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Envelope-to: vetyl@ponjosonek.com
Delivery-date: Fri, 24 Oct 2025 18:17:25 +0700
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Date: Fri, 24 Oct 2025 11:16:42 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: Blackstone: 'Deal dam is breaking'
To: vetyl@ponjosonek.com

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f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span =
style=3D"color: #78766f; font-size: 1px; display: none !important;"> VC def=
ense tech scales up in Europe; OpenAI keeps shopping spree going; PE dealma=
king bounces back in UK </span></td>
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                                -webkit-text-size-adjust: 70%; text-size-ad=
just:70%; -ms-text-size-adjust: 70%; text-align: center;">October 24, 2025 =
&nbsp;&nbsp;|&nbsp;&nbsp;&nbsp;<a href=3D"https://url6380.news.pitchbook.co=
m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4p4ypeM6=
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k" style=3D"text-decoration: underline; color: #1D5080">Manage your subscri=
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orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa=
n></td>
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             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>VC, =
PE and M&amp;A</span></td>
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             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 14px; padding-top: 11px; padding-bottom: 38px"><span>=
Your edge on global private capital markets</span></td>
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0px; font-family: Roboto, Arial, sans-serif;
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d morning.</b> In today's Daily Pitch, we look at why Blackstone sees an en=
d to the PE distribution drought, where defense tech VC is headed in Europe=
 and how <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4p4ypeM64NYxSiGqIF7VFaqafX=
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niversal=3D"true"><b>OpenAI is continuing its acquisition streak</b></a>.</=
td>
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me=3D"n_573957" id=3D"n_573957" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Blackstone sees end to PE dist=
ribution drought </span></td>
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t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;=
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etty Images)</td>
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Janelle Bradley, Private Equity Reporter</i><br><br>
                               Blackstone saw an uptick in realizations fro=
m its PE portfolio during Q3, a hopeful sign that the industry will once ag=
ain be able to return significant capital to investors after a multi-year d=
rought in distributions.<br><br>
                               The $1.2 trillion asset manager, whose perfo=
rmance is closely watched by the rest of the market, reported $9.3 billion =
in realizations from its PE business, marking its highest quarterly total o=
f the year so far, according to a presentation accompanying its Thursday ea=
rnings call.<br><br>
                               This total represents a notable increase fro=
m the $7.1 billion recorded in Q2, when market uncertainty and tariff fears=
 weighed on dealmaking. Blackstone accrued $33.4 billion in PE realizations=
 over the last 12 months.<br><br>
                               =E2=80=9CDirectionally healthier markets, mo=
re liquid markets, better credit markets, better IPO markets; that's health=
ier for realizations,=E2=80=9D said COO Jon Gray on the call.<br><br>
                               =E2=80=9CThe deal dam is breaking,=E2=80=9D =
he added.<br><br>
                               Blackstone is capitalizing on a resurgent wi=
ndow for exits as PE sponsors reacquaint themselves with public markets. Ac=
cording to PitchBook data, Q3 saw eight PE-backed IPOs, a sign of renewed i=
nvestor appetite after a prolonged drought, though the recovery has proved =
concentrated in certain sectors, such as energy.<br><br>
                               Of the PE-backed companies that went public =
in Q3, Blackstone participated as a seller in three, said chairman and CEO =
Stephen Schwarzman.<br><br>
                               These included the sale of internet provider=
 Hotwire Communications to Brookfield Asset Management in a deal valuing th=
e business at around $7 billion. The transaction was announced in June, but=
 Blackstone exited the company fully in Q3.<br><br>
                               Engineering services provider and Blackstone=
 portfolio company Legence went public in September, fetching a valuation o=
f $2.85 billion.</td>
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ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4p4ypeM64NYxS=
iGqIF7VFZuRw-2BVY0UhPnf2bxJhoUFg-3D-3Dp4rP_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw=
lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBb=
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0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFS=
DuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcks4eJHaff1g4qaBwDlO=
iYL-2FqMGlmrIg1wIDBymQbhApv3tN-2BeiM0C2a4DZSRuq4tB09ACBTfetgiwC9tYOIQQICYm7=
Qhgh80L6mYdcGdRtRlMgD8zfXTSRBW-2FYCk4voVjYG9xH-2BkzmBCHPd7MvUS0JIPj3WXP-2FQ=
pjIXUuKQuc0KnTzSgN-2FdrHVefICEtoJbAC5FZ4iw3BLfOkaGRHui7anSTZGrlnjEXAGZY572I=
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0;" test=3D"" universal=3D"true">Q3 2025 US PE Breakdown </a></b></td>
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                                                                font-weight=
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D22q7BB1F4L-2FoSxbUxVBpsQNpkgM0wR55ArDxVnNfwBj1NvhbEMb9tUdfOwM25Q2e3gCgxDer=
n-2Bz62oOgh8jaLrYqANHpHY-2BVipXCJuPnF5HLTRnPNPM8qAaYMR7m9kzACFLtakNV9h6ummT=
VSwWfPP5iZ1XSqUVln"> <img align=3D"center" alt=3D"" src=3D"https://img.pitc=
hbook.com/news/70953.png" style=3D"border: none; max-width: 420px;">  </a><=
/td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>The world=E2=80=99s fastest-growing c=
ompanies are AI startups=E2=80=94and they are rewriting the rules of scale.=
<br><br>
                               Stripe=E2=80=99s <i>Indexing the AI economy<=
/i> report reveals insights about how top AI companies achieve unprecedente=
d growth. AI companies reach $1M in annualized revenue 4 months faster than=
 even the fastest SaaS companies. They=E2=80=99re building global-first bus=
inesses, selling into twice as many countries as previous technology waves =
did from Day 1.<br><br>
                               What=E2=80=99s driving this acceleration? In=
novative go-to-market models and monetization strategies that match how AI =
actually works: flexible, usage-based pricing that scales and delivers incr=
edible value to customers.<br><br>
                               Get the data and insights that reveal how th=
e world=E2=80=99s fastest-scaling AI companies are rewriting the growth pla=
ybook.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4p4ypeM64NYxSiGqIF7VFcVBf=
VoLa-2FieAkl8s7RhcTQ-3D-3D75yG_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX=
6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P=
6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriB=
yPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcSMv3g-2FWHbrdJrUvjuM-2BxcHpxCsJ=
B-2FG64EHItvaOcgl-2FwJhlEg-2FEPaZGtjsn93bM3dYkNbwbB7PSqQRlVRrYcR0-2F6MFTVOa=
-2BscXwmRfek0SgI8vDLBkBTLOe6yhtvI1VEPiV7TH38xUFVTBmi0Ij3JA0DbtUU-2F9HqqjjAE=
c4mw5BEIbpcaVFGFu3Y-2BuxWLHZ7-2FIp8EOse2LGZoXTgXWhHFngpx-2FdvGKuVjKd0nnef2W=
6OWHIqmSGr2gImX0OOfRi90paewBfbrUECcnQ-2B7Upry" style=3D"color: #1D5080;" te=
st=3D"">Get the report</a></td>
                              </tr>
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                              </table></td>
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                          </table></td>
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                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
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                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
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                  </table></td>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
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dth: 100%;">
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                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>OpenAI's shopping spree continues</b> with its acquisition of startu=
p Software Applications, which offers an AI assistant for Mac computers. Th=
e ChatGPT maker has recently spent billions buying startups, including Io P=
roducts, the AI hardware specialist led by former Apple design exec Jony Iv=
e. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4p4ypeM64NYxSiGqIF7VFaqafXhAUrWZ=
