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Content preview: PitchBook Newsletters Funds-of-funds aren't dead, but they're
different; Revolut's outsized round steals the spotlight; biopharma VC sees
recalibration February 26, 2026 | Read online | Manage your subscription
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orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa=
n></td>
</tr>
<tr>
<td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, =
VC and M&A</span></td>
</tr>
<tr>
<td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p=
rivate capital markets</span></td>
</tr>
<tr>
<td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb=
sp;</td>
</tr>
</tbody>
</table></td>
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<table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor=
der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im=
portant;">
<tbody>
<tr>
=20
<td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma=
x-width: 460px; padding-left:5px; padding-right:5px;">
<table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"=
0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"=
>
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<tr>
<td style=3D"padding: 0;">
<table class=3D" " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
">
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<td lang=3D"x-advertisement" style=3D"padding-bottom: =
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<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%;">
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<table border=3D"0" cellpadding=3D"0" cellspacing=
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">
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<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%">
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<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=F0=9F=
=8F=B9<b>Revolut just keeps rising</b>, announcing Wednesday its plans for =
another share sale at a $100 billion valuation. Outsized rounds like these =
put the spotlight on B2C fintech, but in reality, enterprise startups saw a=
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkjahGPM2I9NA3rKcgn9h7QflmLYxVEA=
o-2BmpbJNYH9SA-3D-3DDBwO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFO=
y6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6Ya=
GkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2F=
FImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhaQmrV9IVhig0W7U6vk13OstmkvK=
E2yZpPciAiWyxQbRjaD5hTg3V5cV1-2BDO4o1tqmuvfQTCfSSSD2iNnL105uWEFpNuRMq1Bh9Wh=
9dF5yFhur9isn19REMPtsOJv1Pc7FEdy3033tfLvikjgOd-2BbOTcP8mGhnZlSGIUuLCOoj2Zbh=
gkE-2B7cRfk4n92UEzkvu1cTGEeEEWZRhi0Luq-2BUZAXmNMbYNr7FX41jrX22F3uropk1zLghn=
QnP8LzzKqwsQ6ROfJeTULfGR3fSmCLUKn" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">higher number of VC deals in 2025</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>
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</table></td>
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</table></td>
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20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
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<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_578015" id=3D"n_578015" 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;"> AI jump-starts healthtech VC i=
nvestment </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Brian Wright, Lead Healthcare Research Analyst</i><br><br>
Oura, the Finnish maker of the popular healt=
h-tracking ring, made a splash in October with a $907.7 million Series E th=
at more than doubled its valuation to $11 billion.<br><br>
The deal capped a broader revival in healtht=
ech venture funding, according to our <a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzUkjahGPM2I9NA3rKcgn9h7Rynh2iV0Htmmt4dI3ZIV-2BA-3D-3D89np_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lk=
kk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2B=
U4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdw=
ctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL=
0EfXDvgRHy4v0SjZnMe8furkmOplqtBO1QMumN4JoQ3KKPyaUNHqEV7iR94qfGVvL-2Fr8551p6=
SkiNwKg-2Fsyl1x2HZib4epNAXk0qXN9Burgmf9lbxOR3c6nzTrYCJXS-2BiDea4XxYr1375SSX=
-2B4n7UoV0JT8tQN6ScgwFoUB5vGkRanSZ4GuHT4FjS59McdZbt-2F6tO50CzwDERFA5EaAZXoL=
0ZEJ9k617LqAcpwe1lo3KhAkjzHD81XuPnPJU9X25zUUqsH1vC14QXsKwisCZ38kk-2FLX5" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Q4 2025 Healthtech =
VC Trends</b></a> report. Startups across telehealth, digital care, analyti=
cs and revenue cycle management raised $15.3 billion in 2025, up 26.1% from=
2024. Q4 funding reached $3.8 billion, a 31.7% year-over-year increase, re=
flecting sustained investor appetite=E2=80=94particularly for AI-enabled pl=
atforms.</td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkjahGPM2I9NA3rKcgn9h77Ylpk7w-2=
FBQH3XjOksQya-2Fg-3D-3DWBnz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjX=
OFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb=
6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo=
-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvicQ4KV0azBVqqCHa3mAi-2BEI=
SED9Fj0tsen-2Fda-2FCUZlX2DcIY5vD3Na7QdUAluqYB6ib54cpxlhn1YuVvU1gYTN2VT3mpbA=
l0PBDgnceHr4iUIGDxvyw8Vp3qKutTEbZ1xUiG-2FoItb-2BIJJWGh6RYkQRjGMx1ggnl2Nv-2F=
0FgmReEDi0PRB2PcOVITbwsiUmz-2BGN-2BLqQ64iZ420xrL4sF1U6pqVvS77vYDsSU1qi9izFY=
pmxFulPfY37K6vU7-2FhS9EMOi6aTr9MJIeqS-2BvfOcrSmE" universal=3D"true"> <img =
align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/72959.png" =
style=3D"border: none; width: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></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">Analyt=
ics deal value jumped 171.2% year over year, while electronic health record=
s and clinical information rose 96.3%, as investors backed tools that impro=
ve clinical decision-making and data management. By contrast, digital care =
and revenue cycle management declined 12.1% and 11.3%, respectively, though=
we expect both segments to reaccelerate in 2026 as AI use cases mature.<br=
><br>
Mega-rounds defined Q4. In addition to Oura,=
OpenEvidence=E2=80=94an AI copilot for doctors=E2=80=94raised $200 million=
at a $6 billion valuation. Hippocratic AI, a marketplace for healthcare AI=
agents, and Function Health, which monitors health through lab tests, also=
secured sizable financings at multibillion-dollar valuations.<br><br>
Pricing power strengthened across stages. Me=
dian pre-money valuations climbed to $31 million in 2025 from $26.5 million=
in 2024. Early-stage rounds saw the sharpest gains, with valuations nearly=
83% above the prior three-year average, reflecting what investors describe=
as a persistent "AI premium."<br><br>
AI investment concentrated in clinical docum=
entation ($1.2 billion) and provider education ($776.6 million), led by amb=
ient scribe platforms and OpenEvidence.<br><br>
Exit activity was more nuanced. Although tot=
al exits hit a record 141 in 2025, aggregate value remained flat at $5.8 bi=
llion, suggesting smaller deal sizes and earlier liquidity events. IPO acti=
vity improved modestly, with five listings=E2=80=94none in Q4=E2=80=94setti=
ng up 2026 as a test of public markets' appetite for healthtech's AI-driven=
growth story.</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">
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cing=3D"0" lang=3D"x-content-btn">
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<tr>
<td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzUkjahGPM2I9NA3rKcgn9h77Ylpk7w-2FBQH3XjOksQya-2Fg-3D=
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<td style=3D"height: 25px; line-height: 25px;=
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</table></td>
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<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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<table class=3D" " lang=3D"x-news-=
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<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
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lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkjahGPM2I9NA3r=
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CLq-2BzFq7-2BBSfc8qzCgwZjbB8vzEZvJWXGY2muVBLNdxxf7W3DQ480iezsba6V6sRu-2BV-2=
BQU9bUglfyXy7JIY473U2PJ197gHv8BdHTHYSHsXtn2MuSuBjtjGhK911a-2BJoeuEhvIde9nn6=
hpskleihtxLvtAUuQVI18xY6nG8TElF3Qhmwe8nXlHAwcAceyiRxG4uu5jyJzL-2FautOH9bxHm=
rvJYIff1BfyPFseI-2FL9bO1NPuKN9e7aUabY8Mv3Aa5Xs4LfA1zdY" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">These 10 VCs are betting the most on he=
althcare AI agent startups</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 Philadelphia Alliance of Capital & Te=
chnologies (PACT)</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_577939" id=3D"n_577939" 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;"> Philadelphia VC market isn't e=
merging; it's executing and building value </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-2BaqM7ONnvsnswouzUkjahGPM2I9NA3rKcgn9h7MunyYGTUtrV-2F2=
tRBWJfn9g-3D-3DQu_l_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr=
3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIU=
dVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-=
2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDviUHjIfvJhjsnNR-2FL-2Frik6vsI1e5uc=
jDChZ7ZHV9SzWe7oQjR68bFsveofceBpMt6QVuw1-2FDOx7FaNx25EQLmV1xkcmjPhe0oL1J1rj=
FSnYVMEQVImOfabZ7coDhId-2BHq5BF-2FxhElFO9DVSZNgx4hHM8l93TS6ba09m0QdgWt6U89r=
EgtPeOunfM2SEBg3n5Ja3PDU7f4jhMYzsLsok2J78EvXQTszqwZH0dpHzI36nXnObhwuGR7mwLw=
xMBzG9tW6xaFHjdPEk7AA5SW-2FGovMa"> <img align=3D"center" alt=3D"" src=3D"ht=
tps://img.pitchbook.com/news/72934.png" style=3D"border: none; width: 100%;=
height: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>Philadelphia has climbed to #10 among=
the world=E2=80=99s top startup ecosystems. With a resilient early-stage f=
oundation and accelerating growth-stage momentum, the region is proving it =
can compete at scale.<br><br><a href=3D"https://url6380.news.pitchbook.com/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkjahGPM2I9=
NA3rKcgn9h7MunyYGTUtrV-2F2tRBWJfn9g-3D-3DTZGf_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy=
6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFn=
r0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAx=
V4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvg70sayp=
bd8rAHhsIgqUErhbIJ95qnI-2B3pp5clC0Upoq2xICgONsC-2B39oENx0CahxR9l1toSY4gffQ-=
2BierLTyqHrpvvjq8K-2Bf46FBaRoHF7uTAyEKDRwswDCYHVXx-2BIYaf2frzh0LMKod7O4ZXMi=
EKxQGdlcl6PGXuG7n7URYZsFDP2uTOx0UiBi-2FfU8SaeY3bn5dBPtoO4rvjLVxzBJckCrfhmPg=
g5x2FDWJRt-2F-2B3KcbXk9AfHMan1ba9As44ptaSG7OUccvQGTSt7oFIg7kNX" style=3D"co=
lor: #1D5080;" test=3D"">If you invest, build, or lead, this report is for =
you.</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>Biopharma's VC reset</b>: Deal share has ebbed as median round sizes=
have surged amid a recalibration in the early-stage biopharma landscape. <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVshVFYg5ZR1WYAL25qEzJhZ-2BDsd7m29dM5U=
