Private equity firm Veritas amasses $10.7 bln for flagship fund

Veritas Capital said Wednesday it drew in $10.65 billion in commitments for Veritas Capital Fund VIII, its latest flagship fund. The pool was “significantly oversubscribed” with demand exceeding its hard cap and initial target of $8.5 billion, the firm said. The flagship fund comes three years after Veritas Capital Fund VII closed with $6.5 billion in commitments. Veritas CEO and managing partner Ramzi Musallam said the firm plans to pursue “a growing set of opportunities” in healthcare, education, and national security.” Past investments by Veritas include Houghton Mifflin Harcourt Company, Coronis Health, Grant Thornton Public Sector, and Chromalloy.