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        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <name>Constellation Energy Corp</name>
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        <name>N/A</name>
        <lei>N/A</lei>
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        <name>N/A</name>
        <lei>N/A</lei>
        <title>Stonepeak Zeno Holdings (CYM) LP</title>
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          <other otherDesc="INTERNAL ID" value="CG19777"/>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: GBP 07/31/2028</title>
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          <other otherDesc="INTERNAL ID" value="073128GBP00009441"/>
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        <name>N/A</name>
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          <other otherDesc="INTERNAL ID" value="073128GBP00009447"/>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Morgan Stanley</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>WSC Noble SCA SICAV RAIF</title>
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          <other otherDesc="INTERNAL ID" value="CG20275"/>
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        <invCountry>LU</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>EDGE Orbital Holdings Ltd. (Connect Plus (M25)), 11.85% due 03/31/2033, Principal GBP 1,226,461</title>
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          <other otherDesc="INTERNAL ID" value="CG6897D2"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Zephyr IA Partners LP</title>
        <cusip>N/A</cusip>
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          <other otherDesc="INTERNAL ID" value="CG19746"/>
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        <descOthUnits>Other Units</descOthUnits>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: EUR 02/22/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="022227EUR00001376"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1.00000000"/>
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        <assetCat>DFE</assetCat>
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        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Morgan Stanley</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: GBP 06/26/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="062628GBP00008099"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="1.00000000"/>
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        <assetCat>DFE</assetCat>
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        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Goldman Sachs Bank USA</counterpartyName>
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            <amtCurSold>5261413.60000000</amtCurSold>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>Blackrock Liquidity Funds T-fund</name>
        <lei>5493002L9DNZ83RX7V61</lei>
        <title>BlackRock Liquidity Funds T-Fund</title>
        <cusip>09248U718</cusip>
        <identifiers>
          <isin value="US09248U7182"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: EUR 08/19/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="081927EUR00001382"/>
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        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1.00000000"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MACQUARIE BANK LIMITED</counterpartyName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: GBP 02/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="022029GBP00007233"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt="1.00000000"/>
        <valUSD>3526.00000000</valUSD>
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        <assetCat>DFE</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Goldman Sachs Bank USA</counterpartyName>
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            <amtCurSold>176872.00000000</amtCurSold>
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            <amtCurPur>237322.00000000</amtCurPur>
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            <settlementDt>2029-02-20</settlementDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: EUR 11/08/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="110829EUR00001691"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="1.00000000"/>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
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        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Morgan Stanley</counterpartyName>
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        <securityLending>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: EUR 02/20/2029</title>
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        <identifiers>
          <other otherDesc="INTERNAL ID" value="022029EUR00001555"/>
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        <currencyConditional curCd="EUR" exchangeRt="1.00000000"/>
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        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>MACQUARIE BANK LIMITED</counterpartyName>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>WD Thanos Blocker Feeder LLC</title>
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          <other otherDesc="INTERNAL ID" value="CG20046"/>
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        <descOthUnits>Other Units</descOthUnits>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Crown Co-Investment Fund SCSp</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="CG19361"/>
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        <balance>1377794.88000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.75389000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: GBP 02/20/2029</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="022029GBP00002035"/>
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        <currencyConditional curCd="GBP" exchangeRt="1.00000000"/>
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        <assetCat>DFE</assetCat>
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              <counterpartyName>Morgan Stanley</counterpartyName>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>FIC PP Co-Invest, LP</title>
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          <other otherDesc="INTERNAL ID" value="CG25539"/>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: GBP 07/31/2028</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="073128GBP00009432"/>
        </identifiers>
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        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>N/A</invCountry>
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        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
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              <counterpartyName>Goldman Sachs Bank USA</counterpartyName>
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        </derivativeInfo>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Stonepeak Tiger (Co-Invest) Holdings (I-B) LP</title>
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        <identifiers>
          <other otherDesc="INTERNAL ID" value="CG18540"/>
        </identifiers>
        <balance>1857239.42000000</balance>
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        <descOthUnits>Other Units</descOthUnits>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Forward Contracts: GBP 02/22/2027</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="INTERNAL ID" value="022227GBP00001370"/>
        </identifiers>
        <balance>1.00000000</balance>
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        <lei>N/A</lei>
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        <name>N/A</name>
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        <name>N/A</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
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          <other otherDesc="INTERNAL ID" value="CG20198"/>
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    <signature>
      <ncom:dateSigned>2026-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>CION Grosvenor Infrastructure Master Fund, LLC</ncom:nameOfApplicant>
      <ncom:signature>Robert Lehr</ncom:signature>
      <ncom:signerName>Robert Lehr</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