-2FT1Ygr7kw-3D-3DXqYE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6Y=
Sr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkM=
IUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFIm=
y-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgz88MroLE9LRqaYSxp7oELNOQG-2BYr=
FJq-2BJZ5mPTZj2bUHNTstUX7GC58SxWqoONSLc750UeQDi3Ec3wgGmXUzLXeC7LcDadSZIs447=
xBGYrGHeXtv2ujuy6zHwM57lBa6Fe3NQvgJdDKYD7yjp7PotTJdrqLw0gxtoueY3a9MRjO05X8C=
OfGwsNiCNfpf2eIWOEjAjKy2tlfn0JCduhOq9gLLKAtgDU7q-2B-2B2Nlf6ojd-2FsxZQ6p-2FW=
YftBgm1hhA2K04yYQmHQu-2FCwWN3Xej7-2BpO" style=3D"color: #1D5080;" test=3D""=
universal=3D"true"><b>Read the report</b></a><br><br>
=E2=80=A2 <b>Is Anthropic=E2=80=99s new tool=
the death knell for AI legaltech?</b> The LLM giant=E2=80=99s plug-in for =
legal teams has tipped the industry on its head, even as AI legaltech conti=
nues to rack up capital. <a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVshVFYg5ZR1=
WYAL25qEzJhz-2Btuzl-2FZplImPxg92Vdwnw-3D-3DMXr5_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRar=
oy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LC=
Fnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MH=
AxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvi37FL=
s3APuEccdafQZdaTXI33FiuYLuicoGONJsoGIlOXK-2FcD-2Bq7rkG3NINHduERTEBZX5KxFxfH=
So4Chclzh2ycASKx5WP9EpAAgRqp-2FcE5vYuMmf4I1hWKlZVNzcJKFp846cIPeVtMA-2B-2BJn=
EnTYd-2B0yy-2F8Gvun8OMLlqOpmodXvG3xtJK47GnVnevhdKELNz2dkeIcXkoZDJrJtn5jfqxK=
i9ankMvZ9PeiXxOw20cnkE6BNbiS1ldpwVRQpPWwGLiud6PqnX607iysfypUnG" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b></a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_578004" id=3D"n_578004" 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;"> Funds-of-funds aren't dead=E2=
=80=94but they're different </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Jessica Hamlin, Senior Funds Columnist</i><br><br>
Funds-of-funds were once the most popular ac=
cess point into the private markets. Today, it=E2=80=99s hard to find a man=
ager who uses the term in its marketing, opting for the phrase "primary inv=
estments" everywhere except regulatory filings.<br><br>
Commitments to funds-of-funds across asset c=
lasses have declined steadily since 2020. In fact, 2024 was the strategy=E2=
=80=99s weakest fundraising year in over a decade, according to PitchBook=
=E2=80=99s Q3 2025 Global Private Market Fundraising Report.</td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVshVFYg5ZR1WYAL25qEzJhcjcZpsXqW=
lmGagbb0hpbnQ-3D-3D5CCR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy=
6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaG=
kMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FF=
Imy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvjTDc2-2FjldASJT85hsEdAV6ImjBq=
y-2FQwtE3V84QB2JNpSZu6xJZufCI1Wz6cUMOX-2FEYwv7exkuEkfyCMj1T9A08zmRekN7zQgoU=
a4iz2c2emt365D3Jt-2BHE4n2B5aPFH-2FIf9rtRwiGFtkXhp93rTfNQrJVEmOdaJIwcUMFFon9=
YlhGFnbbYb91-2FghRxi7rd2zZjZGB-2FGfU7vi7AstcezIneU9NhWkMfZw1OrLX3KgelouTB33=
KCNcTCtMWg8u9rl64vkewtzpqlzlobQY5il222" universal=3D"true"> <img align=3D"c=
enter" alt=3D"" src=3D"https://img.pitchbook.com/news/72963.png" style=3D"b=
order: none; width: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<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-2BaqM7ONnvsnswouzVshVFYg5ZR1WYAL25qEzJhcjcZpsXqW=
lmGagbb0hpbnQ-3D-3DVYu0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy=
6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaG=
kMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FF=
Imy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvj9U82qCzrcwM6-2BvJlOZpezHozHY=
89getMc-2BA-2BcC0iJYB4awfeDhBXwfmrBMOH5JT6LgEO1ZjdLVq3uPM0g0A6TernMF3RMU6aN=
pNqLQ5SHyXMBibeEX8-2Bb1IQtr8GSh1Db1WfhxeUOCUfDBWrdGjiMXPWUtgxHxZ0zPDaaVOP9a=
RI-2BRLdPtTOi-2FRwIpC89ifG7UuDmr30-2BSPL9xXvLmNz4H84q-2FAPeU2gyxmfOOl0H9Stf=
zOFOGZ1MDTHlssMRF-2BaFC9KYnmxf-2FvfALHhEE0q3" universal=3D"true"> <img alig=
n=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/72964.png" styl=
e=3D"border: none; width: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></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>
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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">This i=
s partly down to their weak cash returns, even compared with other private =
funds. From 2008 through H1 2025, the historical average distribution yield=
for private equity was about 24%, 25% for private debt, 22.5% for secondar=
ies funds and only 17% for FoFs, PitchBook's latest Global Fund Performance=
Report shows.<br><br>
It could also be said that these structures =
fulfill a need that is no longer acute in a mature market: giving LPs that =
initial private markets foothold.<br><br>
A closer look suggests the decline might not=
indicate the death of these vehicles, but rather their changing shape.<br>=
<br>
Some managers have added secondaries and co-=
investments to their asset mix in order to accelerate liquidity to investor=
s. Meanwhile, as fundraising for commingled funds-of-funds has fallen, the =
number of limited partners seeking to open separately managed accounts has =
soared.<br><br>
"Everybody's just building their own fund-of=
-funds for themselves," said Miguel Gonzalo, partner and head of investment=
strategy and risk management at Adam Street Partners, adding that the firm=
's proportion of assets held in SMAs has more than tripled over the past de=
cade.</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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<table class=3D"" cellpadding=3D"0" cellspaci=
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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">
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<table border=3D"0" cellpadding=3D"0" cellspa=
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0%">
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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><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVshVFYg5ZR1WYA=
L25qEzJhjLfUPug7xGwups08TnTDJg-3D-3DKH7K_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4=
xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH=
-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6=
amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvip6O0rc6z5dx=
8YJzic646ikB2CM1QEa64XvY-2FeiwVO8dNGbWf8lwdD9FnJ954TIa1OOLFlqLSgEjVe1bTA1jS=
ZIkkMpoJqq3qP4kYt-2FAkIGddc0stgY1-2FAaFk67gztKcX94-2BLevbz7uNWntuIyB0wgYrBr=
lviI3kvqA-2B1ehZZoubkrgCocEH4ljUBnHPP9glIMMVgv6fxnvB4XujB-2FHkfJPK59masjw1O=
Vp6X-2FzzNGxhqdQEajncfy3PzqlMyjiwLGEw-2BfZeY7-2BB4A1NWURVpk" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true"><b>Q3 2025 Global Private Market F=
undraising Report</b></a><br><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVshVFYg=
5ZR1WYAL25qEzJhq7krrqNps67Ipwtuj6q4GQ-3D-3DfruV_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRar=
oy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LC=
Fnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MH=
AxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgY7-2=
FiRrMlTA3548DK6OJBcGI5PrIXj4BTS2F8MYSXQTaL29AQHlIJplesvWjyiLrHbsP8JKSAwntnu=
LUJis551AKTIpiMgNDQ2-2FfvlHOKuiKM8sSUoPTIG64iokMWO1Off-2FmyCIxV9iGIGvhgS1W9=
b7WOZJIlcbuIsvDjgPwFxs-2F6rfyyJ9tVUN240ENTGX-2FmYLDDw0G0Z-2B7-2B-2FDdZ-2BAf=
nTen4Bfewbyv9FNpqbjJHBRqyZ9nRXxw-2FztgJPDLlyXsTLwA4VZdIZVbzuHZc5O440" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Q2 2025 Global Fund Pe=
rformance Report (with preliminary Q3 2025 data)</b></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>
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</tbody>
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<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
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min-width: 100%;">
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
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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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<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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<tr>
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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>DeepSeek isn't showing American=
chipmakers its latest model.</b> The Chinese AI lab may be the first to di=
splay a strategy by Chinese companies aimed to place models and hardware fr=
om the US at a disadvantage. [<a href=3D"https://url6380.news.pitchbook.com=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVshVFYg5ZR=
1WYAL25qEzJhPGsA6NR1VWOaLFAjDPF-2BvQ-3D-3Dop-c_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaro=
y6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCF=
nr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHA=
xV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvj7-2BR=
wGlqcdGHlTUzHo98oT6G1A5TsF0b2Em-2BhVHnSq2sk-2FtT05Us7Md5uFF2h-2Ba1UPcTuSpNI=
CbbkCFlQBNNHibUuwGaBM-2FQK8hOgzLOkOb712NmQFXfDxXstLdImMuhS7JZK1VA2eIPfHFye1=
FqdkOYOUlau-2Fw1XoVuM7ezUspsO5ji0MVKGJkJ8o-2FBuSnK5n0pqYn6XUplBgAOaqoArqAWC=
ZkZ63L2ORa38noO6zdLEP318CsDfTSKeya-2B5qaRzMajw15PGBEpA8OtrCJDTi" style=3D"c=
olor: #1D5080;" test=3D"">Reuters</a>]<br><br>
=E2=80=A2 <b>PE is finding success in sports=
, but one Ares bet left the firm short $400 million.</b> In an ongoing feud=
with investor John Textor, Ares is trying to claw back the investment it m=
ade in Eagle Football Holdings. [<a href=3D"https://url6380.news.pitchbook.=
com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVshVFYg=
5ZR1WYAL25qEzJhV7dZG2MTNd2vcQjPUDWpgQ-3D-3DQgP8_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRar=
oy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LC=
Fnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MH=
AxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgfmCf=
wlIYQ3zkhZQWQ-2FEfYrtF-2BChBb0Us-2BsNDhM4hxLY6L66uusU8V-2Fb0fK4aP31AYnMcEE6=
GRC-2BjWBNIlDNjkgOgO0wuxj1OTHnuMuWh9uieVGkVtvfs-2BLqc1kklP-2BmV-2FI5ropNodD=
AahgIwriko2WZZ8-2BeRweCPoDQ8CMZJx4aQlxRnJkrg0Lt5iz51XgO9xyG7fFNBXxxRRAxz4uc=
Ol9VZSZ5m5DKPeAp31Hpe2SWJ7mEaz9MnxdxJflG9SfwXg1CeRZnjxyZcWwH1Rvs0-2F" style=
=3D"color: #1D5080;" test=3D"">Bloomberg</a>]<br><br>
=E2=80=A2 <b>PE=E2=80=99s takeover of life i=
nsurers has turbocharged the growth of opaque private credit markets</b>, r=
aising fears that mounting, hard-to-value risks could threaten financial st=
ability. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVshVFYg5ZR1WYAL25qEzJh-2B2LUN-=
2BJak4AVnjADoR2mHA-3D-3DqAMX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwj=
XOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TS=
b6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLg=
o-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhXdOgP8o4aBJfapX-2F3PfED=
qAYCWvbeMXwzV4BctGrzAsd-2Bz-2Fd5bos-2Fw3q4Pg9XwYpXwPA-2BdiTbvAj-2FQ7TUlECBF=
7VROD8FhhUZXRWYpGwGSbnAIBf-2BHHRSfRMPX2Onx1MIc0TlmYb9RZJr8lxjA8PvLKsdVRuOsI=
twreiraqwUlYXmN-2F6u4G01MBvCi-2FqT5rkKd9K5DwWl7hhYA8ZdhlP483pJLxMvYjFUDeHi1=
CGagP-2BvwL7NdD9nCi0S7tuUO6C-2FWI176cER25-2F8-2Fl-2BESG1G" style=3D"color: =
#1D5080;" test=3D"">Financial Times</a>]</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
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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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<table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
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dth: 100%;">
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Arial, sans-serif; font-weight: 700;
font-size: 14px; line-height: 27px;=
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<td>
<table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
<tbody>
<tr>
<td style=3D"display: inline-block; width: 25%=
; min-width: 25%;
text-align: center; flo=
at: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
669
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Deals
</div></td>
<td style=3D"display: inline-block; min-width:=
25%;
width: 25%; text-align:=
center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
2645
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
People
</div></td>
<td style=3D"display: inline-block; width: 25%=
;
min-width: 25%; text-al=
ign: center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
962
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Companies
</div></td>
<td style=3D"display: inline-block; width: 25%=
;
min-width: 25%; text-al=
ign: center; float: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
19
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Funds
</div></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"height: 25px; line-height: 25px;"=
></td>
</tr>
<tr>
<td align=3D"center" style=3D"padding-bottom: =
13.3px;"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn=
:schemas-microsoft-com:vml"
xmlns:w=3D"urn=
:schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria=
l"
style=3D"heigh=
t:43px;v-text-anchor:middle;width:148px;"
arcsize=3D"50%=
"
strokecolor=3D=
"#F79B3E"
fillcolor=3D"#=
F79B3E">
<w:anchorlock/>
<center style=3D"color:=
#000000;
font-fami=
ly:Roboto, Arial, sans-serif;
font-size=
:12px;">
Request a free tria=
l
</center>
</v:roundrect>
<![endif]--> <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVshVFYg5ZR1WYAL25qEzJh3NNRS7xgL3U-2B59rarB2ILw-3D-3Dc=
Mok_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLh=
NGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcA=
ZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCn=
wyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieUL=
ZCL3fcXyySEEFCQrnTFL0EfXDvieLZ-2FF9eupN5E1htEMTxmr3fIWS7zc84zutg0EeCJso6po4=
yz-2BjK4d4Z9mYE-2BKlS78WJSgsFkzcQcbdDTUw4Sru9RHEQCD0iI-2BcjYhAZMI7jbW0xm1mf=
te3Ln8V5v7TWSxddIV3dtIzbcD8BJDC-2FOSnQRNMb5wFUlpRbEY9RkROWIAlX6-2BX54QV6b5L=
136nS4n967ZAG5k33EtXdvR8Y4YeISuoDQe1dhHoo9XKkVBB6FD4pGsxT0mfff3NML4D-2FTJ1y=
JEMvevyVmnHvtZx9Jy" target=3D"_blank" style=3D"display: block;
font-family: Robo=
to, Arial, sans-serif;
font-size: 12px;
color: #000000;
text-decoration: =
none;
line-height: 24px=
;
text-align: cente=
r;
padding: 9.5px 21=
.5px;
border-radius: 99=
9px;
background-color:=
#F79B3E;
width: 150px;"> R=
equest a free trial </a> </td>
</tr>
<tr>
<td style=3D"height: 25px; line-height: 25px;"=
></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td height=3D"20" style=3D"line-height: 20px;"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_577958" id=3D"n_577958" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
<table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
<tbody>
<tr>
<td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
font-weight=
: 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2019 Vint=
age European Real Estate Funds </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
<tbody>
<tr>
<td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
</tr>
<tr>
<td style=3D"padding: 0 0 20px 0;">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 80.21390374331551%; mi=
n-width: 80.21390374331551%; max-width: 80.21390374331551%; background-colo=
r: #1D5080;">
<tbody>
<tr>
<td align=3D"right" style=3D"padding: 0 4px 0=
0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">6.00%</td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR </td>
</tr>
<tr>
<td style=3D"padding: 0 0 12px 0;">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
max-width: 100%; background-color: #40C2C9;">
<tbody>
<tr>
<td align=3D"right" style=3D"padding: 0 4px 0=
0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">7.48%</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; padding: 0 0 30px 0; float: none;=
">
Median DPI
</div></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co=
lor: #000000; min-width: 100%;" width=3D"100%">
<tbody>
<tr>
<td height=3D"22" style=3D"padding: 0 10px 0 =
5px; line-height: 24px; font-size: 14px; font-weight: 700;
font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe=
rs</td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
<tbody>
<tr>
<td height=3D"22" style=3D"padding: 15px 10px=
0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzUgYuI4hquKz-2FREanJtI3gmYURiBAd-2BNosMT-2FmzTetMGg-3D-3Dnpt2_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7a=
rVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zs=
qnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8=
vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEF=
CQrnTFL0EfXDvjCRb6AZSH-2FCmJXkpYivjLV0G46AOZlhYDIB5102crYbUyHQTt5RFvLM4QQRX=
GfvDRFbnPkwhOPd6VELq-2FyiKlKPfxvZO6JqZZUl5MleMO84kO7zoRWzo6NG0R6YxG4l8XPpkI=
i2R2JqNnE5bP6WiEFa4cRMuMHnxIkhhIVtNrpYc64lSPYlB4WrPxSfyyPsz6S-2FaMSo5brEFgO=
E3R1Mh9LNyhttVQKpbPBH7CF1YuAN5wh4zNXTNXS794j7sXVQsUnd3ZqhkTcf9WWB87fte-2Bp"=
style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D=
"true">Crossbay Fund I </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=
swouzUgYuI4hquKz-2FREanJtI3gmiJEPZTGdV4eW5mtVquiN8A-3D-3DsKL5_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT=
2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj=
-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25=
zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrn=
TFL0EfXDviLtSn3YJBnDAMkN3HTC7oltj4VUoo6Aid50vtIzuUkOiRuKTkkWwW79LdhSIv-2FkA=
Lh9cQkm7wxnnn7KOZh04GD-2FjgMWh-2BxDHYpyfqJr-2F7Y1HpbT15ThKFY5LyPNeL9d2s6xTg=
C9shxDZP7-2Bl3IkEzJdBEgLgORQ3jz81kA0KCgICSAKCjEPiAy1VyPcX7IzxJUk1mjeNtNA7oS=
C1NHG-2B80am7Dq9qPuM7rXhJApvRYEinxIfJ9PmL5zYhhDphEVASSjdbk9FOfo-2FmBBS-2FD2=
I-2FU" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univer=
sal=3D"true">Adriano Care Socimi Fund </a></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
<tbody>
<tr>
<td height=3D"22" style=3D"padding: 15px 10px=
0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzUgYuI4hquKz-2FREanJtI3gmglQi4J0QZMhqvvvsyur23A-3D-3D_d6v_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT=
2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj=
-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25=
zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrn=
TFL0EfXDvhEOl3TE2rkaR8EspZKJY-2Fi6ceP5CfYsfLDpSo0qxUh2-2Bm-2FpKRefeSv0LJ1hi=
NrLDhrEECmWT-2F-2F8uTJTeZVyKrwPR5-2FkeZrOkTIbslKniXVZRx7MkM6NDD1nz2CbkG14dY=
tGK6eovwty3XYaufE0cdHYdtO9i1ECNP-2B1o1WBpaKiL1LCnwbkkGUQI2gm8mM1uCM0Ot-2Bpd=
ucQI5LqbNZncTnd1JiUr5Ws3pttOjnHqmYE0T-2BGK3aLwLXLyogJNdJXH8pZHRfk1m-2FyJfw1=
Bo6og2v" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univ=
ersal=3D"true">Blackstone Real Estate Partners Europe VI </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-2BaqM7ONnvsnswouzUgYuI4hquKz-2FREanJtI3gm1qJU=
zyR5WDhUAwVQ9phstQ-3D-3DGSGy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwj=
XOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TS=
b6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLg=
o-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhx-2FHuIwIhjlMXLK4X4uONR=
tyKtgwAExzuNGkBmAPISkfOpo4gJcwnONPXv9Hmg96UgSspBBmfDGRk5EAwe3FWiM-2FX1bmaZe=
1a4FvDuYaP80Cw4BJ8CbivDIYvSiCpF5F3B-2FLG6GaG6BMAorAxbt8AWlxDsSGFeo1BMTabu2t=
U9mZQ1M0LNHdkzrlv7A4LtaPw5f1nubenwvdCwkbRLg4ya7-2BeB0DDkQQUAmKasV1yJ2mQd8j7=
z8r0jqx-2BNUdgNnQcpTYcMYsxExP-2Bv50to9Uum" style=3D"font-family: Roboto, Ar=
ial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-he=
ight: 24px;" universal=3D"true">17 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-2BaqM7ONnvsnswouzUgYuI4h=
quKz-2FREanJtI3gm5VqaiX7JhJWNOYaqqLeiMg-3D-3DQCDH_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiR=
aroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6=
LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2=
MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhjg=
lI1yIdMT4eHiTz11aOMJWBNxGdjRGE9I21nm42HZgZbwgHmLjV0n-2BiCfLcMbr2b62ZOHUvEho=
-2BO3mrfyXUWppD9TTpc72kp2Ht1JRtf-2FoCCT79vRNHImF-2FdLU8KP0X-2F67EQ9LVbJ-2FR=
RVzHKM7HNx8XYxtj8m-2FNdFFU8pMmoULSBWXkiVMH2xNxJMLRVdplBd2tEjxIk-2BCVRz1HYne=
l1fzvg0SK4r-2BYtN99KeFVmvCuMVWE9VtQ3yhpV5YqZ22OothYHYaP6h9ccSMsDNQmf" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a><=
/b><br>
</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table class=3D" " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUgYuI4hquKz-2FREanJtI3gm9qqbIST-2Ffbcx2WkaOrBx5w-3D-3=
DVUbB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFW=
LhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaq=
cAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYp=
Cnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2Flie=
ULZCL3fcXyySEEFCQrnTFL0EfXDvhKkQrzcDS7lUCDWM97iaZtSKi-2B-2BtgwpU7UXv2V4Zzgb=
IumwdPxKIwua3EeznRuuoDLhKpDGYnm386jvtA5o1PWcbclyMsHutQyZYvJGrE4RGd340wmINS6=
ikqYUXmO8zpMsRDG87NAAr1q7IJbuwllOSHkIt1ub8YdlIE7mMR6PLPK-2FQqryf8RusIK7rpMJ=
7g75-2BEcAsDHQ68uk5ktrZcg-2BJD4RzQw7A5uIjioTQmJXSMmgDROV8im867Nqssm7g8Aw-2F=
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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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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>
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>
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</tbody>
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<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%;">
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<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Large =
language model chip developer <b><a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgY=
uI4hquKz-2FREanJtI3gmg8z4B33YFNG4XVmfueWCNg-3D-3DISxG_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2B=
pGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI=
3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFr=
Q4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXD=
vjonYY4xUt8Sf9DAU-2BVe0Pnc4bmF5HtxW00kYPfdA3j-2FHnofjrtDlLKg9oQV6-2FFwKRRI-=
2BlUbVkz6CoFfdsea06S8eOZ8JxfgXdVZkym1FBjKrPzlYkWazlIVeSMx64kqBwYXjRcn4vlKsR=
elvOJyNQdXb2Ib4i-2F-2FgwkS99FMXLNeuZDpartvRrdVfdUh8ctM655iw-2B0Dx7lQ8MYOzKO=
EDG07O6M5HHfzhujcpaihJrGdYbySlaHGBkqpMln7Kfm4GnJS92YwU8-2FChM0hRLdUSgB" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">MatX</a></b> raised a $=
500 million Series B led by <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgYuI4hq=
uKz-2FREanJtI3gmMk58eQ-2Boz2gsiTrXbxzMNQ-3D-3DjB_V_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGi=
Raroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz=
6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e=
