OCX 00:00 EST on October 20
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Asset Management text size [+][]
Onex manages investment platforms focused on private equity, real estate and credit strategies. In total, the Company manages approximately $22.6 billion, of which approximately $16.6 billion is Fund investor capital. As well, Onex invests its own capital directly through its investing platforms and as a substantial limited partner in its private equity Funds.

The management of Fund investor capital provides two significant benefits to Onex. First Onex is entitled to receive a committed stream of annual management fees on $14.9 billion of assets under management.  Second, Onex has the opportunity to share in the profits of its investors through the carried interest and incentive fee participation. This enables Onex to enhance the return from its investment activities. In 2015, combined management fees, carried interest and incentive fees received more than offset ongoing operating expenses. Onex Partners, ONCAP and Onex Credit earned a total of $141 million in management and transaction fees in 2015, and today Onex has run-rate management fees of approximately $136 million for the next 12 months. Onex does not earn any management fees on the $4.2 billion of capital it has invested or committed to its private equity Funds. 

Fund Investor Capital Under Management(1)

($ millions)



Fee Generating

Uncalled Commitments


June 30, 2016(2)

Dec. 31, 2015(2)

in Total

June 30, 2016

Dec. 31, 2015

June 30, 2016(2)

Dec. 31, 2015(2)

Onex Partners(3)
















Onex Credit(4)








(1) Invested amounts included in Fund investors capital under management are presented at fair value.
(2) Uncalled commitments include capital available for future Onex-sponsored acquisitions and possible future funding of remaining businesses.  Includes committed amounts from the management of Onex and ONCAP and directors based on the assumption that all of the remaining limited partners' commitments are invested.  Uncalled commitments at June 30, 2016 are reduced for management fees receivable of $6 million, which are included in Onex capital.
(3) The principal repayments of the promissory note by Jack’s increased the uncalled commitments for Onex Partners Funds.