/Investors

Veritas Capital

Private equity

New York · Growth–Late Stage · 127 people tracked

Also known as VERITAS CAPITAL FUND MANAGEMENT, L.L.C.

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12 people in our graph share verified history with the Veritas Capital team — schools, employers, funds. One of them is your warm intro.

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Investment thesis

Veritas Capital invests at the intersection of technology and government, focusing on companies that deliver mission-critical products, services, and software to public-sector and commercial customers globally. Operating an integrated platform spanning private equity and credit, the firm seeks to create value by strategically transforming the companies it acquires, using deep sector expertise to identify and execute strategic levers across defense, healthcare, and technology-driven markets. Since 1998 it has completed more than 220 investments and manages over $50 billion across three strategies.

Source: firm website, verified Sep 27, 2026.

Stage
Growth–Late Stage
HQ
New York, US
Instruments
Equity · Debt
Founded
1998
AUM
$53.8B
Tracked investments
52

Team · 127 people

from the firm's website & public directories
Berto Mestre· Facilities Coordinator

Facilities Coordinator, previously a Facilities Coordinator at Benefit Street Partners.

Brooke Dinsmore· Executive Assistant

Executive Assistant, previously a Personal Assistant to a private family. Holds a B.S. from USC.

Jocelyn Romero· Facilities Associate

Facilities Associate, previously an office assistant at an employment agency.

Sharon Brown· Executive Assistant

Executive Assistant, previously at Wasserstein Perella & Co. and J. Walter Thompson.

Hugh D. Evans· Executive Officer

What they invest in

from 21 of 52 portfolio companies

Defense Tech ×9AI & Machine Learning ×8Enterprise Software ×8SaaS ×6GovTech ×5Hardware ×5Healthtech ×5Deep Tech ×4

HQs:United States×15Canada×1United Kingdom×1

Investments · 52 tracked

founders shown can be your intro path

By year:2017 · 12015 · 12014 · 13 dated

Cambium Learning Groupcambiumlearning.comin𝕏✓ verified

Cambium Learning Group operates subsidiary companies focused on education and the advancement of teachers and students.

EdTech

John Campbell(CEO)inAshley Andersen Zantop(CEO)in

Woodmacwoodmac.comin𝕏✓ verified

Wood Mackenzie provides data, analytics, and insights to the energy, chemicals, metals & mining, and power & renewables industries.

Climate TechData & InfrastructureEnergyNew MaterialsEdinburgh, GB

Jason Liu(Chief Executive Officer)inGaret Guthrie(Executive Vice President, Chief Financial Officer)Danny Dunn(Chief Commercial Officer)Eilish Henson(Executive Vice President, Head of Human Resources)inSimon Flowers(Chairman, Chief Analyst)inValerie Purvis(Executive Vice President, Head of Commodities)in

Co-investorsCharterhouse Capital PartnersHellman & Friedman

Abaco Systemsabaco.comin

Abaco designs and manufactures ruggedized computing systems, boards, and networking equipment for defense, aerospace, and industrial applications.

Deep TechDefense TechHardwareHuntsville, US

Co-investorsBooz Allen Ventures

Anthologyanthology.com

Data-driven software solutions enabling higher education institutions to manage the entire student lifecycle.

Co-investorsLeedsMenlo Ventures

Aptimaptim.comin𝕏

APTIM provides integrated resilience and infrastructure solutions including emergency management, infrastructure management, specialized engineering, and oil and gas facility services to government, commercial, industrial, and energy customers.

CleantechClimate TechDefense TechEnergyGovTechImpact & Social GoodBaton Rouge, US

Mark Fallon(Chairman and Chief Executive Officer)in

Arcfieldarcfield.comin𝕏

Arcfield provides mission-critical defense and space engineering services, cybersecurity solutions, and intelligence operations support to U.S. government and allied agencies.

AI & Machine LearningCybersecurityDeep TechDefense TechSpace Tech

Kevin Kellyin

BGISbgis.comin𝕏

BGIS is a globally integrated facilities management company that delivers real estate and building services solutions to optimize client assets and support organizational operations.

