Onex Corporation is a leading global alternative asset manager and investment firm headquartered in Toronto, Canada. The company's business model is divided into asset management and principal investing. Through its asset management segment, Onex manages private equity funds (Onex Partners for upper-middle-market and ONCAP for lower-middle-market transactions) and private credit strategies (Onex Credit, which includes CLOs, direct lending, and opportunistic credit). It generates revenue primarily from management fees, performance fees, and carried interest on its fee-generating assets under management. In its principal investing segment, Onex deploys its own balance sheet capital into its funds and direct investments, aligning its interests with limited partners and generating returns through capital appreciation and investment income. A notable direct investment includes its majority stake in Convex Group, a specialty property and casualty insurance and reinsurance business. Geographically, Onex operates globally with offices in Toronto, New York, New Jersey, and London, focusing primarily on North American and European markets. Its competitive position is supported by its long-term track record, substantial proprietary capital base, and deep expertise across diverse industries.
