New york: 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)

According to BERNAMA News Agency, Fund IX was significantly oversubscribed, with demand exceeding the hard cap and surpassing the initial target of US$13 billion. 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, stated that Fund IX represents an important step forward, and its strong demand is a clear endorsement of the company’s strategy and platform. Musallam noted the fund’s role in expanding impact, seizing new opportunities, and fuelling innovation in sectors such as national security and healthcare delivery, where technology plays a defining role.

With the close of Fund IX, Veritas announced it currently manages more than US$54 billion in assets across its strategies. This strengthens its position as a leading investor focused on technology in essential, resilient businesses in highly regulated markets undergoing transformation. These sectors are experiencing growth as software, data, and artificial intelligence reshape societal operations.

Veritas’s platform, built on domain depth, proprietary intellectual property, and a repeatable strategic playbook, is designed to drive value in complex markets of global significance. The company’s leadership and results have earned it 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.