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ONCAP Announces Final Close for ONCAP V
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About this update from Onex Corporation
[{"type":"text","content":"ONCAP Announces Final Close for ONCAP VMomentum continues to build across Onex businesses\n\n\n\n\n A\n \n l\n \n\n l\n \n\n a\n \n\n m\n \n\n o\n \n\n u\n \n\n nts\n \n\n i\n \n\n n U\n \n\n .\n \n\n S\n \n\n .\n \n\n d\n \n\n o\n \n\n l\n \n\n l\n \n\n ars u\n \n\n n\n \n\n l\n \n\n e\n \n\n s\n \n\n s\n \n\n o\n \n\n t\n \n\n h\n \n\n e\n \n\n r\n \n\n w\n \n\n i\n \n\n s\n \n\n e\n \n\n sta\n \n\n t\n \n\n ed\n \n\n\n\n TORONTO, April 07, 2025 (GLOBE NEWSWIRE) -- Onex Corporation (TSX: ONEX) and its mid-market private equity platform ONCAP are pleased to announce the final close for ONCAP V, with $1.3 billion in total commitments, including $250 million from Onex. ONCAP V achieved several key objectives relative to its prior fund, including growing total commitments, increasing third-party capital by more than 50%, and welcoming many new investors to the ONCAP platform.\n \n\n The ONCAP team has already completed four investments in ONCAP V, and the Fund is 40% deployed. In 2024, ONCAP returned $530 million of capital to its Limited Partners, or over 20% of ONCAP’s total net asset value, and launched its first continuation vehicle for Wyse Meter Solutions.\n \n\n “I am immensely proud of the team for achieving such a positive outcome with ONCAP V and grateful to our investors for placing their confidence in us,” said Michael Lay, Managing Partner of ONCAP. “Across our 25-year history spanning 235 platform and follow-on investments, we have developed a unique market proposition and investing framework. I am excited by ONCAP’s potential to grow in the years ahead and to continue to deliver strong risk-adjusted returns to our investors.”\n \n\n “ONCAP’s successful fundraise is a testament to the team’s formidable track record and strong prospects,” said Bobby Le Blanc, Chief Executive Officer of Onex. “Across all our platforms, our teams are delivering against our objectives, driving fundraising momentum, generating significant return of capital for our investors, and continuing to source high-quality, differentiated investment opportunities.”\n \n\n Onex has also been successful in raising capital across its other investment platforms. Within Onex Partners, the Onex Partners Opportunities Fund achieved its final close in January, raising aggreg...