ARLINGTON, VA — The Defense Department’s Ellen Lord offers insight into the Office of Industrial Policy’s work through the Trusted Capital Marketplace, where financial institutions and qualifying companies explore partnerships to support national security, in the latest issue of National Defense magazine, the official publication of the National Defense Industrial Association.
Lord, who is undersecretary of defense for acquisition and sustainment, wrote the commentary, “Trusted Capital Marketplace Protects DoD Supply Chain.” It appears in the “Viewpoint” section of the August 2020 issue.
In the piece, Lord describes how since its launch in November 2019, the marketplace has more than 90 participating firms with capital providers that represent more than $20 billion in assets under management and another $700 million currently under review. The goal is to nurture “America’s open investment environment” while also protecting it from “economic threats by malign actors.”
The Defense Department is concerned that foreign companies or other entities with connections to adversarial nations, such as China, are seeking to gain access to key technologies and intellectual property by providing funding to struggling U.S. firms.
The Trusted Capital Marketplace is a public-private partnership “established to strengthen the defense supply chain and deny adversarial access through investments,” Lord said. “It creates an ecosystem that fosters deal flow between companies building technologies critical to the defense sector and trusted capital providers seeking to expand their national security investment portfolio.”
The complete commentary is available here<https://www.nationaldefensemagazine.org/articles/2020/7/26/trusted-capital-marketplace-protects-dod-supply-chain>.
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