Convergence Insights

Convergence’s data-driven insights and research appear often in the news and on media platforms of all sizes. By following “Convergence News” you will gain access to our media interviews, whitepapers, ad hoc research, monthly podcasts and educational videos.

November 6, 2026

Trusted AI Starts With Trusted Data

Read the Article

July 2026 Private Fund Capital Flows – Existing Funds

698 existing private funds raised $83.5 billion in incremental capital in July 2026, up 20.8% year over year, with the top 30 funds capturing 61.2% of the total. Phinney argues each raise is an account event requiring a specific retention, cross-sell, or competitive-displacement response.

John Phinney

August 15, 2026

What the Archegos Collapse Still Teaches About Reading Risk Signals

The Archegos collapse wiped out $8-20 billion in 2021. Commentators blamed the SEC, but banks, investors, and investment consultants all had access to the same missing signal, Archegos's absent Form 13F, and the same structural gap remains open today.

John Phinney

August 13, 2026

It Pays to be a Convergence Fund Audit Client

2026 set records in the audited private fund market: 12,154 new funds subject to audit raised $3.1 trillion, up 40% and 19% year over year. Convergence's Top 25 fund audit clients captured 63% of new funds and 64% of new assets, versus 27% and 23% for non-clients.

George Gainer

August 13, 2026

It Pays to be a Convergence Fund Administration Client!

July 2026 set records in the private fund market: 12,816 new fund entities raised $3 trillion, up 40% and 19% year over year. Convergence's Top 20 fund administrator clients captured 47% of new funds and 55% of new assets, versus 12% and 25% for non-clients.

George Evans

August 13, 2026

July 2026 Private Fund Capital Flows – The Headline Hides the More Important Story

Venture Capital led July 2026 new fund issuance with 662 funds, up 78.9% year over year, but VC capital raised declined 7% over the same period. Initial-stage PE funds, with far fewer new funds, captured 51.1% of new-fund capital. Phinney argues issuance and capital point to different opportunities requiring different sales motions.

John Phinney

August 12, 2026

Why Service Provider Selection Based on Complexity Alignment Outperforms Selection Based on Reputation

Referrals, relationships, and reputation are how most service provider decisions get made. None of them measure complexity alignment. Convergence measures 64 unique operating complexity factors across the full adviser population and matches every adviser's score against the proven complexity profile of every service provider in the database.

George Evans

August 12, 2026

The Next Advantage in Fund Administration Is Intelligence

John Phinney argues fund administration is shifting from a scale business to an intelligence business, where firms that grow profitably will need to know where demand is forming and which managers are worth pursuing, not simply cover the broadest possible market.

John Phinney

August 11, 2026

July 2026 Private Fund Capital Flows Headline – July’s Flows Accelerate the Cycle!

2,068 new private fund entities formed in July 2026, the highest July total in Convergence's 10-year series, while initial-stage funds raised $99.2 billion, up 62.7% year over year. Phinney argues operating-partner mandates are often awarded before a manager becomes visible in traditional databases.

John Phinney

August 11, 2026

CFOs: Protect the GP P&L - Increase Fee Related Earnings - Improve EVA

John Phinney estimates alternative asset managers carry $4.3 billion to $4.9 billion in annual administrative costs on their GP P&Ls, weakening Fee-Related Earnings and Economic Value Added. At a 20x-25x FRE multiple, removing $1 million of recurring expense could preserve $20 million to $25 million in enterprise value.

John Phinney

August 5, 2026

Retail Investors and Wealth Advisers Need Better Questions, Not Just More Data.

John Phinney argues retail investors and wealth advisers need better questions, not more data, as private-market access expands. Convergence's "Safety and Soundness" structured risk intelligence turns complex sponsor and regulatory information into practical questions investors can ask before and after investing.

John Phinney

August 3, 2026

The Multi-Hatted CCO — When One Person Holds Too Much

Arrangement is rational at formation. It becomes a governance risk as complexity grows. Convergence tracks it across the full market so allocators, auditors, and examiners can see where firms stand.

John Phinney

August 3, 2026

Why Alternatives Platforms Need Independent Sponsor Intelligence

As alternatives platforms expand access to private-market products, this piece argues sponsor intelligence must keep pace with distribution. Convergence positions itself to translate complex sponsor and adviser data into risk themes and monitoring signals that strengthen trust infrastructure around private-market access.

John Phinney

July 24, 2026

Convergence Insights

Trusted AI Starts With Trusted Data

July 2026 Private Fund Capital Flows – Existing Funds

What the Archegos Collapse Still Teaches About Reading Risk Signals

It Pays to be a Convergence Fund Audit Client

It Pays to be a Convergence Fund Administration Client!

July 2026 Private Fund Capital Flows – The Headline Hides the More Important Story

Why Service Provider Selection Based on Complexity Alignment Outperforms Selection Based on Reputation

The Next Advantage in Fund Administration Is Intelligence

July 2026 Private Fund Capital Flows Headline – July’s Flows Accelerate the Cycle!

CFOs: Protect the GP P&L - Increase Fee Related Earnings - Improve EVA

Retail Investors and Wealth Advisers Need Better Questions, Not Just More Data.

The Multi-Hatted CCO — When One Person Holds Too Much

Why Alternatives Platforms Need Independent Sponsor Intelligence

Let's Connect