Including parallel vehicles, Onex has raised about $5.19 billion for its fifth flagship private equity fund, according to SEC filings. A little more than two months ago, the Canadian firm unveiled its plans to raise $6.5 billion for the fund; that would represent a marginal uptick from its predecessor, which closed on $5.7 billion in 2014.
For Onex, 2017 has been a quiet year so far, with just six new investments completed, according to the PitchBook Platform. That’s on pace for a downturn from last year’s 17 deals and a serious departure from 2015, when the publicly traded investor finalized 33 investments, by far its highest total of the past decade. Onex focuses its activities in the B2B and financial services sectors, with nearly 65% of its deals dating back to the start of 2006 occurring in those two spaces.
Want more info on the firm, including its management team and past fund performance? PitchBook subscribers can check out Onex’s profile.