Commissioned research

Fixed-scope research for investment committees.

Research for private equity, infrastructure and private credit funds taking a decision to an investment or credit committee, scoped to the decision and to the evidence that can answer it. The products and their fees are published below. Questions go to research@inashanu.com.

The assignment

How an assignment is scoped

Market structure, competitive position, investment assumptions and a second read of an existing thesis. The catalogue sets out the deliverables and fixed fees. Scope and delivery date are confirmed before work starts.

Evidence sufficiency comes first

A brief is assessed before a price is issued. Where the available record cannot support the required standard, the limitations are set out in writing. The assessment carries no charge and no obligation to proceed.

One-off fees
A$14,000 to A$45,000
Fixed scope, excluding GST.
Delivery
8 to 20 business days
From countersignature.
Brief assessment
Nil charge
A written assessment before a quote.
Written response
2 business days
From receipt of a brief.

Source: inashanu price schedule, effective 21 September 2026.

Nil charge and two business days: terms of engagement, acceptance of briefs. As at 20 September 2026.

Catalogue

Fixed-scope products and fees

Prices exclude GST and are fixed at countersignature of the scope schedule. Delivery is stated in business days from countersignature. Named options carry published increments, which are set out in the scope schedule before work starts.

Source: inashanu price schedule, effective 21 September 2026.

Held off the scale

Standing engagement, catalogue item 07, is A$12,000 a month on a twelve-month term.

The full terms are at catalogue item 07 below.

  1. Catalogue item 01. Market map

    The structure of a defined sector, sized bottom up. Ships with a live workbook and the source log.

    A$14,00010 business days
  2. Catalogue item 02. Competitive teardown

    Three named entities, reconstructed from their own published artefacts. Ships with an entity-level evidence file.Additional named entities are A$4,500 each, quoted in the scope schedule before work starts.

    A$19,00012 business days
  3. Catalogue item 03. Pre-IC screening memo

    The question, the evidence, the three assumptions that carry the outcome, and the condition under which the conclusion would be wrong.

    A$24,00012 business days
  4. Catalogue item 04. Industry primer

    A structured dataset, a bottom-up model and an interactive explorer for a defined market.

    A$32,00020 business days
  5. Catalogue item 05. Second read

    A conclusion reached without sight of yours, fixed and time-stamped before yours is disclosed, followed by a concurrence and divergence matrix.

    A$45,00015 business days
  6. Catalogue item 06. Assumption stress test

    Your model, audited for the assumptions that drive the outcome and for the market share, penetration or price realisation the base case requires.

    A$16,0008 business days
  7. Catalogue item 07. Standing engagement

    One named market, maintained. A monthly change report, up to three written questions answered within two business days, and the dataset refreshed each month.Twelve-month term, three months' notice.

    A$12,000 per monthMonthly

The price quoted is the price invoiced. Scope, price and delivery date do not change without a countersigned variation.

A brief states the decision and the date it has to be made.

The written reply will name the product that answers the question, the price and the delivery date. Where the evidence base will not carry findings at our standard, it will say so and name what is missing. There is no charge for either reply.

Terms

A summary of the terms of engagement

What it costs
Six deliverables, one fixed price each, A$14,000 to A$45,000 excluding GST, and a standing engagement at A$12,000 a month. The price is fixed at countersignature of the scope schedule, and the price quoted is the price invoiced.
Scope clause, on the terms page
How long it takes
8 to 20 business days from countersignature, stated against each product in the catalogue. The standing engagement runs monthly for a twelve-month term.
Scope clause, on the terms page
What arrives
The report, the structured dataset behind it and the working model with its formulas live, together with the source log and the register of questions the evidence did not answer. The files remain with the client after delivery.
Delivered files clause, on the terms page
What is included in the fee
One round of revisions, as defined in the full terms of engagement issued with the engagement letter.
Scope clause, on the terms page
Where the evidence runs out
Each deliverable includes a register of the questions within its scope that the available evidence did not answer, with the effect of each on the findings.
Limitations clause, on the terms page
If a brief is declined
We set out in writing what the available record does and does not contain, and what would have to become available for the question to be answerable. There is no charge for that assessment.
Acceptance of briefs clause, on the terms page
If the market moves before the committee sits
Sources are reviewed within two business days of delivery and any material development to that date is reflected in the deliverable.
Currency clause, on the terms page
How a figure can be checked
Each quantitative statement carries a citation to its source and the date to which that source is current. An estimate produced by us is identified as an estimate and the basis is stated.
Sourcing clause, on the terms page
What the work is, in law
Deliverables comprise research and analysis. They do not constitute financial product advice, legal advice or a recommendation to enter into any transaction, and recipients should obtain advice from an appropriately licensed adviser.
Character of the work clause, on the terms page
What happens to a brief
When commissioning opens, information submitted with a brief will be used to prepare the assessment and to price the engagement. It will not be placed in a link or a query string, will not be disclosed to a third party, and will be deleted on request.
Brief content clause, on the terms page

Source: inashanu price schedule, effective 21 September 2026.

A summary of the terms is published before anything is quoted.

The full terms of engagement are issued with the engagement letter and countersigned before work begins. Nothing in the engagement is settled after the scope schedule is countersigned.

Commissioning

How a brief is assessed.

The products and fees above are the published schedule, and the terms of engagement set out how a brief is assessed and priced.

Source: inashanu price schedule, effective 21 September 2026.

Acceptance of briefs

Briefs are assessed before a price is issued. A brief is declined where the available evidence base will not support findings at the standard set out in our terms. This most commonly arises where the subject is a small private market with no filings, no regulator returns and no published pricing, or where the question turns on information held only by the parties to a transaction.

Where a brief is declined, we set out in writing what the available record does and does not contain, and what would have to become available for the question to be answerable. There is no charge for that assessment.

Acceptance of briefs: terms of engagement. As at 20 September 2026.