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Edit File: 1762517287.M617276P2377925.server-619288.prediksijaya.com,S=177790,W=181008

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Date: Fri, 07 Nov 2025 12:03:57 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: PE's Warner Bros. opportunity
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d morning.</b> In today's Daily Pitch, we look at Pantera Capital's success=
 with digital tokens, how PE could help itself to the Warner Bros. Discover=
y breakup pie and a <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX5b-2B-2BBaIgWPk=
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=3D"" universal=3D"true"><b>possible M&amp;A comeback for the leveraged fin=
ance market</b></a>.</td>
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me=3D"n_574493" id=3D"n_574493" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> PE sees opportunity in potenti=
al Warner Bros. Discovery breakup </span></td>
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                              <td align=3D"center" style=3D"text-align: cen=
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idth: 420px;">  </a></td>
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8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">(Adriana Hansen/=
PitchBook News)</td>
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0%">
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Jacob Robbins, Technology Reporter</i><br><br>
                               Paramount Skydance's loss could be private e=
quity's gain.<br><br>
                               After announcing it was putting itself up fo=
r sale in mid-October, Warner Bros. Discovery has reportedly given itself u=
ntil Christmas to reach some kind of deal, CNBC reported.<br><br>
                               The iconic Hollywood studio, whose propertie=
s also include HBO and CNN, has reportedly rebuffed Paramount Skydance thre=
e times. The David Ellison-run media conglomerate last offered to buy WBD f=
or $23.50 per share in early October, according to The New York Times. That=
 would have valued the company at around $58 billion=E2=80=94a 35% hike fro=
m the $43 billion Discovery paid AT&amp;T in 2022.<br><br>
                               But Warner Bros. thinks it can get a better =
deal=E2=80=94and it's entertaining all options. In an October statement, th=
e company said it would explore a full buyout, the sale of part of its busi=
ness, and a separation of Warner Bros. from Discovery.<br><br>
                               Analysts and investors agree there are two s=
cenarios in which PE buyers could succeed=E2=80=94neither of which involves=
 buying the entire company.<br><br>
                               While television viewing habits are changing=
 rapidly, WBD's cable TV business has consistently generated the steady, co=
ntractually guaranteed income that PE firms love, in the form of advertisin=
g revenue and distribution fees.<br><br>
                               For the last two years, WBD's cable ad reven=
ue has remained steady at around $5 billion.<br><br>
                               The company's IP portfolio is filled with ic=
onic franchises, from Harry Potter to DC superheroes to Looney Tunes, which=
 could be highly attractive to a buyer who can get comfortable with this so=
mewhat intangible, hard-to-value asset.<br><br>
                               WBD also owns several gaming studios, such a=
s TT Games, which has long held licenses to develop Lego video game adaptat=
ions of properties like Harry Potter, The Lord of the Rings and Batman.<br>=
<br>
                               "There's this thesis that selling the parts =
off may drive more shareholder value in the end," said Alphonse Lordo, part=
ner at Content Partners Capital, a PE firm that invests in entertainment IP=
. "Selling off some of those assets=E2=80=94some of which private equity li=
kes a lot=E2=80=94makes complete sense."</td>
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95m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6=
cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWn0rC=
NgaPDcTUirky2oFNdOUXPjyJbJk7FfCQUPgMtTKlHtph4qUcbcBC9YmoCwsHGpA7LStfDOr6YUX=
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2Fi7NFMh4bHT-2Fybk7wFTPdMk08-2FW-2BTv5U-2FYfXi3Vt8SnGIOJwgWvybBDVCLni7SHNMa=
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080;" test=3D"" universal=3D"true">Q3 2025 Global M&amp;A report</a></b></t=
d>
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                                                                font-weight=
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cH4-2FXjPiTHs1QoSX3oAgmn0yYxuG0fu8PMBWGfF2mk5ogbV0jr2igK96CxRhLiDNr1YnrkMU0=
rErYUBikGdWN-2FXP9BTli5nFnU3Z6oUn9Ik3-2ByWK-2F3K4-3D"> <img align=3D"center=
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                              </table>In the current environment, driving v=
alue and efficiency across your portfolio isn=E2=80=99t optional=E2=80=94it=
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=A2 <b>Just out: Our Q3 valuations data for public companies</b> in the mob=
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#1D5080;" test=3D"" universal=3D"true"><b>Get our analysts' report today</b=
></a><br><br>
                               =E2=80=A2 <b>Our analysts found cautious opt=
imism</b> at McDermott Will &amp; Schulte's PE healthcare conference as val=
uation gaps narrow. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX5b-2B-2BBaIgWPk=
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f7XwWStGt3C59PeYAsUlV4lNkdQsU9OZ9qVbGasweunBpYVlvie6wnd0iaAMIGztwPwQgTskRBc=
6HAOZN-2FDTGNVj8c5YDRD9pE82JJ4XFwn14bkcZzrJ5n0Yqse1hApswS2tOTtBUixa5PTHMoG7=
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hcuu-2FUNxwcpN-2BW0lQhk5qZ-2Bw3Ot1UJhO47IZQVUx6c-3D" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true"><b>Read the full recap</b></a><br><br>
                               =E2=80=A2 <b>The long-awaited M&amp;A comeba=
ck</b> might finally become a reality for the leveraged finance market, wit=
h leveraged loan activity picking up and more big-ticket deals on the horiz=
on. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX5b-2B-2BBaIgWPk-2FbeCE9NgoQXHJ-=
2FDiDLKle97t3tNLPz0Q-3D-3DXEPC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
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i3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBf=
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pXs1Px8wkm1eOk4ZNIWU-2BuPGT6FH-2F8BFRtTKfC4vuhOGTNW3dZnhqNLGZULmfIOGa-2Frv1=
f1Z7yaWjIrBXzbUFY97JKPnpL-2Bns3izouc04exFt438Cxgr-2FbE93xalMWrxNh-2BGdCbnuf=
C2gFp-2FtiZfSVZ9fIMbKXuENI-2FA-3D" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true"><b>Read more</b></a></td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574499" id=3D"n_574499" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Pantera's recent token bets ar=
