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Date: Thu, 30 Oct 2025 11:18:50 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: Ranking the hottest secondaries
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d morning.</b> Welcome to The Daily Pitch. The Fed cut interest rates by a =
quarter point yesterday. <b><a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C=
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buQWLJo8rFANcAq6-2BIOSHPwtl0Deti7-2F3pqyWg-3D" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Here's what it could mean for dealmaking</a></b>=
.<br><br>
                               Today's newsletter features our latest Globa=
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W93pg0dEmeaVxH639OzhyydH7hwrqS9uQBqV8y8I-2FmzjkQv5lkl-2BpE2CZw4xEk5U-2FryOj=
aOYhINe-2BLCaUkGyQbsPtdS3fFdmBY-2FET2-2BqPZoPvtyFZwkhkdpQSfkpcJ1j3AbxMq4Uw5=
NcGA-2BG2zYABWTOhoKsT9Q5uwFd9hBMDCXfwiRjPJHWWX38ULSLd27U8n-2B8UgQSYvsNWrVRv=
9QVuXKvIXLccFjbzmw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e"><b>the most valuable VC-backed companies</b></a>.</td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574147" id=3D"n_574147" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> The $1.7 trillion mega-deal bo=
om driving M&amp;A's rebound </span></td>
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                        </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%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Madeline Shi, Senior Private Equity Reporter</i><br><br>
                               Global M&amp;A activity rebounded in 2025, p=
rimarily driven by the return of large-scale deals.<br><br>
                               Corporations and PE firms completed 435 mega=
-deals worldwide this year through the end of September, defined as those v=
alued at $1 billion or more, according to our <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzWEJW4G4C1kb2oEtnSnQOZIUhJ-2FSBAJZVJZEBr479koCA-3D-3DQ84u_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9=
jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1n=
ND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZm=
GuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B27=
6xvVwHvHKoWJPlCDh-2BZoSFNXBuLVwJIanG7h1N-2BkqWjNebiSLxyhi7Z4DLtUTkXlmSLHIw7=
9LRlx152xRV-2BBvSaNRkkYkfPehr6NsyUTxocHEvvEHcWNRpAiPu5132PQ2xKSCpZh823snXMU=
TO6ygfzQgm8zyE3EzERN4LH2YZ71dhc7xPbCdBlrrcCxJahjt0DmzlXUsgb6XPG81dWmmH3XTt8=
B7NDkP5GA-2BVoUJIWB-2BJ6UGfCRWhvD5smrjNoWk-2FEcPxvq6Tvmg-3D" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true"><b>Q3 2025 Global M&amp;A Report</=
b></a>, sponsored by Liberty GTS and RSM.<br><br>
                               These deals totaled $1.7 trillion, the highe=
st amount for the first three quarters since 2021, though still below the $=
2.4 trillion total recorded that year.<br><br>
                               North America led the recovery, with $1.2 tr=
illion in mega-deals during the first nine months.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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                              <td align=3D"center" style=3D"text-align: cen=
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wGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-=
2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6U=
SeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJNEDis5CJZ86MCQwTsAb0uOxDSBX-2=
BwrVlXMei-2B3f0Jdua7FQAFhmHGcjAGkRXHsKxNEVq-2FScPTK-2BTW5YehaHyO2PBNKwRz7Y9=
9KIxGOQ64YYwQ6eHzPFda8KpmD1CJ0yiJT-2FCZgxI-2B1lJCwOxuhPtKCQRrwB8arjasRkEHaf=
uMsVL3wmr9qJRPrDdnNgp13M9MSTD7zzfVtCa3kqWaHnKoMFeFv43nO3-2FhGST6vMKUkwiQ9Wo=
xtWbFurApZOEGPA8s-3D" universal=3D"true"> <img align=3D"center" alt=3D"" sr=
c=3D"https://img.pitchbook.com/news/71148.png" style=3D"border: none; max-w=
idth: 420px;">  </a></td>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <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">The Tr=
ump administration's deregulatory policies sparked a flurry of large-scale =
mergers and PE acquisitions.<br><br>
                               The previously widely held belief that "big =
deals are bad" is starting to fade, said Garrett Charon, a partner at law f=
irm Ropes &amp; Gray. This shift is reflected in the year's largest deal=E2=
=80=94rail operator Union Pacific's proposed acquisition of Norfolk Souther=
n.<br><br>
                               In addition, the demand for rapid advancemen=
ts in AI fostered the rise of large deals. Industry heavyweights are racing=
 to build data centers and supply the rapidly escalating energy demand, bot=
h byproducts of the AI boom.<br><br>
                               Last but not least, the once-wide valuation =
gap between sellers and buyers, which persisted from 2022 through much of 2=
024, has narrowed, encouraging more sellers to return to the market.<br><br=
>
                               "The overall valuation environment is not as=
 punitive as it was in 2022 and 2023," said Jay Hofmann, the head of North =
America M&amp;A at JP Morgan.<br><br>
                               While larger deals have picked up, the marke=
t for smaller deals has contracted this year. Through Q3, the number of M&a=
mp;A transactions under $100 million dropped by 3.4% year over year, and th=
e overall deal value for this segment fell by nearly 25%.</td>
                              </tr>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
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click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oE=
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                     <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_573694" id=3D"n_573694" 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;"> Tariffs fuel bold portfolio sh=
ifts </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: 1=
0px; font-family: Whitney, Arial;
 color: #000000; font-size: 16px; line-height: 1.5;" valign=3D"top">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image" style=3D"
 font-family: Whitney, Arial; font-size: 14px; line-height: 22px; color: #7=
8766F;">
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                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"font-family: Whitney, Arial; float: non=
e;
 padding-left: 15px; ">
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                              <td align=3D"right" style=3D"padding-bottom: =
12px; text-align: right"><a href=3D"https://url6380.news.pitchbook.com/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEt=
nSnQOZIxRdwx5hlsEl4cARFCS88lg-3D-3DAaAA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8p=
Yh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSU=
O3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUt=
bgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPhD8rfxshb1wqeF=
N3HxRqshBlbJSDOtcQbXjK-2ByG-2FsSvXavfob3tKu-2Fc3ftpIt7OjZ0GXXMbLHAxvb-2Fscr=
iUQ5bgJFp160HKMXeRl1UYAdkSKvwkip0xtJW0HUuA814juhkPZ-2F4HLy418Xy1A3z8XBpqcKf=
uUH8bFeTYLsy7fmRvN-2BYMCZPhFKzsQybvbh-2FM0S2GySAcPiuWRNJF1t3HwzyJQvEj4BgytV=
bM3u55tL1u-2BPuQlI2D793HI1Bc-2FpUnc-3D"> <img align=3D"center" alt=3D"" src=
=3D"https://img.pitchbook.com/news/70878.png" style=3D"border: none; max-wi=
dth: 420px;">  </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>Tariff uncertainty is rewriting priva=
te equity strategy, demanding sharper diligence, digital agility, and opera=
tional resilience. Scale and sourcing stability are no longer enough. Fragm=
ented trade policies and geopolitical volatility expose vulnerabilities tha=
t quick fixes can=E2=80=99t solve. Winning firms now depend on scenario mod=
eling, automation, and supplier diversification executed with speed and pre=
cision.<br><br>
                               Technology is the differentiator. It turns r=
eactive responses into strategic advantages, powering smarter, data-driven =
decisions across the portfolio. The leaders will align investment theses wi=
th real-time risk intelligence and build portfolios that flex under pressur=
e.<br><br>
                               Tariffs are testing valuations, exits, and f=
undraising=E2=80=94but they=E2=80=99re also creating opportunity. In this e=
