OREANDA-NEWS. Onex Corporation ("Onex") (TSX: OCX) today announced it is increasing its commitment to Onex Partners IV to USD 1.7 billion from USD 1.2 billion. This brings the total fund size to USD 5.66 billion with Onex continuing to be the largest investor. The increased commitment will apply to new Onex Partners IV investments completed after June 3, 2015, and will not change Onex' ownership of businesses acquired prior to that date.

"We're pleased with our pipeline of investment opportunities and the recently announced acquisitions for Onex Partners IV," said Gerry Schwartz, Chairman and Chief Executive Officer of Onex. "We continue to believe we're better positioned than ever for continued growth. We have a stable and experienced management team with the financial resources to capitalize on any opportunity."

With offices in Toronto, New York and London, Onex is one of the oldest and most successful private equity firms. Through its Onex Partners and ONCAP private equity funds, Onex acquires and builds high-quality businesses in partnership with talented management teams. At Onex Credit Partners, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities. The Company has approximately USD 20 billion of assets under management, including USD 5.9 billion of Onex capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its Funds.