Google
Edit File: 1774438024.M993696P1233218.server-619288.prediksijaya.com,S=199870,W=203420
Return-Path: <bounces+28456106-0cb8-most=ponjosonek.com@em9314.news.pitchbook.com> Delivered-To: angker@server-619288.prediksijaya.com Received: from server-619288.prediksijaya.com by server-619288.prediksijaya.com with LMTP id c2wSO4jGw2lC0RIAf7/9AQ (envelope-from <bounces+28456106-0cb8-most=ponjosonek.com@em9314.news.pitchbook.com>) for <angker@server-619288.prediksijaya.com>; Wed, 25 Mar 2026 18:27:04 +0700 Return-path: <bounces+28456106-0cb8-most=ponjosonek.com@em9314.news.pitchbook.com> Envelope-to: most@ponjosonek.com Delivery-date: Wed, 25 Mar 2026 18:27:04 +0700 Received: from o2.ptr812.pitchbook.com ([159.183.175.69]:36562) by server-619288.prediksijaya.com with esmtps (TLS1.3) tls TLS_AES_128_GCM_SHA256 (Exim 4.99.1) (envelope-from <bounces+28456106-0cb8-most=ponjosonek.com@em9314.news.pitchbook.com>) id 1w5MO7-00000005Am4-47jE for most@ponjosonek.com; Wed, 25 Mar 2026 18:27:04 +0700 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=news.pitchbook.com; h=content-transfer-encoding:content-type:date:from:mime-version:subject: list-unsubscribe:to:cc:content-type:date:from:subject:to; s=s1; t=1774437941; bh=GxabhTaEVxySLUucfii0nod+BDZ+M253JdbyrXAQp4k=; b=DN94HRYxa9suOE3Da65bqkNukMHT5Oy0r023SSJxgPuloJEpztndIlwCWUnyamIax0Mc uy1UkTtc2yXyagyu63Tt9pA6wTGXAmObnUpiU8Ql67oVtnrnRlG2/NTeVedyJldvLRFMtN ynQ2QofHzq5uydlYpNXK6POOtr8iwXlHt8EjHrPtW7iHxS1PLqW8x5XrquWVsFeEwel0n8 dty+C03cxN5lX6EiegRMBCLpeK9ZPcCHU+NMsd67kXT6YqSHnQT5C5qSRTBiBN6VmHsPmS hpP2sa/uyoai3r58HJVOfFKxu6ojE515Yhjd7XiyLC5R6DUW68bdlf+fcSDtauTQ== Received: by recvd-69ddb4c548-qnbc7 with SMTP id recvd-69ddb4c548-qnbc7-1-69C3C632-35 2026-03-25 11:25:38.497237946 +0000 UTC m=+1354208.034365215 Received: from Mjg0NTYxMDY (unknown) by geopod-ismtpd-6 (SG) with HTTP id ogagPNIGQq6tjVq-OLStWA Wed, 25 Mar 2026 11:25:38.460 +0000 (UTC) Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Date: Wed, 25 Mar 2026 11:25:41 +0000 (UTC) From: PitchBook News <news-noreply@news.pitchbook.com> Mime-Version: 1.0 Message-ID: <ogagPNIGQq6tjVq-OLStWA@geopod-ismtpd-6> Subject: How to deploy $100B List-Unsubscribe: =?us-ascii?Q?=3Chttps=3A=2F=2Fcontent=2Epitchbook=2Ecom=2Fnewsletter=2Funsubscribe=3Feid=3DABLZ?= =?us-ascii?Q?54MOPJL5Q&em=3DTPK2HUIWWCWW6MTTUSIG7EYYZN?= =?us-ascii?Q?B5PPXINB6DV2Q&ent=3DEJKJ2TTFOWZ2C=3E?= X-SG-EID: =?us-ascii?Q?u001=2EwjHNPkoEd0tti6dH8mhCZa5d7rLdiAsxLgSYARk73rxHPd3Aqlcm2Tnrv?= =?us-ascii?Q?pNBcRMFNFcwVOs7OA=2FjzaFr76g=2Fiix+0UA=2FUAHs?= =?us-ascii?Q?BoKDolGvuzhEE0NyqCHrjjy+godJKida1=2FFHGm7?= =?us-ascii?Q?yGASfXZpvHWJxErptLFVDFXslaHM4exdTenTUGD?= =?us-ascii?Q?8n6ENUGhz8XOWZjlARJCDJYymXlWUuaJyqn5GvR?= =?us-ascii?Q?Rs7KDCfgxFT7iXSJp9JT6Q=2FK7PO5c7Jbbtnp0uD?= =?us-ascii?Q?9nHr?= X-SG-ID: =?us-ascii?Q?u001=2ESdBcvi+Evd=2FbQef8eZF3Br+BiVHMa6y=2FD0OxHyDTyeHBn4HmQMpF4Qb03?= =?us-ascii?Q?VKy+NsOif6qx82VoLgh59RtJ66WHiqUyA4Xrq5Y?= =?us-ascii?Q?WXO6JSqtbp12WrdaAkLnh28Jt8Jxmnok1sLKF0u?= =?us-ascii?Q?zLWj37o7s=2FF7gKGBLDujv4P++JPDzcXO5gzsKtD?= =?us-ascii?Q?FPZeRxrmV7FGkYNqqmoByYzsWrCLxqde6iMsIpo?= =?us-ascii?Q?VJWSWpgl19JN4WKy4Eeh4tIy0MmsI5lttMVHobx?= =?us-ascii?Q?4nIRuN2BAi8maBRhmlFIfYu4H1qxei5AXHjTj1b?= =?us-ascii?Q?IPFazbyuLYhY88a+o+AzGD5jT8Z1FG9YHyndgjd?= =?us-ascii?Q?hhAyxQbBMhBj0T0zQjNG5GoswkL81EZ1k=3D?= To: most@ponjosonek.com X-Entity-ID: u001.YFoIgyol8PWrw0qKNaJxbQ== X-Spam-Status: No, score=0.5 X-Spam-Score: 5 X-Spam-Bar: / X-Ham-Report: Spam detection software, running on the system "server-619288.prediksijaya.com", has NOT identified this incoming email as spam. The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters When access to VC becomes a liability; can private market talent evolve?; 50+ charts on US venture's uneven recovery March 25, 2026 | Read online | Manage your subscription The Daily Pitch PE, VC and [...] Content analysis details: (0.5 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 2.5 RCVD_IN_MSPIKE_L3 RBL: Low reputation (-3) [159.183.175.69 listed in bl.mailspike.net] -2.5 RCVD_IN_HOSTKARMA_W RBL: Sender listed in HOSTKARMA-WHITE [159.183.175.69 listed in hostkarma.junkemailfilter.com] 0.0 RCVD_IN_VALIDITY_RPBL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in bl.score.senderscore.com] 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URI: pitchbook.com] 0.0 RCVD_IN_VALIDITY_CERTIFIED_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in sa-trusted.bondedsender.org] 0.0 RCVD_IN_VALIDITY_SAFE_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in sa-accredit.habeas.com] -0.0 SPF_PASS SPF: sender matches SPF record -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature 0.0 RCVD_IN_MSPIKE_BL Mailspike blocklisted 0.0 HTML_MESSAGE BODY: HTML included in message 0.1 MIME_HTML_ONLY BODY: Message only has text/html MIME parts 0.5 KAM_REALLYHUGEIMGSRC RAW: Spam with image tags with ridiculously huge http urls 0.0 LOTS_OF_MONEY Huge... sums of money X-Spam-Flag: NO <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www= .w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso= ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office"> <head> <meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Dutf-8"> <meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge"> <meta name=3D"viewport" content=3D"width=3Ddevice-width, initial-scale=3D= 1.0"> <meta name=3D"x-apple-disable-message-reformatting"><!--[if gte mso 9]><x= ml> <o:OfficeDocumentSettings> <o:AllowPNG/> <o:PixelsPerInch>96</o:PixelsPerInch> </o:OfficeDocumentSettings> </xml><![endif]--> <title>PitchBook Newsletters</title><!--[if (gte mso 9)|(IE)]> <style type=3D"text/css"> table { border-collapse: collapse; } body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> When a= ccess to VC becomes a liability; can private market talent evolve?; 50+ cha= rts on US venture's uneven recovery </span></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">March 25, 2026 &n= bsp; | <a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVQUFUolsw-2= F03DgZ7w-2FJCmESOAzEQOCinEChNQX-2F-2FHOxQ-3D-3DSBCa_I3w5d9c01gkD8gLzFEofZR-= 2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZR= JgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZ= Zsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQR= xs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHhUK796-2FOZQ-2FbKfvjJgNjER= hJYMdatMModQheQ09VeNvNG7l1yNt-2FRZwD-2FBhBbTulk5u7e5fHqBGxYLkQkUDlp9XvRelhD= D7Y5RHWf6ijtTgpwgHTEYhRPMpmAuHH8JYX0z-2FqhqQ8EelWO33ePBylf94gVTPWeUUXzxtewN= v1HRA8Xn-2Fh2-2BV8TezYU3udGf-2BK-2BCYN6e4Pa4ej9GLgfwA6KJBMLwzazpm37x23O58CM= ZoBwPNJ4bXW6isgAwchVnelVvTcA74-2BLrygkdxY50-2Fxqo-3D" target=3D"_blank" sty= le=3D"text-decoration: underline; color: #1D5080">Read online</a> &nb= sp;| <a href=3D"https://url6380.news.pitchbook.com/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70= mtuFtQh5JMynEp-2F-2B0ZsygXiW0dASWMAkXrIC3kg-2BeC0SuDoyGjKHmOSdfo63E0RLyaXhm= tZcu9qypgyxWwak1NhA0coLyWLpIGucErQpvbIjaXQ-3DEnsk_I3w5d9c01gkD8gLzFEofZR-2B= h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJg= sWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZs= nj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs= 3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHplqwrzYJznSRx-2B5f5oxgusWcSo= e4cFsljxuRRxq78gjz4WFu-2FprV0Qv1DYMCS4MZw-2FLU7AS7zMnlLBsxs5i8SxCIXZtr8uSKq= oD7yIVW0tft7Zo0QcSsLj5qfrC4VKKe-2FoSEbcY3WEEVB5W9aHTET6VY1Z4oDnQIeZdaJZLoMJ= al7saJgOthkuhOgJklbDFqWYW2-2FZP4AbkamUXmLbkVsc3LQWhkA-2FjEMjbHRjpXMscLpaaVy= jBMjAyguj2JpNNR59R17GOKBCOAWGHfBqe-2FUk-3D" target=3D"_blank" style=3D"text= -decoration: underline; color: #1D5080">Manage your subscription</a></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td style=3D"padding-bottom: 14px; text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVQUFUolsw-2F03DgZ7w-2FJCmEVVibHtJdlI8SA04QEWxS= cw-3D-3DukT3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwg= Lv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrV= qMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW= -2F7U2T8AHgWcCmATaHO63R2mCsIpz4jnj0qVs5ok-2BjSogPolbGfxW2o7Gn-2B-2F-2B-2BWb= B4-2BX-2B3rX9wyYo94TyOeCjskVQx2g-2BpZ4iqBmPxMhPjEKaJJhSrw0NCk-2Bpn2i2IfkKNW= APnItPb7XuT-2Fu7Z8kuIjqoFhym2gouZ2grs8FBM73u5XhLjFqv5HvxSZgrEenKQNHydel8WVp= aigEuUrnfx-2FV0sdcYdb1WlaiHK8bXgWvY0kGkkkYUTNdEr-2FyIM-2F9U9m8a8n2rS5fCEP5C= k7b73hQ8a5xKzs-3D" target=3D"_blank"> <img width=3D'1' height=3D'1' opacity= : 0; style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pi= tchbook.com/ms/pixel?userId=3D3DABLZ54MOPJL5Q&eventSource=3D3DZQDXJQ6VUBAEC= QE7XY5D5PSLQI&emailId=3D3DIRPPCIR7E6HQ6&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL= 245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EPI6EY= RHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.news.pitchbook= .com/wf/open?upn=3Du001.4Qe7VL981gyAPMxYoCz8CBKmv7adpoGoGfpUfNDzw-2FIUFPDY6= owZNjRg8mspgm8jZiP5o-2F34lDTskmRcGEcT9V12Y-2FD5-2FUnRMDvHlaFXZQ6gwAZOnH-2Fn= vqgS02Z3cj998XafdOYP6Fk-2FYtwyln9RLrb0lq-2B-2Fj-2FNpwpmNFUZyOEBoSBaivjR7DNY= StxIHm9xklZJjL5ttAwrrTnU5Ti2NL2x0xgLtLJIOMrD-2FdnVsi79BJ1SvL-2F4SM1MLpzfTcU= ejobKiIVwfm5dTHk9MrruaNWCQdjzxDiAd7YHxMh9x61vMuT1qQiboS8OW65wNkhSYpimMG9euo= rxWY812aQkmkGEd7BYdtCZU5gKbFpP4oLtIySwqGBh2MI80AhPnrep9kWrYSoc9uvk7cFXA7NG1= sXoKfwrUKxFwgv3EDEzI7cfP0czG5yvINsFxfekP5rUKbzZPpzTnzQIvXzS2f-2BDeeXcrCkVwe= -2BciIpZeVeXt5zHb525vdO76fOxZxahl-2BPeEjGAae5lN8rJH32FfCjm-2BACwrd0YwAumOSu= 2-2BOE5YkPw-3D" alt=3D"" width=3D"1" height=3D"1" border=3D"0" style=3D"hei= ght:1px !important;width:1px !important;border-width:0 !important;margin-to= p:0 !important;margin-bottom:0 !important;margin-right:0 !important;margin-= left:0 !important;padding-top:0 !important;padding-bottom:0 !important;padd= ing-right:0 !important;padding-left:0 !important;"/><img width=3D"141" heig= ht=3D"39" src=3D"https://fonts.pitchbook.com/newsletter/pitchbook_morningst= ar_logo.png" alt=3D"PitchBook"> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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-2BaqM7ONnvsnswouzVQUFUolsw-2F03DgZ7w-2FJCmEkpcli2qRHpvT-2BlDNtH9P-2FQ-= 3D-3DfJZz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8= -2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMI= lmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F= 7U2T8AHgP8gGtF9yrTek1Vk9mdAdXGrUuPXUa3-2B8Ab-2FRMbW9ZXbK0hpya2rr4Q-2FoQYpXf= F3h2nBY10mguHUFgPb0IEpVJTwyQKcAbWJQZ389LR6qAIk1pbVY1Y9Am0Urx3ZSTWrWJz2NO9zv= apurqGdYdIEsUa0yfFZi1o9Fpsak5m2vX0pJMbDailIJMOZ1DItHbmmGblb7a8jQUyxOdG46LbY= UXxrG-2FjHekLpk5VD-2BcGsO6wnqkUgbegE7-2FuOUVsHYvE2kL0Ul-2FkZn1GixN4-2F4VOD4= o-3D"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4515/Svbven= turedebt.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; = display: block; width: 100%; height: auto;"></a></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">=F0=9F= =A5=A7 <b>Everyone wants a slice of the OpenAI pie.</b> MGX, Coatue and Thr= ive Capital are the latest to jump in on the company's now $120 billion fun= ding round, Bloomberg reported. See where these investors and OpenAI fit in= the bigger picture in our new <b><a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVQ= UFUolsw-2F03DgZ7w-2FJCmE2CC7y9x7hJ7gPu-2FSY4onFw-3D-3DGreV_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-= 2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0B= RonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN= 8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHlWNr4H8vEkChGnA-2BJ= qTGOLsiGvik7XNx1lAqe-2Fl46QWvTN0IsvGW8M2nkKETT7BEbLdD4JrrpnlkLkufg674iKVmeH= -2BsSvsWjLtZ-2BA3y-2BtbIhoXy7McrvjVHTJ-2Fi1XevElyekii6q-2BuxioTZm-2BOAE51-2= B9wYMlo-2F4AxfHOozHl8nHht-2BaPYFpA-2FbCdQte88x70h03sEIlpVczV786-2BJ01jwIF7n= xK-2FaOSoklNV1qtwqgkdJguS7ok7NcS3bVkKAOfOU8rVc1yeZUrbGLBNtwbgM-3D" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">AI market map</a></b>.<br><b= r> =E2=80=A2 Was this newsletter forwarded to y= ou? <b><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVQUFUolsw-2F03DgZ7w-2FJCmETf0RYyd= tDH0vUhukXEYbsw-3D-3DoHom_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Zo= zgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4= c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumo= ZHXbaf38uOuZW-2F7U2T8AHiTx7hB3iNz6madlL-2F7psXzcJOyOo6iUTWEF2pFDaCTgLAkbl3H= LZd6nIn9Z-2Fv4pIVIIdupTbBnxRzti3TeMVg2oqr-2BqKSiYyz-2BN5NTGHhjUzrNyJZ96C-2F= OgchR6gbvO5VMkNlnL0yOcJxIXFDJw2Bu8v3lIQ85-2BCEVD-2FOxaacnt-2FBiGS19fiXemDyU= T-2BkkEI7-2BXupfXBDB7pwPPGiH9879ha1TgUfkWEzUT5V5uob3VHKwTYQAWGTb8p4ZFgu-2FU= PrlnIqKsOQ-2F-2FnNYLbliTlzg-3D" style=3D"color: #1D5080;" test=3D"">Sign up= here</a></b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" 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_578996" id=3D"n_578996" 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 ultra mega-fund is back in= style=E2=80=94can it be deployed effectively? </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 = Michael Bodley and Rosie Bradbury, PitchBook News</i><br><br> The ultra mega-fund is having a moment in pr= ivate markets.