Google
Edit File: 1775988758.M584814P2831082.server-619288.prediksijaya.com,S=80387,W=81957
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 ZFIYIhZw22nqMisAf7/9AQ (envelope-from <bounces+28456106-0cb8-most=ponjosonek.com@em9314.news.pitchbook.com>) for <angker@server-619288.prediksijaya.com>; Sun, 12 Apr 2026 17:12:38 +0700 Return-path: <bounces+28456106-0cb8-most=ponjosonek.com@em9314.news.pitchbook.com> Envelope-to: most@ponjosonek.com Delivery-date: Sun, 12 Apr 2026 17:12:38 +0700 Received: from o2.ptr812.pitchbook.com ([159.183.175.69]:57590) 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 1wBrnx-0000000BsQG-3AxS for most@ponjosonek.com; Sun, 12 Apr 2026 17:12:38 +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=1775988716; bh=+dZcOckmLfN4/W6vHFaoGxkw0K9FTV6FEkLr9Thjt0k=; b=I3gH6/lwVS2vzvWO+ilCLR4U5Mk6wWjXA4Uj6zLuHYXORsF6T+rwG4Jr11AWQalky3gY 6zY5TYUCzEj5m94eqqVrHQiJ+HxCtsH7ciMHHwA2VlzX/7uz36V/rOM1aPlxtVt7n49L8/ P3QjhAf8fto2HASr6Zucon0ljHT/B+nKW/7VLo1Jhf306m6u7XHv2BDonxi1ojl5rQABmn sfo5V1wfnQgj0HcW0Lmck+6huGp82359YyFGug/f0eQdv/kFkuwTZcz+hgfPFme1c6HONl djylZuccMzF6u1bNKp6Og7sE4b3gf3VbZ2xlrt3V6kRogDGWbOKUvj2y4Sr3fMHw== Received: by recvd-85cc48b969-tm4jk with SMTP id recvd-85cc48b969-tm4jk-1-69DB6FEB-F 2026-04-12 10:11:55.17659631 +0000 UTC m=+148082.957825828 Received: from Mjg0NTYxMDY (unknown) by geopod-ismtpd-7 (SG) with HTTP id ZZE74VW0Tde8CQLoTOXT3Q Sun, 12 Apr 2026 10:11:55.172 +0000 (UTC) Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Date: Sun, 12 Apr 2026 10:11:56 +0000 (UTC) From: PitchBook News <news-noreply@news.pitchbook.com> Mime-Version: 1.0 Message-ID: <ZZE74VW0Tde8CQLoTOXT3Q@geopod-ismtpd-7> Subject: Who will own AI's memory? 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=3DEEDOFVR6FKF66=3E?= X-SG-EID: =?us-ascii?Q?u001=2EwjHNPkoEd0tti6dH8mhCZa5d7rLdiAsxLgSYARk73rxHPd3Aqlcm2Tnrv?= =?us-ascii?Q?pNBcRMFNFcwVOs7OA=2FjzaFr76g=2FikImOZeFKrgk?= =?us-ascii?Q?lt28HDtuYu7HPT4bmeSIq+qpO8y1BW1DhH+otiv?= =?us-ascii?Q?3sTEWwqCQt0TFMuWCQfOhUwZtKg2w8Hp3PtxIxy?= =?us-ascii?Q?dEqDvAD=2FQy7UGfcATA5bly0m+wrgjqDi6lHZclE?= =?us-ascii?Q?2IqgWCDY3I=2FhSbRjHn=2FRlk=3D?= X-SG-ID: =?us-ascii?Q?u001=2ESdBcvi+Evd=2FbQef8eZF3BkHPbHrJeuGPzvOHsWsFDrWeFBXkcRaExZ6jt?= =?us-ascii?Q?9Tg5uTf=2FS0oQ+KIXqhAdvASkASwAL8qivRefKeQ?= =?us-ascii?Q?D10qCihTBv+KZXe6KNKld5Vdx+=2FKTeVkjLBQ4ar?= =?us-ascii?Q?Ar6FexW834Lov7TsAsQLV+M1kJHvnePuxUkmb4f?= =?us-ascii?Q?ZMYrZFSBlY3Fsq+7GKLbQ6+a0fE9vYS2Jhc2uXG?= =?us-ascii?Q?GGLVgtLNL40ofAT7jnAX8ay9rNJBLcT1mveEZwv?= =?us-ascii?Q?GhpPhqPYSPh8r=2FjyewJkOx7tHyaeP4FVRdPpTFh?= =?us-ascii?Q?swNt4BmZzPukQZ6c4DT=2FSkUeEYxqfUjty5RmTq4?= =?us-ascii?Q?1oIhiqqVvipVVzGWxp2wmNT+hHxbvy1daukAj4N?= =?us-ascii?Q?W0rj=2FSw8nkuTisV?= To: most@ponjosonek.com X-Entity-ID: u001.YFoIgyol8PWrw0qKNaJxbQ== X-Spam-Status: No, score=3.0 X-Spam-Score: 30 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 Also: AI bills have startups following the money, how KKR's latest haul stacks up & more April 12, 2026 | Read online | Manage your subscription The Weekend Pitch (Adriana Hansen/PitchBook News) To g [...] Content analysis details: (3.0 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] 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 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 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_VALID Message has at least one valid DKIM or DK signature 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid 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 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;"> Also: = AI bills have startups following the money, how KKR's latest haul stacks up= & more </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;">April 12, 2026 &n= bsp; | <a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUZwd-2FwYQK= h6p9dfm0MJtYO1owsIni8uoyuBbl2gP2-2Fvw-3D-3DH8iN_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R29= 8zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2= StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw= 4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPV-2B6lKAYF4jzIaOmP-2BgI0uM76Kso3Bcr7dsAG= l3Z7c0alaAqtGlT4QjSXJN3aaaNtyMKZ-2FebwpGzznYPbMDiZ7T4DVD80PXLoW-2B4mGJbf0Ho= W1hDbNoyK3SqCO7EczjGVeU-2FSh0hUobQtFWGrgRbcgnJWm5VrgUgFMEyE-2Bz66wf5cc8TTpI= -2Fz6VX8-2Bz1cr-2BazcTkOyBytBDZHMNzmf35LY8QDGm9JA0Rb6vn02SHHt7z8IO7efpTRKYp= 9wyU9xcmYTsW9-2FXGmd4I9LFnL0Bgas4-3D" target=3D"_blank" style=3D"text-decor= ation: underline; color: #1D5080">Read online</a> | = <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2= F-2B0ZsygXiW0dASWMAkXrIC3kg-2BeC0SuDoyGjKHmOSdfo63E0RLyaXhmtZcu9qypgyxWwak1= NhA0fr1BvoSfYroDWM-2BVTS0oRt95U99Dcs2eVuP4ojBepwdZxNp_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORs= FQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce= -2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwk= sgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPa6rfk3RK6ZqOInZ1egpjag-2FbX7d05o2B= m-2Bkgc-2BDioepjZGVj4-2FeBx3-2FRZkyQUxPHAnhqJmzAiIXrB9XOqbZwm5-2B-2Bk53rsxU= 4-2FJhGE9G7-2Bf4fju660121-2FAHqwOBK2hMGo7vU5AazcO5gZLbdK9xUjsg5jfNvuAkLIdLQ= 6izRyg5cpR2xZZV3U92fhkunuFmJRsxUylP6hBc0823DMzf-2F6WNAnUUr5l2Zsl2sFXDEip20c= uTFK4MGaYuYWfcmVUjepm2uaWyUHCu4SllyPYftJo-3D" target=3D"_blank" style=3D"te= xt-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-2BaqM7ONnvsnswouzUZwd-2FwYQKh6p9dfm0MJtYOX6-2BcUJNeMHCHwsHoF6Fh= NQ-3D-3D8anG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU4= 8OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX4= 8b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KP= bhj5tmpim3sW2YVmHvTcb-2BPG2MBacz11YHEMqQPYPNZGQG556mucASzWiPsANCgLIzG-2B6Kx= DwSAvOhl-2BbS3-2BKIwiwuuDYAnAHJfs3-2F1jXK7i3OUTvycQpeGnPuOEu9SqCwifISI88DCi= 7Pac4sblUwkek9vkhbApDy3qXEmU1-2FiZuOXdHwrRtUxmM6Tilwy3gkHXEMpRvzrFtvrA2wuWJ= Hm5xcR-2Bvqh22-2BTvhPhLBEjnM9-2FqS1EyeSajL-2BoO0pbmt9Bn5R2TOXl-2Fs2snYo5VRQ= -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.pitchbook.com/ms= /pixel?userId=3D3DABLZ54MOPJL5Q&eventSource=3D3DZQDXJQ6VUBAECQE7XY5D5PSLQI&= emailId=3D3DSM2RTGDEKKKY4&emailName=3D3DWZSNWFXP2BBWOBOFVVLR2CURLA&pixelPos= ition=3D3DUAZEVU3EPI6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https:/= /url6380.news.pitchbook.com/wf/open?upn=3Du001.4Qe7VL981gyAPMxYoCz8CBKmv7ad= poGoGfpUfNDzw-2FIUFPDY6owZNjRg8mspgm8j-2FAnqryNkjQu02rFr6dpmPVOReE6MJ8BXi9H= DJUd6WEzRuIHyVSs54Bx2ttIdNk7o2HrCBZIlHybc9vrNUNE-2FNy9WgbCqbNMUfltUymXRmEJA= hR9rAW65BkHAd7RvGUabOTF5dHFlWmh3jW9swpiCFVAN5zFZ9nnDo-2Bnj3e3fGiuQBh8XfIi7G= IAWEyLSXyoclWvXDxTrDy5rMyF-2BQcY3iCiZ11CGyntlB8d-2Ft-2FsWqNNkX8CCCGiaCiHg9w= 3KAfEyCa7ZeuktUk3XNaoWIiUF-2Bn-2FHCtUsi6SV3ak3-2B5JujEHlKcKDLciMG-2BvmzQCDO= ArmEGP8VI7DrCP1hKGjOkcYyU-2B5bO7v4-2FavWjJjbilC1yhQyIWyDIZzBQq5VNEojaiLfvrS= cGxRUYAke8KTaY1Jw6VfLWtSgdHM5uQpyTjykLuMOACqq-2FxPWhbozdf-2ButdH7ZqgUHBKlLL= -2BwYNoU-2FZd5Xebh1nvqZLMWf90iharqDvvZ5RG-2F0RATr05pHYFC7iy" alt=3D"" width= =3D"1" height=3D"1" border=3D"0" style=3D"height:1px !important;width:1px != important;border-width:0 !important;margin-top:0 !important;margin-bottom:0= !important;margin-right:0 !important;margin-left:0 !important;padding-top:= 0 !important;padding-bottom:0 !important;padding-right:0 !important;padding= -left:0 !important;"/><img width=3D"141" height=3D"39" src=3D"https://fonts= .pitchbook.com/newsletter/pitchbook_morningstar_logo.png" alt=3D"PitchBook"= > </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Weekend Pitch</s= pan></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 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-2BaqM7ONnvsnswouzUZwd-2FwYQKh6p9dfm0MJtYOFlMP2lZ= D2JkbyDdnhpGyEQ-3D-3DHUkC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD= 