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Edit File: 1761563830.M704834P567676.server-619288.prediksijaya.com,S=191343,W=194756

Envelope-to: most@ponjosonek.com
Delivery-date: Mon, 27 Oct 2025 18:17:10 +0700
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Date: Mon, 27 Oct 2025 11:16:27 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Message-ID: <uwmxVBFLQO-Rq5LmwQSfSA@geopod-ismtpd-4>
Subject: PE in 401(k)s: Mind the fine print
To: most@ponjosonek.com

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0px; font-family: Roboto, Arial, sans-serif;
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come to the new week.</b> Today's Daily Pitch features a bit of analyst myt=
h-busting about the private market investments that would be used in 401(k)=
s, a look at Europe's record PE exits in financial services and a snapshot =
of <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574011" id=3D"n_574011" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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                             <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;"> In 401(k) move to alts, will i=
nvestors get what they think they're buying? </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 =
Alexander Davis, Head of Enterprise Reporting</i><br><br>
                               If you're a US worker in a 401(k) retirement=
 plan, you may soon gain the option to add private equity and other private=
 market exposure to your savings.<br><br>
                               Exactly how 401(k) plans might construct and=
 manage private allocations remains to be seen. Small investors hoping to t=
ake part in high-powered strategies like funds with Blackstone and Apollo G=
lobal Management may want to temper expectations.<br><br>
                               Hilary Wiek, a senior PitchBook strategist a=
nd former public-pension investor, says in a <b><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzXcrbarvczO-2B14h4ZMalWk8V6l-2FOC9hiKpe-2BalDZ7WF7w-3D-3D0g-r_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2F=
qisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpW=
EAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKP=
Y99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC=
6hRasHMhpw2H8b2-2Bbn-2FpNjOXCD0JtbBdTcGppXqCZdBjnEPbTKI6N9WRRLQq3etASWbaGdg=
gBaXiQZbejYd1LV7rvT6JURYjLH4tXLzEgBPEpfCEQeOuVDsw3Rm6zZlVb2T-2FNnWQaU4erNvg=
mOB16WQ3zoTct-2FBmarY-2F9m-2FaJX20uXWD3voVzuT4p2HqZ4TLe9usKb8URl-2BdebHYOj1=
CsRrymicoNXFmBP1LBGvI0mzw4fEIikCajRjq2a7Y6SZRRP7tzUw79l7GN-2FX1DalofGKkTTHX=
Ad1nS2Tc" style=3D"color: #1D5080;" test=3D"" universal=3D"true">new analys=
t note</a></b> that the upcoming products aimed at the retail channel may h=
ave a hard time living up to the industry's hoopla.<br><br>
                               We sat down with her to discuss takeaways fr=
om the note. Check out the full Q&amp;A <b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzXcrbarvczO-2B14h4ZMalWk8hLgh6-2BijdqAiEvdr4k4JTQ-3D-3Db0B8_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8su=
iJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F=
9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp0=
5z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHM=
hpw2H8b3rgeQmY9vufsEh93Sd3mb6a79MkNrbyasWjjoxAxaC-2FlJVl8Ek5kdo3HB4vumeRgz-=
2Fg00eZWU-2BO6AUZKVrezjUtTx1uh5BVfLrTI2BkBGv76NHnJXlde3camt7xIertBhwt52LMa4=
-2Bso4mJdJ-2BzBoe7krmc-2FGTH4F-2FGNODMugB0Hy2tSPUzxwy6L-2BR4LkI5P1NzuXBtJAq=
yWtLkTXmCNWInVggz0ypy3dRUbNWnG6DQ1sElfCH6v5UsZqrulMkHe63u2MJaXFZeSGgH-2FbrB=
6v9" style=3D"color: #1D5080;" test=3D"" universal=3D"true">here</a></b>. B=
elow is a condensed version.</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%;">
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ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/7=
1074.png" style=3D"border: none; max-width: 420px;"> </td>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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 ">
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <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">
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ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
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ng=3D"0" cellspacing=3D"0" style=3D"float: none;
 padding-left: 15px; ">
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                              <td align=3D"right" style=3D"text-align: righ=
t"><img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/710=
54.jpg" style=3D"border: none; max-width: 420px;"> </td>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                              </table></td>
                              </tr>
                              </tbody>
                              </table><b>How is the asset management indust=
ry touting the arrival of private market products?</b><br><br><b>Wiek</b>: =
You're hearing a lot about how great this is from a diversification standpo=
int, that investors can get access to assets that could improve their risk-=
return profile over time. Most of the publicly facing information that's co=
me out has been on the educational side.<br><br><b>In your note, you engage=
d in a bit of myth-busting about the investments that would be used in 401(=
k) plans. What are you seeing?</b><br><br>
                               The term "private markets," which was used i=
n President Donald Trump's executive order and in a lot of other announceme=
nts about this trend, can refer to a variety of assets.<br><br>
                               For those imagining high-octane investments =
such as early-stage VC, they may be disappointed, as the private sleeves ar=
e more typically made up of some combination of private credit, real estate=
, infrastructure and possibly private equity.<br><br><b>If retail investors=
 are looking at this change as an opportunity to play in bolder assets like=
 PE or VC market for the first time, are they going to be let down?</b><br>=
<br>
                               The executive order does highlight things li=
ke crypto, VC and PE. But the vast majority of products available for retai=
l are sitting in private credit, real estate and infrastructure.<br><br>
                               A lot of the stories being told are, "Hey, y=
ou could have gotten into SpaceX years ago and ridden that right up." I jus=
t don't think that that's going to be the primary exposure to private marke=
ts that people assume.</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%;">
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cing=3D"0" lang=3D"x-content-btn">
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order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
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oNN9Db5jwFTuCFir40x571-2F96xu17xKfu6aWyMICsp1eyE-2BslvtAoRBq-2BB5vC3eyjeLzR=
IVd0H9-2BLrpYKQOBxGWBRvZOB5QUDgNel2Cy1ZX0eaHne9mHpDArnpR6niIwnhtMr1uD4rILuk=
ha1K3hDga4jbm-2BuQLe" style=3D"font-family: Roboto, Arial, sans-serif; font=
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e=3D"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a></td>
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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0%">
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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-2BaqM7ONnvsnswouzXcrbarvczO-2B1=
4h4ZMalWk8ztHwRq82xMXypBbwW9z-2FlQ-3D-3Dax4G_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU=
97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7=
Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y=
-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2GdM1XURz8F2QB=
x5rfsrlmAs23AKfF-2F9I2AvTOR8JrK4HK-2Frg9I6G-2F2PbQM99r8yfwsz8YOoS9NgKW-2Fz8=
WFqMYyEq3LjkNHfbPdU9bnjjNo4kJoL4YwlnqtLFFa3i97E91gT39J-2FgbqZwzEChz3Sslol12=
QH4UW4C8XsTQT2vWlsV-2BkCUIJNbLL9MpCJeA8qLGMrbucJkh3WXmu8fbZshEaflRJTjSTdLm5=
x1MpOPq7j6qlqLSgGdXI-2FJdRrbqUogMtqVstPCafwmQqlJYPMwl" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Issues Around Private Assets and 401(k)s=
</a></b></td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
