Defense Becomes Target in Private Equity Shift
Welcome to Going Private, Bloomberg's twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at private equity's U-turn on defense investing and Orlando Bravo's bullishness on dealmaking. Plus, another restructuring in private credit. If you're not already on our list, sign up here — Silas Brown
Have feedback? Email us at goingprivate@bloomberg.net
John Maynard Keynes famously changed his mind when the facts changed. Private equity investors are now doing the same.
Historically, investments in defense assets were a no-go for buyout firms, considered too cyclical and capital-intensive to invest in — and, crucially, fraught with ethical risk.
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