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Edit File: 1762948821.M901364P1150137.server-619288.prediksijaya.com,S=186335,W=189670

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Date: Wed, 12 Nov 2025 11:59:38 +0000 (UTC)
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Subject: PE's European power surge
To: vetyl@ponjosonek.com

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style=3D"color: #78766f; font-size: 1px; display: none !important;"> Return=
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DyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2B=
PtApeZ7kAUgzMvPvmMSXdmh-2FIXVBYUose3daRCjhrM6lAVsLyxMO-2F7eQPIWcZ-2F4S-2Fn5=
IWbzC-2B0zpFIW1ET7LTW98nYaaT0xWAvyLLBWbSwCgMbofLuAJIaV88BZNBf-2Bl8c-2FFoJox=
a1r0GDLg7bWJ3QQT79rLC567q2Xf-2BK39pcUIrwNqhsWjxgfQ5lQTLklnMRTHnRNNZhDEMgJXp=
INuyPAMJ62wb88Hz-2BMsaFmjCFBgb-2F10Gk-2Bx6uBt-2Fe-2FK-2F7OgJqolWsIsbs5rxZGi=
37ZDUA8DizY4N-2FXH9EfQ-3D" universal=3D"true"><b>a funding surge in carbon =
tech</b></a>.</td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574598" id=3D"n_574598" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> AI power demand fuels PE deals=
 in European energy </span></td>
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Andrea Gaini, Private Equity Reporter</i><br><br>
                               As GPs seek to capitalize on surging electri=
city demand driven by AI and data centers, PE investment in Europe's energy=
 sector could yet set a record this year.<br><br>
                               According to PitchBook data, as of Nov. 10, =
the sector has recorded =E2=82=AC38.6 billion (about $44.7 billion) in inve=
stments across 245 deals. Deal value is already above 2023 levels and, if a=
ctivity continues at the same pace, total investment is expected to surpass=
 last year's =E2=82=AC42 billion, marking the strongest year for energy inv=
estment in the past five.<br><br>
                               One factor driving investment has been the r=
apid expansion of data centers, which has transformed energy demand across =
the continent.<br><br>
                               According to Goldman Sachs research, Europea=
n data center power demand is forecast to increase European electricity use=
 by 10% to 15% over the next 10 to 15 years, with new data center capacity =
potentially reaching around 100 gigawatts by 2030-35.</td>
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ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
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GT1Ss9KFvZpLlpYPQ-3D-3D9UrC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BV=
zXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQ=
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cSxQDad7Cc-2BPtApeZ7kAUgzMvJROc74NACqrG-2BSPnv-2BnD7H9R52J2yf0kYxKdeKBALgSp=
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wMNj6bdLdrAiEFi4x-2Bx-2BBHIe8-3D" universal=3D"true"> <img align=3D"middle"=
 alt=3D"" src=3D"https://img.pitchbook.com/news/71325.png" style=3D"border:=
 none; 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>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">PE cap=
ital flows into the sector are also supported by easing monetary policy acr=
oss Europe, with both the European Central Bank and the Bank of England cut=
ting interest rates this year. With inflation broadly in line with expectat=
ions, increased economic stability has boosted dealmaker confidence and low=
ered financing costs for large-scale projects.<br><br>
                               On the other hand, deal count has decreased =
significantly compared to previous years, reflecting a broader trend in Eur=
opean PE toward fewer but larger transactions.<br><br>
                               Foreign capital also plays a significant rol=
e. PitchBook data shows that =E2=82=AC33.9 billion worth of deals involved =
foreign participation. This already exceeds 2024 levels and is on track to =
easily surpass 2021 and 2022, making 2025 the strongest year for foreign ca=
pital investment in European energy to date.</td>
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cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from Moss Adams</span></td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574406" id=3D"n_574406" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
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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">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"right">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"float: none;
 padding-left: 15px; ">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"text-align: righ=
t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV479UwFXZxNBI=
e40oEqyeASA-3D-3DIak__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43=
kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9g=
Y2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyz=
c3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDa=
d7Cc-2BPtApeZ7kAUgzMvGzkfe1njSZeDR946GpvFQSHYYmo-2Bm7OyQbiUpTy-2BHdhtPT9Miz=
4SVt-2Fxhz-2Br9WazGpi-2FLp-2B7aw1haYUKgKMJBuNVWl0EKX1tej2CGLQO0jVL92AsvaNMq=
ajCVzPfYxDfDvxtlyZve-2FzWTpzxtCdMFtT6P7l1YPVhHqpIZkEGtO-2FG6LIhlvaCrx-2FTQy=
peQIaqHIQ94TJOx2mzJ3RKdFCdSNx-2BYZ0f8DlTACNFgalf869qHLgfqwKhopnwhkmxD8U43Xp=
Gb094FpAUknAKvhfZQ4-3D"> <img align=3D"center" alt=3D"" src=3D"https://img.=
pitchbook.com/news/71291.jpg" style=3D"border: none; max-width: 420px;">  <=
/a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>Moss Adams=E2=80=99 latest report tra=
cks how investors are navigating a private market marked by valuation disci=
pline, selective exits, and rising insider participation. With over 90% of =
venture rounds pricing higher than prior financings and PE firms holding mo=
re portfolio companies than ever, 2025 has become a test of patience and po=
sitioning.<br><br>
                               Key insights include:=20
                              <ul>
                              <li>The share of down rounds has dropped from=
 15.3% in 2024 to 6.4% YTD.</li>
                              <li>Late-stage venture accounts for more than=
 75% of recent down rounds.</li>
                              <li>Insider-led VC deals have reached a decad=
e high of 9.1% of all financings.</li>
                              <li>PE holdings hit a record 12,552 companies=
, with longer ownership compressing returns.</li>
                              <li>SaaS and AI &amp; ML drive nearly half of=
 2025 exit value, while life sciences trails prior-year totals.</li>
                              </ul><a href=3D"https://url6380.news.pitchboo=
k.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-=
2B-2FPR5VhvRwyvGJHfV479UwFXZxNBIe40oEqyeASA-3D-3Dkf_v_Pr966knuaHmaw6c7pKvB-=
2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnk=
fguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJf=
cwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8W=
zHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvH25dq33mYVZ0S0GLI-2F20=
WMRwkFLMOe0asJ-2BDjZ5RVg-2BakxxFcXl-2FF-2BRRNftDoghZmyXU4-2BGx2wGXb0q9s6eRJ=
xKwqdtzFE7cZbbuWHXMEa2ufn-2F03QfyHPL21-2FcTU1qS22GeosvsF1tnkNDJWOxINV-2B0HL=
DfGhKiB-2FCgU4RxPxqkbPAKjmMs3IbW3umKxM3vxyVyHxeaa0S7uuPXqK84jdKwVM2-2BSfGRL=
FJjCwswTOKhS9j4OwZFj2HHz8Nosvd2S45yKLmHJXOUpZd-2BygmtH8-3D" style=3D"color:=
 #1D5080;" test=3D"">Read it now</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>Catch Up Quick</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">=E2=80=
=A2 <b>VC funding for the carbon tech market hit $3.5 billion in Q3</b>=E2=
=80=94jumping 40% quarter-over-quarter amid a wave of mega-deals. <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4BH0OX2WgyHHzPLhEu=
C4h-2Bw-3D-3Dbpn7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C3=
6OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2=
BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc=
-2BPtApeZ7kAUgzMvLak5o6NpfK315NrHO0MBmAJw6Sp8PfyZWJIpfyekpcqtV-2FOXgRksouAQ=
Sk03KCs6lXixcqS94rjO4Iwbqo2soLI0OBg-2BTe2rnDC9nyF4wjTb9uS412a8Sa-2BWbwvknpW=
aHpO0DBJ4AXOTpDxnyAj0-2FfpXLzg6X3Q7o-2B4rpF5yP-2BFXTlhWIeLWh3zZojZFbemy1DhG=
Xb2ATUrZrCconXRiZmENvRRl6fJcOgv92LnZei2hQsIjp7m0iObW8Xeh9gbvygyK5yjIR-2FW12=
6cumZh33M-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>See=
 what else our analysts discovered</b></a><br><br>
                               =E2=80=A2 <b>PE dealmaking in the consumer p=
ackaged goods sector</b> is dipping, but premium healthy brands remain resi=
