# EDGAR Filing Document

**Accession Number:** 0002001586
**File Stem:** 0001049169-26-001521
**Filing Date:** 2026-5
**Character Count:** 41180
**Document Hash:** f1e5553f65a0fa2b3e18f6dfcefd1a00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001049169-26-001521.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001049169-26-001521

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CION Grosvenor Infrastructure Master Fund, LLC
- **CENTRAL INDEX KEY:** 0002001586

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24043
- **FILM NUMBER:** 261043278

**BUSINESS ADDRESS:**
- **STREET 1:** C/O GCM CUSTOMIZED FUND INVESTMENT GROUP
- **STREET 2:** 767 FIFTH AVENUE, 14TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153
- **BUSINESS PHONE:** 312-506-6500

**MAIL ADDRESS:**
- **STREET 1:** C/O GCM CUSTOMIZED FUND INVESTMENT GROUP
- **STREET 2:** 767 FIFTH AVENUE, 14TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** CION Grosvenor Infrastructure Master Fund, LLC

- **b. Investment Company Act file number:** 811-24043

- **c. CIK number of Registrant:** 0002001586

- **d. LEI of Registrant:** 529900KLTOC34RKNY298

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Park Ave 25th Floor

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 6464302384

**Item A.2. Information about the Series.**

- **a. Name of Series:** CION Grosvenor Infrastructure Master Fund, LLC

- **c. LEI of Series:** 529900KLTOC34RKNY298

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $414298319.28

**Total Liabilities:** $8719138.38

**Net Assets:** $405579180.90

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -1.49%               | 3.49%                | -0.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4990106.36              | $-8838833.16                               |
| Month 2  | $0.01                    | $12753993.17                               |
| Month 3  | $0.00                    | $-4397332.87                               |

