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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 Everyone wants a piece of Electronic Arts LBO; S. Korea's carveout pain is PE gain; ranking 2025's busiest lenders March 30, 2026 | Read online | Manage your subscription The Daily Pitch PE, VC and M [...] Content analysis details: (0.5 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 RCVD_IN_DNSWL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to DNSWL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#DnsBlocklists-dnsbl-block for more information. [159.183.175.69 listed in list.dnswl.org] 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. 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Korea's carveout pain is PE gai= n; ranking 2025's busiest lenders </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%; 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-webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">March 30, 2026 &n= bsp; | <a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgNf2y7lRL2= GGkAQih6SRr-2BlwXRGw5TuFj6Vui6ssW4w-3D-3DeepB_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhA= i8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2= BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKh= xpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwNM2xykQhiqpMuvT= Vw7LFfm9Ogx-2FlbGhUE8Sgww3OXvjQ3rdzvLRdzdyr79sHtWvenLAgeIKYMlh6GGJi7dKKnkvx= 9eqxnMoup1YHI8HLnYBonhv450y-2BkJWF7Jz2ejBfgBy9gIWcipgcTyUD326RHMlCoqFA29vHz= -2F14Z6aOKZKPL7jRvQHyrfhC1OH5reIrH5daZY1CgHgFy3eOUnqSP3efYiOfei8xJDv4g-2BaL= FfaS4LstgsNMj7bpZT-2BBKhiW4PENSulpC1GgM8WJaOv44L" target=3D"_blank" style= =3D"text-decoration: underline; color: #1D5080">Read online</a>  = ;| <a href=3D"https://url6380.news.pitchbook.com/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mt= uFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZYap3xyjo613CQL5EKI= RNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-3DOeOg_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJ= hAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0= -2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJma= KhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwPreHsn9VV6T1Q= SlHhL9l7GURyQbMK0RHzutNw1MDysdItd74VTh5lkFfvQGUXEfwVQ6kow4LEMEC3J7ONqESwL8Y= jDpJZwmPB6a7QzApYZBA9u623cmiiGmtTYGvRvT3o0sxc3sQuPVHOybEHS-2BUyCV9JPMbC47aG= eTKBRu49WKGtnAdy7a-2BIaXS-2B3IwSF0MUVcMRdp5v6Y39xZLF1ZCLoPErLVdk-2FZKl2qtPy= uNfvnxvIUTkJ3K1PIxAHr1hj80OSHlMqyenDun2Gbq69moWC" 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-2BaqM7ONnvsnswouzUgNf2y7lRL2GGkAQih6SRrh7QdlCu6XupztSO0ceI-2FfQ= -3D-3DY7AO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6= CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKf= wJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OF= shEEveCzUzfSbxp9GP93I0kKwOuWjTLRwscRlIp7Mz-2F-2B6KPzGDVG2c0LK-2Bz250nLSEQPl= KfS6mCnNaz9YIjqPIOpFD4TWy9slAlHGY3Vw0qHuYLt7Yr1oX-2BJBs65BgZH3CkWigKWxuf3Km= cxlc92q66MDdmPdq70ABU9JDvk-2BzYigg-2FcydRrqdobNwAqyXYiOlLoA844ym-2FYfIMrzFM= MyiiFf-2BIem86X2GIicN7use-2BKvi4AaebIDHNFWRk9ZHXk5jFPokduuLqR1szzpg56fPTi56= g6JE-2BpBvQ-2BLh2xVWTGH2t" target=3D"_blank"> <img width=3D'1' height=3D'1'= opacity: 0; 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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; 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See which firms led the way in our an= nual <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgNf2y7lRL2GGkAQih6SRrzZxErNqs7= M6r00meOaDQ-2FQ-3D-3DA_lf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12= MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNu= MUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9= Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwNKFBKumG7Dpb8qlFJ8ruF573j84TWbgfPOf= YCzoVNCb3-2FHTBuJAcCtCoJie1n2u6dNR0JiIl69VhTwLpftNwKpelxBUMcV5bq1mj5hu3VnMU= 7x-2BYqL39JvQxXMvTKY1T3hAgPg1OQK0AgRxXRQr8QnpYM9YL1-2FKYKFMafABbhzrHn3-2FUz= DQVh60wk-2BuyNaR68iMf4L2AVCAno0cSJj93zwXRCuQi9ekYD3kWDYrFgf7T-2FhkATKwpL1hz= kbrDML9ru-2BlbX5d5wdQKWh5mv5gB0A" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true"><b>PE Lending League Tables</b></a>, sponsored by TPG Twin Br= ook Capital Partners.<br><br> =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-2BaqM7ONnvsnswouzUgNf2y7lRL2GGkAQih6SRrF3Xx6AiDF0v= r620tHKcVdA-3D-3DCZHQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZ= CXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK7= 1bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3L= zcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwPuCvCU3fpeHjQJwC8LpkADI7QUTo5Rfu-2B0gwc= JJegNk6rf1XYumYtO5-2BkrNsxGWofhieTgSChDm6HXFrg3TIdiUx4LSSeO8j8Z2dWeHh5Zsc7I= jsGQZeD6h8Dmy9gi0THm6jgh71Gb6GRksXr3ijSEll26q-2F-2Fi0-2BevfY8Nzo0IlNUCX1B2A= E2yIvBJB184ZBITRBlPZP7JhTkQQ-2Bei4jV9Y8vmKZTD99qk1JvQeAJI0xZbEHAi3zc6P9jPEo= FWgJFQp1nXdjNoNma9TwsGg3fJ" style=3D"color: #1D5080;" test=3D"">Sign up her= e</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_579227" id=3D"n_579227" 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;"> Private debt cash-outs lay bar= e the role of wealth advisers in alt investments </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-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbSurHX9x= gZTOhwgrd5FTAUw-3D-3DTPGv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12= MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNu= MUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9= Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwOiVvUqYVhnqOoHD3IiGhpHuP-2FkRRtYtqx= dZq4kOgh9FrbTU57WHlaEEoXBCTPiG9FE15OVZBIKQ5VsnuVWQtgu-2FlDLKD8vNHZ13YIdyH0I= VPTRGSUd80MdK7vlDyMeoh4pPDiLhk3w0PB7tBVxtYdvdZ6-2B0-2FS0fFSfu68qN-2FlF23pEu= j14ZVgJPOfG5sEfpLZbdoKfGwzudBN64cuDebWSXCs5zCbXy-2FZ9mgDMbFIeylw-2FuNzMYZ-2= FbGByMZssowhsozZQ6fzFLIpvmzAvX-2Bib8" universal=3D"true"> <img align=3D"cen= ter" alt=3D"" src=3D"https://img.pitchbook.com/news/73509.jpg" style=3D"bor= der: none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Thomas Fuller/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 = Alexander Davis, Head of Enterprise Reporting</i><br><br> Mass requests by investors to cash out of a = private fund are nothing new.<br><br> What's different now is that multiple runs a= t several funds are happening simultaneously for a relatively new asset cla= ss that's facing its first big redemption cycle, with requests piling up fo= r private credit strategies at top firms like Blackstone, Blue Owl and Apol= lo Global Management.<br><br> But what's also notable about the great liqu= idity squeeze of 2026 is the starring role played by advisers and their wea= lthy clients, who have driven the elevated redemption requests rocking the = $1.8 trillion private credit market.<br><br> This investor segment's rapid adoption of pr= ivate credit funds in the past few years=E2=80=94along with their subsequen= t rush for the exits=E2=80=94has sparked criticism about the industry's cou= rtship of retail investors and has revived scrutiny of wealth managers' kno= wledge of the private market's vagaries and hazards.<br><br> It has also prompted some fund managers to r= eassess their own communication and educational outreach to the advisory co= mmunity to ensure advisers are adequately informed about opportunities and = risks of their products. The turmoil triggered by mass redemption requests = is resurfacing longstanding industry concerns about:<br><br> =E2=80=A2 The mismatch between investors and= illiquid structures<br> =E2=80=A2 Adviser behavior as a driver of re= demptions<br> =E2=80=A2 Structural liquidity problems in s= emi-liquid vehicles<br> =E2=80=A2 Wealth advisers' knowledge gap and= the role of formal education<br><br> Omar Qureshi, managing director of Hightower= Advisors, one of the nation's biggest wealth-advisory firms, says the alte= rnatives industry shouldn't expect individual investors to behave like its = longtime institutional clients, adding "I think the lesson primarily is tha= t these are not institutional clients who are going to be thoughtful and pr= edictable in terms of how they invest in your product."</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-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbSurHX9xgZTOhwgrd5FTAUw-3D-3= D9Nb0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRz= EDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuM= lJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lv= Y2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEv= eCzUzfSbxp9GP93I0kKwMc-2BAfgWatCVMndTFeu0JUWY5tH4Hrf0LTCRYzbpwKw-2F9UwvmQ7U= Wm6EWTBvsfirOF84sqQs-2BQog3dDib8I0pAibpoTKj1uJNvycSTgNpOXqZp4NY4kChfSuiJwxJ= HO-2BioVp214zTNySl3OThH02TFiJ2EDS5KyyvwBJQ7SXCib5kVmTsgfuS6fhHFMgSaGTUxLxRC= YkJgTDpOn844atZzNa1E-2Bhs9OQDX9nXnFGwdi229U9sEat92bvULz1-2FzhHdbKf-2B-2BE1m= We14xu2pDNuTBj" style=3D"font-family: Roboto, Arial, sans-serif; font-size:= 18px; text-decoration: none; color: black; padding-left: 3px" target=3D"_b= lank" universal=3D"true">Read the full story<img height=3D"24" src=3D"https= ://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align:= middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXw= BFE-2BYgbirVHuQGkk4-2BIc8pAkDHN7g-3D-3Dx7Zz_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8= VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BH= SNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxp= VVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwPoGx5rdqWYOYNy0IP= kLvYYlvTwAFyZCTeZvVFTb1T6ua6YuUv5T4LWoog4fXQbprMG5eIUuVzDssO4Oax1uuVZ8S8QRn= GZhGeM2yWnmcT73itG9WjoGddwgCLxAZZxRJzDI0N1XMstcIjl7aS0Z882m0a8dHUXxgjq7Wzhz= RuhoHhU5I36Pgim3HK-2FbxZmt-2FzNr2OlrVKEk4GPaKRI8HScDjhSe9LsszocDCcR-2B793ue= nq3xwT7a2aY-2FLJEVJ0CF-2ForDOk3PI7XXYS2zzlgMHw" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Private credit's liquidity squeeze puts lenders= in a tight spot</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>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>Doubts about the defensibility of the SaaS model</b> are pushing mor= e investors toward hardware, and Europe's semiconductor startups are benefi= ting, after raising a record amount last year. <a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbRIVZXP8v4oSyLDHpkCSvuA-3D-3Drkhd_Pr966kn= uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0v= OIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBG= l-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyD= qzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP= 93I0kKwO6vpM-2FOkfsyuCpo-2BOMxZBqpx4HxiCOy1mO08Bb6Q03bt5du4p9lUQAPzjMpDcwwT= MawmDMheugAMvwbM5J5C0739KfuYFM-2BfuHBkZ0j7GixGqABGTO2-2BapFs3JakGePjNTTXUPW= CtrYoHhyQJAFE8HiwG-2FWaw3yTPlnT4WuxPFLoMONGXDHGtzUXDs15Z8rl0oh4TJ4Wb1OXiDfQ= 1fyCYXZGrA9fltYOjB1L-2FF9TQSCUsR2WNNFhiPg9CFDQgjdSL-2FUjiqpda-2BxC5kL5poq-2= BAV" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b= ></a><br><br> =E2=80=A2 <b>South Korea's pain is PE buyers= ' gain.