Key Takeaways
- • Onex closed its second opportunistic structured credit fund at $500 million (£370.6 million), reflecting strong global investor demand for the strategy.
- • The Onex Structured Credit Opportunities Fund II will deploy capital across collateralized loan obligation (CLO) equity and debt tranches globally.
- • The structured credit platform is part of Onex's $32 billion credit business, which includes direct lending and CLO strategies alongside the firm's $56 billion in total assets under management.
- • Ronnie Jaber, head of Onex Credit, attributed the fund's strong fundraising to the team's performance, differentiated approach, and favorable credit market conditions ahead.
Summary
Onex, the Toronto-based alternative asset manager, has successfully closed its second opportunistic structured credit fund at $500 million, signaling robust institutional appetite for specialized CLO investment strategies. The final close of the Onex Structured Credit Opportunities Fund II follows strong capital commitments from global investors, according to an announcement by the firm on August 7, 2026.
The fund will pursue a focused strategy of investing in CLO equity and debt tranches across global markets. This vehicle represents a continuation of Onex's structured credit platform, which has already demonstrated traction within the broader credit investment landscape. The deployment strategy reflects the firm's conviction that CLO opportunities remain compelling given current market dynamics.
The structured credit opportunities initiative represents a meaningful component within Onex's substantially larger $32 billion credit business. This credit platform encompasses multiple strategies including direct lending and CLO portfolios, positioning Onex as a diversified credit manager. The firm's overall asset base stands at $56 billion across both equity and credit strategies, underscoring its scale and institutional relevance.
Ronnie Jaber, head of Onex Credit, highlighted the significance of the fundraising achievement in a statement, noting that strong global investor demand reflects both the team's historical performance and its differentiated investment approach. Jaber also emphasized management's optimistic outlook on credit market opportunities in the period ahead, a view that appears validated by the robust institutional capital commitments secured for the fund.
The fund will pursue a focused strategy of investing in CLO equity and debt tranches across global markets. This vehicle represents a continuation of Onex's structured credit platform, which has already demonstrated traction within the broader credit investment landscape. The deployment strategy reflects the firm's conviction that CLO opportunities remain compelling given current market dynamics.
The structured credit opportunities initiative represents a meaningful component within Onex's substantially larger $32 billion credit business. This credit platform encompasses multiple strategies including direct lending and CLO portfolios, positioning Onex as a diversified credit manager. The firm's overall asset base stands at $56 billion across both equity and credit strategies, underscoring its scale and institutional relevance.
Ronnie Jaber, head of Onex Credit, highlighted the significance of the fundraising achievement in a statement, noting that strong global investor demand reflects both the team's historical performance and its differentiated investment approach. Jaber also emphasized management's optimistic outlook on credit market opportunities in the period ahead, a view that appears validated by the robust institutional capital commitments secured for the fund.
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