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.