### Schedule of Portfolio Investments

| Name                                              | Title                                                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A                                               | Forward Contracts: EUR 01/09/2030                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-144885.00   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-11005.00    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-2150.00     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-4552.00     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $2149.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-18830.00    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-2130.00     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-7836.00     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $6932.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 02/20/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $6800.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/22/2027                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-74798.00    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/22/2027                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-40786.00    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/22/2027                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $3255.00      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/22/2027                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $13481.00     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 02/22/2027                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-147318.00   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/22/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-99874.00    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/22/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-35826.00    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 02/22/2030                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-73456.00    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 03/31/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-175137.00   | -0.04%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 06/26/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $207696.00    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-14967.00    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-329745.00   | -0.08%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-415082.00   | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-23361.00    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-514655.00   | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2028                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-538722.00   | -0.13%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2030                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-22084.00    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2030                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-486545.00   | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2030                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-436541.00   | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: GBP 07/31/2030                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-39645.00    | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 08/19/2027                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-96318.00    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 11/08/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-116085.00   | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Forward Contracts: EUR 11/08/2029                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              | CORP              | N/A       |         1 | NC      | $-99966.00    | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                               | Goldman Sachs Financial Square Treasury Obligations Fund                                                        | CUSIP: 38141W323<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  10580373 | NS      | $10580372.84  | 2.61%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                               | Northern Institutional Treasury Portfolio                                                                       | CUSIP: 665279808<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  47612142 | NS      | $47612141.53  | 11.74%            |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Energy Corp                         | Constellation Energy Corp.                                                                                      | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    112882 | NS      | $31522298.50  | 7.77%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                               | DB Aviator Europe, LP                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    824955 | OU      | $1148104.76   | 0.28%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | Sculptor Real Estate MWID Co-Investment Fund LP                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2082757 | OU      | $2674481.61   | 0.66%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Stonepeak Tiger (Co-Invest) Holdings (I-B) LP                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   1808625 | OU      | $1927552.07   | 0.48%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Arclight Renewable Infrastructure Fund SM SPV, LP                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   1872290 | OU      | $2300040.27   | 0.57%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Alba Topco S.a r.l.                                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |   3700232 | OU      | $6329772.96   | 1.56%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | KKR Apple Co-Invest L.P.                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3154529 | OU      | $5083338.16   | 1.25%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Barings Transportation Fund LP                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    655326 | OU      | $1822932.05   | 0.45%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Dalmore Infrastructure Investments 40 LP                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |   3278819 | OU      | $4179758.26   | 1.03%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | Fibre Networks Holdings S.a r.l.                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |    756093 | OU      | $968789.06    | 0.24%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | Viridor Energy (Investments) Limited                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |   2516639 | OU      | $4102941.18   | 1.01%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | Avenue Golden Continuation Fund, L.P.                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |         0 | OU      | $18643.00     | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | KSL Capital Partners CV I, L.P.                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2721487 | OU      | $4491550.88   | 1.11%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Duration Ports America Capital Partners, L.P.                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3229735 | OU      | $5052925.61   | 1.25%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Corsair-Vantage Airport Fund, L.P.                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    664031 | OU      | $3088865.57   | 0.76%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Crown Co-Investment Fund SCSp                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |   1377795 | OU      | $2255445.44   | 0.56%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Maxima Co-Invest, L.P.                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2550684 | OU      | $3892783.67   | 0.96%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | ECP V (Bears Co-Invest), LP                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2019017 | OU      | $3284405.97   | 0.81%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Rand Holdings II, LP                                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3844723 | OU      | $5611616.41   | 1.38%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | Rand Holdings II, LP TL, 9.75% due 06/30/2030, Principal $356,483                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    356483 | PA      | $333392.16    | 0.08%             | 2030-06-30      | Fixed         | 9.75%                 | No            | 3                  | On Loan: No      |
| N/A                                               | Zephyr IA Partners LP                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   1854483 | OU      | $2515379.28   | 0.62%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | EQT Active Core Infrastructure Co-Investment (B) SCSp                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   4190811 | OU      | $5592714.68   | 1.38%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Stonepeak Zeno Holdings (CYM) LP                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |   3558225 | OU      | $4567930.39   | 1.13%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | KSL Capital Partners CV II 1, L.P.                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3361844 | OU      | $3673717.06   | 0.91%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | BGIF IV PTI Co-Invest L.L.C.                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   5145334 | OU      | $6465854.07   | 1.59%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | EBC WI LP                                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3953519 | OU      | $6804528.76   | 1.68%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | WD Thunder CV LP                                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3783478 | OU      | $5891673.00   | 1.45%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | DIV II Matrix Co-Invest II SCSp                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |   2913129 | OU      | $5687818.43   | 1.40%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | QE Lux Holding SCS                                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3012502 | OU      | $3221430.55   | 0.79%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | AL GCX Co-Invest Feeder, L.P.                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   1847278 | OU      | $3412739.24   | 0.84%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Novacap TMT V Co-Investment (Stratus), L.P.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3630198 | OU      | $3849443.78   | 0.95%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | DB Dino Holdings I, LP                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  13903096 | OU      | $17867784.87  | 4.41%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | WD Thanos Blocker Feeder LLC                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   4096124 | OU      | $6305375.33   | 1.55%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | TW WTG CO-INVEST LP                                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   4318133 | OU      | $6242966.54   | 1.54%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | KKR GV Co-Invest L.P.                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |   4574189 | OU      | $6071350.37   | 1.50%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Moon UK Midco Limited                                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |   4315401 | OU      | $4771672.89   | 1.18%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | Vantage Airport Group (New York) LLC                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   8928826 | OU      | $9523422.22   | 2.35%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | Strategic Value Spurs A, L.P.                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   7339546 | OU      | $9212581.22   | 2.27%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | WSC Noble SCA SICAV RAIF                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |   1513813 | OU      | $1850233.04   | 0.46%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | CAV UK JV Limited                                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |   4235272 | OU      | $4887857.76   | 1.21%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | Jacmel Renewables I, LP                                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   8139797 | OU      | $8837152.16   | 2.18%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | InfraEuropa Co-Invest SCA                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | LU        |   6642535 | OU      | $10084973.57  | 2.49%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | Riverstone Iris Continuation Fund, L.P.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |  13060169 | OU      | $13685074.12  | 3.37%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | FIC Matterhorn CF Feeder, LP                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   3444148 | OU      | $4236592.65   | 1.04%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                               | University College London Hospital Class B (93 Shares)                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |        93 | OU      | $12331667.51  | 3.04%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | University College London Hospital Class C (14 Shares)                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |        14 | OU      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | University College London Hospital Subordinated Unsecured Loan, 10.25% due 03/31/2040, Principal GBP 12,381,731 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |  12381731 | PA      | $16511998.57  | 4.07%             | 2040-03-31      | Fixed         | 10.25%                | No            | 3                  | On Loan: No      |
| N/A                                               | EDGE Orbital Holdings Ltd. (Connect Plus (M25)) (241,041,937 Shares)                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        | 241041937 | OU      | $11904735.16  | 2.94%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | EDGE Orbital Holdings Ltd. (Connect Plus (M25)), 6.50% due 03/31/2033, Principal GBP 9,929,320                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |   9929320 | PA      | $13578323.27  | 3.35%             | 2033-03-31      | Fixed         | 6.50%                 | No            | 3                  | On Loan: No      |
| N/A                                               | EDGE Orbital Holdings Ltd. (Connect Plus (M25)), 11.85% due 03/31/2033, Principal GBP 1,433,440                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |   1433440 | PA      | $1997862.98   | 0.49%             | 2033-03-31      | Fixed         | 11.85%                | No            | 3                  | On Loan: No      |
| N/A                                               | EDGE Orbital Holdings 2 Ltd (M25 - Atkins) (10,658,007 Shares)                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | GB        |  10658007 | OU      | $563696.98    | 0.14%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                                               | EDGE Orbital Holdings 2 Ltd (M25 - Atkins), 6.50% due 03/31/2033, Principal GBP 456,699                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |    456699 | PA      | $624708.02    | 0.15%             | 2033-03-31      | Fixed         | 6.50%                 | No            | 3                  | On Loan: No      |
| N/A                                               | EDGE Orbital Holdings 2 Ltd (M25 - Atkins), 11.85% due 03/31/2033, Principal GBP 42,370                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | GB        |     42370 | PA      | $59264.29     | 0.01%             | 2033-03-31      | Fixed         | 11.85%                | No            | 3                  | On Loan: No      |
| N/A                                               | Aviator DC REIT Holdings 2, LP                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   2914813 | OU      | $4309713.06   | 1.06%             |  |  |  | No            | N/A                | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management Fund | Dreyfus Treasury Obligations Cash Management Fund, Institutional Class                                          | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |  37031294 | NS      | $37031294.09  | 9.13%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                               | BlackRock Liquidity Funds T-Fund                                                                                | CUSIP: 09248U718<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  10580375 | NS      | $10580374.96  | 2.61%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** CION Grosvenor Infrastructure Master Fund, LLC

**Signature:** Robert Lehr

**Name of Signer:** Robert Lehr

**Title:** Chief Financial Officer