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cquisitions of VC secondary firms</b></a>.</td>
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<td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574978" id=3D"n_574978" 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%;=
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<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;"> Just 4 deals made up nearly ha=
lf of AI VC funding in Q3 </span></td>
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</tbody>
</table></td>
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<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%;
">
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<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 =
Jacob Robbins, Technology Reporter</i><br><br>
Just four of the 1,086 VC deals recorded for=
AI startups in Q3=E2=80=94funding rounds for xAI, Anthropic, Nscale and Mi=
stral=E2=80=94accounted for nearly half of the quarter=E2=80=99s total deal=
value, according to our latest <a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcB=
TiPF3Cs8U6zhaMYAia5HSXJQs2qe-2Fy3k-2FjHmof7A-3D-3DfmaS_Pr966knuaHmaw6c7pKvB=
-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPk=
MD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5K=
hA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS0=
75Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYl=
IiHJeIZLu4gMQDjCC1SMoMjvg6-2BFzg5sci8gxcmW9vvP5KByrivdJWNJWFY-2FNALuOFIq7tV=
fbMbt-2BWchjn64leoAh0QHlKBaTd4cAzBEwIH4idLZSQbnG-2FIrdo3EBTke3Gs7cpn886ZuVS=
x0QmXhIikRc2GCpbshcC-2BMseVxgtaSh-2FftEDZca79edvmbTLNINQCNLxud5g82VpTZRg1lK=
a51ge-2FqQHmho3bJtHsdyMhtpjBCcCGzBZVV00naR5qZj8zZm4ImCHkt9v-2FMNeFJuU" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Emerging Tech Researc=
h</b></a>.<br><br>
As fears over a potential AI bubble fester, =
VCs are backing fewer companies=E2=80=94but investing heavily into that sel=
ect group.</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: =
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2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd=
0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlIsOu1uFFrqzYORWdQPDlC-2Bjx0EU=
2Ml3ydYvu6WU6iggpmDw5L-2F50Crq7AUKUDtGTc575PP3G6wc8idOGT0aKhI18WMahhnXKFOK5=
hgDn2tyVqh8w9VFHvR31pPoj0jon9YiLElmKE4PawKonghBm8TEVPIAsH-2FiFQMOtoW0DA7o4o=
SGp4JoHAfRwoOu4EQAx2KX-2FIEWVP0Wh57epyt7UMV-2Fae9RMLIaJdpUKPuUCoX7W9P-2B-2F=
UwqirEfEm5leNiExDJzCm0-2BV7moEcgxuryUTsU" universal=3D"true"> <img align=3D=
"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71545.png" style=3D=
"border: none; max-width: 420px;"> </a></td>
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<td style=3D"height: 20px; line-height: 20px"=
> </td>
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</table></td>
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</table></td>
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<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
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<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">Invest=
ors are continuing to pour capital into startups developing large language =
models because nearly every AI application will be built on top of them, ac=
cording to Dimitri Zabelin, a senior AI analyst and author of the report.<b=
r><br>
This segment, unlike companies developing ap=
plications that use AI, or vertical applications, has attracted the most ca=
pital by far.<br><br>
"You could say, we don't know who the winner=
s are going to be yet at the vertical application layer," he said. "You're =
fairly certain, though, it's going to be built on these foundational models=
."<br><br>
Anthropic, xAI and Mistral all develop LLMs.=
In July, Elon Musk's xAI raised $10 billion in debt and equity from Morgan=
Stanley. September saw Anthropic raise $13 billion from Lightspeed, Iconiq=
Capital and others, while Mistral raised =E2=82=AC1.7 billion ($1.96 billi=
on) from investors including Index Ventures and Andreessen Horowitz.<br><br=
>
But then there's Nscale, which raised $1.1 b=
illion in September from investors like Point72 and G Squared. The company =
is a GPU cloud startup similar to CoreWeave, which rents out remote access =
to Nvidia GPUs, allowing customers to train and fine-tune AI models.<br><br=
>
The "picks and shovels" play is gaining more=
traction as AI continues to devour computing resources and prompt the buil=
dout of data centers.<br><br>
According to the Q3 research, more investors=
are focusing on backing AI-specific semiconductor startups, with funding e=
xceeding the recent historical average of $1.9 billion. In Q3, overall deal=
value in the segment reached $3.8 billion.<br><br>
The surge is driven by an understanding that=
there are more opportunities in the AI space beyond just LLMs, Zabelin sai=
d.<br><br>
"Thinking like a VC, I wouldn't put all my m=
oney into just one of those [LLM] companies," he said. "I'd want to diversi=
fy."</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%;">
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</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zha=
MYAiaX63mNcwxukJSvp7wQaqLiw-3D-3DRbtS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvf=
foH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU=
2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkx=
aBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlIv80QZ5QdcglHK2-2=
FeeDF51Y07ohhXQtqphqlM7EoYm1bvQa3RiucfuHmn3Gy1CYrzRRsu31yuC1JWl5cYdgITi0rK8=
Z2s-2Fj6fYmZzbK5Pjxlza9vK71rMT7MLp5kU4tmlnKlH6TEznbE-2BYiWAxwGJYgctqax7AUCb=
h-2FGfw6kVnahKdIIz3ls7F5Q-2BQOLaBDFf2bfyjDFGuLzMadvpAbvohcCgnK5X5tu54Dhansm=
YNmL1QurOCCBGfKUficagloAvBrktgErcD7oBAmCWGDXXU" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">5 charts to help decipher the 'AI bubble' debat=
e</a></b></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-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 Oracle NetSuite</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_574706" id=3D"n_574706" 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;"> CFO of tomorrow: Your AI guide=
</span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"right">
<table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"float: none;
padding-left: 15px; ">
<tbody>
<tr>
<td align=3D"right" style=3D"text-align: righ=
t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAianSX-2FTZTIB89cO=
-2BzZ-2BLvXmQ-3D-3Djx3o_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2F=
VByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2B=
OJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0A=
rA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlKfzfMNEQInJeXHph-2Fu1gk1p-2FL1a=
REPC-2FCk23DGZb0JQxz-2FlmzDzNx03n4Wofg2-2Bh2j50l-2FTydPzfafeM61diJsBKdSN25x=
dIH3hrJr8jL1QvjdGE9-2F15dVp-2Bg-2BNZXFZ5RRpzkCOkufTo0UYr8byDBnsFOIKyFRDQ0lt=
QNxB9rmHA-2FHD3mBnuxXGRA1APUJpF63QSNyACIq5sVNy9Ti-2BmF3dxPQFCUxRghF85wk3ZwC=
LDRkhe-2FpoJJY22ylIv-2B6Nm9HW5ZTtadc10zfouwXP9Hd"> <img align=3D"center" al=
t=3D"" src=3D"https://img.pitchbook.com/news/71237.png" style=3D"border: no=
ne; max-width: 420px;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>You don't need to become a tech guru =
overnight, but in order to position yourself as the CFO of tomorrow, you ne=
