Private Equity
The fundraise represents a 35% increase over Fund VIII and brings Veritas’s AUM to more than $54 billion.
The oversubscribed fund is the largest in the firm’s history.
The retirement system launched the searches last quarter due to contract expirations.
The plan will look to commit up to $400 million across two venture capital funds later this month.
The fund exceeded its $1.75 billion target.
The middle market private investment firm has raised more than $3 billion total for its latest private equity and credit funds.
A university based on the East Coast is looking to add emerging private equity and venture capital managers to its portfolio.
The retirement system finalized a pair of new manager relationships last week.
The retirement fund is seeking both minority-, women- and disabled-owned commingled fund managers and Africa-focused buyout, growth or special situations managers.
The newly hired firm will provide private credit, private equity, real estate and infrastructure consulting services.