6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPY= cd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMF= EwGyPI3tDW2KPXPzxY-2FDPodVca-2FSwhxb5H-2B7bCENFJmls8WJelDZUH0DZuVrDnuSAezaI= Mh24A-2BBN5BgpgGZKK5syIvHeYbMQrNwlRzXC1uToMmUmMaE5ki9qnHJxsd3fbmbe3Av-2B-2F= xFOSjU6Pf2Z6XtMgEIQMz8OZ5CrE5SVa0G34unRDUvPUphFCGyXFmdQSoihYwGc4B5OrA7XM1-2= BN7wtFWDTTRfr-2FwGKIPzIXovJAs1Ot9jgrGsGHlQYlpMXKs3xzzQufIrkzxETjQFEzYBa98Gs= c-2BYspuk-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"htt= ps://img.pitchbook.com/news/73702.png" style=3D"border: 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">(Adriana Hansen/= PitchBook News)</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">To get= AI bots hired by enterprises=E2=80=94and kept on the payroll=E2=80=94inves= tors agree it's all about the context and memory layer in those systems.<br= ><br> But it's not clear yet whether providing tha= t layer is a veritable business opportunity for startups, or whether the la= rge AI models will fill that gap, too.<br><br> Despite growing corporate enthusiasm about d= eploying AI throughout workflows, many companies are still figuring out whe= re and how they can best benefit from these novel tools. AI has not yet ful= filled its promise of revolutionizing all businesses.<br><br> "The value in AI is shifting toward context,= and every company wants to own its own context=E2=80=94every company is pr= otective of it," Vijay Reddy, partner at Mayfield, told PitchBook at the Hu= manX conference in San Francisco. "The holy grail is all the right informat= ion coming to you at the right time without you having to ask for it. Every= application selling into the enterprise wants access to the context. Now t= he question is, who builds it and who owns it?=E2=80=9D<br><br> The memory and context layer is the infrastr= ucture that lets AI tools remember things like certain processes, workflows= , preferences and relevant histories across a user's sessions. With that ac= cumulated knowledge, AI systems can give better, more relevant and tailored= responses over time.<br><br> Several memory and context layer startups ar= e already gaining traction and capturing investors' attention. But it isn't= clear if these companies will build enduring businesses or if they'll be m= ade obsolete by large LLM companies building out similar capabilities.<br><= br> I'm Jacob Robbins, and this is the Weekend P= itch. You can reach me at <a href=3D"mailto:jacob.robbins@pitchbook.com" st= yle=3D"color: #1D5080;" test=3D"">jacob.robbins@pitchbook.com</a>.</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-2BaqM7ONnvsnswouzUZwd-2FwYQKh6p9dfm0MJtYOFlMP2lZD2JkbyDdnhpGyEQ-3D-3= DltSJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFc= KV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx= 47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUk= Fx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPSYAXlxw= sUVUhUYucqu6nxq-2BovChlILcdEvj7tdpXLh4-2FHSTLrD5owDNwP2OwtE-2BLwT7sqFLel-2F= l3U8IjRS4hYHsYS-2FZdR4cOVJTC2j87ltWRsnTmYM6hNaK1edQ-2Bi7G45hbe-2BydUmwckTaQ= 0WEa7T8m3V3oEP6biMXLDaqK0ZD6qoyYPZ6-2B5oCXQpVZW-2FqIncRphatY6e9zXgwzUQa26nC= omkPNtKQ0blAmUiE4mRRdiE5Rimk3jR-2FF9VSHXWbDzORjQwnjoYLojN3x3xX1q7M-3D" styl= e=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-decorati= on: none; color: black; padding-left: 3px" target=3D"_blank" universal=3D"t= rue">Read more<img height=3D"24" src=3D"https://fonts.pitchbook.com/newslet= ter/arrow-right.png" style=3D"vertical-align: middle; margin-left: 8px;" wi= dth=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> </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 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_579423" id=3D"n_579423" 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;"> Create a bespoke data-driven r= eport with PitchBook </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;">PitchBook's Custom Re= search team works with you to design a bespoke, white-label