PitchBook’s research and analysis team

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PitchBook’s Institutional Research Group is a provider of investment strategy, fund performance and industry research. The group leverages PitchBook’s proprietary data, such as valuations, deal multiples, and fund returns, to deliver analysis that allows clients to quickly gauge trends, price transactions, assess risks and identify notable company sets in the private capital markets.

The team's coverage spans private equity, venture capital, real assets, leveraged loans, high-yield bonds and private credit asset classes. PitchBook also provides full-time analyst coverage of emerging technology industries, delivering comprehensive assessments of disruptive sectors to help clients better segment and size markets, understand company and investor landscapes, evaluate opportunities and develop conviction around the growth trajectories of emerging industries.

Meet the Team

The research team comprises former business operators, investors, consultants and buy-side/sell-side equity research analysts. Everyday the analysts monitor industry developments, scour news and trade publications, attend industry conferences and communicate directly with investors and management teams to provide timely, differentiated, actionable insights.

PitchBook analysts are available for comment and are frequently featured in top-tier media outlets such as The Wall Street Journal, Bloomberg, CNBC and the Financial Times, among others.

Meet the analysts

Leadership Team

  • Nizar Tarhuni
    Nizar Tarhuni
    Vice President of Editorial & Institutional Research
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    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 60 global analysts and journalists. He also serves on PitchBook’s senior leadership team.

    He has been a featured speaker at various industry conferences and is regularly cited in top-tier publications including The Wall Street Journal, CNBC, Bloomberg and the Financial Times.

    Tarhuni received a bachelor’s degree in economics and finance from Linfield University and is based in PitchBook’s Seattle office.

    Read bio »
    Nizar Tarhuni, Vice President of Editorial & Institutional Research at PitchBook

    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 60 global analysts and journalists. He also serves on PitchBook’s senior leadership team.

    He has been a featured speaker at various industry conferences and is regularly cited in top-tier publications including The Wall Street Journal, CNBC, Bloomberg and the Financial Times.

    Tarhuni received a bachelor’s degree in economics and finance from Linfield University and is based in PitchBook’s Seattle office.

  • Paul Condra
    Paul Condra
    Head of Industry & Technology Research
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    Paul Condra serves as the head of emerging technology research at PitchBook, where he oversees a team of analysts covering the AI & ML, digital commerce, fintech, foodtech, healthtech, information security, IoT, mobility, supply chain tech and wellness tech verticals, among others. Condra also serves as PitchBook’s lead cloudtech analyst.

    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 bio »
    Paul Condra, Head of Industry & Technology Research at PitchBook

    Paul Condra serves as the head of emerging technology research at PitchBook, where he oversees a team of analysts covering the AI & ML, digital commerce, fintech, foodtech, healthtech, information security, IoT, mobility, supply chain tech and wellness tech verticals, among others. Condra also serves as PitchBook’s lead cloudtech analyst.

    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.

  • Daniel Cook
    Daniel Cook, CFA
    Head of Quantitative Research
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    Daniel Cook is the head of quantitative research 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 bio »
    Daniel Cook, CFA - Head of Quantitative Research at PitchBook

    Daniel Cook is the head of quantitative research 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.

  • Dylan Cox
    Dylan Cox, CFA
    Head of Private Markets Research
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    Dylan Cox is the head of private markets research at PitchBook and leads the firm’s coverage of private equity and venture capital in the EMEA region. Cox oversees a team of analysts producing quarterly industry reports and thematic analyst notes spanning private equity, venture capital, and fund strategies and performance. Cox’s expertise has been cited in numerous top-tier publications including The New York Times, Fortune and Institutional Investor. Prior to joining PitchBook, Cox was an analyst at real estate investment fund Core Capital.

    Cox received a bachelor’s degree in economics and business administration from Chapman University. He is based in PitchBook’s Seattle office.

    Read bio »
    Dylan Cox, CFA - Head of Private Markets Research at PitchBook

    Dylan Cox is the head of private markets research at PitchBook and leads the firm’s coverage of private equity and venture capital in the EMEA region. Cox oversees a team of analysts producing quarterly industry reports and thematic analyst notes spanning private equity, venture capital, and fund strategies and performance. Cox’s expertise has been cited in numerous top-tier publications including The New York Times, Fortune and Institutional Investor. Prior to joining PitchBook, Cox was an analyst at real estate investment fund Core Capital.

    Cox received a bachelor’s degree in economics and business administration from Chapman University. He is based in PitchBook’s Seattle office.

