Avenue Capital Group

Read About Hedge Funds

Key Facts

Founded1995
Websitehttps://www.avenuecapital.com
HeadquartersNew York, NY
Employees200
AUM$5.7 billion
AUM as ofMarch 31, 2017
StrategiesDistressed
Clients35

Overview

Avenue Capital Group is a hedge fund based in New York, NY. It was founded in 1995 by Marc Lasry and Sonia Gardner. They hold $5.7 billion in assets under management as of March 31, 2017. Read their Plain English Brochure. 19th largest hedge fund in Institutional Investor's 2008 Hedge Fund 100, up from 32nd in 2007http://www.iimagazine.com/Rankings/rankingsHeFu100RGlobal08.aspx?LS=EMS204396

Sub Funds and Performance

NameAUM (bn) Type Min Investment Num Clients Internal $ % Fund of Funds $ % Prime Brokers
Avenue Aviation Opportunities Fund II (Onshore), L.P. 0.051 hedge fund 5,000,000 3 2.0 Citi
Avenue Aviation Opportunities Fund, L.P. 0.255 hedge fund 5,000,000 270 2.0 Citi, Goldman
Avenue Coppers Opportunities Fund, L.P. 0.114 hedge fund 50,000,000 4 7.0 Citi, Goldman, JP Morgan
Avenue Credit Opportunities Fund, L.P. 0.090 hedge fund 5,000,000 6 2.0 Citi, Goldman
Avenue Employee Participation Plan, LLC 0.043 Other 0 34 100.0
Avenue Energy Opportunities Fund II, L.P. 0 hedge fund 10,000,000
Avenue Energy Opportunities Fund, L.P. 1.379 hedge fund 10,000,000 58 2.0 3.0 Citi, Goldman, JP Morgan
Avenue Gabriel Fund, L.P. 0.307 hedge fund 10,000 2 Citi
Avenue International Master, L.P. 0.064 hedge fund 5,000,000 474 12.0 17.0 Citi, Goldman, JP Morgan
Avenue Investments, L.P. 0.056 hedge fund 5,000,000 192 5.0 1.0 Citi, Goldman, JP Morgan
Avenue Ppf Opportunities Fund, L.P. 0.420 hedge fund 0 2 1.0 Citi, Goldman
Avenue Real Estate Employee Participation Plan, LLC 0.001 Other 0 4 100.0
Avenue Real Estate Fund LP 0.101 hedge fund 10,000,000 7 12.0
Avenue Special Opportunities Fund II, L.P. 0.544 hedge fund 500,000,000 2 5.0 Citi, Goldman
Avenue Special Situations Fund IV, L.P. 0.034 hedge fund 10,000,000 67 3.0 4.0 Citi, Goldman
Avenue Special Situations Fund V, L.P. 0.087 hedge fund 10,000,000 149 2.0 3.0 Citi, Goldman
Avenue Special Situations Fund VI (Master), L.P. 0.720 hedge fund 10,000,000 78 4.0 1.0 Citi, Goldman
Avenue Strategic Opportunities Fund, L.P. 0.051 hedge fund 5,000,000 2 1.0 Citi
Avenue-Cdp Global Opportunities Fund, L.P. 0.032 hedge fund 50,000 4 1.0 Citi, Goldman, JP Morgan
Mags Capital II, LLC 0.000 hedge fund 0 2 100.0

Historical Performance

2009 Returns
* Down .56% in January, 2009http://dealbreaker.com/2009/02/dear-investors-4.php

2007 Returnshttp://www.iimagazine.com/Rankings/rankingsHeFu100RGlobal08.aspx?src=http://www.iimagazinerankings.com/rankingsHeFu100RGlobal08/Rankings.asp~PageID--2
Asia International: 9%
Europe International: 11%
Avenue International: 10%

Key People

NameTitlePositionOwnership
Richard CocozzaSenior Managing Director, Chief Risk Officer Of Avenue Capital Group Owner or OfficerNone
Richard FurstChief Investment Officer Of Avenue Capital Group Owner or OfficerNone
Sonia GardnerNone Indirect OwnerOther
Sonia GardnerNone Indirect OwnerOther
Sonia GardnerNone Indirect OwnerOther
Sonia GardnerPresident, Managing Partner And General Counsel Of Avenue Capital Group Owner or Officer10 to 25%
Thomas LarkinChief Financial Officer Of Avenue Capital Group Owner or OfficerNone
Marc LasryChairman And Chief Executive Officer Of Avenue Capital Group Owner or Officer50-75%
Marc LasryNone Indirect Owner> 75%
Marc LasryNone Indirect Owner> 75%
Marc LasryNone Indirect Owner> 75%
Eric RossSenior Managing Director, Chief Compliance Officer Of Avenue Capital Group Owner or OfficerNone

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