Onex Corporation announced today that Stephen Baker will join the Onex Credit Partners team as it establishes a London office to expand the platform to Europe. Initially, the platform will focus on placement of European CLOs.

Onex Credit manages approximately $4.7 billion through several debt strategies. Onex Credit recently completed its largest CLO to date, offering approximately $1 billion in securities and loans in a private-placement transaction believed to be the first broadly syndicated U.S.-dollar CLO structured to comply with European risk-retention requirements.

Prior to joining Onex Credit, Baker was based in London as a senior portfolio manager with CQS, and has also held senior leadership roles in leveraged credit, syndications, and corporate finance with Scotia Capital, Bank of America, Barclays, and Canadian Imperial Bank of Commerce.

Private equity firm Onex Corporation has offices in Toronto, New York, and London. At Onex Credit Partners, Onex manages and invests in leveraged loans, CLOs, and other credit securities. The company has roughly $22 billion of assets under management, including $6 billion of Onex capital, in private equity and credit securities. Onex invests its capital directly and as the largest limited partner in each of its funds. – Sarah Husband

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