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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 Affinity</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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dth: 100%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573912" id=3D"n_573912" style=3D"font-size: 0; text-decoration: non=
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
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ate capital in 2026 </span></td>
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rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcrbarvczO-2B14h4ZMalWk8SuXscEoN1Ykt0=
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HnGIYdqrLxFYtTN3cHjG5R3VHOc1FFX6zsdmn2CBXdXGJsoaxlYtQ3b3F0AEUDPZm-2BfGuHHAY=
oA-2BGmexjHIJzHVOCly3Tre-2Fc-2BqH6pJNtMKNdjegXCNDaIdW8vYv4OBX8QBfTiH9cUtfxg=
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                              </table>Affinity is gathering perspectives fr=
om leaders across the investment community to understand how teams are thin=
king about 2026.<br><br>
                               Your input will become part of Affinity's 20=
26 Predictions Report, which provides data-driven insights into how firms a=
re managing operations, relationships, and dealmaking strategies in the yea=
r ahead. Take five minutes to share your insights, and as a bonus, you=E2=
=80=99ll also be entered into a drawing to win a $500 Airbnb gift card!<br>=
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WeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXK=
hCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFI=
yZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbV=
ySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b1pk37qufgLVUICDEv8gq2c3Dx9-2FmBQbpW9SE=
3C9h9yATlA-2B-2BbsxIIOcytlD7SAPqas-2F43iJzqZSOpQB3-2FfY1R6FCOiZkUGKk8x-2F64=
lUKSXWmknOJ9vn5jIFJdXZ9bTXj1wC84INDBdOWoAgB4J6iGGMhXd2AWM3tT8LsROd4V73PxeaA=
4rZpWqkbe5cmTqHpBKpknmnB9-2F2rCDX2bAzsTyWrKeVxBZTAYSdHYoHEudTwVkmBOegkzuxlP=
f97g-2FYzsRjmc1vYtmdt9a0a1ru91B" style=3D"color: #1D5080;" test=3D"">Share =
your input</a></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
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lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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dth: 100%;">
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>Goldman Sachs is nearing a roughly $1 billion deal to acquire Excel =
Sports Management</b> from Shamrock Capital, the Financial Times reported. =
This reflects rising appetite for athlete representation businesses and spo=
rts investments in general. <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcrbarvc=
zO-2B14h4ZMalWk8zOQw0Sj7ahjY-2BSJMtYcpKg-3D-3DE98P_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQK=
otP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFO=
DEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluR=
OcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b3c599YMX=
qlzTOK8-2FV8bL04cgCLok-2F-2BXBQIimGnpLA0oIT5-2Fp-2FFkyqFiHUlWgQX-2BkZTV-2Bz=
so12oZSL-2BoWD1WMHvR3TPkTvjp835EUz-2F-2B36-2FusQNEAxCw2HCGhIggTEjSNzc0rqZ3b=
mXiw-2FqKzDHnxFfc19uwSbQ5lPlhfHKxddrFlTLLiGSd5vW3wBxXnA14t7UXixDFCN8hOrluG8=
398JdfBo0BqfCR0kjbtSGOXVNNvnnZuYdFHusS-2FqxNKc6cfdapR2UfV7NVt-2F6W0RfBdsu" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Find out more</b>=
</a><br><br>
                               =E2=80=A2 <b>Italy's private markets showed =
signs of a rebound in Q3</b>, according to our latest country market snapsh=
ot. PE dealmaking reached a five-year high despite smaller transaction size=
s. VC funding bounced back, but exits remained muted. <a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzXcrbarvczO-2B14h4ZMalWk8pZxRkwo4wRlhXwEU4dDkmg-3D-3D3gCq_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-=
2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8un=
pWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSK=
KPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbB=
jC6hRasHMhpw2H8b2QW42wzcZAGmNF9-2FiKVrAPH6pdyrN-2BuKpTwbOuPwpRZLHalPy4OcUVa=
m2YIFRcCO-2B9w7ZQumKA4nJxxBWr1SA7I-2FVWTMOTLCeFitBavA9EQ0FpCUq-2BG3Mf5aJd30=
Rb0wN77H7K-2FoEv8vjlZ8dIm8Rc-2FmHcngsEuQAzp-2B0shZEsKB56w7xZXhIhnaDH-2F2rZc=
8ak5RVO75IGPIjSVoIl5YBCo9iTCV0Gj2j25sqm4dzZX6kcO0ilu3-2B0v6vB31MJrzWPjAcHle=
e-2FLadTavjE6YcW" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b=
>See what else our analysts discovered</b></a><br><br>
                               =E2=80=A2 <b>Meet the unicorn class of 2025.=
 </b>The latest additions to our tracker of billion-dollar startups are pac=
ked with AI efforts=E2=80=94from coding agents to semiconductors=E2=80=94al=
ongside designer sunglasses and a cancer care platform. <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzXcrbarvczO-2B14h4ZMalWk8XaDAVz86mvcXwmu72K-2BGsA-3D-3Dq=
F7V_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9l=
LDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCG=
g8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW=
3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ub=
skbBjC6hRasHMhpw2H8b2xOCJGy-2FoX6NdnWL-2FqKbiCjbkcNIrqzk83zfN6tCVyW7NQf-2B8=
Difa-2FOPF410YALlsU-2FOf7kfYWWemnLaeQQ7LbbONuitQXMWM3U7ldosy6iEgXt6WIfn1MGy=
mS1H-2B93pxjFIaq7fRVvLr9DDfS7V3s6FkVGrJCZSRGfCcK7UXa19vyNZPQx58t1sO1NHaIdKQ=
MrppKc0kjbMu63-2FR2j3Odiq6JEPlSUFRDwGyHTcF323a-2FwKvzgXVeAEXeGioxHee7R9EFD7=
S6-2F7LosGWUxUNX" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b=
>Explore our unicorn tracker</b></a><br><br>
                               =E2=80=A2 <b>VC funding for the medtech indu=
stry is on the road to recovery</b>, according to our recent Emerging Tech =
Research. But while growth-stage companies are seeing a surge toward 2020-2=
021 highs, early-stage specialists are feeling the squeeze. <a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPabTkiyA-2BOBTzJfgk8Gp6ZepA-3D=
-3DvOiz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
Fl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOn=
AYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uB=
KuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2Fd=
V4ubskbBjC6hRasHMhpw2H8b3HAU8uHgwaH2G3vqF6GxRWYaqthsuAcAOmrRESHS5e3xbHXHUqN=
96Q6ysttyBaV36Z1qzrSq2Uf-2FPXjh9x2nQxd4yCMga3eJ8sEmSiKf84CR1rsWqDASTJdoFXMR=
jHtOkoA80jB-2Fdya-2Bd6l8ArvQ9S-2FinMkJ9a4SnpGNzbPAUA4ht-2FyHn2dDSoRkRzBr8t9=
rPHvp4L9dbh8IIDOTRs6ssNSujCSjtn58CG0C1Ovg7-2F08frxQiiZXYosgSWbQPuNfTKoZf1Sg=
-2B0yfd-2FV-2FwhzlKx" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
"><b>Access the expert analysis</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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573994" id=3D"n_573994" 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;"> PE exits in Europe's financial=
 services hit record $36B+ </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 =
Andrea Gaini, Private Equity Reporter</i><br><br>
                               PE exits in Europe's financial services sect=
or have reached an all-time high in 2025, as firms can finally offload long=
-held assets amid improving market conditions.<br><br>
                               According to PitchBook data, 77 exits have c=
losed this year, worth =E2=82=AC31.3 billion (about $36.3 billion). The sec=
tor is on track for its strongest year on record for value and pace.<br><br=
>
                               Several factors are driving the uptick. Afte=
r several years of extended holding periods amid market volatility, PE firm=
s are moving to crystallize returns and return capital to LPs. Much of the =
exit activity surge is driven by liquidity needs rather than purely opportu=
nistic sales, as LPs push GPs to free up capital before committing to new f=
unds.<br><br>
                               With stable earnings, regulatory tailwinds a=
nd consolidation opportunities, the financial services sector has become a =
prime hunting ground for strategic buyers and secondary PE funds. New EU ru=
les under CRR3 (known as the Danish Compromise) mean banks no longer have t=
o hold as much capital when acquiring insurers or asset managers, encouragi=
ng more deals.<br><br>
                               In the UK, regulators are also easing rules =
to support growth, such as simplifying reporting requirements and updating =
