# Next 3

Next 3 is a Private Equity based in Portola Valley, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Portola Valley, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** Undisclosed
- **Website:** next3ventures.com
- **LinkedIn:** https://www.linkedin.com/company/next-3-ventures

## Regulatory record

- **CRD number:** 156640
- **SEC file number:** 801-73561
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/156640

## About

Next 3 invests where sports and the status quo collide. Evolving consumer behaviors and emerging technologies are upending the sports ecosystem, and the firm backs the next generation of brands changing the game across technology, media, services, lifestyle, gaming, and retail. They position themselves as teammates, not just investors, deploying flexible long-term capital with an operator’s perspective.

## Sectors

- Sports
- Media & Entertainment
- Gaming
- Consumer
- Technology

## People

- Carolyn Tisch Blodgett — CEO and Founder
- Lauren Baum — Chief Operating Officer

## Questions

### Who runs investment decisions at Next 3?

Founder and CEO Carolyn Tisch Blodgett oversees all investment and portfolio management activity. Investor Will Sands sources and evaluates opportunities across early to growth-stage businesses and professional teams. The firm's lean core team of five operates with Blodgett as the central decision-maker, supported by COO Lauren Baum on strategic initiatives and portfolio company operations.

### Which professional sports properties does Next 3 hold?

The firm holds majority ownership of Gotham FC in the National Women's Soccer League, where Blodgett serves as Governor. Additional team and league stakes confirmed by the firm include TGL's Los Angeles Golf Club, League One Volleyball, SailGP's USA team, and Trasmit.Live. Blodgett also serves as the NWSL's first Chair of the Executive Committee.

### What investment stages does Next 3 target?

The firm targets early to growth-stage companies across the sports, media, and entertainment ecosystem. Investment associate Will Sands focuses on sourcing at these stages, while the broader team evaluates controlling stakes in professional teams and leagues. The firm describes its capital as flexible and long-term, deployed where it can add strategic value.

### How does Next 3 source its investments?

Sourcing draws on the team's operating experience inside professional sports and consumer technology. Blodgett's NFL ownership connections, advisor Ryan Dillon's Peloton-era relationships, and the firm's proprietary access to New York-based family-owned businesses create a pipeline distinct from auction processes. The firm's portfolio companies — including the leagues and teams it controls — also serve as a demand-signal network for evaluating sports-tech and media startups.

### What is Next 3's relationship to Gotham FC?

Blodgett is the lead owner and Governor of Gotham FC, acquired through Next 3. Under her ownership, the club won NWSL Championships in 2023 and 2025, an inaugural CONCACAF Champions Cup title, and placed third in the first FIFA Women's Champions Cup. The team operates as a live portfolio asset where the firm's operator-investor model plays out in real time.

## Related profiles

- [Nexpon](https://altss.com/profile/nexpon)
- [Next54](https://altss.com/profile/next54)

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Last updated: 2026-08-11T15:07:34.613Z

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