DJIA52475.10 97.53
S&P 5007743.98 21.38
NASDAQ26549.85 72.04
Russell 20002830.51 11.64
German DAX25697.45 90.80
FTSE 10010694.50 7.96
CAC 407886.96 -0.18
EuroStoxx 506166.55 1.90
Nikkei 22564659.47 705.28
Hang Seng23094.83 53.51
Shanghai Comp3681.47 33.17
KOSPI5937.66 -74.78
Bloomberg Comm IDX142.38 0.47
WTI Crude-fut114.06 -0.13
Brent Crude-fut101.64 -1.18
Natural Gas3.46 0.00
Gasoline-fut3.10 -0.01
Gold-fut4039.70 -24.80
Silver-fut52.74 -1.14
Platinum-fut1515.70 -26.50
Palladium-fut1003.50 -10.50
Copper-fut6.64 -0.05
Aluminum-spot2995.00 -200.00
Coffee-fut286.75 0.40
Soybeans-fut1232.25 -4.75
Wheat-fut599.50 0.00
Bitcoin79846.00 -1312.80
Ethereum USD2308.39 -47.60
Litecoin57.17 -2.16
Dogecoin0.08 0.00
EUR/USD1.1148 0.0007
USD/JPY158.16 0.43
GBP/USD1.3313 -0.0010
USD/CHF0.8308 0.0020
USD IDX102.25 0.10
US 10-Yr TR4.997 -0.048
GER 10-Yr TR3.3731 -0.009
UK 10-Yr TR5.3511 0.0152
JAP 10-Yr TR2.842 0.005
Fed Funds4 0
SOFR3.95 0.02
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Financial Advisory  + Private Equity  + RIAs & Financial Advisors  + Wealth Management  |  December 6, 2022
Veritas Capital Closes Eighth Fund, Secures $10.65B, exceeding its hard cap of $8.5B
Joe Palmisano
By: Joe Palmisano

Veritas Capital Closes Eighth Fund, Secures $10.65B

Veritas Capital closed its latest fund, Veritas Capital Fund VIII, with $10.65 billion committed capital as demand for technology investments is still strong despite the market downturn.

The fund was oversubscribed and exceeded its hard cap of $8.5 billion.

Fund VIII received commitments from a combination of new and existing investors, including institutions, endowments and foundations, family offices and pension plans.

The strategy is to drive 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 make 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.

Veritas’ recent investments include Houghton Mifflin Harcourt Company, Coronis Health, Grant Thornton Public Sector and Chromalloy.

Connect

Inside The Story

Veritas Capital

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints