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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-2BaqM7ONnvsnswouzUltnM3um4Wmj6hFYoItwYDM9SabTx8e=
lE0kQm0EGKjtQ-3D-3D8ZLz_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRXi0QUMsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797n5O=
4ZLti2n951ifj-2FxD-2FSwEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2B=
aTJmk6o9y1J9L5BkfKgVtdS-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1dtl=
VBI0ym-2FSiixSUVfL0W0qDyQxm6TTbdbUsQEiG-2FfVis-2FI2mVh-2FjhiSiv6MKKP1GTSTg-=
2BCM79xDUVC-2BGnN4GUt9d-2BoWWb1ijyvTvc4oCLh08SGNDPBvgMGm4ccuv9bbS6ri7dTfIVM=
1QTQzkNFmzOZtGLDqH1OkVkXzsAdA5847s4D3hTmEgBr5fZyPZYwpbWBFgqXaq8PjDJDYOtnH9y=
aXUuNTXmJhM8n95xWpa2zRjhPzFyAJFG3M-2BZvUl-2BmDVUNPdAFgKGGdNYVyFfOiIomvg-3D-=
3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https://img.p=
itchbook.com/news/71573.jpg" style=3D"border: none; max-width: 420px;"> </=
a></td>
</tr>
<tr>
<td align=3D"right" style=3D"padding-bottom: =
8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">Long-distance ru=
nner Eliud Kipchoge of Kenya is a co-founder of coaching app startup Kotcha=
. (Ishika Samant/Getty Images)</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Runnin=
g is the cheapest sport on Earth: All you need is a pair of shoes, some sho=
rts and an old T-shirt, right?<br><br>
Not if VCs have anything to say about it.<br=
><br>
More venture capital than ever is pumping in=
to the running industry, from energy gels to carbon-plated shoes. A boom in=
popularity for the sport and amateur athletes' newfound obsession with tra=
cking their health metrics has blown open a once-niche market.<br><br>
"It's the natural progression of people lean=
ing on technology to optimize and push performance," said Florian Wojewodzk=
i, a consumer investor at IRIS Ventures. "With wearables, with nutrition, w=
ith gear, everyone's pushing the boundaries to get that extra inch."<br><br=
>
At the same time, a buzzy deal boosted confi=
dence in the industry's exit potential. In April, Strava, which offers a sp=
orts tracking app that's become a mainstay of the global running community,=
acquired personalized coaching startup Runna.<br><br>
Overnight, Runna, a startup born in London w=
ith under $10 million in VC funding, had access to Strava's distribution of=
150 million athletes.<br><br>
"It proved the point that we wobbled over," =
said Jon Wright, partner at JamJar Investments, a consumer-focused VC firm.=
Wright, who led Runna's Series A, had passed on the app a year prior for f=
ear that the market opportunity was too small.<br><br>
Strava, part fitness tracker and part social=
media, is itself eyeing an IPO as early as next year, the Financial Times =
reported in October, promising a long-awaited payout for investors like Seq=
uoia and TCV.<br><br>
It's also a leading brand in the expanding r=
unning economy: Running shoes and apparel alone are valued at over $90 bill=
ion, and growing, according to Mordor Intelligence.<br><br>
I'm Rosie Bradbury, and this is The Weekend =
Pitch. You can reach me at <a href=3D"mailto:rosie.bradbury@pitchbook.com" =
style=3D"color: #1D5080;" test=3D"">rosie.bradbury@pitchbook.com</a> or on =
X <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUltnM3um4Wmj6hFYoItwYDXZ9zFmhtuTmkLiEl=
