Onex Partners V holds $5.19B first close

Onex Corporation (TSX: ONEX) held a first close in mid July for its fifth fund, Onex Partners V, securing US $5.187 billion from 59 limited partners (LPs), including US $2.0 billion from Onex. (all $ in US dollar)

The target of Onex Partners V is $6.5 billion. Credit Suisse Securities (USA) LLC acts as placement agent for the fund.

Onex Partners IV, a 2013-vintage fund, closed at $5.7 billion in May 2014.

As of July 31, 2017, Onex has $5.6 billion of uncalled committed capital available from limited partners, in addition to $2.0 billion of cash and near-cash.

photo credit: Onex