</b> The country's large conglomerates, or chaebols, shed a record l= evel of non-core assets last year, leading corporate carveouts to reach the= ir highest level in a decade. <a href=3D"https://url6380.news.pitchbook.com= /uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8a= qI77gJeXwBFE-2BYgbnIyFlXAX6KpZRpeQHZ44mQ-3D-3D5e7__Pr966knuaHmaw6c7pKvB-2BC= EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2B= sAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPu= vO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELE= JmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwOrlT13RbWY= GM0D6VjqJ-2F-2FxFw4SIAnEmUrgYofllOn9JUkmJPii2PHQ-2FI2e80k2yoW1N8-2BTqxzARlC= lmGlmLKgYzFQulXYGVre-2B-2B3f5o-2Be5bCTcQoujIpzTQlODMzCmEj-2FBanYLlgAU-2Bswu= y9Q-2FrCKBLmw8wOwAuleSz4ZK-2BAaM9kexjizVNKdq1GOzgrV5-2Fl6bA4h9QpVibb5k6UOjN= 81ex987iLm3CMVn3bU2Kz1VIjphSLHctvUsqFEfWQLqSMCm0Xa70rR18cp6eT2sPaB8" style= =3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read the report</b></a= ><br><br> =E2=80=A2 <b>While the focus of European pri= vate credit shifts toward geopolitics</b>, the impact of AI tools on softwa= re companies remains a concern. Market participants in Europe have been mor= e shielded than their US counterparts. <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzXAft8aqI77gJeXwBFE-2BYgbAci-2FL6-2Fz9E6yGUpWFJ6YPw-3D-3DpDFw_Pr966knu= aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vO= IU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl= -2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDq= zPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP9= 3I0kKwMn-2BRvWP-2FTInIB9f9ZaMYKRJwo8WxQT1FYbn5sFRHJJZWEUo-2BndsheRu0WCWbuFB= 17mHyHjNNDW4RzCGYCFdhhJcSzZ7uu15QFKfBdtLC3Q-2FGaVOdAaDGNPP-2Ff-2FsZ771GM0QL= 4AyQBNz2lpVcghVZaLaX-2FnPbEublghljesoYLU9FTCrPXPn9-2B-2BKoM6oA5O3m-2BzhheYn= 8jaFYAyRVr13uD9bXQkgR-2FChO83W1pniJWxVD1TfzUGZjwoc9JXn2Xig-2BVMU-2BW01UQ1oH= -2BvxSA-2BZSxh" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Find= out why</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_579225" id=3D"n_579225" 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;"> Yield-starved credit investors= pile into Electronic Arts LBO financing </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><i>By Sean Czarnecki,= Sr. Reporter, Distressed Debt, PitchBook LCD</i> <br><br> A moribund buyout market got a shot in the a= rm last week after Electronic Arts wrapped up its $55 billion deal, the lar= gest LBO since the global financial crisis. <br><br> Investors piled into JPMorgan's order book f= or a total of $50 billion from 500 accounts across loans and bonds, accordi= ng to sources familiar with the matter. <br><br> The sheer volume of orders fielded by the ba= nk underscores that the LBO market, while slow, is not dormant.</td> </tr> </tbody> </table> <table lang=3D"x-content-area-bottom" cellpad= ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table lang=3D"x-image" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td align=3D"center"> <table cellpadding=3D"0" cellspacing=3D"0" bo= rder=3D"0" align=3D"center" style=3D"float: none; "> <tbody> <tr> <td style=3D"text-align: center" align=3D"cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbj8yLJra= Vqvf7eBOiVK-2BRDA-3D-3Dnw0-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ= 12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8w= NuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0B= C9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwPIuLAjHsZwFdWa5TOEzj8byFeby-2Bjrk= DbKS1QRWul-2Bz7Qgb39coNbYt56lzSKwJ8IM40Mcd-2Fu1iqcofx8WuW0iI7fLJa3ETTN821am= khjmL3qRjwda5pzYgu8sz3X5njyFowLJkWs0ksER877adecD6C2YusQmEX5U1N8sWIdqwJ3ijeR= CPvBr57gMYanrlGg3zON87EowyFPm027HRn4k6juPKZWjmwclKAV5SBPedWjKwmxxtHhUH6VCWU= XQyknv-2F7o7rgqQTn-2Fc6NMLFxaj" universal=3D"true"> <img src=3D"https://im= g.pitchbook.com/news/73510.png" align=3D"center" alt=3D"" 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></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;">EA agreed in Septembe= r to be acquired by Saudi Arabia's sovereign wealth fund PIF, which will ho= ld a majority stake, alongside Silver Lake and Jared Kushner's Affinity Par= tners. The $55 billion take-private was supported by $20 billion in debt fi= nancing. <br><br> The Redwood City, CA-based video game develo= per and publisher behind Madden NFL, FIFA, Battlefield and The Sims, courte= d investors by positioning itself as a safe harbor in an AI era, highlighti= ng its scale and its above-average credit quality for a buyout target. <br>= <br> Sources said JPMorgan won over skeptics by p= ositioning EA as a studio and publisher operating in an industry with high = barriers to entry, characterized by massive audiences and the technological= demands of multiplayer games. JPMorgan also pointed to the company's hundr= eds of millions of dollars in annual licensing fees. <br><br> At the start of syndication, EA and its back= ers sought to maximize the amount of pre-payable debt in the deal=E2=80=94m= eaning the company needed to offer a discount for the term loan B tranches,= which can be prepaid. <br><br> As a result, lead banker JPMorgan offered th= e loans for 98.5 cents on the dollar, a relatively significant discount to = par. That effort appeared to pay off. <br><br> =E2=80=9CThis is a safe bet in a world other= wise full of questions,=E2=80=9D one source said.