Canyon Capital Advisors Llc
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 107922
· SEC file 801-55592
· Dallas, TX
· WWW.CANYONPARTNERS.COM
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $11.9B
- Discretionary
- $11.7B
- Clients
- 28
- Avg AUM / client
- $426M
- Accounts
- 28
- Employees
- 192
AUM over time
$11.9B
$22.4B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 25 | $11.7B | 98.0% |
| Corporations and other businesses | 3 | $243M | 2.03% |
Private funds (20)
View all →Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $13.8B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| The Canyon Value Realization Master Fund, L.P. master | Hedge Fund | Cayman Islands | $4.5B | 351 |
| Canyon Distressed Opportunity Master Fund Iii, Lp master | Hedge Fund | Cayman Islands | $2.3B | 1,179 |
| Canyon Balanced Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $1.5B | 293 |
| Canyon Value Realization Fund, L.P. | Hedge Fund | Delaware | $1.4B | 279 |
| Canyon Ic Credit Master Fund L.P. master | Hedge Fund | Cayman Islands | $828M | 1 |
| Canyon Asp | Hedge Fund | Cayman Islands | $600M | 1 |
| Canyon Capital Solutions Fund, Lp master | Hedge Fund | Delaware | $418M | 19 |
| Canyon Nz Dof Investing, Lp | Hedge Fund | Delaware | $404M | 1 |
| Canyon Capital Clo 2014 1, Ltd master | Securitized Asset Fund | Cayman Islands | $367M | 4 |
| Canyon Distressed Tx Lp | Hedge Fund | Delaware | $266M | 1 |
| Canyon Clo Fund Iii Lp master | Private Equity Fund | Delaware | $245M | 125 |
| Canyon Clo Fund Ii L.P. master | Private Equity Fund | Delaware | $237M | 127 |
| Canyon Esg Master Fund, L.P. master | Hedge Fund | Cayman Islands | $220M | 27 |
| Canyon E Cap Solutions Fund Lp | Hedge Fund | Delaware | $133M | 14 |
| Cdof Iv Master Fund, L.P. master | Hedge Fund | Cayman Islands | $129M | 216 |
People (8)
| 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 | Member/Manager And Trustee | Dec 2001 (25y) | 50% – 75% of Soldiers Field Park Products, Llc (indirect) | |
| Kaplan, Jonathan, Matthew | Chief Operating Officer | Aug 2007 (19y) | Less than 5% | |
| Anderson, Douglas, Anthony | Chief Compliance Officer | Feb 2008 (19y) | Less than 5% | |
| Julis, Linda, Joleen | Trustee | Dec 2018 (8y) | GP / trustee / elected manager of Mitchell And Linda Joleen Julis 1995 Trust (indirect) | |
| Silva, Luis, Alejandro | Chief Financial Officer | 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 |
| 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 |
| Joshua And Beth Friedman Trust | Member | Jan 2020 | B | ≈ 14.06% – 56.25% via Fcp Asset Holdings Llc |
| Mitchell And Linda Joleen Julis 1995 Trust | Member | Jan 2020 | B | ≈ 14.06% – 56.25% via Ionnina And Arta Investments Llc |
| Pumada Llc | Manager And Member | Jan 2020 | B | GP / trustee / elected manager of Fcp Asset Holdings Llc (indirect) |
| Soldiers Field Park Products, Llc | Manager And Member | Jan 2020 | B | GP / trustee / elected manager of Ionnina And Arta Investments 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
- 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
- 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
- Mitchell And Linda Joleen Julis 1995 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
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 (20, $13.8B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| The Canyon Value Realization Master Fund, L.P. | Hedge Fund | $4.5B | $1.0M | 351 |
| Canyon Distressed Opportunity Master Fund Iii, Lp | Hedge Fund | $2.3B | $1.0M | 1,179 |
| Canyon Balanced Master Fund, Ltd. | Hedge Fund | $1.5B | $1.0M | 293 |
| Canyon Value Realization Fund, L.P. | Hedge Fund | $1.4B | $1.0M | 279 |
| Canyon Ic Credit Master Fund L.P. | Hedge Fund | $828M | $1.0M | 1 |
| Canyon Asp | Hedge Fund | $600M | $1.0M | 1 |
| Canyon Capital Solutions Fund, Lp | Hedge Fund | $418M | $1.0M | 19 |
| Canyon Nz Dof Investing, Lp | Hedge Fund | $404M | $1.0M | 1 |
| Canyon Capital Clo 2014 1, Ltd | Securitized Asset Fund | $367M | $1.0M | 4 |
| Canyon Distressed Tx Lp | Hedge Fund | $266M | $1.0M | 1 |
| Canyon Clo Fund Iii Lp | Private Equity Fund | $245M | $1.0M | 125 |
| Canyon Clo Fund Ii L.P. | Private Equity Fund | $237M | $1.0M | 127 |
| Canyon Esg Master Fund, L.P. | Hedge Fund | $220M | $1.0M | 27 |
| Canyon E Cap Solutions Fund Lp | Hedge Fund | $133M | $1.0M | 14 |
| Cdof Iv Master Fund, L.P. | Hedge Fund | $129M | $1.0M | 216 |
| Canyon Edof (Master) Lp | Hedge Fund | $121M | $1.0M | 1 |
| Ep Canyon Ltd. | Hedge Fund | $85.9M | $100K | 4 |
| Canyon Clo Fund L.P. | Private Equity Fund | $69.6M | $1.0M | 38 |
| Canyon Distressed Opportunity Investing Fund Iii, Lp | Hedge Fund | $28.5M | $1.0M | 1 |
| Canyon Clo Fund Iv L.P. | Private Equity Fund | $0 | $1.0M | 24 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 6.88 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
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