The Financial Post reports in its Wednesday, May 13, edition that Onex aims to raise $1-billion (U.S.) to extend its minority ownership of insurance brokerage and employer adviser Onedigital, as more private asset firms tap the booming secondaries market. A Bloomberg dispatch to the Post reports that Evercore is advising Onex on the single-asset continuation fund, according to people familiar with the matter, who asked not to be identified because the details are private. Onex acquired a majority stake of Onedigital in 2020, selling most of it last year to Stone Point Capital and Canada Pension Plan Investment Board in a deal that valued the firm at more than $7-billion (U.S.). Representatives for Evercore and Onex did not respond to requests for comment. The secondaries market has boomed in recent years, as higher interest rates and economic uncertainty have kept private equity buyers on the sidelines. Last year, almost 90 per cent of secondaries volume led by private asset managers involved continuation vehicles, which let firms roll prized or hard-to-sell assets into new funds, according to Jefferies Financial Group.