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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 Some IPOs are roaring back; mapping corporate investors' big AI plays; agentic AI's inflection point; EQT's new AI infrastructure move April 22, 2026 | Read online | Manage your subscription The Dail [...] 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 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 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. 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} 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; 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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 22, 2026 &n= bsp; | <a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEbAIEB-2B5= jPowiYF8WWrATgVXFWwAztwoOygsbKb4EcA-3D-3D54-n_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mvi= YpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQh= oCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbn= cdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcbHxJ12uEzqUmvXpjVxIj3xf6twBz4VlF4StWkw= -2FBgiZqf6zfh08mq7dSTjbALehxPkPf7-2Fo1DFXKMv10YjsTMJRwBAQavo9LR0NxrHWwZm-2B= 9TU5PisZFDx-2BVt18cRiCEVFAZ-2FPDNYbK506U2Zg02f7Y5w1EDf2-2BqHpCX-2BGZEFOCywp= vCDUzgfS4L7XjBgbwBm-2FIK7N16x9fvRQ-2F-2Bzhgs36qSWFWUf-2B7JuwdskhVpsLgJNpOBt= gRQPLJUd6sCvpbrBFCEHNBsVT4q0brHq2MtWg-3D" target=3D"_blank" style=3D"text-d= ecoration: underline; 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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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Have feedback? <b><a href=3D"https://url6380.new= s.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWEbAIEB-2B5jPowiYF8WWrAT2FDj72hzInIJ2ec-2BX-2FLNZQ-3D-3Dr6D-_I3w5d9c01= gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgD= Uo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE= 6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIb= vqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6Vce-2BwEhZrMCYfW8u1D= yLYa-2F25VH3P-2BF0tCdp4vGOWo1hbreNLfPaIKqwGDDz7nfVbGCLHv9bc2Oli2c9mKcjxld7K= r3QY1a3Kwtdkemx05VEmXF9RYGjZKk-2F8JyKlfFv424cJWHzFP-2F9-2FdKEUUXGMZcKZvU2VA= fdZcNooj71H-2BLj42eT-2FD-2B3jeBdeCad5tgIXzpsIZpae6k9Cl8LOtT4jpEHPL0GmeWAaMv= FSy7bYKgBP4Ik8hzw6BxGlW8nY2kBGneZZyAEu6f8DajS3DFHgQQE-3D" style=3D"color: #= 1D5080;" test=3D"">Complete our survey</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_580047" id=3D"n_580047" 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;"> IPO activity is roaring back, = but mostly in certain sectors </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-2BaqM7ONnvsnswouzWEbAIEB-2B5jPowiYF8WWrATWY9mzI3= 11s39GFApUdVnng-3D-3DDhEh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr= 0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s= -2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVf= HoFmLLGw1pFacr6Vcfpo5PL3C4bIcewD-2FhXcZMvfCA7mlWHZeYgTzhsfAi1v7jF2AuP-2F-2F= QZNqoHwDARekjVECHkLQT6DMIN0pH974XDIiKxAMR-2BCNZoAqwzaIgx4cAbYRMxHvF7jebskyb= k-2FbKsXf6901uJdyasFnsLGv7spGMASmwvTmlGB0QHtfbIFzJ8QrtL0XY-2BQmCvXZCjLabXR5= 2MG63U3uEGaNc7cKP79HY-2F97y3QMuWFXSGWL6jmCCC1DOKgMBXjYbDeovmY-2BnQHREsA8KwI= 3y6SPTVYzZ8-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"h= ttps://img.pitchbook.com/news/73884.jpg" 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">(tobiasjo/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"><i>By = Michael Bodley and Kia Kokalitcheva, PitchBook News</i><br><br> There's been an uptick in IPO filings, but i= t's been mostly from companies in biotech and other sectors=E2=80=94not so = much from the usual VC-backed tech startups.<br><br><b>"There is so much sp= eculation and fluff around SpaceX =E2=80=A6 that I don't think any potentia= l issuers are really altering plans around that," said Lise Buyer, co-found= er of IPO adviser Class V Group.</b> "Instead, it's the performance of the = market in general and the overall growth of the individual companies that w= ill determine if [or] when they actually flip to public."<br><br><b>Stock i= nvestors last week drove the S&P 500 and the Nasdaq to all-time highs,<= /b> bolstered by stabilizing macro conditions and lower volatility. So far = in 2026, there have been 79 IPO filings in the US and 41 IPO pricings of at= least $50 million in market cap, according to Renaissance Capital data.<br= ><br> Kailera Therapeutics, the obesity-drug devel= oper backed by Atlas Venture and Bain Capital Life Sciences, raised $625 mi= llion in an IPO on Monday. Amazon-backed nuclear energy company X-Energy wi= ll begin trading on Friday. On the PE-backed issuer front, it's been mostly= companies in sectors like healthcare and defense=E2=80=94with the exceptio= n of Blackstone-owned Jersey Mike's, which filed confidentially this week.<= br><br><b>"If SpaceX goes [sustainably] well, I would expect to see a numbe= r of other tech companies</b>=E2=80=94perhaps AI companies beyond the megac= aps=E2=80=94attempt to take advantage of a market perceived to be friendly,= " Buyer said.<br><br> SpaceX, Anthropic and OpenAI are projected t= o deliver the largest year for IPOs, in terms of proceeds raised, in histor= y.<br><br> "If you're a smaller issuer, you want to get= out before that truck comes through," said Steve Brotman, managing partner= of late-stage investment firm Alpha Partners.<br><br><b>But there have not= been many recent notable instances of sizable VC-backed tech companies pre= pping IPOs.</b> Top tech companies may have valuations "too high to find su= pport in the [stock] market on the base of a money-losing business model," = said Kyle Stanford, PitchBook's director of US venture capital research.<br= ><br> "Even tech companies that have been profitab= le while going public recently haven't fared too well."