Onex Credit Partners, LLC ("OCP") is registered as an investment adviser with the U.S. Securities and Exchange Commission and as a portfolio manager in the Canadian provinces of Ontario, Alberta and Manitoba.  Based in Englewood Cliffs, New Jersey, OCP is the exclusive credit investing arm of Onex, specializing in credit-oriented investment strategies, such as event-driven, long/short, special situations and market dislocation.  Key areas of focus include syndicated loans, bonds, and distressed debt.  The firm invests capital for bank, insurance company, foundation, fund of hedge fund, and high net worth investors, and its products include separate accounts, and a closed-end mutual fund.

Michael Gelblat, Stuart Kovensky, and Jack Yang, each with more than 20 years of credit experience, co-manage the OCP team of 12 professionals.  They have a nine-year track record that has generated attractive absolute and risk-adjusted returns that compare favorably with returns and volatility of benchmark indices.

As of March 31, 2010, the firm managed approximately US$900 million through several debt strategies.  Each of these has a differentiated return/risk objective and portfolio construction, as well as a focus on maintaining liquidity through market cycles. These strategies are:    

• Debt Opportunity: Opportunistic and event-driven focus on senior debt of companies that exhibit stress or are distressed, investing both long and short without the use of leverage. 
• Credit Strategy Fund (OCS.UN): Closed-end Canadian retail fund listed on the TSX that follows a similar strategy to the Debt Opportunity Strategy. 
• Senior Credit: Focused primarily on performing first-lien loans, with moderate exposure to stressed situations, and utilizing modest leverage to enhance returns.
• Senior Floating Income: Focused solely on performing first-lien loans with no exposure to stress/distressed situations and without the use of leverage.