NSFF NOFO

OFFICE OF STRATEGIC CAPITAL

Notice of Funding Opportunity
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Revisions to Summary of Terms and Conditions—NSFF Program

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BASIC INFORMATION

Federal Agency Name: Office of Strategic Capital (“OSC”), U.S. Department of War Federal Funding Opportunity Title: National Security Fund Finance (“NSFF”) Program Announcement Type: Notice of Funding Opportunity
Date: August 19, 2026
Funding Details: Funding is available for program credit facilities for one or more professionally managed debt investment fund managers (“Firms”). Firms may request funding of the lesser of (a) [$500,000,000 - $1,000,000,000]1 and (b) [125%] of the Total Fund Equity Capitalization, as defined in Attachment I. Firms requesting funding greater than [$500,000,000 - $1,000,000,000] or [125%] of the Total Fund Equity Capitalization, as applicable, and Firms requesting funding less than [$500,000,000], will not be evaluated and will be removed from consideration. OSC reserves the right to limit awards to [$500,000,000 - $1,000,000,000]. Any award made pursuant to this opportunity will be no less than [$500,000,000], and no greater than the total funding requested in the proposal (up to a maximum of [500,000,000 - $1,000,000,000]). Key
Dates:
Complete
proposals
must
be
submitted
to
[email protected] by 5:00 p.m. EDT on November 1st, 2026. OSC intends to evaluate proposals and select parties for further due diligence and negotiation by January 10th, 2027. Conditional commitments are expected to be made on or before March 10th, 2027. A conditional commitment is not an authorization to begin performance. Performance is subject to finalization of the terms and conditions of an executed credit facility agreement and related documentation. OSC reserves the right to make one or more award(s) at an escalated timeline and may have dialogue with applicants during the period between proposal submission and the finalization of award decisions, and OSC reserves the right to extend any deadline(s). All proposals must state that they remain valid through March 10th, 2027, unless withdrawn in writing by the Firm submitting the proposal. Executive Summary: OSC is issuing this Notice of Funding Opportunity (“NOFO”) to attract and scale private capital to minerals and materials critical to the national security of the United States. The NSFF Program is a fund-level financing solution to increase private capital investment in