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Interchange Capital Partners
Marc Lasry's Interchange Capital Partners — a multi-family office deploying capital in distressed debt, private credit, and special situations from New...
Interchange Capital Partners
Marc Lasry launched Interchange Capital Partners in 2007 after co-founding Avenue Capital Group in 1995, where he built a $12B distressed-debt franchise. The firm operates as a multi-family office, managing wealth for Lasry and a small group of UHNW families, with an investment focus on opportunistic credit and real estate. The firm targets distressed debt, special situations, and real estate — often acquiring assets from banks and stressed sellers. Known co-investors and deal partners have included Brookfield Asset Management and Cerberus Capital Management, per public record. Geographic activity centers on North America, with select deals in Europe. Interchange Capital Partners operates from New York City with a lean team—estimated under 20 professionals, per industry sources. The firm does not disclose AUM or total deployments publicly, consistent with its private family-office structure. No philanthropic vehicles or operating companies are separately named. A structural differentiator: Lasry's deep network in distressed credit — forged over three decades at Avenue — gives Interchange proprietary access to complex, illiquid opportunities that most family offices cannot source independently. The firm invests alongside Lasry's personal capital, aligning interests tightly with its limited family clients.
General information
Firm type
Multi Family Office
Year founded
2007
AUM
Undisclosed
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.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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