ONCAP V Fund Closes with $1.3 Billion in Commitments, Boosting Onex’s Investment Momentum

The latest update is out from ONEX Corporation ( (TSE:ONEX) ).

ONCAP, a mid-market private equity platform of Onex Corporation, announced the final close of its ONCAP V fund with $1.3 billion in commitments, including $250 million from Onex. The fund has already deployed 40% of its capital across four investments and returned $530 million to its Limited Partners in 2024. This successful fundraising reflects ONCAP’s strong market position and investment framework, enabling it to deliver robust returns and attract new investors. Onex Corporation continues to demonstrate momentum across its investment platforms, with significant capital raised in Onex Partners and Onex Credit, further solidifying its industry positioning.

Spark’s Take on TSE:ONEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:ONEX is a Neutral.

ONEX Corporation’s overall score reflects a stable balance sheet but challenges in income and cash flow stability. While recent earnings calls suggest optimism, including strong performance in credit investments and robust fundraising, technical indicators point to bearish trends. The valuation is moderate, but low dividend yield provides limited income potential for investors.

To see Spark’s full report on TSE:ONEX stock, click here.

More about ONEX Corporation

ONCAP is the lower mid-market private equity platform of Onex Corporation, focusing on investing in and partnering with North American businesses. Founded in 2000, ONCAP manages $3.5 billion in assets with operations in Toronto and New York. Onex Corporation, formed in 1984, manages capital globally with approximately $51.1 billion in assets under management, investing on behalf of a diverse range of clients including pension plans, sovereign wealth funds, and high-net-worth individuals.

YTD Price Performance: -17.85%

Average Trading Volume: 136,577

Technical Sentiment Signal: Buy

Current Market Cap: C$6.58B

See more insights into ONEX stock on TipRanks’ Stock Analysis page.