Onex Seeks $1 Billion to Hang Onto OneDigital Stake For Longer

Onex Partners is seeking to raise $1 billion to extend its minority stake in insurance brokerage and employer adviser OneDigital, highlighting continued activity in the secondaries market. The move underscores private asset firms' growing use of secondary transactions to manage and prolong ownership stakes in attractive portfolio companies. The article is largely factual and is unlikely to have broad market impact.

Analysis

Onex Partners is seeking to raise $1 billion to extend its minority stake in insurance brokerage and employer adviser OneDigital, highlighting continued activity in the secondaries market. The move underscores private asset firms' growing use of secondary transactions to manage and prolong ownership stakes in attractive portfolio companies. The article is largely factual and is unlikely to have broad market impact.