Defense-focused Hyperion Fund exceeds 150 million euro target within one year
• Hyperion is the first private equity in Europe specializing in defense, aerospace, and AIbased cybersecurity. It seeks to provide growth capital to emerging technologies companies from the Atlantic Alliance, with a potential role in the European industrial consolidation and interoperability.
• This pioneer fund was launched with the ambition to bridge the gap between middlemarket suppliers of dual use technologies and the prime contractors. Moreover, it aims to contribute the reinforcement of Europe’s technological sovereignty and security selfreliance.
• The fund’s founding team includes former Spanish presidential candidate Pablo Casado, defense industry experts Joaquín Ortiz and José Antonio Bartrina, and financier Ricardo GómezAcebo. Principal Daniel Lorrain joins from CapitalOne, and associates Juan Muñoz and Marina Quintero, from Citibank and Banco Santander.
• Hyperion Fund is managed by Singular Bank Asset Management SGIIC, partner of Warburg Pincus, with more than 12 billion euros of assets under management. The anchor investor is Nortia investment holdings, a relevant shareholder in listed companies such as Sacyr or Merlin.
• The fund’s international advisory board features statemen such as former NATO Secretary General, Anders Fogh Rasmussen; former U.S. Under Secretary of State, Paula Dobriansky; former French Minister of Defense and Foreign Affairs, Michèle Alliot; and prominent investors such as Martín Varsavsky (Spain), Richard Hurowitz (USA), Nicole Junkermann (Germany), and Ilan Leiferman (Israel).
• The closing coincides with the meeting of its advisory committee in Madrid, with former U.S. Under Secretary of State Paula Dobriansky, former Under Secretary of Defense and White House advisor Carlos Díaz Rosillo, and former Director of the Pentagon’s Defense Security Cooperation Agency, General Charles Hooper.
Madrid, January 8th, 2025.
Hyperion Fund FCR was approved by Spain’s National Securities Market Commission (CNMV) on January 19th, 2024. Less than one year later, the fund completed its third and final closing, raising €48.6 million last December. This followed a second closing of €48.5 million in November and an initial closing of €53.15 million in June. Capital was mainly raised from European institutional funds, defense public listed primes, and security and aerospace private companies. This highlights the fund’s role in supporting the industrial and technological development of the sector in Europe.
Hyperion’s plans to invest a fourth of its capital within the next year, from its 200 companies’ portfolio. The growing strategy focuses to strengthen the international expansion and to boost their competitiveness in adjacent industries, including telecommunications, energy, mobility, and infrastructures.
The partners of Hyperion Fund with Paula Dobriansky Dualuse technologies traditionally came from the military, such as GPS, internet, laser, microwave, ultrasound or infrared technology. Nowadays, the private innovation is key for defense, such as artificial intelligence, drones, satellites, quantum computing, biometrics, and augmented reality.
Current market trends and geopolitical factors are driving a marked increase in European investment in defense, with sustained growth expected over the next decade, reinforcing the fund’s investment thesis and its outlook for strong returns.
