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font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> The do= uble squeeze on seed; Q3 valuations data for public AI companies; European = VCs' record low </span></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), 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font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>VC, = PE and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px; padding-bottom: 38px"><span>= Your edge on global private capital markets</span></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzWm2Q3V9Qq3P5WmYl6trmQYLhOF5D-2FdE6W6PRphn8wOxQ-3D-3DM= aJG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O= 67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYV= dPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFn= izfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIZshB4= y6jL6CqiMdxnw6aaDb0937k9mxuOySrQtWA5L7Ab8II8pZq9js1i-2BLYnhg36ClD38EL3Jy6Lf= HclUvmskxP7NgTq2gvWiiicY2944NsZvTA1CWIzCfrJsucUJm9Of96Id1rxTYkuYsAyg1WBfw-2= Fdviuey2MZIN6HTG0-2FwL2-2F1GL09qUIgfXUhr31bgU1Rjk-2FDmALCHIs2rk6ugZaA592st0= GiuiFA9zbYAX-2FfZ4akgFetQq-2BJ-2FrsiOdO5yh9IOtC8SN93uoWlvEV1OLRU-3D"><img w= idth=3D"460" 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font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Goo= d morning.</b> In today's Daily Pitch, we break down OpenAI's big restructu= ring, European VC's current struggles and <a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzWm2Q3V9Qq3P5WmYl6trmQYtPjVM-2B-2BLPD2bpJVvSuf-2FSg-3D-3DPzHY_I3w5d9c0= 1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNv= bLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxe= a4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runv= w-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEISy2tGUkIi1FAGtj7R= 8vrCnaZnDuWVw8vzkfpO-2BX2z4QoFiYCDN8T8dqY3V1lZEwLlD2U0rY51kJFYRnbenI0aXqsZm= PE6hMguVzt1v5GE-2BMjd6lArlqAiapxBBajRsgYs4uIcA6sJlTVKBf7osTuUPuHzRICPTPSO7r= tIPA3wq4uIi5qW-2BgeUYqgqlrpP-2BvpFgZV9kIJnsLYyDuasWbRx7RENQ9V9Vnvq4iyGPAgvr= vtCS0eZGnyd2iZkYkSIILq90PAjhFzuZsoPUm-2Fpnme-2FU-3D" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true"><b>the pressures reshaping seed investing<= /b></a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Was= this newsletter forwarded to you? <b><a href=3D"https://url6380.news.pitch= book.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWm= 2Q3V9Qq3P5WmYl6trmQYSd9eKEhNZo0UgjTEIoY93w-3D-3DrcM__I3w5d9c01gkD8gLzFEofZR= -2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-= 2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv= 0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZ= vdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIdMwEoCI2KyfkC5KGeCtiVZZpGeYmP2D= DSWvxaGYJ-2BALOKhs7MTW-2F-2BzATtw5C0BwyDWc2AgvGf7gm1UvLhc5FpaagAktXM0oxW1X5= vtgLZ2xeEMv-2FnsdCompfqz8aI2WtDqBGSRjRyPX56cZYfHN4A4RJtVO-2FUD-2FhGsfHX97RY= HdKVILX8Fk6VYLmpSuJJ9KjCI9iDDeHH-2BK6cn42zvw-2BmHEvkCxg45TEcdr-2Fa-2FIczAXw= stUjqjN62CLx4DfNy-2Blmhxvtsm6KebI8nBxgZWhH7U-3D" style=3D"color: #1D5080;" = test=3D"">Sign up here.</a></b></i></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574111" id=3D"n_574111" 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 double squeeze on venture = seed investors </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 = Kyle Stanford, Director of US Venture Research</i><br><br> Ballooning seed rounds and companies staying= private longer are squeezing seed venture investors' returns, according to= our <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWm2Q3V9Qq3P5WmYl6trmQYtPjVM-2B-= 2BLPD2bpJVvSuf-2FSg-3D-3Dyrb9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAi= n8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGd= IJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwV= EiLNysl-2FiaA6c3YlNEIVwpBJJhVIfrwtRTDquSaA56xMj-2Fa-2FPdj4-2FrBhQuBYhU5Kj-2= B2qZ4Yv8Apg4o0HxoIgn9JKuHE3EMJDpZXem2-2BwHhw02NAklWu-2B-2FNLPIlrgIHcL8BPgxG= 9XZ5foXaoL7mhxjn58qMhs6Ec33NE-2FFtbM95c26ujgq40gSNIc08Yp3i4VYB-2Fz6BlWJUee4= ikmRq5Mjkg2-2Bhn56l2qabfPlqYPsvU64g5ZPiONPKefalcuaD8Z8FNwINyGJ-2FYR5HA-2Bah= HmoRjiI3cgYvyeRSxq7WsVM-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true"><b>latest analyst note</b></a>.<br><br> While secondaries have served as a pressure = release valve in the last couple of years, they come with an economic trade= off: Taking money off the table earlier limits the potential returns that L= Ps expect from VC.<br><br> On one end, bigger deals at this stage have = reduced the size of seed investors' stakes. This is making it harder to bot= h invest across a diversified portfolio and maintain significant ownership = in top companies. To be sure, it's not for lack of investment opportunities= : 2025 first-time financings are pacing ahead of 2023 and 2024 by 16% and 1= 0%, respectively.<br><br> Meanwhile, venture-backed companies continue= to remain private even longer. The median time between a startup's first V= C financing to its eventual IPO has grown to 11.5 years in 2025, up from 7.= 4 years a decade ago. While the dearth of public listings during the recent= market downturn is partly to blame, there's also a growing backlog of comp= anies worth more than $1 billion=E2=80=94more than 800 of them in the US.</= td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table 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-2BaqM7ONnvsnswouzWm2Q3V9Qq3P5WmYl6trmQYz4JXEj3np= 5ENTN2gX9NBug-3D-3D_Nnt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzI= rDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu9= 3MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNys= l-2FiaA6c3YlNEIbxlbYvE2qDma75E6DRm2IuC9TBj0ggtHBkE-2BAzEVUFnEMwfsWCxwsYFScI= 0NaUDHslBJ8hFoX2rXLqLWFm96EsfElfwOYpsi-2FdaRuOV7FMEddspNpII84oGXWtyWehJyZZs= shSEKchD9vn9qpUqXwBpEonSOGhh1NFI4KiF7NfsVAJcPVzQmdyuZM278VSPoo3GHYSqJCapSrS= hoUWlRIPgtdLDvKBUHhRvyV5iSuztCChASgmCj9ChqHPWYGNn-2FvOnBHmviOMXjXGPFAYZSBM-= 3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https://img.p= itchbook.com/news/71130.png" style=3D"border: none; max-width: 420px;"> </= a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <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">To add= salt into the wound, VCs' stakes in companies that achieve exit valuations= of at least $500 million have shrunk substantially over the past decade. O= n average, companies exiting in 2025 had sold only about 55% of their share= s to outside investors, down from 68% in 2015.<br><br> As the broader VC market evolves, seed stage= investments=E2=80=94and their checkwriters=E2=80=94are unlikely to remain = as they are today.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzWm2Q3V9Qq3P5WmYl6trmQYz4JXEj3np5ENTN2gX9NBug-3D-3DE= 9uM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O= 67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYV= dPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFn= izfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIR7CKe= MROZyiAY22ff8aJYnKT6EgLLGvPkKdaye9d7axNM5dsEh95Nmh6Z2WcfBncKVUAQhsYwAqk0o57= V5FdXuS2ON5vjk4gJwjmroh2CZ28r0ku63JzDiI-2BI2alR1uEn1R5s1MWvEPv-2FbwM4D3UzvP= U64tHVIttzdI9wo0xhvO1AlbtaWrueCdlOhfbRERZD7HWCDASfUW1Haw3EV-2FKvjU8YNq8-2F6= qY2DjyR7Z2CGWqE6uWeRrEaXQuMON9Weq6HYz5DKyhDYQBObQalu9r4Q-3D" style=3D"font-= family: Roboto, Arial, sans-serif; font-size: 18px; text-decoration: none; = color: black; padding-left: 3px" target=3D"_blank" universal=3D"true">Read = the analyst note<img height=3D"24" src=3D"https://fonts.pitchbook.com/newsl= etter/arrow-right.png" style=3D"vertical-align: middle; margin-left: 8px;" = width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWm2Q3V9Qq3P5WmYl6= trmQY-2BNFO4eLxLgCg2EQNKI9l9w-3D-3DJi4G_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB= RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HL= vv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gt= u3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhW= SqNQyH9cwVEiLNysl-2FiaA6c3YlNEIejY4-2FBM50d3awOPlR7IzFYeZgFGCTlj0XMPl3lKl9n= TseX0AlVeOZSBEEguy26P2jQow4Xt3FO7xZUY5eUcORykqK9Oyw0or9gJE2SnS32yz84efrzqzn= y3WnMv60YmGtXEG2OmhT5dHE7-2FiTfhIGG9Tj1VzJsaB74xO2JHk8V0Brz3WU7JXATVkSB3obA= b3ZhPigVVqzINUnVcdNPstMA-2BPFTYZ9Zy-2B6AR-2BgmWlNTSgF-2BLlZ960R5eCczJpHbdBb= 