Your IP : 216.73.216.104
| Current Path : /home/angker/mail/new/ |
|
|
| Current File: /home/angker/mail/new/1779482554.M287618P73584.server-619288.prediksijaya.com,S=154271,W=157121 |
Return-Path: <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>
Delivered-To: angker@server-619288.prediksijaya.com
Received: from server-619288.prediksijaya.com
by server-619288.prediksijaya.com with LMTP
id K2P/ELq/EGpwHwEAf7/9AQ
(envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>)
for <angker@server-619288.prediksijaya.com>; Sat, 23 May 2026 03:42:34 +0700
Return-path: <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>
Envelope-to: vetyl@ponjosonek.com
Delivery-date: Sat, 23 May 2026 03:42:34 +0700
Received: from o2.ptr812.pitchbook.com ([159.183.175.69]:36360)
by server-619288.prediksijaya.com with esmtps (TLS1.3) tls TLS_AES_128_GCM_SHA256
(Exim 4.99.2)
(envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>)
id 1wQWhR-00000000J58-29pe
for vetyl@ponjosonek.com;
Sat, 23 May 2026 03:42:34 +0700
DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=news.pitchbook.com;
h=content-transfer-encoding:content-type:date:from:mime-version:subject:
list-unsubscribe:to:cc:content-type:date:from:subject:to;
s=s1; t=1779276255;
bh=QM9HTUajiZEowWAKwZ/uT/1yrTEi+riwrwfu4a1DDbc=;
b=NfazmcA02j15yTIBZpyRCTNXgEDSwFXi+U5j2q56zWQd6yDoGWNGv2jncJsm70ON7s9b
+wNU8VcP/ePMkkA+yWqaqvwrJBAOOPp1kb+Wfsff7yJNPDbiz1ZxMONTy7HfxsTGYydIZv
ZDotbcnx9/8ailhKPDHjqsUcTdPuOcq8rSq6u1Lb3zubIY8vNpqn06jYD1WFB4T3xaZjTu
KecNlXcJa048x6vsw6OTKP+lzsF8M61bw+46wFO4ADq5tlBKfQSpmy9fsLyGmPWgjR3FPJ
7wKe5Smn2rglMtyq3panFF5RGpWSxzhqGCeG51AvRjEc7U0ey5iL2BpwOJi+6/UA==
Received: by recvd-9cbb868cb-4gd7r with SMTP id recvd-9cbb868cb-4gd7r-1-6A0D99DE-28
2026-05-20 11:24:14.500747245 +0000 UTC m=+1864034.763035421
Received: from Mjg0NTYxMDY (unknown)
by geopod-ismtpd-15 (SG) with HTTP
id W_yvVLuvShyb8o0BLTQjHQ
Wed, 20 May 2026 11:24:14.492 +0000 (UTC)
Content-Transfer-Encoding: quoted-printable
Content-Type: text/html; charset=utf-8
Date: Wed, 20 May 2026 11:24:14 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
Mime-Version: 1.0
Message-ID: <W_yvVLuvShyb8o0BLTQjHQ@geopod-ismtpd-15>
Subject: Blackstone goes beyond the data center
List-Unsubscribe:
=?us-ascii?Q?=3Chttps=3A=2F=2Fcontent=2Epitchbook=2Ecom=2Fnewsletter=2Funsubscribe=3Feid=3DUK23?=
=?us-ascii?Q?EBU6P5WAW&em=3DX65PN7GSJDIPRVZXJSN5XGVXL3?=
=?us-ascii?Q?AFLT7KSBPM3DI&ent=3DEJKJ2TTFOWZ2C=3E?=
X-SG-EID:
=?us-ascii?Q?u001=2EwjHNPkoEd0tti6dH8mhCZa5d7rLdiAsxLgSYARk73rxHPd3Aqlcm2Tnrv?=
=?us-ascii?Q?pNBcRMFNFcwVOs7OA=2FjzaFr76g=2FiqYHPJjsxq2I?=
=?us-ascii?Q?554rz4fTFeJrl3sFZBH1fGHcuKtV0i7ez4Z0fQW?=
=?us-ascii?Q?gdWQgBIcLagYCX3HHvSnZw4CTcDfNdfb6oQYvMF?=
=?us-ascii?Q?jP2qE3nGzB=2FODM6CdqSwwDmDCweX=2Fk0sTKLg=2FFy?=
=?us-ascii?Q?GdkiBaf9Cq34sPTa3EYjAtVup8BV9xC6LsWx3l5?= =?us-ascii?Q?I+Eb?=
X-SG-ID:
=?us-ascii?Q?u001=2ESdBcvi+Evd=2FbQef8eZF3Br+BiVHMa6y=2FD0OxHyDTyeHBn4HmQMpF4Qb03?=
=?us-ascii?Q?VKy+NsOif6qx82VoLgh59RtJ66WHiqUyA4Xrq5Y?=
=?us-ascii?Q?WXO6JSqtbp12WrdaAkLnh28Jt8Jxmnok1sLKF0u?=
=?us-ascii?Q?zLWj37o7s=2FF7gKGBLDujv4P++JPDzcXO5gzsu3y?=
=?us-ascii?Q?SORcgR7E5IBVHC8kJ=2F1KjOsz2gYEeB+p+X8TFNF?=
=?us-ascii?Q?smvMjyx2erQyyM9sQIafziX4R=2Fqtapxj4r7ZtgK?=
=?us-ascii?Q?PI942m3xMyoBVLhT9C7NpbM3k12qB5jc0cVEIZG?=
=?us-ascii?Q?eEt5RY5hfHI6Hz894203+oyKY2Wycts4ZPq66u2?=
=?us-ascii?Q?lNrFr5cvMyxcqENplW1sio2MuTnhaMclr=2FdghoX?=
=?us-ascii?Q?KMcWeja1uGtPvnf?=
To: vetyl@ponjosonek.com
X-Entity-ID: u001.YFoIgyol8PWrw0qKNaJxbQ==
X-Spam-Status: No, score=0.5
X-Spam-Score: 5
X-Spam-Bar: /
X-Ham-Report: Spam detection software, running on the system "server-619288.prediksijaya.com",
has NOT identified this incoming email as spam. The original
message has been attached to this so you can view it or label
similar future email. If you have any questions, see
root\@localhost for details.
Content preview: PitchBook Newsletters What's drawing LPs back to China; legal
dispute highlights tension in startup ecosystem; enterprise SaaS surges despite
opposing narrative May 20, 2026 | Read online | Manage your subscription
The Da [...]
Content analysis details: (0.5 points, 5.0 required)
pts rule name description
---- ---------------------- --------------------------------------------------
0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked.
See
http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block
for more information.
[URI: pitchbook.com]
[URI: claude.com]
-0.0 SPF_PASS SPF: sender matches SPF record
0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid
-0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's
domain
-0.1 DKIM_VALID Message has at least one valid DKIM or DK signature
0.1 MIME_HTML_ONLY BODY: Message only has text/html MIME parts
0.0 HTML_MESSAGE BODY: HTML included in message
0.5 KAM_REALLYHUGEIMGSRC RAW: Spam with image tags with ridiculously huge
http urls
0.0 RCVD_IN_MSPIKE_H2 RBL: Average reputation (+2)
[159.183.175.69 listed in wl.mailspike.net]
0.0 LOTS_OF_MONEY Huge... sums of money
0.0 T_MONEY_PERCENT X% of a lot of money for you
X-Spam-Flag: NO
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www=
.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso=
ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office">
<head>
<meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Dutf-8">
<meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge">
<meta name=3D"viewport" content=3D"width=3Ddevice-width, initial-scale=3D=
1.0">
<meta name=3D"x-apple-disable-message-reformatting"><!--[if gte mso 9]><x=
ml>
<o:OfficeDocumentSettings>
<o:AllowPNG/>
<o:PixelsPerInch>96</o:PixelsPerInch>
</o:OfficeDocumentSettings>
</xml><![endif]-->
<title>PitchBook Newsletters</title><!--[if (gte mso 9)|(IE)]>
<style type=3D"text/css">
table {
border-collapse: collapse;
}
body,table tr,table td, div, a, span {
font-family: Roboto, Arial, sans-serif !important;
}
</style>
<![endif]-->
<style>
/* Windows Phone Viewport Fix */
@-ms-viewport {
width: device-width;
}
.mobile-only {
display: none !important;
mso-hide: all !important;
}
.desktop-only {
display: table !important;
mso-hide: none !important;
}
.newsGroup-border-mobile {
border-bottom: 0 !important;
}
@media only screen and (max-width: 800px) {
.mobile-only {
display: table !important;
mso-hide: none !important;
}
.newsGroup-border-mobile {
border-bottom: 1px solid #C3C3C3 !important;
}
.desktop-only {
display: none !important;
mso-hide: all !important;
}
.container {
width: 100% !important;
min-width: 280px;
}
.content {
padding: 0 5px;
}
.walkthrough-image {
width: 100% !important;
}
.performer-title,
.performer-content{
font-size: 6px !important;
}
.header-msg {
font-size: 9px !important;
}
.pre-header {
padding: 10px 20px !important;
text-align: left !important;
}
.side-bar {
display: none !important;
width: 0 !important;
max-width: 0 !important;
height: 0 !important;
max-height: 0 !important;
opacity: 0 !important;
}
.line-breaker {
display: block !important;
}
.responsive-img {
width: 100% !important;
}
}
</style>
</head>
<body style=3D"margin: 0 !important; padding: 0 !important;">
=20
<table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp=
adding=3D"0" border=3D"0" align=3D"center">
<tbody>
<tr>
<td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri=
f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span =
style=3D"color: #78766f; font-size: 1px; display: none !important;"> What's=
drawing LPs back to China; legal dispute highlights tension in startup eco=
system; enterprise SaaS surges despite opposing narrative </span></td>
</tr>
</tbody>
</table>=20
<style>
@font-face {
font-family: 'Roboto';
font-style: normal;
font-weight: 800;
src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne=
wsletter/Roboto-ExtraBold.ttf') format('truetype');
}
@font-face {
font-family: 'Roboto';
font-style: normal;
font-weight: 400;
src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news=
letter/Roboto-Regular.ttf') format('truetype');
}
@font-face {
font-family: 'Roboto';
font-style: normal;
font-weight: 300;
src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle=
tter/Roboto-Light.ttf') format('truetype');
}
@font-face {
font-family: 'Roboto Serif';
font-style: normal;
font-weight: 500;
src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com=
/newsletter/RobotoSerif-Medium.ttf') format('truetype');
}
td ul {
padding-left: 1.8em;
}
td li {
position: relative;
margin-bottom: 0.5em;
}
</style>
<table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing=
=3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo=
nt-family: Roboto, Arial, sans-serif;">
<tbody>
<tr>
<td align=3D"center"><!--[if (gte mso 9)|(IE)]>
<table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"=
cellspacing=3D"0" border=3D"0" align=3D"center">
<tr>
<td>
<![endif]-->=20
<table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"=
>
=20
<tbody>
<tr>
<td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad=
ding-left:5px; padding-right:5px;">
<table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
=20
<tbody>
<tr>
<td>
<table lang=3D"x-header-subscription" style=3D"min-width: 100=
%; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" =
width=3D"100%">
<tbody>
<tr>
<td class=3D"header-msg" style=3D"padding-top: 20px; paddi=
ng-bottom: 28px;
font-family: Roboto, Arial, sans-serif; fon=
t-size: 11px;
-webkit-text-size-adjust: 70%; text-size-ad=
just:70%; -ms-text-size-adjust: 70%; text-align: center;">May 20, 2026 &nbs=
p; | <a href=3D"https://url6380.news.pitchbook.com/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUbkUWn32vpzHk=
Bu0wSYn0-2FInWdDDzProID7VdYgSfoFA-3D-3DMCu__Pr966knuaHmaw6c7pKvB-2BCEiDnj5U=
wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBd=
mdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3K=
yrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8U=
ip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyL7xqAtM-2B55A4Q1Bnqc9BQ2z=
miF7Pm9CK5bPGTHY-2BR4doxYaHe2B8J-2FLdunXUvpqujdeQ072HL50wzMBxBu6qSi-2FuRv9w=
