Canyon Partners Is Liquidating One Of Its Distressed Opportunity Funds

Canyon Partners is in the final stages of liquidating its Distressed Opportunity Fund II. Over the last few months, the firm has been selling the fund’s assets opportunistically. The Distressed Opportunity Fund II now has just one position left. Q3 2021 hedge fund letters, conferences and more Canyon Winds Down Distressed Opportunity Fund II According to a letter dated Dec. 20, which was obtained by ValueWalk, the position in the equity of a post-reorganization healthcare company has a market value of less than $5 million. Canyon Partners plans to exit the position in the near term. After selling the rest…