the Solvency II regime=E2=80=94the regulation that sets capital and risk st=
andards for insurers.</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-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPabsq083Rp=
L3BO14CPz76by-2Fg-3D-3DnhSx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgo=
bubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MA=
pQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYm=
bxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b0mZ4xEvnvblmDnmOFE5n-2FaaeE60fs=
N6qGWNANNXE7vm51j-2B4afqHAAHQfMfzBJhCrPXp7aHgcqmbwK8cajyycamJ0eDxeytJpCgeQK=
KEn4rRQ0WRKd6XEYOno8NZ6qMiLg8p1Y-2B8tR6-2B2tHqfYFNd-2F1zQq2kpXTPYHIixbU2GMN=
aLh1iRM8dB9i66AsYYsNvqsKRfS5W-2BUxVtPMkamrC3ByAwLzVdj-2BbUh3u-2BS7HYt-2B8m2=
c6j-2FeU5ad9o87P8VdrwkpdccYl591X7pgpY-2Ftlne" universal=3D"true"> <img alig=
n=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71086.png" styl=
e=3D"border: none; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <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">Renewe=
d deal appetite among corporates and sponsors, especially in fintech, payme=
nts and insurance distribution, has opened new exit routes. As valuations n=
ormalize, sellers and buyers find more common ground after years of mismatc=
hed pricing expectations.<br><br>
                               In July, CVC Capital Partners sold UK-based =
pension insurer Pension Insurance Corporation to Athora in a =E2=82=AC6.7 b=
illion deal=E2=80=94currently the largest of the year.<br><br>
                               Cinven also exited German life-insurance con=
solidator Viridium Gruppe in a =E2=82=AC3.5 billion sale to a consortium le=
d by Allianz, BlackRock and Japan's T&amp;D Holdings, while Bridgepoint sol=
d French insurance distributor Kereis to Advent International for an undisc=
losed sum.<br><br>
                               If the current pace continues, 2025 could cl=
ose with around 92 exits and roughly =E2=82=AC37 billion in total value, un=
derscoring financial services as one of Europe's most active and lucrative =
verticals for PE exits.</td>
                              </tr>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6=
GzuCXkPPabQJNGOrbJ5X5Ge6zVctWAcg-3D-3DgTfe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97=
Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4=
hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2=
BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2wmx-2Bos88jKcUs=
pIJ6XxiAVf2Ydr7LW4heJe86n5i-2BJ7Kue-2Bq4qcYsBmRTfO-2FAgY9EVbBSByzk3kPe2ZdvC=
RuTKlYNQvxIXRMh7LCspXDCQU-2F6UTDBftHsXI7TE7X1Ay-2FhWAiCBtA-2FXCxLAsCrPm8-2F=
TMtb1Q45W-2FD-2FrjnjHW-2BjUh5f7U4FtQ1kfiFact4fFOz-2BVsPPzYSGgedgLiQgHDXzvY2=
AcsL043JSLYKxSfpCMHOB3e7gd-2BLUamnp0lZanrxtK9gMGB4Beqp64M4ByLRU" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Q3 2025 European PE Breakdown<=
/a></b></td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                     <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;
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lign: left;"><span>Side Letters</span></td>
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dth: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                             <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>
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>Is switching to an AI web brows=
er worth it?</b> OpenAI launched ChatGPT Atlas last week, and more and more=
 companies are jumping into the AI browser game. Before you choose a browse=
r to replace your old one, read about the benefits and risks of using brows=
ers from different developers. [<a href=3D"https://url6380.news.pitchbook.c=
om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTvGj-2B=
S8plB6GzuCXkPPabJSCdvebmM-2FsnmWnUqjw14Q-3D-3DoiO-_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQK=
otP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFO=
DEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluR=
OcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b3qAatebF=
HBbr2-2B-2FOLWw0Gjv-2FI4pRBXMKqb4y-2F3wHfi9qV7EYeHKGHhJmVQXx1b9dubrTY2yfkmL=
2AEkE1mLmMwED98Le7o6Q7-2BTgpbUR5x-2F2RKAkMghP5izEJHpywcYLOsq-2BO8hYsjZtTrHA=
AG9K7vjl9WCT8SojfVYBCRdLfmBydctsa9OXQM5CJVfUNifUx6iOcqWDgRebrPY57A8SCHXlral=
uuHBTxDQ-2BdgWBrTGkNjKtF0nlY18x7JVBFL25Zdz3-2FA76tTsPwJ0D17qh3g" style=3D"c=
olor: #1D5080;" test=3D"">The Wall Street Journal</a>]<br><br>
                               =E2=80=A2 <b>Massive AI debt financing deals=
 unveil a potentially weakening tech funding landscape.</b> Morgan Stanley =
CIO Lisa Shalett says that Meta and Blue Owl's data center project is an ex=
ample of deals creating a more complex story for AI fundraising. [<a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPabohWAdmlg1bym6ElquV9TAg-=
3D-3DEy3Q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0X=
OnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5=
uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2=
FdV4ubskbBjC6hRasHMhpw2H8b1-2Bp6MMoUUdkPaBjOl0AdxvuHumJDbe-2Fnl4uIYPZUPbw27=
BUM-2FF3UO-2BXdcFfvcuiv54YqoqA1ceesrsITq7JVifaUZ-2Fpnh82HIbe5nTOoEaK60-2Bjd=
s11gX1hRvPto8C-2Blw5FjN-2Bf29Yt8BHFkLUyQBPyrVSB-2BPP062vL0kVpjG0z0moaC5-2F7=
-2FdWkX-2F5hTiQ-2BFpwuly5h8b65WlwbpfCRJT52NQGpKDYP-2FAYnRXKehpfyHPbcDsJvcCf=
-2F6o8kkB7VE4I8leUn18D5ZX2v49Fpw-2FA" style=3D"color: #1D5080;" test=3D"">F=
ortune</a>]<br><br>
                               =E2=80=A2 <b>The UK is considering big chang=
es for London IPOs.</b> In an effort to boost listings and establish London=
 as a strong market in Europe, the Financial Conduct Authority is in talks =
to shorten IPO timelines and get rid of its two-stage filing system. [<a hr=
ef=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw=
7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPabo-2FF77X-2B4AZZCMzGCa=
rNyuA-3D-3DtsoV_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrl=
tZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOp=
x6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8d=
os9b-2FdV4ubskbBjC6hRasHMhpw2H8b0M-2F-2B5LX-2Fh3EVc8jdfBmzNiKxg-2FkL3BJdiVr=
SflRjIBXVfmlU8dd8tYzRs-2FhTDi0he10Bv5azrJvEw6uMKnrGTHBKFKbY2ZiAq4eg3r-2BkQb=
YwL-2BbMjMa-2BzA9r-2B1ljRbGtRii79gN-2FViJ48lE5erQgNjFPZAtXZToGDU2t7CmhEAjaC=
hO2VqibPTB-2BcXt56WmJcuElu7OSZR6Gp3J4omlTnwJ16DzvJaRGVouQqOB9bGP76t3tWoKnin=
CLlBC13K6D0VjqVSYvUFe-2FNs24gTt2uo" style=3D"color: #1D5080;" test=3D"">Blo=
omberg</a>]</td>
                              </tr>
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
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                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 32%=
; min-width: 32%;
                                                    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;">
                              2
                              </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:=
 32%;
                                                    width: 32%; 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;">
                              62
                              </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: 32%=
;
                                                    min-width: 32%; 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;">
                              64
                              </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>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding: 0 133px=
 13.3px 133px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPabFb7bIJkYjLxrXCagwBYXDA-3D-3Dp=
DlC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9l=
LDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCG=
g8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW=
3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ub=
skbBjC6hRasHMhpw2H8b0lH1gAcwzeJnDSbl6dD3573wNk73Sb4D4MT4rH8eqXg-2FpUu8C9nI5=
EFhCGlXsX8HEs-2Fgx5LW86kIsaqv9aRSD-2FH37hPZXKsLrA2PoySJTZio-2FDzx6uhBcgcaGR=
uHvyEAcpGLJp2s-2BWwfpg5rPOZujxDqVyjb6KX8tPBYbJTnrh-2FVAbIEZSiBM83PczZlhF8Z1=
SjlGkhGQbswfxZX1Cnm0fe0UJ0PIjj0cY8V0o0uoD-2F-2BO2I0Mp7iDoAfmghvMfOY3OfSW2FB=
ypX6WE9UzO5fh7" target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;"> Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574006" id=3D"n_574006" 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: 2014 Vint=