cec9DPORqkiYC98HJKvjzpoHLzlc376VqIcIA1dAlV8388QiEAQCqfzsGfsEIDdquvbAsMPOmCX=
H6LvrOHLXog87kL77H8SCpNh2DvVJ9h9OYk5SJiaPCeEYZNLQPIr4kiBM4LISoW-2FOlpZTAB-2=
BX7u6RAIs2PKC3J73D8LiZmL-2BSf445zYKzjKeGCz" target=3D"_blank" style=3D"text=
-decoration: underline; color: #1D5080">Read online</a> | =
<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JM=
ynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZYap3xyjo613CQL5EKIRNY6DZpA=
pxW-2FtnBQxpZYVDpyvCJULc6js75N834Kg1wfc9mFqyoHZxYrhZdlqtw_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7E=
LEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmR=
L5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQA=
Gh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyK-2FpRdEHJQ=
a4zuu1tmfm-2FNAhFX7nA35O5id-2BiVupuA2fuJeoi0DroL2XUWLUVP5Zu96-2F8AojYjymFFw=
BXN3v9K81atJN9PkjwdL80UQWzy2XmAS-2BqZV16phpBNzAuIhrKGl9hsS-2Bi8WwUtn7vpZlfy=
NXDaEWa7xBkmmICSQYwt3s5t2mlw-2F9APoHzDP1zT6j9nT1-2Bm2bMh5cWaK2IIUdNnbwJxggA=
kF9E0IbVW7VpSLSJ6qMptBNHSYoQzolE76pmOgms-2FQ5yIjDZybAJIeTruR" target=3D"_bl=
ank" style=3D"text-decoration: underline; color: #1D5080">Manage your subsc=
ription</a></td>
</tr>
</tbody>
</table></td>
</tr> =20
<tr>
<td style=3D"padding-bottom: 14px; text-align: center;"><a hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUbkUWn32vpzHkBu0wSYn0-2FINqm57HqvHq2g5KxCGS2dA=
-3D-3DEQh9_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpm=
mfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00t=
rxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3Wg=
yriLU-2BMh3eiF9MyJSDkrPGojZ70gB-2BvsIhOfS46B8VZrRw8P-2FC1xlaCFzpWK83vziw1H8=
l9ggsKYjtQogqUcvMMgZtDKNdKoi3hN21ZrmxrOHtKSzN7E7YPd67WXDxJmHqF3ZT9hgPgs7U73=
e1Kig-2F8oPpduv0zPtgyYLoPsRjXMoHrCUzXz78Q8QJdWh0H7xLmFYHmgXRGVsIgbNdS-2B-2F=
m-2F8LIyH-2BCHX-2BMBwWOJWR0RpVsy-2FD85fytNdYv877R51thTk32gxFVsA8rc-2FHO7S8z=
1nMM-2Fr2QrKHym8B" target=3D"_blank"> <img width=3D'1' height=3D'1' opacity=
: 0; style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pi=
tchbook.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAEC=
QE7XY5D5PSLQI&emailId=3D3DAQGQUP4X7JJMC&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL=
245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EPI6EY=
RHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.news.pitchbook=
.com/wf/open?upn=3Du001.3gwe9GsF-2BTAFq5zC5EhFQ2a8abB1qTlMwYRLNzMolGjSmCPqR=
Zuyzb5tQBOnSwcKxV3T2Sg1xC-2FvdPRR32XjDHDLmd8RuRHJfIqx9B-2BkOOYrXS7NTfEq9lZe=
VFh6RxMUR-2B9BDz0WypzuuORvXjbCjVP-2B9d-2BgPBWbkrxd-2FtA8VkZXbHEAuae1LEzyGXx=
9RskPTMKmf-2Buplyj5oKAW5kPL7EerYpP9YKyHqH5UgvdIgqeHiVVx196alLaeLmgZcwgBsAUn=
Ga7a7KLnBKmPGf80g7ycxcvnmZYDsHZvUnCb2e6vjiLk75csr0L-2FGiF4Q-2BR8BIN1Xy5uSDn=
aVzP3fizDxfkFCnIKNHqDp9UxcsuFzAkLKowKqA011pNgiRz4ZE-2By6MmL6Tz2yyLmpbDcCKFm=
es5qN5Sa3CAjtfJNpG1tDmXyYw9WMRfjHHa7tdaiAX7MIYkuDThtQeddNlXCjyuLlDYP4WoU-2F=
pONRxk6-2BlR7AXKOUWvYJn-2BNJ7ZywPyj4pzeGr5UhmjKdRr9EB5nlzluoVqe1w6QarDR78OM=
J1QKIuhuF5W6GAioFOaU3-2FvPONw8" alt=3D"" width=3D"1" height=3D"1" border=3D=
"0" style=3D"height:1px !important;width:1px !important;border-width:0 !imp=
ortant;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !i=
mportant;margin-left:0 !important;padding-top:0 !important;padding-bottom:0=
!important;padding-right:0 !important;padding-left:0 !important;"/><img wi=
dth=3D"141" height=3D"39" src=3D"https://fonts.pitchbook.com/newsletter/pit=
chbook_morningstar_logo.png" alt=3D"PitchBook"> </a></td>
</tr>
<tr>
<td style=3D"text-align: center; font-family: Roboto Serif, Ge=
orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa=
n></td>
</tr>
<tr>
<td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, =
VC and M&A</span></td>
</tr>
<tr>
<td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p=
rivate capital markets</span></td>
</tr>
<tr>
<td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb=
sp;</td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor=
der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im=
portant;">
<tbody>
<tr>
=20
<td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma=
x-width: 460px; padding-left:5px; padding-right:5px;">
<table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"=
0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"=
>
<tbody>
<tr>
<td style=3D"padding: 0;">
<table class=3D" " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUbkUWn32vpzHkBu0wSYn0-2Fa88zCLQdb0GKY2MbneqJpg-3D-3Dv=
c47_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24L=
ktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrM=
pc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gk=
tpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2=
BMh3eiF9MyKSscWn-2Fra1AggqTbi7CGbVw3J1LlJX8XHPbpvU5g-2F1g4eTaCSSkn6fnXiaqFz=
tqXYmNuJKzL5Uzxt4p8YyMawxdOMaHe6JKU7O-2FOFSipixlr1BZp99N2mdVT3Kx6PxX1eobJmY=
1hS4zZd-2F2mLWyqH6vpx3XsdwhgocCVAE1ebTYFkqNwM1Xi8739WcqfYS3QMuLHZQ-2F-2FOr1=
pTMELIuHSW7Vpuommmfyd09ZScZsmR87OyZ1s4jlEx2RthNr4Pgeuka3Cof4ArP8gUpNRtL37kY=
"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4569/leftbrainr=
ightbrain.jpg" 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" 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">=F0=9F=
=93=8A <b>Check out the new charts in our Global Fund Performance Report.</=
b> Get performance data with a new look, driven by the narratives that are =
shaping private markets. <b><a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUbkUWn32=
vpzHkBu0wSYn0-2F4fqr0tm7oqNufupHE4oT3Q-3D-3Ds9T5_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMj=
rqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOO=
NtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm=
6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyIbe3tyQptlskrB-2FN-2=
FrCEWK2X24TK-2FB9dW-2B-2BUji2N8LG4zYUUBg5lUqVU-2FTOct1O3EA6JI4QeU2emeJI0zq2=
kbRHZcmq76X1yoA9e9h9wSRjBUK5YO65aLZ94DSH00xo7esQnnFi1Q4nwWbT9-2F2U4-2FlLeTA=
riv2Qg8CBfD9Jzl-2BNAmQ4-2BnCl0st43K9aEfavqiVVW9X65S7L8QniFuNYnyUCybHhpyCaJd=
0bQhwWsQGLDuAt6Kd2r01sm3DTNbg7YaWLXpoQfCvssQCSMSANC6h" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">See the data</a></b><br><br>
And, <b>where do you stand in PE's crosscurr=
ents?</b> Will the exit window hold open? Will software reclaim its throne =
as the go-to sector? Tell us how you're positioning in the current PE lands=
cape in our two-minute <b><a href=3D"https://url6380.news.pitchbook.com/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZYg=
s4sDQC2KrdknNqjFiqNdeLtM-2FeCUvw-3D-3DE1BV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw=
lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdm=
dLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3Ky=
rDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Ui=
p6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyJq-2BbWFYBy05yDzbfvzAA1rdj=
zrZ4rmHFm-2FISNCXG8-2BlzuwWbw37-2FjrbXjg9pfalcdwcJ4uQzbqqaOvU7PYpHWGOX0uzfW=
qA5CrOh27MsyJRLzV9-2FJ1qAh37wYZMuBN9DrdwXAp6uvCYEqtqQYbupjVVPFmj3lQDtaoI3WR=
68iwnbDthoR3-2BtmrODF-2FekcyPH6QppfEdx5Pv1TqxcXiOjrPfZ9mAAraXOe2hPxUztYU9uw=
e424q-2BgdpWXMFH1nOZKV77m7UoelmMajWO9HdKJwj" style=3D"color: #1D5080;" test=
=3D"">Q2 2026 PE survey</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_581041" id=3D"n_581041" 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;"> Blackstone-Google joint ventur=
e funds computing power, not just data centers </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZYgs4sDQC2KOFgHfEt0O=
TaItxPYmeKvSA-3D-3DMVRm_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi=
8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5X=
cM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPL=
xadnpm0iJT3WgyriLU-2BMh3eiF9MyJkME92yaknGMmB-2FaYMOJSUmSqMPWyb-2B3zQvfpgGYs=
0VmUjkzoX56rSSGc-2Bj41GByFQ-2FlirgCg6wEGWWPeeh2ejyy9d9qWmpA-2BDfmV7m-2BIaI6=
OFeAEIX0BlD8MAx3wrfl3FO60UDcIllQVv8BGHaDPJT6hTet4XUcbFO5hXPEjN3QmBUDhm7si-2=
Fr-2BZVJjWrM5sxRgxOwsLA9g-2ByrC04QYNxsQ34-2BztGpCyM0Bnj1eQ1LQGfLxucKXyu5N2w=
YleZcczM1-2FJIb7FNbjTaXZA9Gw86" universal=3D"true"> <img align=3D"center" a=
lt=3D"" src=3D"https://img.pitchbook.com/news/74406.png" style=3D"border: n=
one; width: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td align=3D"right" style=3D"padding-bottom: =
8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">(Josie Doan/Pitc=
hBook News)</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Esther Luz, Private Equity Reporter</i><br><br><b>Google and Blackstone hav=
e formed a joint venture</b> to offer artificial intelligence data center c=
apacity, networking and computer hardware as a "compute-as-a-service produc=
t."<br><br><b>The tie-up opens a new avenue amid the rush of private equity=
into AI infrastructure,</b> moving it beyond data centers and into financi=
ng computing power itself.<br><br>
Google will supply tensor processing units=
=E2=80=94chips built by the tech giant for training and running AI networks=
=E2=80=94along with hardware, software and services.<br><br>
Blackstone brings capital, access to equity,=
project debt, power procurement and institutional demand around a single p=
latform.<br><br><b>The deal is partly a way for Google to expand the market=
for its TPUs,</b> AI chips that until now have lived almost entirely insid=
e the Google Cloud software suite. TPUs offer customers an alternative to N=
vidia's graphics processing units, which dominate the market today.<br><br>=
<b>The JV also allows Blackstone to own the compute that sits inside data c=
enters,</b> not just the facilities themselves, of which it has acquired se=
veral over the past five years.<br><br>
Infrastructure investors are familiar with l=
and, power, fiber and data centers. Compute is harder to get your hands aro=
und, as it bundles fast-depreciating hardware, software, customer contracts=
and enormous power demand into a product that looks partly like cloud serv=
ices and partly like infrastructure.<br><br>
AI chips are very difficult to underwrite. G=
oogle has rolled out four TPU generations in roughly three years, compressi=
ng the useful life of any given chip and making it hard to ascertain their =
