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Content preview: PitchBook Newsletters Everyone wants a piece of Electronic
Arts LBO; S. Korea's carveout pain is PE gain; ranking 2025's busiest lenders
March 30, 2026 | Read online | Manage your subscription The Daily Pitch PE,
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<td style=3D"text-align: center; font-family: Roboto Serif, Ge=
orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa=
n></td>
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<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, =
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<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=
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
font-weight=
: 500; font-size: 20px; line-height: 26px;"> Private debt cash-outs lay bar=
e the role of wealth advisers in alt investments </span></td>
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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>By =
Alexander Davis, Head of Enterprise Reporting</i><br><br>
Mass requests by investors to cash out of a =
private fund are nothing new.<br><br>
What's different now is that multiple runs a=
t several funds are happening simultaneously for a relatively new asset cla=
ss that's facing its first big redemption cycle, with requests piling up fo=
r private credit strategies at top firms like Blackstone, Blue Owl and Apol=
lo Global Management.<br><br>
But what's also notable about the great liqu=
idity squeeze of 2026 is the starring role played by advisers and their wea=
lthy clients, who have driven the elevated redemption requests rocking the =
$1.8 trillion private credit market.<br><br>
This investor segment's rapid adoption of pr=
ivate credit funds in the past few years=E2=80=94along with their subsequen=
t rush for the exits=E2=80=94has sparked criticism about the industry's cou=
rtship of retail investors and has revived scrutiny of wealth managers' kno=
wledge of the private market's vagaries and hazards.<br><br>
It has also prompted some fund managers to r=
eassess their own communication and educational outreach to the advisory co=
mmunity to ensure advisers are adequately informed about opportunities and =
risks of their products. The turmoil triggered by mass redemption requests =
is resurfacing longstanding industry concerns about:<br><br>
=E2=80=A2 The mismatch between investors and=
illiquid structures<br>
=E2=80=A2 Adviser behavior as a driver of re=
demptions<br>
=E2=80=A2 Structural liquidity problems in s=
emi-liquid vehicles<br>
=E2=80=A2 Wealth advisers' knowledge gap and=
the role of formal education<br><br>
Omar Qureshi, managing director of Hightower=
Advisors, one of the nation's biggest wealth-advisory firms, says the alte=
rnatives industry shouldn't expect individual investors to behave like its =
longtime institutional clients, adding "I think the lesson primarily is tha=
t these are not institutional clients who are going to be thoughtful and pr=
edictable in terms of how they invest in your product."</td>
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ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXw=
BFE-2BYgbUMHjdioMhhM-2FcRCNfl5X7Q-3D-3D9zuF_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMs=
uTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8=
-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXg=
QPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02=
NdGJB7INb4ILyadnOVTOWRUWSvsiv-2BGNeDyYa3GXSNwZ0gjTV9jvt76VluHH6ll7Q1hmEMJEe=
gYMb1AtesCARFNQgUHSCa5pI1g9z9-2B1ciIoP5W1-2B-2BHw5TbWPGWGYZf4Uw-2BGtImGBhHh=
TUkiRbWKlHq-2B6S66uuiRbAmDCT9oCJerKOHln73DAib-2BzUMtqFhEFI2INYvVvpj6UxZLWMx=
qaUODAxwXxaj43yMaaIkJChjJ-2FPCwIRddvEBOmKrcMyjg-3D" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Private credit's liquidity squeeze puts len=
ders in a tight spot</a></b></td>
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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>Doubts about the defensibility of the SaaS model</b> are pushing mor=
e investors toward hardware, and Europe's semiconductor startups are benefi=
ting, after raising a record amount last year. <a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgb7NHnqzIzcSrNi713z-2BohCg-3D-3DDazt_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-=
2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2=
OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcP=
QWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa=
5VM8PApXHwFsKl9apoxw8NpI01R7coCf82dl0lW9tLtlwDdJPHVul3qzssLAJ-2F3WOzvWQAPO1=
kFOA2BwswAzvHHU0vX1vEG-2F-2B4X6-2BgI8TxVQY8Alfav-2FOFTH3fYKCORktMAY9qvV9lHg=
HhXXsB3vfVkRK74myI4L8k1yikybvBt7UEWtiY-2Bnx1IR7PoZEArXApQWd63b4ZjLlxxrp2lA8=
9ESV7x06z3g8EeNsS5t-2BKfPNcFIKNSkkhJ5V0rAuW7lw-2BkxhJHlVNGiK-2FaG2CdJ2qzy8k=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b=
></a><br><br>
=E2=80=A2 <b>South Korea's pain is PE buyers=
' gain.</b> The country's large conglomerates, or chaebols, shed a record l=
evel of non-core assets last year, leading corporate carveouts to reach the=
ir highest level in a decade. <a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8a=
qI77gJeXwBFE-2BYgb-2FNZCeewqdkI6wq0BxOPK8A-3D-3Duxm-_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-=
2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAso=
ZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2Fp=
hWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9ap=
oxw8NpI00UvkzetLX3xcHfoj-2F63X1cNZri5BjT7YQM4OQRc4n9-2Bw0h522idDy0CsuZdbjdK=
lwQn8ba-2FMTYCgn-2BcntCD-2BnNE8uFUext6TpACktNLsoZQrOw01-2F7JRTLCutD15J4Z3oD=
A0WnZ-2ByHrqO7GcNWuAtA6IVG3Fic89Xs3CZYSDeWOxubia-2FiPmejBb8urTb2nV0PHFal-2B=
c8D88gtyOx5C4XZhmq8651pP4B2IucyIDU43oMXnhnuSlmD2uaSbodP7wcF-2FZiI8b9jvNEmMw=
eAcLLk" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read the =
report</b></a><br><br>
=E2=80=A2 <b>While the focus of European pri=
vate credit shifts toward geopolitics</b>, the impact of AI tools on softwa=
re companies remains a concern. Market participants in Europe have been mor=
e shielded than their US counterparts. <b><a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzXAft8aqI77gJeXwBFE-2BYgbD8VEyPyi-2B-2FD-2Bi8xMnWftWA-3D-3DzdV3_I3w5d9=
c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2=
BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2O=
mQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQ=
Wi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5=
VM8PApXHwFsKl9apoxw8NpI02hhRK6jY2mXYYr2lFsSIyb2yWqe0HYzmPXHFFRmqjMBYAkSJlQe=
01uEA6IS7KlU1VXzmFTnjv6LGb1QwZq5j-2B6koGj35msr1-2BUCpxoObCSuSbUj6n-2F1H-2Be=
FDP7ZqqkP7E5OZ3NYLFEv8qPcBgeeUHnnWEsg4A9iznXT0xxQdTMY6dGQdP3BNJ9gX8IFkkR9my=
qA7zBlnf1X2zK-2FP-2FLb6QQ1ZaFTm8dznDlfz580itIWR3-2BErKPCHoL7-2FYKiSOsIEDeuY=
AbjHpwbpQDixlnr3Ig" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Find out why</a></b></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579225" id=3D"n_579225" 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;"> Yield-starved credit investors=
pile into Electronic Arts LBO financing </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;"><i>By Sean Czarnecki,=
