DFX Intelligence
Private Equity Intelligence
Firms, funds, people, portfolio companies and transactions from sworn filings and cited announcements, kept as a graph with a date and a source on every edge. Reported gross assets are never fund size, regulatory AUM is never dry powder, and a deal value prints only when someone disclosed it.
Firms / Veritas Capital Fund Management, L.L.C.
Veritas Capital Fund Management, L.L.C.
Veritas Capital invests in companies that provide critical products, services, and software to government and commercial customers worldwide.
Classification
- Class
- Buyout firmconfirmed, confidence 85%
- Basis
- R6: 39 of 41 distinct vehicles are sworn Private Equity Funds; 29 reported gross assets on a filing in 2022 or later
- Size band
- Large capdefined by: proxy: $38.25bn Private Equity Fund GAV on the Form ADV filed 2024-03-28
Classification history (1)
- Sep 13, 2026Buyout firm (confirmed, 85%, cls-pe-1)R6: 39 of 41 distinct vehicles are sworn Private Equity Funds; 29 reported gross assets on a filing in 2022 or later
Regulatory footprint (Form ADV)
- Adviser type
- registered investment adviser
- Form ADV filings
- Feb 13, 2012 to Mar 28, 2024
- RAUM
- $40Bregulatory assets under management of the adviser; not dry powder, not a fund size
- PE funds, latest filing
- 28
- PE fund GAV, latest filing
- $38Breported gross assets (Form ADV), not fund size
- All private fund GAV
- $40Bevery private fund type, latest filing
- 2024 PE fund GAV
- $38Bsum over funds typed Private Equity Fund with a 2024 or later as-of date
- PE share of funds, lifetime
- 95%
- Fund type mix
- filed 2024-03-28, latest gav Hedge Fund $1.6B, Private Equity Fund $38B, latest counts Hedge Fund 2, Private Equity Fund 28, lifetime distinct Hedge Fund 2, Private Equity Fund 39
- Employees
- 128
- Headquarters
- New York, NY
- Office address
- 9 WEST 57TH STREET, 32ND FLOOR, New York, NY, 10019
- Business phone
- 212-415-6700
Stated criteria beside observed behaviour
52 observed deals
Stated by the firm
- Sectors
- technology
- Geography
- not stated or not yet read
- Revenue
- not stated or not yet read
- EBITDA
- not stated or not yet read
- Enterprise value
- not stated or not yet read
- Equity check
- not stated or not yet read
- Control
- not stated or not yet read
- Thesis
- We specialize in industries and sectors supported by a government-related customer base or impacted by government regulation or policy.
Observed from deals on record
- roles
- unknown 47, platform 5
- period
- to 2026-08-06, from 2025-11-13, undated holdings 47, dated observations 10
- window
- last 2026-08-06, first 2025-11-13
- control
- control 5, unknown 47
- companies
- 52
- geography
- investments
- 52
- seller kinds
- unknown 1, corporate parent 1
- transactions
- 5
- cadence by year
- 2025 platforms 1, 2026 platforms 3, other deals 1
- platform add on
- add ons 0, platforms 5, add ons per platform 0
- sector known for
- 9
- disclosed value usd
- n 0
- sector distribution
- count 2, share 0.038, value software, examples Global Healthcare Exchange, BeyondTrust Software, count 2, share 0.038, value education, examples DynCorp International, Finalsite, count 2, share 0.038, value business services, examples Company Trinity Consultants, BGIS, count 1, share 0.019, value industrial services, examples Saber Power Services, LLC, count 1, share 0.019, value aerospace defense, examples Vertex Aerospace, count 1, share 0.019, value government defense, examples MetroStar Systems, LLC
- holding period years
- n 0
- repeat counterparties
- role legal adviser, shared 3, entity id bd2a5dfb-7e26-4b3f-928e-fdb1e6bd995c, role legal adviser, shared 2, entity id a4c8f9dc-f5c0-44a6-8477-21e5f1338f16
- subsector distribution
- count 2, share 0.038, value software, examples Global Healthcare Exchange, BeyondTrust Software, count 2, share 0.038, value education, examples DynCorp International, Finalsite, count 1, share 0.019, value electrical contracting, examples Saber Power Services, LLC, count 1, share 0.019, value aerospace defense, examples Vertex Aerospace, count 1, share 0.019, value defense analytics and engineering, examples MetroStar Systems, LLC, count 1, share 0.019, value engineering services, examples Company Trinity Consultants, count 1, share 0.019, value facilities support, examples BGIS
52 companies on the graph (5 transactions); most in software (2); 5 platforms and 0 add-ons; observed 2025 to 2026
