Veritas Capital

Veritas Capital is a New York City-based private equity firm that invests in companies operating at the intersection of technology, healthcare, and government services. Founded in 1992 by Robert McKeon, the firm has established itself as a leading investor in the United States defense industry, with a focus on companies providing cybersecurity, data analytics, and artificial intelligence solutions to government agencies such as the National Security Agency, Department of Defense, and Federal Bureau of Investigation. Veritas Capital has also invested in companies serving the healthcare industry, including hospitals, health insurance providers, and pharmaceutical companies like Pfizer, Johnson & Johnson, and UnitedHealth Group. The firm's investment portfolio includes companies that provide services to government contractors such as Lockheed Martin, Boeing, and Northrop Grumman.

● Overview

Veritas Capital is a private equity firm that invests in middle-market companies operating in the technology, healthcare, and government services sectors. The firm's investment strategy is focused on identifying companies with strong growth potential and providing them with the necessary capital and resources to achieve their goals. Veritas Capital has invested in a number of companies that provide services to government agencies such as the Department of Homeland Security, National Institutes of Health, and Centers for Medicare and Medicaid Services. The firm has also invested in companies that serve the healthcare industry, including hospitals like NewYork-Presbyterian Hospital, Cleveland Clinic, and Mayo Clinic, as well as health insurance providers like Aetna, Cigna, and Humana. Veritas Capital's investments are often made in partnership with other private equity firms, such as Kohlberg Kravis Roberts, The Carlyle Group, and Bain Capital.

● History

Veritas Capital was founded in 1992 by Robert McKeon, a veteran investor with experience in the private equity industry. The firm's early investments were focused on companies operating in the defense industry, including government contractors like Raytheon Technologies, General Dynamics, and BAE Systems. In the early 2000s, Veritas Capital expanded its investment focus to include companies operating in the healthcare industry, including hospitals, health insurance providers, and pharmaceutical companies like Merck & Co., GlaxoSmithKline, and Sanofi. The firm has also invested in companies that provide services to government agencies such as the Federal Aviation Administration, National Oceanic and Atmospheric Administration, and United States Department of Agriculture. Today, Veritas Capital is led by Ramzi Musallam, a seasoned investor with experience in the private equity industry, and Hugh Evans, a former executive at Goldman Sachs.

● Investments

Veritas Capital has made a number of significant investments in companies operating in the technology, healthcare, and government services sectors. The firm's investments include companies like Alion Science and Technology, a provider of engineering and technology services to government agencies like the Department of Defense and National Security Agency; Cambium Learning Group, a provider of education services to school districts and state education agencies; and Verisk Analytics, a provider of data analytics services to insurance companies like State Farm, Allstate, and Geico. Veritas Capital has also invested in companies that provide services to government contractors like Boeing, Lockheed Martin, and Northrop Grumman, as well as healthcare companies like UnitedHealth Group, Anthem, and Cigna. The firm's investments are often made in partnership with other private equity firms, such as Kohlberg Kravis Roberts, The Carlyle Group, and Bain Capital.

● Management

Veritas Capital is led by a team of experienced investors, including Ramzi Musallam, the firm's CEO and managing partner, and Hugh Evans, the firm's president and COO. The firm's investment team includes a number of seasoned investors with experience in the private equity industry, including Patrick Clancy, Robert McKeon, and Donald Terrance. Veritas Capital's management team has a strong track record of investing in companies operating in the technology, healthcare, and government services sectors, and has established relationships with a number of key players in these industries, including government agencies like the Department of Defense and National Institutes of Health, as well as companies like IBM, Microsoft, and Oracle Corporation.

● Controversies

Veritas Capital has been involved in a number of controversies over the years, including criticism of its investment practices and allegations of conflict of interest. In 2019, the firm was criticized for its investment in Peraton, a provider of cybersecurity services to government agencies like the National Security Agency and Department of Defense. The investment was criticized due to concerns about the potential for conflict of interest, given the firm's relationships with other government contractors like Lockheed Martin and Boeing. Veritas Capital has also faced criticism for its investment in companies that provide services to government agencies like the Immigration and Customs Enforcement and Department of Homeland Security, with some critics arguing that the firm's investments are supporting policies that are harmful to immigrant communities.

● Portfolio Companies

Veritas Capital's portfolio includes a number of companies operating in the technology, healthcare, and government services sectors. The firm's portfolio companies include Alion Science and Technology, a provider of engineering and technology services to government agencies like the Department of Defense and National Security Agency; Cambium Learning Group, a provider of education services to school districts and state education agencies; and Verisk Analytics, a provider of data analytics services to insurance companies like State Farm, Allstate, and Geico. Veritas Capital's portfolio companies also include healthcare companies like UnitedHealth Group, Anthem, and Cigna, as well as government contractors like Boeing, Lockheed Martin, and Northrop Grumman. The firm's portfolio companies have a strong track record of providing high-quality services to government agencies and private sector companies, and have established relationships with a number of key players in these industries, including IBM, Microsoft, and Oracle Corporation.

Category:Private equity firms