0fXnXir3BSfdNigx7NJl8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">The incredible disappearing sub-$5M round</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from Oracle NetSuite</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_573853" id=3D"n_573853" 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;"> CFO's Playbook to Strategic Le= adership </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWm2Q3V9Qq3P5WmYl6trmQY-2BjpiSLUTbHc7O= fPlFQKvHg-3D-3D9Pya_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCU= M5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqN= hsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2F= iaA6c3YlNEIYMscJbIGV-2FdzUuzz85HY1FNTJ3ce03X5Y70dqvXpJPQMs99gMfHNgVfvms-2F1= 7I-2FzIje-2Bqf9iWoGpPWa3lAI8oip32FZdUyRDzorAwfPtoHa2moZybeMUiIeGHAqhQ54GE9s= NC8S7jejAVlnnN2XGsNL545vRPej8Xu0hrxghnXlVsJpI6-2B4JOwLeXmxNox5m84M4sxcDCd40= Og9S314IiIDD-2FtOA2nXV8T-2BgRm2PI5N48b3-2BTZ7x23TKgcwvqexzEjjuufYCc-2FMIemY= r9Gw1Wo-3D"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.co= m/news/70978.png" style=3D"border: none; max-width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>Lead finance beyond the numbers and b= ecome a catalyst for business transformation. Download "The CFO=E2=80=99s P= laybook to Strategic Leadership" for practical frameworks and actionable in= sights trusted by top industry leaders. This guide reveals ten essential le= vers for sustainable value creation; explores how data and AI can drive gro= wth; and provides tools to move confidently from analysis to execution.<br>= <br> Whether you=E2=80=99re a finance leader or p= art of the executive team, this playbook will help you shape strategy, make= impactful decisions, and deliver long-term results. Take your leadership t= o the next level=E2=80=94<a href=3D"https://url6380.news.pitchbook.com/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWm2Q3V9Qq3P5WmY= l6trmQY-2BjpiSLUTbHc7OfPlFQKvHg-3D-3D4cbQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3= HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7= Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0N= hWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIYHPN1GdCig-2FuEVNRmC7HrrMz75RqfIw64I-2BpfP= zkhr1bQHPAnpMHf7WrErewLM3Pry8OLktmh2tgaDvRtv4hsjZf5tArPWDXcRE-2Bbuhm5cYZcfC= tuaFvfoq6xdtYwePNQ7-2BSnKZb8X2fxS30L2yl9Ctii7cs5Lt6xxI5S5KmPnhoDWVzROGueY3F= mJvYmIRGKhy4FNUkczVncwuGSFhrn63ocyeX1eOqcC4esMCiHow4u5ksO-2FAB2NtfaO-2BnF7f= 3RwIg63uzSVE6Ku0gKKU-2BhM-3D" style=3D"color: #1D5080;" test=3D"">download = the guide today!</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>Medline, a medical supply maker</b> backed by Blackstone, The Carlyl= e Group and Hellman & Friedman, has filed to go public as the IPO marke= t heats up. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWm2Q3V9Qq3P5WmYl6trmQY3= wpGcvtppWsyB-2FPD8LYS0Q-3D-3DjopF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1= gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2B= WDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH= 9cwVEiLNysl-2FiaA6c3YlNEIf0TZxgN-2BPfUbb3ht4RDzQLgcaLipM5oEGZfB8S-2BZKlBqv9= CrCHig3UTtMdMtIf-2FMHC6lmo0QCQrj6c7KSrmtmXsUBl4pATjb9UxCrLCAEcGRjDv0wGRJXiU= HhtRNLcHHA3uq8UM50e0w3LcT1S9m1XFwiCqe5AqJJeFy8zLRmv-2B3l-2Fm0YlLi6DSVOua-2B= AuLXDmAP-2Bc21W8GkhbijOaDwBf2NMTu0Jqik2FTR7Rqul0CFxyJz-2FceJG8FfoWhdELCbZG9= i3qDtRPxhajtbhTkHYU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue"><b>Find out more</b></a><br><br> =E2=80=A2 <b>AI and stablecoins kept VC fund= ing on track</b> in the enterprise fintech industry during Q3, according to= our latest Emerging Tech Research. <a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= VFiR4mk27vK3XXLtDQZModncm2heqdKaCSPECP2NlULA-3D-3DcDYG_I3w5d9c01gkD8gLzFEof= ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz2= 8-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAW= Yv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSM= GZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIWNp1oKQ8hYbxiDQwdkH5ZnuAgK082= ugSWLDz8fqxnm1W9zrOsD6KuI7YmEoyHHz8xc6f4kF9fIe05-2BG4l6vfeepyPNAvPuJUbJmtUj= p0kN2iogZO4Cx2qeFH-2B5k14tjbsTis6kPviDuF-2FrWK6TUmzPUZMgNHZ0p-2BssT4zSfYacy= ct1-2FPxs-2FhH-2Fq0UNdCxHBZNNUTFzAAV9ZDuCfMJFqd-2FN6ewDxIkJi5iLjhxWyKlsoaQ9= 8JV9VLN2Ry4r2ZNhSuvX-2FHZTOKe6GhWFY5PWnZGA-3D" style=3D"color: #1D5080;" te= st=3D"" universal=3D"true"><b>Access the expert analysis</b></a><br><br> =E2=80=A2 <b>Just out: Our Q3 valuations dat= a for public companies</b> in the AI sector. <a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzVFiR4mk27vK3XXLtDQZModvFlqMCvNqD6hw2WDWRlmsw-3D-3DEgHk_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJ= NFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4L= W6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2= FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIc7x-2B9-2BgtK9AJAPAy= mfEXHT0R2QbmhbPh3yBGluR8iADpyukZgAbTTW2STwzKFTrQsr9IYLjHuhJihQT-2BM1C-2BiBm= oThHrf2QW9NjtueHh5IVjnsUhsp5Jl-2BVNsxoGQeRrphj8xCkWtAdPCfiq2-2Budhfa7jIYAtQ= avEr5Lwv5OVceiPzy0aQffE5wSvZd5EM0iswO0Di1iN2FJ7agCfqEZ4nxsh2lhhrOLfCJKRdgnu= EZLgI6WynTfejJDgUo7IAD6KOZg96zATHUofz-2F8v1rOBM-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true"><b>Get our analysts' report today</b></a><b= r><br> =E2=80=A2 <b>Europe is headed for its worst = year in a decade for VC fundraising</b>, pushing its capital invested-to-ra= ised ratio to new highs. A sluggish exit market and waning returns are affe= cting LP allocations. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVFiR4mk27vK3XX= LtDQZModk98Ap4xssepORLC55xB3-2BA-3D-3DWhsj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb= 3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F= 7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0= NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIQCi2acCJBKtLPZ-2FAkich9IsVg9AFiDJIm4eMY2e= YeUcFtJm4xGYbPTqG7gyUkGslGtJVnnZqBkrxJQphO5qsD-2BY9XMSe7tBEiy87W6dxpDRKnfjo= Ro08B25qVVUQgf2MPMW56IdfBXO37rvCAmAkq5BvmeqbfaXAumrtXocgs5283KjMM6gVUoL5XaT= RnmBjfb6hip7ds0-2FHdiUgtA2zc46-2FHduGlzFZ21OeaQuU-2FICNOb-2Fyjq2-2FeQTF2lLu= isobm3tx6a56ATdGI0NR3SEz8I-3D" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true"><b>Read more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574114" id=3D"n_574114" 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;"> What OpenAI's restructuring me= ans for its relationship with Microsoft </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVFiR4mk27vK3XXLtDQZModDgESD1w9s= WcB-2BhEFNpcTqg-3D-3DIUkQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8Du= zIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTR= u93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLN= ysl-2FiaA6c3YlNEIXH7ye9bNRt-2FK2ZeXFQ7Pr2Ilr8UprVdsk0zZtFuqgA1opvDK8BYUdxZb= oipb-2B-2BTzN9XcFshjIcihd1iZPRffw1sVaK-2Flatysj6Us4yRpfnO-2FSjvcOvdLSeul6U5= vyyYzJ4ZzYJ1ATZjStWN73xyRTDbU0WR70RgRATG81i0HzmozqINNEmGef9yN4VDeax4GnJmYml= SgKSARp-2Fmpb0ReaZzvDBIR2mKfGOKWVBx-2Fe0UNtcaaULtUd1fuuizuVX-2FoNde6fZxWI-2= B0SJ0PEBUfbfc-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D= "https://img.pitchbook.com/news/71134.jpg" style=3D"border: none; max-width= : 420px;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Chip Somodevill= a/Getty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Jacob Robbins, Technology Reporter</i><br><br> OpenAI's for-profit restructuring is complet= e, making broad changes to its relationship with Microsoft and shifting how= the company will operate going forward.<br><br> While Microsoft still looms large over OpenA= I, the new structure grants new freedoms to the ChatGPT maker, and clarifie= s who gets access to the technology when=E2=80=94and if=E2=80=94it develops= artificial general intelligence (AGI).