ed to understand AI=E2=80=99s potential in a finance practice.<br><br>
AI expert Glenn Hopper breaks down the roadm=
ap in his best-selling book: Deep Finance. Download it for FREE today to le=
arn how to harness the power of AI for business benefit. <a href=3D"https:/=
/url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAianSX-2FTZTIB89cO-2BzZ-2BLvXmQ-3D-3DYE=
z8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By=
8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2an=
YrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwT=
rNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSi=
TrmUi8W5IsU1d7xlwtAUfYlIA-2B4WbGezY0mB8HSeaME-2BO3eajPxa3S6GdWFHiFTSJEhOTZf=
-2FO5QJ-2BXA-2FXPgc67lmIAdyKQIZqQdZQUby2cfd6CYbo4qGQjCIeRinXrpbOLA7WzvE09VA=
NswT2Qqs0S1go08uCG4-2F4wZTALtuzUtbRiGOI4WYVg0HG5bvRNYGdUqh3KkTZ4yjSXBNj4RaU=
pIrElVkpqZISJn85zQnSQmrJnL6TTqLKyOtVwx9nMZ-2F4J1Pr7wHJfPi0OkTHEAJWmpCJNkO2R=
Upi54KiVRfyCzNy" style=3D"color: #1D5080;" test=3D"">Get my copy</a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>Revolut has reached a $75 billion valuation following its fifth shar=
e sale.</b> The deal comes as the UK-based digital bank aggressively pursue=
s international growth, recently pledging $13 billion to support expansion.=
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiaPmzDRTXIQ0gCX=
6cFH5bslQ-3D-3DOClx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByA=
YnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63=
boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5X=
I7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlKzpm9fbBbg9mXcW4pB3fnnafxdG0DP9l-2F=
raOMe5pS5F1yqem1h5rqzUJP0J00MtdqOFguo3jqrFufGV2oSUoqMN6sTtfOkrwiyTHwljw22DZ=
jWYR2UHI0mBvZ-2F28JyYF-2FH-2Fv3vfnxguhEVt4KP-2BV6Fu96o9GTP6kZum0B1NmwBSqqex=
kepwaBxaM739AXZtXla-2F-2FHsCZPxCrdy11yw45-2FfbZ9P-2FqS1x0-2FwCHW0MtpRYso-2B=
0bx9UR4bete9-2BvR2w4ewc-2FjpWPs-2F9m9qy4u3YkIM" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true"><b>Read more</b></a><br><br>
=E2=80=A2 <b>Our recent Global Fund Performa=
nce Report</b> covers the selective momentum in Q1 across private markets. =
Preliminary Q2 results show real estate landed its strongest quarter since =
early 2022. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiaL=
M1A6D258zNaAcApfrqUXQ-3D-3D675V_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XM=
j72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2k=
XQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01=
SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJHU5YcF8JpKwZOY36K5BaMu=
2cfgnxOT4Jgklql2u0NWyOLzLue5V5bn1-2BmnHU3TSjXzIwWqTvAWltiYiWAH4oE2o92UsnlEJ=
NHXyaPbgaE3w7CiwHz-2FqYcrvq6p7AIx9xr03yw6wOYpIsj-2FRT0MgodRwsxWzx-2FUe5-2Fo=
b1ByVRHJG60yPBep-2FjwwbWYQbRkGncQ3dyLH7W1c5C04sHQUgTEqri6qSZ1eBx7EOPHzGXEZ5=
R1CiCr6AfvYUIfVhngVS0wfARlfLSekx27FGbJyRET" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true"><b>Read the report</b></a><br><br>
=E2=80=A2 <b>Startups focusing on animals an=
d robots</b> are bucking an overall slowdown in VC funding for the agtech s=
ector, according to our recent Emerging Tech Research. <a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAia-2F0yZNcJdoeRWxGE37A-2F0Hw-3D-3D3D=
1b_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By=
8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2an=
YrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwT=
rNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSi=
TrmUi8W5IsU1d7xlwtAUfYlKw3BN-2FgUjWfL-2FY1ZJDD8pfvIoBxz7k1DQQYnuq39OeXCSrpU=
Lc0mmDige1zth-2Buoml4YTvRRAKKeBz-2Fr-2FsrqzKnfo7Wy6jQSmMs56ACPs8p-2BaWRcb0q=
85qHTci-2FZXKZ8OgR-2FXVnY6671NVBbgHDGkGmzfBeNDCjPkBJO7qalBLzizEZSLHoEY-2BTH=
-2B7-2Fu2tBnn6UbqFXPSIUkNWgXW9jEdGrU3pvkfe9RZOyxj-2B7frVZf4LMG0y9Hizwj-2BJ8=
wt5WbnAjBkSTAJdDCLA4csDaMIe" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true"><b>Read it now</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_574975" id=3D"n_574975" 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;"> Wall Street banks snap up vent=
ure secondaries firms in liquidity push </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-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiaBV5Xr8OA0=
xcb-2FIEBQlAkFw-3D-3D5bMt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-=
2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-=
2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd=
0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJDzg76njfrSK-2BBgM-2B5-2F-2Be=
BkLLuPFnzb4aeRzkmqxeC6T-2BQs6dspkhe12skYz0G-2B00Xe8i0Te2RPL2TlvC5e2Gg8lcEoV=
X-2Fix1PmNB-2Fg2I1wExlFtXD72PwHddb0l8PtcXo-2B49pnhgEYliL5KQyOuqwIG5CmXru9L2=
xjx3dWhMSZZ42613LlEx-2B70PszRKoQKpAF6ojvbpofbE7a1qZlonLqZVexTPan1boYbcHr5Hw=
DnRSxYlbMKnohmocYSFDohLy6jAKDhFOyAk5nu4qvy0V" universal=3D"true"> <img alig=
n=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71533.jpg" styl=
e=3D"border: none; max-width: 420px;"> </a></td>
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<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">(Spencer Platt/G=
etty Images)</td>
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<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Michael Bodley, Senior Venture Capital Reporter</i><br><br>
Venture secondary transactions have been hea=
ting up=E2=80=94so much so that Wall Street is on an acquisition spree to d=
ouble down on the assets.<br><br>
In the last several weeks, financial service=
s giants have struck deals to acquire at least three secondary shops.<br><b=
r>
Goldman Sachs agreed to acquire longtime VC =
secondaries firm Industry Ventures. Morgan Stanley made a deal to buy secon=
daries marketplace EquityZen, and Charles Schwab announced plans to scoop u=
p the publicly traded secondaries exchange Forge Global.<br><br>
The deal streak illustrates how Wall Street =
is playing catch-up with its startup liquidity offerings for both instituti=
onal and retail clients.<br><br>
Banks, well aware of the growing number of v=
enture deals and valuations, are pushing VC strategies through their privat=
e wealth channels. But they often lack the in-house expertise and deal pipe=
line to increase market share on their own.<br><br>
"These acquisitions do make sense, both for =
EquityZen and Forge," said Emily Zheng a PitchBook senior VC analyst. "They=
are playing in this niche market, where they're democratizing access for v=
enture capital."<br><br>
The trio of deals is also the latest sign of=
the consolidation in what has been a fragmented market, according to Aziz =
Gilani, a general partner at Mercury.<br><br>
"My expectation is that all [secondary broke=
rs] pair up with a big bank," Gilani said. "That just seems like the logica=
l way to go."<br><br>
Secondaries are often the only way for many =
investors to get their hands on the stock of highly sought-after VC-backed =
companies like OpenAI and SpaceX.<br><br>
LPs, meanwhile, are pressuring their GPs to =
err on the side of caution in pricing secondaries, as valuations have seesa=
wed since 2021 highs. And GPs have been mindful of portfolios heavily infla=
ted by a small number of prized holdings.<br><br>
"When we're evaluating diligence in fund por=
tfolios, we tend to discount pretty heavily a lot of stuff that's on the bo=
oks still at marks that we don't think are necessarily realistic," said Ama=
