Billionaire hedge-fund manager Steven Cohen has built one of the most successful investment firms on Wall Street.
Cohen’s fund, Point72 Asset Management, manages nearly $40 billion in assets and has a reputation for backing huge, winning trades.
But here’s what’s interesting. Despite his dominance in the public markets, Cohen is steering more and more capital into private markets.
And now he’s zeroing in on one of the hottest and most urgent sectors of all:
Defense Technology.
The “Deterrence” Fund
According to a recent report from Bloomberg, Cohen’s Point72 is in the process of raising a $400 million fund dedicated to Defense Technology, which includes defense-adjacent sectors Space, Energy, and Security.
He’s calling it the Deterrence Fund.
To show how serious he is, Cohen is personally committing $100 million of his own money.
This move highlights two key trends that investors like us can’t ignore:
First of all, the best opportunities are shifting away from the public markets… and into private startups.
And secondly, defense, energy, and security aren’t just growth sectors — they’re urgent global priorities.
Why Now?
The need for innovation in defense technology has never been greater.
- Wars in Ukraine and the Middle East are straining military systems worldwide.
- NATO countries are under pressure to spend more on defense.
- And future conflicts will look nothing like the old ones.
As Point72 wrote recently:
“The opportunity in defense tech investing isn’t just bigger than it was in 2023 — it’s more urgent. AI, autonomy, and software-first systems will redefine modern conflict with their prioritization of agility over mass and scale.”
In other words, massive defense contractors like Lockheed Martin and Boeing still matter — but they’re too slow, too bureaucratic, and too risk-averse to keep pace with today’s realities.
Startups, on the other hand, are nimble. They can rapidly prototype drones, autonomous vessels, advanced sensors, and new energy systems.
That’s why Point72 has already backed companies like Shield AI (now valued at $5.2 billion, up more than 10x from where it initially invested), and rocket startup Stoke.
And it’s why Cohen is doubling down with a dedicated fund.
What This Means for You
Of course, Cohen isn’t doing this for charity. Point72’s new fund will charge its investors hefty fees: a 2% management fee plus 20% of the profits.
And unless you’re an ultra-wealthy insider, you won’t be invited to invest anyway.
But here’s the good news:
The same tailwinds driving Point72 into these sectors are available to you.
At Crowdability, we believe ordinary investors should have access to the same kinds of opportunities that Wall Street billionaires are chasing.
That’s why, in the months ahead, we’ll be showing you how to invest in early-stage startups focused on:
- Defense Tech – from AI-powered drones to cybersecurity systems.
- Space – including satellites, propulsion systems, and communications networks.
- Energy – new ways to generate, store, and deploy power in the field.
- Security – technologies to keep nations, businesses, and individuals safe.
These aren’t just “nice-to-have” innovations. They’re existential. Which means governments and corporations will be forced to adopt them — and fast.
The Bottom Line
When one of the world’s most successful hedge-fund managers commits $100 million of his own wealth into a new strategy, it’s worth paying attention.
Cohen understands that the future of investing lies in private markets. And he knows that the most urgent opportunities lie in defense, space, energy, and security startups.
At Crowdability, we’re here to make sure you don’t miss out.
Stay tuned — we’ll be showing you how to invest in these same sectors, right alongside the biggest names in finance.
Because this opportunity isn’t just bigger than it was before…
It’s also far more urgent.
Best Regards,
Founder
Crowdability.com
