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} .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> How AI= is transforming drug discovery; ranking Q3's most active investors; French= private markets amid political instability </span></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">November 13, 2025= | <a href=3D"https://url6380.news.pitchbook.c= om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWdCLpUeU= hU-2FtktYNEacYO69Ezb0UQB60Mkn3JTgORFwQ-3D-3DOhH8_I3w5d9c01gkD8gLzFEofZR-2Bh= 6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3p= lnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yR= UpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3Dtc= FPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu1FVUsWZlG97FgHxHkU8no9eU2D-2BB4= kdMuBwLGuzLsqopfVCD6n-2BsblemjZTW-2BPEXNbDXMkBBqjHUa-2BqVzHh2IZGHUXWtjTrjff= 4PeOKD7kZj6Q-2B-2BZxnReu29es70uU2XMEK56qFY3Lp8O9uFQ7l3TycGPD0we5jQCorPOWCT-= 2BsK4-2FlvKy1CUqnpLyP-2BjNszRCMIrEkayfov-2B1b7P5v9uVpPS-2BcOHhRvNrGcRi1QyiO= jGZD3Mk9XJoNUt9Xj0BO4t47NrP7Y2xf-2BFUBLojMg0DBW7-2F9sMq-2FKxUMtc-2BHax4Tc" = target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Read= online</a> | <a href=3D"https://url6380.news.= pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12o= pJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0dASWMAkXrIC3kg-2BeC0SuDoy= GjKHmOSdfo63E0RLyaXhmtZcu9qypgyxWwak1NhA0coLyWLpIGucErQpvbIjaXQ-3D4qvp_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9= sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi= -2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JTh= CCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu8wSrmStW0= 8ARxAPMRB5k7OwjC57Rhlbp7XBeD39Gp34luvrD2AUnLAmUMW5GoMc6cAhhuxRMlwSGMCHJemNB= Dha2A6WRNaV3EtHzg74FSxEJiXHlhMhUhnRQTfRhLL-2Bctf34DPsS9fk9dH3-2FidpzMJQDMLi= CxdfGEvSjEvqzbjsPgRGUL2C6UNQ-2BaPVVeiTdcKRliFgyFHc5Vu-2Fydjc0Q3WvLWsO9VCZA5= f-2FaFLFEFGGlHC99pRuIl4a8jb9BYr2OlSMqicU-2B2mo3b4iwIv0aHansliqRROSKYSmGtJdK= -2Fq" target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080= ">Manage your subscription</a></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td style=3D"padding-bottom: 14px; text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH5XSWvho1fjnN7hkaPCzcJ-2= BQ-3D-3DpChO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sG= DwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFy= JgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21O= OskNHffuwb-2F6rZd-2BpQjkbS20tvioU2yTH64fne90Bx6oYiIWykP3KNz3G6twjHYgcr-2BhH= P0JE3iC5xIC9MOVx3PW-2FCWxHuA6urbOjYGBk7v3tKLLwbCK060rXYvWmJFwnC3kgw0u2kJDUe= qJ-2BdeFWuPCBEqeZTo5NBeVWIh7M3fHtXFDpWRYf-2BwDhlE481pcFLVKA9u6VfbXr2CRhnFmL= 3zJW53tScAS6swiJWos46ghCml6WtXdzIqilD0LAx7F02MSUlBfyJMbGT5zYWebncWKriaqdlKk= yJCJWt0i2FWN85ww-2BTS" target=3D"_blank"> <img width=3D'1' height=3D'1' opa= city: 0; style=3D'display:none !important; mso-hide: all;' src=3D'https://m= y.pitchbook.com/ms/pixel?userId=3D3DABLZ54MOPJL5Q&eventSource=3D3DZQDXJQ6VU= BAECQE7XY5D5PSLQI&emailId=3D3DM6FZF5WHQNFWM&emailName=3D3D6H3WX3QH7CXEMMMBQ= SMFL245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EP= I6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.news.pitch= book.com/wf/open?upn=3Du001.4Qe7VL981gyAPMxYoCz8CBKmv7adpoGoGfpUfNDzw-2FIUF= PDY6owZNjRg8mspgm8j6zVwH4a3fFhPywoUtKzOSFbkTIRAnN1OuzbQZpLro2ZlB6w3gR1PtVAc= qG-2FVeXlO4v13sz473Og6h1SB-2FHmF3kUd65IxXqHuMusxiZMHslZlbrh3cyHbK8LtqGAlwiz= sJ-2Bzgfn8qio3IgTKC5AR8UL79ERdm2iiSR3FlaurE5pJ5-2BdT5UAdTuOozAEtTj2PJSrllRK= GOVi7wokBU4pvNP2QH9ONYQnrHqHbX2oCi0WIiRPMK0f4hS8gqmG8V9isNivoepYdgDEo665EMD= PVgf71vsPa0ad1xl-2F-2Boa2W0y3ETYl2ukVgKMti80muRfnH9DbQeVeItRiG-2FZfinNRybmr= xqdid1OhGkUOGl-2Boe5bjy-2FyPTQChGqJduuFviDm0WKnVxTzAzFL5XXJCgSpYN1P9YkWW1cJ= RC8pEKAF7YeVkqtnVYYOgs4aRWZevhMbMZRjfRAV1iD2Ig1-2B0CuFpZXZIeK2jnNztJisEt-2F= ZqLwftmKZPaFojvotg1Jt6v0Uqot" alt=3D"" width=3D"1" height=3D"1" border=3D"0= " style=3D"height:1px !important;width:1px !important;border-width:0 !impor= tant;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !imp= ortant;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 != important;padding-right:0 !important;padding-left:0 !important;"/><img widt= h=3D"141" height=3D"39" src=3D"https://fonts.pitchbook.com/newsletter/pitch= book_morningstar_logo.png" alt=3D"PitchBook"> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px; padding-bottom: 38px"><span>= Your edge on global private capital markets</span></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><i><b><a test style= =3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgATo= H5RoYmzHNRp2u65-2BLQY48cWQ-3D-3DaP4q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC= fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7B= s6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FH= wIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQ= rwWQAnPrj089r6n-2B6rm21OOskNHffuy5UpP0DpA1ldF2fzkyxtEGiNz-2BA7j45yMxRjedOT8= sTX-2B0-2FI5miTDOYZzPIowyowdYx-2F0Yh19l25ucE5qJN6X3T-2B4VZ5zIVvvUksZwo5-2Bu= 5rFjQGM3pNgwExHCy8Vgji-2Fe5GTwrKSbR0JXgZedJgPIQlfqNFfJakWMQ5ByvobHmnnuXuHur= No-2BTcQd8cBCNoOytWTammQ2iohcXaIr4gGW6Rn865aFK9-2BdHV4det-2FlCBsgGuo3yCWkki= OVoi99JPWSuL1zT-2F8CKltsQPaiaXhhuv3PiV49tZmxFDQzg8iBZ">Sign up for Capital = Pool</a></b> to get weekly commentary on what's driving LP decision-making.= </i></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574645" id=3D"n_574645" 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;"> Kim Kardashian's shapewear bra= nd Skims to go all in on brick-and-mortar </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 = Rosie Bradbury, Senior Venture Capital Reporter</i><br><br> Skims, the undergarments giant and brainchil= d of TV personality Kim Kardashian, said it wants to become a "predominantl= y physical business," signaling a massive departure from the brand's direct= -to-consumer roots.<br><br> Skims isn't the first high-flying DTC brand = to expand into physical stores despite originating as an online-only retail= er. Companies like Warby Parker, AllBirds and Glossier eventually migrated = to brick-and-mortar=E2=80=94but not all with the same business success.</td= > </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH51mDgxV1= G8czCbBobyOwnyA-3D-3Dxjhe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdz= bCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUY= KINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj08= 9r6n-2B6rm21OOskNHffu1cxbfCGz-2BX9JTpPyvH0dT7ltLuGMSRR9MyWo6XOBcrBtT6lgN3Cd= ylvVnjB09-2Fy6ktjRyrgVWXGXUls7vwGgEXZliyQtMOEGezlyz2Bh3-2BbkeNdRLl-2FQshqQo= GopKCFIo8mncWg8XhJ7jRJ-2BwO-2BNxj6H-2BFzTJxPU3sZ95OwH4z-2BbDzZXk2iHhlPjucDx= TO53msiw0XoZABxHXzjrmOsGQKPdD8zhHLDn09oKJvZjL2tb0mEieJzW5wY-2BSscyix6TGJwBH= KEBjYPkJbdLMNMUVHK18W7ukCw-2BIoz-2FpEKrv3A" universal=3D"true"> <img align= =3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71350.png" style= =3D"border: none; max-width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <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">Skims = raised $225 million at an upsized $5 billion valuation led by Goldman Sachs= ' Alternatives, it said Wednesday.<br><br> Skims expects to pass $1 billion in net sale= s in 2025. In comparison, eyeglasses company Warby Parker has estimated it = will bring in between $871 million and $874 million in net revenue in 2025.= <br><br> Skims is among a cohort of celebrity brands = including Rihanna's Fenty Beauty and Hailey Bieber's Rhode, recently acquir= ed by E.L.F. Beauty for $1 billion, whose popularity has been exploding.<br= ><br> In February, Skims announced a partnership w= ith Nike's stores. Skims currently has 18 retail locations across the US an= d two franchised outlets in Mexico, as well as some lines sold at Nike, Sak= s Fifth Avenue and other department stores.<br><br> In a challenging time for ecommerce, Skims h= as stood out. Two weeks ago, underwear brand Parade, backed by consumer gro= wth equity firm Stripes, announced it was shutting down. Parade's marketing= strategy was similar to Skims, emphasizing social media and products that = catered to a diverse and youthful clientele.