2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhy=
uQ7FLtdrq1-2BvXRTvQBHusbhAet7uxGggD5EQCVshGXpVXo16iRHqW0ho5MwCPzEeR0jmUZo-2=
BJdzpHDxKbMbBB2cOfXWyzYR-2BzJU9oxFyo6hgNK7cuD-2BIobO2GCnerX2rqYzos4SFuzN-2F=
O-2BV1X0F4-2FXtknXuyE-2Flfnuew8-2F7HlMrpTiK5-2FopETMutBqG-2BSwCxsJU-2BQoDcK=
ZtbWJghxQ6P1ok8mvY4bxeM-2B19vsoOrFnJ4yFqa7gC-2Fnuwdi9a5qp8fJJ8hf947C0bXkPXR=
X0Co" style=3D"color: #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.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgYuI4hquKz-2FREanJtI3g=
md8hEMUx7FPHF6Q-2Flxb6Wiw-3D-3DeJha_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9f=
lDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuH=
lpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoL=
a0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvjDgEHXfNoX1-2F-2F=
IGrWAvbUXWxJlNxZfnCXYd5gyzEeQMDHXgP854zcDN1S4qzHLBgxioC6lE1TC-2F7Ic5jIH462w=
cuwNCk1QWC-2FPO-2BgqXrU-2FwXqYtwCbNOhqTCqaRoSTuckDAbA5ean7qzXZ9jZ86oHFaYzbw=
3lOpurb4fQMYqNYdMLAYPznvEkRCP3pJ2B-2BGM9M-2FwPieTWsS1JDRpYwwO6jITz-2Br-2Fdt=
nIbNTaJVMQlXlx1TjySy0jBovMeSpCsmWKYekf-2B0-2FkO106wyRzGC19FI" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Allica Bank</a></b>, a London-bas=
ed digital bank, secured a $155 million Series D from investors including <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgYuI4hquKz-2FREanJtI3gmQspn0BXYPrTPl=
jF-2Fu4CkzA-3D-3Dkunn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6Y=
Sr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkM=
IUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFIm=
y-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgnuHtYpT5MWMaIFUrpvWAwaPdwiw67S=
NEncU0vOxzeFuDD4DOmnNuyf8kHlq60JakFS2VvR7H35TQotDH0bX2KJv6DvI-2Fl7821ycxnzy=
Jshp1uK4dP8XcQS01-2FL1TodjCUdLIxlUOOzHlkwGcw5SbuZYRh4RZE49sCrex2Yz3K1AXfdOg=
iOV2n3JjOjRPqWDE2RPjLhhIH-2B6yWPFiqGgASJIntXDNF17zr59eEuUQfejRiUFJHB6IEeaUH=
hsca8yLrENeqlpzfYFjCILwTJqJT" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Ventura Capital</a>, <a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAAvV=
D3445bRyUXgnJL9T3rSc4wxWXqfi9LOl6F41-2BDQ-3D-3DIU7a_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpG=
iRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Y=
z6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4=
e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvh=
zBJqlIlbpBwMyGN-2Bt-2FvTUxvHV17OP-2FuteWfezy4suv4mEH42RxyJXSwegKHF5BbXketAi=
9S4K4PYPMig45GU2l1H3IHnV70PxUy-2F71SL9aSGIvMwk-2BfFA2E5ThZ-2B-2ByjECDLhXEyp=
anj8zHmtsYBecBsAy4V8sNx-2F8qLClRp19RAZd6Yu2eBMEp5f1nU87SDp7Lh4uu9XpqPPnG2of=
kgeGIDIVV0MZ0fC5r6srfVX7OqfZI-2B-2F55CiKuNm6GzxW917Zg6G-2Ff-2FzRQ5XkTrSx-2F=
3Vo" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sona Asset Mana=
gement</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAAvVD3445bRyUXgnJL9T=
3bWDALPNTISFgyXbjxfhH-2BQ-3D-3DQVKE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9f=
lDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuH=
lpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoL=
a0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvh8GSp8Z-2BXzoNPmc=
53jr16bAIOlEqlDiNjKjT-2Bmt9c-2BA2Ch3NorVCULbYc7fUWjTcIPSQkCROa1BEGY92SOzfhV=
jxUz9BOFkjYDCxNdV76lGyEi-2F2WxFwOoDDB23Vhu-2FKhsjTAamgmwV7mEMj8cyzqn99VexL3=
CEbUskuyYgj3X0a9a39sgc-2FJ-2BW7KSR8rrCfgSsDHIAa2UoriI-2Bd7poN7Y9nlnZebpnLrm=
0j1bgrgBT4F3j65Qh4vEdtww2jNfRsEHBCzQMwwyr8Km9qBW5wTb" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">TCV</a>.<br><br><b><a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzXAAvVD3445bRyUXgnJL9T3svS9Wv6-2BN3bORuWL7CzL9A-3D-3D4ymM_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC=
7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88=
-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77=
B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3f=
cXyySEEFCQrnTFL0EfXDvg8NubKiXAuIQtvC6TXx2xKtfbDrRk4-2BRtgMS5yvBR8VERlwdOP-2=
FCHw07bjJPA9JQ4PC0zLx2j5omr7bHFo57-2F8r-2BajmB0gyD4o7uK9IgkNqgJqoo3bUuQIzs-=
2B7TNY1Y8RYJTl1FbsscSGkJHHDKG0Jf5UbjIs2-2B6YsaiHY5Kfncl-2B7SVgXZWxlk70hxRJD=
Wx9ezo73-2FGIv5wub6JB-2F6p4YSlikjcBRMnrI4rORcjU99J4MgmmUYODbzkZNR0LQz7plZov=
U584-2Bz7nYoIoYupwx" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>BreezeBio</a></b>, a biotech startup focused on treatments for autoimmune =
diseases, secured a $60 million Series B led by <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzXAAvVD3445bRyUXgnJL9T3iMep1FpDqlp7hGJQAwD03A-3D-3DOG-Z_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7=
arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7z=
sqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B=
8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEE=
FCQrnTFL0EfXDviJQl-2Bc4uyqd6Mey-2FbJLiiZ19lmYQgT30DTyIklq-2Bn9LiYg28AEpr2zp=
6eTpVLpD6iBl8MRWxjXstBASOWbtPCpbNgAq3A-2Bms3vIkYFcurInOPgetC002pqWFkHXp-2Fp=
H9qmxmcLRY18O4o4MET497W51knrW4-2BsX3XS3IAio0lry7AewOVy-2FO00BMtjagdX4ELwqzA=
txg-2BWLDR7RMoR-2BXKyaR9761U-2B8Z7h5IPT1-2FPPV87GVpTti74WM207VT0T1uW3M72MTX=
HwWn88-2BRn7B9re" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Yu=
anta Investment</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAAvVD3445bR=
yUXgnJL9T3fdOVo-2FUYDaiJ3Yd-2F3aly0A-3D-3Dw38f_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaro=
y6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCF=
nr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHA=
xV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgHw3bu=
zVABaK8U-2F0jxM5rZX6fr2mI-2FnFNj7CjasofvWoraBwhSj4AT89KMcWTX2zD14n6DCFhuSoV=
XVJHHp9sJpziJzSsAeuDvl2zNBJsGGlDmzLqUu9kEFVu8DRPxygKLvhpH7TbEPdedvFyCXL8wDF=
YhrFwpdtScPVWwc8cyPdLODh4lHf0pBiceaMTvj-2BFZF7zqGcIS5BD44x94CdPl0ad5epk-2B2=
Kf2ep7tWdTCBf7dJGrD7wiwzVkccxgPPsiaAZnpeLrDeaTGvNDOJott" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">DSC Investment</a>.<br><br><b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAAvVD3445bRyUXgnJL9T3LZKCUN9GnxmR2l4XlzdT6=
w-3D-3DMN6a_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORA=
GDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetA=
CSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX=
-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgCeYsp4zGgQnvM306ldxTJH2ZSH1Xpp2TIvgaM9Ys=
-2FJmXbIBn2hr41phBdC-2BsGAadfxyyKz1-2FM4DrhOTiYXP34L9jhixmiO813Oc-2BtjHwo6u=
7QHC2KdKX-2B2w4NHa8q-2FlePC0HTQKPFSW9UHYT-2BW78RFqL1HBN7iTPUldE49vUWYRhech3=
tCIheQXk4RAiSZ1gY9qf1aOsd8xSIL-2F5uZCVNEcmSrfOhtL-2B0PmvOxU1WY4eodFAv-2BQkn=
Kt9nzJmZ9fXQTseZqAutURISnJfDsQIO" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Harper</a></b>, the developer of AI tools for insurance broke=
rage, raised $47 million in a combined seed and Series A led by <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzXAAvVD3445bRyUXgnJL9T3jK0v02dzMkxkGwTh655tlA-3D=
-3DEx_o_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDop=
aqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDX=
YpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2Fl=
ieULZCL3fcXyySEEFCQrnTFL0EfXDvhEOgeurp1JmWlGFuIz9RIxNwiYDBHPCHPUn3T0Pfinxew=
RAROOB948oAa2aNmt2FoX-2FINQogE7oLaM0qZxp6UWgoLXrffFiwUgEWh3qBudBlHDj6SKwgU5=
Ah6e5qE6zPOjp8nai4u7qxyG0sQCVgSsj-2BVnJbnq4X6MWRgSrVo416LeckR0Noa4GHgsIYAxA=
uQUlBG5ZvoDKfiNQ-2FvM-2B21v13zoVAKg3sOBvX8f3Ddugj-2BJYCGmgSbB7hF7aInHROylSG=
6Nr2XReD47FlavJss0" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Emergence Capital</a>.<br><br>
Defense tech startup <b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXAAvVD3445bRyUXgnJL9T3dROuyFlChVmfWPo8kdrzRw-3D-3DPY3U_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC=
7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88=
-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77=
B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3f=
cXyySEEFCQrnTFL0EfXDviJdkgeKbi-2Fwh8zO0z9T67wNuMADNaRyJF-2FQgsnoRChiXyv1IFO=
Y5nHU5SqFMYdpZxy-2B6QCxI3xo-2FW4Bhgubs73qByu1AHxjPDgWs5idf3nTKvPAz-2Fkf0oac=
0nuuolm-2BnJyQFxAXRrcmmHKyWpDmd8q7Lp9H82kw44P8Zs31rsQUwmLFGe0C1Sb3gSYaSUzmH=
VEeUsh87d2UbPOlGXs7YnGmYBeWEpmhL45iipXWigi77ZgEROhzmC0fF-2FVNnZe0UI4HbiYg-2=
Bfg0TUwbjRYF8M3" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cha=
riot Defense</a></b>, which specializes in battlefield power systems, recei=
ved a $34 million Series A led by <a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXA=
AvVD3445bRyUXgnJL9T3p6AEkZYAVkYRlUlHtiCjbw-3D-3D7PVW_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2Bp=
GiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3=
Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ=
4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDv=
hgx3VduuARHrV3qnjcK3kyNV1QL-2FxWuPCuK2N809XOE-2BFxxoTHlBhYevx1PhIe7cUCEORrw=
c1iFdfRVGqMGh5H1cQB9AH8NYhHEyufYTEtMwZwucPzoGrCahYqp17qYkKwYLP4OfKseqWNCjA-=
2Fg6CRDkaHReIAbDoJR9sCUyPaV9vpdhO5z3onfAV6xNbsyNyqzJkmUu6-2B6HTq7DwiWluFSv3=
muDKW0uNwpKcF3QXaQb0gmRCZz1o52TwmEDy2XwuRQSMG1ZxTVkrDzJxE9-2FZv" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Andreessen Horowitz</a>.<br><b=
r>
Ecommerce platform developer <b><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzXAAvVD3445bRyUXgnJL9T3dzCnjlwreZbLNJpZ85NKTg-3D-=
3DFazj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
WLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopa=
qcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXY=
pCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2Fli=
eULZCL3fcXyySEEFCQrnTFL0EfXDviMOehBM361TB-2Fv-2BMcS04up4IMFkwoXrukYDc7c3ONZ=
Z7Etnz6IuZpyIwwspjnkkgpmaFBnmruk3qpAE9bif0HvC5toxcuaF4FPLc6e1LdGeeplz32WtV3=
fm8ob1StpscIqV9CiW2WI83yJMeAbdKpxp80J105cjguxUiKTfwpuEyFr37rLfPPl7w1VUD0v7q=
b8LfjO7cMKt6whPtYOa17llHfKNzcQFcd1KCGuGj-2Fb2iPzR0wgKv3YH06iT974NYywEDddrJd=
3XIlnnWNsxkkb" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Crois=
sant</a></b> raised $28 million: $14 million in equity led by <a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2BS5JIBYVRQ52ZhmEM9LiGUyV26N5uz8tqDg-3D=
-3DzTcx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDop=
aqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDX=
YpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2Fl=
ieULZCL3fcXyySEEFCQrnTFL0EfXDvhpqr150cYpBNsxEiodTU0tzVznQJO-2FO4vUmUtL5yq3G=
ReeHI7Y6g6Gtm0Q8S4nKHue8xAuAQXSrZhlq-2BjHL-2BtVUk2eVaLycB5jtDrpehRgPSkY-2B5=
se37uWdfWXKqj79z3cq0bRjL-2FnGqOoMLK697Vv0k-2BaXRZjOWe3ppgzih9ix41ewmP8qRNY3=
0-2BzUGPljarTbeeOuxOzSezf9-2B0sf6mq3UgZyBMCWc0t4C0h-2FA0l6MmLL0We4w8Ov-2Fur=
0201xSuhgQH54EUPMhva-2F4xXb9mX" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Portage</a>, <a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2=
BS5JIBYVRQ52ZpDgFTVgamBxxUlKBHI3XLw-3D-3D5eJt_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy=
6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFn=
r0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAx=
V4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvid5MjvH=
4jy-2FcZg1bkTES3iReZM0VUBkTaz0kJvA37-2FuqNjG77rDMNsFGDhZXtyxpKQlhEJSR6y-2Bf=
VWvtvq-2BEPj7pzp2d1lyuIrwqu2QE47TNf7azgJ33tDnrl50xyOAS6XCOuL1z4cikFKLfZrbrK=
-2F4RHbrIOg85D1bcnU-2BdmqDkRNXlAUkcy00nUROcbMFYel8L4t4UTlAOFUYrveUfTSKd82N3=
zNn-2FMaqSK4JCDmGOLdvPn8zbbdJ3NRbtT7mR42XhgMBXxvvNxmOMGtnQ-2Fg" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Third Prime</a> and <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2BS5JIBYVRQ52Z3Ze9dCBKU6leOceWHYDVJQ-=