report on a top= ic of your choice =E2=80=94 backed by premier financial data and expert ana= lyst insights. The result is a high-quality, data-driven piece that's yours= to use across campaigns, driving leads and establishing thought leadership= with your target audience. <br><br><a test style=3D"color: #1D5080;" href= =3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzUZwd-2FwYQKh6p9dfm0MJtYOAdGQCkiGQrE9a7KN9E0o-2F= A-3D-3DnwP5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48= OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48= b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPf= VaZDUo9itwTfkcmhs-2Fyl3nbzjysxT1Soye8kj4rKCVApOftYDAjbf1aNE1yajG6oCwAb3Pys-= 2FDvZKFdhcR7I0Ku-2BpixSwaqJHbimAkTxEZoc-2BoOiXeRxQaTJi7PqGV7UKogAonxG-2Bcey= RRbj7ab73mNV3jtpVS0nqqeQBlOUKvXEvAfM9N8vxMDs-2BwM8-2B-2BvGE2B5veJunBQmvwa-2= F6SJVPGY-2BfnYsNMzjp2a4gQptVn3Sr5RvODbBN-2BU-2FArPMg-2BYcxt0u-2FPeU0CiHwBn0= davAE-3D">Get in touch with the Custom Research team</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: 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"> = =20 <center> <h2><b>Trivia</b></h2> </center></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUZwd-2FwYQKh6p9dfm0MJtYOk2KiwI3= SMyfQRoASrnG-2BVA-3D-3DplRd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5Kkre= GD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpA= PYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqI= MFEwGyPI3tDW2KPa6Pq2Odl2MTjSY-2FuHYGQUk2oRIuWjB6DLTWmhvt4RcT7fAPTneVBeQ7s48= Z8vdaOmJJaFLEU1tYwUMCyoX4ihz-2FnViMTsimlH8ry1BUBkFtsR20Ifl0VfO6oPjzFExj3OPF= TEGyL4H3xeKRsWH3G-2F8jVfeybvOTvhtZ-2BKPWLX5AyWS4VvGBtH53gE8AE-2B4tDirMaYWY7= 26vQmE9V4i1svEpyElOLLyjrTBw40olqi-2BUWLf9ISrrf35c7bOofmmVjQ8cdeePykiqkWV8IP= hDvH8-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https:/= /img.pitchbook.com/news/73671.jpg" style=3D"border: none; width: 100%; heig= ht: 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">KKR's Henry Krav= is, from left, and George Roberts (Patrick T. Fallon/Getty 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">KKR re= cently closed its latest North America-focused buyout fund on $23 billion, = among the largest ever. Which firm holds the largest buyout fund on record?= <br><br> A) CVC Capital Partners<br> B) Thoma Bravo<br> C) Clayton, Dubilier & Rice<br> D) Blackstone<br><br> Find your answer at the bottom of The Weeken= d Pitch!</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"> <center> <h2><b>ICYMI</b></h2> </center></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">A sele= ction from our most-read articles of the past few days.=20 <ul> <li><b>JPMorgan's CEO is puzzled by the lack = of PE-backed public listings.</b> Investors are still hesitant to take thei= r portfolio companies public, but what happens if market conditions get wor= se? <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW4-2B3-2Bn8LuR4s-2FTCw9a2iaDmVUR= exbJAb9czdFJMTwKgw-3D-3DkS5a_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5Kkr= eGD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHp= APYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCq= IMFEwGyPI3tDW2KPVk2ptH9zdTtm-2BEZ0d64Kmw46viD1HoIX4WvlUG9WAO18edFSk-2FZSKjE= E9JaDL1FEMrso2E2w0PMkNEROeynsUgeAUAl1sSwS1EFDMtn0MP1W6ak3PVarG2i4bHqS-2F7en= O8uBxD0PtvFCkHiTrKPj-2FMVOWnNQ7V7JkopllrFv9P2N-2Fz3jXZSikKMnCtjrPcHBQx-2BQe= GT2GKHQmkqQAdWcDuLg5rmd-2BdBbR3Hz-2B3ZVLJ5j7yDJHG1lTtMuumCXv4u1f6nDuinJQDSm= mkQ2xRvb1M-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Re= ad more.</b></a><br> </li> <li><b>Private markets are winning in the Cha= mpions League.