Onex Corporation has named Conor Daly to lead its European CLO platform. Previously, Daly worked at BlackRock where he was a portfolio manager in the European fundamental credit team.
TORONTO, Jan. 08, 2021 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX: ONEX) and Onex Credit announced today the appointment of Conor Daly to lead its European CLO platform. Mr. Daly’s hire reflects Onex Credit’s continued commitment to building its European CLO franchise, which is a strong complement to its growing CLO and other credit platforms in the United States.
“Conor brings extensive experience developing CLO platforms and is well-respected in the European marketplace,” said Jason New, Co-CEO of Onex Credit. “His appointment builds upon the strength and diversification of our platform, ensuring we continue to provide our clients and investors with comprehensive products and valued expertise to best serve all their needs.”
Mr. Daly remarked, “Onex Credit has a well-established reputation and strong momentum, and I look forward to working with the team to continue to build on that success.”
Mr. Daly joins Onex Credit from BlackRock, where he was a Portfolio Manager in the European Fundamental Credit team. He was a key member of the team which established BlackRock’s European CLO and leveraged loan business. Prior to BlackRock, Mr. Daly was in Morgan Stanley’s leveraged finance team. He will begin at Onex Credit in April 2021.
About Onex Credit
Established in 2007, Onex Credit has grown its assets under management from approximately $300 million to more than $16 billion including the recent acquisition of Falcon Investment Advisors. With offices in New York, New Jersey and London, Onex Credit’s business is focused on non-investment grade credit markets including leveraged loan, CLO, direct lending, high yield and opportunistic investing strategies.
Founded in 1984, Onex invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients from around the world. Onex’ platforms include: Onex Partners, private equity funds focused on larger opportunities in North America and Europe; ONCAP, private equity funds focused on middle market and smaller opportunities in North America; Onex Credit, which manages primarily non-investment grade debt through collateralized loan obligations, senior loan strategies and other private credit strategies; and Gluskin Sheff’s wealth management services including its actively managed public equity and public credit funds. In total, as of September 30, 2020, Onex has approximately $36.6 billion of assets under management, of which approximately $6.7 billion is its own shareholder capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.
The Onex Partners and ONCAP businesses have assets of $36 billion, generate annual revenues of $22 billion and employ approximately 149,000 people worldwide. Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com.