Avenue Capital Group is looking to sell its division that oversees high yield bonds and leveraged loans within the next two months, according to a source familiar with the matter.

The division oversees $2.8 billion in assets, while the firm, as a whole, manages approximately $16.1 billion. It couldn’t be determined who the potential buyers are. An Avenue spokesman declined to comment. 

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.