https://www.raizerandco.com/blog/Daily notes on private equity, commodities, trade finance and M&A. https://www.raizerandco.com/blog/reading-the-curve/https://www.raizerandco.com/blog/reading-the-curve/Wed, 28 Oct 2026 08:00:00 +0000The shape of a commodity's forward curve decides whether storing a cargo pays, how a borrowing base should be sized and where a hedged deal can still break. https://www.raizerandco.com/blog/cases/https://www.raizerandco.com/blog/cases/Wed, 28 Oct 2026 08:00:00 +0000Blackstone's Hilton buyout and the Kraft Heinz merger, read side by side: growth and deleveraging against cost alone. https://www.raizerandco.com/blog/automation/https://www.raizerandco.com/blog/automation/Tue, 27 Oct 2026 08:00:00 +0000Clean ingestion, feature engineering and decision automation turn raw telemetry into hard-dollar savings. Two examples at scale. https://www.raizerandco.com/blog/metrics/https://www.raizerandco.com/blog/metrics/Mon, 26 Oct 2026 08:00:00 +0000Four measures that separate durable businesses from leaky buckets, and how to read each one. https://www.raizerandco.com/blog/eta-search/https://www.raizerandco.com/blog/eta-search/Sun, 25 Oct 2026 08:00:00 +0000The search fund path rewards focused, thesis-driven sourcing and a proprietary outreach engine that runs until live conversations surface. https://www.raizerandco.com/blog/pe-101/https://www.raizerandco.com/blog/pe-101/Sat, 24 Oct 2026 08:00:00 +0000Value creation in buyouts comes from three levers, and higher rates have moved the weight decisively toward operational earnings growth. https://www.raizerandco.com/blog/outlook-2026/https://www.raizerandco.com/blog/outlook-2026/Fri, 26 Sep 2025 08:00:00 +0000AI infrastructure and power, dual-use defense, Mexico nearshoring and a possible LNG oversupply: where we see 2026 taking shape. https://www.raizerandco.com/blog/valuation/https://www.raizerandco.com/blog/valuation/Thu, 25 Sep 2025 08:00:00 +0000With the S&P 500 near 22 to 23 times forward earnings, ROIC against WACC and unit economics are the checks that matter. https://www.raizerandco.com/blog/amortization/https://www.raizerandco.com/blog/amortization/Wed, 24 Sep 2025 08:00:00 +0000Term Loan A amortizes evenly, Term Loan B is mostly bullet with cash sweeps: the levers that decide how fast a deal deleverages. https://www.raizerandco.com/blog/leverage/https://www.raizerandco.com/blog/leverage/Tue, 23 Sep 2025 08:00:00 +0000Investment-grade issuance spiked after the cut, high yield is selective and private credit remains pivotal for sponsor deals. https://www.raizerandco.com/blog/eta/https://www.raizerandco.com/blog/eta/Mon, 22 Sep 2025 08:00:00 +0000Long-run studies from Stanford and IESE still show strong returns for search funds; the edge is in repeat-purchase B2B services. https://www.raizerandco.com/blog/ma-deals/https://www.raizerandco.com/blog/ma-deals/Sun, 21 Sep 2025 08:00:00 +0000Global M&A is back above $2.6T year to date, with acquirers funding more with equity and cash and regulators still setting the pace. https://www.raizerandco.com/blog/private-equity/https://www.raizerandco.com/blog/private-equity/Sat, 20 Sep 2025 08:00:00 +0000Europe led first-half activity and exits while global fundraising stays off its peaks, opening room for add-ons and creative liquidity. https://www.raizerandco.com/blog/macro/https://www.raizerandco.com/blog/macro/Fri, 19 Sep 2025 08:00:00 +0000Inflation re-accelerated while unemployment drifted up and the Fed cut 25 bps. That mix argues for selective risk-on with quality and cash-flow resilience. https://www.raizerandco.com/blog/data-moats/https://www.raizerandco.com/blog/data-moats/Fri, 12 Sep 2025 08:00:00 +0000Scale leads to a product edge, and the product edge to monetization. Four companies that show how proprietary data compounds. https://www.raizerandco.com/blog/framing-a-thesis/https://www.raizerandco.com/blog/framing-a-thesis/Thu, 11 Sep 2025 08:00:00 +0000Every thesis we work on answers three questions: what we measure, how the market is mapped, and what could break. https://www.raizerandco.com/blog/valuation-anchors/https://www.raizerandco.com/blog/valuation-anchors/Wed, 10 Sep 2025 08:00:00 +0000A premium quality multiple, a hypergrowth multiple and a transaction anchor: three comps we keep at hand and when each one applies. https://www.raizerandco.com/blog/lbo-cases/https://www.raizerandco.com/blog/lbo-cases/Tue, 09 Sep 2025 08:00:00 +0000Blackstone's Hilton and the Dell go-private, read for the lesson that matters: EBITDA growth and deleveraging, not multiple expansion. https://www.raizerandco.com/blog/ma-premiums/https://www.raizerandco.com/blog/ma-premiums/Mon, 08 Sep 2025 08:00:00 +0000Microsoft and Activision Blizzard, Exxon Mobil and Pioneer: two very large premiums, and what had to be true for each one to work.