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. From its inception, the company has prioritized supporting and partnering with the athlete community. But what does Blitzer plan to do with FCA and how could the structures and approaches at the club now change? 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. BOLT VENTURES I LLC. 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. Get on our list for weekly sports business, industry trends, interviews, and more. One keyword here is internationalization. Mr. David Blitzer serves as Global Head of Tactical Opportunities Group and Member of the Management Committee at Blackstone. 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. 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. 1. 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. [18][19], Blitzer is Jewish. 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. 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. 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. Mr. Blitzer and his wife Allison reside in New York City with their five children. Headquarters Location 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. [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. When you buy products through Boardroom's links, we may earn an affiliate commission. 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. 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. 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. 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. Keemotion is is the automated production solution connecting the arena for coaches, leagues, and fans. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. 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. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. [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. Heres a timeline of some of the key moments and moves that made Blitz one of the most respected players in the worlds of sports, business, and entertainment. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. 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. 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.. He also leads the Tac Opps Investment Committee. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. The big financial world is thus making inroads into the Augsburg environment, which until now has been characterized primarily by calm and regional cohesion. [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. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. The rest of the shares are divided between shareholder Thilo Sautter (4.07 percent) and Projekt Green GmbH (20.37 percent). The Blackstone Group 4 years 10 months. HBSE owns the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and esports organization Dignitas. 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. The exchange with North American professional clubs around know-how is also an opportunity for the club. Blitzer is known for his investments in the Philadelphia 76ers, Pittsburgh Steelers, New Jersey Devils, Cleveland Guardians, and four professional soccer clubs. 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. 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. His friendship with Hofmann should have given him good insights into the club. Through original podcast series, premium video programming, social media, online editorial content, a newsletter, and exclusive merchandise and live events, JWS is committed to making it both easy and fun to be a womens sports fan. 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. Scott Krase. Bildquelle Header Bild: Csaba Talaber, Unsplash, 13.11.2021, Der Blog ber Immobilien, Investments und Unternehmen. We spend a lot of time looking around corners, Blitzer told Bloomberg in 2019. To view recent press releases,click here. 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. Haley and her team have the vision and talent necessary to usher in a new era in sports media.. 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. The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. Portfolio News Full Portfolio >> Tonal . Home Just Womens Sports Raises $6M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. David Abrams and Arne Rees have launched Velocity Capital Management, an investment fund focusing on the intersection of sports, media and entertainment. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. He graduated from the Wharton School in 1991 and joined Blackstone Inc, where he serves as head of their Tactical Opportunities group. About His intentions, however, are quite obvious. Naturally, much of this knowledge came from his day job at Blackstone. Find Just Womens Sports online, subscribe to the newsletter, and follow on Instagram, TikTok, Twitter, Snapchat, and YouTube. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. 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 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. The Daily Deal Newsletter, Just Womens Sports Raises $6M in Funding, Liteboxer Raises $20M in Series A Funding. David Blitzer serves as a Director of United Biscuits and Jack Wolfskin. 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. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. 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. David Shields. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. bolt ventures david blitzer. JWS also has a growing line of exclusive merchandise which will expand in the coming months. 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). So, how did his 1-of-1 portfolio of NBA, NFL, NHL, MLB, and MLS investments come to be? I dont know what that means but my sense is therell be benefits.. David Blitzer didnt become a success overnight. A link has been emailed to you - check your inbox. David Blitzer is a serious name to know in the business of sports. 30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. 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. 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. 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. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today. Switchboard:+1 (212) 583-5000. 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. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. 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. View contacts for Bolt to access new leads and . . 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 investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. Blitzer is a co-owner of several clubs in various sports. David Blitzer is based in New York, having established Blackstones corporate private equity investment efforts in Europe. 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. 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). 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. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. 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. Blitzer, on the other hand, saw these franchises essentially as content companies and scarce assets. David Blitzer and Jeff Mallet become investors in latest round. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. Above all, the Fuggerstdter can expect greater and new economic opportunities that go hand in hand with such a globally active company. Prior to signing on, Ian spent a decade at Nice Kicks as a writer and editor. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. September 16, 2020 12:29 PM EDT. Guy Oseary, Ashton Kutchers Sound Ventures Launches $240M AI Fund, Rooms You Cant Get Into: Klutch Athletics x New Balance VIP Brunch, JJ Watt, Kealia Watt Invest in Newly Promoted Premier League Club Burnley FC, Mat Ishbia on the Suns & Mercurys Huge Media Move, How TikTok Became the Home for the Rising Female Rappers of Gen Z. But I would never make an investment just for the fun side of the equation.. 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. Teams 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. of the Premier League. By selecting the relevant option, you certify that it accurately reflects your residency. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. The firms new AI Fund will invest in AI companies building machine learning models trained on large data sets. [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. 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. 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?. The 52-year-old. If the guy seems to be everywhere, thats because he is. 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. For press inquiries, contact[emailprotected]. He is also involved in the Tac Opps Investment Committee. In financially difficult times, the deal also brings security to a club that always has to manage well. We focus on data-driven companies across Europe with global ambition. 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. Vention raised $95,000,000 / Series C from Bain Capital Ventures and 5 other investors . 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 latter reduced their shares to enable Blitzer and his company to enter the market. In the following, you will find everything you need to know about the big deal in the Fuggerstadt. [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. David Blitzer is the Global Head of Blackstone's Tactical Opportunities group (Tac Opps), and a member of the firm's Management Committee. At the end of the day, you hire the best people at every position and you give them the room to do their jobs.. phidsmith. Today's investment is at a valuation exceeding $1B dollars. At the time of this writing, Blitzer owns stakes in a slew of high-profile professional sports franchises. 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. Founded in 2012, Bolt Ventures is a venture capital firm based in So Paulo, Brazil. Our strategy is focused on acquiring significant shareholdings in companies, with the objective of increasing long-term shareholder value. As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. Investment Principal Bolt Family Office Aug 2018 - Present4 years 9 months Greater New York City Area Family office focused on direct private investments. Who is David Blitzer? The Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. The company's . He is the global head of tactical opportunities at the Blackstone Group, an investment company with hundreds of billions of dollars tied up in . [1] He serves on the Mount Sinai Hospital and Wharton School. 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. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. By August of 2019 . 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. Here are 10 facts about RSL's new lead investor. 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. The company intends to use the funds to continue to expand operations, content offerings and business reach. 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. By submitting this request, you consent to receive email from Blackstone. [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. . He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. Mr. Blitzer is based in New York and graduated magna cum laude from the Wharton School of the University of Pennsylvania. 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 like at his day job, Blitzer is looking around corners to find new opportunities. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. Hes the first person with an equity stake in the five biggest US professional sports leagues. New additions to its roster of athlete investors include Allyson Felix, Abby Wambach, Sam Kerr, Lynn Williams, Paul RabilandApolo Ohno,among others. American billionaire investor (born 1969), This article is about the private equity investor. Dont be surprised if you start seeing Blitzer enter even more rooms and arenas down the road. press@justwsports.com, Internet Explorer presents a security risk. This has proven true. Their most notable exits are The Action Network , Keemotion , and Beyond Sports. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. By Andrew Cohen 2.25.2020. Gametime said the investment will accelerate product development and expand its efforts to reach younger ticket buyers. However, this was cancelled due to the Corona pandemic. To receive email alerts from Blackstone, sign up below. They join previous athlete investorsKelley OHara, Elena Delle Donne, Hilary Knight,Arike OgunbowaleandSam Mewis.