AVENUE CAPITAL MANAGEMENT II, L.P.
AVENUE CAPITAL MANAGEMENT II, L.P. is a Series C+, debt and buyout fund in the US, Europe, Asia, Asia-Pacific and Northern Europe writing $500K–$10M checks into Climate, specialty-lending, opportunistic-credit, distressed-debt, private-credit, aviation, real-estate-debt, asset-backed-loans and sports.
- Stages
- Series C+, debt, buyout
- Sectors
- Climate, specialty-lending, opportunistic-credit, distressed-debt, private-credit, aviation, real-estate-debt, asset-backed-loans, sports
- Check size
- $500K–$10M
- Invests in
- US-wide, Europe, Asia, Asia-Pacific, Northern Europe
- Actively investing
- Yes
- Founded
- 1995
- Assets under management
- $10.78B
Thesis
Avenue Capital Management II, L.P. is a global alternative investment firm founded in 1995, with a strategic focus on specialty lending, opportunistic credit, and special situations across the United States, Europe, and Asia. The firm employs a theme-driven, concentrated, and research-intensive approach to identify and capitalize on value in fragmented and capital-constrained markets. Their investment strategy targets risk-adjusted returns through various avenues, including specialty lending, dislocated liquid credit, stressed/distressed debt, and undervalued equity of U.S. assets and companies, with sub-strategies in aviation, energy, and real estate debt. Avenue Europe focuses on senior secured, asset-backed loans to borrowers in Northern Europe, while Avenue Asia targets opportunistic credit and special situations in the Asia Pacific region, primarily through senior secured debt with significant collateral. Historically, the firm has emphasized senior debt to achieve optimal risk-adjusted returns, often with significant current returns and a senior position in the capital structure, leading to lower volatility. The firm's investment approach involves rigorous due diligence and leveraging a robust network of relationships to proactively identify public and private opportunities. Avenue Capital Management II, L.P. operates across hedge fund and private equity strategies, serving institutional clients and managing pooled investment vehicles. While the firm has historically focused on distressed debt, its investment focus has evolved towards the private credit markets. As of December 31, 2025, Avenue Capital Group collectively managed approximately $10.78 billion in client assets. Regulatory Assets Under Management (AUM) reported by Avenue Capital Management II, L.P. were approximately $5.0 billion as of August 1, 2026. The firm manages 28 private funds with a total gross asset value of $5.32 billion. Minimum investment amounts for private funds typically range from
Common questions
Does AVENUE CAPITAL MANAGEMENT II, L.P. invest at the Series C+ stage?
Yes. AVENUE CAPITAL MANAGEMENT II, L.P. lists Series C+, debt and buyout among the stages it invests in.
What check size does AVENUE CAPITAL MANAGEMENT II, L.P. write?
AVENUE CAPITAL MANAGEMENT II, L.P. writes $500K–$10M checks.
Where does AVENUE CAPITAL MANAGEMENT II, L.P. invest?
AVENUE CAPITAL MANAGEMENT II, L.P. invests in the US, Europe, Asia, Asia-Pacific and Northern Europe.