Onex Seeks $1 Billion to Hang Onto OneDigital Stake For Longer

Onex Partners aims to raise $1 billion to extend its minority ownership of insurance brokerage and employer adviser OneDigital, as more private asset firms tap the booming secondaries market.

Evercore Inc. is advising Onex on the single-asset continuation fund, according to people familiar with the matter, who asked not to be identified because the details are private.