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. 12/06/2022 . Mr. Krase co-founded each of the funds, was a member of the firm's investment committee and has served as a . [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. 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. | News 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. In addition, he served two terms as Chairman of Loan Syndications and Trading Association (LSTA), an industry organization. They join previous athlete investors Kelley OHara, Elena Delle Donne, Hilary Knight, Arike Ogunbowale and Sam Mewis. 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. He is the Co-Founder of Harris Blitzer Sports & Entertainment, which bought the team in 2011. | Terms & Conditions In soccer, he has minority shares in Crystal Palace, a Premier League club in England. Private equity investors from Switzerland. 1. Exits Number of Exits 3 David Blitzer has 3 exits. This is a question that only Blitzer himself can answer, but he has not yet commented on it. 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. BOLT VENTURES I LLC. David Blitzer is based in New York, having established Blackstones corporate private equity investment efforts in Europe. He joined the firm in 1991. Established in 2020, Just Womens Sports Inc. (JWS) is the leading media platform dedicated exclusively to womens sports. Both the Sixers and Devils, which live under the HBSE umbrella, have increased their value dramatically since Blitzer came on board. Hofmann Investoren GmbH holds 99.4 percent of the shares in FC Augsburg GmbH und Co. KGaA. A similar spike has been seen in his investment in the Devils, bought for $320 million in 2013 and now valued at $775 million. To receive email alerts from Blackstone, sign up below. 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. 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. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Famously, he helped start and lead Blackstones European private equity business, taking him to England from 2001-11. | [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. 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. Headquartered in Camden, New Jersey, it was founded on September 25, 2017, by private equity investors Josh Harris and David Blitzer . 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. We focus on data-driven companies across Europe with global ambition. By combining his business management experience and relationship equity, Blitzer continues to leverage his learnings and his connections to develop new business. Enjoying SportsPro content? We are independently minded and lead the first round of financing in over 90% of our investments. 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. Switchboard:+1 (212) 583-5000. Over the course of his career, he's been published by the likes of Complex, Jordan Brand, GOAT, Cali BBQ Media, SoleSavy, and 19Nine. For press inquiries, contact[emailprotected]. 2022 Season Tickets can be purchased at . 76ers' Owner Josh Harris is Bouncing Back This Week. Ticketing platform Gametime has generated US$30 million in funding round involving co-managing partner of the Philadelphia 76ers and New Jersey Devils David Blitzer, as well as San Francisco Giants owner Jeff Mallet. Seitzstrae 8e Mr. Blitzer and his wife Allison reside in New York City with their five children. Bolt is a pre-seed venture firm investing where the digital and physical world intersect. View contacts for Bolt to access new leads and . There is no indication yet as to whether Bolt is involved in the sale. Just like at his day job, Blitzer is looking around corners to find new opportunities. With Josh Harris, Blitzer is also a partner in Harris. Bolt Ventures, the family office of David Blitzer, investment firm SC Holdings, women's tennis pioneer Billie Jean King, Washington Spirit owner Michele Kang, and sports NFT marketplace. Luckily I was able to get together with Ryan Smith and his team. Much like the company he works for, Blitzer impresses with his reach and relationships. Who is David Blitzer? David S. Blitzer is the Global Head of Blackstones Tactical Opportunities group (Tac Opps), and a member of the firms Management and Operating Committees. [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. Beyond Sports transforms real match data into a virtual reality simulation which helps pro-teams improve insights and training methods. The Registered Agent on file for this company is C T Corporation System and is located at 28 Liberty Street, New York, NY 10005. Returning investors in JWS include Will Ventures, Kevin Durant and Rich Kleimans Thirty Five Ventures, OVO Fund, Supernode Global and Drive by DraftKings. His net worth was estimated by Forbes in April 2023 to be $1.9 billion. 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. 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 David Shields. [1] He is a supporter of Hillel, which focuses on encouraging Jewish undergraduate and graduate students to embrace their Jewish heritage. David Blitzer serves as a Director of United Biscuits and Jack Wolfskin. Blitzer will not be given a seat on the Supervisory Board or any other post with the Augsburg-based company. Ian spends all his free time hooping and he's heard on multiple occasions that Drake and Nas have read his work, so that's pretty tight. Alpha Wave Global led the growth funding round and was joined by new investor Mark Vadon, returning investors SC.Holdings, David Blitzer's family office Bolt Ventures and Dr. Peter Attia, as . As a child, David Blitzer grew up playing soccer, skiing in Utah, and cheering for Magic Johnson. For years, many viewed owning professional sports teams as a vanity piece, similar to acquiring fine art. 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. Particularly in the USA, FCA has wanted to make its presence felt for some time. 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. A trip to the USA was planned for the summer of 2020 as part of the preparations. Harris Blitzer Sports & Entertainment LLC ( HBSE) is an American sports and property management holding company. 