Google
Edit File: 1779482972.M802471P76406.server-619288.prediksijaya.com,S=172971,W=176140
Return-Path: <bounces+28456106-7880-vetyl=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 sLkWL1zBEGp2KgEAf7/9AQ (envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>) for <angker@server-619288.prediksijaya.com>; Sat, 23 May 2026 03:49:32 +0700 Return-path: <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com> Envelope-to: vetyl@ponjosonek.com Delivery-date: Sat, 23 May 2026 03:49:32 +0700 Received: from o2.ptr812.pitchbook.com ([159.183.175.69]:53452) by server-619288.prediksijaya.com with esmtps (TLS1.3) tls TLS_AES_128_GCM_SHA256 (Exim 4.99.2) (envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>) id 1wQWoC-00000000Jon-3pyC for vetyl@ponjosonek.com; Sat, 23 May 2026 03:49:32 +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=1779362362; bh=WPlM4RN+UFifZBmSmPT2mpJ+ZXA1MOeMoKNzkfQ6B2g=; b=vyQ9iCbgUxIFU4GdhvdtpVv/B9kwcO4zBM+B/q7S3OaRsR3H7UzkWxZ5oQwiaM0K0ACo 9tbTBO8/T0/1fe+HB+7Xx92v+N5qVNMWkKElAURl5Lw7MZ+q2x0Kpaphqhns77WL3H5oHy BVMVxmQvWoX2vWVVY+kruXloTJK/tIuT0eUlLnlNr7T3CrRw9sc+Tle7gyVQ2Q96YqO6rv yVMEjpvYlIwzJa2oacEF/4OA96Dh7kPN+xO8oYvCEWubBowkp/r0welibzrzhHAWU6jZV7 J9Mmj8trEMnknTaOuzNt9VJIP5M9s6BCfnJgqDKTP4+seNDK8Gwjm6Kcw8Bn8S3A== Received: by recvd-5f4df6879c-bbddf with SMTP id recvd-5f4df6879c-bbddf-1-6A0EEA38-68 2026-05-21 11:19:20.945659865 +0000 UTC m=+1950426.260724067 Received: from Mjg0NTYxMDY (unknown) by geopod-ismtpd-10 (SG) with HTTP id dsfkRQtvTFe8JVNXRIjong Thu, 21 May 2026 11:19:20.887 +0000 (UTC) Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Date: Thu, 21 May 2026 11:19:22 +0000 (UTC) From: PitchBook News <news-noreply@news.pitchbook.com> Mime-Version: 1.0 Message-ID: <dsfkRQtvTFe8JVNXRIjong@geopod-ismtpd-10> Subject: Liftoff: Your guide to SpaceX's S-1 List-Unsubscribe: =?us-ascii?Q?=3Chttps=3A=2F=2Fcontent=2Epitchbook=2Ecom=2Fnewsletter=2Funsubscribe=3Feid=3DUK23?= =?us-ascii?Q?EBU6P5WAW&em=3DX65PN7GSJDIPRVZXJSN5XGVXL3?= =?us-ascii?Q?AFLT7KSBPM3DI&ent=3DEJKJ2TTFOWZ2C=3E?= X-SG-EID: =?us-ascii?Q?u001=2EwjHNPkoEd0tti6dH8mhCZa5d7rLdiAsxLgSYARk73rxHPd3Aqlcm2Tnrv?= =?us-ascii?Q?pNBcRMFNFcwVOs7OA=2FjzaFr76g=2Firh=2FgLPvpxfA?= =?us-ascii?Q?58kmRUxmpg0tEqrPeRx31hp81RlrqFSFd44yYaW?= =?us-ascii?Q?hHlQ2pAE+p9AqroRY=2Fxxu6wS6GPx5gwdITifp1F?= =?us-ascii?Q?fHFMXLvvit26dTZm5RlpHUHQGWYwPFT+8GSTS8x?= =?us-ascii?Q?EE1u76PoAMwHGsqfpJ86JjWxx8=2F3ghsJBKmAzcP?= =?us-ascii?Q?Yb8a?= X-SG-ID: =?us-ascii?Q?u001=2ESdBcvi+Evd=2FbQef8eZF3Br+BiVHMa6y=2FD0OxHyDTyeHBn4HmQMpF4Qb03?= =?us-ascii?Q?VKy+NsOif6qx82VoLgh59RtJ66WHiqUyA4Xrq5Y?= =?us-ascii?Q?WXO6JSqtbp12WrdaAkLnh28Jt8Jxmnok1sLKF0u?= =?us-ascii?Q?zLWj37o7s=2FF7gKGBLDujv4P++JPDzcXO5gzvEsa?= =?us-ascii?Q?lJeZnTPAAVwZP8iULT=2FY8Ofaxk12ehGCSReRnUC?= =?us-ascii?Q?bTvH=2FT5d09spTeq+SHrLwjeTR5rRfDkK3k7t+Ci?= =?us-ascii?Q?2veNR6ayZkJ3c+MuJ6ZkAheK+j2H07r=2FTwyQ4xt?= =?us-ascii?Q?jTQ5yh291kr8uWpU0BcT+4ULrlNpIWsnsiZb=2FkX?= =?us-ascii?Q?UHumBX1Ll0WFtzi=2F5hTHCxDVdJP3tLVAxl9I=2FzB?= =?us-ascii?Q?kpKgNcL3N2ejT+j?= To: vetyl@ponjosonek.com X-Entity-ID: u001.YFoIgyol8PWrw0qKNaJxbQ== X-Spam-Status: No, score=1.0 X-Spam-Score: 10 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 Alpine's $1B answer to the exit backlog; Lincoln International rises 12% in NYSE debut; French PE dealmaking hits a new low May 21, 2026 | Read online | Manage your subscription The Daily Pitch PE, V [...] Content analysis details: (1.0 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 RCVD_IN_DNSWL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to DNSWL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#DnsBlocklists-dnsbl-block for more information. [159.183.175.69 listed in list.dnswl.org] -0.0 SPF_PASS SPF: sender matches SPF record 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -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 0.0 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_MSPIKE_H2 RBL: Average reputation (+2) [159.183.175.69 listed in wl.mailspike.net] 0.5 DATE_IN_PAST_24_48 Date: is 24 to 48 hours before Received: date 0.1 MIME_HTML_ONLY BODY: Message only has text/html MIME parts 0.0 HTML_MESSAGE BODY: HTML included in message 0.5 KAM_REALLYHUGEIMGSRC RAW: Spam with image tags with ridiculously huge http urls 0.0 LOTS_OF_MONEY Huge... sums of money X-Spam-Flag: NO <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www= .w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso= ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office"> <head> <meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Dutf-8"> <meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge"> <meta name=3D"viewport" content=3D"width=3Ddevice-width, initial-scale=3D= 1.0"> <meta name=3D"x-apple-disable-message-reformatting"><!--[if gte mso 9]><x= ml> <o:OfficeDocumentSettings> <o:AllowPNG/> <o:PixelsPerInch>96</o:PixelsPerInch> </o:OfficeDocumentSettings> </xml><![endif]--> <title>PitchBook Newsletters</title><!--[if (gte mso 9)|(IE)]> <style type=3D"text/css"> table { border-collapse: collapse; } body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> Alpine= 's $1B answer to the exit backlog; Lincoln International rises 12% in NYSE = debut; French PE dealmaking hits a new low </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;">May 21, 2026 &nbs= p; | <a href=3D"https://url6380.news.pitchbook.com/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWOiIuX4JmQrfD= -2BAk8tf-2BnW79T5uwmwpHi0sRZGOYwIyA-3D-3Dvptx_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1i= XR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXi= ri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6= lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfpFUZD9rCB-= 2BS1WiA932ZmD79wWH8-2BYLkRbCJEjzgFmpfSIc7nSI3j6UBZVHpNop-2BhGuGyNFy24V1avhJ= bPrTVSaz6XGDnRlOjrbJcLVmFJeSvTAqq8ju0-2BgyWZi6ajS-2FoS3t-2BW-2FqHkKR7MPNgj7= Cinq2Rph2hx-2Fezf3Gy-2F3OA6qrMmYBRZal1Q5KKwVV9rbxl0kkdo-2BPKk5oeuBPnlWNhxIa= -2FdQI-2BCljxCEbVErEv4BTEha1ieUkzEBEJC0kkP5Uqvj7Zh69-2Bj0etcEfM2HjqW" targe= t=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Read onli= ne</a> | <a href=3D"https://url6380.news.pitch= book.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSg= X8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZ= Yap3xyjo613CQL5EKIRNY6DZpApxW-2FtnBQxpZYVDpyvCJULc6js75N834Kg1wfc9mFqyoHZxY= rhZdz4XR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N= VRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2= Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefr= WT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ue= eph2VTNhto17lmoU68DMnHX5FSBc26D-2FWukvDA8Vb-2Bwqykm6yXsENLsxZ2l8p3MBbros-2F= VVBqBe2SLNyRNSB78OhxFF7DtSXJmj4R3vwB2NSTx1tHePpxPP3kOXMWOLjc421Kuipf0OUSnxc= 2vuyZiYYx7TbvAfM8MkVWS1sZLs97-2FRILc1QYM-2BNXKhAO7PbtW9GI-2FRD9d34aTZdL4tV9= CFFqSYA7rtLudtUeZvAjaTXRUEoYTnm8Q7cm6fBQeAhYJhQ6ql2Z6AtjCQJ-2FIHsP-2FHX00if= JuuKFQoa9C2NB58fuW9EC" target=3D"_blank" style=3D"text-decoration: underlin= e; 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-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWg5a0JT5u1aolhuRzJhhF= tg-3D-3DNVsk_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY= A68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-= 2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5= jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR= 49ueeph2VTNhto17lmoU68DMnHX5FSBe-2B6LYT4jEQ7b31Vv-2FoayNU6RIVYehnTijWRZcZRW= i9PGAfhWAoQdRdmyirm7jxMgg8H2MvG1kTO0bbReh640Zcb5G2iaik1OWLemYu3rMY3DL670ibX= eN3ZZMssyyqG7ilV68gKIwt7vnJvfZumV3h4nTXCXC-2B8DG-2B0dDusneAYvO0busy-2FXMfVH= Cpf-2F-2B0phcO3g-2FnCWAD-2F6BShr6ZkIfNDAJR6un7Q-2BADMikR32B4uIG-2BrgOJqjomg= eOhN3IiPf86R83x6-2FNCM2nFh5RabXa1" target=3D"_blank"> <img width=3D'1' heig= ht=3D'1' opacity: 0; style=3D'display:none !important; mso-hide: all;' src= =3D'https://my.pitchbook.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource= =3D3DZQDXJQ6VUBAECQE7XY5D5PSLQI&emailId=3D3D4ML5ZJE2I6IOW&emailName=3D3D6H3= WX3QH7CXEMMMBQSMFL245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition= =3D3DUAZEVU3EPI6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6= 380.news.pitchbook.com/wf/open?upn=3Du001.3gwe9GsF-2BTAFq5zC5EhFQ2a8abB1qTl= MwYRLNzMolGjSmCPqRZuyzb5tQBOnSwcKqzKDpNc-2BC8jpaN3o9CVyAIUMPN9REhvfRipyGsGe= nDr9dCxCxLB-2BIvb5Y0yxLInyLXougPi-2F-2B9OA5pAV-2Fsh4mhqpqkQReiITVccaEAyLCxe= hiojI-2BHkDMZqVRZIf3pKuXEf3pw-2B1jKb1-2FwzH8cz8iZ-2FtAOC6-2BJh9g3FqwNItZFVu= WWHmK5IYycNJe-2BBhIBEDgvyzpW41YeCR9dEPJTpIB9Rr9pM-2Bd2hCkG3BawFK0lR6JdIwdym= mHbV9aB0v7VJIKD0Xd8RjTMy7mOfLqDVxmMPUesn1p7fFnWHoXhfSVK36JWXR-2F8nli5uE1gjP= sNFgUm5pku-2FHZ4TuPtJ6ljxzxArOe67zchl2PSnPWdLQdHkRwoB8V9z9rwqM-2Bx43ZC-2BaZ= AWUNDmUR3EMDyA5z5Ob6VTDhGiqMPywC6md-2FRY03Hr-2B2uDWe-2FuZXU5cSNt2aqzrCw33MQ= aNv4U1oS8dXbV4kQQYBXepMbILQUt-2F0yoZoUbkPGLXs74oxdnVFvTuMtsJ" alt=3D"" widt= h=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;paddin= g-left:0 !important;"/><img width=3D"141" height=3D"39" src=3D"https://font= s.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 Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWjG86bA9nYRjpqKFdTR8odg-3D-3= DvgBu_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRV= OBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth= 8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5= -2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph= 2VTNhto17lmoU68DMnHX5FSBcHMQ83RyAgnk5wLNsBJxkWvvhcC8TyYJygryp4Kli-2F9sp4Naa= 1h9oDz6nfyT69nDIahc1b8rY8PS3IDf6UcOt4IahwuKm9u1hwuB5h5XVC2-2F1ELL1X6-2BBJ3V= WvDoGIo8LKKeDjBQrYxo2o0-2F8kkf4UvV8SvAOMWf-2FDhhZXPCHfB5QR7-2Bj4EoWkG9-2BkZ= 4g36xIgZBZH4scTUL9MtJmUrJ2QTvFnYL4xBWalxVSwhbaqhQtoE71J3ivpzzrISQbw8suQv7vK= clAQclkdIxzWmKcI"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/a= d4569/leftbrainrightbrain.