Veritas Closes US$14.4 Bln Fund IX, Capping Strong Demand Amid Tough Market

KUALA LUMPUR, Sept 11 (Bernama) -- Veritas Capital (Veritas), an investor at the intersection of technology and government, has announced the final close of The Veritas Capital Fund IX (Fund IX) with US$14.4 billion in aggregate capital commitments. (US$1=RM4.20)

Fund IX was significantly oversubscribed, with demand exceeding the hard cap and surpassing the initial target of US$13 billion, and the fundraise represents a 35 per cent increase over Fund VIII, which closed at US$10.7 billion in 2022.

Veritas Chief Executive Officer and Managing Partner, Ramzi Musallam said Fund IX represents an important step forward, and its strong demand is a clear endorsement of the company’s strategy and platform.

“As technology increasingly defines the future of national security, advances healthcare delivery, and drives the broader economy, this fund empowers us to expand our impact, seize new opportunities, and continue fuelling innovation where it matters most,” he said.

With the close of Fund IX, Veritas in a statement said it currently manages more than US$54 billion in assets across its strategies, strengthening its position as a leading investor focused on technology.

Fund IX advances Veritas’s focus on essential, resilient businesses in highly regulated markets undergoing profound transformation, in which these sectors are experiencing secular growth as software, data, and artificial intelligence reshape how societies operate.

Built on domain depth, proprietary intellectual property, and a repeatable strategic playbook, the company’s platform is designed to drive value in complex markets of global importance.

Veritas’s leadership and results have earned consistent recognition, including a Top 10 worldwide ranking by HEC Paris–Dow Jones for three consecutive years and being named America’s top-performing buyout firm by Preqin in 2023.

-- BERNAMA