Convergence, together with RS Group, a family office based in Hong Kong, launched the Asia Natural Capital Design Funding Window in 2019, with the objective of supporting the design and launch of catalytic blended finance solutions focused on natural capital in Asia. At the time of launch, the Window was the first of its kind focusing on NbS in Asia and allowed both Convergence and RS Group to test out how blended finance can advance the field of natural capital and build the blended finance and natural capital investment ecosystem.

The objective of this report is to distill successes and lessons learned, as well as provide key take-aways for both practitioners and potential funders/programs who are interested in the space. This report also serves as
a Completion Report to the Window which successfully operated for a period of 3 years from November 2019 to December 2022.

Report RS Group FINAL

Learn about the successes and lessons learned from running the Asia Natural Capital Design Funding Window from November 2019 to December 2022. The window allowed both Convergence and RS Group to test out how blended finance can advance the field of natural capital and build the blended finance and natural capital investment ecosystem.

Supporting Blended Finance Solutions for Natural Capital in Asia: Learnings from the Asia Natural Capital Design Funding Window

Convergence