bolt ventures david blitzer bolt ventures david blitzer

He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. The company's . 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. Investment Principal Bolt Family Office Aug 2018 - Present4 years 9 months Greater New York City Area Family office focused on direct private investments. Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. [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. Diese Seite wurde im November 2021 erschaffen. Scott Krase. The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. 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. 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. David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. 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. For FC Augsburg, the entry of Blitzer also brings one or two advantages. JWS has likewise tripled its total audience in the last year while growing its staff from four to 25. 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, 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. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . David Blitzer and Jeff Mallet become investors in latest round. The company's filing status is listed as Active and its File Number is 5715498. It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. 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. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. 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. Headquarters Location Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . For press inquiries, contact[emailprotected]. Just Womens Sports original programming includes a series of athlete-hosted podcasts and video series, as well as social media, a website, a newsletter and live events. The Blackstone Group 4 years 10 months. Germany. Already, Blitzer is being named as a contender to purchase a minority stake in the MLBs now-rebranded Cleveland Guardians. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. Just like at his day job, Blitzer is looking around corners to find new opportunities. 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. He joined the firm in 1991. What is the story of the payment company Worldline? 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. Subscribe to our newsletter to get the latest news when it matters most. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. Teams Each year it grows so dramatically.. . In soccer, he has minority shares in Crystal Palace, a Premier League club in England. Find More Contacts for Bolt. Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. | Advertise JWS previously raised $3.5 million in May 2021. 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. This is certainly also an important point for the club, which stands for tradition. 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. 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. [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. He graduated from Scotch Plains-Fanwood High School in 1987 and then studied at 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. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. View contacts for Bolt to access new leads and . By selecting the relevant option, you certify that it accurately reflects your residency. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. For the economist, see, Wharton School of the University of Pennsylvania, "NJ Devils Co-Owner David Blitzer Will Return to Scotch Plains-Fanwood High School for Hall of Fame Induction", Blackstone Group: Our People - David Blitzer, "In Their Own Words With Blackstone Group's David Blitzer", "Sale of 76ers to Joshua Harris finished", "Those who know him say Joshua Harris, soon-to-be Sixers owner, lives for competition and success", "Group led by Joshua Harris completes purchase of Sixers - 10/18/2011", "Devils announce sale of team to billionaire Josh Harris", "Mandalay Announces Pending Sale of Ownership Interest in RailRiders", "RailRiders Unveil Members of Local Ownership", "Sixers owner Josh Harris buys into Crystal Palace soccer club", "Crystal Palace: Deal agreed with US investors Harris and Blitzer", "David Abrams Named Head of Investments at Harris Blitzer Sports & Entertainment", "HBSE flexing its financial muscle thanks to appointment of head of investments", "76ers owners appoint investment chief for esports and other ventures", "San Francisco 49ers, HBSE and CAA team up to create Elevate Sports Ventures - SportsPro Media", "David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake", "Blitzer purchases 25% stake in Guardians", "Cleveland Guardians reach agreement with David Blitzer-led investment group for minority stake in club", The Evening Standard: "$11M Family Feud Rocks Private Equity World; at Loggerheads: Stuart Ross, above Left with His Attorney, Stuart Jackson, and His Son-in-Law, David Blitzer, Far Right", "Private Equity Princes Reach Deal for 76ers", "Meet Our Speakers: Josh Harris and David Blitzer", Wall Street Journal: "New Tack in Extortion Case - Blackstone Executive Now Being Sued by His Father-in-Law's Former Attorney", New York Post: "Importer of 'Smurfs' takes plea in wacky $11.5million Blackstone Group extortion case" By LAURA ITALIANO, Bloomberg: "Father-in-Law of Blackstone Director Blitzer Faces July 26 Extortion Trial" By Karen Freifeld, Hillel Organization: "2012 Annual report", "Most Influential: Dealmakers & Disrupters", Major League Soccer principal owners by team, https://en.wikipedia.org/w/index.php?title=David_Blitzer&oldid=1151862160, American chief executives of professional sports organizations, Chairmen and investors of football clubs in England, Chairmen and investors of soccer clubs in the United States, Sportspeople from Union County, New Jersey, Wharton School of the University of Pennsylvania alumni, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 April 2023, at 18:25. He graduated from Scotch Plains-Fanwood High School in 1987. On the fan side, its one of the most important times in history to make it easier for people to connect with friends, families and communities.. We are independently minded and lead the first round of financing in over 90% of our investments. 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 Philadelphia 76ers of the National Basketball Association and New Jersey Devils of the National Hockey League, among other brands and properties. 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. 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. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. matt@lippingroup.com / kevin@lippingroup.com, Just Womens Sports PR Private equity investors from Switzerland. The Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. A trip to the USA was planned for the summer of 2020 as part of the preparations. By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. 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. [1] He serves on the Mount Sinai Hospital and Wharton School. 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. To view recent press releases,click here. His friendship with Hofmann should have given him good insights into the club. 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. Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. When you buy products through Boardroom's links, we may earn an affiliate commission. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Boardroom is a media network that covers the business of sports, entertainment. The reported 35% share in the squad once known as the Indians is said to include a path to eventual majority control. By submitting this request, you consent to receive email from Blackstone. The firms new AI Fund will invest in AI companies building machine learning models trained on large data sets. David Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management Committee. 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. HBSE owns the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and esports organization Dignitas. Mr. Blitzer is based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. The University of Pennsylvanias Wharton School, the graduate program from which Blitz graduated magna cum laude in 1991, is renowned for shaping some of the most brilliant minds in business. In the following, you will find everything you need to know about the big deal in the Fuggerstadt. 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. New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. 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 . Naturally, much of this knowledge came from his day job at Blackstone. | Contact 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. 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). 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. The firm prefers to invest in the e-commerce, mobile, and education sectors. bolt ventures david blitzer. 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. 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. 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. The exchange with North American professional clubs around know-how is also an opportunity for the club. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. 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. 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. David S. Blitzer is a Senior Managing Director & Head of the Tactical Opportunities group. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. The company intends to use the funds to continue to expand operations, content offerings and business reach. Biography. Copyright Bolt Ventures GmbH All Rights Reserved, Bolt Ventures GmbH Scott is a founding partner of Harkness Capital. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. Two shareholders left the company completely: MAJA Vermgensverwaltungsgesellschaft and MHM Group. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. 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. 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. 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. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. Gametime said the investment will accelerate product development and expand its efforts to reach younger ticket buyers. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. 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. For office-specific contact information, please visit our our offices page. BOLT VENTURES I LLC. This market just got larger in a sense that it can touch the UK, Germany, or some of those other soccer markets. Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. 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?. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board.