A link has been emailed to you - check your inbox. [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. bolt ventures david blitzer. 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. This market just got larger in a sense that it can touch the UK, Germany, or some of those other soccer markets. Guy Oseary, Ashton Kutchers Sound Ventures Launches $240M AI Fund, Rooms You Cant Get Into: Klutch Athletics x New Balance VIP Brunch, JJ Watt, Kealia Watt Invest in Newly Promoted Premier League Club Burnley FC, Mat Ishbia on the Suns & Mercurys Huge Media Move, How TikTok Became the Home for the Rising Female Rappers of Gen Z. He graduated from Scotch Plains-Fanwood High School in 1987. David Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management Committee. If the guy seems to be everywhere, thats because he is. Scott holds a B.S., cum laude, from The Wharton School of the University of Pennsylvania and has earned the Chartered Financial Analyst designation. Ian spends all his free time hooping and he's heard on multiple occasions that Drake and Nas have read his work, so that's pretty tight. Share this article - PR Newswire Founded by European and Brazilian entrepreneurs and investment specialists from several countries, the team has extensive knowledge of building and mentoring start-up businesses as we as in seed and angel investments, having managed Mountain do Brasil Investments SCA for the last 2 years out of Sao Paulo. Two shareholders left the company completely: MAJA Vermgensverwaltungsgesellschaft and MHM Group. Enjoying SportsPro content? There are changes on the supervisory board of the KGaA surrounding FC Augsburg following Blitzers entry. For press inquiries, contact [emailprotected]. In addition to Alpha Wave Ventures, today's investment includes participation from new investor Mark Vadon, as well as returning investors SC.Holdings, David Blitzer's family office Bolt Ventures and Dr. Peter Attia. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. The round also included Golden State Warriors owner John Burbank, as well as Nimble Partners, Maven Ventures, Accel, GV, Bolt Ventures, Tenere Capital, Blitscaling Ventures, Next Play Capital, Alumni Ventures, University Growth Fund, Palapa Ventures and numerous influential individual investors. Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. HBSE provides a unique opportunity to harness the power of our talented management team and our shared resources to fuel growth and expansion, and a means to accelerate and sustain long-term success.. While the global game has long lived in the US as a commonly played sport, the viewership of the MLS does not compare historically to that of the NFL, NBA, or major overseas leagues. David Abrams, who has three decades of experienced in investment banking and private equity, will fill the new position at Harris Blitzer Sports & Entertainment (HSBE). Shortly after acquiring Real Salt Lake and making those statements, the franchise made the news on major media outlets by signing the youngest homegrown player in MLS history in Axel Kei. With his Bolt Group, he is seizing every opportunity to generate more significance in the sport. David Blitzer - Blackstone Mr.Blitzeris based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. 10 things to know about Real Salt Lake's new owner David Blitzer Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. The company's filing status is listed as Active and its File Number is 5715498. 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. 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. Boardroom is a media network that covers the business of sports, entertainment. The acquisition gives Blitzer an ownership stake in five pro leagues: @NJDevils @sixers @CleGuardians @steelers @realsaltlake pic.twitter.com/YumRiZ3qmP. Matt Biscuiti or Kevin Broderick 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. Biography. He is also involved in the Tac Opps Investment Committee. Who Is David Blitzer? See the Guardians Owner's Net Worth - Entrepreneur Tac Opps is Blackstones opportunistic investment business which invests globally across asset classes and industries to generate attractive risk-adjusted returns in any market environment. Upon graduation, he accepted a position with the Blackstone Group in 1991 and became a Senior Managing Director & Head of Tactical Opportunities in the Ney York City metropolitan area. This means a lot when considering the rebrand going on with one of baseballs oldest franchises and the future of the sport as it continues to connect with a younger audience. press@justwsports.com, Internet Explorer presents a security risk. Subscribe to our newsletter to get the latest news when it matters most. For office-specific contact information, please visitour offices page. The latter reduced their shares to enable Blitzer and his company to enter the market. Diese Seite wurde im November 2021 erschaffen. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. JWS has likewise tripled its total audience in the last year while growing its staff from four to 25. Just Women's Sports Raises $6 Million From New and Returning Investors The firm prefers to invest in the e-commerce, mobile, and education sectors. 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. 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. [17] He purchased a 25 percent stake of the MLB's Cleveland Guardians later that year, with an option to purchase majority ownership after six years. Individual Investors & Financial Advisors. Europe, Menlo Park, China), Where the person is located (e.g. From a recent column by Pablo Maurer and Sam Stejskal: In addition to co-owning the NBA's Sixers and the NHL's Devils, Blitzer holds a stake in Premier League club Crystal Palace, German Bundesliga side FC Augsburg, Belgian first-division team Waasland-Beveren and Dutch club ADO Den Haag through his company Bolt Football Holdings. It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. Mr. David Blitzer serves as Global Head of Tactical Opportunities Group and Member of the Management Committee at Blackstone. If you are having problems using this website, including problems accessing any portion of this site using screen reader technology, please call 215-952-7000 or email 76ersservice@76ers.com for assistance. David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. bolt ventures david blitzer. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. The Blitzer Family Foundations ongoing mission is to strengthen communities by assisting young people in reaching their full potential. The 52-year-old. 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. 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. This is perhaps best seen by the Sixers hire of longtime Rockets front office boss Daryl Morey as President of Basketball Operations, though its said these same approaches will be taken in some form or fashion to his investments in hockey, esports, and soccer. |