<br><br> The divergent path of the two undergarment b= rands reflects how uncertain even seemingly rock-solid business strategies = can be. Many VCs have responded by retreating from the segment altogether: = Ecommerce VC deals have declined markedly in the past three years.<br><br> Looking at other DTC companies, Warby Parker= opened its first brick-and-mortar store in 2013 and now operates around 90= 0 retail locations. Its popularity may offer a model for Skims: Like eyegla= sses, undergarments are a product that many consumers may want to try on in= person.<br><br> Meanwhile, beauty company Glossier opened it= s first location in 2018, but eventually shifted its strategy to also sell = its products through retailers like Sephora.<br><br> As for sustainable athletic footwear maker A= llbirds, the company has closed several store locations since last year to = focus on online sales amid business challenges.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH51mDgxV1G8czCbBobyOwnyA-3D-3= D3CpZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn= 3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FV= rqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTU= ntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHff= u7EZllRZh7mbkHII9qVYel0-2BIIgj8LU0FsqPqNQ-2Bhkf8oyyd4fEyaUcxeOYdN6760rXlLzx= rGDs7ZTrrvxpBpf6Xg-2FFJmzOViTDwPRRkfcStzbBvNUO1aZFwcojc5Ub7pdAVz3y7zW-2FJNs= ppbdAmhCWwkx0VJXV8G2zV4yX8RG68flGEoQSQ2TxwW2Hzs5-2FSJHDb3OvVo9ddnhx9ziA578t= ZwN16ae2e-2BX80JkpHN0KpzCPvE7gDgekcrOgeGPczH-2BXfFirXF27D3x3pTGaaJudv7q87s5= ta8bUOYco59yxT" style=3D"font-family: Roboto, Arial, sans-serif; font-size:= 18px; text-decoration: none; color: black; padding-left: 3px" target=3D"_b= lank" universal=3D"true">Share this article<img height=3D"24" src=3D"https:= //fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: = middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4r= tWzKgAToH5Wa3w-2BPx-2FV2Os34JpchBNBg-3D-3DRJYl_I3w5d9c01gkD8gLzFEofZR-2Bh6V= warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3pln= u1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUp= Cv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFP= MIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu82RkSo7ukA8hvhU-2BAv6ahKlvTSbVnfS= 2WcN5ODa7ehFrTmiRRIbDAFfgCIsrHGmQ5cIXWxVVT1DpQl-2FAYsOn0iHWo0weAdI2K0XLQA1W= 0dwTgISjc7naPic3K-2BnFeeXTQcP5cLuchyLR9gwSLGVMvxtCspmEgkj-2FaQQ9NPZ3BAZzhp5= NMjyb-2B6o36ccLoWNMtnt9pjkY-2B0DoDOxYJAlmGfau2xYEFRoRuoPznAMZ-2F-2FnYNYF0us= ZIoQPhVrjPTJZOTzNBpqU5coYMUa9OHOjEx67J-2FEU6wed4ELUvi47Sx8v" style=3D"color= : #1D5080;" test=3D"" universal=3D"true">Q3 2025 Consumer Retail & Serv= ices Report</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from Affinity</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574558" id=3D"n_574558" 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;"> 2026 predictions: What=E2=80= =99s next for private capital </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH50ye2VQdDq2gDC= h6Cnm-2B29A-3D-3DZtvL_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnK= cECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINX= nefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n= -2B6rm21OOskNHffuyM7l6OFI6B7lgni8zm4OFurKy38rzyMQOLW-2Fz-2Fkcn5W9-2FM-2BXLf= -2B0MZqIEHKql7UUOkgLjsOA67GpzPlqE92b15l2eCuEyxK86jMQajihD0cx7BhrpQFu54-2Bn3= vW4k85dvj7ySwgwB9gYNDm-2FL76MGLLlyFZ-2BL2YCnPm9PoT9-2BYN83rj79QGfB5AKzsOcC-= 2BYhsvb-2FX6WTz2Ks6FW8axpsXB7-2FSJQ9prA8VjT2JBaLK0iBJZ-2F6dWTEHxUOTuQGOMIfY= KOgD3KBIwwZ7eqiQXHmRfJ5hFNfJ6O5sMyVBFVGusw"> <img align=3D"center" alt=3D""= src=3D"https://img.pitchbook.com/news/71310.png" style=3D"border: none; ma= x-width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>Private capital firms are entering th= eir most challenging environment in over a decade. IPO windows remain unpre= dictable, M&A activity is selective, and valuation pressures are extend= ing holding periods. Meanwhile, LPs continue to demand liquidity and transp= arency amid constrained fundraising cycles.<br><br> Join leaders from Northwestern Mutual and Ar= mira for Affinity=E2=80=99s 2026 Private Capital Predictions webinar as the= y discuss the market forces shaping the next year=E2=80=94and how top firms= are adapting to stay ahead.<br><br> Key topics include:=20 <ul> <li>Market outlook: IPOs, M&A, valuations= , and LP expectations</li> <li>Winning proprietary deals when founder re= lationships drive access</li> <li>Supporting portfolio companies through ex= tended timelines</li> <li>Turning AI into a competitive advantage a= cross sourcing and operations</li> </ul><a href=3D"https://url6380.news.pitchboo= k.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFc= d-2F8qy4rtWzKgAToH50ye2VQdDq2gDCh6Cnm-2B29A-3D-3DfvH1_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lP= rhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj= 9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2= B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu1n-2BKEG3-2FM-2BYfiv6V9fxy= fuSu6n9Q7NXDIaweQnR8JD8nuMYcLxWwq0OHZaz7xtv-2F8CLykHXnZjKYmgYu16n-2BADtdISx= clKNGcw0eTQKdvARO22mjOSB7u0EA1jbAuwc219Jqlx0wkkONUqtmuxXNRPM9-2FVWsd-2BoR8v= 60vfRyTnw-2FgNsH50SAvxnYTEDBqXXNBwutc1DmVKvBVd9pnvHxftDE5zGogp83TcfF6gW0NMJ= RVJ5M9f26Er-2BrMifgSJVCBrOxXwwh9EiU-2BCiNX9zEyikmOEKj-2BmfR-2Fi7XLhVUl9x" s= tyle=3D"color: #1D5080;" test=3D"">Register today</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>The US government shutdown may have ended</b>=E2=80=94but the damage= to the IPO environment has been done. <a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzWloFcd-2F8qy4rtWzKgAToH5MIrIMPIWs61IqLZ8KOL-2BJQ-3D-3DXax0_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4x= lQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2= Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL= 5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu49n-2BAwB5cwUEJVr7= VhpcvTpIs-2FIenOctMZC1Y395MIYay-2BhosZtSZQPrX244t8COzErSUGtRaiVLVXpnoEjaXkx= oAO-2Bf302DZK0iFStl6-2BS9DV0fluaSY4VqrXpWsPq-2F-2BgcVtaY2pFxyt6sg-2FcsMiIhW= SBeim3lwtkYE6ZMrfCCrwwI6f-2FAZ2fiDixR4IsQRK9d-2Bfr-2FyPlxdCJIu-2BZDdEMZ3jUx= uzlP7M-2Fo2O0zva8u13macmWGHNDp5EZgB4-2B7B-2Bqt-2Fau5vGHVA09DmPQdS377UEp2ETt= YvK00S0faLCFu" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Fi= nd out more</b></a><br><br> =E2=80=A2 <b>Just out: Our Q3 valuations dat= a for public companies</b> in the foodtech sector. <a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH54cy3C430Gg-2B05hoxJc-2F-2FAw-3D-3DI0= vn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJ= NOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ= 8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV= 2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu2a= duBYTum-2BhuUZM4DmwacwjGQPWwBvwd7qqUAvWyU2LWaGK5DsAypLaoBfdGkF4uDlYjeYiSKaL= 9hPprZDWAm5dP4a-2FOz-2Fq4WL-2B8WWHdHpOAl-2BrcQRjHlDYlxCNquQ-2FzzWG81A4Ii-2B= EmEz5czG5Phs1c-2FpgrZw5eaF4B1lGn-2FAQA3qua8jjw7GIdmh0fwyeEBuNfsTEer0L4PRBkd= Vp-2B8zTMQtYWbYbnX3gY9qzXGxK7HDP0OTQsSn4i05cD-2BJxc255ja-2BqWykkdfXeGVfOXMt= 2giZScIw-2B1ZTtTi3hVbHP" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue"><b>Get our analysts' report today</b></a><br><br> =E2=80=A2 <b>Many investors are holding back= as France endures</b> one of its longest periods of political turmoil, but= the maturity of the country's private markets is lessening the impact. <a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH5eFg6yqTSSYAEIGg= 9MO8x4Q-3D-3DLLQ3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECq= OE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefr= ivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6= rm21OOskNHffuxRX-2FipUWitG91qhaT-2BBl2rVhy2o8VrTMrDaOH3nwB-2F6FVqdp2unvC-2B= f-2BadjlT-2FKYQW1qTMUtMqK3mJuEXZtW6huu8NUjp0UVl28eGviQ-2Bouc-2Byc0lzDcRqhCo= a-2BGcdvUrO5SMYL792gNgQdXePmcJF4lsvE7kDDo1Lc4r0-2Bu3v8t4Skf7tfni64-2BQ7p9B5= sEU8SEV6SIunc2M8mohj8JAN677Z7Bxt8TEEtpcewzJz-2BEzOSGbvEodY79UL5MMkMGjwfxHnx= wJvSeJwYo6pqDrCOAN8rv3JLkufFikABGonw" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true"><b>Read