lient. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4VQc=
7j-2FTtZG17Dm71QG0jmw-3D-3D_rdS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l=
-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0=
COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-=
2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvKhNl9ru1UKrEdttKswzOx-2B-2FEsy6HEHRkrs4kw38-=
2FhZGmFdS1MKJ-2BvYUu8yK2Ib-2FvreFrF9oGyvJG0-2FbS1z0lXheXbMUjbqexqj9rRWfKJOn=
ORYqwv-2BJiLPQuuz4Aei1GUKqxboP2LeZjNkCnG0-2BucERftzhocfeOhf0xz27RJkxLd57q6m=
3X9klkBH0T-2BmEO0FdWNqDEFdcpz8xkb95jQy9-2Fq6I6jOte4pZ1E6GwxPSRpUKDKW4oWx6bd=
WTxRvXlLXE4cmWvRkQwy0zZWE3ysA-3D" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true"><b>Find out more</b></a><br><br>
                               =E2=80=A2 <b>The PitchBook-NVCA Venture Moni=
tor</b> now includes league tables for the industry's most active investors=
. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4UN1OS3xV=
ERl2dZZOuGAz9A-3D-3D1f2J_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXF=
p9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTK=
Uyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSx=
QDad7Cc-2BPtApeZ7kAUgzMvDYonFyoJqdqzXdJSEzK1pJ8-2FnU2w6klLCjPq-2F2m7pF-2BN8=
pXts3-2BC1oIywAFGtcp-2BLoRzSlu-2FcsWS6vOtEPrR0CFzonY6-2FxEApJA8UE25pwziNViR=
WXTuW22XL-2FJj2Y5bhrjv76SZq6IxsbWXA57P7iuGOq1i5PAObD8kLcAi09DqSIJ0HnxknBE7r=
sYerUddYqOE5Z18QjT85-2F10y05rGzp4QUYSAM8-2FJuoxfbxTGLsvBwTs8trPVKfl-2FlUSqD=
gUv0CFf-2BP0RukkUZVuwD16nA-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true"><b>See the rankings</b></a></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574604" id=3D"n_574604" 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;"> Clouds begin to clear on priva=
te capital return landscape </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Miles Ostroff, Associate Quantitative Research Analyst</i><br><br>
                               The return environment across most private m=
arket strategies has improved notably since early 2025, according to PitchB=
ook's <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4s=
lQB35XnR8ozIwvUW-2FZiqQ-3D-3DqV0F_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB=
1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWf=
r0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQn=
J-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvKGCGx-2BPej9dmjbE-2F4enrP1aje7TebaKT-2FJS-=
2BuRIRrg2w6-2FxwEXBa8uTX9T2UaNchnVQrTjNWQescWxAGtA5GjvMZ6d4wtG934Kl-2F4E-2F=
Z8rfN02MGFoHCm-2FJod-2BqQpqmk3Y3dsXqJLWuAItn8R9iZfnfBx9mam-2BaSYuvYrVchbRkY=
xdyuCLxuRB6GQ9Fa-2Fh20P-2F5I-2B-2FEXi0IMt6WnY9Soe-2F9F0hQ-2BwRjpXyEYFT0F2jo=
28iUszajaB-2BDPV98-2FjJmMBdNJmo6y-2Fpw6g4DOMdZdBE-3D" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">Q3 2025 Private Capital Return Barometers=
 report</a></b>.<br><br>
                               The Barometers bridge the gap created by lag=
ged private fund reporting, using macroeconomic and market indicators to pr=
ovide an early pulse on where real returns are heading next. The latest rea=
dings show a meaningful recovery from the lows preceding the April tariff a=
nnouncements, driven by rallying equity and credit markets, stronger sentim=
ent and looser monetary policy.<br><br>
                               In aggregate, all strategies but one registe=
red higher Barometer scores in September than in March, signaling a more co=
nstructive backdrop for private capital. The readings show that conditions =
across private equity, venture capital, private debt and infrastructure hav=
e strengthened, now sitting within the neutral range that reflects average =
expected returns. The natural resources category was the lone exception, we=
ighed down by softer commodity prices.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4slQB3=
5XnR8ozIwvUW-2FZiqQ-3D-3DFSzD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2=
BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0CO=
oQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2B=
DocSxQDad7Cc-2BPtApeZ7kAUgzMvKNeVm-2F622hcDKScatZvI8NTCqRhXc4rVJrKzsY2I0maj=
9qozFLCP-2BoH-2F4s5wPJFkORIGqxlHEjasj8JgndyJ5mtWafbjNzvlbLzfOVqJ6M278TwTLKC=
q-2FdBAKfMYeiqBapdH77oYuGiDo523Vm-2FHqRWY8rq0KwqwZ5ZHPqZVxUVQVjkd7xQjh11xBA=
0cTTeO6kCrwQOJV-2B4uW-2BGZet1gy7LZyfTYGmiGqB0z8fCjxQlK6FDovAcPRujtnRQNNOJae=
uONmfnzc1Erqrgd5YZCjY-3D" universal=3D"true"> <img align=3D"center" alt=3D"=
" src=3D"https://img.pitchbook.com/news/71326.png" style=3D"border: none; m=
ax-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></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"><br>
                               While scores remain within the neutral range=
, the upward shift underscores a stabilization in market fundamentals.<br><=
br>
                               "Across asset classes, improving equity perf=
ormance and moderating volatility have supported stronger Barometer reading=
s," said Nathan Schwartz, senior quantitative research analyst at PitchBook=
. "In general, the prevailing economic and market environment is supportive=
 of returns across private fund strategies."<br><br>
                               Taken together, the latest results suggest p=
rivate markets are entering a steadier phase. Return expectations for Q3 20=
25 remain near long-term averages, but the upward drift from March signals =
that the worst of the April tariffs' impacts may be over.<br><br>
                               To explore the underlying factors driving th=
ese readings, allocators can view the full Q3 2025 Private Capital Return B=
arometers report.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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cing=3D"0" lang=3D"x-content-btn">
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order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
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3D-3DekJq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68=
NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITts=
hdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhF=
hUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApe=
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F1zk78dtGUfXPcPN-2FxK9AA66UmWaGhuNezm8jyuh0XdlanY0KzQVXvQZekusOciHneXJwmYcL=
nvW-2FBX3fmA3QnEL06ivNwrgSXZom-2BtlZzSIlmTZD9e6qPTMolfKGrrbdQnvDkq7lJcU6tYp=
69yu4HQ7ndQCqdqXHOFj1PPyyEP-2Bswo7TQARYYGWmrHmc8u8zjUpH-2FwElrRMP-2BAeN9pGq=
Rq8-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; t=
ext-decoration: none; color: black; padding-left: 3px" target=3D"_blank" un=
iversal=3D"true">Access the full report here<img height=3D"24" src=3D"https=
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 middle; margin-left: 8px;" width=3D"24"> </a></td>
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th: 100%; min-width: 100%;    =20
">
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                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
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                                                 ">
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                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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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>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5V=
hvRwyvGJHfV44IFBWLQ4vnXIiQkJAYrA6w-3D-3DewJe_Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4=
VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQj=
yRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7Bd=
K68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvJgqZnTTXPQVF9RWcWMX6muOqEWqAVe6=
Q2-2BZjKn0r1ATCi3BOa40eOi1jywlaEMqkFUH77owRJh9WLs5le6-2BvpHwCHhMdIk59vaA2t-=
2FqGH6uPLw655ksCMlgNUH-2BworXw-2FgE0RcNcLCOX7bGPcOW8PxonxOMWuc8AQUZnsGFSu5Y=
K-2FgAjxJjvccBQhYJroFOYhPb7Nf6XqedrY-2By-2B-2B4hD1dGJ-2FORr7hVCKRD79ZHxhRLe=
g3qfe9apRczi3mAIrn-2FXCn-2BWANLLmuSYsHaw7LedPE-3D" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">Q2 2025 PitchBook Private Capital Indexes</a=
></b></td>
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                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
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                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                <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>
                     <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=
>