</b> With the tournament still underway, see the five teams t= hat have a VC, PE or private debt connection. <a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzW4-2B3-2Bn8LuR4s-2FTCw9a2iaDFrCsA1BGJoM7nJAMrSBNvQ-3D-3DO7dL_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q= 2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYi= l27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDy= y6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPV7D8-2BxSp3INMLkg= vVJVryG6xPPsEJ9-2BvOot76bYYnnUK6GvAwRrmREZhXF8M0lYaNLikCklCQ8kGazZYTmmvzfKb= 8J-2BLVWfNPylpMA9xl7BYZqeakyUerEusFJvvdEU04E-2BmvacAm8XgnyKY9vwSDQBwfjyEzRr= au5MzihkkMr01Vbp0pcePJgxKx2qhekygA1x7G3-2FIH7bMYpYWYsIKjI-2Bx5w5xL0cfPeoVcX= tihywi3Odyqezlt7ItvBOfApMYpt8zEaEHgEhLkIJ60KPhWI-3D" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true"><b>Check out the bracket.</b></a><br> </li> <li><b>Are Canada's pension funds using the w= rong benchmarks?</b> Known as some of the most highly-regarded institutiona= l investors in the world, the Maple Eight's recent weak performance may not= be exactly what it looks like. <a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW4-2= B3-2Bn8LuR4s-2FTCw9a2iaDGvpROihL2G-2FBHlZhm-2B-2FeiQ-3D-3DjZ5D_I3w5d9c01gkD= 8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FH= xpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1= -2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtx= GfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPe7vuP6hG3pO-2B8UUENHAR0o0= 66gbAKWePaUqt-2BVN4pdNctaIce-2B4XXR-2FDrtVqPXVGjWgFyaWMDFPzGcCPNnLCYuAbbo-2= BzW2KLHWqRRCap3YTSyWppU83537IKlmQw0yYBPc9ZuSGQQWOdut3VKhK9Ww7XGm5UvMr0MhitY= SIT6xqcUbrLikTOb43IrO4LWcgg7H-2FgcjOQ8l-2FpGw6X0Cook3vNkAS-2FYVpWYtQLu98NY9= e6mOCMjGeRPCOrDkictxRPY9UbLLvnLLgzUHlKEuteHE-3D" style=3D"color: #1D5080;" = test=3D"" universal=3D"true"><b>Get the story.</b></a></li> </ul></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"> <center> <h2><b>Quote/Unquote</b></h2> </center></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">=E2=80= =9CMost companies have limited visibility into where their AI spend is goin= g, which models are delivering value, and where they=E2=80=99re burning tok= ens on low-impact tasks. That gap is driving demand for observability tooli= ng, and it will accelerate as AI usage continues to scale.=E2=80=9D<br><br> =E2=80=94Derek Hernandez, PitchBook analyst,= discussing the emergence of LLM observability startups, which help busines= ses monitor how they use AI. Read more about how developer operations start= ups keep defying broader slowdowns in VC investing <a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzW4-2B3-2Bn8LuR4s-2FTCw9a2iaDkQuku7pFRgzEr3faFnumzg-3D-3DV_tT= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV677= 4n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivY= rRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wK= VmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPT6xfqK5Q9oec= O-2FNfVsSMUPhQaUB3mvq4Bc7DEWERt-2FNRR-2BQnEQjn2vFw05rbsYCKaXaq24Ze2rw5-2BfX= XH3-2FgsFzcopGZVP33yya8LMAC4GNTgWbG6a0ufnht-2Breli-2BCI0krjT-2BQUIQidTUnzT-= 2BggKY1oNUzcEiihjoFwbGsin4UwvFX0xczlH5BiqEshGP7FLDZaNpf-2B5c-2B-2FuBfxOjG-2= FbBzr06D5ENFxDM-2FfLltLqG4RqeLXfSrtuvYbTFGdCZ72IqhdwPJrOutJpvrrfcgQiw74lydL= jwM490XUa-2FHPdJ8" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><= b>here</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> <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"> <center> <h2><b>Trivia</b></h2> </center></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">Answer= : A<br><br> In 2023, CVC Capital Partners closed its nam= esake Fund IX on $29.5 billion, marking the largest buyout fund on record. = Read more about mega-funds and KKR's latest haul <a href=3D"https://url6380= .news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq= M7ONnvsnswouzUZwd-2FwYQKh6p9dfm0MJtYOk2KiwI3SMyfQRoASrnG-2BVA-3D-3D2jSt_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14= Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkY= il27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvD= yy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPURTA9-2F-2BNJjRo= j254s5R6QDjYSKCoaJC1-2Fe6d3dR18YlhVS0LG5gXJRmSX7DCWJTCbAeAHdyrUrF5HP7P2doKL= KS-2F9sVxLramUgdOc7z6SSTLSBvunxxnRCwNLRPw3e3IoclbOQCUh0-2BnBfKjUp3JNRqu3Rfy= Z3Cjn-2BHEDE3KnozkAhX-2BE-2F32-2FdhyZCDtF4nIJ-2B74vbU0PIKFpyaghSeQ0C7newhqA= de6uRgsyhzYcEBFKTBhpnD8u5fmiNp6e9-2F2dkBvzWUH-2FjE8EmAbyFVtLXx-2BRN2Ku9P6Bi= zmh8J0PUN" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>here</= 