Investment Fund
Financing

Office of Strategic Capital

National Security Fund Finance Program

The National Security Fund Finance (NSFF) Program is a fund-level financing solution to increase private capital investment in critical technologies vital to U.S. national and economic security with an emphasis on critical minerals and munitions supply chains. The NSFF Program provides loans to qualified investment fund managers, who combine OSC loans with private capital to invest in companies focused on one or more of the Congressionally defined 34 Covered Technology Categories. By providing credit to qualified asset managers, the NSFF Program will crowd private capital and expertise into firms and technologies that support Department of War priorities.

The Office of Strategic Capital will publish a Notice of Funding Opportunity (NOFO) on Grants.gov shortly. The deadlines will be formalized in the NOFO that will be published on Grants.gov.

Office of Strategic Capital

Small Business Investment Company Critical Technologies Initiative

The SBICCT Initiative is a partnership between OSC and the Small Business Administration (SBA). This program leverages qualified fund managers to direct capital toward Department of War Critical Technology Areas (CTAs) and foundational supply chains.

Following a rigorous SBA vetting process, licensed investment funds operate under Leveraged Licenses (accessing up to $250 million in debt) or Non-Leveraged Licenses. The 18 approved funds are projected to deploy over $4 billion across more than 1,700 companies within the defense industrial base.