<br><br></td> </tr> </tbody> </table> <table lang=3D"x-content-area-bottom" cellpad= ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table lang=3D"x-content-btn" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0"> <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-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbj8yLJraVqvf7eBOiVK-2BRDA-3D= -3DtASF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= RzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkW= uMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2= lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshE= EveCzUzfSbxp9GP93I0kKwNYrt3Dno7bZ-2Fs03lhxEKqcjVgToNzImLGTnjpPjXrGfWn-2Bj5C= WAWrsck1xKfCypdKzeTV9LrIj5YpTue26I0w9KY88Ph9yEACCvu8wiPQgnwSJjz09krjzVpTxlP= YQ0Cs3wxVRj6DPyL-2B0qI-2B0XxxPYYuXkusMdSAvwaWxiw92E7G3-2BIQ52dQyY16eqjSb9tT= hKhsv8WQlfWCiOuwM9WOF3UF4OzOwfZwQJub6FNQg6JPKmXvDsNyCfF-2BiFQc1F2ZGHUFgJh4k= eixEdG-2BxTu8X" style=3D"font-family: Roboto, Arial, sans-serif; font-size:= 18px; text-decoration: none; color: black; padding-left: 3px" target=3D"_b= lank" universal=3D"true"> Read more<img src=3D"https://fonts.pitchbook.com/= newsletter/arrow-right.png" width=3D"24" height=3D"24" style=3D"vertical-al= ign: middle; margin-left: 8px;"> </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 story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBF= E-2BYgbLNWEJT0iFbicBuql0B4AQA-3D-3DaBky_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY= L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3= SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-= 2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpa= KiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwMRtn-2Ba45sx-2FzbD-2F= Px9xo2-2BBptn7esWgVmiAk-2BKy7dKS3zDvvzLUqP725If5bikS44EDp-2BEYPeWHE0OCbXlNQ= RqP3WNmxUgEkVg1QfSqpVb4IU3TDjrzjtDmDhdvnfikQ-2FPjdJ-2BEBfZ4o5bSb2YE5-2B21h5= 9rR6fQLC9IptJPRev2hROKTZNyy0Ol-2BNq8V-2BA7J-2BBlnhbOPTK5tRzIuwASUd3n9a4CDUH= rSNVm6A-2FdFLRDrkVY5MkRnmdZtV2upqQyethjJ1QTcE-2BBpr6Akz6IDH7" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">EA=E2=80=99s record $55B take-pri= vate underscores PIF=E2=80=99s long-game ambitions</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>A look at Waymo's exponential g= rowth.</b> The autonomous driving company has skyrocketing ridership and is= now providing 500,000 rides every week. [<a href=3D"https://url6380.news.p= itchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzXAft8aqI77gJeXwBFE-2BYgbVTdicaxxiKTuZ4e0rrR7-2FQ-3D-3DDqkB_Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGt= N7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFd= hUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tE= Pevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKw= PZ906XOo6yk9-2BfI8PtDt293hgBkYoHit3jnO87TBF5cgxGZTBQTmPZoF7E6a6bFhOmHJkJ64Q= 5hSkgzKppK6dSAdR9hPQYj1O7s-2BdXfNQViRwYwvRbFRZZ-2Br3FJIhAvCZ8tmObm01sdCxQ9S= bE-2FYrj3bjmHFCQjCz6Fa7wi26ndA1Nc3zvp3oV281eaezwTsX7kl6qUupoFG1m-2B3e83Hoy2= v0gprlfhqI5WPSvu1V1LsNpbS5TwyEMen5BxPTb69IKsq7WEg3i9ESKs1NRrKiw" style=3D"c= olor: #1D5080;" test=3D"">TechCrunch</a>]<br><br> =E2=80=A2 <b>President Donald Trump is signi= ng his name on your dollar bills.</b> For the first time in history, a sitt= ing president will have his signature on US paper money, replacing the sign= ature of the US treasurer. [<a href=3D"https://url6380.news.pitchbook.com/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJ= eXwBFE-2BYgbGCi5Xc8bcm2H33YxETWzyg-3D-3DrCkR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5= UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi= 8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2B= HSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhx= pVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwPTCrxTWGaNWZTNUY= LKU7EU5h-2FKZGY-2BTYGOk-2BPM5wzmABkgSp9qoPXOl6UAP6vXHn5Cp9OA1dtr-2Fkkloiogj= a4KnOugwh-2BO6pQhigpnkqL9KTa9dPOLkUqtSx9-2Ful-2FM-2F3kYSW2U5IGROTLWuQpcuL3o= itDInj3FIx7oGncD4IuCy-2FXiVXK6bnkjNiRZ1dJPqIf-2F-2BJlx94HfHggmWo4a23LBlteed= o-2BFZzaIj-2BaWNTvuvIXFlG7PZ8P4n44wTvAovh-2FW1EhneLVozJRey6-2BvXsP9" style= =3D"color: #1D5080;" test=3D"">Reuters</a>]<br><br> =E2=80=A2 <b>Sweden has flirted with the ide= a of adopting the euro</b>, but is it in the country's best interest? [<a h= ref=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuyl= w7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbhf1PMwsNILySIlo98b6J= HA-3D-3DjD5X_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY= A68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvU= s6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txV= KfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0= OFshEEveCzUzfSbxp9GP93I0kKwPlJu-2BOlW2pKtYWxijE5ZL-2Bj2IxRHTiTN2CUGmF63bLsa= 5l6fZQ5W-2B9DutMTa-2BhzG1su9nnrd8ymwOjXBCAuIHYxZVgQcdEGXQFCoQa9Gk4gJ93gNmip= A2iG-2F-2FxJBOF-2BAPolkY7WssaPJnbjQSazSqFKSd56bIxcxQoV-2F-2Bv0vqPccyws6zEjK= wCeK0HqY-2BupKmzjNmllIs3sWqlozANTLwfC7DexoBPmo4WEk8LQHDwVT4nOluQpcwH-2BEDUH= xp2UhZcrXfIHmBpQCy1FNkisoPg" style=3D"color: #1D5080;" test=3D"">CEPR</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: 