Convergence has officially opened applications for its Blended Finance Accelerator for Fund Managers (A4FM), an initiative designed to channel global capital into the world’s fastest-growing regions.
The program aims to empower asset managers to develop scalable investment vehicles that mobilize commercial capital into emerging and developing economies (EMDEs), where GDP growth is expected to significantly outpace developed markets.
Currently, institutional investors oversee more than $120 trillion globally, yet only a tiny fraction of these funds reaches developing nations.
While these markets offer superior growth potential and essential portfolio diversification, investment is often hampered by high risk perceptions and complex financial structures.
The A4FM program leverages blended finance to bridge this gap, combining catalytic capital with commercial investment to mitigate risk and align incentives.
By making underserved market strategies bankable at scale, the accelerator helps managers navigate the complexities of frontier sectors like digital infrastructure and sustainable development.
Funding and benefits
Selected participants can access catalytic grants tailored to their vehicle’s maturity, with funding available for scoping feasibility (up to CAD $260,000) or scaling and expanding established models (up to CAD $500,000).
These non-repayable or conditionally repayable grants support critical tasks such as legal structuring, market consultations, and investor outreach.
In addition to financial support, the accelerator provides comprehensive skill-building through virtual and in-person training sessions.
Managers receive acceleration support, including technical feedback on investment models and access to Convergence’s proprietary market data and global network of capital providers.
Application requirements and eligibility
The call is open to fund and asset managers targeting developing markets listed by the OECD-DAC, with a particular emphasis on least developed and lower-middle-income countries.
Eligible vehicles must address sustainability-aligned sectors, such as climate, healthcare, or financial inclusion, and demonstrate a clear commitment to advancing gender equality.
Applications will be judged on the team’s track record, the potential for the vehicle to scale to at least US$50 million, and the ability to mobilize private capital.
Reviewers will also prioritize solutions that offer a robust risk management framework and a clear path toward a successful financial close.
Deadline
Supported by Global Affairs Canada, the A4FM program is currently welcoming concept notes from both emerging and experienced practitioners.
All applications must be submitted by May 25, 2026, to be considered for the current cohort.
To apply, visit Convergence call page. Visit our global opportunity page for more.
Summary not available at this time.
