Onex Credit Partners, LLC (Englewood Cliffs)


Onex Credit Partners, LLC is a large advisory firm based in Englewood Cliffs. It manages $10.66 billion of regulatory assets for 33 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of New Jersey.

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Onex Credit Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Onex Credit Partners: assets under management

The assets under management (AUM) of Onex Credit Partners, LLC is $10.66 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2698% since the beginning of its operation, and $10.54 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $10.66 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $323.07 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Onex Credit Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Christopher A Govan serves?

The only and largest group of clients of Christopher A Govan is pooled investment vehicles with 33 clients and $10.66 billion of assets under management. Among the 13 most similar advisory firms, Onex Credit Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $10.66 billion for 33 clients. 85% of the firm’s clients are foreign persons or businesses.

Onex Credit Partners also advises several private funds. Namely, five hedge funds, one other private fund, and sixteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.

Careers at Onex Credit Partners, LLC

The company employs 42 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Christopher A Govan has been acting as President since 1 Nov 2007. New Pco Ii Investments Ltd. joined the executive team most recently as the Shareholder.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Michael Jay Gelblat Co-founder, chief executive officer, chief investment officer and director 1 Oct 2005 Other 1430742
Stuart Richard Kovensky Co-founder and director 1 Oct 2005 Other 2437717
Michael J. Gelblat Grat I Member 1 Jan 2006 Other 20-7307780
Michael J. Gelblat Grat Ii Member 1 Jan 2006 Other 20-7307800
Stuart Kovensky Grat I Member 1 Jan 2006 Other 20-7307817
Steven Gutman General counsel and chief compliance officer 1 Mar 2006 Other 5131558
Josh R Spierer Chief financial officer 1 Apr 2006 Other 4081281
Ltd Omi Partnership Holdings Owner 1 Nov 2007 75% - 100% 98-0110342
Christopher A Govan Director 1 Nov 2007 Other 5453981
Andrew Jonathon Sheiner Director 1 Nov 2007 Other 5453980
Mjgmlg Llc Owner 1 Dec 2007 Other 26-1606674
Kovensky Family Llc Owner 1 Dec 2007 Other 26-1606845
John Francis Yang Managing partner 1 Jul 2010 Other 1836254
Seth Mersky Director 1 May 2012 Other 6162911

Indirect Owners

The SEC currently registers 22 indirect owners.

Name Entity Date acquired Ownership Employer ID
Onex Corporation Shareholder 1 Jun 1989 75% - 100% 98-0226660
Oncan Canadian Holdings Ltd. Shareholder 1 Feb 2003 75% - 100% foreign entity
Omil Holdings Limited Shareholder 1 Mar 2003 50% - 75% foreign entity
American Farm Investment Corporation Shareholder 1 Jan 2007 25% - 50% 98-0129370
Onex Corporation Shareholder 1 Nov 2007 75% - 100% 98-0226660
Michael Jay Gelblat Member 1 Dec 2007 75% - 100% 1430742
Stuart Richard Kovensky Member 1 Dec 2007 75% - 100% 2437717
Oncan Canadian Holdings Ltd. Shareholder 1 Mar 2009 75% - 100% foreign entity
Gerald Wilfred Schwartz Shareholder 1 Mar 2009 75% - 100% 416275
New Pco Investments Ltd. Shareholder 1 Nov 2012 75% - 100% 98-1086104
1597257 Ontario Inc. Shareholder 1 Nov 2012 75% - 100% 98-0495289
Afic Capital Ltd. Shareholder 1 Nov 2012 75% - 100% foreign entity
Afic Sister Inc. Shareholder 1 Nov 2012 75% - 100% foreign entity
Gerald Wilfred Schwartz Shareholder 1 Nov 2012 75% - 100% 416275
Oncan Canadian Holdings Ltd. Shareholder 1 Jan 2013 25% - 50% foreign entity
Gerald Wilfred Schwartz Shareholder 1 Mar 2013 75% - 100% 416275
New Oncan Canadian Holdings Ltd. Shareholder 1 Mar 2013 75% - 100% foreign entity
1597257 Ontario Inc. Shareholder 1 Dec 2013 75% - 100% 98-0495289
Oncan Canadian Holdings Ltd. Shareholder 1 Mar 2016 75% - 100% foreign entity
Afic Capital Ltd. Shareholder 1 Apr 2016 50% - 75% foreign entity
1597257 Ontario Inc. Shareholder 1 Dec 2016 75% - 100% foreign entity
New Pco Ii Investments Ltd. Shareholder 1 Mar 2017 75% - 100% foreign entity

Based in Englewood Cliffs

The principal office where Onex Credit Partners, LLC performs its advisory services is located at 930 Sylvan Avenue, Englewood Cliffs, NJ 07632, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (201) 541-2121 or by fax (201) 541-2611. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at onex.com/onex_credit_partners_investing.aspx.