Avenue Capital Group is a privately-owned hedge fund management firm founded by Marc Lasry and Sonia E. Gardner in 1995
Avenue Capital Group is a privately-owned hedge fund management firm founded by Marc Lasry and Sonia E. Gardner in 1995. The firm has offices in New York, London, Hong Kong, China, Thailand, Indonesia, Singapore and Germany. The firm manages the Avenue series of hedge funds.
Event Driven, Hedge Fund, Long/Short
Avenue Capital Group primarily invests in distressed debt and undervalued credit-related securities of publicly listed and private companies, bank loans and trade claims in U.S., Asia and Europe. The firm will also invest in real estate debt or equity. Avenue Capital conducts extensive research and analysis using both top-down and bottom-up approach to find undervalued opportunities. The firm will typically make a non-controlling investment in a company. Additionally, Avenue Capital maintains sourcing and investment professionals throughout the region of focus. The firm’s investment strategy focuses on companies in financial distress or undergoing turnaround; companies in bankruptcy, reorganization or liquidation; companies that are undervalued because of discrete extraordinary events; and, companies whose securities the firm’s investment team believes to be undervalued. Avenue Capital’s experienced investment professionals seek “good companies with bad balance sheets”, firms with sustainable businesses and positive cash flow but whose financial situation is distressed. The firm generally focus on pre-investment research and analysis rather than post-investment operating issues.