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0= px; border: 0px; display: block; width: 100%; height: auto;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=F0=9F= =9B=B0=EF=B8=8F <b>SpaceX submitted its S-1 filing</b>, officially kicking = off what could be the largest IPO in history. Will the offering reignite IP= O pipelines, or is the window closed for other startups hoping to go public= in 2026? Read more in <b><a href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWOiIuX4JmQ= rfD-2BAk8tf-2BnWqkTlyxDGrywjJ5qRr77ryA-3D-3DSbV0_Pr966knuaHmaw6c7pKvB-2BCEi= Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocj= o1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsg= vXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDT= Js6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBdLnPFn-2= B8ffrciIutnACtT9UrSjWwFZ0cdIuLhM5-2BxzyTWe9xvujZ4xu-2B-2FUs5jku-2BfzTiJNzQS= hKU021lfiErOoCCl4Vcgim2uIakb1O6CidJg2rmcQZDrJ6-2BkMIXhA6OGGSbTDOEYPB6X0x7ai= pLiqhHNqXb1FNhvoKsoBcK1szxllachIFOd8PgPk8Vi5r3ZcPsCvoWpU2bZz6-2BMiySNIr4Ex0= gw-2B4iyhPFAnEEMRz2X5OBox8A4-2BRxHZrUuBdz1IzKTxuRQTMKDdi91hAFot" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">our recent analyst note</a></b= ><br><br> =E2=80=A2 <b><a href=3D"https://url6380.news= .pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns= wouzWOiIuX4JmQrfD-2BAk8tf-2BnWit-2FmXjlgB1aG91Vxt2Jgeg-3D-3DZWPN_Pr966knuaH= maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptD= bQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO= 9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4k= lOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68D= MnHX5FSBe1cmdpinmX0nQjpMk-2BSr2p1gpbi-2Bu-2B9TTcQ78r54x5kgMj4H9MgBA7qnvGh-2= BB8XhOpiYwB1JjyV4FWN-2BiL-2F4IKBlYxsGVtBLi-2B4UYRlXGp6PHvANLdp01wXXJ5v7N4X-= 2FsAbh9yJRv3Bc-2Flo605DdZ9rXh3NTSrvil9fOAqs6nVz4tDuJF2rUzlzfhQ26PAbTPnxDYfO= Ru-2F-2BDhN7oukqRf5WDhHaq2AttB6cOcb1TrPvSPFEvRS2p2O-2FnEKBBdNZOUHN6meJJeUiE= -2FhHzjqfIQh" style=3D"color: #1D5080;" test=3D"">Sign up for Capital Pool<= /a></b> to get weekly commentary on what's driving LP decision-making.</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_581090" id=3D"n_581090" 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;"> 6 charts: SpaceX's S-1 financi= als </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-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWSksAE= BoYlWPVFAcOY-2FlYcg-3D-3DmbI-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBD= ugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BT= ZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxf= qSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBe3SfjUJ171w5Sv6KL8JZKb2t4ni= lIsegQipVsEz-2FKa1kagcZ6WZiEr0H3Nvr0rNXhge0GS59q8cikAbKumiOvCPWB1n1-2F3Wznj= eQLEEF-2F5Q18yrgjAPd97VnAZgVU1m7mNV9aPo5hUs4mPZi91wEA0UV0GvEd55QGpG7SzsTp9s= JJTvHZ80ZHel-2FkyzsAdCeL9eTeyzbFVHV4MBFRKPdUafeMnDJN5kUts5y5KKNMgbm57WbjUhQ= ycmulyiA6tmzF-2F4SDsBwBGLc-2F-2F5l7V846P" universal=3D"true"> <img align=3D= "center" alt=3D"" src=3D"https://img.pitchbook.com/news/74429.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"><i>By = Rosie Bradbury, Senior Venture Capital Reporter</i><br><br> Liftoff. SpaceX's S-1 is out, teeing up the = biggest IPO in VC history. The filing is the most comprehensive <a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWSksAEBoYlWPVFAcOY-2Fl= Ycg-3D-3DcLVl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r= -2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm= 5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7Xkh= R49ueeph2VTNhto17lmoU68DMnHX5FSBfnM6vq6mXhNFoGwbrZG3fHX-2FLDrz1j9c2y2tSyWxr= XbjLqW1CQ3Cwz28LMqgERy2zgyIA-2FwVLV5K4-2BOWaRaKH5pSHP0b7-2B9njKbysxQ2P4Y6cx= YzM1FhpFEbcwOt4NOeJcYGiWpWPwcfLo9cLE3TvnIC4DexYuo8RiqFI3uHzx30XgWF-2FwK5IZ4= jXnni8WcZ8HYT-2BPHwrOzYGSonTbCqcoUWRMbs-2BvVEvoTbCraYlTHxrzy5wfkLVr-2FP4MQ-= 2B0mDnVdlRK51dj3hf0E9B7FdvY9" style=3D"color: #1D5080;" test=3D"" universal= =3D"true"><b>behind-the-scenes look yet</b></a> into the crown jewel of Elo= n Musk's business empire.<br><br> SpaceX will begin trading on the Nasdaq unde= r the symbol "SPCX" next month. It stands to <a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWtIeGSRsa0FMGWgNVOVXTEg-3D-3Dlg9M_Pr966kn= uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFw= ptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2Ph= GXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAV= x4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU= 68DMnHX5FSBfGEdaOpgwKn8ObFyjwQ0XwHVWRgUGIBQTN62hWSU12VpRofPUA97iB4JWmcZmBTF= t2MZGJQJJ-2BWmNVGLWVJve-2BceChi5osQToJ-2Fuca7l22m0frg72CyaSaE4eVEsCpXi3ZNcD= sfNCoPowB8hWzfkvK1WIYIPgqMHAsVnkhzUV-2FjLqxR-2BEDx2WqnZxTLRt58glReYWkpkLL1i= lHQFJ049gjvSjgRydYuUKMc1RNnJSHEuKLi3KdB7CoGhA-2FisXHxC-2FNMrY5tRYoFWEiB6x5i= kQz" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>deliver bill= ions to longtime investors</b></a> in the company, including Valor Equity, = Thrive Capital and Founders Fund.<br><br> The SpaceX IPO may hit a $1.75 trillion valu= ation, or even $2 trillion=E2=80=94a figure that perhaps says more about in= vestors' excitement behind the company's potential than its underlying fund= amentals. SpaceX recorded $18 billion in revenue in 2025, a 33% jump from 2= 024, but is running at a net loss of $4.9 billion.<br><br> Starlink, a key profit-generating business l= ine providing satellite high-speed internet, surpassed 10 million subscribe= rs earlier this year and accounted for nearly 70% of SpaceX's revenue in 20= 25. The US government, one of SpaceX's major customers and a significant pu= rchaser of Starlink, represented more than 20% of SpaceX's total revenue in= 2025.<br><br><b>But rockets and frontier AI models don't come cheap.</b> S= paceX's debt load through Q1 hit $29.1 billion, its data center constructio= n in progress jumped $10 billion, and xAI=E2=80=94which SpaceX acquired in = February=E2=80=94<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click= ?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8= tf-2BnWY1QzGHBvjCSFIjy4FsyqGA-3D-3DHqL8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY= L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fv= o-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZ= pIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711l= hlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcOypNZbXEK0MS8fkD= 38NHqP3XRBPqcg5PXhELy4iAqp6mfQtHs05SsEpxlRCnO6s-2BK3DP21KMao645ItWeB3A0nWi8= jGU9AmkShzVreiSdg-2F86UKzv2dQXyaxMPtY-2BWZ3BTXr317J7JW5o9XLTNT0WANdldiI1ZKQ= By0th684x59g4H8uQ73faWy7xF-2FoWV6zmR5q6H0j9brdzX4uGtGRS5xJEUHKt06u83F93WCzR= AnegWMTCSvujDEghTGmWVweHIciHqwcmQnR6h1VWP-2F6g" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true"><b>lost $6.3 billion on $3.2 billion in revenue= </b></a> last year alone.<br><br> The public market's reaction to SpaceX, and = its AI business in particular, will be a harbinger of things to come: OpenA= I reportedly plans to file confidentially for an IPO as soon as tomorrow.</= 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> </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-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWSksAEBoYlWPVFAcOY-2FlYcg-= 3D-3D1OXF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-= 2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jef= rWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49u= eeph2VTNhto17lmoU68DMnHX5FSBe4MZYDY1v6fv7h-2Fqh-2BvDdaGW7wJo74TytVdHIGNMAUn= VoYAcY2Yo1gPv-2BaJF7Sy-2BK4dRt5P5MOYc-2FCHa1opi4EdV54Y0T6bicihQn52lqj6iysoP= DoZOqkKjs1DWFpfGGlU5ypo62j6Zhm6-2B7LT-2Fa6cHEXaF7eomzDBBXOj-2F7Gc-2FPmjZ4vd= wnevP-2Bk4TpKidMwJw7AUG-2FdvGH19JwNpryhmAFNsoHPNqksr25JkleOWARoHrH1agfokdNO= vDSDebun8ErSZuT08n8OssUKuoLE" style=3D"font-family: Roboto, Arial, sans-ser= if; font-size: 18px; text-decoration: none; color: black; padding-left: 3px= " target=3D"_blank" universal=3D"true">View the charts<img height=3D"24" sr= c=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"verti= cal-align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </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 ToltIQ</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_580834" id=3D"n_580834" 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 AI architecture matters mo= re than model selection for due diligence </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-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWBx1jfw3394-= 2F8W0AJihxHjg-3D-3DIRuX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0= IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcao= f60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2= FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfznDbLGMiF8i4V9P7o5fqpu3afO9xkz4p= 4-2Bp3Za3G-2BHZPA7JVWYnv7gvI5bMUv249CIgE64u3G1OPGO5-2BKd1hP2zDhTEQHr9uTBvBg= mWQy1-2FGnk5X7T3N4eHbliUk77ByGS7F-2Bn9HVuwVv9MCylN5O2kQreE11mDocKCpegw9Jh1X= LAM-2BHz510wbXUW6wVmQUw3KmD-2FAm-2BE90Rz3iUk5DV2Qodd9JUtJkXQLaVOABktc9h6os-= 2BhptsWkZbIlmmDTT1fpTTBxmZgiQXYolyTBwu"> <img align=3D"center" alt=3D"" src= =3D"https://img.pitchbook.com/news/74288.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>Private equity firms evaluating AI fo= r due diligence tend to focus on which model to use. The benchmarking data = suggests they are focused on the wrong variable.<br><br> The infrastructure around the model, from do= cument ingestion to knowledge persistence across workstreams, accounts for = more of the performance gap than model selection. ToltIQ AI Research confir= med this across 14,400 scored responses, with architecture producing accura= cy gains of 6 to 10 percentage points. But accuracy is only part of the sto= ry.<br><br> Architecture boosts accuracy, but it also de= livers what deal teams need across live deal flow: persistent context acros= s workstreams, team-wide collaboration, cost predictability under the indus= try's shift to token-based pricing, and the security posture that firms, LP= s, and counterparties increasingly require.<br><br><a href=3D"https://url63= 80.