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. In return, the company receives 45 percent of the shares, which are available around the FCA in a spun-off corporation. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the clubs president. The club got through the Corona crisis without any state aid, which is remarkable considering the 35 million euros in lost revenue. 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 [27] Blitzer was named to Sports Business Journal's 2022 "Most Influential: Dealmakers & Disrupters" list.[28]. HBSE owns the NBA's Philadelphia 76ers, the NHL's New Jersey Devils, and esports organization Dignitas. Team owners see opportunities to expand the market and future proof the industry with Gametimes younger audience as season ticket holders age. 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. 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. 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. 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. Scott is a founding partner of Harkness Capital. BOLT VENTURES I LLC is a New York Foreign Limited-Liability Company filed on February 25, 2020. The Blackstone Group 4 years 10 months. 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. The commercial register shows that Bolt Football Holdings has invested 5.5 million in FC Augsburg. Each year it grows so dramatically.. 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. 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 . Create your account and get enhanced access to all the latest stories. Boardroom is a media network that covers the business of sports, entertainment. 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. For press inquiries, contact [emailprotected]. He is also involved in the Tac Opps Investment Committee. He subsequently developed into a successful businessman who revealed a weakness for sports. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. SULO, Allied Waste, Aspen Insurance Holdings, Houghton Mifflin, Universal Orlando, Centerplate, Cadillac Fairview, Edward J. DeBartolo Corporation, Southern Cross, NHP, Orangina, and United Biscuits. 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. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Were thrilled to partner with them as they enter this next phase of growth.. Behind Bolt Football Holdings is David Blitzer, who thus becomes a business partner of Klaus Hofmann, the club's president. 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. 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. Your favorite athletes favorite agent, Sign up for Boardrooms newsletters to get the biggest stories in the business of sports, entertainment, and culture directly in your inbox daily. David Blitzer is the Co-Owner & Co-Managing Partner of the Philadelphia 76ers. David Blitzer graduated magna cum laude from the Wharton School of the University of Pennsylvania. JWS previously raised$3.5 millionin May 2021. He joined the firm in 1991. He graduated from Scotch Plains-Fanwood High School in 1987 and then studied at the University of Pennsylvania. 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. From a performance standpoint, its reported that the Tac Opps team has delivered a realized return of 1.8x. Here are 10 facts about RSL's new lead investor. It is estimated that Blitzer is worth upwards of $1.3 billion, according to Market Realist. Do a Google Image search for David Blitzer and youll see his likeness in front of some of the most recognizable logos in sports. | Disclaimer This is certainly also an important point for the club, which stands for tradition. The Lippin Group for Just Womens Sports Marketing and sponsoring on the American market are difficult for small clubs like FCA to implement, but Blitzer and his company will open doors. 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. Copyright Bolt Ventures GmbH All Rights Reserved, Bolt Ventures GmbH Marcus Hfl, known as Franz Beckenbauers manager, is leaving the supervisory board as his MHM Group no longer has any shares. 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 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. The US-based company now holds 45 percent of the shares, while Hofmann itself holds 30.56 percent. Harris Blitzer Sports & Entertainment has named David Abrams its new head of investments. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. 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. 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. 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. 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. What does the charging station company Ionity do. His friendship with Hofmann should have given him good insights into the club. So, how did his 1-of-1 portfolio of NBA, NFL, NHL, MLB, and MLS investments come to be? The company is projecting sales to exceed US$500 million in 2022, with ten of Gametimes highest revenue days occurring in 2022. Switchboard: +1 (212) 583-5000. Today's investment is at a valuation exceeding $1B dollars. Investment Principal Bolt Family Office Aug 2018 - Present4 years 9 months Greater New York City Area Family office focused on direct private investments. 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. The company intends to use the funds to continue to expand operations, content offerings and business reach. I dont know what that means but my sense is therell be benefits.. 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. #NJDevils owners Josh Harris and David Blitzer announced today the formation of Harris Blitzer Sports & Entertainment (HBSE). bolt ventures david blitzer. Diese Seite wurde im November 2021 erschaffen. 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. 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.. Because of this, Blitzer is ahead of the curve in regard to implementing data and analytics into his sports enterprises the same way he makes the most of numbers and trends at Blackstone.