Description
The Office of Strategic Capital (OSC) within the Department of War is issuing a Notice of Funding Opportunity (NOFO) to provide multi‑draw term‑loan credit facilities to professionally managed debt‑investment funds that will invest in U.S. critical‑minerals and materials supply‑chain companies. Qualified funds must be SEC‑registered investment advisers, have a target commitment of at least $500 million, and must meet a series of financial, cyber‑security, and experience requirements. The loan facility can be up to $500 million‑$1 billion per fund, with a minimum award size of $500 million, a draw period of up to five years, and a loan maturity of ten years. OSC will evaluate proposals submitted by the November 1, 2026 deadline, conduct due‑diligence, and issue conditional commitments by early March 2027. Ongoing reporting and covenant compliance are required throughout the life of the facility.
• Provide a credit facility (loan) to eligible debt‑investment funds for financing first‑lien or second‑lien senior secured loans to portfolio companies in critical‑minerals supply chains.
• Must submit a full proposal package (General Firm Info, Investment Strategy, legal questionnaires, track‑record, audited financials, etc.) by the November 1 deadline.
• Funding amounts range from $500 million to $1 billion per award; draw fees, administration fees, and interest are payable quarterly; the loan matures 10 years after each draw.