Veritas Capital has raised $3.55 billion to fund future investments in technology-focused middle-market companies that support government-related and commercial organizations across various sectors.
The private equity investment firm said Wednesday Veritas Capital Fund VI, which exceeded the target hard cap of $3 billion in four months, could go to investments in sectors such as government services, aerospace and defense, national security, healthcare, technology, energy, communications and education.
“We are grateful for the support and confidence of our existing investors and are pleased to welcome a number of new investors to the fund,” said Ramzi Musallam, Veritas Capital managing partner and CEO.
Veritas Capital noted it works with portfolio company management teams to foster business development, transformation and growth.
It agreed to acquire Harris‘ (NYSE: HRS) government information technology services business in January under a potential $690 million deal to close by the end of July as part of the investment firm’s larger portfolio reshaping effort.