</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%; 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"> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEbAIEB-2B5jPo= wiYF8WWrAT7EEs07moEmAzewWi-2BJ8VRw-3D-3D2guC_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviY= pOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQho= CFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbnc= dLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcXTPJAD5CD6hx4cysPWLB6V03LLH6ANSsAHQxb2d= fcLnOtfI-2B4acFOSDPI2gBTZG-2BUyJFjPxUdLCo9Atdq7m4-2BQSUt1nnrh-2Fs6654rjMIpe= 97o2YA6kYQy4zd3fOastnJnsVhjrkJbwsq4uFf7iie5Z2do4tFQ7Xwhj42VgEFyI-2FYeKW-2F6= LyTM8s8ZXfQPDyickeHC8dqKA8faCU-2FQz7-2BqAOYWs3tdLhpLZRjQvkOtmc6cXW8YU9ry-2F= PZZ2ppcB15DXrXZsJrI6pdZDtN9ur8Uo-3D" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Biotech IPOs poised for a comeback=E2=80=94but only for so= me</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from Grant Thornton Stax</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_579696" id=3D"n_579696" 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;"> Why IT Services is one of the = most compelling sectors for PE investment </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEbAIEB-2B5jPowiYF8WWrATUKnREaOhJ8MWH= FtMfBXHUg-3D-3D1EwH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmj= y8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6Bb= RAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLL= Gw1pFacr6VcV6lWrqDCk4JuwjSmCUQX9JWVHIo8udWyvoPw6QKc-2FptjtNjWoJW-2BRj7qucf3= llv7bde-2BIFFgPZEwD1ncC2HX8KZifRzh5rQw0uDJNdHncYUnJ5wiA-2BnmGj5bnMQPin8wqX5= DtUYkR6ISQTo5Z-2BGdGzUfosfR4-2Fcf6nsn7XV0Dqum8TVs3cRPNIxMb1PwLaur-2BMxwMDN-= 2FVScqRTZKosV7D3BWYFBtnaETxp-2FNumJvI-2BUi4Ah6RmDVJDeXOdtqDyajIYd5mYbn-2Fdf= w4-2FOOUa0K8I-3D"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchb= ook.com/news/73726.png" style=3D"border: none; width: 100%; height: auto;">= </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>The IT services sector is entering on= e of its most dynamic periods in a generation. The convergence of AI adopti= on, cloud complexity, and cybersecurity demand is creating durable, structu= ral growth that will sustain deal activity and premium valuations in the mo= st attractive sub-segments for years to come. But selectivity is essential.= <br><br> The question for PE investors is not whether= the IT services sector warrants capital allocation, but whether the assets= under consideration are well-positioned in a shifting market and whether m= anagement teams can successfully transition from product distribution to ou= tcome-based services.<br><br><a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEbAIEB-2B5= jPowiYF8WWrATUKnREaOhJ8MWHFtMfBXHUg-3D-3DU2dB_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mvi= YpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQh= oCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbn= cdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6Vcb6GlzjBSMrMpR-2FcOJ-2B7Gpx694Eazgg-2Fl= YyaV-2FXu71V3rf450aSxhVM7Wm72-2FtHuvnPTxnvIMDEjeisfxT6oJh32SGVP3DOKEB7-2BKw= PpymMtTneor7k7t8BoICjTRlbLjUttyt7x0zQ6NgAQ5jskAYvoMq9R8KTzLF8v5mRrYTdxw0AoX= yJYTMBtktb7vldQUZ6OEyjKqltLhr3vbvf7Qu9vJppROcF7uAxPVChYUwrjYQNZ5XgYp-2Fi7w7= cvwGgVXJqcyV40uIoqDxH4ZJsKHA0-3D" style=3D"color: #1D5080;" test=3D"">Read = this article</a> to gain a clearer understanding of the dynamics within IT = services and the viability for capital growth in a changing market.</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>Big Tech corporates are circling LLM makers</b>, jockeying to get an= y piece they can of the biggest AI startups. Our interactive graph maps out= connections between these companies and their corporate investors. <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEbAIEB-2B5jPowiYF8WWrATNqbqTJmzIo8DBLlvgsG= vKQ-3D-3Din0a_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8Sjst= eBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH= -2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFa= cr6Vcbem0y6r8lL5QpFbKbWZTrIrvwZUO-2Bm-2Fg4zUBwRANaPUIdfCO2gO-2Fibdor9UAb-2B= C9Ao-2Fod3d7C7KpMLF51sI5v3sYy7FrVq87BshR9luA1teWsTV8Q5kFqNwP8VUivRhxri9a7ND= Foz1FClrhCVDEmB1F5j8ca7BtnrPbU60t6HhXVXlMH-2Fyy1f34Ql3llzrDstXahbKps3SoO-2F= oN0S7G7DI6PVQv0rEZHkdiW2n1JF0d5fMQRAqyp6irYwM48ssyQDQ3RsoxlP-2FQ3EqUKxjF-2F= Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>View it her= e</b></a><br><br> =E2=80=A2 <b>EQT is partnering with portfoli= o company EdgeConneX</b> to launch a digital infrastructure investing platf= orm, echoing peers' push to pour capital into the AI buildout. <a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzW0KXXvkGjw8TOuV1LZGCkomCKFKUcuOAnmz5kqVQslPA-3D-= 3Dh8As_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= OLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv= -2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3= Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcTX= ia48dAlSs6WVB64Nzn3go6ARND8amNoSqyOb3DEFgXdzVPMVbCBTFiwATY21mRVv0m24smehs9K= zP-2BIycGPPI6Ssgy1A6atBNxDSzuup0tevFpTdK2NmpSICXkSdipgYRLqh7lCUqaZTqszqHvtI= NWFf0OIwDCtVK3OEjEYdL52AHz8P-2BQ0Tqz36uDrJTMIH8B-2FYqq45Or6vGft6NafHkP3PaSb= wjO2Y8TYjGtMBuc4UMFn9w0B9ZM-2Bn-2F86E0tbw-2ByPSiTDj2PPjgv-2B95434-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b></a><br><= br> =E2=80=A2 <b>Agentic AI is rapidly moving fr= om experimentation to deployment</b>, and capital is following. VC-backed c= ompanies in the sector collected more than $24 billion across more than 1,3= 00 deals in 2025=E2=80=94representing almost 73% of their overall VC fundin= g between 2015 and 2024. <a href=3D"https://url6380.news.pitchbook.com/uni/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW0KXXvkGjw8= TOuV1LZGCko0cSFQ7oNs54tMttN93-2BDkg-3D-3D6Dpf_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mvi= YpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQh= oCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbn= cdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6Vcfjx6VO5dZiqTZ8-2FzlIcr6NFpQy-2Brg1t32C= Ilq5sRKpbQC9rkVZlI-2FWP-2BfT-2BFXDDV-2BiUCFu9XH-2FvlBp-2BVcGitJd6lW30msyPrX= AIez21Zr8VXqKE3cwVHgtnPbX9TpPSa6bnf1sn27TBm4XBz0x9Lbj2-2BFx8e-2BbDVnxiRMIVr= Ia6fOKKqzXStRSZb0PrMgrHa9N5v-2BT7lh0jCasGA00t0ZNfo4Evrs6JxEkm3zKrwhTz5t-2BZ= yzyYc09B0S7dYeqfQ7Y3cjMHH4hD64qYG6fsKGw-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true"><b>Read the analyst note</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_580050" id=3D"n_580050" 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;"> PE growth bets on a clean ener= gy sector that's grown up </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Madeline Shi, Senior Private Equity Reporter</i><br><br> PE growth investments in clean energy skyroc= keted in 2025, overtaking control deals for the first time on record. The r= eversal reflects investors chasing a maturing clean energy sector with the = capital to scale as electricity demand outruns supply.<br><br> The value of minority PE investments in the = sector rose nearly 130% year-over-year to <b>$22.5 billion</b> last year, d= riven by a sharp increase in the volume of large deals, according to our la= test <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW0KXXvkGjw8TOuV1LZGCkouhw7kL9LB= hf59iljTlfI6Q-3D-3D_ouQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0e= rPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2= F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHo= FmLLGw1pFacr6VceIKa9sW0x02lWqn5jXBQCsK9uAzgG2nxpOFIvVZo32wi49-2B-2FjXJoy0Mw= FsDHOzZmoXZYXyJf22zw-2BI1WMhJVPxsmqwtZuOaGG-2BpI-2FCdAtBpiWoafpXfKrmxXuiWn1= ARb0UiezPZvK5NvxiVBKR-2BDtkau3HWdTeyEWACparKjE6305hOm4Hrl847hpV-2FmlWRrzDW2= XCWPXW-2FMSz6lU-2B3paWT4GmmemTr6WsBRV6HGq4-2B9iGW6RhXbeI7yyuZMwWHNAr1-2F1JH= efP-2F3gqIbjYCSbg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true= "><b>analyst note on the space</b></a>.</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-2BaqM7ONnvsnswouzW0KXXvkGjw8TOuV1LZGCkolsjtaNAc6= rrCA-2FNa2e7ieg-3D-3DlXc6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr= 0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s= -2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVf= HoFmLLGw1pFacr6VcaN7u4KDYE-2BCSDD93NvaVz89Dc9UbIJKCwQArtzJNJuRNjiTc7IA-2FcI= rENscd8CIFykwrt6LsjKtGF7ukAq-2Bv71DbzqFZVIrSlHogXILX0S1iol2aTEQ7U13VK0PFy6W= Ky1MdaWb9Aw8xRHyScnOogz14gLXlWlXkXhh7zUI2e2ERmifuxizdY4ckgXOhEiDdth5oB3B05w= hlkYUedvPB2BmTUbl-2FE6SUzr1YpA1JuvuR8ggd6U9yiQfFAmkEOIEeYLNRaEUVytuAICxWds5= oKE-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https://i= mg.pitchbook.com/news/73886.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"><b>Inv= estors are moving away from pure-play renewables toward anything that can h= elp generate stable, sustainable power capacity.</b> This includes improvin= g grid use and energy storage, or building virtual power plants that shift = electricity demand from supply-constrained regions to areas with excess cap= acity, said Hans Kobler, founder and managing partner of Energy Impact Part= ners, a $4.5 billion tech investor.=E2=80=AF<br><br> The International Energy Agency predicts ele= ctricity demand will outpace overall energy demand by more than twofold by = 2030=E2=80=94driven by the AI boom and rapid data center expansion, rising = industrial use of electricity and continued adoption of electric vehicles.<= br><br> Many of these renewables-adjacent businesses= are technologically advanced and have the potential to scale quickly, open= ing up new avenues for PE growth and VC investors.<br><br><b>The growth in = minority deals also reflects a maturing market.</b> More clean energy compa= nies are moving past the technology validation stage to building real asset= s, including large-scale power generation projects. They no longer need a n= ew owner, just the capital to scale more quickly, said Charles Cherington, = co-founder of Ara Partners, a PE firm dedicated to buyouts and project fina= ncing in the industrial decarbonization sector.<br><br> =E2=80=AF"This reflects a healthier pipeline= of businesses that have proven their technology and are ready to move up-m= arket to full commercial deployment," Cherington said. <!-- CLEAR THIS BOX = AFTER DUPING https://pitchbook.com/news/reports/q1-2026-pitchbook-analyst-note-2025-clea= n-energy-pe-trends?utm_medium=3Dnewsletter&utm_source=3Ddaily_pitch&utm_cam= paign=3Danalyst_note&utm_content=3Dq1_2026_pitchbook_analyst_note_2025_clea= n_energy_pe_trends&utm_term=3D --></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzW0KXXvkGjw8TOuV1LZGCkolsjtaNAc6rrCA-2FNa2e7ieg-3D-3= D7vfX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO= LcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-= 2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3I= m3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcUgP= Xe5ROhHg-2FOe7syBf1WZBcOmx7t39ODyM-2BWNz4gtf-2BAI5avOn6gnFo1ZMX1UZvQS82cIgZ= zseT4dOVF9oEY-2FReI7ytQdBL6VglwVZu7CDiIXD9S-2BIQkRNwtpxGrtqfhsZm5P26Z8Pz2I0= h0WMRitHeNhNLHdUQh-2FyFZiBQyj3eLE7ARvm-2FesM3pEpIp4egksL28lmy9TVRQeotxvdNVR= c1yQMJmyi4S759LlKFsVcqVTKxkQe3NxBou1HBsfrlBR9hRLV7-2BZMwTESh85cEAs-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">Download the analyst note<img height=3D"24" src=3D"https://fonts.pitch= book.