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Net gain: Amid crisis, boutique investment firm lands an ace

The COVID-19 crisis hasn’t stopped Fifth Avenue Family Office from executing its strategy. That includes hiring a savvy — yet untested — college athlete to run a new angel fund.


  • By Brian Hartz
  • | 6:00 a.m. June 19, 2020
  • | 0 Free Articles Remaining!
Sophia Blanno, an entrepreneur and former NCAA Division I tennis player, has joined Fifth Avenue Family Office in Naples as an administrator of the firm's Tamiami Angel Funds. Courtesy photo.
Sophia Blanno, an entrepreneur and former NCAA Division I tennis player, has joined Fifth Avenue Family Office in Naples as an administrator of the firm's Tamiami Angel Funds. Courtesy photo.
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Fifth Avenue Family Office, a Naples-based boutique investment firm, picked quite a time — a worldwide pandemic — to start a new angel investment fund. Adding to the unique challenge: It hired a fresh-out-of-college, 20-something to run it. 

But innovation and bucking trends is what the firm’s Tamiami Angel Funds are all about. Collectively, the first three funds have attracted some $15.2 million from 131 investors. The fourth fund, which will be overseen by the newbie, Sofia Blanno, 23, aims to land 45 investors. 

 

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