Funds
40 on record
| Fund | Vehicle | Vintage | Reported gross assets (Form ADV), not fund size | GAV by year | Form D sold | Lifecycle |
|---|---|---|---|---|---|---|
| Cihmh Holdings II L.P. ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $605M as of Mar 28, 2024 | no Form D | Unknown | |
| Planet Co-Investor Holdings, L.P. ADV: Private Equity Fund | Co-investment vehicle | 2024 first reported on Form ADV | $300M as of Mar 28, 2024 | no Form D | Unknown | |
| Veritas Star Co-Investor Holdings L.P. ADV: Private Equity Fund | Co-investment vehicle | 2024 first reported on Form ADV | $150M as of Mar 28, 2024 | no Form D | Unknown | |
| Peraton 2l Holdings L.P. ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $28.6M as of Mar 28, 2024 | no Form D | Unknown | |
| Abercrombie 2l Holdings L.P. ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $23.3M as of Mar 28, 2024 | no Form D | Unknown | |
| HMH 2l Holdings L.P. ADV: Private Equity Fund | buyout or unlabelled | 2024 first reported on Form ADV | $19.0M as of Mar 28, 2024 | no Form D | Unknown | |
| Astra 2l Holdings II LLC ADV: Private Equity Fund | Feeder or parallel | 2024 first reported on Form ADV | $13.1M as of Mar 28, 2024 | no Form D | Unknown | |
| Astra 2l Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2024 first reported on Form ADV | $7.9M as of Mar 28, 2024 | no Form D | Unknown | |
| Cambium 2l Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2024 first reported on Form ADV | $6.4M as of Mar 28, 2024 | no Form D | Unknown | |
| Guidehouse 2l Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2024 first reported on Form ADV | $1.5M as of Mar 28, 2024 | no Form D | Unknown | |
| The Veritas Capital Fund Viii, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $11B as of Mar 28, 2024 | no Form D | Early deployment | |
| Cihmh Holdings, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $456M as of Mar 28, 2024 | no Form D | Early deployment | |
| Redwood Lane Capital, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $347M as of Mar 28, 2024 | no Form D | Unknown | |
| Abercrombie Co-Investor Holdings, L.P. ADV: Private Equity Fund | Co-investment vehicle | 2023 first reported on Form ADV | $123M as of Mar 28, 2024 | no Form D | Early deployment | |
| Ciabb Holdings, LLC ADV: Private Equity Fund | buyout or unlabelled | 2023 first reported on Form ADV | $63.5M as of Mar 28, 2024 | no Form D | Unknown | |
| Cips Holdings II L.P. ADV: Private Equity Fund | buyout or unlabelled | 2022 first reported on Form ADV | $2.0B as of Mar 28, 2024 | no Form D | Unknown | |
| The Veritas Capital Vantage Fund, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2022 first reported on Form ADV | $1.9B as of Mar 28, 2024 | no Form D | Early deployment | |
| Cips Holding IV, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2022 first reported on Form ADV | $506M as of Mar 28, 2024 | no Form D | Unknown | |
| Cimi Holdings, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2021 first reported on Form ADV | $1.9B as of Mar 28, 2024 | no Form D | Unknown | |
| Cimi Holdings II, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2021 first reported on Form ADV | $59.0M as of Mar 28, 2024 | no Form D | Unknown | |
| The Veritas Capital Fund VII, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2020 first reported on Form ADV | $9.7B as of Mar 28, 2024 | no Form D | Mature | |
| Cips Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2020 first reported on Form ADV | $108M as of Mar 28, 2024 | no Form D | Mature | |
| Ciast Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2019 first reported on Form ADV | $307M as of Aug 12, 2021 | no Form D | Wound down | |
| Civh Holdings II LLC ADV: Private Equity Fund | Feeder or parallel | 2019 first reported on Form ADV | $268M as of Mar 28, 2024 | no Form D | Harvest | |
| Guidehouse Management Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2019 first reported on Form ADV | $839,995 as of Mar 28, 2024 | no Form D | Harvest | |
| The Veritas Capital Fund VI, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2017 first reported on Form ADV | $5.2B as of Mar 28, 2024 | no Form D | Harvest | |
| Civh Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2017 first reported on Form ADV | $329M as of Mar 28, 2024 | no Form D | Harvest | |
