Sun, Jul 25, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Veritas Capital closes debut credit fund on $400m

Wednesday, October 28, 2020

Laxman Pai, Opalesque Asia:

Private-equity firm Veritas Capital closed its maiden credit fund, collecting $400 million of aggregate committed capital to invest in companies at the intersection of technology and government.

The closing of the Credit Opportunities Fund, in addition to the final closing of Veritas Capital Fund VII with $6.5 billion of aggregate committed capital and additional limited partner commitments of almost $1 billion in support of Veritas' co-investment, brings Veritas' total capital raised over the past 12 months to almost $8 billion and total assets under management across the platform to over $20 billion.

The New York firm started fundraising last year for its Veritas Capital Credit Opportunities Fund LP and has already invested in 17 companies through the strategy. Those deals have allowed the firm to put 30% of the new fund to work.

"As the first credit fund in Veritas' integrated investment platform, the Credit Opportunities Fund leverages the Firm's highly differentiated deal flow and access to proprietary sector insights, which allow Veritas to embrace complexity and act with conviction and speed," said a press release from the company.

"For over two decades, we have successfully invested in some of the leading, market-critical companies in technology and government across all seven of our private equity funds," said Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas Capital.

"We launched the Credit Op......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: SPAC merger with space firm Momentus threatened by SEC fine, Altus Power to merge with SPAC created by CBRE in $1.58bn deal, 10 best cheap SPACs to buy according to Reddit, A-Rod's slam SPAC is in merger talks with Italy's Panini group, How to conjure a $20bn fortune using a SPAC[more]

    SPAC merger with space firm Momentus threatened by SEC fine From Bloomberg: A blank-check company's acquisition of space-cargo firm Momentus Inc. has been dealt a serious blow by the U.S. Securities and Exchange Commission, which accused both entities of misleading shareholders just we

  2. PE/VC: Private credit: The $1tn "new 40" opportunity[more]

    From Institutional Investor: The private debt asset class has provided investors with an attractive combination of high cash yield and floating rate returns coupled with low volatility and loss rates, while modernizing portfolios. Private credit is on a roll. Investors love the strong cash yie

  3. Distressed-debt funds get no love as credit problems disappear[more]

    From Bloomberg: Private debt investors are turning away from distressed funds amid shrinking opportunities to profit from troubled companies. Investors were less keen to put their money to work in funds that target distressed credits in the past quarter than a year ago, according to a poll of

  4. Investing: Cathie Wood's Ark Invest abandons Chinese tech stocks amid regulatory crackdown[more]

    From Business Insider: Cathie Wood's Ark Invest has slashed its exposure to Chinese tech stocks amid an ongoing regulatory crackdown, according to Ark's daily trading updates. Ark's flagship Disruptive Innovation ETF has seen its exposure to Chinese stocks fall to less than 1% from a high of 8

  5. SPACs: SEC abruptly kills Ackman's controversial SPAC plans, Bill Ackman rejigs Universal deal after regulators probe SPAC plan, SPAC-ing the Southeast Asia story, SPAC deals will rebound for remainder of 2021[more]

    SEC abruptly kills Ackman's controversial SPAC plans From Institutional Investor: The Securities and Exchange Commission has killed Bill Ackman's special purpose acquisition company's complicated plan to invest in Universal Music Group. On Monday, his SPAC, Pershing Square Tontin