Veritas Capital Fund Management LLC is pitching a second new investment strategy to investors after collecting $400 million for its maiden credit fund in October.
The private-equity firm is targeting $1.25 billion for a new midmarket fund, according to people familiar with the matter.
Veritas Capital seeks investments in companies that offer mainly technology and technology-enabled solutions to the aerospace and defense, healthcare, software, national security, communications, energy, government services and education industries.
Veritas partners with portfolio company management teams to deploy value-building strategies and drive transformational growthacross their businesses, allowing them to target larger addressable markets, expand into adjacent market segments, and capitalize on new compelling business opportunities.
Except from Octorber last year Veritas latest major capital raise was in 2019 where they closed the seventh fund with $6.5 billion of commitments. Veritas Capital Fund VII was brought to a quick close in less than six months after launching its fundraising and was significantly oversubscribed, with demand exceeding its hard cap and its initial target of $5 billion.
Read more: Wall Street Journal