e the real portfolio winners </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>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Michael Bodley, Senior Venture Capital Reporter</i><br><br>
                               Crypto-focused Pantera Capital has more rece=
ntly generated the majority of its returns from betting early on digital to=
kens, as well as opportunistic deals, rather than from its traditional VC i=
nvestments.<br><br>
                               The skewed results underscore how stretched =
out venture capital's J-curve has become. And it highlights the industry's =
crypto-native strategy to displace traditional finance.</td>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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ing=3D"0" cellspacing=3D"0" 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-2BaqM7ONnvsnswouzU-2FW2zLx5sYDGUqvVVM894cJQx5DrE=
60xBGz8-2FogsjRRA-3D-3DbYcP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E=
9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY=
93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2Bx=
MAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWlYFAGrpAfiLccb3PAqAR6BywH4n=
wcu0USmzcEHrmHNPwFMui-2FIAIS2wH-2BGATUNDlKE1jRlzNZ23HU7pWHhLimIhdgq8D-2FJSC=
DwBVqd1XdoWcENIDUuHAjRenkuftcp1o-2B8iE5AKDov-2BXjxzDK1YFNbwGEe-2BEp9P0fPnKX=
lHVWj8n133zo9s5z6zo-2FvUidyGovxzCJVeu-2FAwraVBcED5N757ds-2FR7JUvFaUjQzOXmve=
p71u-2BNRJs9eJjqjljNbKt08-3D" universal=3D"true"> <img align=3D"center" alt=
=3D"" src=3D"https://img.pitchbook.com/news/71272.png" style=3D"border: non=
e; max-width: 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%;
 ">
                           <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">Panter=
a's $1.25 billion fourth fund, raised in 2021, has gained only $78 million =
from venture equity. Digital tokens with lock-up periods, meanwhile, contri=
buted a $181 million gain, with "special opportunities" bringing in $431 mi=
llion. Token and cryptocurrency trades, alongside digital asset treasury st=
akes, chipped in $239 million. The fund sits at more than $2.2 billion in A=
UM.<br><br>
                               "What institutional investors want is to be =
in this space for a long time," said Paul Veradittakit, one of the firm's t=
wo managing partners. "[LPs] want to be in a venture fund where there's mor=
e than just traditional venture capital."<br><br>
                               Pantera's later vehicles started blending st=
artup investments, growth equity, token holdings and trading. The explosion=
 of "initial coin offerings" around 2017 incited much of the industry's VCs=
 to embrace=E2=80=94and even advocate for=E2=80=94digital tokens becoming a=
n alternative to traditional equity.<br><br>
                               And Pantera is taking this hybrid approach f=
or its fifth fund, which has a $1 billion target, and held a first close Oc=
t. 31.<br><br>
                               "Now you have the ability to think of liquid=
ity as a spectrum and being able to invest and allocate their bets on whate=
ver the spectrum is=E2=80=94whether that's super-early or [late-stage]," sa=
id Fairmint CEO and co-founder Joris Delanoue.<br><br>
                               The firm expects to see more IPOs in 2026, a=
mid recent progress in US regulation.<br><br>
                               "The risk-reward for investing in blockchain=
 today is better than it has been in many years," said Cosmo Jiang, a Pante=
ra GP and portfolio manager of its liquid strategy.<br><br>
                               To take advantage of this environment, Pante=
ra believes a multi-pronged strategy is the way to satisfy its investors.<b=
r><br>
                               "Ultimately, there will be a lot of value cr=
eated on each side," Veradittakit said. "And thus, if you want to have opti=
mal value in investing into crypto, you really do need to be in a fund that=
 can provide access to both."</td>
                              </tr>
                              </tbody>
                              </table>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
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ufjgVHUsjWwNBEaSAce5tAQjhY7w6WaGWt3KU5pjl28L6tsMtcbWCJdSUSlzz44PQDBWe158Pi3=
vPx-2FYtDtmqAdFcJwUY2JKocCQVRnMXIs2IO9mZG50FMrC-2Bww2-2F8F-2FV-2BOJQyoVSt-2=
FxUgdHtUSfQ-2BrKJ4Tslf6Ci8bChsDr7Uxaro-2Fqg3AJZ-2BbDaMfLEIHF6yjgUyUdv9RpbkS=
BoW1g-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px;=
 text-decoration: none; color: black; padding-left: 3px" target=3D"_blank" =
universal=3D"true">Read more<img height=3D"24" src=3D"https://fonts.pitchbo=
ok.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-=
left: 8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU-2FW2zLx5sYDG=
UqvVVM894c91fbmRDYuMfVssJMvGuvOg-3D-3DPHkj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM=
-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP=
4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8=
TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWnZUJ3npci1AV=
XVF-2BHOWi9bU4jRjzogSEN3ix2SCEgIpQzzNhYu907otOWn0NGxaAkKaUO5qoPjH6msll5M-2F=
lwwis6WYyIayPE0LgN1oGUsvc-2BjsnlIt9JHagB-2Bi1Em-2BciVUZHS0MXMYmy2iRrBsjZ2A0=
d-2B0Onm4epeC-2BnKkZyA8xqWm9vYRf3w4KkuFBxcU3pyMXdn-2BqLromTHx63B3A53EHQ-2Fk=
PPw2qtitk8yCprmx2EqPPBgK4Q8Bn8bSjnYkb4-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Q2 2025 Crypto VC Trends</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>Novo Nordisk is confident about=
 winning the bidding war for biotech Metsera despite lowering its own growt=
h expectations.</b> The Denmark-based company believes it can best Pfizer's=
 offer for the obesity drug manufacturer. [<a href=3D"https://url6380.news.=
pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzU-2FW2zLx5sYDGUqvVVM894czghwz71QKZTICWkjrwIfcQ-3D-3DaK9S_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8=
S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPf=
w7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykD=
jpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgi=
XpUyWlpVH7CngBDqcvEwMUCjiHLblACShz91R0tFxz8x6oo-2FCj66cgPHSJMRxXjdTm-2FaqrZ=
9e4hnErU4er3Ky7iR9THXukVXvLfbu-2F4rAt8oaT-2FnaU9f-2Beoo5lXkzvxRK37CdFjTxk-2=
B4M-2BDsdscPa5SzDcMpbwom2ZgZ6jyYybS5V3hxJt3ohnpGa9NZL6UB-2BvUqUE309gDjn0HCm=
uKukLYwkPbNaKQERDGn6ckN9zbZ-2Bfk4zFflkzMWGCDqQxShx5xvRA-3D" style=3D"color:=
 #1D5080;" test=3D"">CNBC</a>]<br><br>
                               =E2=80=A2 <b>The world's richest man is gett=
ing $1 trillion richer via the largest corporate pay package ever.</b> Tesl=
a shareholders approved Elon Musk's latest massive pay deal after he threat=
ened to quit his job as CEO. [<a href=3D"https://url6380.news.pitchbook.com=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU-2FW2zLx5=
sYDGUqvVVM894cW8gg446dHAXfvVU0mBgTWQ-3D-3DXUyq_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq=
3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7=
HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-=
2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWmzmKRpQ2=
c0OfkU6LwXdN-2Bidl9pKMCNgQY9LNf7-2F-2FQgwxldiR3H87xr8tbNePHhUUiK37Zvxo-2FV0=
