NEW YORK, May 10, 2022–(BUSINESS WIRE)–CION Investments (CION), a leading manager and distributor of alternative investment solutions, and Man Group, a $151.4 billion active global asset manager1 in AUM, today announced their partnership with iCapital2the world’s leading fintech platform enabling alternative investment access and efficiency for the asset and wealth management industries.
CION and Man Group are partnering to create unique, scalable and accessible investment solutions offered through a joint venture partnership, CION Man Management (CMM). CMM combines the origination, mining and asset management expertise of Man Group with the investment acumen, retail product management and distribution experience of CION. The initial collaboration began with Man Global Private Markets (Man GPM), the private markets business of Man Group.
CMM will leverage iCapital’s custom technology, service platform and due diligence solutions for financial advisors and their high net worth clients seeking access to alternative strategies.
“Advisors are responding to the changing and more volatile economic landscape by incorporating alternatives into their client portfolios. Products that simplify access to institutional-caliber investments and managers are seeing increased demand,” said Michael A. Reisner, co-CEO of CION. Human management.
iCapital has transformed the way the wealth management, banking and asset management industries facilitate access to private markets investments for their high net worth clients by providing intuitive technology and service solutions and end-to-end that digitizes the underwriting, administration, operation and reporting alternative investment process.
“We are delighted to join CION and Man Group in their endeavor to meet the needs of accessible alternative investment advisors,” said Lawrence Calcano, Chief Executive Officer of iCapital. “As the industry continues to grow, scalable, state-of-the-art solutions will support an increased appetite.”
ABOUT CION INVESTMENTS
CION Investments is a leading manager of alternative investment solutions designed to redefine how individual investors can construct their portfolios and help them achieve their long-term investment goals.
CION Investments currently sponsors CION Investment Corporation (NYSE: CION), a leading publicly traded business development company that currently manages approximately $1.8 billion in assets, and also sponsors, through CION Ares Management , CION Ares Diversified Credit Fund, a globally diversified interval fund that currently manages approximately $3.1 billion in assets. CION Investments has also partnered with the Man Group to create unique, scalable and accessible investment solutions.
For more information, please visit www.cioninvestments.com.
ABOUT MAN GPM
Man Global Private Markets (Man GPM) is the private markets business of Man Group. Man GPM focuses on investing in real and corporate assets in differentiated markets with high barriers to entry. We have a long history in residential real estate and private credit and seek to deliver attractive risk-adjusted returns to our clients around the world.
Our specialist investment teams in the US and UK have deep local market expertise, with established track records in building and managing large-scale real estate and credit businesses. Operating out of New York, Charlotte, North Carolina and London, Man GPM’s funds under management were $3.7 billion, including committed capital as of March 31, 2022, in pooled and separately managed accounts and joint venture structures. For more information, visit www.man.com/gpm.
ABOUT MAN GROUP
Man Group is a technology-enabled global active investment management firm focused on providing alpha and portfolio solutions to its clients. Based in London, the company manages $151.4 billion* and operates in several offices around the world.
Man Group invests in a diverse range of strategies and asset classes, with a mix of long only and alternative strategies managed on a discretionary and quantitative basis, in liquid and private markets. The firm’s investment teams work within Man Group’s unique operating platform, allowing them to invest with a high degree of autonomy while benefiting from the collaboration, strength and resources of society as a whole. Man Group’s platform is built on state-of-the-art 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 symbol EMG.LN and is part of the FTSE 250 index. Further information is available at www.man.com.
* As of March 31, 2022. 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.
As of March 31, 2022
Institutional Capital Network, Inc. and its affiliates (together, “iCapital Network” or “iCapital”)
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