<br><br> The Wall Street Journal reported last week t= hat Jeff Bezos is targeting as much as $100 billion for a new fund that wou= ld acquire manufacturing companies and employ AI to automate their operatio= ns.<br><br> Raising such a behemoth vehicle is one thing= , but deploying that capital without undercutting returns is quite another.= This is a reality that SoftBank, whose first two Vision Funds are the larg= est private funds ever raised, knows something about.<br><br> Vision Fund I held its first close in 2017, = with commitments totaling just under $100 billion.<br><br> While SoftBank has achieved some successes, = it has also experienced high-profile failures, including booking a loss of = more than $14 billion due to the bankruptcy of shared office space provider= WeWork. The Vision Fund series posted a $32 billion loss in the 2023 fisca= l year, after the bankruptcy.<br><br> After posting an annual profit in 2020, Soft= Bank did not do so again until March 2025. Its second Vision Fund held a fi= nal close on $65.8 billion in December 2019, per PitchBook data, a huge amo= unt but around 33% down from its predecessor.<br><br> Nearly nine years after Vision Fund I launch= ed, it has returned just 0.61x investors' initial commitments, according to= PitchBook data.<br><br> Signing onto large mega-funds comes with its= own set of risks: the potential for infighting within a larger general par= tnership, a heightened need for category-defining exits and a tendency to o= verpay on deals.<br><br> If a mega-fund fails to cinch huge winners, = a few big losses can have a particularly damaging effect on its overall ret= urns, according to Steven Buibish, PitchBook's director of US private equit= y research.</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-2BaqM7ONnvsnswouzVQUFUolsw-2F03DgZ7w-2FJCmEd8Suw= 9mGwSKQgpoOhpQ4qA-3D-3DAftb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6= ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrV= g4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLu= moZHXbaf38uOuZW-2F7U2T8AHsOL-2BRq8ejbOyYZkcsZRfw0xkC463fHz48JMrBQe9wmMn4a67= QvF0A6UCezBUd4RVmmpwLm-2FWmMjSLDQIyqufxcdYzS-2FR0pqs5nI597wxdN3xuGu8VOyN1xr= tk444wFw-2FGgwk-2BOCRrpL-2F7pWBsCA4adMv3AJYRB0nfKjcNzPdsse8w7Ahr-2BeKH0IHXV= PcnvtL2vJaNsu-2Brv9wn32Gfj7FSw5CUJrh1-2F35g2T9AJspQkhau1iV79D2Rq7-2BitV21dI= KdVDLJF2gKoXZX3l7KOU-2B3k-3D" universal=3D"true"> <img align=3D"center" alt= =3D"" src=3D"https://img.pitchbook.com/news/73438.png" style=3D"border: non= e; width: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Such l= osses could be especially acute given the rapid and unpredictable developme= nt of AI.<br><br> "There are a lot of AI-backed companies, but= there's more capital than there is realized returns, and it is an unanswer= ed question for [ultra mega-funds] in particular of where this is going," s= aid Michael Ewens, a Columbia Business School professor of finance.<br><br> Mega-funds have been backing a relatively sm= all number of unicorns with hundreds of millions or even billions of dollar= s at a time. There is, however, a risk that these companies will become ove= rcapitalized, as was the case with some companies added to SoftBank's portf= olio during the last tech boom.<br><br> "There is a tension in raising too much mone= y, because you become a victim of your own valuation," Ewens said.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVQUFUolsw-2F03DgZ7w-2FJCmEd8Suw9mGwSKQgpoOhpQ4qA-3D= -3D79md_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2= F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlm= O2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U= 2T8AHki4xP-2FLsa74eBxuus48bMQbajZEyJYJbK9Hl-2FsYYpkU0-2BMpJVCuRK4jbLSLGGixO= RZgQLRY6T8tRBP-2FoWujZgoetwGvvJ8hQ480U6axSrHpWXclr3p-2Bozw2JuKHlDXtsdupdr4d= 9xFoXCxLRsnmfNP1iGXC-2FLWPkON44RNOpZhllavEGk4Is1ArmV2nJ-2Bvy1M9OlwJspQAg5lz= iWgPUIusI2X-2BPzQdujGz3pnkJzajZIWY982JIbUkIyWOv15M4dZvZvKv85FHASaVN3iYD-2BO= Y-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; tex= t-decoration: none; color: black; padding-left: 3px" target=3D"_blank" univ= ersal=3D"true">Read more<img height=3D"24" src=3D"https://fonts.pitchbook.c= om/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-left= : 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVQUFUolsw-2F03= DgZ7w-2FJCmE-2Fk-2BIK10NLppCAkaIzAod-2FQ-3D-3DqLQA_I3w5d9c01gkD8gLzFEofZR-2= Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJ= gsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZ= snj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRx= s3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHn-2FSEDLOlrh8B-2Barg-2BsxdO= WzoVeynfCxRGi1guSQYhL4Mrjj9-2FVzHkmOf2UGwRTfRXhyImoncQuEYV-2BNRsgzZCY-2F1YM= 6pudGroG40xyDi3H4OOS2AEjbsnu1zRTp9c-2F7kK-2Buu7CU6LYU3ouU7wuHo2ckhF3FPknP3u= mfgPyuThcsObOVccWUIkxQpBsyPB81-2Bc8LUJBQXn0MuXsUYCcYPHHtuYpC9a7o9bDFMPEmTVW= JPiS0RoP9Mn61F5zG3tPpvhZSoj1VQd0R8Jzuji1K5TY-3D" style=3D"color: #1D5080;" = test=3D"" universal=3D"true">2025 Annual US PE Breakdown</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from E78 Partners</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_578618" id=3D"n_578618" 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;"> Middle-Market PE enters a disc= iplined growth phase </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVQUFUolsw-2F03DgZ7w-2FJCmEhSwdUnb5rJG= tpbUTI2i0ag-3D-3DeW_Z_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQz= d7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55b= rgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXb= af38uOuZW-2F7U2T8AHvy2JlxcDmlgYL1sZ3cH85UAOf3-2BKfG4-2FN7S7At1Jkugqpkwc49Ul= oR6uql2p5Fn1zbBF084k6TYvJHAeA6droLDHwxlpBqKG1Rl9t0npqCEjsxKi8q9iy-2Ba2KE3fq= LpnbQH2hjV3X5Gx4j0hNXvPXubp2lty0p3h2BH8AB59ee0CWgmrdtXUtGfmzlvg0jUPiquGm9vr= 7ed2T2VL-2BeDWf6SDoD4GDVY4VxyEabwN8qs-2BhIZPlODHbWKOv41QytXALuyz4wLPE9qsPY2= SLciPBc-3D"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.co= m/news/73231.png" style=3D"border: none; width: 100%; height: auto;"> </a>= </td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>The U.S. middle-market private equity= landscape is shifting from disruption to discipline. After a year marked b= y valuation recalibration, tighter underwriting, and improving financing co= nditions, sponsors are refocusing on operational execution, technology-enab= led value creation, and resilient platforms.<br><br> E78 Partners=E2=80=99 <a href=3D"https://url= 6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq= M7ONnvsnswouzVQUFUolsw-2F03DgZ7w-2FJCmEhSwdUnb5rJGtpbUTI2i0ag-3D-3D2ilC_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbq= e-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1= AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9= Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHjeXnZe= fv4APPVY9egi442IzV5PShXJlGOJ6Io3g-2BuqI8IZIZWLHWY7LWNVNJYlLrUymh2A0Brxv3w6n= rwNEhCy3j2YVIrvJH8-2BDBcWYufrdobYNGg5Z-2BtJImlA0hRg3IVnOWvfdRPU9nZGmmYx5RGj= qe-2BPVU0M3TIt4Y-2BpNJnO6IW9C09tP9Z2MqvEg6bSNmTRw5Kei86DpTUNWxBuZwCPs64V5Tk= BHOSAWRm7APx1ooE7Aw7TAEFpTJHhJmC-2BmRf29QQDiyZQWKa14xCGGk3A-3D" style=3D"co= lor: #1D5080;" test=3D"">2026 Annual Middle-Market Private Equity Report</a= > analyzes the forces shaping deal activity across sectors, deal sizes, and= regions. The report highlights where capital is concentrating, why certain= segments are outperforming, and how financing dynamics are influencing out= comes in today=E2=80=99s market.<br><br> Drawing on proprietary analysis and firsthan= d experience across the PE lifecycle, the report offers actionable insights= for sponsors, operators, and advisors navigating a more selective investme= nt environment.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVQUFUolsw-2F03DgZ= 7w-2FJCmEhSwdUnb5rJGtpbUTI2i0ag-3D-3DRxNE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PV= vP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzS= xQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-= 2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHm65UCC6X1-2B5Wge1lkvzChH-2FLRfYcTkyw= rtssjIu5luCMk4Gr-2BUyN7-2F2q6QgN4ShMXT1ou1L0tPnfHxXrTkhI1uHqUnOYektO4XqYvIR= aJIOV2EyqqH9XpLFflqNAiyTl7EPm9y-2FKM9RVziFckWCWNg3MLYpl47znwFdMebtSSCNMSTL8= PkrKcC4TMVZQP6b5Ft9N2BJhWieeNT4yMjhllx6kkN1HE0p0ij3Xwf-2B4aYh48LxNX9-2BKdaS= 1-2Fb2NkCLIAqZ54tJXKfEUdyX-2BQHH4Co-3D" style=3D"color: #1D5080;" test=3D""= >Download the report</a> to understand what=E2=80=99s driving middle-market= performance=E2=80=94and what to expect heading into 2026.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>VC secondaries are at the crossroads</b> of becoming a controlled bu= rn and an uncontained wildfire. <a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqLA= gVRwPTuDH4DwXFnE5Xe2X9vZYfiWLqiQjocPJ-2Bsg-3D-3D4vOu_I3w5d9c01gkD8gLzFEofZR= -2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZ= RJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMS= ZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQ= Rxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHhK022L7hr1SW78JBNTHfraA-2= BIQhVW5cIszFZCtHK7hKulxSpnooeLSIYGK4T4w6a46mBW9FgiCWaGy353GNBKGoSq7Ytj3rgyb= 0K7gDWhLV2ol9s-2B76qSecCIyqgcj1YwnNa45cHdGfNYurFUU7GTM1I1cd-2BCDJJ1gUVNIirZ= MMDWmw5wKsk-2B6dyqApTcyPRrbifO8TVj01lVv2o1VO0Mw2JdxYoy2auzghD8VRvIk7Z4JZaxu= urgXuYUNooPh4J-2BUiSna4HvhdtkSumwcgoaM-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true"><b>Read the expert analysis</b></a><br><br> =E2=80=A2 <b>The US venture market is showin= g recovery signs=E2=80=94but not for everyone</b>. Explore the 50-plus char= ts in our recent <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqLAgVRwPTuDH4Dw= XFnE5Xl71hfzsozAHsr-2Fh9PrPnKQ-3D-3DdA8f_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVv= P8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSx= Q2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2= Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHlcV3k-2Bv-2BAHAFzLXxnmyh4TwXWukajN5EF= fLJXYfXZ2x3Yf6hC-2FZHUGSZ4DDwtP5L7hWchtLapLNUMttm-2B9QhCM2kCYWPBHmRqu26pph3= ZxL5we6ytEHHnnSIdqQEmbrhH5fJksOFAxTruBTLpkwidewR66xHcjwoWnP4mNEyUpCigpO0a0Q= 523P7Clgqy3WnzuYv6nGhM2CDf2qxMaKVnnueo1abwiq1l52kEuE6yXPgTA8o9FJC9MmZTIyUqA= u09HbHOoJoiGpv7a-2BfOEVhqk-3D" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true">Quantitative Perspectives report</a></b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" 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_578989" id=3D"n_578989" 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;"> CAIA survey: Industry unsure i= f private market talent can evolve </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqLAgVRwPTuDH4DwXFnE5XagQ3LMzqJ= Omoq-2F4THzH4vA-3D-3DuHSc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Zo= zgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4= c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumo= ZHXbaf38uOuZW-2F7U2T8AHtvB-2BLxynev-2B2gYz6k0DEjUl03k4AtT3LMZlBZsqImWZRXLx8= iAL9Nle2f1zLQrg7rVwRydZuoLZl05WZ5ffeSUvytoGq5SryFYUEzupSHH2qX-2FUwRFqPl6Zuc= L1zGEwP9dZbR-2BsusnW6yJIWCoWjM1rvc-2FMuPHJR0PLOuwTmx6le2jt6ju5xAIJ-2Fb59NXi= WqUfUi7DNqtFryGasPk7TFN2LK7PcMsozmPZdz2AtLVvb-2FLQTaqJoQ-2Fu44P2jFPlWHVMWBy= XuMozqVxy4TDeXATc-3D" universal=3D"true"> <img align=3D"center" alt=3D"" sr= c=3D"https://img.pitchbook.com/news/73420.jpg" style=3D"border: none; width= : 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"text-align: righ= t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;= font-family: Roboto, Arial, sans-serif; font-weight: 300">(Spencer Platt/G= etty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Jessica Hamlin, Senior Funds Columnist</i><br><br> The private markets industry is undergoing a= seismic shift, and its top talent is growing restless.<br><br> More investment staffers are calling into qu= estion the classic investment-banker-to-associate-to-Ivy-League-MBA route t= hat the industry has relied on for decades. There's an uneasy feeling in mi= dtown Manhattan that the typical talent pipeline isn't preparing the next g= eneration for the rapid evolution in private equity.<br><br> After two decades of unbridled growth, a com= bination of higher debt costs, regulatory changes, a shifting geopolitical = landscape and the rise of AI has created an environment in which firms must= expand their product offerings and maintain a steady flow of distributions= to remain relevant to their limited partners.