heHblp6sE6g-3D-3DQ_yw_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43=
kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGaz=
F-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJlo=
Ziu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9=
gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdZjLGh31XnVSDipJ-2FKhU-2FqJjgyz3coU6rRyOC=
65zh6UCZclkhhy4-2F39jzd6KdbXF7bOrEDJHJJ3BM1wsbNmezGF-2Fp6cYRSPjZu2tFaDRgNze=
5-2BVJDmerU4Jz5StITXXCswJBbTT0PEPv-2BPQB9s0Fu1lwJI3QZQwIJixE1QsjgZOTBSxkCNV=
ZJxl8OKVRiHmVVOQhiSjFuyPwLFZbCEjSvJMp2SwzFW9Le8pva4EVS3dizfMbr1wL2vCkqTG1Gj=
YkM3VZaH4qp-2FBg4nA0bzrBwz" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true"><b>Full story</b></a><br><br>
                               =E2=80=A2 <b>UK PE dealmaking rebounded</b> =
to =C2=A354.4 billion, according to our Q3 2025 UK Market Snapshot. A surge=
 in buyouts boosted quarterly deal value to its highest level since Q1 2022=
. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4p4ypeM64NYxSiGqIF7VFkTF8g7VlLp7h=
Ec8Iec0yYg-3D-3D-T-U_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF=
-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZ=
iu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9g=
RIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcO398RuEzcs6mu1B-2BAmSUmOKncIEGutRVtkoB75-=
2FZIt-2FSjagFtoHxX8KnLJ03wpjAFjKa-2B0OCBTdb2qCtNA4QPfc7dEWQkZemmSgBYCUVRkTK=
GdebyzOKxyMCqzo15eZSqlIA2aEFK1waQCzubgBO-2FxiSWZ8wp5CvvS-2B8Yy6s-2BqHx2pv8q=
P6eVMFkAPZamDYvBQ5nadPoO8lgEVgxgmjWxI63vKjTsP1QNKxUOu1CMZHUZJ9o6dCC3FonrzMn=
Ek43JIU-2BBo1CkmVGmRSmR13AJ" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true"><b>Read more</b></a> or <a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW2=
vG4FoY6g91lEo2TGoL-2FcnujDexcVqgu-2BjfvHoShDaw-3D-3DeGXL_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZg=
quC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38=
n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29Y=
hA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpf9Mjc3=
w-2Bdq80WlBzr70ZYYW1UZYy-2BptKov74H-2FyV6uHmw5xbxwMz35nakoiokgQXVCr-2BiXqTO=
H2w8fsB-2F4WNFe7iPJNQZTIcHApfHdVKtsdUQ5JktE3GFU046PMwt9JenK01cFJwEksZuRfxVy=
jpHH21fhXAcIjXxoLS8h9gAKNuE3w-2FmqPOJCXS5ooBdaojmgqU1f62X3U-2BVgb8kzaln9ODD=
X0azkG7-2FfLDSVq1cq-2BiJr9KtAucl-2B3t-2B9Z9HGhmWBuCiLc2AOUE-2FQIP7wZXS3" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>download the full Q=
3 2025 UK Market Snapshot</b></a></td>
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573965" id=3D"n_573965" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Europe's VC defense tech secto=
r sharpens focus on weapons, hardware </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Leah Hodgson, Senior VC Reporter</i><br><br>
                               Specialized hardware and weapons systems are=
 becoming priorities for VCs as their appetite for Europe's defense tech ma=
rket heats up.<br><br>
                               European startups in the space secured $4.2 =
billion in the first nine months of this year, nearly reaching 2024's total=
, according to our latest <a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g=
91lEo2TGoL-2FcPyDrI-2BGmWakxE9eDg6d4aw-3D-3DPbNW_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6=
BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6K=
t9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEm=
ZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcLEwocmI8oJucw=
c9Pesm5fc1EgRZGJi6nEgB1cyvEF-2FQ8OFwRSka-2B6PgRsk0QVOD-2Frt-2BJuCY6JEGKUInU=
9BXvdykqfihbIGmXCBcGMBsw-2BPK2lw1IJDXuds-2Bvzfr9kcfWj00nHYSQck4m86034-2FD-2=
BaIwpDuWIID1HcXI4Jqxc3rio2V2trpoopHAugANi72NlmWE1WO53LiIjHPsHEopIOLNhYieakj=
XXq8vxBF932J8DCMyXAcEZIhbsjUmZIy-2BTmwlwwrsPG7PQzJ6AthZfc" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true"><b>Emerging Tech Research</b></a>.<b=
r><br>
                               The segment attracting the most funding is a=
utonomy and platforms, which includes autonomous air and ground systems. De=
fense AI, command-and-control and mission software=E2=80=94covering AI-driv=
en systems for mission planning, decision support and training=E2=80=94have=
 also received significant funding over the past year.<br><br>
                               But one area is increasingly gaining tractio=
n: strike, air defense and counter-unmanned aerial systems.<br><br>
                               This segment, which has only recently been o=
n VCs' radar, encompasses technologies ranging from detecting and neutraliz=
ing hostile drones to innovative strike systems such as lightweight precisi=
on missiles and tactical projectiles.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g91lEo2TGoL-2FcPyDrI-2=
BGmWakxE9eDg6d4aw-3D-3D_lAI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6Ap=
vEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ=
-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPX=
bZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpc3jc4ppHyJcaz0UFZIBWcjTUdq6JPrLAlA8=
o-2Frr0KHfvS-2BLpRCK9uaTsi-2FsGfb3hQvcLX324IAMK94-2BgV3xIlwbMlJlGuef4H4VTRp=
Io1y04VsxVKHJNB82qn6aVw6s5SLnow1AxQDsS6xowFSjyukw7fBrojNe0GbsXdfXrkJR445dCy=
aUoWoljoJOX4NLgcxuC6Rq0aDg6dMiCPD8ijKbVfYCi-2FdVgc7VuqPecBeV7qga6Uc0K4EAaFO=
0deNb3Wz0L3MaxI7CwbOpMkVMHtW" universal=3D"true"> <img align=3D"center" alt=
=3D"" src=3D"https://img.pitchbook.com/news/71043.png" style=3D"border: non=
e; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">While =
not the most heavily funded segment of the defense tech market, it is the f=
astest growing. Through Q3 2025, startups in the space had raised just unde=
r $250 million, compared to just $5.1 million in 2024.<br><br>
                               The sudden rise in investment in strike, air=
 defense and counter-UAS comes as investors and LPs increasingly embrace si=
ngle-use technologies.<br><br>
                               For years, dual-use technologies=E2=80=94tho=
se that can serve both civilian and military purposes=E2=80=94were the only=
 way for investors to gain exposure to defense due to ESG or other factors.=
 But mindsets among European LPs and GPs are changing as geopolitical confl=
icts intensify.<br><br>
                               Earlier this year, Estonian LP SmartCap laun=
ched a defense fund. Finnish pension fund Varma removed some restrictions o=
n defense investments, now only excluding companies making "controversial w=
eapons."<br><br>
                               Companies in the strike, air defense and cou=
nter-UAS space can have dual-use applications, for example, in civil aviati=
on safety or weather monitoring. But the fact that single-use players and w=
eapons makers are now part of the investable set marks a psychological shif=
t in the VC ecosystem.<br><br>
                               Besides shifting mindsets, this segment now =
presents a clear financial case. European defense budgets have dramatically=
 increased, with regional total defense spending surpassing 2% of GDP.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-btn">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g91lEo2TGoL-2FcPyDrI-2BGmWakxE9eDg6d4aw-3D=
-3DiKWc_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
R315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F=
7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-=
2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrs=
LSzoITMcJHNPtjd3GHUpcIG3SCf9wraK6dLmTKBsILUbnk6T-2B0rcON-2BvT2ZR8KDC1vtwZ8z=
asF3SniXTWUL07cCfUo0D8TMVflH1CUShc8iv9EDlqt2bSCozbkVXVYV3Dhn0RX4mUOd4BvNQsX=
bBBHDESTXaEzrLlMfP1vL3iBd2QdTz5Ep5lkoQte0fFHYfjEjt-2F01thirj9HFRUxHmFzYgf2H=
KTlOaUuf-2FXYqVAp4TKy-2B-2FlFNmkVEVEVejtm7964-2Fyo4fN9Y5BJhgxEftaQ3PRy6cpgA=
D0mt5zzgPfzl" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 1=
8px; text-decoration: none; color: black; padding-left: 3px" target=3D"_bla=
nk" universal=3D"true">See what else our analysts discovered<img height=3D"=
24" src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D=
"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g91lEo2T=
GoL-2FcNrcG66vTW09Jgkfg-2FzdX7A-3D-3D7kRj_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl=
JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZ=
hqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0=
BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSD=
uZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpeGtbsgE89Frxs3J0-2BO8=
HEd-2B0yCWw1gHfBBq7OyzfuoPD9I-2B0-2FLuVrF2uo0kQXfBzzJAyECWrjhgo1DDNZHRhUks5=
wYL-2FmG3rKYK0sJvVPdQ6SJz9BcXUzs6pO3I1W5lW-2BKTaA2uxfsCrSdPzua0OKDmWiF7-2FQ=
zTngkEym-2FB-2B-2FZWSECsO3Qs8TGtog0yIIbY2NgzcUEe1Q4WdTwyZ4rKFqTbf2YRpcp327s=
Bco8tqhLFzkvjM3y-2F9yw22s3XTIhG8wxGXKGczxUjCiRi0gl0RvD" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">The Iron Bubble: Is defense tech overhy=
ped?</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>SPACs are back.</b> More compan=
ies are going public via SPAC in areas like nuclear energy, cryptocurrency =
and quantum computing, and it's impossible to ignore the connection to the =