more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574642" id=3D"n_574642" 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;"> VCs bet on AI drug discovery t= ransforming biopharma </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 = Ben Riccio, Associate Analyst</i><br><br> In 2025, AI-native biotech startups commande= d a 45% valuation premium over traditional biopharma, according to <b><a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAweIWTJ0EWAsTAi6v2o= mQjCQ-3D-3DwfxY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE= 3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefriv= BFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm= 21OOskNHffu6gO-2Bm6xc99UgKMneDyZpKulVJjpr-2F1aizoDgm7W8SGKg7B-2FmUixit30gS1= aeWr2TRp-2BiGnROLZq8mabNx8bb1hngajCJZiZ0ADjYWWC00mwXRHDLgeWqLKIU1Xgs0bmvi4t= yWYcQLkjB3yFfL3KKqt3CuiIfs73XLARcY6LZXl88QH0RSz3NBqII-2FcdNC-2FQLwtfkA6IA4B= 8TEhWDNQ2qf4wfXa3ZiuQlpMm-2BlBq5qCBs577-2BKx-2Bx6yTny-2FeSgHN-2FnQsZqrjGG14= DW87JacygdTi7aV06JB33zWgHnvm3BJ8" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">new PitchBook research</a></b>. Leading drug development upst= arts Xaira Therapeutics, Isomorphic Labs and Generate: Biomedicines have em= erged as some of the most well-funded in the sector=E2=80=94surpassing $1 b= illion valuations within their first two funding rounds.<br><br> Investors are betting on the promise of AI t= o transform the traditionally high-risk and capital-intensive nature of dru= g development. Startups in this space have raised $2.7 billion across 101 v= enture deals in 2025.</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-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAw7Oi3PEu= TFYY6aC1w3u-2FbsQ-3D-3DmjnK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuax= dzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgy= UYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj= 089r6n-2B6rm21OOskNHffu3p-2FxCjgMdfiDm1NI0IA4I9x83uvMlEq8Bmyus41eBgGB5D7Vn7= W3FwZ0KHgoGGz-2BKMBVSHYXklgafrGjlHYJxJ7e5qeohTvTUu87NOUyBrWxEbP4lsBI6Z7mrK-= 2BO35hoRSia-2F17h7s38qZHr6mlLI6wK2o0OBRnFPKo4V-2FhdKP40XMLFB9lpg-2BU2wvXZFI= 1BD1l4CP6fBlVVjkGuPaY9l0StKlI4bcDJQPwuf0J-2FiQizSeM-2Bbp4507zgft4SxtOJxmuCS= O7fCOXcnc5VDPN42ERijpyHeK6palJJkzKEc74" universal=3D"true"> <img align=3D"m= iddle" alt=3D"" src=3D"https://img.pitchbook.com/news/71354.png" style=3D"b= order: none; max-width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">New to= ols are improving the discovery process=E2=80=94identify promising drug can= didates digitally rather than through labor intensive lab experimentation. = Meanwhile, emerging AI models in biology, like DeepMind's AlphaFold, have d= emonstrated strong predictive capabilities in protein structure and genomic= s.<br><br> Frontier applications are now moving to "vir= tual cells" that can simulate the effects of drugs before entering clinical= trials. These advances promise to compress development timelines and de-ri= sk drug discovery, though significant challenges remain in the quantity and= quality of training data. Lila Sciences' $235 million Series A reflects in= vestor conviction in this emerging sector and the value of pairing AI devel= opment with large-scale biological data generation.<br><br> Big pharma is betting on AI biotech startups= as well, inking multibillion-dollar partnerships with companies like Manif= old Bio and Algen Bio.<br><br> Despite these early achievements, AI's ultim= ate impact on biotech will depend on how it improves clinical success. With= multiple AI-discovered drugs now in trials and more expected in the coming= years, the technology is approaching a crucial period of validation=E2=80= =94one that could reshape the economics of early-stage biopharma.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAw7Oi3PEuTFYY6aC1w3u-2FbsQ-3D= -3DZlwE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2= FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGX= TUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNH= ffu91ld0fEak45x0pmUqlDn0l31zW-2FA7JnS5yzfdczr3bU9B3dDIFwmM-2FklyOAhXATi3Ucm= pZsxi2estFPqUs-2FNdqt9CocVCiCqU4-2BrUfY1H5XRJKEBoDdobmyvbXi9ZpdiMWC4qWyp-2B= DSbrFFsxFFIcadCUSizmonKmyzVRDbLTNUNz4hauH8RMkppDBeXoGlq00NrU1FkeycBKzjnHvmF= 4FD0XRsAlFAuehxdk-2B6-2B-2F6YYFnjSy-2Bc1GsickeP6EIsdhswxntOsi23r1dCxGewEgYS= 28F1URnLxLr2YQ-2BGAQk6" style=3D"font-family: Roboto, Arial, sans-serif; fo= nt-size: 18px; text-decoration: none; color: black; padding-left: 3px" targ= et=3D"_blank" universal=3D"true">Dig into the research<img height=3D"24" sr= c=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"verti= cal-align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSl= DOz5JqVeAwux8p6RMVpXBFfY-2BeVGXc6Q-3D-3D_3-c_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1= st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv= 5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMI= Zf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu2MM3M0RcyH04wDidx9N2WOE3qwUS1C0Rn20= q7ru0ahM9C3vl7HPhxHr4HVodBufUP8NBTQ9OdyHLKXUjlOhTrXGPnfpZMzDxLGp3BHIgsip8yK= FO6yQdoLpl50wq7Rvrdkm4iGqA4FkXqC95Ul-2BB4pCMj3rU-2FffAvg889D0agVYgRYE1JCli-= 2BrpHZgbW4Ox4Mhl0dMf09qVA7cs5NVKG7Eopgbsfj-2BbPgWBf2BQeo-2BKJNFST8jynhINDIj= YWQ33RcoN2BpuaxjVvUhfpCO8ReyoIB-2BNUJDjn-2FrGMBHG-2BTQ0" style=3D"color: #1= D5080;" test=3D"" universal=3D"true">Q3 2025 Biopharma VC Trends</a></b></t= d> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>Last pennies roll out.</b> The = final batch of pennies was produced at the Philadelphia Mint on Wednesday, = but the coin will still be legal to use despite its manufacturing being dis= continued. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwL4cl= anmLsBBM1gpFAr7Vhw-3D-3DnYh2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iua= xdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdg= yUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPr= j089r6n-2B6rm21OOskNHffu8-2FUxp0ML9aX6aTDrm9040M-2Ffq3upvENmzjqIMBumvHRz3ga= lb0ZO5S7nsZt7EKyb6dzpnqI3pIM-2BsWQitbdiZoGnm438ZMEOzndSnzXdkOexKoiGt3Wu38EF= 4yc-2Bpr2Osc6m9l-2BFiMipNbzMbMMRKVbavlunT-2BaDzS1rsczxWIDa1iDWtviNU5hA8wkBS= 2mse-2BexdUQ0pArD8iO0A9Ix9bRzWSpHknzcu9YfCABgt16A9zIbkP60Mv8IWyRUGP1I1iA7Kf= 3YniuPJ0Fuo6qH34kgqM68a4ybHT1Nb4d-2B1gY" style=3D"color: #1D5080;" test=3D"= ">Bloomberg</a>]<br><br> =E2=80=A2 <b>Meet Land O'Lakes' AI tool for = farmers.</b> As farmers in America face pressure related to tariffs and lab= or, the crops insight division at one of the country's biggest companies is= piloting a solution.[<a href=3D"https://url6380.news.pitchbook.com/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5= JqVeAwCzvcnEyR78AS3mzrWpoc7A-3D-3DKVwG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR= FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk= 7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0= FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgF= VQrwWQAnPrj089r6n-2B6rm21OOskNHffu8z-2FPWNv9e-2FedXW-2BB3NUlWQRqj9v8lM39sBr= unbiRjOiSgWU2s4Yz2w00SlkOKnqzWUabfqiw-2FAAWyCGHEYQc9deF385Y10f8yb5EjNMAdZEU= MEE6fmQRTp-2FBmfYjmMfbtKuDTtZXWZZdlOR5oG4uQ2MAcyO7TePI5WfUHHmvC-2BlPVwrDm09= j5Rae1rKKkBF0sdzNIxkFO71jM9kRp5srwxSrU52QgCfrHGw9d-2B9U4-2FBvFpsBAaqIQVQRs0= rfPDDvleCbjRM9ot3sasMGitka8qbrr1g1zGBXiFuKI0ncJWc" style=3D"color: #1D5080;= " test=3D"">Fortune</a>]<br><br> =E2=80=A2 <b>OpenAI's running costs might be= even higher than anyone realizes.</b> A look at how OpenAI uses Azure, Mic= rosoft's web-hosting platform, and what those costs say about the company's= other spending. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVe= AwRta7zT-2B1Osd0f00MzCfc2g-3D-3DP3eG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC= fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7B= s6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FH= wIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQ= rwWQAnPrj089r6n-2B6rm21OOskNHffu8bmhjfhlqCMkiDXhM61-2BHvWI9FkGyKFwfnwx3WFfL= MFlm1FGFbW-2BEncKI2jn06aIgKSdK-2B9-2F4jv01JAjR4aMZumcu6eBROZnV1Pg7G-2BHPYlt= zU7784T0QurlJzuQOc3ZAONraLAWQ-2FViMYwbR3ppTgEFW77MAE2ymipzkYPkHa7RYI2-2F-2B= 95Mn0nS91Y-2B5LTlhraP0f-2BsF9qCBVnkEyun1XuhhobhamiqbGGHDh2X7CwOa7VgnELFeqRf= xXNzM7IklsOqUVieL2Vw5fUo2QWjjwA9LrrROZRVCkuirx4xMg7" style=3D"color: #1D508= 0;" test=3D"">Financial Times</a>]</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwizcuzdGfdTbEpOcLisdLGA-3D-3DY= NEe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3y= JNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrq= J8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUnt= V2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu7= 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<tbody> <tr> <td align=3D"center" style=3D"font-family: Roboto,= Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si= nce yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 24%= ; min-width: 24%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 694 </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;"> 2553 </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;"> 936 </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;"> 28 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding: 0 133px= 13.3px 133px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/products/= platform" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwk2pG2BFdEe-2F-2FK3wGkHELqw-3D= -3DG16Q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2= FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGX= TUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNH= ffu9QhQW-2ByZhCAcmG1f-2BvbrazArL8I85T7g6J8uV8vYw6eZufS5dB-2BNquNuu-2F4-2BiB= kh3lTF6hzmore2kNjYf6pVnCOeT-2BpGNRKftqOhguu8pvvTIpzM8eU34nDs1891rrqTrB8t-2B= J81UzlITT8nLXkocKFoF6wZ-2BHxv6V9IJ-2FutjfGRT6xG4qgppwLwpSNZ6zJfp4ZbWLq-2FY3= XvFOqajwOxrmTuLDbZ2oEFy9Ni8P8B9drgvvVky7hnAiGnjIoFawUbOmDGcpoDeyQLAmZY8g8rO= b1kZH8S5eGPfWdfhtKv8gm" target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E;"> Request a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> <td style=3D"width: 20px; min-width: 20px;"></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574636" id=3D"n_574636" 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: 2015 Vint= age Global Real Assets 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: 75.85910652920961%; mi= n-width: 75.85910652920961%; max-width: 75.85910652920961%; background-colo= r: #1D5080;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">8.83%</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">11.64%</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;"> 0.88x </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= swouzVZiK-2FDcOZkSlDOz5JqVeAwP06-2FmifPnq1DwQdo5ZcF3A-3D-3DABco_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I= 4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s= -2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2= FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuzA8d1jUI1K-2B8PO= 5Bm64T53Ed3Y1tYZtMyruRjzLQhQcdeImgxjxmZ5fyP5Lfk2zrn7WJOU6z32eNOgmk4fayjo7IT= -2Fgx2bY6Y4SCwIxemphCthDmkvrJsCdyZ8puqKzpt6eGhAI8LTRtCEG-2B-2Bz70AX4VMV21eZ= P-2FQY6hWWtsLhqUn1g3OGgjRoE8dNOqhQxm83vzEa9O-2FcxmJJg91G0TWepfm4jCXald63FF5= TGSjGgHaS4Q5LUym7e-2BvmfBYxhXee5UOxTwDL-2FyEfyJ59D6gezqgNrD-2BqPm7rUT96ABq-= 2FQ" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universa= l=3D"true">Carnelian Energy 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= swouzVZiK-2FDcOZkSlDOz5JqVeAwK8x7nuQaA-2B8H0QiLVj8NBQ-3D-3D2Fl6_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I= 4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s= -2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2= FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuzVULxUciMwjku30b= iwKkuF-2Bw9Z3s9ovRocepPNwQht6F1w5sR3w-2FM3-2BucgvBl6jB1wcZEE3keHgvudAL9eROx= AneYCXJn7LrvV1yWiyIjxlYB3xlUlE5LyTByzcrBmMzotSZsZMXYSw8JTLUrwfRWffc32-2BYKZ= xny0DCCnioh7q4w7eX6rC77mHsIgGLXmoFsN4B1iX6kTR3pIXGfXFsyGaXHUuHtJ-2BtRlHHWcz= Edn6OsF2N-2BgsI0PlG6jq1wnil0yBneWSWFg6wjoNxGUnp2a1WW6tTruJTJya8susJnOg" sty= le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru= e">Equis Asia Fund II </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= swouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMiCD98d3awzb46vpdhCgKlg-3D-3DXPtN_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I= 4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s= -2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2= FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu80HxJvnncoH58by5= csHzTcev0UbtED1Ag-2FoaE6SkaAtfMF5sVhx7M8KutR-2BdCsarIy3He0HvKQvV0bVJ6rQRoIV= zvF8MSD6NhW1tHaFhN08iaVC8CIlyyQ2ruVd596b-2FNp17XLthO-2FV49K5HnG4B2pJWnB46U0= L-2BG6nEM5KhmTHOhhdLBPbPtJLg6Y1jvNBzKDjAhbOfSeEY4YjGz0KNc77pdsv66QN2GUp2Rvf= UlHErkv-2FkHJmpatl8n-2FLY9bccoo16OmRVt4N7WIWlfmcL9GHtoOhyUw0itNh8kF8GDv8" s= tyle=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"t= rue">AgriBusiness Brazil Partners 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-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMTl= tXbllpcYdzmC6aisuPCw-3D-3Ds3f3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2= F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7i= uaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZE= dgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAn= Prj089r6n-2B6rm21OOskNHffu0E0GFAr3v3NpqbCZgPbeIeLg8HvRAoelSculsKFn4esy1DxRO= yFD4ZLqCD412smq2g0IzgGonq91NHtGNsRdgbf8UFwtvllbMFn5GqU87F-2FSm47BxjtdjrqKxu= RcJ-2B6xFCSLuIc-2BhyBt5x0lqO0K3BmYIwDoY8q6uE1Asjqmb8BreSzorDBl0pGJGWD-2BsWo= bQ7W72Ar9wKi3opDtkAHGzxAnziuOlzXeheU4v-2F-2BQy5VOSvGYu8wBoWJqHLbQAE5h5rU71G= DICdXYEMlDdkkZ6BUZ7jrhrmVT5eKcZ4gaVdo" style=3D"font-family: Roboto, Arial,= sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-height= : 24px;" universal=3D"true">42 Funds in Benchmark =C2=BB </a></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check = out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWH-2FPD= wZhnjCl3DJ-2FAJ0ptMuiTBgPpWx7bIuCI4B0MIMg-3D-3DqDmR_I3w5d9c01gkD8gLzFEofZR-= 2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrh= R3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H= 5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3= DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu6ol5lR0wiZnjekWAoswliErnbgtE= UFMjZ1L3BQAutZyNm-2BFYPDDuqmWARy-2B2SBph3cCFiv-2FsT-2F-2BCMEicP-2Fp98P-2FoV= xFPtVcF4aY6xJMKO-2Bida6yb6RI6syT1zS02XmGzracCFbotPyD-2F0I34O-2Buwb0ogrBrXye= 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lign: left;"><span>VC Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptME2irGRkgTByfj= OtNQ9AEDA-3D-3DQu7E_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcE= CqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXne= frivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2= B6rm21OOskNHffuxDfHRAb7nJbOnr-2B7dM0m1HYwBfFs4Jt-2Blgx5U5nc6EcHac89d3X4ACRt= T54yVxfFwJtll5ccLt89adIBS-2BwZXVsQmeM3tYW-2BLDYjvibFcpP-2FmIq9Lpr68vyAE-2BM= ZRpdUaYXLMNVb0Jcj9McAKGsNWdP60Kvu90sc2e20zRxO6wSNMrTRLvEI6GudNSR2K7LATnMtyf= aEl7X2b4m0kT-2FNBme0i5tgrCX6o3zkn-2BM5LR0B-2BXPipI1zjZoTVH1ZeV38XNXL9d-2BK5= WcgbK8SxOypS9znin8eNmnaacxjEmmrmOR" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">D-Matrix</a></b>, the developer of an AI inference platform= for data centers, secured a $275 million Series C led by <a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMWDIjqBYvot3zyHd7pUlNyw-3D-3= Doeot_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn= 3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FV= rqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTU= ntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHff= u8H6on7w9ZykRYUM741fYXzkZZLa3pOlEzR-2Flkyol9GyO9lL9G5fPf7b-2FBSGv6Och8G7qa-= 