Veritas raises $8bn in credit strategies

New York-based Veritas Capital announced the final close of its Veritas Capital Credit Opportunities Fund, bringing the total funds raised over the last 12 months to $8 billion. The fund closed with $400 million in aggregate committed capital. In addition, the Veritas Capital Fund VII closed with $6.5 billion and additional limited partner commitments of almost $1 billion in support of a co-investment approach bringing the firm’s total assets to over $20 billion. The Credit Opportunities Fund is the firm’s first credit fund on its integrated investment platform, which leverages Veritas’ deal flow and access to proprietary sector insights. Veritas has already completed a number of credit investments in the technology and government sectors, and the move into credit allows the firm to invest across the capital structure to provide flexible, tailored capital solutions in complex situations. “For over two decades, we have successfully invested in some of the leading, market-critical companies in technology and government across all seven of our private equity funds,” said Ramzi Musallam, CEO and managing partner of Veritas. “We launched the Credit Opportunities Fund to expand on that strategy and take advantage of additional opportunities to leverage our strong sector knowledge and experience.” The firm’s technology-focused knowledge spans healthcare, national security, software, education, aerospace and defense, government services, communications and energy industries.

Veritas raises $8bn in credit strategies

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