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                 <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>The US and China are in an AI c=
old war.</b> The AI landscape has shifted dramatically in the last year or =
so from US dominance to a race between two global superpowers. [<a href=3D"=
https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4XoVIBhKBbjvl93BHfBqVyQ-3D=
-3Dm7ew_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
RQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshd=
AI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhU=
O5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7=
kAUgzMvEYbw2ecaps5Rnd5LSPOCx-2B31Wa7ZgjKxI4H4AX2QyFDlW9AuwUVMLheYutwo5Jhdkb=
bbnJUtyRPIpYgVVgn7zHneZ1tkGjKlktfvT9MbB5x2WW73z75e-2FWIufJV-2FhE7KjUfFJ86Cz=
CEiItLiyCCkdOOzgGA4ucmQKp3Tdp-2FpqiFbp1Pr-2Fmv6fjdSLoWdseU2VXIdzgWwTTQzZ0JO=
0ZPcPDIfYDtYrnlD3VdrDeuWrbdp3ZQYQJ9BaX7B6IPm1vSZatxmbwvENirBqqUjhCHt0E-3D" =
style=3D"color: #1D5080;" test=3D"">The Wall Street Journal</a>]<br><br>
                               =E2=80=A2 <b>How will tariffs impact this ye=
ar's Black Friday?</b> Retailers will likely offer fewer discounts on produ=
cts due to increased cost of goods to retailers. [<a href=3D"https://url638=
0.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzXatdR8adOgAefraQCaifcTeZCQQjMoHPdzV9pHoH3mJQ-3D-3Dmbt4_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9=
vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks=
-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgME=
CLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvCpBkyQOj4pM=
n0ZpbSfixlMCFyRh-2F9aOX7Quf3pMKAhjK7YhPtmjT5ifPWrOIHIg1t8SrT9k8B-2Fwman5Qcu=
FKb-2F-2BW-2FJM-2BqpWiPfQegXMOTTfvfpGz8xrwpgjtNnLouFh8csdRu2PwIS85wIhMT-2BR=
O1Gy3StC-2FYpgeKBryzRRBU4Lg4n7wWwQvKu1pmSTm-2FnLySNGzpDW-2FLLB1H3QvffN-2F1V=
VFeYpf4KJo3ZWgDuz3J07axQcS4kg2sck6gihp4x0fbsUrto9HXC83Q8pznCxtRE-3D" style=
=3D"color: #1D5080;" test=3D"">Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>The government shutdown could e=
nd this week, but your flight might still be delayed.</b> Airports won't be=
 able to bounce back immediately when the government opens back up. [<a hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXatdR8adOgAefraQCaifcTt275AtYBq7vPrnI4UGoU3g-3=
D-3DY90G_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtsh=
dAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFh=
UO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ=
7kAUgzMvLnSYVCFHpSQC2Jmu8KSqp-2Bdxh03eHvVXwBwjaMgbeyzH-2BbsOL6cJaoe79l0eWCE=
7BEsyHB9I45o2qqtc-2BB7SgsSXdhi1n3ia8ep2vTmwsXK1XhVcjRPdMJhCI-2BXhIqMWw492V1=
rna-2BMWsyNgXpJlNyL3i9pEg4dYwrDox5id-2FJcS3gGBd-2FnRW3lARiorRJzf2YkOBClpL6l=
2WiJcesxv7JWtqOWL70o-2Bayy2ak7r8WOuJ2PDM57JeX2Ruy6P-2FHGjnM9c6MsPfhhBO1TpWN=
wWu8-3D" style=3D"color: #1D5080;" test=3D"">Fortune</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
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                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                 <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
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tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
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G3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9F=
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H8FMKWKB1O1kl2m5-2F-2B96vkGG37hQZ4Pjug-2BSd4YdN4Jhk9ns9VKFvPYcgeqeZsWxnKWf3=
mZ9rccIHkCmvPVaRA9AayfYhh3uTs97X-2BEciVEHVkwbO3U7FYBOsiseF-2FYoG4PnY-2BnnMk=
v5vO-2B0gvaoUG6tqxBE8AZgSj-2FYDhP-2BrnLSZzpjrEOlu-2FJsFRl7q3XPxGL0NB4D1NRE8=
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                  <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%;">
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                    <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;">
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                            <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;">
                              832
                              </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;">
                              2321
                              </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;">
                              858
                              </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;">
                              21
                              </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-2BaqM7ONnvsnswouzXmw-2F8hfzjstzkv7bVfoW3PRUOqY8vxg9WXdCBVag0o5Q-3D-3Dq=
buv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMG=
G3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9F=
kxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK=
4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUg=
zMvHFYfp8qjoWloeo2fGD9Me5Ndo3dwCZxujrnwEF2YQjkHwL8IMHUckjzJU3CnKwLBO-2BmhlG=
eu7kIeBW1-2BNSma1oGyuAdsZSNa-2BxcjUSPtXw3jBZtl8VuDPo7k-2FbP9RKOLBu00DOpbmWy=
W0HktEcivMl-2BoXx-2Fb3tfMGxbET-2BL435LawtpXnAal0tQFLGY9IDQZ5yCD28uC7GCRj-2B=
U1PAnYzRpjM2Z6pkN07bj8Lv6q0dtpOaLvrPqEfZ8juBiddkSWnE4egrV80m4aiJmdGBCx4g-3D=
" target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;"> Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574601" id=3D"n_574601" 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: 2018 Vint=
age Global PE Funds </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
                           <tbody>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 20px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 69.4090909090909%; min=
-width: 69.4090909090909%; max-width: 69.4090909090909%; background-color: =
#1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">15.27%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">22.00%</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;">
                              0.56x
                              </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=
swouzXatdR8adOgAefraQCaifcTZSNKbywBZrgpXY7lvmat7w-3D-3DaMxr_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlW=
aOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2Fma=
ynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJC=
I9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvJJ26bkqJWI5kvyD5=
5-2FoPzoxio9F9TvkSsgSyX9umoyHeZdSc-2FGk4zC-2FYIVff-2FxryzcLjtnhA-2F4XKu354v=
xsWTd7CXSRXzFxHIZRxH8IORn7y8SAZM1MWSwrTFFobRapAByWCRp9hLblYs-2Bw1gIZqN6Ph50=
ObBJJ64hB-2Bi0-2B8yg0fdYGC-2B0Jy-2BP-2B8otd6hhnEk-2BbugSGak61uQOYfWitF-2FLm=
mafVQMt6R2XFi6jKnR-2FgJYq2F7Etp-2FQ98SYe4QuCWW5hdgaVdXm8HXfma2b0Bjk-3D" sty=
le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru=
e">SSC Partners 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=
swouzXatdR8adOgAefraQCaifcTRfmOzXBcQC4O0qzwmlt2aA-3D-3DnJeC_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlW=
aOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2Fma=
ynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJC=
I9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvGp3WLoAHWmo96r-2=
BGhGAcVQ9GP-2BL8qQOCdjEBGfAi9CkGAqcqm2SPb-2FzbJfgVV3ZjqfKIGkE2HbG1AQ63Cw9Nr=
MQQ52BmNy-2FSF9V5Ocw1hD3sDt9Gv3GfTOO-2BEvbT3EZytqs-2BRbwEYAobkkGYQr4DMts5tg=
eiJWlFH-2BNyIpmIN-2Fj72phzDH3-2BBGYw0gdiTH16pnF8BijlNwzDV6vzwV6fwQ9Z2sN8YdT=
xLmzFV7Pjay6o8S5vYdvZGQMLaHXKm4qBw3uxXvA2jyVU3-2F6N4Zbvi4-3D" style=3D"font=
-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Fronten=
ac XI Private Capital </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzXatdR8adOgAefraQCaifcTHP4Qs4J2HkiELrM8s57FuA-3D-3DQ6r3_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlW=
aOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2Fma=
ynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJC=
I9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvBerihzSvesmYarno=
5IKO4vfxHhSynb33nm1xb75gmFIjaVHa64A0HAATdO5VfYfCYnJphNWB8UIG2JyedMepAN9TR3q=
DQL4-2BJl773le51T1wEER-2BW-2ByWW5fQyJxaxZL3YyWhroaDXA29I9trlUioB3Y569Oayfin=
WpfedlUHSmHqKMTUAEORD09H1GpfgySj3a0kwg5MeEtImJIQhV9kfVV1CST64D8590Y4gEuR752=
qgrV5BZFANq5jI5i14sBfAvynmHvofwYkgGdhqXJjCY-3D" style=3D"font-size: 14px; l=
ine-height: 24px; color: #1D5080;" universal=3D"true">Polaris Growth Fund I=
 </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-2BaqM7ONnvsnswouzXatdR8adOgAefraQCaifcTdTlcnM=
xlc8tHfjN01AdYhA-3D-3DtQPv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVz=
XFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQl=
TKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDoc=
SxQDad7Cc-2BPtApeZ7kAUgzMvL9WoLE4TCMdmEft74xkgwGiP7nwY4QmIx9zCQi-2FI4Gi3z4O=