2BfAaX5KakFWeIA-2BuioKDosZRz4imYXF7-2F08r5mBdKLEcz-2B-2FZ-2BiZ3cwNbDlEFKoe-= 2BjqdYdSNqW-2Bzahw8TsXEKUAu1pQdpfJybvzdGFfyUCX-2BbbSOpScJysMvVFTbVJnx-2B4sa= 6UaCl9lEYeSm-2B-2BQiCgdCvEVU5tydGfBfZA3Okad3wZI1pLVQeD5AUHsEdYl6V67j5hUxLPS= CcXiXKgwpd3zujYSai-2FKPRawlNQZ" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Bullhound Capital</a>, <a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW= H-2FPDwZhnjCl3DJ-2FAJ0ptMXqmnc5dlBlaHQOtyfUIJ2A-3D-3D0vz-_I3w5d9c01gkD8gLzF= EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWq= q4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2= wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2G= kq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu8u3lH-2Forg-2FcRMffmkO= DMbO6J-2FYcLeWf2qtT17xW18i-2BPVBGYcUeHoK9hJxeUwkYISkOvZ0jESz-2B25MqKBjebgzH= 31K-2FNLTFg4VZR2QgfQ-2BIwsTk7IIlhQZm9uhvlsUNBmtX1yvD2nhTpgj1aJxprxK97lSPvTZ= pEgEqX855dtYmx8JF1cRFUJxvgaAZtVsi9X3fDlu-2F1gEKFbyyazy1Wot-2F7AlkE1H-2BnXKP= AMi-2BjaZlt5UUu9qtyDNxCILfxnxB23Ba-2FClMjl9yGFz-2BWuKKUht2NXxgpa95hRUKQJOro= fWC" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Triatomic Capit= al</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0= ptM-2BRV2pgc0XlO2Yeqe7pWlrA-3D-3DlQPY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF= Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7= Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0F= HwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFV= QrwWQAnPrj089r6n-2B6rm21OOskNHffu8E92DO-2Fmpfx8AkWl0DuXqkM0lkHOtufXXlRh479C= yC9yiennF6XQIz1R3b-2FXty5JB3FTXU5CwA-2F9G-2F8e4DsKipZPRs50zwSg81HqKuv-2FJKc= vFk7drBQM2-2BIscahRsulV-2BjE8PnX-2BGDplxcX-2FX5EcMSmhJWDxmQT8ILyY9RU-2BMUTU= tIrU0MeO0Tj32NZoGQe74TH3mwuXuCKZGynN5moUXMmYPCvRxGOtMoGEVPGTN6oVEl3doYYagbs= aGEQsfeXrm51cf5D9RjA1oKKZqIiDeLxLhx-2FeB4UTeRgfBi6fGqy" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">Temasek</a> at a $2 billion valuation.<= br><br> Boston-based <b><a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptM-2F-2BroVfK2Ztxnu5G6-2BVimAA-3D-3D3e8G= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNO= ohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8a= D-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2p= R1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu59mv= Ig6Oh2TLusyZEzPF-2FRJBF197L8lorh278j9HDmOT8XUwbllGaXcRaDWs0go0z4-2Bhx228PIN= HBNaAVY10oCkWrkoxcAGAPJ-2B1UDkmHZG0uohtcPD8zwMB6p5MHyrMR6il6qw71bLh8BOmQPzo= iGEnUoh3WxJq56SZdPVl8jPe1QZkkB-2BpPEzGMW1siKQjeVOv5lQBbf67-2FxcUBSR7aHzJRpr= WjQ-2BAmicbR2WTyzgaWQW-2BKifBrQEZxtRAZJppPBwPcK54Wc367skln-2FMBU1r5fw6EZy96= JRDagyZDI1f" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Teradar= </a></b>, which develops sensors for self-driving vehicles, raised a $150 m= illion round led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3D= J-2FAJ0ptMhH9WySnStJ-2Bg9kiDQ8s4PQ-3D-3Dceeb_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= 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3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefriv= BFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm= 21OOskNHffu9vW1FizHbLfkU-2BhrD3aIUMypl0UK1W4BE219xFSGalJM3X-2BnCTZWDfigm97q= iL21Jvgl9ryK-2FooI8YvyNkwVLDqNFhWlAUTfIPPbkricmGEmo0eKbdxp3ypim5Zcx2iDahaX3= mZZvQDQCo-2F76o3XhDEzhg4SRbamggb7hIEIUkAtg6dG44wRUloK1UpyOf5mRI9sqc9tDbv5C7= s8ul0h0NoUSv1VQf4GhHMvRQ71MpPXdd712Im2HXI4CGrY3vR88MwA6biKju5Vf231hYdgHacJL= KUZ0BbSPTyz4ZHyn9-2B" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Parallel Web Systems</a></b>, a startup founded by former Twitter CEO <a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwE-2FiE6Kav2brauGyt= e71GgEg-3D-3DMPbO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECq= OE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefr= ivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6= rm21OOskNHffu4eJyDmJLtpntiVXB4lx6dx-2FpoHlJY4xx3uzUmNit5raD-2FgleM6lr2iO4N3= gdvFGKeJ5bEKfC3QdGXczU57ZbdHV2g13QsYqQMGx9BzTh4362AdNwZtVcYUyONvISMH1lbmqgV= GsvHot0Jry-2FnraYWwF-2BX4wBwpaZ7RxIkxXiM9xeuvIMRUZmiYY1fzYljtRNSAmAR-2BVALJ= oynHlRDHvve2-2Bu4wmO8xb6cwgmBBRIXsgvB3zTFPIFs5yOOCTrIVRjJWMydLJ1S2Rr-2Flxhf= w7KxDA6M2kLnGEEvwrQ3Za1cCd" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Parag Agrawal</a>, raised a $100 million Series A led by <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwENa80ijX-2FK-2FDC03ZTn= AJvMA-3D-3DxEgz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE= 3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefriv= BFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm= 21OOskNHffuyBOUBbgLo5Xya3B6k9tPKI9xbux01ufK3qfFdY2FODfDx-2FyVg1I8UynthGzkDZ= I0iVdn3N2bADxO2whIhWqsCOzKi7iwWgSBkH2bejV1HKZ-2BzWy4CogghX007WP-2FLL4-2FSJN= P2gX4E0-2FLUjzzElVOAWaH-2F3DwApSqsq5Vhe2hHYJzD8YFJso-2BWHHj4sX2WS1PeLLeSedL= DpMjAvUPoqchah0vh8RW2m2c71iYaOAUNMM4RXaliBF-2FOHz2NsAjnOyQUOjtDRqxbU5XvwHNT= XvrB7xWR0b42sbfKVOu8FBKf9-2F" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Kleiner Perkins</a> and <a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi= 80lHXNVLTEX4M66G7MwEcxwU9KYsTaBgKG-2BnpOgmKA-3D-3DzK1T_I3w5d9c01gkD8gLzFEof= ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4l= PrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSo= j9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-= 2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu13VmOOUQm2nofijYDSt6w0EiP= Emu99Lx-2F-2FZkpp6fw-2BIWC28BLU6tOhG0A-2FyxkxFiKRxveaPE1IO-2FrW08ghrMnRWjBS= QAM3aeABna5JQas6zIvym0eE-2FYtE4EVoxYF7EGMvndKI9SQbqHzQI4monVSxeRd-2FZVDKw9c= ZYeyFJe4dZTKYpB6K588LzYx2YiyR0uxw-2BmT-2FpNsISOnQMVpS3UNnsn8SvaSJyQq7QrDS-2= FHwe5HpmDm3h7gSgF4nbmh2zUcifPJ2y71bKONEzCB-2B-2Fqa1T-2FnWvZ15wuiQnbX08MveaK= " style=3D"color: #1D5080;" test=3D"" universal=3D"true">Index Ventures</a>= .<br><br> Legal AI platform developer <b><a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwEX8-2FpHZt-2BhL3nFWTNX1SMmw-= 3D-3D6b0W_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX= -2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgn= GXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOsk= NHffu6YkNBPwB5wg3-2BCXCctNNj4q5K7IoE0VVNMS7dt-2BIn2wS9kwWPqSQ1AXdIPj-2BE4tD= dYxTHUaPU89UEKc-2Fwmn-2B2JWX9YUukx-2FTFldMl5TCcQyQOWLmLa9WBQ-2BNHNlUyA1-2B3= Ube25wmvzq0B2bYAHHtaPoUPF6fvFNuYENEPAA6MqrO1ktbhSxw-2F9eMrNv-2FcVzcl8CWXhPV= Ism-2BpdGEXKoW-2BKxEQN6hJaqplVqNzs1-2Fg76L56bNbe4E6oFn7JrmXfo1sERwULn1ENWG5= rEIPBIiRVmv7P-2BmSts0prYGQvdSvts" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">GC AI</a></b> received $60 million in a Series B led by <a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwE6kE5h2xC-2F41xnMUcg= 2tx-2BA-3D-3DWZu4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECq= OE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefr= ivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6= rm21OOskNHffu6XwGhFOvLaWxln-2B3RaKLjc7FfN2veD-2BhntkcmXJrkQVBShxRV39gA2TfZk= 0BGCCHy-2FneXHnqOLmT223Pro2DCZKGzhMPuO7RS5-2FlowImU4Mha2ZegOv7np8J9z0-2FODN= CdqnMYATqX2MQdfSGkEwh0pfzeK1tfX-2B2DsF1lqFtrXxZUgqaaBIij-2F29qxQrOFUtLpdMaK= IWjvOiKJ51enAKLOejKKbcbYDHV04LW-2F9uy2XcjD-2B8xXFUqiQNUSY5-2FsqwXMpBRFrZw8I= jTmS4rBa37fxS3-2FqkQja3E5A4v3yvDc7" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Scale Venture Partners</a> and <a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzVi80lHXNVLTEX4M66G7MwEvS7abKhMNwfmtuqewYTd9Q-3D-3DjS1Y_I3w5d9c01= gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X= 9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn= 1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB= -2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuzwiEgBq3h57Efq= ml3-2BNC-2BCMeygvHy70Qhi-2F34r7r4JbZ1IeOlqhhqziCvzqNJCTuaYZh3oinFWhJwGZbBaA= eS-2B2OP-2FiQ2Z3XacnhXsw7Oz28YbFr-2BGVR-2Bu3ux35APuFThKWXHqXeMPT0kSJ6-2BGqW= W6XugUl09sXs63tx84BIz-2FLbDaJ61ZlbiHYgvHN4bxCxy5X2nk7UTySLKaoLkMrbAkng6U7he= AClNm-2FwPqUiFMgYq-2FfqSljhwXkHWcoX1sLAvdyBW0b-2BmPwOzf6XIuNgUWsiJOs7kZQRml= 64nXlMan7" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Northzone= </a> at a $555 million valuation.