Stockholm
Periodization Capital
Research
A student-run capital research organization focused on producing institutional-quality financial analysis — spanning equity research, macroeconomic reporting, and fundamental valuation, including LBO modeling, DCF analysis, and long-form growth theses.
About
Rigorous analysis.
Measured conviction.
Periodization Capital Research Financial is a Stockholm-based independent research and advisory firm. We provide institutional-grade financial analysis to select clients across the Nordic region and beyond.
Founded on principles of intellectual rigour and analytical independence, PCR serves family offices, institutional investors, and corporate clients seeking a disciplined approach to capital allocation and risk assessment.
Our work is characterised by depth over breadth — we commit to understanding markets at a fundamental level, eschewing consensus in favour of proprietary research frameworks developed over decades of practice.
Investment Philosophy
Principles that
govern our work
Independent Thinking
We maintain strict analytical independence. Our conclusions are derived from proprietary research, not market consensus or third-party ratings.
Long-Term Orientation
Capital cycles operate on timescales that reward patience. Our analysis is structured around secular trends and structural shifts, not quarterly noise.
Risk-First Framework
Every investment thesis begins with a rigorous assessment of downside scenarios. We believe superior returns are a consequence of superior risk management.
Transparency of Process
Our clients receive full visibility into our analytical methodology. We document our assumptions, data sources, and the logic chain behind every recommendation.
Research & Advisory
Areas of focus
Access our proprietary research reports spanning alternative investments, macroeconomic analysis, corporate advisory, and institutional research.
Alternative Investments
Deep-dive analysis of private equity, private credit, real assets, and hedge fund strategies.
View publications →Macro & Capital Markets
Proprietary research on macroeconomic conditions, interest rate dynamics, and cross-border capital flows.
View publications →Corporate Advisory
Strategic financial analysis for corporate decision-makers — capital structure optimisation and M&A due diligence.
View publications →Institutional Research
Bespoke research reports for pension funds, endowments, sovereign wealth entities, and family offices.
View publications →Leadership
Our team
Udyat Kapasi
Co-Founder & Head of Equity Research
Finance & Accounting at Handelshögskolan. Leads equity research strategy and oversees the firm's analytical framework for Nordic and emerging market equities.
Astrid Bergqvist
Head of Research
PhD in Financial Economics from the Stockholm School of Economics. Former senior analyst at Carnegie Investment Bank with expertise in Nordic credit markets. Directs the research agenda and methodology across all verticals.
Henrik Johansson
Senior Analyst
Chartered Financial Analyst with 15 years of experience in macro research and quantitative strategy. Previously with SEB Investment Management. Specialises in fixed-income analytics and cross-asset correlation modelling.
Contact
Get in touch
For inquiries regarding our research services or advisory capabilities, please reach out directly. We respond to all professional correspondence within two business days.
Address
Strandvägen 7A114 56 Stockholm
Sweden
info@pcr-financial.se
Telephone
+46 (0)8 123 456 78