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Subject: AI video startup takes on Hollywood
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" 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_573718" id=3D"n_573718" 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;"> A tech skeptic's AI video star=
tup wants to change Hollywood </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;"><i>By Rosie Bradbury,=
 Senior VC Reporter</i> <br><br>
                               Naeem Talukdar is far removed from San Franc=
isco's AI frenzy, living just outside Toronto. But his AI video generation =
startup, Moonvalley, may be quietly transforming Hollywood with its self-st=
yled "ethical" approach. <br><br>
                               Moonvalley's model, Marey, is trained exclus=
ively on a studio's properly licensed data, and the company has landed "jus=
t under a dozen" deals since its beta release. <br><br>
                               "We have people who have previously been voc=
ally, completely against the technology come to our studio in the last few =
weeks, asking, 'Ok, how do we start thinking about this?' " Talukdar said. =
<br></td>
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ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: =
100%;">
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lspacing=3D"0" border=3D"0" align=3D"center">
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rder=3D"0" align=3D"center" style=3D"float: none;
 ">
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                              <td style=3D"text-align: center" align=3D"cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVlTbWl4VFb5bMpQ6-2FZKc5a9hi2Cn0=
2j6JZw7Oclt4gJg-3D-3D3g51_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPb=
tpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCN=
nZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8=
Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVdLRUSVXWcnhbWVsW-2FZbh4oUAxl1-2BYgS5Rleu=
0e3bwiUdEZhjC-2FjDa4Gg8BdIgmLOGjvX0X-2FIAQnEjyH7BT7cZwgeoRmB8YDuM7S-2FlHRwz=
30tM2iZ0TJGbj-2FI6Jm84thVTNXfPirYyICi-2FV5slVt44IkaUFicBWQ7CAhTK-2Blr2HvCac=
DlBZQcmbORwxuH98B9pd6A9BH7RHuKZb8RK5vRkEPeLVOu48Xw0qID-2Fg9d0Fp4DJ8UFoQdZUe=
NUi-2FW0XQAeBqs-2BqZwammvNX4DjDWgM" universal=3D"true">  <img src=3D"https:=
//img.pitchbook.com/news/70931.png" align=3D"center" alt=3D"" style=3D"bord=
er: none; max-width: 420px;">  </a></td>
                              </tr>
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                              <td style=3D"height: 20px; line-height: 20px"=
></td>
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                           </tbody>
                          </table>
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">Two years after the S=
AG-AFTRA and WGA union strikes, the industry is embracing AI faster than ev=
er. But with around $150 million from investors such as Khosla Ventures and=
 General Catalyst, Moonvalley's resources pale in comparison to those of ri=
vals like OpenAI. <br><br><b>The business model</b> <br><br>
                               Moonvalley charges licensing fees and per-in=
ference fees, but the potentially much bigger prize is the cut from the pro=
ject's box office sales or streaming revenue. <br><br>
                               "If the studios can get revenue by having th=
ese models work for them, and they're now also implicated in these data tra=
ining conundrums, then the unions can fight with the studios for whatever m=
oney might be made off of that," said Brett Halperin, a PhD candidate at th=
e University of Washington focusing on AI in Hollywood. <br><br><b>The AI f=
ounder maverick</b> <br><br>
                               Talukdar actually describes himself as somew=
hat of an AI skeptic. After studying computer vision at the University of T=
oronto, he traveled and worked odd jobs. <br><br>
                               As AI boomed after OpenAI's release of ChatG=
PT, his own penchant for science fiction=E2=80=94like Star Trek's holodeck=
=E2=80=94gave him new inspiration. "This is tech that can be used to transf=
orm the human experience, or completely degrade it," Talukdar said. <br><br=
><b>Shifting sands in Hollywood</b> <br><br>
                               "Studios and streamers work in the creative =
community, so they don't want to be perceived as anti-creator," said Aaron =
Campbell, partner in entertainment law at Sheppard Mullin. <br><br>
                               Marey proposes an approach akin to the way c=
oding agents have made software developers more efficient, rather than elim=
inating them. <br><br>
                               Still, not all rules and laws have been set =
yet. Screenwriters and authors are already requesting provisions prohibitin=
g their work from being used to train AI models in their film or TV distrib=
utor contracts, according to Campbell. "It's probably one of the next battl=
egrounds."</td>
                              </tr>
                              </tbody>
                              </table>
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ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: =
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order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
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k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV=
lTbWl4VFb5bMpQ6-2FZKc5aqyz0DtNRc4OclcpLwVZ1Kg-3D-3DVJXH_I3w5d9c01gkD8gLzFEo=
fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7=
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LVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXt=
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ue">Sequoia bets on indie cinema buyer Mubi as AI seeps into video producti=
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from Morgan Stanley at Work</span></td>
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>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573490" id=3D"n_573490" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
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"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> As the IPO market reopens, are=
 you transaction ready? </span></td>
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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7px; font-family: Whitney, Arial;
 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" style=3D"
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ng=3D"0" cellspacing=3D"0" style=3D"font-family: Whitney, Arial; float: non=
e;
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                              <td align=3D"right" style=3D"text-align: righ=
t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVlTbWl4VFb5bMpQ6-2FZKc5aRhL-2BquURn6R=
zZ61Dkxij9g-3D-3DmZIK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTi=
EoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTn=
DMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V=
5GSbliKbtoQlfeF9A7KTXSOEMWoNqSUqW9XBcPl2nIaWY9ugJhDFNe6jY7ZrtHs6-2Bmc1V8aKD=
AJ0Z0XWncvjz6Kn-2FqKaBZaLTNree2mJTNpNkHDGZkJPUFJhhhOsOcRqLcl2vAWr3LRQzQKWcr=
-2F3Fr-2BpQ2VldeLgfdMsE6J9-2FRznM2B8VNNe6h3DaLN-2BaY729cwdARERrcSvHg2oKWJqN=
ooMDNsXiDYgz1h34sGKNBw8B1FkM4SPuoxb17ibivjK6ayjcLCP4L4zjByo3FJwGgG3jrZXzug5=
LY-2BQMEijOlI3Dmtut2Me"> <img align=3D"center" alt=3D"" src=3D"https://img.=
pitchbook.com/news/70737.png" style=3D"border: none; max-width: 420px;">  <=
/a></td>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                              </table></td>
                              </tr>
                              </tbody>
                              </table>In a dynamic market environment, havi=
ng the right systems, processes, and people in place can be critical for pl=
anning a successful IPO. However, companies often underestimate the amount =
of work required, which can lead to costly transaction delays.<br><br>
                               What can you do today to be set up for succe=
ss tomorrow?<br><br>
                               Discover what steps you can take to stay tra=
nsaction ready and manage the expectations of your shareholders ahead of a =
future IPO or liquidity event.<br><br><a href=3D"https://url6380.news.pitch=
book.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVl=
TbWl4VFb5bMpQ6-2FZKc5aRhL-2BquURn6RzZ61Dkxij9g-3D-3D9Y_C_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk=
7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnl=
wLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHX=
tPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSU-2BToPUPJ=
X-2F8wOFkuXELG8Gxk9RNMNopXLxnBSWrlOI5BCo9pxx64cnyqNC2FNyuw-2FP4ZUBA5o5EIdLS=
-2Bm6OKnThn69M4-2FzyZOG5yglgp6HkfbuoEEumU1gZd-2B5zSykXXw5YlKkNIzFxTapN4jDkm=
VbH-2FIoAQ11sI1T9JOj0a12xZiJ5ptne-2BSqUlqvhe0-2BdsgulIcY0dGejOG4jDz3DQALgJ7=
H4C2uaLpwFyWrIHlRdibRRtCYPJs6zj2msmU12zRYiSWoh5SXYWCxYUXoZ8gY" style=3D"col=
or: #1D5080; font-family: Whitney, Arial;" test=3D"">Request a Transaction =
Readiness Assessment today</a></td>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>HR tech specialist Deel raised $300 million at a $17.3 billion valua=
