First Trust Capital Partners Acquires Direct Indexing Firm Veriti Management LLC

TMX Group Acquires Verity from Resurgens Technology Partners

October 1, 2025

Data & Analytics

TMX Group has acquired Verity, a research management software and data analytics platform, from Resurgens Technology Partners. The deal brings Verity's research workflow and data capabilities — used by more than 300 institutional investors — into TMX Datalinx to expand TMX's investment-grade data, insights and workflow tools for asset managers and other institutional clients.

Vanguard Acquires Just Invest to Add Direct Indexing Capabilities

July 13, 2021

Financial Services

Vanguard has entered into an agreement to acquire Just Invest, a tech-driven direct indexing and wealth-management platform that had surpassed $1 billion in assets under management. The acquisition brings Just Invest's customizable direct indexing technology (Kaleidoscope) and team into Vanguard to expand its advisor-facing capabilities and offer tax-managed, personalized portfolios to financial intermediaries and advisors.

Simplicity Group Holdings Acquires Verity Asset Management

July 16, 2025

Financial Services

Simplicity Group Holdings has acquired Verity Asset Management, a Durham, North Carolina-based registered investment adviser founded in 1996. Verity's leadership team will join Simplicity as partners as the firm integrates Verity's wealth management and 403(b) practice to expand Simplicity's client base and service offerings.

KKR and Veritas Capital Recapitalize Cotiviti

May 2, 2024

Healthcare Services

Cotiviti completed a business recapitalization with investment funds managed by KKR and affiliates of long-standing owner Veritas Capital, with KKR and Veritas becoming equal co-sponsors. The transaction provides Cotiviti with additional capital to accelerate innovation, commercial expansion, new product development, and technology investments. Cotiviti is a healthcare data analytics and technology business serving health plans and select retail customers with integrated SaaS and managed services.

Pathstone Acquires Veritable LP

July 17, 2023

Wealth Management

Pathstone has acquired Veritable LP from Veritable’s management partners and Affiliated Managers Group, adding Veritable’s ~87-person team and over $17 billion in client assets across roughly 200 clients. The deal brings Pathstone’s assets under advisement and administration to more than $100 billion and strengthens its position as a leading independent RIA serving ultra-high-net-worth families.

Veritas Capital Acquires Campus Management and Edcentric from Leeds Equity Partners

March 2, 2020

Education

Veritas Capital has acquired Campus Management and Edcentric from Leeds Equity Partners, with Leeds remaining as an investor alongside Veritas. The transaction brings together two mission-critical higher-education software platforms — Campus Management's cloud-based SIS/CRM/ERP solutions and Edcentric's institutional effectiveness and engagement SaaS products — to support expanded investment and product development for colleges and universities.