Sr. Reporter, Distressed Debt, PitchBook LCD</i> <br><br>
A moribund buyout market got a shot in the a=
rm last week after Electronic Arts wrapped up its $55 billion deal, the lar=
gest LBO since the global financial crisis. <br><br>
Investors piled into JPMorgan's order book f=
or a total of $50 billion from 500 accounts across loans and bonds, accordi=
ng to sources familiar with the matter. <br><br>
The sheer volume of orders fielded by the ba=
nk underscores that the LBO market, while slow, is not dormant.</td>
</tr>
</tbody>
</table>
<table lang=3D"x-content-area-bottom" cellpad=
ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table lang=3D"x-image" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" align=3D"center">
<tbody>
<tr>
<td align=3D"center">
<table cellpadding=3D"0" cellspacing=3D"0" bo=
rder=3D"0" align=3D"center" style=3D"float: none;
">
<tbody>
<tr>
<td style=3D"text-align: center" align=3D"cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbY1JAHI5=
D38SV48XrNtV0GA-3D-3DBleQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h=
14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPN=
FByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wR=
scENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI00eGOgVPjUrzn5ca3I4X=
vojWYPIdoBg-2B3QiQPh9FFNSiJctbjHWdZq-2BQADXNcNmpiVQRJtY7wQ0Cj-2FfBjpw2Rhwny=
dblg-2FCV-2FmB3i05P0c7TLu4CYnfGSCU-2FP6o7nHmT7-2FZGSZ9qEQPWc-2FgHAnWuRi7fyK=
GGnsmlWYjRiGFaD-2FGkAo2BxYFDY0ZXzwKKXE-2B-2Bn1N6c774-2B19FzomIkMUJrN-2FW3o7=
a7V-2Fa5KdI1yvO2UfluSvs3H-2FhXUGsi9vGiLAARaIiyTJ2urqUKx5jKMl6G5M" universal=
=3D"true"> <img src=3D"https://img.pitchbook.com/news/73510.png" align=3D"=
center" alt=3D"" 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 lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;">EA agreed in Septembe=
r to be acquired by Saudi Arabia's sovereign wealth fund PIF, which will ho=
ld a majority stake, alongside Silver Lake and Jared Kushner's Affinity Par=
tners. The $55 billion take-private was supported by $20 billion in debt fi=
nancing. <br><br>
The Redwood City, CA-based video game develo=
per and publisher behind Madden NFL, FIFA, Battlefield and The Sims, courte=
d investors by positioning itself as a safe harbor in an AI era, highlighti=
ng its scale and its above-average credit quality for a buyout target. <br>=
<br>
Sources said JPMorgan won over skeptics by p=
ositioning EA as a studio and publisher operating in an industry with high =
barriers to entry, characterized by massive audiences and the technological=
demands of multiplayer games. JPMorgan also pointed to the company's hundr=
eds of millions of dollars in annual licensing fees. <br><br>
At the start of syndication, EA and its back=
ers sought to maximize the amount of pre-payable debt in the deal=E2=80=94m=
eaning the company needed to offer a discount for the term loan B tranches,=
which can be prepaid. <br><br>
As a result, lead banker JPMorgan offered th=
e loans for 98.5 cents on the dollar, a relatively significant discount to =
par. That effort appeared to pay off. <br><br>
=E2=80=9CThis is a safe bet in a world other=
wise full of questions,=E2=80=9D one source said.<br><br></td>
</tr>
</tbody>
</table>
<table lang=3D"x-content-area-bottom" cellpad=
ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table lang=3D"x-content-btn" cellpadding=3D"=
0" cellspacing=3D"0" border=3D"0">
<tbody>
<tr>
<td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbY1JAHI5D38SV48XrNtV0GA-3D-3=
Dwxqr_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF=
-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF=
4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb=
3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-=
2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI00VW-2BhgGbt94gLM2ZFH9vTQQLfDi38lHij-2FF=
Sw45ejb7w5wLIbVFqIzRCvJJnbWj8pxfVoi0JSdmtZ2-2Fa9qc6K8PqvGrbofKsEiU6J5dPGvFI=
qRu9ZkRBHyJTHw6P0eMKdeMb-2FNCa-2F8oy8fJ1ZZRF-2BLIsFaqRQN3D0rjcJ5-2FXxRjzDET=
aWnij1dCU8SU6uk-2Bd-2F2savzG-2BonVkQJYk2YnNfXDuUgZCt3QfDFzgqJYArwK9PaTq80Ax=
O2-2F2pEZVFGS8hDoWNd5kRQ42oBzhpjneRk" style=3D"font-family: Roboto, Arial, =
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eft: 3px" target=3D"_blank" universal=3D"true"> Read more<img src=3D"https:=
//fonts.pitchbook.com/newsletter/arrow-right.png" width=3D"24" height=3D"24=
" style=3D"vertical-align: middle; margin-left: 8px;"> </a></td>
</tr>
<tr>
<td style=3D"height: 25px; line-height: 25px;=
"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBF=
E-2BYgbYi-2BPe56jiSKdzz5zLcTXjw-3D-3DnrZY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuT=
N-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2=
BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQP=
VpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI00hR=
ehTep0ZIpYlFd8v9IGgby-2BmIB0wMUsDCgwM9FPMet9Cs-2BiIb58-2F9V4jsZBNr4xIsbNLA0=
BLUQcpkPvvvV0XXasnk4F8iWdx-2Bwp9B01ykUXQ54ZA-2BrxRPDo9FzJ6avnh3dru-2BMW-2Fs=
qz3nbCjcQtolgBGOfzvsue-2Bofkquk3CejHMFSIyUaNdefxaMrwV80rgbwSyvL-2F18a-2B0az=
Ptxnphw4SAVKGqytba8ZpFd89dpSLwj-2FvMsQG53G3J52t9c-2BIKTfyJcYcD5G2hY5ilU-2Fj=
8" style=3D"color: #1D5080;" test=3D"" universal=3D"true">EA=E2=80=99s reco=
rd $55B take-private underscores PIF=E2=80=99s long-game ambitions</a></b><=
/td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
=E2=80=A2 <b>A look at Waymo's exponential g=
rowth.</b> The autonomous driving company has skyrocketing ridership and is=
now providing 500,000 rides every week. [<a href=3D"https://url6380.news.p=
itchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzXAft8aqI77gJeXwBFE-2BYgbaWtW5wndN14qhuLzkXD71Q-3D-3DcC1g_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH=
8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq=
3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuI=
Oo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwF=
sKl9apoxw8NpI016RRmb7GJeu8K0eFmxJxaqxJ3c8RhYVLuhDrMZ-2FxrmH2US9IkCz-2BN1gmN=
Bia6VVmQcAeEJGWzZ6NnxgYv8Co77lZRW-2BsCDeQz-2B55BvNDN6U6yuR-2Bp-2BdYSI995r-2=
FAGrpVy8kQVDLuAPYrrlM22-2BRJrRIixoQOI-2BqQS2D6Sg-2FusBzynhjANmwrDrVqkfFKwma=
Cl3rZp5gTaYDQmvVjztuLk63ELSlPP4cn0V-2F45pjxGPquaa42ibkhkPHn-2FXDKEry8JMgbvH=
YRvgqgUAtAEwgO0Y" style=3D"color: #1D5080;" test=3D"">TechCrunch</a>]<br><b=
r>
=E2=80=A2 <b>President Donald Trump is signi=
ng his name on your dollar bills.</b> For the first time in history, a sitt=
ing president will have his signature on US paper money, replacing the sign=
ature of the US treasurer. [<a href=3D"https://url6380.news.pitchbook.com/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJ=
eXwBFE-2BYgb7souj8-2BN9D5z0ZSfB9gjLA-3D-3D2285_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hE=
TMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZi=
WW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMV=
qXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8Np=
I01Rryif-2FaG5BXXEBhVXjf-2FlTqlg4LOAa0u36uUdODOpjWNut4p5dhvA-2FGDgOUehz1JTP=
-2Fdyff4pu1JUl1mYXa7qktkYicyIboxXilpeMKj9MbGpk2TeTtfzwNv6gwGH781CYQQ3CRhX-2=
FZMIU-2FMqfx6RIvghrvEs6P0bjG2gUmxTrVug9oL7BmGfmWTDifoC7HbyowIs7U-2Fww0uPZ1D=
6i-2FqoHz80UI9uaPVoCLlhlbCusPty1PT03YbF91I-2FfOqozBIf3GEPcnvzEkBawJoulzdz" =