tion</b>, a 42% jump from its last valuation and a signal that investors ha=
ven't been put off by the company's high-profile legal dispute with rival R=
ippling. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVlTbWl4VFb5bMpQ6-2FZKc5aTiq=
p8yYuYkx-2FZNnCkiDikA-3D-3DYAq6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVas=
OR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcup=
ZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzY=
pKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXcv-2BfVbja9EbKUCMTKU5xtM0nFSB-2BAA=
AQ8wCAeRgIvkmcw-2F-2B-2B36ezYl7ETIJh7FhH0SNBimxgPa4d8TnBrMbWzH2xfJD6d2Lnkjg=
BuxvqUI9GzaCpbJ-2FY9xkRaXvC3xkwPXvBCyATlRnczq2xamC40hf4Km9pOFGuUIwQWM819YDR=
OBaTOjZtEvmnjmb-2BPhjVHVvVYfJQiCtigM0-2BShyC5Epoq-2BLsw7euuMT0VayXGBkvKWRw1=
VeSO1aCM-2FHJ1UcErZ0SmmpaUOtFLLzToaILn" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true"><b>Full story</b></a><br><br>
                               =E2=80=A2 <b>Ardian has closed its largest i=
nfrastructure platform to date on $20 billion</b>, as US and Asia-Pacific i=
nvestors increasingly seek exposure to the asset class. The platform includ=
es the Paris-based PE firm's flagship Ardian Infrastructure Fund VI, which =
is 90% larger than its predecessor and was completed in two years. <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVlTbWl4VFb5bMpQ6-2FZKc5afTLMBhWXxki2OF1-2FW=
zvKKA-3D-3DTdwY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVh=
hEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIF=
e2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbli=
KbtoQlfeF9A7KTXSOEMWoNqSWklA1F-2BgdXexvil8bQ-2FCYaxNmk-2FiCEYLi8DQ9ypwjpb1i=
hxzxecwsR229i5MovuOWN76fXGF64KaJ7rlrtBPTAVrwGJAVAS1OB8Ylh4JabQYsRBq8qbZcucO=
Zso-2BL-2BgsFsG4vglRmSiqViA4rv4NQOQwCcHurYkzmhCC1ehXjk0fBTiZbYdqVD-2BII54dH=
POo9uFr7UUuec-2B2gUitZUTFoAmEZluDEw0PtUC-2BpTGYi-2Bug-2FmwZFY9Iv-2BpNHO9BaG=
GgTeWK0UVjQA53qy30nNu9s9" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true"><b>Read more</b></a><br><br>
                               =E2=80=A2 <b>Blackstone is targeting a modes=
t step-up in size to $5.5 billion for its fifth tactical opportunities fund=
</b>, according to documents prepared for the Louisiana Teachers' Retiremen=
t System. Generally, fundraising for special situations funds shows a stron=
g correlation with broader market volatility. <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzVlTbWl4VFb5bMpQ6-2FZKc5a2JLek34O-2Bjb-2FP7T4h4WH5Q-3D-3DTqcS_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQ=
qoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg=
6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtI=
fXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMW=
oNqSVYY2zqmwDTRJUCfiNzb6UC9v2R0JgbSUFF3g4VvguWJjTCBUVXamdhqcPmOt9TBV7gDq1Ug=
zUQv0yCi9s2v7sJ-2BgjEcDNwGsMOMcsZRQtewm-2FlVr-2BNQyFKzEWY6zB8ooCxbxlZXB-2Fc=
shgRhGcq1XyyC8yrlg5SQ17Qxc4wS32HMIBQVPL7N-2FXLF1iK-2BQK5OkmOU6J5TqtiYoUKOdq=
W-2BDLD6odHqQH31LXbrxzUIWFmzO3SqPPld-2B4AiffGijV3-2FuY7UOeBUFXHix5NRvfXttEp=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Find out more</=
b></a><br><br>
                               =E2=80=A2 <b>Harvard alumni and friends dona=
ted over $600 million to the university's endowment this year</b>, the high=
est total in the school's history, according to a financial report. The inf=
lux comes as the university faces funding cuts, a legal fight with Presiden=
t Donald Trump and a new federal tax. <b><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzVlTbWl4VFb5bMpQ6-2FZKc5aT95g08S2e9DHW9h-2F6DagFQ-3D-3DvWQV_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHm=
xE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNO=
z4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvw=
mcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSWbr=
WD-2FYWDYirTWAW3qB9ewCN6f1t-2BMD65TiTcu1WEUrfjmtriwTr6FyOQBBtxAmE-2Bp4dCDtE=
w-2BrgqG5TQiLYFHK4h9uqLat6HeCyLOUBruTVfrWvZZBaWZ9Z-2FPzANFLYc4KIwmRCv-2BHT6=
sQ-2BQ8PJoQTm7tdRmykgU1MV9NHZHRfL7YqAaUQRwhZfWzg3JUzvJLmu2MXxnKnUb-2F45AlAo=
M2UUvcu2U4UpHbUO7aq1qprpnRrst06vWTOUK22CXoraGy8ZiQxQrOoMehtXuBM9f6" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Complete story</a></b><br=
><br>
                               =E2=80=A2 <b>A federal excise tax aimed at u=
niversities is already influencing how Stanford's endowment spends money.</=
b> The tax, along with federal funding cuts to research, means more money u=
sed now to fund university operations. <a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzVsUSF1qqrPpW89aePphEC8d9Y2y4Wwqhodzjmq8hpTKA-3D-3D8yaP_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRL=
k7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hn=
lwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhH=
XtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSU3pdcPSDk=
qkFY3hdyV7P-2BIRSV6kywta8bcYwfrSYsz5UJeu-2Bhd6fOP-2BpCMS-2Be6PVc15tjmqBAM4l=
xuaIH0jDYZYl-2F8lCtwfC6KxQKt0gQYHZ1xSSJmsPCSvNZCDgj-2Fjtz6EJmzgXjyizkFwm6Ph=
eG5HucWfXaf1-2B0JLAfZUQ0OcZwi2D423oAjs2c8s2E17Q0BM5uNrF1X0gWHE07EVwykJZQhIT=
5udgswaif8VsMr9QPMc3-2BCu2DbeHeu69if120s5iR0l9uIa6gW3eEWZaLX" style=3D"colo=
r: #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>
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                   </tbody>
                  </table></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                <tr>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573767" id=3D"n_573767" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> How supply chain startups turn=
 a data deluge into real-time decisions </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>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Jonathan Geurkink, Senior Analyst, Emerging Technology</i><br><br>
                               Global logistics spending now exceeds $10 tr=
illion annually, and in the US alone it's over $2 trillion.<br><br>
                               As the industry increasingly leans on AI to =
boost productivity and reduce costs, investors are backing proven startups =
building tools to handle the heaps of unstructured data swirling around the=
 supply chain.<br><br>
                               While goods tend to move from producers to c=
onsumers in supply chains, the data and information that enable that flow m=
oves in multiple directions. Customs documentation, invoices, trucking and =
shipping capacities, weather, and IoT tracking sensors generate volumes of =
data. Because it's unstructured, it moves laboriously=E2=80=94if at all=E2=
=80=94across the supply chains.<br><br>
                               Traditional firms are starting to see result=
s from using AI. In a flat revenue environment, logistics giant C.H. Robins=
on saw EBITDA surge more than 35% for the trailing 12 months as it implemen=
ted AI agents to boost broker productivity and optimize freight shipping.</=
td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsUSF1qqrPpW89aePphEC8BpLvZozv-=
2Fnh5sn8jm7cE7g-3D-3DAYMC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPb=
tpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCN=
nZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8=
Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXciE-2FPU13Y8cLQOIvyI6gAgU1J0IeYiFNSOPffP=
x5vMl9-2BCr-2B9tkk-2BtNrgcpQlO-2FeJlkJ9NYUL0ylm24c392lIg2wMSkH0Raot0Yag88AS=
bgjRvRyaW8sAFq2tGlW2JufOTdAtfJo4q8Shcf-2F1NACm-2BsWBaUTvYF0I4e-2Bpkm6iE0UV8=
elew7qupb4p-2FSu3XUKbVl1STK5OAjw-2F4hfEQeLYi-2B3XipEt0L8aUc-2BJ0NuI0-2BAMX8=
K31IvBcuBvKupvu-2BpcjKppnB8CSXsH-2FjVpEmLW" universal=3D"true"> <img align=
=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/70926.png" style=
=3D"border: none; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</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">Even t=
echnology-forward retailers like Amazon are doubling down on AI. The compan=
y has built more than 1,000 generative AI services and applications across =
its operations to drive a strategic reduction in the company's workforce ov=
er the coming years, according to CEO Andy Jassy.<br><br>
                               Amazon is also using gen AI mapping tools to=
 hasten deliveries and reduce costs in what is frequently the most expensiv=
e leg of supply chains, the final 50 feet to the customer's door.<br><br>
                               The impact on Amazon will be sizable: Its wo=
rkforce includes 1.6 million employees globally, with 1.2 million workers i=
n fulfillment and operations, and the company plans to hire 250,000 seasona=
l employees for the fourth quarter. More broadly, there are over 900,000 tr=
ucking companies just in the US, employing more than 3.5 million drivers.<b=
r><br>
                               The logistics industry will undoubtedly cont=
inue to weave in more AI tech as it navigates an increasingly complex envir=
onment. The pandemic demonstrated the fragility of global supply chains, an=
d changes to tariffs and trade have added new challenges.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
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4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5v=
DPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEu=
