The Globe and Mail reports in its Friday edition that Onex is setting new targets to boost the underlying value of its assets over the next two years but is tempering investors' expectations amid tough market conditions. The Globe's James Bradshaw writes that by the end of 2025, Onex expects to increase its investing capital by a compound rate of 14 to 16 per cent annually, and raise its annual earnings from fees to $55-million, the company said at an investor presentation on Thursday. That would boost its investing capital to about $185 a share, from $130 currently, not including anticipated share buybacks. Onex announced the new targets after it conceded it will fall short of previous targets for 2026 set out at a 2021 investor day. Since then, Onex has run into severe fundraising challenges, wound up its Gluskin Sheff private wealth business and cut expenses. If it meets the new targets, the value of its investing capital would increase at a rate that is comparable to or slightly better than its performance over the past five years. Chief executive officer Bobby Le Blanc said fundraising prospects for what he called "larger-cap" private equity firms such as Onex are "the most difficult the industry's ever seen."