New york: Veritas Capital, a prominent investor in the technology and government sectors, has announced the final close of The Veritas Capital Fund IX, reaching a hard cap with $14.4 billion in aggregate capital commitments. The fund was significantly oversubscribed, with demand surpassing its initial target of $13 billion. This achievement marks a 35% increase over Fund VIII, which closed at $10.7 billion in 2022. With this development, Veritas now manages in excess of $54 billion in assets, reinforcing its status as a key player in technology investment.

According to BERNAMA News Agency, Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas, expressed pride in the team's efforts and the partnerships that facilitated this milestone. Despite challenging fundraising conditions, the strong demand for Fund IX signifies strong support for Veritas's strategy. Musallam emphasized the importance of technology in shaping national security, healthcare delivery, and the broader economy. He noted that Fund IX will enable Veritas to expand its influence, explore new opportunities, and continue driving innovation in critical areas.