Veritas Capital
Private equityNew York Β· GrowthβLate Stage
Investment thesis
Veritas Capital pursues a concentrated portfolio strategy, emphasizing enhanced focus on execution and value creation. Its investments center on companies delivering technology, engineering, and mission-critical services to government and commercial customers across defense, aerospace, national security, healthcare technology and analytics, education technology, and IT/consulting services.
Source: firm website, verified Aug 7, 2026.
What they invest in
from 3 of 50 portfolio companiesBiotech Γ1Data & Infrastructure Γ1EdTech Γ1Enterprise Software Γ1Healthtech Γ1SaaS Γ1
Investments Β· 50 tracked
founders shown can be your intro pathHigh-performance computing systems for aerospace, defense and industrial use in harsh environments
Radio frequency and microwave integrated circuits, components and systems for aerospace, defense and communications
Advanced engineering, IT, naval architecture and operational solutions for government and commercial customers
Radio frequency components, assemblies and subsystems for aerospace, defense, wireless, medical and industrial markets
Healthcare-specific workforce management software for health systems
National security training, analytics, operations, planning and investigative support
Cloud-based healthcare platform for clinical workflows
Cyber security threat management software to reduce IT security risks and simplify compliance reporting.
Cyber security threat management software to reduce IT security risks and simplify compliance reporting
Digital education solutions to school districts, educators, students and parents
Scaled revenue cycle management platform providing end-to-end technology-enabled solutions to US healthcare providers
Components and subsystems for generation, amplification, transmission and reception of microwave signals
Specialized mission-critical outsourced technical services for businesses and government agencies
Provider of small form factor, SWaP-C optimized software defined radio and turnkey RF solutions
Global optoelectronics provider to military and defense customers and commercial OEMs
Independent supplier of high-reliability electronic solutions for space, defense, healthcare and industrial applications
Technology solutions for the administration and operation of health and human services in the US
Supply chain software connecting healthcare providers and suppliers
GHX operates a cloud-based supply chain network connecting healthcare providers, suppliers, and distributors to optimize procurement and clinical outcomes.
Data & InfrastructureEnterprise SoftwareHealthtechSaaS<UNKNOWN>
Tina Vatanka Murphy(President and CEO)
Management, technology, and risk consulting services to public and commercial markets
Advanced electronics and technology products for defense and intelligence applications
Security-clearance background investigations, employment screenings, and related services for government agencies
Mission-critical language, translation, intelligence, security and related services for US government agencies
SaaS-based platform helping organizations mitigate risk and strengthen resilience
Cyber, data analytics, cloud computing, enterprise IT, systems engineering and background investigation capabilities
Agile application development, big data analytics, cyber security and related solutions for US government agencies
Solar cells, solar panels and composite structures for satellites and aerospace applications
Aircraft engine and airframe MRO services for general aviation, airline, military, helicopter and energy customers
Syneos Health is a contract research and commercialization services company that supports biopharmaceutical companies in drug development, regulatory affairs, and market launch across therapeutic areas.
Biotech<UNKNOWN>
Microwave components and subsystems used in airborne radars, electronic warfare, surveillance and wireless communication
Healthcare data and analytics for governments, employers, health plans, hospitals, clinicians, and pharma companies
Data analytics, system engineering & integration, and cyber security for government and commercial customers
Aviation-related support services for the US military and various US government agencies
Fund performance Β· per public LP disclosures Β· 15
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| The Veritas Capital Fund IX, L.P.LPs: California Public Employees' Retirement System, Empire State Development β New York Ventures | 2024 | β | β | 0.00x | 0.00x |
| Veritas Capital Fund IXLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System | 2024 | β | β | 0.12x | 0.00x |
| Veritas IXLPs: Teachers' Retirement System of Oklahoma | 2023 | β | β | 0.12x | 0.00x |
| The Veritas Capital Fund VIII, L.P.LPs: California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System, Los Angeles County Employees Retirement Association | 2022 | β | 9.7% | 1.21x | 0.00x |
| Veritas Capital Fund VIIILPs: Oregon Public Employees Retirement System, Pennsylvania Public School Employees' Retirement System, San Diego City Employees' Retirement System | 2022 | β | 10.8% | 1.23x | 0.03x |
| Veritas VIIILPs: Teachers' Retirement System of Oklahoma | 2022 | β | 10.8% | 1.24x | 0.00x |
| VERITAS CAPITAL FUND VII LPLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, San Diego City Employees' Retirement System +1 more | 2020 | β | 7.9% | 1.37x | 0.01x |
| Veritas Capital Fund VILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Public Employee Retirement System of Idaho +2 more | 2017 | β | 35.0% | 2.87x | 2.35x |
| Veritas VILPs: Teachers' Retirement System of Oklahoma | 2017 | β | 35.2% | 2.84x | 2.28x |
| Veritas Capital Fund VLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Hawaii Employees' Retirement System +1 more | 2015 | β | 17.2% | 2.55x | 2.08x |
| Veritas VLPs: Teachers' Retirement System of Oklahoma | 2015 | β | 17.2% | 2.56x | 2.08x |
| Veritas Capital Fund IVLPs: Oregon Public Employees Retirement System, Public Employee Retirement System of Idaho | 2010 | β | 18.8% | 2.46x | 2.46x |
| Veritas IVLPs: San Diego City Employees' Retirement System | 2009 | β | 18.8% | 2.39x | 2.39x |
| Veritas Capital Fund, L.P.LPs: Connecticut Retirement Plans and Trust Funds | 1997 | β | 26.9% | 2.60x | 2.60x |
| The Veritas Capital Vantage Fund, L.P.LPs: Los Angeles County Employees Retirement Association, Michigan Municipal Employees' Retirement System, San Diego City Employees' Retirement System | β | β | 8.0% | 1.22x | 0.00x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Veritas Capital invest at?
- Veritas Capital invests at the Growth, Late Stage stages.
- What sectors does Veritas Capital focus on?
- Veritas Capital focuses on AI & Machine Learning, Cybersecurity, Defense Tech, EdTech, Enterprise Software, GovTech, Healthtech, SaaS.
- Where is Veritas Capital located?
- Veritas Capital is headquartered in New York, US.
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