Advent International plans to deploy up to $1bn into next-generation defence technology investments, as rising geopolitical tensions drive increased investor focus on the sector, according to a report by Bloomberg.
Managing Partner Shonnel Malani said the firm is looking to back companies addressing long-term security needs and closing critical capability gaps. The move builds on Advent’s existing exposure to defence, where it has invested more than $15bn into established businesses since 2020....
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