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GREENWICH — James O’Keefe grinned as he strode to the microphones outside the Cos Cob School on Wednesday night, ready to taunt the mainstream media and accept the fulsome praise of Leora Levy, the Republican nominee for U.S. Senate.
A liberal had been exposed. A hidden-camera had caught an assistant principal from Cos Cob boasting over drinks in a restaurant to a woman about how he screened against conservatives in hiring teachers. Devout Catholicism was one red flag.
By the end of the day, the assistant principal, Jeremy Boland, was suspended from the elementary school, at least two investigations seemed certain, condemnations rained down from elected officials of both parties, and conservatives had an I-told-you-so moment about politicization in schools.
Project Veritas had struck again.
[RELATED: AG Tong opens civil rights investigation of Project Veritas allegations]
Run by O’Keefe with an annual budget that recently topped $20 million, the conservative organization delights in embarrassing liberals and taunting the press with quick-cut video exposés that critics say often rely on recordings that are manipulated or presented out of context.
Project Veritas, a non-profit based in Mamaroneck, N.Y., was recently implicated by federal prosecutors in the theft of a diary belonging to the daughter of President Joe Biden, according to The New York Times. Authorities executed a search warrant at the homes of several Project Veritas employees, including O’Keefe, the Times reported.
“Journalism matters,” said O’Keefe, who was invited to speak by Levy. To the gathered press, he added, “This is real investigative reporting. And if all you guys were doing your jobs, there wouldn’t be a need for people like me.”
As is his practice, O’Keefe declined to answer questions about how an obscure elementary school administrator had come to be a target of Project Veritas or share the context for what led to seemingly damning admissions of intolerance and bigotry.
“If you’re lying, cheating, stealing, scamming the taxpayers or lying to the parents of Connecticut, we will find you, we will film you and then we’ll make you famous,” O’Keefe said.
On the video, a woman off camera is heard praising Boland for shaping the faculty who will shape the children of Cos Cob.
“And then later down the line, they’re gonna vote Democratic, and you will have done a great service to our country,” she says.
Boland nods as he sips a drink.
“I hope,” he replies.
Vouching for O’Keefe on Wednesday night was Levy, the surprise winner of the Republican primary for U.S. Senate following her endorsement by Donald J. Trump, a public fan of O’Keefe’s style and provocation.
“I have always known James to be an honest man and in his many cases against him, he’s won every case against him,” Levy said before the rally-cum-news conference outside the Cos Cob School.
Jayme Stevenson, the former Darien first selectwoman who is the GOP nominee for Congress in the 4th District, said she did not need more context to know that Boland’s conversations over drinks were objectionable. She saw no manipulation.
“It didn’t look to me like his arm was being twisted,” Stevenson said. “He seemed to be enjoying himself.”
One after another, Republican candidates for U.S. Senate, Congress, state Senate and the state House took turns praising O’Keefe for exposing what they say conservative parents intuitively already knew.
“He has proven what many of us suspect, that there is bias and bigotry that we cannot tolerate inside our school system,” said Peter Sherr, a former school board member running for the state House. “I’d like to think that it’s isolated to Mr. Boland. After serving 12 years on the board of education, I can say with a high degree of confidence that Mr. Boland is not alone.”
State Rep. Kim Fiorello, R-Greenwich, chided the press.
“So you are all here because this is bombshell breaking news to you,” Fiorello said. “But this is not bombshell breaking news to so many parents in Greenwich and parents across our state, who for months have been sounding the alarm. You have been ignoring them.”
Unclear was the actual extent of Boland’s influence over hiring as an assistant principal, or whether Boland was trying to impress a woman on a date.
Off to the side stood Fred Camillo, Greenwich first selectman. He had already denounced the comments made by Boland and promised an investigation, most likely by outside counsel. But he did not address the crowd. Camillo said he was confident that an independent investigation could restore public confidence.
“There will be a silver lining here,” he said. “We have to find it.”
The 12-minute video story narrated by O’Keefe used snippets of what appeared to be at least three conversations, all over drinks at a bar or restaurant, to make the case the educator was bigoted and biased against conservatives.
In one video exchange, Boland talks to his companion about the influence of parents.
“Do we work for the parent or do we work for the kid?” Boland asks.
“You tell me,” the woman says.
“We work for the kid,” he replies.
Sen. Ryan Fazio, R-Greenwich, said the exchange was most damning.
“There is no place for political indoctrination and radicalism in our classroom, or elsewhere in our government,” Fazio said. “The greatest offense that we saw on that 12 minute video was without a doubt, the notion that our public education system does not answer to parents.”
The video was posted Tuesday. On Wednesday, the superintendent, Toni Jones, emailed staff and parents about it.
“Late last evening, we were made aware of a video that had gone viral with a current administrator from Cos Cob School,” she wrote. “We intend to do a full investigation and until that time, we will not make any public statements. We ask that you respect the investigation process during this time.”
