Arthur Mitchell Wrubel is an American

private equity investor In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a typ ...

who founded Wesley Capital Management, LLC and is a minority owner of the

Philadelphia 76ers The Philadelphia 76ers, colloquially known as the Sixers, are an American professional basketball team based in the Philadelphia metropolitan area. The 76ers compete in the National Basketball Association (NBA) as a member of the league's Eas ...

of the

National Basketball Association The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United S ...

.Bloomberg: "Arthur Mitchell Wrubel"
retrieved May 19, 2015

Early life and education

Wrubel was born to a

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

family, the son of Marcia Kay (née Pinkus) and Richard Isaac Wrubel. His family operated the Wrubels department store in

Middletown, Connecticut Middletown is a city located in Middlesex County, Connecticut, United States, Located along the Connecticut River, in the central part of the state, it is south of Hartford, Connecticut, Hartford. In 1650, it was incorporated by English settler ...

, founded by his great-grandparents, Regina (nee Glasscheib) and Isaac Wrubel. His great-uncle was composer and songwriter

Allie Wrubel Elias Paul "Allie" Wrubel (January 15, 1905 – December 13, 1973) was an American composer and songwriter. Biography Wrubel was born to a Jewish family in Middletown, Connecticut, United States, the son of Regina (née Glasscheib) and Isaac ...

. In 1983, Wrubel graduated from

Xavier High School A multitude of schools and universities have been named after St. Francis Xavier, a Spanish Roman Catholic saint and co-founder of the Society of Jesus. This page lists notable educational institutions named after St. Xavier, arranged by country a ...

in Middletown and in 1987, he graduated with a B.S. in Economics from the

Wharton School The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...

at the

University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universitie ...

where he was a member of the

Sigma Alpha Mu Sigma Alpha Mu (), commonly known as Sammy, is a college fraternity founded at the City College of New York in 1909. Though initially founded as a Jewish organization, the fraternity dropped its religious affiliation and became open to men of a ...

fraternity.

Career

After school, he worked for Chicago-based

JMB Realty JMB Realty was a real estate investment company based in Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes ...

as an associate in their acquisition group. In 1993, he took a job with Dickstein & Co. where he focused in real estate, asset backed securities, and real estate corporate restructurings and was involved in some of the largest real estate restructurings including those of including

Olympia & York Olympia & York (also spelled as Olympia and York, abbreviated as O&Y) was a major international property development firm based in Toronto, Canada. The firm built major financial office complexes including Canary Wharf in London, the World Fina ...

Cadillac Fairview The Cadillac Fairview Corporation Limited is a Canadian company that invests in, owns, and manages commercial real estate, mainly in Canada and the United States. As of March 2017, the company had 73 properties, encompassing 38 million square feet ...

Rockefeller Center Rockefeller Center is a large complex consisting of 19 commerce, commercial buildings covering between 48th Street (Manhattan), 48th Street and 51st Street (Manhattan), 51st Street in Midtown Manhattan, New York City. The 14 original Art Deco ...

Properties, Bramalea, and

Trizec Properties Trizec Properties, Inc., previously known as TrizecHahn Corporation, was a real estate investment trust headquartered in Chicago, Illinois. It was originally a Canadian company. The name is derived from the initials of the three groups (Tri) that f ...

.Maxim Capital Group: "Advisory Board"
retrieved May 19, 2015 In 2001, he ventured out on his own and founded Wesley Capital Management, LLC, a real estate focused hedge fund. Wrubel is a member of an investment group that won a $280 million bid for the purchase of the Philadelphia 76ers from

Comcast Spectacor Comcast Spectacor is a Philadelphia-based American sports and entertainment company. It owns the Philadelphia Flyers of the National Hockey League, the Maine Mariners of the ECHL, the Philadelphia Wings of the National Lacrosse League, the Phi ...

in 2011. The other members of the investment group are: Joshua Harris, managing partner of the group and co-founder of private equity firm

Apollo Global Management Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, ...

and

David S. Blitzer David S. Blitzer (born September 7, 1969) is global head of tactical opportunities at the private equity firm Blackstone Group and is co-founder of Harris Blitzer Sports & Entertainment. He is or has been a co-managing partner and minority owner o ...

of the private equity firm

Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate b ...

