Canyon Partners Real Estate Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 107880
· SEC file 801-55634
· Dallas, TX
· WWW.CANYONPARTNERS.COM
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ADV data as of Mar 28, 2026
- Regulatory AUM
- $2.9B
- Discretionary
- $2.9B
- Clients
- 23
- Avg AUM / client
- $127M
- Accounts
- 23
- Employees
- 198
AUM over time
$1.2B
$3.3B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 28, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 23 | $2.9B | 100.0% |
Private funds (21)
View all →Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $2.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cred Iii Master Fund Lp master | Real Estate Fund | Delaware | $636M | 49 |
| Canyon Laurel Master Fund Ii L.P. master | Real Estate Fund | Delaware | $590M | 161 |
| Ccf Iii | Real Estate Fund | California | $491M | 2 |
| Canyon Laurel Master Fund L.P. master | Real Estate Fund | Delaware | $140M | 128 |
| Canyon Catalyst Fund Llc | Real Estate Fund | California | $129M | 2 |
| Ccp2020 Llc | Real Estate Fund | California | $109M | 2 |
| Cred Iii K (Cayman) Lp | Real Estate Fund | Cayman Islands | $50.2M | 1 |
| Canyon Ozf Fillmore L.P. | Real Estate Fund | Delaware | $47.2M | 36 |
| Canyon Ozf Symphony Park L.P. | Real Estate Fund | Delaware | $39.8M | 36 |
| Canyon Ozf Academy Reno L.P. | Real Estate Fund | Delaware | $38.4M | 45 |
| Canyon Ozf Douglass L.P. | Real Estate Fund | Delaware | $37.0M | 42 |
| Canyon Ozf Riverside L.P. | Real Estate Fund | Delaware | $33.1M | 33 |
| Canyon Ozf Abernethy Lofts L.P. | Real Estate Fund | Delaware | $32.9M | 39 |
| Canyon Ozf Burien L.P. | Real Estate Fund | Delaware | $30.9M | 39 |
| Canyon Ozf Tigard L.P. | Real Estate Fund | Delaware | $28.6M | 28 |
People (10)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Friedman, Beth, Cari | Trustee | May 1998 (28y) | GP / trustee / elected manager of Joshua And Beth Friedman Trust (indirect) | |
| Friedman, Joshua, Stephan | Managing Partner | Dec 2001 (25y) | 50% – 75% of Pumada Llc (indirect) | |
| Julis, Mitchell, Ralph | Managing Partner | Dec 2001 (25y) | 50% – 75% of Soldiers Field Park Products Llc (indirect) | |
| Mansfeld, Sheriden | Chief Financial Officer | Nov 2006 (20y) | Less than 5% | |
| Kaplan, Jonathan, Matthew | Chief Operating Officer | Aug 2007 (19y) | Less than 5% | |
| Anderson, Douglas, Anthony | Chief Compliance Officer | Nov 2013 (13y) | Less than 5% | |
| Potts, Robin, O | Co Head Of Real Estate Investmetns, Director Of Acquisitions | Sep 2015 (11y) | Less than 5% | |
| Julis, Linda, Joleen | Trustee | Dec 2018 (8y) | GP / trustee / elected manager of Mitchell And Linda Joleen Trust (indirect) | |
| Silva, Luis, Alejandro | Chief Financial Officer Canyon Partners | Jan 2021 (6y) | Less than 5% | |
| Cho, Stephen, Peter | General Counsel | Oct 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Cp New Co Llc | Managing Member | May 2024 | A | 75% or more |
| Canyon Holdco Llc | Managing Member | May 2024 | B | ≈ 56.25% – 100% via Cp New Co Llc |
| Mitchell And Linda Joleen Trust | Member | Jan 2020 | B | ≈ 14.06% – 56.25% via Ionnina And Arta Investments Llc |
