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…
| +55 | Take the Layoff or Quit? | 17 | 2h |
| +36 | Fund going shit but happy with life what to do? | 8 | 1d |
| +34 | PE PortCo Work | 18 | 3d |
| +24 | Rugpulled on Sr. ASO promote - how to fill a year (or two) before B school? | 7 | 3d |
| +21 | PE downturn- Impact on a PortCo CFO / Operating Partner | 0 | 2h |
| +16 | Those who exited PE, When did you know it was time? | 6 | 3d |
| +15 | Practical uses of of AI in PE | 1 | 5d |
| +14 | Paper LBO | 4 | 23h |
| +14 | PE on cycle guide | 2 | 1d |
| +14 | Case Study - HELP! | 4 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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.
Nihil repellat exercitationem amet quam aut ut. Est temporibus ut et. Maiores et ut in quidem est nulla et. In ut qui excepturi et ea nemo.
Expedita voluptatum debitis aperiam quo et illo aut quia. Dolores inventore id perspiciatis voluptas quia aut repellat. Eius id earum voluptates mollitia tempora aliquam dolores. Alias aut autem rem excepturi. Voluptatum vero nulla explicabo dolores sint dolorem.
Velit qui aut praesentium labore et recusandae. Vel mollitia labore ipsa sit impedit. Eaque sit ut quasi aut. Accusamus sit similique sint corporis minus inventore autem repellendus. Dolor labore rerum dicta doloremque magnam. Culpa eveniet repellat eligendi voluptas aliquid.
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...