Ak-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9=
A7KTXSOEMWoNqSXIX7msu-2BKDDhJMlmTIY1Sc9NmCbeDHzc5aSu3OjlwGMJQv3KAv-2Fo9HEzs=
Es5osOYLvFTN8jFoR-2FnQYiFqoQgvkOrsbRLg1uQ-2FH-2FL0QbK4C9EydLEB3-2F6CLGXzo1Z=
YQ4v5GSaTXlpY17jz4DpCWFlCYFFZFaSDacYfZ0Rx5VM0X13IkG2dHIJI2r1SLWcDlSMZetmGlF=
5lGKPVe4IRk37bX35LB00TZsUcdpmBdDuLPadMlQ6vIarqnNtd3UavmFb0uarVrbD8RSuuh2agG=
njog" 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">Access more data-driven insights<img height=3D"24" src=3D"ht=
tps://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-ali=
gn: middle; margin-left: 8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
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                           </tbody>
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                        <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>
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                              </table></td>
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                          </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 research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsUSF1qqrPpW89=
aePphEC89ah9Q-2FB5Z-2FMoXrwAHirh6g-3D-3Dw8cd_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg=
73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigd=
b08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPp=
HJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXHteKwg1LJ3S-2ByZPFYI5=
QcNSI-2B3apQ1-2FTzHcS3-2FjYL9EbZv-2Bqz416LcsBU5IEcOayAcYfSjlzG8Rxg0jPae8MDj=
HHrMf961jHHaPli4fK7JIdi-2BjIcCl1EdDzKwsy1FAenLXdWRHoONo8c5Q3F3dRqwSPxx5Irn2=
fI-2Fp9EDAXTjgc9BYfL2VcOem-2F7oFuJdE7Jzd6PrTlGzSPG0dPS1MwGsT2-2BMXDORKu82Kq=
BxayCSP3az3qWSYfWWj8UWzIHTkolXmbSWLvJn0ROB5xeTuHm" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">Q2 2025 Transportation and Logistics 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>
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                   </tbody>
                  </table></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</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;">&nbsp;</td=
>
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                 <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 today.</i><br><br>
                               =E2=80=A2 <b>Luxury vehicle maker Aston Mart=
in has been losing an average of $60,000 per car for more than a decade.</b=
> That makes the brand an expensive project for the consortium that rescued=
 it from probable bankruptcy in 2020. [<a href=3D"https://url6380.news.pitc=
hbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV=
sUSF1qqrPpW89aePphEC85LaWlLkzjL3GlzwNxEVF6g-3D-3D7yf8_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX=
8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLV=
mYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPi=
r5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSW5oB4vKcycJCG=
jLkptXtFyB5exKdeJ2OyKCdIEENZcTy-2FNATexbda1IzF0xXYMak61vHUHlIFxGzI-2B8r0uU5=
L7UwU3q9Rg-2BUNu3e-2FTLUTS9BpY-2FohPNb-2Bf3BG4OnmbmLW3wLfQ9GFdOqUXKgYvC0CI0=
RGBTHiiLPZLaFPpyPERYIBELMmEYzNB3-2F8VrK1zQ5etkICf6u6eg0HAt7q8FzuxNyUG09pPAd=
-2B8e-2BDG69WH3xiVFl-2FUazQTZZ8x4Ib0IpdoEP4gMhfnkQ67qrX7CqO7" style=3D"colo=
r: #1D5080;" test=3D"">Financial Times</a>]<br><br>
                               =E2=80=A2 <b>Companies that move goods into =
and around the US are bracing for a new tariff</b>=E2=80=94this time on tru=
cks and truck parts. The 25% levy would kick in Nov. 1, and the lack of det=
ail has the industry worried. [<a href=3D"https://url6380.news.pitchbook.co=
m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsUSF1qqr=
PpW89aePphEC8coacqt8YXcIqWPgvKaVGxA-3D-3DRKFg_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Be=
g73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjig=
db08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzP=
pHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSUY6f8CLMiAvd-2BQ6oT8p=
LTLKjvdw6s9Y6U6lWI5tk3l64ztw4W0lYRJbsCw7oTPiLhLxBXb6Qcd5DwL7etiqtosXpDItL7z=
6nbUHJsMzFo4D5Oejfndx4IyuG-2BrIpz-2FKmtrj2x66UXkaoeMHyHmJ-2BHz-2BdH3IvKXazb=
Lzuu7WhAttoZVe17N1gM5CkOnTHKejMN-2BAntuKZm3LMPF3yNZ-2BCg8hUOoiCK-2FM9ucZU98=
VDCaXFin-2FZfokQoPff-2Bv7Q3HSG-2BdvWcRHx8rClTH6bvch7fq" style=3D"color: #1D=
5080;" test=3D"">The New York Times</a>]<br><br>
                               =E2=80=A2 <b>From sports betting to AI and c=
rypto, America Is hot with speculative fever.</b> And Washington is encoura=
ging it, with the Federal Reserve lowering interest rates and the Trump adm=
inistration cutting regulations. [<a href=3D"https://url6380.news.pitchbook=
.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsUSF1=
qqrPpW89aePphEC8mh6eGWuNCxpiyvOzsd1w-2Bw-3D-3DhLgN_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no=
4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYU=
EHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5i=
kTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXyNnThbAb-2BNZ4o=
QPVYGhNqDHTM-2BmFdmOyTbcWsHfq8MWRKf0mS9fzx8gYvXnNPZJLniPb04-2B09UwifzfEXKZA=
mLva6wBJwJd2uUKoGMBCPLZCMPsTRQ-2BHcxqAjtJvOlJFxqvzAm-2F-2FvcNRGTkunZw3MDQvQ=
lkZScFuRw0d3bcwEDXRSc18KnLi3z5JtoxLpA-2BV3kace4ft32ivz1ov-2F30dwfeqDuOQwA3L=
MnXhPVSxcLYtgyYo7-2FaY6cT10rNtuDS6yd98CBwAt0LxVhCA65jM-2F" style=3D"color: =
#1D5080;" test=3D"">The Wall Street Journal</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">&nbsp;</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
">
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                    <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-2BaqM7ONnvsnswouzVsUSF1qqrPpW89aePphEC8otRBzh8q8wxoGBXK3UAFnA-3D-3DQSR=
W_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFh=
UcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQk=
DsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2=
B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KT=
XSOEMWoNqSVoc-2B-2BwVnl-2FudttQeMUGHm-2BeKnKDG5dY3hjyUR20FIe6AvUmLWqG-2BBlB=
yPGbZNcubAm1OJymEe72qJJRXRicmlX4eFXpfSVwURtq1SPUfiqKeeFlyF5X8EbPeUR-2BAryvp=
4TXrpgeBB5-2BdX7ao2m8fUAvDb2qdoMTLCIiIOz6osxPXpJOHvxEwT2CBnsp4616nXn-2B9Bhi=
xUp5fcYcoO8PHWhTDtiM608H5rXCGKCoxbIfQNLrWQPuL-2Fd2SBdYu2Ya6zWj1Fnnw2J-2FYer=
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                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 24%=
; min-width: 24%;
                                                    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;">
                              684
                              </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:=
 24%;
                                                    width: 24%; text-align:=
 center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              2182
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              People
                              </div></td>
                             <td style=3D"display: inline-block; width: 24%=
;
                                                    min-width: 24%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              871
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Companies
                              </div></td>
                             <td style=3D"display: inline-block; width: 23%=
;
                                                    min-width: 23%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              18
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Funds
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding: 0 133px=
 13.3px 133px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVsUSF1qqrPpW89aePphEC8SdHg-2Fh-2FuT9PQsY-2BlAxGFng-3D=
-3Dp_ZQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX=
5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGL=
EuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfe=
F9A7KTXSOEMWoNqSU69hpeW6FnTNPeYI999FnXcIPTX8szQgtIuOaFDU7dX6mUpbDYZ6GuYviE5=
LFUVLPMmHIX2Rz2PZCgUjrGpzorV23GRJzDCktyR7XcLPvtvrCg07iSHlRCdG6aNXqsTix1pd-2=
FgPBl-2BnhlyXmX81KTLxBWlGkki99j0bdaq310YCzuVtAql9td1VMgCdORGX5TzyjIq8HskXbL=
LQvE8XG2uZtcVDxq1URxz-2BpstIaTL61A-2BW-2BwEswcXmW7Mhoky0999ox9kcmB65XBbUVtG=
PXdn" 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;"> Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</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_573730" id=3D"n_573730" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
                            <tr>
                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2020 Vint=
age Global PE 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: 65.55153707052442%; mi=
n-width: 65.55153707052442%; max-width: 65.55153707052442%; background-colo=
r: #1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">14.50%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">22.12%</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;">
                              0.17x
                              </div>
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; color: #000000; font-size: 16px; font-weight: 24px; padding: 0 0 3=
0px 0; float: none;">
                              Median DPI
                              </div></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co=