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; margi= n-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW0KXXvkGjw8TOu= V1LZGCkov5x2a3E-2B5ZaRERaa30UgHA-3D-3DtTKM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpO= E79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCF= ET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdL= jD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcXBdTP1kCwvg7hR3KOf03y-2Fyf6NBrCUTqSedbuVH= TWXjTYQ5ytmdksGhjqt3i8vmBrxN-2FSs503P9uTD4aKlqvehhVTTShiR9zFPZcdnQ1Q3xe0GFo= lniFiwpIPmJDIbbYYOcqsxMCRk4XPzgQwDVKr0avLuVftN9tLkBDfl0pLycX0rr03PwJTGEiWc-= 2BATr10Oq8UJpflutIM8Nuy0jC2UnTEncvMFVEetPDw4vCCh45OAgUWH2G4iCLQzJf6Cg7KJw-2= FtbRM7PvTV2nuHDp4NsI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue">Q4 2025 Climate Tech VC Trends</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>Three startups changing America= 's war tactics.</b> See how Anduril, Palantir and SpaceX are forming a defe= nse tech clique with the Trump administration. [<a href=3D"https://url6380.= news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzW0KXXvkGjw8TOuV1LZGCkoNmmKYJPNu0rQ5X6a-2BjvLNg-3D-3DqWSG_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDU= o7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6= rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbv= qpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcSYzT49I9THt-2Bg6NjO= doMmwD92Zq-2FhBi6odnGSr-2FH-2FL-2BQ4zt1mrG8A1Pnuuwo69KSiNwO6Dn8K3MiM0BHtPeC= 9jaGxJM1Ag2C-2BEjWt7HYOBdW8WiwRhxhKBYZ-2FPZiQAiYzF5Dw7U9lS-2B-2FWXU7XJczavZ= LkYh7hztGR31hvpEnWguvGKGGsYxqzl-2BIfKM6xUDESiAOvvXtNjOXfLevBqu5VO5bSbR3tewY= CXyyeQmCFAqZbk0t1ky09olYy6VV6qyx1XkJUE-2FoVf9m2jCwEmZ7Qs-3D" style=3D"color= : #1D5080;" test=3D"">The Economist</a>]<br><br> =E2=80=A2 <b>Blackstone's COO is "keeping it= real" with his LinkedIn jogging videos.</b> Jonathan Gray became an accide= ntal corporate influencer, sightseeing and jogging while discussing private= equity. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001= .d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW0KXXvkGjw8TOuV1LZGCkorlnHlEYn= DNHtPVElbmORaQ-3D-3DqWVx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ= bcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0= erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-= 2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfH= oFmLLGw1pFacr6VcaUGH6nBS-2F47T10wzdA0VHFAnbZlS-2FY8p6Ik74CrI6jhxlI-2B-2FSlz= Zruc-2Bl-2BEfffVr3eS8UAmKhg64iAx9ksWvNBZqLEcV85OOOL-2F9xMtxq1kgATkPZUsCrjZW= SiD4BA8-2Fvjd3SqStg3FjGuHlDxrrDQA5oSK5jNZuUVFGW6dvTXHLJZ8Hd8iXFZWIUELAOdutl= mPreml7jfdQyjYA3bv4GH9aye-2ByJx5Bq3NoTEQfz-2FeOSjabVmimtCeRgoFxlv-2BS151KDz= BgnR-2FU-2Fcvwjaof4w-3D" style=3D"color: #1D5080;" test=3D"">Fortune</a>]<b= r><br> =E2=80=A2 <b>Is John Ternus Apple's dark hor= se in the AI race?</b> The iPhone maker is behind on AI and navigating fres= h supply chain challenges amid Middle East tensions. [<a href=3D"https://ur= l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzW0KXXvkGjw8TOuV1LZGCkoEbxtmcY77pM6eMniJI-2Be3A-3D-3DfGYj_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLm= NxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5= KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQ= M6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcUJPffpUSb4i0k= aTOFy8ighXcaP98hBJy0zYjLvjfLy2E6BOZEBiTSa-2FIYKqA1lzUkR1lJLGHdumkYGLaJo0sF3= XDjj3uLqfK8XEvU8w3iaIlVAU4P4S69qHN-2BrlGpzGfqQGUlv8n1NHY3gmVxJcDdfhX6kJQvN4= Gkwfg4-2B8aHJbGofqkl5rqgineA4wER011Sjm50v2cboFS2ZoelIEgQoIMuBpYdwB7n4JeEIHQ= TwbOcPlmac8i0Ou5Dhl2r-2FdiBx9r-2Br97cd0ggxOOdln-2F08-3D" style=3D"color: #1= D5080;" test=3D"">Financial Times</a>]</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td> <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D= "0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 5px; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-counts-title" cellpadding=3D"0" cell= spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td align=3D"center" style=3D"font-family: Roboto,= Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 668 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Deals </div></td> <td style=3D"display: inline-block; min-width:= 25%; width: 25%; text-align:= center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 2493 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> People </div></td> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 1242 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Companies </div></td> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 18 </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-2BaqM7ONnvsnswouzW0KXXvkGjw8TOuV1LZGCkoT-2B-2BTJmyXh-2FccQn6FlxrKKQ-3D= -3D71L5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnOR= v-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES= 3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcZ= LBAUPbjDuMde10OfUbWBS3VvwEmbDnwhYLXZo-2F8fhSTf9hbP-2BwPdzHgsOCHFrnm1gyLGGNe= B39F4umaamE0nOwem-2BScsSwfyXwoGobrmBgIx1zLgcQ-2BfWbU-2FtOZMXKaZVp1OZ-2FC3k-= 2F0o959NTsKvM1GMYSxS7MWaL3GLMhB-2BXrqwu6IK96Bcf-2FSvEQ0PQjoxxPCdUUymdGghCIS= Ia2b46cttvmLTeoZDeKDWGpfQfRKqrDle-2FI7qeLtm-2F7ReCRJKhT3fQqpZ-2ByYXaHZ-2BEO= UDw-3D" target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px; mso-hide: all;"> = Request a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_580039" id=3D"n_580039" 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: 2019 Vint= age Global Real Estate 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: 57.91505791505792%; mi= n-width: 57.91505791505792%; max-width: 57.91505791505792%; 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">6.00%</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">10.36%</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;"> 0.21x </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= swouzW0KXXvkGjw8TOuV1LZGCkoGGiQ7aw-2B0n9yPcvHD47rxQ-3D-3D3uZ6_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7c= ltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rND= V22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpH= Zkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcdU0hhXyv5mRBLtk0pst-2F= kCjxkhutjI4J4NKi1NNr5xEScWhuZxHPNv6jD7g5R6lSCTIOPQzpTSH9P6BEfon4Pcjg0ylWXb9= 