<br><br><b>Cap table change</b><br><= br> Microsoft remains OpenAI's largest stakehold= er, retaining a 27% stake in the newly formed OpenAI Group, which is valued= at approximately $135 billion. OpenAI's nonprofit arm is the new parent en= tity's second-largest shareholder, with a 26% stake that's valued at $130 b= illion.<br><br> Microsoft previously held a 32.5% stake.<br>= <br><b>Post-AGI IP rights </b><br><br> Under the previous structure, Microsoft woul= d have lost rights to OpenAI's technology when it reached AGI. Now, an inde= pendent expert panel will have to verify and confirm whether the company's = technology has indeed reached that milestone. Microsoft now also retains ri= ghts to OpenAI's models and products through 2032, which includes "models p= ost-AGI, with appropriate safety guardrails," per the official announcement= .<br><br> The new structure also clarifies that Micros= oft's rights to OpenAI's research, not commercial products, will last only = until 2030 or when AGI is confirmed to have been reached, whichever comes f= irst.<br><br> Microsoft no longer has IP rights over any c= onsumer hardware device developed by OpenAI, which acquired former Apple de= sign head Jony Ive's startup for $6.6 billion in May.<br><br><b>Revenue spl= it </b><br><br> OpenAI has reportedly been sharing 20% of it= s revenue with Microsoft. The new agreement clarifies that this revenue sha= ring will remain in effect until an expert panel confirms OpenAI has develo= ped AGI. Payments will now be made over a longer period, according to Micro= soft.<br><br><b>Looser leash </b><br><br> OpenAI is now free to partner and develop pr= oducts with other parties and no longer has to exclusively work with Micros= oft's Azure cloud division.<br><br> This also means that OpenAI can finally sell= access to its application programming interface to US government agencies = and national security customers, regardless of the cloud provider, and can = release some of its open-weight models.<br><br> But the looser leash goes both ways: Microso= ft can now independently pursue AGI on its own or with other partners.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVFiR4mk27vK3XXLtDQZModDgESD1w9sWcB-2BhEFNpcTqg-3D-3= D1bjH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz= 0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQ= YVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembO= FnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEITV-= 2FZjots6FToCL1WpOuOZ03REGJh0cbOW3oBtVaX8jGN1FwAqJ0v5M7HFHDq-2Bh9weu5MPDkUlG= vRqK6jX9ATMH9Z6oQ6Lp1-2Fehy2Nomq3Ov8RNb8zgVDehbDqgTUcfvxleJNzzRNCvmwosJNkrw= fttUBFRxpUvvZ6OUgGzcn3dI2KpfNCXaVH08-2FgbBRLnjUp5dgKAoPUVFkZmMpV4E7hVtE-2FX= uvSjOcaGA9lVlGFO8jNNkcbFMMg0jNNdCQ5dNig9Dtny-2F-2BJ-2BfwCa8lUHARY0-3D" styl= e=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-decorati= on: none; color: black; padding-left: 3px" target=3D"_blank" universal=3D"t= rue">Share this article<img height=3D"24" src=3D"https://fonts.pitchbook.co= m/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-left:= 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><i>Related story:</i>= <b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV= FiR4mk27vK3XXLtDQZModMYsfvrS9Nwh1GikGhoH0aw-3D-3DUoRC_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28= -2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWY= v0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMG= ZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIVfEBPn13Cc0xDv9RFkVZhfsNsC-2F8= G0DyiuYLp5OLpmceDyo3-2BPUXFJf1fO7N4lKtIKp4d3juSSefyJDFpGh0-2Bx6zs47-2BSTKaX= f8Qv1aQe-2F8C-2BihdQKtoFdzm5BOuHvjQhqxbM9MwjBVTpantb-2Fm3OOMymUxQDqXZ8KIW2D= KKRVNBxgaaSdKpMUoD69pc9hRLtw1q8-2FUu0mAQATnpvgLY2EdyKv5HOql3Xr5lU0rgBCNwE8s= iVayxa6o-2BtNA6UhpccPt5gmsqYCaoEJ-2FNPbC6eo-3D" universal=3D"true">OpenAI i= s finally a for-profit </a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>What if Europe had a joint stoc= k exchange?</b> As individual national marketplaces struggle to promote mar= ket growth in Europe, German Chancellor Friedrich Merz proposed creating a = unified stock exchange. [<a href=3D"https://url6380.news.pitchbook.com/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVFiR4mk27vK3XXL= tDQZModPI8sJ5CwAV7-2F40s8nh0mtw-3D-3DVvM2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3= HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7= Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0N= hWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIcTRnFmAhr3I4rUpqgksQ8eDXfSN9919XhbaCXu7hDz= PDoy-2FiCOBdIjR-2Bv5QIwfSgaGyFguw52GZezzv8nr1hYTrJ5TkImEvt4ksfdypzO6D4sH84c= YZi7-2BI2nslCHvYDFKBQ40amojkYvbc0SEA1VynFI4-2FYpU5gg4AyzqLW8-2B0aLRxu61QUx0= eDhdJgkQpk9otBhVhUvT9V-2BnayomC-2BAkTtdYrPHlq6xrWb-2BEqLVD-2FGyR34fBMMflqD7= Gyt7FUFRMvVEeaWlAJWw0cLPclUGY-3D" style=3D"color: #1D5080;" test=3D"">Bloom= berg</a>]<br><br> =E2=80=A2 <b>The private credit industry cou= ld be in danger.</b> Despite private credit deal value rising exponentially= in 2025, nontraditional loan structures are causing auditing frameworks to= fail, leaving private credit potentially facing a long winter ahead. [<a h= ref=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuyl= w7SpSWIrf6GFa-2BaqM7ONnvsnswouzVFiR4mk27vK3XXLtDQZModLBguTdmga3mtDdZjgVqszw= -3D-3D7epv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8= PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqm= eSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuL= yembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlN= EIRBfS2L4qo2DR3idPvB66HdL5nJ0exF-2Bnd9V3yI8PHt5TqDzFSUGhR-2BZ0zbcH4WFAd9SdU= OcYM8roFIRu8N1efX-2BUmwIOjV9nkHMBJWrjFg81KwIfwjrtuqhro-2FQa1zXRtbleW-2FOlQh= BLnNbf79-2FRLudHJZdCU1rUcY7Z6cuzi7YZ6OqtlpaDiLXEYI6Y8mAHLsJ1YUBSiIgg8zbkYe6= -2FE6zLSy-2Fgzw8S2bqT9V37FZScPCZqiY5derkBFC-2FHNoKY5c5SifSEapHKhXECCZNtvU-3= D" style=3D"color: #1D5080;" test=3D"">The Wall Street Journal</a>]<br><br> =E2=80=A2 <b>How much did Elon Musk's foray = into politics really impact Tesla?</b> New research from Yale University su= ggests that Musk's brief tenure as the leader of DOGE and his other involve= ment in US politics cost Tesla over 1 million EV sales. [<a href=3D"https:/= /url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzVFiR4mk27vK3XXLtDQZModMX-2F4ux-2B0xeab7XAtT29g3A-3D-3DOqSZ= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67h= eWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPv= R5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizf= aVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIXHzGOI4z= TpzDn7vbxm0cg-2FM529Q2Ods1PQuzujFcoj5iq93gTII5qD1GQpZ3ChCjGcMWwfMn3CSVhBpuB= oZlQ2xAqUx2lPgFB0LXT1fLCz8TBYxtGC8mwKBVROztNfIDVxb-2BI2aJ1QP294jpsQ22yWAZeU= -2F0OyNYh-2FkneCnPLwukpA9pTzaMo6VqTJ5Qjx0FfURcA5xhcRpy-2F9oCTBhvfijb00SK5RB= 9N-2FCxVRIK50sJ5RvjM4Fqj7YigONAU98Suxo9TLs8WjGiBu9GYpRqzA-3D" style=3D"colo= r: #1D5080;" test=3D"">Fortune</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> 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style=3D"font-family: Roboto,= Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si= nce yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 24%= ; min-width: 24%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 865 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Deals </div></td> <td style=3D"display: inline-block; min-width:= 24%; width: 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</div></td> <td style=3D"display: inline-block; width: 23%= ; min-width: 23%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 30 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding: 0 133px= 13.3px 133px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/products/= platform" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVFiR4mk27vK3XXLtDQZModcYGcsoYWyKY-2FlOYXjhKUrA-3D-3D2= ohT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O= 67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYV= dPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFn= izfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEITBy-2= B24IpgcPGcGhkJNUruPztJMZbV-2BH5XsHwNw6TzFgDGNnrX-2FB5MTfDcWo-2F6WW4ziwl83HN= HUQG-2FTJn6f-2FB2PrSX61zLiDMP82WjJXVjxokghQGEmhX1svufPcMafZTbOdOwQfkeizu37D= 