<br><br> When asked about their organization=E2=80=99= s ability to innovate to stay competitive over the next decade, only 20.2% = of respondents to a Chartered Alternative Investment Analyst Association su= rvey of its members responded with "very confident." Nearly 40% of responde= nts were "somewhat confident"; 28.3% were neutral, and 13% had little confi= dence that their firms would innovate.<br><br> "The collision of all these things happening= at the same time is creating a much bigger inflection point than at any po= int in anybody=E2=80=99s career," said CAIA Association CEO John Bowman. "T= he [CAIA] members are saying that they don=E2=80=99t feel confident that th= eir firms are designed for this."<br><br> For talent, compensation and overall job sat= isfaction are most closely tied to fundraising and fund performance. In the= current moment, those metrics are in flux.<br><br> Private capital fundraising has been on a st= eady downward trajectory since its 2021 peak. From 2024 to 2025, the declin= e was 13.6%, according to PitchBook's 2025 Annual Global Private Market Fun= draising Report.<br><br> "Private equity is still an attractive marke= t even under the short-term cyclicality around fundraising, but people are = being discerning. They=E2=80=99re reevaluating who those winners and losers= are going to be," said David Barrett, a partner at BraddockMatthewsBarrett= , an executive search firm that places talent at both asset owners and mana= gers.<br><br> Still, these rumblings from industry employe= es likely won't lead to much turnover or exodus from firms, said Chris Conn= ors, a principal at compensation consulting firm Johnson Associates.<br><br= > "Whether or not private equity talent is sat= isfied, I think most people in the industry right now are happy to be emplo= yed," Connors said. "I'm not suggesting there's no hiring going on, but it'= s not robust."</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-2BaqM7ONnvsnswouzVqLAgVRwPTuDH4DwXFnE5XagQ3LMzqJOmoq-2F4THzH4vA-3D-3= DIKZb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo= 11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5= YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2= Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T= 8AHh-2FQEbOW-2FZKoe2tRCSP1isEWFfMLzqfKkKXyrtw4bl7mfUteXVmuA3FY28iNl-2B8HUsD= lVtfpCC-2BJtRTazNZqj0VI-2F5kjzZof-2BtNnXNn-2FI8msz0IG5tjmhJuni3Pw2-2BcMLnFJ= OVq-2F5zoVIvK8N3vTVHffamZHXWETniKKRejKMmSAYKQHZNTTcTDC7K-2F0Fm-2FawjaMU70v1= 5PEqs-2BVhj0SaeXGtfqPs6CmUC9FD6dMs5JWsjsK6bwRTuPW8KbAqWspkBPFpujA38W31wvgV-= 2F4UfYY-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18p= x; text-decoration: none; color: black; padding-left: 3px" target=3D"_blank= " universal=3D"true">Read more<img height=3D"24" src=3D"https://fonts.pitch= book.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; margi= n-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqLAgVRwPTuDH4= DwXFnE5XOLRvCJW36c95opbJiLtpNA-3D-3DZopz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVv= P8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSx= Q2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2= Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHqWfxvypxvVBnFtWVgk52BIrP4wxu9ibDJnFAe= n4usj4i9RNo16rQH7DkvqWMZKeyIxinQZwUfj2CYU4WbQxUpiQnpwiGcFupr9hHHzOHI7jFufU8= WyFpNBfg1voSmVrzl7aElrv-2FkNFL5Muz0oeOzl64ra86BJ8QyzpJ1omtoVZWZzqQ7XSScxMkv= LAo7xYXKMkcLaXZXwtw8M5ST-2Ff0omsAojkUEjjR3T6XW4wzyn9-2FY5oIFfbt-2Bhb3Ms477j= a-2FIpO7T0yPd2HJMP0LUdNj8g-3D" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true">2025 Annual Global Private Market Fundraising Report</a></b></td= > </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>China's latest research project= : mapping the ocean floor.</b> The country is building a vast database on m= arine environments, which could have military applications. [<a href=3D"htt= ps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzVqLAgVRwPTuDH4DwXFnE5XbR-2FPZAL5ow1nqaah80-2FXoA-3D-3D= jjmH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo1= 1t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5Y= fY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y= 8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8= AHlaxevyqa-2Bj-2FJd8j-2BHb398a38EhlUWj6t84XvsAe6ctGrhICQp7qdVzJfVkEphPZEE2q= isST713BQV74XKpP8lxL6h3sZ4g9pkbTfnbZLRcuatAgFaW3Ourx7sQYDXnTqb6gjgD1au6BLom= POSzj0PD-2BRgtBs2gZvJbKxIbzc4H5dhu806VTy67Ywoas7VzkE10ZaVeXzfFenF-2FYkyYQc3= UEreddXtDK0NLlTKxNfq6m9bXjltY94BOuNCBK52Q9iFFsFtVxVj70z610BDGY3jg-3D" style= =3D"color: #1D5080;" test=3D"">Reuters</a>]<br><br> =E2=80=A2 <b>Major banks are playing two sid= es in the private credit meltdown.</b> Private capital firms are both custo= mers and competitors, creating a complicated relationship. [<a href=3D"http= s://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzVqLAgVRwPTuDH4DwXFnE5XP4LpkZaSc8x5C6-2Fe3-2Fa-2Fmg-3D-3= Db2c0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo= 11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5= YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2= Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T= 8AHusXtkisMDgD89cWqHIJE-2BMk-2Fy52cZ7y8BaAOj4-2BuGvAHi5E-2B0UY-2BgA8Wp6wLhF= jSHQybWTW-2F-2BV05DigjPdyB-2BFtJDqYZiJ3Sv-2FqkCrgQJcukzmZZxb7TUo9lK4Qt40Ujh= JOdB20jU-2Fse3UfNeS6lzlFMMUpCeZctdJ1rT6mCRjY1Fd7hr-2BiSyz85wWBlVv2lQOljzret= queZoywzCkbKUa4jwrlDRZCQkzfJfiZYTckhaKpnIFpaMYLXFmutPWPxYXu9NFW2PefeV60yprT= zcc-3D" style=3D"color: #1D5080;" test=3D"">The Wall Street Journal</a>]<br= ><br> =E2=80=A2 <b>The US has a debt problem that'= s just getting worse.</b> The US' total liabilities are almost eight times = the value of reported assets. Is the country insolvent? [<a href=3D"https:/= /url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzVqLAgVRwPTuDH4DwXFnE5XVS94hR-2FkvJucVoLnYtY-2BnQ-3D-3DiW1w= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-= 2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7P= XwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l= -2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHpU= a1cXNDc3fFNpw59nehOOx005Xk-2BArh5biJhGwrKwxC-2BL6rqiGxjcxsqT1kth8zzKCCl7-2F= JRO5uL50GAwURDnI9o0KNoF8y6J3b4WPbmWNtv84u0s7SsniHm5ELxpAS0YUePHoKA9-2FCG6uB= 3qfJboE78XBU-2Fd-2FvCbXRJGTfQzqp7iVlnOfnYTG4hTUb0v-2FI7nsqH7o8mCSPxhl1VMBLE= tPclLqhHLXKvytzq1tINOSGJ44iKZVMAOa7pB1Pg05LLLIr7wkpo3NmfwCmawOb1Y-3D" style= =3D"color: #1D5080;" test=3D"">Fortune</a>]</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVqLAgVRwPTuDH4DwXFnE5XViz7oYUTfPrLZaIVuKSg7g-3D-3DnPH= R_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4= -2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7= PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8= l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHr= Na2WjHaGQkROOf-2FI-2FI2EGduxT9c-2BKq8s0cAiv6zIGpXr6okwu15u2EjrIDa29bLWhqZCM= 5gtKwBiImt9EZ69qmryBKqsskAKNGtSnx20PlmQ1aW7cqrDoxoZGoOGjl5JFajPJjWd-2F5mM0U= Z-2BXIxGNBlK0vTvKyISRYFxsKbpkcVRVrxZ0QaMiOCwugCYpo3X2YcXw9GamKMTX8RQhNs4orn= pf7XIO1YyBOXl5W8WyMmaXSZz-2Bk2vF9tCYIpCM1ECTTaMLTZc-2BWaGfEhpYUwVM-3D"><img= width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4501/Monroecapjan.jpg= " alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display: blo= ck; width: 100%; height: auto;"></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"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-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since 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: 25%= ; min-width: 25%; 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;"> 770 </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:= 25%; width: 25%; 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;"> 2128 </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: 25%= ; min-width: 25%; 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;"> 1017 </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: 25%= ; min-width: 25%; 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;"> 25 </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-bottom: = 13.3px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVqLAgVRwPTuDH4DwXFnE5X7yxxlqAHW8-2BQuIPPXmUFLQ-3D-3Dn= AFg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11= t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5Yf= Y7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8= r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8A= HvXm-2FAk-2FPRFdMSKC-2BLswdr5PgI4LSxrOnLCjXU8We-2FpIrWClUq8FVG8-2B-2F5THV16= HHgvHNXU7DwF-2FqUdO-2F5xt-2Bl0h4zGx9qEU8hPL0MPtJVAezCx9ExFGOUupZ74JidIzvUQy= vpWXnW1lGliNnyM0Mg4zynqWZNw7V7i3ahEGsF7J0njCfWo42IjAratN9-2Bp66lliJAjaYN1h6= f9MT5t2bLaZLjT-2BbsmEuuvujgNnrDxlF4AbrnsKopbhLLU6eNkmNZGLre60O61p8lD6iuyptG= s-3D" target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px; mso-hide: all;"> = 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> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_578997" id=3D"n_578997" 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: 2020 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: 71.4075165806927%; min= -width: 71.4075165806927%; max-width: 71.4075165806927%; background-color: = #1D5080;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">9.69%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">13.57%</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;"> 0.11x </div> <div style=3D"font-family: Roboto, Arial, san= s-serif; color: #000000; font-size: 16px; padding: 0 0 30px 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= swouzVqLAgVRwPTuDH4DwXFnE5XLDjt54geVCPJOy4-2B6VGNaQ-3D-3DfIjf_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5= On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfp= p0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP= 8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHgoJDjkcsovFZish3= NzZ5gU8AszHzoTMGO4gU6LdRPNho0iFLUzzO8hOk8k029WcShMaVoh8Pp8uFUS8zWlqXf9iArrp= wAckOrllVH4Fe6i3kZ2QNtcx60JIw6bY-2BwoT3gSqqeeaax8biPcqe5rdwFGO7F2WhBG42xnv6= srA-2FreKcJhx-2BGIaRWS1trkNzyDofiKPW4AR4jyY2wGgJQGFvYMTh01dKYbNyob8LxMA3DjE= vs-2Br4xuH1jxUziOeNMm1zmTgfcnHoRyBRoyzRa2rIMo-3D" style=3D"font-size: 14px;= line-height: 24px; color: #1D5080;" universal=3D"true">ArcLight Energy Par= tners Fund VII </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= swouzULy17pWvYhtuVxm1UHSq62xUBuQAt-2Bm1F3NpA0vCQ01Q-3D-3D3YSc_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5= On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfp= p0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP= 8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHlmoqjYnwStELD1vb= SyDJL835xEj-2FpZWmHCl4rrGw-2BydUKfviWccUHju6t9qoRk7gFvyboJ9mwYdqQO-2FCAuT9K= oap16I6gHpClFZO42wuXPfiUGxXyp6H3N1TTHr48kfWGUx5Qm7sjCGcfTGSuAARsXze-2FZlS2J= ItWwbs9yVBZCUcOaJocPpPqUJHvgt-2FVSKrd-2BUGuuOJMqtsahevuHs2O3yXQBSqER2XaARHF= 7S6uWPnn1-2F1rri4NTTdNoHOtgRrQ8Gv3hiJ0paFS92tPz7KgA-3D" style=3D"font-size:= 14px; line-height: 24px; color: #1D5080;" universal=3D"true">MTP Energy Op= portunities Fund III </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= swouzULy17pWvYhtuVxm1UHSq62Sfqk3WVjQc3bUf3Mbe005w-3D-3DHHza_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On= -2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0= BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8H= N8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHi6Jy1aeSjFPM4x9qKu= cV2G-2FOJuwooGYGKTX1AgOQGgRI-2Bt0eSoRfz0MHljpbtqv-2F5RnDL306YZXbpzR9VQRVPaH= c4fZpk9jmTGXCP-2Fs9VVnMOtN5kRvAxKGKTJ6WjXdaCCQ5pbFlA6g1G48fMbygpTIIh9AJnIe5= 1Vqi9FhQPZcUKaPdhtYz9MFSlbePkQBFzxG8qImiHCuOc4PqySzrnwJaqZBPK1EGc-2F9-2F6aC= 0XeuajTXsbBmEz9on96IZXFyG7WhybZWRkC-2FYGfg1mKlVCo-3D" style=3D"font-size: 1= 4px; line-height: 24px; color: #1D5080;" universal=3D"true">Yorktown Renewa= ble Energy Infrastructure Fund </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-2BaqM7ONnvsnswouzULy17pWvYhtuVxm1UHSq624unWqL= 2DtOqFmJ8D6AIzXQ-3D-3DMq8G_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1= yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Z= ozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg= 4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLum= oZHXbaf38uOuZW-2F7U2T8AHr6HaFlOimXkWX8NkNqCdSpJx8a2qpfnZS2PMZKJbpW6vGaUuikx= FAOFlivmyMeKO831q5VcDS-2BRSnsHiGsDn0bSzdq5Lk7WnwcN6-2BszQA4LBPLWPkXjYd9CVM3= -2Bra5SU-2BTXv95bh3OsdCrVLOg4HS9HzwhbRDCbywKBV937sREX57ahGeAtPW5aHRnHz7zv-2= BfOT-2Bly6aN87qi0zypD7RTjTjSIryIW6lwBP1E4ItAsELabxyrfCoRDbzge8qgvP0-2Fs8i3t= mWzmARgLRUaQACYM-3D" style=3D"font-family: Roboto, Arial, sans-serif; color= : #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" universal= =3D"true">45 Funds in Benchmark =C2=BB </a></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check = out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULy17pW= vYhtuVxm1UHSq62Rxlovj4bjMDm1ShJ6Ys0mQ-3D-3DItFt_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsW= W890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj= 