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWBx1jfw3394-2F8W0AJihxHjg-3D-3D8gxq_Pr9= 66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsy= joFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDd= b2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1= tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17= lmoU68DMnHX5FSBf0gl2qIRNvokLo62hzb8rwdTHFNQ55QHDuCYtgqeHu69KPWn115RgeoGg7KD= RWGvjXLGBrFX6rxeLmUNYmPILckEDjgJuJi3wbQJlXR5SVxkA1woh2dmWn8gw3wz7eHzSmtNEG1= dDAo3WoWjUsel41r9qkpIby3XstyrPeA094fjhG20zf1ZgrnbsErs-2BzcZGfV2HiZartkyT-2F= yKmy3WW91-2FuInJuWptGe0VFGjhsDvMbHKmf7CRH2Vd45D-2FHs-2BeB4G17Mjj8CnGNVL8gSU= OSX" style=3D"color: #1D5080;" test=3D"">Read it now</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>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>SpaceX's historic S-1 is here: Here's the primer</b> on what the fin= ancials show, who's poised to profit, and what happens once the stock start= s trading. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2= BnWtIeGSRsa0FMGWgNVOVXTEg-3D-3DKCsN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ= P-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2B= PSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7= q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJV= MKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBc-2BAU6OIxGtBd18S2u-2= Flb-2FQWiJQivHC1kz6TIAbvUHpYKi5grf7-2BZzGjJ9BqkieVO9Flc3uFOh9t6E9EaNtxEYVkK= wbAzJl5283x8GjLHuU2tdJdEPV-2FwTnHGecp3iJlOypY7quCTw1AY33Jpa1v4Cx14wp1DaWwRi= 3gJuSLqlCOjGK6JzYGMewuZ9po3Vcyi4JVef4fugT5ypXL-2FsRVFic2rLw9feoLEoZsNautyA0= vJtgLpLGX4PbKCSWgbuAArR9luUhkpPBnVuIKOR3gTot" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true"><b>Get up to speed</b></a><br><br> =E2=80=A2 <b>How does xAI fit into the Space= X IPO story?</b> Details from yesterday's filing paint a picture of acceler= ating losses and increased spending as xAI fights to keep up with its chief= rivals. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du= 001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BAk8tf-2BnWY= 1QzGHBvjCSFIjy4FsyqGA-3D-3DTfiX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmR= BDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2= BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwo= xfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBch1sGU5NoSIy-2BRafODLxBm-= 2FQW9XeePyS-2Be3ZxEZ-2FV4ocfHZ1pC82umBdZpd-2FfD8RuY3vgohcDVL0jv5ALDkbnLwUho= JKc6MG83wXI4PQW-2BV7-2Fgu-2FpHBh5DeWfy8YTUCJWmyOkLP4f9nzUnGQfq7DI65FngDdmsy= 9j-2F6XnM3YHcriuIJMbGD6ZuY5VRqIg-2FaikrEiicZyN7ASPZ4ZKKdf1eI-2FmkRimyLs4dnb= DuVARYAEjJUEZ4OsKM7CfN-2FnJDuaOfvNJq5L-2BZc-2BxIwTywSlHW" style=3D"color: #= 1D5080;" test=3D"" universal=3D"true"><b>Dig in</b></a><br><br> =E2=80=A2 <b>Investment bank Lincoln Interna= tional's decision to go public</b>=E2=80=94after more than 30 years without= taking any outside equity=E2=80=94came down to good timing, CEO Robert Bro= wn told PitchBook. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWOiIuX4JmQrfD-2BA= k8tf-2BnWCm4i9A3zhQUXSYbs683nBA-3D-3DkJ65_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl= JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2= Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2= FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI71= 1lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcylpazFnZY2wYjw= ryAB6-2FyTmx3WETcKGjDvIN78z4QZQXp8lsHFCtd2g04XznM3orC3zUKkNP5M8YIJTcLX-2B-2= FVOWb6sLLPVXKn9uxFdvdaW140A6fwQ64PvQU4auFeB-2Fq8gMxWQgfpUTG-2BD6QfCMxm5o3X9= XztEhDCWo-2F9GnT7-2FpwHIRo4PEHuFpsosxi38megdt8LKEpzKnhm3ErCfVp5fdSNpzr25NWe= P20LhkNCQSAWwruiQ30MmhK-2BHWBONigjHQM6bhyUBoQtlypx-2Fr6v" style=3D"color: #= 1D5080;" test=3D"" universal=3D"true"><b>Learn more</b></a><br><br> =E2=80=A2 <b>While PE dealmaking in France h= it a new low in Q1</b>, VC gained momentum through larger AI-focused deals = and resilient fundraising. <a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVkotr8SLb= KeDt6KelaX2MrI5gP-2BCDpuL20FSvl-2BD8nnA-3D-3DTyEF_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Oc= jo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLs= gvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnD= TJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfYG1tUV= iE0Hk1kxkY4Fp0yGjRK-2Bdm-2Bykxd5Q2VI-2FEu80IJH5cNHJn9eoiHfurzjoJZx68ze2wdvF= Yl5aqqz4JmlWTbUCz7Xs3PSbkEr9OYhj3Oaz2bDQWsiTJadLomw8mj-2FrEYrkD-2B9DvV138p4= NuoC9OxA-2BrGD7HjR3aU6yKDrypKwA-2F-2Fx5FtoJLy6jKL-2B6-2BLPbujXwgCJ-2Bl6URc3= OMDYszE1w7S2SOr18w6xfsvBl-2BwNokDO0nYwkF9WQedz8JM4bSnmrX393QgyoYhllnKd" sty= le=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read the report</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_581046" id=3D"n_581046" 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;"> Alpine targets $1B fund to inv= est in its own businesses </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-2BaqM7ONnvsnswouzVkotr8SLbKeDt6KelaX2MrjvXj3-2Bp= bZVEIVrjO1SQGMg-3D-3DIfhz_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugEL= q0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNc= aof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6= -2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcrc3gfNobX-2FLBysb4nKCPW2rChZyZ= NY2Kn-2Fmryp-2FA5wvFQNn6Wsh24HCqQ2q07lr9raHOoZLYtE-2FLZ0Es6-2Bt3mNHEWTtiPpR= fHQpps9GBHGOXNgDwPz10PcWpEaB1900-2F6YniIrkI6fgDiyFn4GWLGJ0smMsARscWKrXwrOIQ= tvFL9kscnDtr8dZmDRYSIsbjEEwHmBRJ1MLUSNAB4WAIBTn-2FZ4fVW7kMGS-2BTi-2B1DZzfIo= 26eTL8IHUklvkdgSdqj3Trw0r6em16UPuDhN08Ry" universal=3D"true"> <img align=3D= "center" alt=3D"" src=3D"https://img.pitchbook.com/news/74428.png" style=3D= "border: none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"text-align: righ= t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;= font-family: Roboto, Arial, sans-serif; font-weight: 300">(Jenna O'Malley/= 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"><i>By = Jessica Hamlin and Rod James, PitchBook News</i><br><br> Alpine Investors, a buyout shop known for ro= lling up software and business services companies, is aiming to raise at le= ast $1 billion to invest in the companies it already owns, according to peo= ple familiar with the matter.<br><br> The San Francisco-based firm, which has $18.= 9 billion AUM, will use the Heroes Fund to back companies held by its older= funds that have grown rapidly but need more cash to continue growing.<br><= br> Alpine has a history of buying businesses in= highly fragmented markets and building them through add-ons into regional = or national companies.<br><br> Apex Services Providers, an HVAC provider th= at launched with an investment from Alpine in 2019, made 60 add-on acquisit= ions in 2025 alone, the firm said in a statement.<br><br> The people said that, in its pitch to invest= ors, Alpine has floated Apex as a strong candidate for investment from the = Heroes Fund.<br><br><b>PE firms investing in businesses they already own ca= n create a tangle of potential conflicts of interest.</b> The funds doing t= he buying and the selling are managed by the same firm, with the selling fu= nd incentivized to maximize the price for exiting investors and the buying = fund incentivized to minimize it.<br><br> Alpine did not wish to comment on measures t= he Heroes Fund would take to mitigate conflicts.<br><br> The fund is being raised amid the largest ex= it backlog the PE market has seen. Alpine has not been immune to this slowd= own, having exited just one business in 2025 and one in 2024, according to = PitchBook data.<br><br> But the firm has gotten off to an active 202= 6 on the exit front. In March, Philadelphia-based buyout firm Inverness Gra= ham announced it plans to acquire Alpine=E2=80=99s Axcel Learning, an onlin= e education and test preparation company.</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-2BaqM7ONnvsnswouzVkotr8SLbKeDt6KelaX2MrjvXj3-2BpbZVEIVrjO1SQGMg-3D-3= DZkWs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRV= OBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth= 8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5= -2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph= 2VTNhto17lmoU68DMnHX5FSBf7kvKXU1131UMhTNnhayOY2UHAsn950T5EnVgF9DDKlG9jx7rNh= E1iuSkDUBqx3GPUinQfqfkLDIDOmf8DGh9PkxWE3y0DDUXP13o4njcZnNGrkvMkNx2gN8DVdYgj= iKoTeXVE9aANDarFTq-2BpBFS1SfWWqCNAOToYRsPaca0H-2Fs-2Fu4IpsnzfS5l7AIwxCEJrE-= 2BcvKRyHfbU-2FcwyFwtXh1SQJKDq8-2B9MJ-2F9EEX4D1bzv2Ml0onOMsXgzKPkXKaSBeWLFOc= qrg-2BYGaKFxrSbwbA" style=3D"font-family: Roboto, Arial, sans-serif; font-s= ize: 18px; text-decoration: none; color: black; padding-left: 3px" target= =3D"_blank" universal=3D"true">Read more<img height=3D"24" src=3D"https://f= onts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: mid= dle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVkotr8SLbKeDt6K= elaX2MrZv-2FEOjBMpUweGij4a-2B4A7A-3D-3D06jf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR= -2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri= -2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI= 711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBeHCHSx-2BEj8n= FoyRshh9s-2FlaYcqibrgXvHMms3iXVLy-2Fc-2FdCTH6OZOkBhGJSgkbhLSzpXWReKQpz-2FE8= aIz9FPLc4LfURzNvPeJF7tG9fDRK8jWTsZ6XmGqAL3hxXCSvCpO5RpHG6QNNBNvo-2Fjp1y8bbI= OYgtpZ13nLbHl6mShgV-2FoL4R4YkFyiNGr8xs7TYw-2BKzrJ6EvxlxmlNyUkXJ-2BaOCxBXZ2G= EBcBJFKGBGhbuyLPjS1ZX50yfI-2BvDUAk1D0fMStuWpnhPfa5Uk4cN0ijOm" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">Continuation funds find their foo= ting in private credit</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>Social media and video games de= buted as exciting, independent spaces, while AI feels like a mandate.</b> R= ead more about why millions of young people don't want AI to do their think= ing for them. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVkotr8SLbKeDt6KelaX2MrS= uGhS-2FXN0yW-2FaWA6QzkzdQ-3D-3DFfDR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ= P-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2B= PSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7= q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJV= MKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBehKpBDvuM65YkFE1aTMHj= y1WLXS-2B4XyVqASC-2F2lk-2BbbN2w3f-2BXCGSBfYWxf8LtrQgZwPYYsRSAUMRsbgPcAT7ewM= 6wAR3hHZrMA6MPUA0hCtp4SigYpqGjysHzRT-2BUmNxykqDI7s9P2lg58gJuUm-2FkNBStjvM1C= nIOpZC1jlc87xXW-2FGceaEihUzUIit8vQ7avfzfa3r8sgWGSjHzk0a3GMPoQdINp-2BaVjAJBj= v-2BqdtRsKNfsF-2F1OMiK1XFjeNKz2nV7KQ5JAvSlK-2FgjjjngVq" style=3D"color: #1D= 5080;" test=3D"">Fortune</a>]<br><br> =E2=80=A2 <b>The first step in Colossal's de= -extinction project? Chickens.