Avenue Capital Group was founded by Marc Lasry and his sister Sonia Gardner in 1995.
The investment firm is based in New York, but has offices throughout Europe and Asia, including in London, Luxemborg and Munich. It employs 215 people, and specializes in distressed investments. As of January 2013, Avenue Capital Group manages assets of around $12.2 billion.
According to their website, Avenue Capital Group’s core strategies involve distressed and undervalued debt, as well as equity opportunities in Asia, Europe and the United States. Avenue’s strategies also include real estate, securitized loan obligations and investments in other funds.