PitchBook’s research and analysis team

Nizar Tarhuni leads the institutional research and editorial departments at PitchBook. He is responsible for managing the firm’s investment strategy, fund performance and emerging technology research offerings, in addition to a daily news product tailored to private market investors and advisors.

Tarhuni is credited for developing PitchBook’s first institutional-grade research product and under his leadership, the team has grown to include over 130 global analysts and journalists. He led the acquisition of Leveraged Commentary & Data (LCD) from S&P and is now responsible for those news and research organizations. Tarhuni also serves on PitchBook’s executive leadership team, helping drive corporate planning and strategic initiatives across the organization.

Tarhuni received a bachelor’s degree in economics and finance from Linfield University. Read less «

Paul Condra serves as Global Head of Private Markets Research at PitchBook, leading the EMEA, APAC, custom research, and U.S. VC teams.

Condra has nearly 11 years of equity research experience. Prior to joining PitchBook, Condra served as vice president and head of payments and fintech research at Credit Suisse. Before that, he covered payments and fintech companies at BMO Capital Markets. Condra has frequently been cited in top-tier media outlets including Bloomberg, CNBC and Reuters.

Condra holds an MBA from the Baruch College Zicklin School of Business and a bachelor’s degree from the University of Washington. He is based in PitchBook’s Seattle office. Read less «

Daniel Cook is the Global Head of Quantitative Research & Market Intelligence at PitchBook and leads the firm’s data analysis function in both the US and EMEA regions. Cook launched the firm’s quantitative research and IP development efforts, leading to projects such as PitchBook’s Investor Style framework and fund cash flow models. He also oversees the production of all data sets leveraged in PitchBook’s asset class and emerging technology research.

Prior to this role, Cook worked on PitchBook’s secondary research team. He received his bachelor’s degree in finance from Santa Clara University and is a CFA charter holder. He is based in PitchBook’s Seattle office. Read less «

Marina Lukatsky is the Global Head of Research, Credit & U.S. Private Equity and leads the firm’s coverage of US and European leveraged loan, high-yield bond, and private credit markets. Lukatsky is responsible for developing analytics and commentary detailing trends in the global leveraged finance market. She leads a team of analysts producing weekly, monthly, and quarterly research content covering the leveraged loan and private credit markets, and regularly contributes analytical commentary to LCD News and quarterly research reports covering a wide range of leveraged loan and private credit trends.

Lukatsky holds an MBA from New York University and a bachelor’s degree in Finance from Pace University. She is based in PitchBook’s New York office. Read less «

Garrett Hinds is a senior research analyst at PitchBook where he brings over a decade of experience to the firm’s private equity franchise. Leveraging his expertise in the technology sector, he contributes to the firm’s authoritative periodical research and thematic reports. Prior to joining Pitchbook, he covered the software sector as an equity analyst at Macquarie Group.

Hinds received a bachelor’s degree in business administration from the University of Oregon. He is based in PitchBook’s New York office. Read less «

Jinny Choi is a senior private equity analyst at PitchBook, covering both US PE and global M&A markets with a focus on PE exit activity, cross-border M&A and antitrust risk. Choi’s insights have been cited in numerous publications including Business Insider, The Wall Street Journal and Private Equity Wire. Prior to joining PitchBook, Choi was a senior investment analyst at the Conrad N. Hilton Foundation, where she monitored existing investment managers, evaluated prospective investment opportunities in all asset classes, and conducted portfolio and strategy analysis.

Choi received a bachelor’s degree in international relations with an emphasis in global business from the University of Southern California. She is based in PitchBook’s Seattle office. Read less «

Kyle Walters is a private equity analyst at PitchBook, where he contributes to the firm’s asset class research. Prior to joining PitchBook, Walters was an M&A analyst at a boutique buyout firm.

Walters holds a bachelor’s degree in finance and business analytics from Le Moyne College. He is based in PitchBook’s New York office. Read less «

Kyle Stanford is Director of Research, US Venture at PitchBook, where he oversees a team of analysts covering the US venture market. He has developed PitchBook’s coverage areas within nontraditional VC investment, venture debt and VC ecosystem development, as well as our breakout of the venture growth stage of the VC market. He also contributes to quarterly core reports, produces thematic analyst notes on various topics and speaks at industry conferences such as SXSW and Collision. Prior to this role, he worked on PitchBook’s publishing team, building and designing custom reports across all asset classes while also supporting the analyst team’s core report development. He is regularly cited in top-tier publications including Wall Street Journal, the Financial Times and Axios, and has been featured in segments on CNBC, Bloomberg and Yahoo Finance.

