Your IP : 216.73.216.104
| Current Path : /home/angker/mail/new/ |
|
|
| Current File: /home/angker/mail/new/1761045268.M874721P803032.server-619288.prediksijaya.com,S=182359,W=185591 |
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 OGzmMxRr92jYQAwAf7/9AQ
(envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>)
for <angker@server-619288.prediksijaya.com>; Tue, 21 Oct 2025 18:14:28 +0700
Return-path: <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>
Envelope-to: vetyl@ponjosonek.com
Delivery-date: Tue, 21 Oct 2025 18:14:28 +0700
Received: from o2.ptr812.pitchbook.com ([159.183.175.69]:49384)
by server-619288.prediksijaya.com with esmtps (TLS1.3) tls TLS_AES_128_GCM_SHA256
(Exim 4.98.2)
(envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>)
id 1vBAJv-00000003OP1-1hvA
for vetyl@ponjosonek.com;
Tue, 21 Oct 2025 18:14:28 +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; bh=xoXyHM6F67yy28zxf0cO33Z60MGGakE5h+DDsi8iZNc=;
b=STFalWV3MFNVk0xdhh7OcJ0+uyEySVlknjVKCXih6vdbKZYnRqRpR8p9QtEt8oyHS6eq
5sFxWtLPUfanzuKL/7tzK7GvWjXV9HSGdu8OfjrPgk7fHfveRb6WU3cBllPG2KntfQoOZ1
e2vGwaGP6ckIZp4ukMNX6UZUDdJ6obSqFwLquyaYkpbxrpeD7z3wZfxWNpqQRKCAb/A6tI
s2KjdUxEt7x6b1KiSKOU+WcrRZjhgAa4lViqN99qkF4wYbsNEzYdyeZtvpA4p/SvOSU4aL
I6ZeaS20+VnQFGGONMLWaiFQz/an1ttPa0Iu5gJLA8TZ/xzc9+BFakPX7RhrXDuA==
Received: by recvd-84489f86d4-db89p with SMTP id recvd-84489f86d4-db89p-1-68F76AE9-A8
2025-10-21 11:13:45.744326938 +0000 UTC m=+11989743.254700225
Received: from Mjg0NTYxMDY (unknown)
by geopod-ismtpd-14 (SG) with HTTP
id bQIakNCjQ8mmrBTLjICG3A
Tue, 21 Oct 2025 11:13:45.716 +0000 (UTC)
Content-Transfer-Encoding: quoted-printable
Content-Type: text/html; charset=utf-8
Date: Tue, 21 Oct 2025 11:13:45 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
Mime-Version: 1.0
Message-ID: <bQIakNCjQ8mmrBTLjICG3A@geopod-ismtpd-14>
Subject: UC Investments' $2B+ Big Ten bet
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=2Fioh=2F2aSPncDw?=
=?us-ascii?Q?UwD3IchKT+a4VOqr1o1vCumphpM77y2Uh1qlK7g?=
=?us-ascii?Q?vdLpid9J+Ze4VGs93LB5SzY8DrxFLxUe5ivnDYT?=
=?us-ascii?Q?WVNCb05=2FxpluXuaIa3kqYaJjxev8rltVvYVssk+?=
=?us-ascii?Q?b2pEgwRuYRXF=2FXFCq22QaDaH6FyWD+2wJGv49RE?= =?us-ascii?Q?ky8c?=
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++JPDzcXO5gzuktU?=
=?us-ascii?Q?6qt1QqRwkdChncznBn9xVMdC1+kT3fpW0EhKfS+?=
=?us-ascii?Q?dQRBmrY3bsTh4Q7i8B41YWBhUKvjPQOnTVVvy8=2F?=
=?us-ascii?Q?ZtlzLzktIq2XMgERTHn=2Fm=2FDYJzziBQcBGDsHF=2Ff?=
=?us-ascii?Q?3s2F1pueC7X4hDnjSCv6L0G=2F72wY9ZwS3Df7WOC?=
=?us-ascii?Q?UHT7udnh=2FMlwichBteaRNRk3enTA308uXJTQFZ0?=
=?us-ascii?Q?V=2Fx0SbKWjykBGfi?=
To: vetyl@ponjosonek.com
X-Entity-ID: u001.YFoIgyol8PWrw0qKNaJxbQ==
X-Spam-Status: No, score=0.5
X-Spam-Score: 5
X-Spam-Bar: /
X-Ham-Report: =?ISO-8859-1?Q?Spam_detection_software=2C_running_on_the_system_=22server-619288=2Ep?= =?ISO-8859-1?Q?rediksijaya=2Ecom=22=2C=0A_has_NOT_identified_this_in?= =?ISO-8859-1?Q?coming_email_as_spam=2E__The_original=0A_message_has_?= =?ISO-8859-1?Q?been_attached_to_this_so_you_can_view_it_or_label=0A_?= =?ISO-8859-1?Q?similar_future_email=2E__If_you_have_any_questions=2C_?= =?ISO-8859-1?Q?see=0A_root=5C=40localhost_for_details=2E=0A_Content_?= =?ISO-8859-1?Q?preview=3A__PitchBook_Newsletters_Blackstone=2C_TPG_n?= =?ISO-8859-1?Q?ear_$17B_Hologic_take-private=3B=0A____First_Brands'_?= =?ISO-8859-1?Q?Chapter_11_tarnishes_private_credit=3B_UK's_BGF_eyes_?= =?ISO-8859-1?Q?$672_external=0A____fund_October_21=2C_2025_|_Read_on?= =?ISO-8859-1?Q?line_|_Manage_your_subscription_The_Daily=0A___=5B=2E?= =?ISO-8859-1?Q?=2E=2E=5D_=0A_Content_analysis_details=3A___=280=2E5_?= =?ISO-8859-1?Q?points=2C_5=2E0_required=29=0A__pts_rule_name________?= =?ISO-8859-1?Q?______description=0A_----_----------------------_----?= =?ISO-8859-1?Q?----------------------------------------------=0A__0=2E0?= =?ISO-8859-1?Q?_RCVD=5FIN=5FVALIDITY=5FSAFE=5FBLOCKED_RBL=3A_ADMINIS?= =?ISO-8859-1?Q?TRATOR_NOTICE=3A_The_query_to=0A_____________________?= =?ISO-8859-1?Q?_________Validity_was_blocked=2E__See=0A_____________?= =?ISO-8859-1?Q?________________https=3A//knowledge=2Evalidity=2Ecom/?= =?ISO-8859-1?Q?hc/en-us/articles/20961730681243=0A__________________?= =?ISO-8859-1?Q?____________for_more_information=2E=0A_______________?= =?ISO-8859-1?Q?______________=5B159=2E183=2E175=2E69_listed_in_sa-ac?= =?ISO-8859-1?Q?credit=2Ehabeas=2Ecom=5D=0A__0=2E0_URIBL=5FBLOCKED___?= =?ISO-8859-1?Q?_______ADMINISTRATOR_NOTICE=3A_The_query_to_URIBL_was?= =?ISO-8859-1?Q?_blocked=2E=0A_____________________________See=0A____?= =?ISO-8859-1?Q?_________________________http=3A//wiki=2Eapache=2Eorg?= =?ISO-8859-1?Q?/spamassassin/DnsBlocklists#dnsbl-block=0A___________?= =?ISO-8859-1?Q?___________________for_more_information=2E=0A________?= =?ISO-8859-1?Q?_____________________=5BURI=3A_pitchbook=2Ecom=5D=0A_?= =?ISO-8859-1?Q?_0=2E0_RCVD=5FIN=5FVALIDITY=5FRPBL=5FBLOCKED_RBL=3A_A?= =?ISO-8859-1?Q?DMINISTRATOR_NOTICE=3A_The_query_to=0A_______________?= =?ISO-8859-1?Q?_______________Validity_was_blocked=2E__See=0A_______?= =?ISO-8859-1?Q?______________________https=3A//knowledge=2Evalidity=2Ec?= =?ISO-8859-1?Q?om/hc/en-us/articles/20961730681243=0A_______________?= =?ISO-8859-1?Q?_______________for_more_information=2E=0A____________?= =?ISO-8859-1?Q?________________=5B159=2E183=2E175=2E69_listed_in_bl=2Es?= =?ISO-8859-1?Q?core=2Esenderscore=2Ecom=5D=0A__0=2E0_RCVD=5FIN=5FVAL?= =?ISO-8859-1?Q?IDITY=5FCERTIFIED=5FBLOCKED_RBL=3A_ADMINISTRATOR_NOTI?= =?ISO-8859-1?Q?CE=3A_The=0A_____________________________query_to_Val?= =?ISO-8859-1?Q?idity_was_blocked=2E__See=0A_________________________?= =?ISO-8859-1?Q?____https=3A//knowledge=2Evalidity=2Ecom/hc/en-us/art?= =?ISO-8859-1?Q?icles/20961730681243=0A______________________________?= =?ISO-8859-1?Q?for_more_information=2E=0A_________________________=5B1?= =?ISO-8859-1?Q?59=2E183=2E175=2E69_listed_in_sa-trusted=2Ebondedsend?= =?ISO-8859-1?Q?er=2Eorg=5D=0A_-0=2E0_SPF=5FPASS_______________SPF=3A_?= =?ISO-8859-1?Q?sender_matches_SPF_record=0A_-0=2E1_DKIM=5FVALID_____?= =?ISO-8859-1?Q?________Message_has_at_least_one_valid_DKIM_or_DK_sig?= =?ISO-8859-1?Q?nature=0A_-0=2E1_DKIM=5FVALID=5FAU__________Message_h?= =?ISO-8859-1?Q?as_a_valid_DKIM_or_DK_signature_from_author's=0A_____?= =?ISO-8859-1?Q?________________________domain=0A__0=2E1_DKIM=5FSIGNE?= =?ISO-8859-1?Q?D____________Message_has_a_DKIM_or_DK_signature=2C_no?= =?ISO-8859-1?Q?t_necessarily_valid=0A__0=2E0_HTML=5FMESSAGE_________?= =?ISO-8859-1?Q?__BODY=3A_HTML_included_in_message=0A__0=2E1_MIME=5FH?= =?ISO-8859-1?Q?TML=5FONLY_________BODY=3A_Message_only_has_text/html?= =?ISO-8859-1?Q?_MIME_parts=0A__0=2E5_KAM=5FREALLYHUGEIMGSRC___RAW=3A_?= =?ISO-8859-1?Q?Spam_with_image_tags_with_ridiculously_huge=0A_______?= =?ISO-8859-1?Q?_______________________http_urls=0A__0=2E0_LOTS=5FOF=5FM?= =?ISO-8859-1?Q?ONEY__________Huge=2E=2E=2E_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;"> Blacks=
tone, TPG near $17B Hologic take-private; First Brands' Chapter 11 tarnishe=
s private credit; UK's BGF eyes $672 external fund </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;">October 21, 2025 =
| <a href=3D"https://url6380.news.pitchbook.co=
m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUKCt5LnwT=
9ZpvJz554brVI-2FK7hPyXyok3cQt8JDYvlHQ-3D-3D-fSF_Pr966knuaHmaw6c7pKvB-2BCEiD=
nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37=
btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTk=
DViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEY=
kl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BabhdIXqrIz-2FIsr5=
YA9I80B-2FVxooqqY-2BSY-2F7pnKbqQcGYvcGNh8QTWroq5kdCo4cNUSfxvoh0h9OaqfJhfdUv=
4kNntEsUN5UhXNm6zJKk-2BYyXjGbvhs-2Ff2ckm7iWeS2xNEE5LJvTmtcsXlQUBL1bi4RyIc6X=
zEAXOTRm18speuLIdbFcUdQVHuSA1kBu75HCOWjavXJyBWGwwKpl5GtNcOSLjv0JL1NGvm0O70k=
qJpY2oZNWArmTlJZAkT6UN9ldql-2By1a9M4WrpWg5cPgiVDZ0" target=3D"_blank" style=
=3D"text-decoration: underline; color: #1D5080">Read online</a>  =
;| <a href=3D"https://url6380.news.pitchbook.com/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mt=
uFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZYap3xyjo613CQL5EKI=
RNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-3DOb3k_Pr966knuaHmaw6c7pKvB-2BCEiD=
nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37=
btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTk=
DViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEY=
kl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BaN0VWsETwvnOH3Rrr=
VL4xUlAnPZUD5WWf53tMVryrOYVPHeZsmwP54IDWk7Z9g8Ns2xUVCNK1-2BV7CF0F18kljLrMvy=
QDfiBCJxJqF9wjvNCMyS8hl2vV-2FALwi4u2Mrun4-2BcABSEfJwePon0FiMIby-2BF0a8BLqXR=
-2FoenU-2FgFCiJd2gs8e0HA0U2eh4ifxwJ9pHeeNarlfA-2BFhYWEUBZoZ4E4T-2Bmm9S511aK=
3J6Jdm-2FqgQNnQkFReEMtUUpn7cB5PIXhbP4nlGCIi1VYATzm-2BCF-2B" target=3D"_blan=
k" style=3D"text-decoration: underline; color: #1D5080">Manage your subscri=
ption</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-2BaqM7ONnvsnswouzUKCt5LnwT9ZpvJz554brVIxHaF2vj0lggWSFQFpPJQiQ-3=
D-3D7UQf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlh=
FfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mU=
frRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qr=
xRxdAD8HHyhUTUnP-2Bbn71rUZCI3-2B5SMykD-2BM9OEPwpmU4EnPK-2FPIFIbqFsmX0SevqHi=
7GVT47U6-2BEXfxiRMezvnLQWU-2B4TXpzWOuiEfuydmDPh-2FpUplwrQ2D9EWfxSdql97AbFZF=
T46zE7kE-2ByWINOUR2icncdsaJBixL1amoY3MWymoYemH7MyRyE-2FuqcH0vpYiIra6BAWWl32=
yDqjNL6LjyfCkJ9jf8gtVds6GeoeopDDS1-2Fkx2jFIXHMzu9Wg-2BA29VsMmVBv7rizZChUV-2=
Fp56aeLUy9XVW5VVnPZ" target=3D"_blank"> <img width=3D'1' height=3D'1' opaci=
ty: 0; style=3D'display:none !important; mso-hide: all;' src=3D'https://my.=
pitchbook.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBA=
ECQE7XY5D5PSLQI&emailId=3D3DQHJDYPMNMZKUS&emailName=3D3D6H3WX3QH7CXEMMMBQSM=
FL245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EPI6=
EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.news.pitchbo=
ok.com/wf/open?upn=3Du001.3gwe9GsF-2BTAFq5zC5EhFQ2a8abB1qTlMwYRLNzMolGjSmCP=
qRZuyzb5tQBOnSwcKE3O-2B-2FMgmpA9fFlkjHEsAMCkN02QlrEDSxSwd-2BCl0wFnpX5vTG6gj=
KZClFt3CpqgAFLxiMfUz3Mgp0XckZm7rSrSjTjgm85UqEeelsFxAdeVmJV-2BWOP9FjZZ-2B6AW=
QESoY-2Bv1HhQaSHH38RWG3IME4YfGD-2BF-2Fprr-2BGinBvvoRpLxFz5Q82c1JrGQOqU4dp-2=
F6est-2B99gMahqIOCO4G8BJRo9ASRB-2BGd0lkKnhav5iq7nG5V5AJVYeK3i2EqU2gUw2t2b-2=
Fl9FgzNnRT0XORwi7acD4tdZP43zxZIw7zXMGuqm69z7IffrCk-2B1UzUo5r2jbhskwhxRucsPu=
TYu4-2BXe9RPKr8uTM4UJTZki6MXBqxzZIQv5-2F2Y4Yki3t0kjIND04R226ZKpBdLI5AOXcJcs=
d1GI-2Bh9VUiWvZwd9lfXW7Pn2Q0tYgi8e2dSZVKOYbKGDkBPes-2FDRYFGiPnCfO27gFGQSmGL=
23NUOSN7n5JzA1pmFoTL2pdXnAqDx0GmXu0Y4rET" alt=3D"" width=3D"1" height=3D"1"=
border=3D"0" style=3D"height:1px !important;width:1px !important;border-wi=
dth:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-=
right:0 !important;margin-left:0 !important;padding-top:0 !important;paddin=
g-bottom:0 !important;padding-right:0 !important;padding-left:0 !important;=
"/><img width=3D"141" height=3D"39" src=3D"https://fonts.pitchbook.com/news=
letter/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>VC, =
PE 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; padding-bottom: 38px"><span>=
