Switchboard: +1 (212) 583-5000. By Andrew Cohen 2.25.2020. At the end of the day, you hire the best people at every position and you give them the room to do their jobs.. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. 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 . This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. 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. 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. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. JWS also has a growing line of exclusive merchandise which will expand in the coming months. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. David Blitzer and Jeff Mallet become investors in latest round. 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. | News If the guy seems to be everywhere, thats because he is. This has proven true. American soccer rarely makes headlines on SportsCenter, but only days into Blitzer steering the ship, it did. 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. 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.. Two shareholders left the company completely: MAJA Vermgensverwaltungsgesellschaft and MHM Group. Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. Buzzer Raises $20M In Series A Financing - FinSMEs 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. 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. This is certainly also an important point for the club, which stands for tradition. On top of leading the Tac Opps team, he is also a member of Blackstones Management and Operating Committees. 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). Create your account and get enhanced access to all the latest stories. I dont know what that means but my sense is therell be benefits.. Otherwise, we will assume you're OK to continue. 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. Additionally, he is a General Partner of the Crystal Palace Football Club. Isaac Harrouche - Investment Principal - Bolt Family Office - LinkedIn David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. . JWS has likewise tripled its total audience in the last year while growing its staff from four to 25. Vention raised $95,000,000 / Series C from Bain Capital Ventures and 5 other investors . 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. Bolt - Crunchbase Investor Profile & Investments Haley and her team have the vision and talent necessary to usher in a new era in sports media.. Patriots owner Robert Kraft among investors in Premier - SportsPro 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 . According to Forbes, he purchased the Philadelphia 76ers for $280 million in 2011. David Blitzer - Blackstone David Blitzer serves as a Director of United Biscuits and Jack Wolfskin. 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. What is US investor David Blitzer doing with FC Augsburg? To receive email alerts from Blackstone, sign up below. Biography. Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares. Scott holds a B.S., cum laude, from The Wharton School of the University of Pennsylvania and has earned the Chartered Financial Analyst designation. David Blitzer Nearing Deal to Acquire Nearly 35% of MLB's Guardians His friendship with Hofmann should have given him good insights into the club. [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. 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. For press inquiries, contact[emailprotected]. Athletic Greens valued at $1.2B after bagging $115M to - TechCrunch 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. There is no indication yet as to whether Bolt is involved in the sale. Were thrilled to partner with them as they enter this next phase of growth.. There are changes on the supervisory board of the KGaA surrounding FC Augsburg following Blitzers entry. 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. September 16, 2020 12:29 PM EDT. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. | Advertise At the time of this writing, Blitzer owns stakes in a slew of high-profile professional sports franchises. 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. Just Women's Sports Raises $6 Million From New and Returning Investors Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. 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 latter reduced their shares to enable Blitzer and his company to enter the market. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. 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. 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 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. Europe, Menlo Park, China), Where the person is located (e.g. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. bolt ventures david blitzer. He graduated from Scotch Plains-Fanwood High School in 1987 and then studied at the University of Pennsylvania. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. 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. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. Michael Osherovitz, CPA - Managing Director & Head of - LinkedIn Billionaire Joe Tsai, Billie Jean King Back Just Women's Sports David Shields. Particularly in the USA, FCA has wanted to make its presence felt for some time. 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. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. We came together and decided to partner, do this and invest in Real Salt Lake.. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. 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. But what does Blitzer plan to do with FCA and how could the structures and approaches at the club now change? The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. From its inception, the company has prioritized supporting and partnering with the athlete community. 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. Last year, Abrams helped facilitate the merger between HBSE's Dignitas and Clutch Gaming to form a new esports . Each year it grows so dramatically.. Switchboard:+1 (212) 583-5000. 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. Boardroom is a media network that covers the business of sports, entertainment. Bolt - Investing at the intersection of the digital and physical world [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. 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. Blitzer, on the other hand, saw these franchises essentially as content companies and scarce assets. 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. PHILADELPHIA - SEPT. 16, 2020 - Harris Blitzer Sports & Entertainment (HBSE), a dynamic organization comprised of premier sports and entertainment . New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. 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. Since joining Blackstone in 1991, David Blitzer has been involved in the execution of Blackstones investments in Spirit Group. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Bolt Ventures Investor Profile: Portfolio & Exits | PitchBook Much like the company he works for, Blitzer impresses with his reach and relationships. 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. 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. The firm prefers to invest in the e-commerce, mobile, and education sectors. Owners of Golden State Warriors, Philadelphia 76ers and San Francisco Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. [18][19], Blitzer is Jewish. Private equity investors from Switzerland are also important in the global investment markets. He graduated from Scotch Plains-Fanwood High School in 1987. He is based in New York, having established Blackstone's corporate private equity investment efforts in Europe. Their latest investment was Venture Round - Athletes Unlimited on Sep 29, 2022, when Athletes Unlimited raised $30M. Already, Blitzer is being named as a contender to purchase a minority stake in the MLBs now-rebranded Cleveland Guardians. We are investors AND entrepreneurs: Bolt Ventures believes in businesses with strong and sustainable market positions and good long-term perspectives in which there is the opportunity to grow the business, either through acquisitions (buy & build) or organic growth. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. Scott is a founding partner of Harkness Capital. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. The club got through the Corona crisis without any state aid, which is remarkable considering the 35 million euros in lost revenue. A similar spike has been seen in his investment in the Devils, bought for $320 million in 2013 and now valued at $775 million. The company's . Scott Krase - Harkness Capital Partners Their most notable exits are The Action Network , Keemotion , and Beyond Sports. However, this was cancelled due to the Corona pandemic. Portfolio News Full Portfolio >> Tonal The funding round was led by Blue Pool Capital, Alibaba co-founder Joe Tsais family office. For press inquiries, contact [emailprotected]. 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. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. DavidBlitzeris the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management Committee. 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 . He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. 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. We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. 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. 1. The Daily Deal Newsletter, Just Womens Sports Raises $6M in Funding, Liteboxer Raises $20M in Series A Funding. Bolt is a pre-seed venture firm investing where the digital and physical world intersect. [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. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. When you buy products through Boardroom's links, we may earn an affiliate commission. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. Exits Number of Exits 3 David Blitzer has 3 exits. Language links are at the top of the page across from the title. Mr. Blitzer and his wife Allison reside in New York City with their five children. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. 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 Blitzer Profile: Contact Information & Network | PitchBook BOLT VENTURES I LLC. 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. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. 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. Gametime Secures $30M | citybiz Today's investment is at a valuation exceeding $1B dollars. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. 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. Gametime Lands $30M - VC News Daily 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. Kenneth M. Schneider, Partner | Paul, Weiss Athletic Greens Scoops Up $115M - VC News Daily 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. Blitzer, a U.S. citizen, grew up in Scotch Plains, New Jersey. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. By August of 2019 . About [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. | Contact 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.. This market just got larger in a sense that it can touch the UK, Germany, or some of those other soccer markets. press@justwsports.com, Internet Explorer presents a security risk. 2022 Season Tickets can be purchased at . For office-specific contact information, please visitour offices page. 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.

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