Australian Government's National Reconstruction Fund Corporation is an Australian corporate Commonwealth investment entity deploying debt, equity and guarantees into priority areas of the Australian economy. It backs projects and companies across manufacturing, industrial technology, hardware, semiconductors, defense, energy, climate, agriculture, transportation and supply-chain capabilities, and has acted as a co-lead investor in later-stage venture financing. The investor is most relevant for companies aligned with Australian industrial transformation priorities, with observed investment exposure in Australia and the United States.