A Conversation with Marc Lasry on Distressed Investing

The Yield

What is distressed investing, and how does it work as a financial strategy? On this episode Yieldstreet President, CIO & Co-Founder Michael Weisz is joined by Marc Lasry, CEO & Co-Founder of Avenue Capital Group and co-owner of the NBA Milwaukee Bucks, for a discussion on distressed investing and where opportunities for distressed investing may exist.

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Key Takeaways:

[1:52] An introduction of Marc Lasry, some of his favorite global investment opportunities and his role at Avenue Capital Group.

[4:58] What is distressed investing and why is it so exciting in today’s market?

[9:07] Examples of recent high yield distressed investing opportunities.

[14:02] Understanding the definition of distressed investing in layman’s terms.

[16:32] Potential outcomes of distressed investing from a risk perspective and how global reach drives value.

[21:02] Marc reveals the source of his fascination with Superman and how it helped drive his success.

[22:44] Insights into where to focus in this market and what distressed investing might look like as we emerge from the pandemic.

[29:23] The importance of global reach and domain experience in distressed market investing.

[33:34] Transitioning from practicing law into the investment business.

[35:05] Lessons learned from unsuccessful deals and the differences between perceived and real risk.

[40:39] Getting started — advice for an individual investor regarding startup capital.

[41:52] The connection between rebounds in the Milwaukee Bucks and in distressed investing.

Mentioned in This Episode:

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