residual value. A data center lease lasts 15 years, while a generation of T=
PU technology can feel antiquated in three.<br><br>
Blackstone and Google didn't respond to ques=
tions about the deal.</td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-btn">
<tbody>
<tr>
<td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZYgs4sDQC2KOFgHfEt0OTaItxPYmeKvSA-3D-3Du=
AJ8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24L=
ktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrM=
pc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gk=
tpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2=
BMh3eiF9MyLyNYl-2BeKYcKtb2Ew3EpeCTrUjDsJqlEG1KWj8zzpZIcYX3D3C0Y-2B3cxfm9um8=
5BGe8-2BZml0DrlsKwgteYIdC9PNS8C3aRDmlXaho-2FwAwC6ti4Vfg-2Bvt1cDbovVh388tSfI=
3AcQqkFG7luKm4O7Bn3brXxivJRuUNVQNUn8waCVyt4vd4B0x3Hmsluqcd76ot2QCbN8sALW0l3=
9ggbNHm-2FiZxV0HwROgxb5ru4OZsDCXSnKPVUGGaVKs-2FtQj7F4vt6bCJO1QqqcjYw36vX4P-=
2FAB" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; tex=
t-decoration: none; color: black; padding-left: 3px" target=3D"_blank" univ=
ersal=3D"true">Read the full story<img height=3D"24" src=3D"https://fonts.p=
itchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; m=
argin-left: 8px;" width=3D"24"> </a></td>
</tr>
<tr>
<td style=3D"height: 25px; line-height: 25px;=
"> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<tr>
<td colspan=3D"2" style=3D"padding: 0 20px;">
<table class=3D" " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td style=3D"padding-bottom: 25px;">
<table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
=
border-bottom: 1px=
solid #C3C3C3;
=
">
<tbody>
<tr>
<td style=3D"padding: 1px 0 0 0; line-height:=
0;"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table 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>Related article:</=
i> <b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zVJRf6V3NviGZYgs4sDQC2KNb42xCxdDRzQLg-2FWYjeawg-3D-3DjsNW_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7E=
LEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmR=
L5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQA=
Gh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyLrnH2bzjxwu=
trZuCYvQ1SrbxGSrkMZSn5YwCpCizml9Ao11v9RzD5P638PombUJ17neLTcCNYtwKV3qM4kZIsY=
uPLmBVSa-2FCJd-2FjnPQOyZ9-2FkyyxxtSFHPWcvEbZq7rzLXcrsZbvnPgpmubW9Ifw3-2BHFB=
Ne9GzMk8HZ1YQsAHIW6GZMi7tItpkXuSyqmQIN0KNGdCk-2FyL6Ve5CSp0r4e25L8IRyKVM0WXF=
61ZYJgCv2MfJLC2LUumCxscQ3cLyIXFZlc-2FfOcfIpZa5Yv75aNyU" universal=3D"true">=
The AI race to IPO passes through PE portfolios</a></b></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from SS&C Intralinks</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_580557" id=3D"n_580557" 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;"> Adapt or fall behind: AI and t=
he future of fundraising </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
<table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"right">
<table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"float: none;
padding-left: 15px; ">
<tbody>
<tr>
<td align=3D"right" style=3D"text-align: righ=
t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZYgs4sDQC2K-2B2tCA0MvAbGlf=
MVLdhqDkQ-3D-3DGVpH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXU=
UR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8r=
OgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadn=
pm0iJT3WgyriLU-2BMh3eiF9MyJZvfUm2bmeBY2JeQMpTs12YsDhRwx9MWAv9XTnOyaHTAu1O3y=
57sHjRkbhtkyKanMlqbCg9ReRuy6RK4iNyQTgk6iuXo1I6auSb4nuD-2FMi4mPBJ47qBt1aXYkz=
opNWy9GE-2FG82vFTt-2BK91Mbg558c13dGV5pGeyTUGJyGGM13F48fdxk1dZkoL6OV3WPb1hFR=
eN64IzaXfNr2OVG6jwEB8lr2-2F0E1Y3xiKX6VwBM-2BJPrBCJ2yuXDwFhDza3QLK9DQUx0VJ57=
al4z5yQpziGQkZ"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchboo=
k.com/news/74266.jpg" 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>Fundraising continues to be under pre=
ssure. After three years of decline, fewer funds are closing, capital is ti=
ghter and liquidity constraints persist. Yet beneath the slowdown, a shift =
is underway. AI is emerging as a critical differentiator, changing how capi=
tal is raised, evaluated and won.<br><br>
Download this report, published by SS&C =
Intralinks with PitchBook data, to see how fundraising timelines are shifti=
ng, where fresh opportunities are emerging and how leading firms like Agell=
us Capital, PPR Capital Management and Cloverlay are staying competitive. R=
ead about:=20
<ul>
<li>Why a slower fundraising market is creati=
ng new opportunities</li>
<li>How fund sizes and timelines are resettin=
g</li>
<li>Where emerging managers are gaining tract=
ion</li>
<li>How AI is reshaping fundraising and opera=
tions</li>
</ul><a href=3D"https://url6380.news.pitchboo=
k.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6=
V3NviGZYgs4sDQC2K-2B2tCA0MvAbGlfMVLdhqDkQ-3D-3D9W4f_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODG=
FMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZ=
OOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPA=
YLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyIYMkITZHnUzHtsUVy=
3sN7RXowsKPQRIq-2FemEK7ODdtEr9u0XMfvJy6nbfV2ScqrLDtQFoOWojXgGXz1yTYyMCQKtaT=
NuyQenYZzhi3Ir0TLPcMaYTPk0f1HgYBmISSERwr1P8JbZclFT5x9YH-2B2iJ9Hi8-2BfZ08dlr=
wTx-2BFAiF91GYXXaVsOaQFSU6OUhDXmDSok29PEof7SmdXTOhXhCcMWVnn6Y38sv5MTsbJB7Cl=
ZhDhibAliuZObwJGy5l65GOT48m9JEam7ZDcWFX2dqHv" style=3D"color: #1D5080;" tes=
t=3D"">Get the report</a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>VC funding for the enterprise SaaS industry</b> surged to a record <=
b>$173 billion</b> in Q1=E2=80=94a more than 6x increase quarter-over-quart=
er, according to our latest <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3N=
viGZYgs4sDQC2KJAdkHPBKw426d3Uy6DXemA-3D-3D_szM_Pr966knuaHmaw6c7pKvB-2BCEiDn=
j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrq=
aBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONt=
C3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6z=
L8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyJy4AyMWNa99-2FKyTW7x7z=
OvZjpjHltUTxl3nJ2tBsGx1FFx74xUZWutTDJCn2ToSRcGdQs7VEzPlbvY05TyQA8DlSM3pBuka=
zdfdR3ZyebknM7kmedigD9R0OBSTXesYldDsNqycCMDR8BCjK99NMZUrucVQEaQjfeDuji17UcH=
TRaNUKdJBQNeaPdaDs9-2Fdag9Ww-2FVruDTWDq3yR5250vZh42jMKgn6LeFgGPFI95BmTF878A=
LwS1A-2F-2BDfzLM5NxhSaHuDtDSWfD-2FYBwxXlv0h" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true"><b>report on the sector</b></a>.<br><br>
=E2=80=A2 <b>Kikoff's co-founder is alleging=
in Delaware Chancery Court</b> that the fintech startup's CEO froze IPO pl=
ans and pressured him into a discounted share sale=E2=80=94exposing the pow=
er struggles that can fester when cap table control goes unchecked. <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZYgs4sDQC2KSWxx9HVA1AUJQKZWSnMq6=
g-3D-3DDXoS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA=
68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvp=
mmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00=
trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3W=
gyriLU-2BMh3eiF9MyLWemK4AjAC6SQ3fXM0yPLSVf2KYFzIrMgdCqqX-2F2WtrUV-2BFVeNq-2=
BWZWOFnO1NE8N2RHoZMLReKOX7Ll9AzhgOinJQXycR-2F2GsTw8tq4sverHIYBV-2BQx9fZPRqP=
bS8VqDumQAeYiKV0VIyK-2BKw9tFLYzTyzFSlgVBlrutQgx8529Un05qNSbj28mG2EONWnbNw2N=
zkFDCScLrGFx3-2B8-2B3oVFTOJ0RdywpP8BlZAIe2po52ljIEQSk6qsVaCBRHJyA7xk5gprH0L=
FKLQNNGd9TA3" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Fin=
d out more</b></a><br><br>
=E2=80=A2 <b>There's a growing valuation gul=
f in Europe's VC market.</b> The culprit (you guessed it) is AI. <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZYgs4sDQC2K-2F1fXFYK1yyvcDal64ttQzA=
-3D-3DSaiD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpm=
mfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00t=
rxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3Wg=
yriLU-2BMh3eiF9MyJJvSXaz1F-2BEWJ9crtykF-2BLSCVrPOp4spuh29nqWt1TcB7aAS-2BByl=
N4w4wuDRw5iRTSvbDydjLusoluBJ-2FQ4IysZ6AERh-2FkR9nCm-2F8MdeV03n0D1l2kG1Zwd3E=
OoVpo5p-2BLhCUViWowz2Um9eDyaSkP-2B-2F2FHi8WY0tCehiGrRgrZggI8pMJXb8BzviU9hip=
Gs7BHL9wOjNEIITNkdOOTWnYVa-2FdHcwlqlpPuwqZBhMgUPs9Rgajw5xL-2B5hvrc0wsUzl5QQ=
eqI-2BezDsAOPUir4aM" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
><b>Read more</b></a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_581043" id=3D"n_581043" 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;"> China's AI, robotics edge is w=
inning back Western LPs, say investors </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Kristie Neo, Senior APAC Private Capital Editor</i><br><br>
China's manufacturing clout, access to cheap=
energy and a robust IPO pipeline are giving it an edge in sectors includin=
g AI and robotics=E2=80=94and luring back Western LPs.<br><br>
Greater China's private markets have seen fo=
ur straight years of fundraising decline, buffeted by both US tensions and =
weak domestic consumption. However, many investors speaking at an industry =
event Tuesday in Hong Kong said China's private markets are already bottomi=
ng out.<br><br><b>"I do observe very clearly that sentiment is improving fr=
om a Western LP perspective.</b> =E2=80=A6 If you look across the world, Ch=
inese private equity still churned about 14% net returns," said Brooke Zhou=
, who co-leads Swiss-headquartered asset manager LGT Capital Partners' APAC=
business in Hong Kong.<br><br>
While China continues to face most of the sa=
me geopolitical and regulatory risks as before, it shows a commanding edge =
in specific areas, especially those sitting at AI's intersections with hard=
ware, infrastructure and applications, noted investors.</td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZYgs4sDQC2KONe9wcsF5=
LUHwQpUjCbU6w-3D-3DnTIO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi=
8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5X=
cM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPL=
xadnpm0iJT3WgyriLU-2BMh3eiF9MyIhPJDxHUwxwjRZNnk-2BYV4UutGJ5B8fx8nUmbPN2Mh0k=
e-2FOskscGYgfnEo-2FsSbR28Am69ZniY8PsO67PI9CndYcpVAwNVeON8ZPOxIFc3sIQzj3zRp8=
