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. Scott Krase. 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. 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. Scott previously worked at TSA Capital Management, where he was a portfolio manager responsible for global asset allocation. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. 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 . They join previous athlete investorsKelley OHara, Elena Delle Donne, Hilary Knight,Arike OgunbowaleandSam Mewis. [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. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, GRAMMY Museum Experience Prudential Center. [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. Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. 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. 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. Seitzstrae 8e [24][25][26], Blitzer founded the Blitzer Family Foundation in 2014, which promotes youth development through education, athletics, and health. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. 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. There is no indication yet as to whether Bolt is involved in the sale. bolt ventures david blitzer. BOLT VENTURES I LLC. Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. The latter reduced their shares to enable Blitzer and his company to enter the market. 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. 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. A link has been emailed to you - check your inbox. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. If the guy seems to be everywhere, thats because he is. Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. 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?. 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. 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. This is a question that only Blitzer himself can answer, but he has not yet commented on it. Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. [18][19], Blitzer is Jewish. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. 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 . Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. Find More Contacts for Bolt. While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. Hes an incredible husband, an incredible father and hes the smartest guy Ive ever been in a room with, Sixers and Devils CEO Scott ONeil told Wharton in 2019. #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). When you buy products through Boardroom's links, we may earn an affiliate commission. 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. The Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . 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. 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. To view recent press releases, click here. At the time of this writing, Blitzer owns stakes in a slew of high-profile professional sports franchises. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. 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. Blitzer may have a chance to change that. | News The Blitzer Family Foundations ongoing mission is to strengthen communities by assisting young people in reaching their full potential. He is based in New York, having established Blackstone's corporate private equity investment efforts in Europe. 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. Find Just Womens Sports online, subscribe to the newsletter, and follow on Instagram, TikTok, Twitter, Snapchat, and YouTube. 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. 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. 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. 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. | [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. 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. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. 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. What does the charging station company Ionity do. Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. 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. Blitzer, a U.S. citizen, grew up in Scotch Plains, New Jersey. 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. The firm prefers to invest in the e-commerce, mobile, and education sectors. 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. But I would never make an investment just for the fun side of the equation.. Diese Seite wurde im November 2021 erschaffen. David S. Blitzer is a Senior Managing Director & Head of the Tactical Opportunities group. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Today's investment is at a valuation exceeding $1B dollars. 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. 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. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. 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. He joined the firm in 1991. 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. Get on our list for weekly sports business, industry trends, interviews, and more. He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. The Blackstone Group 4 years 10 months. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. 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. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. About 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. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. In the following, you will find everything you need to know about the big deal in the Fuggerstadt. 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. 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). American billionaire investor (born 1969), This article is about the private equity investor. Hes standing at the podium, sitting through pressers, and walking on ice or hardwood, flanked by the likes of Allen Iverson and the late David Stern. So, how did his 1-of-1 portfolio of NBA, NFL, NHL, MLB, and MLS investments come to be? JWS has likewise tripled its total audience in the last year while growing its staff from four to 25. Blitzer is known for his investments in the Philadelphia 76ers, Pittsburgh Steelers, New Jersey Devils, Cleveland Guardians, and four professional soccer clubs. JWS previously raised$3.5 millionin May 2021. American soccer rarely makes headlines on SportsCenter, but only days into Blitzer steering the ship, it did. This has proven true. 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. The final reason for Blitzer might simply be his hobby of investing in various sports clubs in the U.S. and Europe. Subscribe to our newsletter to get the latest news when it matters most. Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. A group led by David Blitzer is purchasing Salt Lake Citys @MLS club, per @Sportico. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. 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. [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. Matt Biscuiti or Kevin Broderick David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. By selecting the relevant option, you certify that it accurately reflects your residency. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. His intentions, however, are quite obvious. 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. Naturally, much of this knowledge came from his day job at Blackstone. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. 80538 Mnchen Bolt is a pre-seed venture firm investing where the digital and physical world intersect. 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. 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. Copyright Bolt Ventures GmbH All Rights Reserved, Bolt Ventures GmbH New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. Just Womens Sports, a Los Angeles, CA-based media platform dedicated exclusively to womens sports, raised $6M in funding. The Daily Deal Newsletter, Just Womens Sports Raises $6M in Funding, Liteboxer Raises $20M in Series A Funding. Private equity investors from Switzerland. . New additions to its standout roster of athlete investors include the aforementioned King, Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul Rabil and Apolo Ohno, among others. A trip to the USA was planned for the summer of 2020 as part of the preparations. Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. Luckily I was able to get together with Ryan Smith and his team. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. The company's . In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization.
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