Conservative Balance SheetZero financial leverage and a growing equity base provide durable resilience through market cycles. This preserves optionality to hold illiquid positions to maturity, supports follow-on funding or commitments, and limits bankruptcy/liquidity risk for a venture-style portfolio over the next 2–6 months.
Strategic SpaceTech ExposureA targeted mandate to early-stage and growth SpaceTech companies gives durable structural exposure to secular trends (satellites, launch, in-orbit services, data). As space-enabled services scale, the trust benefits from broad, long-term addressable-market growth across multiple subsegments.
Material Portfolio/corporate UpdatesLarge defense contract wins at portfolio companies materially de‑risk commercialization and backlog, improving valuation durability. Such structural wins increase exit probability and potential realizations, strengthening NAV trajectory and supporting long‑term return prospects.