ti8lyNX5M3ogLmAFEnijqnrdrkGlD22SudwATUqgWzbnXzhmPoY81iT9cD-2BMoNC05-2FJxKse=
AptDxj9xQPaBBwLUCm6kAJQ2LUi4RCgNjRyJO8D5YR2DmscX426QPZpOJEW-2FbDI4gHUe5gZ4J=
pZ7FBXw7aOfQ3UA2RKuMNPCY1PFZmy3cMkmT9A-3D" style=3D"color: #1D5080;" test=
=3D"">The Financial Times</a>]<br><br>
                               =E2=80=A2 <b>Meet Ruth Porat, the president =
and chief investment officer of Alphabet.</b> From tinkering in the garage =
at 6 years old to a prominent rise in Silicon Valley, learn how Porat alway=
s made things work. [<a href=3D"https://url6380.news.pitchbook.com/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU-2FW2zLx5sYDGUqvVV=
M894chSaK2KKsR-2Brz9tmUrk02Mw-3D-3Dq5aT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2B=
k23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pV=
dKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqR=
GFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWmEwSsguasNHJ42y=
lC8g3v3jwRoFa3Tj9QOAonKNwLfu3Mh1VhDb6MlCJPkObRjk6d1-2FmKnJRCoJj9M-2FzQ5VFCt=
Up9bm8ULWKSthGDd3atX-2BV9j2Kot40RI8JLA0sWbb-2Bh1Tf1mbu3CyiaUkrqwDpuXpwbEuwK=
ZLx-2BjRWKFnnCRN-2FdYYB2H0n21WykTpV1kEw-2FNzBZTVz7ENBIOgNj5sjT-2Bcg084P9KKy=
U3Q1-2BQrgvyVTZFSneEY4eYPmOPcSJQEnI-3D" style=3D"color: #1D5080;" test=3D""=
>The Wall Street Journal</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzU-2FW2zLx5sYDGUqvVVM894ciuh9oaPh8-2B5uJsFngTQP1A-3D-3=
DrUcz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFq=
LAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJ=
s-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2F=
M7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5=
M9Fvb5zx7nqWdWi7I7bgiXpUyWm1dELCxVEmUzBGA8BLnQwdUMULN5vC7XwiXwvLxsdq7tSepyD=
VY3diBeMgZlcHT38-2FupWyZZo4Nx2s5vTbjDTnAbL2zYrRgXo6m-2FoW4MaA5Xc7UptsY2PHdM=
35qzY-2BqvMUlG9H31IgSQ9zBXAIOXUmKL9kaCvltm4b6TGaTnhWWYxaGwFdVoFalGGdLdPLcOt=
0qiPxE4vg0AcOFBVIXIaDKD2PQ0bHKArq4FhadBZYZrfg6elIb-2BlC-2BwC9TIeA8kE-3D"><i=
mg width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4363/460x120_pitchb=
ook-banner-ad_nov25.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; bo=
rder: 0px; display: block;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 24%=
; min-width: 24%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              756
                              </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;">
                              2336
                              </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;">
                              921
                              </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;">
                              27
                              </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-2BaqM7ONnvsnswouzU-2FW2zLx5sYDGUqvVVM894cqkRtzxYeCAWkPM1W1iaJeg-3D-3D8=
ZoK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLA=
xBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-=
2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7=
TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9=
Fvb5zx7nqWdWi7I7bgiXpUyWlIWs2fy7VCQtEyOlanecmG0H6EUYKfhMWSNAqU0mh5AYWp81zZi=
NJAdIsYrfETn5-2B7MLcHJoPudehi4HcFFvXeyxxKGbrcFKi8KplHdtka7qQZdPNtFQigeStCiX=
Bu0X7m2ZCq1MV5MvoJblfT0XAFjojYY3OaZc0HH4hQ3YlphRjid-2ByHjyT-2BeKTj-2Fm-2B-2=
FZEiokYAyNktlEIIORLKw9oMS886LRE6Qu3MRX2yDzxbqChl1xPGUe5INPgDnMPF77Ek-3D" ta=
rget=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_574492" id=3D"n_574492" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
                            <tr>
                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2019 Vint=
age Global Funds-of-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: 80.48177887584927%; mi=
n-width: 80.48177887584927%; max-width: 80.48177887584927%; background-colo=
r: #1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">13.03%</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">16.19%</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;">
                              0.18x
                              </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=
swouzU-2FW2zLx5sYDGUqvVVM894cePJEE3vs4F82ziAxQcBErA-3D-3D_8r8_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthr=
b8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrw=
Pfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhy=
kDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7b=
giXpUyWmk91JwU8DqxcxCJ-2FWkgLltmoRF-2FLuiH-2FTQH7LETxnF9ib0qy4Z6mXgwve22lB9=
IifyrTmF6UsdRxbFrFA9-2FeODQTv0gUy98-2BNBqxUhdYBzF880tF4xQVYx26adtfrNB4fbBnb=
K-2FMm4PsYGahE1j2rvrpIVexNs43CqF7W88gaeQHxC8hUW-2BP4wI-2F3AcfGCOV-2FRJeBMQi=
Um7sdU1Tz4CNdlybfBC-2BJ14ICwjPGQyaDLdE3kM-2BbPD7pgQ-2FOInZS2hPE-3D" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>INP Technology Fund of Funds </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=
swouzU-2FW2zLx5sYDGUqvVVM894cwed-2FBPozyiSip0x5QpiJ6w-3D-3D3M2D_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPt=
hrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgB=
rwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvX=
hykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I=
7bgiXpUyWllbeG58v1DkLOna3lppC-2F9ymwjbWDIOP2F0nVPgRBOdhdrB6taLTBsSAJeYZZM5i=
24-2FJiCF7agv9HUy-2FU-2FeFx5Kb-2BXqFSjnL9KOIfyVh8TjwsFoua-2Fkkm0PDWOF1TjY-2=
FmsRHlvQ6eltjNF1cHw7-2BbjfNunYbHGz-2F7uHDV7PBhnjwF11tgFBlFD-2BTisLJ-2FsyNKz=
aEBNAPvXac-2B7l-2BU6MBLuhX6HGCwFEW6H5bmte4e6YKumRBcHKFdke5P3bJlnapU-3D" sty=
le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru=
e">Blockchain Coinvestors Fund I </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=
swouzU-2FW2zLx5sYDGUqvVVM894c14wAcHUUGPuIpEe5Eby-2F3w-3D-3DPB7X_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPt=
hrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgB=
rwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvX=
hykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I=
7bgiXpUyWmwut766WqpzkFk-2FJ6PBJ1Bn572WCkwEhhkykagwMFOCWFOPwZcvkxCaaUa1sF6pu=
A6ASyxF8NGHYjmKmUsHD55z382r9Nu9cZceHT-2FqFW0Mc-2BNJRUds4hx1XenGaIW0THS6ZqYH=
wPuzl20xU67PAbBt3r6r-2BxfMRANSOflEzpYe9qardVxr4F-2FSFHo2ulGuCZMSeQjLMuA525a=
Hn7MiCA8SePg03b7Zwcess4MP02JM3He5NO9rbVKHLTI6ugUEnA-3D" style=3D"font-size:=
 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Franklin Park=
 International Fund 2019 </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-2BaqM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0RXaz7w=
gJkL37UrhejBU5z3fw-3D-3DFQCw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3=
E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfib=
Y93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2B=
xMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWlH-2FARb2zE-2F9wIvhFt0c630=
Gee-2FRns8ACAWZgvG1LlYrxT3saXd8O2RZZGqa0LnsNhq-2B-2FdMHSyaG21t0IuI6cQmZ2-2B=
LspdDtClhUEn7giPl5rfz4N1rurGVU-2BADnQq8Cp8I88YReV4sFN7UlA5ToKURwi2x0ovobH8J=
VJUmK7-2F45NDZB2XcMvofQFBgoGtvGJmcZGJGDKxejZFAGesTouNEpeJFijon0osgb6kqbiB7E=
8rdyv-2BfUKwwVg1WJ2JR6yA-3D" style=3D"font-family: Roboto, Arial, sans-seri=
f; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" u=
niversal=3D"true">42 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-2BaqM7ONnvsnswouzXPHpIKf=