age North American PE 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: 71.04247104247105%; mi=
n-width: 71.04247104247105%; max-width: 71.04247104247105%; 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">18.40%</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&nbsp;</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">25.90%</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;">
                              1.54x
                              </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=
swouzWTvGj-2BS8plB6GzuCXkPPabizqDQs-2FhnaDftTl57mr46Q-3D-3DAqmK_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJ=
ErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9p=
U9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z=
5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhp=
w2H8b1Vh2K5s-2Fq6Lwmt6HOiY9ktmNXyVzG-2BK0m24tRqOxCkt-2FrVo8k4RxZiC2X7dTvVih=
-2Fq8-2Fki8M24OQAGOA4AQYt6udlxmglMvb89oG3Kq5ZEM515so6BpZVUInv0h3RlMuSOb6Vvx=
5DVeN3GLFUxNpSROcO5uLxvwEn8VZ96V3sFQQdrdIPPGAeOLthEK5-2BQ6QnV4LtvR2-2FOjox3=
RgB36PYmuf01Y6KrbB2087N5LsgO2B5nga0I0bsvMoq-2BgB-2BcTupCz3dujToirGcAHs5gBCN=
O" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=
=3D"true">Consonance Private Equity 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=
swouzWTvGj-2BS8plB6GzuCXkPPabL33OghPc6jgwD3zZCkFbYw-3D-3D-e9f_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJEr=
CB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9=
Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5T=
aTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2=
H8b1YMlhC-2F2L7SdltWeKdtMpLKvFpTPaxHAsQZjiiLhbxKv21gkAvIvaav-2FGkQjLLpgwOqA=
xzfDzND-2FCAXG1ehdRmfJPzIbaD0nD0TV-2BSL-2FLUnWdXbuxonPiq2ialuZ8FZX6fBrruKf-=
2BHMVfEqaeBCaLZbksy8BgRvzOZy3hH0Lo6aAk5F8MLczZ-2F252gVN5aPXDctoxA5-2Bt5Of4m=
tC27fxJfB60McHj5ZK0CmyK-2FCt6t0KGaFDkfoF-2FLoWLWnGTYdAU784UcZQhECZ-2F0WzzOR=
gh1" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universa=
l=3D"true">Third Century Investment Associates </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=
swouzWa10fq5aDzBTzX-2BuTmzEtXkhcT8huD-2Ft-2BIg18uce-2BTaA-3D-3DARAU_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8=
suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-=
2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wb=
p05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRas=
HMhpw2H8b30-2FzusBibSluB9cwFWjecX7GuZy73NpyzT-2BuRKtEU4mVNp9pzs6nb4KQXXHKXu=
TwJOibUN3ZwgLH-2B5DMElGF8Tw8LGCj1tc7CnRFA6A56x34Jx3X5ThCN9YoTLY0vLC8Tu5D-2B=
NJTsTxUFmZmb-2BbrkXl46Yr4nFU4-2FF-2B22ZFFpMP-2BKAP65saO2ZaZ1PQ9gYvIXXi1eqgM=
ObMhhR2nlaQjbGZ0g9Ydk9Wi5-2FF5TAldolf3JmV74EteM2nSE3BBy8HA7G5I11JeXvUxId40e=
Vj3nh" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univer=
sal=3D"true">White Wolf Capital Investment Partners II </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-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXG5bZ=
RdCiU90DHPJC2TYnTg-3D-3DRx0I_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAg=
obubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2M=
ApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvY=
mbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b1bImWBtMg4DAMcR4OYQQ6ZU1EuLRYp=
hVpoq11g-2BdJ4SEKhYHVebiEt5OPr4uXXAhiokMJmJEZrZBFGBpng0kkNtwcS1BGLLYqzJ25gZ=
pgAZWL80ZYZbrk2EfAvmrB-2BtJOQW6AX4MDCC2cT80PnJ-2BK-2BndAnKVYfplhGclfkMKp-2F=
qMTbP-2B2To9P0QV6663A0M2bvgjdyD7DFWgJw6WVB9-2FVCsTsct0nlMJB6d-2F2RVpQAQPYPf=
p7F0q1B0boqT2yyZWAHDL8Z-2Fva991YlTEvE9sfn" style=3D"font-family: Roboto, Ar=
ial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-he=
ight: 24px;" universal=3D"true">83 Funds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5=
aDzBTzX-2BuTmzEtXO0F2gwNntnSSpSIVpAKblQ-3D-3DnkXI_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKo=
tP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFOD=
EvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluRO=
cVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b3G0H6JcW8=
-2BJj06K4H7xoLODoYR-2BNBefEnL82Sl71ZafjADWUxWkG61btbqMUdm7EIV-2FJXy8jpNwekU=
MoaD9kozjV4iwKWVWcvjAOC9DbuHDC8jP4-2BM5rtknYQUWnjwJiVG3yUhW3Qd-2FT12IqZ6TuC=
Zl8Otv8sh-2B8Zl31hKtCID2PxgGHlCC-2BOCkXlmTB70wipJT-2BbjH9eBCYqxuPJEoy7GXVuI=
yz1fggCLg9SrTKKk5L-2Fuj4xt2K-2FcHiHEHE-2FOqJTG3UCfcnV1mZY9G2IXQRI-2B" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a><=
/b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>People</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Presid=
ent Donald Trump has chosen <b>Michael Selig</b> as chair of the Commodity =
Futures Trading Commission, Bloomberg reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">New Yo=
rk-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEt=
XUR7sRTIEcsNcoRbZxbrM1w-3D-3DSlKw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqp=
NnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF7=
8Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-=
2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b3ADVArPVl7MGn2DbTywL53qnK=
nJL5hqEe-2BRWdkfs7tetxsinCks6xDfkv0AHxuIxCabZb85qxh7AZ6JdtbkTPOaW4mpzZcS0oz=
b1q7zqqQi9Qecb0CDXoWM0G2eomrmc3PUtfdhdCyT4wEV1xSzgL04nv3dXRipumuZOnjdU3Hvb8=
PRDbDqzz4Rv-2BYYCKhBfhb89gkF5zmQrGqKrq8OaghxYw9H7vvsiAjpOR6UJsk2fpNhIcHJlmf=
YQAOi75-2FLWAx00U-2FvZDDG8964DSvIxS3" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Valthos</a></b>, the developer of AI biosecurity software=
, launched with $30 million from <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa1=
0fq5aDzBTzX-2BuTmzEtXawRF1eKphsrVTk36GO4B9w-3D-3Db6UY_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5=
UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBp=
UFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2F=
luROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b0Zysu=
Vezp8LSFRGLyrSs13ehdlHQ4nVPk1Ptu2WWDNGSAfuv78NBNDoazYK6IpSruRL05Tuth79skLFM=
lkElE1oUWHi0-2By9hKebjOzfI3ZwHMVqzE9BxvMBkY2QWw4m9KQdRYrc2lUwGliGkI0d92UtCD=
chHSjcTxjbXfG-2FpCbHj6AujdMFiUR6fHRbHsVQ2WYzr-2Blq1HuSxuX9QT4owIE8UfNKb6m37=
G6Bj15t07q748-2B6HXKf1pStyoLcbaq1upRKh8Mn-2Fs-2BAAld9QqxAPeo" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">OpenAI</a>, <a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXFWdVQPDXJcYSIhW-2BpuBoCA-3D-3DIP4=
8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLD=
A-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8=
unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3D=
SKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubsk=
bBjC6hRasHMhpw2H8b0ltSmt54bSSJAvfCgt-2BWW-2FRdknP3pzXTtsK8l8NFBpnmx-2BAaZiL=
Jmzd4ZbI-2FiwIqI2OLmx8Bxb0TdPnxPTe2uy6ZBfrp17qcWacoqtRHFm8PhROvGPsowOG99soy=
kj1-2BbXo1-2BJi6n8JDupHpO1HlGWE9GRJRBi6drzQjcrKFjRsNmHTR61-2FRmlDwGuLVuEzrY=
D-2BIRlst5mLpA-2BLPJt-2Bv0d8ZNJbxX-2Fwu9vRhi7UntS2CLRFet1knmtiHcjn98aMK0-2B=
PnOtSDIFA83cbDCOPcxg" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Lux Capital</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5aDzBTzX=
-2BuTmzEtXAKAXj3jh8oKYv3EZ-2BrcfZA-3D-3DoXTS_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU=
97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7=
Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y=
-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b3dBdS4uvD1GO0I=
D0Y6XdW7a8hQOT1JQqA6gM-2FacxNUwfWQyKUOHYRQFToykWgKZscA7WUBY8mndvTmdtlM5CXbl=
h8n5OiLjxZsSgQIEuyHrlqg3OcUz-2FaKnUwwFqV2ZBgHdmzduF7m6rqjZ3xG-2BC7v2RZTwRSQ=
BYyMOf9py-2B4KDlXcrQLEGczOCNjr9Hz2dEmsjJZ0xGA7wZlwjBUymC9bvBuxmsZT9ArkTV4fi=
l4WIPeoO050eqJC1FyqXr-2FbAsxysTlKoC-2FlzH72zxmStiGw" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Founders Fund</a>.<br><br>
                               Consumer credit and loan startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXquzX0fJ-2BAKU05oO-2=
Fbghzuw-3D-3DEt_8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCd=
rltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZr=
Opx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe=
8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b0EjBoKFYwW7r8NnD5BKHDq7TwP1tNEwPRYaLX-2BE=
m2u1-2BMarVcHytf8REblqcZFKfN-2BVVf8S3k-2BwdwsiKBWpmmiUdUiMyNevjAgA3Dmnpf1FR=
MvmPNi4EsDJbApckLW67K8E4LXj463Fg9QyJ1zexooDnY8Mj9EKTQmuBBdq4zhL54fKKoCWJ2tK=
unoMttra0J2p3UJSFLJ8wjguGhzLlMdemocw57XQYYQcN4wFmlPL-2BpdTaKR1T6-2B5BJSaNom=