| Cisa Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2016 first reported on Form ADV | $1.1B as of Aug 13, 2019 | no Form D | Wound down | |
| The Veritas Capital Fund V, L.P. ADV: Private Equity Fund | buyout or unlabelled | 2015 first reported on Form ADV | $3.6B as of Mar 28, 2024 | no Form D | Harvest | |
| Cian Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2015 first reported on Form ADV | $89.6M as of Mar 28, 2018 | no Form D | Wound down | |
| Veritas V Co-Investors, L.P. ADV: Private Equity Fund | Co-investment vehicle | 2015 first reported on Form ADV | $83.3M as of Aug 12, 2021 | no Form D | Wound down | |
| Pgsi Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2013 first reported on Form ADV | $85.3M as of Aug 12, 2021 | no Form D | Wound down | |
| Ciph Holdings LLC ADV: Private Equity Fund | Feeder or parallel | 2013 first reported on Form ADV | $163,957 as of Oct 25, 2020 | no Form D | Wound down | |
| Tsio Holdings LLC ADV: Private Equity Fund | Feeder or parallel | unknown | $62.0M as of Aug 12, 2021 | no Form D | Wound down | |
| AX Holding LLC ADV: Private Equity Fund | Feeder or parallel | unknown | $59.6M as of Mar 31, 2014 | no Form D | Wound down | |
| The Veritas Capital Fund IV, L.P. ADV: Private Equity Fund | buyout or unlabelled | unknown | $36.5M as of Mar 28, 2024 | no Form D | Harvest | |
| The Veritas Capital Fund III, L.P. ADV: Private Equity Fund | buyout or unlabelled | unknown | $9.6M as of Mar 29, 2022 | no Form D | Wound down | |
| The Veritas Capital Fund II, L.P. ADV: Private Equity Fund | buyout or unlabelled | unknown | $417,501 as of Mar 28, 2013 | no Form D | Wound down | |
| Cicpi Holdings LLC ADV: Private Equity Fund | Feeder or parallel | unknown | $99,260 as of Aug 13, 2019 | no Form D | Wound down | |
| Veritas Fund IX | buyout or unlabelled | unknown | unknown | no reporting | no Form D | Unknown |
Team
11 current, 5 former
Managing partner (6)
- Hugh David Evans · a Managing Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Hugh David Evans · Managing Partner · since Dec 1, 2014 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Hugh David Evans · a Managing Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Ramzi Samih Musallam · CEO and Managing Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Ramzi Samih Musallam · CEO and Managing Partner · start date unknown Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Reset Filters · Ramzi MusallamChief Executive Officer & Managing Partner · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
Partner (2)
- Benjamin Michael Polk · Partner · since Oct 1, 2012 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Ramzi Samih Musallam · Limited Partner · since Oct 1, 2020 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
Platform (3)
- Jason Marc Donner · Chief Financial Officer · since Jan 1, 2006 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Oladipo Ashiru · General Counsel & Chief Compliance Officer · since Aug 1, 2021 SEC Form ADV filing data 2011 to 2024 (Schedule D 7.B.(1) private funds, Schedules A/B, 1.I websites)
- Receptionist Veronika Rudaya · Executive Assistant Stefanie Rusin · start date unknown Investment organization websites (team, portfolio, strategy, criteria, news)
5 former (kept with end dates)
- Robert Brian Mckeon · Chairman And Managing Member · Jun 1, 2005 to Nov 9, 2012 Inference
- John Mcnamara Curtis · Operating Executive · Feb 1, 2012 to Mar 31, 2014 Inference
- Brian James Gorczynski · Class A Member, Veritas Capital Partners V, L.L.C. · Feb 1, 2015 to Mar 28, 2018 Inference
- Kevin Arthur Bousquette · Executive Officer · Jul 1, 2011 to Nov 9, 2012 Inference
- Christian Heinrich Mittweg · Chief Legal Officer & Chief Compliance Officer · Sep 1, 2010 to Aug 12, 2021 Inference
Portfolio
52 relationships, 5 platforms, 0 add-ons
Transactions
6 on record
| Date | Type | Target | This firm’s role | Source |
|---|---|---|---|---|
| Aug 6, 2026 | Exit to a strategic buyer | Saber Power Services, LLC | Strategic acquirer (confirmed) | greenbeltcapital.com |
| Aug 6, 2026 | Platform acquisition | Saber Power Services, LLC | Sponsor (confirmed) | veritascapital.com |
| Aug 5, 2026 | Platform acquisition | Company Trinity Consultants | Sponsor (confirmed) | veritascapital.com |
| Jul 15, 2026 | Platform acquisition | BGIS | Sponsor (confirmed) | veritascapital.com |