JDDHccr5n-2FLL0RX5N8vw7YSXX82jCNnx1nWpg-3D-3DoN3u_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mne=
ieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A79=
5m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6c=
wg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkzgQr=
Hdu1KjTw1YuttrMQegExkeL-2FGze1-2FESwsoI4lYHNQnS0Wa1IxVuQqU-2BDEAEU8wX1TxOEF=
kFn2oNhPVNFfzdJ0HoSfBBawuGLnHj-2F0blz9hni582-2Fcvqk4OkBZ2p-2Fbs-2FyvHu5jGSx=
Rb6ZC22eg5JmugepvxUrJ-2BYOJSazrEMekrc36LvImjwzTs8a2ylg8Z9U4RQqUeHRm23Dw-2FR=
Q2gk8qTUXO0R4Ls4wwsaw0vOZMbEFgXNGz2wN8Ozk-2FKxA-3D" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>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-2BaqM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0RX32VBsumQkNLQeoo=
PXTwxnw-3D-3D4_zk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsg=
VAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8=
yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6T=
tX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWmMTX07IPmc1gJ8hxzF5CQ3Hm42YpC-2FY1WQJ=
NjnY6KtvQQFM0fNBNBifn2uZ0-2F2HQpbBh04gDQEpIQ7ssfoj5tjeYyCz2EDS8hYXq5YtfiOQb=
WZEf6Z2fgsY-2F66Nqfm9Hw0GK7sjS0jKjJoWfypVIX-2BQA4BQsQVRdxK5eLhV-2FczxiYs8tx=
BIscDAp8qVFRZoD0nFhn31noRaqYAKQnJ0DUHpcik51gxvELfiiEL6FI-2BgBPc0B3qAO4Ru1YD=
SJk9rvE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Metropol=
is</a></b>, a startup developing an AI-powered payment platform for parking=
 lots, raised a $500 million Series D led by <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzXPHpIKfJDDHccr5n-2FLL0RX4TUiE3OpMhYk6ECFjdLHJA-3D-3D0w6U_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQU=
Pthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2H=
gBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2F=
vXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi=
7I7bgiXpUyWmKQBYXeZ4gcC8o-2Fb4zrUm-2FN-2Fv8R0ETcbG1wwq-2F8D5zNCG-2Fz-2FHM7o=
8M64RJcqNHRwqAHi-2F7PizNtifMW6C9kFVC-2FRkt18-2B5dTskjEV9gmlV5316SOzb6DTBh2i=
WBvRqghXDo2jWWzOtTM0-2B-2BO-2B4FuQ8Q272GTaN7V2qPIJ8Tx7rNknsWhJxgkPf-2BTUlhv=
kRJ-2BNm1T5djyEzjZ5htd5GhWeLgntvSvOrn9C-2FWrl6ejLblADE7oHGN2F-2B77B2Epbi3Wk=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">LionTree</a>.<b=
r><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0RXyXu=
AoF0uuBlSgOx1Uz-2Fldw-3D-3DsAMc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgah=
Di3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUB=
fibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX=
-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkxBlejkWn1ESWmUzS9K-2FR=
OlKgJlflfvLAFD7na9GrgTxp3G6qEOYOg5U53Z2kp0lOLfhUM5O0KgmrDCHmLkGsDcNgeAz94Wd=
wtvWHQe7KNIEhVhknFBZHTO9rukfAohebhof99Hh-2FDJgNU7q3eEV-2BAuzXYPnSDOWGItItR9=
w7zLo8s-2BJ1eIJ0hdq28ORW2VGytqCZ0uS7aGVDdZEyFUhMovE4478hysVDZnR9ovgRUvVi0Dj=
FpMhNmut-2FgRBWvGBE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Synchron</a></b>, which makes a brain-computer interface device for peo=
ple with paralysis, raised a $200 million Series D led by <a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0RXDqYPsKXeON3fV-2BuxXUm-2FRg-3D=
-3DYE0h_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1Z=
gJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-=
2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2=
B5M9Fvb5zx7nqWdWi7I7bgiXpUyWnsOqCtWpqqtcfJUZjPdKUb1bBj1W6d4SeQ2GxKNtWRPxx1x=
zwm7BlVZgQiAuRZBpAQKD9dHxU9K-2B6NOy3u41FU3IefuqgwojPoBzZCMNJ4UJ7QtGt55oIt0D=
AVeo9IpkMD2YLWb6IBJFaH3-2BVdlZQaJYKIdpXZGOQdBhyHlxNlkaEzf-2B00XYVarDG5hBI-2=
BhIGzK9qX83SH8QDAHNHf-2BmdAajxwQTl9YQYmFZfLEw8b7NXd2-2FxD9fai8UCbWchqStM-3D=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Double Point Ventu=
res</a>.<br><br>
                               San Francisco-based <b><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0RXeKNpzLUo4Q67n50Css8-2BBA-3D-3DIc6=
c_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxB=
mR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2F=
EmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7Tx=
QOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fv=
b5zx7nqWdWi7I7bgiXpUyWmMTJ8BIZTjIE6kNnDLwWvP4XL15bOi2XUEKaRHRZaeWngoa648Y6q=
xSZdwnqA-2Fur0diDh8uVA0LXg1Z4B69nS8ax0drEjDeZ9LXTZj-2F0QfstJ9QkFQmLKMUpVl6J=
cb8ST9nqesCfhqPYDAhO6wgJcaGDPVGYBaMks6tf9jnvyDt-2F45KNgVtGlYM9kPD-2FWEDt84s=
fHbNQTUQrA8PRZ3znkUHvE-2F1NxKQeAeGE4Nvh7-2FbE91x4er3ADUnjE9cVUPtYA-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Braveheart Bio</a></b>, =
a biotech startup focused on treatments for genetic heart diseases, secured=
 a $185 million Series A from investors including <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0RXT27-2FBkIrARdeaFtQ5VrPrQ-3D-3DWQ6b_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4b=
VLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVN=
m1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJp=
fVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx=
7nqWdWi7I7bgiXpUyWnfN6UYxSBQ3m-2BrkDzTK2AE7PLweH2lgjzcJX8k-2F2D6cYYRi5j5C9P=
OnkGyR0T0Tu800hkgwM9tOfBl74HmUaz4W6vDnvRHYItQGQSmo7BajMnmKRzdFzSJMl7sIdJzPI=
j7dcbH6sM374bfMnJ9V68XkrcfWwXmUGan2iKiQW1cekGecA3TNsIcEsn62oLSmtbPLbM-2Bv9m=
6Hf-2FrOu6kW9smWC6bDA5-2B8Pmbco2uiY8dSDRUSQGtwzwPMI-2BIzCRgM-2B8-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Andreessen Horowitz</a>, =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0RXn4JN9oWQX3AA=
PgJoUKPF5A-3D-3D-zMP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBx=
xsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0=
ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttK=
G6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWmnQISFzoNpipssF4cMTrKFzUzsLPizOvov=
aFAVkfNwu0HUuPXE0-2BsSqf-2BOzRnkamHHti2sKViwKiu9eU0iWT-2FykCLO2fVVOBEFimOcQ=
bFDH1X7YOLg2XdEnEfYwfIoA37B-2BHZSHZx9YSS-2Fis2-2FxUlGFLt9nazgEipO58Xq-2FYVo=
sr115y3IePdjF4GujulSXWgOYVWEAsBW8iOzLE46sILKp7WwxIbQxCTpADegEcVvFr2u1KxJnRv=
UTUAqrqtHh9Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">For=
bion</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0R=
XDIcS-2B87t4wj31k5vgkzoLQ-3D-3DcIle_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23a=
CgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3=
bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfg=
HRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWlrFegZxWMUfAhGZ1rNq=
4nHAt4i6d1eJZIESDVoVpP8KacRASzRYtXzwvxNNQoZ5T3s2Xpn0TUd9eqA8cAXScoUO2vxYG9d=
QdRLhsY6QNqj60u1SB0iex9dgY0RE6gTpUDzHpZBcqKI4ht2ejKh355I-2BJvgzHtdiUbMr2PpG=
-2Bhr4US1C09Y6wfShoIX-2FWIls-2Fzz8Bf4j5FXRlfi4kCNVU9eRfPnNUQz75XP1-2B2o88eQ=
NdL07Zk7z5JFrPtbariY9-2FA-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">OrbiMed</a>.<br><br>
                               London-based <b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzUglNo1fViNgEQzWEqMBpaJscUkU5wECDGJWnmq9Nfx2Q-3D-3Dw6Qb_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQU=
Pthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2H=
gBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2F=
vXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi=
7I7bgiXpUyWkKCwW881YJe8qhI9LzCWuGau3dUS5-2FfaQ12BRngxxnTOBywOO8JCszlS2mo-2B=
4SSvSpqRgfukPVMbduNhtABrWFkA-2BnQUzTcQvXq4XBWRqn7fPbKrhj80bsaw0IyNmPi5IxfPW=
