Advent Earmarks Up to $1 Billion for Defense Tech Bets

Understand this faster with AI
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Advent is planning to invest as much as $1 billion in the defense sector as global tensions rise, one of the firm’s managing partners said in an interview on Bloomberg TV on Wednesday. “We’ve deployed over $15 billion into mature defense companies to help them innovate and now the idea is to commit another $1 billion to help the innovators mature,” Advent Managing Partner Shonnel Malani said, confirming an earlier Bloomberg News report.
Tags
Source Information
Discussion
0 professional contributions
Sign in to join this professional discussion.
Be the first to add a constructive contribution.
