08:38 AM EST, 02/21/2025 (MT Newswires) -- Onex ( ONEXF ) , an investment management firm, swung to a fourth-quarter net loss of US$2 million, or US$0.02 per share, compared to year-ago net earnings of US$373 million, or US$4.81 per share.

Private equity investments had net gains of US$11 million, down from US$250 million, the company said on Friday. Investments in credit strategies generated net gains of US$16 million, dropping from US$66 million.

Onex ( ONEXF ) said it had about US$8.3 billion of investing capital, or US$113.70 per diluted share, as of Dec. 31, 2024. Its investing capital per fully diluted share returned 6% for 2024 or 15% in Canadian dollars.

Over the last five years, investing capital per fully diluted share has had a compound annual return of 13%, the company said.

The board declared a first-quarter dividend of US$0.10 per subordinate voting share, payable April 30 to shareholders of record on April 10.

"Shareholders continue to benefit from our strong balance sheet and liquidity position, and most recently through our substantial issuer bid," President and CEO Bobby Le Blanc said.