Avenue Capital Group

ORIGINATOR PROFILE

Avenue Capital Group (“Avenue” or the “Firm”) was founded in 1995 by Marc Lasry (Chairman, Chief Executive Officer and Co-Founder) and Sonia Gardner (President, Managing Partner and Co-Founder) (collectively, the “Senior Principals”) and has $11.8 billion(as of Oct 31, 2021) in assets under management (“AUM”). The Firm's primary focus is investing in opportunistic credit and other special situations investments in the United States, Europe and Asia. The Senior Principals and the Firm’s Senior Portfolio Managers have spent virtually their entire careers in this investment strategy. The Firm has over 175 employees worldwide (including over 60 investment professionals) as of October 31, 2021,and maintains a well-developed infrastructure with dedicated Accounting, Operations, Legal, Risk Management, Compliance, Business Development and Information Technology Departments.

Avenue has been active in Asia since 1999, having invested over $5.5 billion in the region. They have experience investing through multiple investment cycles, including the 1997/1998 Asian financial crisis, SARS the 2008 global financial crisis, and most recently the COVID-19 pandemic. Their focus is on the Asia Pacific, including select countries in developed Asia (Australia, Singapore, Hong Kong and South Korea) as well as developing Asia (India, China, Indonesia).

Anil Gorthy, Senior Portfolio Manager, joined Avenue in December 2014 and has over 21 years of investment experience in Asia. All senior investment professionals in the team have an average of over 17 years of experience.

¹ Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

² Represents an average net realized internal rate of return (IRR) with respect to all matured investments in your portfolio, utilizing the effective dates and amounts to and from the investments and net of management fees and all other expenses charged to the investments. Past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. All securities involve risk and may result in significant losses, including the loss of principal invested.[read more]

³ "Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.

⁴ Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

⁵ Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

⁶ The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.

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