Onex Corp

TSX:ONEX

Onex Corp is an investment company that buys, builds, and manages businesses through two main activities: private equity and asset management. In its own portfolio, it uses its capital to acquire companies, improve them, and later sell them. Through its asset management arm, it raises money from outside investors and manages that money in private equity and credit strategies. Its customers are mainly institutional investors such as pension funds, insurance companies, endowments, and wealthy individuals who want access to private markets. Onex makes money in two ways: it earns management and performance fees from money it manages for clients, and it also tries to generate investment gains from the companies it owns directly. That mix gives it both a fee-based business and a principal investing business. What makes Onex different is that it is both an investor and a manager of other people’s capital. That means it can earn steady fee income while also taking ownership stakes in businesses across industries. For beginner investors, the key idea is that Onex sits in the middle of the private capital world, finding companies to own and running investment funds for clients who want exposure to private assets.