Bolt is a pre-seed venture firm investing where the digital and physical world intersect. Harris Blitzer Sports & Entertainment - Wikipedia David S. Blitzer is a Senior Managing Director & Head of the Tactical Opportunities group. phidsmith. Their most notable exits are The Action Network , Keemotion , and Beyond Sports. Because of this, Blitzer is ahead of the curve in regard to implementing data and analytics into his sports enterprises the same way he makes the most of numbers and trends at Blackstone. The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. Best believe that if Blitzer buys in, he has a plan. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. Private equity investors from Switzerland. [18][19], Blitzer is Jewish. Switchboard:+1 (212) 583-5000. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. 1991:Graduated magna cum laude from Penns Wharton School of Business1991:Started at Blackstone2001:Moved to England to build Blackstones European private equity business2007:Blackstone goes public2011:Blitzer returned to the United States2011:Purchased Philadelphia 76ers as member of investment group2013:Purchased majority stake in New Jersey Devils2014:Founded Blitzer Family Foundation with wife Allison to support youth development2014:Purchased 50% interest in New York Yankees AAA affiliate Scranton/Wilkes-Barre RailRiders with David Abrams2015:Took controlling stake in London soccer club Crystal Palace FC with Joshua Harris and Steve Parish2016:Purchased esports organization Dignitas with Joshua Harris2017:Formed Harris Blitzer Sports & Entertainment2018:Formed Elevate Sports Ventures in partnership with CAA and the San Francisco 49ers2020: Blitzer and Harris acquire minority stake in the Pittsburgh Steelers2022:Became co-owner of Real Salt Lake with Ryan Smith. He is the global head of tactical opportunities at the Blackstone Group, an investment company with hundreds of billions of dollars tied up in . Sold in early 2023 to the Sony. PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . David Blitzer Reportedly Acquiring Stake in Another Mediocre Sports Particularly in the USA, FCA has wanted to make its presence felt for some time. He is also involved in the Tac Opps Investment Committee. He joined the firm in 1991. For office-specific contact information, please visit our our offices page. Things are generally rather quiet at FC Augsburg but then the latest news has generated nationwide interest in the world of soccer: David Blitzer, an investor from the USA, is joining the club, which plays in the Bundesliga. A good investment for the future. [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. Jeff Mallett, principal partner of the San Francisco Giants and chairman and co-owner of the Vancouver Whitecaps, added:Gametime makes it extraordinarily fast and easy to connect fans with events. [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. Kenneth M. Schneider, Partner | Paul, Weiss Bolt is a pre-seed venture firm investing in companies leveraging unique technology and valuable data sets to reimagine products, systems, and experiences across the economy. Isaac Harrouche - Investment Principal - Bolt Family Office - LinkedIn 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. David Blitzer: Philadelphia 76ers Co-Owner & Co-Managing Partner Founded in 2012, Bolt Ventures is a venture capital firm based in So Paulo, Brazil. Bolt Ventures Portfolio Investments, Bolt Ventures Funds, Bolt Ventures Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. Their latest investment was Venture Round - Athletes Unlimited on Sep 29, 2022, when Athletes Unlimited raised $30M. From its inception, the company has prioritized supporting and partnering with the athlete community. Mr. Krase co-founded each of the funds, was a member of the firms investment committee and has served as a lead participant on numerous creditor committees. David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. 76ers' Owner Josh Harris is Bouncing Back This Week. The professional division of the Fuggerstdter, which has been playing in the top German league for 10 years despite a mostly rather low budget has been spun off into this company.Bolt Football Holdings has now joined Hofmanns GmbH as a shareholder. Established in 2020, Just Womens Sports Inc. (JWS) is the leading media platform dedicated exclusively to womens sports. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. September 16, 2020 12:29 PM EDT. By August of 2019 . A trip to the USA was planned for the summer of 2020 as part of the preparations. However, his consistent work with Apollo Global Management Co-Founder Joshua Harris led the two partners to form Harris Blitzer Sports & Entertainment, for which Blitz serves as Co-Managing Partner and Co-Chairman. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. 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. But I would never make an investment just for the fun side of the equation.. Vention raised $95,000,000 / Series C from Bain Capital Ventures and 5 other investors . Meanwhile, the arrival of Blitzer does not represent a major change, as there is no change in the balance of power. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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 . This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . David Blitzer is based in New York, having established Blackstones corporate private equity investment efforts in Europe. Buzzer Raises $20M In Series A Financing - FinSMEs Like we see from prime movers in any industry, the man they call Blitz spent years sharpening his skills, developing his expertise, and indulging his curiosity throughout the course of his ascent. Scott Krase. Here are 10 facts about RSL's new lead investor. David Blitzer - Wikipedia [4][5] Other notable members of the investment group were Art Wrubel, Jason Levien, Adam Aron, Martin J. Geller, David B. Heller, James Lassiter, Marc J. Leder, Michael G. Rubin, Will Smith, Jada Pinkett Smith, and Erick Thohir. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. He also worked in the mergers and acquisitions departments of Gleacher & Co. and Salomon Brothers. Scott previously worked at TSA Capital Management, where he was a portfolio manager responsible for global asset allocation. JWS also has a growing line of exclusive merchandise which will expand in the coming months. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. JWS previously raised$3.5 millionin May 2021. HBSE owns the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and esports organization Dignitas. Germany. Who are David Blitzer and Arctos Sports, reported new owners of - MSN [16] In 2022, Blitzer partnered with Ryan Smith to purchase Real Salt Lake of Major League Soccer. David Blitzer has made 11 investments. However, the positions of the two Supervisory Board members will not be filled. 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. Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. The round is led by Nimble Partners (including Golden State Warriors owner John Burbank), with additional investment by Maven Ventures, Accel, GV, Jeff Mallett (San Francisco Giants principal partner and Vancouver Whitecaps chairman and co-owner), Palapa Ventures, Bolt Ventures (David Blitzer, owner of Philadelphia 76ers and New Jersey Devils), Tenere Capital, Blitzscaling Ventures, Next Play . Prior to launching Tac Opps, Mr. Blitzer had been involved in the execution of Blackstone investments across a variety of asset classes, including establishing and leading Blackstones European private equity business. Find More Contacts for Bolt. Were in a golden age of live entertainment as pent-up demand from the pandemic is fuelling record growth for attendance at sporting events, concerts and shows, says Brad Griffith, chief executive of Gametime. 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. We are independently minded and lead the first round of financing in over 90% of our investments. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. 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 background to the deal is that Blitzer and Hofmann have known each other for around 20 years. 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. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. [2][3], In 2011, Blitzer joined an investment group led by Josh Harris that purchased the Philadelphia 76ers of the National Basketball Association (NBA) for US$280 million. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. By selecting the relevant option, you certify that it accurately reflects your residency. For FC Augsburg, the entry of Blitzer also brings one or two advantages. 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. He also . . 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. The company's . . Contact Information Website www.boltventures.com.br Formerly Known As Mountain of Brazil Year Founded 2012 Investor Status Actively Seeking New Investments Primary Investor Type Teams The Tac Opps team invests all around the world in varying industries and asset classes, finding and executing on an array of investment opportunities, as the name suggests. He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. 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. Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. Blitzer may have a chance to change that. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. In addition to the Philadelphia 76ers and New Jersey Devils, the company also owns the NBA G League's Delaware Blue Coats, the American Hockey League's Utica Comets, esports team Dignitas of New Meta Entertainment,[13][14] sports tech venture capital firm HBSE Ventures,[15] and marketing, hospitality, and event ticketing company Elevate Sports Ventures. During that decade, he had the ability to connect with his chosen high school sport soccer planting the seeds to own association footballl clubs in his future. This has proven true. About
Heres a timeline of some of the key moments and moves that made Blitz one of the most respected players in the worlds of sports, business, and entertainment. The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. Tac Opps is Blackstones opportunistic investment business which invests globally across asset classes and industries and seeks to identify and execute on attractive, differentiated investment opportunities. | Disclaimer
From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. Patriots owner Robert Kraft among investors in Premier - SportsPro Founded by CEO Haley Rosen, the company has raised $10 million to date from a diverse set of institutional and angel investors, as well as some of the worlds most prominent female athletes. JWS first quarter revenue in 2022 was 4x its revenue from Q1 2021, and the company is on pace to triple its Q1 2022 revenue in Q2. Blitzer is known for his investments in the Philadelphia 76ers, Pittsburgh Steelers, New Jersey Devils, Cleveland Guardians, and four professional soccer clubs. Athletic Greens valued at $1.2B after bagging $115M to - TechCrunch The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. Hes the first person with an equity stake in the five biggest US professional sports leagues. David Blitzer didnt become a success overnight. In the following, you will find everything you need to know about the big deal in the Fuggerstadt. [8] In 2014, Blitzer partnered led a investment group that purchased a 50% stake in the Scranton/Wilkes-Barre RailRiders, the Triple-A affiliate of the New York Yankees of Major League Baseball (MLB);[9][10] In 2015, Blitzer bought an 18% stake in Crystal Palace F.C. VP, VP, Finance. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. 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. Haley and her team have the vision and talent necessary to usher in a new era in sports media.. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. We came together and decided to partner, do this and invest in Real Salt Lake.. We are investors AND entrepreneurs: Bolt Ventures believes in businesses with strong and sustainable market positions and good long-term perspectives in which there is the opportunity to grow the business, either through acquisitions (buy & build) or organic growth. What is US investor David Blitzer doing with FC Augsburg? This is certainly also an important point for the club, which stands for tradition. Needless to say, the future of Major League Soccer will be assisted by proven leadership as Blitzer recently teamed up with Utah Jazz governor Ryan Smith to become co-owners of Real Salt Lake. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. 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 Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. Blitzer is a co-owner of several clubs in various sports. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company.
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