nvironment, success won=E2=80=99t come from caution. It will come from bold=
, strategic execution that turns disruption into durable value.<br><br><a h=
ref=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuyl=
w7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEtnSnQOZIxRdwx5hlsEl4cARFCS88lg=
-3D-3Dpv_M_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2F=
PlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2=
FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRp=
jeUoObqCv-2FKV-2B276xvVwHvHKoWJPd3Qn5D5c9EG9EaHuPn9g36CFbujmq2iXdxbKA-2B9cM=
9fU8PyMFO-2BdZsl9d5mY-2FCSmqyoyjhCScpIlXCA0-2Ff5PNXTrt-2FWZPcFVu7MivnXLX0eL=
FWwZVm9lRoGvnITWLJKugjlkcNPjbNoXqFWKk5DQNkwTeLqncHsVAJAjyZRUMeSpXiUOLAuYlfu=
G8iFZq1U-2BXbJ2S-2F7VorATy-2BTA5J2p6HtUDRD22NsPxQtPg9arhOYbfmn4S-2BW1rFuUmW=
dSjgzU-3D" style=3D"color: #1D5080;" test=3D"">Read more here</a></td>
                              </tr>
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                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
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                 <td style=3D"padding: 0;">
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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                    <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>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <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>HLTH USA conference</b>: Weight loss drugs were the big topic. FDA c=
ommissioner Robert Califf called their profit margins "outrageous." <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEtnSnQOZIlCoNtvwqLU1AhqIMuJoSi=
A-3D-3Dq_jP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2=
FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-=
2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMR=
pjeUoObqCv-2FKV-2B276xvVwHvHKoWJMJGscboiquqMIpeBZoPw99SrL-2BVyNNpW3aVkra9J-=
2FkDSYaNaRprAVe91KhrJbShTzt-2BusH-2BCUPtZODvLgTdOWyzh5RwNxYFuq0oYbiHJoSL0ix=
mO6wCybMID-2FDUn6lXyEmGU8j4adMMaxn8KxICnS2Hb7j82Gf-2FVTPYAQUlrVs0f1ZOqDycNM=
uNWRYc-2FemlckPNljArkEIDmepLo502ulFwO8pW-2B0Mib8BtJpfiRUXP1DPb-2F2fzheGYLRK=
xuVyOnA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b> Read=
 the full recap and analysis</b></a><br><br>
                               =E2=80=A2 <b>Morgan Stanley has agreed to ac=
quire EquityZen</b>, a secondaries trading marketplace. The move comes as f=
inancial services push to make private markets more accessible to individua=
l investors, including retail investors. <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzUPsU9QDoSj1wARhd9G-2B5-2BoLxfSiBsVtJYtOgdXBfqrng-3D-3DXDTi_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEA=
uKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5=
J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJ=
U4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xv=
VwHvHKoWJPQrnOV3ixymawKGi7pL6vb-2F-2F8MfTT-2BgckX7wD2t65zDcVIgLRGSDEMf4-2F3=
J05lEev2AvDadygeGlxYAKaEEI2b30wcxnsfDg-2Bu6gjXqXUrlZSjixslRM6GpU0Mlvr-2BCDh=
LPwu4LH8Q6Tgk0yVyqgo-2BLLb1Jj6F2OoX52IMLT9flfJP59F4t3zHvyK-2B9M-2F2ad0LeQqO=
CMxvB0mqmbpd-2Bx3sWiXnq4S0qZpI-2BcSMuhbONXqgvpmWdC2qtejeEf2pH9Q-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b></a><br><=
br>
                               =E2=80=A2 <b>Just out: Our Q3 valuations dat=
a for public companies</b> in the agtech industry. <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2BoX4PFDIwZ45X5jx4OYzKSdw-3D-3DDPYB_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2B=
p0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrv=
ddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYl=
uO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2F=
KV-2B276xvVwHvHKoWJMzPgs4g-2F3wEGHm0L0TnLzlBbAMkPiwzTAISCmmeVPEVy0qsukD9lVD=
1dh-2BqfZCD-2BoHg8XgU5YNIyMWgGQFKrlGuhQGQw-2BMQ1pBFcIx2ok0QovzC5KFPY-2FwLQY=
nQ2RBdHocY4fBi8-2BkzUhZehmt3T6SMqoxwn3PArzgfqS4Xy1SfM0KFV4WEDGfiV-2BLMkSypa=
-2Be7M4Fg2urA3-2FLaDBjKcfEOlLRIQE7ZINtPi8LTfaifjLPIhgxqhQXvbzY-2BRtwJa8-3D"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Get our analysts=
' report today</b></a><br><br>
                               =E2=80=A2 <b>Astorg and Nordic Capital are s=
elling Clario Holdings</b> to Thermo Fisher Scientific in an $8.9 billion d=
eal. The sale highlights a record increase in US PE exits by European spons=
ors, with Q4 already being the largest quarter in four years by value. <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2BoZEJD1tf0XIB0gS=
IJzvs58g-3D-3DEPOn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykM=
c3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2Frq=
J1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMm=
NAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJOrk32m9SNep6L4UPhZ96MXifPfyPUG6rbavw=
3gaV7Y2D07s0v79l-2F2JGlJ18TdauiLqmzweHXFiqDgEqK6pdrHmRweozswenyEeqdT1BSdhmW=
kVn1q4b-2BrGAZHaZ9AFnX3dwHaUaxR-2Fb-2BgJgtSfIP37pRngU6maP9tsA6SNYd9NSqGPxxW=
bbli1DtShJdkRKQ-2Bb8E4xVgDe38AERm48eEdsO6blmSGI2mzjdFEInJfblRpGO9e5SODKrrIl=
Cgo9xA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read m=
ore</b></a></td>
                              </tr>
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                            </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>
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                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574133" id=3D"n_574133" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Betting on the next mega-IPO <=
/span></td>
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cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEtnSnQOZIX4LEsgzVa=
bxnceE4WJaaUw-3D-3D_S3c_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwG=
VhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B=
-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USe=
TcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJMB8l-2F-2FF19NTj0R4R65XAdIBuY0k=
xMQHDtysB3bHe-2BbT1vb9H0rKhglYmYRbKKgGvBvZmCjAXCaAo3-2B05g4PNMawTTDDTs6sKuE=
vqyImJJIX-2F0hDHFRrzbIrLI-2FfsObpfgvzEeJq-2FCtIIV-2BDGCGAjiNt6bvNDL26iz0b5o=
KPesOCgpAp6Z0UqDHShk2z6Y138Lci6K5Mgh8k-2FccBcNSzh00ygfPm1GlkisH-2BeK40pKgwT=
g3Sy9DUGiIZ-2FYcOyzupgg-3D" universal=3D"true"> <img align=3D"center" alt=
=3D"" src=3D"https://img.pitchbook.com/news/71143.png" style=3D"border: non=
e; max-width: 420px;">  </a></td>
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                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                              </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 =
James Thorne, Senior Managing Editor</i><br><br>
                               The IPO market=E2=80=99s burgeoning recovery=
 is restoring some long-awaited liquidity to venture investors, but it=E2=
=80=99s also highlighting a less flattering trend: the down-round IPO.<br><=
br>
                               Meanwhile, in the fast-moving market for VC =
direct secondaries=E2=80=94where stakes in the most coveted startups trade =
hands=E2=80=94the hottest venture-backed companies are still commanding hef=
ty premiums to their last primary rounds.<br><br>
                               Consider Anthropic, which raised $13 billion=
 at a $183 billion post-money valuation in September. Its estimated seconda=
ry market valuation has already climbed 13% higher, to $207 billion, accord=
ing to secondary data provider Notice.co.<br><br>
                               The PitchBook 100 offers insight into which =
startups continue to attract strong secondary demand. The list ranks the 10=
0 most valuable VC-backed companies, pairing each with Notice.co=E2=80=99s =
latest secondary estimates.<br><br>
                               On average, those companies still trade at a=
 14.1% discount despite that gap narrowing by more than half since late Feb=
ruary, when the rankings debuted. Notably, IPO hopefuls like Canva and Disc=
ord continue to trade at sizable markdowns.<br><br>
                               Secondary sales of startup equity have ballo=
oned from a niche market into an estimated <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzUPsU9QDoSj1wARhd9G-2B5-2BoKfhtZOq-2Fjhj8ObFwGyVOxw-3D-3D0VMe_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi=
9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1=
nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZ=
mGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B2=
76xvVwHvHKoWJOw-2FX9Sr9f79TC5g7eqppKi1A9xMdsBqC7A2njJ0ukW9avo98koBsiwUSNYGV=
GnlGzG8HHmCnVDW0OtbxSomgeGo73IZ-2BY1xsMZQv7rfHUWJ5LFhY-2F1FqLxVDRFYEGublxvh=
DLYrUjfiiONTB3xgMbiSX1lDBO2k9Lk3EyOjFXexFGAwgDvt64gifsP8MPeVN5JUsEWVY-2FWRy=
ySqRdplRPwmMabcEshYx2KlNjTC9Mq9GL0Nqcr7m-2BRs5N3rr2sLsc-3D" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">$61.1 billion industry</a>, as liqu=
idity needs=E2=80=94and investor appetite for names like OpenAI, SpaceX, An=
thropic and xAI=E2=80=94accelerate.<br><br>
                               Investors will soon have new ways to access =
private companies, from private equity exposure in 401(k)s to indexes that =
blend public and private companies. As those lines blur, secondary markets =
are offering a preview of which businesses might define tomorrow=E2=80=99s =
stock market.</td>
                              </tr>
                              </tbody>
                              </table>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUPsU9QDoSj1wAR=
hd9G-2B5-2Bomm34nvN7LOj-2F6AKbG2ZrMw-3D-3D7xKY_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr9=
3Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt=
-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0a=
MnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJOiNClJtb=
S9eubfNPc9VHGNwqZH5RyQ5jaITbDs2T41dIG94-2FC1n65ABnGVYgMcCLy-2BIkbttKYuLAzTD=
ct0-2FWE28GxVw0LQyncFv5sUP0l9w4-2BxlzYjL-2FligUZOqaiPjGfVCHygVwrzhQtHAZ0xnE=
lemCF7xPqmkicV3RZNtiXamorRKGQ01bVs4-2FoiXrHix8zLEair0fZpNXTwKwM-2BfIbuRSnKC=
hk9ynVhQP6yRdfW6qD2dA6mWDt8-2B7E-2B2Ziv1uM-3D" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Sizing the US VC Secondaries Market</a></b></td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
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lign: left;"><span>Side Letters</span></td>
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>
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dth: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>This AI startup is blocking peo=
ple under 18 from using its chatbot.</b> Children and teenagers are especia=
lly vulnerable to conversational AI bots disguised as companions, which has=
 led Character.AI to make changes that phase out chatbot access for minors.=
 [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2BomWF6dP3-2BtJ=
CTjTRJwF8-2Bww-3D-3DzHKE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5Uw=
GVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2=
B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6US=
eTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJP79jR4n6f2iF3M9ACsNYG-2F64ZD4C=
lhl3CwH5S9baZzO-2FDDZpNHnCDEmghmXmvz4CpKTQzSsutboYO02Bjb1aNQCQjX3ym8fZaTNX7=
y9y4cuMcS20Xm2BO2C-2FpAL2kOD7BbsqokoAHouTVb1oREL5So6yYY9ENl2TsihW72Enc2s4Kh=
Db8K07-2BeuZGMbdzv8CnB780fdrG6qr9tLs46CT5S0ia3KEb38Xh8VvoI1SNgajwtWgqnMbYov=
q5pZpY8NV8-3D" style=3D"color: #1D5080;" test=3D"">TechCrunch</a>]<br><br>
                               =E2=80=A2 <b>SoftBank's Masayoshi Son is now=
 Japan's richest person.</b> Read more about how SoftBank's involvement wit=
h developing AI infrastructure in the US has paid off. [<a href=3D"https://=
url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2Bof7ndctQXf-2FuxQUNhck0oYg-3D-3DGFG=
X_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a=
-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99=
wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnzno=
CYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv=
-2FKV-2B276xvVwHvHKoWJMgdoZO7d4FvhCWMKkvGMqNkxV97SNcz4BVZsQ7iHqSjLBostpxH0v=
Ofz38z7rupTRo454X-2FXqRUNC9xyY9tMYO4V-2Fw5YCHY52cM0K88h6dLcXQ5Oo-2B4DZsyYQa=
32s-2BS2WMbGpvRiESWqQPESfjz96lostH-2BO8XO6S91EEpQZdB-2BLy2uDj6cDEhjZmzRDJ-2=
Foh9MEeQ-2Ftq60nrljro3Hn-2BTj8TRP5YOuF-2BFxJg8kZXc9qrKzdwj7lb4ELjhl2IgqGHk-=
3D" style=3D"color: #1D5080;" test=3D"">Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>Pew Research Center says 70% of=
 Americans believe higher education in the US is going in the wrong directi=
on.</b> Many people in Gen Z are choosing a different path, with factors li=
ke tuition costs and a turbulent job market turning them away from going to=
 college. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2BofBY=
VHmmvnqgi3AgfqRk5nQ-3D-3DLKnw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2=
wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8j=
tg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP=
0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJP21-2FiLYiVk738f9pE-2BTIc=
eYPm3MrOejV1tpbGTV7Ud6Ds1E0QbvjL1LWj-2FutYgL97kcSNJeY4tWRqPPmPke1rNV-2Fkboa=
g7Cp6-2F1eiQ7sEdkk3n6xwyW7aryWL7qgQFmSBnP9z90tzg03h2CKCR0i0uNDrNHfM-2BPwo9s=
oZI0byXCcRqNijs9R7Ya8vmkAeYV9O0K8rnRdPOTrMXDelmXE3Zge4QRgdAZLHvFdL7fvZvWGKU=
9MKotrinITOhO-2FOWMy4-3D" style=3D"color: #1D5080;" test=3D"">Fortune</a>]<=
/td>
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                        </tr>
                        <tr>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                                        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;">
                              874
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Deals
                              </div></td>
                             <td style=3D"display: inline-block; min-width:=
 24%;
                                                    width: 24%; text-align:=
 center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              2847
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              People
                              </div></td>
                             <td style=3D"display: inline-block; width: 24%=
;
                                                    min-width: 24%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              958
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Companies
                              </div></td>
                             <td style=3D"display: inline-block; width: 23%=
;
                                                    min-width: 23%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              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;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2Bow-2FMI6cM-2BimmHluP1EGbnKw-=
3D-3Dd5Ou_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FP=
lapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2F=
eZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpj=
eUoObqCv-2FKV-2B276xvVwHvHKoWJNvHeO8JwdUwB-2BZyz8KfOTYJ3OgqW7LYPwNgXrRS26jo=
5ymEYliD4E-2FuI3RZEYp8MXrLAW4xasJh6uLzbAfhWDo3Bb6TZi1OOKWdltDPjOdO1whMwgJQ3=
96U7G9aruGUan8MGODg3huw37iQtnB-2FDyWEFfeBejD-2BxpitI6-2FWZdTbaBgYMGIB5FF1U-=
2FiPQn2cLjg8Iu2pXkjM0tdeJyrCbIaMxofLm5BSxmyYfeDWoH-2FfT4AxgGLJEitwQbpS72nR-=
2Bc-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;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574139" id=3D"n_574139" 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: 2022 Vint=
age Global Secondaries 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: 56.436441816715934%; m=
in-width: 56.436441816715934%; max-width: 56.436441816715934%; background-c=
olor: #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">21.00%</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">37.21%</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;">
                              0.04x
                              </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=
swouzX1ZW8SOV-2F5NgWc-2F1TFFsLBjVEYjNdoxjXrWN7TLDaSXA-3D-3DmAcE_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEA=
uKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5=
J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJ=
U4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xv=
VwHvHKoWJMwa93z3B75sFPxYQm8e5fxtXXc1uODavtkipFCyTsySzVZqXBuOXS7EkCqsnc6fmtS=
RJFWf-2FGIahcIGIqo5NkMFUYKu9mLUVNslSpo5CcXV7AI0HrgZRNqMToElwLwUTjnUV-2FedLW=
3mkfgx1Xe9WaetSdQjMjEdixJ0NfMR2BHYKAhq8-2BpCTCfDzp3izGAKI2UftyuZUeqeBo2Qt4O=
F0PtiYzn8z4o4YMnyi-2BYNTqJe1NVJfhtVPEzr2u0pT4JtHc-3D" style=3D"font-size: 1=
4px; line-height: 24px; color: #1D5080;" universal=3D"true">TPG GP Solution=
