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. The adviser charges an additional fee when a set benchmark is outperformed. 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.