Scoop: Canyon Sees Profits Ahead As Distressed Companies Clean Up Balance Sheets – ValueWalk Premium

Scoop: Canyon Sees Profits Ahead As Distressed Companies Clean Up Balance Sheets

The market sell-off in March allowed Canyon Capital Partners' Distressed Opportunity Fund III (CDOF III) to deploy virtually all of its commitments, according to a June investor update, a copy of which ValueWalk has been able to review.

According to the update, coming into March, the newly formed fund had deployed just $135 million of its $541 million in commitments. However, by mid-June, this had increased to $445 million, and commitments had increased to $840 million.

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