s Fund </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzX1ZW8SOV-2F5NgWc-2F1TFFsLBT24BKRpWh4yBAjZvLjl9Ow-3D-3DjLqp_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEA=
uKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5=
J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJ=
U4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xv=
VwHvHKoWJP3olORLSQeL0EIzmjPdYEB8hcKTkpT22iovtfAJe6zrXR3skrQE9nsW6vdYw8IJTyM=
CtMfErJSEM5dkceZBKt-2BomZIlG8wXwVbvmzoS4IKzNU9je3-2Bj6FXuyM02cI0PaZTmHa6qIq=
zyOPGQ7bqPBv8KYI64TvWRkxUN4hmUb51e0c47dp3UzyEZCj8nxGMhVz0eSSOz5bXZPuECWAMzY=
q8DJdQCcKGJNN8v5ni2he5Mq60BKqq-2BuKoLlQ-2F6s4rK3Y-3D" style=3D"font-size: 1=
4px; line-height: 24px; color: #1D5080;" universal=3D"true">Secondary Overf=
low Fund V </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=
swouzX1ZW8SOV-2F5NgWc-2F1TFFsLBUxbt4JUmGvlsisu7FPDDeQ-3D-3DslsJ_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEA=
uKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5=
J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJ=
U4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xv=
VwHvHKoWJPGvXAI4tlyY8Cr5bQkjhqVkoZ6K9j6ScvtEgXeJRFKpvB71StVQE3JJdVR80D-2BSh=
qeOkWvbxzg-2Fz0-2FZiCkP-2FMR-2BsNGtMCz-2Fiv0vpfbrfiQJ6-2FOTnq-2BjdKlhF-2Frb=
VMPBBX1dQCE-2BpNYN-2BTIU6rYeoaONUTsjR8pSIhwgtWHHuRPKwOykUE9pI6GhBYaxerxgj-2=
FIRbIkxLOyhxTJBjWLtAK7eUXPnFtpWq05RNtFWqtagQhEroC81fl-2FXkB2xCoaywc-3D" sty=
le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru=
e">Dover Street XI </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-2BaqM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLBz6=
WVqdkp-2B2F6d7n6nyKX8Q-3D-3D1365_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy=
-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1=
aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbA=
v8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0=
fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJM1NwoIaysCbI1hGP0Zc0P-=
2B-2FgvnOhP3BIE5nMAvua0jKOpmwLzcZ5XkrHSzyVHP1h95rtm-2B6z6VohBadWXXNzptTdsuZ=
s90bh7zK9boWXQy9-2FP5ipOBEMR1YEjCqZQHAfPM1I5XiZAPHWsR16kbj2Jy2M4YNRAL-2BilB=
jti3oEeOZSIl8tKsbOG83PRKhyNfZjTGFackTf3AatNljWiEaoINxONCxsS0uhFlgbIrSzonYaZ=
QST4se3JebtNrp-2Fcm17I-3D" style=3D"font-family: Roboto, Arial, sans-serif;=
 color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" uni=
versal=3D"true">26 Funds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1ZW8SO=
V-2F5NgWc-2F1TFFsLBe3sehY5y38CYxThfsJ2lIA-3D-3DtSDS_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4k=
f7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu=
8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt=
-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJNhf=
QmbBWnMNjmXEsqInbxCaCcY4FsjaYGMfMpLGl5s78D5iStEcQsvJ5rqMEECy3NScrffU3SG7q-2=
FbivF4MQhvOZsYt52EVe-2FgJQtrv7WwnaihAFCusKCRirZndor5RmdeiImstJZwRzkOGI7OCo3=
hc06PttaM7JzvhnmffKz14YHRfbprGEsGmXYTII092yioH5UkXuvih5LCmkU0aldSXsfqAOPweE=
PKByyYI4Yg4VqWkuAvjMytvAvJEf5dkkg-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">PitchBook Benchmarks</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLB4gGOV1UQ4RQVc=
5RGrvsvSA-3D-3DCWv-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhyk=
Mc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2Fr=
qJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjM=
mNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJNn9zq0bmEtm2llRHnJMcJYNi9XMyJ-2Balm=
aLaAJ3q3kqSWACrhsGO3-2FI0fKOrYLtFBRwbpaF-2FY5-2B1ePoi9nkyMf93EXDI5-2FG2JDO8=
nwoIHa4KlqSrxucdOG5zFKhuFOXVvqsWtqBtI262taoucE4pfIGrXdZ-2B2XJkGqnA4I082qHxu=
GvaeK-2BDRyfUwLeFX2NtJIJK8zrj6RRHsQdre2Utv38BYN8DZi9Hg5-2FwT9E8ddC5nElHXdpI=
PIpYVSsBdFF04-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Th=
e Bot Company</a></b>, which develops robots for household tasks, is raisin=
g a $250 million round led by <a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1ZW8S=
OV-2F5NgWc-2F1TFFsLBUHic-2B2EqrI7QyLowrpgv2Q-3D-3DlPdG_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoW=
J4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5At=
Awu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzB=
ddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJ=
MO0GTQhj4jMGUnDGzP2XmNGIE3J1JGGVXSqVC9chOQQXoUyCZ44H9esrfmufPZgwBE6QsaNLSir=
5BC6L58ZOphIxSH-2BfEDQr7B-2FtAFKnJnc3glcaXH4opmbw9NFrYcn1WFOSBXBQ9oKvVTphgq=
Pe-2F7-2BADZK-2Fw94IY7q2APWV68Y8AwBwJkbCpi-2BdkoUUVdkpU0ZzyEUSk-2FoBOcOfZz5=
Xv-2BiM-2BXCfIu9uTWd7rwcX-2Bi-2BpXfhVKiDUh92xhcXcYqHUw-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Eclipse</a> at a $4 billion valuatio=
n, Bloomberg reported.<br><br>
                               Legal AI startup <b><a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLBExcKHFwUayOf4KTzQEw8tw-3D-3DVfWd_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2B=
p0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrv=
ddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYl=
uO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2F=
KV-2B276xvVwHvHKoWJMYtMaGmUBbMcnCP2xCBCLqgbfH-2BndiFRg-2BTeOKkYSKb7eDCkmoVg=
eeULLKR-2BpETeY4WCiX-2Fr7aOwr3gGEgdpXzkRSl2sIcTMQMKbh6dCcomR4rl9oznigoAivW7=
zTXIL7o88bZm3-2FS0Ixub9WvgckzGpOJQGOrSqJBe8kvwn4Td9MlkfbhB6Y8fAyzBjtJhXAAwC=
p0UZWzPlxehbJPC1jGXnILEJvvO17K3glPU-2BfqgtsPxRxf8k3TfpX-2FwXku9o8-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Harvey</a></b> raised a $=
150 million round led by <a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1ZW8SOV-2F=
5NgWc-2F1TFFsLBGYaKV-2BPgVMx9rDviQMg2vA-3D-3DDOMP_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7=
tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8E=
NAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2=
B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJMMuNZ=
aJjS9RpjKjxaPToWsdPYKkagU0Oyv5du21crrB6SGUr0DGv4224K8Tv4GPJVOjsxMNUvl6t4wqI=
GiDDsP7qsl6ysFG3aRSMTyk1b8lYREIglLoMszXbUZO78a1exM8Mef-2BQ47eZDk5vpIL2UBQAC=
sYRAtoGqDG44BRTMZ6-2F3KOkEuVQ64IHoYZzF0SU86Me1p9JslynNSwdQnor7BtXT7gJx-2Bkh=
sSr7wtMUdipx-2BSAHQFppGILrcen3lE4bA-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Andreessen Horowitz</a> at an $8 billion valuation, For=
bes reported.<br><br>
                               Cancer-focused biotech startup <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLBW4M-2Fcy-2FTuoTuZxrk=
nem9Hg-3D-3Dr3TO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3=
BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1=
ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNA=
R8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJNrhfnrkpW-2BWyFJITnf6T96qoM1wTbYViOxv3=
IGcD-2BmnyjqdM86YconUrVx8fFJhu7xXf-2F3hSsnPEN-2B-2FKteWP72NNKPo-2BaCz9z3AGl=
ee1UcCp-2BxM2bgqDkLkos9rQvq-2BdAr0C-2F5SSm9BUPSxUBv-2FRHx0-2BfyzO8gc9xWRptL=
vzEVT3FgrHUv1ZJzdiilD1WTK7o-2FXdDRgLpYFLLpvQSy1LtlEYASg0aPfyWYbqbXhxJ3-2BQ1=
sNhqhDpY3d6RqdB1cpWo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Pinetree Therapeutics</a></b> raised a $47 million Series B from inves=
tors including <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEw=
AeAersuvozWNGJPVWCOlmZQ-3D-3DEZ7l_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws=
1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxb=
Av8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB=
0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPuM4LRlDJP-2BQA7HJv0y=
GImxVSv-2FVoLRPeGPTTyU8QXdFt-2Biyr0Fh0p4-2BOlsj4rF3lV500YfV-2FKPI3qbM5MrgGF=
RR-2FlTOKzCMcgIoFqCggsUGvMNHiCC6eio-2Be3YkbG4LNuLOqfZAlhwsyUUUCgW5bily6VDdM=
1elW-2FUKB6kSJZN2CCdHFG9jNz8WD85dh0nW01-2FtP1tI975jN4-2BQdDv2vJoOcOrM0893Cz=
cpq5HLElxNs7gjghm3-2BrK3gtEngRyVg-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">DSC Investment</a>, <a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzVLVRQGBRRgq2Wm57PMpEwAsc0d32jL6jOeNz8iEc6-2BQQ-3D-3D5VGH_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyV=
wUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGv=
L5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3B=
aBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvH=
KoWJNA6xj7P4KddtcaOKdI2RFyPvyWhMdPJt7eJsiA98npceZxhamJl9bi7nmwr8ikunW8Ic4Zn=
NnPWV1-2FvlmaNCBhsmjgtE8f2tVq7-2F-2Bnv1MMNN9XyNDNTcvNgqobca40M58AIw4tvs7kX5=
rCYtR7-2Bpe1ZOloHKsudhtzUmr5mudF-2FCbgoJvC-2FgC-2FdR3ds7mdSwpIpbyeLMPackFZW=