X3jIhv35GHtChkrMJVNwRT-2Bh9HwEoKMkR9-2FoHehxb6yp88AV09vzTRZIGA04awk11-2Bh-2=
F59m7s5uUKn-2FUamfKoFKLU-2FfbOCggUxl2kbxunjBN4Iq9z5H-2FWjSG0Gko-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">PhysicsX</a></b>, which d=
evelops AI for physical simulations, is in talks to raise up to $100 millio=
n from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUglNo1fViNgEQzWEqMBpaJ-2Fp7KR=
-2BURP7zKqi77WQu4eQ-3D-3DGcjz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi=
3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfi=
bY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2=
BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWnRMtybagz-2FHN6OHdyJ4lXL5=
1-2FysYBLAde-2FRp0g8y2sCnikFBKBrFqPvEdRtAp-2BWYMAl0AHw9vYpr8lBrxXfwVl3-2FYY=
vlJ4x97GYCOmYKYzY6EcrwRBZSK8yQUpBJ9F33QO0q27te5jlg3Da5Hf-2FSyBqK6j-2FdC6V4D=
BwI2fQf5nkhiKVk2KZgXYrIjD96kl9RXsNWv32iZnV-2BC3Nx50XM-2FCVzxoA62x9NsaVpwGG6=
3CVEfIvTlEe98nN1LJ0MklbW4-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Nvidia</a>, Sifted reported.<br><br>
                               Go-to-market platform developer <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUglNo1fViNgEQzWEqMBpaJyDSFKtJh8GJpZbgvVw4Li=
Q-3D-3D2wVt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCW=
VW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy=
-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0not=
cl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWmhXb4659QXYMl79CUhJ9VsSC16BhouKgFjFcgk2YcFI=
lxT-2FvbE8rVj4sAjKIq0VJ3zirB39iHSeyt6Ch08aPY05049ELOFIjQsW-2Fr-2B72n-2FkJN6=
46je8-2BFhrb7N-2B1JxO-2BLwCVr6z-2Bn0esRi0UolR6VZYjbLv0JDfmmA-2BG8RfjCqoM3M9=
XpSFPaB3sqXO1HqH6grycixVeBr2KjIeUzjtswm-2BiJkFSYUnDLU0keTehmMTzlUlboFXosu8H=
zxc-2Fa25Vs-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Reev=
o</a></b> secured $80 million in a round co-led by <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUglNo1fViNgEQzWEqMBpaJzVFF-2FxOFIMsptOlOFbTJbg-3D-3DUhRl_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bV=
LXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm=
1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpf=
VOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7=
nqWdWi7I7bgiXpUyWmhKQWaDrPvSZWh-2FzR0Wl0Q72K3aeQbEVnQRuHvDpLePzKnjwgP7ye35z=
w1z03zoG-2Bew7UqQk-2FT3kFnjFjS120D0liAsPTtn2zMl14RysORoRTpyb3IOe5xRMO5se-2F=
4AgUgukx4myjlZ7SGcNg9QjekFDGtPLTNV0BvUPfESTPiFM3d6lvRFI-2BuQwEkji9k4kgyV8K8=
FdxiLWFwOPPVRkktPPG9i-2Fghh3vKA5qEDn4iJsFAnUwSR2u9f5Dyy1NU-2F-2FI-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Khosla Ventures</a> and <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUglNo1fViNgEQzWEqMBpaJtvS1U3x4EX-2FPN=
4Ge6eSx5A-3D-3DHFdt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxx=
sgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0i=
r8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG=
6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWnnx-2BnDt-2Bg5fGW0ZpkstFfANG6gusJBF=
nZbLGuMOCzAWWzlW96Owco4DTuDndEUafcPoEYFSTRTtdv-2FlhK-2F8TaaWd7s-2BoQARZ-2B0=
XW-2BuKjWkLX-2BOfVrVO8f3YXYMayuU2kO9NNnHfwBjbuphEKsKTyxg-2BuWMVk8ea6RmcALul=
gVC4OI0QCHbGiOfJFfP-2BpaQkc-2FrjL1IsSozRvfK15N1D4i4c2zUw79ZJ0G3glPNAQ7Qu-2B=
PpokowIJvyeFaF36KHWIQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Kleiner Perkins</a>.<br><br>
                               Paris-based e-bike startup <b><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzUglNo1fViNgEQzWEqMBpaJGb2V8YtbytkkTcp4utdPwg-3D-3D=
Ypkp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqL=
AxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs=
-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM=
7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M=
9Fvb5zx7nqWdWi7I7bgiXpUyWkrMcLxnhrGjyAlgCCCZXT3IotzWm8Q-2FKUJ3ITNajnq4Ox7WB=
8HldjPGauoZn043dM-2F6UrXZZMTF570yuPLBw2JpsJFJYpiPqq-2FnCjW15hn-2Fn671VZ2cR4=
QQ9o0O4ew7-2BgzfuhiK61o4ix-2B2DKK2tBqaZZLOO-2BdyBuJ62k7ayeKc0vZAqMHPpUzIMwa=
OAelKQdIWq-2FSrxep4IdtyYjipAP7W8SSTgx0vsIXjesnyG-2BG-2F74DvVaZjl83Wh8dLjHz5=
BI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Upway</a></b>=
 raised a $60 million Series C led by <a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzUglNo1fViNgEQzWEqMBpaJ9cLnWPQ-2BZ4J2iW3exYrEaA-3D-3DPBJU_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S=
-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw=
7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDj=
pQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiX=
pUyWnPxAhruPk2NbDyBUrJs3tOce4pkOJHp3yQI1g-2FDyqOj0jng83FPYHgKtlq4-2BPKDswBY=
dc6JdWS9gXbczLHfp5jpIY-2BEv2AT-2FWvHFj8PVB47-2BaxDvMQ5zcNZOgAYkf2gVRAehKiyr=
YaqKjWyrr3xHrFUuNdfMr7PsfbbB5Ltq-2BvxJCadYvb-2Fh7IF-2BJk1vn0ZAjpatgMIx-2BGV=
t3U1BTA0e95m4SvRETYrtsT5wqayxkpCCeZoDQ1mlrEUAg3yZaFjjI-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">A.P. Moller</a>.<br><br><b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUglNo1fViNgEQzWEqMBpaJS9zO2QJyzog950BmHOBmy=
A-3D-3DTyX7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCW=
VW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy=
-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0not=
cl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkWm2Ra2fll3rNBHXbuvH-2BGKTN2y83H6anJTl5tZ3P=
Hqs-2FrOCXuo99mZlk2L3eFpDz4dANURnKB1CREdwj9gyZ2auvWz8UicSyOho4ifEDgjg66n7QX=
akS6agP7fYFbz8qxlYgvPfZJ9YrPJ7F8VC0pEfJHIs5mWKLks78SfZNv47utBv3-2BUZeNSlbTP=
bNiNiIMYZRAD9Ae1AqvCZqBnvdSBytytOtoz7AeL2hwggVAjW6EVvZ-2BlSJb0VJXxD6S6Wg-3D=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Inception</a></b>,=
 which develops diffusion large language models, raised $50 million in a ro=
und led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUglNo1fViNgEQzWEqMBpaJY=
5ET-2FpJOK1FYI2nnlk0yNA-3D-3DWzGh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCg=
ahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bx=
UBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHR=
IX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWnZU03sqV3zRn05-2F9YH1=
OMUIq4bQYfY-2BoinW0-2FAkr0brL4hzP-2BrQsDdyGwHjnt6t6MJBDQ0g1kq2iz6QcY68Keyvq=
pYacuNDvs8ne3clXkCheHH-2FcSNPDoZH8NQzstlg1D2YybfxwVB6HjOXVWqHzaQo43YYOWg1nS=
NV9JrCnLqqOVLJxUirK9jve8Aig1LXcBNNGME-2F3I8TaSwfmMabbVLpvxY2aPKMiQbne-2BH0H=
4PJG3Bi3PkoyHAQbNbQoX-2BviA-3D" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Menlo Ventures</a>.<br><br>
                               Cybersecurity company <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUglNo1fViNgEQzWEqMBpaJVg9fABXIBkf2axz6deWilA-3D-3D6szA_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR=
4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEm=
VNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQO=
JpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5=
zx7nqWdWi7I7bgiXpUyWnTKUiEbVeowz7DRKX7BU7tSfK9HPutGwt6026s6Nvkveza7gUh7txRR=
e2-2FTsihTUJJ3dGwJFmQCgCo5iFLCZIzG6PEmUm3jHsTaTLINqHSuqDFGM5m4kSVCuYuwaIqLv=
wXdn6vl1shO6QxPZbDcxzwVqSuGLMNZxRgOjWAxnsl35rgcL2jTsM4SDFbkRMtpEmj4LyxKexfh=
76PhgpK6GgEJbNdS2sZPTr3YlOW0CQheFR3Guc6dgMij2b7AkWQluw-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Truffle Security</a></b> secured a $=
25 million Series B co-led by <a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9y-2B=
