By selecting the relevant option, you certify that it accurately reflects your residency. Switchboard: +1 (212) 583-5000. David Blitzer has made 11 investments. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. As 2022 continues, dont be surprised if you keep seeing Blitzer the Harris Blitzer Sports & Entertainment names pop up when it comes to even more acquisitions. The Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. For the entrepreneur, the investment in FCA represents a great opportunity to play a role in German soccer which is generally very difficult for investors to access. He graduated from Scotch Plains-Fanwood High School in 1987. Vention raised $95,000,000 / Series C from Bain Capital Ventures and 5 other investors . Exits Number of Exits 3 David Blitzer has 3 exits. 10 things to know about Real Salt Lake's new owner David Blitzer Germany. Private equity investors from Switzerland are also important in the global investment markets. The firm prefers to invest in the e-commerce, mobile, and education sectors. He subsequently developed into a successful businessman who revealed a weakness for sports. Mr. Blitzer currently serves on the Boards of Dream, a youth development organization servicing more than 2,200 inner-city children, the Riverdale Country School, the Advisory Board of the Mount Sinai Surgical Department, the Board of Overseers at the Wharton School and the Board of Trustees at the University of Pennsylvania. 2018: Formed Elevate Sports Ventures in partnership with CAA and the San Francisco 49ers 2020: Blitzer and Harris acquire minority stake in the Pittsburgh Steelers Find Just Womens Sports online, subscribe to the newsletter, and follow on Instagram, TikTok, Twitter, Snapchat, and YouTube. Harris Blitzer Vet Abrams, Sportradar's Rees Launch Sports Fund Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. He joined the firm in 1991. The new Real Salt Lake owner (er, investor-operator, in MLS terms) and the club's main representative to the league, according to Sportico reporting today. | Terms & Conditions Mr. Blitzer is based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. So, how did his 1-of-1 portfolio of NBA, NFL, NHL, MLB, and MLS investments come to be? Bolt Ventures is a family-owned venture capital firm which provides smart capital and pro-active hands-on support to fast-growing highly-scalable IT, Gaming & High Tech companies. Scott Krase. By August of 2019 . One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. Consulting Companies With More Than $10M in Revenue (Top 10K), Northeastern US Public Companies With Fewer Than 1000 Employees, Northeastern US Public Companies With More Than $500 in Revenue, United States Companies With More Than $100M in Revenue (Top 10K), Private Equity Firms with Investments in Pennsylvania, Finance Public Companies With Fewer Than 1000 Employees, United States Investors with Funds Raised in 2007, Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake Bolt Ventures Sep 2021 - Dec 20221 year 4 months New York, New York, United States Head of Family Office Oak Hill Advisors, L.P. Aug 2014 - Dec 20228 years 5 months Greater New York City Area. . Player engagement with their global fan base has absolutely exploded in the age of social media, Blitzer told Bloomberg Businessweek at the NBA Tech Summit in 2019. Bolt Ventures Portfolio Investments, Bolt Ventures Funds, Bolt Ventures David Scott Blitzer (born September 7, 1969) is an American private equity investor. Bolt - Investing at the intersection of the digital and physical world The firms new AI Fund will invest in AI companies building machine learning models trained on large data sets. By making his mark in many markets, Blitzer became a marquee member of the 37-year-old investment firm that now manages $650 billion worth of assets and owns 250 companies. While Blitz is best known for his ownership role in the Philadelphia 76ers and his majority stake in the New Jersey Devils, he also has a hand in multiple futbol clubs, as well as ownership interest in e-sports and Minor League Baseball. David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. Their most notable exits are The Action Network , Keemotion , and Beyond Sports. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. During Blitzers time on campus, Wharton became thefirst business school to form an International Executive Advisory Board; the scools ability to generate and execute big ideas both domestically and abroad was a fitting primer for what Blitzer was about to do himself. Guy Oseary and Ashton Kutchers venture capital firm, Sound Ventures, has closed a $240 million During the NFL Draft, Rich Paul unveiled the pieces from his inaugural Klutch Athletics collection with New Balance Rich Paul is one of the most prolific minds in sports. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. New investors include tennis icon Billie Jean King; Washington Spirit owner Michele Kang; Bolt Ventures, the family office of financier and team owner David Blitzer; SC Holdings, a strategic entertainment investor thats backed The SpringHill Company and Front Office Sports; Revolutions Rise of the Rest Seed Fund; Muse Capital; Dapper Labs, the leading sports NFT platform; and other institutional and angel investors. matt@lippingroup.com / kevin@lippingroup.com, Just Womens Sports PR For press inquiries, contact [emailprotected]. The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. Just as the star players on Blitzs Sixers squad developed their games at Duke or Kansas, Blitzer honed his craft at the prestigious Wharton School of Business. The Daily Deal Newsletter, Just Womens Sports Raises $6M in Funding, Liteboxer Raises $20M in Series A Funding. Bolt Ventures - Building Futures Alpha Wave Global led the growth funding round and was joined by new investor Mark Vadon, returning investors SC.Holdings, David Blitzer's family office Bolt Ventures and Dr. Peter Attia, as . Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. Having invested in a variety of sports teams, but with soccer teams I have a view that over time there are benefits to that equation. View contacts for Bolt to access new leads and . VP, VP, Finance. What is US investor David Blitzer doing with FC Augsburg? 2023 Harkness Capital Partners | Admin Login, Investor: 21 years as portfolio manager; credit analysis for high yield bonds and bank loans; structured, negotiated credit terms for numerous PE-backed companies; financed management buyouts, Board Member: Athletic Recovery Zone; E-net; Nomikos Ltd.; Caravel Shipping Ltd; Dolphin Capital Opportunities; Castle Athletics; OneZone. Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. Mr. Blitzer and his wife, Allison, founded the Blitzer Family Foundation, which supports positive youth development by creating opportunities centered around education, athletics, health and wellness. Hes the first person with an equity stake in the five biggest US professional sports leagues. team owners David Blitzer [New Jersey Devils, Philadelphia 76ers], GSW Sports Ventures [an affiliate of the Golden State Warriors], Steve Kaplan [D.C. United, Swansea City], Steve Koonin [Atlanta . David Blitzer - Wikipedia For office-specific contact information, please visit our our offices page. Harris Blitzer Sports & Entertainment - Wikipedia The round was led by Blue Pool Capital, Joe Tsai's family office, with participation from Billie Jean King, Michele Kang, Bolt Ventures, David Blitzer, SC Holdings, Revolution's Rise of the Rest. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . Portions of this site are directed only to persons in certain jurisdictions. With his Bolt Group, he is seizing every opportunity to generate more significance in the sport. The company's filing status is listed as Active and its File Number is 5715498. [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. How David Blitzer Built it - Boardroom BOLT VENTURES I LLC. By approaching every opportunity as a business decision while still sharing the spirit of a fan, Blitzer is able to staff each franchise he owns with the same approach as his day job at Blackstone. Gametime, an aggregated ticketing marketplace which is designed for last-minute buyers, confirmed it has now generated more than US$1 billion of sales since its launch, with its growth accelerating. The company intends to use the funds to continue to expand operations, content offerings and business reach. Teams Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. This has proven true. What is the story of the payment company Worldline? Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. phidsmith. Seitzstrae 8e We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. [1] He serves on the Mount Sinai Hospital and Wharton School. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. September 16, 2020 12:29 PM EDT. [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares. He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. There is no indication yet as to whether Bolt is involved in the sale. The club got through the Corona crisis without any state aid, which is remarkable considering the 35 million euros in lost revenue. Mr. Blitzer and his wife Allison reside in New York City with their five children. The American group is led by David Blitzer, Jahm Najafi and Jeff Moorad and enjoys a portfolio that spans stakes in Premier League club Crystal Palace, NBA teams Philadelphia 76ers, and the Phoenix Suns and the New Jersey Devils in the National Hockey League, among others. Who is David Blitzer? Matters for Bolt Ventures, an entity led by David Blitzer, in connection with its investments in Harris Blitzer Sports & Entertainment (HBSE) Ken has been recognized by The Legal 500 for his work in private equity buyouts. Gametime Secures $30M in Funding - FinSMEs David Blitzer - Blackstone Previously, he shared responsibility for the portfolio management activities of Oak Hill Advisors, a NY based asset manager with over $20 billion of assets under management. He also worked in the mergers and acquisitions departments of Gleacher & Co. and Salomon Brothers. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. He also has a hand in two other sports clubs from two of the worlds biggest leagues: The 52-year-old holds shares in the Philadelphia 76ers from the US basketball league NBA and in the New Jersey Devils from the ice hockey league NHL in the USA. Diese Seite wurde im November 2021 erschaffen. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. Bolt Ventures, the family office of David Blitzer, investment firm SC Holdings, women's tennis pioneer Billie Jean King, Washington Spirit owner Michele Kang, and sports NFT marketplace. In financially difficult times, the deal also brings security to a club that always has to manage well. David Blitzer Nearing Deal to Acquire Nearly 35% of MLB's Guardians Bolt - Crunchbase Investor Profile & Investments American billionaire investor (born 1969), This article is about the private equity investor. According to Forbes, he purchased the Philadelphia 76ers for $280 million in 2011. #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). bolt ventures david blitzer. Isaac Harrouche - Investment Principal - Bolt Family Office - LinkedIn What is US investor David Blitzer doing with FC Augsburg? The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. For information on our privacy practices see our Privacy Policy. Blitzer is also the co-owner of Real Salt Lake of Major League Soccer and a minority owner of the Cleveland Guardians of Major League Baseball. The company's . [23], In 2010, Blitzer's father-in-law, Stuart Ross, who once owned the North American rights to the Smurfs franchise, was convicted of trying to extort $5.5million from Blitzer in return for having no more contact with Blitzer's family and another $5.5million from Blitzer for having no more contact with Blitzer and Blackstone. This is a question that only Blitzer himself can answer, but he has not yet commented on it. The round was led by Blue Pool Capital, Joe Tsais family office,with participation from Billie Jean King,Michele Kang, Bolt Ventures, David Blitzer,SC Holdings,RevolutionsRise of the Rest Seed Fund,Muse Capital and Dapper Labs, and other institutional and angel investors. With the demand for digital media ascending, pro sports audiences going global, and the number of franchises staying mostly stagnant, Blitz saw an opening in the market and seized it. Who are David Blitzer and Arctos Sports, reported new owners of Real Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Who Is David Blitzer? See the Guardians Owner's Net Worth - Entrepreneur As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. Blue Pool Capital, David Blitzers Bolt Ventures, Dapper Labs, Billie Jean King, and SC Holdings are among latest investors to back the womens sports platform. press@justwsports.com, Internet Explorer presents a security risk. Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. of the Premier League. Jeffrey Saunders - Founder - 10khours | LinkedIn The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. [6][7] In August 2013, Blitzer and Harris purchased the New Jersey Devils of the National Hockey League (NHL), which included the Prudential Center in Newark, New Jersey, for over $320 million. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. To view recent press releases,click here. JWS also has a growing line of exclusive merchandise which will expand in the coming months. Athletic Greens Scoops Up $115M - VC News Daily Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Money Raised: Amount of money raised in Funding Round, Total number of current Jobs the person has, CB Rank (Hub): Algorithmic rank assigned to the top 100,000 most active Hubs, Total number of events the individual appeared in, Number of news articles that reference the Person, Senior Managing Director and Global Head of Tactical Opportunities, The Action Network is a sports media start-up that builds products and creates content to inform and entertain the sports bettor. VP Finance 2 emails found 1 phone number found . Just like at his day job, Blitzer is looking around corners to find new opportunities. Owning teams was something to look at and talk about among the affluent, subject to appreciate in value but not viewed as a year-over-year sensation. bolt ventures david blitzer He also . In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. 2022 Season Tickets can be purchased at . The reported 35% share in the squad once known as the Indians is said to include a path to eventual majority control. Luckily I was able to get together with Ryan Smith and his team. Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. Europe, Menlo Park, China), Where the person is located (e.g. JWS previously raised$3.5 millionin May 2021. Haley and her team have the vision and talent necessary to usher in a new era in sports media.. Prior to launching Tac Opps, Mr.Blitzerhad been involved in the execution of Blackstone investments across a variety of asset classes, including establishing and leading Blackstones European private equity business. He graduated from the Wharton School in 1991 and joined Blackstone Inc, where he serves as head of their Tactical Opportunities group. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. This investment means Gametime can rapidly accelerate our product development and can continue to help teams, leagues and artists rebound from a challenging few years. The acquisition gives Blitzer an ownership stake in five pro leagues: @NJDevils @sixers @CleGuardians @steelers @realsaltlake pic.twitter.com/YumRiZ3qmP. David Blitzer serves as a Director of United Biscuits and Jack Wolfskin. The business case for womens sports has never been clearer, and Just Womens Sports is positioned to be the leading media platform in the space, said New York Liberty owners Joe Tsai and Clara Wu Tsai. About Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. Boardroom is a media network that covers the business of sports, entertainment. Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . Mr.Blitzeris based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. ticketing revenue for music and sporting events alone could reach US, globally in 2022, a 142 per cent growth from five years ago and a 443 per cent increase over 2020 when the pandemic halted events for almost nine months, dropping industry revenue to just US. At the time of this writing, Blitzer owns stakes in a slew of high-profile professional sports franchises. JWS Founder and CEO Haley Rosen believes the additional funding is further proof that womens sports is entering a new era of investment and popularity, with JWS leading the way. Bolt Ventures is a family-owned venture capital firm which provides smart capital and pro-active hands-on support to fast-growing highly-scalable IT, Gaming & High Tech companies. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. The latter reduced their shares to enable Blitzer and his company to enter the market. Led by CEO Haley Rosen, Just Womens Sports is a media platform dedicated exclusively to womens sports working through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events. Sie hat nichts mit dem vorherigen Besitzer zu tun. Blitzer is a co-owner of several clubs in various sports. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. For FC Augsburg, the entry of Blitzer also brings one or two advantages. Harris Blitzer Sports & Entertainment Names David Gould Chief - NBA US investors Bolt, take leap into Belgian football with Waasland The Lippin Group for Just Womens Sports With ticket sales closer to the start of the game or concert skyrocketing in popularity, Gametime has defined the last minute category and is the brand of choice for answering the questions: whats up tonight?. As an adult, hes got his own team in Salt Lake and sits at the same tables as Earvin the Entrepreneur where pro sports are concerned. The Blitzer Family Foundations ongoing mission is to strengthen communities by assisting young people in reaching their full potential. pic.twitter.com/5bCNPBUI6d, We take pride in hiring the best and brightest talent from a variety of backgrounds and industries with the goal of shaping a well-rounded, dynamic organization, Blitzer toldNBC Sports. 76ers' Owner Josh Harris is Bouncing Back This Week. Switchboard:+1 (212) 583-5000. Find More Contacts for Bolt. Matt Biscuiti or Kevin Broderick David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. Marketing and sponsoring on the American market are difficult for small clubs like FCA to implement, but Blitzer and his company will open doors. Charismatic and curious, hes the type of guy youd love to talk to and clearly the type of person who listens. From the ways that athletes, executives, musicians and creators are moving the business world forward to new technologies, emerging leagues, and industry trends, Boardroom brings you all the news and insights you need to know At the forefront of industry change, Boardroom is committed to unique perspectives on and access to the news, trending topics and key players you need to know. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. However, the positions of the two Supervisory Board members will not be filled. David Abrams and Arne Rees have launched Velocity Capital Management, an investment fund focusing on the intersection of sports, media and entertainment. Naturally, much of this knowledge came from his day job at Blackstone. The same applies to the Bolt Group, which will in future consist of only three people: Chairman Stefan Frederking, Thilo Sautter and Jan-Ingwer Callsen-Bracker, a former FC Augsburg professional. Scott is a founding partner of Harkness Capital. Create your account and get enhanced access to all the latest stories. Since joining Blackstone in 1991, David Blitzer has been involved in the execution of Blackstones investments in Spirit Group. Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . Through Bolt Football Holdings, Blitzer is part-owner or full-owner of the English club Crystal Palace FC, German club FC Augsburg, Dutch club ADO Den Haag, and . It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. If the guy seems to be everywhere, thats because he is. Returning investors includeWill Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode GlobalandDrive by DraftKings.
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