Onex raises $5.2bn

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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.