qhFjew-3D-3DU5-r_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRXi0QUMsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797n5O4ZLti2n=
951ifj-2FxD-2FSwEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2BaTJmk6o=
9y1J9L5BkfKgVtdS-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1dtlVBI0ym-=
2FSiixSUVfL0W0qDyQxm6TTbdbUsQEiG-2FfVis9uTTPH3aytLOj0y2SxN-2F3QbU6gXXcmONEU=
EEQarSQxj5Pp5iE3Hzmzti7A3AWTr9MZno-2BYs-2BnW3zKSJDrc4oaYfWKeBgPjR69-2BhJPxG=
tcTCt9H4ExWVrXYT-2B4IP5A077Ug6WnoTn-2Bnos1hxgA3RzLEYxUJ3OX1N4jOI5XhtxWgjOvS=
6CGVUjycDmFAxkoASw7a-2FFMqDyxWtCF-2BVZ94OgIqTxlqrUbF47yq-2F5OUnv1Tww-3D-3D"=
style=3D"color: #1D5080;" test=3D"">@_RosieBradbury</a>.</td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-btn">
<tbody>
<tr>
<td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzUltnM3um4Wmj6hFYoItwYDM9SabTx8elE0kQm0EGKjtQ-3D-3Dr=
MyM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRXi0=
QUMsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797n5O4ZLti2n951ifj-2FxD-2=
FSwEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2BaTJmk6o9y1J9L5BkfKgV=
tdS-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1dtlVBI0ym-2FSiixSUVfL0W=
0qDyQxm6TTbdbUsQEiG-2FfVis8Zn7vvs8Ag1sxv5nbTbdAPoYDz9Z5LmQd0lKoOTt3UhQWJC04=
coN7l0J5zp-2B7jvGApWgiwvCdEmRaMlOzBbGEf9O48BXssVrmFzsLnvwGhBLwmaUhMouMuTdvA=
YuqCidyeILSxC5R-2BeK6zjSoxFzugBB4VSE9YEo5Iezv19DnZDWJ21-2BAVFdZ3i5H1jiiep2M=
YnOwzX0QzEL1cxPnkX6JxFF2XwAce0NAYw-2BfWvRB-2Fkw-3D-3D" style=3D"font-family=
: Roboto, Arial, sans-serif; font-size: 18px; text-decoration: none; color:=
black; padding-left: 3px" target=3D"_blank" universal=3D"true">Read more<i=
mg height=3D"24" src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.=
png" style=3D"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a>=
</td>
</tr>
<tr>
<td style=3D"height: 25px; line-height: 25px;=
"> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> =
=20
<center>
<h2><b>Trivia</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUltnM3um4Wmj6hFYoItwYDgjs-2F9BI=
SmqIZoJPkqFX-2BMA-3D-3Dbe4e_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRXi0QUMsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO79=
7n5O4ZLti2n951ifj-2FxD-2FSwEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLu=
D-2BaTJmk6o9y1J9L5BkfKgVtdS-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA=
1dtlVBI0ym-2FSiixSUVfL0W0qDyQxm6TTbdbUsQEiG-2FfVis9dYXevgMZaGgtwQNKhmhybAA7=
gn53Y1GYWynWQPocdW-2FvISkoh5RrNh40WCVD5Tp-2BYO6KWFc92Zmp4LAQ207Ck050yheXsWQ=
94jOgztXZo2SHFC3-2Fx5NqfCMV1HZ3NubE3Bz8S2Uv2m7L4ApUp9Z7HeS9G3XgNplwvdzlUfg5=
qLNUsVqHLKAI9p2rFZLpmxzi8kUk7VkjKXZmF0poaIwm-2B1oXTiizFMWuttSD6Ipib4w-3D-3D=
" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https://img.pit=
chbook.com/news/71537.jpg" style=3D"border: none; max-width: 420px;"> </a>=
</td>
</tr>
<tr>
<td align=3D"right" style=3D"text-align: righ=
t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;=
font-family: Roboto, Arial, sans-serif; font-weight: 300">(Prasit photo/Ge=
tty Images)</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Boston=
-based PE firm Abry Partners is raising as much as $1 billion for a continu=
ation fund to extend its control of Centauri Health Solutions. What was Cen=
tauri's enterprise value when Abry originally acquired the company in 2020?=
<br><br>
A) $325 million<br>
B) $525 million<br>
C) $725 million<br>
D) $925 million<br><br>
Find your answer at the bottom of The Weeken=
