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. 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. 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. US investors Bolt, take leap into Belgian football with Waasland From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. . By Andrew Cohen 2.25.2020. The exchange with North American professional clubs around know-how is also an opportunity for the club. Who Is David Blitzer? See the Guardians Owner's Net Worth - Entrepreneur He graduated from Scotch Plains-Fanwood High School in 1987. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. 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. 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?. To receive email alerts from Blackstone, sign up below. The Lippin Group for Just Womens Sports With Josh Harris, Blitzer is also a partner in Harris. Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . However, the positions of the two Supervisory Board members will not be filled. Just like at his day job, Blitzer is looking around corners to find new opportunities. Bolt Ventures Portfolio Investments, Bolt Ventures Funds, Bolt Ventures Ian Stonebrook is a Staff Writer covering culture, sports, and fashion for Boardroom. 12/06/2022 . 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. 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). His net worth was estimated by Forbes in April 2023 to be $1.9 billion. [18][19], Blitzer is Jewish. 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. Bolt is a pre-seed venture firm investing where the digital and physical world intersect. [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. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. 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. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. 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. 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. Copyright Bolt Ventures GmbH All Rights Reserved, Bolt Ventures GmbH 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. The firms new AI Fund will invest in AI companies building machine learning models trained on large data sets. This market just got larger in a sense that it can touch the UK, Germany, or some of those other soccer markets. His friendship with Hofmann should have given him good insights into the club. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. 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. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. Kenneth M. Schneider, Partner | Paul, Weiss Patriots owner Robert Kraft among investors in Premier - SportsPro VP, VP, Finance. 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. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. David Blitzer Profile: Contact Information & Network | PitchBook Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. 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. Private equity investors from Switzerland are also important in the global investment markets. 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 There are changes on the supervisory board of the KGaA surrounding FC Augsburg following Blitzers entry. View contacts for Bolt to access new leads and . For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. Two shareholders left the company completely: MAJA Vermgensverwaltungsgesellschaft and MHM Group. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. | News Particularly in the USA, FCA has wanted to make its presence felt for some time. 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. With his Bolt Group, he is seizing every opportunity to generate more significance in the sport. This is certainly also an important point for the club, which stands for tradition. | Disclaimer 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. By August of 2019 . Harris Blitzer hires David Abrams to lead investment strategy 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. | Advertise [1] He serves on the Mount Sinai Hospital and Wharton School. 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 . Switchboard: +1 (212) 583-5000. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. 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. VP Finance 2 emails found 1 phone number found . By selecting the relevant option, you certify that it accurately reflects your residency. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Private equity investors from Switzerland. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. JWS also has a growing line of exclusive merchandise which will expand in the coming months. Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. 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 Blitzer serves as a Director of United Biscuits and Jack Wolfskin. Bolt - Investing at the intersection of the digital and physical world It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. 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. 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. Create your account and get enhanced access to all the latest stories. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. 2022 Season Tickets can be purchased at . The Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. 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. To view recent press releases, click here. 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. Language links are at the top of the page across from the title. David Blitzer & Smith Entertainment Group to Purchase Real Salt Lake Scott Krase. 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. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. Subscribe to our newsletter to get the latest news when it matters most. 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. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. We knew the on-field product was great, and that womens sports just needed better coverage and smarter marketing to truly break into the mainstream. Exits Number of Exits 3 David Blitzer has 3 exits. While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. 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. Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. The background to the deal is that Blitzer and Hofmann have known each other for around 20 years. | Terms & Conditions 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 . The Blackstone Group 4 years 10 months. Find Just Womens Sports online, subscribe to the newsletter, and follow on Instagram, TikTok, Twitter, Snapchat, and YouTube. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. 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. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. 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. 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 . Naturally, much of this knowledge came from his day job at Blackstone. 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), The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. He also worked in the mergers and acquisitions departments of Gleacher & Co. and Salomon Brothers. Seitzstrae 8e But I would never make an investment just for the fun side of the equation.. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. We focus on data-driven companies across Europe with global ambition. Just Women's Sports Raises $6 Million From New and Returning Investors At the end of the day, you hire the best people at every position and you give them the room to do their jobs.. [16] In 2022, Blitzer partnered with Ryan Smith to purchase Real Salt Lake of Major League Soccer. 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. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. 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. How David Blitzer Built it - Boardroom

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