JLC Infrastructure rounds out leadership team with energy banker Kim

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CHICAGO – MJE-Loop Capital Partners LLC said veteran Goldman Sachs energy investment banker Andrew Kim has joined the firm, a hire that completes its senior leadership team.

Kim, a managing director, will lead the firm’s energy infrastructure investment efforts from its New York office. It also has a presence in Chicago and Los Angeles.

Kim is a 20-year veteran of energy infrastructure finance with experience in investment originations and asset management. Kim most recently led energy investment efforts in the Americas for Goldman Sachs Infrastructure Partners, an investment manager that has raised more than $10 billion in private infrastructure capital since 2006. Investments have spanned the power, natural gas and regulated utility sectors.

Kim previously worked at JP Morgan where he was on the original team at JPMorgan Asset Management, an early participant in the initial wave of infrastructure-focused private equity strategies launched in the U.S.

Kim’s “transaction and asset management experience with both Goldman Sachs’ and JPMorgan’s infrastructure funds further strengthens our investment capability as we continue to work with communities to rebuild U.S. infrastructure,” the firm’s co-founder Jim Reynolds, who heads up the broker-dealer Loop Capital Markets LLC, said in a statement.

The infrastructure investment management firm does business as JLC Infrastructure. It was formed in 2015 by Loop Capital and Magic Johnson Enterprises.

Loop is well-known in the municipal sector as one of the top ranked minority-owned public finance banking firms with a national presence. Magic Johnson Enterprises is a 20-year-old company led by retired professional basketball legend Earvin “Magic” Johnson. It invests in varied businesses across multiple industries with community development and empowerment in mind.

The firm recently lost out to The Boring Company in its bid to design, privately finance, build, and operate an express transit line between downtown Chicago and O’Hare International Airport. The firm was part of the O’Hare Xpress LLC team along with Meridiam, Antarctica Capital, Mott MacDonald, and First Transit which was one of two finalists for the project.

The firm has taken part in several prominent public-private airport projects, including the planned redevelopments of the Denver International Airport Great Hall Terminal and the LaGuardia Airport Central Terminal B. The firm said it currently has approximately $300 million in assets under management including committed capital.

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