List of 3 large single family offices in Florida
In the following, we present three firms of our list to give you an impression of the included single family offices.
1. Amzak Capital Management (Boca Raton)
Amzak Capital manages the wealth of the Kazma family. The Kazma’s wealth is based on the cable television industry. When at first they developed and operated their cable systems only in Canada and the US, the Kazma family expanded their business to Latin America, where they had operations in e.g. Venezuela and Trinidad. In 1997 Amnet, a big cable television company in Central America was founded. They sold it to Millicom International Cellular S.A. in 2008. Firstly Amzak Capital Management only focused on the cable industry, the company now focuses on a much broader range of industries and strategies. The main four focus areas are private equity, fixed income, real estate, and healthcare. The geographical concentration of Amzak’s portfolio is in the US, South America, Central America, and the Caribbean.
2. Desdemona Capital (Miami Beach)
This single family office is the investment firm of Christian Jagodzinski. He was an early innovator in the only sector and founded several Internet companies. Telebook.com, the former biggest online book retailer in Europe, was one of the firms he founded. It was acquired by Amazon in 1998. Other examples of his firms are WWW-service.com (a big web hosting provider) and Villazzo (a real estate firm, that brings luxury hotel management to unique private homes). Desdemona Capitals investment focus mainly lies on real estate and private equity with a focus on real estate. The portfolio for example includes the already mentioned firm Villazzo and Nikki Beach – St. Tropez, a luxury hotel and beach club with locations all around the world.
3. Ferro Holdings (Miami)
Ferro Holdings is the single family office of Kevin Ferro. Kevin Ferro has high expertise in alternative investments and healthcare. He for example founded Ferro Capital LLC, an alternative investments firm with locations in New York and Frankfurt. Kevin Ferro also is the founder of Vatera Holdings LLC, an investment advisor in a broad range of investment classes. Vatera Holdings was sold in 2018. His specialization in alternative investments als0 brought him a job as Global Head of Alternative Investment Strategies for Commerzbank. Kevin Ferro is involved in philanthropic causes too. Especially in education, medical research, health and environment. He is serving on the Board of Trustees of Prep for Prep, which offers promising students of color with modest background access to private school education.
Most important single family offices from Florida in our database
We are offering the best database of US single family offices. Single family offices are the investment firms of America’s wealthy families. Since many important SFOs are based in Florida, we offer a dedicated product here. Our list enables family offices to find co-investors, institutional investors to raise funds, startups to identify relevant investors and consultancies and service companies to acquire new, wealthy customers.
Different data points: contact details, net worth, investment focus
Our list has more than twenty different, valuable data points, ranging from contact details to investment focus and family background. For getting in touch with the listed single family offices from Florida, general e-mail addresses, phone numbers, postal addresses, websites and executives are listed. For the executives, we provide information about the specific roles and links to the LinkedIn profiles in many cases. We also list a detailed investment focus, from capital markets to real estate, private equity and venture capital. Often, we also include a specified investment focus as well as exemplary investments in our list.
Disclaimer: due to the secrecy of some family offices, we are sometimes not able to provide you with email addresses or other pieces of information. In case we don’t know the exact investment focus, the specific column is marked as n.a.
Tax laws and friendly climate are luring family offices to Florida
Florida with its almost 21 million inhabitants is home to many well-known single family offices. The friendly climate of the “sunshine state” is only one of many reasons why America’s richest families are moving to Florida. In Florida, there is no statewide income tax or estate and inheritance taxes. An interesting trend is that many family offices moved from New York to Florida within the last years.
Hotspots for family investment firms in Florida: Miami, Tampa, Boca Raton
A high number of Florida-based single family offices is located in certain cities. Most attractive is Miami, with more than 5 local single family offices. Also cities close to Miami like “Miami Lakes” are home to family offices. Also relevant for SFO headquarters are Tampa or Boca Raton. Interestingly, only one single family office is located in Florida’s largest city Jacksonville.
Strong real estate business in Florida
Traditionally, Florida is known for its booming real estate industry. Also many of the local single family offices are specialized on real estate deals. One interesting SFO is specialized on project developments and the acquisition of residential, office and hotel spaces. The family investment firm also owns several properties in Florida.
Growing startup scene in Miami
Within the last years, also a vivid startup landscape developed in Miami. Also leading tech companies like Google or Facebook have many employees in their Miami offices. Besides that, more than 100 of the 5,000 most important U.S. startups are located in Miami. There are several different accelerator programs in the city (like Endeavor or Rokk3. Also many co-working spaces are available for startup founders. One interesting single family office is – for example – specialized on seed and early stage investments in financial services, information technology and manufacturing startups.