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About
Chaney Sheffield is a Partner at Canyon Partners, LLC, where he co-heads the firm's Opportunistic Credit strategy. In this role, he oversees investment activities across public and private capital structures, with a focus on distressed, dislocated, and special situation opportunities. Sheffield is responsible for originating, underwriting, and managing investments, and also serves on Canyon’s ESG Committee, evaluating environmental, social, and governance factors for the firm’s portfolios.
Sheffield specializes in the packaging, paper, leisure, lodging, and gaming sectors, leveraging deep industry expertise to identify undervalued credit and equity opportunities within complex capital structures. He is recognized for his strategic approach to distressed investing and is a key driver in Canyon’s efforts to capitalize on market dislocations, including the identification and restructuring of distressed credits.
Before joining Canyon Partners in 2008, Sheffield worked at Morgan Stanley in both New York and Los Angeles, where he focused on investment banking and later on investing in distressed and special situation securities. He holds a Bachelor’s degree in Economics from Harvard University and has been instrumental in shaping Canyon’s investment platform, overseeing billions in assets and contributing significantly to industry best practices and Canyon’s reputation for rigorous research and execution.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Canyon Partners, LLC | Partner | Feb 2017 to Present | — |
| Canyon Partners, LLC | Managing Director | Feb 2012 to Jan 2017 | — |
| Canyon Partners, LLC | Vice President | Jul 2008 to Jan 2012 | — |
| Berry Global, Inc. | Board Member | Nov 2022 to Present | Capital Allocation Committee Chairman |
| Morgan Stanley | Vice President - Distressed Research | Jan 2006 to Jun 2008 | — |
| Morgan Stanley | Associate - Distressed Research | Jul 2004 to Dec 2005 | — |
| Morgan Stanley | Investment Banking Analyst | Jul 2002 to Jun 2004 | — |
Education
Harvard University
Bachelor's degree, Economics
1998 — 2002
Others at Canyon Capital Advisors LLC (19)
| Name | Role | Location |
|---|---|---|
A Andrew Duran | Senior Associate | Los Angeles, CA , United States |
| Associate | New York, NY , United States | |
C Chris Bryant | Associate | Los Angeles, CA , United States |
| Partner | Los Angeles, CA , United States | |
J Jean Paul Cativiela | Quantitative Analyst | Dallas, TX , United States |
| Vice President and Senior Programmer Analyst | Los Angeles, CA , United States | |
| Head of Global Debt Trading | Southlake, TX , United States | |
C Chelsea I | Research Associate and Global Affairs | New York, NY , United States |
| Partner | New York, NY , United States | |
H Hannah Rollman | Investment Professional | Los Angeles, CA , United States |
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