In 2008 Robinson partnered with Daniel Bassichis, formerly of Goldman Sachs and a board member of The Carver Academy, to form Admiral Capital Group. Admiral Capital Group is a private equity firm whose mission is to invest in opportunities that can provide both financial and social returns. Robinson's primary motivation in starting Admiral Capital was to create a source of additional financial support for The Carver Academy. Admiral has made several investments to date, primarily in the real estate and hospitality industry, including a stake in Centerplate, one of the nation's premier food services companies. Admiral Capital Group also partnered with Living Cities to form the Admiral Center, a non-profit created to support other athletes and entertainers with their philanthropic initiatives.
Read more about this topic: David Robinson (basketball)
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