# Ratio Capital

Ratio Capital is an Asset Manager based in Las Vegas, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Las Vegas, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2013
- **Assets under management:** $3B - $5B (Altss estimate)
- **Website:** ratiocap.com

## Regulatory record

- **CRD number:** 283357
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/283357

## About

RATIO CAPITAL is a state-registered investment adviser in LAS VEGAS, NV. The firm manages approximately $24 million in regulatory assets. It has 3 employees and 2 investment advisers.

## Sectors

- Private Equity
- Sports & Entertainment
- Real Estate
- Consumer
- Credit & Special Situations

## People

- David B. Blitzer — Founder

## Questions

### Who runs investment decisions at Ratio Capital?

David Blitzer is the sole founder and principal investor. He makes allocation decisions personally, drawing on the direct investment approach he developed at Blackstone's tactical opportunities group. There is no disclosed investment committee or external advisory board beyond his co-investor relationships, notably with brother-in-law Josh Harris.

### How is Ratio Capital related to Harris Blitzer Sports & Entertainment?

Harris Blitzer Sports & Entertainment (HBSE) is the operating company that holds the Philadelphia 76ers, New Jersey Devils, and related arena assets. Blitzer co-founded HBSE with Josh Harris, Apollo Global Management's co-founder, in a joint holding structure. Ratio Capital serves as Blitzer's personal investment vehicle that feeds into his share of those sports assets, along with his separate real estate and credit positions.

### Does Ratio Capital invest in third-party funds or only direct deals?

Ratio operates almost entirely through direct deals and control positions, reflecting Blitzer's Blackstone background in principal investing. Unlike many family offices that layer external fund commitments, Ratio allocates capital directly to sports franchises, real estate acquisitions, and opportunistic credit situations without intermediation.

### Where does David Blitzer's wealth originate?

Blitzer spent 22 years at Blackstone, ultimately serving as Global Head of the Tactical Opportunities Group and sitting on the firm's management committee. His personal capital base derives from carried interest and co-investment gains accumulated during that tenure, during which he structured some of Blackstone's most notable European buyouts.

## Related profiles

- [RapDin](https://altss.com/profile/rapdin)
- [Ratio Ventures](https://altss.com/profile/ratio-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/ratio-capital

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