style=3D"color: #1D5080;" test=3D"">Reuters</a>]<br><br>
=E2=80=A2 <b>Sweden has flirted with the ide=
a of adopting the euro</b>, but is it in the country's best interest? [<a h=
ref=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuyl=
w7SpSWIrf6GFa-2BaqM7ONnvsnswouzXAft8aqI77gJeXwBFE-2BYgbvlGR17-2FXljVRj1EUMH=
XMPw-3D-3DOgvz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F=
9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hB=
oGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1j=
X6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI01hfTTFx1-2FktO1Dy-2F-2BgydAn-2=
Bk13cib4GDCqmcyzYQqfiVrxxC-2BxT7FalcOUq4v6ZRjazqrlKdtTDg9aHkLtGt-2Fy0IPcqJA=
eGy8BOpDJ5JgR-2BAupYv32s543R-2BzJO0EtkniCNUDBtnUV0Rku-2Bw5kfI72Wsbey01yAvr7=
JS875gHmUvg-2Bi6ez0YABhcu0eaX7nVxvo-2FSTKd25TSoFlnfaubrW33jRVr7yQDejT7yzuAH=
0ylj-2B2URiPcJ9zEdJlT5EPWk27mcn1sSGq2O4nvuEwcs0" style=3D"color: #1D5080;" =
test=3D"">CEPR</a>]</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table class=3D" " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVC39GW7iLUoKaJrrdM9eTU8gVMW2BwGBX4BPDIOBSaYg-3D-3DTjK=
r_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FA=
PzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKN=
Xv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93=
x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWX=
wNjGbMa5VM8PApXHwFsKl9apoxw8NpI01lFqcm1lJOGXd4Ubz2-2F0NClyQIinw2kRaWD2LvgL4=
gldNgpwyiiF7t8DAaVC7UVOISiexbYmrLdJmrlc-2B0ljw73O98-2Fmvn8uePRzbHeAouFZ-2FW=
o7IFzmb6yfuXc2Btxz6nARW0tK-2Bl-2FRf3gGrwKc5jt6Q-2BxwxSOujxN8adv3xdtipuvjTMS=
d4YIQCRJiYmgmOIB-2Fq90gHt8xeWUPSc7CtwEZSYVzC0pIszN-2BQ7k-2BRPLN1vDLCt7jq4dE=
iOYy4TH5FBXFfDp3rtNqOGWlpZ6ULc"><img width=3D"460" src=3D"https://img.pitch=
book.com/ads/ad4501/Monroecapjan.jpg" alt=3D"Ads" style=3D"padding: 0px; ma=
rgin: 0px; border: 0px; display: block; width: 100%; height: auto;"></a></t=
d>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 5px; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td align=3D"center" style=3D"font-family: Roboto,=
Arial, sans-serif; font-weight: 700;
font-size: 14px; line-height: 27px;=
color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr=
ap;">Since yesterday, the PitchBook Platform added:</td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
<tbody>
<tr>
<td style=3D"display: inline-block; width: 25%=
; min-width: 25%;
text-align: center; flo=
at: left;">
<div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
125
</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;">
429
</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;">
260
</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;">
6
</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]>
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xmlns:w=3D"urn=
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arcsize=3D"50%=
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<w:anchorlock/>
<center style=3D"color:=
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Request a free tria=
l
</center>
</v:roundrect>
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tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
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xV9zS7hJKJ42FWAydNKJPEP2tes6" target=3D"_blank" style=3D"display: block;
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to, Arial, sans-serif;
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Request a free trial </a> </td>
</tr>
<tr>
<td style=3D"height: 25px; line-height: 25px;"=
></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td height=3D"20" style=3D"line-height: 20px;"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579209" id=3D"n_579209" 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: 2021 Vint=
age Global Secondaries Funds </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
<tbody>
<tr>
<td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
</tr>
<tr>
<td style=3D"padding: 0 0 20px 0;">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 77.08788806296457%; mi=
n-width: 77.08788806296457%; max-width: 77.08788806296457%; 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">17.63%</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">22.87%</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;">
0.10x
</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=
swouzVC39GW7iLUoKaJrrdM9eTU0MVGujAgXw6px-2Bh4uF1DDw-3D-3DxD8U_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErek=
aKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37=
IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFR=
DuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApX=
HwFsKl9apoxw8NpI01k53jYygEQOHqa7jq10Aw6EK77W0xtcF1PbanpGxzsFCLC2KaStGroiYU8=
XEe61HPQprvLkvnU1UowkxptIO6GW2I8x8AkmjMhbdmcKmmCMKFHAJvOgeTBpJnlEoVz5P3Q3ns=
pn0Fjfnl-2FNlVULGn1Q-2FFk20IN6DZ7ThYDiimN28eaYFuss8ZJjdRoheG-2FesjHEsc9u6RL=
mff3lls-2FqEVOJo3rUfN4-2BawwjyQwNoIk9MmdauyV6HWTuyxtDyxMful2gaof7GQ-2FM4o9u=
3XBYK9c" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univ=
ersal=3D"true">Glendower Capital Secondary Opportunities Fund V </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=
swouzVC39GW7iLUoKaJrrdM9eTUwhU7Geq80y1w88BnYh8a1w-3D-3DjRd7_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaK=
H8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IA=
q3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDu=
IOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHw=
FsKl9apoxw8NpI03m5bLeFrsfiC1whyWQGv7hqixTl8j98ni71TzSsCFi7UqhNGVmYiJ0dDESnR=
pucdVETZ8PoKZA301wxIWYyQ88-2FVIRbACULPtSe8TA76EIzyVb-2FTVLK5ucbHbTmUJlUuPJH=
G9IhSTXjeobCvD-2FyeNi0HA-2FOPJE6m34BPtn-2B0NkQ9tuZjShxdZd63GImYbmoSQ2uPAPNI=
UvWNWHAXcvE3IKxGaHbuEmQHF8kjrAbRZkfaqP8Ggo2-2FlK-2Bp3QMyjykWGuS1kTJCrysj2tR=
Qc4jM1Y" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univ=
ersal=3D"true">Banner Ridge Secondary Fund IV </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=
swouzVC39GW7iLUoKaJrrdM9eTU9TQO4BUXdz9EwXvnn5XuHQ-3D-3DeVo-_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaK=
H8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IA=
q3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDu=
IOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHw=
FsKl9apoxw8NpI03o0tV8PwLAg1njGKu-2BiWizeG6qSkNac6IqjZ9sVxqA1zKKCgbMOtrgDnXU=
YBVkhYFclztvkxI4XkIWTSNdbZqnmKNd2uYx1g6XtBt8uQWCSjM2uvs7meUV584EAfwpjnlfclO=
3XMbJcetON4cUpgY-2BkpKAN5stcJ2Vsvi05ex2niQAl2rAgBxyyrxOndVa-2B1nAsaoC-2B7nT=
Qb0-2BKf2sjQRQaMwJyNIEC9s5ulP2e5nuxPOydVx1-2B9zQF6qADmmXy2lXnyLJI4amJrPED0E=
ebWce" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univer=
sal=3D"true">Patria Secondaries Opportunities Fund IV </a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"font-size: 14px; color: #78766F; =
padding: 25px 0 5px 5px;
font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td>
</tr>
<tr>
<td style=3D"color: #1D5080; padding: 25px 0 2=
0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVC39GW7iLUoKaJrrdM9eTUGRZK00=
ptFM6QBVnttyQApQ-3D-3DGw3s_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0=
h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiP=
NFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33w=
RscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02tzhPZTxRcySCo6fj1=
iAjMgvGmz-2B-2B0RDEvOurbXvMeG444-2Bb742L0hQeNKpvMW2FYUmzEgkC9DApC4OV3py5I6u=
sfxg49avFmxSAmentPAEPqjYDXeEhoxzU0eNLezSi-2FBGCuXTrvtBfcAzDDwev071fOpQ2RLya=
0Ti70hszJXDU1Pow1xcLe-2BYZn8gmOPqZh51EJbgB-2FxlWVEKX2QRRVYwT7-2FbWiSXcSVdDs=
dhCTzxT9xr-2FcbpRKXNqp27j5UQBLWxe73pTPhD24nMP-2FaWPnf" style=3D"font-family=
: Roboto, Arial, sans-serif; color: #1D5080; font-size: 14px; font-weight: =
700; line-height: 24px;" universal=3D"true">30 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-2BaqM7ONnvsnswouzVC39GW7=
iLUoKaJrrdM9eTUw1mwm-2B7FhovjlXmj9MAN9A-3D-3DOaHl_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf=
2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZly=
QZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWG=
xMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw=
8NpI007cSKbRbasBUawFSp8uSk-2Bycryhp1UFIgx79sUvcjdMBVDxOBCpoQa5Irn6p2-2FUhwL=
6cey9Lx5yBCu0aBYJlVj5Tr6eYkGBDlUZjeyVpO1ddZn17hK0cJwXiGceCa9G5ldIEjtmlYWRQ6=
8vhkv-2F7krjJU9WU9-2FDx55zjyjisBcFIoVZYwS3U3-2B-2BOv9ufLbIu-2BEvSm47Kvl8yLt=
yQGCA1yZ6-2Bmknf4Rhl30AZEBbjdMQTZaFjPFoo1gBAj1YIpS7el-2F-2BbYJvZBrfKVvWoYtB=
9iT" style=3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Bench=
marks</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-2BaqM7ONnvsnswouzVC39GW7iLUoKaJrrdM9eTUO6wzrfQroMnPlXfKW2FuvA-3D-3DWta=
N_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FA=
PzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKN=
Xv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93=
x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWX=
wNjGbMa5VM8PApXHwFsKl9apoxw8NpI00xsfPOjld58dTfTRK-2B84gRBvid37iKZkeJ8sjfLlg=
O0pd9fGFuXHY-2Br7zX0EhEJ4wEIIP1HbOEmTkEVdzFFJ91ouVFDyCvs1dpNq49lqRbwvuSSTJR=
DJkL6UIS2c5QGywc1Gp5PkrVK-2B-2BYPtN-2FH929g6Oj3f4E7-2FucThwpEbquWnMQCT6LsBL=
3lg2gGP-2BnoNZOMTr57VPvMrt5SmfGO8yoZsEvwtesdwNAw6UTV4hgDnpm8ay8GsEJnrpOAtNS=
NytYr-2FY79qD4zgU3OjMQGqV5"><img width=3D"460" src=3D"https://img.pitchbook=
.com/ads/ad4498/Churchillhbamarch2.png" alt=3D"Ads" style=3D"padding: 0px; =
margin: 0px; border: 0px; display: block; width: 100%; height: auto;"></a><=
/td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Orbita=
l data center startup <b><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVC39GW7iLUo=
KaJrrdM9eTUimiyLMEA-2BBr7JK-2FF-2Fz1qdA-3D-3D8w63_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf=
2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZly=
QZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWG=
xMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw=
8NpI036xzmc2LDkvMyl8C6J7MDR5eiBF2lBI2nqIXgsAdWucN0hldqWLAaFnKycnW-2BHDYK2xA=
Dx-2FkMvck-2BrLwr9Nq8Kj5LUBvPloAPvWLeuDpWePa-2FDwNFuYuu3cYFX6vSrygtC16oj79K=
YPIaNY1E2adhYeKTLtb-2BV7f1v1eKNfClVNwEjpxdNnhNrKC55RlTg1evMLUwkini3IsB6BfgL=
4ik29ZkjlRGodYDLrQgahtdOVbuqAz-2BzzmBzK8RfRShfUBWRciJTo5ikh8R8E8jyzpob" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">Aetherflux</a></b> is r=
aising between $250 million and $300 million in a Series B that would value=
the company at $2 billion, The Wall Street Journal reported.<br><br>
Stockholm-based rug company <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzVC39GW7iLUoKaJrrdM9eTUPPuveab2l0qsmd-2FhD5dkRg-3D=
-3DpyxR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdw=
kF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84=
Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYR=
U-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI00-2BbemNIycqu1FmWlJ76igq2KZkeYCUf85J8=
kb0t05OZ-2BmfyW-2FVphJ-2BP-2FFO03BzKDcaA9-2By9MSfXdjIjG0KGCvJftPdl9KHWcl1yw=
PTN6hEYenNVu5xCdmKj4cE7QRgblWoqmvbnHSNvPfyjyfkI3kW5q6PKpcWQlJz6t0SlqQ-2FMdz=
WGG-2B8Nm4KP3L2jslb4GW10S2y6GmaTbzlYG6VVziklOeKONmiZ-2Fi5rdnX-2F4dI5EzGoyp1=
UbZLl-2FlL6x8K3kaxshONMQ249ZMh5JNC9KS2" style=3D"color: #1D5080;" test=3D""=
universal=3D"true">Nordic Knots</a></b> raised close to $100 million in a =
round led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVK=
0OyNhyP5OXYpgiN1ZQUjQ-3D-3D_Dnm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQ=
i-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35w=
hLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnG=
Qb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI01C-2B-2FXl-2B=
iV2-2F7OXqKOxGCl350Eets7HhE0qraQEAZ5lcpWUErmDlGzxah6eBZgMnSfEfkXVutt4xRemAe=
SWM7CV95DoU2Z-2B9AMcFk0JVF0ke8m8sf6xtlo9iZxZKjFEIQGqoLmSKkUy5f2u-2BeD3534Te=
5-2BpzaR76xOnm2vI-2FtbnNuHQIUwUAI8FxKhqxAwIFr1vxb2Y1Hnd-2FqXFmGOrB-2Bp8WOOi=
JTA6wAsuJqItyLmD6Q5nOdW1cpkAdKAf-2BF7ImeMi3hu1nyvFxb8PT21tdutO" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Imaginary Ventures</a>.<br><br>
Tokyo-based AI startup <b><a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVxkzCGoqqj1VPLNR8hur0AA-3D-3DsfUZ=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAP=
zpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNX=
v-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x=
-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXw=
NjGbMa5VM8PApXHwFsKl9apoxw8NpI01tOZuZcLt0wBXa1h-2BVSqqeS5LTsURKlN4hWsINTvCu=
9a58vZNL4gmMZS-2BGxQ5n36BDe5g6l9Y9EyWjdMSjU56T7oSWPpKwpir-2FClqdN-2BIZ7Ej-2=
FqPuQxEGhGEwZSfj1ExKkATnSZSQ7Bju-2B5-2B8fxv94GVpOxNlnl1AlAm8IuHLJbuT5kBnOgc=
5ymfd68mPqzahvRUKIg8gOlq2A2X6gi22zdFxSF-2BHf9l4xyppS31rN5roOaJiLYQWQRdyd8uZ=
Eh0mwPds9IJEOnexXHmYbsklc" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Ai&</a></b> secured a $50 million seed round.<br><br><b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVYw4pl4lv4IsAfavsnoZLz=
Q-3D-3D0z0s_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9Bx=
aBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGY=
pA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6J=
DRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI00qD6FOfPKGxnJihoYE1TL2vKoaiS-2BOj=
cmipJQuVkQ6qXRrQc9tGJI-2BnZwmgvyDCPwgFYI2gANHFsm-2FzYYjfcxWf5EY70VR7bjXrGiP=
H3-2F-2FaI6vNCyC9r6mlhXOGvBKcLZ7FFHAookn2D7X12mWcgJgo-2FbnyDC-2BEtjXCV-2Bbt=
DVBUmNfZJNh683juWEjFPqkYTjl84zYqG1-2BrfPUvY3-2Bi1gHysj2JSFisVXRtAX7H9KnAvxg=
if5w4HUpP-2BhYkpqzISP8OyaKkfST2vTFzN43Ig-2Fo" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Helix Earth</a></b>, a company focused on decarbo=
nization hardware, received a $12 million seed round led by <a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVge8zLfFbM5v0Ct-2BYub3EaA-3D-3=
DIQLv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF=
-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF=
4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb=
3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-=
2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02MBbL3tMMmYzkYf6bYLv1qYzc-2FtSSTlU-2FGx=
SFrQ6qMD9MXjc9KjIpX2T3YH-2BS7JVc7GNwGiL2NXbkCzVoLrpeccMS3MDsNFHdcPszzFtLuJ6=
6ESnxytBUQfCJA3K0W92FlZ-2FeIBITi-2Fj-2BM6lBBn9M3tg3WzbLWCh9kDxpd-2Bik1UV8QX=
N-2F3jvhaNcu3xsdwM8cYc09-2FVohKz0CdpKzFOY-2BhlyCPvDGhAjsbth0XbewpnSpKvES7IT=
e-2FG4daGn9OjcGzsygOh2dWKRxUff3zX3p-2B" style=3D"color: #1D5080;" test=3D""=
universal=3D"true">Veriten</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_579087" id=3D"n_579087" 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;"> PitchBook webinar: US leverage=
d loans and private credit </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVk4K2SlqC0cTn7=
