Research that filters signal from noise.
Avalon Capital Research publishes independent analysis of US-listed equities, indices, and the macro forces behind them, written for fund managers, allocators, and serious investors.
We cover individual companies, sector trends, monetary policy, and the political decisions that move markets.
Every trading day, we publish Closing Bell, our end-of-day market briefing on Substack: recaps of the major indices, standout stocks, and volatility, along with macro takeaways and forward-looking commentary. We also publish research reports.
7,000+
Subscribers
$10-250M
AUM Clients Served
Mon-Friday
Research Published
OUR SERVICES
Institutional-grade analysis, on demand.
The performance of an in-house research desk, without the cost of building one.
Beyond our published research, we work directly with private equity funds, family offices, and institutional investors on a contract basis. Typical clients manage $10M-$250M and need the same depth a larger organization gets internally.
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Engaged by
Private equity funds, family offices, and institutional investors managing $10M–$250M.
Timing
Scoped per deal. Typical turnaround 2–4 weeks.
Sectors
Biotech, surgical robotics, semiconductor equipment, trucking and logistics, expedited freight, B2B SaaS, FinTech, AI, manufacturing.
What it is
A full CDD report covering market sizing, competitive positioning, financial performance analysis, balance sheet review, peer benchmarking, risk assessment, and valuation.
Deliverables
Board and Investment Committee-ready standalone document
Market sizing with named comparables
Financial performance + balance sheet review
Risk assessment and valuation framework
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Engaged by
Funds that need analytical depth on specific sectors without carrying a full-time analyst.
Timing
Quarterly publication, ad-hoc between.
Sectors
Tailored to mandate.
What it is
Living coverage of your priority verticals, refreshed around earnings cycles and material market-moving events.
Deliverables
Quarterly sector landscape memo
Earnings-driven update notes
Comp set maintained in shared workbook
Direct line to the analyst between updates
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Engaged by
GPs 12–36 months into ownership, or preparing for a process.
Timing
Ongoing or single-engagement.
Sectors
Public and private comparables across covered sectors.
What it is
A clear read on whether the value-creation thesis is on track, and what to do if not.
Deliverables
Quarterly thesis tracking memo
Operating KPI redlines vs. underwrite
Exit narrative draft (CIM-ready)
Board pre-read packs
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Engaged by
Funds with broad mandates and limited sourcing bandwidth.
Timing
Weekly cadence.
Sectors
Filtered by mandate.
What it is
Screened pipeline. Not a SaaS firehose, not "AI for X" filler.
Deliverables
Weekly screened list (10–25 names)
One-pager on top three each week
Quarterly review of conversion math
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Engaged by
Sub-$250M funds without a dedicated IR resource.
Timing
Quarterly. Annual AGM deck on cycle.
Sectors
Mandate-agnostic.
What it is
LP comms that read like the GP wrote them, because the GP signed off on every line.
Deliverables
Quarterly LP letter (draft + final)
Annual AGM deck
1:1 LP brief drafts
OUR APPROACH
Financial research in a format any serious investor can use.
Our method is simple:
We produce research on companies and the forces that move markets, written plainly enough to act on. If a piece doesn't help you make a better-informed decision, we haven't done our job.
Questions
Every piece starts with a question worth answering, not a thesis we set out to defend.
Data Inputs
Seeking Alpha, FactSet, and our own models. Primary sources, not aggregated headlines.
Publishing
Timed to earnings and the events that move prices, so you read it before the move, not after.
FEATURED ARTICLES