Marc Lasry
Marc Lasry is a Moroccan-born American billionaire investor and hedge fund manager who co-founded Avenue Capital Group in 1995 with his sister Sonia Gardner, building it into a firm managing roughly $13 billion in assets focused on distressed debt and credit strategies.[1][2] Career FoundationsLasry began his professional path in bankruptcy and restructuring law after earning a J.D. from New York Law School in 1984, accumulating over four decades of experience in credit investing before launching Avenue as an independent distressed debt specialist with initial seed capital of $7 million from personal networks.[2][3][1] Sports Investments
He expanded into sports ownership by acquiring a 25% stake in the NBA's Milwaukee Bucks in 2014 alongside Wesley Edens, retaining it until 2023 when he sold to Jimmy and Dee Haslam amid a team valuation exceeding $3 billion; during this period, the Bucks secured the 2021 NBA championship.[4][5] Lasry has since pursued broader sports-related opportunities, including closing the $1 billion Avenue Sports Fund in 2025 for investments in franchises and related assets.[6] Financial Standing and Recent Developments
As of 2025, Lasry's net worth stands at an estimated $1.9 billion, derived primarily from hedge fund management and equity sales.[7][8] In May 2025, he was named in a $100 million civil lawsuit by a former associate alleging sexual misconduct, retaliation, and defamation, which remains unresolved and unadjudicated.[9]