Post Summary
Convergence clients were 26 of the 337 administrators (7.7%) that won new fund business in the year ended September 30, 2026, and captured 50.3% of funds (6,462 of 12,847) and 64.8% of assets (about $1.96 trillion of $3.02 trillion).
Convergence says its clients captured 6.52 times their proportional share of fund wins and 8.40 times their proportional share of assets. The benchmark uses administrator counts and is not adjusted for firm size.
It helps teams identify new funds earlier through Early Detection Alerts, prioritize prospects by manager strategy, fund activity, and existing service-provider relationships, and focus outreach with evidence-based insights.
Strong capabilities, relationships, and execution. Convergence says it equips teams with intelligence to identify opportunities earlier and pursue them with greater focus.
Contact Convergence to explore how its Business Intelligence can support a growth strategy.
Convergence clients represented just 7.7% of the 337 fund administrators that won new fund business during the year ended September 30, 2026. Those 26 firms captured half of the funds and nearly two-thirds of the assets.
How much new fund business did Convergence clients win?
The results:
New fund business won in the year ended September 30, 2026
How does that compare with their share of administrators?
Relative to their share of winning administrators, Convergence clients captured 6.52× their proportional share of fund wins and 8.40× their proportional share of assets. This benchmark uses administrator counts and is not adjusted for firm size.
How does Convergence Business Intelligence support business development?
Convergence Business Intelligence supports business development in three practical ways:
- Identify new funds earlier. Early Detection Alerts help teams recognize emerging managers and fund launches while relationships and service-provider decisions are developing.
- Prioritize the right prospects. Intelligence on manager strategies, fund activity and existing service-provider relationships helps teams focus on opportunities that fit their capabilities.
- Focus outreach. Evidence-based insights help teams approach decision-makers with a timely, relevant reason to engage.
Winning new business takes strong capabilities, relationships and execution. Convergence equips teams with intelligence to identify opportunities earlier and pursue them with greater focus.
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About the data
Source: Convergence analysis of new fund business won by fund administrators in the year ended September 30, 2026. The benchmark uses administrator counts and is not adjusted for firm size.
Key Points
What did the data show?
- Period. The year ended September 30, 2026.
- Winners. 337 fund administrators won new fund business.
- Convergence clients. 26 of them, or 7.7%.
- Funds. Those 26 firms won 50.3% of funds, 6,462 of 12,847.
- Assets. They won 64.8% of assets, approximately $1.96 trillion of $3.02 trillion.
How is the benchmark calculated?
- Proportional share. Compares each result with Convergence clients’ share of winning administrators.
- Fund wins. 6.52 times their proportional share.
- Assets. 8.40 times their proportional share.
- Basis. Administrator counts.
- Caveat. Not adjusted for firm size.
How does Convergence Business Intelligence help?
- Early Detection Alerts. Help teams recognize emerging managers and fund launches early.
- Timing. Alerts arrive while relationships and service-provider decisions are developing.
- Prioritization. Intelligence on manager strategies, fund activity, and existing service-provider relationships.
- Fit. Helps teams focus on opportunities that fit their capabilities.
- Outreach. Evidence-based insights give a timely, relevant reason to engage decision-makers.
What is Convergence’s framing?
- What wins business. Strong capabilities, relationships, and execution.
- Role of intelligence. Identify opportunities earlier.
- Focus. Pursue them with greater focus.
- Audience. Fund administration teams focused on business development.
- Next step. Contact Convergence to explore how its Business Intelligence can support a growth strategy.