6TmsaDiuZqNQrqXqvU2DN-2F-2FVuRa2fXH5Swp-2FXkZ0cZKYLAMSlPO8Bq-2Bg0Z8dVzgSMQq= tjjmuH1noSseCLE2S-2BlBwD-2FtIuy-2BdBgrxh29ogoT-2BPeT-2FMsILe-2FEoAcmaWWX1T0= WlgVw-3D" target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E;"> Request a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> <td style=3D"width: 20px; min-width: 20px;"></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574110" id=3D"n_574110" 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: 2019 Vint= age Global 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: 69.64285714285715%; mi= n-width: 69.64285714285715%; max-width: 69.64285714285715%; 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">15.60%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">22.40%</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout= : fixed;" width=3D"100%"> <tbody> <tr> <td align=3D"center" valign=3D"middle"> <div style=3D"font-family: Roboto, Arial, san= s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27= px; padding-top: 5px; padding-bottom: 5px; float: none;"> 0.33x </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= swouzUpa-2B9G502-2F6KhpHU2WFUuRk0zdj16-2BhK45BchVFGhwEA-3D-3DrFz4_I3w5d9c01= gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvb= LJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea= 4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw= -2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIRY2PBZG930Ni9HcTF8= 1SpzAO79m0SyDSkpvr8GgHRJFMfbh8wl25MfOlZCREPm4tATp4scZddonMaxlb2xcdmDlsR4H0K= n0cMPayHxW89W0V-2FSW3FBN-2BsksUp9MJzEUQq5Wgw5Aw7X5ElkMvyaIrBd84AfpcrZ1r0R-2= BeVccQ0vvMF4wP-2BVRoQbaBXqJ-2BnaUzKVPIACHjEttlZe6z5qQ3ToOKf7hsgqmHiA9KfWHi3= pZJ2Skjtd7vHytcjPWfoFU6H0UwrUQeTaSvO1pEkHVa24-3D" style=3D"font-size: 14px;= line-height: 24px; color: #1D5080;" universal=3D"true">Incline Elevate Fun= d </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= swouzUpa-2B9G502-2F6KhpHU2WFUuR2fbUoTk88xfIvDPbfNNmNQ-3D-3Dp1rC_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJ= NFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4L= W6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2= FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIY7wFBPi1cyBh1ru9m4yT= O9AnvMy6eIWywvtS3OfJVBKk5zxibNKOHY84v1Co739cbpOKrLgBOQ-2FhzWk4Z2Oi5wbIJILDR= 1CPpe1bPt6v1kf2p-2FXRLmrb2WGgoU-2BuMIjpWW4blZxQwaj5md3iS6gnyWKv95RvAVa-2BOn= 5Kn19fK3H1DHWvmRsBi362go-2F1LNyE8O9N6fef80t9svCCfZL7P6CIaInfmcTLIj3RCkxwPS6= WfcI-2B2uaidXv0yPYbVmDBoYvHeinhL4WRxeBuSV-2BV6E-3D" style=3D"font-size: 14p= x; line-height: 24px; color: #1D5080;" universal=3D"true">Tulco </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= swouzUpa-2B9G502-2F6KhpHU2WFUuRSt8poITgD5-2Bj38N-2BEWdmYg-3D-3DZZ1n_I3w5d9c= 01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvN= vbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIx= ea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6run= vw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIebIVnvTn7tCx6zfR= 9SZFaY2XuovUzVkqLVjjTVOv3XCYP7q2xQaeLnSeuPkETTDYnPKq1A6nIO6epMRkfTwX-2BgJ6L= HlTCYH63jwfU66TQVBNlYJfnrjaBhffX41hNSqxmZzW4jI12XNrlBkZs0mI-2BA5wzShSyiX17C= tEbLm-2FHkrRIkfDkG3ebKZO1ry-2FnTB8o28rA9uwmPEBjH7QSTBr-2FzCjLvELqbDHiRMnrLx= OwF2RNcyf0j-2FNnJ1qliwyclVmS-2FbcrhQnNkilmbffIz4fuw-3D" style=3D"font-size:= 14px; line-height: 24px; color: #1D5080;" universal=3D"true">SkyKnight Cap= ital Fund 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-2BaqM7ONnvsnswouzUpa-2B9G502-2F6KhpHU2WFUuRT6= f-2BDcLSmXf7Q9uRAipKDQ-3D-3DWhiy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy= -2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1g= SAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BW= DGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9= cwVEiLNysl-2FiaA6c3YlNEIQWAnkb0QClYnqTFd2B-2FuRI0Ino-2F4lOwCuPoQ5gHRPUuZ6hk= X3RWIn56Y4xQZt-2BMOF-2FV9gy8F5eeNR99ixRsNK2gqh2xH1e8zz80BTTWVkUiNNNlwKoNNE3= Ib1zEjjZq2c7vTQXLA8HNejgIX7aS-2Fzw5Gd7EfB7JceNqcQYFJwAVKsEP5UQkj7bVC-2BPSDe= GJGr8F-2F8EncS8gexiBnyKZT5jHml8bbniRFQsMVMcJl48uOHy-2FsX91mCE-2BStD9IrR-2Fc= CAiTfoNv7LTOmwBleR7sSo-3D" style=3D"font-family: Roboto, Arial, sans-serif;= color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" uni= versal=3D"true">161 Funds in Benchmark =C2=BB </a></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check = out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpa-2B9= G502-2F6KhpHU2WFUuRNKBABpKPPrwPi8IUxTuh3A-3D-3D1s9J_I3w5d9c01gkD8gLzFEofZR-= 2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2= B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0= k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZv= dL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIUGvGB9xwu95surdPjZTdpG8on48vuYrc= sxvIIez5eWkYruxKIlnVea9QPgMW8Sccl9HULtku5nuL9yvOBRAvcHm5J1J4L-2Fkh9hunLVt6x= tNXiGt5ejGezFRqFf88-2BVFXqz6k1gfS06ftJLUC745my76eoTyKRxetPxkFcjLU90Mg6s4R5Y= yVpUdmSlSqU76No85Q2rfa36feHWMU63Up2veMP1j-2Fxm0A272j-2Bth48rJg-2FiT1AL3RvJF= j6zItuVqwiIcHwNQ1aDyR5dFpwSlW4E-3D" style=3D"color: #1D5080;" test=3D"" uni= versal=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"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>VC Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpa-2B9G502-2F6KhpHU2WFUuRiaRCXhzEO805TpAs= 30GNOg-3D-3DBiFl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg= FVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5F= 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bszm-2FZ3XbjNGvKeOhY7RjmXxXbB4dGupWxjZXRaQTkWVSiAKWtmocEJwIjyI-2F84KxY-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Whatnot</a></b>, whi= ch operates a platform for livestream shopping, raised a $225 million Serie= s F co-led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZdlH-2BjF8VNuaJ4fHoaW= i1KaUyzynbD4HvQ4Ej-2F8XYwQ-3D-3DK9OK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC= fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3= gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b= -2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqN= QyH9cwVEiLNysl-2FiaA6c3YlNEIUY2xGP2J-2BgSkS4plfkMKItAIYwUXHvBU-2Fv6muNUM-2B= dEICXHjIt-2FS9GkCMdMcavjZ6GT-2BAHocp8tjYW6u34UXqyl8vD1wSRWEK5-2Fy5-2FQFkmjS= zGrBDBAXnfRk9IorapaMZa0ToUJJnBDdfGr33A0h-2F2-2BOLDuvSHn149QDyGpui85UhDyKTbT= dEdTcg2-2BhqXnbCrWR3I39Dk-2BoPOu0wLDXQHKJwQF0cEoCtK6XLgUqHzLiWchoWHPjpalzqg= AsNEw8cwo-2FTwlZD4YGIPqtw5NivQ-3D" style=3D"color: #1D5080;" test=3D"" univ= ersal=3D"true">DST Global</a> and <a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZ= dlH-2BjF8VNuaJ4fHoaWi1qqLprsEl8YicO1ytDlbbKA-3D-3DAgdP_I3w5d9c01gkD8gLzFEof= ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz2= 8-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAW= Yv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSM= GZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIdTrsif0LnR-2Bg3MKFq-2BgMX1pjh= uCvjOmF7tIFtNOzZ-2FokXo-2Bbl2FENU6EIL2ExUANDS-2FfQgvmNNvpHN-2B0w1mW37y5XoeR= NlQbqPQs4HSGhAo354I-2BYTxEHdrvTvLiPD-2BN8jmmhSeREtNlKd6uKAYD0KtswBtLqAxOyOh= -2FDQ-2B3LVKBb05WZZN7STqsn92Ss532mqjE3qzN8gdNzXzZYgdurdCL15SVtT2jmgme4Gw7ut= VUHmzn5GbJgzbfGJEvK4romwosZ0QMiGtewj1xcQiyWQ-3D" style=3D"color: #1D5080;" = test=3D"" universal=3D"true">CapitalG</a> at a $11.5 billion valuation.