d Pitch!</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>ICYMI</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">A sele=
ction from the past week's most-read articles.<br>
=20
<ul>
<li><b>With data center investors showing lit=
tle concern about exits</b>, skepticism is growing about the future of hype=
rscalers' ambitious AI training projects. <a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzUltnM3um4Wmj6hFYoItwYDFabwl4dul-2F-2F7YGQzo91nsw-3D-3DwS6b_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRXi0QUMsfE6yeLiUrT=
nY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797n5O4ZLti2n951ifj-2FxD-2FSwEtzWdydRVYq=
jJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2BaTJmk6o9y1J9L5BkfKgVtdS-2FusTz0JCE=
avk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1dtlVBI0ym-2FSiixSUVfL0W0qDyQxm6TTbdbU=
sQEiG-2FfVis-2BMBtppC4t78khW7dhUdHsi2Hpt2jWjcMDE9Sz4TbxEVRk1qyv8u5T8vIPxEMX=
7O96LrOj3Wuknw8avnk-2Bti5yeZ7ka-2FY3Cbz9-2FgiceyVjo5oSzxsWN4K0sV15oUkTP5YBX=
x4il6-2F0DIY-2Fw5x8ed0t3Ql2qA9-2FARpRKMU-2BwrAO0E0knvaOT7haCKAmdrzGH5cQ0mcG=
KF-2BHT7yds568lcmXC0fFg138Fdm9ACdQYamOOug-3D-3D" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true"><b>Read the full story</b></a><br>
</li>
<li><b>AI is coming for drug discovery</b>, a=
nd VCs are paying up for it. AI biotech companies raised $3.2 billion throu=
gh September of this year, according to PitchBook research. <a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzUltnM3um4Wmj6hFYoItwYDR-2Bu80OiXHOC681ZFNEKOrg-3D-3=
DTi0q_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRX=
i0QUMsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797n5O4ZLti2n951ifj-2FxD=
-2FSwEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2BaTJmk6o9y1J9L5BkfK=
gVtdS-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1dtlVBI0ym-2FSiixSUVfL=
0W0qDyQxm6TTbdbUsQEiG-2FfVis-2B-2BE-2FnDf9XRMgpSaY2z0RrJ4ZsqaJJ2iTdKhd6smNk=
-2FZdGBQKuiz-2B15byBAfn8J3eVDd0V2-2BzsuSXGBCNQXaHefM-2BFfLrmK-2FG7l-2Bg2XQv=
9EUdYP2jzWFJbXnW6JHLIjNJ8qfAE3I4Xn-2B7Gw-2BHwF9Z-2FEBgrb9ALw5m-2BLUZCXzsAm5=
k2sYwfDUDNOUIiplHqJ4fhv1me34AqHI7G2c6eg12OgoZ9qCtBCL6UEHAA643rYOA-3D-3D" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Find out more</b></=
a><br>
</li>
<li><b>Rosberg Ventures, run by Formula One c=
hamp Nico Rosberg</b>, is eyeing a $100 million fund-of-funds. The firm clo=
sed its first vehicle on $100 million about a year ago. <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUltnM3um4Wmj6hFYoItwYDJOGU79ExxUbhr3eBeSC-2F9w-3D-3Dm90=
U_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRXi0QU=
MsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797n5O4ZLti2n951ifj-2FxD-2FS=
wEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2BaTJmk6o9y1J9L5BkfKgVtd=
S-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1dtlVBI0ym-2FSiixSUVfL0W0q=
DyQxm6TTbdbUsQEiG-2FfVis-2FFyira6MSEebnOFpD6ismacj5gSLKRHgzzn-2Fhx-2BdOXi2x=
JnQ-2B-2BnX1kVHTtp8gF2q7Fdwa4magShrKzdhNccGJSm-2Fpci5PIeDxu-2FychrJBj2261EH=
JJBGcOTsCX1FEzbrwa80o9bHFXEDzl5B55hn3YfCpMucAMI677Zuwt7CpL4YKOgwTilWZxqb1-2=
FwrXJw8BQ4wCy4a0lOelY1v8GZwpTEr5FNg-2BPLwMIf00K4MZzVg-3D-3D" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b></a></li>
</ul></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Quote/Unquote</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">"These=
