Avenue Capital Group collects over $1bn for fifth Europe fund

Avenue Europe Fund's limited partners include public and corporate pension plans, sovereign wealth funds, asset managers and family offices.

  • The fund is focused on providing loans to structurally underserved borrowers across Northern Europe
  • Founded in 1995, Avenue Capital Group is focused primarily on making opportunistic credit and other special situations investments across the US, Europe and Asia
  • Avenue has about $12.2 billion in assets under management

Avenue Capital Group has closed its fifth Europe fund at over $1 billion.

The Avenue Europe Fund’s limited partners include public and corporate pension plans, sovereign wealth funds, asset managers and family offices.

The fund is focused on providing loans to structurally underserved borrowers across Northern Europe.

“We are gratified to have received such strong support for the Avenue Europe Fund from our existing and new investment partners,” said Marc Lasry, CEO and co-founder of Avenue Capital Group in a statement.

Founded in 1995, Avenue Capital Group is focused primarily on making opportunistic credit and other special situations investments across the US, Europe and Asia. Avenue has about $12.2 billion in assets under management.