Launched in January 2016, Convergence is the global network for blended finance. We generate blended finance data, intelligence, and deal flow to increase private sector investment in developing countries.
Convergence enables more investment in these markets by leveraging public and philanthropic funding to unlock billions of private sector dollars for global development – which can lead to as much as a 10x increase in overall investment. By allowing investors to quickly search databases for credible deals or investors that match their investment needs, Convergence broadens investors’ networks and simplifies their screening process.
To identify, encourage, and support blended finance investments, Convergence:
Blended finance investments facilitated through Convergence magnify the impact of public and philanthropic investors’ funding by attracting additional private capital towards investments that deliver social, economic, and environmental impact. At the same time, public and philanthropic investors’ participation in these investments can reduce risk and enhance returns of emerging and frontier market investments for private investors.
The platform plays a particularly important role in driving investment to close the estimated $2.5 trillion gap in funding per year for the Sustainable Development Goals (SDGs) which will guide the next 15 years of development around the world.