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opening means for IPOs, AI's impact on drug discovery, and our interactive =
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
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dth: 100%;">
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_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%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Kim Kardashian's shapewear bra=
nd Skims to go all in on brick-and-mortar </span></td>
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                           </tbody>
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                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <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=
>
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cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
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ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH51mDgxV1=
G8czCbBobyOwnyA-3D-3Dxjhe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdz=
bCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUY=
KINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj08=
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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>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">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>
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
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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"=
>&nbsp;</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&amp;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&amp;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>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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dth: 100%;">
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                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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 ">
                           <tbody>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=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>
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                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                  </table></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" 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%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> 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"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">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;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwizcuzdGfdTbEpOcLisdLGA-3D-3DY=
NEe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3y=
JNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrq=
J8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUnt=
V2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu7=
sLiHUTNp1Z8D23WgT03UjQlp3sFYn0pg5jG0-2FHchAzgBmyoOPqoDb4-2BPC-2F8NlnkpeVhsr=
-2FJBrWR-2FArO-2FXlaTmVEr3TjrZP2Ou-2Bl4oT5kMgVijppr8EjmMehN9hkAVg1l3r8QXVHJ=
OZQwO3Cw1ZJ9uWXgBpX9SOP65sHMkFiHp1gVnJSytKFUthXq49sT0cpNITxTo0gHcAOR7cKOAa2=
mpmfclZfscmFxiB72DwKl1vQR-2B9VJ51HZLbyXjvzoo-2BgqccRzCmaHXhU3DBCptPx7T-2B2X=
a8oOP6V7P73-2Fdv2gn-2F"><img width=3D"460" src=3D"https://img.pitchbook.com=
/ads/ad4363/460x120_pitchbook-banner-ad_nov25.jpg" alt=3D"Ads" style=3D"pad=
ding: 0px; margin: 0px; border: 0px; display: block;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 24%=