<br><br><b><a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzVi80lHXNVLTEX4M66G7MwEjXLp38gr02n92xIeDOJpgg-3D-3D5rtU_I3w5d9c01gkD= 8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4= xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-= 2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2F= L5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu2gzlkpWXL8UtNe77j= kvYnqhY8-2F2t2babZCXnqgCM4DWMlJ24xty-2B-2FU2LZqhtAAetcY97KpgoX3WVE2GTxOXpm9= Z9aSayemGobTJNJRm4kvoEvYiZJcq3CpLs6i0OMhJeorSnlw-2Bhw3LKQxv7OiDUTWwrTTk1XRG= MaFWZKPqnu40yG483vDJtHX9FWumCYy2WzGBmCksWhvtPFK8m9PSxskSZz34r7Wi7XeS31-2B9q= VN191xJNFP3VFNpiRoOxTjHMyZLZVWltscEO341ym7CDHn7pean7FgQZbrhaHJjmJLz" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">House Rx</a></b>, a healt= htech startup developing a pharmacy model aimed at making specialty medicat= ions more accessible, raised a $55 million Series B led by <a href=3D"https= ://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr= f6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwEha1b2EphWeRHkpQcdPTcUw-3D-3Ddp= je_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJ= NOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ= 8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV= 2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu5h= mnNX47YVV1srMLh8sJiNvxV0a59FzL0rx9wphy2es0SEwzMYUSQmYJsv-2FsLlDYactGoEscLhu= wtXeEVa6jD1Vr1aVVCLNxKw5NNjHrSIqCg3kDdX79TCLTG5dR5-2BibMKwDAwX0KZQ2dq0JE1nX= zuKbjGMduRgpauImbYLW9ngWkVPuk6MkXwMs9KhOHRW-2FC2Wp3mWfoPZTpqTjX6FW6U8hWhLZ1= EefkD8Z97BGnttlv3XB-2BTNV9GPiodT8omo4pdv3SDGuRlZE3G9b-2BywIpt-2FmzzBCLhh5QH= ZlOEAoOwZ" style=3D"color: #1D5080;" test=3D"" universal=3D"true">NEA</a> a= nd <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwE9Kd6Jfb-2FH= 9l3GiOOdv5Jsg-3D-3DwjgR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbC= nKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKI= NXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r= 6n-2B6rm21OOskNHffu3y-2FGmWGPRSsFCXOM8ST2IFDCDFt01otTyreI4ZtEmhMHn0lliKjHz8= oHWCdb23IQs-2FogQekVdKoiXpMnDezcwD5FV-2FTzcuvifxAMxMx0AvVypmmexRkN4YJfJLI9R= pUMnnUpQx4ZioExvc16SACtIrvF7Ja3wRv8xfjznC0nLAi85naAPXVPSrwxL2ALAzSD0s3ChnOl= aUCNp6nsbYDCNsxf5tyv244jqJNVjttTQ9UYWtIIdFJPUi9ctuAxwF7-2F4thJJbn4XkerEIVY9= aFBNVh5Nf1nmZZW2dSq5s5rspz" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Town Hall Ventures</a>.<br><br><b><a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzVi80lHXNVLTEX4M66G7MwE73s-2FX4Hjd-2B0Nm1KBtgRhIg-3D-3DZ3QU_I3w5d9c0= 1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5= X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BB= n1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUt= B-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuwXOcN35PUrgIL= HUaSmqJwGyNp77Ap-2BE-2B6SBlfNivR7m5LocLt939zvfjUAgcnB4jg9RXah-2B5oBYrmindl-= 2BXoqEeOrzIfHqtdBEYcZ56ZSKu5Cd0FidLPO-2Fa4trbx6mERyq-2BGdcwP70e74lO-2BvdSdi= YN6JPEAfLaDVKPr8sJnJ0VSF2P5dvNnWUmExu4kIbm2-2FDpEHpcL6-2FVGxRoa58uHDj4T1oUC= TV8nwVqW6fp9YNGB9TylPVSQ5DauKbgjfQL4nAsOOW-2Fk0QoHsN3Qi0GPad4IvoPUGvlyu5wQQ= ygTdct" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Tavus</a></b= >, a startup aiming to build human-like AI, raised a $40 million Series B l= ed by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001= .d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroNnQAv15Q= M2br9B4I3Z7xIw-3D-3DdGaF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ= bcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzb= CnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYK= INXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089= r6n-2B6rm21OOskNHffu5wqtm1hGlC0tFNkOqX13PAawgRGf2OXQEwx3EJeKUvvzOtFRD8OuqWN= JwIDNX8b2jCa7YT7sGuhVau-2FJmsDllx-2Ba1gIqpfa13uQ1s8VVtHDjDSg5YshQQWFT5W3OHI= E9UdgeY-2B2hvvwhFjyEKsqBgbSwGVRwuSWvIKsPsqXrJ-2FpCqLTGfQnnhl2UjPwPAEZNJr3Cl= LHm32oN7F68PcjKHSukvIWcjJKOtHgyYOyVo1s5-2BihWlZuhyqoIsUOdhsVjUjp4NGOwCRcD5S= -2FBHVHhTT9msSi-2BnROnCEypqCCuVsN" style=3D"color: #1D5080;" test=3D"" univ= ersal=3D"true">CRV</a>.<br><br> Data and observability platform developer <b= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIrovP9VPh-2B-2BL= MyICiAmyt2uWQ-3D-3DwsHp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbC= nKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKI= NXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r= 6n-2B6rm21OOskNHffu3JyEPT9jITC-2FIbqbLnzmwcj0-2F3aRu22dHzdlU8MViuLWOtJ2glvU= o-2Fy5kCYloGo8PLaHj3wiKKepTbiIg71HskMpmL63TapnoPC3-2B-2BlN5TyO8bvCxc6oXtjSN= yOUoluhU4DuljBd0vpc-2B7KDIiOBmIIZFMU-2FST7TTBVMEhA-2FlSUJSRJrCBuvL-2FKklhgd= A4fcz2zx8G-2FlFsgyARNqkGmutGcGNHN6sVxQU0ntqWALugkaDxfImjtEsw4OH20nGh6XAMiSD= EjhhvMjVtmklmSRsSYDVSXWIFQ70R3VJA9szW2" style=3D"color: #1D5080;" test=3D""= universal=3D"true">Foxglove</a></b>, which focuses on robotics, secured a = $40 million Series B led by <a href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0= lsa5wJFQgGeIrogCbCYbrsAfxP0NfvefD52A-3D-3DzBcx_I3w5d9c01gkD8gLzFEofZR-2Bh6V= warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3pln= u1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUp= Cv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFP= MIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu6zqY76vINfSIwpfhTyQ0-2B71eg5tgQOG= 4YAW7gVYFoLlXxtL8Hen227GEs8WR8SS-2BNewWXutM-2FMHOSIPhP5C7We0d9LRyZmmbE6WKBZ= w7aKnjkLA7Ztkh4toxndGb1OKPtRnmetHC1sh2t-2BM5yc-2BAsOzx5lSgyCGN-2FbJQ1j6obPr= Z02bWWGcop1QsKgSHYhlBIYYyNC2ZeSWFLP4DkM-2FQX5XDHht9zz6S1AWutSN7KAz7mDbBARLg= lRqpKHhsakgFvV2Ji7CdRYCU2KNpxF4WrS0a5OTVrdfyXoHqHPAwC9R" style=3D"color: #1= D5080;" test=3D"" universal=3D"true">Bessemer Venture Partners</a>.<br><br>= <b>Beside</b>, a Paris-based startup that develops AI software for handling= phone calls and texts, raised $32 million in a round led by <a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroWX6UpWKaiPRU6sZ05hEfAg-3D-3D= yPEq_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3= yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVr= qJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUn= tV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu= 0oMutHE-2B45ij0UXE4CjXiZ-2FtmNLIcCvSNO25jeNMHoXSNtfPDUiecuMx-2FZ2yQOmRfFxZW= 5w8efUjAkpcPLs073wiDrjrxUUcfajBwoM1YaMcsJiMvRl-2BrH4R1dGEu1TGdqv1SHzkDjLcBF= QmWCpBJJddr-2FE2CtjGn7lrx1ygVp04A2i6kncKMQP0MMY5gWG43wNj0Ht6GSUexxzb4A99jCS= skDLxvanBhM8CJdoXsRCel2X-2BK-2BMJZsMZOFziGOZKPVL-2Bz-2BZObylM1aFhTwbFLHkCmU= qR32nSaeUF2kyJISK" style=3D"color: #1D5080;" test=3D"" universal=3D"true">E= QT Ventures</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0l= sa5wJFQgGeIrorpLV8X3S2i0f0uh2WitWKg-3D-3DdI4-_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu= 1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpC= v5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPM= IZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu3DG8RxfvkUdhOIN20n1fR5BX8p981Q7plp= KEZhG9MK-2BzSyF6JtSm-2FpHiEb09AaVrSzDmg2Sq35NVRbivVhRPKc3MIj0NAIMMMpIMdz0-2= B2vx8jnOD12jfR7GQBYIxVWYIoK-2B6xOBV8TOejXYUiADBbkV1MpLY1jIGebWwfbnC9su6uzKC= pAjQGIe-2BYcld47X3BV5LLXYlTE2eRTQ-2FybLkkRHbDSm22IKMwQ53FkUn6Th2okrn-2FZhdZ= XnIdsZZhIsgCCtLKkxf09Z4kRQD8tAnLNTncNwzW3IkiU5NCuIneJ-2B" style=3D"color: #= 1D5080;" test=3D"" universal=3D"true">U-Space</a></b>, a French satellite c= onstellation manufacturer, received a =E2=82=AC24 million Series A.<br><br>= <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIro44GrHfus54A= PseUVm9fi6A-3D-3D3mkt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnK= 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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_574633" id=3D"n_574633" 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;"> Don't miss our upcoming webina= r </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroZ8upQmfwu5qPb= P98IRkUeg-3D-3DgVwO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcE= CqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXne= 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valign=3D"top">Europe= 's private credit market is poised to achieve near-record growth this year.