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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;"> 125 </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%; 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</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;"> 6 </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-2BaqM7ONnvsnswouzVC39GW7iLUoKaJrrdM9eTUUIxK4c1pMwfXwp2eGms6AA-3D-3DBKx= i_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtP= bsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2= FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5= HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzU= zfSbxp9GP93I0kKwPhhEkGkTDIee-2BLYNhUsKfrlrAtjZCLP5r9-2FRCQumSDWriQ21FgY-2Bg= Zq6VSAcRwXcQgYvKCYkHhNs1gntqFng2UpEpnjPuGpV5eFuSiXJItV06a63D0JC4-2BklmB-2BG= 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#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_579209" id=3D"n_579209" 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: 2021 Vint= age Global Secondaries 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: 77.08788806296457%; mi= n-width: 77.08788806296457%; max-width: 77.08788806296457%; background-colo= r: #1D5080;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">17.63%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">22.87%</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;"> 0.10x </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= swouzVC39GW7iLUoKaJrrdM9eTUuiL9BmrJkykkZ8dlU3owOw-3D-3DDn_2_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN= 7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdh= UINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEP= evosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwN= tre-2FGCS4yZTC9odfS4xn16Kc4KrwpBVDNdrMF-2F780b5iTzRNfT5BXn7yG0CJcu4jEAcKTrg= HzTf77vg6Mpy1hLKP4TvtH85jYRY2dqHDkfvohADzQ0WfSxf2rS1quadwpHhNveh3Q5C-2BDJ4s= 25zaxHwZhNKFzRQAgOYqE0-2BtEghxkZEcwWWvIj2g47eGizjSTDwAXXwlTq8vOWoCE6F5ThCJM= FJkGRtMb62Ik67FqefyaRHmQZBz-2BGY8DWvEZ5fZCWYUIFu6OvBHgYVCeoiOM" style=3D"fo= nt-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Glend= ower Capital Secondary Opportunities Fund V </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= swouzVC39GW7iLUoKaJrrdM9eTUXuvLmy5-2FAcHo1W7x-2Fz2-2FPw-3D-3DPfC3_Pr966knua= Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOI= U5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-= 2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqz= PO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93= I0kKwOfYK5PATgWYzQxZ8ZgppEsDgJWhkAZwBewBGuTlPCdKw7cPGAP8RXDEqH-2BnkmB3DMvMD= Dpg0C0asesSeiJKYO7Fu32csenaXd0PjwqYTVl-2BW-2FVgTDJJaQocQiWtHYHNFBRHLTv3KX3s= q2-2BXx-2F6HDmB-2BYR6y6C2Wj1owoqaI3RpKDGOwMJ6k2SbamZpmdUyJ8d-2FtDztT6LYl4wB= dV94lX9uFOWriqra6UNUoonWuwt-2BzvWwIoAwN8coEAoPTktM97q7rO4-2BEnurQkOCyN-2Bxt= 7UJ" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universa= l=3D"true">Banner Ridge Secondary Fund IV </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= swouzVC39GW7iLUoKaJrrdM9eTUG3u5NkwwKl8egLVRuAarcw-3D-3DBbsC_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN= 7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdh= UINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEP= evosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwM= chYj2wEhVGqNMCIFvfTpD29iaNV7TpK7mUtZqBREvCykW-2FRTxEw3M6kXn1aT3gYtyiI1-2F9E= YYn2TuWAFcp-2B1V4qkdgwpJG74rwMpinIZ6cxvdwMLluAiZzEOZI1gunRgJrZ8Pldo6T3cYIK8= hgDzhkS9PxYpfVM0w3X8EagsS-2FjXzZSK9w-2F6hz-2FYaeE-2FEtAdsNPMpMqQQiE5XqVEWV9= Ioc9My4qDvOb07RRJd-2BfPRDlxsnTIirjOqxYefb0HTpigR1F5lxWS8-2BznF42OI9jmp" sty= le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru= e">Patria Secondaries Opportunities Fund IV </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-2BaqM7ONnvsnswouzVC39GW7iLUoKaJrrdM9eTUq9ihD5= q3sTEoNLcNtu6klQ-3D-3DCG1j_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi= QVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ1= 2MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wN= 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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-2BaqM7ONnvsnswouzVC39GW7= iLUoKaJrrdM9eTU7dxmyn6llqq9pQRcBqzqxQ-3D-3DsjMh_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJ= hAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0= -2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJma= KhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwNfXAYGSBK02DW= J-2BmYLCVIeUplDELfIP8xLf0Jb9SG8I9Ip8AlVF9rX3W0lymVAUmmwv8s0-2FF40zQ8JjaP5H3= Hf80ux08uJZOwSH9qsoW2KOk1rP6XRyRXdqyCvflX5-2FYXEpimQO0a82AERp-2F3Q4IFzLIEV4= gPhly1VHTKRGEWuZGAJz5lGdyLWglJLYF9UUkwPGvCA0F3Z9Ly5fSF2sR0kkKQSgzQd2kylMDXj= pLMK2r-2FctavK0sRnyGMeJtVn9Sb1w5JoC59tDXxcX6MP3tPv" style=3D"color: #1D5080= ;" test=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-2BaqM7ONnvsnswouzVC39GW7iLUoKaJrrdM9eTU3q5qKcWqx7ywmDHGHpyXrg-3D-3DNJw= k_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtP= bsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2= 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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">Orbita= l data center startup <b><a href=3D"https://url6380.news.pitchbook.com/uni/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVC39GW7iLUo= KaJrrdM9eTU-2BvnWZPgl0HPNPP-2B1zEKsNA-3D-3DXrao_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJ= hAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0= -2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJma= KhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwNliohb5XHgKMr= DTFZEbxvdjQ-2FKoB-2FevLkcDVGPhN84rh8H4K1b5rqHW-2Bkl8PXSjQV2ROTFeuNrMX6-2Fo2= 062CdjUxHRIcG-2F7a2MkoN7hBVQZRzRHHZhVmkw-2BhY9YNDmEOu9CO91JGyUXqcH0Mls1NA33= njVph1eFgYVr02OIUb7amM1mWiu3Ax8zXmM6G4zPhrDT1D3fIR9iSGZv-2FCqL0ozsOJC9xM5jJ= LuDyXPMJh5MgoQFx7Qm3ifxc2X3d4QOt5NDqBT23IezjkCPJ5lvbJZ" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">Aetherflux</a></b> is raising between $= 250 million and $300 million in a Series B that would value the company at = $2 billion, The Wall Street Journal reported.