Veritas updated views 2026
Curious on updated thoughts on Veritas given the latest threads here are 2yrs+ old. Has there been any change in fund structure and culture or is it still an absolute sweatshop and miserable (although relatively prestigious?) experience for juniors? Also curious on other general factors like comp/career track/avg hours/exit opps. If one is looking for long-term careers in PE, would Veritas be the place to do so or do most people leave after a few yrs given hard to move up/rough culture? Would appreciate any updated views here
Top of the top funds by team and performance, would work here over a couple MFs. Team is insanely smart although still grindy and from what I've heard, comp is above street. Pretty sure promotion post-asso requires Bschool so would assume somewhat hard to move up but great shop nevertheless
“Would work here” lol congrats on ur last 4 years at Veritas brother
Top of street comp for PE (have friends there that have confirmed ridiculous numbers). team runs extremely lean even for pe. hours are long, culture is still old school (spoiler it is everywhere in large / mega cap PE). Fund 7 has some names that have not performed well but just raised a massive fund so clearly not an issue. Among the best places to start a career in PE today if you can handle an experience materially tougher than even the grindiest banking groups.
Any insights into how lifestyle changes at VP/principal/partner levels? Like do people have girlfriends or is Ramzi your gf at that point?
Have heard that VP lifestyle is still extremely tough, not sure about principals but assuming they also get worked given what we know about certain personalities there.
Open secret at Veritas is that Ramzi is your gf at all levels including partner. The partners and thus every level below him will bend to every whim. Ramzi runs the show, and everyone is happy to go along because well even if you get a lower % of the cut than at other funds it's made up for by great performance and growing fund sizes.
Fun pro of the firm: ping pong tournament that's firm wide where partners particpate. So at least you get to take it out on the partners if you are good at ping pong. It's the day most juniors and mid-levels look forward to outside of bonus day. Veritas is a firm with great returns where you learn a lot as a junior but has too many mid-levels, so hard to stand out / continue getting promoted to princpal and then MD.
Least disillusioned Veritas associate.
If you beat Ramzi in ping pong heard you get axed. Is that true?
Yes, confirmed
Important to remember the number 1 rule at Veritas; do not piss off Ramzi. The number 2 rule is do anything needed to make Ramzi like you. It's fine to beat him, there's a reason he doesn't win the tournaments, however you absolutely cannot humiliate him. Vista is a Robert Smith one man show, but his juniors handle the day-to-day, but at Veritas Ramzi does both.
At the end of the day, most PE firms have a dictator or two at the helm tbh (at least that's the case at my firm). I'd rather be working for a Ramzi type than be at a JAMMBO with middling performance and similar power dynamic
I agree with this, though i think very few have the mix of pain tolerance and talent needed to make it work at veritas. If you can, my complements.
Interviewed at Veritas early on in my stint in banking before I knew what I wanted and didn’t make it through (landed at another large cap fund). These guys are intense but you can tell they are good. While I think most high performing teams are intense, I don’t think working in a fear-culture is worth it though, especially when there are other good funds that don’t act like that (e.g., EQT, GTCR, Thoma, etc.)
Culture is bad in the context of large-cap PE funds. You will be surrounded by other people who read all of these insane comments, hear the stories, and decide the $$$ premium to a more reasonable PE firm is worth it.
If you don't have friends or relationships you care about it might be worth it.
This is a good take - from my understanding you make $$$, but pay dearly for it with your life. Not expecting to see friends here often (or ever) going forward.
How does working for Ramzi compare to working for Josh Harris?
what’s total comp? people keep saying TOS. could mean anything. not interested in getting grinded for $350k when APO makes $450k and chiller places make $325k.
which chill places offering 325K?
Pls point me to the chill place offering $325K lmao
Probably certain groups at TPG Growth or Great Hill
TPG is chill?
Lmaoooooo do u even work in finance
I said certain groups in growth not capital.
Yea and I’m calling you a retard Buddy
Ultimately there is a path to at least getting the VP promotion here, unlike many firms. The firm is doing very well, there is a clear differentiation to the many other JAMMBO's. For whatever you want to say about Veritas leadership, they are great investors. This is an apprenticeship business, and you are much better served learning from the great investors at Veritas over those at a public MF PE, where you have minimal access to the leadership, or some JAMMBO that hasn't raised a fund since the music stopped post-2021.
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