ff0DandrTCND41Hvzx8cVVih" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Ava</a></b> raised a $15 million seed round from investors including =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXoVcS-2F4lSkw=
OrFOAINdBpFQ-3D-3DM6Us_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMK=
XKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOq=
FIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4r=
bVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b1ObImhYG3AIYZFsZZYaEJcyCS8qJnR6QUIQW=
ck8fUSCnAXn3171rnZIsfXx15Xv2CNXp4xdZPBIsGKDd7lPPD-2FMICjzZpnahPOaxJ792asvE1=
CmOqPECCWt1y44NOJzFPj95gg5QeeLRbSGaef8BK162ehx47E4jaP32KvWqGpkE1O-2BNB0hqIs=
eMzqO2Tl6gbMBiCWOogS-2BRCypBbjKa7-2BLHDP63h4rtporDwCpemvEmH3zwlP4BGll6oe4WQ=
kTCvzW34s-2F7-2FoJfcUFbjx4TmR" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Greylock Partners</a>, <a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa=
10fq5aDzBTzX-2BuTmzEtXOSuXeBr0pST-2FEgr8bvd46Q-3D-3DmZdA_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bU=
Zu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2Ft=
ZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5=
-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b1u=
EbB3Ce1OYG2PgxdqtwsBGcJQqVlfL3tiZ-2FezC6ONBxUazSUrWSe511xd3-2FL0Kb1p7UK2q6Q=
XXxcx7aRvLJbX9rQ-2F2oR7PXF0jfkOsS4-2Bk5uak8tsuojejCytxfzGbXi2K7F2T6uBO-2FAO=
U3TuJPLAEDo0a1Kz1tjha9v-2FSJFPc95g29t4QTOyY1UN1Uh9kSO0izY-2BiMzPhmm1CGNqbpp=
SvCifulEqkdhXvQQFDpwbtWkmJqxOdeOtklggpgekZwlqIM34gHI-2BOPkJWWtFDYLc" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Transform VC</a> and <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmu8WuIa7VL2NaE-2=
Ft2Ei3i7ag-3D-3DUOW2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXK=
hCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFI=
yZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbV=
ySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b1U-2BN-2BlTAtN8RQDEg6r2HDXepoP5mHRx2ZF=
O5kzJKNG5F9tRwCfioPj5fhUk4IfBYesWsitJjmpe-2BmkRui2HlYAyT99e1iT2qP9VBMB9JchY=
A8AUWIkL0jBstQIfyjZBkt5IW5DZw840VE73hWGPTTLTP5CLo7MQTBQux8aLUTZCXQus4hpGZyE=
-2FXd37b3KTpkl7g2fqDGxR69kwHJhUq-2FTe0FLgfKVhU5FS5b6JWT61OkB246qPrGPwAYpL0w=
F7a2Y3gR7nIJIq1N6e68GRARH" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Firebolt</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX=
71-2BMZ3JU-2FVciuqpmucYzCR6avAlqhcHEnWpnuzA-3D-3DLx-K_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5=
UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBp=
UFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2F=
luROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b04W6n=
QgAzeUyjNc0wxDYKlY7H54-2FTD96ML0hHSRAh1vS3IlfyFXkq5XfeX5s-2FBbQ74Ne3kkoB4cH=
OzV1flLT3tf9f6sOZH2ISCaWnGWx-2FotGckI1EURhQYLWV2-2BDdyqR91eCor1z-2BWmrJd8gM=
Jb4bYa57yAGE1b8gtGKzaaW7M2eppV4eiOjySOfncZUMGz1NfZGA3uMOwPbOfbA-2BBqtzpHQoi=
Ad1nesqfAwEbJwDEagfPWmfR9eg-2FdkdA49-2FwJgRWitmgPbrZknnzuzDHaMHR" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">Mondra</a></b>, a London-base=
d AI-powered supply chain intelligence startup, received a =C2=A310 million=
 Series A from investors including <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU=
U0cX71-2BMZ3JU-2FVciuqpmuh8eTYrWITYpwx3aIK-2F3wIg-3D-3DWHlE_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB=
9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-=
2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaT=
Zf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8=
b2EAUYxZrOjBVQKCnBymeE6dk3-2FtP73QNLyxzsaNef1y3irsxG62kJs-2FmsnAOIpj-2BFCCr=
b93fzPyQ-2Bx4p3JctFLW-2BcVkrf8wi6NlWWYN0mNxs1WaYnSYbvW2TG4XS0Vccx1lUVfXX7nU=
gitmJhhi1w-2Frf3oQXZMfuaBnziyoHgF7olGKIQKV8SEhymaEwf8NxW62a8Lr42m4NpOUIIHYU=
U71JeStJtSyvV-2Fvp8PB9hA-2BkdvpQNehw01RpLAFx8oEtnwwve1AIMgsZcX5w6NraHH" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">AlbionVC</a>, <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmuHFV-2FHZ7pXm-2Frg=
RaqXUe70g-3D-3Dz-pS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKh=
CdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIy=
ZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVy=
Se8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b3-2BRkWLN1JLjSHn6QgZaP-2BFO9kGJvg8i3Sgg=
AiyqgmhG0dunsS51oB7lZXaNTHuZCBpDE8zaB60WESJUhuCDhBG9grEjSL97Cz3iguGCUn8i0p7=
ksoHNid6jASG1Skh3gI3BJbg-2F4b7W-2BPblOlRvPtGbn0-2FXgHrSFOJyHwSui0zzQ2DXuS37=
3qNbOFA-2FPksAxOX7wG25M5Vm-2FkqLOCsReoLJou5x2XbyBB0f6JwVcV8x2G06e781szSPqKQ=
sDpdzLNBtZFGkzL-2FF58thy1Kp7ld" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Planet A</a> and <a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71=
-2BMZ3JU-2FVciuqpmuNKbmtZDH237udF-2BAKRmokA-3D-3DFTfN_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5=
UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBp=
UFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2F=
luROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b0Z-2B=
JXqT6RBqHzc-2B1wszS1FA9YbRWg2Lph0Bxrqu1qaMl8Bgy1DMzjvfJ3wFSrFWJtsFt7-2Beqix=
pqCIE21bYmRrXv5l5m5LrpPZ-2B7QSVB-2FeRyhcKKdYd4MMC5dMCmDfA8ptgs-2FVxvq7DPxne=
oReSRkm7vkbHZ7CKYPSTDJOiuXRlzjutGLT3XMXtsegEe1-2B-2BUOEsIW-2B7IgnXk4GJRB8jB=
XpgZ1Ai9rj7eQoRYeIzWxk00YYYNZ-2BKPH7KaMkPHSYxSRmO7hagdryZbhsvDDq99kD" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Swisscom</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" 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%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573933" id=3D"n_573933" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Don't miss our upcoming webina=
r </span></td>
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <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-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmu7i7YFxHCc=
QjyOnI-2BwO362w-3D-3DFW1Q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobu=
bMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQ=
TOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbx=
k4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b3me11Hw-2B1ewJOP0JDDeUpURE7zodCAA=
IYz6ygv7cxtndmA7NAcBekApjdngpxib1ESalW-2BISHSDJZisXS0hMqJlBSstBko6S-2Fid-2B=
IXJhjvD7wgtBajIUe4bljVpgX58XuLKOffV0X6PzXoigMoABlX7VUg0Nq8Or1Hz-2Bwu-2BSxMM=
EP41n0mCfj7ZexfQW5pB5-2BQukIM8K63rgvV942IAS1LM0LOmByF04lY-2FtrSmAi1XRSnACSH=
F4D1cejrfx3dC7EbsKMwhFT6aQccWvebfnJ-2F"> <img align=3D"middle" alt=3D"" src=
=3D"https://img.pitchbook.com/news/71019.png" style=3D"border: none; max-wi=
dth: 420px;">  </a></td>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">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=
nvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmu7i7YFxHCcQjyOnI-2BwO362w-3D-3DCIPz_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqis=
l8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAH=
x-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99=
wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hR=
asHMhpw2H8b2OKMR7tCVCvXD8GAzULECcHw4-2FdW7v82dLcwA8u4fEpaXotNQdhrLg9-2BO70L=
sHybmtQ6NQnxROJiZvIfE-2FHMWF0CNVaM5BmoGUXuPm9MQFjwnEZwcwsP4Cm-2FwMv3XnhP9SV=
Qt0gTJPXF1FiA-2BsSUtj6ZWWBatyCsajE-2FAEELWjgwRl4m-2BAVUpBSSN2Yvo0VrZqBTHLrQ=
EkkP9s-2Frl6GtHovaxQ5EyLLnYfi0cGpvf5cSeDYE1P1CRUmAO15cO4tdcBWk76BxzioNxnWBa=
-2FGxom" style=3D"color: #1D5080;" test=3D""><b>Register now to secure your=
 spot.</b></a></td>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
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                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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                  </table></td>
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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%;">
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmudjA9g81hYLnkSgRE=
eJ9-2FNw-3D-3DayBl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhC=
drltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZ=
rOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVyS=
e8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b1o8-2B-2Fi-2FhYNfRfFni5wR7PRfH78LL2WYxDF=
P0e4zAHf-2Ba1H99dm2KVSHJ1JgPxSxLW93C0hzTP19hiDrRnNPVn5wFeXdGxw1pQGy8n3aIYeg=
Bvwt2xQFIe5lMfpLM3nc-2FDD3q-2F-2FR7wPoI3dWjl9pzvCD3C0-2F-2BKFaAYd2wRGaLZ0hh=
VOHT04Ag6CURg8shmKcNztBvgA1kTRS4sAi5QpLZz-2FIA5TTzoBNpxrw4SV9irmp-2B8al-2Br=