6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3J= unNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHvXsnblFaPq9WydMnRKKn08NmhTluxn= 6GPP-2Bihh6p59tVJcs23fANiqw3GA-2Beq4yhw8RLA-2BAmpOUD1DTOW9Q1r0EfZZszn74MqVh= 9gHdwpIdfQZGxWsADrkZZWhRgVUvk8JbYA5vnzppme-2BV-2Fj06rTDStlKB8sAgLPU93-2BKbZ= 7Bu0mIHVHtB8VnPvUUW3AiMqq2eMzO0-2FjyVT26QTwn9vtLzXWNhyl1Ztp2qvU19GhSZnaTgpS= hQ7-2Fa19CvW8v4rd5t3w3ItnD-2F17TRKaP37eFQ-3D" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzULy17pWvYhtuVxm1UHSq62lc6mhBMoD-2Fr3tr5KIRQa1w-3D-3DG= DFb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11= t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5Yf= Y7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8= r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8A= HmoPKp5QXJS1ucE7rN26r0A5u6A0OoBtkuQaQZ9W5QXwIF72KmnaO-2BPE55rb03x6NzTvv3SDj= mX0Jr3oDRE0ci2pouVWn-2F8g4nTd9vGLcDy0KO1L9zTZ-2BU5gBcWxCW0dwZJJS-2BfpPiG2dD= uiwu2l3AbR1V3q3YgPNidlDFAUMYWB20SoTdKebXRxuudruFcPfnrnCaHi2A4eWIOdkzZkOK7Cn= uKLixVcA4s2ZteHcsPlJLZsOP90TWBCPJvDvS77ptIDKSLyZYt0-2F6MtSoOUYbA-3D"><img w= idth=3D"460" src=3D"https://img.pitchbook.com/ads/ad4498/Churchillhbamarch2= .png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display:= block; width: 100%; height: auto;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from PitchBook</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_578898" id=3D"n_578898" 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;"> Put your brand in front of the= private market professionals who matter most </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">PitchB= ook helps companies reach investors, executives, and dealmakers through hig= h-impact advertising and bespoke research. Partner with our analysts to cre= ate data-driven content or connect with our audience through targeted place= ments across newsletters, reports, and PitchBook.com.<br><br> Clear insights. Trusted data. Meaningful rea= ch.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULy17pWvYhtuVxm1UHSq62nfrQr4P= JFANn65vywbpsaQ-3D-3DLAUl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Zo= zgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4= c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumo= ZHXbaf38uOuZW-2F7U2T8AHmfe0RPEr-2Bt3Gz1eNwSPVTC1Jyfkgd9qy4r837Uzz8fxkGPxsfG= 1GVedgt-2BfAtPRXgPEDJicPvzl6fJGga159POrLmOZGx9F228WIvLcuinu0S41VeIv3bc8QrId= wLhNnlaRyTcCaSKaxcXW5iVdwKF-2FQvKoG8Y0UE4jzZExzdzK4el613-2FRpXE9WmqS2f2NEjX= XDkgjDN8nKPqN5ELdodiFcwnl90-2BBi94dGhD6plrrygse92xqaIvQsp7ly2ZXNlUlZd-2FWKm= 4xwKOQtBRpf6Q-3D" style=3D"color: #1D5080;" test=3D"">Explore advertising a= nd custom research opportunities</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>People</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">The Ps= aros Center at <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULy17pWvYhtuVxm1UHSq6= 2NDPdywjfcHa9sv3LMpiuKw-3D-3D_IHe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbM= gh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ= 8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zU= P-2FLumoZHXbaf38uOuZW-2F7U2T8AHqsDznJ67YiOhpIJ63g2bNJbuD-2F-2F3-2B-2F6pW7pL= 38Ex7ATcppz9S6TV2M7-2BzcN9r0KVFq6XdgwmsDr-2Fl6u2vtp7ugqEZW7M8QyWiOsJU9F3bh4= A4P00FH-2FpbVmKVGLQYOlzBJG-2FexeKmqktZnuFuFo6ZS5z1zHan4sYZu2VGmIbmEjkYeiGCC= 00ncdJscjupund5kZicYsPoQmP6-2FuvKxAnlZ6xuKpAEkcKw8R7NeohtpZi-2BPEzFH7a0Pd-2= FOiXWwIKYwixFUMmERicymt3s5UgRTE-3D" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Georgetown University</a> appointed <b><a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzULy17pWvYhtuVxm1UHSq62921B1CRQPf0QR8svVKKYqg-3D-3DN8BW_I= 3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2B= bqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXw= L1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2= F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHnKKE= ANymMdWBqwJeEcn9c3pErwqneUjeVigpxCa3RedVn2yhkBZhSo2qdaXzhyEhi4jev20-2B4LQ66= mWCe3CYCEFL9OgxA492GMOnC-2F6esLN0ZL5O-2Fy5UFowArmUhaM5c055W-2FdL9-2FQ0HTfGQ= GmHBNr5sgUPeESeBE2-2BoonBoIUT6gqJJ2pZbgBRrbAR-2F4vbaPtyymw34OlIzi6MlWJIDPiG= EzPdOYpkc4klt8Wi3m1Tcig-2B9zE8Ltl1mAD-2Beg-2BDEd0FCizwhhqy4iT4JolRPfQ-3D" s= tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Michael Piwowar</a></= b>, former SEC acting chairman and commissioner, as executive director.<br>= <br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULy17pWvYhtuVxm1UHSq62pOvM8oWVFv= Ki-2FZvmA-2BoppA-3D-3DR6X1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1= yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Z= ozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg= 4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLum= oZHXbaf38uOuZW-2F7U2T8AHpcUAZTZKq84jSaS1HBupyl8N5c6xLmbCZvcosv-2B-2BvofeUMT= 8MTKgmHpLW84wCtu7Qq-2F8iWv6X8od-2BABcyD9-2FMVWw8zUde3G7LjuKJonXzZoATVr-2Ft8= UMbES4a-2FPu9DZW1wbbMZ92DDq4L4kk-2FfUSRySdTnCfYN1XTU5Esv-2BJT2T5C6WCV2rrFur= eq8oRDWFqtcetyLNtE5MckXgDE4JLMqbXwT80S820ZVZ-2Bai5xp-2F7tMk6P5Z4GdrxsjyoU8J= bJe39jv33p-2BXI8UTbPM71YG4-3D" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true">Titanbay</a> appointed <b>Julius Kolberg</b> as head of its Germ= an market efforts.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>VC Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULy17pWvYhtuVxm1UHSq62zrLLA7GTgirGGVwrW= cojNA-3D-3DhrQw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZR= AwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6u= wrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uO= uZW-2F7U2T8AHqUDnpA-2B1frdiESpmMAkzP1zr2f7j5-2Fm-2BXnaCadT1o6sBY9h2wmbSDIiE= ulLe8hHbeVmcCI-2BJlEVlLmb9it9ykuV4BYVq-2FNlhayx7vE7u-2BG-2B0SeQqkPt-2B94kz2= G1Po0Rhdws2TpabIIXYUM5W90MG-2Bcco-2FwOYN9UMPU8ZUzxb93AI8-2FYXhri-2FIf9TEkGZ= xbZ3X0B23MFFdIPhHd1VQ91AdBpvcEPVsUvWDs8iKLMNWnXzm-2Bmj6giBUWqSDBg5ppPcixKAX= C4RIGyAq8YPIOsoEQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">AlphaSense</a></b>, which offers a market intelligence data platform for = investment bankers, is seeking a new round that could raise hundreds of mil= lions of dollars and value the company at over $4 billion, Bloomberg report= ed.<br><br> German rocket startup <b><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzUGpWLv-2FWN3jcrFIbW-2FicSQ5CtzDqzTkMRzkJPnLIk9ng-3D-3D4= 2Ao_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11= t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5Yf= Y7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8= r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8A= HlCvcKteYZMlls3v5qdMkrB9y1seoCdM3QMcpuARgGFYP2PdGJwA7sNpPSe9A4uvIa-2BEtfkpx= wZLeVy2AkV03A6-2FmtYxcSqn17sa03j3SWfmH4wOtcfHfRmOcOuMdfuN5MHmefbYVQLedJLFZq= EkCBg1yYPxxsEP48QJeVD8EOYzWnkczIRCHM4X-2BukS8qTPdG8hWbxUs0tCdZms9mfyCVatFBI= MSzMTQykMuMCFJ9zxhjFgC51Yx0-2F4fhaYrHBXtrNm9ZHvIulAbbCrWdsXksY-3D" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">Isar Aerospace</a></b> is in= talks to raise =E2=82=AC250 million at a =E2=82=AC2 billion valuation, Blo= omberg reported.<br><br> Swiss AI chip company <b><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzUGpWLv-2FWN3jcrFIbW-2FicSQ9iViZf2OeAEUBbEPjCdPiA-3D-3DA= N2J_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11= t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5Yf= Y7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8= r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8A= Ho3tlyVkZVJzfwultGxNMkxJMmaoipT4io5aQTVmNKLev72oj9OJECZf3h1bXMHEFFMeVNn8PjA= 8MB964MDEPdTYhRdHuibnQ29Ss1veUNCpTmjoR2yhexQkiREq2JGu-2FlxhgG8R7i4JwvOk2m5c= K05y2c-2FDaC648hI4uNErQgZci0scrRf3D2HxZRTn-2FokFCL-2FZpjpPeu8gvv61pEONgQ1vZ= VHYS-2Fp3tR6lJdapjOO5sdnODnQ6sPQEdW1vohP8NRuO0tgIwBtytaPqkPhXgak-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Kandou AI</a></b> secured= $225 million from investors including <a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzUGpWLv-2FWN3jcrFIbW-2FicSQ4sDJ0sWXrI7qtW6a3MPlzg-3D-3DlHzP_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5= On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfp= p0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP= 8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHmrgfnp0K-2Fo20tn= 1cteOphpPqew3o2ELkhKH9MKBtiKcOfJTvQRfSrtq30bcFK79rxNq2lkwXTwwv7cRE79BEE6LEh= OQeA55zLGCBATWvuvxcmo9t-2BqQ6oV7joBF3mmYOPovsentYg1168J-2BceQxbnlinPSpFhZmR= 9nET1K0GRabZcphy-2FWfqy3xdxaJBgbymQ0OJ9nwZuaI12b8DGrXT4npvPNEdN-2Fpz2gpTYV7= nwv4CIgK8nvjf1eXHMygoTMSTWGRaXKQWKSWq3k4JPQRX-2BY-3D" style=3D"color: #1D50= 80;" test=3D"" universal=3D"true">SoftBank</a>, <a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzUGpWLv-2FWN3jcrFIbW-2FicSQyRXoXaRvn3ie6-2BfE2tPLfA-3D-3DSO1-_I3= w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bb= qe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL= 1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F= 9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHjLugr= SrOo48g-2BWHQuR-2FS7B17zr-2BVyEAlnc0kUh-2BoADDMA4UDfBgidKnKf3OR0j26QVr8wro3= jJnW4jDhZ7i7I5Rhqj5m1THCDyVTyHmpd3To45q2qjfviAJGp-2BD6aNzBgHOd7Z46qwNwLiWkV= msvNeTvHdRr8UUpUo5ugNhnblLV2tFyEWFI26jVZF9CEmhAAibSOT-2BEDrLsbKGEPj8ZCl6zbe= sx61ijMRh2Xgt9pHsXeoqwqeDMz31QsZri1O2lKnlm9SzPzDGx0ZpytYaYdo-3D" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">Maverick Silicon</a> and <a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUGpWLv-2FWN3jcrFIbW-2FicSQivP9PFjnDBEsVZo= hj4KmlQ-3D-3DnkNc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7Vr= ZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie= 6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38= uOuZW-2F7U2T8AHp4BjCHTT4m0FOkS81H7rNlfenck8kWboicMUHi5tURrtDig0MMQ7EUTvKPuv= 6-2BA8BES-2BFFAM1vYEQOTxLo-2B9mQLF1bw1Zn73I-2BqvW8q1r5EZ8zp4xUuC2gAuVJbX1f-= 2B0SFIG4C0WmIVNC0Xy4X-2B6v9-2BWzWqIvFA63J9t7ZkgN5DmvNpxayzCM9J00nUE8DSV7kug= pOmpp-2F0JTk9RoE5yODqWi0jCuiL4QqMcHrEPiGt8lbah-2BkrNDd3mdlrDcf3lYZUGSHV5ywp= E1FqHrdQRig-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Syno= psys</a> at a $400 million valuation.<br><br><b><a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzUGpWLv-2FWN3jcrFIbW-2FicSQrYbTTEKc-2FAuy0iF6hftfWA-3D-3DXYSA_I3= w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bb= qe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL= 1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F= 9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHhPnRy= yLPoHtoShQHvrYIiTunnMEH288NakDgqn8ZLuOT6RNC06jWL-2Fy-2FCkjOoLhkRPDT8S07Zr8P= kg-2BmMLJ824Qkx8uYjXEbdv0DhFdq3pOD37VT1oFfBl2by9S1WzTXxl1p7HNABsQL16kTiDALr= NEHGieCwFPQ-2BsCoL0e7brT0cuaTH8Lkpq5IAKNyWDdSf4ZveGvQat-2BGcvdzbRQjkrLsVPSB= T5SpqMz-2Byh7O7inWTz8oMoQ6P9FCbI5J3sMDEaN8FtA3eSVvz5Y9kACtFc-3D" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">Zipline</a></b>, a startup dev= eloping autonomous delivery drones, raised $200 million to add to its Serie= s H from investors including <a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUGpWLv-= 2FWN3jcrFIbW-2FicSQogeLN1HlcSrC3AuEGf-2FcDw-3D-3DTESL_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1e= ZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFM= SZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaD= QRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHjQPAqMjjHJsSK06sryhK8jO-= 2FeTFrJ6lnslQW-2BN32-2FTqohT7JlGGRN6bk4OgUxI3aKklv-2Fra2EtYBusQIJ4wFbMo5Wux= nO8ZoB0xnrEBpbhq32gzARHmDVcQvLcos0ejWSYhPbkK28vX3qQFdomkRkyKCgHXqbHCzUwMeNk= E6D8AYEmrdErLHZIdb7c2-2F9DM7DLHftlF6zZAWx4nva2yKZhSMexfy8pSsc5RbuNl-2BF-2B9= 1TlDuW1n6wnVMMdx7YnDp-2FPKYRdVrvl9c7gjA0FYkYc-3D" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Paradigm</a>.