Terms and Conditions of Use

The information offered by Veritas Capital Fund Management, L.L.C. (together with its affiliates, “Veritas”) on this site is subject to certain terms and conditions (the “Terms and Conditions”).  These Terms and Conditions apply to all users.  By entering this site or by transmitting any information to the site, you acknowledge and agree to all of the Terms and Conditions.  Please read them carefully.  If you do not agree to the Terms and Conditions, please do not use this site.  Any use of this site in a manner inconsistent with these Terms and Conditions is deemed unauthorized access and may subject the user to civil or criminal penalties.  We reserve the right to revise this legal information at any time and for any reason, without notice or obligation, by updating this posting.  Your continued use of this site following the posting of any changes to the Terms and Conditions will mean that you accept such amendments.  We strongly recommend that you periodically visit this page of the site to review the Terms and Conditions.  You may contact Veritas by e-mail at [email protected] with questions about the Terms and Conditions.

Legal Notices

Registered Adviser

Veritas Capital Fund Management, L.L.C. (“VCFM”) is registered with the Securities and Exchange Commission (“SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended.  All information contained herein is for informational purposes and should not be construed as investment advice.  This site is intended solely to provide information regarding potential financing capabilities of VCFM and its affiliates for prospective portfolio investments.  The information provided on this page, including any information regarding VCFM’s current and historical portfolio investments, is not intended to recommend any investment described herein and is not an offer or sale of any security or investment product or investment advice.  VCFM provides investment advisory services to the privately offered Veritas funds.  VCFM does not solicit or make its services available to the public or other advisory clients for purposes of investment in the Veritas funds.

Broker Dealer

Veritas Capital Securities, L.L.C. (“VCS”) is a broker-dealer registered with the SEC and a member of FINRA (www.finra.org) and SIPC (www.SIPC.org), and an affiliate of Veritas Capital Fund Management, L.L.C., an investment adviser registered with the SEC. In the United States, securities are offered through VCS.  

VCS maintains a Business Continuity Disclosure Statement and Form CRS, available at https://files.brokercheck.finra.org/crs_323755.pdf

FINRA maintains a BrokerCheck listing for VCS at https://brokercheck.finra.org/firm/summary/323755

FINRA’s BrokerCheck Help Line is 800.289.9999; customers may also find an investor brochure that includes information describing FINRA BrokerCheck at http://www.finra.org/sites/default/files/BrokerCheck_Card_4x9.pdf

Please direct any questions, comments or complaints regarding products or services offered by VCS to [email protected], located at 9 West 57th Street, 31st Floor, New York, NY 10019.


Pursuant to the Financial Instruments and Exchange Law of Japan, Business Operators of Specially Permitted Businesses for Qualified Institutional Investors, Etc. are required to make available to the public certain information. If you would like to obtain such information as to Veritas Capital Partners VIII, L.L.C., please make a request via email to [email protected] and indicate your name, company name, position and email address, and such information will be sent to you via email promptly after your request


While Veritas uses reasonable efforts to help ensure that all material on this site is correct, accuracy cannot be guaranteed and Veritas makes no representations or warranties as to the accuracy, reliability or completeness of any information at this site.  Any content contained herein is subject to change without notice.  THE SITE, AND ALL INFORMATION AND MATERIALS CONTAINED HEREIN, IS PROVIDED TO YOU “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT OF INTELLECTUAL PROPERTY AND OTHER PROPRIETARY RIGHTS TO THE FULL EXTENT PERMITTED BY LAW.  Veritas further assumes no responsibility for, and makes no warranties that functions contained at this site will be uninterrupted or error-free, that defects will be corrected, or that the site or the server that makes it available will be free of viruses or other harmful components.  Veritas shall not be liable for any damages, viruses, or services, repairs or corrections that must be performed on your computer or other property on account of your accessing or using this site.  Please note that some jurisdictions do not allow the exclusion of implied warranties, so some or all of the above exclusions may not apply to you.

Information provided is subject to change.

Veritas does not warrant the availability, accuracy, adequacy, completeness, timeliness, functionality, reliability, sequencing or speed of delivery of the information and material contained on the site and expressly disclaims liability for errors or omissions in the material and information.

Veritas is not liable for any consequential, incidental, special, punitive or exemplary damages arising out of any use of or inability to use the site or any portion thereof, regardless of whether Veritas has been apprised of the likelihood of such damages occurring and regardless of the form of action, whether in contract, warranty, tort (including negligence), strict liability, or otherwise.

The names and logos of certain companies included in the site are provided for illustrative purposes only.  Inclusion of such companies’ names and logos does not imply affiliation with or endorsement by such firms.

There may be legal requirements in various countries and jurisdictions which may restrict the information that can be accessed.  Persons who obtain information from this site should inform themselves about and observe any restrictions imposed in the jurisdiction in which the site is accessed.

The portfolio investment information provided on the Portfolio page under “ALL” and “Selected Realized” shows all investments made and all investments realized by the private equity funds, respectively, except for two portfolio investments (Worthington Precision Metals and Republic Technologies International) that are not considered part of the target industries (“Target Industries” as defined below) of Veritas. 

