Canyon Partners Closes Two CLOs Totaling Nearly $1 Billion
September 22, 2025
Latest deals bring the firm’s CLO AUM to $11.4 billion
DALLAS, Sept. 22, 2025 — Canyon Partners (“Canyon”), a $28 billion global alternative investment manager, announced the closings of two CLOs (collateralized loan obligations). Together, Canyon EUR CLO 2025-2 and Canyon US CLO 2025-2 total nearly $1 billion. Both transactions were structured to comply with European risk retention requirements and will be managed by Canyon’s affiliate, Canyon CLO Advisors L.P.
Canyon EUR CLO 2025-2, a €400 million deal arranged by Citigroup Global Markets Limited, brings the firm’s total European CLO AUM to €1.8 billion ($2.1 billion). The deal has a 2-year non-call period and a 5-year reinvestment period and is Canyon’s fourth European CLO since entering the market in 2023.
Canyon US CLO 2025-2, arranged by BofA Securities, is a $500 million deal with a 2-year non-call period and a 5-year reinvestment period. This CLO marks Canyon’s 22nd active US CLO in the portfolio, bringing US CLO AUM to $9.3 billion.
Canyon now manages $11.4 billion in combined CLO AUM across 26 active CLOs. The majority equity for both deals was funded by the Canyon CLO Fund IV L.P.
Since 2001, Canyon has launched and managed a total of 33 CLOs and CDOs. Year-to-date, the firm has issued 4 CLOs and refinanced or reset 6 CLOs, accounting for approximately $2.5 billion of debt capital, to more favorable weighted average debt costs. These transactions may allow for greater distributions to the equity tranche. In Q3, Canyon was rated #2 equity-oriented collateral manager and #9 overall collateral manager by Raymond James’ calculations out of 100 managers.
“Successfully closing these two CLOs demonstrates our commitment to serving our clients by strategically expanding our CLO platform and identifying what we believe are the most robust and compelling investment opportunities,” said Erik Miller, Partner, Co-Head and Co-Portfolio Manager of Canyon’s CLO business. “Closing our third and fourth deals of the year highlights the trust our partners place in us and the steady growth of our platform.”
“In a challenging environment for pricing CLOs favorably, we are proud to have closed two more deals this year, particularly at the competitive costs of capital we achieved,” said Martin Downen, Co-Head and Co-Portfolio Manager of Canyon’s CLO business. “We continue to strive to deliver attractive return profiles to our investors across the globe.”
About Canyon Partners, LLC
Founded in 1990, Canyon employs a deep value, credit intensive approach across public and private corporate credit, asset backed credit, and real estate. The firm seeks to capture excess returns available to those investors with specialized expertise, rigorous research capabilities, and the ability to underwrite complexity. Canyon invests on behalf of a broad range of institutions globally. For more information visit www.canyonpartners.com.
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Kris Cole
Prosek Partners
Pro-Canyon@prosek.com