PE Firm · Capital Allocator

Avenue Capital Group

Medium
New York City, USA · Founded 1995 · AUM $12.6 billion · Website
Distressed SecuritiesPrivate EquitySpecial SituationsLong-Short EquityReal EstateCollateralized Debt ObligationsImpact InvestingDirect LendingReal EstateEnergySportsAviationFinancial ServicesConstructionUnited StatesEuropeAsia
Last verified
10/8/2026

Firm Overview

0
Portfolio tracked
6
Sectors
3
Regions
10/8/2026
Last verified

Avenue Capital Group is an American multinational investment firm specializing in distressed securities and private equity.

Avenue Capital Group was founded in 1995 by siblings Marc Lasry and Sonia Gardner. The firm originated from the founders' previous experience at Amroc Investments and began with less than $10 million in capital. Since then, it has grown into a major multinational investment manager with a significant presence in New York, London, and various Asian financial hubs.

The firm's core strategy focuses on distressed debt and equity securities, seeking out good companies with sustainable businesses that are hindered by bad balance sheets. Avenue typically pursues non-operational control investments, allowing for maximum trading flexibility. Beyond distressed debt, the firm manages funds dedicated to real estate, long-short opportunities, and collateralized debt obligations.

Over its history, Avenue has expanded its footprint through dedicated regional funds for the U.S., Europe, and Asia. Notable milestones include a 15% non-controlling stake purchase by Morgan Stanley in 2006 and the 2023 launch of a specialized Sports Fund. The firm is also active in impact investing and corporate responsibility, supporting organizations like Her Justice.

Founded1995
HeadquartersNew York City, USA
AUM$12.6 billion
Employees220
StrategiesDistressed Securities, Private Equity, Special Situations, Long-Short Equity, Real Estate, Collateralized Debt Obligations, Impact Investing, Direct Lending
Sector focusReal Estate, Energy, Sports, Aviation, Financial Services, Construction
Geographic focusUnited States, Europe, Asia

Leadership

Marc Lasry
Founder and CEO
Co-founder and CEO of Avenue Capital Group, formerly a professional at Amroc Investments.
Sonia Gardner
Founder and President
Co-founder and President of Avenue Capital Group, who also serves as a spokesperson for various firm initiatives.

Notable Investments

Castlehaven FinanceSpiceJetAmroc InvestmentsAvenue Sports Fund

Historical and current deals referenced in public sources.

Portfolio Companies

Portfolio not yet mapped for Avenue Capital Group.

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Portfolio Web Readiness

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Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Avenue Capital Group and does not provide investment advice.

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