Avenue Capital Group LLC, the distressed-debt firm co-founded by Marc Lasry, has appointed Richard Furst as chief investment officer amid speculation that Lasry will be nominated as U.S. ambassador to France.
Avenue Capital Group LLC, the distressed-debt firm that’s among a group of creditors winning big from the bankruptcy of Energy Future Holdings Corp., is gathering capital for its first fund dedicated to troubled energy companies.
A group of Energy Future Holdings Corp.’s unsecured bondholders including billionaire Marc Lasry’s Avenue Capital Group are poised to walk off owning the most profitable asset of the bankrupt power producer after engineering a deal to avoid a free-for-all restructuring.
National Basketball Association owners unanimously approved the sale of the Milwaukee Bucks to Avenue Capital Management’s Marc Lasry and Fortress Investment Group LLC cofounder Wesley Edens for $550 million.
A group of Goldman Sachs Group Inc. traders in the U.S. is being pursued by at least three competing firms including Avenue Capital Group as the investment bank prepares to break up the unit, according to two people briefed on the discussions.
Avenue Capital Group LLC, the distressed-debt firm co-founded by billionaire Marc Lasry, has closed its second European fund at $2.78 billion to invest in companies hurt by the region’s sovereign-debt crisis, according to a person familiar with the situation.