Veritas Investments - Portfolio (2024)


With nearly 250 buildings and 5,600 apartments across the San Francisco Bay Area, Los Angeles and Seattle metro areas, Veritas Investments is one of the West Coast’s premier multifamily operators.


Our rapid growth and tech-enabled management provide a proven formula for success in operating small- to medium-size multifamily assets at scale.


From studios to three-bedrooms, walker’s paradises to transit hubs, and luxury versus economical, Veritas offers homes for the needs of nearly every apartment dweller – all supplemented with outstanding digital amenities.

Focusing on smaller buildings that often carry some degree of deferred maintenance, Veritas leverages technology to acquire, modernize, and extend the lifespan of these multifamily communities – ensuring they remain attractive places to live for generations to come.

Revitalizing a Classic Luxury Hotel

The first luxury residential building built after San Francisco’s 1906 earthquake was once operated as a high-end hotel where numerous high society clubs would gather.

Built in 1911, situated just blocks from historic Grace Cathedral and dog-friendly Huntington Park in beautiful Nob Hill, it features a grandiose lobby with green Corinthian style columns, porte-cochere, and stately brick façade. Many apartments feature spacious floor plans, ornate architectural details and sweeping views of the San Francisco Bay, the Golden Gate Bridge, Alcatraz Island, and San Francisco skyline. Common areas include a lobby waiting area, dedicated mail room, elevators, and on-site laundry area.


Walkability in West L.A.

Los Angeles isn’t typically thought of as a walker’s dream, but this apartment community is. It is directly adjacent to a major shopping center and a quick stroll to restaurants and nightlife on Hollywood Boulevard. Yet it’s still within striking distance of beaches and the attractions of broader L.A. via 101 just down the street.

With the Hollywood Hills as a backdrop, the community is a mix of studios and one-bedrooms that Veritas recently upgraded for the needs of the modern renter with updated fixtures and convenient digital amenities.

Veritas is also adding much-needed housing stock to this desirable neighborhood, converting an unused section of the property into accessory dwelling units (ADUs).


Oakland’s Launching Pad

Vue De Lac lives up to its name, with stunning views of Oakland’s renowned Lake Merrit.

Built in 1906, this apartment community features studio apartments, bike racks, and the almost-unimaginable convenience of a surface parking lot – the perfect launching pad for broader Bay Area adventures and new beginnings.

Veritas began addressing the community’s deferred maintenance issues during the 2020 Covid pandemic, infusing the formerly dull common areas with modernity and convenience.


Adding Light and Life to The Biltmore’s Basem*nt

Formerly The Biltmore hotel, this piece of San Francisco history has been updated and restored, integrating modern amenities with its classic charm.

Whenever possible, Veritas adds housing stock to existing buildings, a sustainable way to increase housing in our supply-constrained markets. We took that approach here, converting its former dining room and ballroom into seven new accessory dwelling units (ADUs) – several of which feature attractive outdoor and patio spaces.

Veritas not only succeeded in developing much needed housing, but also delivering a significant return on investment, exceeding all projections.


Tech-Enabled, Sustainable Art Deco Living

Transformed from a hotel into apartments during a World War II housing shortage, this building is a unique blend of classic San Francisco art deco history, digital amenities, and modern finishes.

Managed by a third-generation resident manager, The Claire was the first Veritas building to implement Tumble smart laundry services. Rooftop solar panels sustainably power water heaters, and our Carson video-enabled smart access provides added resident security and peace of mind.

Veritas updated and modernized these apartments with state-of-the art fixtures and finishes (like low-flow toilets and stainless steel appliances), while still retaining its classic architecture and features.

Celebrating a Century

2023 marks a centennial of several notable buildings within the Veritas portfolio. From their humble beginnings to their present-day significance, these iconic structures have seen a century of change, standing as witnesses to the city’s evolution and rich history. Explore our collection of classic buildings that have become a symbol of the city’s heritage.

From the historic charm of 1801 Leavenworth to the energy of 735 O’Farrell and classic San Francisco feel of 845 Pine, each building has a unique story. See firsthand the blend of history, charm, and cultural significance that these buildings bring to their neighborhoods, while walking through classy yet laid-back Lower Nob Hill, picturesque and timeless Russian Hill, vibrant and sunny Mission District, or quaint and scenic Bernal Heights.