<br>= <br> Credit score analysis provider <b><a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzWZdlH-2BjF8VNuaJ4fHoaWi1tXy3tOBgVUuQsB6DGA1GCg= -3D-3DnGs__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8= PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqm= eSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuL= yembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlN= EIZ4r0KX6qT4FgYMLYEA6pimxVgFmiehRuheKHcRQiofeZrJvKpZaMv3Lb64XF6Z3O29bGdE1GO= ZP8vO3CvV60snKEbiSU8xoRu7lznxzmVt3uWZWV2UYCR-2F7FGuLr8kXc5JeO9qjmR5i-2F7gRT= zpATm8vWwzmCQZi6Lk-2FR1PsTm-2Bz5JLnDXNDeUYbv7x3dqRkl58dSs7q376wn0EMp8KkdswB= Rpzbfv4X7vyCvcIckabs-2BImodmZClVxSaHEn9OyADWi1KqOYpSDogRvd4TsmCL8-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">SavvyMoney</a></b> secure= d $225 million in a round co-led by <a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= WZdlH-2BjF8VNuaJ4fHoaWi1INj8uiIko9thwFnJgDAxag-3D-3DeMEU_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONo= z28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5v= AWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTV= SMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIelK7TehEA9RIo659OBL5hvHw8bM= k0n0NCQD71iXWHdcP-2FVz3P2ThGj3U6mIMmaztua-2F-2F34zB3UeDXJAf5mclvKR84cjH9hVD= -2BP0Et9Dt2R7ZZN5Dg2gXSNEmowLEO9gf-2FUOxKnKvquNYAcEvUZx8Uwy-2FpSYUtNAkykX4f= EEfS1xPow3hFhvvFA7fkZjsCNc0iLc9-2BSPVWyNxtZZjQ-2FKGW4uD-2FerLg5i73ifCDFeQTt= RyKTIT-2BDsZzvqV4RD6S-2BugbFKzzrtAKxrlCVlzinuDfM-3D" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">Canapi Ventures</a> and <a href=3D"https:/= /url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzWZdlH-2BjF8VNuaJ4fHoaWi1YTTp2bMwD-2Ff9dMwUBQrJZA-3D-3D= 7Mbd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0= O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQY= VdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOF= nizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIVPoo= N-2FTLbf80CeHJbPja2moRsRY81b8K3AA8XYbhZtXgY1L2pHyqrLVqyN90WpKcJDb9Q8mQVeWQc= pe6b04ubjgOn5GtFBjyU5c884zfLv28pG7RpVRkDee16Iw2mcM5MV3SKwxKOsoymXhOHpadrAZY= QSxxta-2BoiWf2zBP19ZpXPgkOXla5notqJ3P-2BxsKCgbWt4CPSm2FYF7etqENgrY0p8Ni64VJ= 4hGs6URS0nFjcwxUuaCpbZCoieyKyJ3zQRX9gss1IT3TxaQn-2FRxegXg-3D" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">PSG</a>.<br><br><b><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzWZdlH-2BjF8VNuaJ4fHoaWi1njt8rgA6P0c9rsl0Op-2B0Xg-3= D-3DBtBc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz= sFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeS= GBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLye= mbOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEI= ff36Lk50R-2BVKzFXU2zRvjHrNeLIx9FU5DLdaXfSEZPuRZGw91zMW-2B-2FEUr9zQiEGLT-2Bx= yT9kTGrvabS-2B6JtL1ihRUlvtf8HeGyoxWetJOMu9Ktint08rsTUaPoG0D8CO7sa6FOZ7PRuOr= PBMBr3Iq2wgqiYkq1bkB66XMZZXFW-2B1r0Iq-2BS-2FvKoBwEwiFfjG5lWH7d23qIg2xA7XRzS= NFXl-2BOdVvmz8KtvbkbHkYk-2F68iOpcmKCr4FvgzIiamjgsetZ-2BhuWvrogBOvacTnio1k7s= -3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sublime Securit= y</a></b>, an email security company, raised a $150 million Series C led by= <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZdlH-2BjF8VNuaJ4fHoaWi1biM-2BIjVMu= ewTGux31RdVrg-3D-3D2Msn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzI= rDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu9= 3MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNys= l-2FiaA6c3YlNEIeLJQr8FHXZlqpQCBLqgLDDeAL-2F7QPQ09Cc4lf-2FOn4hhkOrVtvx0HGR67= k5FkXqkTeeIaNK5diRPzL-2FK7VwFJK8m77IivG4ij2JLKc5XOFVBuZnc-2BVDLgVYgiOi4FMmh= AibZsbXbxKsFhyMzwBUtg23ZPETTjN08f-2B9CNoqcUyvQ3Vcg1Rq35P5LbcrPcw1p9H-2FSlmo= 4ye8FS5rxssU7V8hlMB-2F9WZq1SpF-2B9ZTEMy4ycnX-2BgEf-2BhDxrV3JTjedOuI-2FCyEOx= w6j-2BJFLwO6ehe80-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Georgian</a>.<br><br> San Francisco-based <b>Substrate</b>, a star= tup building semiconductor manufacturing equipment, raised $100 million at = a valuation of over $1 billion from investors including <a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzWZdlH-2BjF8VNuaJ4fHoaWi1kdiqi569IkFpuWdfBwF4Kg-3D-3DrfY= v_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67= heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdP= vR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFniz= faVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIUt2P-2F= ggsd9xa-2FiOG3qV1X6STTULdDbjawJJQ0-2FUjDwOaln6WrGgEkQ-2BkfOOq9ls9pDwyhuYxQ9= c-2B5W-2Fyphj5vLFg2hL9ii-2FCMwt21BTJDhX4gPkPs404imoOUdpXtyBCgRHOzVhQsVQi0Bm= F3-2F1NyPQJSNT6-2FaVcGeT6IiDh9BVIVXVLqlxnYTK2UwToWsVyPBxEOQHaV-2FYZfjSi7OpY= dmdPYXi1T-2F2jj8YNZzfe0CmqjBp0RiqwLxzlZj30X5Pw7JhEGOGADFYRstinmtx3K8-3D" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">In-Q-Tel</a>, <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZdlH-2BjF8VNuaJ4fHoaWi1BYTRdGdSAIZWRyoqS0O= Wjw-3D-3D_1Gh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYk= rqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721= OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3= YlNEIfR576TTQnkGrRKYcw5cqN7cc254EYtsIuaPsqxhYfzyKXhwc0Feiu-2F5hoSpbij8ib49V= Auaov-2FqRcbRwE-2B0YD9-2FZvYXYokhhgON53tqe2gohVyAsf5rypeqVtB4SrXhYEqsnzHC9Y= uk1AWZu0mJp8TSU1bY8Hq57rRE7nOidK0f-2BXV17Me6sQf4No5zkRmNvOdDCQDhRjOIJqrXrnf= SuGgYQ52dYCuQJLVCKuEQ6Bi2L9opE8kI-2FajHCd8eLju3bY9XI-2B3VTV5dlyiH63p7srw-3D= " style=3D"color: #1D5080;" test=3D"" universal=3D"true">General Catalyst</= a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZdlH-2BjF8VNuaJ4fHoaWi1Ggdt1= x2scIrE2zdNaMf1KQ-3D-3DQZ8M_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8= DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJ= TRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEi= LNysl-2FiaA6c3YlNEIYFqQGQlv3WAneArBISs1O9Oa-2Bg1sPdHtX2tThtvuHHeqvNPI4w2G5K= Nf1awqaydnZ02NLMIi2HBmH9Fm2GxSn1-2FzXm5Ae7VabgEedeU3x5MYKPYbFO2aXSfZkFjiAZo= Jz4SGek7k1pUI1IEo3-2Fy7qQnmWCo8FgdbCET3ndS1nmwtasgpPix-2B389znODVQj8VHbl4mP= 4gya3vsWRIRSucalx2UVo5ROUSpYi9caigH6WKhqtRS2k7My8r-2BBR0mCMRgURLJWBa0b1M-2F= GlQfxP6LY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Valor = Equity Partners</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.co= m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU3Gmv= R-2BS5cTnnPVRyNGukhVLTtVjBca1k4yJdNWnLGAQ-3D-3D709m_I3w5d9c01gkD8gLzFEofZR-= 2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2= B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0= k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZv= dL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIba2VyvEcaFbKd5knUsCRq-2FCJrj7WJl= -2FGCZdEx-2F1PSpZ8U0jsuHJuO-2FxA00K8SkYzu7KSxZuD1VeYH-2FvuxZIaggiEBOj6Q0LYn= 9XR3xrLrebBLghAJPcu3j3E-2BSn1u-2FsK0dANZF4zahdBpz-2BZfZN5SiHZqBBfLw3-2FYMYa= 5TZVV771h9iUz9bL12sK6P0NiFl-2B9GSyEHqdD4zSMYMLNLtDV9BcsRUU-2BfBg4BkoCfVFid6= y-2Fofyubnpicgm6h-2FVY3AS7W5f8MNC7QzdL-2FcsNXxWLg-3D" style=3D"color: #1D50= 80;" test=3D"" universal=3D"true">Zag Bio</a></b>, which focuses on treatme= nts for Type 1 diabetes and autoimmune diseases, launched with $80 million,= including a Series A co-led by <a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU3Gm= vR-2BS5cTnnPVRyNGukhgI8gwUcfS23byua6IfY9TA-3D-3Dh121_I3w5d9c01gkD8gLzFEofZR= -2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-= 2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv= 0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZ= vdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIQYsTDF1CAV-2BfPqAl9k8Axa78I8-2F= eS5fmJBxTKtcwefwcUnrRvgJVd-2FEXBF37GDoKdt15L6qz285rA3-2Fd8qDlVoazweOJGuhiP7= 95I3myzYppHFH9PCtyH-2BD4zDvitRuoTHOmiwGl-2FyAGgSOFPTjgSv-2B0zPPzNSVka9ZVdJ0= Ioals4cqMziZkjXkFHLJCeq6Xa5EYK53EbNSb7-2Ff8Yfj9PXIKLJpeUgh71K4VhkKZ-2FG6Sw6= wsKx-2BdZ6WHDJ-2FUd5gUtNgrBI52KnJEDY6-2B4COR-2BA-3D" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">Polaris Partners</a> and the <a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzU3GmvR-2BS5cTnnPVRyNGukh37DUUtRoa1nP5UvOF8443Q-3D= -3DhoXs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSG= BQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyem= bOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIa= DUZ-2F-2BH3TVh4-2Fm1Z3rP7NAocHYuZ4y1B7C4mooSboK7Xqm2oOCShZJ6-2F47hfpvfOIXJ2= rhvXXwgOzoUq0CHvxCPn4jntb0EYczhJ0Nk8pNbsrWrfPPS4qekGGvRPjyLppWpsdAeUuG79WaJ= xnVBnakKafpA2GoI-2BSLKRERL8IniP9qZjbzpwXSy9iRo2VWRn7RGhyz7G2iApetWSSPVILarZ= hzvhzQxuDVTEsha9KkmgMRgOlUS5bZSlD9WEsF0yPNVLTVjsxuDmBJCtv4k8ko-3D" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">T1D Fund</a>.