Veritas Capital has closed its ninth flagship fund and related vehicles at $15.3 billion, expanding its capital base despite a challenging global fundraising environment.
How Does Fund IX Compare to Prior Veritas Funds?
The New York-based investment firm said Tuesday the Fund IX close represents a 40 percent increase over its predecessor fund, which raised $10.7 billion in 2022. Veritas previously announced that it secured $14.4 billion in capital commitments for Fund IX, exceeding its initial $13 billion target.
Ramzi Musallam, CEO and managing partner of Veritas, said the capital raise reflects investor confidence during a constrained fundraising cycle.
“Our ability to raise $15.3 billion underscores the strength of our platform and our investors’ conviction in our ability to outperform,” the 11-time Wash100 Award recipient stated.
Where Does Veritas Plan to Deploy the New Capital?
Veritas focuses on technology-driven companies operating at the intersection of government and commercial sectors — including aerospace and defense, national security, healthcare, and energy, where demand is shaped by policy and regulation.
Since closing Fund IX, the firm has continued deploying capital through both its flagship and Vantage strategies, which focus on middle-market businesses. Under the Vantage strategy, Veritas agreed to acquire MetroStar, an artificial intelligence-enabled digital transformation services provider supporting defense and national security agencies. Through its flagship strategy, the firm announced the acquisition of healthcare supply chain software provider GHX.
How Are Portfolio Companies Securing Major Contracts?
Further validating Veritas’ investment strategy, portfolio company Peraton secured a landmark multibillion-dollar award to modernize the Federal Aviation Administration’s air traffic control infrastructure as part of a White House-led effort.
Veritas has consistently ranked in the global top 10 of the HEC-Dow Jones Large Buyout Performance Ranking over the last four years.
