Canyon Partners Launching New Fund

The credit-driven multi-strategy firm creates a version of its Canyon Value Realization Fund that excludes many energy investments.

Joshua Friedman of Canyon Partners. (Joe Buglewicz/Bloomberg)

Joshua Friedman of Canyon Partners.

(Joe Buglewicz/Bloomberg)

Canyon Partners is introducing a new product in the second quarter — the Canyon Value Realization Fund-X — according to the firm’s fourth-quarter letter recently sent to clients.

The fund will pursue substantially the same strategy as the Canyon Value Realization Fund but exclude securities in the energy sector, it explained.

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