Semi-Annual Report

Sam Reid is an Investment Partner at Canyon. Mr. Reid joined Canyon in 2008 and is a Portfolio Manager for River Canyon funds. Prior to this role, Mr. Reid was Head Debt Trader for Canyon’s investments across the firm’s global platform. Prior to joining Canyon, Mr. Reid worked at JPMorgan Chase as a sell-side High Yield Credit trader, where he traded CDS and high yield bonds in both a market making and proprietary trading capacity. Mr. Reid is a graduate of Georgetown University (dual B.S., International Business and Finance). Mr. Reid is a CFA^® charterholder.

Jeffrey Kivitz is an Investment Partner and the Chief Investment Officer of Canyon Capital Advisors. Mr. Kivitz joined Canyon in 2008 and oversees the corporate and asset backed investment teams in developing, analyzing, and implementing investment strategies across the firm’s global platform. Mr. Kivitz also serves as Co-Portfolio Manager for Canyon’s Evergreen Private Credit strategy. Mr. Kivitz has extensive expertise investing in the financials, technology, software, building products, and retail sectors. Prior to joining Canyon, Mr. Kivitz worked at Bain & Company as a consultant in both the private equity and general consulting practices, where he acted as an advisor on buyout and corporate strategy. Mr. Kivitz is a graduate of Williams College (B.A., Economics, cum laude).

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Adam Rizkalla is a Senior Vice President within the Investment team at Canyon. Mr. Rizkalla joined Canyon in 2022 and is a Portfolio Manager for Canyon’s multi-asset credit strategies. Mr. Rizkalla specializes in asset backed credit across collateral types. Prior to joining Canyon, Mr. Rizkalla worked at Thornburg Investment Management, where he invested in a variety of structured products. Previously, Mr. Rizkalla worked at J.P. Morgan as an investment banker in the Structured Products Group. Mr. Rizkalla is a graduate of Seattle Pacific University (B.A., Accounting). Mr. Rizkalla is a CFA® charterholder.

Mitch Julis is Co-Founder, Co-Chairman and Co-Chief Executive Officer of Canyon Partners, LLC. Mr. Julis is a graduate of the Princeton School of Public and International Affairs (B.A., magna cum laude, Phi Beta Kappa), Harvard Law School (J.D., magna cum laude) and Harvard Business School (M.B.A., honors).  He received an honorary doctorate from Yeshiva University of New York in 2011.  Prior to forming Canyon, Mr. Julis directed a group of professionals responsible for a portfolio of distressed and special situation securities at Drexel Burnham Lambert.  Prior to working at Drexel, he was a bankruptcy and creditors’ rights attorney at Wachtell, Lipton, Rosen & Katz in New York.  Mr. Julis has authored a number of articles published in law journals and other periodicals on the subject of bankruptcy, distressed credits and special situation investing.

In 2014, Mr. Julis, along with Co-Founder Josh Friedman, received Institutional Investor’s “Lifetime Achievement” Award. Mr. Julis serves as a Trustee of the Brown University Corporation, on the Board of Governors at the Watson Institute for International and Public Affairs at Brown University, on the Board of Trustees at Yeshiva University and as Trustee Emeritus at the Asia Society.  He previously served on the Board of Trustees at Princeton University.  He is currently a member of the Advisory Council for the Julis-Rabinowitz Center for Public Policy and Finance at the Princeton School of Public and International Affairs and a member of Princeton’s School of Engineering and Applied Science Leadership Council.  Furthermore, he sits on the Lincoln Center Theater Board of Directors. Also noteworthy is his active role in establishing the Harvard Law School Program on Jewish and Israeli Law. In 2019, Mr. Julis received an Honorary Fellowship from the Technion – Israel Institute of Technology.

Mr. Julis and his wife, Joleen, reside in Dallas, TX and have 4 children.

Josh Friedman is Co-Founder, Co-Chairman and Co-Chief Executive Officer of Canyon Partners, LLC. Mr. Friedman is a graduate of Harvard College (B.A., summa cum laude, Phi Beta Kappa, Physics), Oxford University (M.A., honors, Politics and Economics, Marshall Scholar), Harvard Business School (M.B.A., Baker Scholar) and Harvard Law School (J.D., Sears Prize, magna cum laude). Prior to forming Canyon, Mr. Friedman was Director of Capital Markets for High Yield and Private Placements at Drexel Burnham Lambert. Prior to working at Drexel, Mr. Friedman worked in the Mergers and Acquisitions Department of Goldman Sachs in New York.

In 2014, Mr. Friedman, along with Co-Founder Mitch Julis, received Institutional Investor’s “Lifetime Achievement” Award. Mr. Friedman is a member of the George W. Bush Presidential Center Executive Advisory Council. Additionally, Mr. Friedman serves on the boards and/or investment committees of a number of endowments and foundations including Harvard Management Company, Harvard Committee on University Resources, California Institute of Technology, Lincoln Center for the Performing Arts, The Broad Foundation, Los Angeles County Museum of Art (LACMA), and the Dallas Museum of Art (DMA). Mr. Friedman previously served on the investment committee of the J. Paul Getty Trust and Board of the Dean’s Advisors for Harvard Business School, as well as the boards of the Los Angeles Philharmonic, the UCLA Hospital Department of Neurosurgery, the UCLA Anderson School of Management, The California Science Center, and The Andrew W. Mellon Foundation.

Mr. Friedman and his wife, Beth, live in Dallas, Texas and have three sons. Mr. and Mrs. Friedman co-endowed the Star-Friedman Challenge for Promising Scientific Research at Harvard University and are 2019 recipients of the Ellis Island Medal of Honor.