</b> The startup successfully hatched 26 chic= ks in an artificial egg system that eventually could help bring back the do= do and moa birds. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVkotr8SLbKeDt6KelaX2M= rmhattFT-2Fu8K2c9dEc-2Feb-2FQ-3D-3D00YU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY= L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fv= o-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZ= pIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711l= hlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBeqOymGtWkOxoMNSlg= jzxF0vCkoEBylbJqh9DTy27-2FP8kh6cQUQOiXggIDKgjCd94wcerkAvd-2FFfx3PkL5-2B-2Bp= rkSzoP06mWyoVhzeDoYHkg44dVZL1eUcxniketHiKURL2qekxPto2ZvQ8l0R-2BM1PCgohSW73Q= CU2P9LoB2DgKsJSAzuNwQefSywNgtqb1Wt0-2B7DbtVXMM4TlVl5xIZ69-2FKgl2yb9NCPB07Hs= 9Bef9mevOMZgK2WTLTgeNe4WlGNwBwHxduGQLFR4bJga5j88Qv" style=3D"color: #1D5080= ;" test=3D"">Time</a>]<br><br> =E2=80=A2 <b>PE already has a hold on profes= sional sports, but these Democrats don't want it to grab on to youth sports= , too.</b> A congressional group has introduced the Let Kids Play Act to ke= ep PE away from youth leagues, venues and equipment. [<a href=3D"https://ur= l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzVkotr8SLbKeDt6KelaX2MrBsRNZIOCoT3tlPdpahUA3Q-3D-3DB-7m_Pr966k= nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoF= wptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2P= hGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRA= Vx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmo= U68DMnHX5FSBdSp1vnxrs-2Bg7NppmTcodO7S9cTb1OajlvJY9KHlLpQ8AIjazLDaJ75RlWCrId= zwML5i9PfO7BUGZNOY4f-2BMvuLN-2FF5n4cjblm6TTEymbzw-2FDy8PIxbWCTH6h-2FK7sI2cQ= OmAR1W0bAHYKAszVdvmKbxoFuyeuV3-2FPLLWw6Gevotqpu8OZu44knFWFY-2BFAdevLDTvFptv= ni4iQd-2BPAP5llMbNTbvAeoeG1gqEAzVU-2BZLTEroiUD2tcKOFRT0eA-2BM7GiF7tI4FPmkds= yCGEvWqSZA" style=3D"color: #1D5080;" test=3D"">Axios</a>]</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVkotr8SLbKeDt6KelaX2MruAnxEfnAa1pUki-2Fdbwb1iQ-3D-3DA= b1l_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOB= jeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8k= vLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2= BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2V= TNhto17lmoU68DMnHX5FSBc1x3QaiLaXIOzcu-2B8KYmxgM5tIMgkOlFZ6rm1Lsj4Z4aq0sW8cZ= ghwiNn2JztqUW-2FViYxa-2BYLm9t7rzA5T3aNfbb1qTPQwUAiyVKz9-2F2Ik4NJ76j8S7ndFkN= NrFLJjgLRj97gEyvJUxoHBnYhE-2B341-2FCrROj5souMJiS6Ed6PV8ML4-2FAcyiinY0QrHxCO= r6u46F4UtimMPTA8eJNlDthoiZCME6vXDBZaRhbq78w2HfGTfYm9wmPfUwReSw1YWUFv3NdYq7Y= OqgEe2EkpDesGk"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4= 559/Whitehorsebanner.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; b= order: 0px; display: block; width: 100%; height: auto;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D= "0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 5px; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-counts-title" cellpadding=3D"0" cell= spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td align=3D"center" style=3D"font-family: Roboto,= Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 827 </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;"> 2454 </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;"> 1190 </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;"> 20 </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-2BaqM7ONnvsnswouzVkotr8SLbKeDt6KelaX2Mr1SqhfwLQF9hxfslM3lnY1Q-3D-3D0TV= Q_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBje= XPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvL= xlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2Bf= rC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTN= hto17lmoU68DMnHX5FSBf8PwMB5HkNhJWyCUnBbPwvOWMMe3ov52UgQdghUpk8Kd5rvQ1sFYv1b= rLUoQ6sLmbIg9DTnbzSwXejGIBFBYfutjfvFQlTbWDsiPioyEsN-2BSHqLMhbd9VdLjVXUfD2At= Gxery7HTFz1WSBNSO1vHGPClWjcXg9F4VR3yPbb5384uKvZD4U36yV-2F1MWVusRBV-2BJmT2kA= 2StwJDHpdi2NBsLvFwooOL4foGwmoSnSvFohIvPia-2FK5vEXRsCBpgZE-2B-2BJ4twdw7EZLA1= 7muautDy3X" 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_581092" id=3D"n_581092" 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: 2018 Vint= age Global VC 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: 62.713619886069395%; m= in-width: 62.713619886069395%; max-width: 62.713619886069395%; background-c= olor: #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">12.11%</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">19.31%</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;"> 0.14x </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= swouzVkotr8SLbKeDt6KelaX2MrhqANgD-2FBk6R-2BwZhcygw7SA-3D-3DXfGv_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDb= QogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9= ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4kl= OpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DM= nHX5FSBdasZld6-2B-2ByNGFzspXGIkkZkXSGJl6QkRBYj-2BrVDYW8o-2BTrvelGbIzdDK5SE3= 2kIhzMiSQcFTAh-2BZF-2BD3dHufgEe8QboPzYtAkSwZ9w3VT7N-2FJDoUpXjirkvQdkzuCWcAZ= qJUnG07Qc7bgzTBap9Rxau3etgfIJ5CS5YpmcsgcymCDRvMQqi7LPbe2zz3V1mM7hhg4GMzjiv-= 2F-2BJdGo-2B5m9nMjav-2BDNGO6-2F4FC0-2Bl0dgfv42FxKFbqvBfjGOuRcAbDMnnYKpjb5D-= 2BRSUzuiNIYhS" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;= " universal=3D"true">Inter-Atlantic Ivy </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= swouzVkotr8SLbKeDt6KelaX2MrSci4duQ-2BEEbzgGj74FOhyQ-3D-3DnFw-_Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQo= gYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9EN= w8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOp= TebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnH= X5FSBfnhY4Q5RCzpm5Q-2Bwc2BdGKa5iYlHJ3ThCMKxbpcq2e0QlDMsweFba0pcmZMMj08GyC-2= F3YphIZIrHDZDF8wjn3XM4jZ8ErMYC1HbeUTPC3Nhoo2Q-2BJEdk8WD3oszTeqFwz3iFofU9Ig1= txwojSnZZJg16czrQdmPGemEKVVXlCfs8vrjPhkUn006WjM3Jybzhv2NHAFOTt-2FJKsXEzfe34= -2BTKBHWHRBhqhcFpFjsLEPluyzD3oc98SJ1AfP7qi9vCeHqe-2FVRpG-2Bbqlr7kt4Bp3U8" s= tyle=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"t= rue">Parallax Ventures Fundo </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= swouzXh9XizRy8R-2FygFw2FsBwQW3wdVYNxMZtqQslJFwtAy5Q-3D-3Dx9Hp_Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQo= gYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9EN= w8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOp= TebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnH= X5FSBcHQ46VgWu-2FyWZBHI3Gx9vpbmaWKuUnETAzeVo1hooOufL60LHeyGmyN6JJ8Cn7JsL3eU= 19UQvMrnYsT-2FHTt8-2BwkYu6H-2BpFctMs67r71rLo0FkdVyeFKjwJ0jCmiqd-2B2fVCFSQzd= H5iR1t7KfT5Yr-2BBnw7Tr27GlqdlNAVescj-2FTh9VgvNV8IpmH5o5eZ6EnYgJZH-2Fw55kz0P= aneBWt-2BnILtmJrchJeO16WLAg9Nu2wgpBHg0P2bGeldm7coGHM-2BzrHd3nsVFEfLsvTHum-2= FpRnL" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univer= sal=3D"true">Tera Ventures Fund II </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-2BaqM7ONnvsnswouzXh9XizRy8R-2FygFw2FsBwQWKSXW= 0yOl-2FG7-2F41TLBAIeHw-3D-3DWKfM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2= BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSm= RBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-= 2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKw= oxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfP8a2GS-2BUi-2BDCbeDXoQF= PUUWlfwLRw8KjLqo2gD5ZxcWmZ5Vjna7r3sXK6YQqlPappjUUC3CMnWJ-2FrJf2Y8suP7dmXKzo= EkrX5dAtAnyxoi6VTaY6r9kvVSamrhyKU4X-2BOpDnXf7im2FFHLl6xLzIN6iTgBlW8pyoCrccQ= -2FS-2Fz7hL11OqYPLwceVsVWwa3atTH-2FFMWsXoIjlzJFfeFLegQlwXBIP-2FhbWE1bSS9dJu= k9fpk6sqmkGYSo-2FQ9y0DIgkS2hVdwLGj8t-2FEUwEzUbg4Q" style=3D"font-family: Ro= boto, Arial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700;= line-height: 24px;" universal=3D"true">84 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-2BaqM7ONnvsnswouzXh9XizR= y8R-2FygFw2FsBwQWZW2heIXyCtc2gGdoSLXLcw-3D-3Dc8cb_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Oc= jo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLs= gvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnD= TJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcQN4cev= w6scxHht-2F4A6KN4aYu03a1fjQ7eKPp-2Bcin6vahA0Ks7uxmibKVL1fonbWwh5OC1QSIHPvq-= 2FYPz4YdNnKcA-2Fsa8tN3xFKuSM8DuWjHZNjrlNhapt5MN8CoBnNTYcZMJEz5zHB76gVkKGE2z= 75PnlySHxjXKpE9VR-2B9zm1mXLsbL-2BHqyix6OCvBuVIUA-2FkCi-2FFl6onqA2CNCx9dUryt= nFQfVa-2BcAuudb8ugp40f-2F0V8DZB2BNoQ3O8wjHn2lrMCjr6vM-2FVybkxMcK1pAR" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a><= /b><br> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzXh9XizRy8R-2FygFw2FsBwQWONPWL-2FB6SmCqkrWqrbDdXw-3D-3= DsYzq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRV= OBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth= 8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5= -2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph= 2VTNhto17lmoU68DMnHX5FSBegPCzXYdNJjV-2BpdH3Ms6vves-2F1uSJ-2BBFp1lJjQzl2-2Bd= TYVmhUhWqoD-2Fr4yxYrJPcrmkss9CBVzLTRE2-2BluAslc78kHe4PRMmMuVdOliSTfwvsKAWpg= ZSneDJCDGzGRwCDVfjX3RE8tzkxRsT7Hy1KSxHRX94L6IGF0lG4ZNio7X5fKRve5SURrABqs27j= Lx8ztPukfRr-2BJkShxm-2F6LWaZEzbL7NiVHTu9JmBJyWJjvW5qwGmIat2KTaWcNzWbbYTG54f= trDOSsLlfAVUgNJ-2Fmc"><img width=3D"460" src=3D"https://img.pitchbook.com/a= ds/ad4561/Churchillmarchhba.png" alt=3D"Ads" style=3D"padding: 0px; margin:= 0px; border: 0px; display: block; width: 100%; height: auto;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>VC Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXh9XizRy8R-2FygFw2FsBwQWp5KcyJ8oOY2mtQu= eY6GFdQ-3D-3D_Lnh_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPe= lC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMP= zHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy= 7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfmemnkmhrqZ-2FxLIlGCIjgUiYtnut25punUoiC= l63wuIQ-2BrPPbpPPMvExeVXr6vvw1msial1IZNHbvLgdBu5uNup-2BwwXZO1w5j63UJhiPzlBb= wkJKPuwEwmZ5V9EbZI3U870hc9n33v72ug-2F0HFqU-2F6ZVFU27nrCxuqtVjRKQjS4bKqmMdO9= 8HaC84DqiQx1pp-2Fo3ET384ydCr5w-2FS8guWagaR0Qicu9nGw-2Fu5R8t2JRq4BHQm76bJdrE= UEQRWPkN2z21xy4xobpfZOzvGJIQyg" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Mercury</a></b>, a banking-focused fintech specialist, raised a= $200 million Series D led by <b>TCV</b> at a $5.2 billion valuation.