Veritas Capital
Private equityNew York · Growth–Late Stage · 127 people tracked
Also known as VERITAS CAPITAL FUND MANAGEMENT, L.L.C.
Find your way into Veritas Capital
12 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, 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.
Team · 127 people
from the firm's website & public directoriesWhat they invest in
from 21 of 52 portfolio companiesDefense 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 pathBy year:2017 · 12015 · 12014 · 13 dated
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
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 designs and manufactures ruggedized computing systems, boards, and networking equipment for defense, aerospace, and industrial applications.
Deep TechDefense TechHardwareHuntsville, US
Co-investorsBooz Allen Ventures
Data-driven software solutions enabling higher education institutions to manage the entire student lifecycle.
Co-investorsLeedsMenlo Ventures
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
Cloud-based healthcare platform for clinical workflows
Co-investorsAspect VenturesBain Capital Double Impact Fund LPBain Capital Tech OpportunitiesBCICardinal PartnersDraper Associates+6 more
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
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)
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 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
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
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
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
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
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 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 companiesCoronis Health · coronishealth.com · May 27, 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 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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