Ex-NBA Star Metta World Peace Targets $1 Billion Investment Fund
- Artest teaming up with Houlihan Lokey co-founder as adviser
- Fund to invest in sports real estate, health, startups
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Metta Sandiford-Artest, the former pro basketball player also known as Metta World Peace, is planning a new investment fund for his Artest Management Group, according to a person familiar with the matter.
The fund is targeting $1 billion, said the person, who asked not to be identified because the information was private. The fundraising hasn’t begun yet and the target size could still change, the person said.