n Verjee, a general partner at secondaries firm Practical Venture Capital. =
"But it's mostly the value of that unicorn or a small number of companies t=
hat are driving most of the actual exit value."</td>
</tr>
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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0;"></td>
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<table border=3D"0" cellpadding=3D"0" cellspacing=
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<table border=3D"0" cellpadding=3D"0" cellspa=
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0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KCl=
L0ygNwjYwzySk7YWYVGXADnYzFCgsw-3D-3DSDRq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ=
YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2F=
BvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2Bb=
KoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyf=
jkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJTeMtyAcge1JJX=
x67vpJO10blSoBuUHiFgY0hZt6c-2FhwWbUJD2-2BRLtS25fuDgLTGd2aQ5BbtR0Bvt8l4XsYiI=
V47-2FxDaTw6XQp1kctey4bSZzb1rJOjJTegIkvDK8C8HCLcO04bffzWqPeud4eKSMx8hWyUauT=
3ZdKKzaJotnVVOmRj-2BAvP9UGfYfvnU3TUOBOP96zgjL35O1oHomKcO9Gg13ydZaBOe36VtIVn=
Y3eVkvd5bYbz57p2Tdh92ojgtRrqaca6tbQZUIO99jwePLA" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Q3 2025 US VC Secondary Market Watch</a></b></=
td>
</tr>
</tbody>
</table></td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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20px; padding: 0;" colspan=3D"2"> </td>
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<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%;">
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<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=
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<table border=3D"0" cellpadding=3D"0" cellspacing=
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<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%">
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0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
=E2=80=A2 <b>Fei-Fei Li has been publishing =
research on AI for 25 years</b>, but didn't expect it to be this massive. I=
n a Bloomberg interview, Li emphasizes using AI tools for the right reasons=
and the power people have to impact its development. [<a href=3D"https://u=
rl6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjYWINd-2FYE9X1e9A6OdeWLtbw-3D-3DxC9q_Pr9=
66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-=
2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0=
YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7=
YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8=
W5IsU1d7xlwtAUfYlL7EccLFNdhKscr5pH9WCdkeaVRXTNj-2FHK0mAG6iB8JIuolUQprAhpVr0=
i-2B1V8MoMLZJ-2FhBxvvUShi6gTsqv2j7lDVWFNsut2pCYZz5EPExoRHNFuN28yYSOQKai3Hva=
J2P7eSr6YiyIJg-2Bs8bqrV5YglOOfuO7yPPKMNzF-2B7bLhMfetW3kXqt-2BrPkuH9atvkILc2=
kPDmv6GMAmXd-2BM4I6kpFg-2BouXVdLxU0MPoaD1Ul3hzG8Lb43Eh5UL1RfBztgx2nlk-2Fgv5=
dN0upyIyjj0gb" style=3D"color: #1D5080;" test=3D"">Bloomberg</a>]<br><br>
=E2=80=A2 <b>A new biotech innovation is usi=
ng AI to diagnose rare diseases</b>, and it's better than Google's DeepMind=
. How scientists in Barcelona built popEVE to flag human genetic mutations =
that cause rare diseases. [<a href=3D"https://url6380.news.pitchbook.com/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KC=
lL0ygNwjYEHDhjeLi3xuRIkI63pTeJg-3D-3DlVLs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl=
JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2=
FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2B=
bKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfy=
fjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlIKcjwBg0ICfOL=
oMEL45Sm0K-2FYRmtKaZQWZCP0Bbwf97ZuIJI1otOssKYa48r-2FfuMXS0jL3WCI1C7244Yi9sb=
aIkOjyhr0YH3KB0KIIy8l2WciVht9oKeT2NU52FCPhYdiYP5sJW97bhOUIJyEVTQwR-2FCwowHV=
FYFWWNTkHIj-2B6YekSiuLLV-2BiAF38roXnCXcCNT641srwqJMxwHoGrYurVCGlQ1foUSOVCM1=
WrXES7FcUkTzYQldqJhhb8HopGTOA7KAXlzdfJ8w-2BnyUaM9fjD" style=3D"color: #1D50=
80;" test=3D"">Financial Times</a>]<br><br>
=E2=80=A2 <b>Musk wants X to be "purely AI,"=
</b> and is trying to replace all of the social media company's engineering=
staff with Grok. Two brothers from Ukraine are helping him do just that. [=
<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjYyM6y40UdiVjmDaZHNJ=
BKRQ-3D-3DiZr1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiH=
l6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2=
Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8=
u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJL54NGbJb1wRrEgoOSPYMZ1QzQ0UTLbuOfWRNeig=
H4LrrMn-2B2R7YvNpFMI2cJu93bt3yE-2FyTuSEvvGwE-2BVWjRPNrjD1iMguzVLq-2FeC0VPgu=
Cdab-2FxH3hlnj6Kmn0FidpCKtj-2ByaY4JpXSD8aUdvF9Si-2FbcveHThF1VXN1PXhKH93cEnz=
gVxMREURlR9gnJA0249Alw129meQh37blb99IophnvtDzXqwgtxJn6qdqJEhtAdl1m0EmUKeXiX=
eTYqhXCOmNzbqiFa1-2FtP7tdPCm4" style=3D"color: #1D5080;" test=3D"">The Info=
rmation</a>]</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
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<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
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</table></td>
</tr>
</tbody>
</table></td>
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20px; padding: 0;" colspan=3D"2"> </td>
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pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
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664
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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;">
2181
</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;">
931
</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;">
33
</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/free-tria=
l"
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t:43px;v-text-anchor:middle;width:148px;"
arcsize=3D"50%=
"
strokecolor=3D=
"#F79B3E"
fillcolor=3D"#=
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#000000;
font-fami=
ly:Roboto, Arial, sans-serif;
font-size=
:12px;">
Request a free tria=
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<![endif]--> <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjYtLtlznFZS-2BwsvOD6AgcDfA-3D-3DH=
w7Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2B=
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nYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDw=
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TGm-2F37whihn2HnDCR-2FQI7hTTqFBEkWYbyZAgNyG-2FyDkhC-2Frqy-2BJ6Q7g-2FREbwxC6=
EYlZx2SOlJoWUoUnzDcC1d3ug1WJYkDVCkxCNX0fqUj9HYiviUjZji361m0U9S3ra1G6LG7bLF2=
ODP-2FMm9ZCkwsx1MVYUGxk8Nm" target=3D"_blank" style=3D"display: block;
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to, Arial, sans-serif;
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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_574973" id=3D"n_574973" 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: 2020 Vint=
age Global Secondaries Funds </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
<tbody>
<tr>
<td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
</tr>
<tr>
<td style=3D"padding: 0 0 20px 0;">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 76.3143018654607%; min=
