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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. . 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 [email protected] for assistance. From its inception, the company has prioritized supporting and partnering with the athlete community. bolt ventures david blitzer. 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. Gametime Secures $30M in Funding - FinSMEs David Abrams Named Head of Investments at Harris Blitzer Sports 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. He subsequently developed into a successful businessman who revealed a weakness for sports. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. Best believe that if Blitzer buys in, he has a plan. 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. A trip to the USA was planned for the summer of 2020 as part of the preparations. The exchange with North American professional clubs around know-how is also an opportunity for the club. [18][19], Blitzer is Jewish. Patriots owner Robert Kraft among investors in Premier - SportsPro 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. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. 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. Harris Blitzer Vet Abrams, Sportradar's Rees Launch Sports Fund Bolt Ventures - Building Futures 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. He is a Co-Founder and serves as Managing Partner at Harris Blitzer Sports & Entertainment. 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. For office-specific contact information, please visitour offices page. 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. [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. JWS also has a growing line of exclusive merchandise which will expand in the coming months. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. He joined the firm in 1991. For press inquiries, contact [emailprotected]. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. The company intends to use the funds to continue to expand operations, content offerings and business reach. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. American billionaire investor (born 1969), This article is about the private equity investor. Who are David Blitzer and Arctos Sports, reported new owners of - MSN 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. David Blitzer - Blackstone Hes the first person with an equity stake in the five biggest US professional sports leagues. Athletic Greens Raises $115M From Alpha Wave Ventures and Strategic [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. Just Women's Sports Raises $6 Million From New and Returning Investors His intentions, however, are quite obvious. [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. Its incredibly similar, Blitzer said at Wharton on the parallels between his role as an owner and leader of Tac Opps. Blitzer was born on September 7, 1969, in Scotch Plains, New Jersey. His net worth was estimated by Forbes in April 2023 to be $1.9 billion. According to Forbes, the Sixers are now worth $2.5 billion. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. What is the story of the payment company Worldline? He also worked in the mergers and acquisitions departments of Gleacher & Co. and Salomon Brothers. About Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. [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. 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. 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. 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. 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. Vention raised $95,000,000 / Series C from Bain Capital Ventures and 5 other investors . For office-specific contact information, please visit our our offices page. As 2022 continues, dont be surprised if you keep seeing Blitzer the Harris Blitzer Sports & Entertainment names pop up when it comes to even more acquisitions. 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 By selecting the relevant option, you certify that it accurately reflects your residency. Exits Number of Exits 3 David Blitzer has 3 exits. 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. 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. I dont know what that means but my sense is therell be benefits.. David S. Blitzer is a Senior Managing Director & Head of the Tactical Opportunities group. Bolt Ventures Investor Profile: Portfolio & Exits | PitchBook David Blitzer - Wikipedia How David Blitzer Built it - Boardroom Athletic Greens Scoops Up $115M - VC News Daily Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. The fund aims to buy into growth-stage companies with strong business fundamentals and enterprise values up to $2 billion. Upon graduating, Blitzer joined Blackstone, an alternative investment firm in New York City, where he still works today.