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Edit File: 1761563822.M839281P567676.server-619288.prediksijaya.com,S=190762,W=194166

Envelope-to: vetyl@ponjosonek.com
Delivery-date: Mon, 27 Oct 2025 18:17:02 +0700
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Date: Mon, 27 Oct 2025 11:16:19 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Message-ID: <1WiWvE9iRmeOyrF9YY8C8Q@geopod-ismtpd-13>
Subject: PE in 401(k)s: Mind the fine print
To: vetyl@ponjosonek.com

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come to the new week.</b> Today's Daily Pitch features a bit of analyst myt=
h-busting about the private market investments that would be used in 401(k)=
s, a look at Europe's record PE exits in financial services and a snapshot =
of <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
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true"><b>Italy's early rebound in VC</b></a>.</td>
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dth: 100%;">
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574011" id=3D"n_574011" 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;"> In 401(k) move to alts, will i=
nvestors get what they think they're buying? </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Alexander Davis, Head of Enterprise Reporting</i><br><br>
                               If you're a US worker in a 401(k) retirement=
 plan, you may soon gain the option to add private equity and other private=
 market exposure to your savings.<br><br>
                               Exactly how 401(k) plans might construct and=
 manage private allocations remains to be seen. Small investors hoping to t=
ake part in high-powered strategies like funds with Blackstone and Apollo G=
lobal Management may want to temper expectations.<br><br>
                               Hilary Wiek, a senior PitchBook strategist a=
nd former public-pension investor, says in a <b><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzXcrbarvczO-2B14h4ZMalWk8nmLvjxCKiPCe0xDLym9odQ-3D-3D6rXp_Pr966k=
nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bc=
dbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP=
8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moS=
Ng8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7=
Uvq9IFsRA9IZqfOj4bXrCJcrkU7MtoEiZDhWWCP4FLeDzuXNkh-2BJIhQ3urtCHjjGxRn5v8M3A=
WZcdgRMg3UBKCaQ92Qk3TxngaDD6Ws9JLT2a-2BxfbzNtSAfhp0Kpnx5eSjeAL9Fu2z9rfc2z8M=
nJ5h-2F5TSFF4Bs3hwkNNn0I15veEe2lDI-2FLMLlUOnpTaceRzrLIfzAgTlaPVp2GPxpdCNYCj=
L96ufhh3fabwvzB8S-2BQFoUjzWfoqfurZUYWBIhqVK-2F4Rw2cAjjf2d1Xu7we-2BWzwMn" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">new analyst note</a></=
b> that the upcoming products aimed at the retail channel may have a hard t=
ime living up to the industry's hoopla.<br><br>
                               We sat down with her to discuss takeaways fr=
om the note. Check out the full Q&amp;A <b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzXcrbarvczO-2B14h4ZMalWk8L-2F92WnZyVMMZxVR-2FYdrjSQ-3D-3D7uBZ_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcd=
bh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8=
rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSN=
g8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7U=
vq9JhlWaof-2BYOEJlTRuih65hI4tljatzDcT7-2F6fAHWDYodtfw9wSKHCQ9zap3-2FqdCp1SJ=
riqCs1w558pAQAdqNhGEGu2gSzlYUAJHrZQYh6zhr5Onm1PhwZEPokP4ZXnfZQ76fH0MvErOiCK=
ql8d-2FDXo-2BqCwFFoQjLhXuBDlJqUOKZTZgxMvABV7WOH6mhO1dzm55xIV5pW33PZwew07pAU=
ODLhH6bFQX5Ms4oKVLO0y3wXxEEbCynV5ibbJcycW1ecPwgnPhejaYNVG2PjjDoPcK" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">here</a></b>. Below is a =
condensed version.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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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>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/7=
1074.png" style=3D"border: none; max-width: 420px;"> </td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
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                            </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">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"right">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"float: none;
 padding-left: 15px; ">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"text-align: righ=
t"><img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/710=
54.jpg" style=3D"border: none; max-width: 420px;"> </td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table><b>How is the asset management indust=
ry touting the arrival of private market products?</b><br><br><b>Wiek</b>: =
You're hearing a lot about how great this is from a diversification standpo=
int, that investors can get access to assets that could improve their risk-=
return profile over time. Most of the publicly facing information that's co=
me out has been on the educational side.<br><br><b>In your note, you engage=
d in a bit of myth-busting about the investments that would be used in 401(=
k) plans. What are you seeing?</b><br><br>
                               The term "private markets," which was used i=
n President Donald Trump's executive order and in a lot of other announceme=
nts about this trend, can refer to a variety of assets.<br><br>
                               For those imagining high-octane investments =
such as early-stage VC, they may be disappointed, as the private sleeves ar=
e more typically made up of some combination of private credit, real estate=
, infrastructure and possibly private equity.<br><br><b>If retail investors=
 are looking at this change as an opportunity to play in bolder assets like=
 PE or VC market for the first time, are they going to be let down?</b><br>=
<br>
                               The executive order does highlight things li=
ke crypto, VC and PE. But the vast majority of products available for retai=
l are sitting in private credit, real estate and infrastructure.<br><br>
                               A lot of the stories being told are, "Hey, y=
ou could have gotten into SpaceX years ago and ridden that right up." I jus=
t don't think that that's going to be the primary exposure to private marke=
