Fund Significantly Oversubscribed and Closed Within One Year of Launch

Veritas Capital (“Veritas”), a leading technology and government investment firm, announced today the successful final close of its latest flagship fund, Veritas Capital Fund VIII (“Fund VIII”) with $10.65 billion 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 leading commercial customers. Consistent with Veritas’ top-performing predecessor funds, 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. 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, capitalize on new and compelling business opportunities, and making them more valuable in their ecosystems.

“We are grateful to our global base of investors for their continued confidence, and we appreciate additional support from a number of new partners,” said Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas Capital. “The successful raise of Fund VIII demonstrates the enduring strength of Veritas’ differentiated team, strategy, and approach, enabling partnerships with technology and technology-enabled companies that provide critical products and services to government and commercial customers throughout the world. We look forward to pursuing a growing set of opportunities and continuing to make a positive impact across critically important areas, including healthcare, education, and national security.”

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.

Veritas has a robust track record of acquiring companies with significant growth potential, with notable recent investments including Houghton Mifflin Harcourt Company, Coronis Health, Grant Thornton Public Sector, and Chromalloy. The firm consistently ranks among the top-performing private equity fund managers.

About Veritas Capital

Veritas Capital is a longstanding technology investor with over $45 billion of assets under management and a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software, and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, and national security, is core to the firm. Veritas is a proud steward of national assets, improving the quality of healthcare while reducing cost, advancing our educational system, and protecting our nation and allies. For more information, visit www.veritascapital.com.

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