ONYX INVESTMENTS

Haim Saban and Adam Chesnoff lead investment decisions. Chesnoff, who serves as President of the Saban Capital Group structure and oversees the office's legal and financial affairs, has been the primary operating executive guiding the office's direct investments since joining in the mid-2000s. Major commitments require Saban's final approval, consistent with how he has managed his business affairs since selling the Power Rangers franchise.

Onyx relies on a combination of Haim Saban's personal network in media, entertainment, and Israeli technology, alongside long-standing relationships with sovereign wealth funds and other large family offices. The office rarely participates in broad competitive auctions. Instead, Onyx frequently structures bilateral or small-syndicate deals, especially when intellectual property rights or media distribution are part of the underlying asset package.

Yes, but with a concentrated, high-stakes approach. Onyx does not accept external investors and functions exclusively as the private investment platform for Haim Saban. However, its deal structure often resembles that of a merchant bank or holding company rather than a diversified allocator, with a handful of very large, illiquid positions dominating the portfolio at any given time.

Onyx is overwhelmingly a direct-deal investor. While the office may maintain a handful of legacy fund positions, its primary investment activity involves concentrated direct equity and structured equity stakes in private operating companies. The office has shown a clear preference for negotiated, control-oriented, or influential minority positions in a small number of companies.

Onyx does not articulate a formal exclusion list, but its track record shows an avoidance of heavy industrial, extractive industries, and consumer packaged goods. The office has consistently stayed within the lanes of media, entertainment, mobile gaming, and enterprise technology, where Saban's operational expertise and network offer a structural advantage in sourcing and evaluating deals.

The core wealth originated from Haim Saban's creation and global commercialization of the Power Rangers franchise. He sold the property to Disney in October 2001 for approximately $3 billion. Additional wealth was later generated through the recapitalization and eventual sale of Univision Communications, a Spanish-language media giant in which Saban held a major ownership stake.

Onyx has a well-documented history of co-investing alongside large institutional partners rather than operating as a limited partner. Its most notable co-investment profile involved partnering with Mubadala and TPG on media acquisitions. The office values its seat at direct-deal tables as an equal co-investor, not as a passive fund allocator.