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
Why Foreign Entity Rules Could Upend Energy Tax Credits and More
June 9, 2025 By Charlotte Jenkins and Andrew LaScaleia, Capstone Energy Analysts Since Trump first took office in 2017, his administration and Congress alike have asked US companies to reduce their reliance on Chinese suppliers and investors. With the One Big...
Data Centers, AI, and the Fierce Arms Race Playing out in State Capitols
June 2, 2025 By Kennedy Nickerson and Josh Price, Capstone energy analysts You can’t talk about energy policy these days without talking about artificial intelligence (AI) and data centers. Considering the vast amount of electricity they can consume, the frenzy makes...
The Coming SLG Boom
May 27, 2025 By Matt Wiederrecht, Head of Capstone's Special Situations Team Capstone believes companies and investors are underappreciating opportunities associated with state and local governments (SLGs) spending—particularly in construction, govtech, and outsourced...