7BmNM51eqtqqW64C8AUUegu9Y7mOLVsXQZeln3Jo7xFtuKoMMQjPe-2Fv73siCYPUaI3kWFp0JW=
6WeNNwtm01t5I9R3r45rGbDUMwsxKe-2Bn9uHvlJ-2F6jolZqmPOCZNNT-2FTw16xE8f6LW8L8V=
0y5E7eyWKuoC9Q4IeNskq9" universal=3D"true"> <img align=3D"center" alt=3D"" =
src=3D"https://img.pitchbook.com/news/74407.png" style=3D"border: none; wid=
th: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
<tbody>
<tr>
<td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">"China=
is already exporting low-cost electricity in the form of tokens. Ultimatel=
y, the LLM model relies on chips, energy, and which country can provide the=
lowest-cost token. <b>China has double the electricity productivity than t=
he US, but at a 50% lower cost per kilowatt</b>," said Jing Hong, founding =
partner at growth stage investor Gaocheng Capital.<br><br>
GPs have already been putting money to work =
again, according to a recent PitchBook analyst note on China's AI market.<b=
r><br>
Investors expect Chinese AI investments to r=
emain resilient.<br><br>
"We've been seeing a lot of attention in lar=
ge language models in the first half of 2026. But I believe in the second h=
alf of this year, we will see more activity in application robotics," said =
Lane Zhao, CEO of Beijing-based PE firm InnoVision Capital.<br><br>
Sentiment is further supported by China's ro=
bust exit market, particularly in Hong Kong, which claimed the world's top =
position for IPOs this year.</td>
</tr>
</tbody>
</table>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
<tbody>
<tr>
<td valign=3D"top">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-btn">
<tbody>
<tr>
<td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZYgs4sDQC2KONe9wcsF5LUHwQpUjCbU6w-3D-3DV=
cBw_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24L=
ktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrM=
pc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gk=
tpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2=
BMh3eiF9MyK-2Fj6eTWrs-2BaRKb4XCQlWTDkoxzKcN-2FtrcZHAmOHf9HEbM7hNWtEoZ-2Fhwc=
FjKxjtzKqDS0-2BfswHWWr8ym7Mv7EvT5MDqrXeSnQHuT7anO7kX4j-2BGx9xLuPlX3-2B3Vrk7=
IioGK529-2Bh3Oa2QLzpTTRgW1BAOndvCs5sqhpJnavCPYebxFJHzp-2BCZr5YCYoh2eiruL9S2=
d38oU-2Br1Vb-2Fuswnd7UQsm8TW5-2BoqZjaEHd8-2FAnMrHRv6y7QjlYr6dVhhUhUPxT2prCS=
j61-2F1iPnl1aKZ0" style=3D"font-family: Roboto, Arial, sans-serif; font-siz=
e: 18px; text-decoration: none; color: black; padding-left: 3px" target=3D"=
_blank" universal=3D"true">Share this story<img height=3D"24" src=3D"https:=
//fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: =
middle; margin-left: 8px;" width=3D"24"> </a></td>
</tr>
<tr>
<td style=3D"height: 25px; line-height: 25px;=
"> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
<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 analyst note:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3Nvi=
GZYgs4sDQC2Kcc7RRxy6qHcaNOW8c9zbFQ-3D-3DurSM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaB=
dmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3=
KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8=
Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyImj0qBlTsqwYtrlBhuhrkcyj=
92Xc-2BikVVNS4mWhXJsxTvuf6219BrrC0PmHCiviKTfpnjKqWOadOqhgn0CQRl-2Bx8LI4i39A=
hcV9dzdzc42hCLr9ICcL0oFCnGWTRWTaIiMvzZEgZUkR9sVhiImJOmAl-2F0qrwmMRuzD5Y4GyL=
gLXaxSiHx2cveqiA5FGh7EgXIJhsAym541v7jbUs7RPNj1lrfeSB3sKTBTmvmaBBg-2By2l1uRz=
9UGKDh-2BWw2D94J5JRZIG2rSD-2FqZLwUCyZKr7r" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Where Capital Is Flowing in China's AI Market</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 year ago, most CEOs planned t=
o grow junior roles; now more than 40% plan to cut them.</b> On the back of=
AI disruption, the composition of the workforce is shifting toward mid- an=
d senior-level positions. [<a href=3D"https://url6380.news.pitchbook.com/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVJRf6V3NviGZY=
gs4sDQC2Khh2wcYXlxzxsUqxQ8ZR-2BMQ-3D-3D01mg_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U=
wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBd=
mdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3K=
yrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8U=
ip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyKrwJZ0CqugRYBKYHqe-2BRSHd=
WJmzngyacYjziNkKli3pCYvy9KVJjvKyfpevh84-2FKSu33iqQkHBN10TVtnb9A9QfDV5u9lM4E=
g-2BMq5TnRR3UIA4LyQxQp-2F2Bz-2B4RKWoAPIzhywXNoVpBTBqj7O2dqVkBNlmb6EGtIYAGh2=
AE45f5FXkKNgsAgWEw3m5oGPNMTQsriSGF78j7VI-2Fmkg43h6o1hIvDMX1J-2B3qr37acIaq1q=
-2FeRUooHpcn4ZIu-2Bb9PN9csJePlwWJv6cJdJ9GEQEYI" style=3D"color: #1D5080;" t=
est=3D"">Fortune</a>]<br><br>
=E2=80=A2 <b>If you're building or backing e=
arly-stage companies right now, Claude thinks you should read this.</b> Ant=
hropic just put out a playbook on how to build an AI startup. [<a href=3D"h=
ttps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzWYWnDk0pI8H2NEQ9GMTpUM-2B7SCCNrINlmgUYBEd2upIg-3D-3D=
fhGq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24=
LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2Kr=
Mpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85g=
ktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-=
2BMh3eiF9MyLSQDFyRZYALGgEemZBLDvGrQ9Ia0cwW1aYTWAMRyC8-2BbtPfSPHVb8bSWvTBVT9=
uUf89BmfTGEHsCu3VAWqg2GlhQQPvyATN3bYGhWkWizKtizsmX8lzoUWHGk8oS0zLVDNo07FDA9=
2JDXhsxiRz-2B-2FOn-2FmRCxI1oizipzyojGxiXICLCwzs3ZcOTiIp-2FwOQ-2FZBN9zK1HNH3=
Pa-2FWRF5qOM3YFzKafKfLaXPMr6nRzyULIXPgkCK29idrTCc-2BDQVm7srD19DdlH-2BPBgLGi=
zc0f1TY" style=3D"color: #1D5080;" test=3D"">Claude.com</a>]<br><br>
=E2=80=A2 <b>The "cozy games" genre has grow=
n into a billion-dollar market</b> driven by burnout and escapism. [<a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWYWnDk0pI8H2NEQ9GMTpUME69nPflpj6D1R0jxr33gXg-3D=
-3Dug4x_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
R24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj=
2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE=
85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3Wgyri=
LU-2BMh3eiF9MyIyCkL4dSDcIDbUQyFqghfN0gjvGpbA4ydR9BjxHmqI61W-2F-2Fucnzueakun=
8a4hFiKkrfKiXOr0GrhuGoMyPd5AbeBxvrg0O5a1dHexxGQzevd2jQCji8kIQoXaIWlAVIAIz-2=
BAhzY-2F8ID4dMqXaB6V5Ga8xeyqWhUdXFQAc91QrEyJEOpwJDL6r0b406iLlLPIeoXrK7cTuuM=
8I7TFY4TsT6at25Oz8K54Sh9bMY4hI3vAk4nOedETuaIT0s5K8tHL8qDEqlryJ9TyU-2BAM1-2B=
Z19M" style=3D"color: #1D5080;" test=3D"">Euronews</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-2BaqM7ONnvsnswouzWYWnDk0pI8H2NEQ9GMTpUMm3clGnMERr8aX3Qkh8UpDQ-3D-3Dt-a=
b_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24Lkt=
SlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc=
3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktp=
RpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BM=
h3eiF9MyLAzNr8lVfEJ7f2HbcBMYtX4o-2Fu0P8iIF-2F-2BJ2KmfW4-2BcDOqBt6rUnHbPEwKL=
joA0P2B9LWh4ArAcMrsKTurNhlnKUV7BVHk6Th8mUHU754kGTbyIsU2nyqtEQWgE8LgE04BXKX-=
2B8IhKDxXukRmmviVgWElZztFN2lCRVDg404iGvrm1bdi6v-2ByEVjAtUieH5QEI5e2YZp6ZK4K=
mY-2FH8wvSbkTHHyL2ylG7EjfvxROm5r84du6k4vN5XWaSlvpRO1xuE4qaxIZigiVEZQqcihc9O=
"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4559/Whitehorse=
banner.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; di=
splay: block; width: 100%; height: auto;"></a></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"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;">
769
</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;">
2211
</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;">
1161
</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;">
23
</div>
<div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
color: white; font=
-size: 12px; line-height: 24px;
padding: 2px 8px 0=
8px; -webkit-text-size-adjust: 100%;">
Funds
</div></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"height: 25px; line-height: 25px;"=
></td>
</tr>
<tr>
<td align=3D"center" style=3D"padding-bottom: =
13.3px;"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn=
:schemas-microsoft-com:vml"
xmlns:w=3D"urn=
:schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria=
l"
style=3D"heigh=
t:43px;v-text-anchor:middle;width:148px;"
arcsize=3D"50%=
"
strokecolor=3D=
"#F79B3E"
fillcolor=3D"#=
F79B3E">
<w:anchorlock/>
<center style=3D"color:=
#000000;
font-fami=
ly:Roboto, Arial, sans-serif;
font-size=
:12px;">
Request a free tria=
l
</center>
</v:roundrect>
<![endif]--> <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWYWnDk0pI8H2NEQ9GMTpUMfDDaOP2iPycddipbrGr13g-3D-3DcKX=
__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24Lkt=
SlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc=
3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktp=
RpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BM=
h3eiF9MyKl9Ygq0mmip4eG6T3ZN2LY6U0stPoog1kRgckRU6ASC1A5xrvhsJq4KUq2a0iD-2BRD=
Ssr5B-2F74BUn-2BXjwMGo0b9dCKBR4sR5n9rCBuuRUBRGlVXwHyq6bS64RzMiBa-2BxKpZE3aH=
KfoUGXqo-2FALQcGW5aW9wPdsCWa8gbQS8gfoXxkNPB0JseyCfCwjlcEH6zwOBhVuUl6M29e-2F=
8SoivF9-2FTXCswuvtBZshqjf2sWIlblx3tbhG9IoxOsvgJ0NetCXZKyPvV-2FxsggUNFfMPUks=
1Z" target=3D"_blank" style=3D"display: block;
font-family: Robo=
to, Arial, sans-serif;
font-size: 12px;
color: #000000;
text-decoration: =
none;
line-height: 24px=
;
text-align: cente=
r;
padding: 9.5px 21=
.5px;
border-radius: 99=
9px;
background-color:=
#F79B3E;
width: 150px;
mso-hide: all;"> =
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_581039" id=3D"n_581039" 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: 2017 Vint=
age North American Real Estate Funds </span></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
<tbody>
<tr>
<td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
</tr>
<tr>
<td style=3D"padding: 0 0 20px 0;">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 56.4652738565782%; min=
-width: 56.4652738565782%; max-width: 56.4652738565782%; background-color: =
#1D5080;">
<tbody>
<tr>
<td align=3D"right" style=3D"padding: 0 4px 0=
0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">10.00%</td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