| Jan 8, 2026 | Majority investment | Global Healthcare Exchange | Sponsor (confirmed) | veritascapital.com |
| Nov 13, 2025 | Platform acquisition | MetroStar Systems, LLC | Sponsor (confirmed) | veritascapital.com |
Placement agents, lenders, advisers and co-investors
12 relationships
Financial advisers (4)
- KippsDeSanto & Co. 1 shared · one time · last Nov 13, 2025
- Evercore 1 shared · one time · last Jan 8, 2026
- Harris Williams 1 shared · one time · last Aug 6, 2026
- Citi 1 shared · one time · last Jul 15, 2026
Legal advisers (8)
- Dunn & Crutcher LLP 3 shared · strong · last Aug 6, 2026
- Kirkland & Ellis LLP 2 shared · recurring · last Aug 6, 2026
- Ropes & Gray LLP 1 shared · one time · last Jul 15, 2026
- Torys LLP 1 shared · one time · last Jul 15, 2026
- Holland & Knight 1 shared · one time · last Nov 13, 2025
- Cleary Gottlieb Steen & Hamilton LLP 1 shared · one time · last Jan 8, 2026
- Latham & Watkins LLP 1 shared · one time · last Nov 13, 2025
- Wharton & Garrison LLP 1 shared · one time · last Aug 5, 2026
LP commitments
10 disclosed
- California Public Employees' Retirement System in Redwood Lane Capital, L.P. $700M calpers.ca.gov
- California Public Employees' Retirement System $400M calpers.ca.gov
- California Public Employees' Retirement System in The Veritas Capital Fund Viii, L.P. $625M calpers.ca.gov
- Oregon Public Employees Retirement Fund in The Veritas Capital Fund IV, L.P. $100M oregon.gov
- Oregon Public Employees Retirement Fund in The Veritas Capital Fund V, L.P. $150M oregon.gov
- Oregon Public Employees Retirement Fund in The Veritas Capital Fund VI, L.P. $225M oregon.gov
- Oregon Public Employees Retirement Fund in The Veritas Capital Fund VII, L.P. $250M oregon.gov
- Oregon Public Employees Retirement Fund in The Veritas Capital Fund Viii, L.P. $250M oregon.gov
- New York State Common Retirement Fund $300M osc.ny.gov
- New York State Common Retirement Fund $300M osc.ny.gov
Events
17 most recent
- Sep 13, 2026Veritas Capital Raises $15.3 Billion Across Fund IX Strategy Amid Private Equity Slowdown and Advances Deployment Across Flagship and Vantage Strategies
- Sep 13, 2026Veritas Capital Announces $1.1 Billion Sale of Epiq Solutions to TTM Technologies
- Sep 13, 2026Veritas Capital to Acquire Saber Power Services
- Sep 13, 2026Veritas Capital to Acquire Trinity Consultants
- Sep 13, 2026Veritas Capital to Acquire BGIS
- Sep 13, 2026Veritas Capital to Acquire Majority Stake in Global Healthcare Exchange (GHX)
- Sep 13, 2026Veritas Capital to Acquire MetroStar, Advancing AI in National Security
- Aug 6, 2026Veritas Capital to Acquire Saber Power Services
- Aug 5, 2026Veritas Capital to Acquire Trinity Consultants
- Jul 15, 2026Veritas Capital to Acquire BGISPlatform investmentFactBGISPress release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)
- Mar 31, 2026Veritas Capital Fund Management, L.L.C.: Private Equity Funds on Form ADV 28 (2024 extract) -> 32 (roster 2026-09-01)
- Jan 8, 2026Veritas Capital to Acquire Majority Stake in Global Healthcare Exchange (GHX)
- Dec 31, 2025California Public Employees' Retirement System reports The Veritas Capital Fund IX, L.P.: $400,000,000 committed, vintage 2024Lp commitment disclosedFactCalifornia Public Employees' Retirement SystemPublic pension private-markets disclosures, read through the venture lane's LP report tape
- Nov 13, 2025Veritas Capital to Acquire MetroStar, Advancing AI in National Security
- Mar 31, 2025New York State Common Retirement Fund reports The Veritas Capital Fund IX, LP: $300,000,000 committed, vintage 2025Lp commitment disclosedFactNew York State Common Retirement FundPublic pension private-markets disclosures, read through the venture lane's LP report tape
- Mar 7, 2025New York State Common Retirement Fund reports The Veritas Capital Fund IX, L.P.: $300,000,000 committed, vintage 2025Lp commitment disclosedFactNew York State Common Retirement FundPublic pension private-markets disclosures, read through the venture lane's LP report tape
- Feb 13, 2012Veritas Capital Fund Management, L.L.C. first filed Form ADV in the extract (IA)
Across the graphs
Veritas Capital Fund Management, L.L.C. is the same institution as 4 records in Independent Sponsors, RIA and Wealth, Allocators and Private Credit.
Independent Sponsors1RIA and Wealth1Allocators1Private Credit1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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