ICE Canyon was founded in October 2006 by Nathan B. Sandler, co-Founder and Managing Partner of ICE Canyon in a joint venture with Joshua S. Friedman and Mitchell R. Julis, Co-Founders and Co-Managing Partners, Canyon Capital Advisors LLC—a global alternative investment management firm with approximately $20 billion in assets under management (as of January 1, 2014). Through its joint-venture relationship with Canyon Capital Advisors, ICE Canyon is supported by operational and administrative infrastructure covering, legal, compliance, systems analytics, information technology, accounting, fund reporting, settlements, risk management and human resources.