Avenue Capital Group
also referred to as: avenue capital
12 statements across 1 episodes · 6 bullish · 3 bearish · 1 people on the record · first statement May 15, 2023 by Marc Lasry · said 20 times in 1 episodes since 2023 · across every show →
Mentions by year
brought up most by Marc Lasry (12), Ted Seides (8)
tap a year for its mentions
2023 20 mentions in 1 episode
Everything said about Avenue Capital Group, oldest first
May 15, 2023 negative
May 15, 2023 neutral
May 15, 2023 negative
Lasry: Russia seized four planes from Avenue Capital following Ukraine war sanctions
“We have an aviation fund that invests, and we own four planes. Those planes, at the time of the Ukraine war, were taking passengers from Turkey to Moscow. When sanctions came down, Moscow grounded those planes, and we found, all of a sudden, Four of our assets…”
May 15, 2023 positive
Lasry: Avenue caps fund size at $1B to avoid relying on leverage
“Our niche is we try not to raise funds that are larger than a billion dollars. Because the larger we get, the more we're going to compete and need leverage to generate returns. The smaller you are, the more you can generate unlevered returns.”
May 15, 2023 positive
Marc Lasry: Avenue Capital launched venture debt by hiring Hercules executives
“So we started a venture debt group. Because the folks who used to work at Hercules were leaving, and they came over, and we hired all three guys and raised a fund around that, and that fund's done great, mainly because the people we brought in are super talent…”
May 15, 2023 bullish
May 15, 2023 bullish
May 15, 2023
May 15, 2023 positive
Lasry: Public asset management firms gained massive advantage through liquid stock
“And that the firms that went public had a massive advantage, which was that they had Currency to buy others and to tie up employees by giving them stock. And also that currency was liquid. Whereas what we were doing was giving people partnership interests in a…”
May 15, 2023 positive
Lasry: We shut down a brokerage generating 80% of our income
“Sonia came up with the idea that we needed to close the brokerage firm and just focus on the asset management business. And I don't think I was fully bought in on that. It was actually generating, I think for Sonia and I, probably 80% of our income. And she wa…”
May 15, 2023 bearish