Veritas Capital Raises a $1.8bn Midmarket Fund

Veritas Capital, a private-equity firm focused on investments in companies at the intersection of technology and government, has closed its first stand-alone midmarket-focused fund, collecting some $1.8bn.

Raised in just two months, the new vehicle will focus on smaller companies where technology and government meet.

The Veritas Capital Vantage Fund reached its hard cap after just two months of fundraising, according to the firm. It follows New York-based Veritas’s closing of its $400m maiden credit fund last fall and brings the firm’s assets under management to more than $28bn, Veritas said.

Source: Wall Street Journal

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