, both fellow Wharton School of the University of Pennsylvania graduates,Philadelphia Inquirer: "Those who know him say Joshua Harris, soon-to-be Sixers owner, lives for competition and success" By Kate Fagan
August 02, 2011 as well as former NBA agent and Sacramento Kings executive

Jason Levien Jason M. Levien (born 1973) is an American sports executive. He is the CEO and managing general owner of the Major League Soccer club D.C. United and co-owner of Swansea City, a Welsh football club, and the Brisbane Bullets, an Australian baske ...

, former

Vail Resorts Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided into three divisions. The mountain segment owns and operates 40 mountain resorts in four countries, Vail Resorts Hospitality o ...

CEO

Adam Aron Adam Maximilian Aron (born September 30, 1954) is an American businessman and the chairman and CEO of AMC Entertainment Holdings, Inc. More recently, he became a co-owner of the Philadelphia 76ers, additionally serving as its CEO from 2011 to 2 ...

, Martin J. Geller, David B. Heller, Travis Hennings,

James Lassiter James Lassiter is an American film producer, known for being co-founder of Overbrook Entertainment and longtime business partner of actor and rapper Will Smith. Career Lassiter attended University of Miami and Temple University and befriended Jef ...

, Marc Leder,

Michael Rubin Michael Rubin (born 1971) is a senior fellow at the American Enterprise Institute (AEI). He previously worked as an official at the Pentagon, where he dealt with issues relating to the Middle East, and as political adviser to the Coalition Provis ...

Will Smith Willard Carroll Smith II (born September 25, 1968), also known by his stage name The Fresh Prince, is an American actor and rapper. He began his Will Smith filmography, acting career starring as Will Smith (The Fresh Prince of Bel-Air), a ...

Jada Pinkett Smith Jada Koren Pinkett Smith (; née Pinkett; born September 18, 1971) is an American actress and talk show host. She is co-host of the Facebook Watch talk show '' Red Table Talk'', for which she has received a Daytime Emmy Award. ''Time'' named ...

, and Indonesian businessmen Handy Soetedjo &

Erick Thohir Erick Thohir (born 30 May 1970) is an Indonesian businessman and politician who has served as Indonesia's Minister of State Owned Enterprises since 2019. He is the founder of Mahaka Group, a conglomeration that focuses on media, sports and enter ...

. Comcast-Spectacor and Harris began talks in the summer of 2011. The deal was announced on July 13, 2011. The NBA formally approved the deal on October 13.

Additional affiliations and memberships

Wrubel is a member of the Board of Advisors at Mount Sinai Hospital’s, on the Board of Trustees at the

Jewish Museum A Jewish museum is a museum which focuses upon Jews and may refer seek to explore and share the Jewish experience in a given area. List of Jewish museums Notable Jewish museums include: *Albania ** Solomon Museum, Berat *Australia ** Jewish Muse ...

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

, and is on the Wharton Undergraduate Board at the

. Wrubel is also on the Advisory Board of Maxim Capital Group. He and his wife are strong supporters of the Jonah Maccabee Foundation, which provides grants to organizations that provide charity, promote music, or support Jewish causes.

Personal life

He is married to Melanie Bloom.University of Pennsylvania Bulletin: "Men and Women of Pennsylvania - Arthur M. Wrubel, W'87, and Melanie Bloom Wrubel"
retrieved May 19, 2015

References

{{DEFAULTSORT:Wrubel, Art 1965 births Businesspeople from New York City American financiers Philadelphia 76ers owners Wharton School of the University of Pennsylvania alumni Jewish American sportspeople Living people 21st-century American Jews