Veritas Capital has completed the final close of its ninth flagship fund with $14.4 billion in capital commitments, surpassing the initial $13 billion target and its hard cap after strong investor demand. This result represents a 35% increase over Fund VIII, which closed at $10.7 billion in 2022.
With Fund IX’s close, Veritas now manages more than $54 billion in assets across its private equity and credit strategies. The firm remains focused on investing in essential, resilient businesses operating in highly regulated industries where software, data, and artificial intelligence are driving significant transformation.
Fund IX builds on Veritas’s established approach of combining deep industry expertise, proprietary intellectual property, and a repeatable strategic playbook. This platform is specifically designed to navigate complex markets of global importance, including defense, healthcare, technology, and government services.
Veritas’s ability to deliver strong returns and long-term value has earned consistent industry recognition. The firm has been ranked among the top 10 global private equity investors by HEC Paris–Dow Jones for three consecutive years and was named America’s top-performing buyout firm by Preqin in 2023.
The new pool of capital will enable Veritas to accelerate investment in companies at the intersection of technology and government, supporting their growth, innovation, and operational transformation in sectors undergoing secular change.
KEY QUOTES:
“Fund IX represents an important step forward for Veritas, and I’m deeply proud of our team and the enduring partnerships that made this milestone possible. In one of the most challenging fundraising environments in recent memory, strong demand for Fund IX is a clear endorsement of our strategy and platform. 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.”
Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas
