Private equity manager Onex Corp. closed the $1.1 billion ONCAP IV, a middle-market buyout fund, the company announced in a news release Tuesday.
Onex announced its fundraising for ONCAP IV, which targets small and midsize companies in North America, took two months, but it did not say what the fund’s original target was. The manager’s previous middle-market fund, ONCAP III, closed at $800 million in 2011.
Investors include the $12.4 billion Maine Public Employees Retirement System, Augusta, and the $2.3 billion Houston Municipal Employees Pension System.
Emilie Blouin, Onex’s director, investor relations, did not return a phone call seeking further information by press time.