Your edge on global private capital markets</span></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-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4N0CnpZrG-2B2N0W-2BJItIM02tQ-3D-3=
DMltS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg=
-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfD=
phjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrR=
UyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRx=
dAD8HHyhUTUnP-2BY83OqDjtabk8LuAG0JCjBKEC1AQYAEZAx2j-2FPVr5Hz0lX8b-2BaKoXd87=
0flNSY3V-2Fi0wftR3x3wNcyhHJjr4L2Ol-2BbyR-2FJ8lclA1E59ZvZm7dtbNvZ6ixtZnhf38z=
TIFraVTPZJrZhf4Db9ObFz9xpJnaegTzfVR0uRJd7wyjJs16B-2BqUlRIXx7SAk8mkJwdEmdOiO=
L-2B-2BoyyhHu2hPOw5LN69RHIQ6OJ5ya3L0D-2F-2BGvvgwCbtifIyGTPLwHZxZtRYhwtS5cay=
OcHGLg0V3o0R-2Fq"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/a=
d4347/SVBHBA1020.png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; borde=
r: 0px; display: block;"></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"><b>Goo=
d morning. Today's Daily Pitch features a look at UC Investments' big plan =
for the Big Ten</b>, and examines the fallout from First Brands' Chapter 11=
filing. Also: The PE ecosystem seems positioned for growth heading into 20=
26. Where do you believe the asset class is headed? Take our anonymous <a h=
ref=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuyl=
w7SpSWIrf6GFa-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4NS8q6qAn4T4NEc7WHJ9laKg=
-3D-3DpuIN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrX=
lhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98=
mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91=
qrxRxdAD8HHyhUTUnP-2BbF6zlqe5PUcjI0AZCYVFJyQNTu4rZaqaplo7mj4smXtTkfuUPoEvVP=
zp4z9J5AB-2BJ6R3arOzhP2WpM6YPNtQiiOgg-2FGYUC7CBAz-2ByMq-2BYDpx5Kyj697GvX-2F=
HkZUWWOZBPpXz-2FVRUKWVtOF3cbN-2FIPH-2F-2F978asfxLO9nAZhMOrbFG8BNDEUCFkTb54-=
2BHZbYbQUCjDt3U6AaYNoPR5s0LzkUya4QZhhv3iOqh2RZJRe7QUSfan7JrWpAuLP-2FMD-2FQ0=
v07tKLDHmziofc9R992f5cG" style=3D"color: #1D5080;" test=3D""><b>US PE Surve=
y</b></a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i><b>=
<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4NL6-2BYWAZSppFwGEwq=
rPZ5Dw-3D-3Dhz-y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMA=
F2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9=
DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65=
O5AQ91qrxRxdAD8HHyhUTUnP-2BYqMDkVmiFMlPk2Dk0263s7NrOEbROK0c6Bp9lXMudQtGgf2B=
ylkE34-2B1rwLYImd-2FXvbUM0-2BzDD4oiee0At3OK5QABl-2FuU4vPmF6FUOZ6y5iPfVZruOQ=
XjCYhzAeoWse9JhJAsuqZy2fSloNg4Bu5jZPjLYs7efA1nCVga5XewOqokchdZ7rtAdttQXuaHe=
eHp2rSj9sV-2BRT8qdPm8-2BBs50Xipb2FK3o95wXzH95R2uGOOFfWfu0RDqoCqVaJjWu2V3Q2e=
ATCvhuRIIRWvBoxpW" style=3D"color: #1D5080;" test=3D"">Sign up for The Cred=
it Pitch</a></b> for weekly news and analysis of the US leveraged loan and =
private credit markets.</i></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_573866" id=3D"n_573866" 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;"> UC Investments' Big Ten offer =
allows teams to buy down ownership stakes </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-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4N7tqIzWK1-=
2FzlbH3RXMTwRug-3D-3DzYsb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3=
VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5q=
QSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRc=
B2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZQmxh51M-2F-2FW3DavthWVj8wUmEsN39UXFI1O=
HQQQaVB8C2mj-2FEBehDGhhI6voFwePVqaJaD-2FLiV9Uy2AWXZnh2QCvCw6l2-2FMUs6gGNc2H=
7-2BiCLjy9ME0M5FlbSG93odxQqr5kn6EfDbmWYnMmsIG2lFomJ6qA63EHTo1sJqyIYPmKl3yrn=
Xe4od5D0TCroDWXPoD66TBgpSWLdXoKyZJal6gCjd227dHoP-2BMxpC8w-2BVpWj5eNaecRscy2=
xoYUddePmz1LN4nHVCfY1719l86EOj" universal=3D"true"> <img align=3D"center" a=
lt=3D"" src=3D"https://img.pitchbook.com/news/70985.jpg" style=3D"border: n=
one; max-width: 420px;"> </a></td>
</tr>
<tr>
<td align=3D"right" style=3D"padding-bottom: =
8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">Bryce Underwood =
of the Michigan Wolverines throws a pass around Rylon Dillard-Allen of the =
Washington Huskies on Saturday in Michigan. (Gregory Shamus/Getty Images)</=
td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Jessica Hamlin, Senior Funds Columnist</i><br><br>
The University of California's investment ar=
m wants to buy a stake in the Big Ten college athletic conference, then sel=
l ownership rights back to the teams, a reality that could lay the groundwo=
rk for private capital in college athletics.<br><br>
In perhaps the largest case of private capit=
al moving into college athletics to date, UC Investments, which manages the=
University of California's $190 billion in retirement and endowment assets=
, has been in discussion with leadership at the college sports conference t=
o put $2.4 billion into a new subsidiary called Big Ten Enterprises, accord=
ing to reports.<br><br>
The pending deal includes a clause that will=
allow any Big Ten member university, which includes Indiana University, Oh=
io State, University of Maryland and Rutgers, to buy down UC Investments' s=
take in Big Ten Enterprises to have a larger ownership stake in itself.<br>=
<br>
The Big Ten would need unanimous approval fr=
om these member schools to move forward with the deal, but university offic=
ials are pushing back. A group of board members from the University of Mich=
igan and the University of Southern California met last week to discuss the=
deal and are largely opposed to the idea, Front Office Sports reported.<br=
><br>
UC Investments' endeavor would be one of the=
largest institutional investments into US college sports since 2021, when =
a combination of new state laws and NCAA rule changes allowed college athle=
tes to start striking outside deals.</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-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4N7tqIzWK1-2FzlbH3RXMTwRug-3D-3=
DRZex_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg=
-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfD=
phjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrR=
UyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRx=
dAD8HHyhUTUnP-2BajrHdWGTy545biG-2Fvmlysu1AjqyE6m-2BdfKCJ5L3Nzrdnm-2BDVLTaF2=
TspuQsgbxEQQEAQq4U3HEXTl8ly3AO2zw-2BMV3LTSd1SeAohNaIcv-2FvELPKGKR8K6taiPF7Y=
b7EThssNeOIE1dyAtz6sdQgVtLUTxR-2FLuANELljWUjxj31xRVAV6p0-2B6uOU-2F4ojB-2Fae=
VlmB8AqGrvW0BxMShPVK7gXGTmkG4feJz-2FZJGGE5X3rTz5bFQIONkbQh7I5hJaZ3dResxscSA=
-2FPjVG9VbyHIHF-2F" 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 dashboard:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUCCepxarW8ESF=
8ay0T2s4NE55fJmWEg-2BuESwia6c7HSw-3D-3DruMU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U=
wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2=
CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA=
-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8g=
N0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbSYOZ6YMnrq5Qb8Ca-2B4=
itGDf8crwMDsI02qaQQLQUNQC-2B-2BHV4fCk7hs-2BfAHxcRyY7sWbf6-2BFOdCR0Pd63grlx6=
8zB48CA03SHjQ9-2BM2uFE4EXjj3xCbHQUBo9NRWDDLO-2F6NHLcOPrweuRk1YB78KH-2ByXED5=
pEwyhSYyuKp96d1dsAn9Cz3vrcJYiBqAyxr6UEUKpTbJO-2BkC9OVfNMxFVtby1oxuRE2HxYdIj=
ncvyzwwF7QAKuxSKm6puHN-2B9i9UwbUj-2FbMoToxYn3sx2z5CmFg" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">Mapping private equity's pro sports tie=
s</a></b></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from Planful</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_573692" id=3D"n_573692" 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;"> Turn AI hype into real ROI: Ma=
ke the case that gets you support </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: 1=
0px; font-family: Whitney, Arial;
color: #000000; font-size: 16px; line-height: 1.5;" valign=3D"top">
<table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image" style=3D"
font-family: Whitney, Arial; font-size: 14px; line-height: 22px; color: #7=
8766F;">
<tbody>
<tr>
<td align=3D"right">
<table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"font-family: Whitney, Arial; float: non=
e;
padding-left: 15px; ">
<tbody>
<tr>
<td align=3D"right" style=3D"padding-bottom: =
12px; text-align: right"><a href=3D"https://url6380.news.pitchbook.com/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUCCepxarW8ESF8a=
y0T2s4Ncnrz53dj41CWXJNphtVOXw-3D-3DMVaJ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcT=
LFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FD=
k7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQ=
pFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbOu1-2FLDddvgDLZ-2FrXqe6S=
yOA9ow4x-2Brf4gfhlylzsOO2YULCprKnGzPsaJLNRiA0DnJZY5dRdXAGxpTB9t65cMWgcCvLVx=
RcjGQjLlbtOLRPN30L35l3Dh-2Bwj9w0ubWXFFZM6ZD751-2F9s1IHt-2FlLIupRrGDdvG7kT05=
CK-2FNMXKZAPeTbEAPPNaZOiPCC61eR4AoGOZj3gN3ohXuWxS9UcLEmJ9RlDZerZ5de85FMNiwa=
cc3I6UHj342AJvzbC9YuZ4QcWNDGzWj1uApzxg-2B-2F7q"> <img align=3D"center" alt=
=3D"" src=3D"https://img.pitchbook.com/news/70877.png" style=3D"border: non=
e; max-width: 420px;"> </a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>AI is redefining finance, but adoptio=
n depends on more than technology. To gain buy-in, you need a business case=
that aligns AI=E2=80=99s value with your firm=E2=80=99s strategic goals. T=
his guide shows you how to move beyond buzzwords and prove measurable impac=
t across forecasting, reducing risk, and reinforcing compliance. Learn how =
to address investor skepticism, position AI as an enabler, and showcase rea=
l results from leading finance teams. With practical frameworks and real-wo=
rld examples, you=E2=80=99ll have the tools to turn AI curiosity into confi=
dent action that drives portfolio value.<br><br><a href=3D"https://url6380.=
news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzUCCepxarW8ESF8ay0T2s4Ncnrz53dj41CWXJNphtVOXw-3D-3DI7uF_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydH=
mKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39X=
UvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuz=
MB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbR=
hxoiCkZ-2BMJRqSZJ-2FzBf7fcTZtGth-2FRQ5Vm8po1blZ-2BCeqRgqdE96r6fJyNJqWFYXf9P=
6IdqylzMvgUAAa5SyjbRL-2FWErPoN84DAvVITlormZgJlfU4hmTMwnkeqqHOaBBEfeiahI-2B1=
pkkJU1BvDPOXtGXIHL8-2Bj7XfqAuZ6UEwe2A7llja4txxU0Tf2BOA79fixU8VFyOt-2BovZ7d2=
S0FEx0vlZJ33QyYjUcnpR3oG5-2B2MMsPWYoXogLsZs-2FGaH1HgjAIDjswKI9wqGMxb8SY" st=
yle=3D"color: #1D5080;" test=3D"">Access the ebook</a> to learn how finance=
leaders are transforming with AI, and how you can lead the change.</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 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;">=E2=80=A2 <b>Emerging=
managers' share of venture LP inflows has stabilized</b> at around 29%, su=
ggesting sentiment is shifting. The latest sign: HighVista Strategies has c=
losed a $265 million fund-of-funds, the $10 billion asset manager told Pitc=
hBook exclusively. <a test style=3D"color: #1D5080;" href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4N85nPlVUf3Db677qW-2FSc7XQ-3D-3DIKuv_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVr=
AYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhB=
aJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYv=
noGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUT=
UnP-2BYjpmUsK3mbRGDRpoyec6Gk3fdxeN6a8eTfkyekHsbjAeL24lbA79GB7BVE7-2FEnh5bhv=
Cnx0uOPpcSK8xqSc2vTv0NjNu9WpnScxK4n5agGcdl4kbxzRpSu0-2BP08B-2BL-2F8DOp6LMNM=
dGl2PLbWApIfrWRY-2BMVUKaB4nMqchvyrPj-2BLCGQN492S3nOsUswhhs-2Bp9zEn0jyDJcRVp=
YjvQj9N8h97WDSPEmbF0pe3koOJzC3xF-2BzvIVI5FfolRvytwojK0F3VJ2CIooLWOWuwpgr5nY=
" universal=3D"true"><b>Read more</b></a> <br><br>
=E2=80=A2 <b>Blackstone and TPG are nearing =
a deal to acquire Hologic</b>, a medical device and diagnostics specialist.=
It could be one of the largest PE-backed acquisitions in 2025. <a test sty=
le=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay=
0T2s4N-2BuvMe-2FhXGM-2BZZuM-2Bg0wISw-3D-3DMJS3_Pr966knuaHmaw6c7pKvB-2BCEiDn=
j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37b=
tl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkD=
ViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYk=
l8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Ba8m7c7i-2FKc7gwH5M=
vUdOfXxt0A260VZzeiJ08xe6ykFmcgA0kMpkjKNeVvGgHWDbc9YYVhvNHoynICa07ad8YhocdI7=
9CAIW-2Bkp9HF5ncAq14-2F-2BSPWRym9Tg7kmU4qRFnue4FSwiMiMN7infWUoxXEjahK-2FUlU=
-2F-2F1AeXiP2piO9mYnrSyeUs3gH8lbAp9IS9LhM-2FDctBP-2FzOaaEDHVxatj9HUKLuRQGny=
D-2FqzmQG7IRmG-2FeJp7JsH9XrygdKzsQMunjtSOKZpZ1UiflcrJ-2B-2FWw" universal=3D=
"true"><b>Go deeper</b></a> <br><br>
=E2=80=A2 <b>Growth investor BGF is consider=
ing its first external fundraise</b>, which could fetch up to =C2=A3500 mil=
lion (around $672 million) for investments in UK high-growth companies. The=
move aligns with the London-based firm's commitment to invest more than =
=C2=A33 billion in UK companies in the next five years. <a test style=3D"co=
lor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4Nq=
uR34hOMxX69HDkIbbgY1Q-3D-3DDFOq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42=
FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6a=
nrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3A=
AzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbAx7SrBiSERxQo4M4-2FCbn1U1rZxgP9B=
uGKXYZCldkX4XNuGDDtyMmk4Vu8tnRNYEDAn1-2F3j8SPswHnwerx6MDO-2BkaIOijyTcYNpFNN=
hdUyzj-2FEZUmH1aLpcdrRuGm6VbOcSNSPhhPyZZcW33azIWIUuoGVrovEHbZACq2BWkyuJHfQD=
cMoKsQBHWQpUdZJUhphRcnBjAtkO-2BABi7sECYKJAR1vc87-2FdddCegUXYvyoVlCThxj8iFEf=
8Jg97IL4TyLlVpNcNZuxbzTxbca5Tq1k" universal=3D"true"><b>Read more</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_573861" id=3D"n_573861" 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;"> First Brands' Chapter 11 tarni=
shes private credit with broad brush </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Zack Miller, Senior Private Credit Reporter</i><br><br>
The Chapter 11 filing of auto parts maker Fi=
rst Brands has sparked scrutiny of potential mischief in credit markets, ig=
nited a blame game among lenders and thrown credit nomenclature into sharp =
relief.<br><br>
Asset managers are in a race to bring privat=
e investments to retail investors. Changes appear to be imminent thanks to =
President Donald Trump's executive order.<br><br>
But the push will ultimately require buy-in =
from retail investors themselves. And multiple media reports that linked th=
e September bankruptcy filing by First Brands to private credit could compl=
icate this effort.</td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4N8Cp0EPMEz=
2-2BAvHPFqE1Myg-3D-3DjEAU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3=
VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5q=
QSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRc=
B2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Ba6E8bkb4mESuyxyOx6Ki027bpyEQQEEREb8cRBk=
7jA-2BsrdFxKXVn8oBA-2BpOs80RRCLmyJegkpT2t00CrJ1F7EHIDWS-2Fi3-2Fz6EvxI5c5s3Y=
nYzRbqW-2FymHym7LIm7KwWWUhd1QCsRwDhLva-2B0dGYdp-2BiFn4mi57Hpmhe-2FYRy9-2Fh7=
U-2BH1Feqexgp8R3K21fz6giFJIQ4SEHoUFvzMzgW9f1SsHj8ejTEQnFo8wrCGK3IHHyUE-2FVS=
3rrPp3X8C1lwf-2BLQFrzI3Tr8RtaiOHY-2Fw65m" universal=3D"true"> <img align=3D=
"center" alt=3D"" src=3D"https://img.pitchbook.com/news/70984.png" style=3D=
"border: none; max-width: 420px;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">PitchB=
ook LCD defines private credit as directly originated loans to corporate bo=
rrowers that are not broadly syndicated. They are typically unrated, and bo=
rrowers range from the smallest companies to those generating as much as $1=
00 million in EBITDA.<br><br>
"Private credit" is also used as an umbrella=
term for any financing from a non-bank lender, with specialty finance stra=
tegies and asset-based lending often lumped into this category, too. With l=
oose definitions and overlapping categories of debt, it's no surprise that =
observers are muddling private credit and First Brands' Chapter 11 filing.<=
br><br>
The bulk of First Brands' term loan debt was=
originated in the broadly syndicated loan market. The company reported ove=
r $6 billion of on-balance sheet debt, including roughly $5.3 billion in te=
rm loans.<br><br>
First Brands' syndicated loans appear in bus=
iness development company portfolios, and it is also a direct lending borro=
wer. But much of the private credit exposure to the troubled auto parts man=
ufacturer comes not from traditional direct lending, but from supply chain =
financing.<br><br>
Beyond its on-balance sheet debt, First Bran=
ds' liabilities included $2.3 billion in off-balance sheet debt through spe=
cial purpose vehicles. First Brands also disclosed $800 million in unsecure=
d supply chain financing liabilities and an estimated unpaid balance of $2.=
3 billion on its third-party factoring liabilities.<br><br>
Point Bonita Capital, a Jefferies affiliate,=
had $715 million invested in First Brands' receivables. For almost six yea=
rs, it had always been paid on time and in full, until Sept. 15, Point Boni=
ta said in a statement.<br><br>
"The issues surrounding First Brands are the=
result of decisions and actions at First Brands, including possible fraudu=
lent or otherwise improper activity," Jefferies Financial Group CEO Rich Ha=
ndler and president Brian Friedman wrote in a letter to investors. "We lear=
ned of the fraud allegations when the rest of the public learned."</td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-btn">
<tbody>
<tr>
<td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzUCCepxarW8ESF8ay0T2s4N8Cp0EPMEz2-2BAvHPFqE1Myg-3D-3=
DKeNW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg=
-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfD=
phjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrR=
UyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRx=
dAD8HHyhUTUnP-2BZGifIC8SCB7XoRaik0MwHzydfYNdJk3MiveVxpD68Mvo-2B0ruGQaGrAQ57=
OppTK7WPCYf3u-2BOpQkvIV9UiPbfyCuy8UHPFdk5ipahurVvpP0NeNl1T7fHharRXF36doRGZi=
-2BbEX3h9W7nOxpCX1mOgfi6IUIU-2FGh0t5bNxEJmyaPgmhqZDrO-2BXjQ1Z8tXV-2F0r8WnbN=
se1O8qyDYYR5uxRsMIVgglSfes2pyD14kvh2eWj19XcD7MG-2FqssgZ-2F4ikn5AEWvt9MLOueV=
ZuZS8zdJbI" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18p=
x; text-decoration: none; color: black; padding-left: 3px" target=3D"_blank=
" universal=3D"true">More on this story<img height=3D"24" src=3D"https://fo=
nts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: midd=
le; 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 report:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXCuWZuS8NuTSTI3O=
YH-2BWKaDShLqXq1RXtub30qOfDbSQ-3D-3DtgND_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ=
YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2Ctc=
TLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2F=
Dk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0R=
QpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Bb6hCSyuKH-2F7J3YU5nLOZYl=
Ej7PsYtrsJ-2BWXUT3vDinMkWHRSu7QvBc3PQtDzxf-2BP5ICa-2BHofZtzOnOW0YlY0M8R60Xx=
Y3pRKH60vZh5fohrARgkuJCURyVkTRjad0YsdBlI7sOqlkyHG-2F7oITw4-2FUmwoRGBcOqFuvf=
NMC-2FyZaL-2FpkwK9Kw0jfoBz8glHYEMUVLio7HUff5m5CL1YVEeOW3Izd3jUhXGXeD8uEvbtQ=
769cXafH-2F1Hiy3tvvTYsLEN5FUuzKwEItNSi-2F1cRPYkTK" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">September 2025 US Private Credit Monitor</a>=
</b></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 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>SID=
E LETTERS</b><br><i>Smart reads that caught our eye.</i><br><br>
=E2=80=A2 <b>Startup buyouts in Japan are hi=
tting record highs, rewriting the country's traditional IPO narrative.</b> =
The Tokyo Stock Exchange will look to delist companies with a market value =
under 10 billion yen ($66 million) within five years of their IPO, leaving =
many startups to explore other options for growth as Japan's government foc=
uses on building a strong market for M&A. [<a href=3D"https://url6380.n=
ews.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzXCuWZuS8NuTSTI3OYH-2BWKa4Mnsn1yf3wnrAZb1uvP1Mg-3D-3D9IQA_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSyd=
HmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39=
XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDiku=
zMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZ=
lnMquhAzThDCdWnSRswo1n0TXclsdFPJeHKOF46ltv9rRcmA-2F7gwZPRfb2c9YYNZ1mLNH2tiU=
i5SjRn-2BbI9TLMonr5Fod7128YXlETnEN384SsxLVQqdszUWKBtJ8rv7LbKLriMI9QBkLL768t=
DT1J4rA6Jsm-2B4egJYLkLM-2FZfXrhbWticuS9ZLAYD6SuAVZtmCCEk13KVbt6aurmrsGLMp19=
XZsbSD3YpQywiaWVjNNaxIjWP9CxkgVuVz0IKlXHiwEvb5luHMJv6TxaIevj" style=3D"colo=
r: #1D5080;" test=3D"">Bloomberg</a>]<br><br>
=E2=80=A2 <b>How did yesterday's AWS outage =
impact financial institutions?</b> From consumer apps to crypto exchanges a=
nd even banking infrastructure, is the financial industry putting too many =
eggs in one basket with its reliance on one service for real-time processes=
? [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXCuWZuS8NuTSTI3OYH-2BWKarHdbqODCKDCnd=
uIQaRX3Mw-3D-3DjaGW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkX=
GMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra=
4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6w=
U65O5AQ91qrxRxdAD8HHyhUTUnP-2Ba-2BVNP2rw8oPz1iBBS6pyaA4smYhIrwBBay8DovBsyMj=
EVczSOF4DXPnmvAKEWs5vqJUfAYy4omkfoy4-2Fn-2BkvUlNg8ffPYLIfR4l09Wp7jdbqlmRYKx=
vlQTkhKzHZOcCNZF8WmlFthJoUtbhL5jGT-2FYmUdyI8oxGO-2FZ7JzTAU5c5Boe3OWJBlI2XjS=
MGALAVm-2BR7aFyapA-2BDL2Hl4TX2vrKkdDMtaRf01Fl0FEd-2F2GWZycBT-2FGvS0RTJZzoYh=
lOrOwL-2FiBHszSi3Olk-2FJTG4YfL" style=3D"color: #1D5080;" test=3D"">Forbes<=
/a>]<br><br>
=E2=80=A2 <b>Canada's economy heavily relies=
on the US=E2=80=94but the country's pension funds could help change that.<=
/b> The nation's industry minister is pushing for Canada's robust pension s=
ystem, which manages around C$3 trillion ($2.1 trillion), to invest domesti=
cally. Yet not everyone agrees with this "economic nationalism." [<a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzXCuWZuS8NuTSTI3OYH-2BWKaYD1Q3oYfc3BEw4RnRVo1Fw-=
3D-3DkFfK_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68=
NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXl=
hFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98m=
UfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91q=
rxRxdAD8HHyhUTUnP-2BYM1EW8A06xANpR6XDkpYAslfut43Xc1IMIwknN3T8pYP-2FZeFFADpW=
CrQM6dnBnEtGaVftCnYBZeyjcA0V1GpYn94vQf6p-2BPCr6Gu3otsdcR-2B1gjnlncIuacaCIIH=
u4aUPPaFXZjI-2B6BPJV2pL9Eif0rfDMYK-2F-2Bo73FOMsKI1-2B46nhbuPSK7v8DzeNVgoxk7=
VFSegvHMfDR4cJrlxSI2oHXWGjqwpfLDWS3H6f7ogAbKIFhvaY7rU36W4camq8OnvGddfh-2FqS=
jD9NvjKOrSDtUz" style=3D"color: #1D5080;" test=3D"">Financial Times</a>]</t=
d>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table 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-2BaqM7ONnvsnswouzXCuWZuS8NuTSTI3OYH-2BWKatnNDzvf3rMPIboI11efknA-3D-3Du=
REz_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2=
FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDph=
jSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUy=
rAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdA=
D8HHyhUTUnP-2Ba6NIPUN6yzXkn5-2BJ-2FWjOydwYx5kBcmMUQserM82j9AwhRpI-2FmioMQcz=
cX-2B-2BjV6iCvZQoxc-2Frr1-2BccUTCVu1oJn-2B-2Bd9V82iGL905cPrS76vvJA3lSvcNPTt=
QbGvF9xvOE2-2FYRm9qC7SbPE6k58ykCpz5bH9O950ixbyAT8-2FWSPPsk27O39ngDbN1ulfGAH=
JFSUIa8XQT3sQJfl1EYc1YsPE6bGPHYzf4DuZGMrfKZP-2Fer-2BN809yRFu4GxMdIvY98Vg1Az=
mv9rS8wNb1ziVM9Luz"><img width=3D"460" src=3D"https://img.pitchbook.com/ads=
/ad4320/Monroecap.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; bord=
er: 0px; display: block;"></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"width: 20px; min-width: 20px;"></td>
<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: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce 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: 24%=
; min-width: 24%;
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;">
605
</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:=
24%;
width: 24%; 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;">
1766
</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: 24%=
;
min-width: 24%; 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;">
669
</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: 23%=
;
min-width: 23%; text-al=
ign: center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
18
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Funds
</div></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"height: 25px; line-height: 25px;"=
></td>
</tr>
<tr>
<td align=3D"center" style=3D"padding: 0 133px=
13.3px 133px;"><!--[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/products/=
platform"
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-2BaqM7ONnvsnswouzXCuWZuS8NuTSTI3OYH-2BWKaoIziwExdkV5o6qGN8QJJAA-3D-3DG=
ZIW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2=
FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDph=
jSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUy=
rAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdA=
D8HHyhUTUnP-2BYY8jkd70TrkHeMt7HhFybIkl5c6PH75HNXGkptB2d7b6c-2Fh-2F355AchMLs=
85inpT6j1Vdh6CfsHgGbTZ2Cr2CUosTJ-2BKrA4NuAeJcFKP0DuyR17VVdNAWs9JUXikMx5A5uZ=
o4EzuDZNjZCuoJoOlggF5DBtauorP7GOOtZxWlD8xWglWjf01gGL3cT80yvSoW6RJd88FkZtJiI=
L5Z-2BZuqj-2Bfb56PI-2BsvYAVFsLZsI0qQsTW1ourFj3T6VlWfQH0wgG8EgG2i-2Bt6Wo1hMN=
ZecSvF" 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;"> 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>
<td style=3D"width: 20px; min-width: 20px;"></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_573858" id=3D"n_573858" 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: 2022 Vint=
age Global Real Estate Funds </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
<tbody>
<tr>
<td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
</tr>
<tr>
<td style=3D"padding: 0 0 20px 0;">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 51.81623931623932%; mi=
n-width: 51.81623931623932%; max-width: 51.81623931623932%; background-colo=
r: #1D5080;">
<tbody>
<tr>
<td align=3D"right" style=3D"padding: 0 4px 0=
0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">4.85%</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">9.36%</td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout=
: fixed;" width=3D"100%">
<tbody>
<tr>
<td align=3D"center" valign=3D"middle">
<div style=3D"font-family: Roboto, Arial, san=
s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27=
px; padding-top: 5px; padding-bottom: 5px; float: none;">
0.02x
</div>
<div style=3D"font-family: Roboto, Arial, san=
s-serif; color: #000000; font-size: 16px; font-weight: 24px; padding: 0 0 3=
0px 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=
swouzXCuWZuS8NuTSTI3OYH-2BWKaLJDOtpsQ-2B0n5YeMLHBdRGQ-3D-3DicfX_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSyd=
HmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39=
XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDiku=
zMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Ba=
ng-2BxSzNRCkDcxEH30Sdj5xPHr25pQaJLPlDjW0JUjcmiAXPG7C-2B-2FZQ8pmRQBrJBfcajvt=
uvzCcG4R4GaxpuzizkXMAQCnPicf8c3ZPTfpKcotQTZ5SfnXQ8y8iyo747yza2YmYihE86eBYnt=
kUObplYLtCYC4sgfdueF2QaPEXK-2B7PKaGA4QD0TEWMQ2kQ4-2F6Wk9M-2BubFU4fxuHMuqXwh=
x4VgXrBdbTGFc6HgaDE72HnOgS8U-2F0f70qNZ-2FTKyk74oyOlMn8X-2Ba2WLnmzEJrJv" sty=
le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru=
e">Chicago Pacific Founders Healthcare Real Estate Fund III </a></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
<tbody>
<tr>
<td height=3D"22" style=3D"padding: 15px 10px=
0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzXCuWZuS8NuTSTI3OYH-2BWKa8APnh5UNWfMVNZ9U6c2knA-3D-3DM1Kk_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHm=
KfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XU=
vlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzM=
B4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Baca=
FzPDs-2FsQLPwNX7J309YRWI-2Br0C9s6jjK9t4NYsrWY4VljTaxq77NiEinf300YbKmz74-2FU=
j-2Bq5IjQ4DFk7F8xBLYN9J0nc4h38Vjn5YeEbAeBYyXZvzvTAH-2FqvJ3XRBYq7iHmDsyRv6LQ=
XhGPDyGgZTgBWdbCu3BTEJI-2BuQ2SppzplPgn1hJWAd4B1JO1q-2FcSaQHsotS3ttFUbojvV4Q=
RayEh1ixJyndt51oSbCFI6A4CYqKDYwriSdhaaHVhMTc8t5-2FDIkd9zwSYXXCqhwD" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>Colorado RV and MH Fund </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=
swouzXCuWZuS8NuTSTI3OYH-2BWKaNd6PlVkLtmxuBwgkGfiO7Q-3D-3DKcLc_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHm=
KfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XU=
vlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzM=
B4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbxT=
KKanNKjjruXFNOBPbOcPDeoYGL5d9J4FGhoWiOK9ku2bYefF-2FF8s-2FKI146Pg53I7hptLJBX=
yrypqoU6D8FTlBLzp1DfaWH6Krig2-2F90o-2FN1daagXRJgLaIewp2NYr41bTy1yu9aYSu7Frk=
3sChUExsr0Sc6Na5hkTBfIpWXx-2FxQ1Ry721M-2FTiUdbYO9SNhZHiQeT43sneILfKzyaecw3I=
Z48fxG4opqq-2FIHuS4AUg0tUZVbfYamsHDBJbJn9nXreSWvk2h-2FjfXkemzLNpys" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>NREP Nordic Strategies Fund V </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-2BaqM7ONnvsnswouzXCuWZuS8NuTSTI3OYH-2BWKaYki-=
2BsnbdrOiuRsn9VACLtA-3D-3Dabcn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42F=
wM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6an=
rTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AA=
zXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BaJpJw2tiPTW6G73E-2BapiYYVQhCDm3pHm=
gDNWXxDd-2FUJs3Swl7mpbOVjbipPXuRb8jMZRppi06gUGxZcvKdi09cPY8cJqSqEQZZbMXXklb=
go54cktx9BSURxaobMxBOsx-2BDDnmhXC1MBW8pCBYzsmaKuyeYPj7rXWb-2Bl7M04xgYV3Jw8U=
GS8zPO7jyys7rDtFp7WeyTuFE3ZsJPEQFhWz-2BAU-2FLBMNN49-2FCI3T0hc53VBkGrp7C24xb=
RTgD1Ggr1639tFu2e7bDp4O5aqrpn-2BhZn" style=3D"font-family: Roboto, Arial, s=
ans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-height: =
24px;" universal=3D"true">72 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-2BaqM7ONnvsnswouzXMskzh1=
JNESdS5rDmBBvGRHdVWWS0-2FmU2ojdEqbtPc5g-3D-3DN-fH_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd=
37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHW=
TkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7S=
EYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Bb7KcfQ7WyAehOIM=
ghq0As8tVTYfbnBEKvP7GJNbV2is5G4-2BoJor99flM2im4m0gDdrpCgowyutcZIV-2F0dObhQQ=
ZIfkF3cnKPcOBodKbR2IjZg1dLNCkJ4cVU5ZRVs-2B1gNjISVD6Ra3fF4IhWFyRy5zdNANk1CVT=
lIuYR-2FYHEszgucQXnSGVAP47Yn6PJ5nBAubQKJEfNqVad31FWnX0exP64v85C6kKxMBUQlcdo=
DpC9SchSfHBxOehszm4TmCvfkPUlw5K1jDh8ugjqlZKKYQ" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">PitchBook Benchmarks</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>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-2BaqM7ONnvsnswouzXMskzh1JNESdS5rDmBBvGRRrHJKQSPWNg-2Far8=
znAjXQg-3D-3DIT-r_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGM=
AF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q=
9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU6=
5O5AQ91qrxRxdAD8HHyhUTUnP-2BZF9KYdBDoJlZFu385ZXmFWMnoaBUN3q-2FHPcL9AWIoc7KF=
D-2BK2i-2FcFC-2BPFXDxxRu6dwZe8X1Mwrhl4lpKDna3GoeyLCASFIaVEYiRSBXGB6I2MFfbVg=
ot25AOUknyMa1W1uqjbr3kQ04ufc4sxRiTN9ecsDmpMsflIf-2BUr-2FVrhmLjCo5RgEEumTR8o=
qbqM4LHhkpAOJbBIHeBtHn7t7T52BY4dSO-2FEIOzhsqC8aaenFBSOIMoA-2BE7XZwsPtbSYPsR=
2ecyJQaBSoEaTvbmCdEGQk" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Plata</a></b>, a Mexico-based consumer fintech specialist, raised a $25=
0 million round from investors including <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzXMskzh1JNESdS5rDmBBvGRRjhbzS7pmcRwJ9n-2BPPDKXg-3D-3D14PF_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHm=
KfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XU=
vlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzM=
B4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZq0=
UDnjl08Yrxay1YRuYofF1IABhGa6CnNk1vPj00Us0QGFS-2Bv0shaH7is3Wu2-2BROqpJZGWAJl=
2VSrZtnBXESXqNLJAoFzjGbRwVXFmdbjcNExk2run-2Bah6i2-2BQLtu3V3bkFYc-2FAGAovgy3=
8Ne2eQBFBI-2F-2B-2FaVMhuUd21agy8fmt-2FYB52IO71lUf6SJOYoSPFCG9m-2FB9rb-2B-2F=
aGZiX8qpkVbrqAnIpSDaYw7ff-2FCXiJXEmVwneMwQew5QVrL1ct2YrB-2FFvtONXjKPHz6G0uJ=
LYI" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Kora Management=
</a>, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXMskzh1JNESdS5rDmBBvGR9lKWIpni=
Xf7Pv9NJoeIG8A-3D-3DgAOQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3V=
CZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQ=
SSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB=
2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Bbf7j3WtCN9qqSXuvwr3Prn9hc06zO-2FnyOmkVJw=
R7-2FMqF7VKzEgBIFKS5A4q9wHhL-2FygLDaYHpEvEFH8yHFBCbgEHt0qcIX3CQkuCcQtfjYDGG=
-2BmFX-2Fb1neNzdx7g0CkPWUDUIpIbMbo6WrERepJia6Agyj0QHVV4fRxZD2L-2FaHV9fIGL-2=
FX8iMmW84ah7ZVBkSFxZKlmklvJS3Pln9B-2FejO0EiIkOuHFW3uEDM7PAYruJqAHLuBSGUIyVn=
ZpluSI9xuTf3LnIDxBYUAebfdeII8" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Moore Strategic Ventures</a> and <a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzXMskzh1JNESdS5rDmBBvGRqBMSYjA-2FSJ0yU4LApb9ymA-3D-3DEkct_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSy=
dHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ3=
9XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDik=
uzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2B=