I9dRlP-2FPZVg54-2FQPrqYxFXWmOZDg35lP6jHBTkB3uxEdeehHuc-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Widwin Investment</a> and <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwAqhJmkN0Y3qjvuPnL-2BlkTyw=
-3D-3DtOAJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2F=
PlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2=
FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRp=
jeUoObqCv-2FKV-2B276xvVwHvHKoWJPvmzjsycnEZNtAsC6q-2FZMVGkTJJHCUC8evZlr-2F6m=
GMF-2F4Bi9kMIR-2BdJOIDvjxnurNpeuhqb-2FJkzdSOoe1vqgOVQEGp9-2BScLbLWfFRfEDlVx=
fo3nm44FGDif7W4luViEYypYN5V1V5j0UmWYWo-2FV-2FithTgc1ZX2R0zAMgczmb3iUY4FuacV=
4ojyoOSfoJQ-2F2be4PtBOKbz15kVf-2BqOTkGxA3sDfeLtocsFDBqMH93LjdWqBWLcCRcU3N1j=
BkMSp3yA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">STIC Ve=
ntures</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm=
57PMpEwAGT2-2Fg6frtxL5vOTioiwAPQ-3D-3DGscQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1=
t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2Fm=
rSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDu=
PUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJO-2BIPS-2FsG=
-2FZoUXxdfMRo7YF31xl99-2Fx-2FWQeTa6bMdpGGIh0wsvvH-2BhRqi31A4FWgB9b3WA4RzadL=
nQbisecr6OML1RWm-2BxTsPFVcqOaxXSPwH2P47ubsjZsOLSZaOi1LdyESjkRfAV5nM0Al945uF=
o0uWy0TT4Gnx6lxjy5onoo-2Bi3F6X57WZ2SYUyB37zsAwCACZN-2FLp2yGy9LfbKE7qqKqrH6D=
xEmXF9x4aKAsCny78O7hzUdl50p7ji-2BaR13Jzw-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Curve Biosciences</a></b>, whose platform helps mo=
nitor chronic diseases, raised a $40 million round led by <a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwAtGv-2F81VfoCrB-2BhXelyv-2BGw-3D=
-3DGOUf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPla=
pITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ=
5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeU=
oObqCv-2FKV-2B276xvVwHvHKoWJMHkvcD-2F58cy4HDk92VocDMHDtHupysFpwUoXoWjKCF4b-=
2BXdvbuDGKwsw16gLsESf8myLHTs8uWNWg0l3jDCofkYHPjOmEhTU3vanm8-2FqU57cgO2QYjD-=
2BlfOlmx6cC8-2Bm9xWpOYy8X3FyZGYIdL-2Br6thnAfWO67MNplIShxBf2PHOZMzMlAzlS4OCX=
ix7KLn-2F6u4iHfWW5PtSYZ-2BZhdjFTPDGnsNCd-2BhqeyYpnxQ4z4J2LDpZadz-2BYCjhO-2B=
iyPXiD4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Luma Gro=
up</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PM=
pEwAwQu5hU5To-2B4iX9LwUR-2FPRw-3D-3DczLh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8=
pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrS=
UO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPU=
tbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJOmtMcZm7P2mgBQ=
LECNpMDoedlsxJIi0OcbMqOGoUtW37GyitTFubRd4PWGcAAq6trO3QxAOHC-2ByHz-2FeO8OYwV=
-2FSGHXlxAkuXfdVF0Ow6-2BOU5F57fiZld0hh-2FE4brbJkYCcTezpB7ta-2B7MxT0pYYgfOk0=
9O4Fdn0-2BxH-2Bvj-2Bdn0bnHegATAJQMmnavSvyM-2Fe6EZdSDO6nNWUwd-2FbnaH7RHq-2BD=
cauKgX8oDwz7BRrpkZdR1s4bzC-2BByuo1KtyAgPOkaY-3D" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">VentureMed</a></b>, a Minneapolis-based medica=
l device startup focused on vascular conditions, raised a $28 million Serie=
s C led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwAh=
ViSQNIWUcy86DyMAxItaA-3D-3DTRHJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1a=
S2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv=
8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0f=
sP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJNZEIr8InhOxju5YCVQnBfnp=
v4aPWzYfeLGeAlD9ZQLjEHlEdHSlaJZvB7fJodpZXVUNyaqhry9HK6kY6Gh-2FDkuP-2B3xpWab=
4Z1vn9-2B35b1IgizhLeAqSoX1y7HJuv0MSOVR2JHptI-2BsmR6G39NGZRiEF-2FeoGoTriqnrl=
p840zOada-2Bv5tkKC3H3X7OORMMf7a-2FrpcxjjJdmmJO6BLya3KX9Ed7Xzscomy8HYDbd5qLS=
Tr-2BWz30xE3MUyADz1q-2F3a9k-3D" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">S3 Ventures</a>.<br><br><b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzVLVRQGBRRgq2Wm57PMpEwAGNUgiBEp71dQypyHa0LffA-3D-3D7xyw_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVw=
UoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL=
5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3Ba=
BzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHK=
oWJOrgw8r9axtmoE-2FjwZrdCIWAp3muSXqe1Pf5BX1Qni4TU96YuXwko59zxv3Ac7e6yoN-2FJ=
OqNk7zUcrUJ1eDP9EdI6sP-2BtHUT066IQpM-2F8W9gbfcRvmUFLdAfiDqNTHAXxpZxSTcZxXDw=
mNRJm7DqVKJvV-2FE-2F9HUyyLnwRXVhOXhCVdoIg3KL98hhEQuDoSIM7NRVscxDW6-2BUVEdPw=
woZBHmjBObKPU-2B4mHVjOB70gAA-2BBvIt0vmoCPAYzKHSLPxODc-3D" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Indomo</a></b>, which focuses on deve=
loping injectable treatments for acne, emerged from stealth with $25 millio=
n from investors including <a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRR=
gq2Wm57PMpEwAnKTdr-2BaL-2BrJWP8-2F8CncCgw-3D-3D1d4j_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4k=
f7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu=
8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt=
-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPMu=
djxM4IuWuGQ8AbQMSCPoi4TIUjPpMgpi2fhBZ5orGT9dphg0DsqQYffV3IU0GMfNVj9a4OLnRmv=
1kD6b5eCbAfHOkdxLoNNsDjgKHc6ASrOkmWeUSdrxe8ahgAstE1VUeRBkTghCXRWsLWDRhbnqJE=
nKC4gO3Fm-2B-2FlVslLvLJ7Yi-2FoSAzZ3wFbuKP3wPkyo0IV4SY0kpvu2n8hYEAmXgGdF2ZzQ=
0ZqAQ4FPCbDXf4LlLTuppgYX30Rj4ARwbZI-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Atomic</a>, <a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVR=
QGBRRgq2Wm57PMpEwAGHhqkEbJPLD-2FTs0XYQfn-2FA-3D-3DLZlj_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoW=
J4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5At=
Awu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzB=
ddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJ=
PQYStlxrHT94hS3ByCYtV-2Fyo9WgKJwerd69DA7R-2F5tMDZbv-2F82OFaYexeSimJFeL1Dwec=
2Akk8trYWicOS6br-2FDKVPTwp-2FHxhtjEFd5B0cc39cCJTLGileZZQS-2BWasDBEIWyib0ix6=
Rzop2S99JijxXiFmx7NLQLjtfq4Fbo8jy-2FcjgzTYzun7Q7f6xdz4t8a50UiDxUyMvBT9ixDbb=
D8UJRhlDTlcnq4BJgzrujCYAcnuv1K2Izt8cp1IYpxROS0-3D" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">Foresite Capital</a> and <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWjbhEQg2kFDUAY2bu1xGZMg-3D-3DYtz0_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2=
Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wr=
vddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCY=
luO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2=
FKV-2B276xvVwHvHKoWJPmNYlzU4j8o-2B9g5VMuCtzNM-2Fg8NJyUkp6XQMdfWOmvItfkCfMFM=
GrFC-2FtWVM6d1UuS5zWvjAJgZgJLFdzo2o50pvaP45OU6jPOwXmMWBeJ672Zy7zJqTc-2FxLZi=
3lLegWi7eSmgxe-2Ff74MVcbQLpLvKq65LXY3kkXjKgfn71qr7HMp89LMNsVe4MOp8h-2BCUInt=
h7VZEwBJSiuACD-2B12TD7ZWEmOLGNCP0UmpjGpkL4wzzTEW2d7HGDI1W5NP6itXus-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Polaris Partners</a>.<br=
><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWS6jnf5=
tN0l1VvbDr1zup6Q-3D-3Dpap0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5=
UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6=
-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6=
USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJOWgbLesUKtIlHsDVMJAefF-2B921=
w-2By6ct2Vqzi5NQ5hcl6NzmB79axLsN3iM-2BOJ9CnCC5phkp-2Bb4oYTiQZzBjsvzcPoprhgZ=
KKOJLZuqyULSA7-2B2WnU7MW8OgMxAr9CfHey-2BTUZZVxY6vfshqQVWTUnhPz-2BOHun6fWSkc=
7VQvoown8QJFDNrQ6Mz03oUlEWyScaomklgcMgZwCMG-2F-2BjzbtWo-2F7NSe3LwQ2utGPZX-2=
FiMW6yKSgG5Ed3x3zYPzkXluaA-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Reflectiz</a></b> raised a $22 million Series B led by <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWt-2BU2lKsYxq1Mdb-2B3-=
2Fw2C0g-3D-3DpWQZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc=
3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ=
1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmN=
AR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPFBKAj2Oh7qAS6Am6R-2Ffjfhi8nPhEx0wF-2=
BZe0Y12QEC-2FOxrunaz84Yw6uDod1dETax9bu-2Bg4Ae-2FCCpvwWVPUmnlpEYaNkyqmHEWDMj=
qk090UqsHuDOM3h19hq-2B7DcYBFVJJlx-2FpfIJbXo37nJ-2B9Lh0-2BctBAwQgpuUsQPBHOw4=
LoOyOy-2FWpAceA2I6h0ZAF2nZafJveJIEGl421sF-2Bi0hqHHF-2F-2BTwsoR9P04EwD74L2cu=
EJFkpHapCwy3WNQEhq5-2Bw-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Fulcrum Equity Partners</a> for its platform for website threat e=
xposure management.<br><br><b><a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJv=
t90Hyou7P1mdx2cWhPmp4SPWdIeJYdJPwzWr3Q-3D-3DlGCs_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7t=
