Capital Markets Investors
Capstone's Capital Markets Advantage
Proposed regulation and a burgeoning activist philosophy on the part of regulators is transforming industry. Our team complements its expertise in policy and politics with substantial investment buy-side and sell-side experience. We rigorously identify and quantify regulatory and political risks and opportunities in a wide swath of companies and specific transactions, providing differentiated insight in the process.
We dig deeper
Our process always involves a deep-dive analysis of state, federal, and international, and global policy. Our analysts mine news outlets, legislation, events, and other public resources to come up with unique investment ideas with a policy angle. We leverage our extensive outreach to relevant industry associations, advocacy groups, regulators, policymakers, and think tanks to gain a solid understanding of the relevant political landscape and the issues at hand. Our analysts focus on the minutiae of public policy by reading and reviewing public documents, including proposed rules and comment letters, proposed and enacted legislation, as well as policy meetings and hearings.
We engage
Our analysts regularly consult with our clients to help them understand important policy issues. An engagement with Capstone includes the ability to request ad-hoc policy research on existing and potential investments. At the direction of clients, our team can quickly identify key regulatory issues impacting investments. We treat client requests with complete confidentiality. Our focus on a fee-based model, rather than one requiring us to drive trading volume among our clients, allows us to maintain a more compact customer base permitting a more robust dialogue with our clients than our peers.
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Our Latest Insights
New Pentagon Funding Opens up Opportunities for Nontraditional Defense Contractors
By Elena McGovern and Michael Wang, National Security Team Capstone believes the FY26 National Defense Authorization Act (NDAA) will create opportunities for innovative nontraditional defense contractors while increasing the risk to incumbent vendors. The US...
Our Biggest Trade Policy Calls: What We Got Right and Wrong and What We LearnedÂ
October 6, 2025 By Andrew Gier, CFA, Head of Capstone’s Trade & Tariffs Practice Taking the stage after being inaugurated as the 47th President of the United States on January 20th, President Trump reiterated a thought he had shared often during his...
How State Scrutiny Is Impacting Healthcare Private Equity Ownership
Created by Grace Totman, Co-Head of Capstone's Healthcare Practice Regulatory scrutiny around healthcare consolidation – specifically private equity investments – has increased over the past couple of years. Although federal investigations often receive the most...
