How We Are Invested

Onex has invested its capital in private equity, real estate and credit securities while maintaining a prudent amount of cash to fund future investment opportunities.

	Proprietary Capital
As at June 30, 2010	(US$ millions)		(CDN$ millions)
Private Equity
Onex Partners
Private Companies	$	1,5991	$	1,7021
Public Companies	4442		4732
Unrealized Carried Interest on Public Companies	44		47
ONCAP	1683		1793
Direct Investments
Private Companies	2514		3404
Public Companies	1432		1522
	2,649		2,893
Alternative Assets
Onex Real Estate Partners	975		1035
Onex Credit Partners	916		976
	188		200
Other Investments	60		64
Cash and Near-Cash	8877		9447
Onex Corporation Debt	Nil		Nil
	$	3,784	$	4,101

(1)	Based on the US$ fair value of the investments in Onex Partners' financial statements and US$/CDN$ exchange rate of 1.0646.
(2)	Based on the June 30, 2010 market values and US$/CDN$ exchange rate of 1.0646.
(3)	Based on the CDN$ fair value of the investments in ONCAP’s financial statements and US$/CDN$ exchange rate of 1.0646.
(4)	Historical US$ and historical CDN$ cost amounts.
(5)	Based on carrying value of Onex Real Estate Partners' investments at June 30, 2010.
(6)	Based on the June 30, 2010 market values and US$/CDN$ exchange rate of 1.0646.  Excludes CDN$159 million investment in Onex Credit Partners' unleveraged senior secured loan strategy fund, which is included with cash and near-cash items.
(7)	Includes approximately CDN$159 million invested in Onex Credit Partners' unleveraged senior secured loan strategy fund.

Onex Corporation has no material debt. Its policy is to preserve a financially strong parent company that has funds available for new acquisitions and to support the growth of its businesses.