Carlyle opens $3B defense push with Secturion buy
What's the deal? CarlyleDealroom has a profile for this one. Try Dealroom → has acquired Secturion SystemsDealroom has a profile for this one. Try Dealroom →, the first investment from the private-equity firm's new fund targeting medium-sized companies that sell to the government. Financial terms weren't disclosed.
Who's involved? CarlyleDealroom has a profile for this one. Try Dealroom →, the DC-based investment firm with $475 billion of assets under management, has been raising up to $3 billion for a platform focused on mid-market companies in aerospace, defense, and supply-chain resiliency, people familiar with the matter said.
What does Secturion do? Founded in 2012, the company makes hardware encryption technology that meets the NSA-1 designation, meaning it can transmit classified data across military systems. Its customers include the US NavyDealroom has a profile for this one. Try Dealroom → and Defense Logistics Agency, which manages the military's supply chain.
Why now? Ian Fujiyama, the fund's chairman, called Secturion a "compelling fit" for its first investment. Incoming chief executive officer Sean Berg pointed to rising demand: "As quantum computing advances and AI-enabled threats grow more sophisticated, the need for hardware-based, high-assurance encryption has never been greater."
The signal: Private-equity firms are racing to seize on rising military spending across the US and Europe. PE investments in global defense and aerospace companies exceeded $50 billion in 2025 — just shy of 2021's record — across a record 332 deals.
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