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.
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