lor: #000000; min-width: 100%;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 0 10px 0 =
5px; line-height: 24px; font-size: 14px; font-weight: 700;
 font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe=
rs</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzVsUSF1qqrPpW89aePphEC8fvu14A8PM2UQUyid-2FuAElA-3D-3DiS31_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE=
2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4=
U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmc=
QDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVXqF-=
2BXLEx6NUCfNCgvmPpwiwLyN1kwuinqeOrfTwBZs3oYXBAXv7DHR3hBIZ7O0fo0OnxP-2BZFZaD=
mdaJLu2wU9-2B5CjAt8P0zBbqab4cMUIfpFFaYppucbLhuy8hQ8Y3SWKqWXhgt44tqjSL8ZrrkM=
4l-2Fg1oqLq47LpVMIIqBQGbtVxyez-2FuiS9dUCEwAcTRk0jtbyyf1sX4cJqmOAFNfbzsDXXwC=
oUO2gC58LM3GWUhQumjuvRo-2F7HBTXpHOfS1is40TSRKtNvJtFl80dDbyNO" style=3D"font=
-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">SSC Par=
tners 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=
swouzVsUSF1qqrPpW89aePphEC85vLuN-2Fho8feZ4mCF0z-2BSiA-3D-3Dia1s_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHm=
xE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNO=
z4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvw=
mcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSX-2=
F2nAf7ywvM1MvoQmvmimUgoQky9cBAz2dAO4mYvOLRHySz2JhmwERyWpJD28LX7n9A0-2BBqhMq=
5R-2B4iJZEAphjzB9EdHiCaykSZjRGp8E8aSuI5WILb9WxLczCUoQNCLSrEbt5UX3r086YB3p3g=
jOEs-2BkbkoLzsRATZccODTRRuX-2FtkpW-2FCLI9mpAo-2FSz-2BNpnoG7Uaanil6PJaenUZEG=
4jbDBR-2BghdK4iTUpDqInY8Pcqeip6ko-2FeqJvlxRBMjqC0tNs-2Fz6sLFODJDaNCUMYRD" s=
tyle=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"t=
rue">Graycliff Private Equity Partners IV </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzVaZ1KtRhRHQ8Be2ZwS6bVu4sigcmu4437gvZLchT3OSA-3D-3Di_JL_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2j=
RLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3=
hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQD=
hHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSUQAOUpM=
Amo6l5OgNx2UVRngtDkRDzg6f5tmFwZWKy62JDUYP9Weq4xAA8sFMqJCIiUYq-2BG2Z3kZppEbv=
FTBwYvdhqZPMI4A2VKC9ECmCnmAk8ig2TQiT2gPLL2QvV99uJ62HF-2FHSzkgwUaFzTm7eqqWpm=
Gg6q8Qkrz3MLVx-2F-2FYdzP-2FKCuBvZuMyvX-2FLt-2B1Bp40edal0UBhfFyWbYClJ6PzLOpn=
L2uCJpXDeOp2bJ-2Bw1RwEePHiPwzXFKJGnhpeKeplXSYaYdUjaK2R1rTdErAq" style=3D"fo=
nt-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Syste=
matic Growth III </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-2BaqM7ONnvsnswouzVaZ1KtRhRHQ8Be2ZwS6bVussBcHk=
PTwxl7LA7rSD0XKQ-3D-3D14rv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cP=
btpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaC=
NnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r=
8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXnnWwT7-2FM-2FSaOUwuZSJy7pCJiuUSYSPcGBTG=
JfI4BAOF35Uj7zWvYQaLlC8M-2FY-2B5EAzw-2BxxZHHJXqArDAPwungOpapI3YklDPV4se1cty=
vcj3FsHUNgKJ0EGJodoyN71R6ktnoDsnCBMBCzbHB-2BWriNLEUr-2FkwJK5-2BJWdeS4duSQT3=
zm97UgDBTF2EpZOE-2FZMGG-2BtvGOPKI3XSd8TcCB0bPJPN4w3wyZkrfqJfCXgaKyYKBCbcdJU=
-2BIZgoSV5Nz23KUrOG8mLpI7Y4K87bfasD" style=3D"font-family: Roboto, Arial, s=
ans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-height: =
24px;" universal=3D"true">164 Funds in Benchmark&nbsp;=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-2BaqM7ONnvsnswouzVaZ1KtR=
hRHQ8Be2ZwS6bVufBXhG6oWJm09AX0fq64Jjw-3D-3DFQoa_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2=
Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHj=
igdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTU=
zPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSWEUFe5N9WK2xTWcAUno=
Z9vWIqleHVz1XGziMckOM7R3GThP0ImSymEsqNzxMKIQvq-2F5sdLtALwbsCZoUoDZFTwwri2-2=
BQyNsi4A51wlDC2T3Dndfmx8w9zusSg5FIzsL9ZYE-2F52JxIKRxkbVq5cNHlUkr03k-2B47ehV=
GwZnLmvhPpZfKYrc-2Fr4Bu2Tklq2lSRTkDrYEPKoxkYM-2Ffocy7Tm6urrUMMYHBgcuSerarpb=
XAyIQgQoq8ApFsJvLgoayoKuJaTZ2MtcE8jUyq4C1TaS5n" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">PitchBook Benchmarks</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">&nbsp;</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;">&nbsp;</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 cod=
ing specialist <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVaZ1KtRhRHQ8Be2ZwS=
6bVu4PJ0bK-2FO54USVMQGStEIXg-3D-3DxPZB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR=
FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LX=
oErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q=
0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9=
SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXY50-2FLUkUaq8aYq7sRKDBglqZy=
fUbaMRr6I6AwExskOuN6MOMb8lGUZa0TJeUXuGpMZ2c0CT29ouHPLqfEKSn8WBWpwPlOtCUtPA-=
2BTUFcspW80WYqmtUnJI-2FEmHIsA-2Fx5Rrppe2FIDOi5VINDA-2BOudiKUwTl33b0tXHJuD4o=
lDKpdkZ9FzcnmaRUoxMgh716fnl-2BR0ZfJG82UAgSjD022cy8QSusbWavJXtBprNcx-2Byxq4x=
aL14X4IugLRmHMB1zZr7GR5kGDpxMcftntw-2FHZW" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Poolside</a></b> is in talks to raise $2 billion i=
n a round led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVaZ1KtRhRHQ8Be2ZwS6=
bVuv-2Big3QsOhSkkh4aUvpKaSw-3D-3DAlZL_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF=
Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXo=
ErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0=
lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9S=
whMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSU-2FQssI0ttBzS6QWAZqHOlA1AuD7=
Nw7V3MAIUZSKFF-2B5RxNve3mA9Fwg58lMsvLsugZJYFIg8yW39p1pjE6CM97VP6G9Xk2CiSeIb=
KJtwwD0cNjMT-2FguP-2BPxwgczCi9KEvfDFkdd6M601k1dsENt5wmsql0GmIOjxHQiD0YubUMn=
TS6c1Li701M-2F0neVHHJTgyqUt68N4dTEaGOz2S-2FU2mbXOsoo94xssci-2FKlbqvK-2FLZyw=
ikbDDXA5-2BD-2FSkYneJZMc33lrJxBSCo3oFxwWYazC" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Magnetar</a> at a $10 billion valuation, The Info=
rmation reported.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVaZ1KtRh=
RHQ8Be2ZwS6bVuBqPos-2FL1ozcNGRN9b4oOaw-3D-3DYpJP_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-=
2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEH=
jigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikT=
UzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVrrir3qolZPl1xLVw7=
-2FSchK7Tre6kI-2FSZBFacFeCccAxP98M61PtUETdfuDoeH3XoxGchO4DN5duKrz54oRIcFpBh=
o08xrxDoP-2BrsQa6pn-2BLF-2FzsZFXfPwTCoqixHK0PljEh6nGRgMK-2FB3iDLiLqYuykVZ7V=
GuMDXNHNE9VCbVcRQpt8TvHVjs3hSeWpj0CNfxaU-2BAqwYLdVHBI2Wt7Yv5cL-2BU2amwcDHDa=
WcZfhQdz6cum9km8xO-2Bc8WWJzWnDk9tz9UEwclPnQualHz9-2BLNs" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">Zepto</a></b>, an Indian commerce spec=
ialist, raised a $450 million round led by <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzVaZ1KtRhRHQ8Be2ZwS6bVuyZKSK3rZtiLgFO-2BtrbRAmg-3D-3D2GbT_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHm=
xE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNO=
z4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvw=
mcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSU1z=
o9BairpiEP5uS6hCpwtkgnuafzPizC58GiYvPAOszsZKnbP4qRwdbb0YjUWbvIe-2FqCCGMvVit=
mbtb6WEE9iq-2FMOo-2BdxbTs25LbHtSEidnBCRWV90nToDYw52rshnjS2fBd5iiYwxFaxC9dPe=
lgfMMXl-2BEcsmVKF3eIA-2B7nzfTY-2B6QdUAGWyXhz4nbGAq-2Bkit1rGXeQRruQHhK9rBCQj=
4Fz33lV8JifcY-2BTLu5XopL0EfGVBQKfVfo2VGZAbDyWWAx9TGc7r0fqS1Dq-2BChrR" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Calpers</a> at a $7 billi=
on valuation.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVaZ1KtRhRHQ8=
Be2ZwS6bVuOQZhJ7Fc7rYCNr3CodpzwA-3D-3D8Tyc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73=
j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb0=
8h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJ=
kuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSV76lPQ0pvWFxycWz1tLdcbzN=
-2FO7GnSJkctK-2BN9BLTZ7ANEE4AwQOLgc8jsdfPwQC35DU7suwAxjEPJKZXdVhml-2BB6Adnk=
QXPm4jQUBx4kVuac07VprO1xGDEIz-2B5PCVY-2BTe-2Bm-2BMx393lQEzaHjOmnkdb4yZl-2B5=
wipmLRPr7e3RI7Kg4nhSRII68jJZBILHiwV-2F6BF0y5b0J-2FEU2ns2SDxz2nySnukP35f4lIT=
QTLeVsE1kVQkhwO7RMV9keWz-2Fok2GpXmqCJCCEjIPZdyu2sy-2F" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Vantaca</a></b>, a software provider for=
 community associations, secured $300 million in a round led by <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzVaZ1KtRhRHQ8Be2ZwS6bVu7DjH29GV2uJXNQcbpF70Ug-3D=
-3DSFVY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX=
5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGL=
EuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfe=
F9A7KTXSOEMWoNqSW-2FiQ6hAxAjz711OFdedROmlYiLwCvg7m9C6KZT2t1FaKxke7YuFRBIIiX=
zwkO-2BGeN0zNX5-2BDgKOrVthPudeY06jdg1cYfB9Q9R8fO6T-2FhpFk7sQXsBfF-2FB-2FhNp=
8bR-2BJpqle8X1U9UomxWzTyUadHw2lv0nHSwNPfrSyMrZ-2FnYZii1Mg-2F1JHOhDsUfZNY42n=
-2FshB-2FYsz5omJC1MPcyy2r4PcaCGwUf-2Br5JIdu7QBaD0EnnhP-2BS0rvVaIIVVdY4Qxz-2=
Fqa-2F-2Fl59GHW1bCjK7ayUer" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Cove Hill Partners</a> at a $1.3 billion valuation.<br><br><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVaZ1KtRhRHQ8Be2ZwS6bVut387UglNwb72I5Rf8=
0QNbw-3D-3DaRct_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVh=
hEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIF=
e2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbli=
