The AVENUE GROUP is a privately held investment adviser that advises $11.15Bn in regulatory assets under management held in 4 SEC fund types across 8 investment strategies. AVENUE GROUP is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets decreased by 8.46% over the last 5-years.
The Group has been registered with the SEC for 26.05 years and is comprised of 3 filing and 7 relying advisers. They operate out of 4 office locations with their Headquarters at 11 WEST 42ND STREET 9TH FLOOR, NEW YORK, NEW YORK. The Group has not been subject to regulatory enforcement actions. They are regulated by 8 US and Non-US bodies.
They have 183 employees comprised of 39 investment and 144 non-investment staff. The total number of Employees increased by 5.17% over the last 5-years.
Their $11.15Bn in assets advised are owned by 70 private funds, 2 public funds and BDCs and 0 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $10.78Bn or 96.67% of Total Assets and Investment Companies (IC) own $371.37mn or 3.33% of Total Assets.
The Group's top investment strategies include Multi Strat, Traditional LBO and FI/Credit - Distress, representing 58.99%, 14.21% and 10.65% of total assets, respectively.
They advise 2 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Investment Companies (IC).
The Group uses 1 Fund Administrators, 2 Fund Auditors, 3 Prime Brokers, 25 Custodians and 30 Marketers. It does not report a third-party Fund Administrator in 5 private funds with $227.15mn in assets.
The Group discloses management fees and performance-based fees.
AVENUE GROUP names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.