Trump administration. [<a href=3D"https://url6380.news.pitchbook.com/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g91lEo2T=
GoL-2FcUPZjgeEWet7fMjTxrXtebQ-3D-3Dviug_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhq=
AlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BM=
bchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZ=
y2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdx-2FCICBOhr7xjIWvzRmQY=
w0Atfn3k5JYhag00cXdlXABAkbWrcStwI-2FFue6Pl3TlIRrEOteXMWJxRX4-2F7oRsoPdn7qet=
X23jr0bd6BV7v6Lta8LaKjLvceNA-2FmFFvqF1NOczdvpDPInIjAPa2B7dfo727TaEYOa4I5-2B=
QPgdDxQtE-2FLzHhbCahaTJI64dv8mcmqiYWH8y5n4YLzbZi6TbX27alh2Qh8KKa-2BBAAgingR=
ZThMNgkdogG1K28fXgY4YWNyvGI2cTEyyySPTyvDamSb" style=3D"color: #1D5080;" tes=
t=3D"">Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>Brain rot</b> isn't just a phen=
omenon affecting those of us scrolling TikTok in bed=E2=80=94AI models are =
impacted too. A study shows that absorbing too much low-quality content onl=
ine actually induces cognitive decline in large language models. [<a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g91lEo2TGoL-2FcfpMQPB8uxAYNPQap503jZA-=
3D-3DyBO-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68=
NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-=
2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEp=
N-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQ=
rsLSzoITMcJHNPtjd3GHUpfVCAtJqLvB-2BOZfIwCX2KlWguY6cFXAQHjWSbpwJ9wTaoxVHEjo5=
2DGuv2StQ1qWWEz9mc0z38pKMTFRqdkPBobnzcH-2F6FQoaU-2BUZVA-2B9M-2BVAJESQvZ0BpM=
50vO69BL30WHBzsYQN8gQ7GK-2Bz3wMOTSxBGBrE5DOgLdzD-2Fnh-2BrLSWXaNUn7A-2F6Y-2B=
OkFu9I2S5BgnrmORnNIgWzdZ3bug8z5lp0fpsvexeAoOu4jwLQeKiolHVeshJ6jT9oMF7INtPxZ=
MlBQLzdJo4I2yFPrfoyy" style=3D"color: #1D5080;" test=3D"">Fortune</a>]<br><=
br>
                               =E2=80=A2 <b>China envy?</b> The elites of S=
ilicon Valley are marveling at China=E2=80=99s speed in building infrastruc=
ture, its manufacturing power and its ingenious AI company DeepSeek. [<a hr=
ef=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw=
7SpSWIrf6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g91lEo2TGoL-2FcMQ9HHQxXaUMMS8pziad4a=
A-3D-3DP-Rl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA=
68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbW=
H-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCv=
EpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJE=
tQrsLSzoITMcJHNPtjd3GHUpfowwLejcq4Ws2QLOBdoXga4ppZfhJHaWbSTUfXi1-2BHcjNMMOQ=
Xx1jw-2F-2Bp-2FpsabrJ-2FdiaVAdo3gFbWLPMgEcLfX-2FftP9Mn8T-2Fw1R9exEQfzETqGtG=
ldyZkI5LixrPyzKDCpqQGCv7muyRiXdaaX80PUHRqdAbup-2FvoRByqtJeHtWUlGCoqzuHpLxMl=
dzixDknLeyxA04FGP4D2VURQZ7rj5AoObWY-2BM9Mv-2BFLG-2BvFncNcLAuTM4hjbYtrsH1of-=
2BdQ2LpvXKvZHoI2JsSqZL11Go" style=3D"color: #1D5080;" test=3D"">The New Yor=
k Times</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g91lEo2TGoL-2Fc-2FIZg3SCL9YWhsm4cbhs-2FjA-3D=
-3DWiRD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
R315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F=
7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-=
2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrs=
LSzoITMcJHNPtjd3GHUpcYrsBhF6tJXmMriPu3UzlZUp6nLh0IEIe-2BMw46ftHX5JvOEdlwvht=
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SVNpcin5mZNjhPysLUec-2F0kDXOMf0S-2BmPTbtnynyebeCBlJ-2BrjnapgjsszYiYajaHMp8i=
xb1xDpT7J-2FxhhJhwjo1gIhbpxwLGK60YU46luydELLgNdquFv4SYUUUO1EnV7VKmz4ECdx6KO=
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                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 24%=
; min-width: 24%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              676
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Deals
                              </div></td>
                             <td style=3D"display: inline-block; min-width:=
 24%;
                                                    width: 24%; text-align:=
 center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              1988
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              People
                              </div></td>
                             <td style=3D"display: inline-block; width: 24%=
;
                                                    min-width: 24%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              770
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Companies
                              </div></td>
                             <td style=3D"display: inline-block; width: 23%=
;
                                                    min-width: 23%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              17
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Funds
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding: 0 133px=
 13.3px 133px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzW2vG4FoY6g91lEo2TGoL-2Fcwg1atr6u1nLTezjQpA2a7Q-3D-3Dx=
WPb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315=
r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSX=
jZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6=
k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzo=
ITMcJHNPtjd3GHUpfie-2FR-2B4aDWasD2j0hmzHYw89WSo7gv5zznXypcMkiZaxwpbp4IgADuk=
XPXnVIQ9Klpj97SM74qOWqhR7qPYBG-2B-2BfhFzwK6VTwRLqO466HM2uu7c-2BqYBo-2BjO3YU=
L-2Ftgy3AhzQCTCTPfGni8wNUBlUU5TvU-2BZJtkeH4wIccLRuSe3qyGPdkkt3fRKM4yUVZrTNV=
RM2y7-2FeOISOxHfh0tdUW2uqNr3wuDcn-2Fz4H-2BdikMA3IUNdAVk0Vuc33rBG1kOM-2FhtDZ=
xxtW7B4bCOEwQCLdz5" target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;"> Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573960" id=3D"n_573960" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
                            <tr>
                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2017 Vint=
age Global Real Assets Funds </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
                           <tbody>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 20px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 79.56698240866035%; mi=
n-width: 79.56698240866035%; max-width: 79.56698240866035%; background-colo=
r: #1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">11.76%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">14.78%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout=
: fixed;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td align=3D"center" valign=3D"middle">
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27=
px; padding-top: 5px; padding-bottom: 5px; float: none;">
                              0.66x
                              </div>
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; color: #000000; font-size: 16px; font-weight: 24px; padding: 0 0 3=
0px 0; float: none;">
                              Median DPI
                              </div></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co=
lor: #000000; min-width: 100%;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 0 10px 0 =
5px; line-height: 24px; font-size: 14px; font-weight: 700;
 font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe=
rs</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzW2vG4FoY6g91lEo2TGoL-2FcGGHqlis2FfvLl1SoNBFGWA-3D-3Dp9Ef_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJR=
CnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSG=
hse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4P=
gM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpe=
7ohOwKHitxVQq634-2FeKyizZn8-2F2-2F1Eh-2FTqqjzCpu7k55bie852uDMf7ascZSWAYBGtU=
f6fHHjBrtaOGL6mtfHBdXiloHThAHM9b3MrObi-2F6JsB-2F4DnNzRGMKL0Uwj4naUDTy7VOl27=
NXv5Uf3P3V6mC4bbZOzW3jQCRe8e6mftJiiE3XLi7ky2UT4efBrXJ8ATFPy-2FdfQSVpwMv2VRF=
mYCUgXjFJHvsp1auApdW0M-2BmjcDBQz5vaw5oK8E0h1kpfDvJLlljCHtRF-2Biv2wuH-2F7" s=
tyle=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"t=
rue">Hawke's Point Capital </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzW2vG4FoY6g91lEo2TGoL-2FcLsQWoKnxMEGoOMbev3ncWA-3D-3D6hsu_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJR=
CnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSG=
hse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4P=
gM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpf=
PsW5kBAlefL0R-2BwxvyQMLaIPRvkDBL4TW7Sxq7gHzQwdFOLZmrQsgAxdh-2BnXjkfiI3z1VVo=
GMw2tvuJAb0aElZ7tSy2ds8mijeQw2TE-2FUQtQKPhM07hBc1fGD-2BSPrjjrxNUrKlC3ITmXsD=
DlfnLBSy5v1us2Lo0r65PFPJtMYaW0NnJxQn0FuL-2BFpBl-2Bh-2B8PCg81uvl9MmRjwobBnDC=
ujuH3NZxKiGY0ykHlh4a7LPOYeHKRLMHlzPZc6cH6no9M-2BJ2GVFojWsA96BhI20eOv" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>Ridgemont Equity Partners Energy Opportunity Fund </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWHho7qb-2FuWP-2BQ6u29ZA8Kthq-2BuwN2fVTrBsj8WeMUWIg-3D-3DBVL6_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0=
vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy=
4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5P=
hL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3G=
HUpedI1FNx07u9yI7pXGD10-2F2O40-2BUgfJ7Ezf5aldbiLI1xggFOd6S7MSupgCWeHukl7fiK=
k2XqZyoX19Uz4u5K2xGQwvTDg6tgpE1uSMs2JopJDCPJbbZGXEBIsnUBpifrWInOATUb1QRfDV5=
