9AT: RIVER CANYON FUND MANAGEMENT LLC

RIVER CANYON FUND MANAGEMENT LLC

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RIVER CANYON FUND MANAGEMENT LLC

Adviser Profile

As of Date	08/05/2025
ADV Location	LOS ANGELES, CA, United States
Adviser Type - Large advisory firm
Number of Employees	161 2%
of those in investment advisory functions	48 14%
Registration	SEC, Approved, 11/04/2013

AUM^*	1,139,990,000 9%
of that, discretionary	1,139,990,000 9%
Private Fund GAV^*	0
Avg Account Size	569,995,000 63%
SMA’s	Yes
Private Funds	0
Contact Info	214 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

2B 2B 1B 1B 830M 553M 277M

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

River Canyon Fund Management LLC (“River Canyon” or the “Adviser”) is a multi-strategy, credit- focused, 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. River Canyon is a wholly-owned subsidiary of Canyon Capital Advisors LLC, which is owned by Canyon Partners, LLC. River Canyon registered with the SEC as an investment adviser in November 2013. Canyon Partners is owned by family limited liability companies and/or trusts that are ultimately controlled by Joshua S. Freidman and Mitchell R. Julis. River Canyon provides discretionary advisory and subadvisory services primarily to registered investment companies (“RICs”) and may also provide such services to private funds or other types of pooled investment vehicles and separately

managed accounts (“SMAs”) (collectively referred to as “Clients”). River Canyon has three (3) Clients, and regulatory assets under management of approximately $885 million as of December 31, 2023. 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 SMAs, 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 River Canyon are Joshua S. Friedman and Mitchell R. Julis (collectively, the “River Canyon Principals”). Messrs. Friedman and Julis lead River Canyon and are responsible for the investment activities of River Canyon’s Clients as well as River Canyon’s research strategy and firm management.