Avenue Capital Group was founded in 1995 by Marc Lasry and Sonia E. Gardner. 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.

Prior to founding Avenue, Mr. Lasry and Ms. Gardner founded Amroc Investments, LLC. Amroc began in 1989 as a $100 million distressed debt investment partnership organized by Mr. Lasry and Ms. Gardner in association with the Robert M. Bass Group, Inc.

Headquartered in New York, with offices in London, Luxembourg, Munich, and five offices throughout Asia, the firm manages assets estimated to be approximately $13.1 billion as of March 31, 2012. Avenue draws on the skills and experience of approximately 250 employees and its Senior Principals, Marc Lasry and Sonia E. Gardner, who have spent virtually their entire careers in the field of distressed investments.