Old World Value

Marc Lasry founded Avenue Capital with his sister Sonia Gardner in 1995 to invest in good companies with bad balance sheets. A decade and $12 billion later, his firm is among the world’s biggest -- and most global -- distressed investors.

Marc Lasry has a gift for raising money. The co-founder and managing partner of New Yorkbased investment firm Avenue Capital Group and his wife, Cathy, frequently host fundraisers for the Democratic National Committee in their tony, 12,000-square-foot town house on the Upper East Side of Manhattan.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.