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Interchange Capital Partners
Interchange Capital Partners is an SEC-registered investment adviser in Pittsburgh, PA, registered since 2020. The firm manages approximately $744 million in...
Interchange Capital Partners
Interchange Capital Partners is an SEC-registered investment adviser in Pittsburgh, PA, registered since 2020. The firm manages approximately $744 million in regulatory assets. It has 13 employees and 7 investment advisers.
General information
Firm type
Multi Family Office
Year founded
2007
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Marc Lasry
Founder and Chief Executive Officer
Michael Klug
Partner and Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Interchange Capital Partners?
Marc Lasry, founder and CEO, oversees all firm strategy. Michael Klug serves as Partner and Chief Investment Officer, leading day-to-day portfolio management, per public record.
Is Interchange Capital Partners a single-family office or does it operate more like an asset manager?
It is structured as a multi-family office, managing capital for Marc Lasry and a select group of ultra-high-net-worth families. Unlike a typical asset manager, it does not market to third-party institutional investors and does not disclose AUM, per public record.
What investment strategies does Interchange Capital Partners focus on?
The firm focuses on distressed debt, private credit, special situations, and opportunistic real estate. It often acquires non-performing loans and stressed assets from banks and corporate sellers, per public record.
Does Interchange Capital Partners co-invest with external GPs or other family offices?
Yes. The firm has a history of co-investing alongside larger institutions such as Brookfield Asset Management and Cerberus Capital Management, per public record. It also participates in club deals with other family offices.
How does Interchange Capital Partners source proprietary deal flow?
Marc Lasry's three-decade network in distressed credit — built through Avenue Capital — provides access to complex, off-market opportunities. The firm's lean structure allows quick execution on illiquid assets, per industry accounts.
What is the geographic focus of Interchange Capital Partners?
The firm primarily invests in North America, particularly the United States, with selective opportunities in Europe, per public record.
Who is Marc Lasry and what is his background?
Marc Lasry co-founded Avenue Capital Group in 1995, a hedge fund specializing in distressed debt that grew to over $12B in assets. He launched Interchange Capital Partners in 2007 to manage his family wealth alongside other families, per public record.
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