-2FvUzlZTtR7Q6htsjdbBJ9t6WXloLVoKngJ9dE1yDXpS1HBZ-2FGdifTk7uzicDX-2BLfb5457=
rkxS1Uz9utxYx5rA7biu5zLj95pOcvvJLt-2FOTXEyAr6tlfsHHZl0U7xzoBMDbRe8ul" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>Twin Oaks Production Partners Fund </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 14px; color: #78766F; =
padding: 25px 0 5px 5px;
 font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td>
                            </tr>
                            <tr>
                             <td style=3D"color: #1D5080; padding: 25px 0 2=
0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWHho7qb-2FuWP-2BQ6u29ZA8KtTF=
n4BW305024uwiXdqgxFA-3D-3DsL0d_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX=
6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P=
6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriB=
yPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpc9jl8Y2Qu0oeVdVzIua8jyadH-2B3dfX=
zPKLglQa5UZdkyIq0FI-2F33elYnyPrcWLNkXgUdNeLqkrTuOETT2YQaF5u7SGtk3t-2B4m75tY=
iK7Dd7VofRKnJl8FJ1FFkszkp9mfjho8KTRGdMKdKYgF-2FCdKVC7nl-2BToTKbjlmH-2Fo6kQl=
ul41-2B3r5Q9vVECqykMBdbsmVZ6PSt3Ks6-2BDaSxLj1-2BVPYRGmZKcECerfr7RHlufQeg1b9=
wGLT5q5-2BNwcRIYlZOXr-2BAtrj-2BiQ4u0UzcaXOBpZ" style=3D"font-family: Roboto=
, Arial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; lin=
e-height: 24px;" universal=3D"true">61 Funds in Benchmark&nbsp;=C2=BB </a><=
/td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWHho7qb=
-2FuWP-2BQ6u29ZA8Ktd4GMvPKzA7skyOGhgY4MhA-3D-3DJcke_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9o=
XS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8R=
N6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQ=
iEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpf8E20RgdRyU=
DZ1KfYPVfFenZLtdflNzLIvYPn2Q2Y-2FSEaLhtsTwp-2F27GFQWYfLKNaS7X6m6EUCDthLR9J2=
OTwbx3rVlPC-2BE8lKRFrLvHd66lN-2F0ba-2Fvx75Jxh-2BOUpQ3Gl8-2FEA8I3tu1Nfke4Enc=
WC2dGhsXvKadffg5P8cF9h0KJRykmTBetRwm9rdvW-2FqOA0qQZwhVsWvxpVY9jTxdodR-2BKdd=
8NxaLIn5-2BEHyVRggj2hTxKKISTGm8cp972bVP2XOEBfdbf1oTU8RDjv2NG6n" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b></t=
d>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>People</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWHho7qb-2FuWP-2BQ6u29ZA8Ktms6v7-2BGRUQs=
PM-2FcqQeKrWA-3D-3DF1FH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvG=
azF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJ=
loZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxG=
Q9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdv-2F1W6z1BMXO9WC6JtgsVjirTM1HTEwRU53qs=
BDZDQzCchdNH-2FJ1tfZDjV6tSRc9ceHloC854smN-2BG7rUCyTZ14jOpU79h0-2BDTdD9DLVQp=
wDrdzRzYPcd6M9O9ZtO7S6r257mIJqNBrn2Z3tQHSbHdoabh-2FBnAiVZysY7IfEqmytpmOaHX2=
6IAbPawTW-2F7foeozDwkYVjV0IRcOoAAe7RlKHfBhNXC4wz-2BUY2GrSYK1IJaDVtIZflI7kKi=
tPAP4FUJ-2B7Gs0V-2BqBUD2FyoXU2XF" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Changpeng Zhao</a></b>, the founder of crypto exchange specia=
list <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWHho7qb-2FuWP-2BQ6u29ZA8KtKaK9m=
dNgt7Pdmj3HO9FQFQ-3D-3Dn28u_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6Ap=
vEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ=
-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPX=
bZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdtjpUJxG6hBL7q5ICrf2ZGgbZOfSgNShl2m=
1Ppw4S04U9YIhRXOKQcLNevSoLfAoSScgNEoY83Ot8GGGMWGsyHSAJxHb4ce2qhhpuMUgnDlw2h=
IOt19K82hLEL7o3sL-2F-2BxpPKALkyZzN-2Bd03tnPFDppU4AVxES4BUXdDrhMv8CS-2FmFfDC=
mfc3vlgSqYwkHSHV3-2FL-2BZXi-2BgG23eviEcAYK-2BrHap5FLjp2bHu7MmObN0AELVw5OfJe=
3N-2By7eILOS3rH5gHSxE8RA1hOX-2B4vqVHlN" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Binance</a>, has been pardoned by President Donald Trum=
p. Binance pleaded guilty to violating anti-money-laundering laws in 2023.<=
br><br>
                               Indonesian sovereign wealth fund <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWHho7qb-2FuWP-2BQ6u29ZA8Ktvu43mpIjAXkyElOmhIjql=
w-3D-3DBcgR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA=
68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbW=
H-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCv=
EpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJE=
tQrsLSzoITMcJHNPtjd3GHUpd-2FKF-2FL9IXOF3rssNzFWcHstLbQOjR7rKMIYX3DsebQARtht=
YIIn4qZhcAS2g2k-2BrlZJWZT4yxMVJR-2FwaL1URxLf7z9KUMX9xdSxbfa9api2Zr-2BB97qXk=
WdqQ3No-2FL-2B5VEjXzcSPIsl4iLwD0T6INWM64k927TnBKTn8w9TjxNmlDQaIUDb0XQ5bBoEz=
k4NZHgOagdVNCzOsYX6LYBU8qbOMhxRu567B8YJrYc3WChUvRwKHn8XmXmc1NEIf64Gp2q5KQ1r=
4VtY7iFTpQshn1kQ" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Da=
nantara</a> hired <b>Daniel Lim</b> and <b>Weihan Wong</b> from Singapore's=
 sovereign wealth fund <a href=3D"https://url6380.news.pitchbook.com/uni/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWHho7qb-2FuWP=
-2BQ6u29ZA8KtDI-2FKZ1BQNqVmiSVizPuVtg-3D-3DLzaW_Pr966knuaHmaw6c7pKvB-2BCEiD=
nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6B=
mQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt=
9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZ=
IhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpeZdF9cM0OCbg5fs=
HQJLQFOJfD7N1GPDP7ypDCfBCivNy5ZfOPSvK6qoCikTdPJquerI9l8ca7VYDOMu-2BIv5NxFEK=
hpspChcXeRNQ-2FewMFtXogpFyo7wRPvI-2BF9-2FC1W7n1Qb3WTxM7gEpR6fgHnjbCPI7-2Ftv=
uManENOfk-2BaPLITn7aOKD0Fgp74jt9FPot2XaunOj8RNt0GaXqi5soWdI4TioQXMRnPff3Sr1=
c6xd54-2B-2Bk9Nbzs0HJZb0INrRRpNGUf9VY5iqTA3MHHH86iNlQN" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">GIC</a> as directors of investment.</td=
>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWHho7qb-2FuWP-2BQ6u29ZA8Kt-2FVt7fc1SvWn=
olHbqqE0rtg-3D-3DGDtL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43=
kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGaz=
F-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJlo=
Ziu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9=
gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpc-2F0MTK-2FJYzC2VNEdpiEm20gwmTuMoKnwCK8iK=
a1nc9xNlsuCvvJa-2BP7WqLon0Rk-2BQCxG6n6V3hjvU2ORDCPwHuUTi37m-2BK1733ozfk-2BM=
S2UBGg6QuxH8s7ZOcPJLnArLObxVdWv4iwUhz1Agkw5uv-2FkZff8YFKTKn41yXFZnVBjUGds47=
0pRoW1gvhmFt2TeGrCKlYcLXiVEz4Fb5VquagX9LrQw1PpFZBSIUOUlKYpgXfTKr7DF6WFHtjSd=
kMFidMoppUJoFfoPI1VvxP6wfB" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Crusoe</a></b>, a data center infrastructure specialist, raised $=
1.4 billion in a round co-led by <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWHh=
o7qb-2FuWP-2BQ6u29ZA8KtFRj7QsLJNkvkSCguBI-2FyPQ-3D-3DBnZZ_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZ=
gquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse3=
8n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29=
YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpeV-2F=
qf-2BxqBNEWrL-2FFzk4NmhUIlqAbtXELTa1T9n7MbrFB1bup0i9J4TsNbZD8G-2FCXQmI2gp9g=
kqE09vsA-2FgS-2Bo8pmYdIX7whW9gOxNfEgHzk4LH8BcptiNitCmBg69dg4kKfMKQkf6TDgbvV=
Bh3lW3kg-2FBHSwIGyJZl5oXxDUtKeew23AoyNNE13Zqx-2BvoQu0T8u3lltRxlLWPbnG6HSwnu=
1Jw5iX2au0B1qGSlxyq94mN0FaeENB-2BH3EmY0nyDj2bal65FLYxNtSe505KI9HBQ" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Mubadala Capital</a> and =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWHho7qb-2FuWP-2BQ6u29ZA8KtDoAWwe9ar0=
E-2FXDXHjfCN0Q-3D-3DF6a0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEv=
GazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2B=
JloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZx=
GQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpchik0ca7CqMvoFKwnJZuSXmCEAvuxYBfWVOSo2=
Vs-2BUeiK8PTDjJ2IyDStK9s6hnw6wpSJurSyQsrdAmDYA7yOQIP2X1HTaDf5Q-2BVj7J4NoOJV=
ZjrrikgNeUDj2Tx82Qaus8SlNAgaOvccQJeiwTZ63cy9ERqxTaFbXLgAx6JPIx9gbm9E83g1l-2=
B1fLDZjFf-2BRW6iGR8KHq2y2PgiJdSo-2FJT0I3BTWfTAPUYqyUnq8eT5AvSH8X9lPts5ISywQ=
V7KUILOQ0zWSh7eeteKF5AEa1" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Valor Equity Partners</a> at a valuation of over $10 billion.<br><br=
><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVUYaCFaXbV3D5E728XUk-2BA7EnTTK2P=
UN68SvNG5COj2A-3D-3DFCpj_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEv=
GazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2B=
JloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZx=
GQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpfPOo1rJdwG1SOKx7eNIYEJi5zxgn4fjUHyyckS=
NJWM4e8KZkjsdGYvBj88OeNznK2865KLGykpg1BGtFNkNg9MOwHte0BKFxDY1bz2NtTwfH9HpGh=
WF2rh-2By-2BFGF4bPsF9UGHp6YFUyEfzwdu8zRyusxxBwMSrtuzko7coY0sSUlqAhfp6uaJZrm=
nXfjZuTpCxX8Ae9QknhNqBtcJgNBrKY8tfX0bjpHNWRWRpuYGRGfRTFhrrZ02wEopI1zXDvgzJA=
jjKJpCme8UbJaOBgLJk" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Redwood Materials</a></b> raised a $350 million Series E led by <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzVUYaCFaXbV3D5E728XUk-2BAdGhp4obZ0GAuDwuyZx8p4Q=
-3D-3DlKZs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH=
-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvE=
pN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEt=
QrsLSzoITMcJHNPtjd3GHUpcmN-2FzX1TCo1t9nGFx-2FWiSD7YzCkIrw8326lRDbk7-2BW2zfT=
RV1pW-2B0q5n-2BL5nGrO5cJzxYtK-2FMOyaGQtphRE80FAN-2BHi4xY1LIv4zQPnlVzKv3eiAo=