ts that people assume.</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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cing=3D"0" lang=3D"x-content-btn">
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order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
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DRoHa_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe=
4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P=
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pNXd2MkYoj5jSeZwT1nY85oikuMRaJVvQ7BxRoFUTIDPs3omYwYYj68T30TnrFZ2-2FFM0mRPCI=
xHu-2Fyl5Y2HczWM600b60YB5XGehJ6gHp3mFPK8oWazksj5Jw2g5EKLTllybv2vzXy5VC5b1z5=
c8" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-=
decoration: none; color: black; padding-left: 3px" target=3D"_blank" univer=
sal=3D"true">Read Hilary Wiek's analyst note<img height=3D"24" src=3D"https=
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 middle; margin-left: 8px;" width=3D"24"> </a></td>
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                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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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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                              <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-2BaqM7ONnvsnswouzXcrbarvczO-2B1=
4h4ZMalWk8mYQR05-2FgE1PVvnGw-2FxWyWA-3D-3DpWoO_Pr966knuaHmaw6c7pKvB-2BCEiDn=
j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ=
6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqX=
yg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAX=
qup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9KBlwbSDVrHryxQuhB3=
tGZdMsWGyEjba1cWZfky1DSBeVVbVEuXDeZ2JgunIxc4Ar0xWg0QhhaRdcwbaw8Wz6CnB9y8x3f=
Wqvk1cl2Sal0CbhJIfdHgppBhWdV1qdIf9LVgjFDCi6Yi2z8DCLFpOSHTay9xkGKCF2-2B-2FSH=
VLT8U51oW8cC8pk8TshZWzraCxb4cfZfDlastje2FDA6Op5WiPupNQJncLPsSUODBaD1gwd6zFJ=
Q-2FBx1KVqhUU1nThJa0OjwFz-2F24AzZtUnoh-2FEaxg" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Issues Around Private Assets and 401(k)s</a></b>=
</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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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                 <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%;">
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                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from Affinity</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
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                  </table></td>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573912" id=3D"n_573912" 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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                              </table>Affinity is gathering perspectives fr=
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king about 2026.<br><br>
                               Your input will become part of Affinity's 20=
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I43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0Kjh=
aJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL=
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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>Goldman Sachs is nearing a roughly $1 billion deal to acquire Excel =
Sports Management</b> from Shamrock Capital, the Financial Times reported. =
This reflects rising appetite for athlete representation businesses and spo=
rts investments in general. <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXcrbarvc=
zO-2B14h4ZMalWk84-2FElQJr9Qlty07F2mM0Imw-3D-3D-Sbe_Pr966knuaHmaw6c7pKvB-2BC=
EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd=
0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rM=
teqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt4=
7eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9LKIQZaW-2FOhYH=
2a6gePgVfxYQf-2FCCWMXMjc0Pi7at1WuTMA-2F9dSUNJLfulZ0j9RICqSiRwED3r2AcV4BS82B=
iQRfPQMTjels9NDGuxeW9e-2FJwbFkWavh6aQeMkuwoo8v9EI3rWOFfEEHO5rdKCMAwYjfh9zv8=
5oTuR2d8bEECAUmeOEj-2FhJw3991eHTQP7UAK6wAFuK14VAmNWTczilf7WgZeM1334KG-2Fec3=
fa-2B-2F34hiHk-2Bb6UZHF0-2BwhqmvU3BXnyOfwhYdU1xdDwvkOWTP6-2Bf" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true"><b>Find out more</b></a><br><br>
                               =E2=80=A2 <b>Italy's private markets showed =
signs of a rebound in Q3</b>, according to our latest country market snapsh=
ot. PE dealmaking reached a five-year high despite smaller transaction size=
s. VC funding bounced back, but exits remained muted. <a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzXcrbarvczO-2B14h4ZMalWk83k570K-2FWdqn0xTQywvA9EQ-3D-3DJ-M=
F_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOT=
LOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04kr=
nD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB=
7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-=
2BNV58c7Uvq9JOIVGKzAcK-2BPvfSDPhAyVOjLajYesVUMnjp5JhqI6AVulkJVBwo7IUKfpqZKC=
ZL12uGGL0dUqs-2FUpDfLu4efRgQ-2BazfIUumPlMQCthwzhHVQET1kz9TH168IGOwj4JU97cAT=
U-2B9xKkYNpOS2M5-2F-2BteQH7kRGjVavqajmv-2FQkjDIZ8-2B1IIwx64zZAmlq2WtBYp62iJ=
-2B3WUMEzp9-2BXl47SJ-2FdS9Rct2dwhmRBnhuzlEsiIYeFSJeW7mupwu-2BWfrZ2myD-2FmqT=
2WeQSRsBYX-2By-2Fhdg" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
"><b>See what else our analysts discovered</b></a><br><br>
                               =E2=80=A2 <b>Meet the unicorn class of 2025.=
 </b>The latest additions to our tracker of billion-dollar startups are pac=
ked with AI efforts=E2=80=94from coding agents to semiconductors=E2=80=94al=
ongside designer sunglasses and a cancer care platform. <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzXcrbarvczO-2B14h4ZMalWk8-2FLNcU7bbJzrVv7ae5Q6-2Brg-3D-3=
DeXB3_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe=
4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P=
04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6H=
pJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxC=
mP4-2BNV58c7Uvq9KvKunVAhei7kWWKcJYHnkOLYb0TDxhEMqNOAhw27HbPFYxBUs6NdUY0kTMA=
oCm21kur2KRJ8Wi1H3BlEHM2gozTD2L2CgZuE71uwVX84HM1siatr29rhOF-2Brdr0loGKJB0Ba=
-2BeEHmr8CTXGDQXD1kl6CHkXVNPZefEKfkF5DL5lauVwUm8RXTkfIL8w-2FZxMhS4MVpLKBZ7q=
