ONCAP Management Partners

ONCAP Management Partners is the dedicated lower mid-market private equity platform of Onex Corporation, focusing on investing in and partnering with North American headquartered businesses and their management teams. The firm targets significant minority or control equity investments ranging from $20 million to $250 million in companies with EBITDA between $5 million and $50 million and total enterprise values of $50 million to $500 million. ONCAP's investment strategy emphasizes long-term value creation through revenue and EBITDA growth, avoiding financial engineering or excessive leverage. The firm actively supports value creation strategies and infrastructure investments aimed at building businesses for sustained success over the long term, benefiting shareholders, management teams, and employees. Over its 25-year history, ONCAP has completed 37 investments and over 200 add-on investments, never suffering a capital impairment on any realized investment. The firm's portfolio includes companies across various sectors, such as industrial services, healthcare, packaging, and business services. ONCAP operates with a team of 39 employees managing $3.5 billion in assets across offices in Toronto and New York. The firm's most recent fund, ONCAP V, closed in April 2025 with $1.3 billion in total commitments, including $250 million from Onex. The fund has already completed four investments and is 40% deployed. ONCAP's track record and investment philosophy have attracted a diverse group of investors, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices, and high-net-worth individuals. The firm's commitment to partnering with exceptional managers and focusing on long-term value creation has established ONCAP as a leading player in the mid-market private equity space in North America.