2bE5yXEnw-3D-3DTPrI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4=
BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-=
2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju=
-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI01HYXutU7nbOwRnjP42vMbELnD=
u6Vd-2FOJDlrSH0f-2FhSpfJZ4XKs7DoVz5zcjGMGqi7sK3tHusWFEvdKl4wbcy6mnZl1HtwRZ2=
MP38NKWWA7xBkr63smOTUNNlSyWbNH11VqQkEKI6b5TJ2J-2FBfOWqvoBT0jYC-2BxgtjUWRWEw=
zoWSWm6SijBWSy6sJDRNT6VhXuQLPzYWa-2B-2FoaL52pZcm3MFEUNMt4VZxqsOC1ZKI-2B7sEA=
AX0UcoGlTWLbNcMyHIt9OM1ECIY4tbddtjVA03zDAQ"> <img align=3D"center" alt=3D""=
src=3D"https://img.pitchbook.com/news/73467.png" style=3D"border: none; wi=
dth: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Get in=
sights about where US leveraged loans and private credit are headed in 2026=
. In this webinar, PitchBook experts translate Q1 data into actionable take=
aways for underwriting, portfolio positioning, and capital allocation.<br><=
br>
Negative returns, sector-specific weakness i=
n technology, and volatile equity markets are already influencing the risk =
backdrop. Join us to learn how these forces are reshaping leveraged finance=
=E2=80=94and what to watch next across loans, private credit, high yield, a=
nd CLOs.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmVk=
4K2SlqC0cTn72bE5yXEnw-3D-3DkD7b_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQ=
i-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35w=
hLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnG=
Qb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02ULG8iJx0H95c=
EQYq4b8o8eVUxwxImjuPp3-2B6gvJRXKqjbb7koI-2BnxYSv43yWg8tPlRZE0oU-2FB3dIewjTJ=
HhAf6zNLRmkP6GXpaOvXHohlrzypUQ9W089Hy0L42XbH12XwXrhUnujj4s1THjIVQwJes60Cjlc=
Bg-2FLO9OquamZBx-2BzFVdNaxvJ-2BaM4uj1uBOJ4-2B7a60TxmJmc8wq0e5eKbzjctCFTi2j7=
AXUFt0p1QHgmvuqpq7opZ2ptGBWz3Eez2c131uw6z04TVlQKUeyIEq" style=3D"color: #1D=
5080;" test=3D""><b>Register now to secure your spot.</b></a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmV2BzaDlmNx2FqFpJVVT6X=
FA-3D-3DyGa__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9B=
xaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoG=
YpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6=
JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI038vjYWMC4uGAA48Y8m0tIMhSVqqqqKBS=
6myt9ztOT-2BqNXFUwWrquFjnk077cixvnhtYcnPkPGtehGFd-2FtqS1b1YVsHWnzrVgvkBTlYo=
NO5LNkM8h2uP7RVimErTEgxSr2UkXCy5flDNqh564ja-2BRrbhftmjwe74pm7yLpci8qxdhdpuO=
5rAKfq-2BGS7nUHl-2FO2D24mFyhppWHBGyuiuu79vdyH4EV7CbyiRdERrFUgW9iecm5A7hNOTn=
B4Erj-2FfcYjkthYKP6ZdkYqwO9pEng3j" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Blackstone</a> is close to acquiring data center developer <=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcUSPUXYm4JkMvbmV4UiIlqfrm4Uu=
Xhoa4-2B0EgA-3D-3D45Xd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14u=
nv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFBy=
RN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscE=
Nju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI0153J6oegv9V6oITMcG6tty=
2c-2FLHDgtpa-2BaV8xEhJH7nq76W7Ps1fUuoKFeqCnKX6kUuv5B8yI3kl0cFUyZiJwUekZXVby=
4k-2BFbknKMLWVqI0-2F53Q-2B77vrRDHCD5BaQlf-2BN58iYRdZ0VzR0U-2FS2tZB1wJupAfm0=
-2BwngTi1COgkmcRTrchkLoadTFYIvmlAS6FNDL0pzBrZXCOu8UcsVdnx8lmo1nCxrG-2BjMz2y=
9nwLf3YbSWm8Ca7ZBxETMDK-2FQb1ESzSRvjE60Fse4kCctHJmF" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Rowan Digital Infrastructure</a></b>, The =
Information reported.<br><br><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRc=
USPUXYm4JkMvbmVTCZkEG8FBnH-2FHAj5cnPxKw-3D-3DeryE_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf=
2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZly=
QZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWG=
xMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw=
8NpI00fE7NkopvfBhFtVwJj49oLtFHdTLtS-2BZo91-2FegHQ21CuwudVpMjZNeJL0AAQj66-2B=
azFYm8voNQ8HTpxLE-2B5K8IlgGkm6faBH4ENvq9ENARg73EcyIlAFbKBfJo3hqU6k9QSvkmSpX=
FEJa3y42bT-2FosAOqTJz4C6t2MsNWj5i-2F650OnWDM2cq-2FyXjxgJzW1wHne87zThZSYRcJz=
IlLaZ3a2V9TgCwW5LVshNSTouyoTuLOMYzPj3XJZxg3s3btC9mGXPpjQkRIUhr-2FaBTblCc04"=
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sixth Street Partne=
rs</a> is nearing a deal to buy an 80% stake in the <b>professional women's=
team</b> of UK soccer club <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4hRcU=
SPUXYm4JkMvbmVFWp-2F5PSsfSAbsE8imgt3lg-3D-3DW0W1_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2=
hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQ=
ZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGx=
MVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8=
NpI03ke-2FUBbVLuPBtjeBnOqMWXJXz5FdcaGYbAL6o0E4TmbLU10MPIU2AD-2BJ8h0blkucw7m=
ppeqfya23HOhfiIjKNQSRCb0h3UShqPlklQWb-2FhZvz04wFqE-2FX4gjfcR1Ez9tTM-2B-2BaT=
NqVQwz2dP-2BOoOinH6MujPDl5jhlAFmxGlUtS1OWzYyhMCGQCGEUCheDRon79klErF-2FOEeuV=
eqcVeopuHDi9-2BlyRcL8FH3Vtvfnjn7FlhnueuOhjOBoP-2FJ5YlxWgx2nBAZGGczsMNT6b7h5=
nA" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sunderland AFC</=
a>, Bloomberg reported.<br><br><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZp4h=
RcUSPUXYm4JkMvbmVH1kg8ma4KYIvLtb4RQvMug-3D-3DGdwZ_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf=
2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZly=
QZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWG=
xMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw=
8NpI00-2FsSlnq-2BIzq2KMbWUH3401z3ejEEbVmNBX2QPzfxxvgfs0oFPNQE3O0N9rA6kDPiVf=
eVD7uHKs3978Z9vbe9DLT8CHT23yGSkuC3oangy5MNSspgNlCu8evacF8BUV1tsYNeYBCUFAGWi=
yAI5lbAQ56EXoytFNbfIoxCV1vfufRXQ66DZKtERQpLANhSBBuplIBCcIunlKzJqblOMfviBmL8=
NfFqiHdxeevYek43CqwBtKmfHU0JkPA2ZFF1Odui7i-2BgTmJ9Y-2BA89AQsplYKy7" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Aspex Management</a> is i=
n talks to acquire a 10% stake in Berlin-based <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VDkD8g8kXh7x6eU-2Fd7yQzyNQ-3D-3D0cvG_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQ=
cb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2=
FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2F=
HcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjG=
bMa5VM8PApXHwFsKl9apoxw8NpI02LOusov5w9t2rao0aa6lLFEu35F9JIbYkSsFDQS-2B8Pcfl=
xNYjvOQDuj2kYNPJg8Y-2FCGPSqoAbqBXiCjgwby-2Bnz-2FKyFRz6QAN9jY6AcSEVHFSbN03kP=
HjBzhEiT2hFoYPsUB0uLVZKqS-2FVcRTCuKvAapCxTisfzDAjfFPyoqvT91ba1Z5barkIeJjuKu=
u1LA3z9gTXCI28oqAou3CQVbaoQhb3PSjj-2FwGlVDFZ-2F37b5JKDGdBRhMPJ12SviHbb3V-2B=
EYdtWhZXWPdmhrjvtTDuLe" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Delivery Hero</a></b> from <a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf0S-=
2FwR0sW41Qwvhhdg6VDzfLMBmwHysSSdesSJZ5gGA-3D-3DslQd_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2=
Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZ=
lyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2Fph=
WGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apo=
xw8NpI01P11n4Rj9F2XAm-2BqmizZarOs2x6QhPx71BbnQMAdwwsNzTfZmMfrP54IQNAExQVoJ5=
ysRtxSF8dcjefZDn6XKBBX02YgC5Rlucy4L8oC1Kspsnm-2F60B88LjgK00bnS1XmBCRgQgBWpQ=
bfN2nS4ytBaPzl5JwhewPofE4okeiab9dw8Mpio5fCt0Vf5iFIC0Z3Nab5-2BmlDitFU1NMnLs5=