1ISW-2BKrTR5On72rIjcEPNsO82Gkl4FUBr53BOvuqZBb0cr9EzSnvJiQ5ExrI84cRIdd9pxL51= nvYq3zn2-2Bt-2BSBJJS8So-2FyD7JHcJcYSZ8Qp3jhYYBQwCnL5xGMTaQhIcZnApfwjGf-2FeC= Izzg0Rv7FhfxwVtXr2Bg83O8f4oSKgfI5LLk7YyXevo-3D" style=3D"font-size: 14px; l= ine-height: 24px; color: #1D5080;" universal=3D"true">10 Federal Self Stora= ge Acquisition Company 2 </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= swouzVY62tTx6arePlwFYZ5HmcuYBW9fh9VGFtX-2BMusno0AZQ-3D-3Dln3s_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7c= ltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rND= 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tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzVY62tTx6arePlwFYZ5Hmcuvn4wiSe-2BM8-2Boh20VWkI-2FaQ-3D-3D_n24_I3w5d9c01= gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgD= Uo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE= 6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIb= vqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcRyGXPGAdoZlHuRsC9a= y5OHU3v0ZZO8y4oaJCI5OHxTzdynr2rPWuMVIHgN3N0aeDjFGtDryiWf91e2hHrbgMLZP-2BIzn= xeLoDJIJyIE7xBUfGDP0RZAOTxRm9cGB-2B7utofTDvUJIhO0pMJcKxMxZJ4hiWHTZ9iz7DCO-2= FwgYftQkiJu7ICG7jtoCFzwFA6pA5lWJUpgQh3C-2B-2FhlYm2oxsb-2FzxcFZDbdPRrrF-2FRw= Z0QSMIr-2FITAvr2YV7pf-2BsMeQDw31xK7Zf82rCVrJMEeg4KSfs-3D" style=3D"font-siz= e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Cabot U.K. = Core-Plus Industrial Fund </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 14px; color: #78766F; = padding: 25px 0 5px 5px; font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td> </tr> <tr> <td style=3D"color: #1D5080; padding: 25px 0 2= 0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVY62tTx6arePlwFYZ5HmcupSIbyX= PwEq9PYOfv742K-2BQ-3D-3DgtV9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG= 9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj= 11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbC= PVfHoFmLLGw1pFacr6VcTGC7Z4ehoOJSWepUV4B5BoyiezT-2F12Wvok5QL0LLFeQ97VjvzGVfN= BpjsO2PxP5d-2B9dnqK1ZNKSV14hjLOe0PjmLHkT-2BqVIgWJyTAS72dW-2BICERnMHkinHfi3e= EsuUbOakcGJzhAW3SHyc2fw2LrhS-2BBcoAqu6GiG2J8IS02O14d-2BM-2FGSZX7ftilaJQCYPK= DpGCw8Rc1VEe54P5A-2FxxZ3QDsgRxDg7Mk0A7y-2BmWlnq0MXwBLqqQvr-2BHaGumAcWVXx1r1= 0hFYwIszt24R6G1f-2BE-3D" style=3D"font-family: Roboto, Arial, sans-serif; c= olor: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" unive= rsal=3D"true">83 Funds in Benchmark =C2=BB </a></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check = out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVY62tTx= 6arePlwFYZ5HmcuwL4KJu7z2vws-2F4g-2FCMS8-2FQ-3D-3DwFKJ_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKT= jnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQf= 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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-2BaqM7ONnvsnswouzVY62tTx6arePlwFYZ5Hmcu1QIcduRnGCC7iloIC= ZM7DA-3D-3DyoUB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8Sj= steBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6= dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1p= Facr6VcbyhhBJllXn0SR8kf5-2Frx3e5cJCtd23HTZpJ8wNy6BzHSg2VyO14ccwJNW-2F9CU6Pm= qLeI0dSyqs2WIWRFXPALJjxQ9w0IyVzjFCBZW3XTQVraKp93GoroGAJCQo-2B9UgmINzwvqHy5g= W0-2BnfYGCQtXeIHk0Jxyei8J6n-2BLhBfRc0MBBVB3PzRefLpfhe3Cg3UGOpuHSv-2F2b0nsEr= xDp0wh2-2FswOVwnhjT10jqShEypJfk9fNyaYVIMAycCVvcMDTWUqMTD2Jr3qR1j-2B-2FOpSPA= Ubw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Project Prom= etheus</a></b>, an AI lab co-founded by <b>Jeff Bezos</b>, is in talks to r= aise a $10 billion round at a $38 billion valuation, the Financial Times re= ported.<br><br> India-based <b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzVY62tTx6arePlwFYZ5HmcuTZ3aOkohliz3Xjel910qeg-3D-3DIcap_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDU= o7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6= rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbv= qpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VceraNnfGdwfLjr0Si-2F= VWvZSmPMogoYIDXkj7b-2FCkKA8hX9fuuBmFDHlfv2-2FmTZTfAyDZkq2AJxckYdqo7qubF8C1k= sno-2BpxnjqrIuueOwUVYR6hUtcSOu5-2BihVOUSzrVySlmTprP-2F7hdyV7dZ-2BnTI-2Ba435= dwk7tt-2F-2FhNmuOzBegTrzw7UKHeQKqqzVkDwZb50k7ZvmnvNl05ZA7TecsfJCiHT-2Bx-2FB= 8v3qyRCtUVPv7YiWMiX0not4J92nMRnzK4VWGCiwyeg3dsA-2BuyeQrcE0tg-3D" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">Sarvam</a></b> is in talks to = raise $320 million to $350 million in a round from investors including <b>N= vidia</b>, <b>Amazon</b> and <b>HCLTech</b> that would value the AI startup= at around $1.5 billion, The Economic Times reported.<br><br><b><a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzVY62tTx6arePlwFYZ5HmcuxDhJX5qm4MZ2ZDjlqeKJ8g-3D= -3DNvV1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnOR= v-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES= 3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6Vcc= cjbVZjjtMjMNh3G7KcigBvJlCv9sBs-2BCSlXQeArnl-2BApfFFMkJNGNcUjw8gMEYvcjnyBRRu= e9c4RKIFasr5XC29pkK5gYB1-2F0TtW4wvmfVW3-2FMuaKVpIFDe5sH3GMj-2Bt7wgKhpZiFQJQ= b0qYSWFYgEH3ptoaJHVvXkfZuxfbc58VVs8dEYSuCfm-2FXFkfUBEWxqOufJ-2BxdqWtJjYh51u= OiyT0bX2tH9LX0C11LpjGr6CNU4xBdxOWab29wjdfX7AeXdIvJCiA4Hq3O2QFHoh34-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">Collov Labs</a></b>, a v= isual AI startup, secured a $23 million Series A from investors including <= b>Brightway Future Capital</b>, <b>Taihill Venture</b> and <b>Mindworks Cap= ital</b>.