|
|
Asia Strategy
Overview
The Avenue Asia Strategy invests in the distressed debt and undervalued debt and equity securities of companies throughout Asia, with a particular focus on China, Indonesia and India. The firm maintains sourcing and investment professionals throughout nine offices in Asia.
The Avenue Asia Strategy generally focuses on: - Companies undergoing a restructuring, reorganization or bankruptcy
- Companies that are operationally sound, but financially troubled due to overleveraged balance sheets, inadequate capitalization or limited access to capital
- Companies that are undervalued because of discrete extraordinary events or economic conditions
- Companies being sold for less than their intrinsic value
As of June 30, 2010, the firm's assets under management allocated to the Avenue Asia Strategy were estimated to be approximately $2.3 billion.
Approach
Avenue's experienced investment professionals seek undervalued securities or assets being sold at a discount by non-economic sellers, including single assets or concentrated pools of assets. The team leverages its extensive network of local investment, legal, and accounting professionals to source and execute investment opportunities and engages in active portfolio management. In addition to seeking special situations investments the Avenue Asia Strategy focuses on investments in debt and equity across industries, sectors and geography.
The strategy generally targets:
- Distressed debt
- Performing/restructured debt
- Non-performing loans
- Viable companies generating positive cash flow
- Purchases from non-economic sellers
Senior Management Team:
The Avenue Asia Strategy is managed by a team of senior investment professionals who have spent virtually their entire careers in the distressed debt and securities markets. In addition, numerous investment professionals support the senior investment team.The senior management team includes:
|
|
|
|