Cloud ComputingConstruction TechEnergyEnterprise SoftwarePropTech

Gordon Hicks C.M.in

Co-investorsCcmpAlberta Investment Management

Candescentcandescent.comin

Candescent provides a unified digital banking platform that banks and credit unions use to deliver intelligent, data-driven experiences across consumer banking, business banking, account opening, and assisted support channels.

AI & Machine LearningEnterprise SoftwareFintechSaaS

Chromalloychromalloy.com

Chromalloy provides FAA-approved replacement parts and repair solutions for turbine engines used in aviation, energy, and military applications.

Advanced ManufacturingDeep TechDefense TechEnergyHardwarePalm Beach Gardens, US

Chris Celtruda(President & Chief Executive Officer)in

Coronis Healthcoronishealth.comin

Coronis Health provides outsourced revenue cycle management (RCM), medical coding, and billing services for healthcare organizations including community health centers, health systems, hospitals, and physician groups across the US.

Digital HealthHealthtechSaaS

Co-investorsMultiplier CapitalPlexus Capital

Cotiviticotiviti.cominJul 2017

Cotiviti provides healthcare analytics and payment accuracy services aimed at improving financial performance, reducing inefficiency, and enhancing healthcare quality.

AI & Machine LearningData & InfrastructureDigital HealthHealthtechSaaSAtlanta, US

David Beaulieu(Executive Officer)inSteve Senneff(Executive Officer)inJonathan Olefson(Executive Officer)J. Douglas William(Executive Officer, Director)Kenneth R. Goulet(Director)James E. Parisi(Director)

Cubiccubic.comin

Cubic provides transit technologies for public transportation agencies, including tap-and-go fare payment systems and intelligent transport management systems.

GovTechHardwareMobility & Transportation

Co-investorsIreland Strategic Investment FundQualcomm

Epiq Solutionsepiqsolutions.comin

Epiq Solutions designs and manufactures software-defined radio (SDR) hardware and platforms for defense applications, including low size-weight-power radio architectures for signal intelligence, electronic warfare, and communications tasks across airborne, naval, ground, and space platforms.

AI & Machine LearningDeep TechDefense TechHardware

Michael Shogren(Founder)in

FinalSitefinalsite.comin𝕏

Finalsite provides website, communications, and enrollment management tools designed for schools to attract students, engage families, and strengthen community relationships.

EdTechEnterprise SoftwareMarketing TechSaaS

Co-investorsSpectrum Equity

Frontgrade Technologiesfrontgrade.comin𝕏

Frontgrade designs and manufactures mission-critical electronics for defense and space applications, including RF systems, microelectronics, and motion control components.

Defense TechHardwareSemiconductorsSpace Tech

Mitch Stevison(President & Chief Executive Officer)inJoel Falcone(President, Integrated Solutions)inDavid Meyouhas(President, Microelectronics)inLorne Graves(Chief Technology Officer)inAndrew Matsuyama(Chief Financial Officer)Jack Kilian(Chief Growth Officer)in

Gainwellgainwelltechnologies.comin𝕏

Gainwell Technologies provides a claims, encounters, and financials platform designed to help state Medicaid programs modernize their operations while reducing costs and improving accuracy.

AI & Machine LearningDigital HealthEnterprise SoftwareGovTechHealthtech

Global Healthcare Exchange, LLCghx.comin𝕏

GHX operates a cloud-based supply chain network connecting healthcare providers, suppliers, and distributors to optimize procurement and clinical outcomes.

Data & InfrastructureEnterprise SoftwareHealthtechSaaS

Tina Vatanka Murphy(President and CEO)in

Co-investorsGolub GrowthWarburg Pincus

HMHhmhco.comin

HMH is an adaptive learning company that builds integrated K–12 education solutions—covering core curriculum, supplemental, intervention, assessment, and professional learning—delivered on a single platform.

AI & Machine LearningEdTechSaaS

Jack Lynch(CEO)inGreg Daniel(Chief Marketing Officer)in

Co-investorsLumos Capital GroupMoonshots Capital

Metrostarmetrostar.comin𝕏

MetroStar develops AI-enabled products and solutions for the federal government, combining experienced practitioners with advanced AI to support decision-making, system modernization, and mission-critical operations.