KbtoQlfeF9A7KTXSOEMWoNqSUdsqnq3pHHZzLVClxBEbScHNYDapwQwWcGHL8W8PtJc2CRtfumR=
xWD6NivrIUHduDk5zd776IQaX4Vz0wBpEoA1Zu1RkwuzsTIvf5bkL2RIXfJwyB-2BUdpiz72OJL=
FJ4AXFgRcPj-2BAFStPwSeTIm40jDCIe7XQZnDY11i9Cq20smSiWA2gCx36AU1D3mXZWbRjCGwN=
wF8CFnONEJ9wV1Sk-2FPK-2F8e6Ztid19lKCScm-2BBYUJ7ejgx82-2FfTV7OiQ7yh571LUmvkx=
XgmAh-2FQiObELKY" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Hi=
stosonics</a></b>, a biotech specialist focused on tumor treatment, raised =
$250 million at a $3 billion valuation from investors including <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzUfTufHWrZ0CD6wwS55j6iTsaNxRo-2F5eO2Bbdn2un-2BQo=
A-3D-3DNX-a_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0=
wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW=
5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbto=
QlfeF9A7KTXSOEMWoNqSU8RTCivePA6-2B8ycnaHpaQItHdKuuHP4FVNR65oO9XumwU5QTP5-2B=
m7IjoA-2Bp0UIkUDGLhRx658vHYvPpGKdVRNPm545JIX8f977FXD0fcxTAmKnnOMUPXqxeHLkG-=
2BLtlLGb1tCJhxqdqShWS0QhBtLer5pwHNXdiXB4E9V1OuFrWKWHUtRefw5uv5cSpvVQFa1s2zY=
-2BsHUCalb9ckSbd-2FnMqtYOALIXmiWGtDar1iE7ANVUH4rvEfsuPeJonCA4tm815sZDXRoxs6=
upDDMuSzhc" style=3D"color: #1D5080;" test=3D"" universal=3D"true">K5 Globa=
l</a>, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfTufHWrZ0CD6wwS55j6iTz7QPb1G=
xuFmKBqnfhVLhTw-3D-3DJjaR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPb=
tpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCN=
nZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8=
Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSW0iDKED-2FBYDJdobuXuw9zH2lCfe09xPUl78j-2F=
IBne7HEszaz63E8fIqG8yFIkBKF1SN-2B6y9P7u-2FYFv9j96vr0rwB9rBDvu9opD9T-2FCLKUF=
BGAXnT0oBU8Daa0YwzT33INHkGhiVvG4WPxxrBCymW656Urcf8hOdDofTBjJEsNW-2BP7bgr453=
D4ydgY1s922VSUrevKkt1at-2FFFPxWJADLEp0gBg6glDbeetk5yCABqjELHzjhYveIulBomiVq=
mPuO1CdBKRb98WLl6t5xrBy-2FUC" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Wellington Management</a> and <a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzUfTufHWrZ0CD6wwS55j6iTkGatZuwITAdnP2c3rCMc9A-3D-3DSDtY_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jR=
Lk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3h=
nlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDh=
HXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSX-2BS5eh=
5Fvj7fLX0b0RQlBkgguMT7bguzAu7fusl9MX-2F5GhfQAXG9F7OX0U5ORrbxxq6gQsaA7Ql9kGt=
xavElza43fxloVKEWKJo-2FLe7QFA3DTjaCyqTJK5UQS6m3-2BxlDSqcQOipvJsZkf1RxQNATm2=
59Ud3XYDELVXMhNErIgBQC1pr44pAXXc3yNuIhF1gCVkGxmEtIeUSsuAQm3UtOYm-2BTJlmZImj=
3o2rnCZLjmK2vBeQgIGrUnLlCjrl7aw3Ejt01MLQACPa7kGUcrMMko-2B" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Bezos Expeditions</a>.<br><br>
                               Frontier AI research lab <b>General Intuitio=
n</b>, a spinout from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfTufHWrZ0CD6w=
wS55j6iT7SrcszbTphmYlrZg3bxebA-3D-3DwV_E_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6=
LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h=
2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJku=
R9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXbJlqSCpUecxdVkh-2F5fF9Gnu=
nQgmUEVxgR89SoP91gqUuKsX22SZ5ly0MtnAXRibgV45dKUeKvTstIiNXATUtniywdqn2RIX2MF=
7qlhou363JF3FFOOo12jcBOPrr-2FYwbydfjYuWNN-2F-2FRSwfabMlhZoM1c0T8BoTi2bb-2F3=
-2F0BvgIhh3ZQkdmDwlEyoartL-2BrpsJqhoMuIYYayaxDTmso9-2BU0jfjuJaBF6rRphn6NBCz=
zTTzvB5jVNTeqbxdVkA9osWTHE3ClQQJYML-2F5fdq0a9" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Medal</a>, raised a $134 million seed round co-l=
ed by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfTufHWrZ0CD6wwS55j6iTXars7C-2=
B2Mb-2BPlKY47xF3NA-3D-3DRm8i_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0=
cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDm=
aCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS=
4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSWThV0xLnEncsXTeyGP1V7iGNdcVAN5MnQAASN-=
2Bq9NwZmw8kNZ9UAmrZPp0iPzmnAc47iQGpiSnKqS8NS9MA-2FFuKE9LIwlhtd-2BqwyznZ3z6e=
sIGZ0uc3RSA3nNBqvkisUNR0YgyWQ9YKNHFVwB7MYJ-2F89CLESvq3clho5BWN6l6vemspMnlj5=
ti8Qp1rEp0R71Y-2BL1stzY9kjJqsrd88K8EJ-2FvvYILMH8Oneh08mJZ5niqPJjM8MIuvTXw7N=
pckWic51tsFUqM2CdXDZf20jphh" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Khosla Ventures</a> and <a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf=
TufHWrZ0CD6wwS55j6iTds9agUnjrMVHm1oKbCqDmw-3D-3Drm1H_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8=
no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVm=
YUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir=
5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXJs0M2EuJPXSOt=
yiXDZ1X49V8loNXN62b34jRMl-2BgYJCEgKZ9BJTU9kpmKVyWnNw4b2jmFKQZu52HJEu2hls11Q=
sOVDtSl36O4MaSnehSGDqYCrDMHTecop1BqBen0JcTlVm3CSNkN8mfxEYOh5NxG7tl6YhZLeBPt=
hFyOGNxK8331eqsz6OjH2Hp2gHSlAO6-2BHDi5Ty5HCURQJaf-2BonJx0-2BEbOtYpnc8JK0j-2=
Bi7AKFJULfHnPDIxvjk42bgGjw-2F4s6ihgjrG73msaKbX-2BZYzA" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">General Catalyst</a>.<br><br><b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfTufHWrZ0CD6wwS55j6iTNXXfbAnRix-2Fupj4WbnZ=
XjQ-3D-3DmTEh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhE=
l0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2=
OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKb=
toQlfeF9A7KTXSOEMWoNqSV9bVhPTcXMd5PhkIQcit0UbWZIeP3Ad8c1-2FLQTGr3MqHcBZH-2F=
FPJjsJODG0Fr6hltN6Q4zb4V19TEpf941drDtmtLUag2Y724LcxeZ9hpOUOyJYV3Af4uUQqXBii=
eGeQmgCWdFN0rqrSKXjE2a5PgcIeHc92NWbEYPCukJQM11XR0tuBwEGoLkJzTkNiB1va2KTB8Yx=
z0EwOjjiOoTibERZl8jkwZnzvzy-2BpKAcu2aLVmWRiXwxPMYQeVXXG4cSqSA-2FJq3eXpT3D6L=
XD4TYPfV" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Campfire</=
a></b>, a startup developing an enterprise resource planning tool for finan=
ce, secured a $65 million Series B co-led by <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzUfTufHWrZ0CD6wwS55j6iTgVvmhOpa2da2wcb66x-2FxCw-3D-3Dx-cL_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycW=
HmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37J=
NOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQ=
vwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSU=
oQp-2FPxwp02L-2FMku6UDQrhYtbgqYpc8ak-2BgXPwgeeajahPLONYmjYQbLpYO1UC5lcgzKuy=
ErzaR7l33cdfjF7n1zu-2BwhfFoHWUPoZv2SVnsgWkIiOENS1WAmS270yOfiJzDGy3HZSKmJqXT=
E8rp5Nu6q55dDP5OGF9giflM7ajjOV8GsDAK3vNlWJUfLb5IzYF9Pu3nU8pZmrMgc7kAeSkQ0EH=
6T6Xz3BHdDXPrZZ1KgIsEgCq11Z1XyY7BJ9oNIMl06aAlglUHNZ5WSBwMuch" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Accel</a> and <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUfTufHWrZ0CD6wwS55j6iTjXFS9e4QITv8W8W5e3F58w-3D-3DVHPB_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUc=
dxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDs=
yJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-=
2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXS=
OEMWoNqSWxaI0vjSMR-2BAHuNL5HcjNtfXQ0g5YlqkXdC0SBwGMh8OvbISesr1c9JVnjN82uatq=
NMXXvEqUru2-2Bp3M67EgmQeY5dQGrNmv8JAr3zXDVd6lfqGMOVMMlcGVLvn1uCJeL8PlDa1O01=
liv-2BSaoLucXBMRLtqS-2FWqY1sGCxANxbUBDRFdHYIuhiVWQkYa8khr5erO7BaHMdDXhNhgz0=
BYkIQso9tWCQxIfSFOeREnnI1d7eFwyILt8iHHKDKAeHsu6B5xDBxTRZ3tXCQkN-2BYQ-2Bqd" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ribbit</a>.<br><br><=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfTufHWrZ0CD6wwS55j6iTJkLv1JK3r6rq=
LW1fYf9wOg-3D-3DNpIi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiE=
oLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnD=
MGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5=
GSbliKbtoQlfeF9A7KTXSOEMWoNqSXo-2FE9SiVl49P3H9Uxf57N-2BGx1VQijv2mq9CCDlkAWv=
ai2-2BbCIMLvJ2c8AvgkvUydWuYA3xfyT88kb6NluPO-2F1ZcQ5ZqjLoKLyIA6LbvmQFYMsYepk=
D280z7-2B-2F6UO9IVrEOKzPBio-2B9cb9YmOvxsu78G2froWn4JU0L91jaJE6i-2FRtE3JKQ0y=
lZDNHuas5Tr64gqXEpp4SAvS-2FH2cB4kj5JfOmjQfESnmYnU8fzK7bptdmIgwOJc9BKCyO0bn8=
-2FzkPuz-2FnOzKbV-2F33sHP9Sa9Qj" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">HyImpulse</a></b>, a German provider of hybrid propulsion syst=
ems for satellite transport, raised =E2=82=AC45 million in a round led by <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1SwLMRsXBAZ79qy=
VshDp0jlA-3D-3DPjmm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEo=
LkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDM=
GBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5G=
SbliKbtoQlfeF9A7KTXSOEMWoNqSU-2FuFr0wv4hQXJbTv-2B4jqnYQgcj-2F86QfgRnMZlIycn=
MYfD-2B6Et12j-2FOYls64oE15MEu-2F1U9sEpbaR2BL-2F4yBDBFbftrnz-2BmBeIrBtwsGnB7=
IxUHqpuU8H-2F8fKA-2BMUBDamU6tqchQRGm8H6cwRXRCQVrQrzY7zOrhwtMc4aRqzcNfzbmWUJ=
QfeW4yxT2WMYyUvyArAexkfnAbXGsbB9hRnzvWPImZ34JYtjDRhuN-2BpdhM8OZC8JYphpAO76h=
yNYAvee1uG-2FJdr3fyr7mF6jUAcM6" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Campus Founders Ventures</a>.<br><br>
                               Enterprise AI startup <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1SkFTOByEWsCjS5bXH-2FTS6IQ-3D-3Di=
mpm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4I=
FhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDP=
QkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk=
-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7=
KTXSOEMWoNqSXqZTowCeZcXJMyqsJeU2zRTB-2BMcvmjbon2s0beW3kClVZLpX3Eb49jSVQ9fcl=
aJRuoSVUASb5IWZrPZcEZLSD7AQQuenQu1NN5LCNzlu6IXxGgQVb963owmZuhpvIx50ZkwdY7-2=
