Onex Direct Lending BDC NAV per share drops to $21.53; Q3 return -1.8%

Onex Direct Lending BDC Fund

NAV per share $21.53 as of Sep 30, down 4.2% from $22.48 at Jun 30, driven by unrealized losses.
Quarterly return -1.8%, year-to-date -1.1%; dividends of $0.54/share (annualized yield 10.03%).
Portfolio fair value $407.3M across 59 companies; 97% first lien, 99% floating rate debt.
Net leverage 0.99x; two investments on non-accrual (unchanged from prior quarter).
Sold 7,989 unregistered common shares for $172,000 in private placement (total offering $359.8M).

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Onex Direct Lending BDC Fund issued 7,989 unregistered common shares of common stock to investors, including feeder vehicles for $172,000.

Security: common stock
Shares: 7,989 unregistered common shares
Purchaser: investors, including feeder vehicles
Consideration: $172,000

Exact text from the filing

table details the shares sold: Date of Unregistered Sale Amount of Common Shares Consideration October 1, 2025 (number of Common Shares finalized on October 17, 2025) 7,989 $ 172,000

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Source: SEC EDGAR

accession 0001193125-25-245163

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