krRnDsbeVuTzAaM8wO0tCI23vw2T47GZc2UCNGIw-3D-3D7tsB_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mn=
eieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A7=
95m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6=
cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWksws=
wXqKowxYR59DVr79I-2Fw40l1-2Bdij0Eta8-2Bsxy1NB4Zg4ll8i-2FU0aeDGAn8flfjTjNa1-=
2BzucBN4oAo5pj6kfOZMJl6AuSal5clgT7bzL-2F9OZBzHlLaJxYGf-2BW9lpM7kKt-2BJMZcC9=
CE-2B3kQBrpx3IiBScrk-2BM8QlP6eisPFwNwm5I9Pgj1fs2E-2B9oU-2BS7SqWCM9LCA1YXHee=
zT-2BJrAa9gJSWfuvOhFt1nK8BZaj3x-2FOdOS-2Fl-2FxdWQgYC9rjzHrBM-3D" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Intel Capital</a> and <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPHpIKfJDDHccr5n-2FLL0RXT27-2FBkIrARdeaFtQ5=
VrPrQ-3D-3DB7ZM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVA=
MCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ=
3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX=
0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkbS1WcPVec7h8dbSrCtZtCgQkw1y-2BkmJWRWlr=
sJhZYgj0R8wXwU2j6Tbdf1BzIAnr-2FDf7Plx8J82aB48BKOGM4J3hTErKc8XRKbGUlcppIee43=
kU-2B-2FuVCrjyazzy4OrjKf5DHbaLZxDW7Hjhm1OkRcNrhFeoosc-2BH8qC3-2FsvnDAmhbQEV=
GBcwIt3C3mexdW7UtjNlnPBXh2-2BgwQ78NDvjJSAQ1qEu1077f1AemE9Thpk-2FBCDQbM9Gj-2=
B6i9hBOi-2Bqg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">An=
dreessen Horowitz</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9y=
-2BkrRnDsbeVuTzAaM8wOCy1K53yqhI3UE8pkJ75FLA-3D-3D9EN__I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK=
1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z=
5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2=
lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWk=
BkThe7eKLPCUxQ77ZOu3GEVT1qgdAXV4MSkIZy-2FjEtuG3-2FhQXrJT1z6OXkVovurTNt1PqAc=
Ukrd0ub-2BktpS-2FU2Hwnu-2FHnEAZQpaIe9kXMMqLSD-2FSvRGZ-2B6CMvoucPTtYu3r15beJ=
0ItelRAhgvW7XipEyqflB1AHuk3qpYep295xPP7mo6FkzSK0tn8rgL-2FpCfqGhlOYvC7CcU-2B=
dE0kUCUyIsRqvqlDFfWhvsC7BvW45nAUvxo6rysP-2FteqN7QQA-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">DualBird</a></b>, a data infrastructure=
 startup, raised $25 million across its combined seed and Series A led by <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9y-2BkrRnDsbeVuTzAaM8wOl0jrdS9md1MfT=
Cyip7fAbQ-3D-3DYtkB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxx=
sgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0i=
r8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG=
6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWnjXsAgLcn-2FmFHRAYGnxhXHsRsuUiRwR-2=
BbinOoE4iltqEodn4l6Z3lefv3ogb4Ze4pPqHeZNPeTY6EhQu-2FCszumA-2Fm2l80jfEO3-2FF=
tazxnITaQX5CvlT5LVuBxlsPiQQpJKv8Y5aZEV7DPzl5ei4GbykxwmBSOv-2FwUYuyjsJi1P3m-=
2B0OGx07F2OpMwsBOyil26ynGhjrHkhIXysUAZir6KQ98T8BAkuAUsSy3KCxcS-2BcZruJUQ-2F=
N5mgskKxw-2BUDgUE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Lightspeed</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">Singap=
ore-based data center company <b>ST Telemedia Global Data Centers</b> is in=
 talks to be acquired by <a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9y-2BkrRnD=
sbeVuTzAaM8wOy6EUqOu83t-2Ffy8GmaczJbA-3D-3D20QX_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneie=
q3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m=
7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg=
-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkPzrLVL=
MwD7WTt4uCe5Ryd-2BgMuXpW-2FjkN1V75LicWUMwchSU6Gbs7gyyWlDPcIoj5rc1bsXl-2FO3z=
kDxaxDN5VkDPtlTjBqCVEIGVld2AxfE4bRprupjQB5M9N83S7aS6VQwTqps5cEIeYb146w-2BA4=
i4Ux2OyEwgsZws0aEos4P6MaXlm-2BjH5q4CeJfc-2FMj48w5JjyKDc0hEDL4iv8ss7gzdokl4G=
0Gm9mYYdFwlIJDNFVqggcPzBEiQxhLtSPZFOE-3D" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">KKR</a> and <a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9=
y-2BkrRnDsbeVuTzAaM8wOY2wCVOHwcJF0uzdLfV9nxA-3D-3DXxHn_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BD=
K1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1=
Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot=
2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyW=
leJtHEb0ysI6CrpcxHljs0v8-2FWAxVMYuBuCAWaFDiwHxRyxD73pEKy0ywPKYSMWcqwlSWbwGk=
w92IY47dqRbsZ6tx1sKsAIk1nfpeppcMdw6E-2FpTO-2F0G6JzPtY1XXF9W9P7WZxiq48CZbsiP=
PuEA0zsec4gklLIFFTrFq-2BnOeslvsUyr8SKOLoM4gzaXGZ7lNo2fWuCjm-2BR4qmev1BIZidr=
4t-2FyRVyg-2FgPsLrpSQL3b7pUtgX9QWQT4CJPjhf-2FkTY-3D" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Singtel</a> in a $3.9 billion deal, Reuter=
s reported.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9y-2BkrRnDsbeVuT=
zAaM8wOkVhFExSK1rv5Tg4OHZ3Rcg-3D-3DjCU9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2B=
k23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pV=
dKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqR=
GFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWn8Nv-2Fp0qBtl-2=
BQGgaS6Vc3sGkVsV1WjX7fnT0Yf4zr9d2MMGs3XpkZ0TSs0pyu95Vi8lL83jF912hjgM8Xo9OhX=
O3CYuvI0BhTvC98bAy9bW7HjLz-2FVbCRfz69nUNCFH5xvj3fCnDOT2XUInQFYICSUGuzNWZEZt=
aP2s7bky9OFEuIxsNo-2BDlsdgLl8K90mwI2bew8QqJC90TGwURmMy4Y5kZaWfv3QORYAgyyxyr=
T7lqVbaID2DoqqsHQVclvTldY-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">RedBird Capital Partners</a> agreed to acquire British newspaper =
company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9y-2BkrRnDsbeVuTzAaM8w=
OOTAElTP60ez-2B0LJrOjQmeA-3D-3DiJ90_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23a=
CgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3=
bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfg=
HRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkVHDMkjR6f-2Bdsd5fc=
fy3v9SDyVN17NQH4A9Dyg1YF04Jl3n8fkTKkHGmZacGHmo7gpvj4j-2FAVWHvNghYMOIJt-2F48=
jW3KWD-2BYTkjZjKAaDm-2BG0sdxmaUlZcDSktW8bkHCSwTlpmAFsssDdET5JyfF3HLz4yF-2Fk=
64G2Q995GqyoAltpdWgQOvfOiM3wjZXV4C5lQrClv6EyOLDm-2FdwEuz9XxheksjRnIpcgyHrS0=
tAi6DrVa5-2FRIU1P6sxQ6gdDSg5U-3D" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Telegraph Media Group</a></b> in a =C2=A3500 million deal.<br=
><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9y-2BkrRnDsbeVuTzAaM8wOAHNPmk6=
nUPMUnd7MTemEgQ-3D-3DCM1A_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9o=
k1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93=
UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMA=
wuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWmCeEadde5BfqTRdt7nVXEM5R6Qem0=
ejOo0TG7-2BeNLftoo9QXvwKKXh5iueoOCNuPqUInkVWvC8SoQePhM86uwnDA3ujBvH3f65V5SO=
lX5egtu1ZpVlDjBhoG6qBZu-2FTFXkLDE-2BLmedjXiK9r2MhKSCTT4Ht6hzrkeFBboKiVTmhPH=
4iS5jCBJ9AOQUVs72-2FNujemsTopjzW2-2BCzWG82aVWgnIbiIFj7WtHtgYPb8eTVGJJbwPyyC=
uJhibyuWaZzwc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ar=
dian</a> acquired a 90% stake in <b><a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
V9y-2BkrRnDsbeVuTzAaM8wOhKi0nD8DfVeP73FzzOwTNg-3D-3DNl5s_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2=
BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7T=
Q1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQ=
ot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpU=
yWnhpCCXsa-2BYuiynzRZ1NVurfGT0wenBkjw5TYJ8lAILdRILyc-2F0gOYop1GC4n29ebA8c2I=
