Onex→
ONCAP, Investment Team Associate at Onex in New York City, NY
Mid LevelOn-siteFull-timeNew York City, NY
Job Description
ABOUT ONEX:
Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Onex became a public company in 1987 and is listed on the Toronto Stock Exchange under the symbol ONEX. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors and invest them, along with Onex’ own investing capital, through the funds of our private equity platforms: Onex Partners and ONCAP. Similarly, in Credit, we raise and invest capital across several private credit, liquid credit and public equity strategies.
Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies, family offices and high net worth individuals. Onex has $55.9 billion in assets under management, of which $8.4 billion is Onex’ own investing capital. We generate value for our shareholders through two segments: Investing and Asset Management.
To explore more opportunities at Onex, visit: https://job-boards.greenhouse.io/onexgeneral.
ABOUT ONCAP:
ONCAP targets significant minority or control equity investments between $20 million and $250 million in North American businesses with EBITDA between $5million and $50 million and total enterprise values between $50 million and $500 million. Throughout its 25-year history, ONCAP funds have never impaired capital on any realized investments. ONCAP has deployed over $3.2 billion across 38 operating companies and has completed over 200 add-on acquisitions since inception.
ONCAP takes a long-term ownership mentality and is focused on business building. The team’s approach is underpinned by a rigorous investment process focused on growth and value creation, allowing ONCAP to be a “partner of choice” for businesses, founders, and management teams. ONCAP follows a sector-focused strategy across Business Services, Consumer and Industrials and has developed differentiated expertise in founder-owned and entrepreneur-led businesses that require operational partnership and structured value-creation initiatives. More information can be found at www.oncap.com.
THE OPPORTUNITY:
ONCAP is seeking a highly motivated Associates to join its investment team in New York or Toronto. This role offers the opportunity to work across the full investment lifecycle, from origination through to exit, and to gain exposure to strategic and operational initiatives within portfolio companies. This is an exciting opportunity to be part of a dynamic, collaborative team, investing out of ONCAP’s $1.3 billion fund focused on mid-market opportunities across North America.
KEY RESPONSIBILITIES:
• Evaluate new investment opportunities in the Consumer, Services, and Industrials sectors.
• Build and prepare financial and operating models (e.g., DCF, LBO), conduct valuation benchmarking, and prepare investment memoranda.
• Conduct company and market research, capital structure analysis, and advanced financial/statistical modeling.
• Support due diligence processes, including coordination with external advisors on legal, commercial, and market workstreams. Tasks may include assessing industry structure, company past performance, quality of the management team, and evaluation of the expected investment merits and risks.
• Support portfolio company management teams on strategic planning, M&A, operational improvements, and capital structure optimization.
• Monitor and report on portfolio company performance, providing data-driven insights and recommendations.
• Collaborate with team members to foster a high-performing and inclusive team culture.
Candidate Profile:
• 2-4 years of relevant experience in investment banking, private equity, or a related field.
• Bachelor’s degree in finance, business, economics, or a related discipline.
• Strong financial modeling and valuation expertise with demonstrated investment judgment.
• Deep intellectual curiosity and interest in business, finance, and investing.
• Excellent communication skills and attention to detail.
• High degree of professionalism, maturity, and interpersonal effectiveness.
• A proactive, self-starter mindset with strong organizational and problem-solving skills.
• Ability to thrive in a fast-paced, team-oriented environment.
Additional Information:
This posting is not for a current vacancy. It is intended as an expression of interest for future opportunities in this area, should they arise.
The anticipated compensation for this position will be determined based on several factors including, but not limited to, relative experience, education level attained, certification(s), geographical location, etc., to account for local market conditions.
Please note, in accordance with applicable Ontario employment and privacy laws, artificial intelligence (AI)-enabled tools may be used in the hiring process to screen, assess, or otherwise select applicants; however, these tools will not be relied upon exclusively when making any hiring decision.
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Our Team & Commitment:
Onex is led by the firm’s CEO, Bobby Le Blanc, as well as experienced leaders at each of our businesses. We have approximately 120 investment professionals across all platforms, supported by approximately 165 professionals dedicated to our corporate functions and investment platforms. Consistent with our One Onex approach, the teams share and leverage sector expertise, and sourcing and origination of opportunities across all business lines. Our culture is guided by our strong commitment to accountability, intellectual honesty and respect for all our partners and stakeholders. Onex was formed on principles of entrepreneurialism and responsible investing and our team is united in recognizing the value of collaboration, diversity of perspective and background, and an inclusive environment. Our team is a critical factor in our success, and attracting and retaining the best people and strongest investors are an important competitive advantage. Also crucial to our long-term success is the alignment of interests between the Onex management team, the Onex Board of Directors, shareholders and our limited partners. Members of our management team and Board of Directors have a significant long-term ownership in Onex shares and invest meaningfully in our funds. We believe this alignment creates stronger relationships with both our limited partners and shareholders.
Diversity Equity & Inclusion:
Onex recognizes that a diverse team and inclusive environment are vital in contributing to our continued success as an investor and asset manager. We believe that diverse perspectives create better outcomes for us and our stakeholders, including the companies we invest in, our shareholders, investors and clients, as well as the communities we serve. Onex’ commitment to diversity and inclusion includes increasing our focus on attracting and retaining employees from diverse backgrounds, creating additional awareness of diversity issues and benefits, fostering and inspiring a more supportive environment where inclusivity is expected and prioritized, and embedding accountability for diversity throughout the firm. Onex’ Diversity & Inclusion Leadership Council, which is co-chaired by our CEO and our Head of Shareholder Relations and Communications, includes representation from across all business platforms and geographies. The Council is responsible for championing diversity and inclusion across the firm, including supporting the development and success of Onex’ employee resource groups.
Onex is an equal opportunity employer. We are committed to providing equal employment opportunities regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, veteran status, or any other characteristic protected by applicable law. Onex is committed to fostering an inclusive and accessible workplace. If you require accommodations at any stage of the recruitment process, please contact tmanagement@onex.com.
Applicants must be legally entitled to work in the country where the role is based, or eligible for any necessary work authorization or permit.