Key Takeaways
- • Veritas Capital announced $15.3 billion in total capital raised across The Veritas Capital Fund IX and related investment vehicles, according to a Business Wire release dated February 17, 2026.
- • Fund IX is 40% larger than Fund VIII, which was itself 68% larger than Fund VII, per the firm's announcement.
- • The close came during a pronounced slowdown in private equity fundraising, with many firms facing extended timelines and reduced allocations.
- • Veritas deployed capital through its Flagship strategy (GHX acquisition, with significant co-investment from global institutional partners) and its Vantage strategy (MetroStar acquisition).
- • Veritas manages over $54 billion in assets under management as of September 30, 2025, and has ranked among the top ten private equity firms globally in the HEC-Dow Jones Large Buyout Performance Ranking for four consecutive years.
Summary
Veritas Capital, a technology-focused investor, announced that it has raised $15.3 billion in total capital across The Veritas Capital Fund IX ("Fund IX") and related vehicles, according to a Business Wire release. The close was announced amid what the firm describes as a pronounced slowdown in private equity fundraising, in which many managers face extended timelines and reduced allocations. Fund IX is 40% larger than its predecessor Fund VIII, which was itself 68% larger than Fund VII.
Veritas invests in companies delivering essential software, data, and technology-enabled services across aerospace and defense, national security, healthcare, education, infrastructure, energy, and financial technology. The firm says these sectors are driven by regulation, public policy, and innovation priorities rather than short-term economic cycles.
Since closing Fund IX, Veritas has continued deploying across its Flagship and Vantage strategies. Through Flagship, the firm recently announced the acquisition of GHX, expanding its presence in healthcare supply chain software and data-driven solutions, with significant co-investment from global institutional partners. Through Vantage, which targets the large, fragmented middle market, Veritas acquired MetroStar, an AI-enabled digital transformation provider serving U.S. defense and national security agencies.
The release also notes that Veritas-backed Peraton was awarded a multi-billion-dollar contract supporting a White House-led initiative to modernize the U.S. Federal Aviation Administration's air traffic control systems.
CEO and Managing Partner Ramzi Musallam said that "in a constrained fundraising market, investors are allocating capital selectively," and that the raise reflects investors' conviction in the firm's ability to outperform. The firm also cites its ranking among the top ten private equity firms globally in the HEC-Dow Jones Large Buyout Performance Ranking for four consecutive years, one of only three among more than 695 firms measured. Musallam was named a Wash100 Award recipient for the eleventh consecutive year.
Veritas invests in companies delivering essential software, data, and technology-enabled services across aerospace and defense, national security, healthcare, education, infrastructure, energy, and financial technology. The firm says these sectors are driven by regulation, public policy, and innovation priorities rather than short-term economic cycles.
Since closing Fund IX, Veritas has continued deploying across its Flagship and Vantage strategies. Through Flagship, the firm recently announced the acquisition of GHX, expanding its presence in healthcare supply chain software and data-driven solutions, with significant co-investment from global institutional partners. Through Vantage, which targets the large, fragmented middle market, Veritas acquired MetroStar, an AI-enabled digital transformation provider serving U.S. defense and national security agencies.
The release also notes that Veritas-backed Peraton was awarded a multi-billion-dollar contract supporting a White House-led initiative to modernize the U.S. Federal Aviation Administration's air traffic control systems.
CEO and Managing Partner Ramzi Musallam said that "in a constrained fundraising market, investors are allocating capital selectively," and that the raise reflects investors' conviction in the firm's ability to outperform. The firm also cites its ranking among the top ten private equity firms globally in the HEC-Dow Jones Large Buyout Performance Ranking for four consecutive years, one of only three among more than 695 firms measured. Musallam was named a Wash100 Award recipient for the eleventh consecutive year.
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