IcbrhAwUM48vDHiSm6YEfeRxAh8SH-2BdTFp8rpSdhKYz8xYXCjwuZMyxtM2znBYHXPc4msbUXR=
riTxURWexvORCzhRCBOJyxrOQlNMyYRS9RyDkkYrloOJ-2BKVkyZE1qm035Dj4aSuIDrteHTzBe=
-2FHMmFBYnQpbj-2BvuK5vxVGMPRBIFOBxtw3aOGclCu99E7vugfl7tePMsZRFd34dwIB-2FLrm=
4Ve7z8RWghq-2FY-2Bpo-3D" style=3D"font-family: Roboto, Arial, sans-serif; c=
olor: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" unive=
rsal=3D"true">166 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-2BaqM7ONnvsnswouzXatdR8a=
dOgAefraQCaifcTfXS1s8pUo7UVh8CUvNo-2FYg-3D-3D02YY_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguw=
UflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd=
5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSf=
Kv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvJlRNjBGYRm1ULkJKW6ogLamBtb=
vaxmRvKtnmtngU2amRdn1Ge4VqolyTqcrn-2BJMpLVoNjpI9JPDOtDkYxWRNiwwb4kCEPW-2FtG=
ME63rp0IjOwXqhg9WGDq7jpkmf2kxxnTKJoBRnLu8tIVYveo2FPpWvMBY2SAOBkcI02X3SqdFBj=
TFz5OlwxVUYUe2npXBmLnxqAo5uGKgX0AG49cP4-2FCCID1yKEHU9PsSzMjo3bTZjG9pJeHRKbP=
DYJSgz4Y0I1ro-2F2MAhFfI-2FAAyiOOFBuMM-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>People</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXatdR8adOgAefraQCaifcTRkvADxJXZDYeYF38s=
wCCQA-3D-3DzYvV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36O=
fUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BC=
FDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2=
BPtApeZ7kAUgzMvMdzTgeE0ICA3NR-2BVprrkw6yUdvrCTvvrS7vBl-2BrzXm5-2B9v01lUvvLH=
V9szV9q11bZIOfOlXOCErsJExHQ0xM1xp8pqFqIEEAqLiyN94-2FMryQYmhe1uiBDkoO5o0wbvd=
hxjVdd-2FULbLS97vpK-2BlOELySMFH-2FFyYuwt8OWJtz9lJTmLB6aB7Lzoc19sbdxuFOlc5S8=
3Moe3t8NPbI3kaVj2-2FGg7EVtVLYcs5UPaLj4ZWDnBT14MRto8aoz-2F3kIQR-2FgnoFpgaf8j=
Tzeh1Cav4MRaI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ya=
nn LeCun</a></b>, a chief AI scientist at <a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzXatdR8adOgAefraQCaifcTo4uitE21vs9saDqWkDzGlA-3D-3DQHbt_Pr966knuaHmaw6=
c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBl=
WaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2Fm=
aynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJ=
CI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvC2RKDM00-2BQecP=
R4vfVwnsb06142JLQjNldYj6vNdBgOoeza5Jh06YysFpKeLRpduMiBm6QEuoDmu3q-2BqfmDp71=
qdvsmaao2tBCSFyYZhmjGC9Xrwvd73meM7RRkdwiQLtSy97Y7OG0si-2FYWfliiwRHK3WIRsxk8=
UN8JU4nbpXNhIatoyycFq1TBJ6QTuJ0aZleSbhap5Qrzqy-2FQ6-2F2RyiPe1E-2BBd07zy6Mbr=
a656-2BUO-2BcYV8mun5M8twc-2B2EbylboRdm5-2BWfc3P4aeCLG-2BBja0-3D" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Meta</a>, plans to leave the c=
ompany and launch his own startup, the Financial Times reported.<br><br><b>=
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVY35P6A758VPCu=
4dz42tivxA-3D-3D04HZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY=
2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc=
3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad=
7Cc-2BPtApeZ7kAUgzMvJf3lh4szX-2FBS8CyLgqZ7xkPrc5ojHBOWjUXnA0U0JUaAZvoHTiQNr=
8YnalFNqgyiqEGgu9shoKACwjsoypSLklWWW0ZlSmY0Or77hbvsJm5uC6G2-2BZ2pyySdoXIw52=
abGO63jq9AM7TS-2FCUg-2Bgy-2FVI8szdcXJXug1Z6N1LKOpVnisacbKGQr3-2FwDS6AJqfklA=
Z1-2FViLMbDvwauc3BgP7m-2FpD2dM8F3zi9V6oYOyYI2QKkwFlXP8-2Fp9jb-2Faa3bE9vUkQV=
OzrfORf3MBs2oajt2Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Kathleen McCarthy Baldwin</a></b>, global co-head of real estate at <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVY7qw6pphYvTxPOUbw=
GNL5QQ-3D-3DExua_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36=
OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2B=
CFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-=
2BPtApeZ7kAUgzMvAL2ks5DK-2BJRFi4t0ZqN6u4TbpMZOFF36lqzsoGKuHOWv4moRYkiHw5Ssg=
uFdyVqpPbTY6y8cXrpWQ-2F50MWy7UdrfhsqShgS-2BZzqfJEesEzXCsAs-2FnlmmuEuqt80Mgz=
Rylm2Saj4MoF5xfPHASMqyCkxVs09ttQgfWNevqVdgDfyEWBx7iR5cTuZcv1kKqPn244euu9nv-=
2FdVbxpITufT2pGgZFF2X5LgsQoGWGZyi6xEr7zrXPDL6hgSwbrKIFiUSUmzlCmYMO-2B-2FW66=
zhm2ovVk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Blackst=
one</a>, is planning to leave the firm at the end of 2025.<br><br>
                               Switzerland-based asset management firm <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVY6wnAJ4o91fMh3Slz=
YcmFvw-3D-3D6E8A_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36=
OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2B=
CFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-=
2BPtApeZ7kAUgzMvHzmd-2BgKo6uRSldv24mu4wVgDUgoyuMI7DQUwd8-2Fth1YUPCkFfdfZeYz=
Ucv6l8QVm7TK8fJJ6xoc3202KE3zIAhYbgcj6a-2B19CII5GXRz70VVyOwhCxCd8q2SdrDT0JqL=
1XcQ3Fv389c3ukloreCepa6UPzDwOP-2BZD-2FOwff6bon028DIiNejrJmGPyy7hgUtOAP4I76s=
e56Meos8BRX3Qy-2Bf3UaQcyL4FucISoQZmB3W1xRtSkQOWzFMgWNmk7DAJi2fTXMQWYVRRgQs2=
SqGhYg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Stoneweg<=
/a> appointed <b>Olivier Jollin</b> as its president of France.</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">Califo=
rnia-based AI startup <b><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5=
b4YLX3Zks8PVYbTeZGSOPzLHrPIQkgsLwGg-3D-3DRgH2_Pr966knuaHmaw6c7pKvB-2BCEiDnj=
5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ=
4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQ=
jyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7B=
dK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvIUf2AJJR-2FtH0BiT3faBCgecj4Oe1=
nJ6muqFLiCVRhPrPck2Zr-2BEbT1UozKe6HFHORM26s6GmVYdwWp5EV0jss1-2FTnoKgVT-2FlL=
nKSqeqWQat8H8swMEXZ3jzi986RAJL1a4uybsQQAVOqP8mwSGM6pc7Q-2BDd8yeyQM8qIAtJq-2=
B46QEmiX1Fq6cUTrUHt18XARTtcS9Ip-2Fbuf-2FuRnYB-2B72jW2VNbkFbAx-2FRezJHTyClZr=
my9OYsjU-2Fzw3EFmCvB05SlPlLIwfgLUprsoTsdu9EMc-3D" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Genspark</a></b> raised over $200 million in =
a Series B from investors including <a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
UrAKEXE-2F5b4YLX3Zks8PVYyBtwYNr-2Bao3xGF46-2BnChWg-3D-3DXq7q_Pr966knuaHmaw6=
c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBl=
WaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2Fm=
aynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJ=
CI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvKEPm-2BroXV-2FU=
yQQYrSdf-2FIR4uBoAK3YV-2FXDM5RqZEljyNY5TcDAX0Psi7ig9zW-2FSkemcUwXn-2FxrfHjc=
fDynjV6O-2FSPJQNmFkPbsUBV-2FpZx6C5HMGCp90FX-2BpuyObL4wQlTDeQizj1TFJGvt0fQCq=
2-2Bpb2oJK7-2Bve286fgLWpdcTaL3evJHf4RtJqu92preWc3giv6E9sI3GyLI-2Fl3t10Jx-2F=
0fy7xbc5vleJnzKoQMozSExMIFAOgvOvtqis6cyl77k9xofGvkCqBrvkQV4tDoWo-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">LG Technology Ventures</a=
> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYJ7N5jc=
GU1XkwBfX8ZygDvw-3D-3DkFf2_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVz=
XFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQl=
TKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDoc=
SxQDad7Cc-2BPtApeZ7kAUgzMvPLBjnaMVVE9UZMWtcyKOwmhoGcxbwwQWSlESrzx3wH60aiNfG=
qvrymfW2C-2B2g5IvEXNZsOZ2hYJR6IgtzFkj5ZbrdaNZkFy2K59jRQdpjBGG4BqrCxcOcrp-2B=
rpStTbI8LD3NEQHrevDgZ3uTQY89y4gL16pagzqWK0ZfA2yFE4lNHKoRf73otcUVkTBfRiQV6QL=
LaRI6HLnqqv3wLoYy4foLfovVnDTC1pH4AcWYIH1sP-2FJ3yyBFXvobBnKT9nHsr4kirJxUijE5=
U6uFcMe2H0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">SBI I=
nvestment</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5=
b4YLX3Zks8PVYw4v5XTg27uFMmUZCVwsWaw-3D-3DbmY4_Pr966knuaHmaw6c7pKvB-2BCEiDnj=
5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ=
4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQ=
jyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7B=
dK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvP01RMLZPqT5jMw-2B53AFR-2BpRMDi=
SEKYT9n-2BoOeFwJajJBr3ZxilrkNnYZZlDuXPwklkfPwZyG2-2FA9-2BgW-2Bajoswh8Bvh59P=
UKmw52yCbYOyu67kpEctWo27rh1kDlJ86QA93-2B-2Bn395-2BXgNYQjeL-2BjHj-2BOwCQKF1g=
-2BYS3is7UnOXC3-2BNiijlk5ICgO02ptSd7UQQ6zY3P-2BmC6dBLL9Du4O8x8Rv1U-2FzOxa-2=
Fl-2FITjpJk-2Bnh3-2B5uSRyeg5RyhNGUrDDedpwp5QgLh9Nbh5nBc-2FXWOoI-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Highview Power</a></b>, a=
 London-based liquid air energy storage developer, raised =C2=A3130 million=
 to begin a 3.2 gigawatt-hour project in Scotland, bringing its total fundi=
ng to more than =C2=A3500 million.<br><br><b><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYSZnfL-2BkVyO5DO3Ob5jr3-2Fg-3D-3DgRyJ_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P=
-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD=
-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MV=
yUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvP2gvXR=
-2FKidWY9wXig9lVk8gEW8SBLlYLUm5uX7fRd2vNTeS-2F7kzo3HVoBg5EPDdDuJWRPDhX3AouH=