</tr>
<tr>
<td style=3D"padding: 0 0 12px 0;">
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
max-width: 100%; background-color: #40C2C9;">
<tbody>
<tr>
<td align=3D"right" style=3D"padding: 0 4px 0=
0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">17.71%</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;">
0.89x
</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=
swouzWYWnDk0pI8H2NEQ9GMTpUM5jteVc11mqAq-2FR2e6Eu88A-3D-3DzvDd_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnT=
jB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMzn=
rxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQ=
wUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyLCvRP0t=
jAABG7DgITp8c5jMjvDuyi1CnWi4-2BkHGLr5pnuOJWfp-2BKQnmovaMJqpe3pkzWmSx-2BsKuc=
eBaaB04v9HgLF9yj8mzyUd2ygJ-2B-2BMwnXK-2F0tqQNZ8x1nl5-2BzKm5E05Cm37m5pdsXCuY=
LclCQokpUhr8QbgGTJ7iE2c0HjA3HvAv99LFReaxxREInRVDpcDL9BMAc-2Fa9kX0eVjurnh1La=
7pUR0EyPUrKnnEFpHCMdda7OCstLyLVIuqfChpLgijt-2FhYzn3LLW843Ee2wcDN" style=3D"=
font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Rea=
lterm Logistics Fund II </a></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
<tbody>
<tr>
<td height=3D"22" style=3D"padding: 15px 10px=
0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWYWnDk0pI8H2NEQ9GMTpUMyhvzeCsQNo9mAMUi4HWHng-3D-3DFjXs_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB=
7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrx=
mRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwU=
QAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyIVabL4-2F=
QeboczhifzC3SSoK4vodImvjzCV0vSna8vwSPgoLYBU5hESauAW-2FHqFPrDCh3j6Owx3XNLuEl=
a6ci5A8jF8saRrO-2FlVkhG9Jxp-2F6aUHQ1w0MJLyXOKNbjIcNTXqrRkCUtch4xYXK1x84T1WS=
ojGEUnULLcqweKtaV90G6lACRY0t6nSGTc1va-2FjkEthIWEbwvArEUTT4EtA-2FtqCcSdpM6CH=
D6LI072fZUt8FLD-2FCF9sftjKFYnjUnamrFmETuz2vTHCD6QOS3IsXTo1" style=3D"font-s=
ize: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Principal=
Strategic Real Estate Equity Fund II </a></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
<tbody>
<tr>
<td height=3D"22" style=3D"padding: 15px 10px=
0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWYWnDk0pI8H2NEQ9GMTpUMW5Mvaf5FlREn8ZjqfmRVyw-3D-3DmdIN_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB=
7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrx=
mRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwU=
QAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyLQl2t32ie=
0nLF6su3JedpjCL720-2F-2FI6Js0QQmdpnzLPaAFQxKxYz9G1zZGfVI36THo75dYWjSOOz9yJ8=
agaOQt4xkgy5JFwhu2pPYFr9wZ2Gaf38lhVuq-2FYBw1Jh7A31OIVtyA6Y1avBpqDtczGei8xdj=
cyLc2YziKP4KG3Mjh9xurI3vItc63SZcU96GBApbJ-2Fwd-2FX2M71DM6qvXin3tsVfyZiWKbJU=
O88gtJweb6wQgppT4S9OTkqHm3-2BkgNpkCTlqxsOaDubl40rgtzUNeR" style=3D"font-siz=
e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Cabot Indus=
trial Value Fund V </a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"font-size: 14px; color: #78766F; =
padding: 25px 0 5px 5px;
font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td>
</tr>
<tr>
<td style=3D"color: #1D5080; padding: 25px 0 2=
0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWYWnDk0pI8H2NEQ9GMTpUMgVqj6O=
Pe41eFwilPuBBHPA-3D-3DghbP_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8=
oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1Bb=
H5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXK=
MPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyLPjLBeZpP8HLMBDbORSDnuSgAm36rehYGjKdozGoP-=
2BfLwf-2FUQfC5AJuv8Y-2FDSBesrfsJepDSIttDdzPl8bOEJvctBSSbst-2BeQS3FzfqJsfrUD=
UQcChnElZwC7M-2FKF3uwQQPtd9N-2BvvVqeWS26rWu1DWQlRhNgzoFsyZruRQJuCEaYi1yKi-2=
FbRvvscDSCuC2qZcY39Urksg34D09uGBmg6UZtxyUTCJydAD-2BpkSolc1NB1D9RdNglaiPXngq=
GqKNxoY3Xpfe915ULmUEKsm4SrF" style=3D"font-family: Roboto, Arial, sans-seri=
f; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" u=
niversal=3D"true">69 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-2BaqM7ONnvsnswouzWYWnDk0=
pI8H2NEQ9GMTpUM1-2BRL-2BxpIVHi8N57kZZBsQw-3D-3DoiGL_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODG=
FMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZ=
OOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPA=
YLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyK0uxH0eMaUnXxmi7e=
JxWOASlK0L9J6R-2FbPZSpjrRBoiZbK5NzebAwvPWvkTq8PmzoqBwr-2FmbE-2BoWn9VTrbeoDb=
XcfyFnR76CzULOfVmI71wfCIS-2BJ4toM93bAINSXrqF728ibeBcT5UiDAw7S5ivE-2BBVSU7qo=
2OvTYqosqAzsmNZKHIKX4Ao7Nvqpq04dqnrO5B5zQAiB-2FlANGG9yWu3Sincxdrw97yP2VzTyE=
CTRHURXPo0OStF6J2wFtsju5zwSMRlUWwWaaTXteHLVbfuUL" style=3D"color: #1D5080;"=
test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br>
</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table class=3D" " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20
">
<tbody>
<tr>
<td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWYWnDk0pI8H2NEQ9GMTpUM0dLs30KYyaWLLgaOtTULzQ-3D-3DyjO=
A_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24Lkt=
SlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc=
3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktp=
RpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BM=
h3eiF9MyI7NTGBtOOpbZ4X5bBM6ujjNYYotNl-2FtK6WSoIOwIahPbQi0nNmA-2FJbS-2F7IBAG=
P5V6Lnq3LHKN6LfZf1QG6FDLKGV4JYJzJr1mmWnEcO9rsuMFv5Kg1yaUFejm2O6qwx80xYBESZv=
PKI9AzFxbSxGmaFQX4Wx0gLKZdAQFTjvIYYdvgmgMVjY6jvC6clecKPlinxAw17fG-2FHnRgda2=
Ydq27proP3Jif4-2BLxS62dHD7otRppdrYstv0K4ASBrs6GQT-2F1XGAfTQCPO1DS5irF-2B7Es=
"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4561/Churchillm=
archhba.png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; d=
isplay: 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">AI sta=
rtup <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJ4cDF32yFMNpo9TPxVxsmLDr-2B=
ktQJqra0qnw1MrQglQ-3D-3D9oNH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczT=
y8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1=
BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJ=
XKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyI7993l6B95pOZjVWPa5LEBgSgUnqLzDFqLtfsHdr=
RWtpzBg-2BwVUE2gjYem8bYtYFq4028Z-2FdX1H4GbgKjR00RGEo5QOVSkMIjppwOn-2BAtOmon=
Cf94KOwNmCb1PKEOIqFDagBIWpL5-2FfgxKeDPYCaugZiqptmyeEZJF5ZLE1i5urNiGOmxp5fPp=
4SN4StreF6G6sCWmUN6B7sKc83311TQIp4P1ldcNZsmU9VgHBI-2FiBshBgsFECeHFgWqr13qAF=
3QoFDo3Vr7yanYDR7F9UzDZ" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Decart</a></b> raised a $300 million round led by <b>Radical Ventures<=
/b> at a $4 billion valuation.<br><br>
Modular data center builder <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzUJ4cDF32yFMNpo9TPxVxsmcdP7avBVdJx5bDeE6Itc2w-3D-3=
DYlAV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR2=
4LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2K=
rMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85=
gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU=
-2BMh3eiF9MyJu35iW-2FjHQgT2j9Thw-2FpKH5oMfhAeMpnfo4tujjzXUmAwMwglFfxA4cMKoE=
C76gb3Pc1MnudcHsW1ln3RoWewJf-2FcCCbJSoJ9uqj9tFvek9aY22qgscU7LMHdl5nzW2x1NBj=
qq40I0nuuOeFeS1hXQYWHLKlIW1TB1jc2u5lvHjIXmr3JXKgWacNt5WkRaO980xgFyMMtCO6fbL=
ecdIGraerfyaJ9-2FuaA5x3ji3T21EKIAr7gwg3rZeMG9E1afi5jBLsrnosyzDlfz9ZcmMh06" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Armada</a></b> secur=
ed a $230 million Series B led by <b>Overmatch</b>, <b>BlackRock</b> and <b=
>8090 Industries</b> at a $2 billion valuation.<br><br><b><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUJ4cDF32yFMNpo9TPxVxsmO-2BkNYEK3FDwtCNkvkiH7fw-3D-3Di=
L7p_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24L=
ktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrM=
pc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gk=
tpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2=
BMh3eiF9MyIPFIe6bvylkEN4UXxRPmiB3YX8fU1XMroCsmXxyHD5uwLepwiMSAjOFguT3jP3Tne=
EYmiX7tRlmn4ALS4ACf5w9wEt76-2B54Z7x-2FD-2BAn2endMnn7kHzPZudgQFGOG0y0DL-2FTt=
yaFfy1HrKNJJAb-2BWfcSjdUYm9j-2FxN4uwryq2nJQs1IOW0177ayKmlmOj4JbX4lx8t1EZdRn=
r5xnRbi4-2Fbur-2FmXs-2Bl2GydbVkZm7uN1jWXxVrycYyW7P8f-2F9W3TJ2tAkP3f-2FWyjFF=
-2FpEJNitZ42" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Radar<=
/a></b>, the developer of a retail intelligence platform, raised a $170 mil=
lion Series B led by <b>Gideon Strategic Partners</b> and <b>Nimble Partner=
s</b> at a $1 billion valuation.<br><br><b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzUJ4cDF32yFMNpo9TPxVxsmhuu4Mn3csDydlCrwckbV-2BA-3D-3DHKar_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9f=
nTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRM=
znrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7Nr=
BQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyKfkqi=
C5vqBwc-2F-2FYlOik3JbUVGP9suss0RFr8wk-2FUMz9V05-2Fp2RG-2BwNauxB9zHdP0dqcvgS=
NjKo-2B3oqVKK-2BB2Nv1UypWny8PruhWzTVWR0ULGBbb4-2BwW2Ih4YTkTUXWhSNpuHmXynp-2=
F3HXo7zK3QFKVx2taHnCRCm6CO6-2BqZfAve5mH1RqoQoZNYcdaAB5YJMKEIN314GR-2FS9m5uw=
up5mtcbbOGQ0UHbq-2F-2BYBj2-2FMQ8q-2BxZJtpuWgFhZs2uV5ahXCw-2F1E5-2FYCgvVmvT0=
WTrecpA" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sima.ai</a>=
</b>, the developer of specialized chips for drones and cameras, is in talk=
s to raise over $100 million in a new round at a $1.4 billion valuation, Th=
e Information reported.<br><br><b><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJ=
4cDF32yFMNpo9TPxVxsmu28cbRdKIwrw6l1zbPivqg-3D-3DSBjU_Pr966knuaHmaw6c7pKvB-2=
BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQOD=
GFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2F=
ZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TP=
AYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyInYo-2BzffM2iw-2=
FYWwNoGzcudsOruX0aZUO5U3fsfWKhym3zU0ls8ISl77H4oMAJQXldOYJinU6cPCc2SdTWUu-2F=
n4Y1ymogrdlszgI8uGBR9DNv-2FCWCNyd1i8u8dNKpG7wkXJ50opAVf26ZVV9R2DoHEEPrj6s-2=
Bi3YwV525W5Lyb7TlSLeLT6eBbj3xQdQWKgSnrFif1YHG-2F09G7ecWDbJEZxUNdpzP24X6AUs6=
nJlbsr62D4HOwb3EOOj7qZztZh1fkpCkhl99h-2BmrhMfTP0sDf" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Nourish</a></b>, the operator of a telehea=
lth platform for nutrition-related chronic conditions, secured a $100 milli=