AI & Machine LearningCybersecurityDefense TechDeveloper ToolsEnterprise SoftwareGovTechReston, VA & Bloomington, IN, US

Robert Santos(Founder)in

Peratonperaton.comin𝕏

Peraton provides national security and defense solutions for government missions.

AI & Machine LearningDefense TechEnterprise SoftwareGovTech

StandardAerostandardaero.comin𝕏

StandardAero provides mobile service team support for aircraft engine and auxiliary power unit maintenance, repair, and overhaul services across multiple locations globally.

Advanced ManufacturingDefense TechLogistics & Supply ChainMobility & TransportationScottsdale, US

Co-investorsGIC

Syneos Healthsyneoshealth.comin

Syneos Health is a fully integrated biopharmaceutical solutions organization that provides clinical, medical affairs, and commercial services to help pharmaceutical companies accelerate market access and patient outcomes.

BiotechEnterprise SoftwareHealthtech

Costa Panagos(Chief Executive Officer)inColin Shannon(Executive Chairman)in

Co-investorsBCIPatient Square Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AeroflexAlion Science & TechnologyAlion Science and Technology CorporationAnarenAPI HealthcareAthena Innovative SolutionsBaltimore Marine IndustriesBeyondTrustBeyondTrust SoftwareCPI InternationalDynCorp InternationalEEC-CEC Holding LLCExcelitas TechnologiesGlobal Tel*LinkGuidehouseIntegrated Defense TechnologiesKeyPoint Government SolutionsMcNeil TechnologiesNavigant ConsultingonSolvePerspectaSalient CrgtSolAero TechnologiesTRAK CommunicationsTruven Health AnalyticsVangentVencoreVertex AerospaceWornick Company

Portfolio news

latest coverage across their companies

Fund performance · per public LP disclosures · 15

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
The Veritas Capital Fund IX, L.P.LPs: California Public Employees' Retirement System, Empire State Development – New York Ventures2024——0.00x0.00x
Veritas Capital Fund IXLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System2024——0.12x0.00x
Veritas IXLPs: Teachers' Retirement System of Oklahoma2023——0.12x0.00x
The Veritas Capital Fund VIII, L.P.LPs: California Public Employees' Retirement System, Michigan Municipal Employees' Retirement System, Los Angeles County Employees Retirement Association2022—9.7%1.21x0.00x
Veritas Capital Fund VIIILPs: Oregon Public Employees Retirement System, Pennsylvania Public School Employees' Retirement System, San Diego City Employees' Retirement System2022—10.8%1.23x0.03x
Veritas VIIILPs: Teachers' Retirement System of Oklahoma2022—10.8%1.24x0.00x
VERITAS CAPITAL FUND VII LPLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, San Diego City Employees' Retirement System +1 more2020—7.9%1.37x0.01x
Veritas Capital Fund VILPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Public Employee Retirement System of Idaho +2 more2017—35.0%2.87x2.35x
Veritas VILPs: Teachers' Retirement System of Oklahoma2017—35.2%2.84x2.28x
Veritas Capital Fund VLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System, Hawaii Employees' Retirement System +1 more2015—17.2%2.55x2.08x
Veritas VLPs: Teachers' Retirement System of Oklahoma2015—17.2%2.56x2.08x
Veritas Capital Fund IVLPs: Oregon Public Employees Retirement System, Public Employee Retirement System of Idaho2010—18.8%2.46x2.46x
Veritas IVLPs: San Diego City Employees' Retirement System2009—18.8%2.39x2.39x
Veritas Capital Fund, L.P.LPs: Connecticut Retirement Plans and Trust Funds1997—26.9%2.60x2.60x
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——8.0%1.22x0.00x

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

How many investments has Veritas Capital made?
Veritas Capital has 52 tracked investments.
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, Energy, Enterprise Software, Fintech, GovTech, Healthtech, SaaS.
Where is Veritas Capital located?
Veritas Capital is headquartered in New York, US.
Who does Veritas Capital co-invest with?
Veritas Capital most often shares deals with BCI, Francisco Partners, Aspect Ventures, among 26 tracked co-investors.

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