<br><br> Dutch quantum chip testing startup <b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVY62tTx6arePlwFYZ5HmcumTI4KIkwhYzl0JmquTCE= iQ-3D-3DLu-A_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8Sjste= BqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-= 2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFac= r6VcQ3DpgrfGRCdlHB5nsIRZRkvB-2FI9vABaixvmHLyYgGs8LagiF6fvJatmQpblSt7tuTuWfo= XR1zGyKrvXabGDVW5GYB-2B-2BJ6t0Jbzz-2BMKi2BfdhLr5uvSs1WRbtVOXhAT4p-2BMN9VrM0= CzCr-2FY5VX9SQmCTXAY9iD-2BnYjojO1GlT4JbKQAojo-2F-2Fr7J0f-2FW69R8RIJkyNxQylW= TLPCXn7tOROmEhrm6sDgebIYpfVvrnKH27LoKtnm8g1VH54fFtwVOVW-2FHrv-2F3Gz2T5Eyj0t= po1S8U-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Orange Qu= antum Systems</a></b> received =E2=82=AC3 million at the second close of it= s seed round from investors including the <b>European Innovation Council Fu= nd</b>, bringing the total for the round to =E2=82=AC15 million.<br><br><b>= <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73= BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVY62tTx6arePlwFYZ5HmcuqiZBXeELIWPzNv= Tyw6cFbw-3D-3DignW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe= UgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy= 8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbR= Ax6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLG= w1pFacr6VceX1pVAhSDruF2SYP-2Bp9j1Fc-2B3jgmyTZO24Azo3M1Z-2FkNChKgMyxdawIusbT= VhUH7X6bcc4HCBXR9WHsFdZ4cyUvS3Cde9lSyRPOj9kLAk6zWFx8Oyj0YT5uC6MIBSGuo-2FkfK= 1caXsWpR0a6R6zmgtWTv5gMtBMIUs3Z8eSxqaQB1QzOxq0q1i77zimZXXwbj2mAIkk35tjQFebk= a-2B2DBsyl857TdkJpn-2F0jbQhKO8P7tiI49dNyMs5UN0ZL-2BbyCGfERU6znsuDZR7o7UkDeM= 7c-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">VisioLab</a><= /b>, the German developer of an AI self-checkout system, raised an $11 mill= ion Series A led by <b>eCapital Entrepreneurial Partners</b> and <b>Simon C= apital</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBpqdbdqqE0hdP= nkyV4ZcuUPutJpS3eUenmfkfbH-2BgTg-3D-3DfC5Z_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpO= E79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCF= ET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdL= jD-2FhWNks3AbCPVfHoFmLLGw1pFacr6Vcc4FkF-2BQcqJLixudkEwJZ2pyOaMpCUTDl-2F1Myk= Ps61fCQNtwbhjJCpgkBufiHSSsxk3SbeKdi8HspjSRpJv7nx3VuZeDWWjj4M7tgPjiyyeMp-2Bf= Pm8wMuB0IrHTcIu-2BdIfNTWjFnljxDuCYLhXVImOx4biZ92e3N0g3xN9jgQ-2BS-2BKXgmo7yv= I1iglmVtgC1xjMRp5EVOx67hpxgV5-2FdtJUVSWujwC8EX8D0v6HA0ACOgRy5oVH-2BD7Lhn9Ss= hZbtJ0Zv4-2BmVTmSkRTM5eF11YEqs-3D" style=3D"color: #1D5080;" test=3D"" univ= ersal=3D"true">Smart Robotics</a></b>, a Netherlands-based company focused = on intralogistics automation, secured =E2=82=AC10 million Series A led by <= b>Rotterdamse Havendraken</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>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"><b>War= burg Pincus</b>, <b>Blackstone</b> and <b>Hg</b> are interested in buying a= minority stake in <b>Insight Partners</b>-backed <b><a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzXBpqdbdqqE0hdPnkyV4Zcu2gKN6Siv7yyJwYGCBw-2BU6g-3D-3DgXuv_I= 3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1Y= eLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApM= YS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3Jqaer= JEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcY-2F-2FvKI= 1k3CTVRteiBO97aYghxj-2BsG9-2BuNDNLbN7gA3T4NJ-2BPour28yv4gKXT-2FKyRz2JzkRN3P= 53uChKFhPOS993xT61y6YHZxS-2BW-2FsKml8-2Fp5nL9-2FTtjG-2FscpDwkDcH7kDAV3xxTVC= lvVT3i8C9AERvpdBcZyWrtVBq0vVlmGepzHLgxGAf7aJe3J38eH8mcBrQdlAKH-2FoANdopDcWW= KYnHrRT2TimbSe-2BaW-2BhNMslkMwzcy-2B08isXIwFhFKM2w3Dwy0KjWFzzrh6qCUPpCvzw-3= D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Kpler</a></b>, a = Brussels-based commodities data company that could be valued at around $5 b= illion in a deal, Reuters reported.<br><br><b>CVC Capital Partners</b> led = a $2.3 billion continuation vehicle for <b><a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzXBpqdbdqqE0hdPnkyV4ZcuvF8fazixww5Efn-2FxYaaeAg-3D-3DiULI_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo= 7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6r= NDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvq= pHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcXOT8i7Lr1cwn9Pu-2BBz= FAQXrBgoq8-2FLGsPdHwMzpOuSZLoO-2BVw26i1BhKfWfuirZctcW78EWIaEjP8f00wtMOkv7GD= B0Jp9i9kRBNyvXkTX3A-2FZ1b33bucSAdGhYg0tUChbAAf13Fxj3oZkYjtPckGGxhfQ1V7DdV6G= ikEDNRiYHr8-2BU-2Fta-2BkyvWoCE03auQevRF81tfHs7jDIhRJszZWQ3C9f-2B3cHZcS-2Bku= 5atIgFvEsbKYdIrKZt8oijekgASSM00rT8gFZKDnVdo1b-2FqBykg-3D" style=3D"color: #= 1D5080;" test=3D"" universal=3D"true">Subsea Communications</a></b>, a New = Jersey-based undersea networks and communication systems maker majority own= ed by <b>Cerberus Capital Management</b>.<br><br><b>2717 Partners</b> offer= ed to acquire Toronto-listed educational platform developer <b><a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzXBpqdbdqqE0hdPnkyV4Zcuipcnb3mgiIUtOZicCR3U6g-3D-= 3DEaQ3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= OLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv= -2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3= Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcST= AegwcxfgV1Ki1N814X8H7HyoJfaWcEn8NHvKD0nffCQMJ3f7kvSLHajxqaSXah3NjF4dh5XbYlw= 0POSeZ26OmY4YHfI0VpwGtIDqDN5fpU6y9x7PSnzFprEuGqvZC-2BWLJjj-2BZZfdUg4ITo-2Fh= cYm5bb58PNDL0do8NEtFuzodHtrY9EDDMP2ygQkXtqtbfDdP12IpMK5XkNHGXxorIAPG-2B9Qpj= 75TC-2F5BfDpcgRhzTF4gR62z9jtZLF3Z1t4jg78P7q0IqrUgnOmvTJ1RnkcE-3D" style=3D"= color: #1D5080;" test=3D"" universal=3D"true">D2L</a></b> in a C$572 millio= n ($419 million) take-private deal.