OT Cybersecurity
Securing the operational technology that underpins critical infrastructure.
A structural focus, not a passing cycle.
OT Cybersecurity sits within Infrastructure Growth, a focus area of the Private Equity LP, the mission-critical infrastructure underpinning the modern economy. It is a sector that the Private Equity LP invests in directly, where demand is driven by structural change rather than sentiment.
Alrion approaches ot cybersecurity as a research problem before it is a capital allocation. We map the technology, the competitive landscape and the counterparties, integrating fundamental analysis with quantitative rigor before any commitment is made.
The opportunity is matched by complexity. Winners in ot cybersecurity are separated by a defensible edge, disciplined capital and operational execution. That is the terrain where our combination of research, structuring and independent governance is built to compound.
The places within OT Cybersecurity where capital compounds.
We do not chase the entire sector. We concentrate where the edge is durable, the demand is structural and our diligence is real, pairing conviction with the discipline to wait for the right entry.
Each focus area is underwritten against the same standard: a clear path to defensible economics, alignment with the strategy's mandate, and a structure engineered to protect capital.
- Founders and businesses in ot cybersecurity with a genuine, hard-to-replicate edge
- The enabling layers that underpin the broader ot cybersecurity value chain
- Companies translating validated science or engineering into commercial scale
- Business models with a credible path to durable economics
- Opportunities where our diligence and network add measurable advantage
Conviction underwritten by research and rigor.
Two convictions shape how Alrion underwrites ot cybersecurity: that the demand is structural, and that a defensible edge is the difference between a durable investment and a fleeting one.
We believe the most durable returns in ot cybersecurity accrue to companies that solve a hard problem in a defensible way, and that the firms able to identify them early are those willing to do the deep technical and quantitative work. Our process is built for exactly that.
Every commitment in ot cybersecurity is made through the Private Equity LP, a separate Delaware Limited Partnership with its own investment committee and risk framework, so conviction is challenged before capital is committed.
One strategy, one disciplined mandate.
Alrion invests in ot cybersecurity through the Private Equity LP, choosing the stage and structure that best fit the opportunity.
Scale
Growth capital for established businesses with $10M–$100M in revenue and investment-grade counterparties.
Value creation
Clear operational levers, from professionalization to modernization, underpin every ot cybersecurity thesis.
Economics
Structured with an 8% preferred return and 20% carried interest, aligning our interests with our partners.
Explore the rest of Infrastructure Growth.
Position with conviction in OT Cybersecurity.
Speak with our investment team about how the Private Equity LP approaches ot cybersecurity.