-width: 76.3143018654607%; max-width: 76.3143018654607%; background-color: =
#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">13.50%</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">17.69%</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;">
0.18x
</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=
swouzXnhfSrKura0KClL0ygNwjYVst8ZIQd7CXuJZo3Z9cqdA-3D-3DI9l9_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp=
0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg=
3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZ=
eizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwt=
AUfYlIm7pbSjsZMJOMtivAjg-2BeZKgfp2wEUJmc0U7RyK-2B13g3h8FhI9qzgWpf1HioKtaSF0=
DmKcU1-2BAueRWHLolbPysjqQRmD9pv-2BTIXHiYB0Yo5Q3RoJZCVVOG11KmRu0f0NUidVVHM-2=
FeOWzCzFJ6XO9laJpThmHpJ9lWuQL0bPLXQ9-2BAfXA0tj64vAf65fYo64VaHfYa1tNziH5X0QW=
ztd05R5sXN7TcK9UqPXrWXD75d-2B3Bhix3j5BJ68mbTldBVF3whTykj6KK-2F6biFKTzMnXLz"=
style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D=
"true">PA Secondary Fund VI </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=
swouzXnhfSrKura0KClL0ygNwjYMPd7eY37XQLd4du4Vtn1fw-3D-3DPIoC_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp=
0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg=
3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZ=
eizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwt=
AUfYlIBK5q7wKqSszSp4tqG9ObHQzQvJxkn5HI22gK-2BPNL2sSsLLgj6KZrD8ieU7Ybc6VvfU2=
pkCLnt9RZ3mKmpCDketPK5o-2F04OZqs9TE7RKF9KOkbamFP9vtaEandJTU1fi2YK1q0rChnyjk=
CodNZfYW3PWnV4JKZ-2BzPE2lqSJYThLcuLwxhnZL5-2Fz3V-2Fd3-2FwZNSKu6tBVKf4GoDn6D=
G9-2BRRTV57AMSVVdZ7wxGN-2BUENBu-2BkTsdgXqFcIqW5b483dKS8hOdKYMhm30bYJWvsQ4aw=
R" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=
=3D"true">Pantheon Private Debt PCO II </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=
swouzXnhfSrKura0KClL0ygNwjYanPcpxC2R2ISQ6VA1Y0KCg-3D-3DScNq_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp=
0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg=
3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZ=
eizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwt=
AUfYlJXJb46f0FHqAhb5BXr4CucD4mrBTIJcPOT2i3pJHuAVGvn7a8jMyXgiUMzMuRgI21fM0UI=
gXy2K662fhtTNu4h4I1cgf3WKCOJm0RFkpONVNJv9xfpGZwDQCxhhlQ9HfvqqVXBHzelD4gdu2r=
qA64fEXMx8yW7Q7xIeHRQjt4zT4uC1WRgn-2F-2Fy1c-2BcXDcJvy4x1jC9iE3nlqxIgTcFgUSg=
nMMg9uXX7ybOXvgV9Q474SpXm29MPJ-2BLKxe465P7f-2F6uhQVX2N2g25ZDDDEYlySQ" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>W-Prime IV </a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"font-size: 14px; color: #78766F; =
padding: 25px 0 5px 5px;
font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td>
</tr>
<tr>
<td style=3D"color: #1D5080; padding: 25px 0 2=
0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjYDf5p5j=
BYmBxBIIt-2FovcCVg-3D-3D3fs-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72=
Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQh=
AW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFK=
Udd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlItW-2FM7qYxPgrmdDIjbDR7aeo=
tEVMScEocAuri-2FGEODiWioaM-2BZP5pj16Dlbm6ooZqKxm-2F0azfGKViHjaykbGAMdbWDHkh=
zguWYvLb3IGqjvYLwzcy99yPmolg-2Fb0vdasoaRL0t-2BBSa-2FmUHJ793yapFneHpPpUYssjw=
PFWxvGFHrCvq4h0Mizttp41K4kgSzw99eKSRd9D7we3-2B4BCe9bxDDSTsHLtVo-2F2e0wyVN1p=
sIse0NC9LVG2YDgZQyKP5KUtAswYzoRdmtqZEizD7wQOP" style=3D"font-family: Roboto=
, Arial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; lin=
e-height: 24px;" universal=3D"true">28 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-2BaqM7ONnvsnswouzUriivIb=
2Cv34m3E-2Bx9AflsBV4Rpu-2Fz-2B2llua9CU-2FtDKg-3D-3DDbak_Pr966knuaHmaw6c7pKv=
B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRP=
kMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5=
KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS=
075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfY=
lLtwTq0-2F8Md-2BQOgSIdM4cLnlyIGwMoenyzPGevJ7Xn2TFkI1V6RDZdTMpKza40zvjNatMOj=
JhtfYdk0vyM9ft8sQ2od-2BkOv5otZ-2FA9bz66eI259PsAQOg6SFoIC24v1Ikh5C7nk1mDAqMq=
2hmMhhF5Qv-2Ba7H9WUQsYnthxwXCP3N3yC5xs-2BzLJ7sP2oRvNN8mtNcHSARd-2BuF3yKTJd2=
EZBecMAAR9VDvEInIeBzYqg95zblegNCdo-2Br-2BDh3r1fyatYJ5nyq6phuDgjHeT6aI-2B9q"=
style=3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchmark=
s</a></b><br>
=20
<h3>CORRECTION</h3> The title of yesterday's =
Daily Benchmark was incorrect. However, the data and fund rankings within t=
he benchmark were correct for 2015 vintage North American real estate funds=
.</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">China-=
based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9Aflsyu9=
uMGO-2FvWFEpqFCqqEGNw-3D-3DjkDv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XM=
j72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2k=
XQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01=
SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlIw42iMTokK2Nt5RiItJvzJR=
QEcEBbQZXfwp3Q6eOFolDJj7JlZNxMFv3oAL7Y-2F45-2FHv3p6j-2F2rN973SXECjaUBRB7RVr=
ik72ToLQ8oqdHPOY4S0O8JU8pB-2Fm4GdWYb2-2Fdpj4-2F6y5T9z1flebgyHx-2BFWAUaRua6p=
juO6SAtB2KErCj4iL-2BzPctF3IZzvZUq-2FQJJ3t4fRPsu9D6Z3MSVc8Sh4BAZofbvwE9WWxR7=
7DD71xQMBSrF1uhPKb-2BRVmJR5Ag9NbUMtfG1mQwWymrt9uw9" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Moonshot AI</a></b>, a generative AI model =
developer, is in talks to raise new funding at a valuation of around $4 bil=
lion, The Wall Street Journal reported.<br><br><b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9Aflsp9GzJVf7FUSdTM7bvSwPVQ-3D-3DlO_e_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2=
BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0Y=
VAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7Y=
WV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W=
5IsU1d7xlwtAUfYlIqjYdu3YlMyUcWep78ylFxh8fKF3GpFZrzO887X2DBuNyit3BXSi7Z4MEmZ=
WYsv1uRvcNdmUNcFK6hYtwgQUToQ4OiC5bcw79MxzYchLm-2F-2Bs8GfI5-2FzyLrRaTQ5DfGag=
6josWuAvZ9nyFSxIx0M-2FWLpsv3LsEW3KiMf7kF-2FjQnRj7RBABn5t-2FQkBk8x4g-2F9lAVA=
dCLM64SuDQkxSKgjf-2FzAyuVvtaNkGaK7QaWXtzX4fchsqTVVaLW8ty6dnzjKLvbJkpynr5xvf=
8CXqJgSyxz" style=3D"color: #1D5080;" test=3D"" universal=3D"true">X-Energy=
</a></b>, a startup developing small modular nuclear reactors, raised a $70=
0 million Series D led by <a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv=
34m3E-2Bx9Afls5M700XaqDx-2BxF4ZKm682Yg-3D-3DXe8L_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4Ucq=
IsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF=
4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2u=
CQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJW7zZ4=
BHkfxZWq6Lc3q12OrqPavID7tOtRX2GLds5dqPKLBUjseZC-2BxvcLeY5kZNiBvONxSwl11wmR5=
Zh-2B3B8AjpEoswD5-2FZXaKo2sfygKiXi6idN4aypXc3M-2F4macDsM2BhTriNgE34IDA4PLy2=
CNLKfn5-2F95PSKafX5Bbl02tbVOiZMaCsLkK3k8Qz-2BoUStFmUQbwHTV7a2UAfSEnOmjpTOLE=
WNyroVMt9-2FIYVjklUdQ9X-2F8HFS32QhO1bPuRhTPbzFblPTVjI6Jsh5WzTJ8" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Jane Street</a>.<br><br><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9AflsG76qB-2FfRtU6C6=
rFSQK-2FPlA-3D-3D7wy1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43=
kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVB=
yAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ=
63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA=