= High base rates have helped maintain support for floating rate loans and p= ositioned 2025 to be the busiest year on record for refinancing activity.<b= r><br> But, with rates expected to fall, will the i= ndustry be able to maintain this record growth? In this webinar, PitchBook = analysts discuss the impact of pending lower rates on CLO creation, syndica= ted loans and high-yield bond volumes. They'll also unpack the latest trend= s in private credit growth and analyse Liability Management Exercises among= ELLI issuers.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgG= eIroZ8upQmfwu5qPbP98IRkUeg-3D-3DrqKI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC= fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7B= s6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FH= wIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQ= rwWQAnPrj089r6n-2B6rm21OOskNHffu27zppDpoH2b0d9E-2BKnZpt0R1WBZk4dDbZlp1QJHUY= RKpReuTz83vy1mi7CILZQEfQazs55Kd8yAPv0DfzaWZgBPVHvz637wjQily3eeU4wax9Z1NhcbH= ADK2WG9UEeeZv8Zc4nbho5fHvOjIhjocR4UkPehtiDyjYzFT2zCmSB0sw7Uv6RFKI1sjFjEODAR= 8CzJnN5JJzh9agNF-2Fsq4uaISYGNSZecnmleLuU5UPILktYYNzw0ujYpnp-2BQ6GFND15enSQo= 5fE6lz-2Bj7ZhsyAk53tNC-2BL1b3rJZ06fvoElUJ" style=3D"color: #1D5080;" test= =3D""><b>Register now to secure your spot.</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroTUpSeEwQuC3jin6JEU2v= Xg-3D-3DCmb7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sG= DwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFy= JgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21O= OskNHffu5Zu95uMqk96TKiR4tHuB5TQ0XOg9kk-2BuCXfSvzyTGr5Bfc4EjpKmbwVP7MKLpIL07= Hf5ZIlUCYAaRUPxq6uLeADZ19EsEY-2B1h2ZcS4KlMDm5O0IqntVM58tAEf4VeHF0oFIobOjK-2= BlqF27y6pyF6so4H8ZEdyO3d9VjbzZrSH1XEm2rXY7wIbGR9PzKw2vTpuv4w-2BFtQsOtKf3aYz= EJN-2BnVsxdjD1HT37MTqLWV6ZJ0TD4yvEZfGCk40NPtofgWUi3sjhhYvdnyU-2BNHtXxBzVzYD= -2BqYDw3HJRKq5n51P2wD" style=3D"color: #1D5080;" test=3D"" universal=3D"tru= e">Permira</a> acquired London-based software education provider <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHweUpgsH3flRE7ge4PbwPtl= w-3D-3D8v4q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGD= wX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJ= gnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OO= skNHffuy8VSZRiFz-2B1O7KrGfIKP2Qf-2FKjKY6OTi8GMw6GYTAqeYMhvUGhjWp7yvkFCUx37t= D4ewilEfb2VQOm5w75uX2-2BiUWjIAhnzJYZBFuvTSKJKAUrUn6TOO1HLh20tHPB20KRa6Lo3tO= BkrLqr4wIDiNKv66VsGSb-2FwHSOU5wRCrMD2oNE6Frs4yZ6N-2FWw-2BoEXyxIGesoNW9oVG9E= kIFxhQQVjRheB1oku5EvizLJwYLM5eky2hQfT7FZVPFdWosHNLOlYmTCTs6Usl6HGBbM45pYmg5= mI-2Bc0nDFDcFaCUzRnK" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">The Key Group</a></b> from <a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFM= rrdwgfGFPtTgOHwi7rW-2BFlCiCTsX0c-2B37LSSg-3D-3Dt3AL_I3w5d9c01gkD8gLzFEofZR-= 2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrh= R3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H= 5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3= DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu0c82VOR-2FHECwT8WUXMrNXWqKZs= cvY8gYiPcxTkah3sOtVxk6LF157dWfiZ95Mu5hKxl8z8L2BatonA0rAorBbO3A0L2HPsqiBvLAF= LlNpwsmFaOGNr5ybHu7r9rNx3sdl8-2BZHWLjBe0vLiJ-2FhOGf48GmyUhscJ7WfLV5ddxhR5pp= 1zMFO9wE6d2qIYSHwQJVt5u9bmrf8wesGenPUH8siuX-2FQHkAWLF9RqZ0yoBtiftgYs2oJ-2BD= AH3uCxu8zaxAuVfx5C28whNuCGOjE7HoUAFW-2FzJLs2uhTa54Ij3ovadj" style=3D"color:= #1D5080;" test=3D"" universal=3D"true">CBPE</a>.<br><br><a href=3D"https:/= /url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwV4s4rImgj6kzoLwR6GiT7Q-3D-3DSode= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNO= ohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8a= D-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2p= R1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuzzlH= nTriyJDPlGdkJHh4xvFD6kFVQRst2m7UwVODzuWQUEJGIWTmdZgL-2FzeQ8D8TPzf3IjqP7rocM= 3F2lwfI4ln365sfkkMfbVpElxjZcc-2FEP-2F1qcwFIYX79IIyUYXCyAriCYTMCs03qt7-2B8qs= uXQvtjQsLphGexUKtkrrXA5hv12sFPumacoJt5gzcVicSlHH5pZtDs7PYQ9-2BxtpV-2FUEG-2B= gu1i6yM0oWw3muFt8z7TW0ZS-2FANV4Sd0d-2FC6VIHum2RY-2FKQiuZtpoKPdQTil1cV9WQGx3= oWzsk6US3vaZHAl" style=3D"color: #1D5080;" test=3D"" universal=3D"true">H.I= .G. Capital</a> invested in home warranty company <b><a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwHBizFAJVAdKhbiQcMR1HYg-3D-3DEBkV_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu= 9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2F= i-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JT= hCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuy-2FKd9y= BW0y1I65PxHJL-2FAc8BfXhOTn5bwxbNeWnpvosauHHSALFmNxn5qvTwdP0legdygVjID3LhRR-= 2BwNoaP8G-2F-2BoPOPUaSmNOdClBPmCU-2F-2Bq2RKQIAEJa54cRAKMmtkSJZVdfo0dJJyUBsh= vG9lv4awah69I4akMQ3Vpa-2F34L6vcOn-2BnrrZ-2BV-2BOssj10w2JnYFWZIcTfAiOoZNDf-2= BbmVV88iQ7-2FbMVIcPa53eREFHNduIA9WhfVkTetP8-2FgHXexXF5GZhGx8zYtg4W7TuYFBtwX= NrT2QbRmy3KCKSgq4MR" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Rely Home</a></b>.<br><br><a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrr= dwgfGFPtTgOHwpc3GSyKnoLghNB7oTHcSNQ-3D-3DlBKj_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu= 1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpC= v5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPM= IZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu48jAHs0nL2ORYUmiuDOL85d2sGOPAAnhpd= X0IBgDFd5kALGWbZFDtLFTVNN5g44DEHjp7MVdTQG03tqgRJJn71Q7dv0wnFINjAIwlA8k-2Btx= co5MOLL2Z4G0aUDKrPO6hqU3xMj1HE9fjOpXQA4RZOOuRxQJX31TbQ0KTWtXBq-2Bi6yYewXAUN= VyFfs5i8UMEiJ1crMsJQ3oWHpTuW-2Bx0nHoj-2BcG0jenzBHn4nWm3g9jSh-2BcE9M7GCGbRwr= 08rP5NpJPDeMkBo5RsNQVQvs6cCOTQZFZwEpHGzI8w7Hvhgnzz" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Clearlake Capital</a> acquired California-b= ased private market solutions provider <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzW9cjhFMrrdwgfGFPtTgOHw5dA6CO1a-2FylmdLV-2FutamhA-3D-3DKeNI_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9= I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1= s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-= 2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuyz3IQxknUQcmwcC= LqtZcKyL47dWT2YGvp035POltx-2BWrOriXax5Yo-2FRIKRbx-2Ft-2B-2BgDQ3rrlTI1AhdGqq= us-2F9sSup8nCXou-2B4pggfwT2bMSMbD-2Bn5NbPUvj3fe8PybpdTtXCyaYa0bmwNmwbZ4xTHP= z9ZX3xfRpylkuhGZ-2B6WXe6U6c9BuKIraXnSgRY6O6imB3C6OCr4YY5xpoQRDg9Uq2zSSMpAwR= frQV7oXf7fuBSt-2F5eCoYbP7Pr5k1E8pk07VVmaGyQy9m4sZu9-2BtmHPTVI9Zf3nl4bfIR4v8= 2kvZGB" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Pathway Capi= tal Management</a></b>.<br><br><a href=3D"https://url6380.news.pitchbook.co= m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjh= FMrrdwgfGFPtTgOHw6E8v6-2FWtOSQrF2mp-2BH49pg-3D-3DgSRO_I3w5d9c01gkD8gLzFEofZ= 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<table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHw9ePJRtcjvOSNC6i37zP3= pg-3D-3DBJd5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sG= DwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFy= JgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21O= OskNHffu7tf9Y64T64FFqa26x9FRzicVV1Yj-2BoqJlzb8g6vHI5zui2MOoo5Gn7-2B5u9b-2BJ= 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Hjo1QYLzntbfBUinnxWGbovMMhB-2FEJ1eW-2Bexw8F2" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">Legato Merger III</a> at a $1.8 billion valuation= .