AR also revisits Conatus, the first Lone Pine spinout.
One year ago
»» Assets at Marc Lasry’s Avenue Capital Group dipped to $12.3 billion by midyear 2011, from $18 billion just six months earlier, as the firm had been liquidating a private equity vehicle launched in 2007.
The firm’s capital base has held steady since then, sliding to $12.2 billion at the start of 2012 and landing at $12.4 billion in the upcoming Billion Dollar Club survey for midyear. Its figure next year is likely be higher; Avenue raised nearly $3 billion this summer for a new European distressed fund. Lasry said in