Veritas Capital Review: Government Technology Specialist, Portfolio Companies & Deal Criteria

Complete guide to Veritas Capital: founded in 1998, New York-based PE firm with $50B+ AUM, investing at the intersection of technology and government with portfolio including Peraton, Syneos Health, and Wood Mackenzie.

Key Takeaways

  • •Focus on Government Technology, Defense Technology, Healthcare Technology
  • •Investment range: $50M-$500M in equity
  • •Based in New York, NY
  • •Founded in 1998
  • •AUM: $50B+ across 3 strategies
  • •Control-oriented investments in government tech

Firm Overview

Veritas Capital is a New York-based private equity firm founded in 1998, with $50B+ in assets under management across private equity and credit strategies. The firm employs 140+ professionals and is exclusively focused on investing at the intersection of technology and government, targeting companies providing critical products, services, and software to government and commercial customers worldwide.

The firm's investment thesis centers on companies that serve government customers with technology or technology-enabled solutions, including national security, defense, healthcare IT, and critical infrastructure.

Notable Portfolio Companies

Veritas Capital has built an impressive portfolio in government technology, defense, and healthcare technology.

What Veritas Capital Looks For

Veritas Capital evaluates potential investments based on several key criteria:

  • Government customer base — Companies with established government customer relationships
  • Contract sustainability — Long-term contracts and recurring revenue from government
  • Technology differentiation — Clear technology advantages in government markets
  • Clearances — Ability to hold government security clearances where needed
  • Growth potential — Opportunities for continued growth in government markets

Pro Tip

Veritas Capital's government focus makes them the ideal partner for companies serving federal, state, or local government customers. In February 2026, Veritas raised $15.3 billion across Fund IX strategy amid a private equity slowdown, demonstrating strong investor confidence.

How to Connect With Veritas Capital

Approaching Veritas requires demonstrating government market strength:

  • Demonstrate Government Track Record — Show established government customer relationships and contract history.
  • Prepare Financial Foundation — Ensure clean financials with EBITDA of $10M+ and professional reporting.
  • Show Technology Differentiation — Demonstrate clear technology advantages in government markets.
  • Build Relationships — Leverage government market advisors and industry connections.
  • Companies seeking investment from government technology PE firms like Veritas must have solid financial infrastructure:
  • Financial Foundation: Clean financials, EBITDA optimization, Contract revenue tracking, Cash flow modeling
  • Compliance Foundation: Government contracting compliance, Security clearance readiness, Contract documentation, DCAA compliance

How Eagle Rock Helps

We help government technology companies prepare for PE investment by building financial infrastructure and ensuring contracting compliance. Our fractional CFO services ensure you're ready to engage with firms like Veritas Capital.

Pro Tip

Have clear growth initiatives and market expansion plans ready to present.

Frequently Asked Questions

What industries does Veritas Capital focus on?

Veritas Capital primarily invests in Government Technology, Defense Technology, and Healthcare Technology. The firm exclusively targets companies serving government customers or highly regulated commercial markets.

What size companies does Veritas Capital acquire?

Veritas Capital typically invests $50M-$500M in equity, targeting companies with enterprise values in the lower to middle market range, with recent Fund IX raising $15.3B.

What is Veritas Capital's typical investment size?

The firm's equity investments generally range from $50M-$500M, positioning them as active investors who can provide meaningful capital for growth in government technology markets.

How long does Veritas Capital's due diligence process take?

Due diligence timelines vary by deal complexity, but Veritas Capital typically conducts thorough financial, operational, and market due diligence over several weeks to months.

What should I prepare before engaging with Veritas Capital?

Prepare three years of audited financials, detailed market analysis, management team bios, growth plans, and a clear vision for how the partnership would create value.

How does Veritas Capital work with portfolio companies?

Veritas Capital takes a partnership approach, working closely with management teams on strategic initiatives, acquisitions, and operational improvements.

Ready to Connect With Veritas Capital?

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This article is part of our Private equity firms | Eagle Rock CFO guide.