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. The exchange with North American professional clubs around know-how is also an opportunity for the club. 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. 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 . Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares. Mr. Blitzer is based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. 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. 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. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. bolt ventures david blitzer. For press inquiries, contact [emailprotected]. Otherwise, we will assume you're OK to continue. Portfolio News Full Portfolio >> Tonal Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. 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. His acquisition of e-sports franchise Dignitas in 2016 was forward-thinking while this years leap into Major League Soccer makes one wonder just whats next for the global game in the US. According to Forbes, he purchased the Philadelphia 76ers for $280 million in 2011. 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 . 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. | News David S. Blitzer is a Senior Managing Director & Head of the Tactical Opportunities group. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. 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. Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. 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 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. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. He also leads the Tac Opps Investment Committee. David Scott Blitzer (born September 7, 1969) is an American private equity investor.He graduated from the Wharton School in 1991 and joined Blackstone Inc, where he serves as head of their Tactical Opportunities group.Blitzer is also the managing partner of Harris Blitzer Sports & Entertainment (HBSE), a sports and property management company he founded with Josh Harris that owns the . VP, VP, Finance. Headquarters Location 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. Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. The Daily Deal Newsletter, Just Womens Sports Raises $6M in Funding, Liteboxer Raises $20M in Series A Funding. 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 Blitzer may have a chance to change that. One keyword here is internationalization. By submitting this request, you consent to receive email from Blackstone. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. matt@lippingroup.com / kevin@lippingroup.com, Just Womens Sports PR 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. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. [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. Investment Principal Bolt Family Office Aug 2018 - Present4 years 9 months Greater New York City Area Family office focused on direct private investments. DavidBlitzeris the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management Committee. As Marc Rubinstein points out on the Beyond Buyouts Podcast, Blackstone has been savvy enough to diversify into real estate, hedge funds, corporate private equity, credit, and other alternative assets since starting in 1985. 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. 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. To date, Just Womens Sports has worked with more than 20 of the worlds biggest brands, including Nike, Puma, Under Armour, Heineken, Cisco and DICKs Sporting Goods. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. JWS previously raised $3.5 million in May 2021. The club got through the Corona crisis without any state aid, which is remarkable considering the 35 million euros in lost revenue. 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. Founded in 2012, Bolt Ventures is a venture capital firm based in So Paulo, Brazil. PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . 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. From its inception, the company has prioritized supporting and partnering with the athlete community. Mr. Blitzer is also Co-Managing Partner and Co-Chairman of Harris Blitzer Sports & Entertainment, which includes in its portfolio the Philadelphia 76ers, theNew Jersey Devils, leading venuePrudential Center in Newark, N.J., theGRAMMY Museum Experience Prudential Center, theDelaware Blue Coats, the Binghamton Devils, theSixers Innovation LabCrafted by Kimball, renowned esports franchise Dignitas and NBA 2K League Team, 76ers Gaming Club (GC). Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. He is based in New York, having established Blackstone's corporate private equity investment efforts in Europe. Switchboard:+1 (212) 583-5000. Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. The 52-year-old. 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. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. . The acquisition gives Blitzer an ownership stake in five pro leagues: @NJDevils @sixers @CleGuardians @steelers @realsaltlake pic.twitter.com/YumRiZ3qmP. He is also involved in the Tac Opps Investment Committee. The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. press@justwsports.com, Internet Explorer presents a security risk. We came together and decided to partner, do this and invest in Real Salt Lake.. 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. It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. Scott holds a B.S., cum laude, from The Wharton School of the University of Pennsylvania and has earned the Chartered Financial Analyst designation. In soccer, he has minority shares in Crystal Palace, a Premier League club in England. 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. September 16, 2020 12:29 PM EDT. [1] He graduated magna cum laude from the Wharton School of the University of Pennsylvania in 1991 and joined Blackstone Inc, where he currently serves as the head of their Tactical Opportunities group and a member of their management committee. Gametime said the investment will accelerate product development and expand its efforts to reach younger ticket buyers. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. 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 To receive email alerts from Blackstone, sign up below. [24][25][26], Blitzer founded the Blitzer Family Foundation in 2014, which promotes youth development through education, athletics, and health. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. 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. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. A trip to the USA was planned for the summer of 2020 as part of the preparations. Ross was convicted of extortion and sentenced to five years of probation under the condition that he get psychiatric and alcohol treatment and has no contact with his daughter Allison, Blitzer, their children, and Blackstone. 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. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. David Blitzer is a serious name to know in the business of sports. Biography. Much like the company he works for, Blitzer impresses with his reach and relationships. In 2021, Real Salt Lake had a 9-4-4 home record, set a new club mark for most consecutive home wins (seven), and advanced to the Western Conference Final. He graduated magna cum laude. Returning investors includeWill Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode GlobalandDrive by DraftKings. Europe, Menlo Park, China), Where the person is located (e.g. There are changes on the supervisory board of the KGaA surrounding FC Augsburg following Blitzers entry. Through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events, JWS is committed to making it both easy and fun to be a womens sports fan. With Josh Harris, Blitzer is also a partner in Harris. At the end of the day, you hire the best people at every position and you give them the room to do their jobs.. Find More Contacts for Bolt. Private equity investors from Switzerland. Two shareholders left the company completely: MAJA Vermgensverwaltungsgesellschaft and MHM Group. By Andrew Cohen 2.25.2020. Mr.Blitzeris based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. He graduated from Scotch Plains-Fanwood High School in 1987. Germany. Blue Pool Capital, David Blitzer's Bolt Ventures, Dapper Labs, Billie Jean King, and SC Holdings are among latest investors to back the women's sports platform June 09, 2022 12:30 PM Eastern . Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. The round was 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. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. When selecting investment candidates, Bolt Venture emphasizes, in addition to investment and return criteria, the potential of playing an active role as a shareholder and/or board member. In the following, you will find everything you need to know about the big deal in the Fuggerstadt. What is US investor David Blitzer doing with FC Augsburg? Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Just like at his day job, Blitzer is looking around corners to find new opportunities. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. He also . FCA is also seen as an ambitious and attractive club, which has attracted attention in the past with good business and a secure place in the Bundesliga. This is a question that only Blitzer himself can answer, but he has not yet commented on it. [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. For press inquiries, contact[emailprotected]. According to Forbes, the Sixers are now worth $2.5 billion. . phidsmith. [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. Blitzer, a U.S. citizen, grew up in Scotch Plains, New Jersey. 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. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. 76ers' Owner Josh Harris is Bouncing Back This Week. [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. Teams Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. 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. Charismatic and curious, hes the type of guy youd love to talk to and clearly the type of person who listens. Marketing and sponsoring on the American market are difficult for small clubs like FCA to implement, but Blitzer and his company will open doors. 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. bolt ventures david blitzer. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. 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. 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. Their latest investment was Venture Round - Athletes Unlimited on Sep 29, 2022, when Athletes Unlimited raised $30M. VP Finance 2 emails found 1 phone number found . Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. 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. 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. Meanwhile, the arrival of Blitzer does not represent a major change, as there is no change in the balance of power. The background to the deal is that Blitzer and Hofmann have known each other for around 20 years. The round was 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), David Scott Blitzer (born September 7, 1969) is an American private equity investor. American billionaire investor (born 1969), This article is about the private equity investor. The new investors join the Raine Group, Brett Jefferson Holdings, Creative Artists Agency (CAA), Bolt Ventures, Chernin Group, Harris Blitzer Sports Entertainment and Blum Capital, all of. Mr. Blitzer and his wife Allison reside in New York City with their five children. However, this was cancelled due to the Corona pandemic. Who is David Blitzer? By making the most of the media rights and scarcity value tied to professional sports, the kid who wanted to own the Sixers since he was seven is adding tangible value to teams in all arenas. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. Exits Number of Exits 3 David Blitzer has 3 exits. David Blitzer has made 11 investments. JWS has likewise tripled its total audience in the last year while growing its staff from four to 25. 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. Harris Blitzer Sports & Entertainment has named David Abrams its new head of investments. Today's investment is at a valuation exceeding $1B dollars. 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.. [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. Sold in early 2023 to the Sony. He joined the firm in 1991. . 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. | Terms & Conditions Each year it grows so dramatically.. However, the positions of the two Supervisory Board members will not be filled. David Shields. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. 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. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. His net worth was estimated by Forbes in April 2023 to be $1.9 billion. Blitzer is a co-owner of several clubs in various sports. For office-specific contact information, please visit our our offices page. 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. 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. I dont know what that means but my sense is therell be benefits.. JWS also has a growing line of exclusive merchandise which will expand in the coming months. Here are 10 facts about RSL's new lead investor. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. The Lippin Group for Just Womens Sports 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. We focus on data-driven companies across Europe with global ambition. Hes the first person with an equity stake in the five biggest US professional sports leagues. To date, the company has worked with more than 20 of the worlds biggest brands, including Nike, Puma, Under Armour, Heineken, Cisco and DICKs Sporting Goods. 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). 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.