Stanford received a bachelor’s degree in history from the University of Washington. He is also a CAIA charter holder. He is based in PitchBook’s Seattle office.  Read less «

Emily Zheng is a senior research analyst at PitchBook, where she covers major trends and evolving themes in US venture capital through quarterly core reports and thematic analyst notes. Prior to this role, Zheng was a Private Banker at J.P. Morgan, where she provided wealth management solutions and advice to affluent individuals, families, endowments, and foundations throughout the Pacific Northwest.

Zheng received a bachelor’s degree, magna cum laude, in Public Policy Analysis and Economics from Pomona College. She also holds the Securities Industry Essentials, Series 7, Series 63, and Series 65 licenses. She is based in PitchBook’s Seattle office. Read less «

Kaidi Gao is a senior venture capital research analyst at PitchBook, where she contributes to the VC team’s core reports and produces quarterly thematic analyst notes on various topics. Her research and expertise focus primarily on venture debt, VC in the APAC region and seed- and early-stage dealmaking. Prior to this role, Gao worked as a Senior Data Operations Associate, overseeing PitchBook’s VC-backed company dataset.

Gao received a master’s degree in Near Eastern Studies from Princeton University and a bachelor’s degree in Asian and Middle Eastern Studies with a focus on Arabic from Duke University. She is based in PitchBook’s Seattle office. Read less «

Nalin Patel is Director of Research, EMEA Private Capital at PitchBook, where he oversees a team of analysts covering private markets in the EMEA region. Prior to joining PitchBook, Patel was an analyst at Goldman Sachs in London, conducting due diligence for investment banking transactions. Patel’s coverage included the Merchant Banking Division and European Special Situations Group, where he focused on private equity, venture capital and debt transactions, as well as investments in startups, real estate, technology and growth capital.

Patel received a master’s degree in civil engineering from the University of Bristol. He is based in PitchBook’s London office. Read less «

Navina Rajan is a senior research analyst at PitchBook, covering EMEA Private Capital. Prior to PitchBook, she was a lead equity research analyst at Morgan Stanley, where she covered single stock and thematic research over the chemicals, internet, and food retail sectors. Rajan received a first-class bachelor’s degree in economics from Warwick University. She is based in PitchBook’s London office. Read less «

Nicolas Moura is a senior EMEA private capital research analyst at PitchBook, where he covers the PE and VC markets in Europe. He contributes to quarterly core reports as well as analyst notes on various topics. Prior to PitchBook, Moura worked as an equity research analyst first at Berenberg and then at Mirabaud, transitioning from being a sector analyst into a generalist.

Moura received a bachelor’s degree in economics and business from University College of London (UCL) and a master’s degree in finance from Imperial College Business School. He is based in PitchBook’s London office. Read less «

Hilary Wiek is a senior strategist at PitchBook, where she leads PitchBook’s coverage of fund strategies and performance, publishing primary research on the alternatives space and contributing to core report development. Wiek also heads PitchBook’s coverage of the ESG/impact investing space.

She has over 20 years of experience in asset owner, manager and advisory roles. Prior to joining PitchBook, Wiek was the director of investments at the Saint Paul & Minnesota Foundations, where she handled portfolio management, impact/ESG, investment diligence, and monitoring and investment operations. Before that, she worked in senior positions at Segal Rogerscasey, the South Carolina Retirement Systems Investment Commission, Buckingham Financial Group, Dayton Power & Light and KeyCorp.

Wiek received a master’s degree in finance and economics from Case Western Reserve University and a bachelor’s degree in business leadership and finance from the University of Puget Sound. She is based in PitchBook’s Seattle office. Read less «

Anikka Villegas is a senior fund strategies & sustainable investing analyst at PitchBook, where she publishes primary research on the alternatives space, contributes to core reports, and serves as an ESG and impact investing specialist. Prior to joining PitchBook, Villegas was an ESG analyst at Bridge House Advisors, an ESG and sustainability advisory firm. Before that, she was an associate at Malk Partners, a consultancy advising private market investors on ESG risk management and value creation.

