Just Women's Sports Raises $6 Million From New and Returning Investors If the guy seems to be everywhere, thats because he is. . 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. David Blitzer and Jeff Mallet become investors in latest round. Much like the company he works for, Blitzer impresses with his reach and relationships. 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.. Mr.Blitzeris based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. 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. Headquarters Location Portions of this site are directed only to persons in certain jurisdictions. So, how did his 1-of-1 portfolio of NBA, NFL, NHL, MLB, and MLS investments come to be? [1] He serves on the Mount Sinai Hospital and Wharton School. Mr. David Blitzer serves as Global Head of Tactical Opportunities Group and Member of the Management Committee at Blackstone. From a recent column by Pablo Maurer and Sam Stejskal: In addition to co-owning the NBA's Sixers and the NHL's Devils, Blitzer holds a stake in Premier League club Crystal Palace, German Bundesliga side FC Augsburg, Belgian first-division team Waasland-Beveren and Dutch club ADO Den Haag through his company Bolt Football Holdings. We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. While the Real Salt Lake acquisition was said to have happened pretty quick, the tale of the tape shows Blizs long and steady ascent. 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. | Contact Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares. Language links are at the top of the page across from the title. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . Ian Stonebrook is a Staff Writer covering culture, sports, and fashion for Boardroom. | Disclaimer Who are David Blitzer and Arctos Sports, reported new owners of - MSN Scott is a founding partner of Harkness Capital. Harris Blitzer Vet Abrams, Sportradar's Rees Launch Sports Fund Particularly in the USA, FCA has wanted to make its presence felt for some time. 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. Tac Opps is Blackstones opportunistic investment business which invests globally across asset classes and industries to generate attractive risk-adjusted returns in any market environment. 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. With his Bolt Group, he is seizing every opportunity to generate more significance in the sport. Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. How David Blitzer Built it - Boardroom US investors Bolt, take leap into Belgian football with Waasland 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. View contacts for Bolt to access new leads and . What does the charging station company Ionity do. Scott Krase. Bolt includes on its ownership board Jahm Najafi and Jeff Moorad. Blitzer may have a chance to change that. 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. VP Finance 2 emails found 1 phone number found . Blitzer, on the other hand, saw these franchises essentially as content companies and scarce assets. 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. The Daily Deal Newsletter, Just Womens Sports Raises $6M in Funding, Liteboxer Raises $20M in Series A Funding. A similar spike has been seen in his investment in the Devils, bought for $320 million in 2013 and now valued at $775 million. Sie hat nichts mit dem vorherigen Besitzer zu tun. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. Bolt - Investing at the intersection of the digital and physical world New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. 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. 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. 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. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. Bolt - Crunchbase Investor Profile & Investments 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. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. Jeffrey Saunders - Founder - 10khours | LinkedIn David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. In Belgium, first division club Waasland-Beveren has been 97 percent owned by the Bolt Group since September 2020. A trip to the USA was planned for the summer of 2020 as part of the preparations. 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. We are independently minded and lead the first round of financing in over 90% of our investments. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. David Blitzer is a serious name to know in the business of sports. American billionaire investor (born 1969), This article is about the private equity investor. Biography. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. American soccer rarely makes headlines on SportsCenter, but only days into Blitzer steering the ship, it did. David Blitzer has made 11 investments. The latter reduced their shares to enable Blitzer and his company to enter the market. The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. Enjoying SportsPro content? Gametime said the investment will accelerate product development and expand its efforts to reach younger ticket buyers. Bolt is a pre-seed venture firm investing where the digital and physical world intersect. This was clearly the market that I wanted to make an investment in, Blitzer toldDeseret. Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. We came together and decided to partner, do this and invest in Real Salt Lake.. Get on our list for weekly sports business, industry trends, interviews, and more. 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. Since joining Blackstone in 1991, David Blitzer has been involved in the execution of Blackstones investments in Spirit Group. 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. Naturally, much of this knowledge came from his day job at Blackstone. In financially difficult times, the deal also brings security to a club that always has to manage well. 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. 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. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. Find More Contacts for Bolt. 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. David Blitzer, part-owner of the Philadelphia 76ers and New Jersey Devils, is nearing a deal to acquire a significant minority stake in the Cleveland Guardians, according to multiple people. David Blitzer - Blackstone Scott Krase - Harkness Capital Partners For information on our privacy practices see our Privacy Policy. His intentions, however, are quite obvious. The Lippin Group for Just Womens Sports [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. Were thrilled to partner with them as they enter this next phase of growth.. 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. Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. 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. Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. JWS previously raised $3.5 million in May 2021. phidsmith. Gametime Secures $30M | citybiz By Andrew Cohen 2.25.2020. Scott previously worked at TSA Capital Management, where he was a portfolio manager responsible for global asset allocation. Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. About 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. Best believe that if Blitzer buys in, he has a plan. [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. Because of this, Blackstone is boutique in branding yet still offers impressive integration and scale. His friendship with Hofmann should have given him good insights into the club. 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. 80538 Mnchen For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. 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. Private equity investors from Switzerland. [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. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. David Abrams Named Head of Investments at Harris Blitzer Sports The American group is led by David Blitzer, Jahm Najafi and Jeff Moorad and enjoys a portfolio that spans stakes in Premier League club Crystal Palace, NBA teams Philadelphia 76ers, and the Phoenix Suns and the New Jersey Devils in the National Hockey League, among others.
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