Private equity companies and other financiers are increasingly filling the loaning void left by banks in the wake of increased policy following the monetary crisis. Onex signs up with large buyout firms consisting of Carlyle Group LP, KKR amp; Co. and Blackstone Group LP in expanding their abilities beyond leveraged buyouts, consisting of in credit.Regulations that hamper banks have created #x 201C; white space #x 201D; for private lenders to fill, Nat Zilkha, KKR #x 2019; s co-head of credit, stated Thursday in a Bloomberg Television
interview.Onex in April worked with Walt Jackson to establish its direct lending platform. Jackson formerly was the chief operating officer of Goldman Sachs Group Inc. #x 2019; s private credit group.
#x 201C; Direct lending is a natural extension of our organisation and more leverages our credit team and recognized infrastructure, #x 201D; Michael Gelblat, the chiefpresident of Onex #x 2019; s credit company, said in a declaration at the time.Founded in 1984, Toronto-based Onex has about$22.6 billion in possessions under management.