The firm is headquartered in New York City, with offices in London, Luxembourg, Munich, Beijing, Hong Kong, New Delhi and Singapore.

Avenue's investment professionals seek "good companies with bad balance sheets" — firms with sustainable businesses and positive cash flow but whose financial situation is distressed.

This provides the strategy maximum trading flexibility and allows Avenue's investment professionals to focus on pre-investment research and analysis rather than post-investment operating issues.

[8] In February, 2016 Marc Lasry explained on CNBC that Avenue Capital was taking advantage of the opportunity to purchase loans from European Banks at a discount.

"[9] In August 2018, it was announced Avenue Capital has invested €250million ($278 million) in Castlehaven Finance, an Irish construction sector lending platform.

[10] In March 2021, Avenue signed an agreement with Indian economy airline SpiceJet to accommodate the financing, sale & leaseback of fifty new airplanes.

While building distressed debt, the European branch of the firm also writes loans for small companies that are unable to obtain financing.