Latham & Watkins Advises Onex in US$1.3 Billion ONCAP V Fund Formation

Onex Corporation (TSX: ONEX) and its mid-market private equity platform ONCAP announced the final close for ONCAP V, with US$1.3 billion in total commitments, including US$250 million from Onex. ONCAP V achieved several key objectives relative to its prior fund, including growing total commitments, increasing third-party capital by more than 50%, and welcoming many new investors to the ONCAP platform.

Latham & Watkins LLP represented Onex in the fund formation with an investment funds team led by New York partner Matthew Chase, with associates Gabe Pugel, Ethan Cramer-Gibbs, and Giordano Silvaggi. Advice was provided on tax matters by New York partner Gregory Hannibal and counsel Lauren Bewley, with associate Nicholas Sun, and on funds regulatory matters by Washington, D.C. partner Jamie Lynn Walter, with associate Mike Hart-Slattery.