bItkJu9G7X8YeTyNpPPUauFd9ItwIExZMN2zpn30OfZqdQE2WsrmPtV4v1TQPWqCKSTCPovGwZt=
ClprWjxHrwVboMxw3TbNNq0v9ie37v-2B9htjB17RDfxnpRT8Z-2FTyxPi4opFP48as8yzhSxeL=
MyfbxLFp2-2BsfuqGrxw7Imm3lHdVTKpXk1FA0H6IziAm7h-2BzJQJZbqEGWYeMjf1zAwkE0SrT=
UTDc7KkLMeR-2FpZM35vQrBywR18IHQ5suoFP2bbJ20RQIPFqqtCCZWnntowu3S" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">TelevisaUnivision</a> at a $3.=
1 billion valuation.<br><br><b><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXMskz=
h1JNESdS5rDmBBvGRHx1afjTOYdUrX4u-2Fz8G9gA-3D-3DOaZI_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jND=
nd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYz=
HWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M=
7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Ba68QYc6Qd-2FU=
2QoT0RmhcJu1Rf0a5ow0-2Bl8Af0U0ZgsWIfMbLGutiMiLMmmMdX0jJ3JUczoePlxEw0l67vCZp=
no-2FVp8nwffCKkQRD2-2B3Teg5g-2Buk1J7m7KoBRaa9GWtkh-2BvuifYLwJ69LRNtviC-2BUO=
mUGPWjWCFuYSX5M88o1qco5mbs6E5GOg6smItUuWsBlsQt5FdFHg6iLBaL6GwAppYQu1B5XbxSx=
1uzrC3jutqag50E8UQDLn-2FjymY4SfQi3OTkUTxOWto7jgBpMRmA60C" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">OpenEvidence</a></b>, developer of an=
AI platform for medical questions, secured $200 million in a round led by =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXMskzh1JNESdS5rDmBBvGRZLJ9MxPErKqyL0=
X0F59yYA-3D-3DmBcs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM=
cVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXG=
MAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4=
q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU=
65O5AQ91qrxRxdAD8HHyhUTUnP-2BZbk4nkoAoAYTy-2FOd876A7NaQlQ6eLd8i-2FAp-2BVNeH=
gZConOzfdgVZmLSpORiQxy7H3gwNFLr5cbEqbzqOmWpM9k4DVm2xEleaHCbLCSmDXmvMGI83mdX=
XfVb8qJHf9-2BNWfkkKFcJ-2BCBjZQ-2BPC0k-2BT9xY-2FotkLDsyczzOUY5iFS-2FVuryaN7y=
VY-2FcYzmybA-2B-2F2C40wkfzxDWelK-2FvgK6Hj5YkM4DzoAjTu-2FXidPZyFjRKij3AXXz64=
FlQRm0aMiByxFzLEcvpbn9FEWCUnD-2BVDDJl" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">GV</a> at a $6 billion valuation, The New York Times rep=
orted.<br><br>
AI music generation startup <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzXMskzh1JNESdS5rDmBBvGRsIZtIghOlUEK9nrgNMKbzw-3D-3=
D53gf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg=
-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfD=
phjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrR=
UyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRx=
dAD8HHyhUTUnP-2BaYMdPXhMvK-2F3n4IefCHltkcfG-2BPd-2BO3S3C4uL-2Bw-2F01SikFcBs=
bZ6BMKy4K8qU8ESDUp556ifhiXkiFTnBMS57QeL2IBe8-2BVDGeDsUKODtEZSnnR7wa-2BAj4aa=
ebk7Ge9x7P5IGfIb446BvUyoqcmVdioiMhTrPHBKdMXabzglP-2BRHv-2Bx3-2FmqQfXK85-2Fz=
ldaIzSOQTt-2FOPdKlnu3Up-2BGv1AAIFIZ2EhlAgerIBU-2BlgbdmSfZU6-2Bts8-2B-2FHuFp=
J9UPLKlzopdrDJEUSN0qOwlS7-2BmI" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Suno</a></b> is in talks to raise a round of over $100 million =
at a valuation over $2 billion, Bloomberg reported.<br><br>
London-based neurotechnology startup <b><a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXMskzh1JNESdS5rDmBBvGRaTv7OHzrdW3fP0YbIC=
etvw-3D-3D8b5o_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2=
TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DN=
Sm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5=
AQ91qrxRxdAD8HHyhUTUnP-2BYecy5KGSRTF-2FtVyDaAaMgST4AqP-2BC1KLVL4wvNdGlGdfZr=
TuVAH2tU5jxjt2zhvIrULcNI9XWzzogREIjv8-2FP47OEuqKIKvtGFbWTs7kMW1TcNlYyyUw5a-=
2B1Fy00XMFtXDXL8mOPlMzctcstKyr-2FXM-2B0mfH5dvYIkhgTYNrOKeqIjnbroFvKNbH3JxiX=
PhtDJGwcg8u6oFCXGQNBhLu-2BN67-2BcOSmLtT4LqlgGvESZCkVj453I6E66yBuNaZi8VYQvyv=
IbXsrT1n0fzGuWWicm3" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>CoMind</a></b> raised $60 million in a round led by <a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzXMskzh1JNESdS5rDmBBvGRvPOD-2BQn449gCB2nYH-2FvDfQ-3D-3D6-KN=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTE=
i9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ=
7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAw=
WgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8H=
HyhUTUnP-2BZc-2FJygqFL-2BS-2Fmlox-2B0JouND8S7e90iFrYqP1Ps-2BFRzgrpJxQaJsGnW=
qHZqB0no9wKUu9s7TrHXPIgFqSLrFtt7LW4J3XQX5WBK3Xue7C5AXm-2Fu36L8Ah3EBYsYqGZlv=
qOBhvOGF51jM72JJtMZKdEw9PXfyY9AHJ8kNzHWo-2BKfHzMGYKKr-2BePFvRvAbbRhnSEGt-2F=
wYbxPzLyNC6WL9jHLMxtcMsP3Hfr75q0uYGsUveitC9UA9VxnZ-2BoWtrL-2FF8XnG0Gf-2FIqP=
BgDigACNOdywe" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Plura=
l</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKB73feFbMGtbTg8rOb=
h-2FPYa85p-2B8aS9LMBBGVOGlqFA-3D-3DS_4V_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcT=
LFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FD=
k7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQ=
pFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZhzaSkfGM8evgG4FpO2uH5TBb=
ldY1zvuy3lQ-2FD-2BHJXWrEP14HXUy9-2FCi43xYH4jMWltE9b8Yt42APs7J22izzN-2BKOrHB=
vvlNj1CJlvF28vhZMo59qd3EuC0HDI7-2FJ3FCVKA3b0xclZ5CUvAAI8RrpGAyZGkRnOob0Yn-2=
FrfIbXb5vkx7yWvTAVjtG1pmv-2FA1UFsyeYQAtoea-2BvAgfezVWGeeFydgAMRmE12tTvf8RFe=
LydB2NVP25qSPSW-2F9nQJ-2FFv8VPQ0x4LCeh0IhkOFp1Qp" style=3D"color: #1D5080;"=
test=3D"" universal=3D"true">Knownwell</a></b>, a startup operating metabo=
lic healthcare clinics, raised a $25 million round led by <a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWKB73feFbMGtbTg8rObh-2FPpnp5U2rMcJS-2B4v4uQhulAg-3D-3=
Dnyfi_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg=
-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfD=
phjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrR=
UyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRx=
dAD8HHyhUTUnP-2BYazqF5-2FpjgfVpcs0PA-2FAWSuQ4XVgEy1Rlz8LLsfByTew1bZOfLhslhq=
xd6xbQzm3nFTPGzPqU9Dh0qxCgpJDd13th1XlNJ2mLta0BWqkifg03lzJcvMVYhm-2BmeuEwGvg=
vJfm0Ls7GepXDib0QiPnwPwUs2tUw1XSh-2Bwf1hXKiHip-2F7BvyO2G1yWSqyune-2FoEGi0CH=
ZhRetbvNIdDZtiLogH6M7vUyQReJYYFw8dGc-2BotgoFlebbcL-2FWtE7MnzmamSxRU15vKjJ-2=
B7d6h0t0LZB6" style=3D"color: #1D5080;" test=3D"" universal=3D"true">CVS He=
alth Ventures</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKB73fe=
FbMGtbTg8rObh-2FP65ZX1RqwJAga-2FKKN43E7Gg-3D-3DIAiI_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jND=
nd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYz=
HWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M=
7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbArjtErm5jJwM=
IWq1hfSLFCCH7PFfX1pKRWRjm3Ppjx9CcfPeetdFq5HNuEh8bwefUgnCKrBTIUpvGuQfdQT9ubq=
OGfWdavlGuoRHbZrT3jUVf8ahgqXzfY0p6uXgfTIHkOdwWCDy71lpsnAYc8KCgezGav5QBjghxE=
kMHc0yH3-2Fe0zsGe8xLBwOBqqpNScf8CuLT3c-2FzWsc9evPhJE8tDHY5DSlpFOSWYVIpp0bis=
-2BXNCYTANSQNzERhFRZ1un15uRiIJVE6-2FOmZ44AHfKlCD" style=3D"color: #1D5080;"=
test=3D"" universal=3D"true">Faeth Therapeutics</a></b>, which focuses on =
treatments for endometrial cancer, secured $25 million in a round led by <a=
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKB73feFbMGtbTg8rObh-2FPXCEfvh0nLRazdd=
uY0mmOlg-3D-3DwS_g_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM=
cVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXG=
MAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4=
q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU=
65O5AQ91qrxRxdAD8HHyhUTUnP-2BYcNkosmB2NCNUoE86wVr8VceuDGZz5TGPvPhKKDRk-2FzB=
dRS5qlcaNQhzfDWmm6-2FIbgVw8Uiox7RQ6wikwnfn-2B5QuV23Tg0YQ2fTIL9xcOp2LiixyNPY=
8ZL0HKTJm-2BqSePZxqvf0WEcYw9L1vUeLL5f9YyMJqAF8lRJEEqUHb21VZ-2BDuUXgP-2BKCqi=
nHJQZdhOr6Zhvy4-2BlOPlMsXQKERHNVIfNIwRKoXfJmCDKcfVStZoBGl-2F6mphkWFAEnEh16n=
E554eiV2mwnCJGHRjEHXyih" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">S2G Ventures</a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKB73feFbMGtbTg8rObh-2FPyQk5E8iH4uhvMwPSiD=
tCMw-3D-3DsWeg_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2=
TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DN=
Sm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5=
AQ91qrxRxdAD8HHyhUTUnP-2BZg1gDFV-2FQGWImWD76NaqVJQ2HTvFx14sOUWFx6JQTnY5zQUk=
oivkki3g5q0vFj6LPZI51IK0tAMty-2Bunm9Hhi5WHD6YuMG7LgGeogu4mXH-2FJN9w-2F9mw7Q=
JgmcmS4G-2BzuWDvmDcmWrjF5-2FaTBMVAse9pdEXJmzqJ8WSXQlumm0vMG7565pcqbP-2BUpP3=
uMTkIhxAUV69FLcxdsQCkVXaGkaYVMfINQH2DhketGYkLr5s2clZd6Q2aalApv3dJhwkIKWTWwX=
osu7bNj6qlzMcXkti" style=3D"color: #1D5080;" test=3D"" universal=3D"true">E=
QT</a> is considering an acquisition of a secondary-focused investment firm=
and has held talks with <b><a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKB73feF=
bMGtbTg8rObh-2FP3kbQZTjEOcOVzeuvLz7QYA-3D-3D7pjK_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd3=
7btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWT=
kDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SE=
Ykl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BYzlP6VocAz49Wgfq=
Q0PW6r07-2BIkJtmDZ-2FkPqouTV2IHCApN0mfcY0c9sp4oh1xV-2BWG7uUzw9TPguNpCvIaIEb=
jR-2B9N6fmFdnFdOwiaJEfnkeJgJxbCC9cQINTdc2natB4oRs9useAU6FKD0PnGnBX8IiR07gmO=
tWolUOjVDmGlaJiPLRZbcnZK061h4-2BFyvwY0but7Z9RoOGdsNXtrkmsF32Qr2nZzropweEy-2=
FZ4VEeD1SdAzcJIgr7zUx9Qd3EUQUiWniIPY7Z1dfeKGJZikt" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">Coller Capital</a></b>, <b><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWKB73feFbMGtbTg8rObh-2FPm6mYJuUnFBWqGvubLWHgXQ-3D-3Df=
3J8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2=
FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDph=
jSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUy=
rAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdA=
D8HHyhUTUnP-2BbL6dCyVqQbtJAfa-2BS8RiLvVQFhw-2BINTPI6W7HAQAm5sx0NOyKRvRYlPhk=
BxHgBjrKndjjUZSCcoSd5EuzoxSYDVex9eOgs6Tko-2FTTHppMGawk5bW1FCZaBbuj0QPC3C1Au=
O9AUFhs0j0uaR9w-2FeAV2Y6cy-2B9VIzHUDAU0ju3696KYMQ9tTlJYpVHrzETgtXTAJjow4a0i=
fGXoJRrSZsSs7RGnzHW1J0Qvgkl1xxq-2FBS9OS6TmFIkylcRprbX1rEWWL8zdkcZLnVCFF1SEB=
PXlz" style=3D"color: #1D5080;" test=3D"" universal=3D"true">HarbourVest Pa=
rtners</a></b> and <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKB73feFbMGtbT=
g8rObh-2FPqLEpJ70qZE38Jhkk5rfW0Q-3D-3Du_Gl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw=
lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2C=
tcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-=
2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN=
0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbNUP3laLM9msaVDL7RxcS9=
QNhx-2FxboFDhknvRSJSJm15s7qPlnl1hK3ZCmx7-2Fj7oZWOHOyMfhZeqIaG8vd8dTVOlRs-2F=
q8PYY0Y8rCYUpqmz0om5iNVFdbHvLpQsEanZXQskSGDQ7xqKTLwFxH8NbZTQwTTvwxX2Cbmjwa3=
oxkIiQMzWkrdKaahMs1k-2BdAe1t8fQGNQtSFe5XctXY7D-2Fo-2B-2BInwuzH9lYlW6QvNBq-2=
Bw0E3z2G-2FOMd3UVO35Ktppra4dB-2BDDRmT0s6M4L5O0KXGTD" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Pantheon Ventures</a></b>, Bloomberg repor=
ted.<br><br>
PE firms are interested in a potential acqui=
sition of <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKB73feFbMGtbTg8rObh-2F=
P-2FrZzzH8Rbld0kOrRjzU2UA-3D-3D_d4X_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZ=
On42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-=
2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY=
2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbwXcqKGFT4tMXgpBdXbD-2FNkkv0V=
OKd5CdfSYABtsYOwSzkpd7j7OhKfW-2BvlBNMZRZy-2BHjhUzWXdFM7WVhms4DQYSUmDbv2HKJO=