3D-3D8Gsm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGD=
opaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACS=
DXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2=
FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhyGWPC01YYmwQKCj36QUjDpTdmggw7yf1w57j0bwUys=
CdQR008gGyhqT3bjzl3Rl8yvwl2iURjvPaw5efztvjJ9n82C4YdAG6zQZwCl7WwTRVy4yUB9qGv=
veMn-2F-2BgSIXBftIaavRv8ELJ2wcspa2Wt24w-2BA1qBQCkBJLOhYWfGa70Dc0wl-2BPvagdi=
UmC1a3JFGKt2cRL7lau-2FIqZ-2Fe5cxHMw8pfphXMZYRqH5S-2BM4d2nzgewKvV3bfLT-2FIro=
gamkXsCxQCp3gZ6fnzS0nnomKa" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">George Roberts</a>, and $14 million in debt.<br><br>
Amsterdam-based AI avatar startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2BS5JIBYVRQ52ZaEbX-2FvtFwfoXVLRC4=
h9PjA-3D-3DIo2e_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryq=
OORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYc=
SetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq=
4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhz9WnFFwOPKg8ceau-2BUkGQAwV7tnVDI7Rsv=
5rkfvlL0ax49KcvaFwDOcpp-2FViLbTY02U1nuxiyFqOphunhoKgKkJ-2F8XLfdIMtXAWy7QztS=
2hJZid3itzVU2XGg1ZsQe7vv2ChW-2B-2BJ0qktBsBLLB3piBi1sVSvOQiYkT1JbblYXKtxWhfn=
CugvL3ayeZcxZkLgtDewG2SVcoLfMUzPdfeOiWqR07vZ9-2BfC9WnqARMmmzDEmIqWsUGCn-2Bs=
KAJS3W-2BuKo-2BcMZnRQPTVQjTqwMy3XY" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">ValkaAI</a></b> received a =E2=82=AC12 million pre-seed inv=
estment led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2BS5JIBYVRQ=
52Zdz51GoP28m2FqheVR-2F3UNA-3D-3D58TX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF=
Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle=
9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2B=
uHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amd=
oLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhqKAr1-2B9lTKTj=
LmFbG2dny-2FU4wJ-2Bn5E3wo1WGyPQkhJ1diBKq4jTp8UR98oYn5VtgeqZ937r27UC5ifDVG0N=
XgY4YlQiX7LDJBiIpBqS88RVCjz5RIgQymOitqBBThrF1ZnFQAmtbqHqs3CTvON0w1m5CnWBgjs=
gfWvIbFes9Y8OPTiIEJcxLbftLUYy2lQlP-2FV2z4pa4SKse-2Bo7O1T1tWQZPZp7vtbv2KdMqU=
PlYcM-2Fmmsc1qrDWwe6Bs8a1M7EG3CPng9gvhnOnY5nWTGc0n" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Rockaway Ventures</a>.<br><br><b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2BS5JIBYVRQ52Z3szcIaWj1GeKdmar-2BH-2=
FLBg-3D-3DtGaH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqO=
ORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcS=
etACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4=
mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhp8biOifYtHBwbFvUn9uePL0fI-2FCdXYmeRiW=
xLEAJ-2B5Mcc6oFa3cbu-2BKqjcWqAEnlGGE6R3x56nxC3HocKR-2BpMlb2KXF2EEJF3dvljYFv=
oywpibAWZsqb7G3V-2BddlSrmjTDJgSrHz-2FlndmkVoPNqUEzsxwFo-2FNnXtrIh74wgMahZNW=
ZjrVKz8WzlWNh3VO1AaDV-2FYXlPZCdQZh1eg-2BUwjc9cx7gwQuga9F5Avbi-2BThfMFcTXofX=
zuZaKKeSP0s-2FC5nFEkYGyi9crr-2FyLRShg-2BX" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Secfix</a></b>, a Munich-based security compliance=
automation startup, closed a $12 million Series A led by <a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2BS5JIBYVRQ52Zc4QHxcjtjar0qZhGGEHvng-3D-3DA=
ql2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLh=
NGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcA=
ZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCn=
wyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieUL=
ZCL3fcXyySEEFCQrnTFL0EfXDvhvifea4pEeTYIRa99-2BDLBii7ptQav7SYnTH9cq58wsz8XmG=
XrRDzbaDg0Vc9WkSeVNhHGNzB01dhCr8w-2BBsT8sw77fUrdOmAh62b1YuMm4brHyQ8CMTL2ELM=
QbGu6j1HsTc1D4Ild9La9bgn03taMrHGKHZprEibgXudja7kABIc9Phs-2FRbsKtDbfXgNFWGu8=
27GDYgQpCrSYteTNLGrtynjNBB7FXdx8ZNVybM45IaN2IuYtiw2NXmSlWwg4hD3qPZf9QkfKTeQ=
3kr-2FGtKsXY" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Alstin=
Capital</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2B=
S5JIBYVRQ52ZSFyRzL2DHDt3Foy9iHTPkQ-3D-3Dt2Y0_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6=
VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr=
0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV=
4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvjnRaY-2B=
g0VJzVXMLRDLoMzbJcK432T9lt6bU5PSdJXpmv6OYO0W2LnTA9hHFDiIFFQ0ddJr608LdQybSwx=
gLyTUq4OaV60HleeiQ8WsRbmU3oO84Q0UssysJcBHCMQWRnym997KHBl27S5HIfUg3Rm-2BE57d=
iInQS9gEw7-2FRYS1sL08Ds4vdtKBp1mfS8HjFsxtGsu8LzIo7no0GM2sVeykNNZmkJI-2BnWhc=
70ka8SR2aIs-2F4eOxUQWbl-2FfyS7GZZufZfFK2adDblQYN96ilqHCXE" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Flexoo</a></b>, a German developer o=
f physical AI sensor technology, raised =E2=82=AC11 million in a round led =
by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2BS5JIBYVRQ52Zq-2BSFhhc=
E3wTpaEfa1C-2FKMw-3D-3Dq7H3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjX=
OFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb=
6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo=
-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvjZ-2F1azdNVxurSEY2SJpMNdy=
Lb-2BpVGQOi2-2BwNbipK-2Bayu1-2FVUSy4vNJeVMlGS3rsdqfL3xkwhW3EjIr5oEQqdymXWun=
47rKQ710bEPTIHvwgLvH3bL-2B3mENY-2BPTTjPAjDq-2FJ3PVrw4w8eMhlwL4EE-2FquKR4x1p=
NPPKqyyh-2FXfk9pvtSACzSAD1-2FmUzm835K-2BqrWZbLp9og-2BdstKw9fou9KxMfA0YWLhsp=
5nM-2BPnRWw9h6OFRoZdbyvdcGwfxEdb6z28PzJUEUACHbw0Yna-2B2vbj" style=3D"color:=
#1D5080;" test=3D"" universal=3D"true">eCapital</a> and <a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzXgbW8m1f8-2BS5JIBYVRQ52ZQHMMQNd6wISOxq5i7D9Zqg-3D-3Dkq=
28_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhN=
GTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZ=
WF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnw=
yg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZ=
CL3fcXyySEEFCQrnTFL0EfXDvgQd0Iork3w82JQEsFpdM32PBk2-2BHjGc5zlyu4P-2FY1PaqX9=
iXwCX7xGZuGLnEqfkAMTfJd4sckGKXu5EaWWcy-2Fvu3gOQPXVgyqUlS-2ByBi3uwnUP-2FAbW3=
cahXE-2BrNvtG-2FvfPA70M7rKsMe7irPPHGf-2BgWgEWZSl1879EeUapeNZLYYdDePbLwxtlBX=
fs9e7nGjxSeUPpBfGOU5bD5wD8RcdVuVBVXWLM7aSgqr2Sd4GOYAdeV-2FmpjVsKDd9k08gbJzc=
gqgWGkxbuMcWDzsCXVaPy" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Aumovio</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX40YxwpFuk=
ncjkpXp2xv0FbANqz-2BO7-2BUMN8QBCw74BLA-3D-3DqfL8_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRa=
roy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6L=
CFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2M=
HAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgP1f=
2HCKz8wykUrCw7u43AIcXtm-2FD6jOkvrNs3EwvLTaojIJo1-2FJH3Dm8SnNTEMvhCC8eQz8WmS=
lefMr-2FLqSOZY5opHIoR0v7Wq9oBGcmmray-2BA-2B8dEszRR211cxBFTMPlv3LG1-2F6q-2Bn=
vtqTy0VKirXGw-2BB0w1pvmuP0uTauyZJot9sFeNwx5uJQAE2Tpm7XGvVO1kLXSDPS1Vw7LtMWg=
JYmJ5WC6jQOCFMKMG5z2dRPUNQaWwVB-2BvIZIMi-2FJvKF7zTIz1fkXCZyhh1oG5A4jQ" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">BeyondMath</a></b>, a Lo=
ndon-based developer of a foundational physics AI model, raised an addition=
al $10 million for its seed round led by <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzX40YxwpFukncjkpXp2xv0FpWk-2BgyL3MwU67fcGRNcFNA-3D-3DR_mA_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT=
2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj=
-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25=
zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrn=
TFL0EfXDvhYvv5gQP8IByiO4mjaKnywzcbW2IaVkkfLwn8fotoRSrgAo9oGQTSjCypvCNq-2Bj-=
2B3VQ99VabMHSc2QCderuOqjzxmyV8ggQPMp0Rcd0CS96J2JSCFXcvhxI2piOx2-2BFEYzo4IPb=
fVeMAjKVnuMHrDDEqvRD7niRIlbtiprij8xmUylmF9MKgi2j6-2BRWugcIPywJVqe-2FfQfU21b=
OgHNgL9vejWUWp8ECCWGTcvWpyFbSCAQKO45onqtwzY5uUEgd8uk-2F1tFnf3MucHZ1LbohtW5"=
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cambridge Innovatio=
n Capital</a>, bringing the total to $18.5 million.</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-2BaqM7ONnvsnswouzX40YxwpFukncjkpXp2xv0FvGO-2FXH594xMYhosEGS=
RNZg-3D-3DvnTF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqO=
ORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcS=
etACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4=
mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvh0b6ii1cZmH6gEl3PRVOLGVCQHqXLP9vPXzjrr=
xzWFMrauohThC3LYBmLsGXFo2gCpRUrfmSj5GlT5sFo4YbMnRC56zlrDNqwsuFih8fnzVKkFS3d=
xPfikM-2BDBfvnF80I6qOlIcEdMB9zIt6gVuike-2BZXJg4p9oGK8V1y6fu-2FVcy-2BroHtEzf=
SZIVRcf2yWUhiQpsL-2FwYiKz5Flos8E0x-2BfgmzhRQ23N-2FYbbbeckRd1Qu2bXumC6Bt7UqS=
CyREj-2FK8SuSQiGeto8EONxAHIYH7y" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Blackstone</a> and <a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX40Y=
xwpFukncjkpXp2xv0FT83doA4aMBnFY-2BCiP4oiwg-3D-3DO0gX_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2Bp=
GiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3=
Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ=
4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDv=
jt8xnaLxfvkW2proh6aAFITAv6tl9LFBBc5RcwIbkiLEUwlLGaKioe9QOOXAmIzeboSP-2BG6zd=
EwvwdbwZvdQqYadVXjCkxGyOG0C1xpX-2FdkzP-2BBx3iIrpE9pBLTxFo72VmFIuTOjZFTsz97u=
dou2eosy-2FYUnekG-2Bq9HwIcalCxQEI3I6NdlH4b3NP3Y-2FAHVRIalgo27b8stK3SS-2BFPv=
apfn1GawqqyqbbbKG6jE-2FZbNQvlVfdfqQp4TMxyk8PozsMxKmtAechb1GiFwgxj70gn" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">BlackRock</a> are consid=
ering acquiring or investing in <b><a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX=
40YxwpFukncjkpXp2xv0FShhMsyGUKwLPRKatGSuDFw-3D-3Duox4_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2B=
pGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI=
3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFr=
Q4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXD=
viCNW5AQmyCzXDRQz95wscpWqIxaMwtE-2B2RHQ-2B-2FbIx5nG4JG1EJbFdw8SR4NEvfWcaIGb=
ZD8EyCS2yS-2FrdWZctMlXBojwhggIojtRIzpNSWmkddl-2Fj6sf-2BP2-2BL0w1LIbBLTWjRBP=
XiivSPvdV-2Fx1PlkVoeGUbo-2BrnX1oo0AD4i9JphXKAMbJtTkWgPjfMBGzdKAd9dWHRua2C5V=
Zku9Xg8skGOX8P-2FinBWsSjhVU-2FD8CdXndIkKk5rVZz7H3NxhylglIZC5BYL2MfD7yZsF2Cl=
J" style=3D"color: #1D5080;" test=3D"" universal=3D"true">VoltaGrid</a></b>=
, which specializes in energy for AI infrastructure and could be valued at =
over $10 billion, Bloomberg reported.<br><br>
Japan-based <b><a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzX40YxwpFukncjkpXp2xv0FCmR56rxuzihdNed-2BvBFOWQ-3D-3Dbzfo_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7=
arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7z=
sqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B=
8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEE=
FCQrnTFL0EfXDvjwt38zaf5l1ilc7oZIGg3AOQlyTf92Gz3KhtnfY7Ap-2FxpgufOR9AUl4aEeT=
QnuRmXhH9rIV1WTEkmT927K4t1jb1tV2UjZ5CdvQJGFTemCCtCMxqR4XcP5sDLsdCHY0DvK3-2F=
aM9OL-2BCIMQfys-2FoABpNXFWQzXhFjHa-2BzsI2HVDuieJl1aQK9hiNKikzCGECHH7Jyb4cU2=
4LUHXAjK0N8w4ku9zUmtkwnohqogUKaThYgZEkysu1WHI36eja4Fp6w7uBFyZdiu1vy7YdHl1J2=
2m" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Taiyo Holdings</=
a></b>, a publicly listed chemicals manufacturer, is in talks to be taken p=
rivate by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX40YxwpFukncjkpXp2xv0FmtNL=
qMBg7tl6oshJaeX4mQ-3D-3D6yGf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwj=
XOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TS=
b6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLg=
o-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhtEc5cnRkO4PkKAg0Y1ll0ov=
