Onex Corporation and Onex Credit appointed Clint Comeaux head of high yield credit and Tom Higbie portfolio manager for the opportunistic credit team.
Comeaux and Higbie’s appointments are the latest of several new hires that will build upon Onex Credit’s core bank loan and CLO businesses. In these newly created positions, Comeaux and Higbie will report to Stuart Kovensky and Jason New, co-CEOs of Onex Credit.
Comeaux will be responsible for leading the expansion of Onex Credit’s high yield strategy. Onex Credit believes there is continued growth momentum in the high yield strategy and compelling synergies with its other strategies including opportunistic credit, loans and CLOs, as well as investment grade credit at Gluskin Sheff.
“Clint has a successful investing track record and considerable experience in building and managing a high yield investing team that has demonstrated substantial growth in AUM over the last decade,” Kovensky said.
Higbie will oversee investments for Onex’s opportunistic credit team, which the firm is continuing to grow.
“We are excited to bring Tom on board to build upon the momentum we have from several recent hires focused on distressed and opportunistic credit,” New said.
Comeaux joined Onex from Muzinich & Co. where he was most recently lead portfolio manager responsible for U.S. high yield strategies.
Higbie joined to Onex from Solus Alternative Asset Management where he was a managing director focused on distressed and special situations and opportunistic corporate credit.
Established in 2007, Onex Credit has grown its assets under management from approximately $300 million to more than $12 billion.
Founded in 1984, Onex Corporation invests and manages capital on behalf of its shareholders, institutional investors and high net worth clients.