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.
That capital has supported companies including Cobham and Ultra Electronics, both of which Advent has since largely exited. The firm is now shifting its focus towards earlier-stage and innovation-led opportunities within the defence ecosystem.
Advent is also exploring a potential $4bn sale of its Ultra Maritime business, which develops anti-submarine warfare technologies, according to earlier reports. The process is expected to be led by JPMorgan and Guggenheim and could reportedly launch later this year.
The firm has continued to build its presence in the sector, including the $400m acquisition of Coherent’s aerospace and defence unit in 2025.
Geopolitical instability is driving private equity interest in defence across the board. Warburg Pincus is also understood to be evaluating plans to raise between €1bn and €1.5bn for a dedicated security-focused strategy.
