Veritas Capital is a New York-based private-equity firm founded in 1992 that invests in companies providing critical products and services, primarily technology-enabled products and services, to government and commercial customers worldwide. The firm's first fund closed in 1998. They closed an eighth flagship fund in 2022; in all, Veritas has approximately $45 billion of assets under management. Veritas is led by Ramzi Musallam, the firm's Chief Executive Officer and Managing Partner. History Veritas Capital was founded in 1992 and raised its first fund in 1998. The firm invested exclusively in companies that support the government, government-influenced markets, and commercial customers, specifically in certain sectors, such as aerospace & defense, communications, education, energy, government services, healthcare, national security, and software. Since 1998, it has raised seven funds with a total value of over $14 billion. During this time, it originated and managed over 90 acquisitions. Veritas is led by CEO and Managing Partner, Ramzi Musallam. Military and defense industry Veritas made a major play in national security with the acquisition of Raytheon Aerospace in June 2001 and Flight International in December 2002. It merged the two companies to form Vertex Aerospace LLC, and sold Vertex to L3 Technologies in October 2003. Veritas acquired several units of DynCorp from CSC in 2004 to create DynCorp International LLC. It launched an IPO on the New York Stock Exchange in 2006, offering 25 million shares and retaining shareholder control. The firm sold DynCorp International to Cerberus Capital Management in 2010. In 2005 it acquired MZM Corporation and changed MZM's name to Athena Innovative Solutions before selling it to CACI in 2007. Veritas acquired the Enterprise Integration Group business unit of Lockheed Martin in 2010 and changed its name to the SI Organization. SI acquired PhaseOne Communications in 2012, Applied Communication Sciences in 2013 and QinetiQ North America's services business in 2014, after which it rebranded itself Vencore. In 2017, Veritas acquired the government IT services division of Harris Corporation, and renamed it as Peraton. Peraton primarily contracts with the US and Canadian military. In 2021, Veritas acquired the federal IT and mission support business of Northrop Grumman for $3.4 billion in cash. Veritas placed this purchase in its Peraton subsidiary. In May 2021, Perspecta was acquired by Veritas for $7.1 billion and also placed under Peraton. In September 2021, Peraton's Systems Engineering Sector (SES) was divested from Peraton to the Veritas's Vantage fund under