Avenue raises $2.8bn for new Europe distressed fund

Mon Jul 23, 2012

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Marc Lasry
Avenue Capital, the $12.5 billion New York-based distressed investing firm led by Marc Lasry, has raised almost $3 billion for its second European special situations fund in a move that dramatically underlines the appetite among global investors to exploit opportunities in the crisis-torn European area.

The Avenue Europe Special Situations Fund II, which has a long-term locked-in capital structure, recently launched with...

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