5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlL-2F8AqabeV6gogsZd7VL9hflcjpWgOfP=
llTxH0oOhStGRqBt7FjJBIKvJ42fj6wxdQ2z08jSMu5ihY90mKS1JwtWsPSmThuHswYbAnLUDUp=
N-2FUBnTUxndNsRO68fbaBAR0EYrHKOC23YSRgmNeVmU2u4dHRbb-2F2-2Bgas2PE-2B3V5bItm=
U9KHY7F6Wfod0BYailSMFH1rEYzEMdSUQ2jJr2nFT-2F-2FrPFBQtlQC6DIClzFlDR8pzgW0v03=
ByslVwPMV3dzro7Sb0duyESmITFKVGu10a" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">Model ML</a></b>, which offers a workflow automation platfo=
rm for financial institutions, secured a $75 million Series A led by <a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9Afls3M7GfEnZUVepeJPZXO=
2WNA-3D-3DnbP8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiH=
l6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2=
Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8=
u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlLg05mQBQ6NCCrhqYAJBUT-2B4GhxFGFdIsFN2xiG=
JhdUzxvfb-2FDrjk9MhxYKauDIB1O15O-2B7PCHBDnPcKSK2kCJo-2FeBtWpNWUkBg0GbaMXC2k=
qjR-2BbzgqurVcY-2BLT9jqNmVgBMiyfWpvF1TZBF3bxTW97LjVmrUdXbWUynHKiTp4KQQvb8Oh=
0NQm-2FFPxwvVfDbeYqpKY0i9cYzuc1WKNy56VElXdsUYGf8bBB1mnT3xD8img6GUJ-2BcAfWVm=
eM0XPEB83fqt8vrLqXvnBG-2BewRZCX" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">FT Partners</a>.<br><br>
San Francisco-based <b><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9AflsY0RIs4hHIH7E21aQYxjMBA-3D-3DJ3eF_=
Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6=
HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrF=
gE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNC=
Rc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrm=
Ui8W5IsU1d7xlwtAUfYlJQQ-2FcM0Pf5u90TEZ-2BDXfYpI5f-2F39e8YHKg-2FD3l4N6dTu-2F=
XE3oMgu2jy6RhgSBy9egug1NzGSP-2FFnxl0DN3bBSUm0jhnH-2BmqKvWxTTP1L9BCXjeShGk3q=
8oC-2Bei9QZMqOwd98GhKp6NTYwZykJ47Ea58RTAajrw-2BAYP00RETZpzG-2BjStnql3GR-2FI=
vqHPIBE8dgZ4KEp50zFlLONstD210ZF9SdwKv0tiMYHMUBMnbI7GatfVgahTvsBpLykjRHCTXxJ=
0FX4VW2lqw4a7eM3g9IV" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Numerai</a></b>, which operates a decentralized hedge fund, raised a $30 =
million Series C at a $500 million valuation.<br><br><b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9Afls33NjbbMSAj1Sfz4O99wFjA-3D-3D-fi=
y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8=
y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anY=
rFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTr=
NCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiT=
rmUi8W5IsU1d7xlwtAUfYlI1PvrZpNdjKK1Oo2-2FODIkK45Xl6GOnzrkBiv0KbAFNRozJDOSQ3=
T9rPz1gLWVwZE-2BQLLRhYFpBF9mOB0E3uWB2SKHD5b9W4onYXKAZ6db4O771kk9GX5Ot00B8Za=
NzA3YVK0i-2B8RUKrpiep7PHr-2FaxRpRKFxk2NvEWfg-2FapXPwwicNaZQkaCW5Ji5ZOuA2-2F=
-2BJMQ8yeqA7VmBHtYcxumLr2IpQE7A9tl8EW8zbn7xxWNOqnSAl-2FMFWthE63XfgeO2nEevzh=
BIo7ZXZHI-2BV-2BEHja" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Momentic</a></b>, which focuses on automating software testing, raised a =
$15 million Series A led by <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2=
Cv34m3E-2Bx9Afls9E0xno03IrRulI0Cn7ezXw-3D-3DFpJr_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4Ucq=
IsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF=
4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2u=
CQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlL65AO8=
sz-2F8iuZd-2FEhm0OKmj7yLmIM4E98auAgWpJLKF5VQDBw-2FIQOGFOC8fbYmmhP1aSZHR-2Fq=
bWfoQEfddhaFCVo7L7VMSn0dVqSYtv0f6Yo77GWGRf-2Fy8PS5YsOY2uN99uCzZr1HsWCH8-2Bc=
GItYEOzpvYDUOddN0fLNPdqVVOcTvgR6iPzHe2W4d1IuQEUDHQvp0OvUTNeZXJInp-2B9Yoc99x=
oICS-2F9oKp2pH-2BnTQW0eizxB1bGE5ooGxMa36-2B3TglK2rv3BZvEgJF3VY0ofPS" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Standard Capital</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-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9AflsThI6UTYoixvt6LStOq=
Y6XQ-3D-3D41NW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiH=
l6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2=
Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8=
u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlIRGXxwGCagJ7V1kaE6QZoGPLnZqWQD-2FbRhORdE=
2cz9B-2B1hZqUHUdMqXRv3CJ2K9YLtJvBTfmR-2FpfaJ0Hx32XjkXNdekJXzyJfYUvZlG3Op6Df=
Mvazo2I0rRaQSvzN74cMXuYSmy2RFIjTBnajU5dEVwrFUbWnimKoKeu-2BL3mm-2B-2B5ke-2BQ=
WkXqLqKI4icF5WWYmwE4VclSVqVSlJRL7DBRyxTKAzExocG-2FkRzsSo1qQWGlM6dyDCSwOrMS9=
kNs282BnNlpXMnHYSgu-2F1RPv836-2Fg" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Macquarie Asset Management</a> offered to take Australia-bas=
ed import and export logistics specialist <b><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FAhwv28w5wPgWT8HklMj6fg-3D-3DvOjF_Pr9=
66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-=
2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0=
YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7=
YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8=
W5IsU1d7xlwtAUfYlK5bswszbigWd-2FcGGpFsZVCR11ifomqLfm8cJcy5h-2FW9F-2BuL8bfrR=
FfQ3YlpcqvBHZUkYgg6ICyN-2FKi23Y-2BV-2FZPmzuimbsbBjZsT0Ty1nAo85JUsUB2l9G9FV4=
AH5ky9ETkoRW9mzE64K7fZbFtPePxdwtb4YlPOfKsBn4HIgKjWEx1xCaf1O5zWU503QFZME2lrS=
bR37kZBO8i7eAoB8-2Ft3OoYWpTEonXGQ7xIWGW6herOgjJ3N4pnC7douaVt-2FnZ7a8WmxYk40=
nX9wz-2BYEPOR" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Qube =
Holdings</a></b> private in a deal valued at A$11.6 billion (around $7.5 bi=
llion).<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E=
-2F-2F-2Fh2z7XCyp4zvsXnQS0967eg-3D-3DmOx-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl=
JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2=
FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2B=
bKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfy=
fjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlLbmKYT6-2BqHp=
2Ssl-2BzrxSnn4zLev-2BhNyMIm2BHgUgX-2BueUZheEEI8SMYUexrkqrd-2BXEv2lZ-2FuFnx8=
XiZe7vpAhKd3YPipXQ228C4yQq8uTExM2Vf6w0ewkKgs-2F8oOJqhRmOEO-2BH3f-2F4lEfUrdY=
0rV5p6IDaXWuDCqPZiHQeeFXxdSB-2FXC2KlEtoCZZwx-2FTFw6pZJswAxL0aD2QU7GlT8OIjps=
4G5tGVKZ-2BxnRQqqFUmrJ7HkxNdMeOEOKWnYzWe0NzfCqp-2B2m-2BbTcS6VVaIF9Ue" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">TPG</a> and <a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FyWIL-2FgSTnyJ0O78qn=
rvk8Q-3D-3DLaN7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJi=
Hl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-=
2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy=
8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlKO22-2BACUvQ9E0HX7nClFJ42SXDBfSslJubchu=
QQkXRmfjH-2B7dTt5rAKjcxYsNOrAsfxl0r7kRhJztPy-2BMoRwlZlbfCBPIGdQHIrk8-2FtyJi=
00dWndQmtjhfzB7HYPPLRuZoWqd-2BJ709REDmTSPMcgSxXHTHdviBXIMPfXI603N3xZ4-2B1r4=
ZQKtN4ZdfXKFpW6KmA2LFsXE9kBM22ebsfQgaqNepsTA5c1ukFWU8OZvmfUJkHFB-2FfBROBBXi=
8leQR6SrnlvYh17YoC9d52uX4AQt" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Warburg Pincus</a> are considering acquiring a $500 million major=
ity stake in contract management company <b><a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FNvOqH6c-2FoFSplBlV4DRLxA-3D-3DlY74_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR=
-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE=
0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc=
7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi=
8W5IsU1d7xlwtAUfYlKkirk08ihCtnY071DOIL1Wt48Yo5cIbBaj7nOJ5GxOEfG9lSbxO4PxoUp=
q13Oy0Aj6PMzKZfm3qomDg7rgzAFPn8OyZkvV6QH0twSCnZv6KaKgM5XlcMqakm5xVAnSnT-2BP=