; min-width: 24%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              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;">  <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;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_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&nbsp;</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&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-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=
8GftFjZ1feM02Fl7e8ASdaraHgcxEpREjsG93Xt7M2WRC3rl81qpZpfm-2BJnvU4r0e5nG-2B-2=
BLZ-2Fv04TqJTjwhYuX8OHu2vt6mBxfhCzSWG-2BWPd-2BeEL2deUThN5z7FWmXh8tAtume-2F4=
un2X0" style=3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Ben=
chmarks</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-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=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1=
st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv=
5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMI=
Zf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuwz0wnAqlPN8jQecB4c5P6prktnOB7F3H56Q=
7MJ01f70rUH0gfJ0S4D3uCMo5cWKvmKC6ZNqirSRWujTff9e2OIaedgG7XRTbdLGITIW3aW-2Ft=
UGGQ2VvRccpJKo8UVFm0deRth8k1Jqn2kyItBMAPFIzqoFBou-2Fr7c-2FqRePCKYi-2F8DwqqF=
KXKGsjRvUUYJpgeniCW23cVPyWngdxs3LNBqLQEIx4pHOUsJ3zfxXYh-2FLcFz0t4J9GoUvZ1Fz=
12hz2kz023lI-2B9RkGfQIi-2BTqX3xsYa8WSAEV8Az8N-2FHZf3hsK" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">VXI Capital</a>.<br><br><b><a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMaE4MKvMfEX22iQ0-2Fk-2=
FjOlA-3D-3DTRs6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE=
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=
cECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINX=
nefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n=
-2B6rm21OOskNHffu2dN4bTpDFw-2FyYA-2F4ikvB3p4csgz4pdaeOJioytxEgB-2B63X-2BVpC=
UY5Fl7S-2BuxC3pGrXLO9nlkzalSE6OWNbb5BDwecSTTujMdvtLJcPJU2XPvh2rG8enYQgvyz5z=
cqBDllC1I6DXkXCn85C9hEK0MAYdiU-2F5uxJ0okZRgTpXlF-2BlOBpyZwNEAVHl-2Fxp1oNUBg=
aC6UQY1q843qaXYGnOR0YIcu6Cgjxzo9UaRmHtfVWYd8MGQ-2FuXKD7qXTFr6wdz-2Bp9wmsXBY=
3g80LBsKYdfE7Qpe2lbUOvtQsEa-2BENHMkzdD" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Indivi</a></b>, a Swiss biotech startup developing drug=
s treating Alzheimer=E2=80=99s disease, raised 15 million Swiss francs (aro=
und $18.7 million) in a round led by <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zWeWxcvS0lsa5wJFQgGeIroJLor8L3KQIi0xd0Tz5uxFg-3D-3Dp6Nd_I3w5d9c01gkD8gLzFEo=
fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4=
lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wS=
oj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq=
-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuwN7UA8iWIL6hN-2FBY4AdY8V=
fjNPSflBCbaw01tmhHzMWSqFI576fkJGUhMdAskLK1MBqTe0siOoPrcaT-2BCk7GcR4PWl174JW=
lzoLsSGtsnBxdRSgRaRcENUNuSTjanbiJNbu8ECrBCDCsOElxGdeWHl6Q-2B8hd3omRY6yJSoQ-=
2Fx6IxN4CBFOqZLNbdWkJnQajI-2F7BSHI0ocNf-2F1USnSWfrpm8D43FPUj0vLzM7ze9b6fZL4=
SWnxkF0ii-2F0uSFYC6n-2FaCcMo3Xo-2BoW-2FuYUL20KrP39YiA1GZXk6jMp7XoUbMSo" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">Ava Investors</a>.<br><=
br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroIi9EfSe-=
2BgA-2FO4-2FG7kLSK6Q-3D-3DSe3n_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7i=
uaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZE=
dgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAn=
Prj089r6n-2B6rm21OOskNHffuxdY0ouNIJnyDRY9oqFlIgRT22vfwMTpjb7IBbyqBBYLe6V-2F=
LKgdI-2FTVyuTmkSGF5iseU9SRKdEz4BfZUPxtge9gW6440IJCPqLDM9DxBFqUn7DIqWsvLKfOE=
06cA0g9ZIkygBIaOgxnj7xltvfKy8O77DHvs-2FskH-2F7CxRkqzwt6fCczB8o-2B-2BAjh7zK7=
