Onex adds Jaber, Valerio to bank loan and CLO businesses

By Sarah Lizee

Olympia, Wash., May 29 – Onex Corp. and Onex Credit have appointed Ronnie Jaber as head of structured products and Chad Valerio as portfolio manager for Onex’ opportunistic credit team.

These newly created positions will report to Stuart Kovensky and Jason New, co-chief executive officers of Onex Credit.

Jaber and Valerio’s appointments are the latest of several new hires reflecting Onex Credit’s efforts to build out the platform from its core bank loan and CLO businesses.

Jaber will lead a growing team that will have an immediate impact on Onex Credit’s CLO platform, focusing on investing in CLO tranches in the secondary market.

Valerio will oversee investments for Onex’ Opportunistic Credit team, which the firm is continuing to grow to seize the current expanding market opportunities.

Jaber joins Onex Credit from Carlyle Group, where he was managing director, co-head of structured credit and portfolio manager for global credit. He will begin at Onex Credit on June 1.

Valerio comes to Onex from Oak Hill Advisors, where he was managing director and portfolio manager focusing on stressed and distressed investments. He began at Onex Credit on May 26.

The private equity firm is based in Toronto.

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