US Private Equity Research

  • Tim Clarke
    Tim Clarke
    Lead Research Analyst, Private Equity
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    Tim Clarke is a senior private equity analyst at PitchBook, where he covers the evolution and major trends shaping the PE industry. He also contributes to quarterly core reports on global M&A, fundraising, exit activity and fund performance relating to PE strategies as well as thematic notes on various topics. Prior to joining PitchBook, he led the private markets research team at AGC Partners, a top-ranked technology investment bank, where he published over 220 reports spanning all segments of the private technology ecosystem and related activity in tech capital markets.

    Clarke received a bachelor’s degree in English Literature from Trinity College. He is based in PitchBook’s New York office.

    Read bio »
    Tim Clarke, Lead Research Analyst, Private Equity at PitchBook

    Tim Clarke is a senior private equity analyst at PitchBook, where he covers the evolution and major trends shaping the PE industry. He also contributes to quarterly core reports on global M&A, fundraising, exit activity and fund performance relating to PE strategies as well as thematic notes on various topics. Prior to joining PitchBook, he led the private markets research team at AGC Partners, a top-ranked technology investment bank, where he published over 220 reports spanning all segments of the private technology ecosystem and related activity in tech capital markets.

    Clarke received a bachelor’s degree in English Literature from Trinity College. He is based in PitchBook’s New York office.

  • Jinny Choi
    Jinny Choi
    Research Analyst, Private Equity
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    Jinny Choi is a private equity analyst at PitchBook, where she focuses on the PE team’s technology coverage and produces quarterly PE and M&A reports. 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 analytics.

    Choi earned 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 bio »
    Jinny Choi, Research Analyst, Private Equity at PitchBook

    Jinny Choi is a private equity analyst at PitchBook, where she focuses on the PE team’s technology coverage and produces quarterly PE and M&A reports. 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 analytics.

    Choi earned 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.

  • Kyle Walters
    Kyle Walters
    Associate Research Analyst, Private Equity
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    Kyle Walters is an associate 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 bio »
    Kyle Walters, Associate Research Analyst, Private Equity at PitchBook

    Kyle Walters is an associate 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.

US Venture Capital Research

  • Kyle Stanford
    Kyle Stanford, CAIA
    Senior Research Analyst, Venture Capital Lead
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    Kyle Stanford is a lead venture capital research analyst at PitchBook, where he oversees a team of analysts covering the US venture market. He covers nontraditional VC investment and venture ecosystem development. He also contributes to quarterly core reports and produces thematic analyst notes on various topics. 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.

    Stanford received a bachelor’s degree in history from the University of Washington. He is based in PitchBook’s Seattle office.

    Read bio »
    Kyle Stanford, CAIA - Senior Research Analyst, Venture Capital Lead at PitchBook

    Kyle Stanford is a lead venture capital research analyst at PitchBook, where he oversees a team of analysts covering the US venture market. He covers nontraditional VC investment and venture ecosystem development. He also contributes to quarterly core reports and produces thematic analyst notes on various topics. 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.

    Stanford received a bachelor’s degree in history from the University of Washington. He is based in PitchBook’s Seattle office.

  • Vincent Harrison
    Vincent Harrison
    Research Analyst, Venture Capital
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    Vincent Harrison is a venture capital research analyst at PitchBook, where he contributes to the firm’s research efforts covering all aspects of the venture ecosystem. His research and expertise focus primarily on early- and growth-stage venture capital, nontraditional investors, M&A, exits and fundraising. Prior to joining PitchBook, Harrison was the founder of his own fintech company that focused on consumer data monetization, and he was also an Associate at Goldman Sachs within their Asset Management Division.

    Harrison holds a bachelor’s degree in Hospitality from Cornell University. He is based in PitchBook’s New York office.

    Read bio »
    Vincent Harrison, Research Analyst, Venture Capital at PitchBook

    Vincent Harrison is a venture capital research analyst at PitchBook, where he contributes to the firm’s research efforts covering all aspects of the venture ecosystem. His research and expertise focus primarily on early- and growth-stage venture capital, nontraditional investors, M&A, exits and fundraising. Prior to joining PitchBook, Harrison was the founder of his own fintech company that focused on consumer data monetization, and he was also an Associate at Goldman Sachs within their Asset Management Division.

    Harrison holds a bachelor’s degree in Hospitality from Cornell University. He is based in PitchBook’s New York office.

  • Max Navas
    Max Navas
    Research Analyst, Venture Capital
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    Max Navas is a venture capital research analyst at PitchBook, where he contributes to the firm’s VC reporting. Prior to joining PitchBook, Max worked as a senior financial analyst at Defined.AI, a Series B startup in the AI space. Before venturing into the startup scene, Max worked as a senior portfolio manager at a Seattle-based VC micro fund, Keiretsu Capital.

