Canyon Launches New Structured Credit Fund

The Canyon Structured Credit Opportunity Fund is the firm’s second new fund in two months.

Josh Friedman, co-founder of Canyon Partners. (Kyle Grillot/Bloomberg)

Josh Friedman, co-founder of Canyon Partners.

(Kyle Grillot/Bloomberg)

Canyon Partners has launched its second new hedge fund in two months to take advantage of the huge opportunity it sees in the credit markets.

The credit-focused multistrategy firm raised $113 million for Canyon Structured Credit Opportunity Fund and on offshore version, according to regulatory filings as well as a person familiar with the offerings.

The

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