on Series C led by <b>Menlo Ventures</b>.<br><br><b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUJ4cDF32yFMNpo9TPxVxsmbkOlf2moMI7ruqplKzn7fQ-3D-3DBErc_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8=
OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV=
3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4=
VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9=
MyIAMpUR3DlxxYQVAqi3NBSDJ6eWYumq9w8Yd3neSKz6WU44fOr2wz8crKXDSBVXzn8Fnv5x2WJ=
xiO4-2BUanZ9JCPv2d8w67tIK1ySvO2emsq8ylmQk-2FgLU4SkdHw2UnsII-2F90MJKAI58h4di=
0KRIaPZdX5mHMaEJVYtTosssRqIqZ091DbZzwYjGEuZCmf1DEbrim6VS5CNPdQTWvKROBEuCmhC=
sMQu8JFPDXMIwgB9yHCWoPNIE9ZMqgqz4ceXd10VVsDXgq3SK0-2BEv19qT-2BfLz" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">Commure</a></b>, which devel=
ops AI for healthcare administration, raised a $70 million round led by <b>=
General Catalyst</b> at a $7 billion valuation.<br><br>
Milan-based legal tech startup <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUJ4cDF32yFMNpo9TPxVxsmpeJKpe2d4I8ECom36Tm6lw-3=
D-3DsIqi_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmf=
j2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trx=
E85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3Wgyr=
iLU-2BMh3eiF9MyKjoGb2lQW4AnyeINVLs9NW0ZDJu08umZO0s-2F1-2F3LiQEr4KDzsfuxUOho=
CHjPjXquLif8noZjWn1-2Bu1c-2BLJlSCyGnS-2BUj-2FNADQlwH1lOuXoG27CTYToJ8WSPl6lk=
OUw0h-2BQVy3NrtbOg4WppVdAHyo0i5Enp8iC2nxRD0B-2FAKvfU6DQ7-2B58B-2Bo3qr2xbLbN=
UGzSgODIamn8Vx1PsyqoaBqkKWwiUMY4AFsn1SkeaM5WxlRvTz0o79K9js2D8024ZZwXbL9YXNa=
2qsBDjpKdV10R" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Lexro=
om</a></b> raised a $50 million Series B led by <b>Left Lane Capital</b>.<b=
r><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJ4cDF32yFMNpo9TPxVxsmUcyv9=
9f4OXRR1hef6IkhZg-3D-3DQine_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy=
8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1B=
bH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJX=
KMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyJ759wSFB73irD45uLF87q8GkfhKkQd8AOBHI9rcpf=
zVBQfLGskxXpzOWI9-2BGOtwgVXhhiXKgHTG634zCib4-2BCHqMD162dBt-2FGVRo7io2564CPS=
SUMRqyow14oLG88B1ossDFK2SJKuSGlKRAQ9k-2B0uw6NWWkD2czikMWRTRaMBfdYb-2FTkoQFq=
WkfXJt9K9xu3RHv5kSCjtMc-2FjlGKhzTRvqa99u5qUmHE5ayOZmluC8DEjACbQwaD-2BTFjZEf=
N-2FZIaM8aUKtVG-2FFFEuxA7zbIWk" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Relay</a></b>, a fintech startup focused on small business bank=
ing, received a $50 million investment from <b>General Catalyst</b>.<br><br=
><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJ4cDF32yFMNpo9TPxVxsm1aKbldlg-2=
BTmW4IMiQ9bp3w-3D-3DnfeE_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oR=
i8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5=
XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMP=
Lxadnpm0iJT3WgyriLU-2BMh3eiF9MyLM9EqM3nW0jDAr68DWDl-2Fhk7kcd-2BMcFSbVSYXFzs=
WfO6h39QR-2BLk7LhdyiWhz2W2SUa6DDbtkSVJagH42mnG0A6NTvt8h-2FozIUpk42Ex6w0eI1l=
U0SnwTQ1IZ4jaybrfm8G-2FbeTXo3oHEY4-2BTltB7GblvrCEj7p1X6DrkGkrDVKsoKh2TDStj-=
2FWVGtSTD2-2BjJYoxj44QgDQlcN-2B87WLEp-2F8kvisApiUzt0aHBEQvXkcExEdzh2WUKGdju=
u6N23bY3criFyYCnIyHILtgN8II80" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Cagent Vascular</a></b>, which specializes in technology for end=
ovascular treatments, raised a $41 million Series D led by <b>US Venture Pa=
rtners</b> and <b>Astoria Health Investors</b>.<br><br><b><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUJ4cDF32yFMNpo9TPxVxsmFr6t-2BNLD8thn0qp5vuWrvg-3D-3Dg=
-9Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24L=
ktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrM=
pc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gk=
tpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2=
BMh3eiF9MyIF2Eddd122VJu2dQA6L7oL5E8NC-2BW-2BMg2m35lvDZeLqqfFqeEjFzjYM-2B5uV=
B4vPN6OYlM2-2BGOzk097zpKGbxIlx6lw12oGSGP7r-2BfA40NBKGEej-2FTVWxaT-2BPYMIaLd=
aCNsRB-2FtAbtNIJr9auIAB6z08yDI-2FCo1zA3tiVqCY9PuNYmL7RT33qb1n5HN9Fs2Po2w4YO=
kDB8bLsfpx5TSZrvGsjWthZlr5cf9GFd4AoTQhCgpI03V7vbd6zl1DTMMH51g9cIyXp8YKZBYox=
SLn2ph" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Dust</a></b>=
, a Paris-based startup helping businesses build custom AI agents, secured =
a $40 million Series B from investors including <b>Abstract</b>, <b>Sequoia=
</b> and <b>Snowflake Ventures</b>.<br><br>
Berlin-based <b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzVdHa9PkCPmGdDoNjee9IOy2QEE0sE9ogOiiiFQr-2BwCOQ-3D-3DqE9L_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8Oli=
gX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5=
glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxH=
h7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyJ=
uX53mnSTBQGGS0h2DXrwPfaVg1OBHEIIVtj7ZQ-2BYA67vb3SjwsezJ95mFYdULGkJxztMU06pP=
zgptZGxkMQsXGvET1IG360T3nHl5004dRfc8S8osHMGuw9jvodLgNgfuPFkChbyXVJWrZpb0mPV=
dB-2BiT36yUKybX2lE2NTag-2F7-2F9d51F2lZNt37oxGd3ZfT2mb9mzxOppwZiYy2p83H9L6YW=
oqblPIMObxhNMEg9mQ0UE0mLhEzsE-2B7Xe5DxqWTJGRq1mVbNCDXBRWqy3N5L" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Bunch</a></b>, operator of an A=
I-native fund operations platform for private markets, raised a $35 million=
Series B led by <b>Portage</b>.<br><br><b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzVdHa9PkCPmGdDoNjee9IOy6K-2B-2BdA3buR0l4a6nDgrYMw-3D-3DIwqX_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX=
9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5gl=
RMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7=
NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyJMZ=
2YlcK4DAU-2BXvRkM604LWo4Klpt2jeMwuw5J3pYa03wEoffoe2sF-2BLbWFRcrEhICSJ0Bgmd5=
tVg-2Bo0wlFeaFBVcQuKI27BvjSLr-2FbrnBS5C8K3MeQfECyo-2FZ-2BIpm0KgONvx5G16r-2F=
QdL6cg-2Bl8rsmcKwhH5fHTDgJ9i-2FIFwDBPTMnU-2B69g5mS-2FJKTFw9hpJgqPfFI5acGnuf=
H6po8cTk-2B-2BXcRiiQue4TeXgqrT8gbhYJnfA9yTWkn2ccqEb3Fk-2Fc1PNmhMQTZKGILZGgU=
G3N" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Scope</a></b>, =
a London-based provider of AI-enabled industrial inspection software, recei=
ved a $20 million Series A led by <b>Index Ventures</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>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"><b>KKR=
</b> and <b>Energy Capital Partners</b> are considering a revised offer for=
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVdHa9PkCPmGdDoNjee9IOyNyJxLQOL9o=
Wz0Ev75WCqVw-3D-3D1TjQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4=
3kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8=
WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5Xc=
M8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLx=
adnpm0iJT3WgyriLU-2BMh3eiF9MyIMw1N7Mgmx5b0YmZyGKeHcGDswOUqT5DW6SbY96EfPOE0Q=
Qv-2BjNdOlgVulqzQYzJqen53BIiyqbRpui4R1n5VvJ2U-2F9jOX8gaNhjkZZJFB47COQ2zBEs4=
vIs2ptqrIaB-2BTOmlUfF1weSAWkK2CLB4EwYX6YrVFR2xws4MdtkqF6HOQ7KBn3sxSr5Sp6MHC=
NPUHGUeJod7QpPb4CzTo98UeCb3IKJ73GqqkyX17tGlsu7bKA7jPYktqb8w4l7xJbeltpJAuuXy=
1bFnbVnyrlS3L" style=3D"color: #1D5080;" test=3D"" universal=3D"true">DCC</=
a></b>, a London-listed energy provider that has a current market value aro=
und =C2=A35.2 billion, Bloomberg reported.<br><br><b>EQT</b> and <b>IDG Cap=
ital</b> have been shortlisted for the next round of bidding for contract d=
rug maker <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVdHa9PkCPmGdDoNjee9IOyW=
-2BcSKY5pMYzdsNiezz7uqA-3D-3DKxJn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A=
5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV3=
4kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTE=
gluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyL5dtT0qJ3Ea5U-2BUTzPymXPlZpi2kw9RzE=
FoGmMli1v0-2Ft7LvBi8LEwbGXSyQPgJ1iN-2BRD-2FW6kqHvxqBwXWyKrzki8Fod6gku-2FlLa=
QaeuOlVPwg-2BpWTKcBwHv0VMsIXuQb731expv-2BPStCi9ezorwIEwB4QdFDSxzvb0lexRtUSj=
IoV-2B9dlSZq1Vkz3qeWY6UO5vvs0jfB-2FWxJ-2FOQy8WPP1aoV0JL0BPpDYPzaPofXd0DfoM3=
hJbEVIO6Zh-2BDz4ODTYGWXZoluOZcKKO5w7OzWw" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">PolyPeptide Group</a></b>, which has a current market=
value of around $1.6 billion.<br><br><b>Arctos</b> agreed to acquire a min=
ority stake in the NFL team the <b><a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV=
dHa9PkCPmGdDoNjee9IOyC-2Fdswjb8r6wN5pmopo3TAw-3D-3Dy0aQ_Pr966knuaHmaw6c7pKv=
B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELE=
QODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5=
-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh=
2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyLzBnyzmL6EYvs=
0wCFpoGEzfYh4x-2FkvrzFpDWXUHHC5Yac5kFRFK8DtwUXdePKVSvwx1qzgB-2FsNKq5FYSq7mo=
EWeY7L4vQ5nZ4hNs5wBabuNlDpRBLuMTm2E5fpq8nidz4GRUZfUB4rr7BGCygpodOy-2FlvuvvG=
2hZMi9M3PsYB3T-2F-2BkKeHl9yheany7rZnjK2ZwWs-2BP2N-2FbsL-2FwDdEUR5h11L-2FDwK=
NDHfjA9YuusBNe7FpUlx7-2Bzu9Y757-2B-2FiQDzClugtR-2FQcpl9rSnMkfLWk1j" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Cleveland Browns</a></b>.=
<br><br><b>Align Capital Partners</b>-backed <b>Marco Sealing Solutions</b>=
acquired specialty sealing products supplier <b><a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzVdHa9PkCPmGdDoNjee9IOywFgz04KsUqWJXF53DFLYcQ-3D-3DQ2DP_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8Oli=
gX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5=
glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxH=
h7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyK=
Ft1sO-2BohRhE21aVRtwWNwoN3Xeg9ki2Q-2BVWebMyNVJ2LnzIJBTHeRGITGxqzzqxNm9Gbl9j=
NxANm3PaYmLdXDYBz5zkVlSGXJSHnubEfeQqKoRsAZ50cSBTyUnl6L4MksgA8EZ6DvJ6S8Ubl9h=
urYL9L-2FworB-2FaPGyIZ0dmGIviqDYM4rB902kU8S5C-2BLD6SGEk25owBe-2FkkS-2B2dW2u=
3zPveJVdj0AlqM1Q9kvrEPCT0aYu4Yf1LYlrfalWAU1-2B2MlDSY5LTg14ZIeBIayYlj" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Pride Seals</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>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"><b>Sch=
ouw & Co.</b> has set the price range for the Copenhagen IPO of its sub=
sidiary <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVdHa9PkCPmGdDoNjee9IOyw=
