Arthur Mitchell Wrubel (born 1965) is an American

private equity investor Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

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

Philadelphia 76ers The Philadelphia 76ers, also known colloquially 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 Atlan ...

of the

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

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

Early life and education

Wrubel was born to a

Jewish Jews (, , ), or the Jewish people, are an ethnoreligious group and nation, originating from the Israelites of History of ancient Israel and Judah, ancient Israel and Judah. They also traditionally adhere to Judaism. Jewish ethnicity, rel ...

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 in Middlesex County, Connecticut, United States. Located along the Connecticut River, in the central part of the state, 16 miles (25.749504 km) south of Hartford, Connecticut, Hartford. Middletown is the largest city in the L ...

, founded by his great-grandparents, Regina (née 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 Isa ...

. In 1983, Wrubel graduated from Xavier High School in Middletown and in 1987, he graduated with a B.S. in economics from the

Wharton School The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...

at the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

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. In 1993, after suffering during the early 1990s recession, the company spun off its retail properties as Urban Shopping Centers, Inc., which was acquired by Rodamco in 2000 and b ...

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, Ontario, Canada. The firm built major financial office complexes including Canary Wharf in London, the Wo ...

Cadillac Fairview The Cadillac Fairview Corporation Limited, branded as Cadillac Fairview, 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, enco ...

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

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 an American sports and entertainment company and division of Comcast based in Philadelphia, Pennsylvania. It owns the Philadelphia Flyers of the National Hockey League, the Philadelphia Wings of the National Lacrosse League ...

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

Apollo Global Management Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...

and

David Blitzer David Scott Blitzer (born September 7, 1969) is an American investor and sports team owner. Blitzer is the chairman of the private equity firm Blackstone's tactical opportunities division and managing partner of the New Jersey Devils ice hocke ...

of the private equity firm

Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

, 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 and investor. He is the CEO and Co-Chairman of Major League Soccer club D.C. United and the Chairman of the Brisbane Bullets, an Australian basketball club. Levien is the former CEO a ...

, former

Vail Resorts Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided among divisions that own and operate 42 mountain resorts in four countries, along with hotels, lodging, condominiums, and gol ...

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 20 ...

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

James Lassiter James Lassiter is an American film producer and talent agent. He served as the manager of American rapper and actor Will Smith before the two co-founded the production company Overbrook Entertainment in 1998. Also Smith's business partner, Lass ...

, Marc Leder, Michael Rubin,

Will Smith Willard Carroll Smith II (born September 25, 1968) is an American actor, rapper, and film producer. Known for his work in both Will Smith filmography, the screen and Will Smith discography, music industries, List of awards and nominations re ...

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

, and Indonesian businessmen Handy Soetedjo &

Erick Thohir Erick Thohir (born 30 May 1970) is an Indonesian businessman and politician who served as Minister of State Owned Enterprises since 2019. He has been the chairman of Football Association of Indonesia since 2023 and founder of Mahaka Group, a co ...

. 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. Notable Jewish museums include: Albania * Solomon Museum, Berat Australia * Jewish Museum of Australia, Melbourn ...

Manhattan Manhattan ( ) is the most densely populated and geographically smallest of the Boroughs of New York City, five boroughs of New York City. Coextensive with New York County, Manhattan is the County statistics of the United States#Smallest, larg ...

, 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 alumni Jewish American sports executives and administrators Living people 21st-century American Jews