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.