The District of Columbia Retirement Board has closed on a $75 million commitment to JLC Infrastructure Fund II, according to recent board meeting minutes.
JLC Infrastructure is an investor and asset management firm focused on the transportation, communications, energy, utilities and social infrastructure sectors in the United States. The firm was formed in 2015 by Loop Capital and Magic Johnson Enterprises.
JLC has a broad network of long-standing relationships with municipalities, governments, infrastructure companies, investors, advisers and financing providers throughout the United States, according to the company’s website.
As of Dec. 31, 2022, the District of Columbia Retirement Board had a 3.8 percent actual allocation to infrastructure against a target allocation of 6 percent.