Mh7ro-2BJt3BhbkBFFKpvKJ-2F7RRiQaxEZ-2FMs1FU5r1WVkZrAUaoOR58SvSDxXXwbIbZKrNT=
xuJLVY72RkE3DzFMTGkTtxwJvxFgK7SL2dSGM9ukXLI" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">HRS Navigation</a></b>, an Indian surgical navigat=
ion tech startup, secured $5 million in a pre-Series A.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_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>
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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                              <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>
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <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=
frivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2=
B6rm21OOskNHffu851JvNHFYSBVHFGv37GwqNqTZTm3oGRAyoBhCCTZzecVKmbF2OgkYVXXkPq7=
aYBw1TiuJnXNks788D71rcUBvN72lWT1WK-2BZ9ve0Bu2Oot9N6JqeDcGP9Ma0u11nHvZajXldG=
WtCS7T4h2MsOXgZ6D3fbl-2BpVQ8vEAQHq39sF3HlAq-2BcX5ECmJc66ZJwkaXKctDWxiMb5VmC=
k9FaUFZFDGGpoPG9K5tSOqXsYo7Fnuwn0gmx3wJ98GIv-2FUfQVqOM08YnPc8pMVJEPiihVC7uz=
DTDkzfPCwlN8n9-2Fsy89qo2"> <img align=3D"middle" alt=3D"" src=3D"https://im=
g.pitchbook.com/news/71336.png" style=3D"border: none; max-width: 420px;"> =
 </a></td>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                              </tbody>
                              </table></td>
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                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <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">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">&nbsp;</td>
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                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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                   </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=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lP=
rhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj=
9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2=
B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuzSHJL-2Byhj-2Ba-2BpR69rDSN=
Cn1XropKkXUWe2xi6qIKGvgo2hKL8imlJF4qBYHUSZE-2B4oyXL1aHEzr8hG8buBSTmF76np5st=
Ls-2BQxOK-2Bhd66-2F9M7wF8sypTbXFZxA842JtWtKdBiG5xNP-2FiuluhboRTSkMyyQtk-2BA=
H2syNDYgwglvHVFw7hQbfhIjephhBZZ1SBOhrpnOTcYDfZ3KqTlaDS1iCswoApplzyQyxkFChM1=
KyzW-2B-2FAbGWRwojHpR7AuS63n30uoYNVsjzkUdsOpMwkKZP3Sn32ExBpgSHwQSD0aXU" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">FieldStone Capital</a> =
invested in Houston-based energy company <b><a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzW9cjhFMrrdwgfGFPtTgOHwg6fvz7h87EOSdx31EMnfBA-3D-3DL3fJ_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4=
xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-=
2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2F=
L5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffuzQ9fP3NZKtyjof9to=
E8pX687vpSiTWdB56Pxr9q6Gn7Kknuz-2BzZFAThsRsyzp89HQpXe9ATfpL07TQmbTnrhz4T9eO=
W-2BIElWVnmjF8H0y-2BZZFfBg0ABpzfOabgbTkW1jhlyKKD1G4tOyGGHAEJDIYUFflEjqERqtF=
YM-2B8GeG4kc7PapqszdLsAjbD4vSv6gSOGuR6p3hl6fIwr96I07gyZ-2Br5B40Jxi8tneYwjbI=
94BaUg4-2BGZuH2MWKkPjz8qE4tFPkOPf6mIF8UpQIuT2XtaI4fMdM5oVvBiJWmxan4Tu" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Red Post Energy</a></b>.=
</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHw9ePJRtcjvOSNC6i37zP3=
pg-3D-3DBJd5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sG=
DwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFy=
JgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21O=
OskNHffu7tf9Y64T64FFqa26x9FRzicVV1Yj-2BoqJlzb8g6vHI5zui2MOoo5Gn7-2B5u9b-2BJ=
