AltMountain

Canyon Balanced Fund L.P.

Dallas, TX · CIK 1296469 · Managed by Canyon Capital Advisors LLC

Canyon Balanced Fund L.P. is a hedge fund based in Dallas, Texas. According to its most recent Form D, filed Nov 24, 2025, the fund has sold $2,638,012,871 of interests to 616 investors since its first sale in Jun 2004. The minimum investment it accepts from an outside investor is $1,000,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Jonathan Kaplan; Mitchell Julis; Canyon Balanced General Partner Company, LLC.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, Canyon Capital Advisors LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +58.4% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +65.1% (S&P 500: +37.2%).

This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.

Is this your fund? Report your monthly returns · How performance works

Total raised
$2,638,012,871Cumulative sales reported on Form D
Investors
616
First sale
Jun 1, 2004
Minimum investment
$1,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Jonathan Kaplan; Mitchell Julis; Canyon Balanced General Partner Company, LLC
Latest Form D
Nov 24, 2025

From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction

Questions about Canyon Balanced Fund L.P.

What is the minimum investment for Canyon Balanced Fund L.P.?

According to its latest Form D, filed Nov 24, 2025, the minimum investment Canyon Balanced Fund L.P. accepts from an outside investor is $1,000,000.

Who can invest in Canyon Balanced Fund L.P.?

Canyon Balanced Fund L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.

How much has Canyon Balanced Fund L.P. raised?

Canyon Balanced Fund L.P. reports $2,638,012,871 sold from 616 investors on its Form D filed Nov 24, 2025. This is cumulative sales since the offering began, not current assets or performance.

Where is Canyon Balanced Fund L.P. based?

Canyon Balanced Fund L.P. is based in Dallas, Texas and is managed by Canyon Capital Advisors LLC.

When did Canyon Balanced Fund L.P. launch?

Canyon Balanced Fund L.P. reports its first sale in Jun 2004.

Size compared with every hedge fund

Raised more than 98% of the 631 hedge funds based in Texas, and more than 97% of all 10,307 that report sales.

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