    Max holds an MBA, a bachelor’s degree in English, and a minor in mathematics from the University of Washington. He is based in PitchBook’s Seattle Office.

    Read bio »
    Max Navas, Research Analyst, Venture Capital at PitchBook

    Max Navas is a venture capital research analyst at PitchBook, where he contributes to the firm’s VC reporting. Prior to joining PitchBook, Max worked as a senior financial analyst at Defined.AI, a Series B startup in the AI space. Before venturing into the startup scene, Max worked as a senior portfolio manager at a Seattle-based VC micro fund, Keiretsu Capital.

    Max holds an MBA, a bachelor’s degree in English, and a minor in mathematics from the University of Washington. He is based in PitchBook’s Seattle Office.

  • Kaidi Gao
    Kaidi Gao
    Associate Research Analyst, Venture Capital
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    Kaidi Gao is an associate 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 bio »
    Kaidi Gao, Associate Research Analyst, Venture Capital at PitchBook

    Kaidi Gao is an associate 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.

EMEA Private Capital Research

  • Nalin Patel
    Nalin Patel
    Lead Research Analyst, EMEA Private Capital
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    Nalin Patel is a lead private capital research analyst 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 bio »
    Nalin Patel, Lead Research Analyst, EMEA Private Capital at PitchBook

    Nalin Patel is a lead private capital research analyst 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.

  • Nicolas Moura
    Nicolas Moura, CFA
    Research Analyst, EMEA Private Capital
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    Nicolas Moura is an 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 bio »
    Nicolas Moura, CFA - Research Analyst, EMEA Private Capital at PitchBook

    Nicolas Moura is an 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.

Fund Research

  • Hilary Wiek
    Hilary Wiek, CFA, CAIA
    Senior Strategist
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    Hilary Wiek is a lead analyst 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 bio »
    Hilary Wiek, CFA, CAIA - Senior Strategist at PitchBook

    Hilary Wiek is a lead analyst 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.

  • Juliet Clemens
    Juliet Clemens
    Research Analyst, Funds
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    Juliet Clemens is a fund strategies research analyst at PitchBook, where she covers private asset fundraising and fund performance. Prior to PitchBook, Juliet spent four years working in private placements, assisting fund managers with their fundraising processes and connecting managers with institutional investors.

    Clemens received a bachelor’s degree in Comparative Literature from New York University. She is based in PitchBook’s Seattle office.

    Read bio »
    Juliet Clemens, Research Analyst, Funds at PitchBook

    Juliet Clemens is a fund strategies research analyst at PitchBook, where she covers private asset fundraising and fund performance. Prior to PitchBook, Juliet spent four years working in private placements, assisting fund managers with their fundraising processes and connecting managers with institutional investors.

    Clemens received a bachelor’s degree in Comparative Literature from New York University. She is based in PitchBook’s Seattle office.

  • Anikka Villegas
    Anikka Villegas
    Research Analyst, Funds
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    Anikka Villegas is a fund strategies & sustainable investing research 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 bio »
    Anikka Villegas, Research Analyst, Funds at PitchBook

    Anikka Villegas is a fund strategies & sustainable investing research 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.

Industry and Technology Research

  • James Ulan
    James Ulan
    Lead Research Analyst
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    James Ulan is a lead emerging technology analyst 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 bio »
    James Ulan, Lead Research Analyst at PitchBook

    James Ulan is a lead emerging technology analyst 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.

  • Rebecca Springer
    Rebecca Springer, Ph.D.
    Senior Research Analyst, Healthcare Lead
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    Rebecca Springer is a senior emerging technology analyst at PitchBook, where she contributes to the firm’s Emerging Tech Research covering the healthtech vertical. Springer’s insights have been cited in numerous publications including Business Insider, Buyouts and Modern Healthcare. Prior to PitchBook, Springer was an analyst at Ithaka S+R, a strategy and research consultancy to the higher education and information science sectors. She was also a college lecturer at the University of Oxford.

    Springer earned a bachelor’s degree from Yale University, a master’s degree from the University of Cambridge, and a doctorate from the University of Oxford. She is based in PitchBook’s Seattle office.