IOJMjhr06u3681ArFIoItY-2FGfLDdAZPb6a-2BnF-2BS0MkfFAVfbjWVlJ8fRM3yLUDwF92Fpr=
8iZ6yL-2Fi34slfYXO-2FuTYu7rStCmiZT3wquX5uWJZXIGMqAHVjmXFTIcJMoJIbR6TW8L9aGe=
1ObSmVICJYQylwo3XH-2F-2FfZgOw9IGcPrfqmN-2Bp6rwQWBTnf6U-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Centrotherm</a></b>, a German compan=
y that makes equipment used in the manufacture of semiconductors.<br><br><a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV9y-2BkrRnDsbeVuTzAaM8wOYmTlSo0N3irqYI=
BTrzP9Cg-3D-3DC-dj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxs=
gVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir=
8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6=
TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWloXz9QC7z0Fxm745Runflh6i6cKwEWmYrJhv=
bIj2f5MwzTADB6i-2FsAz4c7BFIr-2BaoSe-2FjV4ogNX7BLQZMHukpcj3XceNiNNaLbE6usZ9w=
bOpjJhzcAwbe42jc2fk4t9zjTK1TFesCx0SgX7dNFxRCsTYjX2YpzGAtJWpx4xS-2F2B4UFDZX4=
mliqbHhgsbW0vRzxJLukWRko-2BjwhEZfDbSlDRupXU45-2BM4fqVGXip-2BZvF5ABI1PqfBEeu=
LpSlTiVMJ8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">TPG</=
a> is acquiring industrial connectivity company <b><a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzVPf1POrMrCr3zIKoZimIxek81bjsRYtOWVaVhCuLDJaA-3D-3DxeRO_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLX=
giQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1C=
rS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVO=
b-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nq=
WdWi7I7bgiXpUyWlbKwnkR6vk0cw5GNs8bWdDFzVtThKJywgSBNIaAZSXjdJ0ARb0NTfkzw-2Fy=
qTyNrfiaA9Jo9nKvJDdaHROZPQkobMqy6hWDw96CrGOXPpx-2Bp6Sd3-2FrQqMqn5axp8SvVvbw=
ODS6VwPCJGVQ-2B6emfZnm97CPK0zTCzQ6QPE2qBM9c1j-2F7gM8LBFMZGuytwSi5OTj4RmS1aV=
0wxiSI3cMm1hIPjgdl1xTsQmFOxOfXvVXmne6K9WFTf9LzzpQkjll6kSI-3D" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Kepware Technologies</a></b> and =
internet-of-things business <b><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVPf1P=
OrMrCr3zIKoZimIxeZkIbLFc77cWBWGtQw-2Bwdeg-3D-3Ddus6_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1m=
neieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A=
795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz=
6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkbt=
AB2wcTeL1L1lOSDDMbaKgrCOdWQ0DgoEjfzWim7PICLkW5rk7C1w4pUD2-2FquLpdK-2Bln1tJk=
K4lYQ9C-2BeMcc-2ByWOEkgSLIypkCkhvXTCUyxvgBdmEIMiQvOMBO0wIBCY4-2Bdoe9N428TJ2=
q-2BAw-2BzoGfxlF0hRk2N-2F-2BT0XYX4f02yRmYiIS66D3zHeHvyuvGzdILHVv2kqFTScAVDH=
MWG1EIpl3zZAyu9DH9y8aUS7qsD9vithFQ51s69I6oeax8Q-3D" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">ThingWorx</a></b> from Nasdaq-listed <a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVPf1POrMrCr3zIKoZimIxeDWgHG7kHEYqShrm-2Bs-=
2Frzmw-3D-3DTBiJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgV=
AMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8y=
Q3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6Tt=
X0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkZr9bLUsHjb-2Br8GhnJwthKBXVN-2FbwtybZE=
PtjlRAiwc8HfwVzcehlXuTSugCDQT-2FA1NUKkRt2zoBb9uB4uHvTv-2FadZgCXqBvbdfvYgnsk=
HXTyUW0vGwJlXmt8KDG-2B7EpQ9i7PCTYnFu2LV-2BCV-2FnLyPrzuJ3xkohBUKS-2FH5Hc9YFs=
Z1AAP58I-2FsFJH9a8U0Go3VspPxKepn0BMhsu5fprI6wRdeGMBmT2aAbU-2BmZLdPNXo-2BK4B=
mbfySzmGDD2EDa4E-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>PTC</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVPf1POrMrCr3zIKoZimIxeG7y6RNdyOFxIcoNw1Lf1=
dw-3D-3DPJlH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCC=
WVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jg=
y-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0no=
tcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkpzUKioJ2XZdHbTOSvcY1LlYkVlUdo-2Fyfvow9NOw=
P7mDGZPv8tO-2FXFgEI3lgg65OrK4A2LWAT210owsYLUFtukDUJzr9o1Cw-2F5xTbOLsztJaWdE=
OEbt3-2FtheJe-2Boy22xzuGuh9RoiQtv0YuPk6SAxyJ9n1dkth3eCIMElMAMWXLVk5gi2lRmuL=
kL03xT5PGcca7qFVFO0awflPbbglP1DCqADi14a0DhboQBwy2XafOjGPMNmvHyRGdzOEOEmxR-2=
BU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Hummingbird V=
entures</a>-backed precision diagnostics startup <b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzVPf1POrMrCr3zIKoZimIxetDNxGB-2FjALJvhaevq3KhMA-3D-3DE0Es_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4b=
VLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVN=
m1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJp=
fVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx=
7nqWdWi7I7bgiXpUyWlU77R1EesQrpgdexUdCKZ7aAImO2VyeyQmOtW9Z9dIbkEKreTY6E76L9C=
uJQt-2Fd-2FUvTCleAo0WXIMWbpys7s-2Bsimq7lLdxU91-2FA80Td2fE3SVm8KdRZx4RW9b84A=
ygwbjDrZMKy6IBn4u2MzIekNWOMcIGxLwD-2Bpb280UTyk17VgpScoyHWzSFDkRkNCMXuIvns2T=
J5nQvjBj6VzcGhCQgy6LjcZ6-2F7j7p-2F9xdleoPPy2YXonZim0AypXEk51eh0w-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">BillionToOne</a></b> rais=
ed $273.1 million in its US IPO.<br><br><b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzVPf1POrMrCr3zIKoZimIxelFxViesYt6P-2BbP4kR3XL8g-3D-3D4B_4_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPt=
hrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgB=
rwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvX=
hykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I=
7bgiXpUyWmxcrrp9wK7ieMbjKT35vcos1NCWRbNjUWp72-2BltqEq10as5eDMD-2FL79InLhCPB=
77CAbGZSHtSCCGn9MzaUE4Gl-2FvdGyGFJhfUaEVB-2F4d59PGK-2B-2FAuYDm7Cu-2BwbIerdf=
IXKdlpPQLVAgEGEjjlXubmmUk-2BGfuVhfHceyI375bCeNTnJPNQM-2Fl6ZiVhGISMzBEfApXyP=
pZmt2grli52-2BeuuhoUoZdCXxziX2yzj8S19PXwZcbwU-2BF4bWdzaIxUhzmDE-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Evommune</a></b>, a biote=
ch company focused on therapies for inflammatory diseases and backed by <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVPf1POrMrCr3zIKoZimIxexCFUhox3VH2jjL4wf=
-2Be2tw-3D-3D7V8V_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsg=
VAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8=
yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6T=
tX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWl-2BvxYvT-2BguPVkMdwUjFOJJeD9qdgU0Dds=
EuyAhvONWsFtjOxOLU-2Bdt5VQnqPxLrCsfIqyJyPqwi-2FnQTRGh418lMFVWOo0sU-2FqjDeVJ=
SeBpo9E0PWNyJ-2F1eXLKKlr0PnjfNsKe9oIRBLsJ0mbPb7m6LFG-2BV-2F-2BiDfWqDNpB7WNs=
sX-2Fg9z-2BwgbCc2LXAF9ojQ-2Bn14MXViS-2FnwDz2QY41KK8mIJ3w-2Fqj2399VuRYYP0dN4=
GsIIyvm6-2B3ymSUZ11pIkxBk-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">EQT</a>, raised $150 million in its IPO at a $481.2 million valua=
tion.<br><br>
                               Singapore-based private education institutio=
n <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVPf1POrMrCr3zIKoZimIxeE4dDnrhnC=
pw-2F5HgDZffMHA-3D-3D9ZZk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9o=
k1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93=
UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMA=
wuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWleZzDAqvR7UmWVRW88Zc8HYD-2F8Z=
mtrMkS3KoHSkjV0cJSWqMVq54qVRIE9B-2BcfTHaJyHGz3ylggYQQcgykaHaDQt4kn4STwFXGLq=
8pO643rccS4Fucnej6Hr62iub1ANu7N6dOYXXzHJfyLx1YC6bkVYWNDrCpjExeF2s0egtNNklq3=
ZHwCZhwRGnv50pnZkOCV209Z6ZymapijJ1FXTU3CIwb6kEn4LIggqx0kU-2F3ua1Gr2HmfrInlT=
o1CaLhEIE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">PSB Ac=
