Avenue Capital Group

Avenue Capital Group was founded in 1995 by siblings Marc Lasry and Sonia Gardner, who previously established Amroc Investments. The firm is headquartered in New York City with a significant international presence through offices in London, Luxembourg, Munich, Beijing, Hong Kong, New Delhi, and Singapore. It operates as a multinational investment firm specializing in distressed debt and equity securities, seeking out good companies with sustainable businesses that are hindered by poor balance sheets.

The firm's investment strategy is characterized by a top-down and bottom-up approach to identify undervalued opportunities, typically making non-operational control investments in troubled businesses. Since its inception, Avenue has raised numerous private equity-style funds across the U.S., Europe, and Asia. Notable expansions include the launch of an Asian-focused distressed business in 1999, a European branch in 2004, and the recent launch of the Avenue Sports Fund in 2023.

Avenue Capital Group has also been active in corporate responsibility and impact investing. The firm has supported organizations like Her Justice and launched a fund dedicated to impact investing in 2018. Over its history, the firm has attracted significant institutional interest, including a non-controlling 15% stake purchase by Morgan Stanley in 2006. As of late 2022, the firm managed approximately $12.6 billion in assets.