jaeEBS0WNlvuJo812fAQSPHaG0OCU7k4ZWMJeKz3TCjzf6g1C6Jc7oh6NL7zbp8W57ZJD-2BCVT=
MY" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Explore our u=
nicorn tracker</b></a><br><br>
                               =E2=80=A2 <b>VC funding for the medtech indu=
stry is on the road to recovery</b>, according to our recent Emerging Tech =
Research. But while growth-stage companies are seeing a surge toward 2020-2=
021 highs, early-stage specialists are feeling the squeeze. <a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPabrMRXM9ihPE2lixNE-2FeaOdw-3D=
-3DC8kF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
Re4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc=
2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF=
6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tb=
xCmP4-2BNV58c7Uvq9KivkaaS9rxd-2FngqR5rMVZDA4RKpIQgVEeLfYkABMt02hCC0D-2F44RT=
-2B2RU55qAoRp9l31wlFat4uFS9V9he1N-2B7AuI9AeEwOkA-2BWpe5Z1ZmE1f-2FMLMumLMdGm=
vlFK0x38sewTKmJNQxhaaPIeFsQf0cfjlLj0A95hTS4Tfo6BgRqol9WSG-2FCbvu3amcurPzAxn=
kK1G2HpPpUy2F5mwP3hjpYl-2Fy-2Bv1I8xI3CZpRVoD7grLQR16q85wvwS4nicFLtvXFreZJSd=
sXcUpe9lx-2BX8vd" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b=
>Access the expert analysis</b></a></td>
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                  </table></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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                <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,=
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                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573994" id=3D"n_573994" 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;"> PE exits in Europe's financial=
 services hit record $36B+ </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Andrea Gaini, Private Equity Reporter</i><br><br>
                               PE exits in Europe's financial services sect=
or have reached an all-time high in 2025, as firms can finally offload long=
-held assets amid improving market conditions.<br><br>
                               According to PitchBook data, 77 exits have c=
losed this year, worth =E2=82=AC31.3 billion (about $36.3 billion). The sec=
tor is on track for its strongest year on record for value and pace.<br><br=
>
                               Several factors are driving the uptick. Afte=
r several years of extended holding periods amid market volatility, PE firm=
s are moving to crystallize returns and return capital to LPs. Much of the =
exit activity surge is driven by liquidity needs rather than purely opportu=
nistic sales, as LPs push GPs to free up capital before committing to new f=
unds.<br><br>
                               With stable earnings, regulatory tailwinds a=
nd consolidation opportunities, the financial services sector has become a =
prime hunting ground for strategic buyers and secondary PE funds. New EU ru=
les under CRR3 (known as the Danish Compromise) mean banks no longer have t=
o hold as much capital when acquiring insurers or asset managers, encouragi=
ng more deals.<br><br>
                               In the UK, regulators are also easing rules =
to support growth, such as simplifying reporting requirements and updating =
the Solvency II regime=E2=80=94the regulation that sets capital and risk st=
andards for insurers.</td>
                              </tr>
                              </tbody>
                              </table></td>
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                           </tbody>
                          </table>
                          <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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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
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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-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPabTmAG3JK=
YYHOMQ6mdCCJLDw-3D-3DvjjL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0Kj=
haJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSC=
L93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2F=
p-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9KHcIUIBdniSak80kz-2BHOzDCHgs9-2FZ5mDtLm=
PxYf0am6L-2BFWB93Hlvou3ajncmpX6qKERiTlIqbMHKjj2SQae45yTFyD2Irl5YdaKUHzHYWn4=
2Q7Fe8fV7hifW3GukTlTmZvX2vpbBWqqpUTwxlKJCPrHZZHxBQ9gjXJnVesE6W3t3iA-2F5OAxa=
lsT-2Fk7ZyfLuqVDFTDpxU3iMTt9NaXY9-2FxWJz7ilSgW1OE9iLUxF2Am3lgTZ3vvP83w6NuEB=
w-2FrmojFG-2BGEUJRwYf1-2FtqWk5AV" universal=3D"true"> <img align=3D"center"=
 alt=3D"" src=3D"https://img.pitchbook.com/news/71086.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>
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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%">
                              <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">Renewe=
d deal appetite among corporates and sponsors, especially in fintech, payme=
nts and insurance distribution, has opened new exit routes. As valuations n=
ormalize, sellers and buyers find more common ground after years of mismatc=
hed pricing expectations.<br><br>
                               In July, CVC Capital Partners sold UK-based =
pension insurer Pension Insurance Corporation to Athora in a =E2=82=AC6.7 b=
illion deal=E2=80=94currently the largest of the year.<br><br>
                               Cinven also exited German life-insurance con=
solidator Viridium Gruppe in a =E2=82=AC3.5 billion sale to a consortium le=
d by Allianz, BlackRock and Japan's T&amp;D Holdings, while Bridgepoint sol=
d French insurance distributor Kereis to Advent International for an undisc=
losed sum.<br><br>
                               If the current pace continues, 2025 could cl=
ose with around 92 exits and roughly =E2=82=AC37 billion in total value, un=
derscoring financial services as one of Europe's most active and lucrative =
verticals for PE exits.</td>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P=
04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6H=
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