RSoyR4MsAMzOQ6Jk9dDegh1atmFTmJDpWkMALtC3QlTyOtVHbIJvCrkCrHMRpdXdKHky5oITZN-=
2FSfDy1BRVfg8bCb0WNcwaelRfGqYKeCFxGRvtBKtR4B2TS4d4DtwmaSUvR-2Bnqw3pkwtCwwJV=
8uibVU9bPJtIidEOEKU4F5hnXyb2MZPdc8" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">Dynapack Asia</a></b> and <b><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzWKB73feFbMGtbTg8rObh-2FPtOGnkjuRy4BgXUJyOQ2dtQ-3D-3Dz6CA_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsS=
ydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ=
39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDi=
kuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2=
BYPSeXOQl90SaBJiQQF8P9zdZ-2F9RCPdAmbApTkIkvfmP6Bxjj-2B70Kfbe0Rer4drb01fAYXv=
GQUIVE-2ByFfrhwUzJPn5WmqFubdnacNNRFiI1TrphVLbTOB3ZV2LTaeOtN-2BOUhvzhO-2FdTk=
T9wB7G8wBuHNkRHrC1V9c3EutR64JLZHt7Fvh1p3vpjAg3bqInkTw3yqCEWbVl8TT6h7b-2FOvf=
hcMDxXnkqBtJyIQj6mrpplg9FDCXUFS7DvMgQxbu7H-2BjzTVSJ53cHVcCryb7Lm2LME" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Pact Group Holdings</a></=
b>, which combined could be valued around $1 billion, Bloomberg reported.<b=
r><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXtWITthuE1WPGTUnmc9JdEhgfWYeMI=
kLWAp-2BdM8LRaLg-3D-3Db6z8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N=
3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5=
qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrR=
cB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BbH8G2Lvn6vJWQH-2FtmBTRsE9IA5zCEXwBg6C0=
zUdr3ZHWyyqZlxk7JICjw9-2FbiLVgLAgZ6wFV7EmgiU81vkE1il3Dt0j7V2YKtRJG9mju2sMix=
dGZFhVQ3CdH0s0sSI9YWOxa79NJL0zjVcnH7Eou2h3tHreJL8QtM7xkvMwI-2FyhZ-2Bw8nFrQX=
8XLRF-2BRvQBPtl1ItfIhIh361RxVL2yrumtV5pI-2FVrrMnm-2B8ukysI9GHugo812XpjYj3-2=
FfX6SRGSWNIlZ-2BFV8DmtewxNirD0WNU" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">ARC Financial</a> agreed to acquire <b><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzXtWITthuE1WPGTUnmc9JdE-2F7JXmOjBoaq8GoRfpY0IQQ-3D-3DywX6_=
Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi=
9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7=
xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwW=
gjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HH=
yhUTUnP-2BaXYHT4gJoEeZ65ntg-2FNxK9D5M9Qw2i0NPgl3zPV4mYq41X6jOxvv9R054JiN-2F=
usfZce6rhyIJE4lZOq3h4HSUbT5lfZ0tJ8Gs5rJwIjpWC1fa-2BnZGc1CtxU8P1o4ykfemE36Um=
KazK-2BfhCgHFhw0EKLEsRbANkVNGeuDzFhQIbJX3TmodNYFcNlJchIVdrqlnI8L2b3kGkrG0EM=
yGNhOSz3y-2FBkEhcyQOf3F1fwRvpyCb6gElOXKmE9GCysD6rWNTuoPtAV0KkpYcutTw59Djs" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Step Energy Services=
</a></b>, a Canada-based oil services company, in a take-private deal worth=
about C$5.50 per share.<br><br>
Media services company <b><a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzXtWITthuE1WPGTUnmc9JdElWAkomBAONGe0GIrsYFfTA-3D-3Dc5sV=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTE=
i9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ=
7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAw=
WgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8H=
HyhUTUnP-2Ba6HOHIw9KCklYfz10n-2ByRwcPToINBjS-2Fw4h-2BjXH5HtALIWANPd92EKV6WC=
PWkGvF-2BP0Y-2B2y-2BnLxItgGIZiK9ppenxsKxS4-2FVwB5BtTV846FLMyRWyJAQJHGbiNKwm=
pvkkyzWMwI5TXndZvpS7JjEV4neUGoPpY-2BnTm-2Fv3ItuyuM5SigDM0ebHT6zwe-2BAKXFXm3=
54OmtlXuO6J5xXkPgwploTo9s51irnWjcrMmEIQ-2BkaphjaASnyx-2BkK4oVx2ef8pZy949Vuw=
fF9WyHScx1H7I" style=3D"color: #1D5080;" test=3D"" universal=3D"true">NEP G=
roup</a></b>, a portfolio company of <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zXtWITthuE1WPGTUnmc9JdEyVj-2Bdank0hTU9mAewFl-2FPg-3D-3DQm3O_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKf=
ZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvl=
RLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4=
A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZYjf-=
2FIHzyHDhoZqd0B1gNKGCvKP0iDnAvdGvlp0XU9sXafocJ6nI7-2Bx0xIf-2F9lRYMESJxbjQgh=
97xXPwHZX55YRhymhVwD4N9X-2BsRvX2OKkyVqMjzUpKaQ-2FODxzFFT5zpwlGkV495zOU-2BWm=
Uzp-2Fjk1ZwieF6rEow-2BQXHh7HnvLdjjkSJ-2FhKCBx76cXGxxuW9N1s5BDvPwc1YlZVqWmSR=
hn95U1kyRvaeWHvWN5FVVavtnaMb5rvzV-2BajdmEajetjiDiMrsgRmDnZFVcGJE5Z-2BC" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">The Carlyle Group</a>, =
raised $700 million from <a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXtWITthuE1W=
PGTUnmc9JdEGbaRrGndI4-2BpqkOZPqThig-3D-3D5IR9_Pr966knuaHmaw6c7pKvB-2BCEiDnj=
5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37bt=
l2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDV=
iA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl=
8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Bb6oYX9JssjdN-2FTcH7=
kzM-2B5tXEmWnZpzUcsOshUrTF8xRQWHdLG-2B2f02EjcsLnVgdwpZ9vvWYepK3VaO-2BN1ci-2=
FuZbxrYb293gTOa-2Flck5YOu00JtYr1khOwkjcvamaraY0TCSST7JZS6ojkTB-2Ftub8wzldDE=
GJYrAbThcZdEjPCbZy89RNq7P1nc-2Bt7MyyiOpDH-2B2B6cWHecxGOx-2BKQaOVIH9zedovDNH=
DgXDM-2FhqKbZFshcb7yrH7JYsTvwe68eohHdOgdrLIeI4UV8rEn-2BChw" style=3D"color:=
#1D5080;" test=3D"" universal=3D"true">26North Partners</a>.<br><br><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXtWITthuE1WPGTUnmc9JdEcJAHCirpcJNPx-2FySuh=
Rq-2BA-3D-3DEacn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMA=
F2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9=
DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65=
O5AQ91qrxRxdAD8HHyhUTUnP-2BZbN5hEsUOegRSObrPEH5L-2FjHWQd1hjVtGp5HxomwiOS4P8=
ti4UU4OOVsM2nOPK7N7y4J44-2FubAVuhhfMDkpaIyXdzaEm-2BGQb1sk-2BgOGknGf8Oz6iPe7=
ec2FfIRTJrxGdFkdCiQXm4ohE7Jx37xJ0hvvymlB-2FnLNBApDTMOjjYlkSh29TOJk2yPxOR683=
UEHr3SkLwdBHPKB8kGM7c8XDQRj261hlBweYdRtkGqLLO8uZgxnnSLqKkvaVFImhKJzHR4va9bN=
-2BIBoKE3eBoOOdEA" style=3D"color: #1D5080;" test=3D"" universal=3D"true">K=
KR</a> committed $500 million to the launch of its new shipping container l=
easing company <b>Galaxy Container Solutions</b>.<br><br><a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzXtWITthuE1WPGTUnmc9JdEx4cgSJXw6A8C9tz-2FAo4pKw-3D-3D2f=
GN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2F=
TEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphj=
SQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyr=
AwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD=
8HHyhUTUnP-2BaahJCMhiuRquNLA0f2WLThAVb9SoVvS4MDrueZEXxy6gzUumVcSqLRhCUF7jH-=
2Ffj0TS6NoXrT-2FD3vaTI7J9WIdXztXrTYtQD2JFn0abj-2FCX4mBeUItEMY8bAepuhoxYGxeP=
n4tH9jet-2FbnCPArIc6-2FvTvev-2FxJ2gDdVF0VqqpEddnuKuCqtbbToEIXeaT-2FENS-2FxN=
HTfyVT-2FJSxVD3tpbdW7DenbptWhbhb6aCqJ3p3SULDRa9uLamOgv5MZoazNZeN-2B48u-2BcI=
tFIuuNfXOjNh0" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ardia=
n</a> acquired a stake in <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXtWITth=
uE1WPGTUnmc9JdEPLa0qDeUk26eBL-2BBNoRMkA-3D-3D2jPv_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd=
37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHW=
TkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7S=
EYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BYIKTeos1p-2BIEQ=
RG1xbBNb8aIfkhDlM-2FQ5kZn9nypd08Kl-2Brql60OLpBCiGAI6YoL7PggCRR-2B7wljEPO4kc=
9zck1eWDxRF2745bmknzTT1A00BJvaVXwxrrSW0L5ZeGUqMzpzvGMXDIwyRi0k-2B0MMWwmbAmS=
Xx8BYuiZBbihMelRJFl4oyzPGU71s2XF-2FE3UVvCPJcx8ivmkknh-2FuQ6ZFNGUqiFN5yUIVTk=
29ZAEqRWMhXnqlvg6bFW-2BXEApgO2hcnNLNUHiL9uwVHRPX0HHMMu" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">JPB Systeme</a></b>, a France-based des=
igner of aircraft engine parts.<br><br><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzXtWITthuE1WPGTUnmc9JdEJ-2BSKVD68hnc4paY9q98p8g-3D-3DZlZC_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKf=
ZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvl=
RLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4=
A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZfzVH=
2tjdC0uwqKuITeej9V3eyr2Ib-2BuNlrxgU4kDzULEoJdkfXVhrP4grNHtuS2c5nqwJaCQfbFTp=
pcd1U12KJfh9xDMuNC-2BQq3Vt-2FfG1vxSqUUO8-2FYv3yXgF7JssMEivP2PEK2iW7IbKm-2FC=
5k2ixJeDohYjmRleBlEHw6HxKqUZg-2BFDZlf5Oq5dJ-2B4Pw4HJTI2uARJIf6WsToJ61MfTlEz=
pnKRlq-2Fd0PmUR60KpUzhP5mCMNEWgy-2BGioUVn3Z5JrH9OWfflud94M1lYGSCSp" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Renaissance Partners</a> =
agreed to acquire Italy-based digital infrastructure platform developer <b>=
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXtWITthuE1WPGTUnmc9JdEWou7PIRj5AERwA=
7FfA-2F6MA-3D-3Ds5pe_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbk=
XGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxr=
a4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6=
wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BYOmOR6V4RSgtcEaPeJvsAyXZZUj7If61O9vtrl6xuviz=
B1MLgR2uylX-2FGL1OBdlxZxJPWnFzwtxTUPaoRRo3sIyXbNweatSYvU1rj4i2cQVY-2BnwX3HX=
SgfajPIXVOiBwIJ2xW4HYYK2hFsSIbw0yeaxR2tSdGifqSTdAMWxSKSH-2BZRVLB0tw-2FNQY4k=
tvzN8-2ButoaBGNwIha3thSSoETbbFhK1bO6EZPMGHWsl9R0QScVZggd-2FgSfTZUcxIlb6-2FO=
BZzeW3evW7lITyB4UZXVRpF" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Lodestar</a></b> from <a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUYX86kSB8=
OYvWGH8-2BmPQslNtak4ps3ZtPpXftzIIHy3w-3D-3Dxmxb_Pr966knuaHmaw6c7pKvB-2BCEiD=
nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37=
btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTk=
DViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEY=
kl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZNM9Rsf-2Bq4GTpyF=
MCFSf04UJ-2BmA9yKSoqudBnwYYLpiAek-2F16Wv-2Fpfl-2Bp1tN1ah-2FiDnhlE6gbSYZdHjy=
oTaaa21NkyDvkJ2GPXWO9jbl4W3bTFv9zV0Hh3favvqoy43A7iQn4ssftQnSfSMyksPobGhKpVS=
UBhbxy4cdI36dX97fvrEI481HHCbcTuc-2FbvQGfoJE1Lk8cNMVttJLJf2Ok3NRrOoT5TNi8QOG=
6igNlnENCE5gsEWJyybIJU4aE4wvoCDYTqyad6j7dmD32IIgFF" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Bravo Invest</a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUYX86kSB8OYvWGH8-2BmPQslPFNaSnNk8nJYJ08-2B=
JaQ-2B4A-3D-3DFk44_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM=
cVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXG=
MAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4=
q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU=
65O5AQ91qrxRxdAD8HHyhUTUnP-2BZteg0kTYfCJ-2BfZ0xCbwhMxKy-2BFnyu-2FtmEUrUDc04=
Yy-2FNfg9rhwxQ0H9Cfarm7X03WSPBOaH2cKT0rDhw1UKl06ppQIfe1tEZ6KjZL12syx-2F2h6t=
M7SySur5M8Ue7A-2BuNelfILNH9EZZm1gBeuUHvLXbmIl3Fqeos1XsLCCxJWVBSshmGbpp4ZOTc=
jql-2FpdeIdkbtaH1kUXGtusmUklXHCbx5EO1C7UcMnlL7JASxSy0MQp6akyhQfRoAeCvItf9Fi=
qA7zNAevj9YiEKMWyrDO4" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Permira</a> is preparing for a sale of financial data specialist <b><a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUYX86kSB8OYvWGH8-2BmPQslYTDXs96GJWV7RxrG=
VUJ75A-3D-3Djweq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMA=
F2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9=
DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65=
O5AQ91qrxRxdAD8HHyhUTUnP-2BaNFMBEFT7NgqNoHUw1xDWx499vxtjSmsssgMqBc6XMvzuzuH=
h33960fgtWVtQLV1AWUT7coGmwwA-2F2pGYx5uUZieKvt-2F-2BDeH9OgbPJP95LbFpKXgulAMQ=
WAR8kjGiEY5EoGgUXhVmn3jPgO-2FbAqHnc9R2Lc9v7tWVJC0TP7cBf7I-2FL-2BppeyMYrdOIp=
AM4lBBjHS6H3qYfSq5zDG4IUJV-2FdicRNPVxCIQAfd-2B7FvO0wI-2BR0cdsRnKZdzg9SC2gn3=
6knP-2F2TTQzLc3MYmyBR5FCj" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Octus</a></b>, which could be valued at around $4 billion, Reuters r=