The office later announced Boland had been suspended.
Others were quick with denunciations, including Levy’s opponent, U.S. Sen Richard Blumenthal.
“This country was built on religious tolerance,” Blumenthal said on Twitter. “Religious discrimination is inexcusable and illegal. Of course I support a full investigation.”
“Discrimination of any kind has no place in our community or in our school system,” said U.S. Rep. Jim Himes, D-4th District. “I have full faith this matter will be investigated thoroughly by the State Department of Education and Greenwich Public Schools and that all parties will be held accountable.”
“Discrimination of any kind has no place in Connecticut, especially in our public schools. This is not aligned with our Connecticut values,” Gov. Ned Lamont said. “The Connecticut State Department of Education is aware of the incident, has been in contact with Greenwich Public School administrators, and is monitoring the situation’s progress.”
Chris Healy, the executive director of the Connecticut Catholic Public Affairs Conference, said the state needs to do more.
“We are disappointed that it’s just monitoring. This deserves an investigation,” he said.
Republican gubernatorial candidate Bob Stefanowski, who did not attend the news conference here, said he was “deeply troubled and, frankly, angry” by the video.
Lamont already had issued his statement when Stefanowski challenged him to “speak out and denounce this kind of garbage in our schools immediately, even if it offends his far-left base. When I’m governor, this radical behavior in our public schools will not stand.”
Rep. Sean Scanlon, D-Guilford, the Democratic nominee for comptroller, said Project Veritas has “a very dubious and highly questionable reputation and uses very sort of devious tactics to get these videos,” but the comments were indefensible and worthy of investigation.
“But I think it is a mistake for anybody to jump to conclusions and say, ‘Here is the smoking gun,’ that this is the widespread belief of the predominant majority of educators in Connecticut,” Scanlon said.
House Minority Leader Vincent Candelora, R-North Branford, said in an emailed statement that “parents deserve to know whether the attitudes displayed in the video lie solely with this school administrator or whether there is a systemic issue at hand.”
Veritas Capital said Wednesday it drew in $10.65 billion in commitments for Veritas Capital Fund VIII, its latest flagship fund. The pool was “significantly oversubscribed” with demand exceeding its hard cap and initial target of $8.5 billion, the firm said. The flagship fund comes three years after Veritas Capital Fund VII closed with $6.5 billion in commitments. Veritas CEO and managing partner Ramzi Musallam said the firm plans to pursue “a growing set of opportunities” in healthcare, education, and national security.” Past investments by Veritas include Houghton Mifflin Harcourt Company, Coronis Health, Grant Thornton Public Sector, and Chromalloy.
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Veritas Capital closed its eighth flagship fund, Veritas Capital Fund VIII, at $10.7 billion.
The buyout fund was "significantly oversubscribed," as demand exceeded its hard cap and initial target of $8.5 billion, Veritas said in a Wednesday release.
The fund received commitments from a "combination of new and existing investors from across the globe, including leading institutions, endowments and foundations, family offices, and pension plans," the release noted.
Investors in Fund VIII include the $7.2 billion Philadelphia Public Employees Retirement System; the $100.4 billion Oregon Public Employees Retirement Fund, Salem; the $24 billion Montana Board of Investments, Helena; the $43.1 billion Pennsylvania State Employees' Retirement System, Harrisburg; and the $365 million Adams County Retirement Plan, Brighton, Colo.
The prior fund, Veritas Capital Fund VII, closed at $6.5 billion in 2019 and was also significantly oversubscribed, with demand exceeding its hard cap and its initial target of $5 billion, according to a Veritas release dated Oct. 15, 2019.
Veritas Capital has more than $45 billion of assets under management and invests in companies "that provide critical products, software, and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide," the Wednesday release added.
SINGAPORE, Oct. 14, 2022 /PRNewswire/ -- Veritas, a leader in multi-cloud data management, has announced a significant investment in its go-to-market strategy across its International Region, with the appointment of a new cloud-specialist team focused on Africa, Asia, Europe, Middle East and Pacific. Lead by Mark Shephard, International Cloud Sales Leader, and Paul Hollebon, International Cloud Pre-sales Leader, the team of sales and technical-sales certified will support Veritas' new and existing customers as they look to expand their data management provision across new and complex cloud environments and move to Autonomous Data Management.
The new team will include Vic Ciencia and Abhishek Saxena who will be responsible for driving cloud-based activity for Veritas in the Asia South and Pacific region.
Andy Ng, Vice President and Managing Director for Asia South and Pacific Region at Veritas, said: "The current hybrid working model has been made possible with the adoption of cloud services and use of cloud collaboration tools. However, businesses are playing catch-up with the post-pandemic work practices to manage the soaring volumes of data created across different cloud storage locations. The additional support provided by the new cloud-specialist team would help our customers and partners across the Asia South and Pacific region to optimise cloud footprint and costs, and keep data safe from threats such as ransomware."
