Persistent Investment Returns
Private equity as an asset class has consistently outperformed the broader equity markets. As control investors, we can effect change by driving important strategic decisions, improving efficiencies and focusing businesses on their core, and most profitable, activities.
At Onex, we’ve developed a successful approach to investing and applied it consistently over more than 30 years. As a result, we’ve outperformed the broader private equity market consistently over the long term. From our private equity activities, we have generated an average gross multiple of capital invested of 2.8x resulting in a 28% gross IRR on realized, substantially realized and publicly traded investments.
Onex owns a diverse portfolio of operating companies spanning a wide range of industry sectors. Our largest operating company investment is less than 10% of Onex’ total net asset value.
Onex manages almost $24 billion of invested and committed capital on behalf of fund investors from around the world. The management of this capital provides two significant benefits to Onex, which enhance the returns from Onex’ investment activities:
- We earn management fees on approximately $22 billion of assets under management; and
- Onex has the opportunity to share in the profits of its investors through its carried interest participation.
Strong Alignment of Interests
Critical to our success is our commitment to financial alignment. In addition to Onex being the largest limited partner in each private equity fund and having meaningful investments in our credit platform, our distinctive ownership culture requires Onex Management to have both a significant ownership in Onex shares and a personal investment in everything we do. Today, our team has approximately $2.1 billion invested in Onex shares, Onex’ operating companies and Onex Credit.