eported.<br><br>
PE-backed airline <b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUYX86kSB8OYvWGH8-2BmPQsl8N1-2FBKGmGKdWK-2FUE4WX6Aw-3D-3DDs-=
N_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FT=
Ei9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjS=
Q7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrA=
wWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8=
HHyhUTUnP-2BaYLHb2ZevEKBAHovn2LMDOvqPktUm7nrTL4QK0nJ6N-2F53enrFnEfxvxeo9V2o=
h6TOts9DzTSx6D9e92ZVq8DqpqogR7pnZ5SbN54jL7pRFqIVi-2BlqHJM-2FNmRjVwnr00VkBMa=
DVNuv1VguePzItinc-2ByB7lBGmlTmFlnLqODxCjLSw-2FPFEv1vhKkx4V5EII0xam6PKy37MTL=
2blJP78DZALI0GsSRl1de5W6LrZOEOSPtXrX2f-2FGsFqhZbZjud1T1WJQIdCYZaIjWiQLQP-2B=
2vNc" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Groupo Aeromex=
ico</a></b> is targeting a $2.9 billion valuation in its US IPO.<br><br><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUYX86kSB8OYvWGH8-2BmPQslnpqdHjqETpe6Vwy=
gbLmHIA-3D-3D7DrZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGM=
AF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q=
9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU6=
5O5AQ91qrxRxdAD8HHyhUTUnP-2BbeVvMSSgUfJYWepzbXmhf39kuwbo4mSvldmFpcxQg6tqdHX=
fYXEydhPwQmg7RODZqVnJrFNsTDy1-2BGFXPEqkNKFgrVwVVCppKsNJvReJy8NCae6IlwZF2-2F=
Gcl0gbCZM-2FgB1JuU5e6fEyFEFV4kQCK0MalHmsFkrIZ1Fq4sDWbFZVYCtzUklwjnfVFARMTWW=
N8xS-2FEFm-2BJ94gg3UqauiULxTG5cEY-2BCBCMALrFbledl-2FBHvhuoJGmI-2Fax0K5HFrap=
U6Xg0POVnHQThY02HEYX-2BK" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Lone Star Funds</a> agreed to sell <b><a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzUYX86kSB8OYvWGH8-2BmPQslZtBYdFitlxkVmNreVJ9qAg-3D-3D3bGO_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSy=
dHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ3=
9XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDik=
uzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2B=
YSKTbI2t6U7MTZEMPjj6uFSQYeaH4PEu8mTuiQePnMPBT9cT5TlTVdvAz5FDIOhq-2BclU2Ab1W=
6S04R4MKh-2F-2FUgJoxeCvrrRDBOUcHu5s5FyyNtnKK2-2B-2BIwa-2BbrlRss2ux7HuNX6jbb=
wA3huedlVRYnjLYzXTEApS1sshCJEu4JvzR9YgfTTYagwFulMMnCbocRx-2ByIpqcIx9s8FXfL1=
RlLohbOvveyrS4BTULneLboNDZkx4jLOnIuO4loRr2Dvqz99zx8GmU1xCrNIPm5SPtW" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Xella</a></b>, a Germany-=
based walling solutions provider, at a valuation of about =E2=82=AC1.85 bil=
lion.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUYX86kSB8OYvWGH8-2BmPQs=
l2ijs0viO0l8rb4LP3QZZIg-3D-3DCGWI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn=
42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F=
6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e=
3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BaJR2p9nrXflZ1TFgluehjptL-2B7FFA=
gRiNXKftgOkAVbPy-2FjynKDC6eRr7UQltvYU-2BUtGnheI7GCnTQoDmzuVmQGZXZgpB-2Fu7OS=
aDMzOmXVdke1fUvy5YwR4Q9XjYash1HEZGWG65pYY4KBRLSCTkiWv6tRPnCi6AstjIikM2rdq81=
Xt9Q7iHYt-2FX37avoxRgFuACksVJrzO0KvOkd8uxCGmrl-2BrQFYi2ljANe0wEWtEchL-2FXcc=
c1IAPvl11aNS4MiYhMVoUjjU1v2rdVFRmu48" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Penta Investments</a>-backed retailer <b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzUYX86kSB8OYvWGH8-2BmPQslZNW-2FqqOcZXhs0X5e3cxUuQ-3D-=
3DXGxM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR=
g-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFf=
DphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfr=
RUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxR=
xdAD8HHyhUTUnP-2BaT-2FtRWPHxaMaeIkifGYAo9uc23IlLbOR-2Br6mTB9NLCZPuYKbFHK9pc=
Pt-2FbMhS-2BW0OXnoRejsceeh0psz2i-2F7B-2BnW0i025XqrkQHhtSOBDabpFon-2FuErjwty=
ypHCr-2FnL6w3IVY4j7iOQB67M-2BI7Ay6R6K7zHDHaiG0VhaFRFrW-2FipOsunafYlLBB1euzS=
RL-2F5IJWuI2pCUGfGHCOMXgwGNV339aM-2BQiLioZC0MNdLKylI0Cn4EDLpLllahGoFB4N9IZj=
068cTIn72UuNOFXMCln" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Empik</a></b> is looking to raise around =E2=82=AC200 million in its Warsa=
w IPO next year, Bloomberg reported.<br><br><b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzUYX86kSB8OYvWGH8-2BmPQslnyYaF7ncf-2Frlt66nySVtjw-3D-3Dp8Y0_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrA=
YSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBa=
JllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvn=
oGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTU=
nP-2BYquQ0rkaAYMwEDA1Rh7yKInLiuP8vJejPvMFiBUMWNjdSdaialBUjttIgRwfAMtT5DRRvl=
R022btfekPVCrvaC8lMWaDqpFuVsSHSDLV4RmyH9nKf6BsvZ8HOBlC3yCzCbquKAU1hjO0hoCpY=
Y-2Fi-2F7-2B5Bye-2FfBDhYl32BzkdPveovQvaHcScfsRhh4ZIr20-2FmewGBY6Wq9Ow3HVRyx=
MrPfG17Bo-2F9dgVeGfdOeQPXhiJXC4a7IptIfy1L5IfoHw4hzxT66ec2QoRuDX01HAF-2BW" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">FineToday</a></b>, a =
Japanese personal care product brand backed by <a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzUYX86kSB8OYvWGH8-2BmPQslZiMIUTWPp1-2BB6h-2BBAcXDbA-3D-3DT5PB_Pr9=
66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xV=
rAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDh=
BaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjY=
vnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhU=
TUnP-2Barw3ok3uQXrFr-2BrhqV6BmKMkMvPqzuPyEgj6ZagOsX-2FNYjit0tou97Gu4nIb3kym=
wUCXnE496KIiZSCyfmWOqDmcOT4j6tWGz8tz2cbXGFYc2QH6hslzdJZNhh9K9f026qp01Ls7jSn=
eX22AwD7lcnjwHgpPL8G27h8Si2XHYNt0oeJr8tLoTbJboYJeIw0bb-2BLZdpn-2B5bQezkwWDl=
y8kKarClHdmLubvuM15OgExuKn9M9uKVozmXbMZcF1fwNSFZS1P7jD0W88c2DhJkMJvC" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">CVC Capital Partners</a>,=
canceled its Tokyo IPO for a second time due to market conditions.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Los An=
geles-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2FcrKhGzEzrXHkqBj5G=
Ne49lZM61zUuj0I-2BLNy1CRsIQ-3D-3DL82g_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLF=
nZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7=
x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpF=
YY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZEgaYtz67f0JDkEDjVAgorO3agw=
hpFfSnMh6baZ9gBKJK-2Ff5Me1uup8CB6d2QJIXl0-2FFU0Kd0g7m3l5GI29b9IP7UAK-2BhwBE=
fS14m6MMtPmhdNDpo7GBiLwTpgb6fBqSa35cqugGh-2FHQr5BcsTEbEWaIS2cxSE-2FJ7F9Reg1=
4IaiqxraF4b5ORBuC0-2BRVeG6fop-2FlwG-2FyUfPpeUpVfWoUNGbeBNFU8AWwJUOoW2YTafy4=
l-2Fb-2FjiBUKUjgCGihe0Kl7zwFAEyI7wCG0FDkA8wPpQ" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Diversis Capital Management</a></b> closed its =
latest fund on $1.2 billion. The vehicle will focus on software specialists=
.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2FcrKhGzEzrXHkqBj5GNe=
4zkjEOr812x-2BJJmMJwudPhQ-3D-3D1jBb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZ=
On42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-=
2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY=
2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BY2HCcXY7JPgEBB3qewY1nLrG84wWN=
YZRYAsuYJpQRuefUU02oHBWoNz8e2YSAcW6q37i6Ouw-2BK6MKQwmEGpPBgZhqRxFs57bmR-2FX=
Lhva8nIGxHKymkQrr3QGzsuhKZTQEq8y4qcb23-2FqhpS58NSF-2BAHrlsElrst-2F2zGx2eQx-=
2FfTSg45IC2AUHeQRzi5adpGA7stO1kup0mA6LqGc9jnTno5o7-2Bf5BOP6Xrm-2Bq64ehCvcK0=
D0bUP99lZlsiq6xeI0aQO-2BC9uTWwBditaZDSGY0E" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">NFX</a></b>, a VC firm based in Israel and San Fra=
ncisco, raised $325 million for its fourth fund.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2FcrKhGzEzrXHkqBj5GNe4tiIpkwKfcz1ckX7=
lnRYJhQ-3D-3DIQoH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGM=
AF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q=
9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU6=
5O5AQ91qrxRxdAD8HHyhUTUnP-2BYCQKJ-2FPY9duMg8klHgw35ILRVZk8T-2BRUPDCkTyyWZcX=
5yTbAZO4nNZAnzPoUe5Wilgih4I1lpEI4vb3y51udZHarc6Iy-2FsimEhKuNVUlQJLBfosm1iwh=
u-2FiRKCNQkfmvS4rvumWTC7QPI5GOOGwRXPOz-2Bnz-2FIYlLPcbkWfXI4XM7Ig-2BpqPbbzww=
cE4aOl45INJ-2BkMqM2FW07DmV6eIhnOy4qyLcJM8jGccF7OEGovhulOXTcd4VP1nfiLzSDZ-2F=
cPr0-2FGjsTgX7kVHL3dZI8LOM" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Legal & General</a></b> announced a =C2=A32 billion impact in=
vestment to drive growth across the UK, targeted at housing, infrastructure=
and urban regeneration.<br><br><b><a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX=
tWITthuE1WPGTUnmc9JdEcJAHCirpcJNPx-2FySuhRq-2BA-3D-3DLYkB_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZK=
Gi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRL=
C2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2=
zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BaNjaF0o=
kW2YFk-2Bx4YxNyUIuUxFiwLV6fUtaVO5ZnfCf8s3zcv87jPPyCFDvN3PPkeKY-2BenL37aQ9-2=
FJ-2FYnAek3Ts6UX5vKNvzsp6dkKMruGYXBQFxS-2BPI-2B05a9yxk0xyEIOMo2N5ggIYIyNOUF=
eyKHGUAt5zgHZQWgzTefgOknmMtWD9K3wo1HyzeA23o4MOf6BW0fqOW-2BzzySmvEbE8j2bRU1n=
osICI1lkSCBaBK-2F-2B3wD-2FopL0KmpNpkKKLYeUwuCApQzCuN5-2FWIddXcJLgr8i" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">KKR</a></b> introduced an=
employee ownership initiative in Japan.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Corporate M&A</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Paris-=
based luxury goods company <b><a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Fcr=
KhGzEzrXHkqBj5GNe4nikanRT2IdIWJeY9jjD50g-3D-3DfpxU_Pr966knuaHmaw6c7pKvB-2BC=
EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDn=
d37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzH=
WTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7=
SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BY3gYhc7CrkB8GP=
FHiWT58N8vpI2rgdtvyFoA-2FMb9dqw-2BRBiRTLCAyQpvx759aeN8yDHH-2FQMQbnnazCA2bwS=
T2NJTj0vILaGZJqbntHQWiyfpcPlbeCkn7kIljY1pzx0a9zn7ixBXklBbCHqciHupd8rqBamGFT=
9l53zNStVE590mXU8aCU5bxfB7Ycl58unDWClIlX5b1a-2FHxtjLr8DXc0NQVlrfFWhoiopGPxa=
JvrOz2gXWpcOs3I9ahkVi3oEKZ1nHJVlyiKuksSvJvgginJ" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Kering</a></b> sold its beauty brands division=
to <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2FcrKhGzEzrXHkqBj5GNe4a7AwBFp9=
NiJHacKzNSLhDg-3D-3DJFz1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3V=
CZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQ=
SSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB=
2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZ8xbWXAmO33De2BtVtAVgutQ81iZc6WDephlzqbg=
svGbElLKmthn1B2WZgyW1Tqbonive8yawgWkpzTltHG4u3TZPuCKAwcrzl2erwuCyHFwIV-2BL0=
kYBe5JRMV3Wgs-2Fq7zU1H4hjaqH3HzS9lKlmDAfVAf0rrMoOdcVUs-2FQfdnp9KddTBja0S3xf=
iu6gWVXClQWWvAqlrsn8J4AH2w6BZ9wLSoVf1CIF-2BxOjgn8IvsQH16DqKDRtbbD8jfpirUEkZ=
1N9SX0kphL10dWi6VENwc" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">L'Oreal</a> for =E2=82=AC4 billion.</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-2BaqM7ONnvsnswouzW-2FcrKhGzEzrXHkqBj5GNe4zWooFxE=
IhDG8sBW-2FylNqfA-3D-3DpXyO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4=
N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV=
5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXr=
RcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZXzSZvX4Zs7aebw9gp29cp0367d-2Fq4-2Bqa=
Zgg5N3pwmE5qVjyYd9xVJJypuhKwafbCnjauNxb4eGWA9ZxB8wYvXEOGhO0LRmSWLPDXfuGHgT1=
qWDttzauFuD2BZqZZKNYfbUOVh475gfHysyso8R9jwv2JoTZjeVMEsaPlyavNYYHtB69FayzGca=