<br><b= r><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXh9XizRy8R-2FygFw2FsBwQWWeHIWdT= c6FsSDLInS2vxtw-3D-3D9JX__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugEL= q0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNc= aof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6= -2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBdDKvbXvVKyvZFdnO-2FsWKaoWAn7VHc= xaGBqovj4qmYnbGfzPaFYMKrZEnt-2FAkwThPZRAS6MVyS6f92d50nhdxDTMDJukI2phJUAevjv= -2FOjVpmapz0Sab7Wazhb3EaZEabO922v4wJlWPADhgNJXv6olnJ-2BJpsWtlWrw90G77EDW9Vj= r5Ha1BsHwEpxe47ZzgENGLS4CQO1-2FdUPgFwdDDoKyESe-2BtK4VF0wx6qKvJcn5ln2bnOzG5x= iFlpFJB4KUveQ3znkBVoydZSdzYJUsB6Hd" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Primer</a></b>, a London-based payments infrastructure star= tup, raised a $100 million Series C led by <b>Sofina</b>.<br><br><b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXh9XizRy8R-2FygFw2FsBwQWnyYereyvDD6sUgYvkyD= w6A-3D-3DtAU-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r= -2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm= 5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7Xkh= R49ueeph2VTNhto17lmoU68DMnHX5FSBcawKQ7fc20XDFINDt9-2FqT33xQAS6e4rZcnZGJsuNn= 7nxI5Ul-2F9YzS6mbYDEKmul2citqXj9QrUYoDr7gnwcTL4J9vx84Aw3Mxv4gtOXoA8E9XuLG9f= Xy8f5izJmfBdlk2H0NPXpf0XJa-2FOlpihE35FK9A0zpHHqMu5H4qbZIXcSzwii-2FvSSZJ1wcA= MoQfqAmdFn2Y-2FTXxim5IspcYOOER8pv0oWuzXAftQPtZWsOsFUuuKhqj4vAC-2Bun6iceXu6l= zMSgM1r4dcDaXoNJfSSANU" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">Variational</a></b>, the developer of a decentralized protocol for cryp= to trading, secured a $50 million Series A led by <b>Dragonfly Capital</b>.= <br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXh9XizRy8R-2FygFw2FsBwQ= WPaJl14iqccUn2vm4swVgbQ-3D-3D5yE5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPS= mRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3= -2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMK= woxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBd4ZahhCsuqrCeSbP2Key7H9= n4DDsGmgvpbr-2B-2FCwX2VdLNxksaULTb2uicZNlXhyjZMiYuYf1tlhA1RxWXFhOJIR0cMpZ3z= TQ7j6dSrejQbhHTCdRWk-2Bh88ltG4KvTW0R-2B5fL43fO4wBx5swZRmLkanYSNKamOACHhnate= Q5QjUyIhJMt93d4xG4EcChPOC-2F7OwFGusQyYDJ7gKSRnqH6yPmT8TaIPoC7DnF9F1vGLwhgYl= o8tOX-2FGefULi2Q0dzgy64bv7xH-2FhUBNTX26zAWH2" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">Catena Labs</a></b>, which offers tools for AI ag= ents to conduct financial transactions, raised a $30 million Series A led b= y <b>Acrew Capital</b> and <b>Andreessen Horowitz</b>'s a16z crypto.<br><br= > Houston-based <b><a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzXh9XizRy8R-2FygFw2FsBwQWeo-2FicRAxbNRccn6d46uZHQ-3D-3Dc6nX_Pr96= 6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyj= oFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb= 2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1t= RAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17l= moU68DMnHX5FSBdelapxQ25IrleCUvvOt7Fx6N0QGQ5AiwPGtBXq7lc2pAoH2GTHIgaXQG507G8= Wyx8XgzPB710KCqaZS-2B0VU-2B-2FsGfyAkQZCF3kCscBtO0NsBQG3YhYqp6n0LNkWxz10a0Vv= 2JPjJVriBv1455ZOhh7b094qddYumUeqUB-2BNyQsqtmnwtkjCHJW6Q5pGkOVuolLaKCZsWyzFm= -2FaLEnd5NKPYp7mDAE-2FI3amcbgtC3gPP7Oh9MRatw13V7gbzyG6T1l-2BFlkE-2Fl-2B8k1Q= 13dnbNtprB" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Oorja Bi= o</a></b>, a lung disease specialist, launched with $30 million from <b>Wes= tlake BioPartners</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.= com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXh9= XizRy8R-2FygFw2FsBwQWdHBqDWGYzJwDPkhlfDXC0Q-3D-3DejvT_Pr966knuaHmaw6c7pKvB-= 2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0L= c1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qm= wwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzW= eOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfEG= ZonHy-2BkV6dvZkHqUCOMRWr95mkFAx1G-2B6K7MrzxioxShuiV-2B1B4UkOaHAdN6tF1oR95J6= 7IJcQdm0cfea10jFw2fu9KEnLM2ITonPRfns2D9IHtA-2FHKSIvcyi2iLvD-2Blv3VE9Stf4VOO= 9nTCD-2BZ2boAFqfkGcUYzoIyiNFHysz-2BggU0t5v83zYdursogWxLIBOuIDdi00Zz3tromtVh= 0Rg15pLDqsn-2FYowJswYZ6BXQMu5-2BBtgpGvjQq4o-2FjxrqAM7o-2FqS9O2Q1KYcio7gV" s= tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">CircuitHub</a></b>, a= UK-based hardware production startup, secured $28 million in a round led b= y <b>Plural</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9vsWPW3i= zw2uVctBsCwOqBPS135ZmHObg5Ce0aw4qQQ-3D-3DIImg_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1i= XR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXi= ri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6= lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfrK2-2FAX7z= ocshjW8g-2BxWrKEQtMgjF-2F68wIaA4hmIBZsnYZLw8fqEyccMVB49fJcGN4-2FyxBxv-2Bc0E= w-2FEps4-2BF2Ig0uGrghqHIYuARz-2BQ7YxCMLQwSV2Ewo1BOIyG3cRiJpJxqN7Kp6EG-2FYAR= qWM5OsmYF9eUHJVSfJAzH91f6EOLsVdxTrx-2Bcc8nu8ttklfTLV3ciOvsvCg7D1vOxr-2FqAb4= 6lXRtV1vnT84Cbr0wXhLphuQNzvjI2m6-2BZ-2BAe5zio2iJLLfoE6aygNGC75iaCmee" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">RemotePass</a></b>, which= offers an employment and payroll platform, raised a $17.4 million Series B= led by <b>EBRD Venture Capital</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_580614" id=3D"n_580614" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> Don't miss our upcoming webina= r </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9vsWPW3izw2uVctBsCwOq6MmdBCAn0xrSj= 65iefhgXQ-3D-3D4BpW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTw= PelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60v= MPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2Fxsr= Dy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBdGd6EyZkXQVkHwhLsIxiE1R4YDX-2BIplBlXD= 8p5D9b-2Fzs8tLd-2BnaG8Emw1yDtbEV2wTZcrGHR-2FnM81LCyNM-2Bmu96TIyLlTMHAYVEGkg= BGfQhALdlphM8x490jard-2FbAV5MCg-2F7aIgdkvJwYm-2F-2Bjq55OrxiE7TLz7cpVC7OBdgy= fydgcS4BzTNbfQlLNxJgVyEzh4IEwGmfSlUcEvjKL8vIz3Xhe-2BP8RN47j5qZR3GNThpwwcIh7= zmyi2tUYiBsLP-2FDtXNd-2FkxUXSNgFXqsfmNPw"> <img align=3D"center" alt=3D"" s= rc=3D"https://img.pitchbook.com/news/74168.png" style=3D"border: none; widt= h: 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">AI-dri= ven market concentration accelerated in Q1, fueled by some of the largest d= eals and exits on record. While these wins signal momentum for a select gro= up of VC firms and companies, they also obscure broader uncertainty across = the market.<br><br> In this webinar, industry experts from Pitch= Book, NVCA, J.P. Morgan, Dentons, and EisnerAmper will share insights from = the <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9vsWPW3izw2uVctBsCwOqFiVMKaZzdv= WuvrT-2FDrPXLQ-3D-3DiT0j_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV= I43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq= 0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNca= of60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-= 2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfAt64UvVJG1KLip7nlDcZ8sQqlvJ0mfv= c8SjR612zc6xW2aJOBvMtJ7UUaOzlUioqMrL5mCH2klFyfVNSiUX6YG1pYd1PNwbMWBYdSlcFk3= B0wPpZCJjKc1p1OsfjdF-2BHy1G7jO-2BfzUHUQPmBrLTKeblZDuZb6y59UMWTfWwMVgjQRSpNw= RNI6ItBKECQdQo4Pa0xKkswYtCMCCv66nd2d8tXtaCMj3sJi0nFJ8oNPsUcPdnIuNeSZA3-2BSB= Q0yLt7DP8FnwQe8-2BZxofG-2B7Ulm3" style=3D"color: #1D5080;" test=3D"" univer= sal=3D"true">Q1 2026 PitchBook-NVCA Venture Monitor</a>.<br><br><a href=3D"= https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzW9vsWPW3izw2uVctBsCwOq6MmdBCAn0xrSj65iefhgXQ-3D-3DN= Ayd_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOB= jeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8k= vLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2= BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2V= TNhto17lmoU68DMnHX5FSBf-2BI5UMWLDG-2F8JyN1hy2jmj0CI6KxvZjjFGeSL-2FAXSf3HyVQ= Kn-2FJu7Wu7B3jjGvnJr2PpJHdO-2BTMIba6hRFIB236I-2BKRsb7BlUGEADc6rrAG4PRzb2SAk= xOjQsWb-2Be3jTlRQ5qVbAvJGM4dLXa-2F7VOd6DaqAn8aotL2o85v3koVUqgVIwCIaVSYQzFkK= 1w03DtmyXB6pXzL6aKxuVd2Ubw5WhHs4erHYaYzz-2BP9v2BaR3aGRMVXrMh4kiH6-2BjZ7vO6p= MqvZpSiVwpKp8LSR3ruk" style=3D"color: #1D5080;" test=3D""><b>Register now t= o secure your spot.</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">A cons= ortium that includes <b>Ardian</b> is expected to bid on a =E2=82=AC10 bill= ion project in France to build a large-scale data center campus.<br><br> PE firms including <b>Bain Capital</b>, <b>W= arburg Pincus</b> and <b>Blackstone</b> are considering take-private bids f= or Tokyo-listed logistics services company <b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzW9vsWPW3izw2uVctBsCwOqAPJuOSMc5cgs4r2EnQNTKw-3D-3D_lIa_Pr966knuaH= maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptD= bQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO= 9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4k= lOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68D= MnHX5FSBfV5ycNaHsm-2Bc-2B-2BxwfTrtwIr2PP1ZtA2nkXlf0pwnA9y-2BP-2F4MZfWOI6XFm= KjZ6-2BIQZifAuQR-2F1H6J1HHh2u2Qua-2B3wNCFVKuD4T9FGT-2FdzX5DhnjrC4ktVIKMCiul= 3ToEvZwMT-2Fk5FrLkh2F8V0UH8-2BO1nJx40kE9mXRhoGTQVKsTQSznXiTRj9E3B7D6abyoI0X= ElIojVguSyOXFLLEsemDxzTrNwnx4d1JnNDqz5Nd39KplzCxsfc0JNwHFCl-2BLOsV62S2YevFB= h8CC-2Fw2WMr" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Nikkon= Holdings</a></b>, which has a current market capitalization of around 730 = billion Japanese yen ($4.6 billion), Bloomberg reported.<br><br><b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9vsWPW3izw2uVctBsCwOqS-2FM-2FZREyp-2FvxB4u= WUxI04A-3D-3Doj9g_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPe= lC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMP= zHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy= 7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcZvozdKr6UUuzOds2n8X-2FU059ck-2BluHaLYb= uRaIZdIe1a5yB0pWB4g4Bi7CzOz57EVYMwzo6Rqzx332nTrm2d7CEKxSVlghhv-2Bi7EW833tMj= K4eYxpEddXVI7bkCX-2Bs6DIZYA5ZSoack6MGvaPagcgTC96ot-2Fekh9XV5owLXgBWQotTxE6i= W0dpypHD0pYW4bIDU4nLZNvRv2XsKaynoF-2BtI-2BeBQWZ4iYpv3YtzwXo-2FASy5l25p7p2Qk= Rf3GScU2LsxAsDy7ompUb1XKydxw7q" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Findd</a></b>, a Utah-based developer of an AI workforce manage= ment platform, raised $21 million from <b>Unbundled Capital</b>.