<br><br> Stockholm-based rug company <b><a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzVC39GW7iLUoKaJrrdM9eTUmBNZTNia5TlJ3Lhqb42GaA-3D-3= Dir5L_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRz= EDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuM= lJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lv= Y2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEv= eCzUzfSbxp9GP93I0kKwMRoroHB6CjiCB9FZvpNfGSr4yM-2Fste2Fb272CNxoeWZoSv8yNb8kW= RP7ULN8NdbgL5g04NBlJL6cD9DGCQHXFawuui-2B93dP1FA6iryYDCRTPVm9wY-2BL8Bt3Bf7Vt= CIuofOKjGdS7Qwn-2F-2FthRBCgn2kbQ3hP8UbGBRFCWg4N9CWdl5f-2BFds0f0B-2BnGNAXxnG= 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N5D53S-2BfdvO5Lf" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Im= aginary Ventures</a>.<br><br> Tokyo-based AI startup <b><a href=3D"https:/= /url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVh5F3ab-2FYD-2FHdU89miCfT3w-3D-3D= qQOT_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzE= DtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMl= J-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY= 2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEve= CzUzfSbxp9GP93I0kKwNJoP5kqMpYJ-2F8ski54uFGBfWXXEHKWIq-2B1BVtizXr-2FnhZUGtDZ= fvHtQxLoZ56XnVIlelC87WhzfRZn6UVysYDtnpIpgUGyp2Z9ePwxJvxP8bsgjoInH010l65Useo= sf5m08oQoYSyPM2z6eARaO5Yg-2BYCKsEx1hFQfZaQ7wbbn2ayMsCRcCFfchCTS4Rh0gr1VLLYh= tjVWcmBk5996o5YZFIX3dTVgvP4siP-2FFkomPnOZKRfGopKRpkJdqi4i6YGySweq9dO5psV-2B= vrlkWaKxq" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ai&</= a></b> secured a $50 million seed round.<br><br><b><a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVnX3rmuLMkm8Hx42lD7RfAA-3D-3D_nZq_Pr966= knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng= 0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdyk= BGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0N= yDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9= GP93I0kKwPi7MQn1u7AytF73TeUfQuwn-2F27TwKjOnn31CmfXcE-2BN39prDGW6jOb2-2FMES8= Rg4ZfeIpNfJeq0LNAIZD6Z6RhPgnLUK3FN4lZrR37JInWSwK2AhI6RKeB5MpW4aIQJsEkJZj9XH= RWHd8-2BXxsTC487lvsCdv3VeRblj0E6u-2BjSUsknQbGBUmurQQlN-2BBaSEBZyHR3vR-2BngS= ayp69Se55KrBTiLQ1g2MtomKn-2FaAAPC6lmwt-2BmKesnnDl7ytjsXyWen5zeE11-2BWpY8S6-= 2FDVTmuQG" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Helix Ear= th</a></b>, a company focused on decarbonization hardware, received a $12 m= illion seed round led by <a href=3D"https://url6380.news.pitchbook.com/uni/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPU= XYm4JkMvbmV6eAH6jdlvFVdk5KcQjYuCA-3D-3D1yaH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8= VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BH= SNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxp= VVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwM523IJNmAcvoTU3i3= lU8FX0Fniv5Rhu-2F2gqx3v39X-2FnGn8dLBnvs-2FMEkb3x7wEAJeqfvaef9B1Y6d-2Fvy4VFC= aMP3ZozVbp0pX9QksMHUrCEE9ddTnxlGy-2BbVo0alGES89h9rbyy451DAzNS2tzLgIXBR1zYBZ= T-2FY97J9g2Wedw7xRqeAAqdII8XwStGQL0fUXLM8k317LfotM5MmQ0RkByI5MGq3zHr1lsSfuV= 6-2Fd1LlKZCaxJOCDPNM2BB0YOBWpnOWiQ9dJ2mCmQN-2BEPcklR" style=3D"color: #1D50= 80;" test=3D"" universal=3D"true">Veriten</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579087" id=3D"n_579087" 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;"> PitchBook webinar: US leverage= d loans and private credit </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVUHzJ-2FTZlIQI= czcTDQcCNuw-3D-3DG7WS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZ= CXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK7= 1bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3L= zcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwMAymlmddrNNnNRrQ5R4CzvonYHBNLikYLuO6gVB= KkAfJZ4DfSDxZ9-2FxiNnn5GVWwYb2TDrQmXyATRYKzKg6abFrhG9cg-2Fs-2FT2H5-2FKVtwi-= 2BK7uiGS-2F6W547h16S4RAJYO0gfDqK7P0-2BPfuPIAS8rx4b6OOSBazQfUEMjB5oFREqx6pOn= FpZ5LCRnCx-2FLVAfWmSZkvSbF4nqf8gvmMpkXAzRT1YLdJovjoknHfHsPX87hhkhd19u41ajFB= SB-2BK1VUhfdo9vf219K1kfQxN7mEEZD"> <img align=3D"center" alt=3D"" src=3D"ht= tps://img.pitchbook.com/news/73467.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></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">Get in= sights about where US leveraged loans and private credit are headed in 2026= . In this webinar, PitchBook experts translate Q1 data into actionable take= aways for underwriting, portfolio positioning, and capital allocation.<br><= br> Negative returns, sector-specific weakness i= n technology, and volatile equity markets are already influencing the risk = backdrop. Join us to learn how these forces are reshaping leveraged finance= =E2=80=94and what to watch next across loans, private credit, high yield, a= nd CLOs.