<br><br> Identity security startup <b><a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzU3GmvR-2BS5cTnnPVRyNGukh28LgHF4JbTM1F-2BRfyctlBQ-3D= -3D0M8R_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSG= BQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyem= bOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIR= J-2B08mrXsDxkUlPAUJqxHJHcQDy-2F0Gqoc9kdtBBzRBFoHU9U7VUqsqXYUPgDf19gC3uncagw= HnDBCCXpC1tpjQWvH0pNLpWvj1Ak3p00he7AJrQ-2BnpmKq9-2FB7ew-2BMEqZNGHjykyoB9wA8= 9lxLBABRm7yzNW0N-2FEBFRDsfJpbnp8X5Cpf19qIgF7VeWVrkVuLzHwTH97v1Wkv6iaRPCndGQ= 1t0VZlsBIrAjwKAbzNOTSYOwu3Dg5bu8iXCxDq3W1GNsL-2BAA-2B1uFs7Oj1qTwo0TA-3D" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">ConductorOne</a></b> r= aised a $79 million Series B led by <a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= U3GmvR-2BS5cTnnPVRyNGukhM4itC2yFWelpeY4V-2FZddsw-3D-3DLaSV_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzO= Noz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw= 5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyji= TVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIf0h-2BXzqad9fI83PPOsFsOHd= fjmz9ogVjK2iKp-2BFQtxC-2BRR8KyoNwC4WRIA5wWMvHV8yVCt2uuOZMWHV7mCGKklXyv6gGUP= lP4y1sCTKaVIjGcBks2DW5hN-2F4-2B07IxxTZaGBUGUojxgk2FAFn762ACrohI6fOzdr9Vcqe-= 2B2ze2-2FH6QAoKNSf2HIDyxyF7cQwHsVz6NKQDCavlNo-2FACpGkc8idah9YbuEpIZZvXUeDX-= 2B2oV599rJYnlaZrHuFR-2BcRWSWKeDasUZGJDQM16g8tMMs-3D" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">Greycroft</a>.<br><br><b><a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzU3GmvR-2BS5cTnnPVRyNGukh6kLHI4daoky1N-2B4IPCcRog-3D-3= Dw3DN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz= 0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQ= YVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembO= FnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIdJS= dq-2BiVqWSA-2BV1oeG0rFafqFUk6sDn2Lxj-2Be-2Fywvak2th6VuDV9f3MV7Jd8xDmok05KIz= a-2BaT2ygNP41-2FEk1QElAbsBDKe4Gt78AoIKMcKHoWTcigSbRqPlJsTF8coUBeHDp-2BsruqZ= OShMbAIiE-2FgF-2BntWC911-2FwRq3Gq0av9LRhQqwA9G8q9OnxmajrE6TKoQam9-2BosEyuOx= hrmVmmLuEdN1wLraRGaYiNwRpc2USbGrcMfZLjIzMyl964GuDkRXe9NGPdu-2BG7592nQoLj-2F= w-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Formalize</a><= /b>, a Copenhagen-based compliance software provider, received a =E2=82=AC3= 0 million Series B co-led by <a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU3GmvR-= 2BS5cTnnPVRyNGukh4J3rXNmzoRrjbfpSijZajw-3D-3Dplr3_I3w5d9c01gkD8gLzFEofZR-2B= h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9= jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4= Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL= 7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIVHVCOlWzpBP5cQ31G9HBAoV5vhG6Mj5GG4= mf9kNlX4J6hkSv-2FufTZDylXva6u-2BnFMf9rslyepwR0J1iQ18LQ1d0xdHwJ5jm16-2B8dEn9= d475hUMTld9hvSin8CpAh4OSDdEAuddmcZmgK623aE6uzsGVnVKvPrFr0n3DXu8N8tSnm52qjvv= cPo-2FnRbFNKLFmcyeniKDqTji5SrzAioCRI8QavCqCoOILZwmmRbbZ7CD5-2BR1BBbaY5-2FdA= v2rikD3XM3XxrmBqNefIp3cDlRBmEQQ-3D" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Acton Capital</a> and <a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzU3GmvR-2BS5cTnnPVRyNGukh7DmOo57QHDpVKYi55WQ0VA-3D-3DYeOG_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzO= Noz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw= 5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyji= TVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEITaTyGxZp1541QHC9AH2zX8uqh= 2T-2B3sXmlTUgMlMYbedoVqtl-2FThuvRaNqxG1-2FDXjzDcDmohX4TrK9vWoefi8mMgAnWNdH8= lRqn8f52rrovYnYALCpSPoKuHkLzLJXjt-2BjHeL1oiAc8hJGjRmbwuHQCUcPTglIamIMa-2Bpo= a-2BWEPnwCbIf5vTtxR79V2JKXS3LkzprwBH981s72du3nQK3pBmQjwoJd3RTj405AZ2gpA55k3= ApB9TdixxjzgScPTuOSQ4mQsywBPSvqbpLx7X4nU-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">BlackFin Capital Partners</a>.<br><br><b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU3GmvR-2BS5cTnnPVRyNGukhE3ifk0NrJlSCIISxt-2= FrInw-3D-3Dc-Lm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5Fc= YkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm7= 21OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6= c3YlNEITZ0luZGYEJchsNxSY6mH4xuhwp-2Btymbf-2F2pr-2FMgHCu88W3sboKi4ccU6bf-2Bl= bOCz-2BbwB1KkkuTxS6aM-2B7EJolrglxJBcLLboyti2Xzw-2BiXulLNW7U9nvHfBsFEzPD89i3= Ia4HqfNGDbwUmB-2B0Td3IkeNVbqdj9cRghw7NwDS2owzpInZGGFNhR6FrvpUtT7TLbAEKHMxQD= svlQBAyMukYpcDLNHSS2d6W9nOvqX-2BMduVvK98em-2BlQpkunGX-2BN9BOaa4q-2B-2F2stOP= nuGN-2B1f6IG4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Me= m0</a></b>, a startup developing technology to help AI remember previous in= teractions, raised a $3.9 million seed round and a $20 million Series A. Th= e Series A was led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU3GmvR-2BS5cTn= nPVRyNGukh6-2FwCnG3RsVdSXch9oaXl7w-3D-3Dg700_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3= rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-= 2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5= o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIc-2BiwPkHcMRNGcfsNuBM3w-2B2U4WABmmroW3m= Nd9-2BVanX1R8xHpNvp4EJxIphnXbNL0ETBzUEavULJ6n9ukd8PXX-2BevF8nLXoJF2VLpcKc8J= HyTKC4k-2F2BR2b9WLS3yNkS9qme3kKH96wLFAAC5AhvWQfxbdMsKeZ72-2BsmXDJXfhIe0urXa= 8iptvSkhZQfyNiJmHSjReHMAJfhR8SuHBTzE0yPHlbiTZCjId0YzXRdTcL-2BRXqjtGb7pNLhnG= VtUj0H2Y2-2BSxQ6-2F3PzmHQ8hulRl8-3D" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Basis Set Ventures</a>.<br><br><b><a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzXE6I-2Fnag2HoqrQ8RkWmVuxPoGZsWzG2GGuH6-2Bn8qteVA-3D-3Dohux_I= 3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heW= cb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5= fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaV= uj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIV-2FIwPtpn= VVKQl11KTAnQmO8CNwZu-2FGtb8URR4OmixaXXCfF4-2FMfA-2FtKY4xSSlLUNWJUcIMotwddp8= nOTSgp-2Bu58Us6kJP2XPfOCFETtIQ-2Fstlqj5B02fskLkzvnvR8uNOQJpSjrrT7WjXFNW2s50= AkHNjh8GyhEli1lwcNRWvswYCtXIou5eXEVgsuZUIpVIJ6SGTo-2FADdaBXv0Um7Pj5FKm-2BAf= KCf8wWtpHlmXP5Fm-2BbTdfvoFcyfj9DCPFQqxJA8K3bYy-2B1qQSg8Ni1f42Hk-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Grasp</a></b>, a Stockhol= m-based AI startup automating investment banking, raised a $7 million Serie= s A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE6I-2Fnag2HoqrQ8RkWmVu= xWAh8dCYWiFXY8AD-2FnBTn0Q-3D-3DNaLb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3g= J1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-= 2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQ= yH9cwVEiLNysl-2FiaA6c3YlNEIQS7Fv9tBHI57x2de0KqtDC-2FicQ3NKE66ZcIrP5APw2UNaS= IdlsYoV4KQ8pCzhqWl5ksprBllRCU8KeBpG74XHRJQJ0960pdcheuR02-2Fj7Gn-2BoBKD5LpHg= E5fWCgnAKkUj6z-2Bx9s4TocC8IAlom5HX8n-2FFM2q9KTOdtKJiP5JsL9ZnLCkrVLS9q2gFh1-= 2FCAJRmR3UVcKnTKh8s0kenGdUOgcn4OwPCYTSh1jnJvzshubsDaa3UYqZezDc9k21z8W62kLdf= 0q9JrayRhkprWVN6U-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Octopus Ventures</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE6I-2Fnag2HoqrQ8RkWmVuxxIMiDaFFxIZonq35N3= hBmg-3D-3DsJFa_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcY= krqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm72= 1OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c= 3YlNEIcz4FYazYBFLdo0uWYMfqL7nCJWAi3iwUs3CTJETwuhkS7Xz64WxUuAA-2FWMbUsdGOaDd= tKQKcRCQE5IUXSfX-2FGyf6sB9fcPPlTCj6f2IHTy60UJ7PTBEG4apxDoD1E3LrWTYeEknyHTvf= Ok83UJ435bWeaq3UdknIVI85JX2QOERi7hKp1GadLOWxncAf6-2FJoO6ViFUtt83ZWuuwJ4AVpi= D9qNXNLBoa2T3jfMh3k0dKfoZNrHWDOHoypvDv50veszHp2YAL1Xqc4Inl0dOrjgM-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">EQT</a> offered to acquir= e Australian insurance broker <b><a href=3D"https://url6380.news.pitchbook.= com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE6= I-2Fnag2HoqrQ8RkWmVuxsnucFYQljtmh75D2pCb-2BMA-3D-3DH9___I3w5d9c01gkD8gLzFEo= fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz= 28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vA= WYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVS= MGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIZ2KHcqpQj-2BHPf-2FfqACHP-2BI= tS5nPVsA-2BtLFr8GQTPJn0P-2FhetfwVEEHkXDUwRu70UAvla1JwC-2FX2CunyZYX0qVYQDvlF= oncNjgSiE4Wu2JLysXW3xF4YeiQqiwFlBJytLX5NDYr-2FWAt3cz695nZe-2B0VsH88I6Y0wKUs= 7o1J-2FBQAmRhgRtf6CAlCc2KafA3-2B0X5dGERRzOX5btbKiG6-2FMisdM-2F-2FxXu3M-2BIG= YmAEmNePxzcVE4HIMeGUnqxK1TEQJt9tqXWD3ZCbf18uSZ-2FHV87TE-3D" style=3D"color:= #1D5080;" test=3D"" universal=3D"true">AUB Group</a></b> for $3.4 billion,= Bloomberg reported.