Avenue Europe International Management, L.P. (New York)


Avenue Europe International Management, L.P. is a large advisory firm based in New York. It manages $4.1 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of New York.

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Avenue Europe International Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Avenue Europe International Management: assets under management

The assets under management (AUM) of Avenue Europe International Management, L.P. is $4.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 249% since the beginning of its operation, and $3.86 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $4.1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $178.1 million each.
Avenue Europe International Management has custody of $4.1 billion in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Avenue Europe International Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Avenue Europe International Management serves?

The only and largest group of clients of Avenue Europe International Management is pooled investment vehicles with 23 clients and $4.1 billion of assets under management. Among the 10 most similar advisory firms, Avenue Europe International Management has the highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $4.1 billion for 23 clients. 83% of the firm’s clients are foreign persons or businesses.

Avenue Europe International Management also advises several private funds. Namely, fifteen hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $250,000,000.

Careers at Avenue Europe International Management, L.P.

The company employs 170 people that are either part- or full-time employees. 11 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 10 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Marc Lasry Chairman and chief executive officer of avenue capital group 1 Feb 2004 Other 1576735
Sonia Esther Gardner President, managing partner and general counsel of avenue capital group 1 Feb 2004 Other 1821166
L.P. Avenue Europe International Management Partner of avenue europe management, llp 1 Feb 2004 75% - 100% 131937
Marc Nmn Lasry Chairman and chief executive officer of avenue capital group 1 Feb 2004 Other 1576735
Ira S. Balsam Chief financial officer 1 Feb 2004 Other 4774386
Llc Avenue Europe Participation Plan Member of avenue europe investments genpar, llc 1 Jul 2004 Other 20-1435678
Llc Avenue Europe International Management Genpar General partner of avenue europe international management, l.p. 1 Jun 2005 Other 32-0153486
Eric Lawrence Ross Senior managing director, chief compliance officer of avenue capital group 1 Mar 2006 Other 4462506
Eric L. Ross Chief compliance officer and vice president - legal 1 Mar 2006 Other 4462506
Ltd. Avenue England Shareholder of avenue germany management, gmbh 1 May 2006 75% - 100% 98-0499435
Llc Avenue Gl Europe Limited partner of avenue europe international management, l.p. 1 Oct 2006 75% - 100% 20-2588646
Llc Avenue Europe Investments Genpar Shareholder of avenue europe international master genpar, ltd. 1 Dec 2006 75% - 100% 33-1084831
Llc Gl Europe Partners Ii Managing member of avenue europe capital partners ii, llc 1 Jan 2008 75% - 100% 45-1303249
Llc Gl Europe Partners Managing member of avenue europe capital partners, llc 1 Feb 2008 75% - 100% 26-2555790
Robert Dennis Ollwerther Chief operating officer 1 Jun 2008 Other 5187415
David Michael Croen Senior managing director, chief risk officer of avenue capital group 1 Jul 2008 Other 4890182
David M Croen Chief risk officer 1 Jul 2008 Other 4890182
David M. Croen Chief risk officer 1 Jul 2008 Other 4890182
Nish Kolonne Chief technology officer of avenue capital group 1 Feb 2009 Other 6928760
Nish Nmn Kolonne Chief technology officer of avenue capital group 1 Feb 2009 Other 6928760
Marc Lasry Managing member of avenue-slp opportunities fund genpar, llc 1 Oct 2009 Other 1576735
Sonia Esther Gardner Managing member of avenue-slp opportunities fund genpar, llc 1 Oct 2009 Other 1821166
L.P. Avenue Management Holdco Member of avenue-slp opportunities fund genpar, llc 1 Oct 2009 75% - 100% 20-5693574
Llc Avenue Europe Participation Plan Member of avenue-slp opportunities fund genpar, llc 1 Oct 2009 25% - 50% 20-1435678
Llc Avenue Europe Participation Plan Member of avenue europe opportunities fund genpar, llc 1 Nov 2009 Other 20-1435678
L.P. Avenue Management Holdco Member of avenue europe opportunities fund genpar, llc 1 Nov 2009 75% - 100% 20-5693574
Marc Lasry Managing member of avenue europe opportunities fund genpar, llc 1 Nov 2009 Other 1576735
Sonia Esther Gardner Managing member of avenue europe opportunities fund genpar, llc 1 Nov 2009 Other 1821166
Thomas More Larkin Chief financial officer of avenue capital group 1 Apr 2011 Other 4779407
Llc Gl Epo Managing member of avenue epo partners, llc 1 Dec 2012 75% - 100% 46-2667225
Richard Philip Furst Chief investment officer of avenue capital group 1 Mar 2013 Other 1984563
Ltd. Avenue England Shareholder of avenue iberia asesores, s.l. 1 Oct 2013 75% - 100% 98-0499435
Llc Gl Capital Solutions Partners Managing member of avenue europe capital solutions partners, llc 1 Nov 2013 75% - 100% 46-4143700
Gl Europe Iberian Opportunity Partners Llc General partner of avenue europe iberian opportunity genpar, l.p. 1 Jun 2014 Other 47-1303721
Llc Gl Sgr Partners General partner of avenue sgr genpar, l.p. 1 Jun 2014 Other 47-1250473
L.P. Gl Europe Iberian Sgr Cayman Sole shareholder of gl europe iberian sgr cayman, ltd. 1 Jun 2014 75% - 100% 99-9999999
Ltd. Avenue England Shareholder of avenue italia advisors s.r.l. 1 Nov 2014 75% - 100% 98-0499435
Llc Gl Europe Partners Iii Managing member of avenue europe capital partners, llc 1 Nov 2014 75% - 100% 47-2384227
Iii Gl Asrs Europe Partners Managing member of avenue-asrs europe opportunities fund genpar, llc 1 May 2015 75% - 100% 47-4218051
Richard Anthony Cocozza Senior managing director, chief risk officer of avenue capital group 1 Feb 2016 Other 4675679
Ty Darren Oyer Chief compliance officer of avenue capital group 1 Sep 2018 Other 5437610
Andrew Keith Schinder Chief compliance officer of avenue capital group 1 Jan 2019 Other 6144858

Indirect Owners

The SEC currently registers 41 indirect owners.