<br><br><b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzUGpWLv-2FWN3jcrFIbW-2FicSQs31EY8xVx0VUEm3GOeAF-2BQ-3D-3Dq= YbE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11= t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5Yf= Y7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8= r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8A= HmY7qD-2F0WqVlLwVKcRlql4SYpxOTRw0lUnERyVmBiNO-2B7MaAewoIY4aGcyf2dymbpUUYuvo= 9BUtEWwMlvVx5zaa5Yp76decxNOBiNhd3uIeJMSN0zPvjG-2BtP6mt8ugwv-2Fiawh9SL-2Bepx= 0GItJiZTNKlePueTt83-2Bm9Zr4V7ryncfBO88HTMJDpjfnjTFY2OsmRWQkmkkHv86g6AyGgHWx= P7DPcbg7aHnlwqQX42NA6LdrFUdpFoM5vrer-2FZ2KagiP6ExWCTVMzdAjI6tV1lwdAA-3D" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Gimlet</a></b>, an AI = inference cloud startup, secured an $80 million Series A led by <a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzUGpWLv-2FWN3jcrFIbW-2FicSQCZTLChc1REo38c7uh9s8l= w-3D-3DYIXG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgL= v8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVq= MIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-= 2F7U2T8AHm6vEYdatOIs2RYWjdOTaeUW7te-2FkTHeXLPRW5HhFwTm1EFtYYe4sSDY9YwW8QcwE= SPRv3OkQ2a99G54LsoYVzXgCLi3xeTcNviJRhjeHyjsnuNaKSMEDmQ-2FUk7To-2BxLWReBdavv= dpNk4SyY6n3bBv7c0meZ7lbfIDLDDDj-2F0JoRWFuuNmqPwMEL51FLlSFBar94LQhiqDSdb4UZn= YWR-2B8r9HqUk8GT6eJz5FKEwi4mf-2FiUAN9LMHWoQzzcZpRaTm48-2Bj7BqQaDAhhhGedPgH3= 8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Menlo Ventures= </a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUGpWLv-2FWN3jcrFIbW-= 2FicSQWsuSgMdi375-2FR0aVUrS1QA-3D-3DmIJv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVv= P8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSx= Q2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2= Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHttdRRjQrZq4M2OPHPoNh4tHMTscboyo3TJyMw= 1kYRCpyCqs47-2BwQaihPk5nFnMEkQ-2FBdLQgqbV2FnP7Mgb507fDa-2B3AEQ0FPDt2dCXFah7= 7-2FzZbHqJNEbugTeeXdeTHustFFR47JNjBl9u-2BMGTiuFmP9e5oQQp7yxS0Usi275cnyr48rN= IV6mk8xRWBLDIqFgUrSV6uW732YCkBboTwPm7RDKmK8ZkOg0U5RAb6oir5f0lf-2BTMMpH5NUYe= kt9HfNbPuSOIZwzHMreUVtC20qDo-3D" style=3D"color: #1D5080;" test=3D"" univer= sal=3D"true">Mirage</a></b>, the developer of an AI video editing app, rece= ived $75 million from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2B= uFUw8dNAkJCE90-2BGv4UzF4I0ZfYhDqgA-3D-3DAW6m_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW89= 0PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6Kr= LzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunN= Q7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHrWb9pJJhdITStjuWq0kx2nG-2Bfuv-2BT= ivQAa1AwtfulGrY4OSOFGtqthJ5VJHqU-2FrDjV1X2SPlR93EmBlbplIGCheffNUnphwTS77GW0= 4TNUd3rgC5JxbiBIcN-2BmpioVi1N2rb-2BOjjE6DGt91CerqfX-2BAdIEXyEGQ4n78708ZOvgK= KAduMsiSanR6ScKfGNRvHwkBKuG-2BApbuC57-2FAentsJ-2FyuTxKjCQigo2Z3u7KilEVE9Q4j= Ij9OhfPTgZ59SH8k6af4iFBynKrzRlJ6UDV-2BTg-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">General Catalyst</a>'s Customer Value Fund.<br><br= ><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2BuFUw8dNAkJMbOZMTHA= Cw-2FBTzxDALfguw-3D-3D1T5f_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1= yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Z= ozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg= 4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLum= oZHXbaf38uOuZW-2F7U2T8AHocbJF7f6oL6Do0diQCk4t-2BFH-2FvXymYodQnK9c2EaRB4icLw= MUE6CN09SpBHTuQVJuVGtSdNyRSXDfsb8ckEjYBDCVtBuqB8G6ZF0KHrrJ2KqbZ91R-2Fu-2BHs= Yd9IhAo1cgH7nfvMs5gh75wHwouXimdBxqZwMshUJx6jTsjgrpMqMipUDAkIwpvHOeHuZBezS6B= xtp6sf3GJHZm5n8FZYq1zGplWziT0EowQZ-2B2ze7XsFcj7eERU1FDPD2N5NoJdmw7PSdZwAquy= 8OajOwB6oicY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">She= pherd</a></b>, which offers a commercial insurance platform, raised a $42 m= illion Series B led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2= BuFUw8dNAkJ7iTY02Mwfj1Suf-2FwiY-2FUyw-3D-3DlT0G_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsW= W890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj= 6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3J= unNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHrjTx1eMjE-2FCgp88uCFytjGmnq-2B= 1l0CL2RSdBLDiIk0pJSusHWP4RnqVYvp5qNZINvEDgc-2BFRq4W3zwHoHjm3Ab1mLY1ufES1KCn= IuXuI9R0rvLKINe1O5utASj05jfsyJocMuavVazx2kG4TAgWcBTotwjIGvNWukSqrCvkNuED03k= WKifkrXcYZjnoKGR8jJtK1mU0oShcvjH9-2Fwr59wR-2BNIm3sLgocSQvGIsipXKoWexQAlRBPr= oGPhDeAV-2F3BWEhH1nWnkEfz6IKZecW97A-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true">Intact Private Capital</a>.<br><br><b><a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2BuFUw8dNAkJeJyHDnPGu963MTKgrPFGYQ-3D-3DB= M9L_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11= t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5Yf= Y7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8= r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8A= HjPs76EPVicfbron6Q0to7ZWZRWzOyS7VSKUynj7G-2Fhi-2BxOBd2lYVz-2Fn3LxqGvqMSu2EP= 9V5xScvPcL9BlDDGO8iIhVMNe1Vew1PwlLIT-2FQtL7ErVtjz-2FgEL63KuDFlVDCvD27tNeA6g= NdQFJ-2BCUy3XMwuJjLpLDJ8c-2Fn9BOHntiVJ1nj84CwBWm1-2BO4bpTkybuNbqVG8OsjRZJ1o= 83gdbrnEZ9H25-2F3KSSjRHiDBE-2BbBeITzz4SB4GdN0a0IwA3BwDbjJOTsOe84tx-2B3IsXR3= I-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Highlight AI</= a></b>, a developer of enterprise AI assistants, raised a $40 million Serie= s A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2BuFUw8dNAk= JZhh9T4Hft3FnO0Yo6-2FsB7g-3D-3D7c6t_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6P= bMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmC= kQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08= zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHtPfORaazL-2Bbr9iaXCXy-2FMuBIn5hKKlWN3SMx3M= WvkG6V7jSCvLLGKnBwF0gGhPPT52nyVf4l7h-2F82DW4UNDk1-2ByBwY-2F3JueMXXgDIHaaXkA= BOBKcTGuCtXvuiI7WM-2BVe5Cg3UPx-2BsvSepGZEsmV0YyJ9rUzUHq-2Fg7-2BkVsenYlrOqMK= cqJ1IsfnCsvqZQnpzEtLc7MxLMZ7dJ199MyUxjFIKPsBly2tWe2oznFuKdQP6tg1sECh0e-2Fa-= 2F5ihbZaT2V4VTI5QxVxp8-2Bi9IJES3FXE-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true">Khosla Ventures</a>.<br><br><b><a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzWAPio09a10Z-2BuFUw8dNAkJ5bMyOF5bCkDHtHLUMLGQ8A-3D-3DhFHy_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbq= e-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1= AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9= Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHm4PG2P= NnVqJQI0gG29uNK5TfG26f5MRGYl68f4gwWkwPE4BFR6kYh5bsK6Fh5BfOUal0WV5NvBtr8WjrX= b9qqzVmQa5tZs4N3dkk0xj80UFUIrxfV0RKo9JWOV2kcDt1nJ-2F6Ce-2F32RH0hrxPBhleDrXx= sTxWLw7AxqUPcCE1YDCku4YvB880pdETtmlIElQ1w3s-2BJA2Nzifz3xaLVZVB3ughYoDHJxuxj= aYq4on2-2BCsFGZao5AnPU2sJEX3mTjUROg2fMjCrAqwb-2FgnNly3cbk-3D" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">Spade</a></b>, which offers a dat= a platform for financial institutions, received a $40 million Series B led = by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2BuFUw8dNAkJ4mr8b9jrj= qRueuHA2HcTbw-3D-3DuIZA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Zozg= Qzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c5= 5brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZH= Xbaf38uOuZW-2F7U2T8AHkLtGEpb6ewcx5pofGydpm8AYzGWBX7K3xtngczr97zUJ4n3T-2Fq-2= BZTR20bu00SarqtAGyCvxpannBXrmjxF6I97Y9OryjL02QEux5JNhhVrI1riDt4HS656BjKLCTo= TT7CaAO6V6u0pslBlwOPK7S8UVV6KjxCXkuyvuvaxFU6ject-2BqJpgaLHNC-2FKj5sxHHqyyfJ= qua7Ty-2FaU945cIKUSP4I7003jJ9nHNc3TgplJ9khIFdl0ospFbj1Y-2BTh32ZVLXReJdGBZah= R5GFdg-2FxW0A-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Oa= k HC/FT</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2= BuFUw8dNAkJRV1Nnv-2F-2FKkazIKLqyCK70A-3D-3D_aeb_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsW= W890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj= 6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3J= unNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHn10ogftGmXBGQ1vNgH7J0mhQ2dpF1E= w65R0jl1SXLm6bkEqbhTMaulM5v-2FaIP-2BpGPEONvrruqaAQtrfBo10pqLPcdkY-2BH2qeelY= 7Euc3WNE0hVcHWvhkypYbtDHMjGrZz4vuvPR7v9hTp-2F-2FVQPewkk-2BSvPEP1rm1hAs6yD7Y= BaBJDPAmMs-2FBF660WjTaEHfx7jR-2BKv2nfjdD-2FFhCA-2F4toFDy3iRog7i4K39o-2Byj2x= pBPCzPnFylrmyJlChH9VRxgmRizcpQkVMIrLyWOdK1LJE-3D" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Lace Lithography</a></b>, a Norwegian develop= er of chip patterning technology, secured a $40 million Series A led by <a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2BuFUw8dNAkJJZlBEvwUwfDkcDW= -2BlqkkCA-3D-3DGgVa_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7= VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brg= ie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf= 38uOuZW-2F7U2T8AHuxWL2Zpcm-2Fr4jv-2FWycvYylKDVRUOLFoeSgtPQ83jhX9UvutFzIe9Z6= y-2FK-2FPsPX7968IrZLsGUMb4VqMeTjOr9K8k-2BcfFJyFKz55YTX7oN1QKKioCS7U4lDj-2B3= U-2FLCrD8IputKE7V5VaCPAzIgH51DV8hqSipnjt7pdwo1JO0kxqjPUHXLnPRhEaZqdtabxcelh= ZOvUc4Ps-2BFLCKxA7boJEcPTYz-2BfmEuJQCwFKHM0NisJEZiEeR943lR-2FcElG-2BujpwXvu= se7iGlMTxX454ZJOU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Atomico</a>.<br><br> London-based digital health engagement start= up <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001= .d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2BuFUw8dNAkJUUSife= -2FiV-2FqzzigPImvtcg-3D-3Dq4zt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2= F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3= Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GN= JrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2= FLumoZHXbaf38uOuZW-2F7U2T8AHs9wwARCjY9eKVXbTZkvMoIIjTzNbGKIHReBnOH065ETHSrl= gY13rf6kmT427EQV0Qnfy4L3kfYCdBmZ7gPO0drso3RNcgLH37YtQexnMhXN-2BEkAIIIH3PzB-= 2BLASgdUqVjl-2F5EMKm087y26UU4tDnuAhM-2F2ieV-2F0aexxpmUIu0gCRXMyenSwZ92pWvmW= CKiwaDhjizokVKKO81cIknbCREe1zv7lU76EXpK3pEuXtBOLJoT7eWjHW-2Ba0a16rj01nhrjvJ= 4ue6Cb9h-2F-2FCRUKJeoM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">JAAQ</a></b> raised $17 million from investors including <a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzXZgGYb3rOpk41eV749tS9SPuYIMb9jf03nNwb5sQmJDA-3D= -3D6ID1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2= F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlm= O2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U= 2T8AHlxD7pb-2FUiffHjxliXEkNMRxC-2BgcKsu39aPxxeI79GWpAI3utwNp7r4hDGS1SE7iL1v= gFzcSsFkSO8FqpryA2EEN-2FU0zwCRDvU9T2VF36lpyh1tRcRHsqDB6xhhL1qjf6wehcpKAPmuD= 0edmP0jbV7P2vslsgDFJ3VraY43LkvxIFGFkTJWn8HyKOzfhK9Vq8jMFRYQCYPf4E17j1gNCmHy= sAjkp1EMViOnUd7DQMN1esc10EttDBsv2bXdatzMi08tEnYwPPnvLaYKr2rIzUpk-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Meridian Health Ventures<= /a>, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZgGYb3rOpk41eV749tS9SPCIWD-2F6= p-2FDS3-2BBXmkUd3VA-3D-3D4LVG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Z= c6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJ= rVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2F= LumoZHXbaf38uOuZW-2F7U2T8AHr68ZolesyJv2zA7i-2FVUl7aLinHVEtCPiAjRYR3TIqhIQPp= snuIKjkMqJ0L2VIyioIQabvytvKR919NAxl188xZpLr9-2F1Ee3q0vJkarOVJRpYzRKpZ4TvOsM= kX38ZL6flKb-2BLHAO2LpRZZAg9DVIK5HI44os8mDV5XgZHAY6z0pp9yAD0uIf-2BLjp6-2BOge= buhvIPlC6KHHtJs907XGTkVWIGK52aFrZ2liI-2FUz7XEuOJt6gVqajhIs0pEE-2BH9P8bFayTI= iA8qYdj2rby-2FOHi7RTQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">Fuel Ventures</a> and <a href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZgGYb3r= Opk41eV749tS9SzyNoHntop76Q6K5RiHdPzw-3D-3DIuZ3_I3w5d9c01gkD8gLzFEofZR-2Bh6V= warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW= 890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6= KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3Ju= nNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHsiB8hcz4oAtvCrBKKLta4QcCXAwwFKI= 5ZimvGIJuFwsrAfeN4YGUI-2BZXNkfAJvmDXGQw1XhOJrvz2EBhMAxj5PEG4702-2B-2FUhLfMX= kC-2F9fk5-2BWYulIT5m0AwjuYT04NBkzkXIxq72-2BhrqHVQYgLE-2BYKHbsqrclHCZavgWgT5= NreXpRMmcdZ-2F8FJdt3pCcmx-2BfGI15nRYtS2tnKXKoggJmr9AI86kz-2FcDtu91M2alSwH4v= Rk8cRehILU7W5XbYPijMkxZdlhBo73YngzO34v8mwI-3D" style=3D"color: #1D5080;" te= st=3D"" universal=3D"true">Guinness Ventures</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzXZgGYb3rOpk41eV749tS9SxXm8-2FqwBdY8adKbLMOjtKw-3D-3Dp= ho6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11= t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5Yf= Y7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8= r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8A= Hupv05b26YpkCQ86U8PcLF9Q-2Bk4ozpqKfowy-2FeUzSJAX5AOC-2BZFqeF-2FmbGEItj8yRZX= J8nrCUedJL4Gm6549MyG3KI8TufFgceP29euGV0r3FPIH8HVBtBo5uKPamisNd9jhnpRmhlUkEI= L5k39zd8ymRsiLTwQPcGH6WYU6Xg3oqKWZ5lzij1KdpgT0ii-2BufzpxBlfmtyKDJ2O7WyFAhwY= exwVRijBPo3NwFlYqYb2XhYNfJlHBN8lYeC2cGTMFvo9K5ItfQK-2FpnSCORY3ZD34-3D"><img= width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4524/deloitteh4.png" = alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display: block= ; width: 100%; height: auto;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZgGYb3rOpk41eV749tS9Si-2Fun0bmG8KScKocxPY= 8EqQ-3D-3DX61g_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRA= wgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uw= rVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOu= ZW-2F7U2T8AHjPL2lJzvsU2eWxVfWbZa2GRAas39n0lXYv9gQ9-2Bdrbtdq5n7Hga7sg1-2B9Pp= CAa-2B0Q-2FWQHXTJXp22Ida0auXx19B5fCH6rc4X54j0Va2UQC-2BNDBivVg2Ftupjr4juGufm= vlS3oahOPVtyULxOLUov-2BJAvOhottE0CjfEAje4Z2IXBzBqFZ-2FxbzCqC9GxHoSAE1BKSWhV= pRYx1WddNLpyx7drdqcYaU53I4xJd2kPmza-2F15spuWzMhgrFfULKpctRd-2BO9lgOOayW7Qm6= FAyWDtzw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Trian F= und Management</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWAPio09a10Z-2= BuFUw8dNAkJCE90-2BGv4UzF4I0ZfYhDqgA-3D-3D6IX5_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW8= 90PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6K= rLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3Jun= NQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHrYBCbK4cCMpw8wdrhUZsOWG3xfQqrrHV= 