We believe in the alignment of interests among our various stakeholders, including Onex, its shareholders, the third-party limited partners and Onex management. The Company is the largest limited partner in each of its funds, which aligns Onex’ interests with those of its third-party investors. Onex’ distinctive ownership culture requires each member of the management team to have a significant ownership in Onex and to invest meaningfully in each operating business we acquire. Onex’ management team:
- Is the largest shareholder in Onex, with a combined holding of approximately 24 million shares or 21 percent;
- Has a total cash investment in Onex’ current operating businesses of approximately $270 million; and
- Is required to reinvest 25 percent of all gross carried interest and Management Investment Plan distributions into Onex shares until they individually have an ownership of at least one million shares and hold these shares until retirement.
We believe that our superior track record is a direct result of this strong alignment.