Government Services

Since its founding in 1999, Arlington Capital Partners has carved out a specialty in investing in companies operating in regulated, mission‑critical industries such as defence, aerospace, government services and healthcare IT. With Fund VII, the firm builds on its legacy by raising an unprecedented US$6 billion in commitments—a marked increase over its prior fund—demonstrating the strength of investor conviction around structural trends in national security, supply‑chain reshoring, and government‑technology modernization. Fund VII will deploy capital into platform investments across sectors including manufacturing and supply‑chain resiliency, mission‑critical government software, next‑generation defence technologies, cybersecurity, commercial aviation, advanced medical devices and healthcare IT. The fund aims to partner with management teams in companies with strong regulatory barriers, recurring government demand, and defensible business models, leveraging Arlington’s domain expertise in regulated markets. The geographic focus is principally in the U.S. and allied markets, consistent with the firm’s strategy of backing companies operating in the context of rising defence budgets and national‑security imperatives. By targeting assets in sectors with high certainty of long‑term demand and regulatory anchoring, the fund seeks to generate attractive returns while also aligning with public‑policy tailwinds. From a financial‑characteristics perspective the fund is targeting middle‑market companies—investments are expected to be in companies with enterprise values typically in the range of US$50 million to US$1 billion, and equity investments (platform check sizes) in the ballpark of US$200 million to US$500 million.

J.F. Lehman & Company (“JFLCO”)'s is a continuation fund for JFL Credit Opportunities I, L.P. Credit Fund I’s assets under management include new capital commitments as well as the portfolio of credit positions formerly held indirectly by JFL Equity Investor VI, L.P. and its affiliates (“Fund VI”) in high-quality, middle-market companies within the firm’s target industries (aerospace, defense, government, maritime, environmental and infrastructure sectors). Pantheon, a leading global private markets investor, acted as the lead investor, with StepStone Group also participating. JFLCO’s credit strategy is opportunistic in nature, spanning syndicated credit, secondary direct lending and distressed situations across the firm’s core industries.

Veritas Capital Fund IX is the latest flagship private equity fund from Veritas Capital, a New York-based firm specializing in investments at the intersection of technology and government. Launched in 2024, the fund has raised over $13 billion, exceeding its initial $10 billion target by 25%. This growth reflects strong investor confidence in Veritas's strategy of acquiring and transforming companies that provide critical products and services to government and commercial clients. The fund focuses on buyouts of mature, mid-sized companies primarily in the United States. Target sectors include aerospace and defense, healthcare IT, cybersecurity, and government services—industries characterized by high barriers to entry, long-term contracts, and consistent demand. Veritas aims to enhance these companies' value through strategic initiatives, operational improvements, and technological innovation. Veritas Capital Fund IX has attracted commitments from a diverse group of institutional investors, including public pension funds and insurance companies. The fund's strategy builds on the success of its predecessor, Fund VIII, which closed in 2022 with $10.65 billion in commitments. Veritas's proven track record in delivering strong returns positions Fund IX to capitalize on opportunities in sectors vital to national infrastructure and security.