Onex Credit Partners (“OCP”) is Onex’ exclusive credit investing platform. OCP seeks to generate attractive risk-adjusted returns while emphasizing preservation of capital. It employs opportunistic investing strategies focused predominantly on the senior secured and unsecured debt of non-investment grade North American companies.

Stuart Kovensky and Michael Gelblat, each with more than 20 years of credit experience, co-manage the OCP team of 10 professionals. They have a nine-year track record that has generated attractive absolute and risk-adjusted returns that compare favorably with returns and volatility of benchmark indices.

As of December 31, 2009, the firm managed approximately US$800 million through several senior debt strategies. Each of these has a differentiated return/risk objective and portfolio characteristic, as well as a focus on maintaining liquidity through all market cycles. These strategies are:    

• Debt Opportunity: Opportunistic and event-driven focus on senior debt of companies that exhibit stress or are distressed, investing both long and short without the use of leverage. 
• Credit Strategy Fund (OCS.LN): Closed-end Canadian retail fund listed on the TSX that follows a similar strategy to the Debt Opportunity Strategy. 
• Senior Credit: Focused primarily on performing first-lien loans, with moderate exposure to stressed situations, and utilizing modest leverage to enhance returns.
• Senior Floating Income: Focused solely on performing first-lien loans with no exposure to stress/distressed situations and without the use of leverage.