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Amzak Capital
Amzak Capital was founded in 1979 by Gerald Kazma. The office continues to manage the family’s capital after the 2008 sale of Amnet to Millicom International...
Amzak Capital
Amzak Capital was founded in 1979 by Gerald Kazma. The office continues to manage the family’s capital after the 2008 sale of Amnet to Millicom International Cellular. Michael Kazma holds the roles of President and CEO. The firm deploys capital in fixed income through high-yield corporate bonds, real estate via common equity, preferred equity, and bridge loans on multi-family and hospitality assets, industrials through strategic acquisitions, and healthcare via Amzak Health in therapeutics, devices, and services. Confirmed positions include co-lending on the $52.5 million Regatta apartment loan in Fort Pierce, Florida, and preferred equity in the Marisol multi-housing project in Port Charlotte, Florida, alongside Knighthead Funding. Geographic reach covers North America, the Caribbean, and South America, with additional activity in Panama and El Salvador. The office lists no disclosed headcount. It maintains one headquarters at 980 North Federal Highway in Boca Raton. Adjacent vehicles include the Kazma Family Foundation, led by Leigh-Anne Kazma, and Amzak Health. In March 2025 Andres Bethencourt spoke at an ACG Miami chapter event. Amzak Capital operates as the direct private investment arm of the Kazma family rather than through external fund commitments. Governance integrates family principals with operating partners such as Joe Vidmar and external co-investors including Mast Capital and North River Partners on specific real estate transactions.
General information
Firm type
Single Family Office
Year founded
1979
Location
Region
North America
Country
United States
City
Boca Raton
Corporate office
Boca Raton, FL, United States
Principals
Gerald Kazma
Founder
Michael Kazma
President and CEO
Andres Bethencourt
Director
Beatriz Beltranena de Zamora
General Counsel
Sector focus
Frequently asked questions
Who runs investment decisions at Amzak Capital?
Michael Kazma serves as President and CEO. Andres Bethencourt directs credits in industrials, business services, and automotive as a Director. Beatriz Beltranena de Zamora acts as General Counsel and board representative on portfolio holdings.
How does Amzak Capital source proprietary deal flow?
The firm relies on long-standing relationships with co-investors such as Mast Capital, North River Partners, and Roers Companies. Family networks and prior cable-television holdings in Latin America generate additional opportunities.
Does Amzak Capital participate in fund commitments or only direct deals?
Amzak Capital executes direct co-investments, SPVs, private credit, and real estate loans. No external fund commitments are disclosed in available records.
What investment stages does Amzak Capital typically target?
The firm targets buyout, growth, debt, private credit, and venture capital stages across its four main sectors.
Where does the underlying wealth come from?
Wealth originated from the Kazma family’s development and subsequent sale of cable-television networks in North and Latin America, including the 2008 transaction with Millicom.
Does Amzak Capital maintain philanthropic structures?
The Kazma Family Foundation operates separately under Leigh-Anne Kazma. It supports education and health initiatives in Florida and El Salvador.
What is Amzak Capital’s known posture on co-investments alongside external GPs?
The firm regularly co-invests with partners including Knighthead Funding, Bayside Capital, and The Jordan Company on real estate and industrial transactions.
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