For Investors

Underwrite Defense With Conviction, Not Consensus.

Most investment teams still underwrite defense positions using consultant calls, founder narratives, and stale budget documents. Reacting to policy shifts instead of anticipating them.

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For PE, VC & sell-side teams

300+

Firms now actively invest in defense, up from <100 in 2017

$20B+

Defense PE/VC deal volume

18x

Growth in VC deal value over the past decade

The Gap

The market moved. Your research process didn't.

Contract losses are 6 to 12 months old by the time they hit earnings. Consensus estimates miss policy-driven inflection points. Management provides their own data. It's unverified.

Today's Workflow

×Consultant calls and conference hallway intel

×NAICS-based market sizing from pitch decks

×Contract ceiling treated as revenue

×3-week diligence sprints, manually assembled

×Portfolio monitoring via quarterly earnings

With HighGround

✓Budget-to-contract forward visibility

✓Obligation-built TAM/SAM from award data

✓Obligated revenue, scored and segmented

✓IC-ready briefs generated in hours

✓Continuous contract-level signal monitoring

What We Solve

Three jobs every allocator needs done.

Every conversation with a defense investor ties back to these three problems. HighGround was built to solve all of them.

01

Anticipate where federal capital is moving

Identify policy-driven capital flow before markets price it in. Budget intent modeling, program volatility detection, agency funding trajectory shifts.

Thematic investing with structural convictionSector timing based on budget trajectoryForward visibility, not lagging indicators

02

De-risk diligence in opaque markets

Avoid investing in companies structurally misaligned with federal behavior. Incumbent entrenchment, renewal bias, procurement preferences.

Validate management claims against award dataModel recompete risk before you commitEliminate narrative-driven blind spots

03

Strengthen IC conviction with evidence

Defend investment decisions with data, not narrative. IC-ready briefs, federal exposure summaries, competitive risk analysis, structural win-probability modeling.

Partner alignment on policy exposureLP confidence in diligence rigorInternal credibility for defense thesis

Two Modes

Same market. Different questions.

Private Equity

Underwrite the Downside

"Is this market durable? Is this company defensible inside it?"

Determine whether demand is structural or cyclical before committing capital

Map incumbency strength, contract depth, and renewal risk at the company level

Stress-test portfolio exposure against budget cuts and program cancellations

Auto-generate diligence memos and downside scenarios for IC

Venture Capital

Underwrite the Upside

"Is this market worth entering? Can this founder capture share?"

Validate structural demand before betting on a founder's TAM slide

Identify breakout patterns: accelerating award velocity, new customer acquisition

Distinguish companies riding a budget wave from those building durable positions

Benchmark trajectory and competitive positioning across similar-stage companies

Sell-Side Research

Cover 300 names. Catch inflection points first.

The coverage universe has tripled but your team hasn't grown. Defense is structurally harder to research than commercial sectors. Contract-level data isn't in any 10-K. You're spending most of your time stitching together data from four platforms instead of producing differentiated analysis.

One platform replacing the four you're stitching together today. Same-day contract award to client alert. Detailed citations for compliance. Speed to turn coverage around in hours, not days.

What Changes

The independent verification layer for defense capital.

01

3 weeks to 3 hours

Contract-level revenue data that doesn't exist in 10-Ks. Validate management claims against actual federal procurement data before your next IC.

02

See market structure, not just market size

Concentration dynamics, displacement velocity, regime classification. The analytical foundation for every thesis and IC memo.

03

Catch shifts before earnings

Budget trajectory changes, competitive displacements, and recompete timelines across every portfolio holding. Delivered continuously.

Resources