Veritas Capital
Private equityNew York · Growth–Late Stage · 2 people tracked
Also known as VERITAS CAPITAL FUND MANAGEMENT, L.L.C.
Find your way into Veritas Capital
13 people in our graph share verified history with the Veritas Capital team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Veritas Capital invests at the intersection of technology and government, targeting companies that deliver critical technology or technology-enabled products, services, and software to government and commercial customers. The firm concentrates on industries supported by a government-related customer base or shaped by government regulation and policy, believing these sectors are resilient across macroeconomic cycles, geopolitical events, and political administrations. Its target markets are large and complex, spanning aerospace and defense/national security, healthcare, education, infrastructure, energy, and financial technology. Veritas emphasizes focused expertise and deep understanding of government-influenced markets and regulatory environments to identify and develop key trends and act as a nimble, flexible partner.
Source: firm website, verified Sep 1, 2026.
Team · 2 people
from public directoriesWhat they invest in
from 20 of 46 portfolio companiesDefense Tech ×9AI & Machine Learning ×8Enterprise Software ×7SaaS ×6GovTech ×5Hardware ×5Healthtech ×5Deep Tech ×4
HQs:United States×14United Kingdom×1
Investments · 46 tracked
founders shown can be your intro pathBy year:2017 · 12015 · 12 dated
Cambium Learning Group operates subsidiary companies focused on education and the advancement of teachers and students.
EdTech
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 Partners
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
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
Co-investorsFrancisco Partners
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
National security training, analytics, operations, planning and investigative support
Cloud-based healthcare platform for clinical workflows
Bob Segertin
Co-investorsAspect VenturesBain Capital Double Impact Fund LPBain Capital Tech OpportunitiesBCICardinal PartnersDraper Associates+6 more
Cyber security threat management software to reduce IT security risks and simplify compliance reporting.
Co-investorsFrancisco PartnersInsight Partners
Cyber security threat management software to reduce IT security risks and simplify compliance reporting
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
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 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
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)
Components and subsystems for generation, amplification, transmission and reception of microwave signals
Specialized mission-critical outsourced technical services for businesses and government agencies
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
Global optoelectronics provider to military and defense customers and commercial OEMs
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 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
Technology solutions for the administration and operation of health and human services in the US
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
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
Management, technology, and risk consulting services to public and commercial markets
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
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
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
Chicago, US
Julie M. Howard(Executive Officer, Director)Monica W. Weed(Executive Officer)inLee A. Spirer(Executive Officer)Thomas Nardi(Executive Officer)
BoardStephen James(Director)Cynthia A. Glassman(Director)
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
Co-investorsFrontenac
Solar cells, solar panels and composite structures for satellites and aerospace applications
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
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
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
Portfolio news
latest coverage across their companiesSyneos Health · ad-hoc-news.de · Sep 5, 2026
HMH · uk.investing.com · Aug 12, 2026
Fund performance · per public LP disclosures · 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 – New York Ventures | 2024 | — | — | 0.00x | 0.00x |
| Veritas Capital Fund IXLPs: Oregon Public Employees Retirement System, Michigan Municipal Employees' Retirement System | 2024 | — | — | 0.12x | 0.00x |
| Veritas IXLPs: Teachers' Retirement System of Oklahoma | 2023 | — | — | 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 | — | 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 | — | 10.8% | 1.23x | 0.03x |
| Veritas VIIILPs: Teachers' Retirement System of Oklahoma | 2022 | — | 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 | — | 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 | — | 35.0% | 2.87x | 2.35x |
| Veritas VILPs: Teachers' Retirement System of Oklahoma | 2017 | — | 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 | — | 17.2% | 2.55x | 2.08x |
| Veritas VLPs: Teachers' Retirement System of Oklahoma | 2015 | — | 17.2% | 2.56x | 2.08x |
| Veritas Capital Fund IVLPs: Oregon Public Employees Retirement System, Public Employee Retirement System of Idaho | 2010 | — | 18.8% | 2.46x | 2.46x |
| Veritas IVLPs: San Diego City Employees' Retirement System | 2009 | — | 18.8% | 2.39x | 2.39x |
| Veritas Capital Fund, L.P.LPs: Connecticut Retirement Plans and Trust Funds | 1997 | — | 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 | — | — | 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
- How many investments has Veritas Capital made?
- Veritas Capital has 45 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, Enterprise Software, 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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