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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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                              <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-2BaqM7ONnvsnswouzWTvGj-2BS8plB6=
GzuCXkPPabDvy6-2BfjEjnyaqVCcozLMKQ-3D-3Df4QQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6R=
gtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg=
7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqu=
p1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9J-2BpAH1DTK6w2Q2W56-=
2Fj3a2A9ZKKkRhNlFCL984h8xnEIDZxrLp1bDDfy0uke01wIfor4PcQpTXAtHVzSvlpEWKMfDOn=
Wb-2Bz2eHXFajG17vnzYZ1XMxMPQDOz3RZiTN-2Bqtnq-2Fb2P8HJuAXvHMT0mskI5w7eMTtger=
9reC-2BuELactQU1ybln-2F9w9hwGcOHAm-2FWEEKLlXWth1oRg8nCVA6oj4UpgWQMW3fMEF23q=
VKYYhGe9tPU0wG2HglQ7DO3ZKiKzr2ZBCqm7mpelmA-2FpokzMt" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Q3 2025 European PE Breakdown</a></b></td>
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                           </tbody>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
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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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                  <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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                    <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>
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>
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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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                    <tr>
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 Arial, sans-serif; color: #78766F;">
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                        <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>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>Is switching to an AI web brows=
er worth it?</b> OpenAI launched ChatGPT Atlas last week, and more and more=
 companies are jumping into the AI browser game. Before you choose a browse=
r to replace your old one, read about the benefits and risks of using brows=
ers from different developers. [<a href=3D"https://url6380.news.pitchbook.c=
om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTvGj-2B=
S8plB6GzuCXkPPabTUPH74j6q49NLhSG9dclAQ-3D-3DhWbj_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0Y=
YJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMte=
qXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47e=
AXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9JkdpIZV-2FtAAOhC=
9ioaAxueE2vuNAQSFc-2F8nHTRQCSOH1sZg9LU0vgXqKN4XQ9SoT7ECNovaLZS6jB-2BsQXdX2-=
2BKqaReC0XlsBnTLySKaIbi4OZBPJKmfzcqBGxHhX22TaV-2BE-2B9vTisILcvAD4oAYjsAjLq4=
9b5o3sKUhbffpRVSvnS8SfvHksC1TB3tdvRdeRdq1HxjElVJDQ71LQWF6lXXKei-2B3glTO4R4E=
sooPLfAd5v5JPecbD2s-2BVnGD4t-2Fl9nuJhwS28x34Vat8vPP-2Bmjr" style=3D"color: =
#1D5080;" test=3D"">The Wall Street Journal</a>]<br><br>
                               =E2=80=A2 <b>Massive AI debt financing deals=
 unveil a potentially weakening tech funding landscape.</b> Morgan Stanley =
CIO Lisa Shalett says that Meta and Blue Owl's data center project is an ex=
ample of deals creating a more complex story for AI fundraising. [<a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPabsPqh71BAjkxDcDxkIC5BMg-=
3D-3DQx_Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68=
NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7=
nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYs=
fF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9=
tbxCmP4-2BNV58c7Uvq9Ic0t1lscYl6AxgHo-2BNHRWtnu0rvq51vBPEx7JjkvVSReowTGI98h7=
mCrhRxg4UYvuxoP8VCNjhHD5x0AcYZe1b8DCES7fEMn0T1butLTQVmzMeJ1f8kZnJZS0qfTz4HJ=
3rmJBsMpT3EBCqA5RaU2BiBk9fFA-2BOQov-2F26OC8J5q5HKKfgcBJIi0HC16wZ-2BjTdjSz8i=
9vo0PK2G7oBTwrKTeHOy9Rubo5gSOGhSN84-2F7vawtAuMpZ-2FcSLpyD6fwqxdy8w4TKPmscyG=
pPpiL4duT5" style=3D"color: #1D5080;" test=3D"">Fortune</a>]<br><br>
                               =E2=80=A2 <b>The UK is considering big chang=
es for London IPOs.</b> In an effort to boost listings and establish London=
 as a strong market in Europe, the Financial Conduct Authority is in talks =
to shorten IPO timelines and get rid of its two-stage filing system. [<a hr=
ef=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw=
7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPab2-2B1GJ4YDXXN2bJZeaf7=
EIw-3D-3D8jYk_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJy=
dHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RW=
MVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcm=
Zxk9tbxCmP4-2BNV58c7Uvq9Kg4AW0dq4Hkq4fUwiT7Z3BjD6oebfZo0zo7eQbRihNwj-2Fp1Y5=
kwpZb5hF93THpGRdKAL2GggFG-2FYVU8xxDWjr-2BRPoa3R5iv-2FndOe28aZD29H8FQfCQusux=
P6hqaCDlBO8wUEgeBUTK-2B9u9W0UKWOexctsc16-2B-2FSYGQJvW21YMyCuH-2FsX3dKLm0dhX=
cubqL4HxbHwxrOPEtQxIKis2UX7G5wS14jBKwOGD-2ByTvSdAdpoFScMgnFkp1j-2FbBZehCqkl=
0MtCDcSzxCtCwrNior-2BAJN" style=3D"color: #1D5080;" test=3D"">Bloomberg</a>=
]</td>
                              </tr>
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                              </table></td>
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                        </tr>
                        <tr>
                         <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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pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
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nce yesterday, the PitchBook Platform added:</td>
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                          <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;">
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; min-width: 32%;
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at: left;">
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ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
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e; font-family: Roboto, Arial, sans-serif;
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 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;">
                              62
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              People
                              </div></td>