Veritas Investments - Portfolio (2024)

FAQs

What does Veritas invest in? ›

Veritas Capital Fund Management, L.L.C. 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.

Who is the owner of Veritas Investments? ›

Veritas Investments dates back 20 years, born from the initial success of property investments made by Founder and Chief Executive Officer Yat-Pang Au. Mr. Au is a San Francisco Bay Area native and self-starter who, as a youngster, fixed coin-operated laundry machines to help the family business.

How many buildings does Veritas own? ›

Veritas affiliates owned around 6,500 apartments across 293 buildings in the city as of 2022. At the time, the company's real estate was valued at $3 billion. The company continued to grow its holdings even as the economy began to shift in the wake of the pandemic.

How big is Veritas Fund VIII? ›

What is Veritas Capital Fund VIII's size? Veritas Capital Fund VIII has a size of $10.7B.

Who is Veritas owned by? ›

Veritas is majority-owned by private equity firm Carlyle Group (CG. O) , opens new tab, which acquired the company from Symantec in 2016. Carlyle has rolled over its stake in the unit and will join the board of the newly merged company. Veritas CEO Greg Hughes will also join the board.

Why did Symantec sell Veritas? ›

Symantec intended to use proceeds from the Veritas sale to compete in the cyber security market with companies such as Microsoft Corp , Intel Corp and Kaspersky Labs. Symantec acquired Veritas for $13.5 billion in 2005.

Who is the CEO of Veritas? ›

Greg Hughes is the Chief Executive Officer at Veritas. Greg is an industry veteran with more than 20 years of experience as an executive in enterprise software.

What is Veritas new name? ›

We are pleased to confirm that Veritas Investment Partners is now Meridiem Investment Management.

What does Veritas make? ›

Today, with 250 products and more than 100 patents in lines that include woodworking planes, sharpening equipment, marking and measuring tools, router tables, drilling accessories and more, Veritas has become a leading developer of products for discerning woodworkers.

How much did Veritas sell for? ›

In 2014, Symantec announced that it would demerge its information management business as Veritas Technologies LLC, to focus on security. It was purchased as part of the demerger by the private equity firm The Carlyle Group for $8 billion in cash.

Is Veritas investment publicly traded? ›

Veritas Capital Fund Management L.L.C. is a private investment firm. The Firm invests in companies that provide critical products and services, primarily technology, and technology-enabled solutions.

Is Veritas private? ›

Veritas Capital is a private investment firm with over two decades of experience. We have completed more than 100 acquisitions.

What is the largest private fund in the world? ›

Private equity titan Blackstone is the top in the United States and the world, raising $125.6 billion in capital from 2018 to 2023. Headquartered in New York, Blackstone's total assets under management stood at $991 billion as of the first quarter of 2023, and have since surpassed $1 trillion this year.

Who is Ramzi Musallam? ›

Ramzi Musallam, CEO and managing partner of Veritas Capital, has earned the coveted 2024 Wash100 Award for his continued exceptional leadership of one of the most influential investment firms within the government contracting industry and for his unwavering commitment to supporting government missions in national ...

What is the latest fund of Veritas? ›

Veritas Capital, a leading technology and government investment firm, announced today the successful final close of its latest flagship fund, Veritas Capital Fund VIII with $10.65 billion of aggregate committed capital.

What does Veritas provide? ›

It specializes in storage management software including the first commercial journaling file system, VxFS, VxVM, VCS, the personal/small office backup software Backup Exec and the enterprise backup software, NetBackup.

What does Veritas Group do? ›

Veritas Group is a full-service communications and production firm collaborating with clients in all industries, ranging from start-ups to corporate brands.

Who are Veritas Finance competitors? ›

Top 10 Veritas Finance competitors
  • Lendingkart.
  • Red Fort Capital.
  • ARTH.
  • Equitas Small Finance Bank.
  • Prayaan Capital.
  • KredX.
  • Power2SME.
  • SwitchMe Technologies.

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