Onex promotes Hausman to managing director

Onex Corporation has promoted former principal Josh Hausman to the role of managing director.

Hausman joined Onex in 2004 and leads the firm’s technology investing practice from New York, where he also focuses on investments in the healthcare sector. He previously worked in the healthcare investment banking group at Bank of America.

Hausman’s promotion brings the total number of managing directors at Onex to six. He is the only managing director in the firm’s New York office, which is led by senior managing director Robert Le Blanc. The Toronto-based firm opened a London office, its first office outside of North America, last fall.

Onex has gotten off to a quick start in 2013, investing a combined $185 million last week in two aircraft leasing companies. The firm made the investments from its $4.7 billion Onex Partners III fund, which is more than 60 percent invested.

Onex completed three private equity investments in 2012, the largest being the firm’s $2.3 billion buyout of US insurance brokerage services company USI in November.

Onex manages private equity, real estate and credit securities investments, managing approximately C$14 billion (€10.8 billion, $13.7 billion) of which C$10 billion is third-party capital.