hFWqr6MtHL0OZgBXRkYttxLKPwgZ-2BCrZc04vWpJgI3MxfFYFfmTgr99e1oGwWBFCR73HRMXvH=
a-2FvffeS3xK9K1-2FW8-2BtJlD8xD8QVJc-2BN-2B-2FvPcPG5Uv-2Fth6-2FG7BPg3ZaImZeR=
xSq2o9J4Gt0MpYYkgYLTfLDD-2FQIp3IKhchdJ1OnJp2KMfesa62rbD3naXnKmN2MFAY-2B-2B0=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Wonderful</a></=
b>, an Israeli startup developing AI agents, secured a $100 million round l=
ed by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYHOX1KI=
1kJ2PRe3-2FToNoCRQ-3D-3D0QnW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2B=
VzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COo=
QlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BD=
ocSxQDad7Cc-2BPtApeZ7kAUgzMvAnIycCiixARWNnVcKSexg-2B71faOtbvKQOJZ3V2tKszL4d=
Qz4VjNWGLpoVHeoHeQijvKyy-2FKGa66oI7zSObhX-2FuDJst0S0-2BIarrFGnbaz0c-2FcYtCE=
VxT74fdrKmkuV4YaHcIQgiFDaCjF-2BNEYCqtFWnD3GmI0vs55LeCQVFXWj9OUjjUF5blARdocn=
gUly31W5Shfd-2F3xsn-2F-2FuVm5vAJrcJBEtZxUdi5wifHFKH5k5wb7W4U-2FnUZONt2gpfi2=
fq6SrOWqe2u80vEf801dUtJBjk-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Index Ventures</a>.<br><br>
                               Cybersecurity startup <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYB3QHzPhe7-2B2nDRLSa4CiQA-3D-3D2=
nJL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMG=
G3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9F=
kxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK=
4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUg=
zMvNvjgzF3jCK32-2BHwvSX2WsdthDoCvBFUe2k8rXUMviGF4o-2FBdX8G-2BZ1CFsUcND6HuqJ=
4Mt4kaY3tpS-2BNT8wvLMGi8QDdvsoL4OBvtJafCvYPorcKvtr5SKoyWD4cuC9RwFuTJIP8Y5G2=
oCzKdigSVuvMeSHks-2F2T8CJAaT8zxX-2BHRN1n0s2tBWZdbtojBVJ2KP4h19ngu59s5MRPC-2=
B568mFUWuTdjch2BARDqIlgApBeFZe3TidVoeecQKRY5uxwGF1hOW4zt-2BF4hb-2B5MmtfSXU-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Tenzai</a></b> r=
aised a $75 million seed round led by <a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzUHhCU1-2FeHBdM6GaDphN7saKtqYBaQO-2BaA-2B4SCJcnXklQ-3D-3Dd-nx_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vU=
BlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2=
FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECL=
qJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvOCfG3cuAecEO3=
O-2BPBJv1ENsVx5hhpqdsLs9-2Fvzr2wnBePdki1PpnfJRZOyRCr4q4hYPYFTPZwQ-2FT2D6RlX=
6EazSjipTyAFGwYlin8R6exVhbyr7gyqVmwg-2Bkjy-2By0PnuNzteBlvKpFJtlB1G-2F7kBQUE=
ZiCc5L-2Ff9j1SirSntBp84gxitzwUOETmSTiQtoDD3dLZcno7UbeKzIqNwmIcJHh66uyXvgtKr=
AlsPrCnoGedb1ANpwRwQ3UNBScCS98fubVyvVdPv8W4A1k9D219HcA-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Greylock Partners</a>, <a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7saLwpZR9Mw2L8ViLJhuaA-2FqA-=
3D-3D03S5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68=
NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITts=
hdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhF=
hUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApe=
Z7kAUgzMvMzqhPiSf-2BEqTC-2BfstpcAuBEOkHNtNnvp6aNvtX6MN3fEaInoxpNoVbIkl9iwuV=
Aw3u5Eut4Q-2BboVJ1bTqUyCbx3DVtudPV8jM3BcPZVOC6-2Bu7t-2BmKJbWATjv3rihlaIHzvc=
DldsOgud2ULjX6ZgMyaNgPKXG4awNvAvC5s2vLfcX8WZoQYj8mL-2BXE0K-2Fwcc8UpjNJEnAJ3=
stSzSvzpEe-2BezlnMQ66N7RpFOnR-2FKlr7KN2B5cLYbTk-2FooV0lmdyyDGB8I5rOCbIGxyDP=
nkLZA7c-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Battery =
Ventures</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDp=
hN7saRejDYN-2BPAGn38nA0qo1HZg-3D-3DWoeM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4Vkjuv=
zrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9=
ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ue=
XvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvPutw5YUpW8fh20Ijv881PvdHiZgHv-2FBvNf=
dizr-2FeIXId-2BXk-2BvOZMEm4TmSJZcL77eq2o2Q6aBqrMT15hvE1JnarmAagmDHot5PHPwcs=
W04ZtAIKA2THx8z1u7Aa5bhPlVzr3M9XsLhqfHIV3agOVcYQufkeAVMv-2Fzt5AeI1i4fioKWzL=
J2uESv3sl1mNoQmyoO9SM43hghC4Ba9HhlgIIaeSSz5r0HUWBBFa95CCKOJ-2Fvb4ChqYo7fiaB=
-2FQeS7uf7PVLCoG-2FLHUZv2rAIlBFnE-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Lux Capital</a>.<br><br><b><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzUHhCU1-2FeHBdM6GaDphN7saiegngmkxrTjBDPXu09uRqA-3D-3D17Ju_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS=
9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fk=
s-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgM=
ECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvMXw5jUcZFw=
51-2BmnNU8osO4bAKwPQg8WosdAdCo15NLAHQfwJzAE1EAyD-2B5G-2Fny-2BjJgzV-2FN97fT2=
oiacJP0WQBAZZqByKntkiyPd7eV-2BI-2BAdrpvbJ9Hc8aSYyT1zi00gjpPtma4931xNh9ifuDn=
qBxeQoKIKF9hrDz-2Bh1gv-2FnsaWCAH4lO3OSQhdSdIrDEprxOjuhIY-2BeR2LxmS1b65vISGw=
ByrBIgbMT2ngPYoLTT42d-2BRazwTrTJpDyti04pznQ97oSLxAqIoFo1mbZXFhNQc-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Vay</a></b>, a Berlin-bas=
ed remote driving startup, received $60 million from Singapore=E2=80=99s <a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7savt2l7f-2FKGDdR=
AgMqpMYAZQ-3D-3DDGl9_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY=
2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc=
3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad=
7Cc-2BPtApeZ7kAUgzMvIa6ru7YdN80TUbChLV5ie0ZvUrcdZVwF-2FEPocsPnkHGNBVyuVK2cm=
bVRh1wF4Fv7HELRGhWaP3ZqxVsAodns3c9ypgBN-2BuxF4KfqEvktMRIyywme3F5Fgx0UYUvyVP=
JMq6V0BOMOEYNw5FXuvehZtn2Smn4e-2F-2FPQGvx9OzuschOOqCgoLPxt99oJYxMLp5zN-2FAG=
BOyBlYU3F3XR4hD6CXe61p-2F4ZLHd4BoTGer9IhZPw5cCyOPoSJVuaa7DlIFbNmxUv0-2BP9zT=
Jun225J-2FGCvI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">G=
rab</a>, which may invest $350 million more should performance targets be m=
et.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7=
sazGaBPjCqyYgbspFeqa-2B5Ng-3D-3DMf_p_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0Y=
QP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4Vkjuvzrf=
FEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1=
kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvO=
dQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvD5zDI3dxQhJxMPQ0eeU1jSzjzHzCCIcdxOOQaDz=
9h5qQrGh-2BwlOjMhF0XFc-2FcG-2F2xM3v04JJ5T5wHM6UAX81r3QZBgkK5gyzzXCbf40a42K1=
-2BLUB-2FToBNQPQrqKG5O93pR4tSScDaFsv-2B-2BonnB7q7jBb3DvfYC-2Fhh0A3-2Fg02X-2=
FgJ4Y8uGvKIbXf2j8r1U-2FBig88rCFanPljwaN10hJ9KRPQo9UyyZw0n-2B-2FQvzgdyoJH9-2=
Fzc-2B3Vc4p3U8wGFniaclG92Jhq9-2Ffll9Zx7gR0-2FXVs-3D" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Delvitech</a></b>, a Swiss deep-tech firm,=
 raised $40 million in a Series B round led by <a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7sapDMPbRjzq-2FP-2FW8U-2BNpm47w-3D-3DUQu__P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg5=
5C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF=
-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2=
B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvEE=
4ICH-2F26KYAJxh7F1yBHcAitlIJ26kU-2F639UJSb0o3xMq5cMje3mN4lJsL9g-2FY0xQ-2FgS=
I8ZINWjqYtqksahxM8mb-2FLz6Rrd0kPLsmoWayia90Vt4ExND-2FKVbQ9N8JQgSfem-2F-2FBA=
H8-2FuhHEKXMN-2BYiJOTB0Lu-2FI606-2BMJwTJpqGaHumFaVuVw0YUZsEXhrPj-2BoZ6IlT1A=
mNmPX-2B5x7rSLAgAEE33go8u7e7L0NVc92Q3Fmb-2BheRRGtoAqF1-2FoGmUzqZy9tReqOCwlh=
WXU-2FmsKg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">EGS B=
eteiligungen</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6=
GaDphN7sa5EMOVJ9uUhSq7s-2BkffZuUg-3D-3DPOIY_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U=
wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4V=
kjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjy=
RTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK=
68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvELdSY6-2Be3ltzPh-2BrFMn9pmgp-2FT=
AbKkNG2HwytmkkcgiiiFjK2nDvc-2FC-2FduZlsqekcMTlTVaIWfaO9nq4UMfaziNHmPVF9Idij=
-2F8h2nDdPqBZerL0RD-2FjTiONFo-2FxxoulEcIJ5AMfyWeMBEQ-2BxINBnrgJvrHUxODFO7bz=
-2Fg9SW2Us4sJwiSv9FODDXlkSdhvotydemhHxOGUhVqIA2-2Fdfx5dYAh8x4RtGepsopJEIt3S=
AHjvkBtPfb3My6RVRyJ4NgtcH5ENJJSEObwlcEVDX58-3D" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Creadd Ventures</a>.<br><br><b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7saE04-2Bple18kQ6L2DUx0-2B5dg-3=
D-3DDJ7x_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtsh=
dAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFh=
UO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ=
7kAUgzMvMcMQKIss8EQJaQ57uctcMewbmOpE4iernLaoyi-2FBEbqu3sWY-2BMUYLAfRGOuB5tk=
jVcGwR1bFlzTUDyI2zVZ9ta-2FW2eLPYydgOLnmvLfvj9-2BQQ7wuTSzFpMSSsdlo835KEV8Y74=
m7xSm7TgxJiPKXCz1SyoHWgBvN9XvgCRkxRYO1IF4lVsxC2vjgRsUzyN6zrkx5SDpUtELKDH-2B=
DiF7fVJgOgTkMqUNnarG9MoKpTICgxni7fxN-2BE3KzkVD3z9ClE6Myy9QyC7d42C3OHMMSQ4-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Amenitiz</a></b>,=