CZoWc-2FJrey5nIAvEy2Xz3YpUP48VMaumad8VNhN-2Bmd-2BrURxW2oyHBNl35q-2F5-2B-2FC=
oGi3kux6Sr7gvKG4zFwFL8pGRx-2BYbhbD0NzLMNkfeMH5OTAGtiXUBCFw7EBNE7VLbugwzh1K1=
85sbAmnLR0WU" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sirion=
Labs</a></b>, which is backed by <a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXm=
BplKII-2BgMb9UdPs0E-2F-2F-2FZKdzNPSh0mkAXoM9KOAiow-3D-3D4QIj_Pr966knuaHmaw6=
c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGj=
p0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXO=
g3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKb=
ZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlw=
tAUfYlL8zunOwhWvVV-2BM2NsHDwikGsBmjjM9ZiodgcQplLnZA8cfqvcTh3Nf0YYbVBDFHmG-2=
BR-2FG7uYRJgTxKqBGGM6KU-2FJ-2BYYhrgpiiKLgx-2BmxdNBEWQRTibkhzt-2BXSf6AoPSwWD=
JvaSVN2x1ebVn31lSPFsjlZDzZ0CBRC7Bq5GiGpQ7lAtx9HnSTT-2F-2B0IsBz-2BvCUdha-2Fx=
0-2F6BeZ6fhwBkVbP4K0v6KgUT77CqA5Dda4CaPxMD9yuS5cary24m40FgPIZ8SYzgbs7pjE8J6=
oRc1cpSV" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Partners G=
roup</a>, Bloomberg reported.<br><br><a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zXmBplKII-2BgMb9UdPs0E-2F-2F-2FgU8mAltw9kCP0vDOseZCRw-3D-3DYoiV_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9gre=
FGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQ=
zXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0=
CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7=
xlwtAUfYlJCkmMJ48jRpe3YvyHWrYQXZiBPc88zcOWGl8YzoccK6mhcA6Us6nC7WHtgF672LTgn=
cP4X9lOa6AO7WFeRYwrqW5ZMkcJe0onQ7T0zS62gDcwI7zax3J1byhViTMtzXXddQbgJtGn4-2F=
rdawxVigfroWmgHJMiX8msAfXDoaEHcY3H2FEBcPahFz-2F-2FOxOx9Xc4mk3nmCSVZcqEU7UiM=
cPr1TfYE0EA5FRmMoiSQCyNNfu5bUp3QC0AR70K-2BPZ8Ml39tJgdrRG-2FwCyNbRpEoSQAB" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Truelink Capital</a> =
agreed to acquire construction and industrial tools supplier <b><a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FTQIoXIds1pTxLeD9J=
e9Ikg-3D-3D9Ymz_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJi=
Hl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-=
2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy=
8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlLwWisodJ0juSdBhqKREeDUbLN0QZSseHTD8U7i2=
jGozdVfgNAsO9Meh8sep8cGaNWmIBg-2FNkZx0UKm1Z2skVz-2Fr4SefiHdwHzNt03c285b2ZeW=
SjPuFO9W7O7DqGnZ9vm29MsVFtsSszDHDSVuofZf5CDanMIH95TWnv1uSTGKztqCm6aHmBgd5ZC=
jSVVQYrWlocu6BwAfcAONTNsyw6tsRJHxMGiVnw7BTq12m72GOJv-2FfwifEvwlRgYIqKvJx7a0=
qdp57QGpyfc4T-2FNf9kGW" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">SouthernCarlson</a></b> from <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXmB=
plKII-2BgMb9UdPs0E-2F-2F-2FhPVGiFbKdGePOZlwUl-2BTrw-3D-3D-YXx_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFG=
jp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzX=
Og3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CK=
bZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xl=
wtAUfYlIjUHpQmrpMhSWJZT-2F6C7CLV1HLFHlNY2bmlC8PUpjAQvXDU0PqHGd-2Bhl8DREUN-2=
BoNn3cCmyx9E5Hou2Dg90u28hHhhBkLy-2B7I7OO-2BLjMvEZ1f5uUUTQtYDhChD-2Bbzdiub9t=
nvcC9KinRAou9DBRZ96-2F9sNtqBRYOOUu2n3ThOXrOcgYB6PHBssfWjnHCQgPXVhkPPwRmcFOd=
trQipRhzzYxuVOSvFo0KhX91sPxDhtQ9kt6u7VU4A8yqf5poQH-2FnvkyPGpDzB2TGFoEHL3zUc=
d" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Kyocera Corporati=
on</a>.<br><br>
Australian reproductive healthcare company <=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2Fc3Mq=
lJtRGfbdYELCQ5Et3A-3D-3DFfql_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72=
Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQh=
AW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFK=
Udd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJmoQIVpw02auPuAg7pDF0GTLzx=
doH-2BLdQbkobfjSwGnuBxheJPjVy3pQtw5CF2BY3nnEc5PDdvd4kOLywY-2FyunIjhCqKx57KW=
YEHClH2A1XOCFyV8oKDHCOZCZDSQVXPAsFJMW66bZoxp3d5IoKZqssu7eSZh-2FWD1imXYDjiR8=
SyUO9O0IhpW7HVhsre9AQ86HMC1OSewwamwpvnQ11DCYxMAehTgy-2F7O4kFz7FoskhFs1UlwZO=
SyuQvYEZxAZdjx4EMbrv-2FjSrAQyqKjYdis-2B" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Monash IVF</a></b> rejected a take-private offer from =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FPlzIeW=
VWfIOmy9Bbcjy2IQ-3D-3DWFKV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha=
-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW=
-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUd=
d0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlIt2lHkAYfpmeHbd7O9EDnMu9E8HQ=
DPZrSQ5vc9MifXadNxWimun2fycDZxtcdIXtwNIOwrV45hHl86ShuJpMfYGfqbMqeXN5z-2FkAb=
w9OZy-2B-2B5ZrtIsdXMve7o3dKK8hkkUTJVvcSz02HGtOy24hwnqeytK9cWR8gPCcJ0JZMO0g6=
n0gMLfI-2FbTBzDD7I34De7YDiJAId9MRxM1e61pgniYmfbqpXHUvYOdOMyi0jwUjfm-2BAnoVU=
2IzssnjYhBwz4HsJcg-2BRTp13xl4GiTRWQob" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Genesis Capital</a> and <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzXGIL-2Bn1YOu5myMdfiqTW3LmAMcJj-2B703HElLCR2sTVWQ-3D-3Ds9wk_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9g=
reFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdru=
zQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9Ui=
Q0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1=
d7xlwtAUfYlJYeMfjt0KiDNbB771gkT7j6-2ByAUx9ajln-2F2CZmvU-2Bu-2Bn-2FOsJh6EtBo=
0QLCd-2Bc1gdVkuNodJiJmiWiWILKsysT60rlTOzvifrxHdmdRzn4K51U1SHcS0UetoERlA-2Bw=
Mpiz3Fswt51tU8VKD4s6nl8v3sN3xDpkumD-2Bs1eyQr0ok-2BASPBcC4zuGePpWqv9bzBiIAQ-=
2Bjj1uLKtQn5hVxwk2m4J6iDArdmbQ-2BSOYbiI7Kn-2BUMJTtEOOAn4HK6PBQu-2B-2BujuT9w=
yIcqgP5NrwY4dxAeU" style=3D"color: #1D5080;" test=3D"" universal=3D"true">W=
ashington H Soul Pattinson and Co</a>.<br><br><b><a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3LiwHS13EdtbbFFaRbyhr2zA-3D-3DZhMm_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2B=
uK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YV=
AdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YW=
V9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5=
IsU1d7xlwtAUfYlJLNYjo-2FHpq2jIizmwBjaXc6CBwLqGVzzDGlPYN-2BAHt8B9hXwnQC3sgd-=
2FCtqnoYR9fqmyHNNQJ1qV2FYuT2dqiEs4HY-2F0ES9zCYVjQ6SiUk7vWPPyuQVLk1JjH6shzuh=
b3YxbJyUqJaAMmSo0EF2FXgPamG5EbxieJGg5JI8sckt4U9q3k0LcKSZLt7q0OW2lBqanBTYbFK=
ETCvUIgXGZrOZjk7x0OntJbBjDtVdIxWg6fIl280pe9Fq1roo345YXi2bdm0J414MMAfETovJop=
P" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cohen & Gress=
er</a></b>, the New York law firm known for representing <a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3LuzBQlMuHfxD-2Ffi2Qq5zHgA-3D-3D=
QAe6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2=
By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2=
anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySD=
wTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTu=
SiTrmUi8W5IsU1d7xlwtAUfYlJ80fCnD8x1xgORGzvTdd4kavqrJm0OUKcjLQThkj5J-2Fzusqs=
4fP5BO-2FN8woU0L8-2BaHEK2Ty2opDET-2F-2FujbVSNFr-2FF31-2FKbqiVeMry4Tm1LVlpss=
Lg7OoGthX-2BG87DKG1fdiu5yBZEtAKpMaJ2GdROtVVUI-2FRYE0ZrQYbSyJq-2FaYMDeST9WZs=
kNdGrfEqHUzaJd1hTkBLFEfxEG-2FyG1UionJnOkvyhcFNjhLDxAK8TSGOPAReJL354B6uXtnVS=
Sg1WHtzAbUw55fScHmt4V2-2B-2FS" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Sam Bankman-Fried</a> and Ghislaine Maxwell, is in talks to sell=
a stake=E2=80=94potentially via a $40 million convertible note=E2=80=94to =
a PE group, the Financial Times reported.<br><br><a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3LMqHJEdhUrJxbYYvTRkInRw-3D-3DrOG3_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2B=