fdUporbkz5XeRJXA1J1UA-3D-3D1Za-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5Z=
czTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34k=
VP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgl=
uIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyI4UxHRuyT3BUQsg76TDH7Y7IulYs4WurvJIun=
W4TsM6lc3U6dll5uBrvfoexiJsr1HhUwba4QhixicqhkRTr65hXVS4h5zC-2FhZDKtVNwXy-2BL=
HnPjn3kWQ7T6oPo5gouUkbVZmQYyYSaIVT08GyPHqNDzF-2BU37mWyaIkLWtsjyqLMLK1H8z3tc=
P9CGCCQIz5Brgs4B-2B-2BbN9UX9ZaJr5wGSTdsTWqlH11BaaWJX5RzS3be3rogUA31CSqiHlAh=
PYcF-2Bp6-2FoWZ6UQzhBnCwyAKqPj" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">BioMar</a></b>, a Danish fish feed producer, in a listing that =
could value the company at up to $1.7 billion.<br><br>
Nasdaq-listed <b>Analog Devices</b> is in ta=
lks to acquire <b>Fidelity Management & Research</b>-backed <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVdHa9PkCPmGdDoNjee9IOyxBCN9Ag8Pm2Tqt15-2BhL=
4OQ-3D-3DB4Q7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nL=
vpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah=
00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT=
3WgyriLU-2BMh3eiF9MyJ2yc-2BobiLTlQQcTioX4kTD9l70qlcNDallacV8gc3ZkFTiLoa3ls8=
ydAH-2F-2FaIctqPp5qFsR50mrqV1ehdDOJvMWAffAAWUEu8iQUiqyC-2BNKXEGpn7mPR9bplPI=
myXRaaGpWj5tdYsH9lk7ha8R-2B2ubI2rtnNHMigJwue1pjP4tuezcIuIHikmD6XU7edm9GZIeL=
oa5BSsCjA8k8Rr4fmy-2Fc3jgdzTSkT6zkexUe9jHHBb0wJt9lLIgCYSBv0mlJ8Vw6g-2BNJNfk=
PzkPVUeDSWQb" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Empowe=
r Semiconductor</a></b>, which makes chips for data centers, in a $1.5 bill=
ion deal, Bloomberg reported.<br><br><b>KKR</b> is selling its roughly 163 =
billion Japanese yen ($1 billion) stake in chip parts maker <b><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzVdHa9PkCPmGdDoNjee9IOyMPm-2BGmR8Jeev0MNxJT-2B8Sg=
-3D-3DVoSH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpm=
mfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00t=
rxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3Wg=
yriLU-2BMh3eiF9MyJAZ2BklqDi7PIxe4YQXgrH3nYib2Nho-2Bf8Sp4-2BvVx6peQu2ay3oj-2=
FH6JFt3O2sA0cH9ESo1edOhNpWvpdWDoEWgy6smyVCchqmqpSFL6M-2B9mVnds5-2FAc4YRZCVo=
X8zPXS1nREJDE6cSb0kg8V9PUlzzDVnqRgWiGG4ABP-2BY02fTVOTLug1rdzGUdBILBUWMsqMyu=
TWr3pyeH4Fh0OVQvHw0HSbjgt8g3nvBcUST5tC5X71Aadkg3V0J34SGNWKByhD4Qezu-2BwSaZj=
k0SUvamz3" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Kokusai E=
lectric</a></b>.<br><br><b>Intel</b> and <b>Qualcomm</b> are interested in =
acquiring <b>Fidelity Management</b>-backed chipmaker <b><a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzVdHa9PkCPmGdDoNjee9IOyZv54b7qzvgfugunc70yFUA-3D-3Dta_P=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktS=
lXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3=
XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpR=
pVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh=
3eiF9MyKp-2BuJHW-2FZ-2Fj4EqTuMkDXvn5Z0GVYjF5m8LjrHVzWY9109Niap3GsiXrMic7d-2=
B4S-2FU-2FTrOHRPzno5FOzwyUNukLu-2BvPrO2bWigM4QucfThZ3GKKcmqEE9lh-2FcIaXyeHk=
6vPEp2p42tQGLGwpgB98FjN6WgXeI4RAg8rL-2F6nt4swmDtqLIeTd85HNKjdtovqrepXupEDeX=
kGwjgh6OEsURaYW1FCegvjZ8en4N0pibPqVA2QpnvAQUNp6mKiFVAlQ2w4OKhduvGCjZKqs5GqT=
1o0" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Tenstorrent</a>=
</b>, Bloomberg reported.<br><br><b>Cohere</b> agreed to acquire AI biophar=
ma company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWYOvD-2FNppdaf-2BmSQWp=
IBRVIKQc95GH3w0VnycrPMtq8Q-3D-3DPPXY_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0Y=
QP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9=
J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQ=
JV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3=
fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyJKh2UkISgXG5NDQFLWf5jg5n9int2Dgw=
B-2FQ40TkYLZY8es0oXeWjGla-2FWyE-2BimazkFIqdjZNwrljJv-2FTDyppYspCkayvTtORGN3=
wTw7Toytx5x3TiGfKCRAC7cwGL0WcnfVhwOIsPjSfXxdhzNTjJlc-2FDtF2l3A8zLKEvIxmWzr2=
CEM6Y7Ninjmo1bH9CED1U3DiZ4bTCqEHBV9Bti6rweoGiY49MiGYSMkdDtnAWDwLKDBnEcKEfK0=
gADGADSIfHg0YY9OHtPWnKXwOTZi4Qb" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Reliant AI</a></b>, which is backed by <b>Inovia Capital</b>.<=
br><br>
French LLM developer <b>Mistral</b> agreed t=
o buy <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWYOvD-2FNppdaf-2BmSQWpIBRVQ=
uIjssFSHEd1jXYKqiczfg-3D-3Dxv5U_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5Z=
czTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34k=
VP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgl=
uIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyLYSk1IWXH9oCfDZkRVPD9GpeDXckxGn8gcEUa=
5lLNi6zKoEM5mLm76hGuBzsQY3PPLwFkJ4pejyNd-2B9cz71gnBp5Vf7P-2B3KSoQDlnhR4AGeS=
J-2FhMxyaqZZcf-2Fvbhe7mVRj-2BiU-2BWM8yMiVXWeRW95dpM07bZNorH0tvgK6uv9YzEpvBf=
JIme79qBQNuRDhmevK1OLu7CM8k3GSwKJe8Mf589dNfBMUcQsjvCner9ti9N-2B44G2iXpG-2FV=
n-2B2R9HTCgpXxVhevEosS73Z67j-2Bfs3yB" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Emmi AI</a></b>, an Austrian developer of simulation tech=
nology for the industrial engineering sector. The target company is backed =
by investors including <b>3VC</b>, <b>Speedinvest</b> and <b>Serena</b>.<br=
><br>
China-based physical AI startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWYOvD-2FNppdaf-2BmSQWpIBRVwn1WdxO3CcuSrGfCr=
-2BYtPA-3D-3D13B7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR=
55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOg=
S0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm=
0iJT3WgyriLU-2BMh3eiF9MyIddJyKvQJpN-2BlG6jIUlQChkcK4KSGpdRBjcIWopoxKqSMmeFQ=
HLG9PFZK9q0QKP-2BDts7nEbeXllqGSH7Gd7BpCb4sK3B3yIa-2FRru93husb3uc2TJK7FRsAfb=
CiRgN3nbWl6n-2B8dWxv0OtEfMEChTHi5fWHUTIfD7cvIIfqzF1OVY-2FVK47xau1yQExAheHa1=
mpAwbDXRWn0PmRFfYnQyMGudAi0kgQz4HjclMHQqIcratqsC50dKa6GJn5aiATuPwyZtF-2BYZh=
1gW3DNraAyi2yx" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Link=
erbot</a></b>, which is backed by investors including <b>Wise Road Capital<=
/b>, has hired banks for a Hong Kong IPO, 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 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;">London-based financia=
l services-focused VC <b><a test style=3D"color: #1D5080;" href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzWYOvD-2FNppdaf-2BmSQWpIBRV4BiC0kFhJPHEQhizP1julQ-3D-3DO=
Lhr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24L=
ktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrM=
pc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gk=
tpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2=
BMh3eiF9MyImEXZD-2F0tgbkZ4FlQQlT4MUxaX-2FtF7zGNy3V9A5nuuwbPAz-2F5f9VE09To3V=
gkikz0wUwNTk83q89mWe5pItKkAOTUZltNwInb3DSXxZ-2FXeWCcsCFS0VazSJPlIXcLIsnTg-2=
BO0n76jMAUldOt-2F2Revc2SBsPPEXvuc-2F5wn3q2MIvpF24LmSaZBH-2B-2BmZ24Z-2BJXvn3=
9vC4uSqS1rIVF-2BDlLJ6Hb8y7c8FxC-2F1Dq60wimpetoI-2BQUPoJhkwThWMNhQxG68nHqEIe=
vpn2HxQ0g6bjnN" universal=3D"true">Mouro Capital</a></b> raised $400 millio=
n for its new fund.</td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2"> </td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
min-width: 100%;">
<tbody>
<tr>
<td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
<td style=3D"min-width: 20px; width: 20px;"> </td=
>
</tr>
</tbody>
</table></td>
</tr>
<tr>
<td style=3D"padding: 0;">
<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
<tbody>
<tr>
<td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
Arial, sans-serif; color: #78766F;">
<table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
<tbody>
<tr>
<td style=3D"padding: 0 20px 0 20px; ">
<table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
">
<tbody>
<tr>
<td>
<table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
<tbody>
<tr>
<td valign=3D"top">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
<tbody>
<tr>
<td align=3D"center">
<table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
">
<tbody>
<tr>
<td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWYOvD-2FNppdaf-2BmSQWpIBRVhPnep=
DTbqgCxyar-2BoaJh5Q-3D-3DxtbY_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5Zcz=
Ty8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP=
1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluI=
JXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyKYfMAtUpmx-2FgVg7FFekLbcObhAjvM4Tw3QoRy=
JluXVz7X6ZSIlIWVK1F-2BqaS6ydUAjZ72j4RykHBebc2XjjXNfXXXeDiUi0VkdLcbs-2B-2Bzq=
j9tdoUo5riD4Sf4-2FOjpKIl9NaH4GL3EFRKAmS1-2FoY2XXjQfM6ZeaT6q7dQnL136-2FUR0Jw=
XSSuPrt2Yq0o-2FOVw2aq5huarENWVZSLyxrTTGfyYRvdbFEWnwpWvURUlIarVQREtJcdd8MRYD=
x3Y1G47Y-2B5MOXVvUeKSYbGNB7atysI" universal=3D"true"> <img align=3D"center"=
alt=3D"" src=3D"https://img.pitchbook.com/news/74409.png" style=3D"border:=
none; width: 100%; height: auto;"> </a></td>
</tr>
<tr>
<td style=3D"height: 20px; line-height: 20px"=
> </td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<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">Q1 202=
6 sustained the strong M&A momentum that characterized the second half =
of 2025 in Europe, posting a 5.3% quarter-over-quarter increase in deal val=
ue and up an impressive 42% year-over-year.<br><br>
Source: <b><a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzWYOvD-2FNppdaf-2BmSQWpIBRVWRpaDCV2BA5GZGalFIUqjA-3D-3D2vj__Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9=
fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glR=
MznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7N=
rBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyK3Ng=
W7uZ96B4VRm6AOc3E3Ln9Xxj7lMBKgkD-2BT-2F6YSwuGuaGm6XQwEkGZkevLY479-2B6zKU6RG=
MYskd3gtovl61O4Dg2De2aAOQ2giLNOsgvHW6XpYfJHA07UAOqhJd-2Fi-2BxkY7zNK58JSRfce=
gBRnrKEW08X4TtjVl2UpF2UnMa9AWeZth2cldMN-2FMnN-2BckgZTVzp7uFFMrXo9jpMJyQx8D6=
3BvyQlYyaf-2FS5dOr08inG2fCn5-2BB6TgZJavWuV-2ByjmmdQpkolD-2BI8u-2BQFPvTvLj" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Q1 2026 Global M&=
;A Report</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-2BaqM7ONnvsnswouzWYOvD-2FNppdaf-2BmSQWpIBRVizJ-2Fs=
Rew-2FIPjzgIX0cCeyQ-3D-3DGLq0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5Zcz=
