Convergence - Global Network for Blended Finance

Enriched Impact Investor · Found: 2026-03-10 13:43

Global network dedicated to blended finance, using catalytic capital from public/philanthropic sources to de-risk and mobilize private sector investment. Highlights blue economy applications including sustainable seafood, circular economy models, and aquatic plant cultivation. References Althelia SOF and Blue Impact Strategy as exemplars.

Source: https://convergence.finance

Funding Details

Funder

Convergence Blended Finance

Funding Goal

Provide design grants and acceleration support to fund managers and practitioners to scope, structure, and launch new blended finance vehicles that unlock commercial investment for sustainable development in emerging markets and developing countries.

Funding Amount

Design grants provided; amounts not publicly specified on the homepage. Recent grants support fund design and structuring phases for blended finance vehicles.

Deadline

Rolling (grant portfolio continuously updated; multiple cohorts per year based on published grants) (Rolling)

How to Apply

Register at convergence.finance/sign-up; Blended Finance Accelerator page at https://convergence.finance/design-funding. Applications reviewed on an ongoing basis. Members can also post deals and connect with investors through the platform.

Target Region

Emerging markets and developing countries globally; recent examples include West Africa, Indo-Pacific, and Latin America

Contact

Contact form at https://convergence.finance/contact

Last Checked

2026-05-07 08:08

Application Checklist

Eligibility

• Fund managers, NGOs, and financial institutions are eligible for design grants
• Investment target must be in emerging markets or developing economies

Project Scope

• Applicant must be designing or structuring a new blended finance vehicle targeting emerging markets

Required Documents

• Register at convergence.finance to access Accelerator application process

Constraints

• Grant supports design phase only; applicants must demonstrate potential to raise commercial capital
• Some products and services restricted to accredited or sophisticated investors

Summary

Convergence is the global network for blended finance, defined as the use of catalytic capital from public or philanthropic sources to increase private sector investment in sustainable development. Convergence operates as a membership platform providing data, intelligence, deal flow, and grant support to blended finance practitioners. The programme's core thematic scope is blended finance across all sectors in emerging markets and developing countries. The Blended Finance Accelerator specifically provides design grants and acceleration support to fund managers and NGOs to design, structure, and launch blended finance vehicles. Recent grant examples include sustainable agroforestry in Latin America, SME financing in Africa, mobility ecosystems in Africa, and emerging market credit strategies. Blue economy, circular economy, and sustainable seafood have been cited as examples in published case studies and referenced exemplars (Althelia SOF, Blue Impact Strategy). Eligible activities include the design and structuring of blended finance vehicles, feasibility studies, fund architecture design, impact measurement framework development, and the development of blended finance strategies targeting commercial capital mobilization. The geographic scope covers all emerging markets and developing countries globally, with recent examples in West Africa, East Africa, Latin America, and the Indo-Pacific. Eligible applicants include fund managers, financial institutions, development finance institutions, NGOs, and other organisations seeking to design blended finance solutions. The March 2026 Indo-Pacific round was specifically targeted at NGOs, showing that non-profits can access design grants. Target beneficiaries are ultimately communities and ecosystems in developing countries served by the blended finance vehicles that Convergence helps design. Funding amounts for design grants are not publicly disclosed on the homepage. The Convergence network has mobilized over $477 million in capital to date and has 14 deals currently fundraising seeking $2.2 billion.

Historical Context

Convergence has mobilized $477M+ in capital. The network includes 50+ member institutions. The Blended Finance Accelerator (formerly Design Funding) has supported fund managers including Ashmore, Oryx Impact, Argentil Capital, Ecotierra, EG Capital, and Double Feather Partners. In April 2026, Convergence and the Government of Canada awarded six fund managers support to structure and launch blended finance vehicles. In March 2026, four NGOs received grants for blended finance solutions in the Indo-Pacific.

Why it was added

Key blended finance network promoting blue economy investment mechanisms and knowledge sharing

Sources

• https://convergence.finance

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