aqYoSkBJvAWQ1wT7JkirtuAZwIPuzigcF3XQGXTOvVhx4AwiFjWxMrEYlFaEzUj-2FdjVe-2FYs=
dBWhZZQE7UVpTpGbOQKD0XCVUq0YTDn-2FghCgj4GA0RF20cnVxiCmbevs9kvvcZSYLtIJibisD=
E-2BvkecArTrXaS3aVmhlhUP31Aqpbw9uedWAG2XKbY9CLNuSumZH-2Fz2LwCmgsXTG-2BMIe4r=
giecVQtLkrSTB-2FBYJBLpUFz6NiteO0s3inupm6VUx" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">KKR</a>, Bloomberg reported.<br><br><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzX40YxwpFukncjkpXp2xv0FvGO-2FXH594xMYhosEGSRNZg-3D-=
3D0Vc-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
WLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopa=
qcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXY=
pCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2Fli=
eULZCL3fcXyySEEFCQrnTFL0EfXDvj2B7xdtYAp5xMtb2NTGbKsGEfoKb6JRXBnDol0DZKc7wZh=
J9mln9ytBjWxZ7TlxQ4ki4SWLT4r1mDF1UrZ0fnhZQDrv3ffDGHSZDyM7DntwN31bwhEdDYDCQb=
cm8V2Ba00MHufaqJKwOWno12ugy5D4iShgSvUbg1PxO3hd0mduRU-2BvNFXmG-2B8lk4lkmm73W=
b-2FwwQSRZSnCmRr484wsjA2QUATRDUzJergAGt745NPn6oW6i2iwlUMKTaXKCBJPvwG-2Fjyd5=
uYI1SgmeLxYm1lA" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Bla=
ckstone</a>, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX40YxwpFukncjkpXp2xv0Fg=
6EJpuV3mHFYLCd4j5a95w-3D-3DGnWK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJ=
NwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm=
0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3=
DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvhpVJYM5FPIUkP8vqkjAfv=
8c2nBiBES3ahOHJ7raqo7wW9G4nFTt-2FHNHPR0VfqbqwMvb3qRoC0FqePcqySBK8CxeDmEbzSN=
3aHYgz-2FOuN-2FKRyhaLKgFbjEwA1NBZZD162D1MDs5nTtMwIFnHjW-2B7hMgMsWDK6EcV7aTY=
2pBNzIqOcIhSD-2B5HyPBb-2Fofy9TY85LTezPqR-2BodhiQ-2B2fjF2qF3NGaXX-2BWCQIhsIP=
8XiEL7q1KRJodfHbvrbTAN91FjIvtzJvmpDxCkfS0Lch8U9KR6" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Centerbridge Partners</a> and other PE firm=
s are considering an acquisition of NYSE-listed yacht company <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzX40YxwpFukncjkpXp2xv0F-2BCIGpBR8hwNOBVFBXvr33g=
-3D-3DrTug_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAG=
DopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetAC=
SDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-=
2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvjrJBsJNqVZ1BUbF-2BrbHo8DJyrFa3pPVfZsDZRzcu=
A-2Ftz4x2T1MkGPRXH5bxSgC66oNG3tZ9UH3GrLFryb9wVaVzkF-2FXgaW86FW0ZnSEDqNoj82p=
CjzuoxY5OK8PN3gtXrTqtHAh3HYZEV21OXvOcfckP7ondVwBSZjRiZIqoq59gmdm7Ckf7jC2ZyB=
jbN4RHiWHu-2BECp0d5FEpVGVge2-2FKkMYOhHdddvpdHZCu0ulRK6BWylPUI1RjqbvSP2FM2Di=
97hGj29r56MPsAWJ3M71V" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">MarineMax</a></b>, Reuters reported.<br><br><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzX40YxwpFukncjkpXp2xv0FoJpBCJGaSb6pD5nu1MmXDQ-3D-3DJD3d_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7a=
rVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zs=
qnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8=
vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEF=
CQrnTFL0EfXDvhNA5etGBRZCBV1Mm9IOmAlYJsksPfHeD9Muzij8aJ0JVOFZeuKhXCEipn0KH2o=
pzK61jyLvJ2Kbpx3EzovFnI4dpLujpyk45lomqfWf2V5wuJXUhJzSiPFtUEj3brm6fOPFyldSp1=
REmKoypPXuKrIYU7QxXwxmDpdotnhPgASPJqxQc2XgvGXzS6DTgBbC5ENpnSg1CdlkRg-2FgM4h=
EJhoQFaSrelHYKUyhS8LBWHg70JNBfD5kqmCm3HEdo7wKJVePl-2BYjWNbdHMadgL10Lxz" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">CBPE Capital</a> invest=
ed in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUptWmApdfdL9kgZpejNsFlZYxbB=
1W-2BhM4RIYyZlLFeDA-3D-3DBa9v_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNw=
jXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0T=
Sb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DL=
go-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDviCh1jczEHjF57Kty2xq561c=
p7sZXYOqAC-2F-2BJw1C9EOr3w4t37AI024HA9hKsGOyqtZZLHMN-2BHfrz3L-2F7aLZ6pzs-2F=
kHab37lMazKhHSerh6q2iUDLwgImtJ-2F9Nea95qGhWG6hssKlCywM3oU0FbUYjtSstT4yJpxsc=
8fRc8wRwmnC-2BP54WCJhW79AIu7edipbBX-2FNBLOYGu8roQ5KQM1gWSYUSEt1-2FgwgaTu1J8=
c3kBj75Xfrfpjj2TbAEj-2BklZwbMUn7I4Zq4ad8lYXKn2e938" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Access Infinity</a></b>, a London-based man=
agement consulting firm.<br><br><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUptW=
mApdfdL9kgZpejNsFli2nrH7tOtuzDoGiYlN688g-3D-3DYZg4_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGi=
Raroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz=
6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e=
2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvii=
vtNzxKrf5L2Zl47DxXSpVsISfd1NSekLgSswbKJSSTyrD5kcaXB6S5vVZp-2F7sOeLBKJ3aXjN7=
ezb3sFs0sXns-2FYFasFcEOBQZpikjOUB-2BKAKPz02YTjk1zIYIqugiuU4GpXYJNk8zVzO-2B4=
75p7TOoVakqkLgGglzEFGioWLqlh3zxWKa19Pk0Kil3uNPPcbdzQwXNY2lTR0YuTbRnugsy4he3=
8j1xticvytoSbdkIwDuM4Rm9go6waAbENR8YSnSwYdBmTUNar2NVR7QLnNL" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Sovereign Capital Partners</a> acq=
uired <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUptWmApdfdL9kgZpejNsFlEyq07=
0uk-2BkaFPuDg-2B7t7SQ-3D-3DI1Ua_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJ=
NwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm=
0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3=
DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvjip5cUofnmpCfsZdZp-2B=
7ufUE2qIM8AZ-2BhPyUNK0wMxM6ojOw-2FXVzjY0RxNepyfVHrcAUBjf-2BAlHPB2eYuK-2Fhor=
UOd0V6knGf2pzSaVC07Awrb4iPsGxB-2BOcpfPjdNV5RooY-2FB54mAwfnvs1zIl30y353Yucs9=
ojyAM5bkd5ws5kaEGHqiEm9YVQSAO9VnNDp4iVUX6dB0tyyugyIcLdNb56q-2F7gObk8FTeEBzE=
vWEhh-2FkyWP7EUIz0LMb6xOvrcVm9Ly1WbgCFpLbwU1kx-2BMqW" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">Apollo Home Healthcare</a></b>, a UK home=
healthcare services provider.<br><br><a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzUptWmApdfdL9kgZpejNsFlpWA94bWVOeTzew2A5t2f6Q-3D-3DA-Zt_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk=
-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4=
KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwct=
mFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0E=
fXDvi6y0E1pMFspazQ3EqGxBGA3LeYab2GWkI-2FfXaE7M-2BFpMz4xRGPvlCDmf-2BlOEzgesb=
-2FcMUtBx3aF5HrsLcv-2FahxQJAnPh9giOJQqZ8Wz-2FxUpnfJCPXj8RbBs9-2FGNBu4aPtf7X=
eTKRZY0WSzQpfK-2BaSswCwyf1qbFQf60ONmC0suO8VkapAwrS9-2BAWPdmfr7P1RoOP22eP2Fw=
ISP4tnU2hSIdyQXtX7J-2FY127kk06zosNIs2sia-2FeDjmn3XQvPJ7vABqxYAOTo4VSTTbjlZy=
rUbP" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ambler Brook</=
a> invested in disability insurance tech company <b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUptWmApdfdL9kgZpejNsFl-2FvrKlUmxdB9IOPN6Ych-2BNw-3D-3D8wUb_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTV=
C7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF8=
8-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg7=
7B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3=
fcXyySEEFCQrnTFL0EfXDvhy5X-2FtylGLYtI3nXFlTomOT-2FXa-2F0Ey839-2FhpMaJydbdC-=
2F6F87d-2FTOiucsX43tl8SNgaSfQxZJrqvZUd1Eix3tBXsVi9x7JEyzX3jjv1fXjgWuoteHg-2=
BqvZB9cHUa49f5yRek9wCSWK0z6d6zEe7VZUilhxfFzuZe5WoQ6zEeCpwXoNoIEyFR12OXWH0QR=
5tn8VGAX9TenqiAdtqdsaQGg82mRNBgdNqNMMNq7LoBZmb-2BlwrOPsmYHh4h3dir87B3xMzz6s=
4majMgkR5kDLYCD3" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cl=
aimify</a></b>.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Portfolio Companies</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUptWmApdfdL9kgZpejNsFl8AlKoEzv2OCMoMGNPoNT=
sQ-3D-3DMFlE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOOR=
AGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSet=
ACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mt=
X-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgZMPs0qoquMRqrJx-2BkMp33JHuTMioL-2FLurAb=
OkBxuhcH5yrjbHp6bzugefgoQp-2B6L86QC-2B2yP6bqkz2wJYqRCWH84gqAmh-2BY-2FjkwMQ5=
lzweMFPa8Qkb2fX9Ncex8rrX5fbjB-2FoyOVCDrqomrfCpHGAXZnILkIwueoNJBMy0dyA2Xbo8f=
sJcaWEt4HkxTFeD6MMGUaOR3BJJiy5ocoRkKLSd5fitOEeCZGC4DUAhPFHBbytCY6zC9-2FMgCx=
-2Ff0ZRYwmOqQUKxMVv4Vglu33FjhEN" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">CVC Capital Partners</a>-backed <b><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzUptWmApdfdL9kgZpejNsFlkx0PktLIR7izICvp-2FVlZGA-3D-3DR2wD_I3w5d9=
c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2=
F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq=
7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-=
2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyyS=
EEFCQrnTFL0EfXDvhiuCM-2Fa-2Fjbna-2FHNo2RRLSIe1KA4X7ftic5SeZgLnzGA5D4kEwGC0d=
TfVsnibjWQLIikoNksnwKD7OiZn45CZ2F2x1rIFX9JRfA3WalyN3G4gISuDIvv5lSUplMXnvFUM=
t9XsR0q8ColARf4b-2FBPCKQMvgptchjlLti2NNbgn5bIUrZJ1VYJXeq4SmUxeVedOv1STf3gM1=
UDi9wFiBRiTMrAjd7C0Mq3lqMdqV9S83S84GLpxXB9aPjERDPqsUT9aVrV5F2qgRMBoXUJO4k1d=
K4" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Syntegon</a></b>=
, a German packaging machine maker, raised its debt pile by 40% in order to=
pay shareholders a dividend of more than =E2=82=AC550 million, Bloomberg r=
eported.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX40YxwpFukncjkpXp2xv0FvGO-2FXH594xMYhosEGS=
RNZg-3D-3DBrds_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqO=
ORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcS=
etACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4=
mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgiuA3vzUk-2FCsMvPjABHXKe0EfVEBQJoPHJaO=
y3uN4Xf-2B8XzkWMS0REYIdbxCSFP5SAhHQz-2Bs2P-2BebCGzQvRra-2BLhurR5ow6TgRkNGn8=
1yaUz-2F2ul-2FJAg3qu8S95mNf1FAYcKHMKL4MJxUid0jZQ1ETxGHV8ewy7etRg2bl5FC9QJBU=
4ZP8VPQhueLL05n-2FG8rbNgGIjac77-2FLBcAO6jf1Rg6KyaQWFhYnWgxKPfEyv49owf-2BIcR=
IU6UYO87EjSjGboXZLr-2BugvEbN91imDkwlS" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Blackstone</a>-backed <b><a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzUptWmApdfdL9kgZpejNsFl2HNpYELoI2fazIkPOtzn0Q-3D-3DHeYJ_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVh=
T2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnw=
j-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ2=
5zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQr=
nTFL0EfXDvjV5dOtj7l8KmavyKM8ibzL6qv868ogXOwMy46uPyCDT-2BMgGlH6Nlolyd0npUaia=
ci3OWC58vC0ax-2BOYDnSuv3iOgQJcDlkDWG9GO1cvQY8KlVUlNxfBjpCDJYc13kMrEBmmo-2Bm=
0o3kbF9jR6BwGF9H-2Bjy8DNdQ0y-2Bn3Oe1d9nEkoQzsIBYzdk958AiMSGMXQoYP6AZTCu5f7y=
9uPurJMtLEc0uz-2FVtwLDyV-2FsafAnZFT1gTX-2BAuL-2FNFW1rT7Fc1Oy6aidMuL2aZ7nNS8=
u0etHS" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Bagmane Prim=
e Office REIT</a></b> is considering an India IPO at a $3.9 billion valuati=
on, Bloomberg reported.<br><br><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUptWm=
ApdfdL9kgZpejNsFllxk-2FvnI2bfhRXKYL7Z-2FcBg-3D-3Djebm_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2B=
pGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI=
3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFr=
Q4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXD=
vhF8TZiyiGIHDZhG5bLcQKxU3r6slPX-2B78vSf6oAunBmNJ-2FfMLXshN5YZTohghd58RnDuck=
2mIkXvWG-2B0DR7TJ-2FMqHv5lzNf-2BsNLOA-2FYcaJry34c8JsHOFXIAgwJAneLs4Ttlnta1L=
BcqoCUUVv1m0w8euI2cQiQaAUJ79UXxWVznj-2BZ41mCC5n3-2FLzLX-2F6lb3mY-2Fq2wW0DwK=
4GqabbNOIPl6yYaEFYjBI4wjKZAmwJDQRAWiMA837kYxl1Ez0-2FZINw-2FrshTGbaWgmB56eXm=
P6R" style=3D"color: #1D5080;" test=3D"" universal=3D"true">GSK</a> agreed =
