Jason New Joins as Co-CEO of Onex Credit

All amounts in U.S. dollars unless otherwise statedTORONTO, April 07, 2020 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX: ONEX) today announced Jason New has joined Onex Credit as the Co-Chief Executive Officer. He will lead the platform with Stuart Kovensky. Jason will also be responsible for new strategies in opportunistic credit and special situations.
Gerry Schwartz, Chairman and Chief Executive Officer of Onex, commented, “Jason brings an important new dimension to Onex Credit and positions us for growth through a variety of cycles. With his background and skills complementing the already talented group, we feel our leadership team is essentially complete.”Mr. Kovensky said, “Jason is a successful investor and a well-recognized leader in the credit industry who brings to Onex his strong relationships with key sector constituents. I am excited to partner with him to build this business.”Mr. New remarked, “I am thrilled to join a platform with such an impressive credit team. Onex has enjoyed longstanding success and is poised for continued growth. I look forward to partnering with Stuart and the entire team, as well as working across the broader Onex organization to capitalize on the opportunities in credit for the benefit of all of our investors and stakeholders.”Prior to joining Onex, Mr. New was a Senior Managing Director of Blackstone and Co-Head of Distressed and Special Situation Investing for GSO Capital Partners (“GSO”). Mr. New was an original partner of GSO and a member of the GSO Management Committee and the GSO Investment Committee. He was a portfolio manager of several GSO funds and separately managed accounts including, among others, the GSO Capital Solutions Funds, the GSO Credit Alpha Funds and the GSO Special Situations Funds.About OnexFounded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, private debt and other credit strategies; and Gluskin Sheff’s actively managed public equity and public credit funds. In total, Onex has approximately $38.4 billion of assets under management, of which approximately $7.2 billion is its own shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.The Onex Partners and ONCAP businesses have assets of $42 billion, generate annual revenues of $28 billion and employ approximately 171,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.For further information:Investors
Claire Glossop Irani
Onex, Investor Relations & Fund Development
Forrest Gitlin
Prosek Partners
William Szczecinski
Prosek Partners

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.