Defence no longer simply represents a tactical trade but instead looks set to become a core allocation in portfolios. This shift has been driven by political consensus, structural shortages and evolving ESG frameworks.

Private markets have long rewarded investors willing to accept complexity and limited visibility in exchange for differentiated returns. But as the technological context and investor expectations evolve, opacity is no longer viewed as an inevitable feature of the asset class. Increasingly, transparency itself is becoming a competitive advantage, powered by data infrastructure and AI-enabled intelligence.

Latin America and the Caribbean are experiencing renewed economic importance, driven by strong commodity exports, growing demand for critical minerals, and shifting global trade and investment dynamics. Spanning from Mexico and the Caribbean to Argentina and Chile, the region benefits from vast natural resources and increasing geopolitical relevance, positioning it for sustained growth despite global uncertainty.