1TCFP3eVEOW5qDyaNFgKNtlt2GHF55120isblFnChuFDlYkGxVt0-2FH22kiJX8MmpFjfLq7geD= 5gfYWyZANtSjyOmZg-2BVVaTgkZkZ4bFkWUuqHe6e928pXxV9MeHFJQ854VlUoOn4shHF7ms-2B= gVlH-2BU4YiqYDgdSQO-2FV-2BWLDCCVe1Urd6aHN-2B2b4SnBdJVAyhQuyjWqMij9-2Boqbe6G= -2FXIAgy3y44e0xBE8OaTyel9cmgVXkDNdLsvfY-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">General Catalyst</a> raised their takeover offer f= or London-headquartered <b><a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZgGYb3rO= pk41eV749tS9SDBg1eLbKTLbqBuMTBWENDA-3D-3DMUnm_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW8= 90PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6K= rLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3Jun= NQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHnlsD-2FWv4OOlGpeFvGHWs-2FDF2kbF2= LDMiHqpq4BJ7Vd3OgVLNDfTqSk9KJm637cS7xonIz5g765Q2EXBg4aMsdJNgKn78buayS6jY3zP= ImVqdpILRoqeikP5oCATaFcqHC32TnIVMEqUPDRcBGTuimpRpx6K6FLvtrV1WGp11e7aZCsR1xN= TebD2fIqqBz9TWW1DkncvsAgsTMXVO0Uu-2FNzlq-2F8ZcrTXzoDMRV30n1JnDzyMViTLkcPgNd= 6o8fiJZNBfs58UOVy6-2FkmGJPGxg-2BU-3D" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true">Janus Henderson</a></b> to $52 per share. <a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzXZgGYb3rOpk41eV749tS9SlXfq-2Fm0RyQVA-2BFqyBOt6qA-3D= -3DkOzf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2= F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlm= O2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U= 2T8AHvOdeZ8h-2B2ir-2Bdaq0L1gWLHTwntAuyBMna7-2FLyt-2FaHS-2BG40JafoosqHCt0mYU= LBdXvKvyraGTu2vlIorXwwmTNs7HC3HbKq-2FfMYGXew5eTWcixY5a81GE5GNqYxXt5pji-2F9M= 79MnsAvr8oGk-2BHO-2F-2FAqSjt7qEsDo9pdunEGlRBH8H6EubWYPGFz00uGaFsyBOPKo4thkt= -2BVzP8oh4zp-2FqRAirEsMYKhrrjNBffxB9XKNviRX3lZgEjeE-2BygY3XJIhX7oR7nGPRDZdi= 9b0laHwEM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Victor= y Capital</a> subsequently withdrew its offer.<br><br><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzXZgGYb3rOpk41eV749tS9SP5cSapCdaqjpBe7oiRhVcA-3D-3DwIao_I3= w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bb= qe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL= 1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F= 9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHn8M2v= f-2Fstm8eowkwMjvd-2B5RrWvABYJ9kivfc-2BEFFmjVHb50SjEqO1W-2F1cdoAg8HNiFiWkAb6= h-2FZCO3MCZictdXBn-2B6OKBiIS3TIDCBijd8kYZF3R-2FS4nLbnY8k9pNu33ygfcV8K7HMbet= drQg4dG1Lw3Yw9wmpb3izyMEQME0nCHVNErIYQMRGwSQPlr4IYvW7wMky2ZTNV7ktMxoWSc4sQI= xx-2B40dqWsZLmqulWu0Pksfhpy3UNc-2BDd8cknZH8ku0lHEJYMGX8bQcwsPfrNMk-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">Apollo Global Management= </a> is to buy Tokyo-listed glass manufacturer <b><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzXZgGYb3rOpk41eV749tS9Souq-2F2LaRTLtIhWslshb9KQ-3D-3D8cAf_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe= -2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1A= XxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9J= j7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHlgXshSR= VcWJuYVmtnBYNdBPJ4n-2FzNqOQwVUCJiB6CtZuzFX46esu3tRR0UuKtmrsRYmMaYWUBFy6VcbA= FWb8LlyLBbZN-2BMZwvIlO0oYRSiIipyxP0zmLuHkl1N9mdMRqvktImATUZgiMVrXziBGRsrCYc= LUGA84sSHgQid-2BNUnZwlwSPK05DT84VwDuI90cyhMKI6LnPBCSvzxWhv0qIZjh-2BISfiJJl0= k2zFZdcbei-2FRNMizS7EZScyXsFC3sbEkuDTKC2Jn1LmndX5sX-2FpYew-3D" style=3D"col= or: #1D5080;" test=3D"" universal=3D"true">Nippon Sheet Glass</a></b> in a = $3.7 billion deal.<br><br> A group of investors including <a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzXZgGYb3rOpk41eV749tS9SrKOo1WGIvh9TX0DAgJ8Cvg-3D-3= DWc6u_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo= 11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5= YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2= Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T= 8AHm1TVMo3NTDFNKYhdkVap63mK7FW2iUNS1R-2BaU3SNnJFVmFbteLu7aq5DNL09SEEV2RL2bY= v4G7sy35CIxXtwrwDtDdXBPm4-2FtdBmOGVXfaKidp1h9nMHI-2BeVTDnoDwQlCjL4pEOO38OB0= g6nXyJK0EVMKsNN21KoVmJABrM-2Fgz6xbCnnSX420a1FmZpJu3QFL3ppjcXdzcuRyOzukjlBcG= NisnA-2BMSOSQ4nD7MysWZ3i8GLkTNka2SlQxXP3rN52-2B6uW1JlSkYxup3odn-2FvUJk-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Blackstone</a>, <a h= ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWs3L7kzjYaE8RLU8XBkH-2FP5PPGVDjeN0g-2FAw= r1GYYZ1g-3D-3DT5Z7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe= UgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7V= rZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgi= e6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf3= 8uOuZW-2F7U2T8AHiqE2K-2B8w3sHkzXlW8wFnpBCa9Ki-2FymgqS-2FwQAxHYHwbigB-2BE3A7= WGIHUlhyoT3LgUXCUmbkIQgMni3DMcBKGo-2Bs-2Bzci8DeJal-2BMyjE-2BdFZr880qfylc0FH= iNMcEkDsnc8IA-2BlZYQYr70MiMwlDXIlgYhOvXei1eQ408j1NuqEfLH6do1GbERGnlK12oXI50= UFbcWsRduqjH7uLb95b82pkdMQJyi0foH2xOWQctFTwATOU5fTFtA-2FZqh1H-2BoZh7i5HlGFk= FYFY53RGp6y0kvT0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Bolt Ventures</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWs3L7kzjYaE8R= LU8XBkH-2FPtLyQvmfwvX77wxelcAgbJw-3D-3DDQ8N_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890= PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrL= zSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ= 7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHn9mc1QcjeYYUpUhs1Df38DOmAlWJEj2E6W= ecbxV-2BM-2FZg1QMOwUw5HTAKw8PV9r3NG3U9EXa3SK-2BbglflDWnFXkzN3Yg8wmZXC8kJqUD= PMqLJadup7-2FfqSuGUtc3aHtO-2BOXDaGHbDl9N5-2BNDHOw7kibOIC2rginewJ3QOAuPKalRI= 49ZcqP8MgCJSi3XLpR4wqPNI-2BD3-2BcWXt7ZbMd7UBaBu2uSjFOFVVtCn31MIWvcueeKDOpOk= YtP-2B8MmABP4ZxtUYWD4p6NAht5XfMBexHd4-3D" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">Aditya Birla Group</a> agreed to acquire <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWs3L7kzjYaE8RLU8XBkH-2FP1IRL5jH1XyUBgOtj7E0= evg-3D-3DfNvt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAw= gLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwr= VqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZ= W-2F7U2T8AHhwFMjP-2F5LE-2FGufrw4plZU9qD3tP-2BgqZ2hgP6ULkfdkquPw7RFEnOLLfunB= YVYwkqp-2B2tKYc9bzNr8qhgBakI4afAx4N4oQrO08ep96P493cYN0qxD7W5ql0YVErgxueGXTX= AAacabWro-2F9N8G6SBtWSWxGWFog2dbYjjPbxn1QJ3uwJNiEQ19ncJM7Uyh7TpZXkhI1Z3sJPF= Wk6x1NUe4ZFu-2BVn24V3K7dFIa86i507Xp8URvod178V3xKbU4q41rXoVJF5oD7CyXiOneX-2B= 988-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Royal Challe= ngers Bengaluru</a></b> in a deal valuing the Indian cricket team at around= $1.8 billion.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWs3L7kzjYaE8RL= U8XBkH-2FP4B3zIJCh-2FkoAjnZ303OVkQ-3D-3DNybl_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW89= 0PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6Kr= LzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunN= Q7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHpBBjpUxtpjw-2FiRiP-2B6RMKdv3Dx6sr= GAJcVgr2v14UxJP-2BEu3YGz02jv9B2tcY5KnJ6PxH5MzQuw-2BPrXL59xayK7vVXD0KL2oM5Gi= KLzSbQMYoEW9gXFJ4VbqJEvTjSI0pwOs3jXL7ClLJXbd4W8aJiSE6Nu0ibyEv5z4gkohEoEoRB0= nriCgHrM0JL7omr-2FbBlR-2BXq6hWOpCqDQE5dAbEb-2Fv7kN54L0uKa3ho8KrjNtnXRxIPUbm= Op0fuUUnmxRG2KxQBU-2FKj-2BZ4OqLkg5e6Cg-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">TPG</a> and <a href=3D"https://url6380.news.pitchb= ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou= zWs3L7kzjYaE8RLU8XBkH-2FP5RhCTg-2BGKozV6KP7CvtKWg-3D-3DFTIv_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On= -2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0= BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8H= N8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHt-2Fodq5-2F4WvGOfZ= Rn3dmf2SYhLk67Lk-2BpJipOisQowroBUHazVJkU4JfE1Xj3REUMO2MFyfwmRqGV5iTtXYfU2Vc= NkAQwpzN25MF29V9hzZR45w79Jl4e7mpUDgZyzSDG3E8ggGn1SzUoKr8JO-2BhD035W9Mu0MRVN= 9nWqtykBvaZTF3eFktLyeVasEdmBSUjn9RfxMbEhQtERvHxGLxwB3xBADmTvqoAppSJuQclcTeC= qw-2F3Whg-2FdVigNdpNqYeTItFPpuTjSU7kjk8JCv7c8s8-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Allianz X</a> invested $350 million in driv= ing safety platform developer <b><a href=3D"https://url6380.news.pitchbook.= com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWs3= L7kzjYaE8RLU8XBkH-2FPdpl7GMXO4s6qmOFpbvr7sg-3D-3DDmU3_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1e= ZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFM= SZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaD= QRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHp7XmNGL-2F0Wafijx8Q5usRn= bctxybtrHf2LeSCp5KCB1Zn1JS3EJwqNqQm9EDxHARmf3E5uMso-2B5PWRv5dtdNahtKglriZwK= uzvvaNDxH68waRGRKHHKEvXFa55lX8fU-2Fnv4zJserXxzwOC-2F-2BBrhNGRk6WDmX7X3j1uXU= tn5J3-2FUMgGEkymp4IaolKijG4rtZCK4XJIrYcQN5eMHkY0NH9-2BdjTx63lavnJYLGQYk2-2F= Yvi5BMJ6BOOOM8-2FHVHUC1JsAAnI89z4oYGtjZqbM94OIk-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Cambridge Mobile Telematics</a></b>.<br><br= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWs3L7kzjYaE8RLU8XBkH-2FPIEffNJub2Ot= Kjz0d4Cg5fQ-3D-3Djpmj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQz= d7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55b= rgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXb= af38uOuZW-2F7U2T8AHoWJRlMsimCmWk4w0H6z4iZ4EcQl8J9f7iBp-2Fxz4KXt2BCXz1uisONt= AkOcPPKDc-2F-2F8Z8gIX9PoZjC49JSC5GyK8YB4LlFFycYUzjY2rFJVGfMkKsudPCKSW4gM78r= iCJGG71PiAyPWk24ARODclBDTRThB-2BeYHB8t4ZR0s3ShXF4O-2FE1XrSVe2JZypkvia9dElW-= 2Bor9DGAj3HiTRch6rTtOA5wnmFGgv-2Fs3SuW8pNnc-2FYACOc4MTzxp2anxVL5FIGyFW3-2BV= ghQyPyfeK4e9ea8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= Advent International</a> agreed to acquire Los Angeles-based body care prod= ucts company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWs3L7kzjYaE8RLU8XBkH= -2FP1FbjyWAZu1ZLOJMq8k-2Fj3Q-3D-3DWzQN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR= FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8= j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2= CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fs= q08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHjQ4BiRRd-2BZy35oZZXzrmFcZzGZt6ltz6mkr-2= FdNLPUSsfR4D5A-2FQU7FOzkeoBWiwFNi4sAqWAt689FzwtSliKPFpL8E-2F307uMdJkxUMMKTP= fQ2vFXWZBuFAY4zgeidxzAvahhw80SbNM4Is2zbzzjPB8kVkiBkJR7QsgwEWAnkgfhiBjTNHX5J= 2ZAe8AunF2XTLOBATYInJEcworw85tpkxOExOOmoq1US0gQlsyjk2bNb-2B0B60wWYgvOP83DWk= SQALZotEzaCywqfd2lebGADM-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Salt & Stone</a></b>.<br><br><a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzWs3L7kzjYaE8RLU8XBkH-2FPqACUpTgnWe4Nue54XtyKNw-3D-3DNics_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWK= f5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZK= fpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnN= RP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHhHhMHET2L-2Fjr= V0S0BrRhDSeQUbFn3d6zGYeGdDBpwDl3lMcpdV-2B4k5A817zOfnPs-2FcUkDAFgKag5-2F0RU4= EkGzsg9emg8eEbApN4cugf1MMXOhETsUZrnKcF-2FXLGRbf93nYNpdERlyhpAtLqleBHe2qOaS2= dQe-2Bp75vKthEdAkfIkQh81VFNNikQZVKUor7Y6Kcy3ssMfzduhPnuefhudR0G860-2FHanc5j= STHrYBIxRFbubhdoLPgULdO9EUIr4HFrkcccR9HOT9Wj-2BGk-2FboMxg-3D" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">Altor</a> agreed to acquire a maj= ority stake in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWs3L7kzjYaE8RLU8XB= kH-2FPxWbRa6IPxuv3jZYh9Xkn1Q-3D-3DuHzo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR= FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8= j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2= CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fs= q08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHpdk7SMxQ6kabw6z8nivYsDUpe-2F1k45B4r15Vz= gkyabOsA5YK2pjDWw1Jq2N6JdQnmN03A0qTC4F0Ka7Ipgu85DWXzDXrazOr7sQhoaFv0n1Kkyhs= 0kdxPWYxL2svZ4MBLvO1XUngQ29Y8sBLqBgN5nfweeRRsgJNPJT4Lmc8k22tnQzxu6o5AVsxZVs= 1zLEFzyLYZum-2BYCz4iSGHvcA1YnEg-2BoRuxsggX8yt-2Be9KXAwOjZSLx-2FsDWmWPNXRkgS= BIPFt5NiFdstACbppmReu4mc-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Eltera Gruppen</a></b>, a Norwegian electrical installation servi= ces, from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D= u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXhaApTB10tdSj0iycVkwUBDQ-2= FdC8fFGK5JBNk4X93gqQ-3D-3DaGL8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2= F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3= Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GN= JrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2= FLumoZHXbaf38uOuZW-2F7U2T8AHtxiix3ZkFN-2Fhce8meDsyc8MQdHWCOK7YZjE5YnSJh8O47= exCBABoQhV82B2wn9WXhzGtHIjQkO1Q-2FwUrFh0PHeGJ61ynd8WbQoBlHmmVGvYT87pcnM9kdI= GDnN50FlDqjxiZ4B2b3i5ZKygUsX6pv9af4fOvL6VYzR73Zuh3Do0bkxtuN2ZxHQAjItO1NcF0p= gSY0J18eQaYNOm0wiWAEhVOxcjbp-2F7ZjcA2MxjcpL-2F2HF4bm6uD0a-2Fcx3fjtbOLJ3Y0CE= wfzYS9mHDhiCcpLM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Valedo