Mark Shephard, International Cloud Sales Leader at Veritas, said: "Organisations everywhere have accelerated their adoption of cloud-based collaboration solutions, doubling down on multi-cloud initiatives to meet immediate business demands. This has paved the way for complex hybrid infrastructures that delivered on accessibility, flexibility and scalability but has introduced governance challenges and ballooning costs as data becomes increasingly siloed across environments. Our new cloud-specialist team is here to help Veritas customers address those challenges with a diversity of insights in addressing data management challenges from edge to core to cloud."
Shephard's own experience is built on 25 years as a leader in the IT sector, driving success at companies such as Zscaler, Symantec and Barclays. His most exact role before joining Veritas was at Amazon Web Services, where he led an international team of 40 to support global customers. A Veritas employee earlier in his career, Shephard returns to the company having augmented his significant data management prowess with ten years of cloud experience.
Paul Hollebon, International Cloud Pre-sales Leader at Veritas, said: "Veritas is committed to the path of freeing our customers from the operational burden of data management. Autonomous Data Management, powered by the cloud, will bring value to existing and new customers looking to complement their internal teams' routines with technology that provides an autonomous approach to data protection, secondary data management and archiving across the multi-cloud data estate. Providing coherent technical guidance aligned to a customer's cloud vision is what this team is here to do."
Hollebon joins Veritas from Commvault, where he led the EMEA Field Advisory Services Team, an international group of certified that provided advanced technical presales support for Commvault's largest and most strategic customers in some 20+ countries.
With 20 years' experience in the IT industry, Hollebon has also led pre-sales and specialist teams at Dell EMC in the Netherlands, enabling a breadth of digital transformation initiatives across data management, virtualisation and infrastructure solutions.
The Veritas cloud-specialist team is in place today and supporting customers and partners across the region.
Veritas Technologies is a leader in multi-cloud data management. Over 80,000 customers—including 95% of the Fortune 100–rely on us to help ensure the protection, recoverability, and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor is able to match Veritas' ability to execute, with support for 800+ data sources, 100+ operating systems, 1,400+ storage targets, and 60+ clouds through a single, unified approach. Powered by our Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value. Learn more at www.veritas.com. Follow us on Twitter at @veritastechllc.
Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries.
SOURCE Veritas Technologies
Veritas Capital has raised $10.65 billion in capital commitments for its eighth fund to further support its strategy to invest in technology companies that provide critical services and products to government and commercial customers.
The New York-based government investment firm said Wednesday Fund VIII closed within a year and was oversubscribed, surpassing its initial target and hard cap of $8.5 billion.
Ramzi Musallam, CEO and managing partner of Veritas Capital, said the raise of Fund VIII demonstrates the strength of the firm’s strategy, approach and team to advance partnerships with tech companies that deliver products and services to government and industry clients.
“We look forward to pursuing a growing set of opportunities and continuing to make a positive impact across critically important areas, including healthcare, education, and national security,” added Musallam, a seven-time Wash100 awardee.
Veritas said Fund VIII will continue to use the private equity firm’s intellectual property and enable portfolio companies to pursue new business opportunities and expand reach into adjacent market segments.
In 2019, Veritas closed its seventh fund with $6.5 billion in capital commitments.
NEW YORK--(BUSINESS WIRE)--Oct 12, 2022--
Veritas Capital (“Veritas”), a leading technology and government investment firm, announced today the successful final close of its latest flagship fund, Veritas Capital Fund VIII (“Fund VIII”) with $10.65 billion of aggregate committed capital. Fund VIII was significantly oversubscribed, with demand exceeding its hard cap and initial target of $8.5 billion. Veritas Capital Fund VII closed on $6.5 billion in commitments in 2019.
Since inception, Veritas has identified and driven the transformation of more than 115 companies that provide critical products and services to government-related and leading commercial customers. Consistent with Veritas’ top-performing predecessor funds, Fund VIII will continue leveraging the firm’s proprietary intellectual property and applying its focused, successful playbook that has been in place over the last 25 years. The heart of the strategy is driving strategic and transformational growth across its portfolio companies, allowing them to target larger addressable markets, expand into adjacent market segments, capitalize on new and compelling business opportunities, and making them more valuable in their ecosystems.
“We are grateful to our global base of investors for their continued confidence, and we appreciate additional support from a number of new partners,” said Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas Capital. “The successful raise of Fund VIII demonstrates the enduring strength of Veritas’ differentiated team, strategy, and approach, enabling partnerships with technology and technology-enabled companies that provide critical products and services to government and commercial customers throughout the world. We look forward to pursuing a growing set of opportunities and continuing to make a positive impact across critically important areas, including healthcare, education, and national security.”
