ONEX CREDIT PARTNERS, LLC

Thesis

Onex Credit Partners, a subsidiary of Onex Corporation, is a credit-focused investment firm managing approximately $30.1 billion in regulatory assets under management as of December 31, 2025. The firm employs a diverse range of strategies including Structured Credit (CLOs in the U.S. and Europe), Sub-Investment Grade Liquid Credit (High Yield and Senior Credit), Tactical Allocation, Opportunistic Credit, and Direct Lending. Onex Credit describes itself as an active ESG investor. Their investment process is iterative, combining bottom-up and top-down analyses, with an emphasis on downside protection and upside participation to achieve differentiated and attractive risk-adjusted returns. The firm acts in multiple operational roles, including sponsor/GP and CPO/CTA, and has a history of launching CLOs, with 66 U.S. and European CLOs issued since 2012. Information on typical check size per investment deal is not explicitly detailed, but investments are substantial given their focus on institutional clients and pooled investment vehicles.