<br><br><a href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE6I-2Fn= ag2HoqrQ8RkWmVuxTAVt125LSmhmLXbpv8sxhQ-3D-3Dj5iA_I3w5d9c01gkD8gLzFEofZR-2Bh= 6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9j= rDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4K= r6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7= Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIX-2BDELpgylxjhyhNWDfahnMp2YtPnfU240= jd0T8DkM249KHmrAwtCfTucWUb8dXGMq3GQwdORtmaCYVSFKx2aIqCFn-2FmhZYsnFnMD7HrawR= 8Mp6-2FzWedckivZcBswFYljogEBSGQCMqNjcJwJHzWeO-2F0dgeLvxU4lvhjEhg9hLYJVKi8cV= QIuDvouGMGG5sRRg0aXMvvpjl-2Fa0BTsdjbjZvkWK4dUL-2BzL5fx62iYloklkW1mxBSCnhceb= gkRA8Odk9XSlsimD7eV4sFvxihAmsk-3D" style=3D"color: #1D5080;" test=3D"" univ= ersal=3D"true">Blackstone</a> is investing $3 billion in <b><a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzXE6I-2Fnag2HoqrQ8RkWmVuxoGk0pBdCBCFfqnzcbiQC1w-3D-3= DTr3s_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz= 0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQ= YVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembO= FnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIVey= qb-2FHvyBL73GsJtS-2FvtokK3s-2FyQQjmvRYXSLB5y8EEnsp9OthKVK3-2BFpOePdpJVATRZn= fs727UFbZY-2BU7D-2B-2BsFTZfWZvc89EiDTuJ-2BtYuHepRtCuSon144QUQD2c8kAQGh-2F6k= fKfNkUZ89weropq4p8-2F3NXdnALy4gVpVQgMDpGqMUltyhRQJVaF-2BOA-2BfI7tnXe4Fi1-2F= -2BepetFfUaa42GwiVhkEsO5Tb0G8DzHyC39q4QAmsFXdppd1PCTu3S3H27z-2BBAJ0CHOOjyRg= Yx-2BVI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Humain</= a></b>, a Saudi Arabia-based AI specialist, in order to build and operate d= ata centers in the region. Humain will work alongside Blackstone portfolio = company <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE6I-2Fnag2HoqrQ8RkWmVuxMDfO= Wm0KxEBg5yYHrrrDfg-3D-3DjylZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin= 8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdI= JTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVE= iLNysl-2FiaA6c3YlNEIVmTrda6cTE82qmrr4734yUHD9Y7SphuiTIzmNknV0dDuorufAQBFY6g= lejf-2F3MZm0oxPmVS5NhjfhBLMwhfVrV-2B1-2FqC9BZzR2JUSFGkI5rxEuA8lqM-2BCaQIoo5= 50FI6Opt7yP-2FPsDPuBN2NFsv0Q18aK5GqNMtu-2BEplxfopPQlglI-2FNUYcRn6CGL8FGfQQR= plFuX4ZuS9Tulxs3ORX3qepY0EyR8adCxiQYuQvGrkPwJZ9liCrenM0tgEmfwgLdCvOK6NrAJzH= GVK0aieESrL4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Air= Trunk</a>, which is also backed by <a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= E6I-2Fnag2HoqrQ8RkWmVuxCnapUA6lUpUIP5qlxYkk9A-3D-3DSBuh_I3w5d9c01gkD8gLzFEo= fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz= 28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vA= WYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVS= MGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIWFkYFZXWUt75Y2a-2B9L6FDK8-2B= fzMKQMpzAtqP7Sc9R-2BknkBePaiERY3lCsYWVh8zT-2B8IYLXslYYuZoVUFPZ7VOkJzIRHBQY8= f23sJzlckciYXnGqLSagb07FmMLsLCFHXS66WAETHAXKeZKYfFJq2GZOEhnKXMtXfMfq7joP-2B= FZ4pSEfe6YWdpetuZgaZJ0Z-2FlH8GBlBzMxxyJZDNqu6bjAbgZrSlwt5dD3zXSuWkULcfzed-2= Boz6u6dfTEVMx3rzcGUQdhHhCf7KGgB-2BX-2BYI5IU-3D" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">CPP Investments</a>.<br><br><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzXE6I-2Fnag2HoqrQ8RkWmVuxCVfbJlFZ-2FWpR505MnBBTaA-3D-3Di= OB8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O= 67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYV= dPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFn= izfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIdlz0V= iq5NaeOLUFcwbl6hWbDEhXPQhid6ege16WKIwcFe0jGIxHecvPYyA4013vNocm6OPxDzFOfTHaq= GdJ0cnCIfkxVxLPct95W-2Fx7s4UIf4dZT-2FinXAyuJdlNmWftQo5D9TWi79JYlbSYp2L9KaQM= ILo-2BBgLQWPz2USChuWqlnjZXea0kBalxg0Lp66DNm8MxNeHzbs39bhZyuqP8UjlJZfpm39hk2= XtWdkBXHz1KDsIJbAp1FtszYIKi9iRAWEgC5jKhbYH3UbpMVx-2F9kMo-3D" style=3D"color= : #1D5080;" test=3D"" universal=3D"true">Cygnet Energy</a>, backed by <a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE6I-2Fnag2HoqrQ8RkWmVux7Y4Y52xxESFw5ZOLB= 7RU3A-3D-3DZ9kk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5Fc= YkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm7= 21OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6= c3YlNEIb7aC5OQHC2twaB96gBbf5NvW60rSRtDGahAPWfBBGplnd-2FCKLdkFOEKe34nlTBvKlH= XBB0NUhS5vcR-2BIYx79eZmPz9hX6gFFe-2BIwHBlbJD6UHlG7c01u8WHHTwq3LnltiPfDLGn8-= 2F3xylAJCD7SkMlR97bhNixR6lAjLNoQ6wA47BDQQ12WSrwdufSR0Vex0E2lICijTun7yvZob40= Hpx28gOXVQIZl9eV0c4ZKRQn-2BGi5m2I8fHwhNSWFzt3QeUeS9xtv-2FnEjXEg793FeLn-2Fs-= 3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">NGP Energy Capit= al Management</a>, acquired Canada-based <b><a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzX5a2M3jl-2BMmOGE8P-2FEoV5igoJuSJmJ0Mi1SCWLN7yxkg-3D-3DgUxH_I3w5d9c0= 1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNv= bLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxe= a4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runv= w-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIbUVOs-2BHgSjQ4SOV= IMH8-2ByAE188ig2tdCWlJAWHwkvfV6JOJAzyOISlIzR0rOLPp3lZG-2FZK9L-2F74vW6mUjrNR= gWDZHrXeYAiFsQx6BAFPjfsBIhIyOMP6G93oO8AQzmKukhHQiOIzkzMBUabLwkP6V1JxxbatSNm= IgkP60-2BpGqT6A6octk-2BCioUynXhcb7fYSHAS9RZDtP-2B6XOVubAYvAzN075OiS33kDCOGW= CuF4yyyJqLnLagvXLH4Is1PS5UxPPuVnQs4wrk6XCU6oc8MFsI-3D" style=3D"color: #1D5= 080;" test=3D"" universal=3D"true">Kiwetinohk Energy</a></b> in a C$1.4 bil= lion (around $998 million) take-private deal.<br><br><a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzX5a2M3jl-2BMmOGE8P-2FEoV5iAdiMnbGp2p0PV9XFljTfaQ-3D-3Dh-86= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67h= eWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPv= R5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizf= aVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIVIqc-2By= 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Kbz-2BiR-2FiIfOGqp7cHb69diFvb7AqDMRlQaVwkqpD-2F5sB1P-2BrI37QigmtaMTydimNwQj= V3xgnL8ZFZyoCWbqKA56UGTPtSP8I6uTa0oN-2FZI8rEBH7H3RXsrEvPWttLX9q52wLZw5oPizZ= 0J-2FvYx1LPmue-2BLPnQGy-2FG0Cg-3D" style=3D"color: #1D5080;" test=3D"" univ= ersal=3D"true">Idox</a></b> for =C2=A3339.5 million.<br><br> Toronto-based consulting company <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX5a2M3jl-2BMmOGE8P-2FEoV5is3N8UQNpvpT3GbN9V= sL1fg-3D-3DeRKl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5Fc= YkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm7= 21OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6= c3YlNEIfOFRvCqHqp5ZBkm-2Be2L7SaGP4ku9zrxhHDlzDjkFQelO-2FXE0QIH8bW88vMsTH-2F= mPr8ZV4PMZGxD5LIoB671ZiQY-2F8BzAhGOsxIF5LuYiaKm-2FHq39l1o15c-2Fn71rNtMaLyxZ= 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-2FD3yhTMCJJlosvOLyHn5LPsDU0H-2FQObELPI-2Bnkmczek-3D" style=3D"color: #1D50= 80;" test=3D"" universal=3D"true">Motive Partners</a>.<br><br><a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzX5a2M3jl-2BMmOGE8P-2FEoV5io0dWWa5xDusY-2Boku9SlMw= g-3D-3DW8Hl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrq= meSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721Ou= LyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3Yl= NEIXP3ttNkWusePzlLLMk3wTFdUiOyjeyBswK2eu1X-2FZrlSeHOmIp1EibQardtpvpNklnIsRI= 5ArczfEY-2FO8SmIwU91bl58JrkUE8f50JE54C738yZI-2FBqeXMoXXZOPAdqvfT1i4jYJjRoWi= WWvIXSUh5sJXORoWZLdOvlXwlmmiCwdmeHbQlC6SWcXLE3adfSNHkjNSRsKuHAqqVJ-2FyRk8fm= SaGuy82OS1vURxsgVGbKVZWTWxnS5joJDtUXNN-2BeApyASeadpRw35s9ph6Q8bhHQ-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">Main Capital</a> investe= d in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX5a2M3jl-2BMmOGE8P-2FEoV5iXq= ZfMZujmAsmvE9HGmC6cQ-3D-3DKMGZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2= F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSA= in8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDG= dIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cw= VEiLNysl-2FiaA6c3YlNEId9Mu2z9n6S-2BkXiibZXINacWg0Ob1sg5HvjNQmX6TUStxDXlp4e8= TPY-2BmWMO4pkQuw2UnN26sbLglddsmJyYOS5JP8yUe1RSxgGi9FtiUN87tyKMzzNjcqCZDfSlO= 82VHlL2NbqMbYb7FUMnMg6WhRu0X2COR8c5tQ8esqFU4SDLwM0Y09h5TCaeGiDwzqUXjeUsAzxZ= reGU4lonnv4QoLxgDn18Ju5tiPUVGXeJQZDTULxwn7blS00hkvcnLYVLTcybZbyzhA10WSbhOB4= dHw4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Shippingbo<= /a></b>, a French logistics management software provider.