NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES 


Onex Credit Partners, LLC ("OCP") is pleased to announce that the syndicate of
agents for the follow-on offering of OCP Credit Strategy Fund (the "Fund")
(TSX:OCS.UN) has partially exercised its over-allotment option and acquired an
additional 1,240,000 units of the Fund. In total, the Fund issued 9,840,000
units pursuant to the follow-on offering, yielding gross proceeds of
approximately $100 million.


In addition, the Fund announces that the expected distribution amount for the
following twelve months is $0.175 per unit per quarter ($0.70 per annum).


The syndicate of agents for the Offering was co-led by RBC Capital Markets. and
CIBC World Markets Inc. and included BMO Capital Markets, National Bank
Financial Inc., Scotia Capital Inc., TD Securities Inc., GMP Securities L.P.,
Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Macquarie Capital
Markets Canada Ltd., Raymond James Ltd., Mackie Research Capital Corp.,
Wellington West Capital Markets Inc. and Rothenberg Capital Management.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.


Certain statements included herein constitute forward-looking statements,
including, but not limited to, those identified by the expressions "expect",
"intend", "will" and similar expressions to the extent they relate to the Fund.
The forward-looking statements are not historical facts but reflect OCP's
current expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations.
Although OCP believes that the assumptions inherent in the forward looking
statements are reasonable, forward-looking statements are not guarantees of
future performance and, accordingly, readers are cautioned not to place undue
reliance on such statements due to the inherent uncertainty therein. OCP
undertakes no obligation to update publicly or otherwise revise any
forward-looking statement or information whether as a result of new information,
future events or other factors which affect this information, except as required
by law.

For further information, please visit www.ocpcreditstrategy.com.

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