GQ5mX3TWO-2FgtCwvNPrZ2FZbgacaAH5WAAMK1EdEyEBoeMzJ9cgCVbPR-2FRpDRHr8BLTNAMfJ=
XTSF1AEYUY9Jp6vDZtEdB9lu" universal=3D"true"> <img align=3D"center" alt=3D"=
" src=3D"https://img.pitchbook.com/news/70965.png" style=3D"border: none; m=
ax-width: 420px;"> </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>
</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;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2FcrKhGzEzrXHkqBj5GNe4uu7PoLDsJMtF7wCMFJ6t1Q=
-3D-3D39Eb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrX=
lhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98=
mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91=
qrxRxdAD8HHyhUTUnP-2BaHDOflFtLQfL-2B-2FkxQh-2BBpGvpREDAICxsKYMrEwZYe-2B2ztJ=
zrTV-2BIBKRvHJEaIRqtXA2gvbyLlYqjIqekXqupmcJA82ZwHCld-2BHCgne0tyd2lnNWkFbHm-=
2FzlMh31laKv2MjU21MuFIgOFKQOw4SRgmqAnViVObLh6WQXs8-2BkzalQE7hteL0SDRtddONLm=
xtyAyr4rjChMH3V-2B5DSN9-2BoVZYDhVvra2o6dBK3RTQWVOdbD2zz0K5Ma7lLGGj639pXVUSZ=
z0oxwjxWmkwlY1oN6bT"><img width=3D"160" src=3D"https://img.pitchbook.com/ad=
s/ad4292/ChurchillVBA.png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; =
border: 0px; display: block;"></a></td>
</tr>
<tr>
<td style=3D"padding: 0; height: 20px; line-height=
: 20px;"> </td>
</tr>
</tbody>
</table></td>
</tr>
<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>
<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;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2FcrKhGzEzrXHkqBj5GNe4HNxu5Kyuc5YNO3bR5RS8qQ=
-3D-3DaBrx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrX=
lhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98=
mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91=
qrxRxdAD8HHyhUTUnP-2Bb7x646t50a1kMQ-2FE9N7fj4hptTgmUnlRAX5EnXnZgCBP2oiOv4gt=
sdGO75kx6s1WfWbVFXGAM7rTvjjmJIn8UAt6GCw8dGkUEd1EEXNo7xo4ird1HhrxC8UNA4GfEQs=
LCO36VIWyFCkhiOsZUPzkGI02RB-2FpBoPd8nEcIsRm-2BZyjgMzpAiGmfZTFXsFCnzkutD4L4M=
Aau9W3CTeLeWWxFffyFvJKHHdDCQAZhr0WlxV4wanzhPOKL0qzD8nUJsdaOsbdZ-2FFpSo4Td-2=
B249FPlvq"><img width=3D"160" src=3D"https://img.pitchbook.com/ads/ad4339/Q=
425ESGwebinarSideBannerVertical.png" alt=3D"Ads" style=3D"padding: 0px; mar=
gin: 0px; border: 0px; display: block;"></a></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-2BaqM7ONnvsnswouzW-2FcrKhGzEzrXHkqBj5GNe4q-2Fuv0ji=
fDlfCO94QSSprKw-3D-3DyXe7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3=
VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5q=
QSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRc=
B2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BaXWz77IAhPp-2BFdCPt0twyIMUQ5XhAdGbA5M-2=
BgD6J8mGmv4GmZ5jEpMgOYHykISD9eF6K1VbiXCJAqzqEK-2FaltH-2B5wZKf6ZoUuPHue32jEZ=
N1SlGJc5mGJl-2BYa-2FAMo9332534B4NLYulHiIqFUkgrz5kvVbLzsgzuufSTO7SaGl5apCmcC=
G7D0D7tzNu20FVcnCiTMZvKwCoMctEVtAPxvG7odixSKwwqEZDGlNmrfGIQPp0PEdFO2cDykJP9=
hs9YnJ94vV6aWLEk3dqx5UyBc1" target=3D"_blank" style=3D"text-decoration: und=
erline; color: #1D5080">About PitchBook</a> | <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzW-2FcrKhGzEzrXHkqBj5GNe4Ac5l8Cq4VTE3xp58i6LTkA-3D-3DRSzJ_Pr966knu=
aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSs=
SydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJll=
Q39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGD=
ikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-=
2Bb-2FqSG4N-2BlafVflWwfLhCijGRDAOpwsNhAeZIIZTEzMihaypyrER-2BoPzPVL4ngiVDCF5=
n-2B1QMakYrpox9-2BpCJufUnupwaESBj-2FBt9cbcIWHNXhGGcpcz6ehgsOLde4HKOHC-2BE-2=
FaeMjVGxJsdBhl7JitDt71dVMFRv4npvZfEnJ5fgt-2Bvn7nT-2FeU7LnsfMjaT6BHWyuWOMFuE=
WqTvXHqsiDB2gXytak-2Fwm0REZ89K1iVYMSmTkXLc5gXGkDTfwtMgKAiY4kDq2tj5BOhmPwnDc=
cz" target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080" =
universal=3D"true">Terms of use</a> | <a href=3D"https://url6380.news.pitch=
book.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVs=
WGhXZp6hQEhOjS5urufG-2FxXUYp1tV-2Bh7gLdObJ6Q6w-3D-3Dssjr_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKG=
i4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC=
2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2z=
Nud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BYdIgcgVR=
xnfLU2hspQPSc25XAxn-2BjTESIU4OD3ZyT-2Fzr7mBIFyclUtjHN-2F1jLsE26KkQjouP3TCXw=
25PvUd1Y34NTEjFMWAM-2BmZfB1oQVH5jFa26w2yL-2FEzNMuJQISnc9-2B3aftZ-2FSelzZ-2F=
PkHKgkpSyd9upRS9v5UT-2B4p6DjZnICeliQZdFmc2EJ9yRp5pQqw6kguzdEt-2Bzth1205pgSH=
nqGZ8dgNbGk-2FxEbwiuRqHQBR8U7tRIQU5Oeg1UiTLqBxJkmMAd5v-2FoCgVemBmKUWK" targ=
et=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Advertis=
e with us</a> | <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsWGhXZp6hQEhOjS5uru=
fG6QxW0-2Bv8YRfUsCvwyUXrvg-3D-3DPwop_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0Y=
QP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFn=
ZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x=
-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFY=
Y2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2Bau7vAGnRkrhAizqvVst0lfTL7toO=
O1TO9T9MTMQXKD076nq8X4MdrU1wSNkIaPzNcdcHaQO2EwcmZYyVsm6GeCAA-2BUwsuRNjU64jg=
85DNUGv9LwoZltZkROVSURvJzIY-2Bq18JEmYp2tExC2Q0-2BuHG1ufCufxeHk5b-2FWJybo0D6=
sfRs4TEZdcoH2U5rw-2FFo1Y2J0UkMByw3xM8H5mqnwBOU31YU8x43pKQASPu1XR89PZ0zfmj80=
vqJYWh9vuuXK5wKotftw0FE1EbvpkGsC-2FL1" target=3D"_blank" style=3D"text-deco=
ration: underline; color: #1D5080" universal=3D"true">Contact</a>
<table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"=
border=3D"0" align=3D"center">
<tbody>
<tr>
<td style=3D"padding: 15px 0 0;" align=3D"center">
<table cellspacing=3D"0" cellpadding=3D"0" border=3D"=
0">
<tbody>
<tr>
<td style=3D"padding-right: 10px; font-size: 10px;=
">Follow us:</td>
<td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzVsWGhXZp6hQEhOjS5urufGrpuIfIUtZfm2jGoJ-2Bl-2BNdA-3D-3Dtf=
BV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2F=
TEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphj=
SQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyr=
AwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD=
8HHyhUTUnP-2BYinbPxjbgBkUyea2fwwL-2FlRMnSg-2BPR4SonoAqEEK8cx602gz2L8UbkLkta=
Tl5HSNV5wYa1bJTGvAx6nEtHYOsJOXa8nvtiFyCN1VPIvBl-2F0l5kM5GC0bjfJGYCsINB4P91A=
vmbDCqzCQ9DMGRu7rQbdzQfDKLt0cm4zm2Gq4q1o-2Bfe-2FvPTaJ7crB2IelMHVjB3-2FzxelP=
ogbvGgluuGNc-2FBFSM60XCFr7IBAwJXnlqrb1YhGMYvMaCE24PPrTyCMFSoEjBiPrUIja-2Fha=
XsyTMV-2B" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D"h=
ttps://fonts.pitchbook.com/newsletter/linkedin.png" width=3D"25" height=3D"=
25" alt=3D"in" style=3D"border: none; padding: 0 0 1px; vertical-align: mid=
dle;"> </a></td>
<td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzVsWGhXZp6hQEhOjS5urufGCIj-2FO-2FgjuXFgnh412-2F8eSw-3D-3D=
SmIf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-=
2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDp=
hjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRU=
yrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxd=
AD8HHyhUTUnP-2BYi1OkpQ2GRE7-2FT14i8Hb0LT8nilzzOvRTj9uUbspfqC1PB-2BHKX0d8s-2=
Bnrj0Oey6AALlZ7TKIrrlMmumpNEe22XtEqar4KTK-2Bgxb5euZDE2x9ryWqQewS9ChRIy-2B19=
g-2Bc3OLteAlCn-2Fw2zqZrBrslHXlmYlHtV8yvlpbLFgnecR79jQIY3l4D0oNl02W-2FusnrDi=
m80raZuMzafOyAgDQ1mA4JCDjw-2FSiu7rb-2BnO9mfG3IpnQox6-2F64QRZkmi-2FW1TP1muGf=
YWPLIIevxr2JTpdTw" target=3D"_blank" style=3D"text-decoration: none"> <img =
src=3D"https://fonts.pitchbook.com/newsletter/twitter.png" width=3D"25" hei=
ght=3D"25" alt=3D"twtr" style=3D"border: none; padding: 0 0 1px; vertical-a=
lign: middle;"> </a></td>
<td><a href=3D"https://url6380.news.pitchbook.com/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsWGhXZp6hQ=
EhOjS5urufGTQcSpMBlZtztVZxD2wl58A-3D-3D2E1L_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U=
wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2=
CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA=
-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8g=
N0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZZY0YjdGHqt3dRReLlyAD=
CLYCQZjm1fmbnowfsYPXjwSemwAphDjGNIFqa8ubQVcsNAilcMvmlEgFeIp-2FHojSgAj3l8SJU=
852WEtkT-2B-2Bl1eqIiZycTJP0Tit-2Bmg7-2Bl7YisvhXS5EIk-2BP9JZs-2Fw8AxTVgdDU0N=
hVIypUWHIKFdAyN8GIB3qZHygXKOC0rleEh-2B4E-2FxIki0pXIBOpzQDgmIxPccZJx1FJogtSU=
Hi5AwZB6-2F3CF0QERYq95gLf4-2FQcXFe2wq3vNdRNohPrH0VO9It" target=3D"_blank" s=
tyle=3D"text-decoration: none"> <img src=3D"https://fonts.pitchbook.com/new=
sletter/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-2FtnBQ7rUuqNohbArjpNQasEdfyU-=
3DdNX2_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR=
g-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFf=
DphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfr=
RUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxR=
xdAD8HHyhUTUnP-2Ban7epSl6DHmZFIQgZyVVyWqAK4bg1SyQTVG-2BzSSrwTkx0wGb4owuQ084=
pgUkDcxAk34u6lba2YVqqk96wGGxRzV03lRXLKvUltKs1-2FW92YNsXsiNmtlR56Xur668FTb7z=
LQyg7Q8CPZIVEeCp3Orp-2B1HyuudcxzVGNOWOCwI65ornFHqSEjr1LQHHCwKKx4Q4XSVzBtvaz=
M3-2Bq-2BMFS6ykxVV345Lw-2FyoCD07sagnUmIRdDIpRSmQy7B7aW9aSqe6qeVTCAzgw3yQmPG=
6Ey1bFS" target=3D"_blank" style=3D"font-family: Roboto, Arial, sans-serif;=
font-size: 10px; text-decoration: underline; color: #1D5080; -webkit-text-=
size-adjust: none;">here</a> to manage your subscriptions, or if you no lon=
ger wish to receive these emails, you can <a href=3D"https://url6380.news.p=
itchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrVRvnzbxJbWwDftsHe-2Fn=
J3PNCbp5fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsIf-2BQHY-2F6l9Vc44O6YYP5nyZstiuA0=
hPHiOTJvTphTwYVVcDj-2FgzVFL55dZKzjozFN3yY7gCEJIYIrzSMor6WWroWX0bXV0YUZSSv0r=
x-2BGIUB1ul-2F6M0BNH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRg-2FTEi9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbk=
XGMAF2TOrXlhFfDphjSQ7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxr=
a4q9DNSm98mUfrRUyrAwWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6=
wU65O5AQ91qrxRxdAD8HHyhUTUnP-2BZe2g803o7mr-2F8DsHBIzAMMjFfK22v1-2Bx1s3osWQA=
siom8BANj3LO7S23aa-2Fe1FhE2kdOik2d6g4K-2FJnizBL-2FjTfmQL8GqE5ANCAIHbzU0Y6Wt=
ZeNa6uyF6lQBHhwVhg4YHC1cH1dJ-2FykIUaT32mEfHtFv10hpGfnSeh4pakydaAp2-2Bm6clMt=
m8miERoQnypLyn9no5esFCMpPsbc0d-2FhLvjYBhamSxRSajn3LGQx-2Bqm5BNpyhpPDcCOpCCM=
sb9mQuLvmMu1Fwfv-2F7bmfLkSnlJ" target=3D"_blank" style=3D"font-family: Robo=
to, Arial, sans-serif; font-size: 10px; text-decoration: underline; color: =
#1D5080; -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 2025 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=3D3DQHJDYPMNMZKUS&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-2FdXQL6-2Bsw8UD0pDJw=
n_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRg-2FT=
Ei9xVrAYSsSydHmKfZKGi4jNDnd37btl2CtcTLFnZOn42FwM4N3VCZbkXGMAF2TOrXlhFfDphjS=
Q7xDhBaJllQ39XUvlRLC2tiYzHWTkDViA-2FDk7x-2F6anrTV5qQSSxra4q9DNSm98mUfrRUyrA=
wWgjYvnoGDikuzMB4A2zNud2M7SEYkl8gN0RQpFYY2e3AAzXrRcB2GK6wU65O5AQ91qrxRxdAD8=
HHyhUTUnP-2BaxkgQ4BVBk0Ag7BgLCiS-2Fl44eiD4suWSXZzJIBrHZsOnPZqZAbZilAub1W2i0=
aonYNUb7aHcXf2O5In58stC5HWMjHgc9VkqQrxSi-2FexawHcVlcVk1SG3sBrgcdV8PjWuUKgsz=
5j8J9fvk0u1mwdsLTOuWsQRWmuvK7nMdSA-2BcZ7mNy5EN1aM-2FV2QIsVZJ7MdMAQwJZNR8A1C=
ETvXEp65Q38rl60kGHebY4-2Fb2QCbF2Nbt9nkm6g6A-2BaH0e2dvN8JTva1JpvaW-2F-2Bf2LC=
kRX45G" style=3D"display: none"></a>=20
</body>
</html>