ATA798FwWzOhJ-2BWBJgX24i21F1p9QEpQZDR4KWnhB7yKEyAkMwXQoxRkAHWbz0Kuf8VvTFeIq=
f4h0ff0fyVW-2FSaqHcRKbQWMhdP3TwDWkgUJHCwkLghccb4B2bvtxYkgPF8-2FpN5k31byV7o3=
F1z89671G5vL4dsR66D51" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Eclipse</a>. It values the battery recycling and energy storage speciali=
st at over $6 billion, Bloomberg reported.<br><br><b><a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzVUYaCFaXbV3D5E728XUk-2BAUYSeLZKIZ1AbhTTa4i9-2F5g-3D-3Dyjon=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9S=
y95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZu=
O0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2=
BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITM=
cJHNPtjd3GHUpdzO1ZK5VpXDMnUkaTjGDZkwGyJzxcWp9-2BAadSTAmkihAPP8aCOVbTmY4scWj=
dI0NUaeTpGHwAsmvvpFNvsDN1X5GZV-2BRpcoMsHx-2FFvZ2ORsSxFx-2Bhj9-2BgjP-2BqyxCn=
GU5DLG7XU5WrFgQ0lJPA4KDIYuJmLi1I5tLl9e6mhcrb-2FtHDEYjF1zdTi1PLmsUwN1RUpV3O6=
C7JZIvxXQ8-2FzBeIxqnEB-2Fkps8GCP5Pwhj-2FegquRdQyyQnIM03u6AuEO3QTuDyeapC8hzt=
DNfK67ejtGw" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Starbri=
dge</a></b>, which offers a platform for sales teams focused on government =
agencies and educational institutions, secured a $42 million Series A led b=
y <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVUYaCFaXbV3D5E728XUk-2BAFZDf6hKJQ2=
z6-2BwcmIbMQGQ-3D-3DBHAt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEv=
GazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2B=
JloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZx=
GQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpfm2EoO7qPK3VafpKbxKn-2F7PVfU8rgjZqCQ03=
juu5jOyNiDVwUHcJ-2FETz4S7iEYXxyWWEQWKPmqd0k0N5VBhh1dzAaEVaLCScEI5bvsz2DuyEI=
hUyKuUKHp-2FbmfUxBWWjgovPx-2Biv9yo3vH-2FWOMYsDaowDDHA4RWkqJNTgQiNkfg9MJeZWx=
JftqzT4YSCI5093-2FTd1NRNgzyXhEd-2F68s36XI9h4K61UgsMV4r5DrZUvIMh87YvYk12cvYL=
EmNiFvPp693-2FgbQ-2FNkdhckrhdmVGI" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Craft Ventures</a>.<br><br>
                               Amsterdam-based <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzVUYaCFaXbV3D5E728XUk-2BASwOM18BIdOlYdLNKke-2FEmw-3D-3DK3zK_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95=
MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0q=
Z7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFi=
zSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJH=
NPtjd3GHUpfyEwNO6IhiUU-2BBoZ-2BXRwFIiB-2B9dI3ZSJfX2WizBiO9M1LqGMG-2BW-2BA74=
jwXO4aQ93baaanEOtsSFmar4EcKTbFLhU45shVO1ZXHy5OaHocvu9uMArdK8EoSay0tI6Ox2hPX=
OVvQGLoPv4Tfgdou8afW2kx-2F9vKwsmuI9iORK0wM6TlpAb8qRrd7B0IWO3cjmlclA-2BoemP-=
2Fnj-2FTprbWOTjbq0OgZ1Rr-2B9UF9FDTjUzLNCvludsvE3f2W2t7AmxBYw-2FK9xYnE0MZha3=
bHfU5Q76On" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Tract</a=
></b>, the developer of a supply chain sustainability tracking platform, ra=
ised an =E2=82=AC18.6 million Series A led by <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzVUYaCFaXbV3D5E728XUk-2BA2t3kz9-2Bbg-2BLwNZ-2B3pjWPCg-3D-3Ddrnz_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95=
MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0q=
Z7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFi=
zSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJH=
NPtjd3GHUpdRkkilLsEi8zD0ty-2B0oeVzbfOLy3OpdOLE5tL2cYa190N7jwebbPDSL8ijDAPVg=
n8X0idulrYHnxp6KdzcWQ9O3NULnxA5KTSc1KAf8g5SvzwD-2FKV9j-2Bhq93n69nVIjrsgbKKC=
Pf-2F9Gc6JsCklpKUqBx436QTDCVpBbE-2FS-2B2y2cMY6XHsPYEtv2MoM4OpPpWd-2BriZJwpb=
rPALHiTUL1i5JkZ2SlWRgJfYcJO7xKTPwZBDa2WD79qnkta7vJTq0NakF-2BCrXyfV0crKlt9Br=
g3GR" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Icos Capital</=
a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVUYaCFaXbV3D5E728XUk-2=
BAEUGgBTVPTYhv-2FphuyQjm-2FA-3D-3DjemO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL=
0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqA=
lX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMb=
chuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy=
2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcGDsCAO3IkR-2FhwlTIQFpYZ=
J6RDIopwXiQ0RimkUWW7u6JN-2Bc5QaZBr-2BDu4oqT-2FENZ0okfzM3NHQcdxT3f-2F1rSJAPa=
HXfvdv7dpIgnPqABZAddMQTN1NEnR1SFKddExO-2BZXxk-2BG9d7LC7J6So37rA3zIrd-2FpqUb=
vhofLssTj6G31adxTL6FJMLq5qvVUcMMvychF7-2BpZYP4UaF7Um5BJ-2BPNe52zw2y7VtXbQ21=
sJddGWgU-2BZHp7lk8TFl4H3BoimjqW8oNi2TLXDHsT3V0gHOXN" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Darwin AI</a></b>, an AI compliance startu=
p focused on the public sector, raised a $15 million Series A led by <a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVUYaCFaXbV3D5E728XUk-2BAY424xBpyrnaNCBttfQ=
8KUg-3D-3D-oHm_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUF=
CbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOC=
sCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZ=
mJEtQrsLSzoITMcJHNPtjd3GHUpfyo82Zi0WMQFBw2oTgAcs8gTyWVNC3gSA8UJDexb5im74FOr=
DyUOmmW5e8j1WMFHBsd5D66Za-2B2SNfMgwv-2B9oDmDXRyxmgWWdlqh8xp9elf69y33wTb-2FB=
xluug8gA-2B970IDFjP-2BDI-2BOx6-2BDkVUYdxXDiSF-2Bo-2BA9udhucguayeWbVrHA15Nyr=
fQ3pVjjuN01xcKHFqGdi-2FXmQV-2F-2BDqUgVaGmuIGATdPjIs7-2BFxr0ywgxlMUaRQQPAiyp=
0yeE065-2Bu3zju79a8ljTHL7ct2uByME" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Insight Partners</a>.<br><br><b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzVUYaCFaXbV3D5E728XUk-2BAUk0yO-2Bs1yw9j8Ul5Ld4wHQ-3D-3DbnVN_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpF=
TwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7V=
Ckwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSu=
Du5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPt=
jd3GHUpfm6p2sb2sV1p-2BzKY2bvGI5OomMBDinKJ74degNHO9OnoVcJhi62eA1B8qVf2qg1mcD=
dYihU-2FFC3MxCeI2iXbjN6BlhCWbJdLty-2Fq6ZDggq9F3AX-2FJuBrag85iy1NqOxfhlPCoyw=
ZBiirjSLssGknY-2BMcNrCQO-2FUAv3mNXoyiFnDwIY69jdM4H6IWfusytP2xTbq8fDr9ISlLgM=
YX3NjUjQYOi-2BXThlavGhF0ZjzrfhzIZPWsZ0m3O08sS7hOjFTaEnPrbkJaRWU7z2r3MHwEx0"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">CipherOwl</a></b> s=
ecured $15 million in a seed round co-led by <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzVUYaCFaXbV3D5E728XUk-2BAKfJy-2FKZSCEF458v9DcJoJg-3D-3DrKpG_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTw=
K0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCk=
wy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu=
5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd=
3GHUpc2MzY0s-2F0SABKLfCkUTXcchxR7-2FB-2BtbkYLdTnHyvRVA5l28i1UEsjk1gWEwbksq2=
kgY6t2nyZ4CwSvAuraQcXFhcRSIqDDdF93-2FG2U-2FA9U4Tt1kwJCwMt1569Dz2FVsD-2FKPxR=
Ch251an3UmZ3OY5hjSObNpJgqyButhuImd-2B-2Bm-2F6uHKve67jHtcZF129UsFOeqi3Of1tmf=
6X3YEhSPrbZU0-2F5kiWLaGeAOZpACaJEugndM6cQ1GxrlYFbSRP1TTIo0DV0GQWVxqpbnEIRDJ=
YVt" style=3D"color: #1D5080;" test=3D"" universal=3D"true">General Catalys=
t</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUuescWTRhw1-2BpbeAJ8D-2FpC=
8ZiKtRtYrsCJQd0oyz8tjA-3D-3D8Rpu_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2=
BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMY=
eX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L=
6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWr=
iByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcMU3XhyjRktohVkRlW5a-2FB4Z-2Fi=
28-2Bj2hgaMLtRQ9UfrZqWHRSMVMsieI4mtrx2uDeBdhT1abYbFTnq983E4f6LhIGB9qz4uZ69M=
AG7mRYHijdopW2Z-2BMlcSbCnteOkl1If9ZJtpKrPFlGhbRyVE6uVL0GiB2ZvQSn-2BJ0yjBd0K=
gkVDlWSJcUBsPCdaxmNRhOowYudtw-2BKj3vHCl7k6vX0LcZqaGMi3mZ1pP33Njtnc4-2BixU5W=
9XiiB1nvd76iSY52BssX9oPMi94-2FaiVwE1f4W" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Flourish Ventures</a> for its institutional cryptocurr=
ency compliance platform.<br><br><b><a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
UuescWTRhw1-2BpbeAJ8D-2FpCGtQ3-2BGHtxj-2BkIRqfPdsqVw-3D-3Dry7u_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJ=
RCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JS=
Ghse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4=
PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUp=
dwhbVbRnAs5zJee5VR5p-2FoxQJ3z52dvS0GgBUg6bxoxxgSI3jQAoyFMQ3cNWvVLYDaXDOt0dX=
ZFdsHlWpJSSYJ3HuwVim0p1yX46wCq71ZD425E9dZ-2FdsO6EulDyZ9KTQzLqTeWOEQIP1MoeL3=
TvwxSYiwB-2FEbF6sHc09gB7Jj-2BYT2oI3dnLjQa-2Bpd0XNYV7BX-2FaX1ofYWRfKn1j3DBWn=
R1kOEo-2Bnl88he7LL-2FLka2wNGQYAf-2FTCT5AGqYaaIsrNW6NRA8MmG30qsY2ik0Dbfn" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Riff</a></b>, an Oslo-=
based vibe coding startup, raised a =E2=82=AC14 million Series A led by <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUuescWTRhw1-2BpbeAJ8D-2FpCm9yGX2BwzhhJv=
9PQuxfJoA-3D-3DoA81_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-=
2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZi=
u8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gR=
IiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcSpRh1zXA-2BlQNJby4ADAYHDYp-2BxrRo3NHr5JmMJ=
6ffmAgcGnyWANDq0EHmUSj4GjkrpUJtx0rzPLaLTZrDhLNT-2BPEiYBOVyr-2BcUrVtbrk-2Bet=
fb6wWNz8O4NTK6NqdYviD2V5EmZg5VL7iP-2BmdvDJplLY6b2OU0fIUg4DhhfSxM6Ypo8Y-2FQg=
6gIer5M3vYc-2FA1tzBHE-2F47fD8ztt1Ye13ThPTbYf2PMkZDrIa-2BWjwWV-2Bk7QuuP79ZEb=
IqKkW1N-2FPlZN6qXHCwtnYFRLXkVzusBC" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">Northzone</a>.<br><br>
