Deep Sector Focus in Aerospace & Defense
Our industry expertise spans over 75 years. During that time, we have observed the global aerospace market evolve across a time horizon defined by key inflection points and compounding growth. As a result, we have aligned our investment focus to capitalize on key trends that will define the market for decades.
Diversified Market Approach
Commercial Aviation
Commercial Aviation
Commercial Aviation
Our investment thesis in commercial aviation market hinges on the following key trends:
- Commercial aviation has experienced exponential growth from its infancy in the 1940s through the dawn of the jet age to present day.
- Rapid urbanization in emerging markets is driving new economic growth. As people enter the urban middle class, their propensity to travel increases dramatically.
- Robust growth is expected to continue, especially in regions such as Asia-Pacific as these economies expand and more people begin to travel.
- In the next 20 years, single-aisle airplanes will comprise over 75% of the global passenger jet fleet.
Defense & Space
Commercial Aviation
Commercial Aviation
Our investment thesis in defense & space is based upon the following key trends:
- Geopolitical tensions are continuing to intensify.
- NATO countries are increasing defense budgets to counter Russia and suppress geopolitical tensions in the Middle East and North Korea.
- Near-peer rivals such as India and China are ramping up defense spending to balance against enduring security threats.
- Demand for military equipment is on the rise, driving defense spending across the globe.
- Defense spending for the U.S. military continues to rise fueled by a whopping $30B in annual recurring spend in one target sector alone.