uK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YV=
AdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YW=
V9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5=
IsU1d7xlwtAUfYlKXTjbsO-2FJJH-2BOAaMH1AWAt-2FZ4fzvJD4x5JyqgJq8dFc4WbnguCdBrh=
lZefs8bqDVOOyHgi7NQLQlZy2DNXDqW8z9H2x4Atabfn7J6CAviFlaIw0Jcaqpm-2FGSAfhF0Xm=
hYbS7J2mGfGjMQsZeZNOgSKp2etd9NCjrV15JSu6q3Q86fydxya1GGlOLJwIx-2Fx3P02lK6lgC=
ATug-2FYqbafi4X1SAJvSHCe5kWdO5cqtG2FrjyRDpxq9lGSnfDtKVANniXxZfrTk2Zj92bg-2F=
-2BWmCTNm" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Weinberg =
Capital Partners</a> closed a continuation fund for <b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3L9thP8KrrwsJSpZzTUggRoA-3D-3DAcsZ=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y=
6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYr=
FgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrN=
CRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTr=
mUi8W5IsU1d7xlwtAUfYlKxH9Snzxs2R2cnGHNQs22jSMbk6ly-2Bgv0SL3JDOe3kQcXp5GKhqz=
4FwBXETB9BCe8RCdlQHWRqfsxRdecz6eb7M-2Fc7zOWU3hZbKBPYpIOiS-2FfVpwFUyGXSBosDI=
w1UsG70hkyYxzHAX9-2FMzekqcTGWvXt14WeVmxNPv1SR6b12WH6XPWFW-2FiOdvRwhiozgHcDi=
Dmy0ADSxOpqvEfKmw48RsRRpSub7WlWRS-2BTfvLHf39IYLAdbIf6I5WTkiISNFhZeMDNv08hLw=
2RUD2xcUtq6" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sapian<=
/a></b>, a French hygiene and environmental protection services company.</t=
d>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>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-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FgU8mAltw9kCP=
0vDOseZCRw-3D-3Dd1qz_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVBy=
AYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ6=
3boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5=
XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlI-2F-2B4Vl-2FcrB1jp8CRkdeV0CPd8JQE=
Tm-2FJBk3RWExmdCyEgWzxUi0HtfaX4-2Fu59Q4sG7x114jCdG8w-2FITdbDH0zXCK4bv8ea-2B=
hCED-2BXyrc-2FuOtHjNowTq4X7Kf3Ri3OnwHvYAVTIM7KMk6-2BuxeX7u9vXdGs5qXOPV42IKO=
-2BSImi3k0j1noV5aNB7ZXL4FfWsnnf2GsgZp0eIxnJY59R6CfZvUWpA1-2BcncoOgxYXi6wIPN=
coyRR43fsYaZgcSht-2BKzukb5eqjIDdO01hn81Zyt82y" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Truelink Capital</a> agreed to sell air filtrati=
on provider <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqT=
W3LXbTDgi28LCqr0uVMmmrhhA-3D-3DkjZR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffo=
H4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y=
7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaB=
gi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlLcBCS1PCwTWJhXd1s-2=
FSEougQM1ldCMUsWN5ztqPY-2FqAQiKRdqTiZ4B4wUm-2BwJ6e8mzWLmxPTXcV4PzzNpDZKwhfc=
GBuzpRFhPiWqb1eBeaZl-2BTKNLGIpU9mNU13ZKij3K9xiaCBSnj1SNMo7Ga-2B16nqaF1p6WzE=
JGrcspjkKkcDWrSeoCPR1SlgSUa9cWb20FRM-2F2PYcPXBzo0FvbYq03fphFWqMAI0wj17-2F0v=
42y-2BZ3MJfyVRk7anArNHDpueKdEFUO7aUVj7sm6ieG2v7twY" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Koch Filter</a></b> to <a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3Lew-2FXap-2BLK7I-2F2KFipplEdQ-3D-=
3D5a4o_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR=
-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqo=
f2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozey=
SDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDe=
TuSiTrmUi8W5IsU1d7xlwtAUfYlLVo8ICxZHgyvUrvo5wdwX65jdXtLzxKeZvOHs5OLwVuaiaEz=
SGu9mBbXow9-2F0gLkQBXXZkRIJebUTK4hoaq9O9XmC43L6OwAPq7jHivFouGJUlYwyaKesy-2F=
kCwNCA9DzALC-2Fkw8sBTcOsyQAkqaOzSyId-2FONMO-2BFj-2Fe0C7QYIaeOcCby5HrL6p29eO=
VlnIojjzTQRt97eCmdV81tZ5AkyJPxR4hSqg1pIzQX1soZuD53qAxsul2YBmGGSnBI2avUCdEA-=
2BTKmxB2c3iCLF7C-2F5g" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Atmus Filtration Technologies</a> for $450 million.<br><br>
Cyber threat management platform developer <=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3LKAIDK88P8j=
PcF9j-2FvUE-2FmA-3D-3DVJMA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha=
-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW=
-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUd=
d0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlKSuFfJKl2qgYB33m8kcD-2BXdgY1=
qhWVfJf3cspSAIv6ReCB6RWYvqwM5vKVq-2F-2BDJLt1AaAg6SzyFytZ9MpML6Nzwu1vYJ-2FhE=
gp-2FIP2CkRSFUc91mAweP927Ftgjrz6tEqeuFx96O7LMrSKHPniiufh-2BxfawGZ1POZyeVzHz=
fqmK4lywkj-2BGWYh8PFlOQJB52lYo58y-2FCRbyg-2Bv4bGx1x-2F-2B1-2Bi5RiOSZeOUDv-2=
FfznNiezVoABTHP-2BWW6tj2cimbUHBbO18wnmVUd303vNwzxFBVb" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Balbix</a></b> agreed to be acquired by =
fellow Bay Area-based cybersecurity startup <a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzXGIL-2Bn1YOu5myMdfiqTW3L64Wvohh-2FpFfkbCcrrH0jMA-3D-3DJQ4D_Pr966knu=
aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9=
greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdr=
uzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9U=
iQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU=
1d7xlwtAUfYlI5GcetNpjZf8MkNohNg5yo7apdsUmPV0kGqO-2BHonJP25fftQSAetEm-2FcNoi=
gJJ-2F5sFINQmmiDvU2qkSi-2F5Yn2dj2NdQs1c1o-2FHqI3HPAMjm8hdejinwQ9qnQ1KhnVfVK=
3BVYs1dlNKJdmpzyTcXksyCCaowQlW1gLgBOInWaac2Sp-2Fe4fpijldc5GyOAOvrI8oWQM5n8c=
iZk1Wqio-2FuzhxskSBwn6aP2qX7cAeef0gdKh6lIbY7g3PzqyBQFFOmN8GbPUM7YjeFaBvjaAp=
fzLW" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Safe Security<=
/a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3=
L62A9fedSjAyhdLBVAdKnlQ-3D-3DYJl4_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4=
XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C=
2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi=
01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlLhe-2BcYVvQ9RIoGz-2BW=
N-2FIo3MZlm6LpVCrCB9sT7U5X4ysUuT9kU0AcCdQ5Exjn28G1ISGoJX8DhUpAyf0gp3oWhyLxS=
Fk9iou81S-2ByxKF-2BoPSOsJbaNGFPO328u5B39kFk-2BJ6il-2BtkLRAbIR-2BFRLw2E7VhQd=
QIMl-2BzYmuNiueKhmsAYgGa3-2FMaOrfHfhuSRifQ4eeby6IQ5GDJARws5xQob3IYeDeNaq2Gs=
e07n3woj0pIRat90UHU2SRGgVINbVNvZv7wWPMyN7SPTH56LCNo-2F" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">Lazard Asset Management</a> sold its in=
terest in UK-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwn=
uH-2FOGqsGS9rBUlGsraw8UEbwpEM7KPLA-3D-3DfbtD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsit=
B-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR=
-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZx=
BfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlKCP0Tlu9tq=
KC01Z-2BoPZAx6gbmn-2FQXiloBHmaTH21JRChclr6XXj8EFtRVCvRTxalb930VdyE9-2B4wv6k=
qDEWKcvijDHc2j2s5s-2F1RJiXSfwAQbzYEQuiUqFQcsrrS4NdGnwcmLHRldXNIDX8hWnkCJk7n=
SGhPPCclFjXqNVpv0WNygSXIAY5TVwig9faOnZ8AXKxTwRvZhj-2FgJs7NPw9ZQ6iQE8XUDojIk=
AThgBlR-2Bczg4guxemdbC75nyxd7yoHVhX-2FG45nxyplYFyq2yqtHM-2F" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Shawton Energy</a></b>.<br><br><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS9q0ycRsBNOzo6G=
GjOzxP7SQ-3D-3DEx___Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByA=
YnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63=
boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5X=
I7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlIriSyc-2F-2BzlQOeftKgUh6VYo17bpUXg1=
-2BfwFifHY7KMgpbapYwrPhMnFVul3TD9m8E-2FAr6Gu-2Fsdt6517BNPb5vFuScTKdsEtGHzzw=
a4kWH3lJ3DX9-2BTIH7gwh-2Fjh7gOylcwJZR02xivUtNlF5HT1VQr9lNbJvg5kXL7BjkSqetPg=
