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Vice President, Portfolio Management, Direct Lending

Onex

Onex

New York, NY, USA
Posted on Dec 14, 2024

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 has $49 billion in assets under management (“AUM”), of which $8.5 billion is Onex’ own investing capital. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors, or limited partners, 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, public debt and public equity strategies. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies and family offices. In addition, through our private wealth platform, we service high net worth clients in Canada.

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 Opportunity:

To support the firm’s continued growth, Onex is seeking to recruit an experienced professional for Onex Credit’s Direct Lending strategy. The successful candidate will be responsible for portfolio management including daily fund analysis, risk and liquidity management, fund financing, quarterly performance, market research, investor communications, and to a lesser extent, screening, underwriting and monitoring new opportunities, amendment negotiations, liaising with the investment committee, and/or other opportunities for Onex’ Direct Lending platform.

Reporting to the Portfolio Manager of the Direct Lending platform, this person will be responsible for supporting the growth and performance of Onex’ direct lending capabilities. The successful candidate will play a key role and will be a major contributor to the firm’s continued development and growth.

What you will do:

  • Act as the primary resource for portfolio management analysis including constructing risk analysis, quarterly earnings presentations, track fund-level statistics, maintain ongoing liquidity analysis
  • Assess market data and compare to internal Fund-level statistics and results
  • Construct earnings presentations, investment and risk committee analysis, ongoing fund-level reports as needed
  • Maintain fund model to help facilitate investment and fund financing decisions
  • Bring demonstrable experience in managing all stages of the debt financing process for middle market companies to the Onex Credit platform, including origination, sourcing, pitching, underwriting, structuring, term sheet negotiation, executing, documentation and closing for managing lending for private equity backed transactions and corporate clients in the middle market
  • Cultivate relationships with various market participants, including intermediaries, broker dealers, regional and boutique investment banks, legal and accounting firms, financial sponsors, and other private debt investment firms to generate consistent, robust pipeline of deal flow
  • Screen initial opportunities to determine interest in underwriting, support underwriting team as needed during the diligence and legal documentation processes

What you will bring:

  • 6+ years of experience in the financial services industry or credit markets, including structuring/execution of complex financial products, investment banking, portfolio management or direct investing
  • Substantial knowledge of fixed income concepts and function of senior and junior debt capital markets
  • Fluency around all aspects of evaluation, structuring, negotiation, and execution for mid-market debt financings
  • Exceptional fluency in Microsoft Excel
  • Excellent oral and written communication skills with the ability to express ideas in a concise, persuasive, and organized manner
  • Strong analytical and critical thinking skills
  • A professional presence coupled with relationship building skills to interact effectively with internal and external parties
  • Ability to manage several projects at once and work effectively as an individual and as part of multiple teams
  • An achievement-oriented and entrepreneurial nature, while possessing a team player attitude consistent with the Onex's culture

Compensation:

The anticipated annual base salary range for this role is $150,000 to $250,000. Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Employees may be eligible for a discretionary bonus, based on factors such as individual and company performance.

The compensation range for this role is specific to New York City and considers a wide range of factors including but not limited to the skill sets required/preferred; prior experience and training; licenses and/or certifications.

Our team & Commitment:

Onex is led by the firm’s CEO, Bobby Le Blanc, and experienced leaders at each of our businesses. We have over 170 investment professionals across all platforms, supported by approximately 265 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 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.

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, our 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 all backgrounds, creating authentic awareness of DE&I, fostering a 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, Bobby Le Blanc, 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.

Environmental, Social & Governance:

We are committed to delivering value for all of our stakeholders – our shareholders, investors, employees, operating companies and the communities in which we operate. Responsible governance throughout Onex and across our platforms is fundamental to the success of our organization. We hold ourselves to the highest standards of good governance, which builds trust and confidence in our stewardship of capital.

Recent initiatives include the addition of resources to our environmental, social and governance (“ESG”) team and progress on our efforts to measure carbon emissions across Onex and our investment platforms. To remain aligned with emerging best practices, we participate in several industry initiatives, including the ESG Data Convergence Initiative, Initiative Climate International (“iCI”), the Principles for Responsible Investment (“PRI”), the IFRS Sustainability Alliance and FCLT Global, among others. We expect our program to continue to expand, while remaining rooted in our founding principle of responsible investing.