Partners</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </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;"> </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-2BaqM7ONnvsnswouzXhaApTB10tdSj0iycVkwUBq-2FAd2hmr6-2BRUY1OQ= 2R-2BGcg-3D-3DNAuR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe= UgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7V= rZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgi= e6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf3= 8uOuZW-2F7U2T8AHmqOWYzPBnmSFmV3J844e7jF6DV-2FophAx-2BVHU1SskgD2hCzu3dNMb2CJ= T1tltcHzvwq-2BDbeh868-2FPTyvBsZLtVy8JEHoUgp-2BVuPUpDEVcnwlvwctnOMz1Q8-2FS3N= FiGMc7ZLzhcYmsiUWWnv1Jf-2FLeetS18y-2BjMsLv-2F-2FjTacGZ5PUbQ-2Bmt-2BvzaDAJV0= EAU0eEMcMpuvZHW1K-2BTa8UoYWq6xHSbCFRh5TE23xeJCv5ztjMa5r94z1BhCzweglAivlGE6J= FbY8m652FyVY676DyfiI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue">CVC Capital Partners</a>- and <a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= haApTB10tdSj0iycVkwUBKMvjL8K2batVcSpkF5MPOQ-3D-3D2SQj_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1e= ZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFM= SZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaD= QRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHjxb7-2BK9EH5L87w5k9usc6b= nFe1k-2BBxSIbqWrRosh6tdFFsyPm5iEA8XzAzC2ldurGEljaVzbN5B6RCrMFrqTaoDrJZsqIKb= simTNuAYvXYFGAQ1ONknwPu-2BmLcWBJWL1ljPiq6JM-2F9Xk9WQNQTEVQrI0bu0Qz3H6XOmgVY= O-2BCrJfsvS7O8gNznS1AZTuuDgylyn2CO1Q2WW-2BvnjPgDnJP3GBuLA1DHdhPtcOrlNyETgvT= 4SsOrOoDgsAMQrhSoXQL2YEOCbcF-2FQNK2pw3rrmcc-3D" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Silver Lake</a>-backed <b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzXhaApTB10tdSj0iycVkwUBRTIUWoi8wpO7IDacpfnHsw-3D-3DYzoS_I3= w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bb= qe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL= 1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F= 9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHrpVZ0= QomhZRlzAefVzhYvKJAlIr31Hvv-2BIQZEMskrqFhttN1xcTSSOGLXmomsjS3hxyIVlk1MpX6BW= 7i59Bcnw-2BBq5iA-2FLceR0N-2Bibttuqv-2F5MDx0Yn6uPjBVgrEnQmBk55cAeM9-2B-2Ffjr= -2FHrhtsItJDbuydUYVujZezzlrTI5ZwxFPCqzE2pcxe-2FI0XF-2BvqYKBANW4vNmQ28yNWK6M= PG3c7oEoYvdBPSEgPenMYieyXVFFMd7kpPelnzXbwgK7fz77UZPbY7iOIFmQtkcjjlV0-3D" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">RAC</a></b>, which off= ers roadside assistance and driving insurance services, is considering a Lo= ndon IPO and could be valued at around =C2=A35 billion, Bloomberg reported.= <br><br> Hospital operator <b><a href=3D"https://url6= 380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2= BaqM7ONnvsnswouzXhaApTB10tdSj0iycVkwUBr6sxfi1X-2FDwCPRD6AgX8JQ-3D-3DsYWY_I3= w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bb= qe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL= 1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F= 9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHkpK7o= O4C4P7NyTZvmZLlGxTPJ6BmgMrDf8v-2Fvqw5lM4OaQA6xQZEKCIZ4wKJaLYYWoUqi9nUFN6OsT= pCyqXqvSpI-2FkF0yNAKQ8-2FwqdX-2BAvw5h6-2B3CFwZ4IE3hsX7poEx5jLueiVzGJTol1JxL= NtH5TYGXNe-2B2bcn37ods-2FWbcGWZ5ZXGXgDtAQibyS6tginGW-2BhC40-2F8YnaEierRQE4-= 2F1t41xsdpVaz0UNInMtiGMTYi80iZlHg-2BxcHhBuyMJKyOmBZxNj3h2i4NELJbk4ebCQ-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Manipal Health Enter= prises</a></b>, which is backed by <a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= haApTB10tdSj0iycVkwUBHhrkYLFuwqTDDIHqBRb1HQ-3D-3Dvuff_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1e= ZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFM= SZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaD= QRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHn7inpASR7WU-2ByG0GxIcKsw= wsQ3eraeR3ZBlvA1D-2B1ZqZVfWochWKNuzgd9-2FajVU9uHr4i-2F55In5Jd3uC4efYKptAEBP= oTqdLiWvH2piLRrQ7i54kDsinyKAGDsBGtNymkpbuoFjowe-2FyDtHshz6zyvnP7su-2F78kmUF= pmziPV8aB4NnlFHyKOTfHZK1M4jiVh2O-2BzLkp23-2FtazUSuMJMqy6ZPRs-2Fn6-2F6-2BZzm= 4t6oK07bGd70se9rAYN88V7D0189GMJnwCUmF3APgOZ9z6QiLkE-3D" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">Temasek</a>, is seeking to raise as muc= h as $1 billion in its India IPO, Bloomberg reported.<br><br><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzXhaApTB10tdSj0iycVkwUBuRnKflLQQ3v-2F4Wpfs3PJNA-3D-= 3D0FYy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= o11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F= 5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO= 2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2= T8AHr6rXGoTzBIvl8lTGFXo8aHhqsj0ezSBPj5E-2FDt6qC9J1PLaVz-2FApjOqpDxnDtejwnsf= 9ZiryYZb-2FfizA2CYMkoO8tYgVvh8WIiwh-2Be4ay-2FZtyUs5GJmu8r8HxmBlYQiolzOSSUJD= tl-2FoIsJ5glgxT32NFrEGuG3ZTVFZtX19zX43eGJZjfUo6M3N1UqL6DJbgvQmjuxsL5wGuydLf= 801KnZCYhS8-2BKAqczo-2FnH9uGcbsjzQlgMaFS5IpzH-2FcSRAyb-2BE7eJgxLUZehsx46va7= hQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Quadria Capit= al</a>-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click= ?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXhaApTB10tdSj0iycVk= wUBEItv5PxHKrgBZqdiT53lxg-3D-3Dl25M_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6P= bMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmC= kQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08= zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHhykgVck8B9Ev-2F6vz20kXqJWZ64xd3xInM-2BQQaq= 4NmNttdWxjG4Tm0UlzGykbt4OOF9xXABQADOGBYAQV-2BZj2oPxTW14Tx6JH1D4OxetN8y2M3-2= FdOLqe0i7ATKotKAFgza23EFvBNnHiV3sSf4fEkiFbOcMzEdujAttDLzRFvbfV8WiqqytTT7y2V= 2uemplweZE4xDRCICK1ojqZ7XraN5y3QwnzVB8oX4yGzPnFowwiLFuwWXM51kkmVRIEKH8TalIH= 56OBiHZxw4-2BEyM-2FW2c8-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Encube Ethicals</a></b>, a contract drug manufacturer, is conside= ring a Mumbai IPO that could raise around $400 million, Bloomberg reported.= <br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXhaApTB10tdSj0iycVkwUBHeqMe9= FnGCGaMHWAsTDK5A-3D-3DBqch_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1= yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Z= ozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg= 4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLum= oZHXbaf38uOuZW-2F7U2T8AHnDRNLBrGhkXpHPzmz3VyjJAoDcpl9s0JxhULkCr-2BoDHMMo6qh= aO0y3zNTgNmvVmD0z-2FXkdA93i7T24D-2FmbuoKAdyk6-2BiH07GcQdNdJ1S86pJ88VTkjeEPm= sqMDlpP35VpO7t8JVx75dBg544CWrGPhNXwyqVL-2FZpqZ-2BFa72wIwtx8KFp4cm8CNwF9xw7f= e92RV2NuZHaCqirC685e6y8V3zRv3riKgkb5ef1-2FNlpABeiRlAHwDFs3gfulwDk-2FXVwcjdj= zBCPPtSHbPvTes0byI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru= e">Arlington Capital Partners</a> is considering a sale of Toronto-based <b= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXhaApTB10tdSj0iycVkwUBMx-2B87rSphHI= nUQSQgwC-2FVw-3D-3D-wCO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Zozg= Qzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c5= 5brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZH= Xbaf38uOuZW-2F7U2T8AHroF8Eb1CC-2BZgTMy4xMzBYKG4zEF2SpxvmMXCKiBaMmnzmy79lAZg= SowVWf3tqu-2BNEvfhCSTDYpVJSy-2F5y7ABR1eE4Nq6WRMmQCHIMRTBhvYQHyewmxRWCBCCguZ= XgJ4T1ROGnL-2FduUISJpuPycZ1LtYRIyqUQC10GHD4WvvDY33C1xGdBqMpJFBEgsrOR7CLUSt0= bmncfhculM8q1yxFM0HrhiiopUjW-2FBOcrV4WPCPCw8-2BZi-2BVHfcxDNQ7rMKNTpzyi2L-2F= h9DHe63lpbiaK0U-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= Everest Clinical Research</a></b>, a contract research organization, Axios = reported.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click= ?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU8gEK2EDtpcw05lHE3a= OyP2uJh0tiChIHHxRBRVx2XQg-3D-3DFbzc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6P= bMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmC= kQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08= zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHjKHkLWHTGsIAxUiF3E-2FZQtWfzm72CE-2FDiYEl06= juWe5H-2FHeLuBvsvrkcSZf-2F0GIWp2VSd5Z5eYxheYf8EAfXoQHIoaSoc2bu5R-2B8QO6WTzm= vbbRrVFxQFCSEfrc3Lg3c8pbZLB7rpWQArYUdAcKxG7rAlLwHx7G7ko2dRjum1d2rBBOzv93Ln4= uJeMyYNDWTON2Mllvj1lwG7IscDn9-2FOPknCSbB-2F-2F-2FVZy5gVSv32gF9UiHzKkd7WePlA= RFlMZx7XvjpK89Y-2BruT8SjrTxFh40-3D" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Amazon</a> acquired <a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= U8gEK2EDtpcw05lHE3aOyPzRLrcOyvufhpi8-2FGX2XGrQ-3D-3D32EG_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2F= m1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRo= nFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8M= OaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHg0pug46miTb4-2Bba4vBy= sAzQgOzwZCeNhSyDJaRObQU7d1pl82bM-2FcE-2BhohROODT-2FEu1K6oU6vY4ZTHPadWXoNrH9= ubSe2mB0QQNzUgYqMjHXg2bNHgYnRXfE-2FfUNUH1L7miYOnMHQ2su8dGlmReBNAGfSVSY-2B3l= FItWekjJRVZXGqoNvVMyNhx2bwslSIHMUrDsaHjiqQ-2FFg1Qe221TVSZGm-2FAIwj-2BTCuMHC= yMXsahH0HdRn6KKX1yb7k0FG6IIdErWf-2BWVY54M9g8Zi8XMBkE-3D" style=3D"color: #1= D5080;" test=3D"" universal=3D"true">Kleiner Perkins</a>-backed humanoid ro= botics startup <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU8gEK2EDtpcw05lHE3= aOyPgn4KCE6N6hdhZmYPsK4JRw-3D-3DIhTx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC= fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6= PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2Cm= CkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq0= 8zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHjbg97XhaP9aBscg-2B7iKA8RHCGtlU9-2FnR2kPxf= 8t003Ayw-2BB7qVMcfZKK9VrqLSp9jUzRv7ymphf4K067Weuoa8qPOvOs9LvDzoC1T-2BQw5OAk= G4blDlS8Q6WnDc1H6zHivB0jsKxWgX71vnimWnSUC2PKN3GNBMdR8Zc0t7euwKT6Neg6oW4L3SH= lDDjNlf9wcjksWtgyd8qw55OETSl6b4JqzAaad7HbcMu1ltNYZYTW8txARUs0DYjW0S9cRCO0AX= eP76LQjZw3PO-2FRic4zjk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Fauna Robotics</a></b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU8gEK2EDtpcw05lHE3aOyPzRLrcOyvufhpi8-2F= GX2XGrQ-3D-3DNbyr_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7Vr= ZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie= 6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38= uOuZW-2F7U2T8AHj7Y4Pk42azsKf0r6PHhvUrlpgR09EuvVT3AMYFDIMrh1e7MBllE7g-2FGqyL= n1q-2BMcvZbJYm-2BtMeA3bscdFAe8AXb2YxXcf7fiheVDBuftE0xgbT2ES88FOWwGkDoCvyjBV= NyBN-2FQvP9HxamiYQXQ9XTmQ-2FvUDRKEUG4EppoEXNQHGpZDTIi0cB8ppkHO0TZ66WNCpd6F4= 84ruvR1ZQImXSx-2BeJxQugQZTlD9qEptkeItFgHVBbFEEe8eEOO2wY0qkG8URMbN3hV963-2Fl= wLffmC0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Kleiner = Perkins</a></b> raised $3.5 billion across two funds: $1 billion for its 22= nd VC fund and $2.5 billion for growth fund KP Select IV.<br><br> London-based <b><a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzU8gEK2EDtpcw05lHE3aOyPfGG79yZaqJ8bPNkqWqfoXw-3D-3D5QSs_I3w5d9c01= gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFW= WKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOs= ZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRw= nNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHl9cVrO27Wqef= i2emy1onHd-2BTv-2B3oQBK9-2F0EYq81W-2BSLURTE34Mieh9axnufpdkfIajbGzFdB-2BGVC9= 1COJ5LZllGhxPpPrI9V-2F1yhX7HEEZsH0cKL0a-2Bkh0DWZeN4o5JJNqsZ6nbvHNciAhSYqSjy= ULgwhzNWWhyL1pr1yjYzYyLSvQ37Bl-2BOdWCcXoleFLBkkReohqDffDK-2BawbpnTQyQiMrPOC= JrP6RwQEeCjtQbAHJAqjJJDjD8nDmF47BqvyxEOxNLfhrQiR7tXNPSUrJG8-3D" style=3D"co= lor: #1D5080;" test=3D"" universal=3D"true">Hummingbird Ventures</a></b> ra= ised about $600 million for its first growth fund and $200 million for earl= y-stage investments.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Investors</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZgGYb3rOpk41eV749tS9SP5cSapCdaqjpBe7oiRhV= cA-3D-3DUSz6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwg= Lv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrV= qMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW= -2F7U2T8AHlSghQUr5BEuZLBKZLcqrKa2t2khhfErU6j1micFm67rBEcb5G2-2FfAY-2Fd6hnZK= sbHS-2FHbgxuhaBtA376I1FDRFlrRrM5ZnHVH2uiaSIxoIkIeypmhg-2FvkepL5W6d6QMmFF9sq= RxrpmoSyrJA37QSgyI6qgoSM5lKu7Fu2Ri4KP9tSomMfXdu3k7gi-2FUDydX3cCiqiGwpm8KtQR= Rm-2FlhI4YHfb3coOmf7xPNaRjVFdM0zAdGuZ4wqh3ZEheocemp6w2e-2BNLj5FrXGQpbtMS4E7= wY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Apollo Global= Management</a> is limiting withdrawals on its $15 billion flagship private= credit fund, <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click= ?