BUP9I0n1KgZ4lgj4-2F0KMGk6nsUsiFuU6DXganEc4P-2FrLhjsB1OfreuVa8KxgdnevuQiYraZ=
6jxAOFbH00Hvn2-2Bw7LqblJ7EGPRZIPI3mDFCBcqZMeVq4sHK30YtCrgKVFIVM4OQZEoZreIEC=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Viven</a></b> rais=
ed a $35 million seed round from investors including <a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzUfTufHWrZ0CD6wwS55j6iTXars7C-2B2Mb-2BPlKY47xF3NA-3D-3DZg93=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhU=
cdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkD=
syJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B=
-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTX=
SOEMWoNqSWXkIIbWdMj4CNYtIbjGOxxDCP6Rx4eamREBmAhRXWUStcTSqcg77i-2FYNuX5jLDg0=
BjfntRfJ4hrvoyb88LNPaOhQKhvFJlSHyUNr9mRH9KBaPZCKG-2FbrmVbDCp62KX0Mh14kS9hlI=
jg3TlwpcItwn1rjobuTmzPK32ZQupIPNRIC04Ny-2BuVkkUsnR9wBPQlUFKR0IsQtfpRSq8xkK6=
ZyPpt4-2Fbjeo0ftMC8imQE1eqqbgsU9Ltj-2FwsudFRJrY-2BkA5PcW5SdCajNjNP1gwNU1sV"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">Khosla Ventures</a>=
, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1SkMZkBSVgtW=
-2F-2F5T2sXYGHLA-3D-3D-1a-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cP=
btpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaC=
NnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r=
8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSX21iPcwxCVvMY4-2Bb6H-2B9I845R637D63HGdfd=
ySBf4XYPEqqDtZwAPvQSOTWoR7HOSFiqDmSpxFnE85vCbHrS-2BXIRFgdatVFvfuUxLp8m0j-2B=
hpyX2V4Sr-2BzKbRFJQ5FYTqPeosUG8m9bjivzqXsfIUKzWCdpn-2FHynex3p3Cunzpdv5XvUlG=
Zg-2FcWG2BVAHE-2FuHEX8ZbacE-2BwTpj-2FjKOQ1kgnPvqyycYI5bA-2BsTV95K4l5Foe-2Fu=
3Y4w7LWYEnDy2YqnKGGKAxjIkY3-2FwEyO0txXv" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Foundation Capital</a> and <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1SSzTmZpbOlzV72Mzt7tJv-2BA-3D-3D7jbF_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQ=
qoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg=
6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtI=
fXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMW=
oNqSUJltHDWzzOhW-2BusKmuOm0g6n6-2FrublV0cAunyQBAlaMqYgWkyK76RnaCYqANgffw46n=
VqVUz-2BEO-2BN0sJPLYr6LXP9ThK7rSyHf6CczeZV1K7XFNZmpcZdlnqjozNy-2B4AMgd6sU8X=
ujVBUkiCE0UiaNKU9cL4Mn6L5RT9w0XCy7oIJ8trXj-2BhQRsIxLhdkYa5r-2B8WulVpel1bNtt=
vjM10lf1yWApDY4lIS-2FkubjLlu2ugPtsu41SK-2FTIcLq9pR9KmNkR3Do9hRBKqDR3kKfRnOt=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">FPV Ventures</a>.<=
br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1SAT=
pi3iGKgzNk-2FSoAUjlW5w-3D-3D6sfb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy=
-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVa=
sOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcu=
pZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXz=
YpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSWkv4ZOWGs-2F2tkYPAaYZnjdK28KA8YRcj=
IatSvfcsOtiznc1BBdSzKG9jQ204qDshn01oCuzFGg5iR2hc6CPKX2SVfpfrJJsJKIwKORdANmk=
pTMOgHFPJS6KL0c4w3F2dR-2B39CU-2F-2BXzjcLPWrXWyF1umisB6bICJ2wNlFWzaBU6Lg9b2P=
jC20mehtnqfWR6b3ggwwQLInFdDw-2Fpy0bQHIoX28s3hQ6E-2FgLHonPamog9qrHFtFBdl81OO=
gSSdVxHaxAuU-2BQRkIf1NxRR9lDtut0J" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Encube</a></b>, a Stockholm-based developer of AI-powered to=
ols for hardware development, secured $23 million from investors including =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1SsWacMcT98l42=
LAvw49OW-2Bw-3D-3DWqqw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpT=
iEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZT=
nDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7=
V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVLoF0YdoUmN8wMmLtT7pYJicQx2LsM6Ua6CyP59nLask=
41vyOBK5eJSGRc7MCaiFyBoedemp8GuvjsHm9D775Q2-2BB2Cp0xxwHQmS85HSk9c4vnq3xyEs3=
gsqVU5EWzGYQscpGrxxnBGLPXv7zWZ9u2Q0QtiMAi5qZukQ7Axh-2B0gmGcOT9wqXNtQUVn21WE=
Eb3n5oIaDzucL-2FtOdEzhN9mWCPcVFwVj5CBNAvoEAS7OX96HHrzyTsQgyAtEOHdqn3gh7niua=
zlgefyjSWsPAr7w" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Kin=
nevik</a>, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1=
SqyJ6wBqXyartiSfOh648Ow-3D-3Dlhjo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOV=
asOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQc=
upZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMX=
zYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSWRHk92PCYroM9h8PPAiyavH-2FZfW6UqO=
5Sh30l3a-2BHg-2BOCFYf6QLgA-2BvsMJV-2BZZ7o2A8wMxL4DDXJfHVHpgJJPlLOeFz5GaLvIR=
pjd-2FiCGPQtdyVqCi-2FmLLCe-2BMP-2BSi8hQd72qwhvweaE-2FcyoOteN8l2KMWzuV0RlgCT=
o-2B74AxNSRxvuHYizpu-2F6zmVCDmUPM7jFE0zBZDGtFYelPx8QVV0uO4-2F-2FMID0LQiBsWt=
eY3i3PUbEWOhwK7eDOV89v69bI-2FUSl2XSV5IUaRdvZs5tvlH" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Inventure</a> and <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1SrkeONhggbPKGrhYhQskEVA-3D-3DleW9_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQ=
qoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg=
6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtI=
fXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMW=
oNqSVxUYlH9334tzaPjxBOmNTg-2FY-2F4DhvomcUTB92hTzaAf4FZlIOxjQys3sDvswoNDCMsG=
GBrhRmorvniJZW6hluztNV6giTPHYrdUbkxhnmm3ctpcn37OExhc-2F5WsNcVMUbS-2B35jSLxJ=
DOq3PguEBGUwr0LXeXduqMszAok6JgmeveXpGgF8v5QVRBcEp3-2Bo-2BVY59Kr5gxKF7hWSZv0=
9DtzGNMX0i-2Bc06B6PgH2IrmVKkRLUMmTl0m81gkj1xX9L6DoBrKE-2FxbUELrYAqzZN66fj" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Promus Ventures</a>.=
<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1=
SeJskt1KLRZChWoy4I0qELw-3D-3DSqE7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOV=
asOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQc=
upZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMX=
zYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXtdKxMRBVkiUiwrFlvMTWedYKO-2FK-2B=
GqyoASkF7-2Fi-2F-2FH9QzkJnSTh8SkkS799nQPBPf0S8ZIlB5tUAdAxn2AMjMCEa8UZISEOz0=
EySSFSfGVw-2FRT-2Farm6YlHULlE-2FyPbTCO-2FcHtwNVhRQRc-2FFtU4FANSnREaNxEWshQI=
-2BN7W8lIhFlTRQIakE9Y1WjF8ACBrie5KDhcCi2Av3HGGTh23-2Bbneoo4hrXFWpr3e6veI4qy=
ps2EygQ7-2BcjKDChR3xgkFUFELgnB8YYH7-2FWvFv9cGWP6" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Upciti</a></b>, a Paris-based builder of a da=
ta collection and processing system for cities, raised a $20 million Series=
 A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBdLsH9cnBS7ECoBcso-2B1SRO=
fkAI9PWR8H-2FNd-2FQo0P1Q-3D-3Dc2xo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfm=
zy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErO=
VasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQ=
cupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhM=
XzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXpP5j1zAlrSXcqIJZIwMNCm3AK21haxu=
bRG4k5cc88xr7Y8aMpYMi48nibzjAlM-2F1-2BRoJTqPce22kiFCM45ZA-2B7bc3RqxCI1HhjUY=
3WAx95ltSO-2B3GLtDZblfXEbqR0cAd1-2FkSUsJYlWj8VfLo1MpXpCMUg35Xa9hWRn-2FE9lUD=
86mretLlYHkh1qFBkxpwxVGpeKmRXJA43FITCOYVzX-2B2Uvo7KgryeHq6iTQ3P84EezWRoHkaW=
YRjvAEkT16vuz6UG5FyitLr-2FJZfwkatWMzZ" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Notion Capital</a>.<br><br>
                               London-based <b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzXzwhfp81voIP1CJOxfBjU8QJGVeMak0SpsazLGiCiHxw-3D-3DnK2W_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycW=
HmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37J=
NOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQ=
vwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSW=
Vd-2FHwzR7nptEEihqPtwZ1qS3L2wf8a73c1-2BVPNkM3GebMOGQn5D6TAwEI77xMEwLOlyBpEn=
Qz9AmVVm8Uhvyqho3AR14R4Uv0b590xu3ueJK68NXCFVOQPpGx-2Fp8EgObiZDL-2FrzizZThmq=
nI8oPwECTx2sWqkoTCfec2vPI5WpcH2E-2BUU-2Fj-2BNEgF7z8lgLT7l3YgmgYZodWqpqv9yEh=
iDoANYmAPQKcwKSuILuPVrg0krumPHUedA0bziWrwJWCpI-2FGqKIIUqwPP8R3gx4fL9" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Jack &amp; Jill</a></b>, =
a developer of AI for recruitment, raised a $20 million seed investment led=
 by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXzwhfp81voIP1CJOxfBjU8qySy2-2FxQ=
cyqeHDWogN5mBw-3D-3D_thN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbt=
pTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNn=
ZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8T=
b7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXHUSBTdemge9-2Bj3-2FH04j-2FRJj28G4OubzB9EF=
1F153upC7FZsiFP6aP-2BfWflxzLVAlJeMcqcdG1ZRhPK-2ByKr3STOhMr3Kpk9pvUkwmMBVh-2=
FFGV9QGo6FpE8q5Fqjjn8pkEa6OuIyNCVecyHDvOU1c-2FcmfqesL02ooY889o-2FW2TEf0H0Ui=
SBcArhCfUpeb3a-2BJ1AtDW0uygF0zqiRHYcRPo1RP4JjrxvGEqvva4Q48zg-2BK8O0B15PP8E7=
vSZ7-2F2ugG1nBWQfo-2BSqapWJhM-2BHlmE4" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Creandum</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">&nbsp;</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;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXzwhfp81voIP1CJOxfBjU8x5X6Ii4bAwo7wzMMzjnZ=
fw-3D-3D_Tu8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl=
0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2O=
W5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbt=
oQlfeF9A7KTXSOEMWoNqSVbaEHK953Eg5IjnxS84BSBy2j38n8U7RB0xBWfKfw8Nbopzont79nT=
ZJtJMrkDBlnuRXX5k3XOPrqkF0vQWlb70MOT2OefcTBTVri0nqt3TXlWszDdwnAF4L9ZGislzfF=
gy3FgcAYTIBktMIPrGCSE9ctIXcuKA0CB-2FNW7OFYGI8Kfu-2FdXTeveP1C6MYE-2FADf7afY9=