                             <td style=3D"display: inline-block; width: 32%=
;
                                                    min-width: 32%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              64
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Companies
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding: 0 133px=
 13.3px 133px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWTvGj-2BS8plB6GzuCXkPPab7k-2FywsA9QG0B-2FAMbtxsrgg-3D=
-3D5B1y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
Re4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc=
2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF=
6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tb=
xCmP4-2BNV58c7Uvq9L2JxTdxeF3SLeLd-2BFLzwJ3Y32T7oHAArrSQ-2FQmIrGHL2sDMxeK9iC=
W8wQAMz4D6o8lMP1nb6rHtThaHlN3tW6IWSWBUK6Omr-2Fopxw3iUNks1D1xbhzcR94a96YWumQ=
YJTGMfgKCz5WgCzDqquWm7pn26tvnSk94cwoU6ADu8Ryh6G1cTw3RgcmkdSo6bmO1kVIyY4XoFu=
o24csODH7xyUHEPHdZyWW-2FB2RoGnf-2BFoIEDgiFbc6NTFcP2FZNWKyP52siymRi0ZsCfoQ27=
wvUOoG" target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
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none;
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;
                                                          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_574006" id=3D"n_574006" 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: 2014 Vint=
age North American 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: 71.04247104247105%; mi=
n-width: 71.04247104247105%; max-width: 71.04247104247105%; 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">18.40%</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&nbsp;</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">25.90%</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;">
                              1.54x
                              </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=
swouzWTvGj-2BS8plB6GzuCXkPPabWpZ8JcmLAyC5OBt5-2F8ghjQ-3D-3DoIvF_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1g=
XhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2s=
BI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wi=
EMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9I=
YCXcOmiLTNyNmUxTZB8ar5q5aZmEP2Xq9xZXgM4ta5B5u-2FJc4oZcvK-2BzS7qYft8XZXCESgQ=
d0-2FSA5hklYIUv4050-2BoOTBWUp78tLxrohO5coWINfIaGi-2BApcWN9uooEgFukRBt9eRo2f=
SvVu1q81nUBwFvepV2vCpLUWAsi-2BIWtHh9gt7XIDBPZQxG6azvjT8-2BngRNzxaJyvoPoXZC6=
hNxDmtujOpB7CJJwLy8jvGKcWRDDvtAGmnpO-2B6K7m5VGRhOmlqJ-2BQqLvImiyg4-2F7AS" s=
tyle=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"t=
rue">Consonance Private Equity Fund </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWTvGj-2BS8plB6GzuCXkPPabOdUaWzXirC3jnic6QCa6Cw-3D-3DeFWU_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXh=
POGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI=
06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEM=
jzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9IuF=
t2vBav4BswJZ1N8j8vLqp3XnLRax85rwRbWUA-2FcMb04G7Dc-2FVMhG3fk9yx0tBuid8D461yN=
-2FrzcB7iKnyieZAfz7jskwk-2F98Iel-2FVIc2mE2zwpRDA-2Fs4PhCV7P4suDiBuPlVZUKO7l=
XJomCch2ISkgrYRtryPUOhRt7I3b4kZee4sgszT-2FSAnw4AW4zsp-2FdN5JMy0e5-2BknVs9jT=
EHWj-2Fu36Hr6WD9HwIkOv2i5pvsNi7Ql8tqehbDVyPSjAHRwjQsM7YPRv9gdI6M3Gal0m" sty=
le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru=
e">Third Century Investment Associates </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=
swouzWa10fq5aDzBTzX-2BuTmzEtXOxaalzmmliX93ei3eVq5NA-3D-3Dr58J_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXh=
POGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI=
06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEM=
jzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9Lf2=
s3xyzmeV-2Fm3e07StkilX-2BKPDOEJIRATkjc14WwJ-2BWNyrxffkKignyw2-2FUS4b13zcD2F=
A7INJEwT8re-2B5XVcgaEREo7JQ3G5h5h8yRupCUY8bFXtofTWcQ6ILbq6CcsBZoBYRYUKWOZHr=
SR-2FNMkFaIi-2B3Xl1FTc8f7EVyofPZmKYJWnt7AQJmUsMbE4hkYh4RtoVOdqVuo94dGGcF3Q3=
8t4ZxW6qhuq1CUIqMaiYrJWPUv4EiTGc6MzzXIHqzErvvO00Wn-2BH4-2F7wFvg4GYe6" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>White Wolf Capital Investment Partners II </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-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXCe1q=
XNp0evp2ie2JoTyJXw-3D-3DfFPZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra=
0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6H=
TSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4=
-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9ID8TNDvcI9uEqg1NcWI4riypf3CXHY0OMEXZ=
i2Z6D3f2ZhvRtD331c4NPtnp1cKS8EpUJxmxLYl91mfFDE1aNSUWYAF8blTiIpfnNSV59BkvyqW=
plpb5Dj2lO6t3jJ79n7Di7ojUXaLZCPDE1ykXcwHgdWfSKlFfM6D891BqIeXtvul0tM79Liv-2B=
7EZi5WVTxUa-2F1pW30EZqdbIIbuAi01G4Ky5MlNiecFY5TO5Bmf-2FgN1fofS-2F3SSh06y8jI=
WZhawV4i07XaFxWiYaPXkEHC2" style=3D"font-family: Roboto, Arial, sans-serif;=
 color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" uni=
versal=3D"true">83 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-2BaqM7ONnvsnswouzWa10fq5=
aDzBTzX-2BuTmzEtXPlnicIXMQLJs6DDpEsdC2Q-3D-3DmruI_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0=
YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMt=
eqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47=
eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9Jy1OaHOW-2FZbzq=
Iun1i-2FLldqH0sROgfpIUK5c5JcHJQBDUUP-2BERFgoNLI0GMNug4wpckBDY4PXJ9gBug7qWMz=
tGacfWJ1A-2BYhzc3AG1tH8bBtKegYK4i-2F2PkFctUykMyTELXHBrxQ-2FMyEqH8h0yBMXk7na=
xplts38rAmtjA5z58EVqyt71T9TFDRVcm8Z4qaxv6v6yF-2BsBGRdOtC0HlTQ-2BS5GVauPZw6X=
wKy2qiWR-2BGmC0ER-2B6Xt2-2FnuZY1wAkjuqpWEGJnqbH71Ac17rFvAeZv" style=3D"colo=
r: #1D5080;" test=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>People</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">Presid=
ent Donald Trump has chosen <b>Michael Selig</b> as chair of the Commodity =
Futures Trading Commission, 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>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">New Yo=
rk-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEt=
XXnWEf6-2FVEmCELePJm-2FKvkQ-3D-3DDer-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMw=
pbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMM=
tlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9=
