DC Retirement Board commits US$75 million to JLC Infrastructure Fund II
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.
Country updates
-
-
March 02, 2023
Transit Wireless to expand MTA 5G network in New York City
Transit Wireless, a BAI Communications company, has announced the fiber optic network expansion partnership in with the Metropolitan Transportation Authority (MTA) in the New York City Subway, USA. T...
Read more -
March 01, 2023
Consortium selected for GigReady Broadband network development project in West Virginia
The Jefferson County Development Authority (JCDA) has announced Comcast Cable Communications, LLC as its partner for the Jefferson County GigReady Broadband Implementation initiative in West Virg...
Read more -
February 27, 2023
Contract awarded for development of Fair Park in Dallas
AECOM has announced that it has been selected by Fair Park First to provide program management services to Fair Park in Dallas, Texas, USA. The project involves 8 new structu...
Read more -
February 22, 2023
New Terminal One hiring for airport redevelopment PPP project in New York
The New Terminal One (NTO) has announced 4 key hires supporting the design, development, construction, financing, operation and maintenance of a terminal at John F. Kennedy Internationa...
Read more -
February 21, 2023
I Squared Capital acquired Whistler Pipeline
I Squared Capital has acquired a controlling interest in the Whistler Pipeline through its ISQ Global Infrastructure Fund III from First Infrastructure Capital, Ridgemont Equity P...
Read more
