He is also involved in the Tac Opps Investment Committee. In soccer, he has minority shares in Crystal Palace, a Premier League club in England. David Shields. David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. Established in 2020, Just Womens Sports Inc. (JWS) is the leading media platform dedicated exclusively to womens sports. 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. Harris Blitzer Sports & Entertainment has named David Abrams its new head of investments. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. Blackstone, established only six years prior to his arrival, proved fertile ground for Blitzers business acumen to flourish. 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. He is the global head of tactical opportunities at the Blackstone Group, an investment company with hundreds of billions of dollars tied up in . BOLT VENTURES I LLC in Saratoga Springs, NY - Bizapedia As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. A link has been emailed to you - check your inbox. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. Since joining Blackstone in 1991, David Blitzer has been involved in the execution of Blackstones investments in Spirit Group. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. According to Forbes, he purchased the Philadelphia 76ers for $280 million in 2011. What is US investor David Blitzer doing with FC Augsburg? Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. David Blitzer didnt become a success overnight. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. VP, VP, Finance. . 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. phidsmith. The reported 35% share in the squad once known as the Indians is said to include a path to eventual majority control. David Blitzer is based in New York, having established Blackstones corporate private equity investment efforts in Europe. I was one of those fake or failed athletes growing up, but I was a massive, massive sports fan as a little kid and all the way until today, Blitzer told his alma mater. [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. 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. 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 . Matt Biscuiti or Kevin Broderick The Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. Michael Osherovitz, CPA - Managing Director & Head of - LinkedIn Mr. David Blitzer serves as Global Head of Tactical Opportunities Group and Member of the Management Committee at Blackstone. Ian Stonebrook is a Staff Writer covering culture, sports, and fashion for Boardroom. David Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management Committee. Athletic Greens Raises $115M From Alpha Wave Ventures and Strategic David Blitzer Nearing Deal to Acquire Nearly 35% of MLB's Guardians We came together and decided to partner, do this and invest in Real Salt Lake.. 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. 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 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. I dont know what that means but my sense is therell be benefits.. Luckily I was able to get together with Ryan Smith and his team. Buzzer Raises $20M In Series A Financing - FinSMEs Blitzer is a co-owner of several clubs in various sports. Mr. Blitzer and his wife Allison reside in New York City with their five children. Gametime Secures $30M in Funding - FinSMEs Forever a fan, always a lifelong learner, Blitzer will continue to take the lessons learned from his wins and losses to emerging markets and new arenas. Additionally, he is a General Partner of the Crystal Palace Football Club. Bolt Ventures Portfolio Investments, Bolt Ventures Funds, Bolt Ventures Just Women's Sports Raises $6 Million From New and Returning Investors One keyword here is internationalization. Blitzer is also the co-owner of Real Salt Lake of Major League Soccer and a minority owner of the Cleveland Guardians of Major League Baseball. David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. 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. Athletic Greens valued at $1.2B after bagging $115M to - TechCrunch Who is David Blitzer? He joined the firm in 1991. [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. Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. Mr.Blitzercurrently serves on the Boards of Dream, a youth development organization servicing over 2,200 inner city children, and 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. Switchboard: +1 (212) 583-5000. Scott is a founding partner of Harkness Capital. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. [20][22] His net worth was estimated by Forbes to be $1.9 billion in April 2023. Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. 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. In the following, you will find everything you need to know about the big deal in the Fuggerstadt. View contacts for Bolt to access new leads and . The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. We are independently minded and lead the first round of financing in over 90% of our investments. Scott Krase. 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. Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . 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. For press inquiries, contact [emailprotected]. 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. VP Finance 2 emails found 1 phone number found . Harris Blitzer Sports & Entertainment Names David Gould Chief - NBA Were thrilled to partner with them as they enter this next phase of growth.. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. 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. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. Scott previously worked at TSA Capital Management, where he was a portfolio manager responsible for global asset allocation. 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. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. There is no indication yet as to whether Bolt is involved in the sale. Diese Seite wurde im November 2021 erschaffen. 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. On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. 