acquisitions do make sense, both for EquityZen and Forge. They are playing=
in this niche market, where they're democratizing access for venture capit=
al. And what's been happening with the almost four-year-long stalemate that=
venture's been in is that there are a lot of players in an increasingly sm=
aller market on the top end."<br><br>
=E2=80=94Emily Zheng, a senior VC analyst at=
PitchBook, discussing an uptick in venture secondary transactions like Mor=
gan Stanley's acquisition of EquityZen and Charles Schwab's acquisition of =
Forge Global. Read more about major banks acquiring VC secondary specialist=
s <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXMWaSq27fYNUZWnaN1nodCKV199-2F6D4e=
6jcV1eEddrtQ-3D-3DwELd_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4=
3kbMcVf8UYA68NVRXi0QUMsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797n5O4=
ZLti2n951ifj-2FxD-2FSwEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2Ba=
TJmk6o9y1J9L5BkfKgVtdS-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1dtlV=
BI0ym-2FSiixSUVfL0W0qDyQxm6TTbdbUsQEiG-2FfVis9VibCvZAyySthr6R7YsL5MDaJLmoNa=
eFs35HHT0gyEIo1tRI12hoXyveiL0cjsb6oj1jA-2Fm6hULKGzsICnPIHjAuVLs3VvcijP-2Fxk=
Mjx-2FSqJtT2zoPh8P-2BIC9qWt41Knnu2hbsf5lrkBWji8hPixeqLKQx9TDxTEokumPfebI1k8=
luZXYSuw0L9AXaetcicc1HnJycJJc01Ki5DXhsgu1Wv66vrltqlym-2Ful2yADBPYX0SDlAoiHN=
R-2FSPTU4dvMGA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><=
b>here</b></a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Stay tuned</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Keep a=
n eye out for these insights and research reports coming out this week:=20
<ul>
<li>Q3 2025 Foodtech VC Trends</li>
<li>Q3 2025 Global Private Market Fundraising=
Report</li>
<li>Q3 2025 Emerging Tech Indicator</li>
<li>2026 US Venture Capital Outlook</li>
<li>November 2025 Global Markets Snapshot</li=
>
<li>2026 Healthcare Outlook</li>
<li>2025 Japan Private Capital Breakdown</li>
<li>Q3 2025 Pharma Biotools VC Trends</li>
<li>Q3 2025 Aerospace and Defense Report</li>
</ul></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Trivia</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Answer=
: A<br><br>
Abry Partners originally acquired Centauri H=
ealth Solutions in 2020 when the company had an enterprise value of around =
$325 million. Read more about Abry's $1 billion continuation fund for Centa=
uri <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUltnM3um4Wmj6hFYoItwYDgjs-2F9BIS=
mqIZoJPkqFX-2BMA-3D-3DnJ_u_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRXi0QUMsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797=
n5O4ZLti2n951ifj-2FxD-2FSwEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD=
-2BaTJmk6o9y1J9L5BkfKgVtdS-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1=
dtlVBI0ym-2FSiixSUVfL0W0qDyQxm6TTbdbUsQEiG-2FfVis8Y-2FS7rEd4Ynsk43SuOEaiX60=
ZQr5-2FU6oNZMPEes7rDF71Cb-2B7bW3zAM1ZQTss-2BKHb2sJl8XcS8B4-2FM1IZaicOg24zam=
-2Bgl4Yec9BcVczEZDGKeB0QpRl4ADZlUMUdNrLD6X-2FcxgZ-2FRKj0T3DEb97M8NnCMngvumT=
Fc-2FziKM8GNvEPNQvAe0FREtZxaR6KXKMQVPvg88pNRdAnmNHOj2qwXKoq942Te0CxgZmxg5LH=
Bg-2BISTkHLw0dlpy3RD9nJADk-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true"><b>here</b></a>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<center>
<h2><b>Sign up for our newsletter</b></h2>
</center></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">This e=
