ONCAP's fourth mid-market fund nets almost $1.5 bln in single closing
ONCAP, the mid-market private equity arm of Onex Corp, has secured almost $1.5 billion (US$1.1 billion) in the close of its fourth fund. ONCAP IV, raised in just over two months in a single closing, according to Onex Chairman and CEO Gerry Schwartz, took 83 percent more than its predecessor (2011). Led by Managing Partner Michael Lay, ONCAP has invested in 21 companies its 16-year history, and generated a gross return of 43 percent and a gross multiple of 5.2 times capital invested from realized and substantially realized investments. PE Hub Canada earlier this year reported about the launch of ONCAP IV, as well as the firm's most recent platform investment, Tecta America.
9 November 2016•3 mins read