Ty8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP=
1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluI=
JXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyIZ-2BPna5I3W6nXt385tSQ5PMMvNxN1SFHitGzt=
m7gfraD2WBUOQF9Ymw-2BLXJ8oSr-2BLbgH-2BgoexPnkNVYAyF-2F2AOuGuRyTxieqPg30Ov9-=
2BlG65wrPPBkzjvo3puvdgds-2FVcHwwSF8KVZwiSXhd6cyaQfj0C6JGKEpZ4YfSCK5LWXzx0I9=
4A-2FNUIx7qs29KOFGvM4a-2BAPi9VX2PII12MHn39cwr6QREo4MvHawxWwoseuCmPdo5knZ0fV=
nsfBgOHdPKMalzE9LUqhvFWblm452K9G" target=3D"_blank" style=3D"text-decoratio=
n: underline; color: #1D5080">About PitchBook</a> | <a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzWYOvD-2FNppdaf-2BmSQWpIBRVkBxbBYgdXNqr9Wn1F3zK0w-3D-3DyBUP_=
Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSl=
XNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3X=
MHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRp=
VJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3=
eiF9MyIcLYOIEXBhuRuXiqX8dbC1zwm75LV6TIjFRuTqNtx3uyN03zH5-2BQfoo4PF-2FI4KeV-=
2BwqqDaOE48HVz4gWzv864QH-2FDfpj3D-2BLWh-2BU6rtIFRV9brVOwsphGyrKqqeXChocCNH7=
TyzL9iLCIF5W0m1-2BJsftgGfJK7KhGQB1g93fQgowULpWT97x4jkexxyHPtA8iC832Idaj6zEe=
oQTNQeqJEsIH2ogK7eTlkgfUJ16MYfe9K-2BN5cqxWJWUG7lS-2FMfkFDwKxwkQOMXTwWH-2Bec=
3lAJ" target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080=
" universal=3D"true">Terms of use</a> | <a href=3D"https://url6380.news.pit=
chbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
WYOvD-2FNppdaf-2BmSQWpIBRVhyVQ5dQRnAQUh1ijMaiFDA-3D-3D-7Zu_Pr966knuaHmaw6c7=
pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7=
ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxm=
RL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQ=
AGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyJdmC0R429U=
1DnYXY5-2Faf7HooTYQ9Cu1pbrEaLHC-2FLJku3v-2BItibxMXqtfVIHx9MiZM20MyGC16OcT-2=
F4yasW4gExZfQ-2BA3KdTYP00kTx7NRTak-2B2qlCptkvbU-2B9O-2FPfS2mg7UoVeGASerQGBW=
PdpLsMzMe-2FmUKQziXksb0579QdaKWSYe2WGTbpe1COGwFnEda75BQbMF9AHh0LjyaYr-2Bv1o=
98Gb7iHefNlWl2-2FFvqU-2B-2BriSSdACcuULrq6hdiJIgx4evMv4oQ-2Bw5W0P3trZ4sp" ta=
rget=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Advert=
ise with us</a> | <a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWYOvD-2FNppdaf-2Bm=
SQWpIBRVHK8UcksRvmWtxi6L-2FnQ7Eg-3D-3DZuVY_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw=
lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdm=
dLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3Ky=
rDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Ui=
p6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyI2hogDLVStG2uXXkFQBm1EoSS6=
36hFb-2BuExxjXM1WcEjkuADdvtg3T8F56KoeLIEEtStTMYvguBa3kqfQjbSq74DkSZVfU4loRS=
YV3Cl9-2FXnRpWev73-2FTsYt185kKcYEOv62FjP-2F-2FEzIA84GMB8S8RH627c1TL8UqeQ-2F=
v955mEu1WpMCSvVxhCuHrRKOexdIslmlNpXnzr6TFIGsEZwmtGKUq7QXzE6KhY0EPlmdty4I-2B=
1jWfWPJx1Ys-2Bj8nzrVAFgnVmBaoTDAMlnrejnMeVV" target=3D"_blank" style=3D"tex=
t-decoration: underline; color: #1D5080" universal=3D"true">Contact</a>
<table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"=
border=3D"0" align=3D"center">
<tbody>
<tr>
<td style=3D"padding: 15px 0 0;" align=3D"center">
<table cellspacing=3D"0" cellpadding=3D"0" border=3D"=
0">
<tbody>
<tr>
<td style=3D"padding-right: 10px; font-size: 10px;=
">Follow us:</td>
<td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXOMDm6yCmr-2FTOnwXS5l8EMppAZPWs5ivnLGg7OIYttHA-3D-3D8BI0=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktS=
lXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3=
XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpR=
pVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh=
3eiF9MyIa6-2B4o0-2F-2B3-2F1gS57hBDIAUQimJOTEZyxl7y7TGXrqnX6G52Rca9gG17wz8CR=
BFx-2B5-2F77X3KsTX1KBdRif-2Bu3NNpP-2FnkrqBhvM7TrkU2UEbvo5OHe27zRganGcDEkUmM=
JWvlZodLpM6j-2F5r0pNioB5eVGr5Qd30YMUC3v3pOLn5LsPA26-2F-2FByZdqxGJW6nwE0EOzu=
LpC6YZxJf4kdKP9glJMZo2nyhDkWilLcPWIiWP-2FR8pylmH5kyKdESXFC74396wuvuBSMSFv03=
57z-2BTKO3D" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D=
"https://fonts.pitchbook.com/newsletter/linkedin.png" width=3D"25" height=
=3D"25" alt=3D"in" style=3D"border: none; padding: 0 0 1px; vertical-align:=
middle;"> </a></td>
<td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXOMDm6yCmr-2FTOnwXS5l8EMIl1WkPv-2FciPyLmysCJxDuA-3D-3Duc=
GL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24Lk=
tSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMp=
c3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gkt=
pRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2B=
Mh3eiF9MyJivbn-2B00dpJKJkNGc4ilXLhEugoorI8i-2FusAaDz6UqBl1d8Ok-2FIQeMIgreuw=
08NCGIOHXikfl5e5eBytS7FFUWIfkgOTTQcHJWG0gokMg-2FzntXFZZInOzMjwhSXZ17hnNDLZW=
wfmoF7mVjk5H96ISpHIXHhEWgIkPqwcpzQPbqVDPr0uuu6Lx8G3I67Lq9eoRoZHStQz6KHvnvhe=
M-2B9JamhZAEcg9p9WMA-2BkTmut6wN7r97FHDUWVnLLK9vFd1EkC7-2FI0KlJEH9oJ0fuBXQlj=
d" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https://f=
onts.pitchbook.com/newsletter/twitter.png" width=3D"25" height=3D"25" alt=
=3D"twtr" style=3D"border: none; padding: 0 0 1px; vertical-align: middle;"=
> </a></td>
<td><a href=3D"https://url6380.news.pitchbook.com/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXOMDm6yCmr-=
2FTOnwXS5l8EMYr6CezkYKwbvawEvYZ5dZA-3D-3D6dwT_Pr966knuaHmaw6c7pKvB-2BCEiDnj=
5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqa=
BdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC=
3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL=
8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BMh3eiF9MyK8EgTCD8sxDYjE7I0971VHk=
OsiUMN0V3tlN8ZyFotjJB0cGR-2BU714r-2BGC5Rn2lpVPZZWv7yDqIRnXFkzoORTIx-2FVYqjd=
l4bbdJkZOLrtL1Asq3tdxJjGA9FegVNCL8fTDQd3RzUIexgPW8gNRa-2FfIcr-2B7Zv7rSIlMBX=
nk4ZPIkbqvbdUJp73-2ByZGAnDWaIoJ-2BbuqXqP8-2FezF3gE5ohuoE7BfQ-2Fpu0xg2xZRQbH=
m-2BF-2FJiJbeoQI9KwSENgxIBCX7-2Bqa1LkRBvNTDMjJwnvC2-2Bnw" target=3D"_blank"=
style=3D"text-decoration: none"> <img src=3D"https://fonts.pitchbook.com/n=
ewsletter/facebook.png" width=3D"25" height=3D"25" alt=3D"fb" style=3D"bord=
er: none; padding: 0 0 1px; vertical-align: middle;"> </a></td>
</tr>
</tbody>
</table></td>
</tr>
</tbody>
</table>
<p>This email was sent to <a rel=3D"nofollow" style=3D"te=
xt-decoration: underline; color: #1D5080">vetyl@ponjosonek.com</a> via the =
PitchBook Platform.</p>
<p style=3D"margin-top: 14px">Click <a href=3D"https://ur=
l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx=
1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTf=
dSBLrG5odLYHQXzZYap3xyjo613CQL5EKIRNY6DZpApxW-2FtnBQxpZYVDpyvCJULc6js75N834=
Kg1wfc9mFqyoHZxYrhZdFQWS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVR24LktSlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oR=
i8WXUUR55nLvpmmfj2KrMpc3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5=
XcM8rOgS0ah00trxE85gktpRpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMP=
Lxadnpm0iJT3WgyriLU-2BMh3eiF9MyLZYSGzD4M8OggD2xHIfiSdNdAhUX1Tgyi30O9qpinQj9=
RFE-2F-2FcSKHyOGqxN1AlrlRBZzkGmPh8i-2Fe9DTTsNAzgNE7Pk7Lp-2FQBIQ-2BwVYPBj1SL=
O7Eyeer-2BfIusXXReSzkWaoTGyN7-2Bk-2BMg-2B9RdYSHzSKI5brwYxR6ap6G5LA6Q-2FTwVg=
ahsPvjb9a1UwLWdqxBhw2TZo6BzIuDnkeFQlhyFQTmklEe3q-2BSIkpgGy7G0Rro1bWJVBJBBux=
AzTkeVoUSE0iynVRafTZVFA-2Fawok8NR" target=3D"_blank" style=3D"font-family: =
Roboto, Arial, sans-serif; font-size: 10px; text-decoration: underline; col=
or: #1D5080; -webkit-text-size-adjust: none;">here</a> to manage your subsc=
riptions, or if you no longer wish to receive these emails, you can <a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrVRvnzbxJbWwDftsHe-2FnJ3PNCbp5fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsIf-2BQH=
Y-2F6l9Vc44O6YYP5nyZstiuA0hPHiOTJvTphTwYVVcDj-2FgzVFL55dZKzjozFN3yY7gCEJIYI=
rzSMor6WWroWX0bXXZvkh8-2BQAKKeJp8swZ-2BIgJVMG-2Fp44pdXIyJJRfEq3utA-3D-3D81W=
3_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24Lkt=
SlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc=
3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktp=
RpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BM=
h3eiF9MyIcfhPz6lzRSz-2FRQgkeu-2FQCNc6g35eKjqf5OdQvOpBGdJhN-2F2jJOYREJfiRIEF=
Ae2agOIsL4U94A3U-2BfwztvNtIqKu4BWtwWJUF340yRl8Om3QutRxmvEYpOecIepMbJUlMiF1-=
2F9Ha1w8QgZPMynegMmTeD1Eg3X0srZTCKC0BHNYMLUoqOTKSxU-2B5ypPQTdqGqxQfnzJRYooh=
RMErxHsIJbBAsP5-2FxRsrH2JE2Jn6gqlfWol9lqaligKfvfxvsrxGpXXMZ5Mc9s726vO1MzZi5=
" target=3D"_blank" style=3D"font-family: Roboto, Arial, sans-serif; font-s=
ize: 10px; text-decoration: underline; color: #1D5080; -webkit-text-size-ad=
just: none;">unsubscribe.</a></p>
<p style=3D"margin-top: 14px">PitchBook Data Inc., 901 Fi=
fth Avenue, Suite 1200, Seattle WA 98164, United States</p>
<p style=3D"margin-top: 14px">=C2=A9 2026 PitchBook. Win =
what's next. All rights reserved.<img width=3D'1' height=3D'1' opacity: 0; =
style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitchbo=
ok.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAECQE7XY=
5D5PSLQI&emailId=3D3DAQGQUP4X7JJMC&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG=
625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DPED7RLFD4GN3BVMRTF=
QEHYZOOJCKA34MS5JA35Y.gif'/><br></p></td>
</tr>
</tbody>
</table></td>
<td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">=
</td>
</tr>
</tbody>
</table></td>
</tr>=20
</tbody>
</table><!--[if (gte mso 9)|(IE)]>
</td>
</tr>
</table>
<![endif]--></td>
</tr>
</tbody>
</table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0pT2u=
J_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR24Lkt=
SlXNF8OligX9fnTjB7ELEQODGFMjrqaBdmdLIud9J4A5ZczTy8oRi8WXUUR55nLvpmmfj2KrMpc=
3XMHiV3G5glRMznrxmRL5-2FZOOONtC3KyrDVFlQJV34kVP1BbH5XcM8rOgS0ah00trxE85gktp=
RpVJy4VxHh7NrBQwUQAGh2TPAYLm6zL8Uip6B7V3fTEgluIJXKMPLxadnpm0iJT3WgyriLU-2BM=
h3eiF9MyIVpmA1Ff-2BxkLOgr0lVAG6cUw8N8mWq-2FRgG8t38MeYv4NB-2BG5aja11ssCFStZ2=
03bGBMO8ZzVgNHaRFLmPwujTpoq-2BkT9SBQCiDv6bOqNAezcF1uk7MbBNHMOaMm8w604Dv7miX=
9zHXxO6jWyJ3dmac399E4p90zv0L9Uho5j3tH7He6LNqjfht-2FMIKuUEZYWruonZ6Zm-2Bjldn=
4QYwTEOEcmXlmaCOqbhhrshWimat0kF4M-2FzZhn7YUKBBjUwDiT-2Fld4ncnoQKsk3nditKOwa=
dc" style=3D"display: none"></a>=20
</body>
</html>