Fund VIII received commitments from a combination of new and existing investors from across the globe, including leading institutions, endowments and foundations, family offices, and pension plans.
Veritas has a robust track record of acquiring companies with significant growth potential, with notable exact investments including Houghton Mifflin Harcourt Company, Coronis Health, Grant Thornton Public Sector, and Chromalloy. The firm consistently ranks among the top-performing private equity fund managers.
About Veritas Capital
Veritas Capital is a longstanding technology investor with over $45 billion of assets under management and a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software, and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means. Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, and national security, is core to the firm. Veritas is a proud steward of national assets, improving the quality of healthcare while reducing cost, advancing our educational system, and protecting our nation and allies. For more information, visit www.veritascapital.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20221012005399/en/
Jenny Gore / Julie Rudnick
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: Veritas Capital
Copyright Business Wire 2022.
PUB: 10/12/2022 07:30 AM/DISC: 10/12/2022 07:32 AM
Copyright Business Wire 2022.
NEW YORK & COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Oct 13, 2022--
Veritas Capital (“Veritas”), a leading technology and government investment firm, announced today that an affiliate of Veritas has entered into a definitive agreement to acquire CAES Space Systems (the “Company”), a leading independent provider of high-reliability electronic solutions for space, defense, healthcare and industrial applications, from CAES. Mike Elias, Senior Vice President & Division General Manager, will continue to lead CAES Space Systems, alongside the rest of the leadership team. Financial terms of the transaction were not disclosed.
Headquartered in Colorado Springs, CAES Space Systems provides radiation hardened components, mission processing, cabling, wave guides, antennas and power management solutions. The Company’s track record of innovation, rich intellectual property portfolio and best-in-class engineering talent has enabled embedded, multi-decade relationships with blue-chip customers. With over 60 years of space flight heritage, CAES Space Systems and its products have had a presence on all historical major U.S. space platforms, with a 100% mission success rate.
“CAES Space Systems is uniquely differentiated by the breadth of its technical capabilities and segment expertise, as well as its long history of delivering critical solutions to customers,” said Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas. “Operating in space and defense markets supporting national security, CAES Space Systems is well-positioned to thrive as a standalone business under Veritas ownership. We will deploy our significant government technology experience working with Mike Elias and rest of the CAES Space Systems team to accelerate growth and value proposition to customers.”
“Through our focus on innovation and differentiated technology, CAES Space Systems has become the preeminent provider of space-qualified, mission-critical components and solutions,” said Mr. Elias. “We are excited to partner with Veritas, a premier government technology investor that brings deep domain expertise and knowledge of our end markets. I am confident that Veritas is the perfect partner for CAES Space Systems as we enter our next stage of growth.”
The transaction is expected to close in Q1 2023, subject to customary closing conditions and regulatory approvals.
Goldman Sachs & Co. LLC and Lazard Frères & Co. LLC are acting as financial advisors to CAES. Gibson, Dunn & Crutcher LLP is acting as legal advisor to Veritas in connection with the transaction.
About CAES Space Systems
CAES Space Systems is a provider of high-reliability (hi-rel), radiation-hardened (rad-hard) solutions for space applications. The Company has a complementary and integrated suite of mission-critical space electronics. Key products include rad-hard components, mission processing solutions, custom ASICs, motion control systems, waveguides, antennas, power management solutions, as well as cabling.
About Veritas Capital
Veritas is a longstanding technology investor with over $45 billion of assets under management and a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide critical products, software, and services, primarily technology and technology-enabled solutions, to government and commercial customers worldwide. Veritas seeks to create value by strategically transforming the companies in which it invests through organic and inorganic means.
Leveraging technology to make a positive impact across vitally important areas, such as healthcare, education, and national security, is core to the firm. Veritas is a proud steward of national assets, improving the quality of healthcare while reducing cost, advancing our educational system, and protecting our nation and allies. For more information, visit www.veritascapital.com.
CAES is a pioneer of advanced electronics for the most technologically challenging aerospace and defense systems. As the largest provider of mixed-signal and radiation-hardened technology to the United States aerospace and defense industry, CAES delivers high-reliability RF, microwave and millimeter-wave, microelectronic, and digital solutions that enable our customers to ensure a safer, more secure planet. On land, at sea, in the air, in space and in cyberspace, CAES’ extensive electronics and enhanced manufacturing capabilities are at the forefront of mission-critical military innovation. www.caes.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20221013005209/en/
CAES Space Systems:
Jenny Gore/Kevin Siegel
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK COLORADO
INDUSTRY KEYWORD: PROFESSIONAL SERVICES DEFENSE AEROSPACE MANUFACTURING FINANCE OTHER DEFENSE
SOURCE: Veritas Capital
Copyright Business Wire 2022.
PUB: 10/13/2022 04:00 PM/DISC: 10/13/2022 04:03 PM