Avenue Sports Fund

Avenue Capital Group is a global investment firm primarily focused on specialty lending, opportunistic credit, and other special situations investments across the United States, Europe, and Asia. The firm's investment approach emphasizes rigorous analysis of both industries and individual companies, seeking value in outwardly difficult situations and fragmented, capital-constrained markets. Avenue Capital Group is also a signatory to the United Nations Principles for Responsible Investment, underscoring its commitment to ESG issues.

The firm was founded in 1995 by its Senior Principals, Marc Lasry and Sonia Gardner. Both are pioneers in the distressed debt market, having successfully invested in public and private debt and equity securities for nearly three decades. Prior to establishing Avenue Capital Group, Mr. Lasry and Ms. Gardner co-founded Amroc Investments, LLC in 1989, a distressed debt investment partnership.

Avenue Capital Group has a diverse portfolio, including investments in healthcare companies like Medanta, CalciMedica, Proscia, Beyond Air, LifeMD, and Ocugen, as well as technology firms such as Quartzy and ITS Technology Group. Other notable investments span consumer products (Grove, Kin Insurance), environmental services (Enerkem, Rubicon, Braven Environmental), and real estate. The firm also launched the Avenue Sports Fund in November 2023, which closed with over $1 billion in commitments by September 2025. This fund makes equity and debt investments in sports teams, leagues, media, entertainment rights, real estate, and other adjacent businesses, primarily in North America and Europe. Its sports investments include The Bay Golf Club in TGL, Trackhouse Entertainment Group (NASCAR and MotoGP), Ipswich Town Football Club, Mercury/13 (women's football), PGA Tour Enterprises, CityPickle, the Baltimore Orioles, and The North Carolina Courage.

The leadership team includes co-founders Marc Lasry, who serves as Chairman and Chief Executive Officer, and Sonia Gardner, President and Managing Partner. Both have over 40 years of experience in credit investing. The firm's team of over 60 investment professionals, part of a global workforce of over 175 employees, brings extensive experience in deploying capital across various industries and market cycles. Avenue Capital Group maintains a well-developed infrastructure with experienced professionals in accounting, tax, compliance, risk management, legal, investor relations, and information technology.