- Onex Corporation (ONEX) today announced the successful fundraising for the Onex Structured Credit Opportunities Fund
- The inaugural fund surpassed its $500 million target and received support from both existing Onex investors and new partners
- OSCO seeks to generate attractive risk-adjusted returns primarily through opportunistic investing in collateralized loan obligations (CLOs)
- Onex Corp is a private equity investor and asset management firm
- Onex Corporation Subordinate Voting Shares were down 4.096 per cent, trading at $75.16 at 4 PM ET
Onex Corporation (ONEX) today announced the successful fundraising of the Onex Structured Credit Opportunities Fund.
In total, the inaugural fund surpassed its $500 million target and received support from both existing Onex investors and new partners.
OSCO seeks to generate attractive risk-adjusted returns primarily through opportunistic investing in collateralized loan obligations (CLOs), backed principally by senior-secured corporate loans, in the secondary and primary markets.
“With OSCO, we continue to broaden our alternative and private credit offerings with a valuable complement to investor portfolios while leveraging our existing fundamental credit experience,” stated Ronnie Jaber, Managing Director and Head of Loans & Structured Credit at Onex Credit.
“We are thrilled by the support we’ve received from new and existing partners.” he added.
Onex and its senior management team made significant commitments to the fund, continuing the firm’s longstanding dedication to a strong alignment of interest with its investors.
Founded in 1984, Onex Corp is a private equity investor and asset management firm which manages and invests capital on behalf of its shareholders, institutional investors and high net worth clients from around the world.
The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices.
Onex Corporation Subordinate Voting Shares were down 4.096 per cent, trading at $75.16 at 4 PM ET.