Veritas Capital announced on Wednesday that it has finished fundraising for The Veritas Capital Vantage Fund, closing its hard cap with a total of $1.8 billion of committed capital. The funding was raised in two months after Veritas’ first engagement with investors was oversubscribed.
The Vantage Fund’s closing brings the company's total assets to approximately $28 billion.
“We are grateful for the tremendous confidence and support of both our existing limited partners and new investors, which enabled us to raise this fund so quickly,” commented Ramzi Musallam, CEO and managing partner of Veritas Capital and previous Wash100 Award recipient.
“Veritas’ legacy is founded on investments in the middle-market, and this inaugural dedicated fund will harness our deep track record, highly synergistic, integrated investment platform and time-tested approach to value creation. The Vantage Fund is a natural expansion for us and will enable us to further leverage technology to make a positive impact and support the growth of more businesses across the vital areas of our target industries,” Musallam added.
The Vantage Fund will use Veritas' extensive capabilities and intellectual property in technology investing to capitalize on investment opportunities in the market. It provides an added vehicle for investments that requires less equity capital than the more significant investments covered by Veritas' flagship funds.
Aside from the Vantage Fund, the company also closed Veritas Capital Fund VII and the Veritas Capital Credit Opportunities Fund.
Since its founding, Veritas has driven the digital transformation of over a hundred companies that provide critical products, services and software to government-related and commercial customers worldwide. The Vantage Fund will continue the successful strategy of Veritas’ top-performing flagship funds of investing in crucial technology related to healthcare, education, national security, software and communications.
About Veritas Capital
Veritas is a longstanding investor in companies operating at the intersection of technology and government. The Firm invests in companies that provide critical products, services, and software, primarily technology and technology-enabled solutions, to government and commercial customers worldwide, including those operating in the healthcare, national security, software, education, aerospace & defense, government services, communications, and energy industries. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means.