The firm initially sought to raise $13 billion for Veritas Capital Fund IX. Veritas Capital, one of the government market’s most high-profile private equity firms, has collected $14.4 billion from investors for its newest flagship fund focused on technology and complex markets.
That figure exceeds the firm’s initial goal of fetching $13 billion for Veritas Capital Fund IX and the $10.7 billion raised for the eighth fund in 2022. In closing Fund IX, Veritas said Wednesday it now manages roughly $54 billion in assets.
Veritas’ active investments in the government market include Arcfield, Cubic Corp. and Peraton. The firm’s most recent high-profile exit involved its sale of Guidehouse to Bain Capital in December 2023, a transaction valued at $5.3 billion including debt.
Health care, education and financial technology also are key focus areas for Veritas in the space of highly-regulated markets.
“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,” Veritas’ CEO and managing partner Ramzi Musallam said in a release.
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