NBA star-turned-investor David Robinson helps raise $50 million for Texas investment fund

The former San Antonio Spurs superstar is raising funds for Blueprint Local, an opportunity zone fund that was created out of the federal 2017 Tax Cuts and Jobs Act.

The firm says it has invested more than $300 million in over 50 deals with total transaction value of over $1.5 billion.Stephanie Keith | Bloomberg | Getty Images, is helping to raise $50 million for a new investment fund designed to help develop economically depressed neighborhoods in Texas. Robinson said he was drawn to the fund because it benefits the Alamo City, where he spent his entire professional basketball career.

His own fund, Admiral Capital, focuses on private equity and real estate deals that can "make a positive social impact," according to its website. The firm says it has invested more than $300 million in over 50 deals with total transaction value of over $1.5 billion.

DavidtheAdmiral Nothing but a class act. Amazing skills on the court too.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs leads $50 million investment in millennial credit-card start-up DeserveMost of the card industry still relies on 1970's era technology, including mainframes and the COBOL programming language.
Source: CNBC - 🏆 12. / 72 Read more »

New York's restaurant industry is thriving, proving that raising the minimum wage helps everyoneNew York's restaurant industry is thriving, proving that raising the minimum wage helps everyone (via ConversationUS) ConversationUS “A good economy means that everyone benefits” should have been the title of this article
Source: BusinessInsider - 🏆 729. / 51 Read more »