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Boka Group Seeks $300 Million for Debut Fund Focused on #Defence and #Aerospace Tech having hired former UK defence minister Sir Ben Wallace. Boka Group, a leading private equity firm specialising in defence and aerospace technologies, is on the hunt for capital. Yesterday, they announced their intention to raise over $300 million for their inaugural fund, the Boka Group #Technology #Fund. While details regarding the current fundraising stage remain undisclosed, Boka Group boasts a global presence with offices in the US, London, and Australia. The firm strategically partners with individuals like former UK Defence Secretary Sir Ben Wallace, leveraging their expertise to identify and invest in growth-stage companies. Their focus is clear: to fuel technological innovation that strengthens national security, particularly within allied nations like those participating in the AUKUS and NATO partnerships. Boka Group isn't new to the game. Their website indicates a history of utilising holding company structures for investments in critical assets. Past investments include i-space's chemical propulsion business, Agile Space Industries, Adarga (specialising in artificial intelligence), and ALL.SPACE, a leader in satellite communications. The group has confirmed they have hired former UK defence minister Sir Ben Wallace. Wallace served as UK defence secretary from 2019 to 2023, a period that coincided with Russia’s invasion of Ukraine and the UK’s withdrawal from Afghanistan. According to a statement about his appointment, he will be part of Boka’s expanding leadership team and will help guide the firm’s direction in defence development, policy, military strategy and national security. “Threats are aimed not just at our militaries, but also our private sectors and infrastructure,” Wallace said. “If we are to stay one step ahead of our adversaries, then we need to invest in next-generation technology and learn from the current conflicts.” Wallace’s appointment is at least the second PE-politics hire this year, following that of former UK deputy prime minister Dominic Raab, who joined Appian Capital as a senior strategic adviser in February. #DefenceTech #AerospaceInvestment #NationalSecurity #AUKUS #NATO #GrowthEquity #PrivateEquity #SovereignResilience #TechnologyInnovation #DualUseInvestment

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