Canyon Clo Advisors LLC (Los Angeles)

Canyon Clo Advisors LLC is a large advisory firm based in Los Angeles. It manages $2.47 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of California.

Canyon Clo Advisors provides collateral manager to clos. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Canyon Clo Advisors: assets under management

The assets under management (AUM) of Canyon Clo Advisors LLC is $2.47 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2472% since the beginning of its operation, and $2.47 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.47 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $412.33 million each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Canyon Clo Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Canyon Clo Advisors serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Canyon Clo Advisors is pooled investment vehicles with 5 clients and $2.28 billion of assets under management. Among the 9 most similar advisory firms, Canyon Clo Advisors has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.47 billion for 6 clients. 100% of the firm’s clients are foreign persons or businesses.

Canyon Clo Advisors also advises several private funds. Namely, five securitized asset funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Canyon Clo Advisors LLC

The company employs 168 people that are either part- or full-time employees. 30 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Canyon Capital Advisors Llc	Sole member	1 Apr 2015	75% - 100%	107922
Mitchell Ralph Julis	Managing partner	1 Apr 2015	Other	1223735
Joshua Stephan Friedman	Managing partner	1 Apr 2015	Other	1315528
John Paul Plaga	Chief financial officer	1 Apr 2015	Other	4406087
Douglas Anthony Anderson	Chief compliance officer	1 Apr 2015	Other	5079532
Jonathan Matthew Kaplan	General counsel	1 Apr 2015	Other	5506077

Indirect Owners

The SEC currently registers 18 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joshua Stephan Friedman	Trustee	1 May 1998	Other	1315528
Beth Cari Friedman	Trustee	1 May 1998	Other	4381745
Joshua S. Friedman Revocable Gp Trust	Gp of the joshua s. friedman family trust	1 Aug 2004	Other	36-7476157
Beth C. Friedman Revocable Gp Trust	Gp of the joshua s. friedman family trust	1 Aug 2004	Other	36-7476158
Joshua S. Friedman Lifetime Trust	Lp of the joshua s. friedman family trust	1 Aug 2004	25% - 50%	36-7469547
Beth C. Friedman Lifetime Trust	Lp of the joshua s. friedman family trust	1 Aug 2004	25% - 50%	36-7469540
Mitchell Ralph Julis	Gp & lp of the julis family lp	1 Apr 2005	25% - 50%	1223735
Linda Joleen Julis	Gp of the julis family lp	1 Apr 2005	Other	4381744
Joshua Stephan Friedman	Trustee	1 Apr 2005	Other	1315528
Family Gst Trust Under Julis Family 2005 Irrevocable Trust	Lp of the julis family lp	1 Aug 2005	25% - 50%	36-7445445
The Joshua S. Friedman Family Limited Partnership	Member	1 Jan 2009	25% - 50%	95-4687862
The Julis Family Limited Partnership	Member	1 Jan 2009	25% - 50%	95-4687863
Canyon Partners Llc	Member	1 Oct 2013	75% - 100%	95-4665514
Joshua S. Friedman Revocable Gp Trust	Member	1 Dec 2018	50% - 75%	36-7476157
Beth C. Friedman Revocable Gp Trust	Member	1 Dec 2018	50% - 75%	36-7476158
Joshua Stephan Friedman	Manager	1 Dec 2018	Other	1315528
Pumada Llc	General partner	1 Dec 2018	Other	83-4142597
Soldiers Field Park Products Llc	General partner	1 Dec 2018	Other	83-4147786

Based in Los Angeles

The principal office where Canyon Clo Advisors LLC performs its advisory services is located at 2000 Avenue Of The Stars, Los Angeles, CA 90067, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-272-1000 or by fax 310-272-1001. The normal business hours are 8 am to 5 pm on Monday - Friday.