JPMorgan Chase said on Monday it has deployed $5 billion of capital into U.S. companies tied to national security through its Security and Resiliency Initiative (SRI), a program the bank launched last year to bolster critical industries, supply chains and technologies.
The firm described SRI as a broad effort, launched under its Strategic Investment Group, that aims to channel financing into areas the bank considers essential to long-term national security and economic resilience. In a written statement, JPMorgan Chase said SRI — which the bank described as a $1.5 trillion initiative — has financed and facilitated more than $230 billion in transactions across its priority areas since inception.
JPMorgan’s Strategic Investment Group, which manages the bank’s direct investments in companies of strategic interest, committed $5 billion of an initial $10 billion equity allocation for SRI during its first year, the bank said. Those commitments span venture, growth and later-stage investments intended to spur innovation and expand domestic manufacturing capacity.
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“Strong economies and national security don’t happen by accident. They require investment in critical infrastructure, manufacturing, energy, defense and innovation, as well as policies that encourage growth,” JPMorgan Chase Chief Executive Jamie Dimon said in the announcement. “Through SRI, we’re bringing together capital, expertise and convening power to help strengthen the industries, supply chains and workforce that support economic prosperity and national security,” he added.
The bank’s announcement listed a range of recent investments that it said have supported next-generation defense technologies, distributed battery storage, automated manufacturing and other frontier technologies. JPMorgan also said SRI-backed transactions have aided companies scaling defense-related manufacturing, financed suppliers critical to the defense industrial base, and facilitated investment in next-generation nuclear and geothermal energy.
Other areas the firm highlighted include expanding domestic capacity for critical minerals and metals, advancing artificial intelligence, cybersecurity and quantum computing capabilities, and strengthening production and supply chains for critical medicines, according to the announcement.
Todd Combs, head of the Strategic Investment Group, said the team seeks “generational companies” and long-term partnerships. “The Security and Resiliency Initiative is an important part of that work. Putting $5 billion to work in our first year shows how many exceptional businesses are building in industries that strengthen critical supply chains and the solutions our economy and security depend on,” he said.
As SRI moves into its second year, JPMorgan Chase said it will focus on translating its value-chain insights into action by backing companies that can grow critical capacity, creating financing structures to make strategic projects viable, strengthening supplier and workforce ecosystems, and expanding cross-border policy coordination that supports resilient supply chains.
The bank did not provide a list of individual portfolio companies in the announcement. The SRI update is part of JPMorgan Chase’s broader messaging about the role of private capital in addressing infrastructure, manufacturing and technological shortfalls the firm views as relevant to U.S. economic and national security interests.
