Onex is one of North America’s oldest and most successful investment firms committed to acquiring and building high-quality businesses in partnership with talented management teams. Onex manages investment platforms focused on private equity, real estate and credit strategies. In total, the company manages approximately $16 billion, of which approximately $11 billion is third-party capital. As well, Onex invests its own capital directly and as a substantial limited partner in its Funds.
As an investor first and foremost, Onex invests its $5 billion of proprietary capital largely through Onex Partners, its flagship private equity platform. Onex also invests through ONCAP, its mid-market private equity platform, Onex Real Estate Partners and Onex Credit Partners. Onex is in excellent financial condition, with ample cash on hand and no debt at the parent company.
Onex is entrusted with third-party capital from institutional investors from around the world. The Company currently manages approximately $11 billion of invested and committed capital on behalf of its limited partners. In return, Onex receives a stable and growing stream of annual management fees on approximately $9.4 billion of third-party assets under management that offsets ongoing operating expenses. In addition, Onex is entitled to a share of the profits on this capital. This is commonly referred to as carried interest. Carried interest, if realized, could significantly enhance Onex’ investment returns.