Villegas received a bachelor’s degree in philosophy, politics, and economics from Pomona College. She is based in PitchBook’s Seattle office. Read less «

James Ulan is the Director of Research, Emerging Technology at PitchBook. Prior to joining PitchBook, he worked as an equity research analyst at Credit Suisse on the number-one ranked Institutional Investor consumer finance team where he analyzed consumer lenders, digital banking and fintech.

Ulan holds an MBA from the NYU Stern School of Business, magna cum laude, and attended the University of Maryland College Park, where he majored in Economics and Criminal Justice. Read less «

Alex Frederick is a senior emerging technology analyst at PitchBook, where he contributes to the firm’s emerging technology research covering the foodtech and agtech verticals. He authors quarterly deep dives into these verticals and produces thematic analyst notes. His expertise is frequently cited in top-tier publications, including Business Insider, Bloomberg and CNBC. Prior to PitchBook, Frederick worked as a venture associate at Impact Engine, an impact investing firm focused on tech-enabled businesses in healthcare, education, economic empowerment, and resource efficiency.

Frederick holds an MBA from the University of Chicago Booth School of Business and a bachelor’s degree from Indiana University. He is based in PitchBook’s Seattle office. Read less «

Jonathan Geurkink is a senior emerging technology analyst at PitchBook, where he contributes to the firm’s Emerging Tech Research covering the mobility tech and supply chain tech verticals. Prior to joining PitchBook, Jonathan ran Possession Point Partners, LLC, an investment partnership that used machine learning to automate the investment research process. Before PPP, LLC, Jonathan worked for a number of buy-side and sell-side firms in investment research and portfolio management in Seattle, San Francisco, and Chicago. His research has been cited in The Wall Street Journal and Bloomberg, among other outlets.

Jonathan has an MBA from the University of California, Berkeley, an MA in International Relations from the University of Chicago, and a BA in Asian Studies from the University of Colorado, Boulder. Read less «

Kazi Y. Helal is a senior research analyst at PitchBook, where he leads the firm’s coverage of biotech, including the biopharma & pharmatech verticals. Prior to joining PitchBook, he worked in biotech venture capital at HBM Partners and ARCH Venture Partners. He also served as a business development consultant to several early-stage biotech startups.

Helal holds a Ph.D. in chemical & biological engineering from Northwestern University and a bachelor’s degree in chemical & biomolecular engineering with a minor in philosophy from New York University. He is based in PitchBook’s New York office. Read less «

Derek Hernandez is a Senior Research Analyst at PitchBook, where he contributes to the firm’s Emerging Technology Research with broad coverage of the enterprise and infrastructure saas sectors. Prior to joining PitchBook, Hernandez was an equity research vice president covering the software sector at Rosenblatt Securities, leveraging over a decade of sell-side equity research experience across various sectors and investment banks.

Hernandez is a graduate of Columbia University with a Bachelor of Science in Applied Physics and of Bard College with a Bachelor of Arts in Physics. He is based in PitchBook’s New York office. Read less «

Robert Le is a senior emerging technology analyst at PitchBook, where he contributes to the firm’s Emerging Tech Research covering financial services. Le serves as PitchBook’s lead fintech and insurtech analyst, covering a wide array of technologies including payments, alternative lending, and insurance marketplaces, among others. His expertise has been cited in top-tier publications such as CNBC, CNN and Forbes. Prior to joining PitchBook, he held associate positions at PwC and Silicon Valley Bank.

Le holds an MBA from Carnegie Mellon University and a bachelor’s degree from the University of California, Irvine. He is based in PitchBook’s New York office. Read less «

John MacDonagh is a senior emerging technology analyst, contributing to PitchBook’s emerging technology research in the climate technology space. Prior to joining PitchBook, John was a senior research analyst at Chartis research, a risk technology research company where he focused on risk and technology software for the energy and commodities space.

MacDonagh holds a Master’s degree in Ecology, Evolution, and Conservation from Imperial College London and a BS in Biology from the University of Sheffield. He is based in PitchBook’s New York office. Read less «

Rudy Yang is a senior emerging technology analyst at PitchBook covering the fintech vertical. His work has often been cited by top-tier publications, including Barron’s, CNBC, and Yahoo. Prior to joining PitchBook, Rudy was the lead equity research analyst covering the consumer discretionary sector at Berenberg Capital Markets.

