leading manager of investment solutions designed to redefine the way individual investors can build their portfolios and help meet their long-term investment goals. With more than 30 years of experience in the alternative asset management industry, CION strives to level the playing field by giving investors direct access to premier asset management historically only available to the largest institutions.
CION currently manages CION Investment Corporation (NYSE: CION), a leading publicly listed BDC with approximately $1.8 billion in assets under management and sponsors, through CION Ares Management, CION Ares Diversified Credit Fund, a globally diversified credit interval fund with approximately $2.1 billion in total managed assets. Visit www.cioninvestments.com to learn more.
ABOUT MAN GPM
Man GPM is the Global Private Markets engine of Man Group plc. The firm manages investments in real and corporate assets across the capital structure globally and has long-standing experience in real estate equity and debt investments and specialty lending. Man GPM takes a hands-on approach to origination, in-house structuring and ongoing active management of its investors’ investments with the intent of generating alpha on behalf of its investors.
Man GPM has offices in the US and UK with a team of 27 investment professionals, supported by dedicated Man GPM personnel and Man Group’s shared resources and infrastructure. As of September 30, 2021, the team manages over $3.3 billion in assets including committed capital and more than $7 billion of capital deployed. For more information, visit www.man.com/gpm.
ABOUT MAN GROUP
Man Group is a global, technology-empowered active investment management firm focused on delivering alpha and portfolio solutions for clients. Headquartered in London, the firm manages $139.5 billion* and operates across multiple offices globally.
Man Group invests across a diverse range of strategies and asset classes, with a mix of long only and alternative strategies run on a discretionary and quantitative basis, across liquid and private markets. The firm’s investment teams work within Man Group’s single operating platform, enabling them to invest with a high degree of empowerment while benefiting from the collaboration, strength and resources of the entire firm. Man Group’s platform is underpinned by advanced technology, supporting our investment teams at every stage of their process, including alpha generation, portfolio management, trade execution and risk management.
Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com.
*All investment management and advisory services are offered through the investment “engines” of Man AHL, Man Numeric, Man GLG, Man Solutions / FRM and Man GPM.
All AUM figures are as of September 30, 2021.