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The defense sector is emerging as a prime asset class among allocators. Rising defense budgets, evolving procurement mandates, and accelerating investment in next-generation capabilities are creating a deep pool of capital that can translate into genuine capability gains if invested strategically. Governments are actively pulling private capital into the sector, and a new generation of defense companies are scaling to meet today's technological demands. Where is capital flowing, and on what terms, controls, and co-investment structures? How do investors build portfolios that balance regulatory frameworks against rapid innovation cycles creating genuine capability gains? This private session brings together investors, defense tech founders, and senior industry leaders to map the capital opportunity across the global defense and security landscape.