Credit

Our Credit business includes a broad spectrum of private credit, public credit and public equity investing strategies that are managed by the Onex Credit team. Credit has $25.3 billion in assets under management, of which $712 million is Onex’ own investing capital. The Credit team has a successful track record of executing a disciplined approach to investing with a focus on capital preservation and strong risk-adjusted returns through cycles. The platform practices value-oriented investing, employing a rigorous bottom-up, fundamental and structural analysis of the underlying borrowers, coupled with active portfolio management, to continually seek to optimize portfolio positioning. Credit’s sourcing capabilities and data intelligence help to better inform investment decisions and dynamically manage portfolios in varying market conditions.

With a team of approximately 90 investment professionals, including about 20 portfolio managers, we are able to research and invest in a diverse set of public and private alternative credit investments that provide various income and return options to our investors.

 

Competitive Advantages

With a disciplined approach to investing and a focus on capital preservation, Credit has earned investor confidence and grown rapidly. Our credit platform benefits from a deep and seasoned team with experience investing across multiple market cycles and economic environments. Credit has access to vast industry expertise among Onex’ private equity professionals and enjoys a sharing of knowledge and experience among all investment teams. With the resources of a large institution and an integrated platform, we believe our investment strategies benefit from robust sourcing options and an analytical edge.

In addition, the Credit team enjoys the benefit of being part of a well-capitalized sponsor. Onex and the team are well-aligned as significant investors in all of our strategies.

 

Strategies

Our strategies target investments in tradeable, private and opportunistic credit as well as actively managed public equity and public credit funds that offer a broad risk/return profile for our investor base. Across the firm, we offer our investors a variety of strategies that invest in diversified portfolios of credits throughout an issuer’s capital structure to meet their specific return objectives.

Alternative & Private Credit

Structured Credit

  • COLLATERALIZED LOAN OBLIGATION STRATEGY (CLOs)

    Collateralized Loan Obligations (“CLOs”) are leveraged structured vehicles that hold a widely diversified asset portfolio funded through the issuance of long-term debt in a series of rated tranches of secured notes and equity. Onex launched its CLO platform in 2012 and has issued a total of 29 U.S. and European CLOs as of September 30, 2022.

  • STRUCTURED CREDIT

Opportunistic Credit

  • OPPORTUNISTIC CREDIT

Junior Capital & Direct Lending

  • JUNIOR CAPITAL
  • DIRECT LENDING

Liquid Credit & Public Strategies

Sub-Investment Grade
Liquid Credit

  • HIGH YIELD
  • SENIOR CREDIT

Investment Grade Credit & Equities

  • FIXED INCOME & CREDIT ALTERNATIVE
  • PUBLIC EQUITY
 

Insights

Chad Valerio, Managing Director, Head of Opportunistic Credit and Portfolio Manager, shares the benefits of opportunistic investing.

June 2022
Chad Valerio _ June
Chad Valerio, Managing Director, Head of Opportunistic Credit and Portfolio Manager, discusses opportunistic credit and what’s driving growth in the asset class.

January 2022
Chad Valerio _ Jan
Chad Valerio, Managing Director, Head of Opportunistic Credit and Portfolio Manager, shared his perspectives on the private credit market.

July 2021
Chad Valerio