Onex Credit Partners, LLC (“OCP”) has been retained by the Fund to provide investment advisory services to the Fund and to OCP Credit Trust.
OCP is the exclusive credit investing platform of Onex Corporation ("Onex"). OCP has a nine year track record of successfully managing investment strategies focused on senior debt that have generated attractive risk adjusted returns. The firm currently manages approximately US$900 million in senior credit strategies for institutional and individual investors globally. The OCP team is led by Michael Gelblat, Stuart Kovensky, Paul Marhan and Jack Yang, each of whom has approximately twenty years or greater of experience in the senior credit markets.
Onex is a leading Canadian investment firm with a long established successful track record and a disciplined, value oriented, approach to investing. Onex was founded by Gerald W. Schwartz in 1984 and currently manages roughly US$12.5 billion in assets (as of June 30, 2010) and operates from offices in Toronto and New York. Onex shares have been publicly listed on the Toronto Stock Exchange since 1987. As of August 31, 2010, Onex and Onex principals had approximately US$275 million invested in Senior Loan strategies managed by OCP.