Canyon Partners, LLC

Canyon Partners, LLC is a global alternative asset management firm founded in 1990 by Joshua S. Friedman and Mitchell R. Julis. Headquartered in Dallas, Texas, the firm specializes in value-oriented special situations investments, employing a deep value and credit-intensive approach across its investment platform. Canyon's mission is to generate attractive risk-adjusted returns for its investors by leveraging specialized expertise, rigorous research capabilities, and the ability to navigate complex market opportunities.

The firm offers a diverse suite of investment strategies, including multi-strategy credit, distressed opportunities, real estate equity and debt, structured credit, and liquid credit strategies. Canyon invests across various asset classes such as distressed loans, corporate bonds, convertible bonds, securitized assets, direct investments, real estate, arbitrage, and event-oriented equities. Its client base includes endowments, foundations, pension funds, sovereign wealth funds, family offices, and other institutional investors, with investments spanning sectors like business products, healthcare, energy, and information technology.

Canyon Partners, which manages approximately $30 billion in assets as of April 2026, maintains a global presence with offices in major financial centers including Los Angeles, New York, London, Hong Kong, Shanghai, and Tokyo. Co-Founders Joshua S. Friedman and Mitchell R. Julis lead the firm, which recently announced leadership promotions in December 2024, including Jeff Kivitz to Chief Investment Officer and Andy Ray to President. The firm continues to be active in the market, closing a $500 million Collateralized Loan Obligation (CLO) in April 2026 and two CLOs totaling nearly $1 billion in September 2025.