ONCAP places significant value on consistent performance and has never suffered a capital impairment.

ONCAP I

C$400 million
Established January 2000
Six Platform Investments
15 Add-on Acquisitions
Fully Realized
4.1x gross MoC
3.1x net MoC
43% gross IRR
33% net IRR

ONCAP II

C$574 million
Established May 2006
Eight Platform Investments
90 Add-on Acquisitions
Five Realizations
Fully Invested
4.1x gross MoC
2.8x net MoC
30% gross IRR
21% net IRR

ONCAP III

C$800 million
Established September 2011
Eight Platform Investments
31 Add-on Acquisitions
One Realization
2.9x gross MoC
2.2x net MoC
27% gross IRR
20% net IRR

 

 

ONCAP IV

US$1.1 billion
Established November 2016
Seven Platform Investments
Nine Add-on Acquisitions


 



The investment in Pure Canadian Gaming is split approximately 80%/20% between ONCAP II and III respectively.
The investment in Tecta America is split approximately 50%/50% between ONCAP III and IV, respectively. Add-on acquisitions for Tecta America are included in both ONCAP III / ONCAP IV.
The calculation of Net Multiple of Capital Invested and Net Internal Rate of Return is based on cash inflows and outflows at the Fund level, and the unrealized value of net assets at September 30, 2018, and is not calculable for individual investments within each Fund or in aggregate across multiple ONCAP funds.