Avenue Capital Group is a global alternative investment firm that manages private investment funds. Avenue focuses on specialty lending, opportunistic credit, and other special situations investments in the United States, Europe, and Asia. Avenue provides discretionary investment advice to these funds. Avenue pursues a theme-driven, concentrated investment strategy that is analytically intensive and relies upon individual issuer, industry, and macro research and analysis.
Fee Structure
Avenue Capital Group primarily advises private investment funds. These funds generally pay management fees and either incentive allocations or carried interest, depending on the fund's investment strategy. Management fees are calculated as a percentage of the fund's asset value or aggregate commitments and are generally paid monthly, quarterly, or semi-annually in advance. Incentive allocations or carried interest are calculated as a percentage of the fund's profits. Management fees, incentive allocations, and carried interest rates may be negotiable.