lKfiybdg7jHg94gAK8qT5JI3KxeVi79mMzH84zlHFgYz1TLP6WcJ5IqmvdQJpHiz6m-2F3iM2Gy=
42xLDbn-2Fr-2FpJe-2FbdbKdSSug-2BMupU3Pj2rw" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Sullivan Street Partners</a> exited <b><a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS96VWwOFwzhQiYkZrd8arXZ=
Q-3D-3DJ9cM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA=
68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6j=
bJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5=
aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c=
-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJeL4a-2FKysyfZmaYaPgMgDCi3-2BJEGuKIkZYuVKZj=
KSK98Ynl2m1GYjGXk3Qv-2BCLU5qDvEEB1Bsz-2FYrr4xYYRO6iFAVDnRljjdgurYMX5pYWfjJ6=
SCuTJ-2B3PvqpD4-2F6vEVSRc-2BgyLMCzvuoH2kL16OKHQ23wXupQ4mxUWVqvMxTBMKDFy0cEs=
bxUCH-2BRZDjTvQ-2FjfAwwFH7yOAsAL3trobu8mhrVKDg72OaorbFG-2F3dWmUU8loPKZxGTSf=
HWOoaWqNas3-2FprdRoD25KYhl4Vsel3" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Octavius Infrastructure</a></b>, a British civil engineering =
company specializing in rail and highway projects.</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">Abu Dh=
abi-based firm <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2=
FOGqsGS9lOXWtsBUH93NTb-2B2LNKGNg-3D-3DS5-C_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw=
lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-=
2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2=
BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBf=
yfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlL0wF1HR7Skgq=
FDq20eQIjf58wAC4uvEBZR1WYTFAsiQP5PjvS4x6TenwcZOkHWXfQfP2yWDbJMJ6DX9YcPvnE1F=
qMlqheYI0vUHJ8N9ENXHKbOK-2F5iWPMr4gNbYf0Qq7SsqpZf71cpx4N4Mc0CeRd-2FlK0-2Fe9=
r5Ikc3UDy-2B5v1IJzaDmXj12te8X6ibzGEucymS33tKXUnJHXrH0ABnA0PXqVXvH9q99T6Iq4t=
nLWSokZ80x-2BpI5-2B8azKjjkTnUq2gape1jBKLinCpjJlujvaLx" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Lunate</a></b> is in talks to commit $1 =
billion to UAE-backed AI investor <b><a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zX3-2B0vtVWdMwnuH-2FOGqsGS9XNYL7ZSu4xAHj9ePRkAB8Q-3D-3DuOCL_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp=
0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg=
3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZ=
eizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwt=
AUfYlKxpMTL4kmnysXtJ8DH-2FFlSX45gGo6GifAlP8sgR-2FMosp41eHbhPdkUgWFR8DlTZZuA=
9x2QrTL7n51f-2Bobznk2Y9kAqeRah-2FS92MCPw62l0vvkP0OJxw2UouakGzW8-2BgE1ovRPIs=
najap-2Bdas5-2FdpLQqXHjCl3SJ7ZWfPUD5vQ-2F8PmYhAU8sZ7lTEQ7d-2B0Q6RMGdPxarrqJ=
Hbb-2By3eQ3n-2B0idE9GUMBvPyZ9CCG1TazwxFu7bSgMnwJIqGKY8s-2Fnzr0uPeracLL0qzFI=
xPoh8rG" style=3D"color: #1D5080;" test=3D"" universal=3D"true">MGX</a></b>=
's new funding strategy targeting as much as $25 billion in commitments, Bl=
oomberg reported.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vt=
VWdMwnuH-2FOGqsGS9rF2BzTquxueJHBJyoNtZug-3D-3DH3Sg_Pr966knuaHmaw6c7pKvB-2BC=
EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4U=
cqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2=
FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd=
2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlLF3l=
L-2FOKkxq0K8u4VChp-2BbySZ016ajDhS8pPLN-2FF7ka2sRrHsqHmjKn8qyBO2g5JsztIdRjQi=
ByfG7wCe68hgiaW974Z-2FGxD9EC-2BOVVBXH4tWs4O8bkC-2FsIp7B903xQwJ-2BfbXZNwcTIK=
O48fczM0Sewpu1z3SR6AetwJb5aKbuJkEPIZNciJxCtksxKwV0VY1bQDzWC-2F2GyiQFqFdLeq7=
tjFriBqUwYTU0DCGX8MwxxnU6RZ1n3ORXVoTw-2FpYYkn2etL5359aZAYyeWFvlwERo" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">The Carlyle Group</a></b>=
is targeting $300 million for an India-focused fund that will operate alon=
gside the firm's latest pan-Asia 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>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-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS9QB-2F=
B57r21LQEXgsUU1FCIA-3D-3DFMbp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj7=
2Ha-2FVByAYnJiHl6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQ=
hAW-2BOJ63boj-2Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SF=
KUdd0ArA5XI7Uy8u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlIu1cBxm3K9pjRWOWrBRBxqKNn=
J9utJzekosu8pjZ3WKNxU3BQ6ffqqBLFJhjPY-2BncDrcS-2FHPunO-2BozFnLXjGl572dovgkB=
v7FTaSQg5mdRmGf3wIVGOC0qmX4PZZvhW4bp4Ln5tpWNmsAi3qv-2F02BUVCtff7myRJimrk-2B=
OXMJHp7GnwLRWesf4b5JZ3qTdEbUATk88aW25oYmgKMaG-2BDFN8ywTUtmWvkEdCGz3HTu4B9MP=
i02wIbIPjZEMIaPxS9irg52n178q4zvl2OleIE0J" universal=3D"true"> <img align=3D=
"middle" alt=3D"" src=3D"https://img.pitchbook.com/news/71516.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>
<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-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS9li26V3yRyOUsy8u3d128=
DQ-3D-3DAKOt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY=
A68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiHl6=
jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2Bj=
5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8u2=
c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJmcjpUZE1qMHSC-2BduCntCmH13SLdYiW4Lkp6rYP2=
2WbjEYXqVWUdIJ-2BTlvDuzVWOzQ55CnmGI1hcj6ZQ5GXfBCXFA7P2qJ06mZ4ghk2Ydb5pt8Brf=
OOIVgEf2RHKQU5jMNtWdB7xIWQ76VlfKyJVO1dTtr9-2BIH11cPrG627fdPE85H4IirkYlmpaLK=
MIHnirNhVE9qJtkVWLwe-2FwakjCMUrmeI9jd-2FDxBJJQEomCHKYekbbUA1rHAZgDRGLd7aQoY=
pyBP2DsZ7WbFCmEeHTg9c"><img width=3D"160" src=3D"https://img.pitchbook.com/=
ads/ad4354/Churchillnovvba.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;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS96UMW6UwnkBV2cVKl-2BN=
FGgQ-3D-3D7ZsE_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiH=
l6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2=
Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8=
u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlK9ye2ACOJaHj4745s-2B9W-2B6Q14ES2LYfP9lyx=
UL5ahY7LxL-2F4shSM70WsABQDSTypVxk5CS2Q0mPcUD8CUsAkJjZor9w6VfRT95BZLD9gGVWjW=
B3CemF4mG4qY8yZgCrU6qX7hhxjNeFj1EtT-2F-2BMc0aae6OAK5snIjnLHy08-2BfBrXUr1PAj=
UBU0t95ZKnvP7oTeCa14CyVAVJdXfS8a6kV4OvuF7cZeBXZCSrnes2fTA-2BvQJD4OKmTffKxp-=
2F6PgZQjhc7MnYWo8XHP1CmIhDp-2F8"><img width=3D"160" src=3D"https://img.pitc=
hbook.com/ads/ad4407/25_PB_Navigator_Promo_Non_Client_Its_Here_160x420.png"=
alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display: bloc=
k;"></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-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS9wtWtSHSB4dnrjaDs0-2B=
ME5A-3D-3Djrn7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR-2By8y6HR-2BuK9greFGjp0cRPkMD4UcqIsitB-2FBvffoH4XMj72Ha-2FVByAYnJiH=
l6jbJwqof2anYrFgE0YVAdruzQzXOg3fy5KhA-2FF4RuR-2BbKoU2Y7C2kXQhAW-2BOJ63boj-2=
Bj5aozeySDwTrNCRc7YWV9UiQ0CKbZeizS075Nd2uCQZxBfyfjkxaBgi01SFKUdd0ArA5XI7Uy8=
u2c-2FDeTuSiTrmUi8W5IsU1d7xlwtAUfYlJK6pQR0XJkbiE1XQiNcAri9Cc3V-2BuntcPGq1N8=
H2AS3qSMMp38FJgFrzFXn1zqfZz4zeB49YqZQK4MNl0uh6RtDnwPU4PiLcOCdWv3CP7QarZAFmY=
NH-2BKOv9KoXLqotZ4-2FPAXPkQ42azn-2BnlJWj2ztZrytAhBkyJjp2yVYlexV3G8FWc8lrADc=
u9wgkDDvu3uGqidM8rgEwnn1-2F6r2ZqJPvYkcPWmt1jGRZO3QRb-2Bx1-2FfqRlFj-2BF7s0bq=
XJgm2O19OMwvznz-2Bhi-2BXvljIdvQkV"><img width=3D"160" src=3D"https://img.pi=
tchbook.com/ads/ad4402/allocatorad.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>
</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=
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