ONCAP MANAGEMENT PARTNERS L.P.
ONCAP MANAGEMENT PARTNERS L.P. is a Series C+ and buyout fund in the US writing $20M–$250M checks into Consumer, industrials, services, automotive-aftermarket, health-wellness, engineered-products-materials, education and tech-enabled-services.
- Stages
- Series C+, buyout
- Sectors
- Consumer, industrials, services, automotive-aftermarket, health-wellness, engineered-products-materials, education, tech-enabled-services
- Check size
- $20M–$250M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 1999
- Assets under management
- $3.7B
- Website
- oncap.com
Thesis
ONCAP is a private equity firm founded in 1999 and operating as the platform for Onex Corporation. They focus on North American lower mid-market companies, targeting equity investments between $20 million and $250 million. They prioritize multiples of capital over IRR and often act as the first institutional investor in founder-owned businesses. Preferred sectors include Consumer (multi-location services, automotive aftermarket, health & wellness), Industrials (engineered products, materials, systems, aftermarket, services), and Services (education, facility services, tech-enabled services). As of March 2025, ONCAP managed approximately $3.5 billion in assets, with ONCAP V closing at $1.3 billion in March 2025. Regulatory filings as of May 2026 indicate total AUM of $3,709,000,000. The firm has a strong track record, having never impaired capital on any realized investment. They utilize flexible transaction structures and leverage existing lending relationships.
Common questions
Does ONCAP MANAGEMENT PARTNERS L.P. invest at the Series C+ stage?
Yes. ONCAP MANAGEMENT PARTNERS L.P. lists Series C+ and buyout among the stages it invests in.
What check size does ONCAP MANAGEMENT PARTNERS L.P. write?
ONCAP MANAGEMENT PARTNERS L.P. writes $20M–$250M checks.
Where does ONCAP MANAGEMENT PARTNERS L.P. invest?
ONCAP MANAGEMENT PARTNERS L.P. invests in the US.