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> <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"> <center> <h2><b>Sign up for our newsletter</b></h2> </center></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">This e= dition of The Weekend Pitch was written by Jacob Robbins and Nadine Manske.= It was edited by Kia Kokalitcheva and John Moore.<br><br><em>Were you forw= arded The Weekend Pitch? Sign up at <b><a href=3D"https://url6380.news.pitc= hbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW= 4-2B3-2Bn8LuR4s-2FTCw9a2iaDcY0CK6HDV1O4bL6M-2FkwFTg-3D-3D1WM0_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHx= pD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-= 2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxG= fQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPRle-2BtiT5BistolNIrwQGXFQW= gn4ZPhKid8bC3cuFyBifc-2BXX9QP1h8fCV7bTeHnd36V-2BsSUbVTwUq21XPlNiL1-2BNGlvAm= 5uDjxCN7eK1x9wIDORucOYN9huwMpWZ4PA0GqXKbRWKQPI6vrOvfhkJYpwrQaMBKsPDNfTqTVzT= VgxS3MZwR-2Fe0RufoR-2FUauJ3n4V2be1mh1Tk5bmbBtRwPg-2BGTIE-2BdjvxJJmg-2FMT5mB= chqP7jJ8d7LujtZNI7d7n3VOXMHUmmbyltvnL71EgFsIVEgJMML7PZpsZ866Ww7JV1" style= =3D"color: #1D5080;" test=3D"">pitchbook.com/subscribe</a></b>.</em></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> <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: 33.= 3%; min-width: 33.3%; 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;"> 10 </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:= 33.3%; width: 33.3%; text-alig= n: 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;"> 62 </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: 33.= 3%; min-width: 33.3%; 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;"> 43 </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> </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-2BaqM7ONnvsnswouzW4-2B3-2Bn8LuR4s-2FTCw9a2iaDbl1O2yMQBcH9I-2F3Bn-2BOdM= Q-3D-3DT2Gg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48= OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48= b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPb= -2FwiVmLTtlIJeO-2BcEGBiqyLtIjMA8J-2BJiLsGWJoUc8tX3XjXn1lWEk-2BMJIA79SENo-2F= o0pDiy-2BtOntWFJNsVyIMCFgzRWjOZlXtQMjULUEx3PwPBrkmQlEpsSwM-2FEgff4OvDck7xiu= n680OQRuGB8pl9-2BoFYKSTXYsHdiCyyghN9La-2FeC4ZeiYMfNvbp8b8JGhQ1X3SC4FLafe31u= A-2FQm1ZPojBNQPACEMifUoUMskD5-2BIqJcVaRGf-2BMiK304Mt3dE5TOQXnFiL8Elj6IswrAM= -2F312fumMLnwwPdVUH1iRI3" 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> </tbody> </table></td>=20 <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r= ight" style=3D"padding-left: 20px;"></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-2BaqM7ONnvsnswouzW4-2B3-2Bn8LuR4s-2FTCw9a2iaDmGj8U= WZ7DvnH3-2FvTFO-2BS-2BQ-3D-3DjRak_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2= y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeB= jdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH6= 9ykCqIMFEwGyPI3tDW2KPZL0-2F8Zd82Swl-2BGgi5F54Y-2Bi68MaVGWuRy22KdLU0fyo7BMZR= yIdca2z0dmZXOhI9vrOF6yTclRFsbxYR4VOCUgl61z5IugSBnDgTJcSGpRQdofQT-2BEn2AkRYF= IlQ9jr5DMdzN879o2nlKElQGfzUa0tCE3urgbz7lApgKR2OYntPigrulGgnuInK-2FzCAlcB23c= 8X9J7mKm-2FCyNeDSdVF9yrq-2Ff2P5n2wgRth4Z3ODPZaa-2BINtt4UzXwpD9-2FK1U8ETqEBv= fB3VS-2FzRybLRz4i85JlGP-2B2OF1XujsYyBfjztG" target=3D"_blank" style=3D"text= -decoration: underline; color: #1D5080">About