ONCAP closes on $1.1bn

Onex was the largest investor in the fund.

ONCAP, the private equity mid-market platform of Onex Corporation, held a final close on ONCAP IV at $1.1 billion. As with predecessor funds, the capital will be invested into companies with outstanding management structures.

Significant demand from both new and existing investors led the firm to raising more capital than it did for its predecessor fund, with Onex itself committing $480 million. ONCAP III closed in September 2011 on C$800 million – beating its C$700 million target.