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table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= 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> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">October 24, 2025 = | <a href=3D"https://url6380.news.pitchbook.co= m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4p4ypeM6= 4NYxSiGqIF7VFQaV0uT6R0x6GwXMrHjRuJA-3D-3DWs-J_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQ= EBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9k= nGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIh= 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style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <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&A</span></td> </tr> <tr> <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> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <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-2BaqM7ONnvsnswouzU4p4ypeM64NYxSiGqIF7VFtKLy1MVDloTJMgmRNz0vfg-3D-3Doa6= X_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9= Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZ= uO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-= 2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoIT= McJHNPtjd3GHUpccWrn1J5wx9Ye6vC4I6C4g-2F9h0WUibggLsf2ODtJtN23s1tEfLgJtMkDtEi= fw7TgAF3fisfDaODAQQkPdjdoDlwZTL9ubOWv0UEfHm2o7qWz5VKPnqEVRSdq1pywOwm0LeO7EB= 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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>Goo= 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= hAUrWZheHblp6sE6g-3D-3DIyTw_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6Ap= vEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ= -2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPX= bZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpe9eNMJMJt5aNF9zQ-2Bey-2BfWHRudnTLpa= ci8ehaxtgoA3e90-2F6OYbKphWJB-2Byb-2F-2BtHg73OLnjh0UFW9FdO7ySoMLr8ErgP1E86E3= S5AAbWsgrEJgD4j5VxUoGWPiVWjcEtdkU-2B7xWpeg8lHRiSk5AvSQywF7tIUtnKv7xDo3U5yWm= -2BnWglg3zWrBBLAbSqvBPHJUbw3Fsw6ViDbfCg5emUAYwkhSaff1R4WpIT3uXu44BPb9C0aXRo= Uv8j48dcC9N650Od52Kp8nYQ9T3-2BbefnhH" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true"><b>OpenAI is continuing its acquisition streak</b></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> <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>Was= this newsletter forwarded to you? <b><a href=3D"https://url6380.news.pitch= book.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4= p4ypeM64NYxSiGqIF7VF4U-2FQc7FhTTyMm1-2F-2BDp-2Bavg-3D-3D_G16_Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRC= nPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGh= 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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_573957" id=3D"n_573957" 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;"> Blackstone sees end to PE dist= ribution drought </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-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-2BaqM7ONnvsnswouzU4p4ypeM64NYxSiGqIF7VF6a5tWn4sy= O1kDIWX1jdFjg-3D-3DzS7f_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvG= azF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJ= loZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxG= Q9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpfwrw4AF-2FmPXGFBdhA7-2BsXu1eKYCfYTxo4-2= FqmPh-2FsjGrtaTZkJFAolVQPTdzMR2opS1lTTb9fi-2F-2FYtPCtVnYERzulRiI3m-2FsDJeCy= Uhst-2FY9n7eNP-2FNHVN1jLOPmTdP3yZFvNDNmcVWfnl5v9D-2FWYlr7qzfbqeiNaPKoxAyfL-= 2FRV9wD6BgnNPssDf90CgNJjRz1g9vbI5Jal-2BvyC1bNTpfvkm-2B0Vd8YokdQjQ9-2Bcj28b3= 0gfAg3hANR2-2Bq-2F2wZxaRC6JCEzsaykL668erUwUzuO" universal=3D"true"> <img al= ign=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71038.jpg" st= yle=3D"border: none; max-width: 420px;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"text-align: righ= t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;= font-family: Roboto, Arial, sans-serif; font-weight: 300">(Erik McGregor/G= etty Images)</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"><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> </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-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> </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-2BaqM7ONnvsnswouzU4p4ypeM64NYxSiGqIF7VF6a5tWn4syO1kDIWX1jdFjg-3D-3D0= 6nX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR315= r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSX= jZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6= k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzo= ITMcJHNPtjd3GHUpfp-2FYguZYkdLFu0D8w0nSC7ykvrGZrcRlqpZydzXF8mj-2BmPtArxjYn6S= fKlXwDhtDK-2BN-2FyBSosghcHtJeJS77Q8q8Wqvuyq14LyudqXpl5WpCkzYhJWdgmeuIn56xsQ= 12k-2BhJJrvqE-2FSCOC1l09AlyJfUSA-2BDCnkcEQxaciFI5PcVg3I35tcRVoQAHzauF6PRyli= 0DSzpBxB-2BOOZEKsstg4HMG8C8DokGfjv6-2FlOtpThMYrprDaPxd7BR94ds06VTV2crvTwTSN= PEIk8otx9WWp" 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">Share this article<img height=3D"24" src=3D"https://= fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: mi= ddle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </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 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= ZhqAlX8QMYeX6ApvEvGazF-2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ= 0BMbchuc9L6P6kZ-2BJloZiu8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFS= DuZy2iJAWriByPXbZxGQ9gRIiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpcks4eJHaff1g4qaBwDlO= iYL-2FqMGlmrIg1wIDBymQbhApv3tN-2BeiM0C2a4DZSRuq4tB09ACBTfetgiwC9tYOIQQICYm7= Qhgh80L6mYdcGdRtRlMgD8zfXTSRBW-2FYCk4voVjYG9xH-2BkzmBCHPd7MvUS0JIPj3WXP-2FQ= pjIXUuKQuc0KnTzSgN-2FdrHVefICEtoJbAC5FZ4iw3BLfOkaGRHui7anSTZGrlnjEXAGZY572I= YVX-2FlPnp0BrstXUpYoG1SZNoOhoyi-2FxN8pTeUf-2BMJSIUG" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">Q3 2025 US PE Breakdown </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"> </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>A message from Stripe</span></td> <td style=3D"min-width: 20px; width: 20px;"> </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: 10px 20px 14px 20px;"> <a na= me=3D"n_573808" id=3D"n_573808" 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;"> Scaling the AI economy </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"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4p4ypeM64NYxSiGqIF7VFcVBfVoLa-2FieAk= l8s7RhcTQ-3D-3DnMPh_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVR315r9Sy95MpFTwK0vHJRCnPZgquC9oXS6BmQEBbZhqAlX8QMYeX6ApvEvGazF-= 2BFUFCbWH-2F7vSXjZuO0qZ7VCkwy4JSGhse38n0S8RN6Kt9knGJ0BMbchuc9L6P6kZ-2BJloZi= u8TOCsCvEpN-2Fm6k-2BFizSuDu5PhL4PgM29YhA1VQiEmZIhKFSDuZy2iJAWriByPXbZxGQ9gR= IiNQZmJEtQrsLSzoITMcJHNPtjd3GHUpekw6vsOdeOzGD42B4nYF8H7TNIwojd6CyXEYID2FreA= vaj9UPgmfBzdCEyVKiTB91pkgjn11nEIaAVStPDMmRyMCyioVsW0YVi-2BgTgjiVAm6L96fxh7i= 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"= > </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> </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"> </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>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </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">=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> </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"> </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_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> <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;"> 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"= > </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;= "> </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"> </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;"> </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; 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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;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/products/= platform" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <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;"> </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 =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"> </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;"> </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"> </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;"> </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= 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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= 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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= 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style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </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_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%;= "> <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;"> Don't miss our upcoming webina= r </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-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/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWgOXQKtNrQdZd58v0RrWtgQpJpXyajl72qy= HIOzzhCVg-3D-3Dzc_h_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= 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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">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>= </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"> </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>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </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-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"> </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;"> </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"> </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;"> </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= 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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= 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</table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </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;"> </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= -3DYbsf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= 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> </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"> </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>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </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 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