Gluskin Sheff expands private market offering with the addition of ONCAP to Onex Private Equity Solution 2022

TORONTO, Oct. 24, 2022 — Gluskin Sheff + Associates Inc. (“Gluskin Sheff”), Onex Corporation (“Onex”) (TSX: ONEX), which operates a private wealth management platform, today announced the addition of ONCAP, Onex’s private equity platform for opportunities in middle and smaller markets, to their recently launched Onex Partners Private Equity Solution 2022. The Fund now goes by the name Onex Private Equity Solution 2022.

With investments available across the whole market capitalization range, from small to mid-cap and large-cap enterprises, the new structure of the Fund represents a 3:1 ratio of investment in Onex Partners and ONCAP, respectively. The Fund is a unique investment opportunity for qualified Canadian investors who want to gain from: The Fund seeks to generate long-term capital appreciation primarily through targeting opportunities across various industry verticals.

  • Higher return opportunities relative to traditional public markets;
  • Increased diversification and less correlation to public needs;
  • Thoughtful ESG analysis included in the investment process; and
  • A longer-term investment horizon.

“After announcing our first private equity solution earlier this summer, we recognized a chance to broaden our present offering and further diversify the portfolios of our certified clients. Our customers now have exclusive access to a full-spectrum private market investment strategy. They are better positioned to reduce both cyclical and public market risk thanks to the inclusion of ONCAP in the Onex Private Equity Solution 2022, according to Dave Kelly, Head of Gluskin Sheff.

ONCAP invests in businesses that provide significant organic and add-on acquisition growth opportunities. These businesses typically focus on three industry verticals—consumer, industrial, and services—in which they have extensive experience. They also typically span a wide range of industry sectors. The team adheres to an ownership culture that requires its management partners to invest directly in each transaction and prioritizes forging effective partnerships with the management teams at each of their operating companies.

The ONCAP team, established in 2000, gives accredited investors access to a dedicated investing team with more than 40 years of experience and a disciplined methodology. Investment opportunities that offer several value creation levers and the requisite flexibility to adjust to changing market conditions are given priority by ONCAP. The team’s continuous track record includes 170 add-on acquisitions and 32 platform investments.

Canadian accredited investors interested in learning more about the Fund or other Gluskin Sheff offerings are encouraged to visit:

About Gluskin Sheff:

Since 1984, Gluskin Sheff has provided high-net-worth individuals, families, and institutions in Canada and the United States with private wealth management services. This has been done by giving unwavering attention to client service and using proprietary investment solutions, such as private credit, private & public equities, fixed income, and credit alternatives. As of June 30, 2022, Gluskin Sheff, a Toronto-based asset manager, managed about $8 billion in assets. Onex purchased Gluskin Sheff in 2019. To learn more about Gluskin Sheff, please visit:


This press release may contain, without limitation, statements concerning possible or assumed future operations, performance, or results preceded by, followed by, or that include words such as “believes,” “expects,” “potential,” “and anticipates,” and terms of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees, and undue reliance should not be placed on them because they involve significant and diverse risks and uncertainties that may cause actual operations, performance, or results to be materially different from those indicated herein. Except as may be required under applicable Canadian regulatory requirements, neither Onex nor Gluskin Sheff is under any obligation to update any forward-looking statements contained herein should material facts change due to new information, future events, or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release. Past performance is not indicative of future results. Investors may lose investment capital.

For Further Information:

Leah Commisso, Director, Corporate Communications
Tel: 437-533-4457