JLC Infrastructure Exceeds Fund Target with $925 Million Closing

Funding | Dec 20, 2024 | Loop Capital Markets LLC

JLC Infrastructure Exceeds Fund Target with $925 Million Closing

JLC Infrastructure, a firm specialized in infrastructure investments and asset management, has successfully closed its second fund, JLC Infrastructure Fund II, with commitments of $925 million, surpassing the initial target of $750 million. The capital, along with separately managed accounts, will be used to fund infrastructure projects across North America. The firm has a solid track record of investment and project success, notably its involvement in the New Terminal One project at JFK International Airport, a $9.5 billion development plan expected to conclude by 2030. JLC manages approximately $2.1 billion in assets focusing on sectors like transportation, energy, and communications. The firm, formed by Loop Capital and Magic Johnson Enterprises, operates from Chicago and New York and enjoys extensive relationships with key stakeholders across the infrastructure space. Proskauer Rose served as JLC's legal advisor for this fundraising.

Sectors

  • Infrastructure Investment
  • Asset Management
  • Legal Advisory

Geography

  • North America – JLC Infrastructure's investment focus is on infrastructure projects across North America.
  • United States – JLC has been formed by partnerships primarily based in the United States, operating from Chicago and New York City.

Industry

  • Infrastructure Investment – JLC Infrastructure focuses on infrastructure investment across sectors such as transportation, energy, and communications in North America.
  • Asset Management – JLC manages a portfolio with assets under management totaling approximately $2.1 billion.
  • Legal Advisory – Proskauer Rose provided legal advisory services to JLC Infrastructure during the fund closing.

Financials

  • $925 Million – Total capital commitments closed for JLC Infrastructure Fund II, exceeding the initial target of $750 million.
  • $9.5 Billion – Estimated investment in the New Terminal One project at JFK International Airport.
  • $2.1 Billion – Assets under management by JLC Infrastructure.

Participants

NameRoleTypeDescription
JLC InfrastructureTargetCompanyAn infrastructure investor and asset management firm focusing on the transportation, communications, energy, utilities, and social infrastructure sectors.
Loop Capital Markets LLCPE FirmCompanyA founding entity of JLC Infrastructure involved in capital markets.
Magic Johnson Enterprises (MJE)PartnerCompanyA founding partner of JLC Infrastructure providing strategic backing.
Proskauer RoseLegal AdvisorCompanyProvided legal advice and services to JLC Infrastructure during its fund closing.
Jim ReynoldsManaging MemberPersonA managing member at JLC Infrastructure who provided statements on the fund closing.