In January, Veritas was listed as the private equity industry’s fourth-best-performing firm by the closely followed HEC–Dow Jones ranking (see below), ahead of high-flying firms like Thoma Bravo, Vista Equity Partners and Clayton, Dubilier & Rice.īEST IN BUYOUTS Private Equity Is A Notoriously Secretive Business-which Makes It Hard For Outsiders To Assess Which Firms Are Outperforming. “These are government-influenced markets, no doubt about it, and being close to how the government thinks about those markets enables us to understand how we can best invest.” “I and the firm maintain a very close proximity to government because government is at the forefront of all the complexities and issues that confront us,” says Musallam, sitting in his Manhattan office, whose broad views of Central Park mark it as distinctly distant from Washington, D.C. While many buyout firms try to avoid investing in areas affected by government interference, Musallam’s strategy hinges on understanding what the most influential player in the global economy will do next. America’s $6.8 trillion worth of annual spending and sweeping regulatory power give it unparalleled sway in these markets. Musallam produced this track record by focusing on technology companies that operate in sectors dominated by the United States’ federal government, particularly defense, health care and education. At 53, Musallam finds himself worth an estimated $4 billion, good enough for a debut appearance on this year’s Forbes 400. The funds have lost money on only a single investment ($87 million on a solar panel company in New Mexico), and since Musallam took over, Veritas has distributed $12 billion to its investors. Nearly a decade later, Veritas Capital’s assets have grown from $2 billion in 2012 to $36 billion today, and its funds have generated staggering net internal rates of return of 31%. Years later, the hasty deal would produce bad blood-and a lawsuit-between Musallam and McKeon’s family.īut these maneuvers laid the foundation for a stunning Wall Street success. He also cut a deal with McKeon’s family that would transfer ownership of McKeon’s majority stake in Veritas, mostly to Musallam. Instead, Musallam persuaded them to bet on him. McKeon’s death meant they suddenly had the right to tear up their commitments to fund Veritas’ deals. ![]() The morning after the suicide, Musallam began holding emergency meetings with the company’s investors. on weekends.Musallam had come onboard in 1997 and was Veritas’ second-highest-ranking executive. You can watch Angela’s reports weekdays at 4 p.m., 5 p.m. Have any recommendations? Send her an email!Īngela is excited to be calling Sacramento her new home, and can’t wait to explore everything it has to offer. Angela also loves going on road trips, and exploring the food scene wherever she goes. She loves to hike scenic trails, play water sports and practice her shooting at the gun range. ![]() Being involved with the community is something Angela enjoys and is passionate about.Īngela loves to spend her free time with her family and friends, and in the outdoors. Angela has worked extensively with One Safe Place and the Good News Rescue Mission. Angela’s stories have been featured on NBC News and other TV news channels across the country.ĭuring her two years in Redding, Angela didn’t just tell peoples’ stories she became part of the story. Angela also extensively covered the drought and Lake Shasta’s declining water levels. She covered several high-profile cases around Shasta County, including missing baby Ember Graham, the storage bin child murders in 2015 and the Shane Miller case. Learning from some of the best in the business, Angela’s news experience landed her an on-air reporting position at KNVN/KHSL’s Redding bureau in 2014.Īngela was a one-woman band in Redding she shot, edited and wrote all her stories. Angela credits the mentorship she received at KTVU and KPIX for her achievements, along with her passion for giving a voice to the unheard.Īfter graduating from SF State in 2011, Angela quickly worked her way up from an intern to a news writer at KPIX in San Francisco. ![]() There, she also received the highest honors from the Broadcast Education Association for her investigative storytelling. She is thrilled to have the opportunity to continue her storytelling career in her home state.īorn and raised in the Bay Area, Angela attended San Francisco University’s Broadcast Journalism program, where she graduated Magna Cum Laude. Angela Musallam joined CBS13 in March 2016 as a general assignment reporter.
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