Overview
Canyon Capital Advisors LLC (“Canyon” or the “Adviser”) is a multi-strategy, credit-focused, global
value-oriented asset management firm that invests across a variety of asset classes, including bank debt,
high yield, distressed and special situation securities, securitized assets, equities (including SPACs,
preferreds and common stock), convertible arbitrage and risk arbitrage.
Canyon is owned by Canyon Partners, LLC, and has been registered with the SEC as an investment adviser,
through its predecessor Canyon Capital Management, L.P., since 1994. Canyon Partners is owned by
family limited liability companies and/or trusts that are ultimately controlled by Joshua S. Friedman and
Mitchell R. Julis. Canyon provides discretionary advisory services to private investment vehicles (referred
to hereinafter as a “Fund” or collectively as “Funds”) and managed accounts (together with Funds,
collectively referred to as “Client(s)”).
As of December 31, 2023, Canyon had twenty (20) Clients and
regulatory assets under management of approximately $13.6 billion, all of which is managed on a
discretionary basis.
Advisory services are generally not tailored to the individual needs of Fund investors and Fund investors
are generally not permitted to impose restrictions on investing in certain securities or types of securities.
However, with respect to managed accounts, Clients may obtain tailored advisory services and impose
restrictions on investing in certain securities or types of securities, all of which would be detailed through
a written investment advisory agreement.
The principals of Canyon are Joshua S. Friedman and Mitchell R. Julis (collectively, the “Canyon
Principals”). Messrs. Friedman and Julis lead Canyon and are responsible for the investment activities of
Canyon’s Clients as well as Canyon’s research strategy and firm management.