Cion Investment (CION) Investor presentation summary

Fund overview and structure

• Provides access to a diversified portfolio of private infrastructure assets through an interval fund structure, targeting both traditional and emerging infrastructure sectors.

• Offers daily NAV, periodic liquidity via quarterly repurchase offers, and simplified tax reporting on Form 1099.

• No investor qualification threshold; shares may be purchased daily at NAV, with a 1.60% management fee.

• Portfolio is constructed with a focus on digital, transportation, energy/transition, and supply chain infrastructure, with geographic diversification between North America and Europe.

• Seeks to generate attractive risk-adjusted returns and current income, investing primarily in equity (80-100%) and up to 20% in debt.

Investment rationale and market opportunity

• Infrastructure assets offer tangible, essential services with high barriers to entry, transparent cash flows, and potential inflation protection.

• Global infrastructure investment needs are projected at $3.3T annually through 2030, with a $2.6T gap in the U.S. this decade.

• Macro drivers include population growth, urbanization, aging assets, technological advancements, and climate change impacts.

• Private investment is increasingly filling the gap as public funding falls short, with institutional allocations to infrastructure rising and $328.9B in global dry powder at year-end 2023.

Portfolio composition and highlights

• As of July 2026, $466M AUM across 56 investments, with top holdings in energy, transportation, digital infrastructure, and social assets.

• 87.6% of the portfolio is tied to inflation, and 89.3% has contracted or regulated revenues.

• Notable assets include Constellation Energy, M25 motorway, University College London Hospital, Vantage Data Centers, Viridor, and LaGuardia Terminal B.

• Portfolio includes a mix of large, mid, and small-cap assets, with a balance between core, core plus, and value-add risk profiles.