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National Reconstruction Fund Corporation (NRFC)

PE🇦🇺 Australia

Investment thesis

A A$15bn independent Commonwealth financing corporation established under the NRFC Act 2023 to diversify and transform Australian industry. Provides loans, equity and guarantees across seven priority areas, including a A$1bn Critical Technologies stream (AI, robotics, quantum). Actively deploying since 2024.

Notable portfolio

Silicon Quantum ComputingAdvanced NavigationMacquarie Technology GroupLiquid InstrumentsHarrison.ai

Sector focus

Critical technologiesAdvanced manufacturingMedical scienceRenewables & low-emissionsValue-add in resourcesDefence capabilityTransportAgriculture/forestry/fisheriesRenewables & low-emission techValue-add agriculture/forestry/fisheriesValue-add resourcesDefence & enabling technologies