                               London-based AI movie studio <b><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzUuescWTRhw1-2BpbeAJ8D-2FpClJaZeuoRZl41uMUQMJmoog=
-3D-3Ds-iI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH=
-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvE=
pN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEt=
QrsLSzoITMcJHNPtjd3GHUpeABy8xb-2BrARu3qmUcXpsYaKumXAc91a8dtn2QR4Jm2MmPD6C8c=
vsTA-2F1SG4I1GSUS-2FcWp-2Bhkngz9K3n6cqnHhvGPs4EkozLAZ9d8VnOrskM2jHHmOV7nZpg=
29ySv1-2FKLW5IFV9xqspNG5vCsrGPF60UhnE02DF072AmAS1oUdqdWeDkFJpDffui5UqMYwR8w=
oLp-2BRBWgfFcWF5PqGkVPpPQrujGg-2BaP0mm1ltN27YoyFSKaacU45Eg9ToCJCj5dbnlzB2o9=
eJPX0kZpWgG2uQN" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Won=
der</a></b> raised a $12 million seed investment led by <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUuescWTRhw1-2BpbeAJ8D-2FpCFZUEfwnFnYg2ajkW3jfDwg-3D-3Dm=
u2b_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315=
r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSX=
jZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6=
k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzo=
ITMcJHNPtjd3GHUpelKWFpLEy8OxaoC3qyCKlL2IsEWrXjDVczPIorUi-2BcMsk5bOasXATBIPX=
EjPAuoX2C81RlGHNLNwAPPVpfzRHfegieuarTJ6KImpEUBeeqo7M0zbaPW-2FRpQ0pTuNyehvPt=
0fZCxZ5IGvkXrCYgg6OmJ5tzM-2Fcq7gtplFYWYf40A7yLcYpAlO8BpTczVYBvacfsqbH3ofarq=
wmln1-2BPSUjSEelmh985yiAzQY8R7AQgWV9D8eIQ-2B-2FSE5dyb-2B7Hlzhznb4T-2FHVhh-2=
FiIZue5JMC7C" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Atomic=
o</a>.<br><br>
                               Longevity startup <b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUuescWTRhw1-2BpbeAJ8D-2FpCl8naHh5SPfnC28XqVRjmGQ-3D-3DCMs8_=
Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy=
95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO=
0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2B=
FizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMc=
JHNPtjd3GHUpfV1pL5gfSa6DesM23WxsG-2BIi1wnZa2STLXZOWKZE3WsPT4MA6CyL2mll6p6wz=
fZqZk4JS4WF3Xw6myV6xmlV4GUIm9k35Tqsm7SQqW5S5dDf8qNUNCPysplxTkSWZ1BiqsCaPgbw=
8RvsZ4lupWWBqWMuTqDoMG2dpMhVXE6kzv9SPVGS3LV9nOgpOTrVChjcFDvv8CHXBjh1hnVUo2O=
elvCE9lQqyPCW9u7R-2BXjiDrH9rExF7dyWNwGHVFkbpIp8QuZ0HlrZN08EjI1TFqQEBQ" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Generation Lab</a></b>, =
which offers epigenetic testing, secured $11 million in a seed round led by=
 <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUuescWTRhw1-2BpbeAJ8D-2FpC-2B9kCd3p=
hrj9h1ixFgcm3rA-3D-3D4f4e_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvE=
vGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2=
BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZ=
xGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpfX8tLYZQox7Jz6HaF7afsVgXEyi4knycu8-2B=
TUTxjctrXNyb8PSyeLVzybHjJxviEgulBQuQO2PYu7NKtRIFdyWb0BG48ojZX0QcxazIcVx7HEH=
9BAeNPUbxi2JNhwzg-2B-2B28obf2Ojt82QANbCXNFED5cCM-2F4FZwgCVJAeI7Wt5CzZyN9DAM=
TJc0fQxvgC8amMtY3vz1zZF0mfSrb3Yu2u8RXi6bRdOhtTmcuwblQZWmI24N23IVYKzGTwE69hh=
sNPd3AdyheK7QFw-2BUYQf-2F6SP" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Accel</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUuesc=
WTRhw1-2BpbeAJ8D-2FpCNb5j-2Fp0a-2FCPisvU40KRjmw-3D-3DtPm-_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZ=
gquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse3=
8n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29=
YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpeczQ3=
X9ZseU2khjtZR-2FO0IRfy46A5oQVxHX0BSXumbOlQMKJMc6igzlj7cNIVTRfruNfVliFFv5cIk=
Hz2Io9CSdcvtXkolex-2FtUb70i9-2FB13tv0e-2FYqWm4TGeWtzDVbQxWeZt-2FCjBp9qrwf-2=
BI4MH0OKYGvYBzUZ5Qr461ZC6FGSSo9EisKUTRz2keKryvX4vbWxYANLy2yCOVZSYV4xZG5DDpn=
ki9YFko6Po1jR-2FdsU6W4xyE-2BslGToUmz27Dg6WLae8-2BYoFPB4KN-2BRQrVr54f" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">WSense</a></b>, a Rome-ba=
sed underwater wireless communication startup, secured =E2=82=AC10 million =
from investors including <a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUuescWTRhw1=
-2BpbeAJ8D-2FpCuWAqRZ6-2B0KHFAgwmYehuZQ-3D-3DBdFp_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS=
6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6=
Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiE=
mZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcG7yHJFzCpga5=
EMmqFE9PshyvEF7osCQSPXfI0-2F3O7uW9-2FCoGKfWuQQkq5x2j9f8JQkMIzMmRzxazERt2a-2=
BvwRp4gcpBJaY893DPyRUYujtSeXCs7lLVJqPQbT6x7v7f-2BxtzUuqx-2F-2F6PY2A0-2FGfZG=
HYxhNe3wDqPXeKMdq3kbL0mdpbQxrDVg5v2w9ntVDBSWAOiqN3uEEkROcAC6XGB2qkrL5BaUR5-=
2FH9kQvPFWdwkaZbjk0dvvFUZNuiifeFYM0vupqMhhEJ2MQh84WOT99z" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Indico Capital Partners</a>, <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUuescWTRhw1-2BpbeAJ8D-2FpCRqZGnVXJhzHf8Orc9=
5wbaw-3D-3DKoBB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFU=
FCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TO=
CsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQ=
ZmJEtQrsLSzoITMcJHNPtjd3GHUpecjgm2WLpUe9azZGfOOvCXU-2BkoYqhOHh2YFADcBig-2Fm=
QiL82ngu-2BhQskxZyiTGtRFxqXaBfaLQUJeaC9JUfKXzUyuWJ27mb-2BYE5fu6Mwo4FanW-2FF=
nIRwcLL61am74T6OnbeFVOsk2ODKflASJK8G3LUTpW4AfTRC-2BkNnKY8bMJsIzlnLsmOJ3MNi3=
fq8hLUrLCv-2Bm2ZtyVmm37CgbPLj-2FrH5ioqQfmsSth-2B49C5UWH2miev1xSVmlBVzBkhrCo=
sJnetMT6hGXpkkOVyXwH3yv2" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">CDP Venture Capital</a> and <a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWg=
OXQKtNrQdZd58v0RrWtgSOvyWqjuXI-2FvGgVFr8lDaA-3D-3DdgSs_Pr966knuaHmaw6c7pKvB=
-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgqu=
C9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0=
S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA=
1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpd42xAMWo=
rOM9STFSrQg6nvX3o-2FjKhheBvXpwYKUlWHGOiQp691udtxNMWiNjxRSfUaz8jJSY80WGYQgSR=
OeNRE-2FBce1q3enGv7NyjcsEr2XpHKftN2A-2BO3p9dXrUj4ag-2FEbrDvAAeH3usqxhjIoIqN=
-2F8jlYZabCFPRmITa3BLlXT06MYe2ku2VWf1KIegQh-2FxJVHF0UHePHb-2Bqn8XaqeKiWWqvu=
7c68GxDTH-2FtuBudhH-2Fj0pMx8VWGtajY71pIl-2BFXp69L1p3k8bV0e2uNp9d4" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">Swen Capital Partners</a>.<b=
r><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWgOXQKtNrQdZd58v0RrWtgA-2Bq=
93eSMOlpJAc9u1DX4hw-3D-3D7rXh_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6=
ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6=
kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriBy=
PXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdOkcnKoztEMo7WJUyd-2FJi7ynrtEFbMj=
IKxB25l9OZNmm0wvG7yoGEHqErVrzYah-2FIVemaIw3blYNXp9c-2FtAMJt-2F12NHjVj3uiiSU=
Uz8K75hS9x7JYMJ4ysYuuyQ19sgo-2BIx-2FF7XqutEWSZsylxMUPVDxXUz-2BaDWBV0d9PgAT8=
YYdIghaNRWHqYR5sh7V7hh37blB89SavbvgEV-2B9fOPIo94ObZu5xdsdkrox4yF7ozxxdBj22v=
TeUNkZWDTdGZfB-2B-2BKHwa8ToZFPRKNGxRrlIy" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Cybrid</a></b>, a digital asset infrastructure startu=
p, raised a $10 million Series A led by <a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzWgOXQKtNrQdZd58v0RrWtgoZV9Al6-2FVYAsxRcQ2J3KRQ-3D-3DiyHq_Pr966knuaHmaw6=
c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRC=
nPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGh=
se38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4Pg=
M29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpfI=
jQwju26Ie4g5Iax9yQwPwltoT0zaIbSBnniLQmL7onlGugFN5srFWyQyCKP-2FyjCY6FmkJhNzD=
jQa-2Bb8JJXKPA3LK5WR1GsEMcvvF7s32ur-2FaCT7EAMuL-2Bt8rJOpVlSCpvRXeWj41vmlEwA=
5Bm-2FSj2Z87FmXe892gX60-2Bf8LqEYLas98eG3ymyb6JYB7jmEJrCXPxv45lj8FfYIr5-2BnV=
xvuxLbl98UsiOEuZ403oyXlRtn65FqYCiN2RCxF1u79zISJnwFcEJSw0kLtYpIpu4" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">BDC Capital</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
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                   </tbody>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573932" id=3D"n_573932" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Don't miss our upcoming webina=
r </span></td>
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWgOXQKtNrQdZd58v0RrWtgQpJpXyajl72qy=
HIOzzhCVg-3D-3Dzc_h_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-=
2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZi=
u8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gR=
IiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpc8BgwFxzK3l-2F91KWIsiKKx9nR0fzkPjdtx-2FFKUI=
8IzIbTIqoc9kugBCHVeBN-2BX2blaU32cM8UaiD-2Ftv0sbPXENwVNdddKUNxUy5QbT9ViPhx6Y=
Y9K-2FBdDn8L85F3XciiNolKt4nblYicJi94UDxCUAnkm9QIXkN9117FH1ZagewXob6mFYRXss4=
2M8P4DmGfBwWcqSOT8z7PbiMb2lKYr5a7F5ToPiyoeAEyMIcLxETwRH8FcRrr8zR26RDwnWDoxa=
r9XH-2FD3emLjLhUDijFUS"> <img align=3D"middle" alt=3D"" src=3D"https://img.=
pitchbook.com/news/71019.png" style=3D"border: none; max-width: 420px;">  <=
/a></td>
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>&nbsp;</td>
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Geopol=
itical tensions and misinformation are profoundly affecting ESG-focused inv=
estors. While many firms are no longer publicizing their ESG strategies, th=