“Target Industries” include companies that provide critical products, software, and services, primarily technology or technology-enabled solutions to government and commercial customers worldwide in industries and sectors supported by a government-related customer base or impacted by government regulation or policy.


The information published on Veritas Capital Fund Management, L.L.C.’s (together with its affiliates, “Veritas”, “we” or “our”) social media accounts is intended for informational and discussion purposes only and should not be relied upon in any manner as legal, tax, business, investment, accounting or other advice or an offer to sell or a solicitation of an offer to buy, any limited partner interests in an investment vehicle sponsored by Veritas.

Any views or opinions expressed on our social media accounts may not reflect the official policies or position of Veritas, unless specifically stated by an authorized account administrator. Veritas is not responsible for any unofficial communications posted on or issued through its social media accounts.

Veritas’ social media accounts may contain information from or links to published and nonpublished sources and from third parties, which in certain cases, have not been updated through the date hereof. While such information is believed to be reliable for the purpose used herein, none of Veritas, or any of its directors, officers, members, employees, advisors, partners, representatives, or agents has independently verified or assumes any responsibility for the accuracy of such information.

The social media platforms used by Veritas are not controlled by or affiliated with Veritas. You should review and consider the terms of use and policies of social media platforms separately.

Veritas’ receipt of any awards or rankings referenced on our social media accounts is in no way indicative of any individual investor’s experience with Veritas or of any Veritas funds’ future performance. Such rankings and awards should not deemed to be, a recommendation or evaluation of Veritas’ investment management business.

The 2022 HEC-DowJones Private Equity Performance Ranking (“2022 HEC-DowJones Ranking”), published on February 8, 2023, ranks private equity funds in terms of aggregate performance based on buyout funds raised between 2009 and 2018. The ranking draws on private equity fund performance data provided by Preqin and data reported directly to HEC-DowJones. The 2022 HEC-DowJones Ranking analyzed performance data from 563 private equity firms and the 2021 funds they raised between 2009 and 2018 with an aggregate equity volume of $1.51 trillion. No compensation was paid by Veritas to HEC-DowJones in exchange for, or connection with, the 2022 HEC-DowJones Ranking. Following release of the 2022 HEC-DowJones Ranking, Veritas engaged Professor Gottschalg Research GmbH (“PGR”) and its Founder and Head of Research, Oliver Gottschalg for a limited scope review of the performance of Veritas’ seven equity funds (the “Flagship Private Equity Funds”). Mr. Gottschalg, who is also the author of HEC-DowJones ranking, did not have a relationship with Veritas prior to such engagement. The 2022 HEC-DowJones Ranking should not be considered an endorsement of Veritas or its funds by the authors or distributors of the ranking. Veritas makes no representations or warranties as to accuracy, completeness or reliability of information contained in the 2022 HEC-DowJones Ranking. Veritas does not intend to invest in the funds comprising the 2022 HEC-DowJones Ranking. In addition, the funds comprising the 2022 HEC-DowJones Ranking are invested across a variety of industries whereas the Flagship Private Equity Funds have focused since September 1998, on the target industries, which include the sectors of aerospace & defense, communications, education, energy, government services, healthcare, national security, software and other sectors supported by a government-related customer base or impacted by government regulation or policy. For the foregoing and other reasons, the returns achieved by the Flagship Private Equity Funds and the returns comprising the 2022 HEC-DowJones Ranking are not comparable. To learn more, please view the full report, here.  

Material to be Consulted in its Entirety

All materials in this site are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices.  Any disclaimers, restrictions, disclosures or hedge clauses apply to any partial document or material in the same manner as they do to the whole, and will be deemed incorporated in the portion of any material or document that you consult or download. 

Linking, Posting and Transmitting

Although Veritas provides the information accessible on the site for your personal, non-commercial use, Veritas retains all property rights, including, without limitation, property rights under U.S. and international copyright law, to all such information.  Without the prior express written permission of Veritas, you MAY NOT do any of the following:  (A) hyperlink to the site, whether to its homepage or to an interior page; (B) include information from the site on another site, on a server computer, or in documents; (C) modify or re-use the information from the site; or (D) transmit any commands, codes or information to the site, with the exception of those commands necessary to view the site.  Veritas reserves all other rights.  

Do not transmit to the site or to any Veritas personnel, any pornographic, obscene, profane, defamatory, libelous, threatening, or unlawful material or any unsolicited commercial communications.  Do not transmit to the site or to any Veritas personnel any material that could constitute or encourage unlawful conduct that would be considered a criminal offense, give rise to civil liability, or otherwise violate any law or regulation.  Notwithstanding the fact that Veritas, or other parties involved in creating, producing, or delivering the site, may monitor or review any transmissions to the site or to Veritas personnel, Veritas and such other parties assume no responsibility or liability that may arise from the content thereof, including, without limitation, claims for defamation, libel, slander, obscenity, pornography, profanity, or misrepresentation.  Veritas reserves the right to monitor and record activity on the site and respond to such activity as it deems appropriate.

