Investor

Convergence

Canada

Convergence launched in January 2016 as the first and only institution that helps private public and philanthropic investors find and connect with each other for blended finance deals in emerging and frontier markets.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 Connects credible private public and philanthropic investors with one another to invest in deals posted on the platform Provides grant funding to practitioners to design innovative finance vehicles that would otherwise be too risky or complex to pursue and Eases the investment process for both new and experienced investors through a range of practical tools and resources on how to structure blended finance transactions and streamline the investment process.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 reduces risk and enhances returns of emerging and frontier market investments for private investors.The platform is playing a particularly important role in driving investment to close the estimated $2.5 trillion annual gap in funding for the Sustainable Development Goals (SDGs) which will guide the next 15 years of development around the world.

Type: Corporate

Geography: Global

Impact: Access to Education