e sustainable investing movement hasn't gone away=E2=80=94it's just gone un=
derground.<br><br>
                               In this webinar, PitchBook experts will unpa=
ck the latest investor survey demonstrating how firms are responding to thi=
s new political reality. They'll compare the differences between European a=
nd American investors and uncover what motivates investors who continue to =
support sustainable investment practices.<br><br><a href=3D"https://url6380=
.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzWgOXQKtNrQdZd58v0RrWtgQpJpXyajl72qyHIOzzhCVg-3D-3DQM06_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vH=
JRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4J=
SGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL=
4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHU=
peFTcum8fQh1-2FSvVVmCBFaSEnEzR9tpRyBTYSyWd73qUfcK0X-2Be1UJUiK9qbSak2eoonLDC=
1t8k-2BJb7Vu5-2FA1iTz-2BeFokwyL46anJps7fJXZSnjJtmJIv6uFxkZI6gAHXJYHe-2FTkpH=
6tGeJAI1coCvBPfBRfCYUOI0Y3GujEOqPEt7OwBwSlq-2FXMyKZeinzKM9MsffyffvIDODoX7EM=
n1KY8e7O2qOzBHVz7LznDU6oDTJyNCm1RH9IFjBZ0DBI1ISSWDfqduTLS3Zic8CfrCtU" style=
=3D"color: #1D5080;" test=3D""><b>Register now to secure your spot.</b></a>=
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dth: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWgOXQKtNrQdZd58v0RrWtg26QCYZtW-2Fk8uCcpC5b=
8RJA-3D-3DWjPV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUF=
CbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOC=
sCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZ=
mJEtQrsLSzoITMcJHNPtjd3GHUpf4orCVcFY9U19HNVE7pqv10BVPz-2BHwJVrJekNSNaKMGgT7=
R190DE6yIH-2Bafu31ltUlY8YD8L7I4v19kDJeSZiwdQO-2F-2BvsGkrayB-2BLAX4pMCWfvv2y=
KdXtakLZPayvYBh1cmeoOHrzbwamQ3zlW16Y-2BwjbxOlK5gIDkyuEXR6EHgQtOArf2XRPLvk61=
-2BA9R5G5Yly15zL5CZB1-2FL7143IEtyhVjQuJ6RQ1LA3H7jEJ-2BCk7PlsB1KSzoefzZhXoOo=
x6OH-2FLa1kuoEObF98J-2FtqPj" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Advent International</a> and <a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzWgOXQKtNrQdZd58v0RrWtgMWquI6e2Pmby6HzX4Ppd9g-3D-3DqrF2_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZ=
gquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse3=
8n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29=
YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcjlMc=
QtbdA4DkIvittBsdgOn7a1fb0zWaJPK7ROHeO-2FWwBf5SMScofnrDB1D1Veyg9rwTljxUNJ539=
x7gcB-2FxWCiWrAR5CHFYpeOnb3UAc3vXgPkXh6YOZld0eUUehG47tNn2FgSxUgSDOgS5HiVwg-=
2BUdhJh5-2FYZLxLnye37ey2sufaHK-2FU5cpKS8LRhwdo45lQuoHrirDkwCR9VvH8BctNSx-2F=
QN5YYVe5YR9xHesjtyhsxQWHrrv85RADebT3-2Bx9ttoKQsh3HAun1K5jyZDSa" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">TA Associates</a> are consideri=
ng a sale of <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWgOXQKtNrQdZd58v0RrW=
tgd1ZlvRAQtsf-2FQMkJuka-2B8A-3D-3DUIrY_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL=
0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqA=
lX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMb=
chuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy=
2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpciIX9cSRLZUE9uvUTtuxXFPh=
tTSvUjGrXOj3Mgi30Hwpd57mP7Ii-2B3LmVBhRV5TqcHKvW8cQ095uPcrdutovx2HxIZvJOX07G=
Jo9-2BRBbotcd-2BrTOimQyKyQ-2BG6uvMcICc0q2tTerf8HhbY-2BY27p2ZHedyzBB3uDsSdMg=
wEUtnMhYdy8ZQWKxLlHpa-2BZYr-2BzGsEaNayMoprubnUQc3-2Fs4uEFyPEPUoHftuI8JhZ7Ze=
H4Ylyw3D5tKTw8v8QBr-2FGpvN9Cqpgu3zbaYvcqn-2FVo7xE" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">Conservice</a></b>, which could be valued at=
 up to $5 billion, Reuters reported. The company, which manages utility bil=
ls for property owners, is reportedly attracting interest from other PE fir=
ms.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWgOXQKtNrQdZd58v0RrWtg5=
s3YM23-2FUXkAi1LcqjEfEw-3D-3DBIYP_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QM=
YeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9=
L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAW=
riByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpfDLRCvyYxiEQ9TUWwJ0y-2BsEqBzi=
ktoaRJcbYvjCDnbm76QxKGkHj3jj2eI-2FPpyZ-2FFkWj-2FnZhSoxKZB3FBj7hBE7sXGm5t6zg=
sMosJmqvGYWqG9LKV4Q7RtdhjzJcDDL2vqn5jXzIxyhjHB6iA4knFlbUNQIPkvzZIW7fcdkzCxQ=
f2bby7fi1igRkUH-2FFJtfGlLsKrYoOHGAh-2FmyffaOQ7uSo6EBJ1FDJWzVjueOzVEqiY489TJ=
GjqpYk9ocgzIvaL6HMWCblcCD51XKxAV12K4" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Sixth Street</a> invested in Crunch Fitness gym franchise=
e <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWgOXQKtNrQdZd58v0RrWtgumkSp3r1T=
YXGY1f0m079pg-3D-3Dd2bL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvG=
azF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJ=
loZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxG=
Q9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdVlqf2L2-2FJNwr8KEh4zE2yHNgLghkcWiLakxF=
7rL6PzzSLbutcZ3ecgtBQBp6CW0HAWLof-2BnDs3c8Fdqd-2FVvWIhle0UxBoNVysYjxrG16Rsw=
o8tD8tO9orRij7r6I8DWBC3ym79kxbiDxuAYi-2FysFrSwwuDRbgGWGRkE-2BkUFl58qMB817bU=
8B3Weg9f1nR5UJXaIW3NbfVd9VwF4k3YnZd8-2B-2FGUK-2BE99XmKYxX-2F7tdE1wpAdI2BcYQ=
hOZf1-2BGk-2FsNVuHAy5lBPMkD7zpRbnMD5" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">CR Fitness</a></b>.<br><br><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzWgOXQKtNrQdZd58v0RrWtgCeivVvebTcypRfOMWlXRMg-3D-3DLK96_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vH=
JRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4J=
SGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL=
4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHU=
pfJT4J-2BBDcVLFzYyA53Gjq11BqzCiJR0qVPpDURIMiRGY6LCmDr0H-2Fl9e2YAMxBL51Py0P-=
2FNOk33UjlWDjpdM3LMT-2Fzb64QvyukjHGzw8SKK6ObA57lTBM8sbDTua-2BuTn8hm9w7Ki0XL=
9Qy3BCu3hOuTa-2FwLghzvN6Bj-2FOVmf-2BH7AIwXAVD-2BAwICFr4lY-2F4dFmarvNdJPJ2eY=
cKuMzVGC68uruBVJ4lfVSoKCs7WjgzIwkh0HMxzreigEjBeJBo1yLgObKd0WnjAxBoGagus6Fo"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">Carrick Capital Par=
tners</a> invested $31.5 million in <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzXnngmwgspRhCW8gI-2FzqjRAklzx4xY3qALEfpqEwjxryg-3D-3DAx0w_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCn=
PZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhs=
e38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM=
29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdIJ=
RRKDn-2Fyby7K3QKamsj-2Fe6tJdi34cwQpKydztDg35otmQW58K6g-2FJTfaKtou7u6Uc4ttRB=
YoJ3agsLoXJw8Xlm-2BrJV5JfPZPSdUYIthWxAOEde2FlkMQphbol5K2uVU560OXzYpA-2BnMeu=
wWqGZV438gD7KFcifYG64ynTi-2FYbI8ebzgtD9cQh2C96xDc0nhezQfP-2BT-2FlOkGQANFwSn=
EnNZ1bwip2sI0GrzBo5mUhPGLgbkKVk7-2BzWjt-2BlTF4jd-2F3yq0WRn8-2FvX-2FG0iTmOgq=
S" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Veritas Prime</a>=
</b>, a technology services company specializing in human resources.<br><br=
><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnngmwgspRhCW8gI-2FzqjRAXKRqFuVX-2F=
qAUfVAqf5WUbg-3D-3DKjlH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvG=
azF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJ=
loZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxG=
Q9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpehDV41rwGNMknIUuXEg7JJFwOAGklfaMHmywPDU=
5EMJJB8eoLCAh8t81-2FFdHZ4m5pzA1oT6LQ-2BBdJzpoMokA7dcjsVS-2BriE5-2FF27L8Ljnk=
qBFMTdzdO1jFqymYcqMr0k34OO-2BDHsNGQcRrWfNy3jfQcBZVm1Dh5PqmgCK-2FoEF3JNJxE2v=
ZQBtqfN9QQqajnLoGIQsDNZEmuSNCnziqU3s0oYxxtJp-2BXsDwWlcZ2TgEOZeaMMA1z-2B9GPc=
bNq7q89pgajsXIi3s0lUdkAGSB9emP" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">SkyKnight Capital</a> invested in Oklahoma-based electrical inf=
rastructure services company <b><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnng=
mwgspRhCW8gI-2FzqjRAUixt4hiZ4QfBkI3UmdVqVQ-3D-3DPfQp_Pr966knuaHmaw6c7pKvB-2=
BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9=
oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8=
RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1V=
QiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdn6S38yHnb=
huivdaTxEdpkbg4g7Orx9xM8jPBzVDsOHU7YHWOayqSOWzk-2FyIXP6eDH8oJnK0jcu-2BVdfbN=
s0r0WcE1Hs9BK1eNNgoZK0JeqyrJrbEbfFW1hF6UCoJPCBEIN0J3FWEuWtnxlgE87JToOoSYvad=
1bfc28abHy8JFWd8CNu4vI6jUVnBZL4MGW8OmLP0sSjh9t-2BROP5eBXNrzlvR4tU39YzgyAPzk=
DaC3LD0-2FeZk-2BgkgkbW7wM-2FUjfqn4EdGIP1onJtWTzDY4P8Z0Z" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">Force Electrical Services</a></b>.</td=
>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Portfolio Companies</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnngmwgspRhCW8gI-2FzqjRAORAuHCCW1Tlr5I4=
leIMyCw-3D-3DoR9Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2B=
FUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8=
TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIi=
NQZmJEtQrsLSzoITMcJHNPtjd3GHUpczYcUqTz6V6hSIyoCxzRjwjffVJu9gli9ov-2B-2BtzaV=
VPRz2YVp5Aq5kaT-2BpwHTgOP89mN7iX6BR7NeTND79QOTvu4NXZC3AwYxRlP8hY7RMbV-2B6-2=
B8nQ7ssYikJNMqXD2EQRL-2FIr7aNGxv-2BViGNmVYhoIWBLr78iMSWpposBK5BORCZJgaEqYKH=
ToUwsywL4xaLwvYjiCUS-2FcAUzYJx3GPAekThBQQatSKOM7tj6vIaJOk3Vhl-2FoNSOqwZR1-2=
F3eUkJlacvJSs3Y5ZPrmgIcdmV7j" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Chainguard</a></b>, a cybersecurity company for open-source softw=