OLKch2U7UaHwYFCeK8-2FKU66KcJqAlzcfPPxDl" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Ares Management</a> and <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmuDGfKFdqkZuXPVqcEAPaqHQ-3D-3DlnEq_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8=
suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-=
2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wb=
p05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRas=
HMhpw2H8b0FzwVusnB8iqoAdekMJ4-2FZFXvqDhsMogrzsZ-2BMdc0yZ-2Bu-2ByehDlC0Tu-2B=
R8Aq8TqGKEIICLt2TnQhmKNeUE0xtE7QOsVXL5kjLYcfhkTnHhxmnB3DfpRtiGvnBRzDZDyCoHA=
WmHC-2FLdYgnMSCqNlf6cPyRgnwCuYDPfb0ZcOB2C04LAYbLhOxZfmNNP-2FVZmXDhqUcaXeKea=
N-2BOvwAyBAbS8KTCcxeBeMCbbECCq2KQLZ1dft-2F1cFbWuapGtAaIWR8vZ-2FUBNvihI76mo6=
slQx7Cd" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Makarora Ma=
nagement</a> acquired industrial property owner <b><a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmucHn2JuPK08W-2BZyir-2BkXlSQ-3D-3DSz=
dC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lL=
DA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg=
8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3=
DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubs=
kbBjC6hRasHMhpw2H8b0JXS6DfPZU5R7TZgggEIV2oHGrJDdcm-2F3lugLDzMcBusNcTAkcn2B9=
G-2Fork25v6PMK05ZUjMnLbZ7-2BNi3m1pUUrX2BAQ-2FjO2hj2L2NlCuCxnGG5x2N8n0BsFEIY=
CqliKCqpUZ9l3VFUfqPL6XN9W-2BiiI7aL7leYAUl7r73J8IQfFKjVrk5zZUCCIwKjdk5Aojydq=
51-2BudIPOUI8sJAXK-2BBOmaXWOxWD-2BFuuSW83s-2Fw3KBJT6KKW2hlOGgjThcFL5O-2F5g2=
xliujwNB3BLwdu3-2Fp" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Plymouth Industrial REIT</a></b> in a $2.1 billion deal.<br><br><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmuTpJ9VPLGPxiQOy0fKhBY=
jg-3D-3DMCfz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZf=
T0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6J=
jQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9=
b-2FdV4ubskbBjC6hRasHMhpw2H8b0pQ310kltHz4T8jCgNHdwPvqSUdyVrisVdB-2FmTyqx0uq=
tBVp5ytvdMep8dbhny0AgeHCuSK4XHJzUA5CYqO52EeKEtIrNOSoz0l2Wux-2BK2UNfff-2FpTI=
PDfensLl8agpY4Y1d9SBWXmmTP5Z30t-2FowJcdFEFK8UXMI8S5MXey9T2GtDYoyG3Ha8L-2BSj=
tMZ5bXm6rAgXvqYpBGSCmfstv1HlvzfxhjpQyFVNZWsRdO2Aeb28ZA-2FJ6lASf0I9sCMT4Xymd=
T5Gt8S0BnUJthCxi7XD" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Blackstone</a> bought $706 million worth of warrants in India's <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqBi9YN-2F6SfjjbFlNP1=
YZvXA-3D-3DUdkM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrl=
tZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOp=
x6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8d=
os9b-2FdV4ubskbBjC6hRasHMhpw2H8b2VyRf0PWVLsX9R202IIQs2jcHivzqpNZWSyJoXeAHLg=
-2BxtIiFfJUKdzmgjFzZ1Ez58dC-2ByVusRWNz8l-2BNukaLV5N8mElBXxxK-2BClkqfB9L-2B8=
ORJA5PO5A38Fx7WPESg-2FFUbcZ8aMZSE1nq7LQ9WKiqHSRrYJh5a1ICTF9gKgLepWtvh9PdFsg=
pOoX8gXnnnVzKzJ1E4VleTN5bT1U25BiUBBy4E2i61fsV-2BNDoYZcK6kM0TQWpLsIMzXABHugE=
o75lp2iCy9bxSig9Q2nu0EDg" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Federal Bank</a></b>, which can be converted into a 9.99% stake in th=
e lender.<br><br>
                               France's <a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzXTSAOr6j0EE4-2FvdWPp7maq4-2FlRLgiNqdqsHez3m42jzQ-3D-3DaGHO_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJE=
rCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU=
9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5=
TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw=
2H8b1aV3YL-2Bq6e-2BbrmZ0yK1bU2ZUo0Vo2gAYZW3EwFAH-2Bm4YmlnCFnWQVvkySSB-2FlS9=
NgmQoJ6FCVTwY9i241mPSI85nyWXkNqAHbcrlvDi6Ag4bj9pEXtMLHLDrq8988iRFWPY0vYXRvO=
S-2Fo5FuWaaDIBl1xibS8H-2FDziFExu2uIKMIqG1s-2FJiI2H4Vo2pNkUFPVIjCfMLk7cXhaai=
KArjLDptDGMwr-2Fx5a-2BhFza7g7nLzg0uE3odNpBMzhM13aekBea1Nui4DmH-2B0ms8Ly2438=
rQ" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Wendel</a> is co=
nsidering a =E2=82=AC258 million acquisition of <b><a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqNhGMtRKWrVWbo2gQyy9M4A-3D-3D8nin_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fq=
isl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWE=
AHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY=
99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6=
hRasHMhpw2H8b3fn8TAhbb10ZoNO58WeZOSkl9YDSSvq-2FnFO0QPCxx2H7NDCDR5rW6Cs86cOA=
abJIiNwt5k8WtpAgzpl4fKVO2Khx43wrNSxmYfa4cPqNiSVeyH0eMSY3DtpP5p4ya9RY-2FoWaN=
ObqM99dQg-2BJO7vmGoyUbyP-2Bjas4FTPNB0gvTkz5Ds7LiqYL1RpWWCetfPljn39mZGDIlty9=
YfU7fVIBNrjrhg0OJRfkmjCZkcR0NUgVEkJ-2FNXBt3Es3I8hBpJphOx-2FNgD7LqbsvbvnvK3U=
ozi" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Committed Advis=
ors</a></b>, a firm focused on secondary transactions.<br><br>
                               Infrastructure-focused PE firms could be int=
erested in assets of <b><a href=3D"https://url6380.news.pitchbook.com/uni/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4=
-2FvdWPp7maqcDzQj275bsxnT9KVy6mI-2Bg-3D-3Dmr-L_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5=
TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvL=
Z7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK=
6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2RbRQ6C435-2=
BjzEZBDBrGxEeFb8TkRD6yueYoJd-2FvlS6wqsW4SXPnVlPUsPOFMirF-2BQJ4itvUxhE0YpWyc=
bW-2FLAOp-2BxxsW-2BcgA-2FkWj-2B50aMd4Ph6E9SNadmasAvKj1gJwPMuupn4ky557dGJnyu=
y8Q22eH8H8rlV8fheD5ZuMVorczl-2Bai6xpdeEjuVvJ7jr26f9PVdD4vnKEC0yjVxISF2C3IFZ=
4EopDPV9H4fgtqvdWDJJM3X3S99MA7wJtjmt2IGAChwNzOjazrnhscEbBm-2F" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Kyon Energy</a></b> as <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maq-2F8aL8ZkWZWOuVO7GM=
AmgwQ-3D-3DTY_d_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrl=
tZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOp=
x6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8d=
os9b-2FdV4ubskbBjC6hRasHMhpw2H8b1X-2F9eBQ4qryJJUiUvCOC7h3vxnXTFMkd4ituv3MfB=
SIMWQ7qv0wdVXl5wFyt2K-2BW9ivEfe3Si4LSXqbbbbcDgy88cIdw7zsV94vcP6dUKcE95iJ87x=
BhzpAdJ74mc6ajjaOYJzbxbckdlbpudRANvJ95yQF0MJNhSsma5HMW53B5Dqlsm2YrWelyV8VPa=
CTrnFlYdNrTjMIGWEahFqF6TsZbbReDPRYaB1fjrteQ1okqLAEZ-2F-2FH35H3aO-2BbHBqTw8N=
YmmC7IygO7Sme3dIhQHK" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">TotalEnergies</a> explores a sale of its 50% stake in the German battery =
storage systems company, Bloomberg reported.<br><br><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqKMgmSt53XD2npjh-2FbIW2sA-3D-3DDRA3_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-=
2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8un=
pWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSK=
KPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbB=
jC6hRasHMhpw2H8b1IDVdEFjLygdGIddGnpzVnJBngWYjQgedwQx0y-2BHfezSuMCEkftge1Baq=
moiUlWJTtlXB5vXEOcS5LH9WkVFYD0v4WwWQkCKZuMZNLaVKlhluj5jeRVhsmBrBObuqDh0DZkk=
ba-2B7Y7WX518jiYF95tdUe5DIaXOZtbAR48rA7XjgMhBX7L-2BXpeAwojZ8GyzIL29qAXrECzN=
TCI0-2FuRHrSzV8FHwwyT5PKhfElhXdnWmkn8NcDfulutYPa2Phh4HBvmocaCpBuW0FkWF8gmpq=
Wy" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Shinhan Securiti=
es</a> invested in San Francisco-based digital market insights company <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqJ0D7c5-2F44UP=
NtngzG51-2BRQ-3D-3DdICY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubM=
KXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTO=
qFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4=
rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2lHymrwSIv5QksccpMZ-2FwIwoNx3JK9Iio=
OfAF3cRoR9-2FPxDWuMhRPGepAwRTDszazbySn56zPZl-2BKWeGaPB8kqtvEvJoRCpf1WT7E24h=
G1mE5LN11Jv8undJ5EzPgmxUVbkdrpDswGZP-2BiJJbi5f8IbU90vsMMQbjbzBT1X49SQpGo5hh=
uZJOQ5Fg1p1y4qmlK1hrD6K2oCMnXzOuotHfg6aeOp7vPD0c38KlWjlAKyUBRCpt27XJo2-2F0F=
FWk9Ykqgu-2BbUTJBV9bgEcvnpu6hE" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Sensor Tower</a></b>.<br><br><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzXTSAOr6j0EE4-2FvdWPp7maqSbPUdYpDrX5so2pcmEJO6g-3D-3Dl9z6_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJEr=
CB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9=
Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5T=
aTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2=
H8b0gzHuxRPSyUNQPBR6y3DdZyg6BKGFZrKPw2Kw9A0SpdasPVm8CoGAQoQoPUSS8fzUAJhYZvj=
k1aPPNixrzIV2txs4-2ByXNFL5OBrYv4NPvaAdfOPl-2BDNIVsXkI21oBfl-2FTFGMF1WI7-2FA=
X5Dld1SjDP430niFgUuAbqpH91p5AkjcDf538OMSgEqfEaKBAYFH74eJN2tITRxacJy1tPD2bf6=