ZejyotuHfSqnraPr76kzzJWmB8S3Stt-2FLLM-2FIXzpYhVOGhGCZtj82QH7MI-2FiWxPqtzEn5=
wHKgn7IXNJLMwotqaZuprjwSRJIwWF6Y3oC0WtCBXWO2hAQynLFrAU9u5T7GGgZIT33sl7yhda4=
W1Bc3lskLwuTngCXS-2BBml2sbR-2BpOnlzOlrE2xvxJSsvNyRexuSFB4O3TJy6DrZ-2B1qYMeN=
WbeoRwcG8KOb-2Bu7cGCJITEDnz" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Pollen Street Capital</a> is preparing a potential IPO of <b><a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwlGRQBgx4UKAZDSYGES=
olcg-3D-3DN0TK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3=
sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivB=
FyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm2=
1OOskNHffu7XeJClubpWsBt1IxXxWZuQZINQYEp0KxVkXM-2BwiulQTDFynnqU0dDJAMBi-2Frg=
KMuOAKp-2BXWc1xOmOvh27BztRgIKZa9nARVGnyL7CDQormjzQ3Oa-2BXKbGrFx9QZvGuqFo2-2=
BeMHzYZ8q3CrEcueKub-2FaJfL-2BzDt4EpxvTs4cVTFhn9eSfFVugH8vgKKwmEdNC3KbJLngpW=
Iy25bW0k16SExPPYyehcP-2FV1KPMrSVWLeI4G7E16Tu0JSgPExPz8xlPLPHb0UGu-2BqoskrYa=
lrS4Oa6n1wneZ8il5uq7SH2hGhT" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Markerstudy</a></b>, which could value the UK insurance services =
provider at over =C2=A33 billion, Bloomberg reported.<br><br>
                               Sweden-based <b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzUY4ndXADEV3YiOXe9xSN9d3oX8oqFFDNmLFF39ABG-2Btg-3D-3Dubbb_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd=
5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2B=
Bn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCU=
tB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu2aulinoFTub0=
5X0gKVhxJ-2FiqxONV19h2iZevmoXwqhUG4hSs6pEJEGRy5cD9kjydFGtDI-2BB5IIhXuX9uqAG=
yyuBfPqxo3sKxSkoi5wriLVF6IoQHZmjzVTgmsZUAVPGJNlSwFafcSbqQk4slQ8dfqo3TTQ4w13=
uGv6MKAxiQEZ2saSI0RtddVCAk-2FsNXMF4MfPLAMY-2BFOe4ygJkVb3CvjtCOZvRnhLBhdDCmt=
j-2FmKHT2A20eRFI692DtQ-2FuJwsq16gisLIkBW0UY2eWJY9g6viqgEm3pCw-2BulYQJf6fA7W=
-2B" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Einride</a></b>=
, an autonomous truck startup backed by <a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzWeWxcvS0lsa5wJFQgGeIroWX6UpWKaiPRU6sZ05hEfAg-3D-3D-C9v_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQW=
qq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg=
2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2=
Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu3T3suIXbUz12eZuK9YFpR=
TKy4ECTyjJhllhee2a1KErKr-2Bc5V7SHfpFiaLDHSVVI88vYikUSauom1WMAZqOOJ5H7u-2Fmn=
GjiS0-2FVYF-2FL2SWOEMnkkRckfne066NzJBpn8kBg3021Wjfuz3x4kHjaGoj82YVYfefIOiWP=
nkZ9yXebrnHOuwxoN8XBhBBCOBUzH0ivo5-2B1NbH3SAEiJix6KiRDKUnAR5-2FtfuV5roFG247=
IWiN-2Bf-2F6v5ghQM2Pv-2Bk1RX7mUCoVFd29u0eECrZExeFk9Zx97hqYer6D22WxRRorY" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">EQT Ventures</a>, went=
 public via SPAC <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xS=
N9dBOEZhtNWLxIFdNiSODePJg-3D-3Dlc7t_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs=
6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHw=
IqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQr=
wWQAnPrj089r6n-2B6rm21OOskNHffu9uoiwqgoxP9BSowDlPpgqBfrE23Qi-2B9FCRpsZl-2FD=
w86zcEc3iA4TQ7N9IyYF0iH-2BoCgetM5OugSiTF4bz3EOKhmofr9k61Bm521T3mKayrXm0JJ19=
OjkIkx3Wem2rgAZ46lWyI118re-2F27HE-2FLCG64jzxUJ7sZHNOcy3PcxUy0SXKpcmJhEAlRzO=
nJalNhqD1g7BxGafRbNGIli991EJUoE5YCsfUJO8mzdQffe7Cucu1tybGswv7uvVoUxgRE8icOL=
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=
8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGD=
wX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyUYKINXnefrivBFyJ=
gnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OO=
