Veritas Capital Overview
Veritas Capital is a New York-based private equity firm that invests in companies who provide critical tech-enabled services and products to commercial and government customers around the world.
The firm was founded in 1992 and raised its first ever fund in 1998. Veritas Capital exclusively invests in companies which support the government and its influenced markets and commercial customers.
Specifically, their focus sectors revolve around software, national security, healthcare, government services, energy, education, communications, defense, and aerospace.
The firm is a proud steward of national assets, advancing the educational system, improving healthcare while reducing cost, and protecting the nation and its allies.
Robert McKeon was the Chairman of Veritas, the firm he founded in 1992. He was the founding partner of Wasserstein Perella & Co.
Veritas Capital AUM
According to the most recent regulatory filings, Veritas Capital has $43.9 BB in assets under management as of March 27, 2023.
Veritas Capital Interview Process & Questions
Firms may decide to tweak their interview process with each candidate. However, you’ll find that the general nature of the interview stays the same. When you interview at Veritas Capital, you can expect:
- 4 to 6 rounds of interviews
- For the initial rounds, the junior professionals will be in charge of the interview. For the later part, the senior staff take over.
- Entire process typically lasts for several weeks – except for on-cycle or on-campus recruiting
The interview questions will be a combination of behavioral, fit, and investing questions so make sure to prepare for that.
My Growth Equity Interview Guide is an excellent resource in case you need help preparing for interviews.
Why Veritas Capital
“Why this firm?” almost always shows up during interviews – and also one of the most critical questions you have to answer.
If you’ve done networking to get connected with the firm’s employees, this is the right time to mention whoever you’ve met and how their experiences have positively influenced your decision to apply.
You can also try listening to interviews with the firm’s founders, portfolio companies, and key personnels to come up with relevant answers.
For starters, here’s CNBC interview with Veritas Capital CEO, Ramzi Musallam:
- Preparing for Private Equity Recruiting – Greg, Veritas Capital Private Equity
- Interview with Greg Branch, Veritas Financial Group managing partner
Veritas Capital Case Study
Communication skills and technical knowledge are two important factors that investment firms like Veritas Capital consider when selecting the right candidate. They often use case study to evaluate these traits.
Most case studies will have you perform financial modeling and provide investment recommendations. However, cold calling case study may also be included if you’re applying for junior roles.
You can find more case study resources inside my Growth Equity Interview Guide.
Veritas Capital Salary & Compensation
As per Glassdoor and other publicly available data, analysts at Veritas Capital have earned salaries of $163,980 per year, while associates have an estimated total pay of $120,000 per year. Figures may vary depending on many factors like experience, location, and education.
Veritas Capital Careers, Jobs, & Internships
Visit our job board if you’re looking for open roles at Veritas Capital or other similar firms.
Veritas Capital Portfolio & Investments
According to Crunchbase, Veritas Capital has made 3 investments across five funds. Some of their notable deals include Aptim, Guidehouse, and Chromalloy.
Notable Transaction: Cubic
Cubic is a tech-driven and market-leading provider of integrated solutions which help increase situational understanding for defense C4ISR, transportation, and training customers around the world to lessen urban congestion and improve efficiencies of militaries and operational readiness.
In May 2021, Veritas Capital, along with Evergreen Coast Capital Corporation, acquired Cubic in a transaction which was valued at around $3 billion (including debt assumption).
The go-private transaction, which was first announced in February 2021 and amended in March 2021, got approval from Cubic Shareholders in April 2021.
After the completion of translation, Cubic shareholders received $75 per share in cash, and Cubic’s common stock was suspended from trading on NYSE and removed from listing.
If you decide to send your application and build your investing career at Veritas Capital, I would highly recommend that you check out my Growth Equity Interview Guide first before attending interviews.
Growth Equity Interview Guide helps professionals get a good grasp of topics that are typically covered during interviews such as financial modeling, case studies, and more. Check it out and start learning today!