Sector Thesis2026
Power as the AI Bottleneck
Data-center electricity demand is on track to triple by 2030. Gas is the bridge; nuclear is the terminal answer. The constraint on AI is not chips — it is interconnection queues and firm capacity.
Research
Theses, notes, and market reads
Written work where the analysis leads to a position — not just a description of the market.
Private Markets2026
Pre-IPO Secondaries: Pricing the Private Bid-Ask
Read across 10+ secondary transactions on Forge, Hiive, and Nasdaq Private Market to frame how liquidity discounts, structure, and information asymmetry set pre-IPO marks.
Methodology2025
Valuing Pre-Revenue Frontier Companies
When comps are thin, triangulation wins: a bottom-up operating build, a DCF for terminal economics, and the VC method anchored to exit multiples and required returns.
Sustainable Finance2025
ESG Disclosure and Carbon Market Signals
Tracked SEC ESG-disclosure developments and voluntary carbon market pricing to inform allocation decisions across blended-finance climate funds.