| Joshua And Beth Friedman Trust | Member | Jan 2020 | B | ≈ 14.06% – 56.25% via Fcp Asset Holdings Llc |
| Fcp Asset Holdings Llc | Owner | May 2024 | B | ≈ 28.13% – 75% via Canyon Holdco Llc |
| Ionnina And Arta Investments Llc | Owner | May 2024 | B | ≈ 28.13% – 75% via Canyon Holdco Llc |
| Pumada Llc | Manager And Member | Dec 2018 | B | GP / trustee / elected manager of Canyon Holdco Llc (indirect) |
| Soldiers Field Park Products Llc | Manager And Member | Dec 2018 | B | GP / trustee / elected manager of Canyon Holdco Llc (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Canyon Holdco Llc: 75% – 100% of Cp New Co Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Mitchell And Linda Joleen Trust: 50% – 75% of Ionnina And Arta Investments Llc × 50% – 75% of Canyon Holdco Llc × 75% – 100% of Cp New Co Llc × 75% – 100% direct ≈ 14.06% – 56.25% of the firm
- Joshua And Beth Friedman Trust: 50% – 75% of Fcp Asset Holdings Llc × 50% – 75% of Canyon Holdco Llc × 75% – 100% of Cp New Co Llc × 75% – 100% direct ≈ 14.06% – 56.25% of the firm
- Fcp Asset Holdings Llc: 50% – 75% of Canyon Holdco Llc × 75% – 100% of Cp New Co Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Ionnina And Arta Investments Llc: 50% – 75% of Canyon Holdco Llc × 75% – 100% of Cp New Co Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (21, $2.5B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cred Iii Master Fund Lp | Real Estate Fund | $636M | $100K | 49 |
| Canyon Laurel Master Fund Ii L.P. | Real Estate Fund | $590M | $100K | 161 |
| Ccf Iii | Real Estate Fund | $491M | $0 | 2 |
| Canyon Laurel Master Fund L.P. | Real Estate Fund | $140M | $100K | 128 |
| Canyon Catalyst Fund Llc | Real Estate Fund | $129M | $0 | 2 |
| Ccp2020 Llc | Real Estate Fund | $109M | $0 | 2 |
| Cred Iii K (Cayman) Lp | Real Estate Fund | $50.2M | $1.0M | 1 |
| Canyon Ozf Fillmore L.P. | Real Estate Fund | $47.2M | $100K | 36 |
| Canyon Ozf Symphony Park L.P. | Real Estate Fund | $39.8M | $100K | 36 |
| Canyon Ozf Academy Reno L.P. | Real Estate Fund | $38.4M | $100K | 45 |
| Canyon Ozf Douglass L.P. | Real Estate Fund | $37.0M | $100K | 42 |
| Canyon Ozf Riverside L.P. | Real Estate Fund | $33.1M | $100K | 33 |
| Canyon Ozf Abernethy Lofts L.P. | Real Estate Fund | $32.9M | $100K | 39 |
| Canyon Ozf Burien L.P. | Real Estate Fund | $30.9M | $100K | 39 |
| Canyon Ozf Tigard L.P. | Real Estate Fund | $28.6M | $100K | 28 |
| Canyon Ozf 19 S L.P. | Real Estate Fund | $28.2M | $100K | 37 |
| Canyon Ozf Lynnwood L.P. | Real Estate Fund | $24.8M | $100K | 33 |
| Canyon Ozf Cathedral Square L.P. | Real Estate Fund | $22.5M | $100K | 18 |
| Canyon Ozf Union L.P. | Real Estate Fund | $21.2M | $100K | 35 |
| Canyon Ozf Nevins (P And Q) | Real Estate Fund | $10.5M | $0 | 11 |
| Canyon Mutlifamily Impact Fund Iii Llc | Real Estate Fund | $4.7M | $1.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/28/2026 | 5.54 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- City National Bank $348M (12% of AUM) May 2023
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 28, 2026.
View current Form ADV (SEC/IAPD) ↗