Rudy holds a bachelor’s degree in finance from Rutgers University. He is based in PitchBook’s San Francisco office. Read less «

Eric Bellomo is a research analyst at PitchBook, where he supports the firm’s emerging technology research covering e-commerce and gaming. He authors quarterly deep dives and thematic analyst notes on these verticals. Prior to joining PitchBook, Bellomo was a researcher at Forrester Research and a digital product manager at EF Ultimate Break.

Bellomo holds a bachelor’s degree in economics from Villanova University. He is based in PitchBook’s San Francisco office. Read less «

Aaron DeGagne is an emerging technology research analyst at PitchBook, where he covers digital health and medical technology. He contributes to quarterly and annual vertical reports and produces analyst notes on emerging technologies and deal flow in healthcare. Prior to this role, he was a public equity analyst at Morningstar covering healthcare devices and diagnostics.

DeGagne received a bachelor’s degree in finance from the University of Notre Dame and is a CFA charterholder. He is based in PitchBook’s Seattle office. Read less «

Ali Javaheri is an emerging technology research analyst at PitchBook, where he covers and maintains Emerging Spaces. The Emerging Spaces tool is a technology discovery tool within the PitchBook Platform that allows users to find niche, buzzing frontier technologies. Prior to PitchBook, Javaheri conducted private sector research on global regulatory policy for digital currencies and pandemic-induced shifts in alternative asset allocations.

Javaheri has a master’s degree in International Finance from Columbia University and a bachelor’s degree in International Relations from George Mason University. He is based in PitchBook’s New York office. Read less «

Jim Corridore is a senior industrials research analyst at PitchBook, where he lead’s the firm’s coverage of the industrials space, including aerospace and defense, construction and engineering and airlines, among other sectors. Prior to joining PitchBook, he had a 30 year career in public equity including director of industrials equity research roles at S&P Global and CFRA, and as a senior equity analyst at Argus Research.

Jim has a B.S. from the State University of New York at Albany where he graduated with a bachelors in finance and economics. He is based in PitchBook’s New York office. Read less «

Ben Riccio is an associate analyst at PitchBook, where he contributes to the firm’s emerging technology research. Ben supports coverage across the team’s verticals, including agtech, foodtech, and artificial intelligence.

Ben holds a bachelor’s degree in biology, along with a minor in finance from Boston College. He is based in PitchBook’s New York office. Read less «

Zane Carmean is Director, Quantitative Research at PitchBook, where he conducts data analysis, creates financial models, and authors research reports and thematic analyst notes covering private markets. Carmean helped launch PitchBook’s Quantitative Perspectives series, a new report style that provides a fully quantitatively-driven narrative of the current and future states of private markets. In addition, he helped build PitchBook’s proprietary valuation models to analyze the GP stakes market as well as cash flow forecasting tools to assist allocators in estimating future cash flow and commitment pacing needs. Carmean also helps build new capabilities for clients to leverage PitchBook data sets.

Prior to PitchBook, he was a senior associate at Green Street Advisors where he conducted the research and analytics behind many of the firm’s strategic research reports in the commercial real estate industry. Carmean received bachelor’s degrees in finance and economics from Loyola University Chicago and a master’s degree in finance from the Bocconi University in Milan. He is also a CFA charterholder and CAIA charterholder. He is based in PitchBook’s Seattle office. Read less «

Andy White is the Lead Research Intelligence Engineer at PitchBook, where he was a founding member of the firm’s data analyst function. White currently leads automation and novel analysis efforts, in addition to developing and implementing methodologies used in PitchBook’s asset class and technology research. White helped launch PitchBook’s Quantitative Perspectives series, a report that provides a fully quantitative-driven narrative of the current and future states of private markets. His work has been featured in top-tier publications such as CNBC, Entrepreneur, Fast Company and Forbes.

Prior to this role, White worked on PitchBook’s secondary research team. He received his bachelor’s degree in economics from the University of Washington. He is based in PitchBook’s Seattle office. Read less «

Andrew Akers is a senior quantitative research analyst at PitchBook, where he contributes to data-driven research focusing on private equity, asset allocation and the broader financial markets. He also develops tools for the PitchBook Platform, including PitchBook’s Investor Style framework. Akers has published in-depth research on private equity fund returns, their impact on an investor’s portfolio, and the artificial smoothing of reported returns. Prior to PitchBook, Akers was a research analyst and portfolio manager at Verus Advisory, an institutional investment consultant, where he helped inform the firm’s asset allocation decisions and manage its discretionary portfolios.

