NEW YORK, December 26, 2024 – Leading international law firm Proskauer announced today that it advised JLC Infrastructure (“JLC”), a leading infrastructure investor, on the closing of JLC Infrastructure Fund II (the “Fund”).
The Fund, together with separately managed accounts, closed on capital commitments of $925 million, exceeding the Fund’s $750 million target. This is JLC’s second fund in the series and will be focused on making infrastructure investments across North America.
JLC is an investor and asset management firm focused on the transportation, communications, energy, utilities and social infrastructure sectors. The firm was formed in 2015 by Loop Capital and Magic Johnson Enterprises and has approximately $2.1 billion in assets under management.
Proskauer previously advised JLC on the closing of JLC Infrastructure Fund I, and on its capital raising and related activities in connection with its investment in the New Terminal One project at John F. Kennedy International Airport in New York City. The $9.5 billion state-of-the-art project will result in a 23-gate, 2.4 million square foot terminal with construction anticipated to finalize in 2030.
The Proskauer team was led by partners Jennifer Hicks and Monica Arora (Private Funds). It also included partners Sean Spence and Stephen Severo, senior counsel Brianna Reed and associates Yuxuan (Shonnie) Sun, Celeste (Jisoo) Kim and Benjamin Swiszcz (Private Funds).
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