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National Reconstruction Fund

Sovereign Wealth Fund

Government corporation investing AUD 15B in priority sectors to diversify and transform Australian industry.

Canberra, Australia · 13+ investments · 9 portfolio companies

Growth
Early Stage
Agriculture, forestry and fisheries
Defence capability
Enabling capabilities
Medical science
Renewables and low emission technologies
Resources
Transport
Agriculture Forestry and Fisheries
Renewables and Low-Emission Technologies
Advanced Materials
Agtech
Manufacturing
Medtech
Renewable Energy
Transportation
Headquarters
Canberra, Australia
Founded
2023
Website
nrf.gov.au
AUM
$15.0B
Portfolio Companies
9
Total Investments
13
Last Investment
Jun 2026
Geographic Focus
Australia

Investment Thesis

Supports high-value projects via debt, equity, guarantees in key sectors for economic transformation and job creation.

National Reconstruction Fund is a Sovereign Wealth Fund firm based in Canberra, Australia. It has made 13 investments in Agriculture, forestry and fisheries and Defence capability, including Hypersonix, Gilmour Space and Vault Cloud.

Portfolio9

Co-investors24

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24 co-investors across 29 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×19 · Private Equity ×2 · Other ×2 · 28 shared rounds

Investment History

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