TLDR:
- The U.S. government is the largest tech investor in the world, investing more than all venture capital combined.
- Veritas Capital’s Brendan Dillon discussed the intersection of government and technology at the Israel Private Markets Summit.
Brendan Dillon, Partner at Veritas Capital, spoke at the Israel Private Markets Summit, highlighting the U.S. government’s significant investment in technology, surpassing all venture capital investments combined. Veritas Capital, with a focus on sectors such as defense, education, sustainability, and healthcare, has seen success with its portfolio companies generating revenues of $23 billion driven by government contracts. The firm, managing around $40 billion in assets, has been recognized as the best-performing buyout fund in the PE industry for 2023 by Preqin. The summit, attended by industry leaders and decision-makers, emphasized alternative investment opportunities in various sectors and was co-sponsored by reputable organizations like Jefferies and Clifford Chance.