ImHGJWFPj6-2Bsyuw2QAf3Tx5mmv-2BpXGTnms5lDGWlJWCgDEGuRh3taJU8SJQDDg0F" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Mutares</a> acquired <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqnSWSLHDtins3J=
97-2FkylkTg-3D-3DKOE7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKX=
KhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqF=
IyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rb=
VySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b285SJeT6NzA2O0gWrtKf-2FNsn1CSARyNZ-2F=
YD2XXyggvU91Qx3kj3i41GkXec-2BERScloD1B9k-2Ftjhc7mBwVEoSQviAz-2FF-2BX2N1OjVy=
7yaeP7OuO-2B9B91xEyRQlGOtAcBNu1xZ-2BCIebn2gVnJsVvu7W2R0yYfX7LqWPSf-2FFujTwO=
s6GG3ZSmk-2F8XcRvJNWvm4MjCQlEDCPxFoGgu0dHy-2BeFmyz9pp8EMZkP02rNQOVUSXPIZzGw=
H7Am8U8DcLvv4h1dEfercT1oq973pypupZEpE5" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">M3 Group</a></b>, a Swedish transportation, constructio=
n and machine rental service provider.<br><br><a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqy3OBngBeveS4x0BsrJ6u7w-3D-3D5K9B_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8s=
uiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2=
F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp=
05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasH=
Mhpw2H8b3Gl2HdYFZVk7cMS7wq0Gb5nbjOFxojkxz1hPGUF5reRFmaDRX0yONDWxiHD0jy7ih4n=
mZRKK5dMKloKdvDqXpP-2Bnf2jn8KLXobAB26cSjwo3EixbFJ1FnKeA2Yxk79P6CNgxuqEIRrIS=
BV03HksoBrWf1-2BSlkrhIt-2BwuuK-2BtIVjDfCcd-2BLztVQXJDeFUYmWWu2tkEHVGNNxesqk=
6mwvudvKP8ppXKz1XAzTzQ4KEradVoAWqaQ-2FMmifIkdI-2F-2FF5U-2Fk-2FNBoG-2FHM6zPj=
RdpN21U9" style=3D"color: #1D5080;" test=3D"" universal=3D"true">CVC DIF</a=
>, the infrastructure arm of <a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3=
tcCGdhSLrokjYxC1nHQNNEfDHjSz2G6wMoVLg-3D-3DzqLX_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP=
5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEv=
LZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcV=
K6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2iSuRSfiXDI=
TxhL4CBRMkjY4ovbG3gwSQJGSS0t6-2BJltoZYHBxcGKZFc4ZoTwdbFT4OMu8HTwMrocLBZgddb=
1cUdeKNM5yGsR7wSrxYe65oo0oLvGBBMTUZrGczbqMIQFcvFXyQwMTUDO-2F1fC92LiQVE7lKcX=
xAxRns-2BTgDRoJggT3B5KJnyRmxPQeU4PrpWZrPYk6Pad9BdGl7sdm0SvgpqWOxBoKMcIsLkaG=
XHl1svd8wag10B4VEJHXXQmGj5Hma4gvCVZka9gSghbX-2B3KX" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">CVC Capital Partners</a>, and <a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCzwEnLwtDtJIe-2Bws85wr-2ByA-=
3D-3DrjUy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0X=
OnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5=
uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2=
FdV4ubskbBjC6hRasHMhpw2H8b0nFiBZIzkSHZo7JwsZ8XINToJ4L5mr0FNDU9qLeOTgcPK01lU=
FnPL9CO2yioBxwfi-2FvgGESURzrpAHXOZAhdEXhsxY-2BPWa4wSoLGyl2wNSHSaiYZyFkI6k8y=
DqntpcB-2BG2dHqX36MEm-2FDKGc4pNlr1oSXs6KSBR73ZpYY4axliB21NTc2qH37JtFb85iLZY=
u-2BUUh6jVJxVCcEEG-2FOQQmdly2H5i3I6TKFTgtK6FGC7I6F3i5FZ-2Bqd6Fua-2BxyKiHlAs=
JdTWjgWBgmULWkjQTxob" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Jersey Telecom</a> acquired Isle of Man telecoms operator <b><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCXlwv-2FF0UzIog3ZFJXZPcbw-3=
D-3D5HaF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz=
sFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XO=
nAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5u=
BKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2F=
dV4ubskbBjC6hRasHMhpw2H8b25LGdID5RETEyVZvI9bmSK6J2qAY3EwtwIMG3Gbm00jOIASLY7=
1lAN-2Bj7iM79cl7UTX4T5TAIW-2FgA3-2BTAnWf1qW55FC5AQKKshGAI07XHOJF3FPjHYYrlRW=
SSzM-2F57KcvJFpDTvPD19CQy2nL7C0Ex72Fq9d6kkYPR57GHH20-2Bif6tCd9nILrpao2MJI5h=
ItKlx3vRH0XLL9SS606UuHGxMp0Z-2BqOReU8jcFas205cDVnakDUVJzRuFtds-2BxIrJktI2nX=
EZ4trVOUO3Bul-2F0FI" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Manx Telecom</a></b> from <a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tc=
CGdhSLrokjYxCGlNPpCmUkP8Pj1u6LQ6TiQ-3D-3DfV70_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5T=
U97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ=
7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6=
Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2q0fKrub9kWYV=
85VG2jTBid92i1-2BlT17FCUlWrRJwLxOCfTv-2BNt2zJ4XJBf8SVbq9OhZYFDQ2iZSWXZAsTCh=
9HvaBrv98W8vWbhZXhqbEGllSPZujcj5oqECaW3z9m-2Bf5vu6uktbFCJ8CO6e9nF6XXI-2FyyF=
Xp5VotXaD89RJHohAXR8BOCfHlmdpdqZMxEgBauWjKzwZqFADSl7donuoUqOX7kGlMwaNCXH9xp=
3VZCDrkXRscnTLtK6SRmicG6AOxhE5j6RbZuWVLqjOibzS8w" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Basalt Infrastructure Partners</a>.<br><br><a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCf-2FfdM2JI1tqIB3=
vl0wuX0A-3D-3DKWlp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhC=
drltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZ=
rOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVyS=
e8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b0E-2FSNORPAwWI0XYav6-2FICUVkwO7OsWI5xR81=
WKRyp-2FZwWaug7Q8ItneYVgfjlrbhFTjcCdaPwnUUZ1zUUQDJ51z9cK6Hb0EmTTaIOkIop5GfV=
fUSSCLqI-2B7V7AXWBFe39R-2Bn3EjHexruuxw94-2BixWn-2BrSQdSen-2FQQbsgmiBt91FE9n=
mRcpOMOzF8Uu-2BqBYQtUIV4FnyAFYG3EC4Lz57MEEVAQ62TZ6qwtZlW6cKjlvg1HTvzUsJiFSI=
MGwespgx7ALfLtqgyHbMK3yu0wO1SIu" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Mainsail Partners</a> invested $35 million in <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxC65gC7qSISCLf9bz-2BnNZyzA-3D=
-3DXo2J_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
Fl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOn=
AYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uB=
KuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2Fd=
V4ubskbBjC6hRasHMhpw2H8b29x5-2BYjkC3VAZUkXpwAsiwMlToUkpelRN6ZCdFjcjvlCwit3g=
bTzqCKw5nXFchRe4Kw0nyDQVJApCWM52xLpftpMoXSzdJ-2F5MCgafqcX26QtJrvmBZ-2B3463U=
ohu1zWh-2F-2B7YdP3Sk2DhWtau305az472vgy8rqKMV75P-2BE3lpbOeQYQs4XmcrHSjrPP1rw=
WJFAHJQjreCEL7GjRhcIlg9dY46UdQXLhxaJUDrY5dGlTsMMihAZDMfnGIhmGYbqqbQvzXn8HyV=
QbqP0WXvQmHXqF" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Fiel=
dFlo</a></b>, the developer of a project management platform for subcontrac=
tors.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjY=
xCifj9S45TS6IMIDNnN5-2Ft6g-3D-3D914y_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC=
fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6y=
TqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1m=
dF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq=
28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b28VggCqyxdzreBvUh4GEF8=
pNrNIrmyGsc8YEqlKn3DPNSki1enlL7eJICoL59ERgXcHsluowow57IzILxxqaUpd7mMWMSvmW1=
LYbBaHlGd3NPdzogXgZYe4bPvf-2Fqgs5kdO2Oyn3N9svjAr4mjbpEVcVwVruG7fbBZxms8RzxV=
osj23GJZAkiGhPxri8pRGt8p0vJJk5pdqEyohzUoeV7DRywW5sWCAR5HCKmtr2ipZIdH-2FjV1O=
pjnxZZfxTnqh3xbBUHrskxt9glcyEtOrPwM" style=3D"color: #1D5080;" test=3D"" un=
iversal=3D"true">Overfuel</a></b>, which operates a digital retail platform=
 for car dealerships, received an investment from <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCXdzr6efs363s90kDxtCy6g-3D-3DXB5G_I3w5d9=
c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl=
8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx=
-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99w=
bp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRa=
sHMhpw2H8b2uw9MQ20wZXzd7T7M8dXYbvOECvsc-2BTRpR1i-2FCVJ18qEEI2NobxuSvBOVdzJA=
LAIBE3VPaokUGV0uN6s03r2VLpq26CHKaTscV0WzuyMEkZXF3NpMo8agsFOphVOm0Tp1pceT7Lc=
3CJPGEawHmEORsbDkqA-2Fjrg1TM1gyRnnjpNu3e-2FbqFQku72xbGHS5u6jI0GyigwoJiaiaOg=
DcZkYbwx0XK5C1d4J5sg8cZ0upBTTW-2BqPQRsxn4GdYVevXsETdNBMQK54sbyZw7HGwEo1DI" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Recurring Capital Pa=
rtners</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCDZ-2B5d3yluUh6pbN=
Xe09PiA-3D-3DFOwh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCd=
rltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZr=
Opx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe=
8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b1A6lbz-2BCBJzkr0QIZk4erBZXW6Gx-2F-2B6NLC-=
2F8xojqRRPB815tfY6V1Fco1yyXEHtvuAH3enMOqDBU5beNiWMGZh9g5mVqpxUS3qi4tNbdKnVa=
daI-2FZ-2FfylBD64l3kVu67aWGoFhQ0A0uDzwe24AiXOIdK0FZJvTrXe3MK6hiGbqrbiQfZ-2F=
tcWC-2FROEbeLxxHz7jZiHqeRrou-2Byk00xlGhQhqMa-2FHdhLwVsLKLTgs2djLtvoFWYHlM0j=