r93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8EN=
At-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B=
0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJNRVZrk=
yjmGUlQ-2Bzke1aID33AjxQr-2B8FMi5tp0frXpiMrd92RpcnthlDcA-2Byp7Z4vriJPsCC6C0F=
t-2F6yZplrgy1ZuQeF0Yb-2BplpW6owhQAe-2BBldta7WI7GdhZ-2FygI4NOuNenwulzkMf7rVD=
4-2BD8otCkPkb0w6igXKBjPQ-2BZzkS2pPIEQ-2BN-2BZndedxPvII-2FWlcSaLpc74SSgWFNy0=
vuvmBpXnNK5JBgf8Ga-2BqXnge17JVvNlOl0dA4-2FVZa61-2BYPqZ14-3D" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Arya Health</a></b>, which develop=
s a platform for home health administrative operations, raised an $18.2 mil=
lion Series A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P=
1mdx2cW9atEkFUznv08WYau1L7-2BYw-3D-3DOHHY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t=
8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2Fmr=
SUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuP=
UtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJMKdi-2B3eYVQg=
HmBYtG-2FpHY5k0ovD4ub4TRHMyAHjkxzmiedJCDYjHDwy2TGz3m1vTxIP1hPY0-2Ffi6HIWgae=
JtXhw9g9U-2BVgMc8ryKyKgaG0Fj930dzhb9ePf3H0kDf5K2bc1kUs8qqg0Y7TUrrviAwsr1SoA=
w3PdBuVNgBh3UnrxzeJrVU664C1ws40b-2FFd-2FeHYPvGb7DvKE-2BnSkYI4t-2FDyN6cRKr2x=
86lg3RsaOLhcUc6EPlkAd3J5rwBvdlwyaa4-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">ACME Capital</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cW-2FUj7OKGP80lXtGo8-2=
FZYUJg-3D-3D6pj5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3=
BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1=
ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNA=
R8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPvRZYvI59u8tJV9-2BvJWeUqzQGk9gbL-2BULi=
SwOOOpPuQtJkh-2FqvmVq1zss5vzrsG0H-2BI52vEKM4tw308RQJ0xhLtm6C3JyKiWeDPLCmENu=
Qq0UG7-2FYn3X2tjxTD-2FXTpSM9dJAA83HptTL6vERo32tEpt4xVEq09nMdNt3Pp-2FnWaBH5s=
Rrl25C59YS284LP4NnZBIde7GK9cv3948OLdCYDEbcRnSbKqyhN6zUcyQCWJT-2B-2BmSdxomyw=
Vbhhgy2QeTX0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Fra=
ncisco Partners</a> is acquiring Nasdaq-listed <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWVcF0JVoydWUKH-2Bxpf5Ga6g-3D-3DQ2fg_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0U=
tHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddz=
RM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4=
PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-=
2B276xvVwHvHKoWJNSXZqp-2Fz5vTcLB6ew5hZ59URXat1QHAG1sVynA8FqIoRqjpxtjuVdRhV8=
O5lI5IepY30AM4XA48in7MRhrMhIiOwRHFyaL-2B0FPD8lFnunRmnFBmOAc695iceku25vnf3K1=
qYikXhMicmyBxCZyiyJaPTdTG0U2-2FQuxUme1O9FXsRJtpN6fjXC8Ee886HORclMP7Rxbm0iFp=
467FEoQyTknXQkBJQIOg9BgW8Zo176xgOi8ibZyuppcjswFoqanLLw-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Jamf</a></b>, the operator of a secu=
rity and management tool for Apple systems, in a $2.2 billion take-private =
deal.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2=
cWON1-2FqBJr6etMHcMID11tTA-3D-3DA4cu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC=
fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh5=
7Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3d=
PxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgV=
AQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJMlrzU-2Bv0Alnrwo3u=
jkSaZZikc1pT8gVeSYpccfw54ftU3LGfV9V2tS3-2B-2F7dkjcOytUVxXODNmC3zMsdWlisnOKi=
CwNvLhrslrKkozP45PMgwZhugKQ09Nk18RyR-2BMoIOYBRXb6B-2BD5GpW9yct5qkrT3E5CmJpF=
dUZoHAXnRfKpwXiNK5qKLQ6U5rKQ1Islq8II1iojm8eTRt3jrFVAI8b02Jiq-2BIne-2FduAV0w=
D9sJRxx71fQcGT2IK-2BAEMy-2BgN9tQ-3D" style=3D"color: #1D5080;" test=3D"" un=
iversal=3D"true">Warburg Pincus</a></b> is investing $300 million into prop=
erty-focused secondaries alongside <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX=
7pGJvt90Hyou7P1mdx2cWO-2FkHY0z-2FZU6DoPQYPorrDQ-3D-3D0K49_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVw=
UoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL=
5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3Ba=
BzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHK=
oWJObr8dRvPyExmgvgvfyPukLVeWHhIUSUUy4vwy7O-2BYZE8pHdAAyQNJMNWxFL-2FfGmVbwb3=
QDs25q71xZdL46iSz-2FPor-2Fc0n8mGyYoyco-2FfMiqqiIEWkxZ3ialSPAJhvJ2ilYoenF4wT=
rUFJq4x5phpwFzkvutBKFv-2BDgd7LuZ3za7Vk7Oe-2Bnlh-2FXlu1B-2FS-2FCJqBPC-2B1gxs=
C2UkXLLbLDsqpuJVAul3cBDEB2wgaThJOD2PIeAIhuSsyzYu4HK2pPVDo-3D" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Madison International Realty</a>.=
<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWqm1nXa=
vD-2BJNrIlcKgRTDHw-3D-3DEDK1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2w=
Z5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jt=
g6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0=
d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPHkhC7eDqRHsa-2FA9bL5kFbg6=
tYmA9-2FcE1jKky8Cmar8dJxJsUw0Djn47yXVuVn-2FQJULa8pi4QG9oOEQsi-2F5JRKenM5UpK=
WJfF-2FP6WIccCkVh-2FBc195CtaqQNwmZPH33Bml5G-2BjmMqlAWAz-2BMdPMs62iBAZbDFYfI=
J3fr3OV50vWY07j4DSMBdIPHn7vc6XR2MJeO-2BN-2BmmaBCcVqIhVzohFvgHomd9nn8AP7Rdxo=
NRU-2FprPFskpCTEhoQTAmpShHdc-3D" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Bain Capital</a> acquired a minority stake in Montreal-based <=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NqweazGIPuH=
9Vg3tJUZZQPA-3D-3DGRqZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGV=
hykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-=
2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeT=
cjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJN-2FFBEIvHvwS-2FP37TZlogTZ7Kli13=
iV5ik85hbfSkpHSW1YrbmQbUKA8Y-2BnLpP0azqvKLG0V4kkYh7hcy2sygSHq57CUBqZj-2BFSY=
P0i9akcDdCDES8mTvgai6F8-2B7ZAetaewS-2BcTtuR0HBpM5D8Qlf-2FNnvhhzY3H4n06ECpVT=
iXideKYxr2iUEB1xiNGGnuG6-2Bo5OKaSPIOKtqpgtAqMQeAZpUmlH-2FtrC6w8xM-2B7HDUL3F=
uStBmSc8K3MJHANXeW44-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Innocap Investment Management</a></b>, which operates a platform for a=
llocators to manage alternative investments.<br><br><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4N3H-2Bbi-2BH57DsN0o1E-2FGVUUg-3D-3DJ=
7j7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB=
2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa=
99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnz=
noCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObq=
Cv-2FKV-2B276xvVwHvHKoWJNpmB-2F5Q3QYtzkB0FFH6qkpz8Wme3T-2FwFRHLyRVZze03PhbK=
2xw3UD4LQv769avDwyQRZaqMBXoiWnUiD8H7AU0gyHM1fY65MoRYfP5rUf37DnxUE0T9sJCnKRk=
c1vOcwy3V8fNwR-2B8r6QtMeFq-2FI23GEPnMT3-2FAHed2uikvulPC9E8U9Zx2Abw03PT-2FI-=
2Bnx52ynWVjRWn-2FPaARLTKKvUMJUzzs2T-2B5f1x0C0hHdnqYqnYJcGsN-2BNLjpud11jti14=
Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cinven</a> and=
 <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NnxuAc4HBs2r=
XRcqrtALmbw-3D-3DChOy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVh=
ykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2=
FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTc=
jMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPm1CE61SDL0GIfssKxgthsWBSezB3vDGL=
EmuDynPBOTlqTJOV3-2Fxjy-2FPBLUBvLJWaOvxd50L5AUrw6zdDJF3UjdPkVGrxsIBHg4uNEvM=
sYxcdaIFWoRlbukOXixD-2Ffc8WUEzR6ifhYWhNrT6Mfo-2BXGOywfcWEb8Z-2FTZDOClzo1j4-=
2BYZD4w9mgeEPJssvG1TDhyItUy49kEQu2uGZ1EFUAJgDxoo5v8ATn8HzONFj7pvDZP2peWFhUs=
WM2HsQ8XabI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Muba=
dala</a> acquired a majority stake in <b><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWK8N7Qw36KvTBq8-2B64gW4NtckQrfg0DdhSMxgxjYZl3A-3D-3D-hKS_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuK=
LyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8=
DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4=
M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVw=
HvHKoWJPB5AsegGIB8F3BMmv-2FlzE6QYGPsqX983s3YE3gt1wXxtGGbJCLpb3Ix3xHfZXwDveY=
E0GBUeUmvVpKb70O-2F1z1q0GEChh6iDPwQIUG65NRopMf3V0em8w9CMCjNr-2BScsmyyTs6T18=
4S12DVumSyBGnrAIIEthH438v6MJa6DuPCslUa0rhqU5-2B8WPKfGnC-2Fl2yGqEr-2B-2BQA-2=
BNZ-2FpZaCpIpZ7VMmFyVuBkEETc8ne-2F6gaXXNcnWS1mGmXdep3VrU96Y-3D" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Universidad Alfonso X el Sabio =
Group</a></b>, a Spanish private higher education group, from <a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NtbMsTOp620ps-2FgNNZw8iVA-=
3D-3DnwDO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FP=
lapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2F=
eZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpj=
eUoObqCv-2FKV-2B276xvVwHvHKoWJN5S2rHjevrEg1qPcPmOSxJmnB-2FkB020DEGuxgmnz4sM=
AALcVPu07L0VO-2BLndxCeNlb5Z-2B81b69gjKiW02tl70aNZLuZeC-2BH1nJZUftjY8dmfG-2B=
dszJOHqSnzEU77UqXMdNGVv-2BscA-2BbTGqPpd4GwsA-2BdSswM4zOOs4EFLVyrc-2BzqgZZDy=
9XskRT-2FD6CMqC8QgYEeJjhgOPLnQAogklCWHw3-2FA5q69AU7FXhHxO6J0ponDvaMRMcJLE8Y=
lE4J0KexY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">CVC Ca=
pital Partners</a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36=
KvTBq8-2B64gW4NZgTcFfWDxQnxyN8fZvQsYg-3D-3DTImQ_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr=
93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENA=
t-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0=
aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJOJa-2FR=
lX6nN2j-2BLPHmwTU76pA8eJFFvUX3bBOr9Oulx-2FNtCtYXXSaLVyEPVHqFAYdasKTLtxrduO-=
2FoYvde9uHxXO-2BrSUBb0-2BRgS0-2Btm-2BX0tbO3wO4OYwOUf3lHzAu76X6EdXw0nvA3kXPi=
5HoA6owo2qf50NnBU58kka-2FBRMQ90UL0AHQsnXgNfRgMvEBcnSuc3Edhzm7U38Sa-2Frk6fzs=
N4YlsnfuwKJhQL43xPgohVZGgnSqcmTbi-2FNFYFVeOnhEc-3D" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">PSG Equity</a> made a growth investment in =
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4N8oFhY-2FD=
8pwa1YdxXTtg9bA-3D-3D0IPT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5U=
wGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-=
2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6U=
SeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPYooK05G3PNPqZqQc-2BxSbCRAHKh=
9-2FMG84V6fmQeTLRyN61JVQg069f6gVQWVpa9VLgj6F1NDfZCkx255FWkY-2FcD1v7FgRU25Ph=
kDyBzuYWQ33RkRDqwbzkP8LznIYlle4WwSug0CdqXL7-2FcG7Fw10VzMKzLuiBnd0QJzFJrTfU3=
IH8ZFzUxgTfh1AGehijO4rqDFxA-2Fqh5txU28eSgkFwTxtv0DfeABreiAFpUz42h5oXFeYkAr8=
XasPm8DrpTmMk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Qu=
alityHosting</a></b>, a German Microsoft cloud solutions provider.<br><br><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NTfUESjMDmEmdF=
3xSndh0Dg-3D-3DB0Ub_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhyk=
Mc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2Fr=
qJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjM=
mNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJO6sguAT0SM7vt7-2FzcFu-2FurOxqu5pX0v=
9-2B-2FB9-2Bq2bZHstlpaROGCRN3-2Ba3fzwnsnODmPDxvE7sr1Ot55YWtJbSHBUZTFHfYs29j=
LfyjCAtPzhogxOxPjjQ9B5RcheX33Wko-2BSoswvx0IPmA1dg7x7bwg608p9WMQf5pakEB-2FnS=
JXi-2Fh-2F1shskR1mS1LoUwyqHjRI5eMEbONY3gTa83Ge1to04xqNKZ9dYr9cRb-2BVhxF004P=
Q9pL-2F88MzwTYThAr59c-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Queka Real Partners</a> acquired three Spanish telecoms and tech busi=
nesses=E2=80=94<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64g=
W4NAytSqqt5Mb2ywG5o1SRqFw-3D-3DgEBe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57=
Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dP=
xbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVA=
QB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJOiN683HLaADwpmFmd65=
vYAkkkrCGywtPRMccqHF-2Fdx7Flr0IilAlL14egditEVnT765zj42VfcrnBF6ozKHqjVhQ8Mre=
O-2BXlhpfzoNtQmzj00i0jTqxWMKhZ-2BmQGV09uIRKzxX14sKwPqYVvUb8Zy3mNlxWJY4IfcHd=
xIrX7xmqdPn93BHXrdzEOH5CxTBa7vqUompmosHfUbEU8J-2Fl7cLSRx9S-2FSIzZPBpzNdGwhd=
Im69g5MEej7y3yo8kByQbtI-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">B2com</a>, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8=
-2B64gW4NEgLOHPBV-2F6WkblYNDmBQLQ-3D-3DDjpg_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk=
1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2F=
mrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnD=
uPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJOwJKxN-2FWL=
IDMOqvWul7V6U65x32N83kLNJNYWgoiH8jZ7bWxzBUgPsh5xrqA0OCmaEtMLom1sxNpjcMllTPJ=
EtRhxREQ5NjqYY-2FntlsfevhY4oX1mfH3UU80vbOcurGK-2F8FmCmHT9NIcnkXbZkkDE6r2X-2=
BmgvZXASRrpYxK4ZmdbtI94JQ1b3-2BHB8PYtoke7sza6plQksvPiQKsp69Tt9HK54DfYDnVdSF=
Qq-2FrE0GECzbVwj-2BqkMx9KMZIBRpNazY-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Smartgroup</a> and <a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzXZLFo3fCpTXYHh4BSqc5UYco1F1fvS-2F5dde7VwZC-2BWOg-3D-3DWprF_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuK=
LyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8=
DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4=
M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVw=
HvHKoWJN4b-2BKQzv5htl8XyTgHZClWYgvaq-2BXzNsGE1N1uaJ-2FVxibJP1jw2UqsLNwfYzWX=
e52a-2BhiwxTyzNJbwH9h2UMr0o3XDn151QtiEjGWfqXCgZ8T65C84SlrSTGd5Tu9a-2FObjbu7=
038xCiKMqT6kI93usT-2BWKqAGButl3PB5u4WGu4Wpj99T8DW3ELgFzS61akZeqTjAaAFE-2Fv7=
leUS3cGzmjlVX-2BsC3GMiFkna3ZHwqtcC10JAdNmCWnrft3QLtr2NA-3D" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">Datos 101</a>=E2=80=94to create <b>=
B2group</b>, a technology services provider.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Italy-=
based app developer <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4B=
Sqc5UYN0dHu4n2Ue8G3I5vJJnhSg-3D-3DbMDH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR=
FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pY=
h57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO=
3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtb=
gVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJOGYvCeZNJKtyuo5f=
tmb9UTKTmU7fmeebEcIQcUqfggQtWdfMFrv5zK17WW1frBYdlPpVIqhmApTRSZQONsywMLHC3wF=
EXLUfU7-2FCHJlqiMmEX-2FTpHZJVBIwDdBIN2604yHDwGKmCYa69AmXQBSfq2G7UIacRnrPSQb=
FhSKHrneWq3prSefPPxHgDsu6gY-2Flf1bOraPmKE0Kp9zk9-2Fa9FrMZzPq8l6kzShuCR0GtxH=
3VJMhY7uU2mt2zHDIxtcW3Yg-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Bending Spoons</a> acquired <b>AOL</b> from <a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UYv5FzcdrCPkM-2FPsqC3wI3VA-3D-3DC2_2_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2=
Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wr=
vddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCY=
luO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2=
FKV-2B276xvVwHvHKoWJN58YUT-2BWYw-2BRsYrkpapD0AFn-2FQQb5uuleO5P4VFXsGODuoR26=
SZCRRgSCf3pSp9De6nXR-2FSGX7DMZrBpQE4C12GTmHOyejUUNij8Y9FHHq1i8swtjG7SZa9i-2=
BmSjlTETHPMN5dcVfkfaTiTZL43-2BCUgNbY0tDBFppOjqUqwhoNqF4wtNj6W-2B3fPdueDFpO6=
-2Fb1Hp5Ucbx3fqIYF9eTzt8hLinDP79ypH-2B52u4RsLAXfQGaNL-2BX2Fxtg9yS3jYSWvY-3D=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Apollo Global Mana=
gement</a>-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4=
BSqc5UYsXVHvejjaCAj1yv6yXB0iQ-3D-3D3cOl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8p=
Yh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSU=
O3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUt=
bgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJMigjb2daZ-2F-2F=
W338S2RCTveW36n1J7wBSe5cgTPpJu0IRfeZw9FZwNMDusAj0gLSRy-2B82P6dPNq2ZyVUb9iZ-=
2BCFbOTsegGUbmr-2BycV-2Bja-2FWdxtWzXOfnz5SmJ5dte-2FF4I5CWYtPug0mkankG2JNXjp=
jjMerOOiSdatFpcz7kw-2B10BV1est4W91TlqK9v8AbURPftXizVisOoq2bZlUd26UwJKT36nHf=
uSSXzIyt0q-2Ftw4hjyWD0-2FV4pMkhX2IQSmaU-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Yahoo</a></b> via a $2.8 billion debt financing de=
al.<br><br>
                               Stablecoin infrastructure startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UYqOh0tgP71xfH7VUsu1Z9E=
g-3D-3DL3r5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2=
FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-=
2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMR=
pjeUoObqCv-2FKV-2B276xvVwHvHKoWJMyMFiWM-2BvZW1ZYJpFCQ0w9wQCfrZdjHbelG-2F93n=
q-2BHpUzcG3I92QqG-2BCTaEqDPPWPtz0QGZUm9wdP5mA-2BZru1Dswelypblwc2K7XbqV011K7=
Q-2FSLUrWVi5zNBBlZojYBSzTzg-2B0BZZJD7h-2BpdB-2BLgi8uW5MjUFQqC4JGg4hle-2FHPv=
cdzo-2Bjy-2BNmkzlSlbf4WB4rtkMt4pYU40oNUXTgB-2BuzUeLsZRVP6yynr2gQddCpCY0L5u0=
VJolxPQAbZ6-2FR-2Fs-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Zerohash</a></b> is in talks to be acquired by <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UYANQscfgKj5G1HGKb9c-2BzPg-3D-3DncK1_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0=
UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvdd=
zRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO=
4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV=
-2B276xvVwHvHKoWJOYCbOfaKS5sv2yd0MNuegB96FNaE5cYdcmtiFD16fqmxVfVeJKThJit2w9=
