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 Other Investors' 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 $5.4 billion of capital largely through its two private equity platforms: Onex Partners (for larger transactions) and ONCAP (for mid-market transactions). The Company also invests through Onex Credit Partners and Onex Real Estate Partners. Onex is in excellent financial condition, with ample cash on hand and no debt at the parent company.
Onex is entrusted with Other Investors' capital from institutional investors from around the world. The Company currently manages approximately $11 billion of invested and committed capital on behalf of its Other Investors. In return, Onex receives a stable and growing stream of annual management fees on approximately $9.6 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.