q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9Joy6hG3DsgFh3nRGlVfGAvsbZJW=
94TZ6GtqKHqdUjlG4YOaLxaZuSJ8lfn-2B5Q6DbGSfnagVnclkH008Sl915-2FAobQMIr9cUr6u=
wCCWm3UVUoFwSNoFFBgzCbgRUHU6PkjVa028RoOVq3R-2BUbPlwemGkBpPMt6mrT9qaZgd0rS-2=
BbJ77J8jAI6l4miyeaZbYUfvDd-2BsedHsnR5pE-2BQnSVJJ9N2OUQmGu0gZKPJkIZfcBBhULJt=
kD2tb2tmarS7vr54a8SUZqty8wIDlgzb94sJuC" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Valthos</a></b>, the developer of AI biosecurity softwa=
re, launched with $30 million from <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW=
a10fq5aDzBTzX-2BuTmzEtX7Ea3lKMzwgXEmVz5JuV-2FCg-3D-3DjDfg_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGE=
JvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06Sc=
lzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQ=
jrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9KuMGHlr=
bpYhwoK7RwGzuaSbynZNUvNemZqhcM2XDef9MLtr1w6RlGMm0ozP5C4wqtPUh75WhHH8IPt5gsO=
WQEiBzABCQt8Rb22e0gz7R0wwXvWxZbieihZNpY-2FrpICifHlcWhHuG8so8-2BygQ-2B927RHB=
iITIIHdkjveQfBRztx5ok34ybdoXykyOd8n54mM5OmN5VuC0qm0aP85oFb9qvHxKkIfTHdiHyTB=
npTie1NnsOqFm9Gkx3sOyWsIuD9VQ4WrTmPi2OkZ1iD-2B1ubIlzTw" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">OpenAI</a>, <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXIpoyZXWt63OQ0oI-2BTRKMEA-3D-3DeVLd_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89=
bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41Wj=
LP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7m=
oSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58=
c7Uvq9LV5YRrlPClQUarxc9yWuTky8e-2FwZNvYowPeWA3ux2TNFKWRD8M6Xa0fuMzskqsSbl3X=
B-2BD94TcUp-2FJ7IngFnN-2F-2FeRn2OO2Jlj3NpFBgUg9kvAvcW-2FBoOMhqBt0KGh3BaUjUF=
qBqzUVnrTnXjlC43-2B-2FQZNZNPY9FWG9v36Pw1ZuexpXGh87zPxCXe0pVyfOoi-2Foyacdzmr=
keOhG3LSZLEvi5XZrSJcLCWh7PQjvMrDyP8iX3207S3YEflHwlTqiIURyz7V10DXiJ7jThjm4W3=
Eq" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Lux Capital</a> =
and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXVSn88lAw=
zoq07R2f5NJUnA-3D-3DokPe_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0Kjh=
aJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL=
93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp=
-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9J3OSgOf4E7NE-2FZtDTGRdFt5ymvkBnDEqTRVoBb=
L-2FeUUrP7nsUxWoiS-2FynccbBtb531QZuH1lgep6Nnja2IuUw6CK7ov5EERRgaAum8I3OIfhB=
x0qRFIEGQnX4gH45gNIJLZxJtiXAw-2FXTdxp00yHgFkQ5kdsZ-2BLoLyD1IceywccK2D0BaiCw=
d-2Br-2BgPeHQ8ftaodvHcOCZE6vhas83gwjd0xtaEnSIP4I6iVihMa2XuUSd1fWrSZLmopwBJk=
KTJsCwslXIJg4-2BGJ8ZdkuP-2B4YUy" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Founders Fund</a>.<br><br>
                               Consumer credit and loan startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXn4f2TToaYWoM0Ja8hOZ=
yDw-3D-3DT73F_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJy=
dHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RW=
MVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcm=
Zxk9tbxCmP4-2BNV58c7Uvq9LVHJbvzse0CA5FaARgelvi5Civabx9Twjj9OIrqDK2THtP44Sp-=
2BvAQy9T0xr-2FUIUSeNPVrjiHnsgH6M-2BxQOmfl86DIAM3q1QsiGrLUU5mZCKXFYG1WIIgv5y=
bGzygQKxt2rXzhr2-2FssPZevV0gGmC31dM3uMcweRhpedppp6YChIuugLo3PQOzdYNYY-2FGno=
LhmTpCdQ55-2BvhE-2BCpEo7dcUR34DiZjuBw-2Bdjq7OUITFGQQazYCLc0kC0flQ43foIqKO-2=
BaTtriP00oHE3-2BZ-2BNo5w" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Ava</a></b> raised a $15 million seed round from investors including =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWa10fq5aDzBTzX-2BuTmzEtXooGEwghqDXBM=
1dJsRn-2FnYw-3D-3DK2MZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4=
3kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJ=
wtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93=
aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2=
BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9KzoIcr5-2BbkmXpL621bQ6c3sZHaweL5oyI5BjAuO-=
2Fni-2Blgt2xhdatNUs4V15jxFN8w8NIpifzSMVucDpZjdZvHCBHNrEnDOxxRSO8T5lF4jL6uwh=
QQJ2DVEj8DyeXbgBc6zd528LnEjyTrS6zdsYNqLgtao-2FlU3FPzM5Q8-2FMpO7I2Abb-2Fv7-2=
FXu3t8pMeO1rZT-2Bj5pwMYrGKt6Cn0FxEeUzXyCxlpPyvz-2BmZOkC8BrwmdFGJFkugoQzzY-2=
BymAxq-2F2w85cAfUr7ljD6cdSzN6ndZE" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Greylock Partners</a>, <a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzWa10fq5aDzBTzX-2BuTmzEtX2lV8awbuBM6vjSgjaXgkfQ-3D-3DoBZQ_Pr966knuaHmaw6c7=
pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOG=
EJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06S=
clzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzb=
QjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9IGnsh-=
2BxzXqpDup9j6F7JEvYxjpHvqtTt3ii7oQcEZyOql-2FALscRa7k0csPEOAFd1cP-2F1rkN3-2B=
h3DGfutjDmdRHevtf2sNr5uELsRd5Z5MHThcYDt4-2FqpT8jxXafipXN-2BKyfL9x51rIkv3nb5=
Cb7Z9-2FISDvO-2FaRU-2BNyDJTAxXr3UIcVjCA6Bj0dPTctMXFvp83QPQIyoA-2FySNVZbhFCV=
o15T7ihEjrBfDuD50h-2FJvsgHLNTDRDx6fE7sEm-2FzoXBLk0nxfwRnZBfRuEMqVgbCAvo" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Transform VC</a> and <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmuWOOwrR70G9z=
ccO-2BIF0HEsA-3D-3DVLQs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0Kjha=
JwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL9=
3aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-=
2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9JkWPn8ABpj83Rr8-2FLXjxo6S99JiU4diSrJ9Gvjz=
hRjNrM2282NGZUJhe2LgbwfIn4-2Bn7bVK5tQeVwK8rTMjdVcjRhakc0Ryq17qjE9CeItzj0U-2=
FcMPL72FBJFyOH718cwqdZSlES7rCpMSgM-2BY9AdGf-2FSl80jcyrKmxl5no-2FUImJhZsKUkZ=
RmFpc-2BB9FYUy5ft7IvTqHhI7FbcsYOX38kLgW36p3qCPey7Ec9TKxQXUObuMcCRa2J-2FsGLP=
WootkK1-2FK2PYbj7CG6AWbTPOwslu" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Firebolt</a>.<br><br><b><a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
UU0cX71-2BMZ3JU-2FVciuqpmu6RZ1UcbpZLy6YJSqZvQAKQ-3D-3DffjV_Pr966knuaHmaw6c7=
pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOG=
EJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06S=
clzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzb=
QjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9K1XOQq=
4RimT28PTSi-2ByrOlNUO0w2UrGB82mtbpwOQepPsUDxFC5X5BwNL1bFwnYcGvH5ovuJsWDJW1s=
Q5S-2Bz-2BD-2B9IF4MVpa7t6OVXt0w-2Bs8aysAje06jkk1XGaLnpQz94GufyHbqH2cXjI002q=