<br><br><b>Ardian</b> is to exit <b><a h= ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBpqdbdqqE0hdPnkyV4ZcujBYuEWVDD19Gm9Zb5k= Gg-2FA-3D-3DFTbh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg= FVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8S= jsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx= 6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1= pFacr6VcQFtrO8N5Kt0i5E2LUq6lwilCiK51xtnNdpn-2FQLyl8YW38GktXhzW1H8HNrL6ZMzwL= p9Tvdb2W6UpugySq0K5868PDV6OF-2FYrVnjgRyxaFWWBDhlmokDcdthx4KTP5kgHyf5R2i9O1r= rNO8JVXx7AjqhcgZ-2FKS18QCvlIQQXb9FKvUI3rsbXV5OSfiFO2YKurUiRUNe9RFyWwYzyNJvz= xCxSf4GwbcEBbSBy0f-2BEesoggxiapKOiAs-2BHJPOChqhZobCLGCr0PQ7tnMQgKGFUzk0-3D"= style=3D"color: #1D5080;" test=3D"" universal=3D"true">Trigo</a></b>, a Fr= ench company offering quality management solutions for the transportation s= ector, to <b>Montyon Capital</b>.<br><br><b>RedBird Capital Partners</b> ag= reed to acquire <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBpqdbdqqE0hdPnky= V4Zcukvi4opkoq3QSwwiNsbvHNQ-3D-3D2ZQC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF= Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79wa= ZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9= lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2F= hWNks3AbCPVfHoFmLLGw1pFacr6VcQV-2BKxoP0DsY2ETO2NNNox-2FLOa0usMHwtxy6Sl34fsv= JyMWjvRqcK8Yw1JLV4QC58mLXMxnx7-2F3HisJpFK-2Bkx-2B5uLycy5k4QC3M9K0IsArG5MTWF= vyasoyCUXuEZA7R9WcSo4S2X-2BKrye-2BNOSqU9hILLKkbET8Uq3Jakl8GwZ94E7AikYvJk4xW= biILABGjKVrVslW5Tf4VvzzfIjRM-2FjQ53UXAXfu2F2Xtj6UCDd8CrXooTnhBFdDsMmpPxcUdO= 9H1hBIG1C2cr9gBqpbuiogk-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Affinia</a></b>, a UK-based accounting services platform provider= , from <b>Sovereign Capital Partners</b>.<br><br><b>Renovus Capital Partner= s</b>-backed <b>F2 Strategy</b> is to buy investment management and consult= ing company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBpqdbdqqE0hdPnkyV4Zc= u-2F9N5juZzdMj-2FHcW6XRMSBQ-3D-3DSiaC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF= Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79wa= ZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9= lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2F= hWNks3AbCPVfHoFmLLGw1pFacr6VceFcFSxs4U8pLq7iMqCrq2u0Yh1AQaoPvEwk7RDHzVvZyeb= PwDDfWBtzbPrb7P-2FWnTEi8hwqJdU-2BV-2FpGJAWX9EHdKlRt1D-2FXci9EoGo8sK2zjOaEJF= AyAqTIP-2FSBZB7-2FizMBlvewctdi5SKFtCNeLn7kjArvGu-2BdYfyLbXjwWba86w6bUdZf63q= 69oL6BNqQf9I8AsPCYBUHrbufECl-2F05fXoRnb4E5T8qFM4N-2FeIPbFXfnz5FcOjm2CIbA48w= 08MBw3fyI05uTWC3LvPS3Oo3g-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Meradia</a></b>.<br><br><b>Catchment Capital</b> agreed to purcha= se fireproofing technology company <b><a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzXBpqdbdqqE0hdPnkyV4Zcuo1rVVrgyGRFhhm1dsVUj-2BQ-3D-3DJDwD_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltn= DPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22= nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkj= a5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcVqPACi7ZiJPakj9SjkJYWWiQE= q2iRzwfy-2FTbq0uOHrDTNCsp060y2EqeWxNEnDYFcPMlDwOsd70VsEZwojUn0VX76ROq-2FDM9= KNd2Rw88stA72-2B-2B5QomTKVOgtVVh7kte2PuW9AJV6Hv7ZqotHO5Mf5UVxN32m2dl4rpZ9i5= OZepcuJwnY3GUlFH873b2aqpI9e7agq1OaJ9XsWvhqXbST6XP5reTA-2BP-2BBSGZvG9l4tf-2F= dtoS3IPThGpinPnx4urBObhkxi0I8ruZHbrYcSQ-2BFQ-3D" style=3D"color: #1D5080;" = test=3D"" universal=3D"true">Isolatek International</a></b> from <b>SK Capi= tal Partners</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>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Spa= ceX</b> agreed to a $60 billion deal to acquire AI coding startup <b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBpqdbdqqE0hdPnkyV4ZcuwvveVc77ojlm3UId7qJm= Vg-3D-3DNebl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8Sjste= BqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-= 2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFac= r6Vcfavwt4xDQqkxl5ax-2FPHSKMU2LBd42elnUGA9kfCDtRqdz6U1e0tB0GwlVDMveiIlX2qMB= bqF0q6teM9Jz4Sqh-2BBa6M22VeArZvf9gxsmUYLYXXRgJ-2FV9HwC3W-2FTWBAmaN3e829ww1U= fzuORb1HgvDM-2F3-2FzdA4nXzZTqnIrlvcX0mtPrCXpN3DS5SDBt-2FegdV4xN-2B3-2BQdq0X= n3pPA0cxfjiODkS7MAlBZ9nsI0U-2F-2Be77Mwx8scFf06pO-2FCyVGFu2w4g9idLNorVRH49SF= 0iJLOM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cursor</a= ></b>'s parent company <b>Anysphere</b>. If SpaceX does not proceed with th= e deal, it will pay the company $10 billion.<br><br> Natural gas driller <b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzXBpqdbdqqE0hdPnkyV4ZcuZJ9kqk856QnW1WepfKAnyg-3D-3Dn3UM_I3= w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1Ye= LmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMY= S5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJ= EQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcZ-2BO7R4EBo= FJPrRyR62S34wjNyufyFT4sQzgKgWfx6nfhK6-2FuQr4uSwuhhti-2B9CRAQlveYadWksPnR0Ue= GLTKbRzCBHSnXp3Mrq5Yb-2FA6vTtLCD4DA9A8cBPxoeh5dLav-2F78TwWNYCSbLmfCvp-2B5Wh= rIcewB3FM1g5JrknLBZY74K6VepBxrn26jjr7ia0XWzlb8BQQIzUPWLQqn40-2FNBBKPJMa-2BG= qyPw2bQg4oN5STfy26WPUoTK6-2B-2B76ow2S87Yx7EuSOgBl1XdEZmCZviCx4-3D" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">Arsenal Resources</a></b>, w= hich is backed by <b>Chambers Energy Capital</b>, is exploring a sale that = could value the company at around $1.5 billion, Bloomberg reported.<br><br>= <b>Electrum Group</b>-backed <b><a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXFKY= 4yJ-2FKLS06DyHze13Lgwy1Bm72kHtPYi4ci-2Ba28tQ-3D-3DcP9n_I3w5d9c01gkD8gLzFEof= ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbK= TjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQ= fgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yK= TnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcVdNvTMbkls4qsbd4IuT20tUMYNq4D= LzG7Yczzpvjf6UUEDxKNhQ6zidd6Ye2YMlklotrrKde9FbtnjZhhXSzeGVRf-2FKGGQF9PQBC91= rscNW-2FNLDlrhJZESXy5SYOD8y6gqxV6rWCc7lI1QlYvOkrgQrUUNobQSZKJINkcacXRPQW3Qn= EjefvQkkJggSwIRbwbp2aTHBpOYwsgWA8V3P7uWYKMgNJw32Bol3IPtWyW6vlt6y-2Bek4qtuFQ= cTKOAtCc0SSA-2FXCosOBda6QKCFD9uA-3D" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Sunshine Silver Mining & Refining</a></b> is in talks = to raise about $400 million in an IPO, Bloomberg reported.