# River Canyon Fund Management LLC

> River Canyon Fund Management LLC is an SEC-registered investment advisory firm in Dallas, TX, registered since 2013, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 28, 2026.

- CRD: 169465
- Filed as: RIVER CANYON FUND MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dallas, TX
- Filing period: October 2026
- Form ADV filing dated: March 28, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/169465
- AdvisorCensus page: https://advisorcensus.com/firm/river-canyon-fund-management-llc-dallas-tx-169465

## Quick answers

**How is River Canyon Fund Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), River Canyon Fund Management LLC reports these compensation arrangements: a percentage of assets under its management.

**What does River Canyon Fund Management LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 28, 2026 states: Asset-based fee: 1% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is River Canyon Fund Management LLC located?**
River Canyon Fund Management LLC's principal office is in Dallas, TX, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is River Canyon Fund Management LLC registered with the SEC or a state?**
River Canyon Fund Management LLC is an SEC-registered investment advisory firm, registered since 2013. Status as filed: Approved. CRD 169465.

**How much does River Canyon Fund Management LLC manage?**
River Canyon Fund Management LLC reports $2,075,272,000 in regulatory assets under management in its Form ADV filing dated March 28, 2026 (100% discretionary).

**How have River Canyon Fund Management LLC's assets and staff changed since 2021?**
In the Form ADV data for River Canyon Fund Management LLC: Regulatory assets under management: $1,485,077,000 in the October 2021 data and $2,075,272,000 in the October 2026 data, up 40%. Total employees: 161 in October 2021 and 161 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does River Canyon Fund Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2); investment companies (1).

**Does River Canyon Fund Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/169465

**What changed in River Canyon Fund Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 48 to 55. Regulatory assets under management went from $1,139,990,000 to $2,075,272,000 (+82%). Added an office in New York, NY. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 28, 2026)

- Asset-based fee: 1% to 2% a year (a range, as the brochure states it)

> The asset based management fees are normally charged at an annual rate of between 1% and 2% of the value of the Client’s net assets under management and are generally payable monthly or quarterly in arrears depending on the investment advisory agreement.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $2,075,272,000
- Discretionary: $2,075,272,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 1 | $1,800,612,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $274,660,000 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Other

### Firm details
- Registered since: 2013 (12 years)
- Employees: 161 total, 55 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Los Angeles, CA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- canyonpartners.com
- rivercanyonfunds.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,485,077,000 | 161 | March 25, 2021 |
| October 2022 | $1,935,875,000 | 156 | August 31, 2022 |
| October 2023 | $1,045,938,000 | 158 | March 23, 2023 |
| October 2024 | $884,648,000 | 158 | June 4, 2024 |
| October 2025 | $1,139,990,000 | 161 | March 29, 2025 |
| October 2026 | $2,075,272,000 | 161 | March 28, 2026 |

Regulatory assets under management: $1,485,077,000 in the October 2021 data and $2,075,272,000 in the October 2026 data, up 40%.
Total employees: 161 in October 2021 and 161 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 48 to 55.
- Regulatory assets under management went from $1,139,990,000 to $2,075,272,000 (+82%).
- Added an office in New York, NY.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. River Canyon Fund Management LLC (CRD 169465): Form ADV filing data as of October 2026.