Name Entity Date acquired Ownership Employer ID
Marc Lasry Managing member of gl avenue employee management, llc 1 Dec 2002 75% - 100% 1576735
Sonia Esther Gardner Managing member of gl avenue employee management, llc 1 Dec 2002 Other 1821166
Richard Philip Furst Member of avenue europe participation plan, llc 1 Jul 2004 75% - 100% 1984563
Llc Gl Avenue Employee Management Managing member of avenue europe participation plan, llc 1 Jul 2004 Other 30-0144071
Marc Lasry Managing member 1 Jun 2005 75% - 100% 1576735
Llp Avenue Europe Management Shareholder of avenue england, ltd. 1 May 2006 75% - 100% 98-0437945
Marc Lasry Managing member (elected manager) of avenue gl europe, llc 1 Oct 2006 50% - 75% 1576735
Sonia Esther Gardner Managing member (elected manager) of avenue gl europe, llc 1 Oct 2006 Other 1821166
L.P. Avenue Management Holdco Managing member of avenue gl europe llc 1 Oct 2006 Other 20-5693574
Llc Avenue Management Holdco Genpar General partner of avenue management holdco, l.p. 1 Oct 2006 Other 20-5693752
Llc Msm Management Limited partner of avenue management holdco, l.p. 1 Oct 2006 50% - 75% 20-5694049
Llc Gl Management Managing member of msm management, llc 1 Oct 2006 75% - 100% 20-5694166
Llc Avenue Investment Holdco Genpar General partner of avenue investment holdco, l.p. 1 Oct 2006 Other 20-5693675
Llc Msm Investment Limited partner of avenue investment holdco, l.p. 1 Oct 2006 75% - 100% 20-5693995
Llc Gl Investment Managing member of msm investment, llc 1 Oct 2006 75% - 100% 20-5694109
Marc Nmn Lasry Managing member (elected manager) of avenue gl europe, llc 1 Oct 2006 50% - 75% 1576735
Ms Ars Holdings A Inc. Limited partner of avenue management holdco, l.p. 1 Oct 2006 25% - 50% 99-9999999
Marc Lasry Managing member of gl europe partners ii, llc 1 Jan 2008 Other 1576735
Sonia Esther Gardner Managing member of gl europe partners ii, llc 1 Jan 2008 Other 1821166
L.P. Avenue Management Holdco Member of gl europe partners ii, llc 1 Jan 2008 50% - 75% 20-5693574
Llc Avenue Europe Participation Plan Member of gl europe partners ii, llc 1 Jan 2008 25% - 50% 20-1435678
Marc Lasry Managing member of gl europe partners, llc 1 Feb 2008 Other 1576735
L.P. Avenue Investment Holdco Member of gl europe partners, llc 1 Feb 2008 75% - 100% 20-5693482
Sonia Esther Gardner Managing member of gl europe partners, llc 1 Feb 2008 Other 1821166
Marc Lasry Managing member of gl epo, llc 1 Dec 2012 Other 1576735
Sonia Esther Gardner Managing member of gl epo, llc 1 Dec 2012 Other 1821166
L.P. Avenue Investment Holdco Member of gl epo, llc 1 Dec 2012 50% - 75% 20-5693482
Llc Avenue Europe Participation Plan Member of gl epo, llc 1 Dec 2012 25% - 50% 20-1435678
Marc Lasry Managing member of gl capital solutions partners, llc 1 Nov 2013 Other 1576735
Sonia Esther Gardner Member of gl capital solutions partners, llc 1 Nov 2013 Other 1821166
L.P. Avenue Investment Holdco Member of gl capital solutions partners, llc 1 Nov 2013 50% - 75% 20-5693482
Llc Avenue Europe Participation Plan Member of gl capital solutions partners, llc 1 Nov 2013 25% - 50% 20-1435678
Marc Lasry Managing member of gl europe iberian opportunity partners llc 1 Jun 2014 Other 1576735
L.P. Avenue Investment Holdco Member of gl europe iberian opportunity partners llc 1 Jun 2014 75% - 100% 20-5693482
L.P. Avenue Europe International Management Sole shareholder of gl europe iberian sgr cayman genpar ltd. 1 Jun 2014 75% - 100% 131937
Marc Lasry Managing member of gl europe partners iii, llc 1 Nov 2014 Other 1576735
L.P. Avenue Management Holdco Member of gl europe partners iii, llc 1 Nov 2014 50% - 75% 20-5693574
Llc Avenue Europe Participation Plan Member of gl europe partners iii, llc 1 Nov 2014 25% - 50% 20-1435678
L.P. Avenue Management Holdco Member of gl asrs europe partners, llc 1 May 2015 50% - 75% 20-5693574
Llc Avenue Europe Participation Plan Member of gl asrs europe partners, llc 1 May 2015 25% - 50% 20-1435678
Marc Lasry Managing member of gl asrs europe partners, llc 1 Jun 2015 Other 1576735

Based in New York

The principal office where Avenue Europe International Management, L.P. performs its advisory services is located at 399 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-878-3500 or by fax 212-486-1843. The normal business hours are 8:30 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at avenuecapital.com.