Onex announces final close for ONCAP V

Onex (ONEXF) Corporation announced the final close for ONCAP V, with $1.3N in total commitments, including $250M 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. The ONCAP team has already completed four investments in ONCAP V, and the Fund is 40% deployed. In 2024, ONCAP returned $530M 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.