Industry and company
Record market structure, product position, customer use, and competitive boundaries.
01 / PRIVATE EQUITY NOTES
New York · Private equity
Investment work that can be reviewed
I’m Eric Zhao. My work covers North American enterprise software and fintech research, financial analysis, transaction execution, and commercial diligence.
Scope
Research, execution, and post-investment planning
I keep industry views, operating data, management interviews, and adviser input in the same working record. When definitions conflict, the difference stays visible until the evidence is strong enough to resolve it. A polished memo is useful, but it cannot fill a gap in the source material.
How material enters an investment discussion
Financials and unit economics
Reconcile revenue quality, cost structure, cash conversion, and operating definitions.
Transaction and risk
Connect assumptions, open items, adviser input, and transaction terms.
Post-investment plan
Turn value-creation ideas into reviewable work items with clear ownership.
Employment and education
Current rolePrivate Equity Investment Manager
Blackstone · Full-time · New York, United States
EducationPeking University
Finance · Bachelor of Economics · 2013–2017
Investment notes
Recent writing
The notes use public methods and clearly labelled hypothetical situations. They do not describe clients, transactions, or investment performance.
Investment memo · Review
Finding breaks in an investment memo
Read ↗Unit economics · Financial analysis
Connecting unit economics to the general ledger
Read ↗Commercial diligence · Management interviews
Keeping a commercial diligence question log focused
Read ↗Contact