Post by Anja Cavigilli

.... and a personal few observations and takeaways • While defence and dual-use are clearly the name of the game today, an LP with dedicated impact-investment pockets told us they are actively rethinking where to deploy this capital. Alongside focused specialists such as @KLIMA, they also see cybersecurity and critical infrastructure software funds like 33N Ventures as compelling options -> Times are changing. • Speaking of defence, and as some of my dear industry colleagues have already made posts, I was astonished—though not surprised, given the current geopolitical and economic tensions—that SuperReturn in Berlin has expanded well beyond the InterContinental, Pullman and nearby venues. It has now reached a scale where even the local police seem to be providing a layer of "defence" around it. • Last but certainly not least, many thanks to Lucille Bonnet Bastien Gambini from KLIMA and Carlos Alberto Silva from 33N Ventures, my great BD colleague Jose A. Parejo Alcazar, and everyone Alantra involved in making it such a successful and insightful week. It was great to reconnect with long-standing industry colleagues, investors, peers and friends—and, of course, to meet many new ones. ->Hasta la próxima!