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU8gEK2EDtpcw05lHE3a= OyPgSkXVulLVF9e4z-2F6GSG8jg-3D-3D6Xub_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF= Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j= 6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2C= mCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq= 08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHknb9ZZzOwMTmMaJ6IxKNIFaTsLSCs-2F23wrX6ad= nAsEAWmgi2LS0IWEc-2B-2FOIBD6Tu-2BRTVAwsal-2BAH289Uyl0zi03fDhgl3OugKhYeFbmrB= WKsulY1YB9QHu9M-2BhM74VnIu2jqBGd-2B9QuLxMfK9M9o8wlshiBdnYTi5QxWMhoKrgeS4-2B= yKfUqX1OZhCnuxzoHecydx-2B-2FG3oPKUF59HUgITBs2ABq1J7gU0dYhlLZbvqrqDJIZXeNjPL= 7Gp5nR0kGSMW7CGRSaxC-2B9DdIOM5ht32A-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true">Apollo Debt Solutions BDC</a></b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU8gEK2EDtpcw05lHE3aOyPaFd0B-2FR= y0dEQkX-2BRS3qn-2BA-3D-3D1YuN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Z= c6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJ= rVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2F= LumoZHXbaf38uOuZW-2F7U2T8AHlp1wo4qj3t6EcGgJHBDQmIMu2682VStXoAVTKI3-2BOGp6XF= nLu3psAvwMPzCDH2JNnwi8PLyvroRmB-2F7aq3fZEdOPJkUzIeGadDgNefkDG0Vkc5G9KjFoZsj= p9UMOGZfnZ4-2BHOAXovT0vD50lqg6DC5YqUm6VN73vxraWmk61r0vep9IbmPI3Bl5hYqeZdYHd= zRZeow8L2VE42SKJUNjIIzAeXG-2BaduSuHToqHlnBQBsmdsHVWDL4s4Z4UaJjQtpzxTlXUSO3b= EPnaWYbbixpvY-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D= "https://img.pitchbook.com/news/73436.png" style=3D"border: none; width: 10= 0%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Activi= ty shifted downmarket into year-end. In Q4, deal value totaled $104.6 billi= on, down 3.1% quarter-over-quarter and nearly flat year-over-year.<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzU8gEK2EDtpcw05lHE3aOyP7uynh-2BQypeIkbh6EYI-2F0-2Fw-3D-3Dk4TC_I3w5d9c0= 1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BF= WWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIO= sZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tR= wnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHmiFnhbbsuqK= -2FFK8sddBM3KybylcGKeymg1BF-2FuQ-2Fi8sxmEH9pVyCJHie75GZ03yeARWjE-2Biov3-2BA= ccB9R3OV0FZ10yLo-2BdpfW7T-2FlAqHF65LCCTm-2Btpno3JRtZtXfyk22FD15xlTakGD-2F9Z= lTjSF9uXgtm1EZAQD2Vf5Var9ldoDN4HHp-2BXU6e4E16NGraFutrSYlf445JEQ6Y7hxyzi7FsX= 35a96gdf3AKmbHpvI4j7c90Trf7vUYdpIZrT0fbLaBDLXdmh-2BKS9BaHFAYNZUc-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">US PE Middle Market Repor= t </a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> </tbody> </table></td>=20 <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r= ight" style=3D"padding-left: 20px;"> <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td> <table lang=3D"x-sidebar-block" width=3D"140" cellpadding= =3D"0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td> <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad= ding=3D"0" border=3D"0" style=3D"min-width: 100%;"> <tbody> <tr> <td width=3D"460" class=3D"container"> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor= der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;"> <tbody> <tr> <td style=3D"font-family: Roboto, Arial, sans-serif; font-= size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c= enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU8gEK2EDtpcw05lHE3aOyPJnUV2hq9HrF= KLIrI9M4E6A-3D-3DtVmU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQz= d7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55b= rgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXb= af38uOuZW-2F7U2T8AHmWtCDxfQZzlrehS3maumJGOyfuUK-2BCth-2Fe1PfaOhW2lSItiBqkSx= eQEQeCTftUnGgU2ZVfI8xVZcgKGAFZwr-2FkreF0KqPPZ-2B3PezcR0NO6Oau5gRT-2Bcr-2Fnb= cX48P-2BFRwJgYOwJacFgi6v1crO2h0W7jYYGBpOUuRktykV6H5sP5ARdA8ap3s3kxv6kGuZTF5= NjlK7NjImUVXxVzTGOf9I90UfvIxN2H-2Fw1M2mts1xoNrcs-2FQDCGswSS0-2FwtaB1bZe3lki= Rr2CjNLCrlAB4lC80-3D" target=3D"_blank" style=3D"text-decoration: underline= ; color: #1D5080">About PitchBook</a> | <a href=3D"https://url6380.news.pit= chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns= wouzU8gEK2EDtpcw05lHE3aOyPH-2Bzwp-2FNUN83lr-2F8Nx9dj9A-3D-3Dp4AE_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWW= Kf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZ= Kfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwn= NRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHttsZem1DYxzmS= XNf-2FnVKvfdqG31ML5W2vcF6-2BVjsI2dEu-2FWSIs74b6YlustEGoEwtCS2CQYLgHrEO6oG4c= Xx4C1gsAKKnMFKDpUWI1WSKxJ5QdmxLYdZi-2Bly01YStEjlzGN8YmrAhRbTD-2Fc0gxjKOvlnM= -2B7wjn-2FK3NCeYGaDK6TlqQaQpcvY3UDioJfjilhlLLgeSaL3JCGf6CkY0QPAhrjmpRrio1DH= I4zrx2Ro5ZjQoP2-2BR7n-2Fwu3X-2FQ6WRV2cADsS4g9GVOBSL5N8nGU2XY-3D" target=3D"= _blank" style=3D"text-decoration: underline; color: #1D5080" universal=3D"t= rue">Terms of use</a> | <a href=3D"https://url6380.news.pitchbook.com/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU8gEK2EDtpcw05lH= E3aOyPTisuSQHQVPzU-2BQLhMHLucQ-3D-3DWAJk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVv= P8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSx= Q2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2= Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHuC-2B7EO-2B-2BAuGvu4pE7tBoQuVwQFaj8z5= 17km1LjCPST6T9l-2BXJ3rTZ-2FKP6pX0sTaBOmBC41bi9sZ08GwmvjC-2FrKd-2FzsLdW8H-2B= uTWFpnXFrzzLuXM5Sgvsgji-2BHO2Q0vO9CGn5NEhaQzcyP9n7HKW7KlQFTkNIwdsfNnAlMwkWG= 12YX9ojANzJhhXqY6jNgL8g4ivhXUaduGxLU5sFt72HSCzJ-2FcImF8hhCT2a8jvml77VhURnuk= loGN5tOXfpBd-2BWiGaqOA0gY-2Fl7yumecXo1lM-3D" target=3D"_blank" style=3D"tex= t-decoration: underline; color: #1D5080">Advertise with us</a> | <a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzWPGcjUnI-2F5L8OphZxrXCiexX6RDtg1NfWMMz-2FSaN6W= Mw-3D-3D0hfk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwg= Lv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrV= qMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW= -2F7U2T8AHrTaGmID4C33Q9wb3H9CEoocckRZAyLEWgNQkn1CeBV9mw5yH8SXloR-2FFPC0yTCV= M3VGqnOUotCujodw0AjNeiKJGfHMVSRPwfy9gWrbtSSrhFHuzJ-2By5kTCc09lybJqrSzSGIeuU= 5d2r-2BN4I11MPW-2BlSp7Ie-2B8XAwSPLWL-2BcUfFfi6OaoE7aO6D1ImDYS08It2Hci37nuhd= SgfzflMfbLTODJtdvDNJ1MfdAbN9K9B-2BgEqvNeHerVLVxcPloTdRUrVEam7EiqZz4W0PMNWVH= jU-3D" target=3D"_blank" style=3D"text-decoration: underline; color: #1D508= 0" universal=3D"true">Contact</a> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"= border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"padding: 15px 0 0;" align=3D"center"> <table cellspacing=3D"0" cellpadding=3D"0" border=3D"= 0"> <tbody> <tr> <td style=3D"padding-right: 10px; font-size: 10px;= ">Follow us:</td> <td style=3D"padding-right: 10px"><a href=3D"https= ://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzWPGcjUnI-2F5L8OphZxrXCie3R2Bq4NolU0zhIJ3zrsptw-3D-3DUdWF= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-= 2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7P= XwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l= -2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHns= qtxVWWdXjJbhe-2BYYDZg1ym3ncNAqf6-2B0E5h5BAzPtbcj05o-2BiNFOiH4hNRs8zutVjOb00= F2gZsI6UXdHDocdDlZaVYWT1-2F0iAtrNB1zcFkbx7HH0D2rbnWqT1yrdrSjpNCo9-2BU2CBRuo= aQLRzYOnkr-2F-2FgRpMLZIZZPUq34PbeqkqClYlR-2FZRKLWok2z8E45yrLOdc4PYaoxLyTRqV= cbgufqhoENLXgw9w77XEPSsF910PjKPfAuolNCfhH5te8vfuyfnIKrYkX7EPfrcgyDc-3D" tar= get=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https://fonts.p= itchbook.com/newsletter/linkedin.png" width=3D"25" height=3D"25" alt=3D"in"= style=3D"border: none; padding: 0 0 1px; vertical-align: middle;"> </a></t= d> <td style=3D"padding-right: 10px"><a href=3D"https= ://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzWPGcjUnI-2F5L8OphZxrXCiezbYVDNUKw5Z2iK192i2Leg-3D-3Dvf3B= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-= 2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7P= XwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l= -2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHnz= EeGpZDSIvBZ-2BB7QDpnxJfnxxaNfIJUHXGsbPsEvKRImQA5LGs8JsVJMtKZGiWl6Ukfex65JPR= 2kpw370HalpJWmPtklDjHGLlI-2FosgbTE-2BYVYdbt-2FEg-2F93lYhy1PnCLgrSWByrJClGkc= DJ5xFDyY3C7dLqf4J9Wyvt3TNkrlMCI66JjGKlLgxjhccDlZ6GquSvGvfFbjTizUMGKSJaYsqdp= Xh169CUPofDCmMw3f-2ByIOJ6EekP1s4wI6J4QV5YG0X3lSot-2FdB0KQ8fmEeeuk-3D" targe= t=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https://fonts.pit= chbook.com/newsletter/twitter.png" width=3D"25" height=3D"25" alt=3D"twtr" = style=3D"border: none; padding: 0 0 1px; vertical-align: middle;"> </a></td= > <td><a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWPGcjUnI-2F= 5L8OphZxrXCieprTDaL4Dy5w9qoRLh5jaXA-3D-3DXUu__I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW8= 90PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6K= rLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3Jun= NQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHncVETPzEH2nP9QeGSQEXQw8bv3EqT0sd= iZclNRPjBRmnTaIF6TgpdGFx46rRZd6hsbeqWzbsQ27H860ZkrvgBcCOdhnn7mgBw7WmLiHxzaA= ZfULYTNweK96qurTJNhvW8LhO7mVhQ8KoZ7BsBTvWif636JFxtUP4FTfuzH48-2FFBQVTLVgEoO= EF-2BQlKY9yj1R7E9NxAjO7UYST9sBRNHoD82UZgsi9rJ5G7J2Nz8n3iIvSz9MadI6MNPWYVRJ1= qHYeXt9bMRqxCp-2Fy8r03WV9rw-3D" target=3D"_blank" style=3D"text-decoration:= none"> <img src=3D"https://fonts.pitchbook.com/newsletter/facebook.png" wi= dth=3D"25" height=3D"25" alt=3D"fb" style=3D"border: none; padding: 0 0 1px= ; vertical-align: middle;"> </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <p>This email was sent to <a rel=3D"nofollow" style=3D"te= xt-decoration: underline; color: #1D5080">most@ponjosonek.com</a> via the P= itchBook Platform.</p> <p style=3D"margin-top: 14px">Click <a href=3D"https://ur= l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx= 1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0dASWMAkXrIC3kg= -2BeC0SuDoyGjKHmOSdfo63E0RLyaXhmtZcu9qypgyxWwak1NhA0coLyWLpIGucErQpvbIjaXQ-= 3DEU0o_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= o11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F= 5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO= 2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2= T8AHv-2FC-2BdN9SALEj7-2BLFt281MZJZ6PnT9XPxHai-2FyDt-2FJGuxqTh4wusBzg5v-2Ff7= 9XcaAG-2B5qmWCA9wbYS52jYtTq3aywfxbtOx5PclVpz76OV3TBzaz61fcaGy7jccBz2c9s7vFR= 2HAJcurieAXhsi5Ox5fLat7PnjtRAKf-2B1z6rL7fFN7-2FkjnvsQdkoff8m3MxPMbxoNBNK7l1= fyK0HjHYhTSECZ1H-2Bh6-2BxNXuUTF9rz-2B4FrZnD4HOP6iFjyi-2Brke3F1dWmt8JBfxo1x6= 77mb9jRA-3D" target=3D"_blank" style=3D"font-family: Roboto, Arial, sans-se= rif; font-size: 10px; text-decoration: underline; color: #1D5080; -webkit-t= ext-size-adjust: none;">here</a> to manage your subscriptions, or if you no= longer wish to receive these emails, you can <a href=3D"https://url6380.ne= ws.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrVRvnzbxJbWwDftsHe= -2FnJ3PNCbp5fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsIf-2BQHY-2F9cBWz93zxOvFSzafZw= 8LoNeS7HBprvPhxsRX659VZdcmKyMzD4eMk3ZOd-2B-2B-2F0Y7oCpRRexO3AXTn7AxiLzOJmi1= BNthQ7l1V7xQNEyyozi98d3Y_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ= bcbdWeUgFVa0m8PzsFo11t4-2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6Zoz= gQzd7VrZRAwgLv8-2F5YfY7PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c= 55brgie6uwrVqMIlmO2Y8r8l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZ= HXbaf38uOuZW-2F7U2T8AHh2E-2F5kcPaqin6oJlAhQu1-2BG4bcmCrJQ-2BwhHAShQJNUbce-2= FiCLdM8wcTGIrmZluo6nDlbjrKHdvTyZlIa0dreIqck7oruq8312tdYxixl5hygTgL0r1sTqeXE= n3JXbqziZmATPEjBVTTu2xmaIIKIq5e9hNYwJlygG-2BSN817Krg7SyLWX9m-2BnxPrVFROCUyS= BZOaiqZL6YF-2BbQWzLyveW4TDyLK5bUjfIKhzD6QHyIljMtlVAEBkb9WN8X-2FT-2Fj2R9N7nv= cd0P-2BqTEOxTTMdztJE-3D" target=3D"_blank" style=3D"font-family: Roboto, Ar= ial, sans-serif; font-size: 10px; text-decoration: underline; color: #1D508= 0; -webkit-text-size-adjust: none;">unsubscribe.</a></p> <p style=3D"margin-top: 14px">PitchBook Data Inc., 901 Fi= fth Avenue, Suite 1200, Seattle WA 98164, United States</p> <p style=3D"margin-top: 14px">=C2=A9 2026 PitchBook. Win = what's next. All rights reserved.<img width=3D'1' height=3D'1' opacity: 0; = style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitchbo= ok.com/ms/pixel?userId=3D3DABLZ54MOPJL5Q&eventSource=3D3DZQDXJQ6VUBAECQE7XY= 5D5PSLQI&emailId=3D3DIRPPCIR7E6HQ6&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG= 625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DPED7RLFD4GN3BVMRTF= QEHYZOOJCKA34MS5JA35Y.gif'/><br></p></td> </tr> </tbody> </table></td> <td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">= </td> </tr> </tbody> </table></td> </tr>=20 </tbody> </table><!--[if (gte mso 9)|(IE)]> </td> </tr> </table> <![endif]--></td> </tr> </tbody> </table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0pf1B= x_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFo11t4= -2Bbqe-2BFWWKf5On-2Fm1eZRJgsWW890PVvP8j6PbMgh3Zc6ZozgQzd7VrZRAwgLv8-2F5YfY7= PXwL1AXxIOsZKfpp0BRonFMSZZsnj6KrLzSxQ2CmCkQ8GNJrVg4c55brgie6uwrVqMIlmO2Y8r8= l-2F9Jj7tRwnNRP8HN8MOaDQRxs3JunNQ7-2Fsq08zUP-2FLumoZHXbaf38uOuZW-2F7U2T8AHt= ko-2FWNtfvU6YeXxe-2BsuRIIv9-2F3-2FYxHrzdxwrofiuuj1kpUg8M3NU0K1d0ch-2FsgWBo0= I5JiU10hDlgDHzRnDpWFjf-2F5HxoUby5vVzQ-2FHdQEMPNe5JabvbkLIPHshX38CGqgWZD2TxU= zpmWAY-2BCi-2F3xTlYRdwYN9LCh9bScBPlMGfnu-2FxsMKFj38OvnjIZdpWghQ2iMnMpIkRk6j= 1uCAbmg3kzqVFL6oE0Amzul2RhwNj6FGuAqNLwAiKZ7I7535axFKtJ71zQax5ZU4lQyGYTrU-3D= " style=3D"display: none"></a>=20 </body> </html>