America’s $205 Billion Government Fund You’ve Never Heard Of | Conor Coleman, Head of Investments at Development Finance Corporation (DFC)

June 10, 2026

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5 min read

The Development Finance Corporation (DFC) is the international investment arm of the U.S. government, and its investment cap was just raised from $60 billion to $205 billion. Conor Coleman, the DFC’s Chief of Staff and Head of Investments, notes that even he had never heard of the agency before being asked to join it. The DFC is now one of the largest liquidity providers globally, with an average deployment target of $27.5 billion per year over the next six years.

What the DFC Is and How It Works

The DFC is the U.S. government’s international investment arm, created in 2019 under the first Trump administration to serve as a counterweight to China’s Belt and Road Initiative. Its mandate is to drive private capital mobilization through investments that are both strategic and developmental. The agency aims to make a return for the U.S. taxpayer, advance U.S. foreign policy, and create economic ecosystems in partner nations.

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What you'll learn

1 (00:06) **What is the DFC?** - Conor Coleman defines the Development Finance Corporation as the international investment arm of the U.S. government, focused on economic statecraft.
2 (02:16) **Asset Classes and Investment Toolkit** - Coleman explains the DFC's traditional and newly expanded investment tools.
3 (04:13) **The Strait of Hormuz Reinsurance Program** - A case study in creative financing to solve a geopolitical problem.
4 (07:44) **The Ukraine Reconstruction Investment Fund** - Details on the fund, its structure, and first investments.
5 (11:11) **Focus on Natural Resources in Ukraine** - Clarification on how the fund invests in mining.
6 (13:12) **The DFC's Mandate and Balancing Returns with Policy Goals** - Coleman explains the seven key sectors and how the DFC balances financial returns with strategic impact.
7 (20:34) **Partnering with Private Investors** - How the DFC acts as a multiplier for private capital.

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Show Notes

Sponsor: Teucrium Corn Fund (NYSE Arca: CORN):

https://teucrium.com/corn

Conor Coleman, Head of Investments and Chief of Staff at the Development Finance Corporation (DFC), joins Monetary Matters to explain the DFC’s capacity as the international investment arm of the United States Government and its central role in economic statecraft. He and Jack discuss the Ukraine Mineral Deal, Strait of Hormuz Reinsurance Program, as well as several other deals and programs around the world that the DFC is involved in. Recorded June 8, 2026.

Development Finance Corporation (DFC) website: https://www.dfc.gov/

DFC Project Data: https://www.dfc.gov/what-we-do/active-projects

U.S.-Ukraine Reconstruction Investment Fund: https://www.dfc.gov/investment-story/investing-ukraines-reconstruction-and-americas-security

“US Agency to Own 20% of Graphite Miner Syrah in Critical Minerals Push”: https://www.bloomberg.com/news/articles/2026-03-26/us-agency-to-own-20-of-graphite-miner-syrah-in-critical-minerals-push

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