Description
The Office of Strategic Capital (OSC) is issuing a Notice of Funding Opportunity to provide large‑scale loan facilities (between $500 million and $1 billion) to qualified debt‑investment fund managers. The loans are intended to be combined with private capital to invest in portfolio companies that address critical mineral and material supply‑chain shortages important to U.S. national security. Eligible firms must be U.S.‑based investment advisers with SEC registration, substantial assets under management, and demonstrated experience in critical‑mineral‑related investments. Proposals must be submitted electronically by 5 p.m. EDT on 1 Nov 2026; OSC will evaluate and select firms by 10 Jan 2027, with conditional commitments expected by 10 Mar 2027. The award will be a multi‑draw term loan credit facility subject to detailed eligibility, concentration, and use‑of‑proceeds restrictions. Firms must be SAM‑registered and maintain a valid UEI throughout the process.
• Funding amount: $500 M–$1 B per award (subject to 125 % of fund equity capitalization).
• Target applicants: professionally managed U.S. debt‑investment funds with SEC‑registered advisers.
• Key eligibility: U.S. leadership/assets, cyber‑security standards, prior critical‑minerals investment experience.
• Submission requirements: four‑volume proposal, SAM registration, Standard Form 328, and extensive financial, governance, and compliance documentation.
• Timeline: Posting 19 Aug 2026 → Proposal due 1 Nov 2026 → Evaluation 10 Jan 2027 → Conditional commitment 10 Mar 2027.
• Award: Credit facility (multi‑draw term loan) with strict use‑of‑proceeds and concentration limits; no equity investment allowed except in restructuring.