Overview
Canyon Partners Real Estate LLC (“CPRE” or the “Adviser”) invests in commercial real estate across
value-added, opportunistic, and debt strategies.
CPRE is owned by entities ultimately controlled by Joshua Friedman and Mitchell Julis. CPRE has been
registered with the SEC as an investment adviser, through its predecessor Canyon Capital Management,
L.P., since 1994. CPRE 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, CPRE had twenty-one (21) Clients and
regulatory assets under management of approximately $2.5 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. For example, managed accounts can be tailored to meet specific
investor preferences including (a) investment type (senior secured or mezzanine loans), (b) portfolio
diversification (loan size, property type and geographic location), and (c) loan maturity (minimum and
maximum terms).
CPRE also provides various consulting and asset management services, which includes but are not limited
to helping firms dispose of or sell assets, recommending the selection of subadvisors to certain
organizations, and providing ongoing mentoring to such subadvisors. CPRE earns fees associated with such
consulting activities.
The principals of CPRE are Joshua S. Friedman and Mitchell R. Julis. Robin Potts is the Chief Investment
Officer of CPRE.. Messrs. Friedman and Julis are ultimately responsible for CPRE’s investment activities,
research strategy, and overall firm management.