Blended finance

    ESG & Governance

    The use of concessional public or philanthropic money to lower the risk or raise the return of a project so that private investors will also fund it.

    Common tools are concessional loans, first-loss capital, guarantees and technical assistance grants. Convergence counted 123 blended finance deals worth about $18 billion closing in 2024. The key test is additionality: the public money should bring in private money that would not otherwise have come, using the smallest subsidy needed.

    Related terms

    First-loss capitalViability gap funding (VGF)Impact investing

    Learn the concept

    From the research

    Valuation

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    Valuation

    Paytm: Valuing a Company With No Clean Comparable

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