Finance

Blitzer Eyes Next Act After Building $35 Billion Blackstone Unit

  • Conversations inside the firm center on when he’ll step back
  • The billionaire has built a sports and investing empire
David BlitzerPhotographer: Bruce Bennett/Getty Images
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David Blitzer — “Blitz,” as he’s known to many — is among the last of the swashbuckling investment personalities at Blackstone Inc.

Since joining the firm in 1991, Blitzer has gone from starting its European private equity business to leading a $35 billion tactical opportunities unit that epitomizes Blackstone’s shift into all kinds of alternative assets, becoming a billionaire and sports titan in the process.