dition of The Weekend Pitch was written by Rosie Bradbury and Nadine Manske=
. It was edited by Heather West and John Moore.<br><br><em>Were you forward=
ed The Weekend Pitch? Sign up at <b><a href=3D"https://url6380.news.pitchbo=
ok.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXMWa=
Sq27fYNUZWnaN1nodC6NR2lGW2FZ5bl-2BjX0ByR-2Bg-3D-3Dca4F_Pr966knuaHmaw6c7pKvB=
-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRXi0QUMsfE6yeLiUrTnY-2FioWyg=
onDQS1kdbr66NErCQA3LNWDzO797n5O4ZLti2n951ifj-2FxD-2FSwEtzWdydRVYqjJfrMSQ-2B=
9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2BaTJmk6o9y1J9L5BkfKgVtdS-2FusTz0JCEavk7DtCFJ-=
2F6U167F9ZdJOrYkfzvEtry2XvA1dtlVBI0ym-2FSiixSUVfL0W0qDyQxm6TTbdbUsQEiG-2FfV=
is9U1D4rk-2Fpt69I851Q-2FNunv-2BH-2Fk-2Bmx9htZXO1NNeClPT7M-2B7x4ekhjSbq9jDEB=
eh9o6OLwOGtuMe9fPLOWG6utnyedytp92A2eCLITi9fnV80SVRGgP1F6SXzcUT0V0BflBwyNf-2=
B3XKHCi1KuhNOQyW1J1hkMllp94XZzOESIjJv97M5AuelnZTqJIArlLBUu0xbePJTBp7kGHzzom=
lmudZGqYGaib-2FOModVqQn-2FMY6UbeSXSYPzj0mX10wrP24aJ4-3D" style=3D"color: #1=
D5080;" test=3D"">pitchbook.com/subscribe</a></b>.</em></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td>
<table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"width: 20px; min-width: 20px;"></td>
<td style=3D"padding: 10px 0 5px; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td align=3D"center" style=3D"font-family: Roboto,=
Arial, sans-serif; font-weight: 700;
font-size: 14px; line-height: 27px;=
color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce yesterday, the PitchBook Platform added:</td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
<tbody>
<tr>
<td style=3D"display: inline-block; width: 32%=
; min-width: 32%;
text-align: center; flo=
at: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
9
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Deals
</div></td>
<td style=3D"display: inline-block; min-width:=
32%;
width: 32%; 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;">
172
</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: 32%=
;
min-width: 32%; 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;">
131
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Companies
</div></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"height: 25px; line-height: 25px;"=
></td>
</tr>
<tr>
<td align=3D"center" style=3D"padding: 0 133px=
13.3px 133px;"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn=
:schemas-microsoft-com:vml"
xmlns:w=3D"urn=
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</tbody>
</table></td>
<td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">=
</td>
</tr>
</tbody>
</table></td>
</tr>=20
</tbody>
</table><!--[if (gte mso 9)|(IE)]>
</td>
</tr>
</table>
<![endif]--></td>
</tr>
</tbody>
</table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0pOyd=
C_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRXi0QU=
MsfE6yeLiUrTnY-2FioWygonDQS1kdbr66NErCQA3LNWDzO797n5O4ZLti2n951ifj-2FxD-2FS=
wEtzWdydRVYqjJfrMSQ-2B9YEPOsFJfiiSA4IB-2BGqKjBZLuD-2BaTJmk6o9y1J9L5BkfKgVtd=
S-2FusTz0JCEavk7DtCFJ-2F6U167F9ZdJOrYkfzvEtry2XvA1dtlVBI0ym-2FSiixSUVfL0W0q=
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grCMcxVdB-2BBmwCVWFtluf1ALLvPSp-2BS0ndH6C7Q5GlVW-2Ba6RL-2FGaCYVC-2Fb30-2Fse=
YixGvFejMa3xuFLlhidQQvbo3CwCLBtDGBIFWqkNqOCTdXor8RGR9p7XLgcs0pZFwiyzNmBgmA1=
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k-3D" style=3D"display: none"></a>=20
</body>
</html>