<br><br> Fairlight Capital Partners acquired a minori= ty stake in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX5a2M3jl-2BMmOGE8P-2F= EoV5ippLrxwONhcsXQBcd5vmVXg-3D-3DYDBw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF= Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv= 3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3= b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSq= NQyH9cwVEiLNysl-2FiaA6c3YlNEITJF-2F4MPcxUGWox90v-2BMqY5CKWZHv7FFFsqDKuFF7vh= 4rX1-2BiErWmHbdN7pjASPMXx2ciIJx41WuQlQvDVisXRdUSKzY-2BByZhMd2SIhJCBCMd-2F4M= 4F9VPN-2Bn0PuFO735eogN1ERh3v-2FWnnDGvHOGjbmerUJfwmunqJVOv2AjAtr5v-2FURkows6= ZsWqEwIgxWqaIKqMHQthnxJhidofk8tV-2BlY3g6eKBg4zIYW-2F54aBHKefivU0ecK-2F0jrnt= K6jGKrI2acvA-2FX7-2BHMFyETx5aX8tI-3D" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true">Noviscient</a></b>, a Singapore-based fintech specialist = focusing on the hedge fund industry.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX5a2M3jl-2BMmOGE8P-2FEoV5iQ-2BIWnfGpBkG= sOdtChOogSg-3D-3Dk9o6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrD= CUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93M= qNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-= 2FiaA6c3YlNEIWw7IotdVdBdXFVtw7s8lkWeQOF1uKZ75UPK02SdRFoNY24hBct6mod6oUXltAV= phLCxqcf5FFnpxUOomHWuZ16ZngoxOrPx3mRiZoatakZB1GrQeiHaGbaDhDKPO0wtJqG79Co7qy= nJ1PJK-2BVURBB-2Fkg-2BSZu-2B28yGAos-2BQuIRXCiNF4M-2FJfWg9iDQyWJjgjQ3vG397zw= LAE5rGeoP-2Fj74MtB6ol65IAaqNwVIaA3YIz2g-2Boq21mhuKRgvuXQAj3xHOzfBqc8uHM7jwd= HOWk04k-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Best Egg= </a></b>, a US-based personal loan specialist backed by <a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzX5a2M3jl-2BMmOGE8P-2FEoV5id3MVjW8-2B8FXuvWQb4WxQQg-3D-3= Dsgw9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz= 0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQ= 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The stem cell drug manufac= turer is backed by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXOQbumqO689MNTCB6= r8snHvssNnRaunOaRkWwcH-2FZ56w-3D-3DeP1u_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB= RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HL= vv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gt= u3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhW= SqNQyH9cwVEiLNysl-2FiaA6c3YlNEIV-2BnzdTDQdyb86Kbud7VE6GKoEWrMm-2B3yttbPdRSQ= rOBtqY0K9Zi9d8I3ZVJL1SZwk7bMrznjVU6Irk3-2FBUd-2FibiXQc9I-2BgW1NXL17HzsS0L3U= l2BSbpuEowft8MjULunlH4CWCWdjEpKMOn5CtKX9IxPrHBiOvSv2zgWsuGAyCM3onKXYV3jWQOZ= Sx0-2B9GRw-2FbJQK0REr7-2B97cHOJO0thBbL229-2FtwpoTP2I6vGQYiH49xQEvt1lSyghH5C= vZDpiOGU7x3dHIJQAkJe6Yn2-2FyQ-3D" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">Alibaba Group</a> and <a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= XOQbumqO689MNTCB6r8snHseIU6p3scEFU20DGoL3Alg-3D-3DY-FO_I3w5d9c01gkD8gLzFEof= ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz2= 8-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAW= Yv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSM= GZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIQ5ozkT9G2ZbjlIWsKEZPHcsgSFrRu= KboyeNh01sr4hgquPenwsOqHTATwpmF9MKmmTRq-2FlpWUA02hDCJ7e3El-2FsfsNcrrqcrvzg8= DkYpb3UKBRyjZB1omq1j5dauiaeYOZLTGolgjGL6AdyRzHnc5X9FIKyRNIAlyd4Ub-2BVtnPIev= 4ivDSJL2JDAGzq0vmFN6rBnE0rPgD4qs7PEU3Bo2DLUhWRgeLLl79v0Pw2q5eTkDEtnBYdiGz4o= eOiCPXKkNvWko1tIIu6kV-2BvIgwNvRI-3D" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Yunfeng Capital</a>.<br><br><b><a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzXOQbumqO689MNTCB6r8snHEK6QGiwdJUzZHlM4tcp9KA-3D-3Dy90h_I3w5d9c0= 1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNv= bLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxe= a4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runv= w-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEISm-2Bn-2BYLEHglvV= p5tjahXNbdH8whNiuEbPr-2BDFfm1DxaYW6EANlZNyvv94PB4GOwoOUolYdh8YaOvWIH6s7z7ZG= owHhr0LLJ0UzkzaWVd8FMPbczfOHTqa-2B3bZFc-2FPABdaOlQkePcyptk-2FRq0dFKZVgygm7c= exB0rspoLMIc2HehAR03TE07Q4bt0RpZFYDRf5eeulhxvMMOP5oxvttNa-2Bc7cmY9GmW1CUPEU= 6j6a9uvEAoECfWm1newI8hniWa6cPzGY-2FSfJh9q-2BdQOAx-2BwOb0-3D" style=3D"color= : #1D5080;" test=3D"" universal=3D"true">Aero3</a></b>, a maintenance and r= epair specialist backed by <a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXOQbumqO6= 89MNTCB6r8snHHpWI0fv-2FQxSbwPAsg38E8A-3D-3DFwIx_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jr= DE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr= 6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7U= sk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEISC-2Bi2jeFlJxXYjWKCxQ-2BX6DHdtBiQl7P= oJWGzAzRQ-2BEy4XpjDvVzxlufLU2-2B-2FpuSzY-2B-2Bt1yl8Bkhxb8KGESkizVHyYRlsVnck= 9ZoygVReMYSPSuV4AQMVVYYN4lquR1yQK0sY1h5-2B3YRsMo8duqxnhnKlWMP7WwuI-2Fdp7IiE= dMw1QU8DuuvKWb0ry0pAjnCUgl3bSvGfxlU1AXO8OesGSAB0-2BPtOLUWjMqhqAtdmhu8vLhzJ5= KRA9-2FJpZTvL1YRiCMyzOfktSUmqp-2B9WIdo5nc-3D" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">GenNx360 Capital Partners</a>, has been acquired = by Nasdaq-listed <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click= ?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXOQbumqO689MNTCB6r8= snHNPF8ZdPe8HyMJN3bhRsajA-3D-3DAL6o_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3g= J1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-= 2BWDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQ= yH9cwVEiLNysl-2FiaA6c3YlNEITNGjB6Yv0SOwSR1CuTU03DS39ebS4oFVVBkwGJ0iZvS0dPKE= Fv75fkJyZU5O1uK6d4Ff1d3bM-2FT6zueM-2Fyip8RIDdlhzlASVPoLgx1CYF8DVwApBhm1Quhf= oxRnvRBI3cYq9V8r0wYlp-2BHhUfjZp-2B1T06eOW-2F6qYOFLoRh5iD0aALwAnTcby-2F-2BuQ= 4WzPcsrFWcX8DF2-2FRJELdh6CdF5Op-2BSHMcxFnaz18GL5-2F6hJ2dxLb5P49eCSSVdjTXjsC= ucKQaJoUe-2FP5QHg8zE60GGlhg-3D" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">VSE</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">German= PE firm <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXOQbumqO689MNTCB6r8snH-= 2BQWUwjk689SbY21vfJnfxg-3D-3DMubJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67heWcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1= gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2B= WDGdIJTRu93MqNhsm721OuLyembOFnizfaVuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH= 9cwVEiLNysl-2FiaA6c3YlNEIac-2BOA7PLf7KEmJzAJxxTkmn4X5psXGoEV24ir35z79XNBQEv= aZpESVrd2tEjYIj9aim7dBwGqHePrpwLO111R-2Fn-2BRs7-2B03V4iggcZ888lKm-2Fqe7Arj2= xlgUU6PWXxbN0IlupxzSWDNgNjg6JFlR11i7-2BFWoA5cH-2Fvtfr0P-2F2QQX-2B-2FIEE7P9a= B1D-2FFElczRE0wUgMBuVmsGTKfR-2F4zQZEXRNtubhKEn3IKfJOhAqf8mlIK0kS9RI9COgkb5F= d6MIPByDWNkGRFOhoYMFhg8I3Mw-3D" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Armira</a></b> closed its latest fundraising strategy on =E2=82= =AC1 billion, including co-investments.<br><br><b><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzXOQbumqO689MNTCB6r8snHkd-2BH3Yyf-2Fq4TlCICAIW-2B3A-3D-3D6RET_= I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFz0O67he= Wcb9EvNvbLJNFDzONoz28-2B9jrDE3rb3HLvv3gJ1gSAin8DuzIrDCUM5FcYkrqmeSGBQYVdPvR= 5fQWXIxea4LW6Smw5vAWYv0k4Kr6f-2F7Gtu3b-2BWDGdIJTRu93MqNhsm721OuLyembOFnizfa= Vuj6runvw-2FDyjiTVSMGZvdL7Usk5o0NhWSqNQyH9cwVEiLNysl-2FiaA6c3YlNEIQDJ5p8h1O= IPIL1b3Jj2Xm83REuzWNH3c3uT4XDTVSm-2BWwR-2Fi8t55xvvqOmV73v9n72AUwM6jeUAvclFg= cgeu9ioM-2BXFF-2Bvl02mziBXf5i5zQOZS-2B8goi55aD3HYYKaE-2FAgaoouznj0RlSYmOwue= 6xJnBdfvFJac9CRDITMyVkNIp35HeZtkcx-2F6raC5lmW3716PDXSefn6soMIE6uHqOIBlbbpN0= xYhPlZ6L94F8Jp76BIizPsxrboBwQXfw2cJvx0J2c-2ByI3dnwxXp7BDqmH8-3D" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">Insignia Capital Group</a></b>= closed its latest PE fund on $500 million.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; 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