ids4R73ajy5SLPrDHQztVz-2BRd6PMvQFhYtbLL6CyUxTjwRsuJu-2FNHOpQzpD0IlgrPIwtUcW=
MICdiUMdRlKSZktyolDlSHp3J-2Fk1ilntu42B4PAUcjFu2cF3OIXn1K8eup5v8nLqz2nvj2Okr=
W7P1wmK9Q75eelY8xZhRTjC1D75fA3A5s3F1uD3CC0q1dfKkFnaSU3g-3D" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">Mastercard</a> in a deal valuing th=
e fintech company between $1.5 billion and $2 billion, Fortune reported.<br=
><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UY9UWvg2dhf=
cWUWHFgb2enuA-3D-3DJGw6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwG=
VhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B=
-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USe=
TcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJMwY0jtItvpMH7SaBQGW9A64IuHzHOIx=
iChZY-2BkR4-2FAvg13fjtXGCM89fQ-2BCOqU78hXTBiMahfsF6YnwLNmEmVQ5ISRlGlSFKmVdp=
Ie4Cnqh-2FU5QE3s-2FIG3jWuHm1kGFcySVe6aaVbtZ4pitENWFXjqmqiHskZ61Xds3sPycZvsZ=
Ap-2BF-2F-2BEco1UFHgG6M77WMEFECNKsB9r4onDnC8RrTsyoBMbKFQl3KbDOp9rR8GXB55Hj9=
T8Z1npkKHX0TB1oPs-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">JF Lehman</a>-backed UK aerospace, energy and automotive supplier <b><a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UYayExvV4gkAJLTouJYg=
vOWQ-3D-3D-SRx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3Bv=
E-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1Zm=
HQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8=
kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJMK4H5jkj3rpy6R4hsnKPcJ3uHk26TVKTQnWw9RDH=
B53Qb2tKphbJO2uv5CTOY-2BYmrTaxn-2B-2FE1DsFsSUYKzEW5mWsaqjqKs4V95sOijr-2BdIb=
BAoOxYbKdW8ghT2Ceq8BHVWNoESnufksJjXzyiIdbMXYhfvKp-2FH1wqesRnvm4g0WaFq7vvgbm=
s5y9BCqP-2FYQ8qXkG5LB55tj0lbw-2Bm4NZs7OA59t1MkNbRXSixYxKwoHc8C000EK6Oda-2Fq=
FmJCK9O4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Doncast=
ers Group</a></b> is eyeing an IPO in New York, Bloomberg reported.<br><br>=
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UYnG3r-2BywSxVd5=
0SBinUF3uA-3D-3DUvMg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhy=
kMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2F=
rqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcj=
MmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJM6i21ibyw-2F5qgvm5ec-2F3Ynxm2XY5Xx=
LgvCO0Bgs2wHsouW-2FVYitMVOXr84kGZleTYi-2FPAZAzPGciryqRvOX5vWt5xeqA5fF3QCx44=
ESvaVFJONnkV6eoYxFFqoRIUPGc-2FrFhxjmMm9Cik3yc-2FLjE29Vw3ZrxJXWcPtK8UOqecxDO=
mDAiDduo-2BXzngQRLToo9vYFSSMvmKcZgOO3U2Osw7frLUoV6OOqWBoWQKCNyITIVi1IR1p63G=
fojcYno4Bnr4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">KKR=
</a>-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5U=
YmjNTKJuqzejJPuljPjSG2w-3D-3Dbie5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws=
1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxb=
Av8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB=
0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJMF6-2Bpix7ar0tzMN9DdB=
VlMHPqs2zAywt8Tq6nthlIhN1QwjxD-2BnzYH-2FK7pA8Lb-2B-2FNUyJz-2BMuLjjsPQ8IgkVw=
PJwLmytYmr-2FRyNHz-2FSjGCE9U6XwO6LMisA6bhgIcu2U5IWB6D3Oil0DkvQ8nqUFaJ7V6nyM=
-2BS5WJaMSAPpHlehZQRIfwS6cgLPHkX4uTnjGHYO-2FxfcQaGqlEQ-2BATsA8aXtKjn5Of7nG5=
zySvemPBZqctPp3VSQemW4T9FJ8cFE0gE-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Vertis Infrastructure Trust</a></b> is planning to launch=
 an IPO in Mumbai by the end of the year and selected three investment bank=
s to manage its up to $568 million listing, Reuters reported.<br><br>
                               Nasdaq-listed <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTL2Gj1kSHrtqK0VPWaeSG6cQ-3D-3DwXL6_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi=
9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1=
nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZ=
mGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B2=
76xvVwHvHKoWJNyhdzeJZNqoX2V5vrt7geHUSdZG-2Fiir1VXcuc6fBtUTEO7OfjlNEdAWOiXAT=
bZnezHOg81aQfOtgMc-2FfPsagQkij0yCdIIofxzwE3TLofwATTPGyme-2BToiF949hZbc0jX7T=
XARaFb-2BERSWY020jCU8nWYpPPzE31p61EnKERk2gZJwuiph0kUuNkfPYGHWBQOhE8GbF6j5cc=
iLFONCGdnCRG5hVM0k5nscv99tXTiIsyLWyHnJJ-2BZCzTXbNPt31oQ-3D" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">ADP</a> has acquired <a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLmRIvYMpHN-2FrRi6x6rB6N1A=
-3D-3DQPhC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-2F=
PlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2FrqJ1ZmHQ-2=
FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTcjMmNAR8kMRp=
jeUoObqCv-2FKV-2B276xvVwHvHKoWJMCzo3HsTgTPji-2FK6yIikgKigmP6Yw2T4-2Baj2X8Op=
i3aO4gyzHwlpYKudQZTm9H2JoKYBSCuQsBw3X0P6w9W-2FcFm8vlZCUvehbuyqkJxyo7Fo7PplJ=
U868tYBcwk5J5sUj88TdEb9ehDx0TQK80MBUnewvdcOKNwxDRntgO3iyCFl01SMPHDgqO-2Bsvg=
T3N2WShYrHhEc0JCjXvFAWxPMTCb7Oh9KPd8P-2FOdYG6Y5cMKts638v76StfGTwhOuDxVFwY-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Norwest</a>-backe=
d <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTL3rd7j=
SqpS4KHvWOdrD-2FhdA-3D-3DjWSd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2=
wZ5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8j=
tg6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP=
0d6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJPx8qqWrREzwBRPDGmgrEjnhBm=
1foladfPi9r72AtFuUqW6-2BDHFKHgc3f8o61gOpa2O-2Fj0RcqPiFGXQ0gdOOiGcYY08ozk0-2=
FeKfEGetZ-2BOK-2Frj93fM-2BK-2BjTRaZhVF8JKuAVgI-2Bq-2BHPqBI4L8UvLAD7J1cQ2vPz=
SA-2B2NHHIwTxYd9uPWq64nhlaKdKvkC6CdNlnx7-2Fy-2FO72NF-2B5F-2Blt89qQ-2BiMt0V1=
x5ca6YO2kXhc6quaVtzwI5IjdmgrsfmNU6Npc-3D" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Pequity</a></b>, a startup specializing in compensati=
on management software.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLINsMfvRn6nCp-=
2BATI2mAerg-3D-3Duf3l_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVh=
ykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg6-2B-2=
FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d6USeTc=
jMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJORe9j8V-2Fx8Fr7q84xxyVvNBUcYRlu-2=
BE2EyM7IyytSXoOUnqxmjK-2FFdYKXrnExYU-2FI2fdptoiMFC-2Bz2q64Sln9Gy5qWXbsh8t9I=
FoC0lMjgwJVOAvfMb3MOgLmOxnczJZbJ-2BRK1LFYxqBG4Ee-2FLh7zt6eYYLQxskQuI-2FtzVM=
46216WnfrPWvKZNsvwoxpzH0tiiDK6d6h5avF1ZwbtJ3Oiv9Cb2pEbQ4iJt4nnjIfUbnbNSRFa4=
jhsxqk5heXmHR9Q-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Ares Management</a></b> raised $1.5 billion for its first specialty healthc=
are fund.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLG7e0J=
SesztTKiAlY2oPijg-3D-3DNCyg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ=
5UwGVhykMc3BvE-2FPlapITa99wrvddzRM1nND5J8DGvL5AtAwu8ENAt-2FmrSUO3dPxbAv8jtg=
6-2B-2FrqJ1ZmHQ-2FeZ5mnznoCYluO4PUZmGuJU4M3BaBzBddt-2B0aMnDuPUtbgVAQB0fsP0d=
6USeTcjMmNAR8kMRpjeUoObqCv-2FKV-2B276xvVwHvHKoWJP3e29DyR4T3fnn7hYzV1shgDCe5=
XeP4CXb26ZJ5mG1FmR4jrFR4A2Ks0AyzA8QWFgyYakAifTyrhgwb4QmJdZG8Ha4QuvLo8NAGUya=
hz-2FMOwMd7dQAyeFX8BRGiCdNrgsFXwxH-2BFLakr-2BZR6i0LsMuPCV8FFXhG2HB2nQrkyu3o=
1w0smytVSOfr-2FbuP-2BhU45-2Bzo2JpkLMN4uRyJzofAt74Lx2hSpwMrcIwrDtyUVVzsGzrOJ=
KIt6zyt-2FYf513NpNo-3D" universal=3D"true"> <img align=3D"center" alt=3D"" =
src=3D"https://img.pitchbook.com/news/71014.png" style=3D"border: none; max=
-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></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>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                 <td>
                  <table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
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                        <tr>
                         <td style=3D"padding: 0;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLokaQ3oAlMeJCO6UBBxLD=
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m8PzsFnAB2a-2Bp0UtHi9jEAuKLyVwUoWJ4kf7tr93Xk1t8pYh57Ws1aS2wZ5UwGVhykMc3BvE-=
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Bjr-2BKFdu86q8GyFIWojFec7HnDPZbP-2F3vteXwnGHCwWUgeDjSb0s-2BV-2F2-2FjrXdsIKg=
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                         <td style=3D"padding: 0;"><a target=3D"_blank" hre=
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D"><img width=3D"160" src=3D"https://img.pitchbook.com/ads/ad4368/LLM_Partn=
ership_Anthropic_NandA_Ads_QA_Prospects_160x420.png" alt=3D"Ads" style=3D"p=
adding: 0px; margin: 0px; border: 0px; display: block;"></a></td>
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