Veritas Capital Raises $14.4B for 9th Fund

Veritas Capital has raised $14.4 billion in capital commitments for its ninth fund, allowing it to further advance its strategy of investing in technology companies that provide mission-critical products and services for government and commercial customers worldwide.

The New York-based private equity firm said the oversubscribed Fund IX exceeded the hard cap and initial target of $13 billion.

According to Veritas, the fundraising effort represents a 35 percent increase over the eighth fund, which raised $10.7 billion in 2022.

Ramzi Musallam, CEO and managing partner of Veritas Capital, said Fund IX marks a key step forward for the firm.

“In one of the most challenging fundraising environments in recent memory, strong demand for Fund IX is a clear endorsement of our strategy and platform. As technology increasingly defines the future of national security, advances healthcare delivery, and drives the broader economy, this Fund empowers us to expand our impact, seize new opportunities, and continue fueling innovation where it matters most,” said Musallam, a 10-time Wash100 awardee.

Fund IX to Support Veritas’ Focus on Businesses in Highly Regulated Markets

Veritas said the latest fund will help advance its strategy of investing in companies in highly regulated markets.

With Fund IX’s closing, the firm now oversees more than $54 billion in assets and looks forward to leveraging technology to make an impact across key areas, including national security, healthcare, education and energy.

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