<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du= 001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dbhVjN= pVBUKn1dMejOfVfcQ-3D-3DRnTx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuax= dzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgy= UYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj= 089r6n-2B6rm21OOskNHffu3gmEh0undc5v4kahCIi9e2Lpp1R-2B4zbYQr6Vl4T2BBShd-2FSR= 6ZeIF1zJa1ZXdl9Z07HDNv9IyibqyhSg4b7CeMX5p0AnA5c2ryqxMOBViDRu4RL-2BO0BO88VOQ= e7tyzP5UZN3T-2FZU82SFJ-2BQDuULTOA7gnM12TCDmEeRLFIyP4C714Enod9y4aEOvULfsecYp= S4kDb94Rl-2BIzXz56gx-2BrDt2lLlcnMx99FcFPOtdssmj6RRxko0kWC2-2FBMRZQR-2F61qO-= 2BvmajwV3J-2FM-2BnaHNoSg4XIUN-2BSLLLYx3h8NjZwzo5" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Blackstone</a> sold <b><a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dwiE5eMkQmoy7ol7aWS0exw-3D-3D7qVl_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu= 9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2F= i-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JT= hCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffux9aLk-2B= jTFdw7QbcqjLEOYnSBhbLir9N-2BnrFr2YcMz5aNb3R-2F-2Bwn1Fg8CbTQxFfDVY4eJ1LMfycN= b5r79BXZJaBCSumbgY0TkKRkF72y210qgEyuLwlB9Z0gmFPzroLS9KJ6uXjFGjIBd2llr8-2BYG= 2c1Yr7zKH8-2FIw10Atp4-2BPvaHQypn2yoC9j4zmBJOLJ-2FXCF-2BOFfz3OZ4P2RVL3yCcgHW= s3mYEEI1h-2ByIuQFyDBRsEw7-2F7sif3RWbY1qowapwjpZ6QjEywAsTEconC36Rvy-2B5c8yY9= TjGKF1TDEdPlCOG" style=3D"color: #1D5080;" test=3D"" universal=3D"true">NIB= C Bank</a></b>, a Netherlands-based commercial lender, to <a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9d1ach4NXE-2BfjIvtagSbqUyQ-3D-3Dm= Gpn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3y= JNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrq= J8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUnt= V2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu1= Prh-2BpRQsw5tChQFwyqXI-2Fq9V9ir2hL0yGc-2FHJ96nag8r3Cl5bUUBcPw-2BJ-2BB6wG0l-= 2BPzZ2-2FpuzdtBm9fKZFAlCCQphN4x5KoZJpV5twN8H5yss0BGs1M0Qe5l5VXHMgyciQKh7qaL= W6M9shn93a488LrfOkJ5AErnNRWl0yjiEE-2F71fdQJmQb4C94WCHkDQZr2nq9roxxecMGOoFq8= rW1JKCPxl0jCTzxVbLNePiTF9qGSFwVimcFUangHJLz3-2FhnKMFd-2BejVWJvwqvi5TIKfmnjT= vnHaOsb8emrZQD5DFT" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= ABN Amro</a> for =E2=82=AC960 million.<br><br><b><a href=3D"https://url6380= .news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq= M7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dR5F1z1K4klZmlpIbHQ42NQ-3D-3DdCh0_I3w5d9c= 01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd= 5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2B= Bn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCU= tB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu4tvF8aljEXjz= zp-2BEB68Iyz1sxRMyUOXcP2vLmeRTiSWD1lGewI6fsmLH0-2FXRU8xuf88lpvDIhGmY6pfQ1xp= GYGk6HFFXFNNE12ZfqOr0Om3aiYVjMEwXZvONdC2X4i5Tb1uSOD9mNt2PYnHTRVw2yPrK6onOBO= hjhCJTMURcugC1ca-2BhJ-2Bc7eHWmAuOw-2BUR1dqZvN-2BuhRoxxidpYF-2Bueo95h8-2BoL9= lUvVhTar-2FnV00qipe38S-2Fx2dsabyS50rLgS5KmEd26sGAOKSmn1SU-2BFWvohQDVXvWog-2= FDcrzS6BbHr" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Groww</= a></b>, an India-based brokerage platform developer backed by <a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dhVswsTgwD7Gx8UM-2BWv8CzA-3D= -3DWltd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2= FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGX= TUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNH= ffu6GmLhCNZvfggpohKQBZ542SEaPUyHcDDHR3XJ7XBQJvZx1IP2RrXmj3TvMeEVnPe40WKh2up= lM5wg9NzZ4aZOSc91d0fQqj-2Bp0CRM0bKJe-2BmTJy7PL9-2BmC-2F5UikoahJaXwef2dXJgji= 7759AorsSAxRumuKmdwlUqZ4HnenEUTvLnLFGYJp3W-2B0cQPnrgV-2FfJhOPom7hn7HcAW5Zcg= uWU-2BPdRIJOvXv-2BFS2XEFVBZQfQGLQzh3jcqY2n-2B6TL-2BAXRvz4-2BlYi2Bs6Ux-2BeIG= VCoBIXnCZn4X8TuRjLeaCBbPRP" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Peak XV Partners</a> and <a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU= Y4ndXADEV3YiOXe9xSN9daC89DNaitsTHYEMyoMPM8g-3D-3DToBj_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lP= rhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj= 9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2= B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu3JNVQi7uii5U7ysKhTHOjOVWzl= 9VtsPtYPa5q-2BeHXJ-2BiiwefVESEZqTwMKnVgqHSECyA-2F-2BFiDpifbQDIBGw93VX6NXi-2= B8uxQ6NJFCBszfE09kJzfMUve4JjH2287TFyFbb-2FPvIhGY147pM7qYSqgwzIWC83KbF0JQUR-= 2FqO6q3kPVbkwaSxKoe4nFk-2BjpIzwzNWSUpwn9B2sA9Qzq5lyI768dPXhqTGOPlAZrgpsy7wN= weBqBNVLfNZ4OkiewwEPHQDuYJ-2FyWywusi7-2F8qSuTlvCl2-2FDxOF5R3kNnfg7op4T" sty= le=3D"color: #1D5080;" test=3D"" universal=3D"true">Iconiq Capital</a>, rai= sed 66.3 billion rupees (about $748 million) in its IPO.<br><br> Wearable fitness device startup <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dnsR2nWzlKBtDr8ZssgpQg= w-3D-3DBGGy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 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2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2F= L5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuwa06ookn7iQbhcxYn= Yip0l-2FxdXJuFsEp7Fje0kjP4LwdleZ5XisvJ15tpf8NInRnntYQBXZ-2FxLR1LiPM8UH2VBYf= yqif-2BGiRG-2FdrGcoWGiWYUAKbk5bgPEKTVpRo2bD-2BzW0A6k61F3fMMdp8cLnoQd4mzyiDV= xc7S1CRYlHOV560vybwt6kKbpUEnJhmXiaIY36ILql4ZaMToLv44bLgH-2F8PHVSn0MwvzuBAi6= dxQL7XVOBbgvE6s01zqXGjFGbeHrMLOGxsCf7N-2F6g7lE7l4h1yomJKerdsK7K899XDu2A" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Bose Ventures</a>, is = considering an IPO in the next two years.<br><br><a href=3D"https://url6380= .news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq= M7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY9wyZVs9czJQG6x-2FgyZDLmGg-3D-3DarW__I3w5d= 9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9s= xd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-= 2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThC= 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uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY9H-2BsKAsCVWaeSdLx= 8VF0Q6g-3D-3DW3MF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECq= OE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefr= ivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6= rm21OOskNHffu9K8nKiKlU-2F1yrSfiCRvQlrT7VvnhiKLrT-2BaAG8lJrpQexxS2QsCq-2BM7X= xqpcAgHfvSQfSuj7edSV3LECa9bcQAv9x20C6jonzyfOVoU1bOUU4M8BYaQrQjKaRcdm1TTEr-2= BBspg5qKSkNJI6yCtS17gZivq47WyeFXuuwoaD2pFPRPmd0qaJ-2Fttw6IAvPHglVYYLldEseC3= v48KqIp1A6d9K2pVTN9B-2F-2BvFTQKiQMMAWbjGyWe-2ByKTEPXR3fZQUeKfCCc2BH3xp2upuW= loUzy-2F4z7AoMX2wGV9a7O3F9Rl5-2F" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">Polus Capital Management</a></b> closed its Europe-focused sp= ecial situations fund on =E2=82=AC890 million, The Wall Street Journal repo= rted.<br><br> Amsterdam-based <b><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY9MG3nKLD4SiWCb-2B0D9SPAZw-3D-3D_qkF_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9= sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi= -2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JTh= CCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu5etx8eQde= o-2BtV6s8ZOf4o12Og09XTXD2aSC4u8amfHMzCSj4ZXgbTiCLrpLc1e2xPQNGLP0QiWApJdq9Er= wJTwvzOmAm9Y7l0fQHSOSv1zuEqoUiOMsSfJ0zng4-2BjhVnT2mspZ8Bg3icIZzfR5O11x0fdyr= ZYdT9VduVJTFSY53V2m04OtMyGYuSd1mGF0LzOWpLHwzTF9Y87yYtyWWGq-2BmGpaS6XTxK3XIe= -2BRarNDtniCxEKDD3sgAPSAo3Sr53U3ZAZmpjiKXkm4UJKN7D3UKbBBDEBgWQ2u8-2F3dSD1nS= " style=3D"color: #1D5080;" test=3D"" universal=3D"true">Nyver Capital Part= ners</a></b> closed its debut PE fund on a hard cap of =E2=82=AC335 million= .</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Investors</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY9PrmUV4lIFQWKnbPkK= vZu6A-3D-3DY5u-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE= 3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefriv= BFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm= 21OOskNHffu0SdhX39hJX9WGqXeD74owLNQysS3IqKO2bibPuFalAiNkLITt8XcD9NFq7Ti-2Bp= 9fouKTOXZZoFNlSoJFOzdBI4WeudhnR2yvq2uD4OqF-2BewZQJYwSRmUk98WaA-2FdaF0pr6S17= MEjVVpQhoANWPLOalKKk39BmF8cjru-2FAoUUNvY3fqc-2Bz8nnNQUIjH8QySpbcWt6nv4Twuh-= 2F2hS4lcZ6qu7cQkeIgfmvVHukvK-2FJ1QmW7TsOVNjpX-2F2iar1lPVdxavwP9rQFjGUYmtDFX= QM2n3-2FPiUbPbCv3h3JztqZpdl6" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Vista Equity Partners</a></b> plans to significantly reduce its w= orkforce by utilizing AI to replace certain operational roles.</td> </tr> 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