# Canyon Partners

Canyon Partners is an Asset Manager based in Dallas, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** 2000 Avenue of the Stars, 11th Floor, Los Angeles, CA 90067, United States
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** www.canyonpartners.com

## About

Canyon Partners is an SEC-registered investment adviser in Dallas, TX, registered since 1998. The firm manages approximately $2.9 billion in regulatory assets. It has 198 employees and 80 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds
- Secondaries & Special Situations

## Offices

- New York, NY, United States
- Dallas, TX, United States
- London, United Kingdom
- Hong Kong, China
- Tokyo, Japan

## People

- Josh Friedman — Co-Founder, Co-Chairman & Co-CEO
- Mitch Julis — Co-Founder, Co-Chairman & Co-CEO

## Questions

### Who runs investment decisions at Canyon Partners?

Co-Founders, Co-Chairmen, and Co-CEOs Josh Friedman and Mitch Julis share ultimate investment and strategic authority. The firm has operated under this dual-CEO structure since 1990, with day-to-day portfolio decisions delegated to sector heads across corporate credit, structured credit, real estate, and liquid strategies.

### How is Canyon Partners structured relative to a traditional hedge fund?

Canyon operates a hybrid model that spans hedge-fund-style open-ended vehicles, closed-end drawdown funds, and a CLO issuance platform. Because it manages commingled capital across liquidity profiles — and since Dai-ichi Life Holdings took a 19.9% stake in September 2023 — the firm blends elements of an alternative asset manager with a permanent capital base.

### Does Canyon receive permanent capital from its insurance partner?

The September 2023 strategic agreement with Dai-ichi Life Holdings gives Canyon a permanent capital anchor. Dai-ichi allocates to Canyon's funds and CLOs while gaining distribution rights for Canyon's products in Japan, creating a balance-sheet partnership that reduces redemption risk relative to purely market-funded credit managers.

### What real estate strategies does Canyon run?

Canyon originates senior mortgages, mezzanine debt, and structured equity on transitional and value-add commercial real estate. The firm launched its first commingled real estate debt strategy to pool institutional capital alongside deal-by-deal co-investments, targeting properties where a credit-intensive underwriting process can extract better terms.

### How does Canyon integrate ESG into credit investing?

Canyon formalized an ESG-focused strategy and became a UN Principles for Responsible Investment signatory, later replacing its initial ESG approach with a broader Responsible Investment Policy. The firm integrates environmental, social, and governance factors into its credit analysis where data is available, treating governance and climate risk as inputs to default-probability assessment rather than as a separate screening exercise.

### How are Canyon's founders involved after 35 years?

Josh Friedman and Mitch Julis remain Co-Chairmen and Co-CEOs with active portfolio and strategic involvement. The firm's governance document designates both founders as the senior investment committee, meaning no singular succession event has occurred; the dual-leader model distributes key-person risk across two principals.

## Related profiles

- [Confluent](https://altss.com/profile/confluent)

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Last updated: 2026-06-03T20:00:00.000Z

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