The District of Columbia Retirement Board has closed on a US$75 million commitment to JLC Infrastructure Fund II.

The infrastructure fund is managed by JLC Infrastructure. The fund was approved at a meeting of the board of directors on February 13, 2023. The US$10.5 billion pension fund has actual and earmarked infrastructure contributions of 4% and 6%, respectively, as of December 31, 2022. 

The fund, and associated management firm, was formed in 2015 by Loop Capital and Magic Johnson Enterprises, with the intention of investing in infrastructure projects in the USA. It currently has approximately US$300 million in assets under management (including committed capital) and is headquartered in Chicago. Its investments so far have been in the aviation sector.