ademy</a></b> is in talks to be sold by <a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzVPf1POrMrCr3zIKoZimIxeaXjPIuJEzhtBTDxnUSerGg-3D-3D52ST_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S=
-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw=
7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDj=
pQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiX=
pUyWkOpF3VG0TN5pOXifKEljWX7ZxK-2B7OHYSVXLSwV-2BF7ZkHXpZABbCgh5io-2BPECcsxlu=
sKVBwwQLWUlUZa7Yw-2B2mvBTmPvZ2aHUstxRDLrefD5mMM9g97mH9ozZMp6WZpWIrq9yz1lBXD=
kIERxhob6oFksjXcsxhA8MuBbFqa0aB8Yw0FejvpOQkEeSZNVbrKUMVXpclsv18A06iSQ4Ops7R=
qgYMTQY4-2FUyI4-2BtS3y44CBiUpVngFlfpG1YmSQQsBz2E-3D" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Intermediate Capital Group</a> in a deal t=
hat could value the academy over $380 million, The Wall Street Journal repo=
rted.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVPf1POrMrCr3zIKoZimIxeh=
6tbGhZWFF9r7CmyWqfgZQ-3D-3DO0AZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgah=
Di3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUB=
fibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX=
-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWmHaaLD39cgofo-2FWuclqhS=
BtfX-2BgbU38PtJldST41ELjSN1AsTV66vFmOdPZGMIJynRorlFP3-2FAhbu5zV6LLk0R3Mla2u=
JhCIVQrYVMhAmeoTe7XcOG9FK4asNyaOIjwRbc8GJVI8yu9l1-2F2ce6TeX5V5rgvLoM3ck9-2F=
oeJPi6hYWXIvFmrYrQYhaSWMN4maTdzMcE66ijQltIMNTHekLElMIxSlvLKltReuIJ7P-2FbEiV=
HhYVrA4pzNw-2F8gevto-2BY8-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Bain Capital</a> chose banks for its planned IPO of Sweden-based =
infrastructure service company <b><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXY=
vHGzTpq0TUVD6LNQJ3p4PRltMn8TvPAXc-2By6Wx4biw-3D-3Db6u8_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BD=
K1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1=
Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot=
2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyW=
kn5UG7HTTWKCDkN58uHY4NoNjSbzZUT1yDrnSDamsqBBiC7UiqygubQx01p0TyNP67CvJv8VGpE=
wEJEzrMLtJCVQlLpvdrKHoI-2FcOO7DpSCh8eF01-2FNzT913M3LbOSuTzCtraB7E4vsDYw-2B4=
dgWOJxMHsVgUXfac54AtB5-2F3yryqqdOeM1Exyvvkfpx2MFaA5E6rtc3pPN1zkyOn3ozGXnFrq=
KSDRwEIgXvC9IDM43WTi8w6p4fQrLY4Sv-2BLSv9Z8-3D" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Eleda</a></b>, Bloomberg reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>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-2BaqM7ONnvsnswouzVPf1POrMrCr3zIKoZimIxexCFUhox3VH2jjL4wf=
-2Be2tw-3D-3DK9aj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsg=
VAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8=
yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6T=
tX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWn3GNxrWFYVdpPiLMwQvL-2Bkzu6Qrg4r-2F1V=
RWNAdg6nRpGJBoTyMBn1MU1rlDTz1dY7IkmiDxzItoIdzLDgm-2Bi9LBbAnFEhuuQJT0O7Hl8Fu=
rDmRLS4UUmwLgLreh4p1GRUTE-2FohR-2Bhmy1sL3kLHxpMj2Dw2kklVgzTSN1yPU1IidqRg7Hc=
hXyQC16EVtwRVeyauoEpUGgIAR8maWt-2FPOtjp9FZf-2FgELYmk4Bz39Nmi1hTc15w5WynyusR=
n0dMllwi4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">EQT</a=
></b> has set a =E2=82=AC24 billion hard cap for its EQT XI fund.<br><br><b=
><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXYvHGzTpq0TUVD6LNQJ3p43xgatdwn1cnWx=
Kr-2Bn1tUHg-3D-3DGH_N_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFqLAxBmR4bVLXgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uB=
xxsgVAMCCWVW1ZgJs-2FEmVNm1CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N=
0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwutt=
KG6TtX0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWkcF35Qm5As58qKy2mQwJpTnn8nTb-2BKm=
q-2FLhW-2FlgHMwIzt3unIXodAMi512vqjc-2FZx7lnKLI-2BHamHUaTXqstPfje7-2BxiBcMl3=
-2FN8Ol22u8lPFcluRcsxi0Yz1Q5y8HqZ350QEIfi5i5lfkYf0njYxY1Fcxgb68QXFG9v4DiLuM=
aLW7XOcfySECLtCiBKDN8eqgEEH-2Bfde2Hzl-2FbxlzaM422TYaKCBK6zCvsCkLBGa6xYz6Ssu=
zsuNIUDinc5REINTo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Generate Capital</a></b>, which focuses on sustainable infrastructure inv=
estments, has raised over $1 billion across its credit strategies in the la=
st year.<br><br>
                               Israeli VC firm <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzXYvHGzTpq0TUVD6LNQJ3p4-2B29ahK2tKP5vawxyUMfXvQ-3D-3DAG___I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVL=
XgiQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1=
CrS2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfV=
Ob-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7n=
qWdWi7I7bgiXpUyWnDc0mctxRvom58ZRBA1Bsqi8FMHVlsK1ElNtpgGDr4vitqxGelYV7YvO-2F=
dTdNVe0naHls9jQEENLciR-2BYelU1DfqsgXmB3T2KSzfwliEXBW07Dj6StahRLJcsEMs1iJELW=
GeK6-2FUQqlSQVol2RQXnO-2F3Out74Pc3TPGB11r2CVcvjUEZi2uJqZobK3OQHEH-2F7PpsH9v=
fwu-2B-2FJND8Vxgut6U5BasiNfHzp7BMnSFDkPAx251K3lqJfG161GNzHDnlw-3D" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">Pitango</a></b> raised $300 =
million across two early-stage funds.<br><br><b><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzXYvHGzTpq0TUVD6LNQJ3p4-2FM98vf9sIkiaP4NXPFd6FQ-3D-3Dc-MC_I3w5d9=
c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFqLAxBmR4bVLXg=
iQUPthrb8S-2BDK1mneieq3FOM-2Bk23aCgahDi3E9ok1uBxxsgVAMCCWVW1ZgJs-2FEmVNm1Cr=
S2HgBrwPfw7TQ1Z5A795m7HpXP4pVdKj3bxUBfibY93UF5N0ir8yQ3Jgy-2B-2FM7TxQOJpfVOb=
-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX0notcl-2B5M9Fvb5zx7nqW=
dWi7I7bgiXpUyWnWxXJaojKoOmJerzLM7TR1EpvuMj2ekagtDQ7IynmxXexGud4Ed1DjYRvLbr9=
kC8QPXicii3jrU-2BXgi0kNxH02uiiXKk8eq2jP7c2-2FqZ3WBgVFlB4v8HdA-2BOEDcvJ5r45A=
JVd9udF2kNQ8mmYorb5NGCV3MwVoXgaZ9oS-2BUPqCPu30JeWKXzxfVnD9CJH2VUhOBTaRKux1c=
gN4XQj2AAJS7zbmyaEqPWWs-2FZSio0qTjH-2FGtN0VMphUYPjj3CHmKz0-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Balnord</a></b>, a Luxembourg-ba=
sed early-stage investor, raised =E2=82=AC70 million for its debut fund tar=
geting frontier and dual-use technology startups from the Baltic Sea region=
.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXYvHGzTpq0TUVD6LNQJ3p4Zb6Xv3i8UvX7t2wrz=
o0BIA-3D-3DSHkO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
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3Jgy-2B-2FM7TxQOJpfVOb-2FvXhykDjpQot2lz6cwg-2FY8TqRGFfgHRIX-2BxMAwuttKG6TtX=
0notcl-2B5M9Fvb5zx7nqWdWi7I7bgiXpUyWk3Wwubv17FfGTAGZML9orHYXPiUPjmCJ4eMymRg=
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MGFOo1xQrU8GaBjd49kdMJlXFu2l7qoba3kB-2BE3a8uyl5ySqeIkI369Se-2BlAQimTE8cOhDc=
E-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Warburg Pincus=
</a></b> has opened its Tokyo office.</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;=
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                   <tbody>
                    <tr>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
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                  </table></td>
                </tr>
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 Arial, sans-serif; color: #78766F;">
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src=3D"https://img.pitchbook.com/news/71185.png" style=3D"border: none; max=
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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