skNHffu3sEf-2B-2FzPR-2FHYpxsMCbPwROWO5UBEj9gUEeIhGl9HB6508iebitQDQoOsrfPmuh=
HICWjE6-2B5IHyeueOMwqLEh8YobBNNXbtnw32-2FpsvM6OkqXGVpAwxdsdCwZUOciP0I-2F36V=
X4nNvixAv0E7CflLNR7cvBPjm94N0GTvDhjj8oVRgwcOchjLmUcSCfLY4B8PUmFt4e5WJNMkjSu=
yu68uwtRnfL3z-2FeBdGaXPdtPgtZtclO9dqcPjVvKDvRTkYe3GHjCM-2FQAkYWKURPweub8-2F=
jCEJ-2BO0hwtf5JBiM3J-2Fbws9N" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Whoop</a></b>, which is backed by <a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzUY4ndXADEV3YiOXe9xSN9dvnJVepfGLxrjNBeNmTgoLA-3D-3DJZUi_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4=
xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-=
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=
CUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj089r6n-2B6rm21OOskNHffu0IyJwkHD6n=
QBJzkLZQmolxi0XCXObGVrewVS00xYggehjkum6s1vHPeaanrhwWUPBVrMbkqaQc6vvJHSKA1wA=
51NKieM8PO8tM2AlZdO3N3QGIAxZBW6-2Bx5vYSlSQorNd9DuLi6L7Bcwc-2B7704qYCDs-2BOg=
S6ktxdNsFJqvzxEurpjpC88qa9AKliQ-2FacW1ZLVF6hRskvgkb5j8vB-2BQdaTcv4cfY2Ino0G=
-2BW6vmgKWkkKWsulm0vJi8U2mN898x00ydLWMCQUu1qrwwqkWYNPy-2B7QwffpGMV8N3dpcle-=
2B-2Btt" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Galaxy Vent=
ures</a>-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7=
HKiY92-2Fde8dl1JsEsgpJdmscdOw-3D-3DafbW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Of=
k7Bs6oB7iuaxdzbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs=
0FHwIqYZEdgyUYKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5Rg=
FVQrwWQAnPrj089r6n-2B6rm21OOskNHffux0amkvgqQPfaH7Z3Tmgv98cYb5FGpe-2BLOt3bEC=
WHHBRJ4mXuxDEveOXsJ-2BYNoCq4dv58EkUA5qAF5ZrY5sYSAWeWyoV6mzRQdS7HXlA3DUNkqJM=
0pGdB81mwckmJwyaAb9nqbANYrVoOpSB3eUuOurdpwA-2F-2BMF6oc5oH7Au2VRC9nIZ-2Bp2qr=
uKKQfKnmoDkvfy2yw-2BC4Tme514gXRM7aPY-2Bd1PGh-2BEccUILd-2Fky4G1ik5WlPgrtMCM1=
Hn5DZY92e8EKnjgGagx6sYv-2BjqHi0vwOQtezlRMFC4bie-2BnukCmp" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Uptop</a></b>, a startup developing a=
 purchase rewards platform, has been acquired by stablecoin infrastructure =
startup <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY93PSO1O=
xnCkBC1tCIBjdoUw-3D-3DlaXo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFn3yJNOohAu9sxd5X9I4xlQWqq4lPrhR3plnu1st5Ofk7Bs6oB7iuaxd=
zbCnKcECqOE3sGDwX-2FVrqJ8aD-2Fi-2BBn1s-2Bmg2wSoj9H5yRUpCv5NqIs0FHwIqYZEdgyU=
YKINXnefrivBFyJgnGXTUntV2pR1JThCCUtB-2FL5c2Gkq-2B3DtcFPMIZf5RgFVQrwWQAnPrj0=
89r6n-2B6rm21OOskNHffuy0QzJdtxEoftQvyP3X-2FkPdn4gv-2FPb8vwsf8xlj6t4oxjMDggu=
h01NHsAcVXvO0avSdTtOIhKOc6O55hIe3MfB8kX-2F9q87wDxOnfJPPjZLM686k5xFj-2FEBi3R=
9OleRqTYtXbh-2Brgqe0g5rj1xqPvONjZYLR1crTHEu29Cz-2BWXmTAeaqwqbm8DloExQgvtpKR=
KtwgYF3cm3gB3koYXhHk-2BGR2HvxAI4840Qx6Q46O13c0n7vZ9blIo6901cIJSqCoZw-2FgiYc=
aJ7m26UAEodbkdO3pN4Ig6qv5SODJIKzgkSJe" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Rain</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
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                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <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=
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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>
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                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
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                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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                   </tbody>
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>&nbsp;</td>
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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