Marc Lasry
Overview
- Source of Wealth
- Hedge funds
- Industry
- Finance & Investments
- Residence
- New York, New York
- Organization
- Founder at Avenue Capital Group
- Education
- Clark University (Bachelor of Arts/Science)New York Law School (Doctor of Jurisprudence)
- Marital Status
- Married
- Children
- 5
Biography
Marc Lasry and his sister Sonia founded Avenue Capital Management in 1995 with $7 million in funding from friends and family.
The firm manages about $13 billion in assets and focuses on distressed and undervalued securities.
Lasry was born in Morocco and moved to the U.S. at age 7 with his family, sharing a bedroom with his 2 siblings for a decade.
He is a major supporter of the Democratic Party, having raised funds for President Obama and candidate Hilary Clinton in the past.
Lasry reportedly sold a 25% stake in the Milwaukee Bucks in 2023, when the team was valued at $3.5 billion.
About
In 2017, his daughter Sophie married Alex Swieca, the son of a cofounder of hedge fund Highbridge Capital.
A comic book collector, Lasry sold a Wonder Woman #1 comic at auction for a record $291,000 in 2016.