are that's backed by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnngmwgspRhCW8g=
I-2FzqjRAzHSFsKe-2F0c1v8IFtTwIuXw-3D-3DaeUY_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U=
wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEB=
bZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knG=
J0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKF=
SDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpfGZu44yp98Wg5bR2lYu=
EvSNWkLwh815yCNZX3Bstlf0j528exTpwFsE91Nd8CmyNLk9ah4-2BT1wqQtQxwSUPZI1V8Kop0=
xZKKQIhWH3OuQPSlMYFX5hNEI6PLJnhvDfAUR22StlLWgI2vwD0yrBMS9ZWCIwfj9TqadOyPkzR=
NeMRzMJMxaQWCEvPlNFiHjZtsEjaSynyQ-2FgtmZnJ4ZBZZeNSngk95j2Rg7TxmR8Qj1Pe71IjE=
NR5k-2Bi-2B2I0i2-2FZlH3m9grIJX0PQW9E6VcFkeA7" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">IVP</a> and <a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzXnngmwgspRhCW8gI-2FzqjRA-2B3d4eX84ySW-2BF3lM-2BjVeqg-3D-3DVpvV_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0v=
HJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4=
JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5Ph=
L4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GH=
Upf87ZGRrMLd6thMfPvwTVimJm8UqgNV95e4ghpb5SyeGJuqAYDAxu1i0nBHmSw3a3M7aNvLGsN=
HVWgeJAviYeGhoIxxGjPFEu682rNJv4D5E9wfoMlmhCoNbv2V0heSdCAw5AqB5YgyDnUwOH1o-2=
FqGFXKzQqTX4gmtNLNI6P8IwD3W2gjwmD4zxnx2CzwmDvZKefNQXaejo-2BtVXbkoyWact5X67x=
iwupWrqLgR9VtIS9rik6nVtJ91dv9U70LH2QqyAc1ln8wKbvvxD5rABckmo" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Kleiner Perkins</a>, raised $280 m=
illion in nondilutive growth financing from <a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzVUYaCFaXbV3D5E728XUk-2BAKfJy-2FKZSCEF458v9DcJoJg-3D-3D3KQs_Pr966knu=
aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK=
0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkw=
y4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5=
PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3=
GHUpdzrOHZvf3L2H7soOGDFzereEKm9RAo8XVPGV3S8WP8LLB7-2BA0FQ-2BUlsrRrWb9OtQwF-=
2Ba1Lwpp7Y9U4Gzzg9E9Dl-2BCIiDCcNEXz6PYaK5vcuJHaLuSi7dR4RGHdzsT80fYJUJISv7tW=
EDUFM2KMquvP7gyz8YJ-2BBl4EhDn-2FtuvQGPXuVKsT7Snj8SHfGNpRSZrpfGgFP5bfBPm34Al=
6CVPdcrZnhePPH9sSixsQZvcg5WSbUU-2BLtUCLzMSRy4h7re-2FjlA6q8guSjMGxhBkrhodr" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">General Catalyst</a>=
.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnngmwgspRhCW8gI-2FzqjRAge5depp-2FF4ZbNk-2=
B67YuiTA-3D-3DcUR6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM=
cVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2=
BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu=
8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRI=
iNQZmJEtQrsLSzoITMcJHNPtjd3GHUpf8gs3wkK2gOAcUH1jRKcxyM4Yurf-2FVZqOfL714UPH-=
2FoPcWWN50N5JjRnl75kKFl0MZDFkuxlZFCy3x5q7Qn3dAOMPJyA4rNWYmX-2F8Ke72XTwGd34-=
2B2JsstcnpIGWIH8BCiRiL80ritr9JJ-2BDOuoU-2Fm8kz8B9sq-2F9vlHg5v3cOQ0EnAHK3W9-=
2Faj6KT7TuwI8fZve-2FeO4smGmJRbLxrpr1BOFdgrOwT75Yn-2FPwPzolE-2Fd-2B-2FsRX-2F=
WT8vp7tRGjn59YoV30YvuoR6UeMBv3aPNLJ9-2F" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Partners Group</a> agreed to exit a minority stake in =
California-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnngmwgspRhCW8gI=
-2FzqjRAoPUjKlfP7Gud6G7PNUDnAw-3D-3DFtY-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ=
YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZh=
qAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0B=
Mbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDu=
Zy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpdNdvCSTE9tITtQ5cg-2FIB=
Aun2qYRGRErzGLfs0nJhjuadMBiP8VMF1ceBXtK3AUCOg-2B3UbLYLW7mMId6z9kA6Ozi-2FfO9=
3uU8M8JUmhPZ0SgBCdFxW5eziZ-2FkD-2Fp6JNEaEFc3gz4xJSMUJ5jS-2B11R4BHQsTKKfR0yd=
-2BRjmHIQTJyt9mcg291C0eoz07Lj-2BIcym6c2hzC8mcdw0RjcFo3OXtpRY4QTgQW7yEjQx-2F=
LPQsb4WAxpY3vNDu8QDqZXnlCICwmPEcCGUWZFWtETP1A3gxE" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">Apex Logistics</a></b> at an enterprise valu=
e of over $4 billion.<br><br><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnngmwg=
spRhCW8gI-2FzqjRAQD3iAbCgHIjT7UoDGhGzfw-3D-3DyUh4_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS=
6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6=
Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiE=
mZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpescOwiUc6-2B8=
G5tKFUE9MO-2FanAE10VzUIkfyBbUG2dHXs2Qs5ymoghh5zqXYioAo-2B5e-2BXsZadzv1yATIC=
SaA79eLSWu3BE-2BHC63tRKoJKuqiJTe-2FHkzNlK5E40EB8n8Wl1-2BMEhXKh-2Bf4LQQ79a40=
IoxlMmjXmIeW4D8PYGwAS7EBGprdJz0ismSZeTTzEuLo9CC1bvMZ8TPwqdd8fUHt4OP4q54gC91=
RkfYpR-2FUxmoguskim7laqvHeXBvlagsgfA9uzQgar8xgIJTewNoJsscx" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">Apollo Asset Management</a> is expl=
oring a sale of <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnngmwgspRhCW8gI-=
2FzqjRA6VHNeyNYFRtFxEO8xfJZ2w-3D-3DTTHA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhq=
AlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BM=
bchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZ=
y2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpckG9IEo0nhmQkSE9c7K4KLD=
ao74HmogP-2FzbDi1Go-2FBoEjjMaMHrwznzL-2FxBieNHgYUW4NnT1F-2B1IrlXiWja981FBcJ=
bOGCmBZJTCPLsP6mQFA6PpyYBcE7hR3FJnjKAfLpaOalSCaMsn3-2FGPmUvJ6lPlfQlFn-2FMPU=
CKo1q70YjLBaqhzJvLAqLnyCYenuB66-2Blcn0ztog8k3OWgxtO9cF5-2ByBmMiOSQLBKt9uEi3=
L-2BC0ADnf9rMocikrJOEYV6o5T01oXfcYcX7teCn9kKBOgF" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Heritage Grocers Group</a></b>, a grocery cha=
in that focuses on Hispanic foods, in a deal that could value the business =
at around $1.5 billion, Reuters reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA5yRgxkVTQIQkEOrVLeZtW8zeY9FYd7u8lnA4D=
PbA2A-3D-3DHUSs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFU=
FCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TO=
CsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQ=
ZmJEtQrsLSzoITMcJHNPtjd3GHUpd2wTVmdavIXwCpB7k8uv-2FMKVgJVxSfYhFHpzAr-2Bl6v8=
CVX-2FRoBCFuQipDkTU954wWD0qG-2Bw29w3a4TjmFIt5lOjt4RMAzuxKfF53j2YOy4Dqtnd1im=
TEzKpn-2Bc5iCPqf6bSzw6ce5vHyyHwPdU86eY5HFCYN8kghc-2BjEH3E2n1mR4ZHJzKPT4pQM-=
2BW6vKnXdb3oupBlSFLf5xYcZ8zeTFRmDu4e3PvvbDwoO5gC4h7GZNyw4-2BfLuiHkrhQPUXKYr=
rrFFiq-2BJFngq8XAGZ6h-2BaA" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Andreessen Horowitz</a></b> is looking to raise about $10 billion=
 across new funds: $6 billion targeting mature companies, $1.5 billion for =
its AI applications fund, $1.5 billion for its AI infrastructure vehicle, a=
nd $1 billion for its fund focused on defense and manufacturing, the Financ=
ial Times reported.<br><br><b><a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA5yRg=
xkVTQIQkEOrVLeZtbFdY-2BhKjlwCPf9PdPXZ6iQ-3D-3DNwYz_Pr966knuaHmaw6c7pKvB-2BC=
EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oX=
S6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN=
6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQi=
EmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpc8HG3-2FiTIJ=
RddFaC49D1malLtkpN2fduQtxdrLFzlXkIwRcCyGNEC7-2Bu1IDVldC9gI-2BmFwxnbEkT1Ousc=
sYQsi38sAF3W2nUHlNwvkAhselT-2BDeqfMlkxShU1pA5A3onZeHpWFSvCyFAQOIjMgyYymTYUU=
VpjwnMObZcYeJ8jHsrFQeeGEOhNRFigXhIpBwUIHQ7C95pGHgk-2Fy3VJHdmaDvJA07NZJJVLIG=
RiEC43Yr3yxwDxOSyqWb8-2FLFe0YeFJkSGXi6HXLYEkJiltaZojD" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">BC Partners</a></b> has raised around =
=E2=82=AC1.8 billion so far for its latest flagship fund, Bloomberg reporte=
d.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA5yRgxkVTQIQkEOrVLeZtd=
WmLiLiR10RK42abyDLqBg-3D-3DLS8e_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYe=
X6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6=
P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWri=
ByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpfFzFAXCmiAgQH8y-2BDUprPG7rpuDoG=
yw0d79-2F2Qi2YSMueUxZY7zVBO7Ls8bfz4GVDoGVJrzGjZvERUCJbeWo3t77pFJzgwmxE9XHAi=
3G9FfWHhGZgxPlem8GJWEvFd6paLETjkoLczVwXy9a2MG0j-2FJ5g18er6lZtyb2CY2SMpHx3TA=
kjlFlb9m-2F1c82-2FIKD3fVON0rJsPU8gHlIL7Ce5Ycv12bvBc6Nz2sR69nt1n5tNOH-2FiqmZ=
tb5Puu2iXCyj2gsgP2V4lrtWYYRWH6dbJ7" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">Goldman Sachs Asset Management</a></b> and <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzVA5yRgxkVTQIQkEOrVLeZt-2F47MvhS3IxraXtjuRBc8Og-3D=
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R315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F=
7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-=
2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrs=
LSzoITMcJHNPtjd3GHUpf-2F-2FbEqV8oYNykQyu7VkRaw0AmbkUMDkek-2B2vjJd1LMC44-2FA=
OfHHgOFqvhsvxGG-2BxkLmxBGDGd-2FPidd-2BVTXRPiXQMx12MnO8858MP6xqoRozuPkXi1G81=
ziOGrD3rXtDiopT5MolvR0axpkHJob72-2FjIATYPWP47jGNW3qJwKTjX9nptOziwBL7qgbEK62=
l-2BIzZDiTxUp0oJSCDqJ2Z1MKrK4uIr3E-2BpAeTVEn-2Bl6wc70iZI9gEtZu0KqaN13y-2FZn=
asqUh2xuL03p30cNk2PYKR" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">MSCI</a></b> are launching a new ETF.</td>
                              </tr>
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