For Portfolio Managers · Funds · Family Offices

Bespoke Research for
Professional Investors

Deep, primary-source research on the Canadian small- and mid-cap universe most institutional desks cannot cover economically. Commissioned work — you keep every decision.

The Opportunity

Where the Information Edge Actually Exists

The TSX and TSX-V small- and mid-cap universe is structurally under-researched. Sell-side desks can't cover these names economically. Buy-side teams don't have the bandwidth for primary-filing work on micro and small caps. The result: a universe where genuine, durable information edges still exist for those willing to do the primary work.

This is what The Venture Analyst does. Every engagement starts from SEDAR+ and SEC filings — not screeners, not IR summaries. The financial modeling is built ground-up. Assumptions are explicit. The bear case is required.

The track record across 23+ covered names is public, timestamped, and verifiable. It is not a marketing claim — it can be checked.

Independent Input — You Keep Every Decision

Commissioned research is independent analytical input, not a recommendation service. You direct what gets covered, the format, and the depth. Every decision — including whether to act — stays with you. That's the correct relationship between analyst and portfolio manager.

  • Differentiated idea generation in a structurally under-covered market
  • Bespoke commissioned deep-dives on specific names or sectors
  • Full financial modeling — DCF, comparables, NAV, FCF
  • Forensic primary-filing analysis (SEDAR+, SEC, MD&As, AIFs)
  • Sector mapping and comparative work across peer groups
  • Earnings review and ongoing coverage for held positions
  • Documented, verifiable track record — not a marketing claim
Deliverables

What a Commissioned Engagement Includes

Scope is structured per engagement. Common formats below — combinations and custom scopes are the norm, not the exception.

Depth Coverage
Full Initiation Report
  • Business model, competitive positioning, moat assessment
  • Primary-filing financial forensics — 3–5 year history
  • Multi-model valuation with explicit assumptions
  • Investment thesis, price target, and exit criteria
  • Credible bear case — required before any publication
Modeling Work
Valuation & Financial Model
  • DCF with scenario analysis and driver sensitivity
  • EV/EBITDA and revenue comparables — peer group sourced
  • NAV or FCF yield frameworks where applicable
  • Full model file delivered — assumptions fully documented
  • Available standalone or integrated with a report
Ongoing Work
Continuous Coverage
  • Quarterly earnings reviews — same-day or next-day
  • Model updates as results and guidance change
  • Thesis tracking — flagging when the story changes
  • Sector check-ins as relevant events develop
  • Structured as an ongoing arrangement — terms per engagement
Sector Work
Bespoke Sector Analysis
  • Peer group mapping within a defined universe
  • Comparative valuation across sector names
  • Identifying which names are mispriced relative to peers
  • Thematic work — identifying structural sector tailwinds
  • Delivered as a report or model set — your format preference
Coverage Universe

Sector Experience

Primary research and financial modeling produced across these sectors within the Canadian small- and mid-cap universe. Commissioned work available on any listed Canadian company.

Industrials

Infrastructure services, specialty industrials, power equipment, environmental services, hydrovac

Specialty Financials

Alternative asset managers, closed-end funds, GP co-investment vehicles, specialty lenders

Healthcare

Medical devices, accessibility solutions, patient-care platforms, healthcare services

Energy & Environment

Water treatment, environmental services, energy services, specialty resources