A CFA charter holder, Akers received a bachelor’s degree in finance from Washington State University and is currently pursuing a master’s degree in analytics from Georgia Tech University. He is based in PitchBook’s Seattle office. Read less «

Nathan Schwartz is a quanititative research analyst at PitchBook. Prior to PitchBook, Schwartz was a portfolio analyst at Russel Investments where he managed US fixed income portfolios for retail and institutional clients.

Schwartz received his bachelor’s degree in finance from Gonzaga University and a master’s degree in finance from the Carlson School of Management at the University of Minnesota. He is also a CFA charterholder. He is based in PitchBook’s Seattle Office. Read less «

Susan Hu is an associate quantitative research analyst at PitchBook, where she contributes to data-driven research across private market asset classes. Prior to this role, Hu worked as a Senior Data Analyst, supporting the US venture capital research team at PitchBook. She has contributed to the development of PitchBook’s breakout of the venture growth and pre-seed stages of the VC market.

Hu received a master’s degree in information systems and a bachelor’s degree in economics from the University of Washington. She is also pursuing a master’s degree in data science from the University of Texas. She is based in PitchBook’s Seattle Office. Read less «

Miles Ostroff is an associate quantitative research analyst at PitchBook, where he contributes to data-driven research across private market asset classes. Prior to PitchBook, Miles was actively involved with his university’s investment club and served as Co-President of the FinTech Club.

Miles holds a bachelor’s degree from Cornell University. He is based in PitchBook’s Seattle office. Read less «

Miyer Levy is the Head of Research Operations for the LCD team. Levy held Director, Index Manager, and Analyst positions for twenty years at S&P Global Market Intelligence and LCD prior to joining PitchBook.

Levy holds a BS in Finance from Pace University - Lubin School of Business. He is based in PitchBook’s New York office. Read less «

Taron Wade is a director on LCD’s London team, leading European research. She most recently was a director for the European Corporate Research team at S&P Global Ratings, with a focus on capital markets. Prior to that, she wrote about the credit markets for Breakingviews and was loans and leveraged finance editor for EuroWeek (now Global Capital). Taron spent the first five years of her career writing for various capital market newsletters published by Institutional Investor, both in New York and in London.

She graduated from Cornell University with a B.S. in Applied Economics and Business Management. Read less «

Rachelle Kakouris is a director in LCD’s credit research team. Kakouris specializes in data-driven trend analysis and commentary on the leveraged credit markets, focusing her efforts on showcasing developments and movements as tracked by LCD’s credit market data, and the Morningstar LSTA Leveraged Loan Index — a widely used proxy for the $1.4 trillion leveraged loan market.

Joining S&P/LCD in 2014, Kakouris honed her leveraged finance background covering the distressed debt market; placing particular emphasis on unearthing the detail behind the balance sheet maneuvers of companies on the brink, and market-moving trends as they relate to stress identifiers in broader market indices.

Before joining LCD, Kakouris wrote for Reuters and IFR on the US high-yield corporate bond market in New York, and prior to that on sovereign and covered bonds as a markets reporter in London. Kakouris got her start as a research analyst at Thomson Financial, and post-grad roles at UBS and WestLB. Read less «

Sara Wahba joined LCD in 2017 and oversees the data management of the US new issuance market. This includes broadly syndicated and direct lending loans, high-yield, and high-grade bonds. Prior to joining LCD, she focused on reference data management for the leveraged finance market at S&P Global. Read less «

Nick Cisneros is the senior analyst at LCD covering private credit. Prior to LCD, Nick was a senior credit research analyst at SVB Asset Management covering securitized products and healthcare investments.

Nick holds a BS in Economics from Santa Clara University and is based in New York City. Read less «

Neil Harmon joined LCD’s London team in 2022 as a European leverage loans analyst. He most recently was the Associate Director for European Equities for S&P Dow Jones Indices focusing on complex corporate actions. Prior to that Harmon worked at FTSE calculating and maintaining the headlining UK series including the FTSE 100. Harmon has nearly 3 decades of experience in the financial services industry. Read less «

Cuong Huynh joined the leveraged loan index team at LCD in 2010 to track the US and European secondary loan markets through their respective indexes. Since then, he has expanded his coverage to include broadly syndicated loans, along with high-yield and high-grade bonds. Prior to LCD, Huynh focused on data management for structured finance and school evaluation at S&P Global. Read less «