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. The Blackstone Group 4 years 10 months. The company intends to use the funds to continue to expand operations, content offerings and business reach. Gametime Lands $30M - VC News Daily of the Premier League. The same applies to the Bolt Group, which will in future consist of only three people: Chairman Stefan Frederking, Thilo Sautter and Jan-Ingwer Callsen-Bracker, a former FC Augsburg professional. Portfolio News Full Portfolio >> Tonal David Blitzer - Senior Managing Director and Global Head of Tactical US investors Bolt, take leap into Belgian football with Waasland The firms new AI Fund will invest in AI companies building machine learning models trained on large data sets. David Blitzer serves as a Director of United Biscuits and Jack Wolfskin. 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. 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. PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . JWS previously raised$3.5 millionin May 2021. 10 things to know about Real Salt Lake's new owner David Blitzer 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. [16] In 2022, Blitzer partnered with Ryan Smith to purchase Real Salt Lake of Major League Soccer. Find Just Womens Sports online, subscribe to the newsletter, and follow on Instagram, TikTok, Twitter, Snapchat, and YouTube. Scott Krase - Harkness Capital Partners Much like the company he works for, Blitzer impresses with his reach and relationships. Exits Number of Exits 3 David Blitzer has 3 exits. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. 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 About
David Blitzer Profile: Contact Information & Network | PitchBook 2022 Season Tickets can be purchased at . Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. 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. [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. 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. Added Billie Jean King, Just Womens Sports is building on the foundation of earlier pioneers by creating a media platform that celebrates and elevates the incredible athletes and stories in womens sports. The Lippin Group for Just Womens Sports Their most notable exits are The Action Network , Keemotion , and Beyond Sports. 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. What does the charging station company Ionity do. Owners of Golden State Warriors, Philadelphia 76ers and San Francisco September 16, 2020 12:29 PM EDT. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. 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. He also leads the Tac Opps Investment Committee. Biography. To view recent press releases, click here. 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. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. Today's investment is at a valuation exceeding $1B dollars. He graduated magna cum laude. Mr. Blitzer is based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. [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. So, how did his 1-of-1 portfolio of NBA, NFL, NHL, MLB, and MLS investments come to be? Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. 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. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . 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. Meanwhile, the arrival of Blitzer does not represent a major change, as there is no change in the balance of power. The exchange with North American professional clubs around know-how is also an opportunity for the club. 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. Bolt is a pre-seed venture firm investing where the digital and physical world intersect. 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. 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. Founded in 2012, Bolt Ventures is a venture capital firm based in So Paulo, Brazil. The acquisition gives Blitzer an ownership stake in five pro leagues: @NJDevils @sixers @CleGuardians @steelers @realsaltlake pic.twitter.com/YumRiZ3qmP. David Blitzer - Wikipedia 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. However, the positions of the two Supervisory Board members will not be filled. David Blitzer and Jeff Mallet become investors in latest round. 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. David Scott Blitzer (born September 7, 1969) is an American private equity investor. 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). 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 club got through the Corona crisis without any state aid, which is remarkable considering the 35 million euros in lost revenue. 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. By submitting this request, you consent to receive email from Blackstone. 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. Your favorite athletes favorite agent, Sign up for Boardrooms newsletters to get the biggest stories in the business of sports, entertainment, and culture directly in your inbox daily. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. He joined the firm in 1991. Individual Investors & Financial Advisors. 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. For office-specific contact information, please visit our our offices page. JWS previously raised $3.5 million in May 2021. There are changes on the supervisory board of the KGaA surrounding FC Augsburg following Blitzers entry. Player engagement with their global fan base has absolutely exploded in the age of social media, Blitzer told Bloomberg Businessweek at the NBA Tech Summit in 2019. If the guy seems to be everywhere, thats because he is. bolt ventures david blitzer. According to Statista, ticketing revenue for music and sporting events alone could reach US$54 billion 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$12 billion. Gametime Secures $30M | citybiz 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]. 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. The firm prefers to invest in the e-commerce, mobile, and education sectors. What is US investor David Blitzer doing with FC Augsburg? 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. Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. 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. 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. But what does Blitzer plan to do with FCA and how could the structures and approaches at the club now change? Two shareholders left the company completely: MAJA Vermgensverwaltungsgesellschaft and MHM Group. Mr.Blitzeris based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president.