Adir Capital and SLING Capital Selected to Establish Venture Capital Funds with State Guarantee
The Accountant General's Division in the Ministry of Finance and the Directorate of Defense Research & Development (DDR&D) in the Ministry of Defense announced the selection of Adir Capital from Idan Financial Instruments and SLING…
Assessment
Two investment firms won a government tender to run state-backed venture capital funds focused on advanced defense technologies. The Treasury's accountant general and the Defense Ministry's research unit picked Adir Capital and SLING Capital for the job. The funds will target strategic investments in defense-tech companies, aiming to reduce Israeli dependence on foreign supply chains. Watch whether these funds actually attract private co-investors, since state guarantees alone rarely build a thriving sector.