Matt Miller

A lot of our peers just don't focus on this area because it is too complicated.

And those that we do compete against tend to be more mid-market firms, which as a global private equity firm with a global footprint, with the resources we have, it's easier for us to differentiate when we're looking to court a founder of a business that he should partner with us.

That was Ian Fujiyama, head of aerospace defense and government services at Carlisle on navigating regulatory landscape.

Sources tell Bloomberg Carlisle is reaching out to investors about a potential defense-focused fund.

Carlisle representative declined to comment, but we want to get more on this report with Bloomberg's private equity reporter, Allison McNeely.

She joins me here on set in Studio One at 731 Lex.

Allison, great to have you on the

on the program.

This is really about more than defense, right?

It's about, at least what we think, we know, Carlisle investing in kind of rebuilding the industrial base.

Exactly.

It's sort of being pitched as a defense and a reindustrialization fund.

And that actually has a lot of connectivity with defense in general, right?

We've seen the U.S.

Army, they have this big push for $150 billion in capital to invest in infrastructure.

We saw that they, you know, entered into exclusivity to negotiate with KKR and Carlyle and data centers last week.

So this has really been an emerging theme of private capital kind of coalescing around defense and industrialization.

Private capital getting into it big, but Carlisle specifically has deep roots in defense.

What's different about this go-around?

What is different about this go-around is we sort of, in the past, defense, as I understand it, has been somewhat boom and bust or wax and wane, you know, depending on really who's in the government and what kind of push there is to invest in defense.