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

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.