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Infrastructure slam dunk: Magic Johnson launches fund

Last updated: 08:38 25 Apr 2017 EDT, First published: 03:38 25 Apr 2017 EDT

Magic Johnson
Magic Johnson is teaming up with Jim Reynolds’ Loop Capital Market

NBA legend and entrepreneur Magic Johnson has launched an infrastructure fund to invest in projects that help “rebuild America”.

Magic Johnson Enterprises is teaming up with Jim Reynolds’ Loop Capital Market, and the partners are said to be ‘scouting out’ partners and projects.

The investment plans come as President Donald Trump aims to “make America great again” with his pledges for U$1 trillion dollar investment into the nation’s infrastructure.

At a global finance and infrastructure forum, Johnson said: “I’m excited about infrastructure because this will happen for the next 25 years, because we will be rebuilding America.”

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