PK-2FM2neUzgPMec7E69gFKppL-2FnzlRLjD" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Rael</a></b>, a startup making organic women's care produ=
cts, hired investment bank <a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tc=
CGdhSLrokjYxCTPDuWJAM8ttv4dJ7NCZZyQ-3D-3D-ifF_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5T=
U97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ=
7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6=
Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b13XSlkkLawCAC=
vy1itB4GiRCmn7stvwggSNE1HRQ3Ll-2FiQIpW3uw4UDORiYHSgn9DuAIyTcDJeILG79GIxm-2F=
4s2-2FOk21p5EH4bP-2FOE8rJamggvlArzayUeq6WbEEqHkxYvdNt0wh18IFGQTjeX-2FAB2I2z=
TnAAtJqaGOLBC9lIgDHT3qX-2BRphLcyDvH1wts4oPjWVwOCnMcFPVksYXfKDjC89koLDbHwsGq=
ZcSardJTsdK2Uo4vBWEVu-2B6ArqCXFJvoj40hliIsDKxlZ8J-2Fkmjl" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Jefferies</a> to advise on a potentia=
l sale, Axios reported.<br><br>
                               San Francisco-based fintech startup <b><a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLiKAs31Tbj3kWl0ygWC=
eVGsA-3D-3DCpIi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrl=
tZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOp=
x6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8d=
os9b-2FdV4ubskbBjC6hRasHMhpw2H8b0sV5oYM1DoVaLMEAvxoKowvJHmf-2FpsWlhUao3OUY-=
2FD48hnv8elIE-2BGBugNA4y3BHa3HZkIbmWqjDecMTG-2BoQfl1z8xvKbtVvkbC79KpoBA58G5=
4kD1WMl5JD4xNxaRq0rCgwCQe3yp1N6zHbVpfFFiUY16Fmyr1F8yyk-2BNcQ3Bt0q9j-2B2LoUA=
ho-2BU22iWi1GifGnx9wYOi4zvlC3djDraOKC-2FsgmQbKXbQ5BNrwP4OU5ihsmjGNutjLqCZ81=
ckakXxq5NEiqK9iOaNWUReeO-2FN" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Stable Finance</a></b>, which is backed by <a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLi-2BGubagl006AI4kjrgcl5-2Fw-3D-3Dtb=
cF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lL=
DA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg=
8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3=
DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubs=
kbBjC6hRasHMhpw2H8b0kqoyOikZ6OK1nFCoLKq2FZbXb7jUPRGZOf2BB8jKp8P7Cn9qOOtpH6s=
6KtE9w7g4NCdBe3HM-2BZ9hcI0kvTUqVTBOoPM-2FgOVNV2MvmDV3kvJj8Qjazf-2FWJnCEKk-2=
BkC2GpZ2osMiWF0M6rnYfqUf1ykiiig-2BhJT-2FSVRAVt-2FI63v9pvGEgBd8fyiXhAh4-2FJd=
MOh7Y-2F1vkttf-2F6cwBX3H14mfLuwYvjqbVZA-2FVXT-2Fj4t2-2F3ZPmOTdvcYFGos76y9Q4=
WN0jEHHQvTD4PYNFg-2BZ0R83" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Mac Venture Capital</a>, has been acquired by <a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLiFIVoXz5WgF10cLA-2FinBNiQ-3D-3Dappv=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA=
-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8u=
npWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DS=
KKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskb=
BjC6hRasHMhpw2H8b3VlzK-2FgounhnuXG4HttxhZMAORdE4UH7jWPcwiUucy8L3wyQNDbByec4=
fXMemHLljYGpCBsuLsudXzXbR0gf-2BDi2Dzwpem0sDFcaaD6VQw0XIdIqWvNA2neABfeo25tPp=
-2FbBGyjwdic9UZngDeaSFeuqOrIhbFiJlgAX-2BKdjSg7dkB6o6DD0CXQGyIfDMPAclwiR3j-2=
BV4IhUW04SH2WgJC-2Bhdx1iCpLjfriWEgF4HEtsd9cbW-2BSvUsxMEVOqwSZ2dNTH9Iqrx9-2B=
jtw4rTKwNBF" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Aave La=
bs</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Toront=
o-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDL=
i7RVilNtxOjeaRwb-2F5XQ7zg-3D-3D3glz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yT=
qpNnVAgobubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1md=
F78Yg2MApQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq2=
8-2FnvYmbxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b3XIpzEsJ2p139ot4exvKhNk=
k-2BzW7Ed33cbCBurUvMfjUWfxOg2DIRobzaDJhHiZMjtBltRpDsCX3jqjjUCHfQGMd0Xk9v52j=
fn8kMH-2BQ6HBKgdHOPm2KEr-2BZhBvaOmgvbGSCvuWLOd1ZQCaYEfWtm7aQdK-2F-2F9dWc9eK=
mjg7S9gA32VR4ijn-2BzHxuH2GbUwj1Dzs7Vhdrkqt-2FHWPs9O4QDxHWpkEAH9rZ3VIR20DL86=
G6VKOSp9bpEfKUh7izV7cyw2ymjNJ4JlujRpxog-2Fc3Wo" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Dawson Partners</a></b> raised $7.7 billion at =
the close of its latest portfolio finance fund and related vehicles.<br><br=
>
                               Spanish infrastructure investment firm <b><a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLiOhylo2h9JMtK-2=
BN5x6HXmcQ-3D-3D3t1O_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXK=
hCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFI=
yZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbV=
ySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2-2BqLctwq6UXj6wg0b5ODffFYpjNA1Dkavq31=
U2rma7WbTQCGnEe7xjEwdyWGzNEdj7kPcJ-2BlmzqSpcAstF-2FT1EZShtmmJ171J3pv-2FW-2B=
PO7GQH20sdhlbedhX8uDdq-2BzJgG2V32ERtNg0yZ7sDUqEB2eGftk8GUSuR-2BtXeKsKp1-2BL=
9ksUBdHDop-2FEFnJSYb0n-2FcUiw4xGrfkYkDii9FKJxZ8m2F1u2W7Q1dil4-2FfdV5U9kxeRd=
VLQDC3onIB-2BDMi6i8WKn41Dj8jh-2Fh3g3fB8KI" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Qualitas Energy</a></b> is targeting =E2=82=AC3.25=
 billion for its latest fundraise.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLixgaHniWZej7O12k=
ljyV9pA-3D-3DEBKh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCd=
rltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZr=
Opx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe=
8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b1mHWTXGDOG7sM09irINLPGKUybaX2B-2FI70wKmc1=
uLFrY2Oa7idr6AaVE5CUG7-2BCvTb-2Bx4wrjBpe0sUAnUK7FEweCxl27UPz7h7OP7-2BTkKNEZ=
Jp-2BVH9BDbeLt7aF1-2FdX6NJr9aIKd4XwsBU3-2BLeKnXkjTr6fuSLOGWXHoqLgdmExMk5veP=
-2F4yoC8Kw6G7Y5Om4QuuSU1bICzphiAGXYxiAq5GaZ90Ivq9-2FOsUrG8Krxq8jjOEnN2tJRt2=
DKBOpEbGzV2PYiA-2B9imxpk-2BTND2D33" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">OMERS</a></b> is dismissing its Singapore-based Asia buyout=
 team, Bloomberg reported.<br><br>
                               Closed life insurance consolidator <b><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLiyXnxFafKoUhu-2FNZz=
pNCsxg-3D-3DA6Af_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgobubMKXKhCdr=
ltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MApQTOqFIyZrO=
px6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYmbxk4rbVySe8=
dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2LnpNwvV29McvGP70QgI8RNghN-2FZw5XdZvJMAWJm=
8qiNKj-2B5-2Ft5f5DTLXYoC4w6RC1JY1ypF8FN-2FPO6KbfeCpFg9cEenIrXN970nb8R2EGIrz=
44s6CgDG-2BKY7FH-2BwaYUH5fi9RYZaVPj4nq3xQQ2tBKIYw-2BzYz552AeSIbrlyhZouepEj-=
2F09V8a-2BXzYNndc8iXgxrrnLo0VJIAYqQG5b2VcxjcZwMnrxn-2Fxbu8tkzwQ1FvDaGkTrltF=
xJ50vrzxxCvWsEACoT0KeUq2tpiWdDt" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Phoenix Group</a></b> is in talks to partner with an alternati=
ve asset manager for its UK pensions buyout business.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-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-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLi6Xg5D1-=
2FFbeiZsh6MX2i1OQ-3D-3DAMTC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFl9lLDA-2Fqisl8suiJErCB9bUZu5UQKotP5TU97Uj1o6yTqpNnVAgo=
bubMKXKhCdrltZfT0XOnAYCGg8unpWEAHx-2F9pU9Y-2FtZBpUFODEvLZ7Y4hTzo1mdF78Yg2MA=
pQTOqFIyZrOpx6JjQ5uBKuJW3DSKKPY99wbp05z5TaTZf5-2FluROcVK6Y-2BaHMHq28-2FnvYm=
bxk4rbVySe8dos9b-2FdV4ubskbBjC6hRasHMhpw2H8b2-2BdNHQddWmF8OYVEftWfZId2AYG1z=
7oPxHfsljXJzgUQ4i3gw5iyebANWvDjfZHAd5DShH5kGnNeyvlZztRYDobv1vvhtWoKbzFDq1rz=
z-2BIPJJqxCJHhmfhL5NOJXy997hSpd-2FIPQhgRk4SBPJT-2FDzPi03ds9pOzLdzfjoP3zWXEf=
54d6ms79cM8wvxmo2rhXzon3OWWug3GLgTxJskumsLtKh-2F9bWBdUL65QKIMA7uXbOvv-2BRff=
goVeRj-2FDsuoO-2BrSNjzKhNestLCPqIDGdkp" universal=3D"true"> <img align=3D"c=
enter" alt=3D"" src=3D"https://img.pitchbook.com/news/71085.png" style=3D"b=
order: none; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></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>
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                              </tbody>
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                           </tbody>
                          </table></td>
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                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
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                         <td style=3D"padding: 0;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
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        </tr>=20
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