K9bs0VbmxjfbRe1Xcg3SBkmFJnprUSW8OPJgkzNflII68PQ9E7U0SM6IRdyj7daDTd" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Prosus</a>, Bloomberg rep=
orted.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6=
VD5pFjjwIgjAPf3VsnfhMkoA-3D-3DIv0X_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfm=
zy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2=
FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX=
35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8n=
LnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI0037elmuVLw=
4twdSkGUOeUwlcPS-2B3QioAn8nPZZGEbjRBqTxuZ7RivIRNaPk82dLEQxAzUP94bbKmID7oB5F=
YdYDETEKsAeHQtT1hK4gl-2FJYSEL6OL3BF4voP1YiX-2FZP8bD6E85PvCpOanixIlJ4ndFkjFk=
C6FFU2WcSTPjf-2BoupEEl6uypPY3stEOtMG2qwzhvPGmD4W52XSzO-2BfLfhePHACK7U5sb8ib=
mP7rxTysxbburAFQALCxhyimX8oJNkgMvEbhaq9yXUoUKAE2v2RDJ" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Advent International</a> agreed to inves=
t in Michigan-based engineering and environmental consulting company <b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VDyT2qHH-2FLMWM0e=
yIMaUMmRA-3D-3DzwPk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4=
BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-=
2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju=
-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI00leR0FPnKi7LP00D0D55akAn-=
2BqRaazJBrPwyPUUnxLTe2U4s9ktDasqz51OG-2BPIm0iEffnBJMhMvNpVsBTFXAcJDqf7KXmli=
htrguSG38x3cO4JsiXfOE-2FMnq0BQ0L-2BUBlPSqvI7UU2UkXTMWEVg961MObR6wOnCqj07IR9=
EZhoOp3-2BtrKdXMhhI2fI-2FlS-2FWeIJDa-2BaK9-2BMpSJZTcJKGEMxSdEoNzmHaW9RDdpa0=
yda9j8r7HOYz-2BYzAscoL6UfZzIFS4RESIt2weSgzVEs94T" style=3D"color: #1D5080;"=
test=3D"" universal=3D"true">Atwell</a></b>.<br><br><a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VD4edM7T3pgV1v2Ww5yWRT4g-3D-3D0Ziq_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzp=
Qcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-=
2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2=
FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNj=
GbMa5VM8PApXHwFsKl9apoxw8NpI03Om3nPZW0NoklPIFJVGJjzUBTZvsUbai-2BlDzZIVArYN3=
uTgQqUSuflq9L2POdoH-2BeEx18nUVw-2FFpgA02Cz2265G-2BlpJGzFbysF5tVxSKQ7WhM85PD=
DXR3Nt36yJA-2FxQ1MN8n2UEKuaCYh1ZEglgqVF65WQLs3I8xYs4LN8DC7o-2FNF4TxgbDkMCPH=
Cnh8C-2FMlRr6uvNJ-2BJvQjFhLxvZzYIJKL-2F-2F5bG51iN8OXK9O-2FCOpml-2FV1yx80119=
Nr7eXnISIyykB1Oei0QRmFikCnvnU-2Fm" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Vortex Capital Partners</a> made an investment in <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VDQGo6WVSIdpeXuUnz-2B=
3zWsA-3D-3Dw_ZY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2=
F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4h=
BoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1=
jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02w0-2BkqDnxxhUErNy6lf9RA81-2B=
kCVyahWXnjhchrhYrj651ylBsr3ld7aRavwM8MCivBre-2FxL70HJMt2TSuWHEnp2f1jjPjtFPj=
iQnZgnXy08VIilqpwkYFifHsRtXACH2xw0v5XYkYKCIAv1f0eH6ZAhChQYReYpGjIkxJ4W-2Fq2=
d9wScpB8lQ-2BGYBq0BghM13EZjZmGrZQeyn5uvTo8brLZnVWqEIhr8MN223s8k393tn5sVx0vh=
U-2BxjFYyNYKg1Di9TIp0ZPeTZEUnmuMB0dd" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Apps For Tableau</a></b>, a Netherlands-based apps develo=
per for data analysis.</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-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VDGH-2Faj5vIftYdHMr3=
bNIoQg-3D-3DTMka_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-=
2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4=
hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F=
1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02hMyaKvM0p1kn5X5BRqrB0hdTALr=
OKzgjMiJpJ9cm9M2HM-2BkuepYNzBMjVYvWf1G-2BlNmGWWaKDTE5-2BPu0jR53RrotNduEc8-2=
Bcigd7y1ARKGc-2B-2B5FaF9e3Ugf-2F-2BimYkg1o6ihUoGXOKek0K1CnblQClHeFW3U4C-2FJ=
97HJCOkaY1xbmttGU0qbjx4JIcCzk7P04VnsBgmJ0cN8oyJVBywpiz70m2xc1tNud5mQc2OB7R5=
AopKRlyzQkCb6EU-2BgfcJ6v69kkhFbNiFUJVhdd-2Be23E" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Samsara BioCapital</a>-backed <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VDbuPRJbv2kk3j6b00oKANxg-3D=
-3DXzq-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdw=
kF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84=
Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYR=
U-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI01ZYoi2AK7AA6PiH18tMWXLMx0negY-2BOnhvD=
M6a9N9Yfcz1MGOikgoP0d3msGSDuFa-2Bxy9EE3rG3XuB-2F5-2F-2BcCJdQ5Wts7w-2Bd27CL0=
bXSlZ3U-2BQRkg-2BJIabFiBaFd-2FotKPNJOSBEke4Y3oqC4yufxPbtboJvnReW6hKub-2FHUc=
soE2yk3GIAErlCRmR6ZPRBTW92SUi8fKSt0aLwlUiH-2BSHbfM9yPrRu1lIb2Y9UriJC-2BgcxY=
-2BHlldcBTOKZUHRO4-2BH01ywVnyyr2bh6hYTvobyjS" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Excellergy</a></b>, a Palo Alto-based biotech foc=
used on treating severe allergies, agreed to be acquired by Switzerland's <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VD1muzLwvJBEXuY=
bTudRTJ-2Bw-3D-3DjgAh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14un=
v4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByR=
N-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscEN=
ju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI01KyzMRVDCYXn7W6TYO8erKQ=
HZrUK0NiT-2BQwm6MTn3wqIOa3dj7jEsnkuZ7KU3A94BJMnet-2BslJuyJ9fsoPZAQqcVY9qFB7=
Zbu6aZV1k-2F-2B-2FUv5aO3iXbRdIPRQ-2FA9EkDjZ-2FrYdBrHXxYja-2B7PRgazS-2FG01Gb=
Btyh2yofFRoVd8b8C2Hz2ZQwsgoS-2FlKKtPNbecMq031yiyOU0ZDv2NH4YfG-2Bx3h6lgM7w3A=
-2FoMpGwzlChRZc0ZHqgYI6BiCR78nNe60Bu44HBCTm5M1iUricTHe" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">Novartis</a> in a $2 billion deal.<br><=
br>
Claude developer <b><a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUf0S-2FwR0sW41Qwvhhdg6VDZYEUMadyp4wOn6CfundQbw-3D-3DmQQ9_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQc=
b-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2F=
F2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FH=
cPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGb=
Ma5VM8PApXHwFsKl9apoxw8NpI02-2BCuYnvGwdB7oMx1mpqhGDt-2BfXMjzAnB-2FsRc1RpoBk=
e8JUC-2BirtDrlBej8SlrUR2RVKI2EeboS-2Bbh2y0eMOKBVnpPFNIzQEuFTUIhxofWP2OqU6n8=
9J-2BX7I-2FtLHtFvTx2AaKoKvmVMVxEB4Cwu3nV9UiWp1HuNVyJSRCS0r4lzmKNgNz-2F4hxfZ=
HXjsZcFmXsea3pTgeGa3TkKat7TsI3aPI-2FZShND4i7-2BvdCYqEw2acZJN0IbC82Zcj-2FBBZ=
QdWkczU-2Fbfx-2BJ7ptJdmOtDWBUrY" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Anthropic</a></b> could complete its IPO as soon as October, a=
ccording to reports.<br><br>
London-based VC-backed supplements company <=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9Itkxzsp9FgZjVI1vQO=
U23HmLH0Ag-3D-3DM5fp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv=
4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN=
-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENj=
u-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02SlkSuKVXjHomibb51XU4050=
aE5jBQav15hwfpYhSOEJ-2FEoAX6j5T7jyppATOtQ2t8gug5SzACnYeNK9ruFnzzaXvK-2F-2Fe=
j8rDHs-2BWQF6Kxv7SFYbAL5SsQh4bOQQsgZVGGNsx3OrBFZhqA6-2Bagn3Y83lJxVFVn6hJbmR=
S7PyCCpf1JtnRkp2NX-2FzydtGLzPvgPdTW9mVpxLnzufpo7uw1EydrYDJ1rJDuVu7-2FCvz7vJ=
Zdp3leia9NobH-2FxcuyuCMaSMZ-2FdUJPd8hF2aEUvVe6K" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Bioniq</a></b> agreed to sell its assets to <a=
