Private Equity: Onex Corporation Promotes Le Blanc to President

Private Equity: Onex Corporation Promotes Le Blanc to President
Private equity firm Onex has promoted Bobby Le Blanc to president. He will now oversee all business ventures and will serve as head of Onex Partners. Le Blanc will also be in charge of reporting to Chairman and CEO Gerry Schwartz. According to Schwartz, “Having joined the firm more than 20 years ago, Bobby represents the best of Onex. I am confident he will continue to be a positive force in our future success and Onex, our shareholders and our partners will continue to benefit from his proven leadership.”
Onex is developing an extensive leadership plan with lots of expected growth. For instance, Onex’s assets under management have grown to over $35 billion. Private equity has accounted for $20 billion of Onex’s assets under management. Onex’s acquisition of Gluskin Sheff in 2019 has helped contribute to this growth. One of Le Blanc’s main goals as president is to expand Onex’s human capital and financial capital.
Anthony Munk will serve as Vice Chairman and head of investment for Onex Partners. Seth Mersky will leave his current position at Onex and join Gluskin Sheff as Vice Chairman.
Onex Corporation is an investment management firm located in Toronto, Canada. It was founded in 1984 and currently holds $31.2 billion assets under management. Onex Partners is Onex’s private equity arm that focuses on larger institutional investments.

Latest Alternative Investment News

Venture Capital: JMI Closes Oversubscribed Fund XI At $2.4B
JMI Equity has closed JMI Equity Fund XI and JMI XI Executive Fund with total commitments of $2.4 billion. The oversubscribed fund received strong support from new and existing investors,…

Alternative Investments/ESG: Fidelity Debuts Climate-Focused, Global Bond ETF In Europe
Fidelity International has launched a new fixed income ETF in Europe, targeting climate-conscious investors. The Fidelity Global Government Bond Climate Aware UCITS ETF is designed to provide exposure to a…

FinTech: Users Can Now Receive Western Union Remittances Into Vietnam’s Highly Popular MoMo App
Western Union and MoMo have announced a collaboration enabling MoMo’s 31 million customers to receive Western Union money transfers through the MoMo app. This is the first time Western Union’s…

Artificial Intelligence: Accenture Snaps Up India-Headquartered Industrial AI Firm Flutura
Accenture (NYSE: ACN), a global professional services company, has announced its acquisition of Flutura, an industrial artificial intelligence (AI) company based in Bangalore, India. Flutura specializes in industrial data science…