Veritas Capital said to hit fundraising market again for $1.25bn mid-market vehicle

274

Tech-focused Veritas Capital is reportedly back fundraising with a new mid-market investment vehicle, three months after hitting a $400m final close for its debut credit vehicle.

Veritas is eyeing $1.25bn for the mid-market fund according to the Wall Street Journal, which cited unnamed people it said were familiar with the matter.

The move marks a further expansion of Veritas’ strategy in addition to its core private equity operations.

Veritas hit a $6.5bn final close for its most recent flagship buyout vehicle, Fund VII, two years ago, well above its $5bn target.

The investment firm backs technology and technology-enabled solutions within the healthcare, national security, software, education, aerospace & defence, government services, communications, and energy industries.

Recent notable deals done by the firm include buying the healthcare unit of IT and consulting business DXC Technology for $5bn.

Copyright © 2021 AltAssets

Get the latest PE News & Research delivered to your inbox every morning