Canal Road Capital, LLC

Canal Road Capital, LLC manages private pooled investment vehicles and separately managed accounts on a discretionary and non‑discretionary basis for sophisticated institutional investors, with a primary focus on corporate credit across private and public markets. As of December 31, 2025, the firm reported approximately $1.261 billion in regulatory assets under management and organizes Funds exempt from registration under the Investment Company Act.

The firm’s investment approach emphasizes fundamental credit and value analysis and active portfolio management, seeking current income and long‑term capital appreciation primarily through direct originations of senior secured loans and selected mezzanine, stressed or special‑situation credits. Canal Road describes a rigorous research and due diligence process that frequently uses third‑party accounting, tax, valuation and legal providers, and it offers co‑investment opportunities and negotiated economic terms to certain investors.

Compared with many peers, the brochure discloses features that are less common for investment managers: it advertises predecessor performance and references third‑party ratings in its materials, and it explicitly notes reliance on independent third‑party diligence firms and auditors for valuation and reporting. The firm also highlights relationships with sophisticated institutional stakeholders (including financial institutions) and documents the ability to provide different economic terms and co‑investment access to select investors, arrangements that the firm discloses can create allocation and fee conflicts.