Office of Strategic Capital Posts Application for National Security Fund Finance Program

The Department of War’s Office of Strategic Capital (OSC) is pleased to announce the formal Notice of Funding Opportunity (NOFO) for OSC’s National Security Fund Finance (NSFF) program which will be posted on the Department’s website on August 19, 2026.

OSC’s National Security Fund Finance program aims to provide capital support to credit funds addressing shortages, gaps, and vulnerabilities in critical minerals vital to United States national security. The OSC’s mission is to advance these strategic interests by providing direct loans and deploying other financial tools. The NSFF program acts as the fund-level financing solution to accomplish that goal.

The One Big Beautiful Bill Act, signed into law by President Donald J. Trump, provided funding for OSC to support critical minerals and materials. The NSFF program will provide loans to qualified investment fund managers, who will combine OSC loans with private capital to invest in portfolio companies focused on addressing U.S. national security shortages related to critical minerals and materials.

The NSFF NOFO application will be available for download at SAM.gov on August 19, 2026.  Complete proposals must be submitted to OSDRE-NationalSecurityFundFinanceSubmissions@groups.mail.mil by 5:00 p.m. EDT on November 1st, 2026.  The OSC reserves the right to extend any deadline(s), make one or more award(s) at an escalated timeline, or have dialogue with applicants during the period between proposal submission and the finalization of award decisions. Questions regarding NSFF can be addressed to OSDRE-NationalSecurityFundFinanceSubmissions@groups.mail.mil.