Kevin Durant’s off-the-court acquisitions have done exceedingly well in the last few years with stakes in 70 different properties, as varied as Coinbase, the bitcoin exchange; SeatGeek, the online ticketing service used by the Nets; and Weedmaps, an app that helps marijuana fans find legal dispensaries.

Now, the Nets superstar and his agent/manager Rich Kleiman have announced they’re setting up a “blank check” company formally known as a “special purpose acquisitions company” (SPAC) called Infinite Acquisition Corp to help them invest further. The two are hoping to raise $200 million, using their successes in the market to entice new investors. The Nets forward will serve as the co-CEO of Infinite Acquisition with Kleiman.

The SPAC will trade under the ticker symbol “NFNT.U” on the New York Stock Exchange. As Jabari Young, who covers sports business for CNBC, reported, Infinite will sell 20 million shares at $10 and return money to investors if it doesn’t acquire a company to take public within 24 months. Among the targets: sports, e-commerce, and cryptocurrency companies.

SPACs are formed to raise capital to acquire existing companies. The funds are placed in a two-year escrow account, and once a deal is identified, it’s presented to investors. Investors can exit if they don’t approve a proposal. But if a deal gets done, investors can also obtain options to buy shares of the new company purchased at some future date.

As Young noted…

Durant, 33, is an active investor through his firm Thirty Five Ventures.

Last month, he joined another IPO for secondary-ticket service SeatGeek. That company entered a business combination agreement valued at $1.35 billion with RedBall Acquisition Corp.

Durant is also a team investor in a Major League Soccer club, and banking app Goalsetter. Last April, he joined hip-hop star Drake and Amazon co-founder Jeff Bezos’ investment firm to become a stakeholder in the sports media company Overtime.

In addition, KD and Kleiman have invested in RobinHood, the online stock brokerage, Mercury, an online bank for other start-ups, and Postmates, all of which like Coinbase have enjoyed huge run-ups in value. His partners have included everyone from Drake to Jeff Bezos, the founder of Amazon,

He is also a minority owner of the Philadelphia Union, the MLS team. On Friday, he wished his team well as it enters the MLS Cup Playoffs.

Durant’s huge earnings in salary and endorsements, estimated at $625 million by Sportico, permits him to make investments of up to $3 million in growth properties much like old line investors have done.