sfKL6J7bUwh8riQBltNkxzkpLurUpL8vyXpAxMK3B8MkdBcYADibRJqmg20othi6Gu958azgHh-=
2FuLVAJ" style=3D"color: #1D5080;" test=3D"" universal=3D"true">The Carlyle=
 Group</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXzwhfp81voIP1CJOxfBjU=
8cr-2BWvHTx8X15evlyN9Sa3w-3D-3DUFWZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoEr=
OVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lx=
QcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9Swh=
MXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSUD2lH4pn-2BP6jOJhfSGhvAJd3Y-2Fc=
1NDIgUNzLgVA2e3MZHdX6ZcsiIiRC9gHh05WAKVM703titv3kRSEx4p0SgXeQUkfiTB3kFY6VuE=
Slp-2FVDDa-2BEGooKsNAfHZlFpxuDSkGkSfzyP2z5gcI2U-2FJmOIg9rMyIinwTbjXfOWNHqNp=
NgDDKV1DsIUXAr7aOQEOV-2FsP4l1KuQLQZWS-2FjEpvDWT-2BoHALXnimayqy2eokEmiB6qEQq=
lab9G2CwNL2o-2FJej2r9rePw43y5VyA-2FQX5-2FDp2" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Boyu Capital</a> are bidding to acquire a majorit=
y stake in Starbucks China, the Financial Times reported.<br><br>
                               Crypto specialist <a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzXzwhfp81voIP1CJOxfBjU8X3rRmUiwoYD30c6oLewHYQ-3D-3DSt90_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoy=
cWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W3=
7JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXS=
WQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNq=
SUKzxVXIJ86zkIinzOx90IwOl7G3gkyDT7t3A42QZjHbrkwR4zqttND1W6qvemdgafgBZmstUJH=
nFOshWEF6EGCueq4LUD48o6GkYT597crJYft5RmF7Pa-2BZQ-2BClMYRPFfU0HCbaQIfwIHsha4=
Ks-2BbjYhjnkk6Z1bQLjzMgXVC7iSh0gRnqbeP2AxN48QmPdPVs0RLDnu00UC7UNizsVieJgJS8=
tVbss8H7VpIGHLNGwITQLvKz90rQBSTOrEjnVbD1Wq2fo2wwFz9hFwZA3ULL" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Ripple</a> has agreed to acquire =
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXzwhfp81voIP1CJOxfBjU8D13AhXK6Jdh=
7xl480KTniw-3D-3DVEDL_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTi=
EoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTn=
DMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V=
5GSbliKbtoQlfeF9A7KTXSOEMWoNqSUEyBuHQ1gqybzzqRXW02jvA07weCF9Zk1NxhPY8cmPv-2=
BOzJ0DG7QCQXgZ9TpNfbspQUgE4V9Xefkm83Jd2nivXhrOzaMF7kg-2FiaJq2rYXa-2FF2diR19=
oPW7FrXa-2FDAmajOrSzGLmiqc-2BcALEuTlR33eyoR5AoKz7Dl-2BqBi0aZ2Sxy5mJtKDZDFx-=
2Bng3dxUXy3610lSmCYwnFmylLhfP-2Fy8vEdStgK4J6ihVNXJ8VVU9sY2bl0CEEkqJDezJiP6Y=
UM0WadqjvOTCSD898VuVvPD2" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">GTreasury</a></b>, a treasury management company, for $1 billion from=
 <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXzwhfp81voIP1CJOxfBjU8sUtjMCj8CUS1A=
XUgPMT6gA-3D-3DREHk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEo=
LkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDM=
GBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5G=
SbliKbtoQlfeF9A7KTXSOEMWoNqSWTwbP-2Br6b5Me8x54KITZL8mvXv7eLOPScinl0NerSzWTI=
CeLalV8g0SOogR-2B-2B6yA5Tu6TXmHGdXm2Z5X8v-2BeqyIWOj35YbPo1ZASp9Wew2Z9BgN33Y=
NcZY3-2BenyLvHP4EQKrFRLdrJONQLX52C-2FdtZc7xuf1HpBf7gfC079EIn3Ow4Y-2BG-2Fm5g=
c0zsF4hrgn5xd9EMtWFXMe9YWDRHtgloldi5OWccE3WWboKrF-2F-2Bncip9PtVFIJkxQ2hsSwz=
GYFUk0hAQ4tC6022Y2oXw-2FlyH8" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Hg</a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXzwhfp81voI=
P1CJOxfBjU8nRprEmwRAD1LUjY9XTrYrA-3D-3D3SUV_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg7=
3j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb=
08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpH=
JkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSWXGxMeY3VAyJAWQmSzrvTmr=
VY9wMrYcoz33FDPTZKNtG91pHzooajSA-2Ba13YbksIRGntib1mFJzOHnPyvAkm3hFy9EeTCZrA=
kNd5CZczYrFGc1VQP2euEJcBLLpCCGqviS8irICZetYbTk1almzSjHaXeA1B7T604b0qWMr77b9=
KqakAA5frJ-2F0OHXQNVyrqEQL8OP-2BntBUxJ7h0knM2A3Mumai62kNjFfpCUdzZ2HEss5iQ2f=
EXKNFY8YrLDps70cKxc461RLkLCUDbsjDkJ7" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Estee Lauder</a> is looking to sell cosmetics specialist =
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXzwhfp81voIP1CJOxfBjU8GR3PDB1KOZU=
Ka3Sd3Bf7ig-3D-3DptvY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTi=
EoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTn=
DMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V=
5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVI23pvxA7LUxloH4LOUTklVqbihiuw3If3F8iEOEzZ45z=
sMVhAK-2BgD6f6uwi6aDQmXRzk7Ozzelm9FvNNlSo-2Bf1XpVtbFITH3Oxu1-2BaJacfhOLbI4P=
eRzxsJKS9HnubkuwhfvIxsGHJ1vjMTkJ0rTCRS9hfMbAyogNxBHeZw5ETzPzcwadmLVCLTqXCKQ=
gVY1cFBpHNFJW2mp3zvx02-2FQMphJQfu1OpZyKJiw2xQfSp-2B28dzsITRssUBboZGTDLvyld-=
2F9SqEN2DEi2u4NV4UFw" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Too Faced</a></b>, Axios reported. Estee Lauder purchased the company in =
2016 for $1.5 billion.<br><br><b><a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXzw=
hfp81voIP1CJOxfBjU83I7eoECZH-2BwOwfwM3TTtSA-3D-3DbL8q_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX=
8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLV=
mYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPi=
r5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSWOWHlmn9zIPDT=
ubimhYAPHIjvEodxt7xffEeGVGI3CdlO7kNoFg6yN8T-2BnaczsuspEACXmXHNq5Lm7YkbOCbDc=
nmvTzakj5ahw7R1QkllabSDXLzo9SaB8Y2WfJhmiUcJSRs5m-2FBC6l8tkOvOzgq4UEZbB7uzRX=
e74FfFWE2jl9sIuBM00agaM0ECMSzYxvwK0-2BLDR1NyXLBmnP4t2-2F0JiqNzJxsZ6BW6hpPZ4=
Yt02x7TLRlwhg8QExJ-2FozPwZf0Sk9jD0Yzsuwd3Up7JN1h4M" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Built Brands</a></b>, a Utah-based protein =
bar maker, is considering a sale at over $1 billion.<br><br><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzXcYVXYKDbuRBPzc8YMcmoa4xOPiirNkf1PzSMFSyTK5w-3D-3D1=
X1Q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4I=
FhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDP=
QkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk=
-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7=
KTXSOEMWoNqSUMTRAA5IfpcYKs15EASbTedlb0Fp-2BJsK1Xb0FtMkvBJlwK124rQprdTZTwUYO=
ubszdl0S-2FrTmI83N3njI-2FAk-2BapX7-2BIoZ0bRC9T17lZhZjVcQn8BvyH462JKhfBTUdkl=
tbv-2BYsZ0U6H-2BGzDoVa3pjDfz3Wt6yIbu246JHWFoSWc5TuavQFjAxWrDC8ui0WBjPWCUrLq=
REGwFmP8yzHAMMtgzkfFCFEHvl9tOUGIMVphR0tAsJttJ8Bto5RACnVol6aCbiqQ-2Bfw-2Ba5d=
bUjgJ2CW" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Nordic Cap=
ital</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcYVXYKDbuRBPzc8YMcmoaI=
gRjsRnrvtpDSAiyShiXfA-3D-3DRSIq_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVas=
OR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcup=
ZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzY=
pKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXGPHvwYO8jlOWBNr5UqWYhWc78v1JX78m0W=
-2FJ0dLx4vr9LtQjpBSySnDn1A2byhDoHiO4w-2F18vncuqsh8NVaAMyTDsaOxqHVbSW4bt5IVc=
U-2B9q6DeuFtBBlirZ11bTVG-2FrES2ag11IeByPFcmSXnW5IWfcuuEkuEevqR-2F1dDxrIeNv3=
5sH8I8TRCGADuZGq4TfB8OO56WnD56mtDRUFGyQwas43Hdh9RJeDZ8QssgDiD7o0m65vnJMpw5z=
CD8e1iNTCK4xe6cM56q-2FCKc0bCCZ" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Permira</a> raised their takeover bid for Danish vaccine maker =
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcYVXYKDbuRBPzc8YMcmoaj3fdfm-2Bvo=
llpOciH8WwzMA-3D-3DxKfu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtp=
TiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZ=
TnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb=
7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVK0Yrdi0gHrUgBPQGVy5sQpgYLfm0tl0colkAj-2FHP=
otdPdT9jOelLhCweudAHcsWjUCRU7UayqaGRuX4M4e2icdAXBc1LLLxBGXpta1QQiGJTh4y0xGj=
KVONgzrZhurKftymuEno2RkPh7OXBATYxdqjQMa2w9QhYHU35-2FZKlqQ2EoDcg8mROF9ujnvkI=
KpMG4ItdqBF8wCUMvNIsKC-2F521qP3ywm75qzlP864s56EScQIDwT2hjmrDELLwzi3fXUb-2B0=
BpqITnt4YVGTCdqCiX" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Bavarian Nordic</a></b> to 250 kroner (around $39) per share from 233 krone=
r, which had valued the company at $2.98 billion.<br><br><a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzXcYVXYKDbuRBPzc8YMcmoayPfBm1MaO9CzTRlBfBqMLA-3D-3DHx4s=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhU=
cdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkD=
syJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B=
-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTX=
SOEMWoNqSUK088vdsCC159s5Q1LaUiXGGBIyyiRP61I1SigndRP8QSOZlbog50mi9FZCrpdK4Vj=
NxR-2FG6euM-2FSze41Nl9Z23FLStF2Zk3sVC5GC1uxTZcGq8tcoitGE4P5hSpkXi5nfMjnA2Wy=
snFcmQutINZFnrPwib6Xua0XlIGt-2B6NTbV757UJbjpg6W3G5f5X5AhEjZrLyBHt6EoaRXaHZu=
aFUN7zL0sax2Ryk8hW7dXAncjYCM8l-2FRuDUdXyzIiT1rgQ-2Fri0voXY9AVOp4bMNqwKdz" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Clairvest</a> acquire=
d Ohio casino and racetrack operator <b><a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzXcYVXYKDbuRBPzc8YMcmoaabUw84Hap5x-2BQjNv1htdZw-3D-3DCHoC_I3w5d9c01gkD8g=
LzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2=
jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U=
3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQ=
DhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSXOhWtG=
3Gh19bkcgEsoUaSPCg4BP7h2sI5-2BeIPXbqdATzaYKOtWUQuAgANOMPxVWCiPerElI-2FVybp1=
eGIdjxodBdrZoterfBj6vYvIeIzc5kE7eaL5EdiWgbB7UDXc1zntkZZ9jWetWrQnddDK2idzOS-=
2B1q-2BOy457NbN-2BgyZ3pF38WltYkA633hLn1Iqbun-2FhQOYZUgpNiyia1Fo8ExNeHgPZkM2=