By entering the site you acknowledge and agree that any communication or material you transmit to the site or Veritas, in any manner and for any reason, will not be treated as confidential or proprietary.  Furthermore, you acknowledge and agree that any materials you transmit to Veritas may be used by Veritas, anywhere, anytime and for any reason whatsoever.

Although the site may be linked to other sites upon permission, Veritas is not, directly or indirectly, implying any approval, association, sponsorship, endorsement, or affiliation with the linked site, unless specifically stated therein.  By entering the site you acknowledge and agree that Veritas has not reviewed all the sites that may be linked to the site and is not responsible for the content of any off-site pages or any other site linked to the site.  You further acknowledge and agree that when you follow links to pages not maintained on the site, you do so at your own risk.

Copyright and Trademark Notice

Veritas is the copyright owner for everything on the site or has the permission to use the material on the site.  No portion of the site, including, without limitation, the text or images may be used in any manner, or for any purpose, without the prior express written permission of Veritas, except as provided herein.  The compilation of all content on the site is the exclusive property of Veritas and is protected by U.S. and international copyright laws.  All software used on the site is the property of Veritas or its software suppliers and is protected by U.S. and international copyright laws.

By entering the site you acknowledge and agree that each name, logo, trademark, or service mark contained on the site is owned or licensed by Veritas and may not be used by you without the prior written approval of Veritas.  Veritas will aggressively enforce its intellectual property rights to the full extent of the law.  Information or images of places or people are either the property of Veritas or used on the site by Veritas with permission.  Your use of any such materials is prohibited unless specifically permitted by Veritas.  Any unauthorized use of such materials may subject you to penalties or damages, including, without limitation, those related to violation of trademarks, copyrights, privacy and publicity rights.

Restricted Use of Site Materials

Veritas grants you a limited license to access and make use of this site.  For your personal use only, you may print copies of the information from the site and you may store information from the site on your own computer.  You may not modify the site, or any portion thereof, for any reason.  Any unauthorized use terminates the permission or limited license granted by Veritas.  Veritas reserves all other rights.

Limitations on Liability

You agree to indemnify, defend and hold harmless Veritas and its agents, employees and third party sources from and against any and all suits, losses, claims, demands, liabilities, damages, costs and expenses (including reasonable attorneys’ fees) that arise from, or relate to, use of this site.  Your breach of the Terms and Conditions, your violation of any applicable law, statute, ordinance, regulation or of any third party’s rights, or claims asserted by third parties which, if proven, would place you in breach of representations, warranties, covenants or other provisions contained in the Terms and Conditions.  Veritas’ liability with respect to the site is limited to the maximum extent permitted by law.  Veritas’ liability is limited even if Veritas has been advised of the possibility of the damages that you suffer or if any remedy you have fails its essential purpose.  Under all circumstances, the maximum liability of Veritas, its agents and employees to any user of the site with respect to the site is $100.  This disclaimer of liability applies to any and all damages or injury, including those caused by any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication line failure, theft, destruction or unauthorized access to, alteration of or use of any asset, whether for breach of contract, tortious behavior, negligence or under any other cause of action.  You will be responsible for any liability to Veritas that arises out of your breach of the Terms and Conditions or your use of the site.

Applicable Law and Jurisdiction

New York law governs the Terms and Conditions.  Any issue concerning the extent to which any dispute is subject to arbitration, or concerning the applicability, interpretation, or enforceability of these procedures, including any contention that all or part of these procedures are invalid or unenforceable, shall be governed by the Federal Arbitration Act and resolved by the arbitrators. All other issues shall be governed by the law of the State of New York, without regard to its choice of law rules.

You agree to resolve by arbitration any controversy arising between you and Veritas, its control persons, predecessors, subsidiaries, affiliates, successors, assignees and employees.  With respect to the resolution of any controversy with respect to the Terms and Conditions, you acknowledge that:  (A) arbitration is final and binding on the parties; (B) the parties are waiving their right to seek remedies in court, including the right to jury trial; (C) pre-arbitration discovery is generally more limited than and different from court proceedings; (D) the arbitrators’ award is not required to include factual findings or legal reasoning and any party's right to appeal or to seek modification of rulings by the arbitrators is strictly limited; and (E) any arbitration under Terms and Conditions shall be conducted in New York City before a panel of three (3) arbitrators pursuant to the JAMS Comprehensive Arbitration Rules and Procedures, except to the extent that such rules are modified by the Terms and Conditions.  Arbitration is initiated by a party serving the other party with a written demand for arbitration or a written notice of intention to arbitrate.  No person shall bring a putative or certified class action to arbitration nor seek to enforce any pre-dispute arbitration agreement against any person who has initiated in court a putative class action or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until:  (A) the class certification is denied; (B) the class is decertified; or (C) the customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under the Terms and Conditions except to the extent stated herein.


Veritas may assign the Terms and Conditions in whole or in part at any time without your consent.  You may not assign the Terms and Conditions or delegate any of your obligations.  Any purported assignment of the Terms and Conditions in violation of its terms is void.


If any of the Terms and Conditions shall be deemed invalid, void, or for any reason unenforceable, such condition shall be deemed severable and shall not affect the validity and enforceability of any of the remaining Terms and Conditions.