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9ItkxzsgFzu-2B-2FZiiEvi=
nu2ZRMeFvA-3D-3Ddr53_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv=
4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN=
-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENj=
u-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02JOcUS-2F1HgKois7TPjULpr=
Y-2FlErwX-2FrncqLLCKEVUQyySnWxaVaSI4-2Be4bjyNkeo8641qRbq6WY2uVBXmfYm7PeI9aW=
UsO30ktfzqxas2W4aLgdfPbCZf2VjcZiYPCuYmt0V8RvouzHJ-2F8-2BGN29F18eqW4QUYiGHuM=
KMz2i4Uj82Pcbp3i38Qr-2FtbP18VNf5uNfEGDgeBWzDvS-2BCNPhjFgg63Jcx-2FbUj2F1AmJk=
OsBCkZADzzo-2BLCayR1VIYb0i4lpG2x-2FnCW3L2dPuSVoIG84" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Herbalife</a> in a deal worth up to $150 m=
illion.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9Itkxz=
sUFaQraRL4JXmbkL1Sz2U2w-3D-3D5gN5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2F=
mQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX3=
5whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nL=
nGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI027xTYMInnlu=
W-2BDsj8S8YlZSe6nvBskJkUHXYBqYmyFTVtcs4T1oW8y8Smf3lavTpRG0LsOKfYObwKEw21UVj=
gkEsaXge-2BPOuU8Gy33ZQY5fu5pCcXi6WkDMzE3SMM1jifMGIH0ecU-2FlDipoyXnFox7Z7Tm9=
xi0UWJSweP-2Bchn-2BLlOWaXn6C61EMQDQTapty78CpOVgEiWm8BteaL8xqyfBafvQr0fq-2F3=
6TagBqLkz-2FZ2jFB2kx-2FejcXB5ah6wHr5p3rKlsLO9MB1WiyihPkMEs" style=3D"color:=
#1D5080;" test=3D"" universal=3D"true">LDC</a> exited <b><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9Itkxzs3gKXZp8HHlBm3J78kn0e1Q-3D-3DqqC=
G_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FA=
PzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKN=
Xv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93=
x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWX=
wNjGbMa5VM8PApXHwFsKl9apoxw8NpI00SEfLQ8LynaJQvumPSEx2-2BXLqUYtA1dkTmJ6acPIn=
MPIn-2FQQ-2BBlaF3tdGTcKE2uOVxaxvlnoibLVeLNJhd2CJlY-2Fovl42mN06IeUkMgF8A8a6j=
R5nIIIpw8WyZLQVBBg5H79xHY4bmsnSnh6EWM-2BQKGcg2yTGk1CIwwn1-2FTFBJe4Q8SnvXTPu=
MitgNQaDYeirnuZEG0PNjcWR5hCQexlFWmNs9GMi9xj60o2HfniQiYZvc9CJAhoHm7gFF-2FuUO=
Clh25KA2jtNKovyK-2FqaMgcRB" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">PAM Healthcare</a></b>, a UK-based preventative healthcare specia=
list, to <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9Itkxzs-2Bc1=
BZoKFrfkWpFDYp21taw-3D-3DJKb2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-=
2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whL=
OiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb=
33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI03XYQM57jiNUTEwz=
vhyW7rPWAcBFNAvVZsLPGZ9OjkSQFnjembK5ySwUZ1Egkeq1-2BgQqS50haltfDMXAIbtf2WhXu=
JIWoCjrdWXR7X-2BanGXkpBcZPIm8akVktFwMpFYDQGLtZutXjBDJlFTQbcedkoNl6Q8kqPqj3L=
jBOVbLkjkXs0KXf-2FMSA-2FT6V35Sx8Cv9BkTPsMevZk-2FqXNLBi5yvzrGycW1tyRWGxASXk0=
p47DDLaoZFQ3oLrAqqL5XnSuawvClNhJe72Wokm43i8vATmH" style=3D"color: #1D5080;"=
test=3D"" universal=3D"true">Optima Health</a> at a =C2=A3100 million valu=
ation.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9Itkxzs=
UwlO-2Bj8i9bTVHjVqbq61zg-3D-3DcCF9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfm=
zy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2=
FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX=
35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8n=
LnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI03TvmAoxfcE=
Lq1v0HfKe9HB50EV1YG5uV9w3CHZCrF7O6GMSqFx9qwBJWEKUUJGjTgI8JT2xPbKaZ2bT9qsMLk=
88HfKvfOFM-2FdBFciqiCgagLLkPANGf66RoMjb6z3RB8xxLqekNg5WD4rY-2BOfXxcf-2F4ITX=
eCNrAYSHv-2FN-2BU-2BX4-2BXvV8pauCnB3XIovMX4vyswEsqvsOtT6SHn1dHZPOq0kM8Nmdlm=
7spKMNu6wgwLBxiJ3Bb4qzOOsgyyPYkJ5UWXZt3nbOFOTnAgeO1-2BBmH73" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">TDR Capital</a> and <a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzUHq9ThzSgjrHKRN9ItkxzsCV4fYPc03foDLmKFojWx8w-3D-3D=
Feq__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-=
2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4=
GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3=
N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2=
FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI005Q5wpqpbA11REg0TnLDu2bPpse7V36DP3jal1WY=
PkTVjLfmVTwKHHRm9GmxYTcjRbrHwm1b7S3DhgJBUXtvYVwkg3rXORzUrqrgVmybyYybe7Tp6QL=
wcUwNeOywXmAcaNdW81cl-2FEzHoCZe-2FxB8VsfLYC9NYOxZor-2FhbvJJ5WR6BFBz8ItQg2e2=
7NlYgtlCWBc62qHG1kAQvM71ZIJHNFCB6-2FRuVvJm739bSb93gNUDHjC713WFqvXetib1iAc8N=
-2BS8l-2BNFM-2FMbjcE5p-2B9Kld" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">I Squared Capital</a> selected banks for an IPO of UK energy and=
temperature control company <b><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq9=
ThzSgjrHKRN9ItkxzsMzwK6-2BaJkjAnfvVuyeGs7w-3D-3D8lNA_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-=
2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAso=
ZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2Fp=
hWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9ap=
oxw8NpI00RN8C9p-2F0pI-2BK2nSmR0Knf-2F5hEgj-2BS-2FGLytmNeUx3gXisCjx2iF-2FjyH=
llEXfL-2BWfL2ZvrIUYsMi2oHUn2RXhcctGKdT9f6-2B-2BR1a-2F4ALZdJJFWoEpNQfmKGrme5=
pNFwBlltlsbdKJiKpDhIcK1hzGzuVaE-2BQmrN8lS4156Js9KTTQK-2FrHFih2f05HcwOcmv83b=
nkEoCn5YfzQuaGNykDHx4JKxf4PxWACbRnBL9t4zjVjm0Bo9LkENo2J4kieOq7aRhIpkJP79Ezh=
U0oSZFvuVM" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Aggreko<=
/a></b>, Bloomberg reported.<br><br><a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
UHq9ThzSgjrHKRN9ItkxzsLID3noZQtr2gcl088bHO5g-3D-3DfEnr_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y=
3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyA=
soZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2=
FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9=
apoxw8NpI00RJooadLb-2FcLVnm-2BZK-2BvemYu-2F-2BIV2fvavazG4NEmAGlYxAkkH9hQU62=
XJHQ4ztlrKuzy1Hggw4s8P9V2cm5-2Bmzw-2BdAQELklyK05WFlNb6OgO1NmFIyPlK6fUWhRBPx=
JFg-2FRjgf0SvvUFlquXg3E-2F9fKAbje15-2BG2j-2FzrpK3iWRotnyrkIDZVh4gsiFzMmdnUR=
V92E0TVzejK9K-2FOJhm2eimZ4AfkS0FtlJmqp3UZXe9gjuOVZ6NXG1nXxRSRAoDayAVXsWAbeq=
fj-2FE-2FAz2gMMD" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Hg=
</a>-backed Norwegian software group <b><a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzUHq9ThzSgjrHKRN9ItkxzsmQjyh9BG58WjMiy7wlpsNQ-3D-3Dw2Vm_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH=
8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq=
3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuI=
Oo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwF=
sKl9apoxw8NpI01zT3g8s7HCl4PZDvgX5mUa67TgBipNg-2BoUrT73MT9hzHiKD9H0jCoNhi-2F=
tYNWQja5HhheS-2B4SG56LaMPgW85wSXlAbmkEG7CwxFj-2FCQEObFogVDZ2pd8Q7hRXIDiriwS=
n5kpOwxYmc64Z4h5cuetwEQzQ65gntpyyFwX4tiFl9pOb9kQ0tl-2BSzdAM8Pp0eSDbtI4KkKYq=
kmJ1WFCxbybWOWHHJkF6KTn8DB-2FvciQ5OwzeSKTivwg9uAEc8aDq35hd0LKJ5417uV86dEpTv=
1D-2B-2B" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Visma</a><=
/b> further delayed its IPO plans to 2027, Bloomberg reported.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>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-2BaqM7ONnvsnswouzXE11JY4togrJHsBMDEYO6LHPJYxtM6KNQxABazd=
d1gYw-3D-3DsDIj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2=
