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The 414-foot vessel was the fourth-largest in the world when it was built in 2003. It has gone through an eight-month refit and features 13 cabins two elevators, an eight-person submarine, two helipads and garage space for helicopters and an SUV.
In a memo sent to owners, the league says it’s exploring the potential formation of “a new capital vehicle that could purchase passive, minority ownership interests across multiple NBA teams.”
UBS announced it has raised $225 million from its private clients for the $1 billion KKR Global Impact Fund as part of a five-year plan to mobilize private wealth for public good.