Onex Corp. has completed the fundraise of Onex Structured Credit Opportunities Fund. The inaugural Fund surpassed its $500 million target and received support from existing Onex investors and new partners.

Onex manages and invests capital for its shareholders, investors and high net worth clients. OSCO seeks to generate returns primarily through investing in collateralized loan obligations.

“With OSCO, we continue to broaden our alternative and private credit offerings with a valuable complement to investor portfolios while leveraging our existing fundamental credit experience,” said Ronnie Jaber, managing director at Onex Credit. “We are thrilled by the support we’ve received from new and existing partners.”