<br><br><b>= NGP Energy Capital Management</b> invested in battery energy storage system= investment and operating company <b><a href=3D"https://url6380.news.pitchb= ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou= zW9vsWPW3izw2uVctBsCwOqj9xAbLqCNHhsJU5kbcfSvg-3D-3DYbxs_Pr966knuaHmaw6c7pKv= B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI= 0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2= qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRly= zWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBf= TjssU0nTpVQ9lRwVYd98vQn63SKsS16L63-2BhSR57KRD-2BfTWo-2B-2BFQ8S51OrmjA49uHCd= xEeMSNpZKzFBFwn8gkDiwKBu8UKede-2Bp9bgx-2FXkLUu4IfgIfQIHK1dlrrCeHZ-2Ffs-2Fu1= -2Fd14a8iqKp-2FQQtcA0xvbXKOyMZ7QsTqZQKLYkzoXvTc6rdBi3LdZddNUHK2k5hlJ1ZYWEHM= iQOSE9uk3mqsE6gCjKwr-2Ba-2BDSf16he4cgI2B5O4Xj5Fzm4bgXYj75I5uh3NCLzJenR4kVwY= 5" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Actuate Energy</a= ></b>.<br><br><b>Eurazeo</b> agreed to acquire a majority stake in <b><a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9vsWPW3izw2uVctBsCwOq7a0kNif69UNy-2FEPKd= KT4nA-3D-3DSUYR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC= 3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzH= Im5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7X= khR49ueeph2VTNhto17lmoU68DMnHX5FSBcB-2FKiU2-2FGDjIRi4k4b-2B67jeYYNLX1EUDDlV= IfOW0-2BedmHeTrWDg63ERx1I5Zb4yOKrOAYDJiNcDv2VuWcZPDqh1r-2FgNy506em-2FNevvFP= w853sJSzARxN8G1CqOf2hgHDnomrgpF7ZYKmlhqvUK-2FEYzqpDaAIS3XCt-2B0gwMxgNTXjsdy= zzHtbrPE6DKHtpqsvWKsrv2fcPPlBikcVsKb1iKv8pkMHLVPUJ-2BmemGQJ6oOhYyJ0iZrwWsc7= 4wsaDmgzvjFF0uT3eLbAPS6bEAVFwh" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Nextron Systems</a></b>, a Frankfurt-based cybersecurity softwa= re company specializing in threat intelligence and forensic compromise asse= ssment.<br><br><b>Sageview Capital</b> invested in <b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzW9vsWPW3izw2uVctBsCwOq7XLRlW6E30rGSjIMBXpHaA-3D-3D50xi_Pr= 966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqs= yjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLD= db2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L= 1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto1= 7lmoU68DMnHX5FSBfXmUj-2FqRLB9sWOJsdgNXFO6X-2FzIHZnBXWGVGo5uIa7DFxikKIjnM25Z= GUcJKXjHx9i5fcGXiDuYouIIlSR1ANrn92Qu-2B9S5n4kQxKJ48T19QhCniEAuh-2Byo1rCBXVD= wkX5qldW-2Bz2Gb-2FjWZqWOKlhRLScA2-2F9Ejmj-2FShtsluedOCC-2FsF4o4bAgHIpKRcBky= WG7LfmachvUmxr-2F8J0NzIcCNoPDNvIZwM3Osb7F3fT4lIZOlwYZqtvGCqkaty9IsHJzHIfHtd= O50-2FDWKl8txbGS" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Al= acriti</a></b>, a fintech company focused on payments infrastructure.<br><b= r><b>Tallvine Partners</b> acquired San Francisco-based marine infrastructu= re services company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9vsWPW3izw2u= VctBsCwOqIDmqypEoozKFxEP0z-2FRdfQ-3D-3DSqWv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR= -2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri= -2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI= 711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBdKN7kl8kFK8q1= CGiXrdGcezSUogvFMBh6D9CNkPkH16MCO-2FoBANBLahMqvZm3BOXQmNpUVb5Pzoc0eP34dXRm5= Z2SM1nlIO0-2F6GECqGlLx5Teg9PX3qoqFCcvL5pSS3IkBfOHB-2Fp8-2FUwrTX9KU-2F81SshN= rwEA-2FQEU7oE6lE4NwOCDSbbvGVHw-2F0QNjKTIKGMp8HtJUs5r8pGNFWLSreYcpC1ZVzxeZgs= MxcS9dbONDL2qZ3iJIyK0WYmtyjbp64jbyqZ7n7HUf4Pf36eBU3Bl2" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">Lind Marine</a></b>.<br><br><b>Gryphon = Investors</b>-backed <b>Southern Home Services</b> acquired HVAC company <b= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9vsWPW3izw2uVctBsCwOqt0YtBQfdZUzp6= wc1VCFugA-3D-3DuKBM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTw= PelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60v= MPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2Fxsr= Dy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBe-2BkscPRJLZ0rBW-2FeUCnd6L3nW8ecB-2B-= 2FNXnWaum1WbwYD0se2TuVJyYx0YEjLHYEfpsU6xSll7uAKiDRNJ8p9QaFFtSEIsBSR1GQ-2F2o= yfEr4MzWEeBBOwQVoNY4w1M2SWsTYgG1j1z2Y8c5wSZUe7J-2BMJTJ9gDtRUoK6y4H2EYjOqTxD= vmjkCFHwbrLk2Sprnnzv5WKJnNGyfgV3mHLzEVbQCLlRA2cMVESo0h9Y73FXk1s-2BE6xlt2I3X= NL9AveSGmI-2Fr-2BHaQRsTZqNlzHvUzI9" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Blazer Heating, Air & Plumbing</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>Portfolio Companies</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>Hg<= /b> has spun out dozens of companies worth a combined =E2=82=AC500 million = from <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx46ozPsM4nNIBZwpJZT9-2Fn= gM3RsPwKdF2eVMfzPw-3D-3Dk50a_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4= BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDu= gELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZ= fNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfq= Sd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcFeFnTOkO9-2BDxU-2BzEtDvvdjj= B8RqM-2F4umjIhIIuJ53arNJMT4usFBm8nVnhysQzEQj4l6MNVP153uvUx75qJ5HzI1rO4EHNrc= -2FuOzw41SGjfKcgOibBW8uXrx0WYCPlyoSWlvNjpMvtuJrGf6rUHXR7JK7JlMGPqo9-2B3x-2B= si6oS1faKSqEJBYaWpwqpMAbZGpGPv8JLfI2qa146fNr2M5mMGKbzwSlPVyYWocxreZ6Dskt9qg= R4lpD2DzXFrNy0tdncFG6SQzxdcTG9YGb0LVU" style=3D"color: #1D5080;" test=3D"" = universal=3D"true">Visma</a></b>, its Oslo-based enterprise software group = valued at =E2=82=AC19 billion, the Financial Times 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>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><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx46ozPsM4nNIBZwpJZiqQrGSzm5PCeeN9q7= NtOFQ-3D-3Db7L0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC= 3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzH= Im5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7X= khR49ueeph2VTNhto17lmoU68DMnHX5FSBc9EQgJFdGFaOzGKpkm497UTLK-2FrBZL06I4VMbRx= nZ5MljNl-2FedlhwK2Va7sAF7lwNJyetdrehB4mtV-2B8VnMGT-2BT8g8VIh-2BPEeU51O2F-2F= D6Cn5U6hTXof-2BmD7P-2B8xdiemD2p340mYLhI7RxtK0L4X7r1A15dkqLkk-2Fs1PmTu1BZGfa= 2SemyzaTNRgUMnfNk8nzGsief4ITdXAdVr3Hx-2BEMKker03TtUz5ImOrW0JcI-2B39f2dh5aMg= ImqFl2KDAv6IF-2Bw-2F2jQT1vLvvJ5s-2FZFH1z" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">OpenAI</a></b> could confidentially file for its IPO = as soon as Friday, Bloomberg reported.<br><br><b>Tether</b> acquired <b>Sof= tBank Group</b>'s stake in <b><a href=3D"https://url6380.news.pitchbook.com= /uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx4= 6ozPsM4nNIBZwpJZKMx8KoJYJWHnTcJiPI9R5w-3D-3DduLg_Pr966knuaHmaw6c7pKvB-2BCEi= Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocj= o1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsg= vXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDT= Js6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBdTo1vlJW= vzgU9-2BNg67FSV9y8VqUI1cly22-2BPn6NAb2EaJPCeeS2svKsKxwbVa8QBITGGKOvNMvsaEqx= rjERaAiSGxa-2Ba37Mm9merUEXpM0JLlDgDw-2BtoCgG-2B1jRqxzedxVdz4WFWhPE2PLqdBU-2= BT5RA7NXnJtfv0h1cxxXFjS3sCdMymhHuIaGRYi3tFBSGz2-2F7Bz4zAU-2FejAwEIvtr-2BB-2= FpBnEZTKZ8-2BVdcLN09vG0zoFg18yI4-2BFWZo3R-2F2gbiK3rV3u0QqpTL9ZPpIfQNNXS" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Twenty One Capital</a>= </b>, giving Tether ownership of the digital asset treasury. The 26% stake = is estimated to be worth around $679 million, Bloomberg reported.<br><br><b= >Revelation Partners</b>-backed <b><a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= 1fDx46ozPsM4nNIBZwpJZ7bpc5hJSjRVn3PB6T6u69w-3D-3DEvob_Pr966knuaHmaw6c7pKvB-= 2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0L= c1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qm= wwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzW= eOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBdMv= WtCKORymWgktJjgG0weQxDUvuxsBe9FQgKwlrTaJ9BB-2B-2BcIY-2Fsl7b-2Ff0UyaGP-2BsTL= nsIiohZcOKmBsWsm3LjZGAIPJFR4o-2B-2Fo8t-2Fi2qjI6gff4JL33w9l9gZLPCAHNBEISIGfF= t4IlKq4Nd4K0LxNfkS9WkKhO5a8l9-2F19fW60ds87CMXPRJesTTdVa1I89p1Jo8t4JPH4EDu-2= BuhEatw3lmvKB5MKH20ujZy7GyC9e3O-2Fmxv1Ou2GofJ1Q-2FSyqaSHb2e7wvlAiLDz5nhTrx"= style=3D"color: #1D5080;" test=3D"" universal=3D"true">SPR Therapeutics</a= ></b> agreed to be acquired by <b>Medtronic</b> in a $650 million deal.<br>= <br> 30 days after its IPO, <b>SpaceX</b> plans t= o acquire AI coding startup <b><a href=3D"https://url6380.news.pitchbook.co= m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx= 46ozPsM4nNIBZwpJZP3odNoOa-2Fl5UOJ-2B9ST91EA-3D-3DuikT_Pr966knuaHmaw6c7pKvB-= 2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0L= c1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qm= wwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzW= eOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBebg= sgO92QIJeGtUeOjIpEByVqwLiB7X-2BcnZUF9wVwxG8smTPTQ0vyIJCxwOVTo04QxjwrXyoTvgI= muH-2BKnJ05DNj2AJQ69Lyh-2FWeWA0JitaZGSL5HfkJ-2BiI3-2FIw91HTJjzMKAAAoo8m3JDf= ltDxiLHUdUmi88irlKnk5qFDoBllXjelAoGgtMjO5giRij7hAHSWfCxALohiutBwJbX-2F6t6Jh= laoZ5X9jbeyPqIiMTxahzaSVBzgSx7bkQCGdrPIwYcZzmubVy9xxYKhNofVrp-2F" style=3D"= color: #1D5080;" test=3D"" universal=3D"true">Cursor</a></b>, which is back= ed by <b>Coatue</b> and <b>Accel</b>, according to reports.<br><br><b>Estit= hmar Holding</b>, a Qatar-based conglomerate, is working with <b>Rothschild= & Co.</b> on a potential IPO of its healthcare subsidiary <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx46ozPsM4nNIBZwpJZfRDUZ9ZopzWs3xWXva18H= w-3D-3DqDEr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA= 68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2= F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5j= efrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR4= 9ueeph2VTNhto17lmoU68DMnHX5FSBcb2rEMCwjsLb0PDniQ9tMFPn-2BkWsh3Xaxuu3uZQGBaZ= tu2MY-2BpsUl8wCm8EpN8zt-2BWn190pFvTcZdGF0wYJe654dtwSt1JSaM6ESq5nHx3qg9CSNZS= wT6eJNsK1ln28QsOWm6BCyuHPrg6IrH5-2B2ljpXZ7UsDVQAP2N2aWuWprSWGEV7hXNF7iVVRii= hc7xyJZk-2FZOA181Ld8j2eNk1Fw-2FOHDRf8-2BO1yHmYCuDuYcK1zaDlZvW1GX0qsd-2Fwzs0= nOoeS2PMapA-2Fi1YW5x06sOR4" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Apex Health</a></b> on the Doha stock exchange, Bloomberg reporte= d.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx46ozPsM4nNIBZwpJZ9= uGm0ibHtFkkeZ2Uy06F0Q-3D-3DRGTf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmR= BDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2= BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwo= xfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcKNM6Vml-2FjwGeqqJ-2BKsY7= oUrLyxYxnjPlvHWUWCS6mEIdIbjDfuV4pOsWmq05sbdriLPg6Y8ju54WrorbeqSYtOo4-2By-2B= 4IloSHMwUYfou8AoUkMkg6ccs4lTTcVzaFlMFRMQXFpKqJJKQ5WoGafVD-2Fo-2FCoR6QrymWM9= gzKQ-2FUbz-2FgXAKM-2FfLvWdfRXbEjXcTU-2F2EvPeOJQuGVhCaQamfWeX2ndr3xI5xRJL4kW= g452ocrU8fZvlGJnUbUc1E3RgadN5afnxH1o3yBoofpIupzF" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Dina</a></b>, the developer of a patient care= coordination and management platform backed by <b>First Analysis</b>, has = been acquired by <b>Integrated Home Services</b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table 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;">Hong Kong-based <b><a= test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx46= ozPsM4nNIBZwpJZL3sFCDzqzBm85kMAqHPTMQ-3D-3DrqgH_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo= 1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgv= Xiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJ= s6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBf7VwazN-2= FKVNGFc6-2Bc2aQioYKGWPcY-2FIVRGbqaKT1xd-2BJRZpDMTMPBzArwutYZ1eG0FVfwYppTg-2= FjKMmQJwe1BtoWS6bZrloPxRJPd81-2Fj8BPA5-2FSLaejkDfFaKpnnr9NnMQAoTEAkcTuCBWWZ= NoE61xD7LZHJYQCVzxsBSWukIsTqh3FffAZaSawMlHG2inmY60h44jLMwNxr77Wco5vArr1aJCs= pn-2FQ4hiE5IA1FI7UWVcq5l5ZeTXQJFrJQm-2FZKrodnzkKXlza5i9i50aJlF" universal= =3D"true">IDG Capital</a></b> is seeking to raise about $2 billion for its = next growth fund, Bloomberg reported. <br><br><b><a test style=3D"color: #1= D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx46ozPsM4nNIBZwpJZ7pVdu6X7W= gOuL-2BbwIhLDVg-3D-3D7aHX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugEL= q0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNc= aof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6= -2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBc0mFtLyct2MSKHVzL-2FfpNyMzvsW19= AWEjeOqo4yzoHOR2oi0OWEhqpwGNqL7lPi7BmV9uuL0-2FSFdP-2FhRN5oku8Xc56NHns994WGw= zGFHIKmD85nehlImZsOENaaIQmNQcM2Y3-2BkiWru0chzLUV55UwNM5aDiwd8jveH3L2VlpG9WM= gEHPGgDVz6yxym8sZf9XOzx-2FOAYJxVhtYrjXdtSZvbhDPDYEzpSnyqS7ObLEj-2FfQik5P1Xz= -2BSqoXza-2Ft7E3Dgp7WJKygb10WzwcBGCb-2Fp" universal=3D"true">Eurazeo</a></b= > held a first close of its PME V fund on over =E2=82=AC1 billion. <br><br> Los Angeles-based <b><a test style=3D"color:= #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1fDx46ozPsM4nNIBZwpJZjEeiXM= tu7Y89gEdOu7OL5w-3D-3Dbbfa_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi= QVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugE= Lq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfN= caof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd= 6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfUnPri9-2BZ1PqJTWo6UQ-2B1ha4a-= 2BapnR8hMYj-2FIPJg9E4-2BOtKl78D5I2DkbPFLq-2FJLH-2FQIV4EFp8R-2Fw0LqLviOZpvdO= qXMMfc1uURFzA-2Fl9-2BCWoRCMGWgF3LJpD3ZHQ-2BXTRiSCMJ1XMBZGDa2A6ZHo3rGIkRZYoh= AXXhVwYPNKuzd1EjC1FFEp1kfBEpjYzhZzj32o4P54xqRODz9iAi4UfOvlelSJaOlbESLk34lRw= rt7-2FCnYPoVmG5GhS6Nd1bIDVXvXwsvHEMx-2FMTNEhh4Y6-2F" universal=3D"true">Sha= mrock Capital</a></b> closed its fourth content strategy fund on $813 milli= on.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Investors</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table 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;">London-based <b><a te= st style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfidwaPrY8= lV18Wz-2FZ-2FgA1KAqGBMbw438-2B-2B-2FgdCl3Iiw-3D-3DpagE_Pr966knuaHmaw6c7pKvB= -2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0= Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2q= mwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyz= WeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcb= pCLDGG-2FwkynqW8kJKdnVesl4IR6oCrwxELJ6h87Rb3dO454LUAPbf5odwXsOTjsW-2BMtgVRt= dO-2FaLAf76Q-2FYATNBHkEFWhbj-2FOVFiBewR78KkBFQ5Rgz6bUdZCbu-2BzAAZJnuDkDDfnD= urwwbF0LPvM1BJqFqnXX3CwpPqcbtNzYc9KWcGaOuWlVL-2F4qWGSwQkUJmBbUoM6my-2F-2BK9= -2BmRCUQiwYNwJjikJxhC9oOLrA852yryQlMZpvDOcSt1cw-2F-2Byod7qqB5h25SWTFwKlCFKr= " universal=3D"true">GHO Capital</a></b> and Singapore's <b><a test style= =3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfidwaPrY8lV18Wz-2= FZ-2FgA1U5r1x5mB9YsPbM0Xs1eX9A-3D-3Daib-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ= YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2F= vo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2F= ZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711= lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfXCYyifr78pgYkhZ= xKn5W3k4oyUd-2FiSPhZ6Zg9-2BLb-2B9QzMtl4fCpsBAJzgRjsegJ3YFPKQdUrOB9QwCYxyeYk= iAaX-2BPxMIjVN11bBfFyNy6iu4GMOgZrnYxJ-2FpR5VjU7c9cFK67w2Rt4IlHyGHVojKhJYl6H= 1OvOSDvrBA9EMIapl9cqL97pcKNrkYM-2FUgGebp2JFFIsDa9jR0iXqvJ7bSrd5jTYfB8N3E-2F= awG9BXEvnhfBG1F0uebQixW1A6H-2FrtvvEEGq8LCpiTGmPmwakVO" universal=3D"true">C= BC Group</a></b> agreed to merge, creating what they say will be the world'= s largest dedicated healthcare investment manager, with more than $21 billi= on in AUM across 13 offices in North America, Europe and the Asia-Pacific r= egion. <br><br><b><a test style=3D"color: #1D5080;" href=3D"https://url6380= .news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq= M7ONnvsnswouzXfidwaPrY8lV18Wz-2FZ-2FgA1gRULJbKoY4Jx33LL9yBmKg-3D-3DcVyC_Pr9= 66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsy= joFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDd= b2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1= tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17= lmoU68DMnHX5FSBcXJwiAxS6noatR6gHNICQXKf5MXFXRwEoSSvHxlEo5Uv5P-2FITJnewwJ-2F= SXzbwsmXXsi35PKPEZXTVVolIu9p5AD68MxfnrY-2BBBd4ou-2B6FOnx-2FGBxaN1SfHJ-2FtF8= B-2FCFmGgTrnrzZm28QHcHS9ege4VyBDr92EmcfptgrvW0MaR4pilFAt24mmeNo-2Bag6TDuCRt= qxru-2BZaysZhzg5d-2FQmNJG39WAy56dxxjRZrsPFbHWsnmZpLVcVkE90aRzo-2B7LCbci3tI9= Zq9KFPkIdnV3ZmT" universal=3D"true">Blackstone</a></b>'s secondaries busine= ss <b>Blackstone Strategic Partners</b> and <b><a test style=3D"color: #1D5= 080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfidwaPrY8lV18Wz-2FZ-2FgA1Z6RkpFz= AJh07jIlcDpwe4A-3D-3DXuQt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugEL= q0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNc= aof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6= -2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBcdTqZa7XaLc1lxSu-2BJlUbMlsDbZjh= 6PxxvwG-2BIf-2FCIPSsjCsAz8A7xZs-2FHsaJJX5qwK9gGDQGLmQGOEmjQ7g2BekNw7FReL-2F= CMzKFTMr2sfgXDPFVncKsViMEyCaJLQ3yakPB3VgTsYbRQgobfLIG5Riusa-2BuYK5BQELszRG7= zBtYkoNjItO8fpPLaMxczg4W69WoFQgxmJa0FtEY-2FFdChWfE1wOYsmN2xC8eTyPzLKkDpI00m= ncDK4JXjBp1J30b9ZjLOcBS-2BOQlUX-2FOsjkJp" universal=3D"true">Ardian</a></b>= acquired a portfolio of 33 limited partnership fund interests from <b><a t= est style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfidwaPrY= 8lV18Wz-2FZ-2FgA1uF3YHXXuYwPJlAXuPBE3aw-3D-3D6A6I_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Oc= jo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLs= gvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnD= TJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBfxWYG83= 9v87mczQxW61MuTGI9wiguIi9AzCb6Q-2BFnaa2xqmzVD-2BEt27T1V-2FaWxkoFfthnCtBOOex= rtZPzH8GylamcjiYaU8E4DPqzMAdna5Y8dlB7-2FFBPM0p-2BlXUr7NUVzpHyC7oykH1bDfJM5B= 4dIwe-2F-2FD55rroMwpTJEtGlz-2BKYTQ6ICdyJYv8ELSxa2jaGQ7Rt12iy8zeWPIKoditIUkr= fe3HBGjXC3uj8PBIheToNfIkowiYk5AE-2B6GXSs2YAhhWq-2FE-2FC61E4etJqgb13z" unive= rsal=3D"true">CPP Investments</a></b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfidwaPrY8lV18Wz-2FZ-2FgA1H6lIT= RnTkx-2FlXal9WhZfBg-3D-3Dy_ew_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBD= ugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BT= ZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxf= qSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBe3ohlMhEyfZwVZxDg3cA0yurwa1= gSNaYCxsZQp892qFPO81WKHGOe2yA6qYWr1Spqh5rYIWfzHE-2Fxa0czvK-2BEPsx2Pk-2BdSKw= 6e9FsPrFytMCGv2nrxpHg50dDkpyd7VwpYpwo785rSJv3j5nPgyexzI1H0BUF2hqLbVyGHj5MXg= clueSKFlJCGTRrkzAlYiEm0x4N6-2Fdd46-2BXe2RRifQgnfcy-2F-2BZbK70ep-2BPXrcGJJ1I= RTlP9nFa0kAO-2BO2L0sEiWcnMIjp9v-2FBs7-2BO5d8jhCe" universal=3D"true"> <img = align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/74414.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">Europe= has pulled ahead of every other region for climate tech VC funding for the= first time, but capital is increasingly concentrated in a handful of deals= .