460CxmTXNR8J5Ot1WGj0847V0oZ3lVkk2Z1aipD9nnisPEJ-2BZRhiv9JozYf" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">MGM Northfield Park</a></b> for =
$546 million.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcYVXYKDbuRBPzc=
8YMcmoaIkyh-2Bpj8zOaIVOurtx5Ipw-3D-3Dd0AC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j=
6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08=
h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJk=
uR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSUcT7Gg8yliYVZTSVIre-2F4XL=
sU1OUwOObCbk-2Bt8yqqdD0AP-2BHQn83uWvaNmdhL-2FXmYJW817LtBlvMaL4rvOOggfxTWzJs=
tVOTXbAfKlrhXCBfzBBKdM-2FgsOSKXsv18IyT-2B1Qcm1VjXqhxtlBo8m7-2BotbEXqJK7zY6N=
ahHuQCKVIBsAh6n6cdQFiHeJ2Fxqw-2FmyOeUIRjRhpARng6W79tO6USuC16FCUmSykVyh3nsPV=
GP0lTyX0Nys5lbXv6h9eDtjmhvGRO3O1iwoyXI-2BqTfgK" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Archimed</a> acquired Danish skincare brand <b>=
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcYVXYKDbuRBPzc8YMcmoa5KHpsPf1PRJV7p=
eqB7qNPg-3D-3DvTY6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoL=
kVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMG=
BIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GS=
bliKbtoQlfeF9A7KTXSOEMWoNqSWdvk8yHoaGC1orQBbigberTvMiOCOb-2F9hoakvJJxQmRt6m=
Cju2j4zAre3lfIi941kDKHuntx-2Blimgqc4vi6htMFVURSId7pTGNniRFODuhTnKOjhh7X24Qt=
ALjgU3OxR48EZZgLCqo3PFzCOZdsIsvY5O6Y3q7mMkXUPHD4HF26j-2FON7S1wGsJdpcS0wFMDn=
UUL0RnT0yItZrBBjk9Yax75n-2F40Pct6nApOOxFenhr5mnpvH0fnVyfnd-2BRFhXrLoSGI9nZV=
yRgK2M8-2FzdtvloR" style=3D"color: #1D5080;" test=3D"" universal=3D"true">D=
ermaPharm</a></b>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcYVXYKDbu=
RBPzc8YMcmoaJs32z8MjPaJvw40AtoWCzQ-3D-3D2qEe_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg=
73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigd=
b08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPp=
HJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSX5zQNZntwWNsPVYBNnatNc=
Eex0aN2-2Fe6Xr3P-2BAdj0cSDb-2BvxyNudK-2Fq89W8wmdwjf8q6hd6Kgs37IfswjN6IRQ8DO=
maJhcGQPpLe-2BqpcJsmPLcuYcUlTZ7qbcd8S6u1-2FFsBeA9T8gSATWzhNjP4nM5T2XkXOliJ3=
7fcbHbgOk9QgHkdUO-2FBbDNa7HwSdymz1hF9X9NRvkbZ7Va9nXtpFQxPvddAymXGoPT7nIKl-2=
BuHXeLXPuOPVuHKO8GU0T2dUCygyW0aPHCWUK7Q4Z0jDRpr" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Oakley Capital</a> has sold its stake in Luxem=
bourg's <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcYVXYKDbuRBPzc8YMcmoaz0dH8L=
KecNOE9waLm3dXLw-3D-3DUp1V_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cP=
btpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaC=
NnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r=
8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVEUXFkH5tbV-2Bx0eKcTrCsC-2Br7gUVhKRivetr=
wUczUqXK0tmo5YuKtphhTA51J3mud-2BGCaxwuyrhXTj8pNwQOO6jUl-2F6PDvEKbEsZOYAHKuU=
teyTS5EHHxyFTuPYf609Kx8YwHhpwm5RAOyhy5yaKBX9zIFo-2B10JHNjUrSNSY1rmA1BuXZaM-=
2FRsZCwr2CcG6erdVATTF269NMKD4-2BkFY2hSSfobUXdDn9VSICOizk-2BeKLNX1wIqfyN1n55=
gN9lRor823CVWP4Aq9UlUrY8rSvnz" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true"><b>atHome</b></a>, which operates property and automotive market=
places, to <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcYVXYKDbuRBPzc8YMcmoaM=
TUXza8zzTvfSWv77MNDdg-3D-3DXf3G_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVas=
OR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcup=
ZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzY=
pKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVj-2Blc6yfIMLHm1rQX1Ehnbj2Pi0AStJx9=
98wUlpwlDR-2F8sw-2Fmi3Os2sQE5NmeBUziu1KZLQGE9ZCJcqGaWC9uy-2BDh8pkRL4NKXPXrs=
Qn2BVx-2BjWns72qlCeGYiHguwfoqjdKuoEE1e0gz6RhJzSK1IAEXtkUyK025oRXZ2BJ2Yredom=
VLqqamPHDxOyGAumae5AbMN4IKN71QYoizCPPtcaZ-2FIINVwB5mshb5kEnbiv0PqhnRhi4XFPq=
FlQrfCbbL-2F2TelKYRqDB93Sb74Il3c" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Apax Partners</a>.<br><br><a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzUHq0rdnYVZ20RSMDALoLCqDnAX8n50R8PlLO8emsPFhg-3D-3D4ljL_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jR=
Lk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3h=
nlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDh=
HXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSVUEJdA3b=
-2BZpiOQytjUS7ys0dbReh-2B6Pka6R0H07WEdKq9-2F6ifisyK0QcDXvILL4pYZPD3dgh6B951=
77KNdtwIYszraTMPWB0P4B-2FtocrA1pVYshqmaGxBLNkdzbGqbcwMSUVOmab5XipUnjYOjFUZF=
IaCMOOF-2F5TSx04T09P8UPhjnoq3fnP9WY6s7bFCT-2BhVn0QugEXGFKRS0WTqqEacfVSyahGP=
-2Bdg77B7VSHQfVjQ5xKRefsjr28AVgXC4yfnsaVzytdgZ5ZoygVHmi-2BetT" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Warburg Pincus</a> acquired a mi=
nority stake in French diagnostics specialist <b><a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzUHq0rdnYVZ20RSMDALoLCqQqS7-2BuFxnwig1sgRD1eXLA-3D-3DOX6g_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQq=
oycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6=
W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIf=
XSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWo=
NqSWyHQYBkQN4DH9WVNZyAXwTiXEEg5Va0uaoQvLr3VVK-2F5aL0PicLdRxsC2FQFhyzfmcxLUH=
HZeOgB3OUGcsxofYbg8IGi-2BdiNfqUhmvQlRTWJmSJUB998-2FwjAQ4odFv9A0g4MmwrtKakPV=
FaalQ9zPMHX7qDnzxVfb-2FJKP5dxU391JxPwU9ERXo2xzTWk5s8W8FmShiQDCnb4YeYkmVzuOZ=
LmapuQYhDIhUr0r9oQtQCTdVDUfNsN5bjsg5bABo-2B-2BYfegqjHYSKwyC9SphfFoZR" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Sebia</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">&nbsp;</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;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq0rdnYVZ20RSMDALoLCqY01xHPvS57Ee291NB=
lSz2g-3D-3D_6um_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVh=
hEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIF=
e2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbli=
KbtoQlfeF9A7KTXSOEMWoNqSUqwcQ5GJlFMPZ3lv7-2BWre28bJXBKwtkTuYRulA-2FvP6Hxg0k=
rTW-2FAtCDPICQ-2BiNtEz0mTMtZ-2B8gV-2BDLUmhFFe4c6T6nItE4BvhXw9JrExIqXxZnAvVP=
TweIkhzo8ikPLC-2Bq-2F3-2BtwCk9pCcamUuZfptOwpk88HyemPp5DPBw6vIp0og7-2Frdxls3=
BSuO9X98gHsseyZd4nN-2FVMRwtYOxrci91vV46HHPacwOyE20VturX6lDQygHGh7tRvtQmSkne=
lu2ezNFdA5Vo83RrrodlgQTc" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">D1 Capital Partners</a></b> is looking to raise over $1 billion for i=
ts first traditional PE fund, 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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq0rdnYVZ20RSMDALoLCqFgvu0Z7G0cRMXq1uS=
Mm7Ww-3D-3DAhox_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Beg73j6LXoErOVasOR0cPbtpTiEoLkVh=
hEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjigdb08h2q0lxQcupZDmaCNnZTnDMGBIF=
e2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzPpHJkuR9SwhMXzYpKS4r8Tb7V5GSbli=
KbtoQlfeF9A7KTXSOEMWoNqSXOyLFWldoePRh2KC3R0QqO6mEzhpPzlNpDxrzLh9a6v9rF7Qy8O=
wXbt03UshBuL-2FJs9nvQJUG0u-2Bub9COYLUWnPi-2FJtdfZFlyIRhm3X5lGmiwy-2F4auimGe=
IXSEK5R9KMejrtzMy72nEx78Cic8-2BoqxVfB0-2BG9-2B-2FCFSCzv-2FElKbIYYUaY9nGPRAD=
CoOZEqrtXQ2a8H4JXFX-2BUK8lEvFG1nln4x1oYbYMnZf4XOP5nw7mYMEKarUHaKoIFBe9uOt-2=
BvLDELtrIT6R-2F7MHg-2FY3OIDs" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">EQT</a></b> invested =E2=82=AC5 billion during Q3, nearly doublin=
g its volume in the previous quarter.</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">&nbsp;</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;">&nbsp;</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=
%;">
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                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image" style=3D"
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8766F;">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"font-family: Whitney, Arial; float: no=
ne;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"padding-bottom:=
 12px; text-align: center"><a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHq0rdnYV=
Z20RSMDALoLCqtU0ocGG04holfztK41AkCg-3D-3DrlEp_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ4IFhUcdxxQqoycWHmxE2jRLk7AX8no4-2Be=
g73j6LXoErOVasOR0cPbtpTiEoLkVhhEl0wkUX5vDPQkDsyJqg6W37JNOz4U3hnlwLVmYUEHjig=
db08h2q0lxQcupZDmaCNnZTnDMGBIFe2OW5sGLEuAk-2B-2FtIfXSWQvwmcQDhHXtPir5ikTUzP=
pHJkuR9SwhMXzYpKS4r8Tb7V5GSbliKbtoQlfeF9A7KTXSOEMWoNqSUD2UyjqgO1paS-2FuWwnj=
JQ-2BllTVFvdW6REZDnA8eKOkH-2FKx3r3vLQ7nXKfxqGqyBJQZFVWNwQY-2F80EoF7kZ-2F7M0=
aIUx8qGbqSLeb76V1in2Stv45W1m2ahrR8yOwIDnPHiS-2BLm0MPBM6AU6qp743Gv0dOuu6cuPS=
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myIMtlBh4bUI3NnBEU9ad1jtnXcYgXhX2z5TK8jbmzBcFllFjF" universal=3D"true"> <im=
g align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/70828.png=
" style=3D"border: none; max-width: 420px;">  </a></td>
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                              </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%">
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                              <tr>
                              </tr>
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                           </tbody>
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                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
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ight" style=3D"padding-left: 20px;">
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