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVU= HzJ-2FTZlIQIczcTDQcCNuw-3D-3DqL5C_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaW= rpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2B= fNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVz= IDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwNjT7J-2FCqOk-2FD6LXBX-2BM6m= ngWOR-2FQqmZ2N6Bx7QiqiXjdFjXbucfFM91udYCidRLD8LjHEX7PhChzhaNzG1QcXwozgGCr9d= 4EDDdXV7Zb-2FcDI4LkfvsLhnvflbPbKQfTKoilDrVsMGwtIjk7cazOs5MaCCXi4dkgRftlbYUC= 1ojNH2TuijKLAxfozzMWQrkYoLqMDBwuvQPhrNjo88q1Vpp3DjxDCZCP-2Fco1CosykTMqsiu-2= FIUuriVNxg1Vd0ybNNA2U8fz5xpA5n0yyBvwgy1D" style=3D"color: #1D5080;" test=3D= ""><b>Register now to secure your spot.</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= 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sR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2F= sBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5H= Zvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUz= fSbxp9GP93I0kKwOZjhZxafEbKEIZ4p5EUyvamk0MsOzR9ENRW3-2F1cBpqvhdd5aQ5-2FSBZTx= M-2BUAXysGfozcLUDjp6kq5w-2BB3tKPpEKOiZOrc252e2Jy-2FagjzHgd3XLOhnZNeXcw6AeVR= p12VvGto1MF5xTaI3V-2BETnh1p-2BkGlylTAdRhnrc7lgyw396xhb-2Fe9zfofmj23rNKRmCdR= 5qQtZMaki-2BEvhfauOsP-2FzZCNy4fs8eiZvjNhqzTCCKvn2jH9m-2FDl4-2B0F2jLGQnch-2B= R1-2FMn675wwzhfy6ibOO" style=3D"color: #1D5080;" test=3D"" universal=3D"tru= e">Sunderland AFC</a>, Bloomberg reported.<br><br><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVq1CMEr2K7fy4o6RJxN9PJQ-3D-3DOdbr_Pr966k= nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0= vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykB= Gl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0Ny= DqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9G= P93I0kKwPfYMdv0FzousPkwd58YEhi-2BOdttVVT2SFnMjfiH3wo4y5ylmWjQZkDcv8LS0MlPB-= 2Bso7Vf8SLCfNqEuL7qitoRGMkXQfLmPZ53LLQoyjhukeU666vZ6t2O2yBda2JKXXUYa3yNBxA9= 3n8Qdw0dPV8tueTZQb-2BfBy-2Fk3XswtAmtH7so9RMQQ5nrz8rygSuVAErSEfIwdnLAG72q-2B= vQA1b9gG3TQ0SJEOpkZPeFE4sQqWb-2FdbJ-2B-2B7rr1bpnY7lsdgh5RQNJTTWx73PxVvDF-2F= qjm9" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Aspex Manageme= nt</a> is in talks to acquire a 10% stake in Berlin-based <b><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VDDTgiqT9aKbbq6nlrmxhcuA-3D-= 3DyuJO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR= zEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWu= MlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2l= vY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEE= veCzUzfSbxp9GP93I0kKwPrfRF3cJ9Ue5aSPRIjraGEJJO9w40A5ymHhzel8QnL608vgw6RZfsp= BsqohdK-2BZjkB6Ah3UNJF4FAdDbV5Tyhl9tkV-2FlPgsOFy80Z3LpmPf-2BZ327e-2FV-2B9kl= WVPYl-2FHNSGuplm7uVjQ389SuFHjguEzWlu1SIMfwR010qjY697FRNmaW-2FoptzlGsNumix1n= 3vOlv2uZpq4DfvKXS5t82J4FrHdabQV78tqTODbhcRf-2FDlQlCXI5BdiFCjrwic10D-2B2Xy4U= iA9l45NvpD-2F6qRfIH" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Delivery Hero</a></b> from <a href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf0S-2Fw= R0sW41Qwvhhdg6VDIuHjopWh2CjXSXK1vYXWFw-3D-3DHKqn_Pr966knuaHmaw6c7pKvB-2BCEi= Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsA= JhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO= 0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJm= aKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwM6LkqDrH9pCD= p4Gb8fIW8oGLawJSxp3TUCpHk7NmmJ1hqZbHAozOSWrNosmSEYBTI7BWOZcW1t4w45-2F90qedJ= 1MZcGX9P03o-2BUJTJsdQ8eXhXovBxYsfkqDBj1vgaErIQK3kBiOJGYEI0kZCFLpd1jHbt1wjnb= 5AVw9XazwbVfKcxWfMbrOIZDsjPf9uLLXJ-2FSJ8ETEcvvpyx0YHucjdgipe4kaiOzhok-2Fi8q= dIezIy38VyNNsw4PX12FDjmU9kqBAp-2BwzvnuveHzNE6GPHf0-2F" style=3D"color: #1D5= 080;" test=3D"" universal=3D"true">Prosus</a>, Bloomberg reported.<br><br><= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VD-2F9TucxMX0VV= 9xphly7le9Q-3D-3DgSSS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZ= CXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK7= 1bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3L= zcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwN5QNH-2BerouGiq8qDmw3QueZuROwGIB22cKFC4= VOpWKoj-2Bsw3p-2Fdyfi3TqR7BnvF3bPd1WTAsNF5B1E7C1PqmMMr5OwSFcGNqTz6eEQTG3nj9= 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2F5a5g-2FJcjwqQSnY13VV8O-2Bq-2FsGd9" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Vortex Capital Partners</a> made an investment in <b><a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VDZEJr5xBws61Jm3QIR= azoCg-3D-3DjZpO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYI= TvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77= txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV= 3H0OFshEEveCzUzfSbxp9GP93I0kKwNzbuOuvSCyTVAS5hc-2BYW9QgyYBifZgjN3ybPqo6T0JY= p-2BrtziLeYi-2Fs-2BG5KXVuFx5YWnE8DFvbwxomAIUxBluddIlWerVBSE-2BqNc0s2yPjQMdf= T25-2BKzb5Cu7SLJRXepISCqRQ4rFMlZJbkgmERO1sOJaYuZYPb4-2B59PpyT035CpUQgG22cnG= PYKxdwwg7a4cWIlu5zakXW86kxL0Plm37NMbO-2FSS6g9e5KwEF3xoLsLucsjtn9bLMPKvl778g= EjDU4T5h8ZIxUiy1DqIG-2F-2FKD" style=3D"color: #1D5080;" test=3D"" universal= 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<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= 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7wwJde1quZtQ" style=3D"color: #1D5080;" test=3D"" universal=3D"true">I Squa= red Capital</a> selected banks for an IPO of UK energy and temperature cont= rol company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9Itkxz= sKruu4NWF9PE3c0D4zszmXQ-3D-3Djn2n_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaW= rpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2B= fNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVz= IDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwPp2UcHrccWRCJVI6eMJUzMwRxbR= FXa4DgpGVqTkw7I9t7Kbm2sv6oOqG6q1ZReg3mhu3ky-2BB6h6138fOF58dT1bZN9JHWbHUyjgt= ucv0Oua2TboX70LGV4v-2B7MBP-2FBFT5PMb75FzW-2BzBTPFdE5NKc5Q-2F1Tm6r3JUB-2FF9W= -2BNQIf-2B6n07R3xtBwR1-2FB7zoaveMZU-2FyWWmarSk2WIwl-2Bb21mwWV40zIDUl36mjist= yp7UxsAGmNdHsbG4sqVIS4oUrx6LufkBZK7k33XnGDoMmbb5" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Aggreko</a></b>, Bloomberg reported.