Veritas Capital has generated $6.5B in capital commitments for its seventh fund in support of its strategy to invest in technology-focused companies that deliver products and services to government and commercial clients.
Veritas Capital Fund VII exceeded the target hard cap of $5B in less than six months, the private investment firm said Tuesday.
“I believe the strength of our latest fundraise is a testament to our diverse team of investment professionals and associated intellectual property that enable us to identify attractive investment opportunities and drive unmatched growth,” said Ramzi Musallam, CEO and managing partner of Veritas Capital and a 2019 Wash100 winner.
Veritas closed its sixth fund in 2017 with $3.55B in capital commitments.
Veritas works with management teams of portfolio companies to help advance transformational growth initiatives, leverage new business opportunities and expand reach into adjacent market segments. It supports tech companies in sectors such as aerospace and defense, government services, national security, health care, education and communications.