Defense Contracts, Debt Dynamics, and PE Dealmaking: A Deep Dive into Roll‑ups and Market Cycles

In this episode we unpack how private‑equity investors target fragmented defense software shops, what they gain from long‑term DoD budgets, and how the 1989 high‑yield collapse reshaped leverage norms. We also touch on recent fundraising trends among the giants, secondaries as a liquidity tool, tactical portfolio construction, and EQT’s Asian expansion—illustrating how valuation, debt structure, and operational execution intertwine across multiple stages of investment. Learn more about your ad choices. Visit megaphone.fm/adchoices