<br><br><= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9ItkxzsDFm18Jir4OJAS84= QPRuQtw-3D-3DriJI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeI= YITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix= 77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBV= zV3H0OFshEEveCzUzfSbxp9GP93I0kKwNtYWvkvTAW8gw-2BD-2BAFjD0QGj216amLdDqRVFGxM= w8ugq0n4TKjKF67UjdNSMgLuwWsOEwAV4OYYJi51J11gXJTPwUg4UI3kT23OFyPbVZuJCH-2FV-= 2F47aYhV1zfFfVu1LBDHVFg208TdsHMp7zlDouqYw-2FjtR9cZ4vsg98PVA33N3Z-2BhdTX8Jrh= esceY6h-2FVjDc7owChNhNcCzD3-2FZacHfV-2Faee-2F2r5H-2F6lBnTjWWlXv1nh2HxRAzanG= TXDMhhqTHEKrfOSaCa3pwJEGKxdD-2F10K" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Hg</a>-backed Norwegian software group <b><a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9ItkxzsryTWVmF7ATHMkouhFXEFbA-3D-3Dns6= d_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtP= bsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2= FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5= HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzU= zfSbxp9GP93I0kKwO-2BIsUVIb96ZWlebyXXKqgLSfx1kLQI4r7wSHWvwTvDlT9l3JnKRB6bUjw= 0kDEjAbauSFzCGXAOoeH-2FrIZ2-2FVaKlzjWlbR7t0ZodCXTn1rpgoTku8WTIxKs7wMF95pZ-2= BgEQeU-2B6DLeVUiV1def44km8Q67Pg0nGm1aLoDBJqo26ew7UvJq-2FRLCGP14mMN46JuuOpyx= g4DZn6pEM-2FARFmheALIzxoN-2FDEGm-2FaHlkN6p-2Fzb5-2BzosHa8y5jhiKP-2FSNeLfxGk= pPDpogcHgJaXVENHSo" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= Visma</a></b> further delayed its IPO plans to 2027, Bloomberg reported.</t= d> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>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-2BaqM7ONnvsnswouzXE11JY4togrJHsBMDEYO6LzrG7KMetVPGLohodj= opMjQ-3D-3DsqAf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 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Gl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0Ny= DqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9G= P93I0kKwOg8JPAsFHHj4KwU1Jq-2FsrvB-2F7qxy2ekjp-2B7QzceyaPgesAvRy3lLjiMnclkwu= 0m0j3jBP771K2GqZQXom3Q4sOUYknlUM4h-2Bn92Z9Aa9wPUpTbJy1kEfLm67YY4GPxFLAoZ-2B= r-2BouqEHUib9KIIh1mztYpdDofUFlco1rPerYd7UkITcMRypboM-2BZz0GlsH4lT9OGo7Djnk6= b25gRxtAiQXHPvkPNF3g39HidCbcmqf1vyzXsbsPjdxcwTKdDMLUY5CR2B-2BkUjDKH5muOMeNJ= K-2F" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Thrive Capital= </a> that focuses on AI applications in services industries, is in discussi= ons to raise $2 billion in new funds, Bloomberg reported.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </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>Corporate M&A</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">Alcoho= lic beverage companies <b><a href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE11JY4tog= rJHsBMDEYO6L7ps58kMg-2FSfqBgY-2Bl2KZ6A-3D-3DqLTa_Pr966knuaHmaw6c7pKvB-2BCEi= Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsA= JhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO= 0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJm= 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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-2BaqM7ONnvsnswouzXE11JY4togrJHsBMDEYO6L5uPCkTisG= W1oe759BRslpQ-3D-3DRHwV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGtN7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12ME= HZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFdhUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMU= K71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tEPevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj= 3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKwMORMLEY-2FdTaKIdDaYOnG-2BM3jJY-2BUfBD= 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investments and 13% of the outstanding loans track= ed by PitchBook, the sector's troubles tell only part of the private credit= story.<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzXE11JY4togrJHsBMDEYO6L5uPCkTisGW1oe759BRslpQ-3D-3Dd6bI_Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRzEDtPbsR1gng0vOIU5bGt= N7V6kWw-2BsAJhAi8VkO3SI3JaWrpK4mZ12MEHZCXeIYITvUs6CkWuMlJ-2FsBFdykBGl-2FzFd= hUINmsgGPuvO0-2BHSNs-2Fx-2BfNro8wNuMUK71bix77txVKfwJ2lvY2k5HZvgs0NyDqzPO0tE= Pevosb7ELEJmaKhxpVVpaKiNGVzIDeS0BC9Zj3LzcBVzV3H0OFshEEveCzUzfSbxp9GP93I0kKw= Nun70Rtyqz4keSgFfGJEt3dmqIxmOVUZHKLYSyYAAYW5lfNC8MIFQEUWwoBIl3uRdhZM8f31RcW= itXS9KwFTcWlizk5jxjBpLy8VzgFjhpEQ-2Fp-2F6Z4ApNXFxNnWXjpy74AV-2FgidqvXrQR6-2= Bt2B90g-2BbJcdmRw6D-2F7RVqXzKMoYMiZfZXRydEJysbp9IOJ8XqD45zbxbrZ6ahY9PVuRXeM= CPKjV84WRBzJuCpLjfh3NoOHQiRaRQbvoPuAtfFgzCSyvbLxjAFaN3KzXtCsBQcKw" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">Private credit is bruised, n= ot broken </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> 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