Oncap Management Partners L.P.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 161167
· SEC file 801-110548
· Toronto
· www.linkedin.com
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ADV data as of May 15, 2026
- Regulatory AUM
- $3.7B
- Discretionary
- $3.7B
- Clients
- 17
- Avg AUM / client
- $218M
- Accounts
- 17
- Employees
- 174
AUM over time
$1.9B
$3.7B
Dec 2016
May 2026
Annual snapshots from Form ADV filings · as of May 15, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 17 | $3.7B | 100.0% |
Private funds (12)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $2.9B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Oncap Iv Lp | Private Equity Fund | Canada | $937M | 82 |
| Onex Parallel (Oncap) Iv Lp | Private Equity Fund | Canada | $850M | 88 |
| Oncap V Lp | Private Equity Fund | Canada | $666M | 64 |
| Onex Parallel Investment (Oncap) L.P. | Private Equity Fund | Canada | $101M | 50 |
| Oncap Ii L.P. | Private Equity Fund | Canada | $96.1M | 25 |
| Onex Parallel (Oncap) Iii Lp | Private Equity Fund | Canada | $78.6M | 73 |
| Oncap Iii Lp | Private Equity Fund | Canada | $78.4M | 36 |
| Oncap Iii (Canada) Lp | Private Equity Fund | Canada | $51.4M | 29 |
| Oncap Pura Vida Co Invest Lp | Private Equity Fund | Canada | $24.7M | 7 |
| Oncap (Us) Ii A L.P. | Private Equity Fund | Canada | $21.6M | 6 |
| Oncap Iv Select Lp | Private Equity Fund | Canada | $12.1M | 8 |
| Oncap (Us) Ii L.P. | Private Equity Fund | Canada | $6.9M | 14 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Lay, Michael, David | Managing Partner | Feb 2001 (26y) | Less than 5% | |
| Schwartz, Gerald, Wilfred | Shareholder | Mar 2013 (13y) | 75% or more of New Oncan Canadian Holdings Ltd. (indirect) | |
| Govan, Christopher, A | Director (Oncap Management Ii Ulc) | Dec 2016 (10y) | Less than 5% | |
| Feder, Yonah, Elimelech | Chief Compliance Officer | Jul 2018 (8y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Oncap Management Partners Ii Lp | Limited Partner | Jan 2017 | A | 75% or more |
| Oncap Management Ii Ulc | General Partner | Jan 2017 | A | Less than 5% |
| 1597257 Ontario Inc. | Shareholder | Mar 2012 | B | 75% or more of Oncap Management Inc. (indirect) |
| Oncap Management Partners Ii Lp | Shareholder | Jan 2017 | B | ≈ 0% – 5% via Oncap Management Ii Ulc |
| Afic Capital Ltd. | Shareholder | Apr 2016 | B | 75% or more of 1597257 Ontario Inc. (indirect) |
| Oncan Canadian Holdings Ltd. | Shareholder | Apr 2016 | B | 75% or more of Afic Capital Ltd. (indirect) |
| New Oncan Canadian Holdings Ltd. | Shareholder | Mar 2013 | B | 75% or more of Oncan Canadian Holdings Ltd. (indirect) |
| Onex Corporation | Limited Partner | Jan 2017 | B | ≈ 56.25% – 100% via Oncap Management Partners Ii Lp |
| New Pco Ii Investments Ltd. | Shareholder | Mar 2017 | B | ≈ 21.09% – 75% via Omil Holdings Limited |
| Omil Holdings Limited | Shareholder | Mar 2003 | B | ≈ 28.13% – 75% via Onex Corporation |
| Oncap Management Inc. | General Partner | Jan 2017 | B | GP / trustee / elected manager of Oncap Management Partners Ii Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Oncap Management Partners Ii Lp: 75% – 100% of Oncap Management Ii Ulc × 0% – 5% direct ≈ 0% – 5% of the firm
- Onex Corporation: 75% – 100% of Oncap Management Partners Ii Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
- New Pco Ii Investments Ltd.: 75% – 100% of Omil Holdings Limited × 50% – 75% of Onex Corporation × 75% – 100% of Oncap Management Partners Ii Lp × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Omil Holdings Limited: 50% – 75% of Onex Corporation × 75% – 100% of Oncap Management Partners Ii Lp × 75% – 100% direct ≈ 28.13% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (12, $2.9B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Oncap Iv Lp | Private Equity Fund | $937M | $10.0M | 82 |
| Onex Parallel (Oncap) Iv Lp | Private Equity Fund | $850M | $10.0M | 88 |
| Oncap V Lp | Private Equity Fund | $666M | $5.0M | 64 |
| Onex Parallel Investment (Oncap) L.P. | Private Equity Fund | $101M | $1.0M | 50 |
| Oncap Ii L.P. | Private Equity Fund | $96.1M | $1.0M | 25 |
| Onex Parallel (Oncap) Iii Lp | Private Equity Fund | $78.6M | $10.0M | 73 |
| Oncap Iii Lp | Private Equity Fund | $78.4M | $10.0M | 36 |
| Oncap Iii (Canada) Lp | Private Equity Fund | $51.4M | $10.0M | 29 |
| Oncap Pura Vida Co Invest Lp | Private Equity Fund | $24.7M | $5.0M | 7 |
| Oncap (Us) Ii A L.P. | Private Equity Fund | $21.6M | $1.0M | 6 |
| Oncap Iv Select Lp | Private Equity Fund | $12.1M | $10.0M | 8 |
| Oncap (Us) Ii L.P. | Private Equity Fund | $6.9M | $1.0M | 14 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/15/2026 | 4.74 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 15, 2026.
View current Form ADV (SEC/IAPD) ↗