PitchBook</a> | <a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzW4-2B3-2Bn8LuR4s-2FTCw9a2iaDS2ZIICBAkX2audr4peX7t= A-3D-3DABQL_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48= OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48= b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPa= bL67URYKS6nJHcw7pjeclDgRadHqKkI2yXNXvgsOGLt-2BF5IYdWSbYRSHDafMNtZT-2Fs8sQh6= ZjNsElm0rp9X20a55juH8MBtPoip7Iec-2Fe4RrH9bGRrm7UTzBTD85wZMNfaixp3sISiNY-2BV= MqN5jFVqEGqXTNLfWahG7lDgNUSqtrFOLqzThcboW-2BRxZRgtJWMjg0TYuUAnjO0n-2B4SH3bP= DYl6MjyJpfae6huHvHtZEAxMtB-2FjGQMikNhWAmp9j6iAh5XP2m0KrZaZ3DjzrTYVxpLWzB1tG= Ll5giPsQZzP1" target=3D"_blank" style=3D"text-decoration: underline; color:= #1D5080" universal=3D"true">Terms of use</a> | <a href=3D"https://url6380.= news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzW4-2B3-2Bn8LuR4s-2FTCw9a2iaDt41wFrLHZeU-2Fh7ISyDGpIQ-3D-3DU8kp_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q= 2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYi= l27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDy= y6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPQv7dUPiE-2BhZcoxi= vXURkBcDuRPimtt8d-2FjwiR5qCMjWC5FdugZ4Kn2ozmQWjTFi-2F6h3TcfiNGH7DTBqZ2JmMFm= YnzcrDx9zKmNdKC9zNI2zdbMlGG05BVNqJsCLg4IRThxFTLuSfgIYG5cwx67OeezdNhQPK8-2Fz= 3RplQsegZDIZvguid7ILdn9xSsirbR4z9Ep5xLKtW5WUnu3qalgGO-2FSiieb4KAUz6neirpZn9= 5W8OeiyR48HKY-2BjaqZp9V-2FfEoTD1kNHXP3JvvbjjrA53CbpK33mOAE9ryPQnuo6MrTt" ta= rget=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Advert= ise with us</a> | <a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW4-2B3-2Bn8LuR4s-2= FTCw9a2iaDU6WuvCr2-2BsZtzqrOTMecaw-3D-3DJkKA_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zy= VxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StP= JkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ= 50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPT-2F-2Fsk4gKouTpdftrzohiqvsyMjV1Zyy5SPfdg32= YqJWnp4mK7EoEynzYIqpD6m1r84rTqu0ytmIJ26061BRQqgQbOI4nYNhib4rin-2FeU7-2BThHL= xRO0-2BCayu2TDyJPlqq7Qiz-2B8ek0-2BkOibqQlxddz1hXqHHsBFfaUwGfKczkOCP4QbppsGQ= Hp71S75Kqmmq-2FeWTS3F5wiS0AnaRlziHHFZ-2FsQvJot1YIjGU4QbFjhIpDVuNtVBPOmtc8Cu= SqbUcRJBsTWSJghFQC6eJRcbmzEUw0iA8nx3BKaOkBO6qsXW5" target=3D"_blank" style= =3D"text-decoration: underline; color: #1D5080" 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-2BaqM7ONnvsnswouzXdKoerX2QelhJOGgENciKLo-2BZ-2BSDcaD3PE6cNAjKA8nA-3D-3DzD= q2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6= 774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47i= vYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9= wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPZmTAr6uSCH= Hf71CupAuZfUzIHxXEDRSlenfB4RVRjmfd9XDWuy7fnVQ2fdo-2FNGGf-2BV6ncOGnME-2FwER2= pBIk02kbTvyzf8r786PwvpQ8M48IE2udAETlw3x0sLaJu-2BPbXQ5sNrTYEEjHb9eSBqvVkAS98= YQhcZxfb-2FlCM46JDmHlX5qnCHgNz50IofHTa-2FcQBFMad2fKi9UG5XD-2F-2Fw8mU1QJwEAv= ayr-2FhKI8r3Zv9MWD6D-2BNFnIbCiPbP9RTOnlaKGqGgEdakseKvzujPCzIJ-2Fa57CU1fmgyk= 1J-2BCLb39aan" target=3D"_blank" style=3D"text-decoration: none"> <img src= =3D"https://fonts.pitchbook.com/newsletter/linkedin.png" width=3D"25" heigh= t=3D"25" alt=3D"in" style=3D"border: none; padding: 0 0 1px; vertical-align= : middle;"> </a></td> <td style=3D"padding-right: 10px"><a href=3D"https= ://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzXdKoerX2QelhJOGgENciKLfGB-2Fc37JWsGf4op4GIRmCQ-3D-3Dsf8a= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV677= 4n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivY= rRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wK= VmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPRRn3GCXMsZgr= aVcVaQGwNO-2FAdr4h974G6XGHUbiZCyJ91jlQye8Z4kzBSOSLZP0EqcWIJLKxIe3-2Bii3dT0O= zCP-2FVou05bAaNnJthgwew-2F31p3qFv6C-2BSI1HlwcfTOtujIoaH6NgKjuJLbtBZlG5gpfMP= ibQllGpCCf7cppJ-2Bkr6l1sFMfcdOnPMNMianHGgXF-2FrZdQj6JQ0tk3sfHZXXrxqQIZ-2BzK= ovtU5OK62wpzbcfrEFP0lkH3l8OGEbCTwYLUldfv3i8i5UQRhQZAY-2FikKA3qXdpQabyEUgJw5= U8102" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https= ://fonts.pitchbook.com/newsletter/twitter.png" width=3D"25" height=3D"25" a= lt=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-2BaqM7ONnvsnswouzXdKoerX2Qel= hJOGgENciKLfyvKnyFCH29XHCKAJ67H6w-3D-3Ddr5A_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyV= xDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJ= kG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ5= 