    Read bio »
    Rebecca Springer, Ph.D. - Senior Research Analyst, Healthcare Lead at PitchBook

    Rebecca Springer is a senior emerging technology analyst at PitchBook, where she contributes to the firm’s Emerging Tech Research covering the healthtech vertical. Springer’s insights have been cited in numerous publications including Business Insider, Buyouts and Modern Healthcare. Prior to PitchBook, Springer was an analyst at Ithaka S+R, a strategy and research consultancy to the higher education and information science sectors. She was also a college lecturer at the University of Oxford.

    Springer earned a bachelor’s degree from Yale University, a master’s degree from the University of Cambridge, and a doctorate from the University of Oxford. She is based in PitchBook’s Seattle office.

  • Brendan Burke
    Brendan Burke
    Senior Research Analyst, AI & ML, Information Security, and Internet of Things
    Read bio »

    Brendan Burke is a senior emerging technology analyst at PitchBook, where he contributes to the firm’s emerging technology research covering the AI & machine learning, information security and IoT verticals. His research has been cited in top-tier media outlets, including the Financial Times, The New York Times and The Washington Post. Prior to joining PitchBook, Burke was the head of research at Astrion Capital, a boutique investment bank.

    Burke holds a bachelor’s degree in legal studies from Amherst College. He is based in PitchBook’s Seattle office.

    Read bio »
    Brendan Burke, Senior Research Analyst, AI & ML, Information Security, and Internet of Things at PitchBook

    Brendan Burke is a senior emerging technology analyst at PitchBook, where he contributes to the firm’s emerging technology research covering the AI & machine learning, information security and IoT verticals. His research has been cited in top-tier media outlets, including the Financial Times, The New York Times and The Washington Post. Prior to joining PitchBook, Burke was the head of research at Astrion Capital, a boutique investment bank.

    Burke holds a bachelor’s degree in legal studies from Amherst College. He is based in PitchBook’s Seattle office.

  • Alex Frederick
    Alex Frederick
    Senior Research Analyst, Agtech and Foodtech
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    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 bio »
    Alex Frederick, Senior Research Analyst, Agtech and Foodtech at PitchBook

    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.

  • Jonathan Geurkink
    Jonathan Geurkink
    Senior Research Analyst, Mobility Tech and Supply Chain Tech
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    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 bio »
    Jonathan Geurkink, Senior Research Analyst, Mobility Tech and Supply Chain Tech at PitchBook

    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.

  • Derek Hernandez
    Derek Hernandez
    Senior Research Analyst, Saas
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    Derek Hernandez is a senior emerging technology research analyst at PitchBook, where he contributes to the firm’s Emerging Technology Research with broad coverage of the enterprise SaaS sector. 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 bio »
    Derek Hernandez, Senior Research Analyst, Saas at PitchBook

    Derek Hernandez is a senior emerging technology research analyst at PitchBook, where he contributes to the firm’s Emerging Technology Research with broad coverage of the enterprise SaaS sector. 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.

  • Robert Le
    Robert Le
    Senior Research Analyst, Cryptocurrency and Insurtech
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    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 bio »
    Robert Le, Senior Research Analyst, Cryptocurrency and Insurtech at PitchBook

    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.

  • John MacDonagh
    John MacDonagh
    Senior Research Analyst, Carbon & Emissions Tech and Clean Energy Tech
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    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 bio »
    John MacDonagh, Senior Research Analyst, Carbon & Emissions Tech and Clean Energy Tech at PitchBook

    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.

  • Rudy Yang
    Rudy Yang
    Senior Research Analyst, Fintech
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    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. Yang holds a bachelor’s degree in finance from Rutgers University. He is based in PitchBook’s New York office.

    Read bio »
    Rudy Yang, Senior Research Analyst, Fintech at PitchBook

    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. Yang holds a bachelor’s degree in finance from Rutgers University. He is based in PitchBook’s New York office.

  • Eric Bellomo
    Eric Bellomo
    Research Analyst, E-commerce, Gaming, and the Metaverse
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    Eric Bellomo is an emerging technology analyst at PitchBook, where he supports the firm’s emerging technology research covering e-commerce, gaming and the metaverse. 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 bio »
    Eric Bellomo, Research Analyst, E-commerce, Gaming, and the Metaverse at PitchBook

    Eric Bellomo is an emerging technology analyst at PitchBook, where he supports the firm’s emerging technology research covering e-commerce, gaming and the metaverse. 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.

  • Aaron DeGagne
    Aaron DeGagne, CFA
    Research Analyst, Digital Health and Medtech
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    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 Chicago.

    Read bio »
    Aaron DeGagne, CFA - Research Analyst, Digital Health and Medtech at PitchBook

    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 Chicago.

