Onex has raised $5.2 billion to date for its Onex Partners V, per a SEC filing. The Toronto-headquartered firm has set a $6.5 billion target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $5.7 billion in 2014.
Investors that committed to Onex Partners V include the New Jersey Division of Investment.
The fund will target buyout opportunities in a diverse number of sectors in North America.