On January 8, Stephen Rodriguez, senior advisor at Forward Defense, provided commentary in a War on the Rocks piece entitled “In Brief: How Long Until Defense Tech Limited Partners See Returns?” Rodriguez offered that, “until major primes or service providers start acquiring venture capital fund portfolios, especially at enterprise values of $250 million or more, it will be at least a decade before limited partners are made under the current model.”

Forward Defense develops and shapes policy solutions that build US military power to deter war and secure the future.