F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4h=
BoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1=
jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02PchK1PKNcxZg1Te4sUSFW-2BwJG2=
YmgExlcSDsRdKypgOBmnMMgAiJsWqjuFHv1pLrJcTY9mPHPH6SCrUmMvKCkSl3gdbf4caYyRq-2=
BeatqC-2FDwSXU25sZSen6CEsVoAmqRZTar3Tgocg3aX0PvjCUFJLRYOoWbwChkpmIB-2F-2Boz=
k6z3k1rsoghYjdLG-2FpoA0mkXQQHTRo302-2F9xR8qptiEv5Rbkc9phyJHrPFgVcN-2FrA02hs=
GwuKtcVILZxPsZ6P1nQ-2BK6fcv0b4VsDEwMm40F7x" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Thrive Holdings</a></b>, an offshoot of <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXE11JY4togrJHsBMDEYO6LcqVLtKH-2BWYZRmWaagVreAA=
-3D-3D98Zc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9Bxa=
BdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYp=
A84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JD=
RYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI00AVbEZ8pgk4fqvcErGtYZeif5CMxyvu5dj=
dIKke9JN4nbPLM3q7rTIUvm92r5LRLbljOCItaJIhK7JZhEbixU-2BUAdSi0fpkAPIdziCC0TZG=
9JLk2thbRoB9R8sc9uFwnwO-2BbD3RvQyHVSq1yAELrXwX6uFakwcO7zLKC9nsZihd-2BFDmF8k=
0NMkhaVOWFG-2B84nTJKnV6tL59FEIO5aaCNRkpzNsvWL1I4EmQx-2F0a1iEt6KjYONnLXu3PFC=
mnNSO1ydNpeQnnyym-2FJAOxN9lZBaN" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Thrive Capital</a> that focuses on AI applications in services=
industries, is in discussions to raise $2 billion in new funds, Bloomberg =
reported.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>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">Alcoho=
lic beverage companies <b><a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE11JY4tog=
rJHsBMDEYO6LbjYHdpAHjx9hPJcCYswsNA-3D-3DfLhh_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETM=
suTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW=
8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqX=
gQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI0=
3mj9pIav235z5kUGsIemF7y6Lt-2FYABjpR-2BuGE0z4KQcpG2EO-2BsYh5BYUNagT-2BwKPbC9=
cXqFmTNn6x95sbwMKGmnz8QZYXaPLI4CRN2ZHQmuE7eOfqkJtFmCB3FeYTneyccxEhoyRSpez2a=
TGOk4Wuhi-2FP0SXGbGXO9pZQ5Eflx6IzDCZcCYvlpJ9qv0JIEu7sAuLsylD4iHnuXgS-2F15qh=
sf7GlNAqeDR9mwq-2FcXPphL1ob-2BxPhSgmr0qJIu-2BtADXgw3EG3Q7-2FEJh5Ujvwv57US" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Pernod Ricard</a></b=
> of France and <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE11JY4togrJHsBMD=
EYO6LagRVml5vqKnxKjU5fYRdng-3D-3Dk86g_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF=
Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2F=
L-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2Bpzq=
ACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuI=
g8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02SxHhG2=
u5DzvPoDGYMgejThTMecg7jBCk8YnCK9w3C2hMU08hRv32h-2BJSSlmLC9Q-2BsrCu-2BvrxOBg=
-2Fh8-2FZ0Oedj6zVxpug3bGmKEiN-2F7lkNIWwbXGXRcTWgBbp-2F5IlegpOMkz-2BBWC-2FNu=
Oy70y9vgZecCMLamFN7By-2F8di77PYewMiGbb1KahVAGr5hg5PpUCUXRTt8Cnh-2F7vdBL8smJ=
b2QCnY5XdRYargbTbr9OlrxU5Ey2JoWtG-2F37tSx6ZCpjL4gwSJeNJIgZTNht7mSy3WaV" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">Brown-Forman</a></b>, t=
he Kentucky-based owner of Jack Daniel's whiskey, are considering a merger.=
</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE11JY4togrJHsBMDEYO6LGXadycy5N=
ovN-2FnSYqCfC-2FQ-3D-3DY0lw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F=
0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOi=
PNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33=
wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI01nyWmYLICzOHbG4V8=
faJLq16i2U2ul0Cyb6t2-2BjHXXkDKCze98HU6aKYbYedXNNvj3V91i7EdMkHW1GwKvjuKfF1L7=
7i1DlaEu-2F-2Fi3zeVs0LWUi-2BkLaspVLV4zsotmg1DLoWzJ6JPXIDER1wKbkJSLIIe6Wrvu8=
YarIsHOfpoxoI16uEbmhulu5SqQlHXbYC2MMYLdmhJvC8yIHavsU113cT9t62ayi3fGf7UIaNCP=
M7BaXCcfXYsBjZH0cRq1pegviM6ZPkIHPzzduakCCVdK" universal=3D"true"> <img alig=
n=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/73493.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>
<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">While =
software loans make up a large share of some of the largest asset managers=
=E2=80=99 private credit investments and 13% of the outstanding loans track=
ed by PitchBook, the sector's troubles tell only part of the private credit=
story.<br><br>
Source: <b><a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzXE11JY4togrJHsBMDEYO6LGXadycy5NovN-2FnSYqCfC-2FQ-3D-3DUwnj_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwE=
rekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWw=
W37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3w=
gFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRscENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8P=
ApXHwFsKl9apoxw8NpI02HYwOv5-2Bnd8x4dsUAzH40M-2FItN9cT6YJd0fPox-2FtSZFkRen2O=
O4BxLDvCrRwxMVT2NFmtVOwjZAw8gprsI8T1dHaj-2FErkQxs5-2FCF19-2FnmsyR6-2BTU-2FS=
1l0ebI3uhUAiazG8v-2B-2F5vSYCdHbxHUMwLU4bR-2BER0Odm7aWjw2H3-2BU3qjfFxGWZyHjE=
ealBUkxCulaSNNaou7zbgbaJ0gGJblVTq2aCeYAwirMIVMiQRGvE83hqneEv8H27-2FjlPrEwXZ=
GWmuwmV2vvHQwD0JXZJ0TsYD" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Private credit is bruised, not broken </a></b></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
</tbody>
</table></td>=20
<td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
<table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td>
<table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0">
<tbody>
<tr>
<td align=3D"right">
<table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding: 0;"></td>
</tr>
<tr>
<td style=3D"padding: 0; height: 20px; line-height=
: 20px;"> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr> =20
<tr>
<td>
<table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad=
ding=3D"0" border=3D"0" style=3D"min-width: 100%;">
<tbody>
<tr>
<td width=3D"460" class=3D"container">
<table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor=
der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;">
<tbody>
<tr>
<td style=3D"font-family: Roboto, Arial, sans-serif; font-=
size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c=
enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE11JY4togrJHsBMDEYO6LT-2BV2bMiMK=
gde2xKHebRa3A-3D-3DY5lz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14=
unv4BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFB=
yRN-2B4hBoGYpA84Jb3N93x-2FHcPQWi3wgFRDuIOo-2FphWGxMVqXgQPVpuIg8nLnGQb33wRsc=
ENju-2F1jX6JDRYRU-2FWXwNjGbMa5VM8PApXHwFsKl9apoxw8NpI02ZEi7pzUlKymeLY4um4lN=
7O2Db9P9q4Uatujbqa4dxATH09FHFFzvK1xI7PqsFgXWq5oMAKjNGu4-2BXfGIplJ-2FIpI2kiP=
hohUaGiuF27vQyloc1IxuMyW5AR45EDLQLcKJjS1PjkE4tfUKKnApFOYMUwPVuUIR8lrIUUjhit=
wr986R79tX-2BcCVxel-2FsUw1-2BgIct3NG4KwMo1zG5ZfTUI-2B6-2B-2Bj1LyYwMrRuqAV62=
URwCDW-2Fv7H5b-2BqeBk0US8L1QEFR9L8Gn-2BoDtRBYnPSUPA0tq" target=3D"_blank" s=
tyle=3D"text-decoration: underline; color: #1D5080">About PitchBook</a> | <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXE11JY4togrJHsBMDEYO6LTMCroBJskQDwVt-=
2F2JKfV1w-3D-3Dq9GC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFF-2FAPzpQcb-2BXwErekaKH8u7y3-2Bf2hETMsuTN-2FL-2FmQi-2F0h14unv4=
BR-2F9BxaBdwkF4GKNXv-2FF2OmQWwW37IAq3oyAsoZlyQZiWW8-2BpzqACX35whLOiPNFByRN-=
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