to acquire Montreal-based biotech startup <b><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzUptWmApdfdL9kgZpejNsFl4XM5XH3pLeXQ11bgm-2FwiNg-3D-3Djcyu_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7a=
rVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zs=
qnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8=
vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEF=
CQrnTFL0EfXDvg5mCrJ-2BccO1pwaDWIyZbkrJVXVtcCP1sW0faCwssyATthy2OEzYHh4fwtpnj=
U1Pc8XoctZyr0qvSHX5IIkV0KFfCgQSRU-2Bv4D5oPZYGPi0v9Y39F-2BtXOtcUj5DLq5p8ynQb=
-2F2iaaeQL5aLQBiaP5EbxBLGBeAlG2wy4Pje-2F0L352djRbeY-2FHFTQbTWbvFR53Jh7sGLpo=
g5jBhuW19z-2FyK3Do8msLlsH1xla6hohr6IgU6BpPaUMj4UOzul2ak7dXzNmCM6-2BeTqfCdHE=
VIfqxm5" style=3D"color: #1D5080;" test=3D"" universal=3D"true">35Pharma</a=
></b>, which is backed by <a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXDs5JHuEp3=
8BSHtO-2BGcZVBjSZqsPfhnURZBNley-2Fv3nQ-3D-3D8RaW_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRa=
roy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6L=
CFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2M=
HAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgJzw=
RWgQAm1was7-2BqbfEI9CiCautwkq6gs4BCfauw1DaHFd1dGPG6yOrw2WDjD5dCQ3vz00HwmHKV=
8ec-2B3wjCUxgPTJc0NRE9cDvRs1aXevOAjckDw4MQXIYe0g1yxsIVv5kNB6B61Vv-2FtRhBtWv=
shK62pPi8tfIgmF35jyNXOYWUazdj-2FAsZH6KRsqMtfRmftWdyzGRUgd3SN9VpYj8-2B8ms5RD=
R3GJaGqsUoxUCSNlpDuEMsUxzuCYIkTzwyXoPBdqYbLUnwbplBvBYoJMZdj" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Surveyor Capital</a>, in a $950 mi=
llion deal.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXDs5JHuEp38BSH=
tO-2BGcZVBZH-2FN1JG2sbEOIGqsX8y8iw-3D-3Dv9C5_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6=
VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr=
0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV=
4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgiglDSfm=
I-2BJ-2BGlfDgc1sVFet9UabQcfW9cCJdAMceeQdc3zrqqOwhvUwoSVNhbzWZ1RoVRBCvXXEAEe=
zn-2BH0csXqW8v0wANNa-2Fu4fQY8n9bYjU9PJ3A8H8Mwq0xPgdj2ucwEDu6mg8UBzS2uHChCNq=
BUlv3u85djxKO7AcgCPo90KJBYW22pAB0-2BzkKtEldXzVsp-2FtE5jdCYDke9b3gHV3PSxNCDa=
EzUIfms0AIzRi8WBYrtd-2F43iI241u3LMnlIwCuLN3rPFEzgcRaNv2mh03" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">StepFun</a></b> an LLM maker backe=
d by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXDs5JHuEp38BSHtO-2BGcZVBcbSrQRR=
6LMVwxBQuYtqlfQ-3D-3DQyQ6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOF=
Oy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6Y=
aGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2=
FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvic1j-2FOqPMN-2B3MizP5eMvtRn=
PPypsNB73k0IaoGvb-2B-2Fl2tONl4TMPvK6mt-2FvwP0xWBUKsRHPhkPgyjK8kN4hdTQ0jZluf=
9oI611gEZ3xEMaP1H2qp7K0Oi4HSOl4Zo7D4kA6i0kL6uYGRidC8hbBUBl5p9f4kOZjrOfCIOXN=
k2gFm07-2BzAJ-2FjFOurH0HX2vhun3Bp-2Bc-2FYHT8qU1jZm8-2BC0ZKiI75W-2F4MvKLqQCg=
7qFEhk0PzpBMNWj9J4lJwq03gQWe0qA47E08RkayYRUn4CyE" style=3D"color: #1D5080;"=
test=3D"" universal=3D"true">Tencent Holdings</a>, is considering an IPO i=
n Hong Kong that could raise around $500 million, Bloomberg reported.<br><b=
r><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXDs5JHuEp38BSHtO-2BGcZVBSiCpPmCRX4=
t07qqilo2zzA-3D-3D5WUR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6=
YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGk=
MIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFI=
my-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvi856lY4EjobbB-2F49k0sz4yLNyfbb=
ombRZAnHeSZuNQz0PAcKDdlhgHZqyt-2Fw0Kc0yW4X1onSxiVLO-2BDk7EQhHc7duwrrjkmcoUf=
u5mgW09ZWtgxhg9-2BOeFsPIwWn6c4f4TiiUviJgHjKiCcm6wrF1mCTU2jWWceOpLMYvEZnQ46j=
okLPgxCvnvMVGxcy2F49myx7gfI0IFeUiiDwpjzuf2G0GUqYrO79TJcxK0Dx-2BSlu-2F5dL9g9=
bEMErVvgK94x6PFmZmOcXMWeDWwLgZNcOCl" style=3D"color: #1D5080;" test=3D"" un=
iversal=3D"true">Verdane</a> exited <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzXDs5JHuEp38BSHtO-2BGcZVBxsYgq0uYzLu3hccYqQVPPw-3D-3DFNZF_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2L=
kkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2=
BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zd=
wctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTF=
L0EfXDviXxUKt27ABKJRmBpxOnsGNv2axJe6pft1VWbxfg-2BXekpz9SbnNCKAC6IxmEffjWt-2=
B1bgON3jNUdSwfBahcSbXPMhZ6MfZFDdAllOKniDirwxlzdmEImHn0OEYv2QDxhzKWFrtz5dbar=
BWEMaFhKCmvWULJEdnqdYswBo7Fd3SwOXr-2BhXh-2BBj5UudR8WHUOcmaPMhb-2Fbozh4smwG-=
2FTLir6EoJAlRxMF5BQj2S35LgLW26U1rYKn729xBqeePHy36PGGwGej53scopC8suaNHhBR" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Cleanwatts</a></b>, a=
Portugal-based renewable energy platform developer, to <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzXDs5JHuEp38BSHtO-2BGcZVB5fNSkh2csgdC3WF3sPgcFA-3D-3DRq_=
V_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNG=
TVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZW=
F88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwy=
g77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZC=
L3fcXyySEEFCQrnTFL0EfXDvgBybhHF7sihmy1WpJO7UQ4FEbL6nlalE3g-2FdTvRW3J-2FUAI6=
D8Ezhm8sQcZxVkd9AsDH9glrnVHCUb0FTTDo2rX8AHs0arWjIeAjEMdvW2ozHMlzB6mwd0eAr69=
nRWh7sU5Le3nGnv8-2BR53qlateKhFEP5wzZRoriQoQ703SkE93KSnR35H7KHRqcB-2FM-2FUnR=
f1hZ2lEX26QycSdN1MQoHYa9lX37Po9AP2rpOX16FU4P3FsZAchC5n-2BhmbBIzboCxusYRfcNY=
i0neqSRquJlhm0" style=3D"color: #1D5080;" test=3D"" universal=3D"true">DWS<=
/a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXDs5JHuEp38BSHtO-2BGcZV=
Bj6uQBN2lyMbaKI3nL0G8Gw-3D-3DTVGW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flD=
LJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlp=
zm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0=
T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvjBuo0YpXvyYRe8MbchH=
o95s-2FQK2wEbUqaHw2LHnxDIbYCiBzZ8kd0OIVh39iziXLwr2juRMqqCJmMqyc-2BHvSNSfFNN=
PrcIsfQSgpPc0zIa0S32SO2sNJSWc7UZS4ugfk9umjE5KFwVrMMy5D-2Fv-2FOPv3yinZNQ6Kzu=
KFDV2r9FEkzfcyXxTVYLWlKq0KQ9EUHIIjTfZZeqkoJnKio4f1RoXAZ4eay32q8siHpQVa6x7CU=
bqW1-2BNVd1b31cbI7D1WylCu2RCRzdvyiunJA-2B1XpAw" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">FedEx</a>-backed <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzXDs5JHuEp38BSHtO-2BGcZVBnbbu6ixKquDjt1maAQfjkg-3D-3DG-1q_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7a=
rVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zs=
qnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8=
vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEF=
CQrnTFL0EfXDvizfn0q-2Bf5n-2FpNpiBuL9tYA6euMkyqyjcrDX81HLoqlE6sXV4qnR54tQAh-=
2BoGprAK-2BMTZrPRLHe2eB2X0jlWHNq0s9-2Feasbt25EPnfOP9sxCCA0aeKODL1qfg88CzEg9=
Z37a6dppig5jDWSPijTGe2Sff0bxmDiCFVesdSc-2BwCk8GhiZ-2Bc9AGIIbvCUntI5hPEI17q3=
ujqVgZ77-2BcY7plJBhDMNckIJhaMfGlV-2BkyebzREhOXL0f4BgB2Biv740GB-2B-2F1u0Firt=
dULuOlE6O1Nev" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Harbi=
nger</a> acquired <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXDs5JHuEp38BSHt=
O-2BGcZVB7oVMKicsiF4D52uwGLeRKA-3D-3DVez8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr=
4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0Et=
H-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex=
6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgDOVbvy8dTZ=
ov3I-2FIjqOnIVD1L7Bibm0zvgvv-2FFT8MZQMs0M3fhj-2FTO78vj3DaKndEBt1-2B1TShX5f1=
Wpr-2FC4p7EQPYgWlFiXhWynupjcyWP-2F2SLsHrFXK0cJx5VBIkOkqNXv19Tp2MbyYY08-2BuL=
Rph46S9HWVrtQIMbI66ykbGSXv9Kgn2sH9hdPKwYzPy9h1Ujq1RnqDM-2FV3bI0IGQyEPiF0dAf=
O25xaZJDdEAQaBVhpjaSEBMP-2B7nv8oxI9M6cSRocqg5Hf0Kb894wOGDHm-2B" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Phantom AI</a></b>, a developer=
of autonomous driving software backed by <a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzXDs5JHuEp38BSHtO-2BGcZVBtSJaLWUDAnuQyP9Ajp7ZlA-3D-3Dzg2s_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVh=
T2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnw=
j-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ2=
5zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQr=
nTFL0EfXDvhJ07ydekBDZJTl1ZXkxIpZysqgRh2uxaCfImPOhDwRfI4nnGM2vdHqV-2FtnoKL8X=
Y7iVkhRdoipojbksXrAA7hwfYHZuX6QwG0qIOympCd6lT9vTTtsAIIOPa-2FfXhRh314UbaWNmx=
BeeuXZ1A6fFgcxfXoizGI6r-2FGbvNm3A0jWnYwPTBMalkZUpXBSkENepWtV7NfnC3jdFQdYyHJ=
2YXK1KFYfD6P3PdzUMyMkYgmksVFvhqn3-2FDcUOZEdaZiI72-2BXN6cItC7hd1d3XcZlbDyr" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">InterVest</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>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"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGyqR-2B2rBfExQsFSdnMSVwwoUTlUBsKKsDz-2=
F7QbwdBrA-3D-3Doqpy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr=
3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIU=
dVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-=
2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDviCB4N3k-2FYjpRJwfeN8ahUtk1j4L-2BP=
h02f9DJyGMITXdY2ck326OqBL29S9yrQ6S53PRJvr2PvJoPK19wr6FSiViOQfIhXyFu2WULTLq-=
2F2keADVumuNxv27njCpgCAxrI1fhbasA299cNATBBE43JrwZVtUJXEShexcX6rpfi1rfPhSA8x=
JQtYHTZMx7M7w-2BdM-2BdiYKGOD23kB6OZbu7Vr5xMzshJJROBpW2h6QNbPDHv77GEZQp-2Bah=
9d91AI0GBXdVJghb6eThSyyodLRBBbwx" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Novacap</a></b> closed on $3.8 billion for its seventh techno=
logies fund.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGyqR-2B2rBfE=
xQsFSdnMSVwbUPJ5ojPGs6E-2BfG4sK2o0Q-3D-3Dltde_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy=
6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFn=
r0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAx=
V4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgkiwKsw=
LEeTjJ1WP0dalTAigulL0655aZwSxqDBRf65OcL0qRFWFmVzNUSLxY-2BmIMY2euqk7lSWsC-2F=
KRf1ufb-2FYAKKqFLm2SxOMC9IQCAzFu-2FLQELFw-2FZ8OSHbtbyTlbw4eQTjMr1y7HkWUwBEN=
wL1Jm7TS8H3f6TAxLt1Q-2FbZiemqq5riOagxJotwi9-2FJsI28-2F5vH2HFvFezzMZXcFQ0JBd=
NWWhXo0iDlGMZU9Q2syUNvlEoIQo-2B6CmYNGshuP2wNfY6Mt-2FarNl0G7ET-2FQIvZ" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Updata Partners</a></b> r=
aised $875 million at the final close of its latest B2B software fund.<br><=
br>
Healthcare-focused investor <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzWGyqR-2B2rBfExQsFSdnMSVwMmm5cLaqtBH9DuZIkJ5bGA-3D=
-3DTYgS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDop=
aqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDX=
YpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2Fl=
ieULZCL3fcXyySEEFCQrnTFL0EfXDvgZVcig4ww8f4tJwTr75v53GUXFvJ5XztGTqCyLDLOD6xk=
yqjBD2s5mXQnLg6ZZrJLRgQ4et-2BmmfiBsAHfFNZgwIs3kOcWiPLweauU09Mn0a5qLqOaBzbwy=
FpgH0Ze1C5D6tj5PAuLDGPumNvDwkHI-2FzkPpdYUdEfQqU9amfOoc-2B56im4nOYHjFCF1OVBM=
yQSBUQDitDA9OonLrlMA-2FXekuc1wYlEXNo2xo-2Fde7dwV8PPMn2wYLsyK8zX3BHPceLl3NoI=
GMXiAU-2BSZkUYORvEHN" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Ascend Capital Partners</a></b> closed on $791 million for its second fun=
d and parallel vehicles.<br><br><b><a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW=
GyqR-2B2rBfExQsFSdnMSVwB-2BmQCTdCYogo1aLcaQAvFg-3D-3D3sGO_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkk=
k-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU=
4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwc=
tmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0=