 a Barcelona-based hotel management platform provider, secured a =E2=82=AC3=
8.9 million Series B led by <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2=
FeHBdM6GaDphN7saUW86qisBWT1N8NmB9WfL9g-3D-3DFFIa_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwU=
flJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5=
ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfK=
v7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvCumKdVNky9vpG7SQZoIglxYO1KP=
BxmieE80aEc4B5cYkLo2-2FrDAA2hBZyn4zViJHbWegm1DEhjpNb8UQu0iOxTtQaKBSGNURQn5w=
WYiO7q7UZHoCmlH-2FX47oHLF7qRYj4OJd1O-2Fa2KsuAjUddWx9ymU040qhp3sTOG0A6nLLlMs=
zhvQCpEZ6rPDey5rhfqHFblwcvopdLPv-2BARIKQvTBgzerQDGauyfrCMea5UD7CTmGEUKS79-2=
B7gvq5O47RIkAw8Pj-2BWWMT3Jlqrua1CasXfE-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Kfund</a>'s <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zXKBVYivHhiepZpq6qsGXGPPpNnWceXGJfgU4CaAhGzjA-3D-3DmyBL_Pr966knuaHmaw6c7pKv=
B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeY=
nkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrB=
Jfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC=
8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvLeEL6oxTbnXEJbUTMmGN=
Y7mWoE4hqO3yKY-2Fuvj18zOj6gASjz1J8xEzpbACVLyWSdNT1RWZSfRp-2BYgq2xWB8k3LwMSy=
-2BhIhAEnxrHW6BQazWmxItWHFSQ8Gmf5urTtx4QCdLDum21UYvNDzmPJLYe-2FPP5ZZuBUUXuq=
fAvlQ6Okjx05t36wRMiuTrD4IS6Zhu-2BnGMH1EKmRnGheVHWvCr-2F7TlWLh4gkF7Ep4d-2Fzi=
IHbC76TFfhDRt91XJEIRdYOkqxqS5CBzU6QRsOlFpvAyyzM-3D" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Leadwind</a>.<br><br>
                               Medical intelligence platform developer <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPj1SREFpQqBlrYU-=
2BpoMHYTw-3D-3DAhvH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2=
C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3=
-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7=
Cc-2BPtApeZ7kAUgzMvLtxD5Vl10vW6sD7tZBO5Lczetn7Uet1ttHN6UPjSHI0JuMNPDfkJ9zGm=
9OdeLpbVMMAtxlwsMoboun4oWNvLPzmMP3CK44OYGnPUce92HgnOiYtDuDklLYCdeH1OsmKF-2F=
QTHsoL4m1A11nLDvOrDEkt268mIeKCp8pXLK2OL2K4-2BK-2FNAtWPtQz6I8178VI0HZJaEKr4L=
8Fsw7hCYJJ-2BiGSD4vvOkCJT-2BR2uW6HS1gx6BMn7uwsV-2FstTUnI-2Fz-2F4hNkFuXyxhgV=
9rqibCVcJrNRY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ev=
idium</a></b> received $22 million in a Series A led by <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGP36DSiCiKUtQzG7JmvmSIFw-3D-3DHNjN_=
Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg=
55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTA=
F-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-=
2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvA=
MLtu8mjudkTzUQ5w49gsctw6aht7JXEzjUxlkP2PHEXukIesb7mBfelVJy5kGC9bg7cLYaU1XoW=
7Xe9dhDFXx-2FNxjqYUbbI9781af5nCfi5BC3SRFWOFV1IDZPGYTSirZe7fiVTG2JhUEWX5Op8c=
fCDl5BURAfy3Xm-2B6mTGkft19NVZ88ZREVwmf5vu4DdzPZ8OqA8VXvRnzUKzzTr3SyOe8KJ6-2=
B-2Ba0XKep9uyz9mkrIMHeMK2icd5ImfvTOMB9jnO0IvizgCNILZAd4WJLeE-3D" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Health2047</a> and <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPNzcRu3Jiu7qx-2BVVMJKu46A-=
3D-3DjroX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68=
NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITts=
hdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhF=
hUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApe=
Z7kAUgzMvM5IEbdREZTp8H8xh8Cv17-2B7ZpLSb9GOPFhjfZakwPJY88J2Vzx-2BeZNtlywOIb7=
Mn53Z2oMizQT7LpqAqw8HmSkb0LmzhvDnbnrGrlhNulbXK3qcW9mdW-2B3jRZYvdiPD20Rvn3Ku=
gjEjyMq6CQDbsgRqpZTLZzsH3ZldYUJcfXB3m3Ohjfr8Zs0BCp1F04sh0NZp0VOBoEptb9y-2B1=
PZPeJ8bWV868-2BWdYsh4mkpYW6f3jA18E-2Bv-2F-2Fcn2B9apcG14Xq3UjLwnnhNE9FpDobpq=
rJ0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">WGG Partners=
</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">Beijin=
g-based <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPixT2DQ=
nlKFgRCnXTadrczg-3D-3DeQ7U_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVz=
XFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQl=
TKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDoc=
SxQDad7Cc-2BPtApeZ7kAUgzMvJSHMQIClv8xkH0O8H23WPTcnvLhN9zxXMugqmjzyHr79kqbRL=
UddcuGcKuMxygw16z0PfH21w8gjiQsctSw2PzSHWRDSoZOeWrHJ6UbCV1l8MvBEvEMNSzJs-2BE=
KQ7UTNXT00V5oTmwdZU9VauoQ1-2FQAC7L3MJVVbPsaWEz0Y-2BqAtRv7yDlI5gG7xt-2F0x6ez=
pXwlaIP0isrAOC5Ojsd7tPET1FRAm2m98HAOtGF6fNzjPRckErhDG8avJwvTNXSJhpebpr3xghc=
uHncsS3vTWb8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cen=
turium Capital</a> is considering a bid to acquire <b><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPmdMLkeNAf-2F4Qm3lL-2FZ56fQ-3D-3Dng6=
T_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3=
yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9Fkx=
TAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4u=
j-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzM=
vE6UPqpO04Lq5gGaKtzccMNxIlZ8F18zbhis9fgil-2FJs4V8VdJs7X32eU-2BMqcgZifcM2mBP=
d56PxAUOutgl391NyCb-2FpNaHEzC8-2BUMOlnrz0GFrqhKCwivo-2B93xsX9P3ZdF0rzldRh86=
YJtsDtPPabzj7a-2BF3Pwqi6QNgmcetRipNWiMACZq8Mgh298EO64-2BGAmuUAYHgcvVqP2NwZw=
igVyc8eMQhin0XyP0K3s-2BxGiiCDNT8MhoJJW10m29StXkxNc0og7J6jTNzgsoW7uR11o-3D" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Costa Coffee</a></b>=
, which could be valued at around =C2=A31 billion, Bloomberg reported.<br><=
br>
                               A <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKB=
VYivHhiepZpq6qsGXGPhq-2FtzXPKcA90Z99RgrI-2BJw-3D-3DDKM7_Pr966knuaHmaw6c7pKv=
B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeY=
nkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrB=
Jfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC=
8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvO9TiC7VguJ-2BmcIAiIA=
YIIDJPIcCM0RTfonO5e1D3LDOJz3NJWs6ugx2H3U-2BPImSxSwM9QO-2F7fvgAUT1lQBcMmIe0L=
Sa00Rcp0oHOR9RVy0oMKpsWo9bgSm-2B3jwgWekPmtWgk-2FORLpwVGhQn6k09juk5CLZ34btxk=
jByGUjxszerNCgUCoKN4-2FiGZLmeajOfe6vr4vODN8H4Y-2BuujEqHlFJAEqwAKYGo5O9QTxuH=
n7Mm-2Bc8Pp7RuYp9xeP4rZHgayt8pQjP3bGCc7IH-2FR2amGy0-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">Macquarie Group</a>-led consortium is s=
et to buy infrastructure services company <b><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzXKBVYivHhiepZpq6qsGXGPLIbm5tLn0XMPHHp8mDVjgQ-3D-3DpxbF_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9v=
UBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-=
2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMEC=
LqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvE5Hxp1kLvsRb=
CrpVSe-2BTwtx-2FFaTxBDRkEKIaZ63HGgQig1PIKSvN615I-2BlY1aZUSfKjveYtUetjstj1m4=
xw0TkO5yb7krlChUBDFc-2B7u3GmwxKLryEoaDdehMKiCChRcdPZnSMktzo2gvJDLRbSIi06JOE=
-2BUe7pCcpQJgYvRD1l-2F-2FSla3ICklSCyN-2BtV8GhOQW-2BmmniNulyUNM6az0Ik1JnxQLo=
JTr5wlbEKeQ53Vs0G4Ku8PkHXetyw88czqsxCD8tyxeClR6Ba3gE-2FLtonUE-3D" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">Potters Industries</a></b> fr=
om <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPPWlqo096O-2=
BaoZ2SabpB9UQ-3D-3DJUZq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp=
9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKU=
yzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQ=
Dad7Cc-2BPtApeZ7kAUgzMvB44XmcODD17UEOxoPNpsEKLD9mtSaTIl1dwCc2JsZ1Vm9rMnE9HG=
yzMgt31LC3urifZ2aPLwB1lzelgUYHoAVU1mDx2YiDd9TUGCa9QvzIN1nkHkw0JTPAgXPN-2B-2=
FX-2F9a1gMtjlTjljZcB016-2BTTb8y-2Fmezmyef7M4ajbpjEgo-2FnhxyYRMHqp7wrtJPI5bW=
MpYwYyD9IYu6fHHLL-2BhiebhwqAy7RdW0zM7dMMNPX-2BotbgFQmpjdoAjC3oI731xmawV3a8d=
qCk23laxs96pjKBis-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">TJC</a> for around $1.1 billion, Bloomberg reported.<br><br><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPbUwXCgSyf6sHmM8xFl-2BljQ-3D=
-3DLAyK_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
RQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshd=
AI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhU=
O5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7=
kAUgzMvGQuYPX-2Fu0yJg8kyY-2BZvjOj-2Fj2sB43nvOm4M14Ipf-2FttlKUJqpA7kK07MXzf-=
2FKmPur33Pk7htDiZ0Nqds7LvY8nBloQMQMHH-2By1S3OEl80niLTgoPeHO0pYSfkNGS70-2FCK=
pF76Z5KEPwyHbe6Tmu87fnV0hUEeuhFcsdeG4xWouk1kXOIElXieB0ZDs5sfSWQ-2BVafiE1TkH=
DCnEJBJbcfau9oLyyByxZOxKRcbUWdJxx6iUUBVbHMImYaRB0sRzEJQ81vMPOGFfcZsNxvF-2Bw=
lfU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Francisco Pa=
rtners</a> agreed to purchase automotive aftersales platform provider <b><a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8JUhEV-2BUT-2BpCq=
