Veritas Capital closes eighth flagship fund at $10.65bn

Veritas Capital, a technology and government investment firm, has held the final close of its latest flagship fund, Veritas Capital Fund VIII (Fund VIII) with $10.65bn of aggregate committed capital.

Fund VIII was significantly oversubscribed, with demand exceeding its hard cap and initial target of $8.5 billion. Veritas Capital Fund VII closed on $6.5 billion in commitments in 2019.

Since inception, Veritas has identified and driven the transformation of more than 115 companies that provide critical products and services to government-related and commercial customers. Fund VIII will continue leveraging the firm’s proprietary intellectual property and applying its focused, successful playbook that has been in place over the last 25 years.

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The heart of the strategy is driving strategic and transformational growth across its portfolio companies, allowing them to target larger addressable markets, expand into adjacent market segments, capitalise on new and compelling business opportunities, and making them more valuable in their ecosystems.

Fund VIII received commitments from a combination of new and existing investors from across the globe, including leading institutions, endowments and foundations, family offices, and pension plans.

Source: Private Equity Wire

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