Canyon Partners Announces Launch of Canyon ABF Partners to Expand Asset-Backed Financing Solutions

Canyon Partners Expands its Financial Horizons with Canyon ABF Partners

Canyon Partners, a prominent global investment manager overseeing $30 billion in assets, has officially launched Canyon ABF Partners (CAP), a new venture aimed at enhancing its asset-backed financing capabilities. This strategic move is designed to leverage over two decades of experience in the asset-backed credit realm, with the objective of facilitating more than $5 billion in annual originations.

Anchored Investments and Unique Structure

The foundation of CAP is built on anchor investments from notable entities such as Daiichi Life Insurance Co., Ltd. and Korea Investment Holdings Co. These investments provide CAP with a permanent capital source, differentiating it from conventional limited partnership funds. This structural flexibility positions CAP as an agile partner for specialty lenders and regional banks, aiming to cater to a variety of sectors including residential, consumer, equipment, transportation, and more diverse asset pools.

Leadership and Expertise

Spearheading this venture is Jay Kim, a seasoned veteran in structured finance, who previously served as Chief Executive Officer at ATLAS SP Partners, an investment firm affiliated with Apollo Global Management. With over 30 years of experience, Kim’s expertise in structuring and origination will be invaluable as CAP seeks to establish itself as a preferred partner in the capital market.

Canyon’s investment committee, tasked with driving the vision for CAP, includes the firm's founders, Josh Friedman and Mitch Julis, alongside Chief Investment Officer Jeff Kivitz. Key figures leading the asset-backed investment strategy, Adam Rizkalla and Jonathan Barzideh, will also play significant roles in shaping the future of CAP.

A Thriving Market Focus

According to Adam Rizkalla, the addition of CAP represents a strong evolution in Canyon’s capital provisioning capabilities, allowing the firm to extend its reach across a broader spectrum of lenders. This expanded capacity is expected to attract specialty non-bank lenders and regional banking firms seeking innovative asset-backed credit solutions.

Jeff Kivitz elaborated further, explaining the momentum built over the years has primed Canyon to implement CAP as a more versatile capital provider. The launch of CAP is thus viewed as a pivotal shift, allowing access to differentiated return streams for investors.

The Future of Asset-Backed Financing

Jay Kim expressed enthusiasm over joining the Canyon team and emphasized the firm's solid reputation in asset-backed credit. He noted the remarkable opportunity to enhance a business already recognized as an industry leader. CAP's tailored solutions aim at creating attractive private credit products that align with the demands of today's evolving financial landscape.

Canyon Partners, founded in 1990, has built its reputation by applying a rigorous investment philosophy focused on deep value and credit-intensive approaches across various domains, including public and private corporate credit, asset-backed financing, and real estate. Their partnership with notable institutions like Daiichi Life Group and Korea Investment Holdings furthers the vision to drive innovation and efficiency in the asset-backed finance sector.

For additional details about Canyon Partners and their new venture, visit Canyon Partners Official Website.