c-2BC-2F-2FTq1mw-3D-3DP9yZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVz=
XFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQl=
TKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDoc=
SxQDad7Cc-2BPtApeZ7kAUgzMvG6q9lapG1NNfCcjuWJ9IXmzv0G-2BUl6loHy-2FNxS-2BSovW=
Y76g9LlNXQ2jE0rzNKOgaCsdEqsM4tr6UVfCDC-2BfeJ7BdGz37V8oVkWew991zPki3YaehCDWF=
SUMscc-2F5rGNKxUnAq5SuihE3mM4NGQsgoDtVFZsnN89mLGZdoQQYUmptMWyO6Ider7xXu-2BA=
dJ0xqjvVbA0-2BX6wKCX4jlEfks2wwXl1IqyX-2BcCImYDDXExL7e-2Bacr-2BYhhOzuJV27O7B=
b4L7dwhNjjZn5-2Fd968fSulvE-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">OEConnection</a></b> from <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zXS65ghZPsWPifh9307CdU80FQ-2BpTTQbiyN6K6C-2F3LGrQ-3D-3De_Xk_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlW=
aOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2Fma=
ynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJC=
I9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvIBQSo8qs8r-2FWP0=
gdK6I6fv0Qhq11ls9-2BQUn-2FKd-2Fv3icVi9jkR4OcLIpN2L9k1xg2Ry0ExBO2VSvg-2BdoJT=
axKaq-2B-2B8fUNypv-2FNKAKQKcj02v0p51CS7cE908p5irYf-2BZooaa9-2FYTISX0KYqekFn=
XlRDs3wkH6UUaQTe2uR0-2BKirr4YOZ2G-2FNWYiDpSAW9atMvkvAcXJouFcPhj45Gj-2BU3zxP=
rIYCY3Y70h-2BqFtRjE4CluFhcvS3OXJQ9jWZYZe1v7iVlGsPtlr4-2FuGbVe29GPXY-3D" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">Genstar Capital</a>.<br=
><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8QNQFJFI2v=
es8sOEYEc-2FBew-3D-3D7wzj_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzX=
Fp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlT=
KUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocS=
xQDad7Cc-2BPtApeZ7kAUgzMvDCcY5znPH78Tut4CMo-2Ft4lTJybl-2FnBN0OmaGGgDhKZ7wVc=
mmfksNHgnWdPDX2W0Hjf4zw-2F-2FrfD0LkLNyNtvmRZMcMlNl5o7XbLqg4BscoKtRPkU7xjBNl=
Wu8r0IitNzMfvia5Fn5oeEkjB4p1Ko-2BuTUpFywcablvMWCCRYChywadjHaTfAwnHmYIHBS-2F=
K5nHyLixErg2Jc-2BpagXh5nC0hIAL0dpOwDXzrk6L45kJuBD7-2F-2Fs03PHXXDtMEcVeffLxq=
GEmVhfL8Y-2BAQxnTDrgH78-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">BlackRock</a> invested $500 million in tax and compliance company=
 <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8KoNDF8i1BG=
i5JPWPXSl0Vw-3D-3DofYu_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4=
3kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9=
gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUy=
zc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQD=
ad7Cc-2BPtApeZ7kAUgzMvDXsLC6-2BhCXuG3msV-2FbJkFoKLwG6C2kW7zCycenswShC4BU6uA=
xZ8wNEQMr11QwZ9WHF82Noadu0IGjFPPiFiJbFIPSO48CFrzM-2FErtOPFAcESegivQs108JmTG=
xXSzpVuo4yltoeR9g0IWs1CRj8KyMUbfr99PjcioMcHBJDmb2TIz6nhJstsDqH00loZI3kvKkKs=
Lbloz1u6OukPI5MduPwz3yxypr9kHybh3TJHsJ-2BpSEo2cfe0uGwwmBzRNuDYlRIFtAqmcuj-2=
F6gI5BMCNI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Avala=
ra</a></b>, which is owned by <a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65gh=
ZPsWPifh9307CdU850R3A-2FdYYI-2F6st0JIug2SA-3D-3D_C7C_Pr966knuaHmaw6c7pKvB-2=
BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkf=
guwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfc=
wbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8Wz=
HSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvJxlISg1uRz02wfGznSB7jF0=
V-2Fdi0kZaMftQ9Dx4ps3HA02BuEjh9SD2jGifeRtOc0jOmv7iP-2BBZ7oaDY8UxH5kt8QdxPwX=
vFHphynnelzL2-2FYfOn4A2c7SRPgfESfNxfJDj-2B91HsaGKgC2SvxFAn7DDFXOLP9EfdDz6n4=
qNjjKvAPJ8Lz9VPUm3ZAAWGGhQnSGbJADelkQRfHFf6CCXPrj4wt45hYy0aevmnzN8VtpbDXSAy=
6O1tvorfSrMv4tAZP3Sw5rJT0JzXtBfDhoQ6sk-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Vista Equity Partners</a>.<br><br><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8QqgEWa2DepGuHwizYSHs4Q-3D-3DdH=
VN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG=
3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9Fk=
xTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4=
uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgz=
MvP-2FbROENiS9PVqaIF9iOwrHASh0UECRWJc95WPbT-2F9RJq7GWIL62jQvk8pzQ8QwxoiQ-2B=
mKjsmpwADDblmuVPyYKPX3PIQNq7wv9Q8edsWXuWHhYdGh9-2FCNijBUg49QKY86CO0WJc9BjWB=
o-2BPbJjJq2JMDCTyh-2Bwxbqb-2Fy36OY3SvSiGhfbXNT02VKpvnkhwH9XoI1quqNZurxleYQL=
QYasFR2PONoDbamdBC2ooEZvzfrUH0geEeF-2FS-2Fy-2Fq4k7MA3T6daVK-2F89xGWZNkAA3wo=
6g-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Coalesce Capi=
tal</a> acquired a majority stake in Florida-based human resources outsourc=
ing provider <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307Cd=
U8OnDvMJYFmJpfEu30CxzARQ-3D-3DqZeW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP=
-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFE=
B1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kW=
fr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQ=
nJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvNddMKt6S67eYxzsVSddTFbD4325W6lQf8KRuURseP=
Rj6kLx-2FVP-2Fmkk5-2F999yshMDw4-2FtQk31my4AmJ03hiqKDRlub-2FlmX5aJ-2BKhqVCVN=
Dvy3v-2B7SQ-2FJl92X2oo5qnS1YKMNbGWLmMVTvn21iWkVGImB8W-2B2YbS60JSwlrVCS-2Bx-=
2Bh8OFJpqkfSdKfNKXJCOz9btYyn82n5yGo7HTk921RW7J-2BOBaZ6bDsJsV2W2S4HnF1a-2BIX=
7Zj8XYu7N3gMh4fva7DqfTOCjGwyDUJBIKkzbo-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">DecisionHR</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>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-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8P0j0qdyZWaZwNuZIZRNn=
fQ-3D-3DFiYF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY=
A68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUI=
TtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDy=
GhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPt=
ApeZ7kAUgzMvObB-2BiJbywyWyThPC6X-2FAhxWlzaGXCyprgLX31xbI218VP2tL286-2B1IFzP=
foQVtH8KNGTDe12MZ2RS6AuAHbfGwfRIGSkrRT7py69CI8mEPZhvfE-2BBrQJqp9UYeYFiJdm5C=
kWQPvN-2B-2FzFshZSZcmQxpWQqVEAB0arSk0-2BxrU1OvpXXgUMR3eUeW7wfeNZesZk79F6KDz=
wWOhsby-2B0d6-2BHcP0a6NsNOT4K0JLm6Ed4mQaSE-2BbVv2ZuvNuN4ecbfYmFSlGYN8r82tMX=
DZdSj3NPmE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Madis=
on Industries</a> sold filtration technology company <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8RTqOzHhiAxPGtnvnZEcjZw-3D-3DlPrU_=
Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg=
55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTA=
F-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-=
2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvA=
Tce5TWkNZFkzpXqmpdnOaEztOTd-2BhKNRhWTELuCGhkDEz6bAD0-2FMPOsMnIZZ3AYePr4G8fz=
mm9q-2BZ-2BN0LmUFj0d3jp-2Fka02TdPFzYuqtGoReo3ZAvdJJzeJphtSW2hCGX96AXp2Y6LzC=
C0Ho029au0QFrzHMNmxyyVbZprFuRVoyZi8hm5OGP1MZ9V4ml5Zb2Gt92aUuIinqYN3DtLUIRUI=
DF5OZfr-2FDDCyOKbd9tOKHQ9eK9W7kyErdAyKFyZvO7K-2Fn2b8ufguR2WHLHLw3g-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Filtration Group</a></b>=
 to <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8qQtt8nImyB=
fb-2FX6YsYcqig-3D-3D2Bsi_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXF=
p9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTK=
Uyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSx=
QDad7Cc-2BPtApeZ7kAUgzMvGWVpAONP7B-2F8Am3wz-2B7UBnEkGFzqajY3Gl3nUXTsqg45X6k=
sMJpYAbpKh1wgDG1xvQn3aHEteas2XoUU-2F7O2xvijSogdnhqgITbfmKGWUXwTM7hNdmQadSF2=
DxIfA3ErshyKfk25g3aH9BUCy-2F6HaVZiE0yxqJMCyk2HaTxlAzizMXSRCm-2B6j2y3lBvAz-2=
BkFCGzNkcwZ1ykXO0EHQHb6uw45TSQpg5IXB5KM0eT1QMPvf9hbP6VNvfevzgSKVY8MG0IlnECy=
KgE4aT2iO-2FOskc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Parker-Hannifin</a> in a $9.25 billion deal.<br><br><a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOj2t6cQxSAtIJRt59U1mYPvA-3D-3DRKNA_Pr9=
66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C=
7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2=
BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9=
MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvD6wD=
yrZmnGP9yArvs5zY-2FykIl3B-2FTITgyWVzqdeaI6JmupokPGH13vjFpWa8ly0PiOWn4lvxRmj=
EVWt-2B7vT97tWDNYJ2obx8sYBYxOqv98IJJcHqnbf8L2OpjXiMhrTBnJtcUv1HhlOsOz6Tv388=
jfinzu8RsLIzUSe08kpL4HI-2FP4BBZ9Gf3iDe2oNAvfKVdeJcTk1UbyORWgenMDelthrd44Iln=
MWsT8Aurfn5lX641LlvxSy42Ll9Fhlo7i73tl87t9SMd-2FyITfFKYpjVQE-3D" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Warburg Pincus</a>-backed <b><a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjfqv52Yx0p2zQ6eiH=
tpGKRA-3D-3D8tvm_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36=
OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2B=
CFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-=
2BPtApeZ7kAUgzMvNbUm-2FP9RXE0gY5a24-2BeSBD1udKas7HssCVRh2ApNwKfF9Mfih3hLMBI=
M11h80hJjNCnne843xg72psO3okt0JpQEyTGsADYquiQxfZ0KP-2B32AGxk1nXlHjGmEODeYt1v=
