Avenue Capital Group
 |
|
| Limited liability company | |
| Industry | Private Equity, Distressed securities |
| Founded | 1995 |
| Founder | Marc Lasry, Sonia Gardner |
| Headquarters |
399 Park Avenue New York City, New York, U.S. |
| Products | Private equity funds, Hedge funds |
| Total assets | $14.1 billion |
|
Number of employees
|
220 |
| Website | www.avenuecapital.com |
Avenue Capital Group is a global investment firm focusing on distressed securities and private equity with regional teams focusing on opportunities in the United States, Europe and Asia. The firm operates as both a private equity firm and as a hedge fund. Avenue’s core strategy is focused on distressed debt and equity securities although the firm also manages investment funds that focus on long-short opportunities, real estate, and collateralized debt obligations. The firm manages assets valued at approximately $12 billion. The firm was founded by former professionals of Amroc Investments, an affiliate of the Robert M. Bass Group.
The firm is headquartered in New York City, with offices in London, Luxembourg, Munich, Beijing, Hong Kong, New Delhi and Singapore. The firm has established an institutional-quality infrastructure in terms of accounting, compliance legal, investor relations, and information technology capabilities. Avenue has approximately 220 employees across its 8 offices worldwide.
Avenue’s investment professionals seek "good companies with bad balance sheets" — firms with sustainable businesses and positive cash flow but whose financial situation is distressed. The investment team uses Avenue’s top-down/bottom-up approach to find undervalued opportunities and typically seeks to make non-operational control investments in troubled businesses. This provides the strategy maximum trading flexibility and allows Avenue’s investment professionals to focus on pre-investment research and analysis rather than post-investment operating issues.
...
Wikipedia