dhvMmhr3dXy5l4BmK2ND-2FKldLpTHmhH9A7INEqehQ6qPoiqunEfEiR7uPh4D6AwFiKaC3hhDH=
jVRCEWojpmK4Z04BIGmaADAS89APqnwkS4O2Bae7ctDW8-2BDKsejvxey56w0" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Mondra</a></b>, a London-based A=
I-powered supply chain intelligence startup, received a =C2=A310 million Se=
ries A from investors including <a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0c=
X71-2BMZ3JU-2FVciuqpmusS3kBZWK5WKnSIh1BMogog-3D-3DjvPL_Pr966knuaHmaw6c7pKvB=
-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK=
0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzP=
f4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrg=
dWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9IRyvznlD-2=
B9oLX4wr6SjjusUKBx3QJ4WmqkLfpvlNP5dodez8LJl0b-2BPffEf4O8zNGGydMWvE-2F-2F7fR=
-2BN7TwogZ1HXZQhS7VGzBWMi1ov1vY95ycgp18Yr7JJrfc7Z9UDTIvORCc0nG-2BrYbPn-2BGi=
4I1O7P-2FDMZBErf16D4YPndDFkEqs2nPSF-2BDjGRbJptxf9QZMLgLRKNa-2BPJsE0h3jSei0G=
GcJQvWzRj-2FtiK1yzHO2se7pM8iOew0OuWb9xBfHpO1nf9FG-2FcaKCaVwmRmrZ-2B2t" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">AlbionVC</a>, <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmuFFBkpOc1QhTxivzugn-2=
B6LA-3D-3Dc-P7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJ=
ydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5R=
WMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHc=
mZxk9tbxCmP4-2BNV58c7Uvq9LcQpIxEIuBg1zg9ViEmPBW1ibtsuqB3N-2FuTSPu1YX5InOTao=
18KPf4APu-2BEFxeyKbNGgxzzrKMuh5EFXPGAEWpg1xG6HInYk-2BeTJjSNbKBU9Hg041NxXikr=
Wsvd29yYItzctIu5fEApPo-2F-2FL5ddWnIlb7PZMoHbrZzRFAK8U6NCoUz869dPyjOyo9-2BuT=
qqkCuGILCyE-2B7X69RSIgGdcgl1bB8M6XlPMAEy1MkQJSoJ9P14giz9eppbhL8xFZrKeQtS-2B=
3GhtKdWI-2BdAOoeu1RDr" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Planet A</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-=
2FVciuqpmuTuJDAn1jP2lkPtnhkVfaMw-3D-3DEF33_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw=
lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6Rgt=
PgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7K=
FQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1=
cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9LuUYJV0FWSo2Xq-2Fql0qj=
3oKhE1byiA4IldEHEDxK4CVYTiJrPwdXLQbIJev9bHnYf5yWYDaEgMthNNGL6gPJoqgwTxXJK1a=
5jfiNG2SU4k-2Fyd4pkwE1HAYl7qlnnao619JDLD3RUFl-2BqihZGAusL5mBnRP0U98nV7F5iZ4=
9dcSsSVfUI0-2BbCdaQ1lazkYiDEHJLdwkylz-2BHQcJFWKL5N-2F93GKkX3FDyQS25-2FZ50P7=
93qPttHeV3UhxHNFXbd6yMEfY-2By4MF3WTAyxSN3Hb7fzG" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Swisscom</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" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_573933" id=3D"n_573933" 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>
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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;"> Don't miss our upcoming webina=
r </span></td>
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" 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>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmu6DULa4zuD=
7bVT3IQ5FsRJg-3D-3DC4oX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0Kjha=
JwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL9=
3aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-=
2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9L4Lcqn1MC3MiKRF66U5x7eY0EL7545VkfooLUJXPy=
Qi5duDgMlUY9remVpi84bFbZJx2s7nB-2B87sLLO-2FeZzXuvL4b3U-2Beriw-2Fo0Gt8ePid6M=
vG-2FbE1jvDjJARt2xBjEUA70xTBtVCPj-2BPaiy7QS71m6ApGSOrl7As1cTOFn-2BXca1ERuoC=
sq1XfcY38bw67EzKqywAdTzcJojVaGNt-2B1B6U4Al-2BVn3H7LMjNwNhm-2BfakJ3lvPx2YqX7=
RSySGbtLcJj-2FWrxRUzdMdlCRMdP3MqRe"> <img align=3D"middle" alt=3D"" src=3D"=
https://img.pitchbook.com/news/71019.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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                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
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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%">
                              <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">Geopol=
itical tensions and misinformation are profoundly affecting ESG-focused inv=
estors. While many firms are no longer publicizing their ESG strategies, th=
e sustainable investing movement hasn't gone away=E2=80=94it's just gone un=
derground.<br><br>
                               In this webinar, PitchBook experts will unpa=
ck the latest investor survey demonstrating how firms are responding to thi=
s new political reality. They'll compare the differences between European a=
nd American investors and uncover what motivates investors who continue to =
support sustainable investment practices.<br><br><a href=3D"https://url6380=
.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmu6DULa4zuD7bVT3IQ5FsRJg-3D-3Di5oa_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcd=
bh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8=
rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSN=
g8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7U=
vq9IO6bRHcxoyT7ahoW48IyJ3-2BdibgFDkxm0qVajWS2QunBuQNzR31v-2FvLDGhZHrYRJJY8s=
JJkNYnS-2Ffo8Cw-2Fki-2FTw-2FOvfuQD9One0kH0N01-2BzhPxwOVK6n9Th4piF8WRllgLxM5=
zzhURza-2FI-2F9jOqClnUsJdTdxdvYrER37g1oFup09b6B7AXPZy5UO00IB-2FF1Y3e163bBj0=
NicAZS0erUaEx9DxpQ-2FWrsiCZT4cKNK3gxpSpsFyvv5JvVFsnSdFJqTJSZU-2Fvjlo9zrKO9F=
VeGgb" style=3D"color: #1D5080;" test=3D""><b>Register now to secure your s=
pot.</b></a></td>
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                            </tr>
                           </tbody>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                       </tbody>
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                   </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-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuqpmuk0UFdZigXlIqZTsq=
AHpZEg-3D-3DTOdC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2=
FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU=
5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDG=
HcmZxk9tbxCmP4-2BNV58c7Uvq9L0ISlgtTBPZ2z9EW1mtrkpdvzJQSPU21u75TDo9Dxe2A8ehb=
JDTcUDhsjefo11kfBnZdwHlqTonhSmA6ub6fPTKms7wsYuowYjf3nMEvK3QlzOcIKit3Qpgxjkf=
evBAYNvm4vaVZY7lt4uThGyrcOorKVerjz9-2FzSjK-2BeudjtC2HpSt3McGl5z17SQwdaE7g0E=
pM44DImM-2BvGOfy0EDFE4bY8ybrvYw42lyAN4NzGE4c7ipLSBBEDKLTleFvGisdlyeyurMMyBT=
