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Ex-Blackstone Director Plots 30% Growth at Onex via Private Debt Jul 13 2021, 9:51 AM July 12 2021, 6:10 PM July 13 2021, 9:51 AM (Bloomberg) Investors hunting for higher yields are once again shoveling record amounts of cash into private lending, catapulting the asset class to more than $1 trillion globally. Onex Corp. doesn’t see the demand fading any time soon. (Bloomberg) Investors hunting for higher yields are once again shoveling record amounts of cash into private lending, catapulting the asset class to more than $1 trillion globally. Onex Corp. doesn’t see the demand fading any time soon. In fact, the Canadian investment manager is counting on private lending to help drive growth at its $23 billion credit arm, according to Jason New, the division’s head. Private lenders soak up deals that banks won’t do as they retreat from riskier assets, and charge a premium for it.

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