  • Ali Javaheri
    Ali Javaheri
    Associate Research Analyst, Emerging Spaces
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    Ali Javaheri is an associate 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 bio »
    Ali Javaheri, Associate Research Analyst, Emerging Spaces at PitchBook

    Ali Javaheri is an associate 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.

Quantitative Research

  • Zane Carmean
    Zane Carmean, CFA, CAIA
    Lead Research Analyst, Quantitative and Fund Research
    Read bio »

    Zane Carmean is a quantitative research analyst 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 bio »
    Zane Carmean, CFA, CAIA - Lead Research Analyst, Quantitative and Fund Research at PitchBook

    Zane Carmean is a quantitative research analyst 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.

  • Andy White
    Andy White
    Lead Quantitative Research Analyst
    Read bio »

    Andy White is the lead quantitative research analyst 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 bio »
    Andy White, Lead Quantitative Research Analyst at PitchBook

    Andy White is the lead quantitative research analyst 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.

  • Andrew Akers
    Andrew Akers, CFA
    Senior Quantitative Research Analyst
    Read bio »

    Andrew Akers is a 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 bio »
    Andrew Akers, CFA - Senior Quantitative Research Analyst at PitchBook

    Andrew Akers is a 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.

  • Alex Warfel
    Alex Warfel, CFA
    Quantitative Research Analyst
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    Alex Warfel is a data analyst on the quantitative research team at PitchBook, where he contributes to data-driven research and timely analysis on the global private markets. Warfel also develops tools for the PitchBook Platform, including PitchBook’s VC Dealmaking Indicator, which estimates the fundraising environment for early- and late-stage financings. Prior to joining PitchBook, he was a business intelligence developer at IPC Global and an associate analyst at Coventry.

    Warfel received his bachelor’s degree in business administration and finance with a minor in math from the Marist College School of Management. He is also a CFA charterholder. He is based in PitchBook’s Seattle office.

    Read bio »
    Alex Warfel, CFA - Quantitative Research Analyst at PitchBook

    Alex Warfel is a data analyst on the quantitative research team at PitchBook, where he contributes to data-driven research and timely analysis on the global private markets. Warfel also develops tools for the PitchBook Platform, including PitchBook’s VC Dealmaking Indicator, which estimates the fundraising environment for early- and late-stage financings. Prior to joining PitchBook, he was a business intelligence developer at IPC Global and an associate analyst at Coventry.

    Warfel received his bachelor’s degree in business administration and finance with a minor in math from the Marist College School of Management. He is also a CFA charterholder. He is based in PitchBook’s Seattle office.

  • Timothy Cheng
    Timothy Cheng
    Associate Quantitative Research Analyst
    Read bio »

    Timothy Cheng is an associate quantitative research analyst at PitchBook, where he leverages analytical tools to help support data-driven research and quantitative reports on private markets. Prior to joining PitchBook, Cheng was an analyst at PNC Bank within the anti-money laundering division, where he ran downstream analysis to maximize fraud capture.

    Cheng holds a bachelor’s degree in statistics with a minor in math from Texas A&M University, as well as a master’s degree in Business Analytics from The University of Texas at Austin. He is based in PitchBook’s Seattle office.

    Read bio »
    Timothy Cheng, Associate Quantitative Research Analyst at PitchBook

    Timothy Cheng is an associate quantitative research analyst at PitchBook, where he leverages analytical tools to help support data-driven research and quantitative reports on private markets. Prior to joining PitchBook, Cheng was an analyst at PNC Bank within the anti-money laundering division, where he ran downstream analysis to maximize fraud capture.

    Cheng holds a bachelor’s degree in statistics with a minor in math from Texas A&M University, as well as a master’s degree in Business Analytics from The University of Texas at Austin. He is based in PitchBook’s Seattle office.

  • Parker Dean
    Parker Dean
    Associate Quantitative Research Analyst
    Read bio »

    Parker Dean is an associate quantitative research analyst at PitchBook, where he leverages PitchBook private and public markets data to produce research and visualizations in support of the publishing work of private equity, venture capital, fund strategies and vertical-specific analysts.

    Dean holds bachelor’s degrees in economics and philosophy from the College of William & Mary. He is based in PitchBook’s Seattle office.

    Read bio »
    Parker Dean, Associate Quantitative Research Analyst at PitchBook

    Parker Dean is an associate quantitative research analyst at PitchBook, where he leverages PitchBook private and public markets data to produce research and visualizations in support of the publishing work of private equity, venture capital, fund strategies and vertical-specific analysts.

    Dean holds bachelor’s degrees in economics and philosophy from the College of William & Mary. He is based in PitchBook’s Seattle office.

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