Marc Lasry is likely to leave Avenue Capital for the American
Embassy in Paris.
||Avenue co-founders Sonia Gardner
and Marc Lasry (Photo: Bloomberg)
Former President Bill Clinton said that Lasry "got some good
news" at an event Wednesday where he was told he would be
nominated, according to a
Politico report today.
The $12.2 billion distressed investment-focused firm has
been quiet on the issue, preferring to wait for an official
nomination by the White House before addressing the matter with
clients. An external spokesman for Avenue, Todd Fogarty of
public relations firm Kekst and Company, declined to comment on
the new report.
Recent conversations with investors and a review of legal
documents for Avenue's hedge and private equity funds shows
that Lasry's potential departure is unlikely to shake up the
firm or lead to large redemptions (See also:
Big redemptions unlikely if Avenue loses Lasry to Parisian