<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzXfidwaPrY8lV18Wz-2FZ-2FgA1H6lITRnTkx-2FlXal9WhZfBg-3D-3Dsvte_Pr966knu= aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwp= tDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhG= XO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx= 4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU6= 8DMnHX5FSBePNUBXZQZEEsvxGC8Xhrd8dhiG9-2Fp6zAYH-2BAqekj4cDfSsHdT6Wct4xa17STz= 1FRb1ajiarJxndQIhvvNN8nRrGuT3sO11Kzhxjl5Q6Xs-2FB90cN44rFtlr9LODKSYxcJRu9WrX= FG728oXPsdlPhnIIjy2TzXKEEBjoHuyM-2BNpuwoM4N6lXA-2BCXfcQ09g2qn-2BbZrz8nGGwUj= DJR-2BVCI-2Bc-2BRjGFmqvJPnrsrWHKTjuBahLGyAW4atopo2ybC75Z5C6c2eOXpzE9DqVffYr= omGgtR" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Fewer deals,= bigger bets as Europe leads VC funding for climate tech</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> </tbody> </table></td>=20 <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r= ight" style=3D"padding-left: 20px;"> <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td> <table lang=3D"x-sidebar-block" width=3D"140" cellpadding= =3D"0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td> <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad= ding=3D"0" border=3D"0" style=3D"min-width: 100%;"> <tbody> <tr> <td width=3D"460" class=3D"container"> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor= der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;"> <tbody> <tr> <td style=3D"font-family: Roboto, Arial, sans-serif; font-= size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c= enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfidwaPrY8lV18Wz-2FZ-2FgA1TxfcjNa= jU3psi2DEe14Q5Q-3D-3DyrnL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugEL= q0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNc= aof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6= -2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBeVAe3EPKOnfTOvv1agAX3E09jrYNFA4= 05ftms2dAD4-2F4GIf-2BNKl-2FVVriG9qZNwW5iZ8h8kWQduyadynxqUt6oJU5Azl2g8dZ6WhT= NStb1Ww6yBBqhQbawXITHa-2BUpRfXHvl1MDwqoknrAa4KKB5uiTCWEb18-2Bi4X5WkLSBVePIu= L-2BB4RiH6l1OiKu-2FqV97D6-2BrDlGaaWX6nm-2Fz-2Fj9mMmccSblJqOIhf4isAXE5cCJdY3= 0IKVvo2bBwfqiBUZJNJs5BNNgE8MalzCjlwFMHF0Rb" 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-2BaqM7ONnvsnswouzXfidwaPrY8lV18Wz-2FZ-2FgA1ktA7i-2BZE-2FArfYhsqYRq= Bvg-3D-3DY-QO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r= -2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm= 5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7Xkh= R49ueeph2VTNhto17lmoU68DMnHX5FSBe9J-2FhjyjQNpJOEsEIqcsGFiE-2FlaZ1b1GrypqjNi= UCIxsQPuexXnXj6PVPSFp1wtAZ5TNCNbNvpTcX98aVkTGcjNy4XNkrqkGqHOciUK4t6V0hL2V9u= T4679WKHuiJV66xCQRkj5MQ1RdduFREANlUafKAzEvjr-2FUvFQz49N-2BpbhWJaLM29HIMR1MW= BF8m6HNN-2FjoaOvUMv-2BnIQjsXLqlZyW61-2BkUZNkCe0n2-2BQECjPE6pw-2F4QQrB3ISIxL= gbhgK03a7Ut5EObX-2FX1F0mt-2BeEAI" target=3D"_blank" style=3D"text-decoratio= n: underline; color: #1D5080" universal=3D"true">Terms of use</a> | <a href= =3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzXfidwaPrY8lV18Wz-2FZ-2FgA1DEjBaiVAccVDcB3WwyNUf= g-3D-3DA1Mx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA= 68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2= F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5j= efrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR4= 9ueeph2VTNhto17lmoU68DMnHX5FSBfmrZRYoniiY1OZjRCueVTGXGd9ZMNx5tQaj4rZxnQDgVx= BLYo4JZUwfjz1kENK0tSWyT5Bk0NDRRUQVT8rwGwIJQHB3R1ewTugt4cjZykNHIVyWcfrtfEMZU= L3ae9DisRIfhsNuGBYd62UIwcGCHPTeoX1LmXTvG1C-2BYcpTyCeScE1B-2BZzohCXonLRP2jR8= FG9O3SSGOGGZ0q-2FW-2FfuXP-2FrQXtfadHLnDWHqXJ8pFH47KdA8p1-2BXjOwKIFMXn9VKTFQ= qWXKIZll-2F2P1NH0oJPji" target=3D"_blank" style=3D"text-decoration: underli= ne; color: #1D5080">Advertise with us</a> | <a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzXfidwaPrY8lV18Wz-2FZ-2FgA1z7vHbeTcI3bdWqZ1Kf5DXA-3D-3Dz8D4_Pr966knu= aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwp= tDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhG= XO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx= 4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU6= 8DMnHX5FSBeWkR5TbsDEbJGpG-2FSFZ6mSZCkKIT5yV4A1KR-2FKqkMtRZNVyZ0cniEp0A1Rp-2= F2I9uViIgTWm-2BkifxFzV0ytRDJhfj1K-2F0FKuHtHEz7GHCS0m0QvUCsPZNvKFYS6sBN7HIiB= -2FtOqlWSIhM2QmsiEvKhgAeul3cEfkIJHVI3tQULyp68rduV0-2FxU3dxazKWaaWV72BtqgtmY= TsOh3KLf-2B7nKvQf83eB6NfEsEIKqCpywAMb-2F6p4ZC7BtyAFpFkVSeZr850weOneb-2FVGlL= pYkTuG5f" target=3D"_blank" style=3D"text-decoration: underline; color: #1D= 5080" 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-2BaqM7ONnvsnswouzVbjuIgBmAVUyNfxCy6acyslSjbUT4VcoBVhWh8Zf9VSw-3D-3DsKmn_P= r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPq= syjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlL= Ddb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7= L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto= 17lmoU68DMnHX5FSBecmqMRAogeSNBENlRKkYSgcrhnym4R4MbBNOr6XBxEbgnOZa53AtQN4KVv= e-2B0aF0x8TFlFiYkHJ4QQhEhizif9BeOz3BAS7Y5mdhbFTZ3wtZ7MHQufHfaFZt1dTkuk3Rn7c= vseFGoO6HsoPTkkld6m13WZ8w2V4uFfyibMCfruRyUUqooXvI6y99cUQPY50mfyssf31XNVCQHG= vy2zZUEJFBX6EVdbTsKJPZkl6cbQ3WK2hWE-2FUjS-2FI0zT4e1o64GPIFHKB4btZDatY99fLul= b" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https://f= onts.pitchbook.com/newsletter/linkedin.png" width=3D"25" height=3D"25" alt= =3D"in" style=3D"border: none; padding: 0 0 1px; vertical-align: middle;"> = </a></td> <td style=3D"padding-right: 10px"><a href=3D"https= ://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzVbjuIgBmAVUyNfxCy6acysvr1s-2BUfjnofkpYeFHzjzwA-3D-3D7MlV= _Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeX= PqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLx= lLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2Bfr= C7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNh= to17lmoU68DMnHX5FSBdGmtCv4BBuaTkn1BkN5-2Bz7vjgLq6nSOWphRqFpxgVDek9FTwHG39lw= 1UBCFKYdKhXrsQD6Ar6BgXo1NieNfldAX3ux-2BOzb-2FzX-2B3SzCxO1gkiha8Zg9xHeTLJnFw= SOSHcx4pRTXnjU0Ssx-2BozarICcA-2BLy7tcDLseLBzKlJ1JqCTCEwJEK4b1LO9ypWmBCOJeVk= 6skeMvsGGruEodd4pim2nnGKOnmyYpX1Mslz616Hum9-2FAHud6uOJ9lSeoGkC7dazHnfwr0JYP= YyJiMkHEVx9" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D= "https://fonts.pitchbook.com/newsletter/twitter.png" width=3D"25" height=3D= "25" alt=3D"twtr" style=3D"border: none; padding: 0 0 1px; vertical-align: = middle;"> </a></td> <td><a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVbjuIgBmAVU= yNfxCy6acysSkLHd70o-2Fp3OEphFvUXG1g-3D-3DhEgk_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1i= XR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXi= ri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6= lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBeZSs1fdwdt1= qbIXRfc0rCkJRolkIXH7wdwGafhc-2BHlZoc6PrKwNZo9wbgC-2F-2FsYgEK1ozgYDy-2BgE2Z9= 4u9dUhEjlnGBCdL2HYYbWl9XS7WcJFWSLwEBWFLlYwggExASKve5oxQnqC-2B38nnkaCCDXyEiR= jECStkC7YArrhBjdis-2F8fzH5T-2FfCZunZEsWdcs6tmPXD0B0o2oW-2FHrs5k5JRByFNhZp8D= QHdJ7SesPqtBIsX5CvOGdIggLTycZ0ejQVrTOnp1o-2BJwK4QCf5BDxZl7jC" target=3D"_bl= ank" style=3D"text-decoration: none"> <img src=3D"https://fonts.pitchbook.c= om/newsletter/facebook.png" width=3D"25" height=3D"25" alt=3D"fb" style=3D"= border: none; padding: 0 0 1px; vertical-align: middle;"> </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <p>This email was sent to <a rel=3D"nofollow" style=3D"te= xt-decoration: underline; color: #1D5080">vetyl@ponjosonek.com</a> via the = PitchBook 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-2B0ZsygXiW0c8xb0JNNkFtjTf= dSBLrG5odLYHQXzZYap3xyjo613CQL5EKIRNY6DZpApxW-2FtnBQxpZYVDpyvCJULc6js75N834= Kg1wfc9mFqyoHZxYrhZdAtYs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV= I43kbMcVf8UYA68NVRVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq= 0IDTwPelC3r-2F-2Bth8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNca= of60vMPzHIm5jefrWT5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-= 2FxsrDy7XkhR49ueeph2VTNhto17lmoU68DMnHX5FSBf9TDfbUK5btgnnwehUkTmC6pd52nbVZo= anNGNgHYWPexTyM-2BbfX4k0hpG4VsupkTCv-2FO0dHtATojua4SSU-2BGyFYZRj4b9ofMh-2FZ= HO5uDbisXTacnQdwRfuhd3s8qBwgI8KBtblfq8ybsJzRggvLPHnCsGSAPBIlCBO2xAkxrJZ6pQi= MF-2BCMDiIGD1R0TRz7Xy3KGb6DKz9bzJdvNLe2CZ7WV-2FzYgww7y8583u-2FVrsEQbMPwRUP6= MdyNUFJarNOWnO8gk-2FoPzg3-2FfBIbnUDlwX5" target=3D"_blank" style=3D"font-fa= mily: Roboto, Arial, sans-serif; font-size: 10px; text-decoration: underlin= e; color: #1D5080; -webkit-text-size-adjust: none;">here</a> to manage your= subscriptions, or if you no longer wish to receive these emails, you can <= a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrVRvnzbxJbWwDftsHe-2FnJ3PNCbp5fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsI= f-2BQHY-2F6l9Vc44O6YYP5nyZstiuA0hPHiOTJvTphTwYVVcDj-2FgzVFL55dZKzjozFN3yY7g= CEJIYIrzSMor6WWroWX0bXXZvkh8-2BQAKKeJp8swZ-2BIgJVMG-2Fp44pdXIyJJRfEq3utA-3D= -3DgOSb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= RVOBjeXPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2B= th8kvLxlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrW= T5-2BfrC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49uee= ph2VTNhto17lmoU68DMnHX5FSBdLmiBM8GXoAr865LrhV0gIGOamPXrEZ-2BkWthnBDoMKybuLm= RqNZcSRJIVAPrrQCdiaDjzEvDV9VoCiKv7d5HP4aLUjzfTeecuqLsfhmXyNwOHRW-2BzhROGz-2= F4gw-2BcghkDN7q3eoSaZkcugyLUBFbfKEZnoAYSvjY7IAnO3OcFao29dQlvf-2FA-2FOsVpAcI= pOI5s6VDtiH0kmaqHRKWWRj0lZNEzPZ-2BY9DaNPa4-2BznRwY-2FgUj-2BoPjokc7u1QHL6kcf= CbWUV3KMkivP-2B3mqf8ZjCUGq" target=3D"_blank" style=3D"font-family: Roboto,= Arial, sans-serif; font-size: 10px; text-decoration: underline; color: #1D= 5080; -webkit-text-size-adjust: none;">unsubscribe.</a></p> <p style=3D"margin-top: 14px">PitchBook Data Inc., 901 Fi= fth Avenue, Suite 1200, Seattle WA 98164, United States</p> <p style=3D"margin-top: 14px">=C2=A9 2026 PitchBook. Win = what's next. All rights reserved.<img width=3D'1' height=3D'1' opacity: 0; = style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitchbo= ok.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAECQE7XY= 5D5PSLQI&emailId=3D3D4ML5ZJE2I6IOW&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG= 625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DPED7RLFD4GN3BVMRTF= QEHYZOOJCKA34MS5JA35Y.gif'/><br></p></td> </tr> </tbody> </table></td> <td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">= </td> </tr> </tbody> </table></td> </tr>=20 </tbody> </table><!--[if (gte mso 9)|(IE)]> </td> </tr> </table> <![endif]--></td> </tr> </tbody> </table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0pa8h= f_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRVOBje= XPqsyjoFwptDbQogYEvPI0Lc1Ocjo1iXR-2Fvo-2BPSmRBDugELq0IDTwPelC3r-2F-2Bth8kvL= xlLDdb2PhGXO9ENw8xoC2qmwwLsgvXiri-2FZpIf7q3-2BTZfNcaof60vMPzHIm5jefrWT5-2Bf= rC7L1tRAVx4klOpTebRlyzWeOnDTJs6lI711lhlJVMKwoxfqSd6-2FxsrDy7XkhR49ueeph2VTN= hto17lmoU68DMnHX5FSBc28OUhvC3wOZTj-2FZBckbyQZGNauCHFXTYxJfuey5e95gAICLtgG-2= F8d8itiiQ2hjqBsvVOJrSWOnfHLn-2BElsmyts5BhKu8POvZvoSG8VS-2BpNAh6RNPy0DsRhJDY= G4Wut4SheJbMKJiX-2Fx6j5l8EJP6uauhHVo8j-2B9-2BvyXPXjEaQhQtXPIDKVrDd03Ji-2Ba3= IRluguVQ7QWA1Gcs5gz6AF1I5nnzxtpN5Akl-2FktVkLmFUt1Qu5YHj2k6T8W-2FIXMytX-2BDY= a50nS0Q0uUuTe74kgjn9" style=3D"display: none"></a>=20 </body> </html>