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Veritas Capital
Veritas Capital is a longstanding and leading technology investor with $50B+ AUM across private equity and credit platforms. For over 25 years, it has...
Veritas Capital
Veritas Capital is a longstanding and leading technology investor with $50B+ AUM across private equity and credit platforms. For over 25 years, it has exclusively invested in companies that provide critical products, services, and software, primarily technology or technology-enabled solutions, to government and commercial customers worldwide. It invests at the intersection of technology and government and specializes in industries supported by a government-related customer base or impacted by government regulation or policy.
General information
Firm type
Private Equity
Year founded
1992
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Ramzi Musallam
Chief Executive Officer and Managing Partner
Sector focus
Frequently asked questions
What makes Veritas different from other technology private equity firms?
Veritas invests exclusively in companies with significant government revenue—the firm's portfolio businesses sell primarily to defense, intelligence, and civilian agencies, not the commercial sector. This focus produces a regulatory moat: portfolio companies hold security clearances, operate classified facilities, and face CFIUS scrutiny on any exit. Generalist technology funds rarely have the clearance infrastructure or government-relationship networks to compete for these assets on equal terms.
How large is Veritas Capital's latest fund?
Veritas Capital Fund VIII closed at $10.65 billion in 2022, exceeding its initial $8.5 billion target, according to a Bloomberg report at the time. This was the largest fund in the firm's 30-year history and roughly 50% larger than the $6.5 billion Fund VII raised in 2019. The firm does not publicly disclose total AUM, and no corroborating figure is available from the firm's own communications.
Does Veritas invest outside the United States?
The firm's investment focus is almost entirely US-centric because its portfolio companies' primary customer is the US government. Veritas has occasionally held assets with international subsidiaries that serve allied governments, but the core thesis requires proximity to US defense, intelligence, and healthcare agencies. The firm has no offices outside New York and does not market funds to non-US limited partners as a strategic priority.
What sectors does Veritas Capital explicitly avoid?
Veritas avoids any business without a visible government revenue stream. The firm does not invest in consumer internet, enterprise SaaS without public-sector relevance, fintech serving purely commercial banking, or any company where classified contract work cannot provide competitive insulation. This negative screening means Veritas competes on a much narrower deal field than generalist technology or healthcare funds.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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