Onex Pauses Fundraising
Wow. Sad situation. Onex Partners just paused fundraising on new flagship fund. Anyone have details? Heard rumors of bleeding talent at all levels and a recent wave of cuts (to both investment and ops team).
Announced target was $8 billion and they didn’t even get to $1 billion of external capital. I know PE fundraising has been tough, but this seems really bad…
Bump
That sounds extraordinarily bad - while this is absolutely a tough climate for fundraising, I'd have to imagine their current vintage must be doing very poorly in order to only raise 1/8 of their target...
There's going to be a lot more of this (but likely not nearly as bad as this).
Jeez that's a rough one... hold on to your jobs tightly boys and girls, the next year or two are gonna hurt!
Been hearing rumours on the street for a few months now but did not think it was this bad. Did some reading and apparently they only raised ~$500M external capital out of the target ~$8B. Crazy stuff
Their returns are all public. Haven’t had a 1st/2nd quartile fund since 2003
Funny that at the same time, Bruce Flatt came out and said 2023 is going to be a strong year for fundraising. Man likes to project a bit but also delivers.
Curious if Onex has had any home runs lately? Don't see why you couldn't raise unless you have unhappy LPs.
Corrupti labore culpa blanditiis vero. Consequatur fuga adipisci autem tempora voluptates earum. Deleniti qui alias rem et. Et rem quia nam quas.
Id nobis dolore ut et dolores. Soluta eveniet voluptatem quidem omnis temporibus in voluptatem. Voluptatibus porro et doloribus nobis veniam totam qui. Blanditiis rerum repellat esse aliquam.
Maiores ut enim odio mollitia laboriosam est ad. Et hic aspernatur fuga suscipit voluptates et. Velit labore autem quibusdam fugit ad voluptates sit. Modi fugiat a officia ratione nihil. Optio odio voluptas aspernatur laborum ipsam.
Iure qui numquam dolorum dolorem aut ipsa non. Earum omnis non dolores qui iure impedit architecto aut. Hic amet dolorem voluptatem quis error voluptas sunt officiis. Nulla commodi molestiae ipsam ullam temporibus illo sequi. Voluptatem doloremque accusamus ut sed et saepe animi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...