K-2FBcbjT31MxhmVX820-2BELFbhhUTlcpu10DEVoKnn4IAOYqx-2BLUMFxH5B84ZYm3iR7DmOq=
dcLkm9rl-2BfoHskj-2F6zHksIeRoFQsiTWpdHq4ZkHJtxeQm6g8sxLJbNn6M7TJIsf7uSZKh87=
vTnGldsdsk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Truho=
me Finance</a></b>, an India-based housing finance provider, is planning an=
 IPO in Mumbai to raise $300 million, Bloomberg reported.<br><br>
                               Insurtech startup <a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjGc82CXKUVIol-2BFViTZvACw-3D-3DItOu_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P=
-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD=
-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MV=
yUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvAsJh0l=
-2FQEpG0PJZwqV6NNC2K8HMPsdU1p4KXwNaOoCxlElmygsDbAVo6eaZ1A8I3EkLgbD0JrCF46mW=
wkyhdwsg7O2IUCEstkpqenVLoMyb7BGvO05i97dJ-2F-2BqFN7hUYzN7fjxAOvQ6-2F22vK8W2L=
h3zgxodL4s3aBWCJ3eTw1s6q8BMtNyWw50MziNFRIxIqPTn1Ne-2Ff6iahbsV32bFP05zHJ7pjl=
O7uaXajvl13-2FPDk02aeWJv-2BvAXp5ZyCD3YuHvspkwvjuMnchDt5vN-2FDZo-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Futureproof Technologies<=
/a> acquired <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IId=
OjrbGc1CINEHmbRQXaPJpACQ-3D-3Dhc3k_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP=
-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFE=
B1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kW=
fr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQ=
nJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvO2qCHrzEdqMke5-2FPUpz8RohP4oSFoFneeL1MyCD=
q-2FW5ATMglY56pWm-2F285fimws4UYNGBpxToN87A-2BetXM-2B-2B37noMl1QPSnGawK41cEa=
YyXMXgmwtOQUQ7QausD9D6F0cUnk0N8m6-2F3g5IrUxduZ-2FYzVKckM9WlG6G0zfwsPoQu53jb=
6zaYyOUmPxBVMsoVb8vLG8Tb1cxUuEbvll5cQmprpy12JKSWPo31HjeV1pIpDTO-2FPg-2FJMeN=
J5dexqbQH1-2FR3x9e0q7n-2F0z5egx-2Fvkfo-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Terrafuse AI</a></b>, which specializes in wildfir=
e property insurance analytics and is backed by <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjKocHQEwF-2FzE5C6mBI5g9Pg-3D-3DPVWr_Pr966k=
nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-=
2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-=
2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVy=
UgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvDSwEefV=
y-2Bu5-2F8tJaO5Iekf5zBiG8TbKVkTQ08lOSY1AShCdW3F6iw7hi-2BnBprjCmAhWrUeJcm-2B=
UTzvhhJRmvXeLM0LriQWH98-2B9Qn69uEoxJZRbTmEjFW3l1gTi8YNUDE96IrEKiCUXN2DNeHKB=
TnEWyCDcUVxYdyGcVSnr8yywwum600ZcIBYqb-2Bzys1dMNLznilBAb72TUVDGFMKz9Jv18oRqF=
X0OOg2eD8oatXYeuM9kh17RJpK-2FoOa1F7KUl7aE0u9cjlBpXfiFdnfYDeg-3D" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">The MBA Fund</a>.<br><br>
                               AI video platform developer <a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjDMKYwG08GK7ZtW-2FhrTy4Qw-3D-3D=
218H_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQM=
GG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9=
FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5h=
K4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAU=
gzMvE3FqrkKQJK8-2F8Xc0CM7qUB-2BJ9SM7CfczfAVr3dx-2BIrsTNOAKOZiFS4QUjzzS7tTtp=
FQJONUGBEtYWgU753Q9nRYO1FKujGxgpQYUZr6GJ9iRJL96yevlnzBIzhrzDuLaVllwiUW2BALM=
wMeeG909LMBtIcZskEriS51DkvmNMW3tgUj4c-2BBQcYx9tzGMYw1a3dpGGc0Lh7ZfOgZH1KJil=
8nYP-2BPv0UYbaVcE9nM2HwZ0AmOJivMkYqwvPe9XJyblAIsNj4ct-2FR29aw9oeqW8Ek-3D" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Kaltura</a> acquired =
VC-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOj1=
B7Up9-2F-2FnuL-2B6vsivGriVg-3D-3DL_5n_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4Vkjuvzr=
fFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag=
1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXv=
OdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvAtsGwknxCWppafTUZYR9K6K4VL45L9u-2BsNHN=
0-2FxO8MEKFFMqXvm63PE6lh-2BOljk-2BJ0xzLn8uLpVzaC-2FJSxQhSjbJfn-2BaMmavGW0v3=
2Qg28ZrIH4BvhpUVC-2Fj050hWkaDaDVchsz0UD33fVKRadSL3a2psYdzB-2B6Y4-2Fjfd4COfx=
IGfdq-2ByHNrowWr-2F1ZAxh-2B6Tkn8lIkDw-2Bwmghr8UciEvWr-2BBqQo378gcNT7Yb7Pw9h=
fXFG10cfrxKMS0PFMztkdzhemoBg0qtYKpOyb8kJO2Y-3D" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">eSelf AI</a></b>, which specializes in digital =
avatars, in a $27 million deal.</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-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjlU-2BXlEYxLoEav2g=
Khq2AQA-3D-3DHnsl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C3=
6OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2=
BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc=
-2BPtApeZ7kAUgzMvOsJmeiBSnieNYZyg4V57dvy4rsvn5SMoRCqXJoIfjXK3d-2Fe7wfP-2Bzk=
ZDUo9f3SPkNX-2FtECFAjcclmdbkagFOG-2BgkF99FCgTYWOpwNbxT-2Bf59fiJQMUk6PGjEpoX=
xYb88BwrhO4ZMVHmiVXfcgElK4IVsiYV8i0HU5HDJ-2BKrZG8u7KqhdhC9SQbiwSWDWRQBoahBg=
MD7YWmPv4mfRX2J3e893l7ZA3A4rV9ZMLUFomW0O3-2BDv4TKfQDr47NDQ53BcjnnwzNsav4e3t=
ZC45VZr2E-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Neuber=
ger Berman</a></b> closed its fifth private debt fund on $7.3 billion.<br><=
br>
                               The <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW=
BWyT7bXBUpfCazD8IIdOjpMJfcgEcIq8l-2FLEeTiymJQ-3D-3DdBPH_Pr966knuaHmaw6c7pKv=
B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeY=
nkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrB=
Jfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC=
8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvFVBmQjbAtKWaDQgmreAY=
esZJ427DN4wB5b4kXtHaFfRWcUX7-2BCQT-2Bdw3ZB0o3szQ-2BTc0zFG-2F4CtZH7RwOyOIixA=
fC68ZW8DVkjG1pr7i5s9aNa-2FRCv21uY2vjrdteK6Chfq6R8SJrqmGzy-2F9W0VVaNhIUpE3u9=
0MuajtQJn6RD5fdxsMJhrkBFJLjNPKcOaxrqhsdPBb72f1k8c7xpuoy5pyrflDlyKmrcrMtdh1U=
-2F-2BBrzOQqYBHcPQJm4ud-2BCgNAPJOPV97NQsoaz9hOK88T0-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">Qatar Investment Authority</a> teamed w=
ith <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjLViZupa=
tYBdvh5ciJhw3tw-3D-3DzCxR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzX=
Fp9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlT=
KUyzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocS=
xQDad7Cc-2BPtApeZ7kAUgzMvCoz2Gm9TnhuFU5ofXZV6zdcJRlMQXHgRNLMUjY4bij4FmECWRq=
0uoyG-2BT2E2V-2Fah4HeMFEt0aZwDGz6nKM13FHEkcvOCijxsCZO3fLngh9hPDOPc8OpZk0K7F=
O1I3SsVR6zDGoZkqeSVfkd8-2FQHKFhK6VvReQGvg2c4pP1DXhjSpmPY96iiWeSSZPqgRdahy-2=
BRmRTC04GPZjGY3JoycPkZSTyRJtyufzGRKN02K05kGrvymmSaXf-2BL1YnsDk5iNFoSpnv5eFG=
jFlN-2BFFWABxvQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Orix</a></b>, a Japanese financial services firm, to launch a $2.5 billion =
Japan-focused PE fund.<br><br>
                               Boston-based VC firm <b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzVHkXLLP2UoXyudFAo6UGSEGvDBFXe4qwFBButKeroi4w-3D-3DCSBP_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRQMGG3yg5=
5C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp9gY2C36OfUITtshdAI9FkxTAF=
-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKUyzc3-2BCFDyGhFhUO5hK4uj-2=
B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQDad7Cc-2BPtApeZ7kAUgzMvB-=
2FoSpPFtSi2MutwfhuKQ4QN8dEVys1twjtxZ5lp7sETShoYMBnteevJzpjeMt0V1fEnK8OE3-2B=
QOFKOj5SPqgv5qtFMD6lSEkybfk3vVbWL4HRaAXtg0QxW48gBWjy-2FjxJp41F7RTU9wVLdZfoM=
T0AkAZHMZLtYotLZqV0KFTPp29tE9KHGmn-2F3yyForJLscPWyf-2F5wkzToOaEycMi91a85QVA=
qQ62RhFohRo9QECqDcNBsB-2BT7ApTCCDy00cfSnBWiMCO2uESouw8-2FiTNrQBYA-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">J2 Ventures</a></b> close=
d its Brookhaven Fund on $250 million. The vehicle targets investments in e=
arly-stage, dual-use technology companies.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVHkXLLP2UoXyudFAo6UGSEFDExPIax2=
kQfCjgEkJR4JQ-3D-3DuCfv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRQMGG3yg55C7P-2BS9vUBlWaOeYnkfguwUflJ4VkjuvzrfFEB1l-2BVzXFp=
9gY2C36OfUITtshdAI9FkxTAF-2BD-2Fks-2FmaynrBJfcwbd5ozQjyRTl9ag1kWfr0COoQlTKU=
yzc3-2BCFDyGhFhUO5hK4uj-2B9MVyUgMECLqJCI9nC8WzHSfKv7BdK68ueXvOdQnJ-2BDocSxQ=
Dad7Cc-2BPtApeZ7kAUgzMvKFn4hQCNLfsIs4UisHOMqVjiH1-2BGo94l8ZBXE51b97z7fkMVMI=
NFs0uXrI8PsOPk7DlwIyVxk5ZkPL4G882YWekJwcVSBsut2OjWF3-2FxmRC6F0fYzizn4AtIv0h=
VziV0Rm8pOn8hvmkwzJeCg1-2BmErUEuKPQG-2FqQ6D5qc-2BF73tD5lIiTFfLUEaaMQTe4QNa8=
O-2B3QcjjvQeTY-2F-2BxM1PiQEoekYopl89IM3QuLRijnwIx94YQvRN2W-2F-2FJWmPtsTrEMu=
QCmc9TpP4QZ86gVZC3AOA-3D" universal=3D"true"> <img align=3D"center" alt=3D"=
" src=3D"https://img.pitchbook.com/news/71303.png" style=3D"border: none; m=
ax-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
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