bolt ventures david blitzer

30 May 2022 Rory Jones News Gametime SHARE THIS ARTICLE Ticketing platform Gametime has generated US$30 million in funding round. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. Meanwhile, the arrival of Blitzer does not represent a major change, as there is no change in the balance of power. View contacts for Bolt to access new leads and . Germany. Since joining Blackstone in 1991, David Blitzer has been involved in the execution of Blackstones investments in Spirit Group. [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. Currently, Blitzer serves as the Global Head of Blackstones Tactical Opportunities group. The firms new AI Fund will invest in AI companies building machine learning models trained on large data sets. Naturally, much of this knowledge came from his day job at Blackstone. The Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. 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. Portfolio News Full Portfolio >> Tonal 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. 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. From its inception, Just Womens Sports has prioritized supporting and partnering with the athlete community. David Blitzer - Senior Managing Director and Global Head of Tactical David Blitzer: Philadelphia 76ers Co-Owner & Co-Managing Partner 80538 Mnchen Just Women's Sports Raises $6 Million From New and Returning Investors Michael Osherovitz, CPA - Managing Director & Head of - LinkedIn [11][12], In 2017, Blitzer co-founded Harris Blitzer Sports & Entertainment with Harris to consolidate their shared sports ventures. 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. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. 2018: Formed Elevate Sports Ventures in partnership with CAA and the San Francisco 49ers 2020: Blitzer and Harris acquire minority stake in the Pittsburgh Steelers 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. Established in 2020, Just Womens Sports Inc. (JWS) is the leading media platform dedicated exclusively to womens sports. 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 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. 76ers' Owner Josh Harris is Bouncing Back This Week. A good investment for the future. 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.. 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. Gametime Lands $30M - VC News Daily By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. In Belgium, first division club Waasland-Beveren has been 97 percent owned by the Bolt Group since September 2020. 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. This market just got larger in a sense that it can touch the UK, Germany, or some of those other soccer markets. For press inquiries, contact[emailprotected]. But I would never make an investment just for the fun side of the equation.. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. 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. He is also involved in the Tac Opps Investment Committee. A trip to the USA was planned for the summer of 2020 as part of the preparations. The Blackstone Group 4 years 10 months. For office-specific contact information, please visit our our offices page. What is US investor David Blitzer doing with FC Augsburg? Identified, acquires and ran the business on behalf of shareholders including David Blitzer (Bolt Ventures), Joe Tsai (Blue Pool Capital) and Triple IT. However, the positions of the two Supervisory Board members will not be filled. For press inquiries, contact [emailprotected]. David Blitzer has made 11 investments. In 2022, Blitzer is taking his business background and international exposure to make a splash in soccer, specifically. 1. Harris Blitzer Vet Abrams, Sportradar's Rees Launch Sports Fund 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. However, this was cancelled due to the Corona pandemic. By submitting this request, you consent to receive email from Blackstone. bolt ventures david blitzer 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. of the Premier League. Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. 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. 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 . He graduated from Scotch Plains-Fanwood High School in 1987 and then studied at the University of Pennsylvania. Their latest investment was Venture Round - Athletes Unlimited on Sep 29, 2022, when Athletes Unlimited raised $30M. By August of 2019 . The Blitzer Family Foundations ongoing mission is to strengthen communities by assisting young people in reaching their full potential. The background to the deal is that Blitzer and Hofmann have known each other for around 20 years. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. If the guy seems to be everywhere, thats because he is. Additionally, he is a General Partner of the Crystal Palace Football Club. According to Forbes, the Sixers are now worth $2.5 billion. Two years ago, we saw a massive opportunity to tap into an audience that was extremely underserved by traditional media, said Rosen. Matt Biscuiti or Kevin Broderick This is certainly also an important point for the club, which stands for tradition. Particularly in the USA, FCA has wanted to make its presence felt for some time. Case in point: Blitz bought into the Sixers in 2011 with a winning bid of $280 million. 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. Harris Blitzer Sports & Entertainment has named David Abrams its new head of investments. Already, Blitzer is being named as a contender to purchase a minority stake in the MLBs now-rebranded Cleveland Guardians. 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. In soccer, he has minority shares in Crystal Palace, a Premier League club in England. Were thrilled to partner with them as they enter this next phase of growth.. 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. 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). The 52-year-old. One could say hes diversified his investments just the same as his employer, seen recently by his rapid growth in the sports world. Subscribe to our newsletter to get the latest news when it matters most. ticketing revenue for music and sporting events alone could reach US, 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. [20][21] He is married to Allison (ne Ross) Blitzer; they have five children. 14 years and 15 days old.We've got the youngest Homegrown in @MLS history. He is also involved in the Tac Opps Investment Committee. This investment means Gametime can rapidly accelerate our product development and can continue to help teams, leagues and artists rebound from a challenging few years. American billionaire investor (born 1969), This article is about the private equity investor. 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. [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. [1] He serves on the Mount Sinai Hospital and Wharton School. David Blitzer and Jeff Mallet become investors in latest round. 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. Create your account and get enhanced access to all the latest stories. Ive lived in many different places and many different countries, Blitzer shared at his introductory press conference for Real Salt Lake. 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. To view recent press releases,click here. As an adult, hes got his own team in Salt Lake and sits at the same tables as Earvin the Entrepreneur where pro sports are concerned. Billionaire Joe Tsai, Billie Jean King Back Just Women's Sports 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. There is no indication yet as to whether Bolt is involved in the sale. 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. The same applies to Detlef Diesel, who is leaving with MAJA Vermgensverwaltungsgesellschaft. 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 . He also leads the Tac Opps Investment Committee. 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.

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