Avenue Capital Group & Marc Lasry: a New York Success Story

Marc Lasry
Marc Lasry

For a story of the self-made New Yorker, it doesn’t get much better than this. A native of Morocco, Marc Lasry immigrated to the US with his family as a child. He went to Clark University for his undergraduate degree and then attended law school at NYU.

Leaving law to lead the bankruptcy operations for Cowen & Co., Marc Lasry then worked for Texas billionaire Robert Bass. Finally, in 1995, he launched the Avenue Capital Group with his sister, Sonia Gardner. Headquartered in New York, Avenue manages assets that amount to $12.2 billion. They also have offices in London, Luxembourg, Munich and across Asia.

As described on the Avenue website, “Pioneers in the distressed debt market, Mr. Lasry and Ms. Gardner have successfully invested in the public and private debt and equity securities of distressed companies across a variety of industries for over two decades.”