Dyal Homecourt, the first fund established to invest in NBA franchises, has about $200 million in assets under management, according to a disclosure today. The assets, which are current as of Dec. 31, are at the same level as of Sept. 30 and little changed from $155 million as of June 30 last year. Dyal had been approved in 2019 as the first fund to be allowed to purchase limited partner stakes in NBA teams. Under its deal, Dyal doesn’t have a limit on the number of teams it can own stakes in, unlike other funds.