0bw5CoWzH69ykCqIMFEwGyPI3tDW2KPfKJjEh40XSxJHgCkd10TxXJJuZPHwPH9e4lafRNl32V1= 8STAhUMWdMUaaVyjRvsQaFEDzoPTO0o5gsArcQtzdpSnI7N2EFpTuylMQL95yTKSV8W4y6eA-2B= JCbZpekhv4AUQbNFk20rXjsH1BzR7WwYna5UFJzq9yJ5qRqi7GF-2FjvEp09y5QiohVVG47lfas= J-2B9wwparraDIQ2TMKTdumlXvHbGA-2BVghOVhOdzS-2BG6KQzEb5BrJmwjUZL7zjOGJWdHf8L= TF45n-2FiXWkuCquUDQZy9wOrYLeeggCt2Kv6uW-2BkP" target=3D"_blank" style=3D"te= xt-decoration: none"> <img src=3D"https://fonts.pitchbook.com/newsletter/fa= cebook.png" width=3D"25" height=3D"25" alt=3D"fb" style=3D"border: none; pa= dding: 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= -2BeC0SuDoyGjKHmOSdfo63E0RLyaXhmtZcu9qypgyxWwak1NhA0fr1BvoSfYroDWM-2BVTS0oR= t95U99Dcs2eVuP4ojBepwd6AiW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1= yZbcbdWeUgFVa0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreG= D6DA681xillQU48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAP= Ycd5aH4LM38qX48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIM= FEwGyPI3tDW2KPX9DSxxXE-2BXcq6VT6y4epDZEK-2BidV8Qgucq9HZRflOt4e-2FQXHuKijtz9= pCHz8I3GKWvB2unp1N-2FNaqIBNJUrbaNeO80edH-2ByPrTASdB-2F46BXpvTkb1EYmWwQIvhw3= eG4k536NRojg2bZJVEUalOWsR1eSpcvCtQN9vk0ThJEblIRn-2Bt8ZHg8UpewDQCkNfOD9-2Fzs= naLDev6-2FVJ5Rl1Bq-2BvPEhQiOop8b-2F18cDDTxUgoZNM-2BHg9iC7HGoImiXRS9O8D1U8E5= Hu-2FNxu8z-2BKM-2FHl6pVNaUhAiD-2F3iRjOMswS0i3" target=3D"_blank" style=3D"f= ont-family: Roboto, Arial, sans-serif; font-size: 10px; text-decoration: un= derline; color: #1D5080; -webkit-text-size-adjust: none;">here</a> to manag= e your subscriptions, or if you no longer wish to receive these emails, you= can <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrVRvnzbxJbWwDftsHe-2FnJ3PNCbp5fVdgUVvM0uKhBfShb0-2FXm4f84Oa= m-2FsIf-2BQHY-2F9cBWz93zxOvFSzafZw8LoNeS7HBprvPhxsRX659VZdcmKyMzD4eMk3ZOd-2= B-2B-2F0Y7oCpRRexO3AXTn7AxiLzOJmivwEHO-2Bq2iKtau8h9R73uVyLuUkjGLzEnvaV2IMbX= Bzw-3D-3Db7vC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsFcKV6774n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU= 48OKQuQx47ivYrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX= 48b93DUkFx9wKVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2K= PfvVWn9ikl8TNuhdjvD3jmPV8CUuj6bgMI-2B5u-2BIbWHNORWtXZ7DiZk0HwDr75L44ENhJxi-= 2Bd718CR7KSG9r6Cd9RzGEuNND3U-2BEP8r9zDFX8euXhGJdj8PkRFwwXZ1DH4m7mS2aUgJNncc= fUjv1H4GzuuRGINQjWBBjksuV8Uhg7jw8L03VmV1rK8eOpiLr3XvR1zevegJVxnWj4-2B7iLkEz= -2BEqQRPTWmNsSNdVIfrLqXrTIArH9xyoP-2F8fdvyRSQc5Q0yHkXWj0pXXbgqXzxWR3FZwQ0n6= KOtWZtptTYuDpn" target=3D"_blank" style=3D"font-family: Roboto, Arial, sans= -serif; font-size: 10px; text-decoration: underline; color: #1D5080; -webki= t-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=3D3DSM2RTGDEKKKY4&emailName=3D3DWZSNWFXP2BBWOBOFVVLR2CURLA= &pixelPosition=3D3DPED7RLFD4GN3BVMRTFQEHYZOOJCKA34MS5JA35Y.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-2FdXQL6-2Bsw8UD0pywE= Y_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFcKV67= 74n14Q2u9v-2FHxpD0VlORsFQ0R298zyVxDTdlDOVN2y5KkreGD6DA681xillQU48OKQuQx47iv= YrRkYil27YYoY1-2BAcy0ce-2FeK2StPJkG1bumRDeBjdFHpAPYcd5aH4LM38qX48b93DUkFx9w= KVmvDyy6PkCxtxGfQpq0gwksgAegw4mJ50bw5CoWzH69ykCqIMFEwGyPI3tDW2KPSeOVjNCDMdu= gtDogT-2FPQp7yNx7mEqcWVQDlW0hcJTTg2IEVy6pAkF17NX33lTHa-2Bc2JsLk6fuPT6IcIuG0= 2No-2BXLbZA8nLlFPN8zHrScvgvfTYB-2B-2BEXKGzBfvgliF-2F754Bt90HwXlnhFL-2Bo6eeN= SisRkhtj5wE1-2F7IplSdUgAnjtLgYpGRgEq14of1aViHl1i05IhvADBJbEEjJ2huVbNwvJIR64= D3xMkI19EdV44LX7JjXye56pM2fp9nOV2GQQS81VZEHA9Z1UyoFlvpVw0nG0SwbvRiW-2BviplR= K5k3Z2" style=3D"display: none"></a>=20 </body> </html>