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Marc Lasry

15 statements across 1 episodes · 6 bullish · 1 bearish · 1 people on the record · first statement May 15, 2023 by Marc Lasry · said 1 times in 1 episodes since 2023 · across every show →

On the record as a speaker too: Marc Lasry's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Marcia Page (1)

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2023 1 mention in 1 episode

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Everything said about Marc Lasry, oldest first

May 15, 2023
Insight
Lasry: Being right is irrelevant without the time to be right
“It's irrelevant being right. You need to have the time to be right.”
Marc Lasry May 15, 2023 ▶ 1:07:30 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 bearish
Prediction Held up
Lasry: Private equity will not return 15-20% over the next three years
“Today, you can make loans at 12 to 15%, because nobody else is making them, and you're senior and you're secured, but I don't think private equity over the next three years is gonna make you 15, 20%, and if it does, that's great,”
Marc Lasry May 15, 2023 ▶ 35:55 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023
Assertion Supported
Lasry: In 1988, $150M was the world's largest distressed fund
“In 1988, we were the largest distress fund in the world with one hundred and fifty million dollars.”
Marc Lasry May 15, 2023 ▶ 13:47 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 positive
Disclosure
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…”
Marc Lasry May 15, 2023 ▶ 43:13 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 bullish
Disclosure
Lasry: Avenue Capital plans to launch a sports investment fund
“I think we're gonna go do a sports fund, mainly because I think I learned quite a bit about investing in sports and understanding sports that I don't think others know.”
Marc Lasry May 15, 2023 ▶ 35:29 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023
Assertion Not checkable as stated
Lasry: Doubled proprietary capital annually for five straight years starting in 1990
“It was about 5,000,010 million. But we doubled the money every year for about five years, and that's how we started Avenue.”
Marc Lasry May 15, 2023 ▶ 16:12 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 neutral
Disclosure
Lasry: We paid 100 times cash flow to buy the Milwaukee Bucks
“I bought the team, we paid a hundred times, and on the investment world, that seems high, because you would never do that”
Marc Lasry May 15, 2023 ▶ 26:26 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 positive
Assertion Not checkable as stated
Lasry: Cowen distressed group posted 70% and 60% consecutive annual returns
“I mean, we were up our first year 70%. So 70% on fifty million is Thirty-five million dollars on five hundred million, which is what they were doing. It was a lot of money. And the following year, we were up 60%.”
Marc Lasry May 15, 2023 ▶ 13:04 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 positive
Assertion Not checkable as stated
Lasry: Sports franchise lending offers ~20% loan-to-value ratios
“I think you can lend at around a 20% loan to value, which you can't find anywhere.”
Marc Lasry May 15, 2023 ▶ 50:38 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023
Assertion Not publicly verifiable
Lasry: R.D. Smith bought Lionel claims at 20 cents before 80-cent payout
“They were paying 20 cents for claims, and under the plan of reorganization, we were paying them 60 cents for cash and 20 cents in stock.”
Marc Lasry May 15, 2023 ▶ 11:24 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 neutral
Insight
Marc Lasry targets 500 bps spread for Asia credit, 200-300 bps for Europe
“For investing in Asia. I always think it should be 500 basis points more. Europe should be two to 300 basis points more. Right? US is just more liquid.”
Marc Lasry May 15, 2023 ▶ 38:28 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 positive
Disclosure
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…”
Marc Lasry May 15, 2023 ▶ 18:39 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 neutral
Disclosure
Lasry: Avenue Capital returned half its AUM to investors in 2011
“We returned half the money, and we made this big decision to get back half the money because we thought there was just less and less distress, right?”
Marc Lasry May 15, 2023 ▶ 20:48 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 bullish
Prediction Not checkable as stated
Lasry: Women's sports will grow exponentially
“And what I want to do is get involved in women's sports. I think that is going to grow exponentially.”
Marc Lasry May 15, 2023 ▶ 50:47 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
May 15, 2023 neutral
Insight
Lasry: Finance professionals continuously raise their retirement number instead of quitting
“We all say when we make a certain amount of money, we're going to stop. Everybody's got a number in their mind, and then you get to that number, and then you raise your number.”
Marc Lasry May 15, 2023 ▶ 59:33 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
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