<br><br><b>Sycamo= re Partners</b> is considering a 2027 London IPO for UK-based pharmacy chai= n <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXFKY4yJ-2FKLS06DyHze13Lgwsfh8Sz= dr5FHH-2BqzM-2Fo8BA-3D-3Dwj6P_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2Bt= G9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjH= j11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3Ab= CPVfHoFmLLGw1pFacr6VcSgqhelVoukYW5dIEmcTSBNmv-2Fhn50PdpojWULgJ6tBLrjAPIM0KJ= bkgYMAAM09S-2B3zAn2LVcK8g-2BYRYrAtYtVKc-2Br0PuvHvUVvX8KjLx8JYBOBJi5T1gOaoaS= LZ8lWWVoQpnrBIGgEhRXZaIAKrzm1BJWDCPQMQDH3dPjnENBH4-2Bip-2BgBZbidZixmchaxjco= dE-2BAM21XP3-2Fg0uU6fLn2-2BhleYEe48cd-2FHFC-2FhCT3KperQkJ4CfVHlph-2FgO0Ez-2= Ba9B7UjBf6esaLb-2B-2FQBmgaTNQ-3D" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">Boots</a></b>, Reuters reported.<br><br> Singapore's <b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzXFKY4yJ-2FKLS06DyHze13Lg2vrf4b-2BVgzLZ0NuLyul4yA-3D-3DLT1Q_I3w5d9= c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNx= VgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM= 1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6= NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcQL0yIwdc-2BJ6He= bZe-2FBl07yo-2FYk-2BOB3piDDCJ-2FK75XMZKJPSDgzTz8ARTeESJ4-2FWcHBdbzE15sx3qon= gyM-2Fux8QlgmWbAwvyvcbiBu6lceSc7VNgjRkQaTNt4cedpJcvsFL3F-2BxGTlmQJr02kvnRk2= 7CivZH-2BVpDEgd80Nmte20xyEIkD2TfhOH-2BZ3hfV3qDtIaOBukb5zu-2Ff51HszyMWlRxMvd= 7yL1V4xnJj7rb0A363zEh8F37izl0wmFhmsYJoXBgawYD4padoan9z2DHtHc-3D" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">PixVerse</a></b>, an AI video = startup backed by <b>CDH Investments</b> and <b>Alibaba Group</b>, is in ta= lks to pursue a Hong Kong IPO, Bloomberg reported.<br><br><b><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzXFKY4yJ-2FKLS06DyHze13LggSGGUC9Td1wKdgXHXouc8w-3D-= 3D9WFh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= OLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv= -2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3= Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcZ7= fwCLWLQCAo08OM5MR5u60CifmVZKJlx-2FtAmPNrSW4Ajo0w0LY-2F-2BCpblb5lQ9ST-2BM4G8= iXIaM5LVFZHXDsksIRo1CVY4Pfoou-2B5TesEFVKQDe2cvZORpUNT3IUzKCWY0LynRYqAv7S8qD= dFdyb43qgPlPPwOUWCHuOTCqUGqwZVEoW96T9YBcpKgL6lHMFMiE4jMz8y1Z61AYn7hA-2Fdlrc= KTgx5TwSodVe-2BmZCHlFTRDDpCtrXHFpKTtmHOR9LnC3uvNRJ2dypnwu5pyE9Hi4-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Lang.ai</a></b>, an AI pl= atform developer backed by <b>Nava Ventures</b>, agreed to be acquired by <= b>Capacity</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>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">German= y's <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXFKY4yJ-2FKLS06DyHze13Lgf2qCs= JTmFwcZoIfpeduxQg-3D-3DaftA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9= mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj1= 1s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCP= VfHoFmLLGw1pFacr6VcRgyR2zMchUvb3InsKH8Gl4wKmpcclVy43FWA0eEoMRHQrDYTtjLzp20T= 1BQ4u8UJUV-2BZ-2FT8eZw-2B8bIufKRrH-2F8-2FtqJVIp5o3dGt4eUW5K8xwBaR2pwrgzVMjR= qNDJ98-2BzeaWiBOj09me2f2YZGKbZ83yETztEQoD70g91d1c7CBOUvdqDdXe32QWRiG3X9Lpn2= 4YVbzsLboILpJJUaPzFb13ZXCrTMwmAAMh-2Bt70jN7l-2FCvPSDBz9bZKBha8W4mM8IiHYh5d1= 7-2BiwAQh14JUKY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= Deutsche Telekom</a></b> is considering a complete merger with its US-based= arm <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXFKY4yJ-2FKLS06DyHze13LgOgHG= 6RNb8mten-2BgRIN6-2FfA-3D-3DmncC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy= -2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDUo7cltnDPbKTjnUU6mviYpOE79waZU05-= 2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6rNDV22nZvQfgSHbwsQhoCFET3m9lCMCF= jjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbvqpHZkja5yKTnbjvblbncdLjD-2FhWNks= 3AbCPVfHoFmLLGw1pFacr6VcXuuQu4F3hVdCQ8UCT8dfPUXOLMlMEvaKLBeWMlch10O6e8mlRyZ= jkegZPkKp-2FePlo-2FqceMqIX1f27Agg1onfiAvgfAbqIVK4wkzs5-2BZwpvUjcDXCdBq4iVqH= 3m-2BSd2F6fnMc1rxQPfUdk48u-2FYqnnXIPIOnn1boBx2XcZzjvJqkbxbEVhwKk5iYushVloHh= QV8EdeU4CXdo-2BxbS-2F77wRPvOunKJTkkI-2BmszrOl0DnYwzg4CJruEM-2BEydWkdGIirGrC= Rfn6-2FRp2Eg2r87ucCiFY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">T-Mobile</a></b>, 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>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-2BaqM7ONnvsnswouzXFKY4yJ-2FKLS06DyHze13Lg7hG7-2B= M16ferLEaFhd0MCFQ-3D-3D4i_a_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 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0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">The $2= 67.2 billion in quarterly deal value topped all full-year totals except for= those of 2021 and 2025. However, if you exclude the five largest deals, th= at figure falls by 73.2%<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzXFKY4yJ-2FKLS06DyHze13Lg75sZj-2BF9HQsV1SiYJxvBbA-3D-3DfBjJ_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFOLcUPE1YeLmNxVgDU= o7cltnDPbKTjnUU6mviYpOE79waZU05-2BtG9mr0erPmjy8SjsteBqnORv-2BpJApMYS5KM1KE6= rNDV22nZvQfgSHbwsQhoCFET3m9lCMCFjjHj11s-2F6BbRAx6dH-2BfES3Im3JqaerJEQM6NIbv= qpHZkja5yKTnbjvblbncdLjD-2FhWNks3AbCPVfHoFmLLGw1pFacr6VcacFUxK6S3pV-2BqstOv= eVAJWXsvko7N-2BnLCdlFU-2BxzMNrYxQSKaQCh08M-2FY90pdBLyR3gxsqhTnLjrqED6aZP-2B= RRf-2FoWSqE2yo72WOJGYg6g3KVeYV4P54gE0MPctz61UF-2BsewDIx7QR-2B5Q8J-2Fhng1K1G= jI9PXY8jcHFen8oYJXvRrlFRPZZEmzJZKwvFqPK5sIys-2BB-2F8VDLJVkGfS-2BQ-2FOmyLzfb= S7gwx-2BLLtfQV0-2F4UlT75W2yEEoCx5DBWGnhUjFbBK6SdmDB5lKtGrNwM-2FOso-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">Q1 2026 PitchBook-NVCA V= enture Monitor</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; 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