EfXDvjZPjGXznWXHaOKJ84HumHpV-2FzrSSNoSpbjqERKIw6C9liAgDiY2cCe-2B-2BVgLbgM5w=
85X-2FanxCSAYS-2BRXcgcZkowrEjDcGgtoRpq969et5JQsTuLH1psFv82TGt9-2FGx7iKoeO6J=
FpaS0k8MzIt8jkK6fuGblrsgXPyDuQ6yCzdr27IO1aL4nWV42hscbKTo2zY2W9alICKTgQHrPww=
C1SqFVpJ9mXXDImbayA0mNDObOMx04j0BL4JgzL-2FkW7y0yYJfFDzdKO7LQPF-2F-2BUmXNgOU=
3" style=3D"color: #1D5080;" test=3D"" universal=3D"true">GCM Grosvenor</a>=
</b> raised $625 million for its structured alternatives investment vehicle=
.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGyqR-2B2rBfExQsFSdnMSV=
wbIBZt-2BZVDWCl9rM2JHL5kQ-3D-3Dt-JW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9f=
lDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuH=
lpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoL=
a0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvjO0rlYgbRcRXjYTWy=
xYr95HHFcpAzHysCwh3b22FRTr9bPsFsHDPIoX-2BsjJ8DB6pOAqODDKQGOcwaUB1rN6yzbQWcZ=
opg3ighU5bWZpP24ifwE-2FzyEBkBQwS7iKhIh4qc0MMhkl281brB49398K-2B58I-2BCNXaRvq=
yDHOUTDbvdO6uJwSMdAmEX1-2F4RyZbX5MWGgwd1UbW3TEjYZpcr9m9vBaWlvZaOHMwDBPN45LO=
sU6-2Bw-2FVYjrLXkjywXrA5cUhmCps1uTxq6slFeJABSRx4LQ" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Gore Street Capital</a></b> held a first cl=
ose of GS EU Fund and is on track for a =E2=82=AC500 million final close by=
year's end.<br><br>
Renewable energy investor <b><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWGyqR-2B2rBfExQsFSdnMSVwTg1smqbeic8i79o7C7nlCw-3D-3=
DX8L4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFW=
LhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaq=
cAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYp=
Cnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2Flie=
ULZCL3fcXyySEEFCQrnTFL0EfXDvhEOKEdUx0I2cI2pRYXrDTz6tZizOAR57wP5U-2FpcKZiyGD=
Gu9ehuB7GBxrfteHFvJYHo91IuRx0mZENX12jysoVnlZiy2ZBumybcxloJATkQ-2Fp3pIdBKxBy=
Bih76fVXgD2R1-2FjPLUCzj4qNmDLrKRQezDjkbSrMX7npFSHh7ee6bZ8BlBNPkDSMfZEj90EE4=
948AleJ2egpjm9fO1HN4aAnAGss-2F3DWjg1DtYnpsew1P3RodzFpshCBnFPkqP01dbu-2Fm46Z=
9svp-2FFjY5e4kvOY6" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Energea</a></b> launched its LATAM Energy Portfolio with a $100 million sec=
ured credit facility.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXDs5JHuEp38BSHtO-2BGcZVBSiCpPmCRX4t07qqilo=
2zzA-3D-3D_Sy8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqO=
ORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcS=
etACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4=
mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDviO-2FTU1-2B-2BwJaWWdGBQU5rkMuAPbGUtqY1=
MC0TqOplFaH3vAIK2bm-2B9IzRci69tqyz2Gv2nb2jgUEn0pq5fqyGIhygoqeByrx30v9YW4y3t=
NQO98gMFA9I0hOWbEcAAipF7pHI8jTkf2uneMQkduTr5n8jDLXwawKTVw9PUKEEWYQ0Jm2gZCd7=
K15uYk6QX4alm7x8zyMq21jzUoT34GtXFsivJKyTJlHzMdZ7NwRPzgnhtpVjBNvlyjtLQ1ozbPv=
vuCirBjFMCNC9PjhXh8lejD" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Verdane</a> agreed to acquire London-based VC firm <b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzWGyqR-2B2rBfExQsFSdnMSVw0gORQZy7J0Yz5AE3LTCN-2Bw-3D-=
3D2I9H_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
WLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopa=
qcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXY=
pCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2Fli=
eULZCL3fcXyySEEFCQrnTFL0EfXDvhPBZlB4bItRqaWa9AjepvcwnO5mzRYWarQ6OhKp6fTzx-2=
B3dzWCKytHFMoxv6r2ri9SIRBXZPQg1qI9u4LrqL7RXXZ9rU9ElRFUwBSOsNvZgNDHTq6gaVIfr=
CIY0VGO4KFdJkmEIaLhankoMgdctvLHQ7vRUzw9U5aw2XCJfdHsIkOPct4rPlE5ladtKFWNMxU3=
qTSj-2FyXT5cCmiLreCqqAHDCVAkjAElJGnLjmyRXcCR5iwBvuxbbn8Cy3-2BWPbj5Th48qpnU9=
c6U0d2iyBbcbA" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Augme=
ntum Fintech</a></b> for =C2=A3185.7 million.<br><br><a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzWGyqR-2B2rBfExQsFSdnMSVw-2FoJJrKZaTJ-2Fk-2BwICNCD2MQ-3D-3D=
DnwF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWL=
hNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqc=
AZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpC=
nwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieU=
LZCL3fcXyySEEFCQrnTFL0EfXDviUNtKtvLMIP6gGNQW604uocJlXrXiRXDVieHZHtY4wQp11tz=
Fl84YIBe2P4J1n-2ByrR-2FNEwI9XC1goanhXH8Y3-2F1wN3owkjkdggr1Y61WWLzFmeMaa-2BR=
hc7afg9Xw2AS-2BIBZeypwBcD7WPC1cB9ZiwtwqKqxf5MSaeF6k3wzqqELRZyPypyKmhe6c4AQa=
N4wQmBwsBOI68pO-2FXMoGWYPn287eo49tQ4SJ7KTKT9maI1KkTuzYEPbA0NZ55QmtuCbNDAUMo=
n5LlD9eD3nDANIJx2" style=3D"color: #1D5080;" test=3D"" universal=3D"true">O=
ne River Asset Management</a> agreed to acquire Switzerland-based <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGyqR-2B2rBfExQsFSdnMSVwChi5o-2BPNu4K9Sb2Uv=
HSYpw-3D-3DNCC6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryq=
OORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYc=
SetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq=
4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDviI4HVq5EdMIoYrX7rcUFX6PqN7BBeLtUu-2Fx=
VPFuPzSiW0JZ6yFQVIpsZXD5njZA4BrbXpzldza5SVwJaaY7TzBrT9-2B442DOZNX0fUvNH4kle=
kgKJWYo1McJKcj6sZH6jGN2dBItuqM2jUWDJssyTUjrgKl3GhNx6Yx79LAKg1o58AR0sIMVZsFS=
lTQ4ZBc2kR3Fqy-2Fck1M72t7OVnStcX8sNhgfV1EIt1hIMJdeg9pc3KsEGSLv7nDXxTAfUEYB3=
QqSQxLOL6ipZZHy47WlqgW" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">LGT Capital Partners</a>' <b><a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGy=
qR-2B2rBfExQsFSdnMSVwRCj9vClsJw1WQNyl3o9I4Q-3D-3DKobW_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2B=
pGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI=
3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFr=
Q4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXD=
vjhFwI-2F76Lbe-2BP8vWDyYSccLirv48o19-2BpS3-2BzzydTi6Cv-2BZEa3eTzBLwgDhBjRUX=
tQFAJQNS3KLmFARCinyMC1SM0vx-2BbfN4SmiqfrWlPN5LkpOPgCpic3wDOiqw3JlOYyXjeOCey=
HEIu7PesffpFEZv-2FVFjSwpnyPMSGd4uR6PSnE7CiEEvACYhnlWYd8cPIjjHPHvJPgY3i1asCc=
rZOddTiJnRZVJwLliEjmQjNSmyu7CmmVq0P0ROfblBKR-2Bp1GweAjZS50F68kD1Ws-2BPQg" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">quantitative investme=
nt unit</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>Corporate M&A</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIk4OFfugQ46g7JUJWguVKYqE-2BqeUyIq5f36m=
iTKm-2BxQ-3D-3DZUT6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy6YSr=
3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIU=
dVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-=
2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDviAXxBgeEbg2Z3eevvBCCjA1bRqy4RR2C5=
60R1ixp-2Fu2S9fxj720dEVYdsEh4heUN-2F3ZET5VOc9c5na1RpS-2BIktKiLTAGvMsE0nLG9q=
XSz-2B-2FuyUypZHQj3rd9t5sLdbUm39lmu1FtLGeZxYtgR0Zk4m53NSW3YdNYK5x6FAK3s-2Fm=
qFDsNJhyxdSe-2BSwIw0gSTJx7OEQmxLdyp8sAI7dYNS1P2N-2FmApRb-2BXCe8-2Fiz2B0WxHq=
4pzlwgxQqxlkq-2BgBbRqrcEnZh2mlD4zGfBU4bqz8" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">UK Power Networks</a></b>, a London-based power di=
stribution company owned by <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIk4OFfu=
gQ46g7JUJWguVKIop7bJflzSBtB94-2F2QH-2F0g-3D-3Dpphd_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGi=
Raroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz=
6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e=
2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvj0=
q5Sns50EAWf-2FeKOoJ7WGaFgtoI3SlvsCakcCsDHe6oCh4f1Cqth0ef1-2FH4oqLzuVLJYx7YQ=
Vz8ARRoJe2WC-2FCHsS7vkLKqh94FG7RXR0G2IpOL3XszwiIl4CdzoiNbhBBJwiKK142I9YyfOu=
bT1zes6hBNe-2F9kBDfT0DsyD9CTkW1iRGC3XkIN8MJiRHjWIeQ883KpPWH4QjTokB13-2FejUV=
retTY-2BVgXdRE8jsj70JC1pupvtN25rPrg0UZL-2FIJojtZ4exGgW4PPs0hn8fRD" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">CK Asset Holdings</a>, agree=
d to be acquired by France's <a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIk4OFf=
ugQ46g7JUJWguVKmvuJRJcNIsB7aklC9-2F-2FeWA-3D-3D_UJB_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpG=
iRaroy6VYr4xle9flDLJNwjXOFOy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Y=
z6LCFnr0EtH-2BuHlpzm0TSb6YaGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4=
e2MHAxV4Ex6amdoLa0T3DLgo-2FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvh=
jx-2BsnwRcSbY87zzgh7cjtRx2-2B1tLqMgCM95vDYTBEk70Ro5RVHOVbsMAHMWyO8GlHU-2BF0=
hHz0BaBxq0ZrO9vBVd-2BlW5Pu-2FW4XA0mB0O0bo7OxeFFWk5Q2il5FOi1s-2BmcFl9mjVCwu-=
2FWB-2FxHbQ1aPY38jLV7SMW6YmcXqtXJsriwy3ZqSD2iTdesagDTGERbL1s1afhUDRzOTtjwNZ=
B6Gq-2BOfOe4g1F10spTrJ21hnHye6Dv6okU9v3pRGq-2Fzs41utEUdM3opHkXjQXd4YETlp" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Engie</a> in a =C2=A3=
10.5 billion deal.</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-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table 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-2BaqM7ONnvsnswouzVIk4OFfugQ46g7JUJWguVKj9jZsPde5=
KpAl7Ji0jJuzA-3D-3Ddx54_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOFOy=
6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6YaG=
kMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2FF=
Imy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgbTOsSCqtc-2BLKFXTPBIxute69pK=
ZT4heFaMsQba59vYRBBtWRazK-2FkVUf6P92zfxUlUfZ3sGZbGwe5dkcGrebdK6mI56PVM9ATKf=
FYJn5JZD0Fbwgtq4BFF-2FqxuGeLWQ1ax3kVAOOPKiZMDpFGLVqV42-2FLtxtPtsIggAMb80FN6=
UrusHXzxzlzNcHRwkvExh-2FYYe1q3daWNVQGjZB5rGjdySOKgK5YpZaqeblBl8-2Bf7wwK8P58=
tr4ZW06ToZXgvahAgHpU03HDnzbXN71PPS6L" universal=3D"true"> <img align=3D"cen=
ter" alt=3D"" src=3D"https://img.pitchbook.com/news/72887.png" style=3D"bor=
der: none; width: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
</tbody>
</table></td>=20
<td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
<table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td>
<table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0">
<tbody>
<tr>
<td align=3D"right">
<table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding: 0;"></td>
</tr>
<tr>
<td style=3D"padding: 0; height: 20px; line-height=
: 20px;"> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr> =20
<tr>
<td>
<table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad=
ding=3D"0" border=3D"0" style=3D"min-width: 100%;">
<tbody>
<tr>
<td width=3D"460" class=3D"container">
<table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor=
der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;">
<tbody>
<tr>
<td style=3D"font-family: Roboto, Arial, sans-serif; font-=
size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c=
enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIk4OFfugQ46g7JUJWguVKeyppkn-2B-2=
BNG73mZSAdrudhQ-3D-3D6g_P_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFWLhNGTVC7hd-2F7arVhT2Lkkk-2BpGiRaroy6VYr4xle9flDLJNwjXOF=
Oy6YSr3ryqOORAGDopaqcAZWF88-2Fxq7zsqnwj-2BU4KlI3Yz6LCFnr0EtH-2BuHlpzm0TSb6Y=
aGkMIUdVYcSetACSDXYpCnwyg77B-2B-2B8vZ25zdwctmFrQ4e2MHAxV4Ex6amdoLa0T3DLgo-2=
FFImy-2Fsq4mtX-2FlieULZCL3fcXyySEEFCQrnTFL0EfXDvgio73TWGV5-2BVQ8FplMuzj2hAk=
xede3zriL7Eqa0AeppIrEIagfiwsekjW4DQ79GjrnVr6-2FaVPS8B5whDYRTASTm2VxRboK-2Be=
BV9iJraOkmTZAIEA4SIV3vnjsBSUMfdYagf29Hx7q89EWIDm6nr2tfy5uJJvU4YJx-2FZ8SNdEN=
HrSGuilxk6Kklo0aB4axNs6LoAQxeqa-2FBdnizZRJ4-2F2iBu7JoZGfl6iOmmnj8-2Fm2XYYA8=
iB-2FjglhUJg1X8GBEsCUJNlk406MY4fsz4CzL-2FNVW" target=3D"_blank" style=3D"te=
xt-decoration: underline; color: #1D5080">About PitchBook</a> | <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
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