Onex bumps up target for flagship fund, raises $6.7 bln
Onex Corp has so far raised almost US$6.7 billion for its fifth flagship private equity fund, the firm said in a Securities & Exchange Commission filing. The Toronto investor also increased the target for Onex Partners V to US$7 billion from an earlier US$6.5 billion, possibly on the strength of the first close in July. At that time, Fund V had secured US$5.2 billion, or 80 percent of the original goal. With US$6.7 billion in the bank, the fund is already the biggest raised by Onex in its 33-year history. While not yet closed, it is now 17 percent larger than its predecessor, which collected US$5.7 billion in 2014.
17 October 2017•2 mins read