3b3Aps4qnUz" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ares Ma=
nagement</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FV=
ciuqpmulsgl1XbNJGx9Vt9UMJEsCQ-3D-3DlAAf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgK=
MwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQa=
MMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTN=
v9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9Jscu2sFpxGsMrAmJTACvwvBkH=
vx09HeeOvyKNNwHKbYP1OCrNiJxQDkr3u1R-2F7XfiwD7uOCftz-2Bzduz7B-2F2-2Bi2ZH0NQ8=
1v-2BBu0nIBmSuQsHEKw58r79XqSXkyFg4W8hoSgymxjGxZ6zebsz9UuCdwYJKg-2FfRYCYR-2B=
9UtyOYWSEZexGHNQvS6KI8qSV2dqM7wOKMtCuldhc3S8jRCTuqOQY77PXeOkXt1C5Pe6RzL6zgx=
ICxPke-2FFhEXQzGcXrR72MdAMmaXRpi-2Ft4dcP9kKFvU" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Makarora Management</a> acquired industrial pro=
perty owner <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVci=
uqpmumE64XHtkZxUMbnAuMU8FAQ-3D-3D6ReF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMw=
pbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMM=
tlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9=
q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9KkSyMR2uw0jPONdO4t465KMhZwR=
olRg8QFd4l1vY157gKVZwZ2cnocn8lMhpVONvh93o-2Fu9mOIOuRv4N7tYkPx7GbTI0Lg-2FccK=
3LM4xlQx8LQpgD-2BSxOlXkG8WRpKyzsB5LmQG995hwMy26pOXMnUdhzuXtvXdCvbxfI22zk7Nl=
cgBNkUK-2F5i-2F2c02o1kGmEEeHljmoXSUeDnLQgYxO-2B1iIlw4IsMwTnWoZgMnpZAuWichxh=
l3PWv3QPTiUX9ywOqf14u5GOhZgxKLG-2B4AvuMz" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Plymouth Industrial REIT</a></b> in a $2.1 billion de=
al.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUU0cX71-2BMZ3JU-2FVciuq=
pmuMHw-2BTTqrl8qrf8X3oPsqYg-3D-3DXVhE_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMw=
pbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMM=
tlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9=
q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9KG4oCHUm13SV32K7IsCSTAdxZTK=
9CF1uJ3ks8QVRISTYPaUYpbhuf0BB6FV41qzSNOSQ3DLwtbMzKZhiAGw52vQcg0B68DObvzP8cT=
y-2FXf6kzB1IjaxsyujG9V0ci-2FetpI2FefRxi9XUAxs-2FhCdfRkP3DUCEmgW3g3xMteySLQK=
hB-2FNcNi3PRKknRut-2BYOjx37pgq-2BC-2F2saWCGRbeN3jBnhV1KKo38iHeCDLrqAhz5ImJq=
q9p2VL2qiYG-2Bc8J-2Fi-2Fg9ESODmE2jGaIrxGLgH2-2Fn" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Blackstone</a> bought $706 million worth of w=
arrants in India's <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4-2=
FvdWPp7maqYSGDEux8fstGE-2Bt0PgAHhw-3D-3DzJbp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6R=
gtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg=
7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqu=
p1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9JklgkYRFG4Lf-2Ff6NXS=
sHAz9pdRUdnuDOBZLwFeikJkozv7ayoM8loPgUruizjnPieOJL7ajAdu385-2FQP4A0X0idkAlH=
ckQSyBCtD1iSpeFpo2BLLS1LO4q2gwfsmKt5gcPnWXwc3cCzaDFB5BZLnud7kB-2FRWe4gnTDX0=
ZBMhw5qBu565XUVc8AsL17UmRC8KedX8uwqM4IamYLbASdk3RVtFVUwrViuYkKVGYxkfN-2F8yQ=
t-2B-2FTaoHP1ePHSMyEsGaseUkTE9JdFlhCoR-2FNzOKJi" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Federal Bank</a></b>, which can be converted i=
nto a 9.99% stake in the lender.<br><br>
                               France's <a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzXTSAOr6j0EE4-2FvdWPp7maq4er0GHjSJFogJSe02Bw-2FBw-3D-3DHZuT_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gX=
hPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sB=
I06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiE=
MjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9Il=
z8Pc5P2mvXZt11sBCPuKa4Lh-2ByWzvkSmGwxvA5iR1SviATtPywChcLxdrmLhLka4L3jZO9re7=
twx9U-2BPuus1Hv-2BTpZ57VXNt9Iob8UAZC1dLA03iFjp0Q38-2FXM49IXJDfjjZkEXbon1EaR=
PhyOOyAqFYQ54yQ7c9hLNvF5wY838wwnJ0Zf-2Fukc5aWX9IH3uyFjjjk-2BQq28luNujtoH6LN=
gWAHFXZ3gscDsOduxpSAJCOkB6v6tkEO7Z5ENBzCllILVOicCQ6ZO-2B4ZZW-2BQIRW" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Wendel</a> is considering=
 a =E2=82=AC258 million acquisition of <b><a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzXTSAOr6j0EE4-2FvdWPp7maqZtrtGLfqTQanMMY5-2F5XK2Q-3D-3DyRNh_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1=
gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2=
sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8w=
iEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9=
IbR6S7GW5Ib58kPTFIXqifKzf4dcnNr7Cp8Yq-2FOSWZWJ-2F7vYXn8j5SGOm4rx-2BsdiF4djK=
dgeP3cPJ0OOeM6nWeVOk0Xl06XZb-2B-2BK2UWulCYk8SiLcCaOJSZxeuNQjl5UsEc8zAUFWhz0=
XEfeR1KzaxuLB6-2FnxJpPeOF0Fy1P86VgOKAxzkawSN8H0kGI1l0JIvXoK-2BKe2khXtinTCx-=
2BLa0E-2Fn7Dp92tqjIlmMz3FcCRX7QuqMDtvuYvBdjrx36jLWvgcPlbWbPuDCqGFnYrVRH" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Committed Advisors</a>=
</b>, a firm focused on secondary transactions.<br><br>
                               Infrastructure-focused PE firms could be int=
erested in assets of <b><a href=3D"https://url6380.news.pitchbook.com/uni/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4=
-2FvdWPp7maqEd3th07ii1-2FMwzVZgcQE9g-3D-3D6rHY_Pr966knuaHmaw6c7pKvB-2BCEiDn=
j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ=
6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqX=
yg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAX=
qup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9JWXasNeYn-2BQzokLB=
DbTWGRjTbIx5VR4nleK4tdnuHr2RYyMJnaJjADLLDuC-2B90REFawnXAKdKR2bpXym3k-2FOL1x=
tOQOtdbmQhnll8NTKyD1u3ghO2nS1dybpZj1wlMoSwaVmmW8lLEbjjblyKOzoNpvzLTQft-2FJD=
5DV-2FwJLF3EYi5526JqZRer2RvMMLk1BSa-2FxLKraJIvfrKwHpsRqbqfTmcdO5-2Bhn8Jiyda=
TTifd5a3WOhuWCbJbDyEW5ODl4rN8x7yuC7aCuLFab49-2F609f" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Kyon Energy</a></b> as <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqN60nqEHZwof0XAUZD34Mmw-3D-3DAFQ=
D_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOT=
LOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04kr=
nD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB=
7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-=
2BNV58c7Uvq9JEOT9uyNbNqYzhsRPXvqxsCXyY83Bv8w4HDGL2O1u7nsuybQVRBb2aUmW-2FMhq=
KqYStLyXDSwtjbuNIuxRQa5b77CU6xKZ4NTULqgT1XJ8TRczE-2FivBY5Py0fIgusFlhZGO-2Bb=
9sGIad2XPhscGr7as2-2FnnzboTXJ0Omh0y36MBuHoX-2BO4zGnbBpzrFrh27eAp04BsK0Fu-2B=
EZEKQMcFy9imCjL7ZKGMNCEIyNCwu5TNPzdzy9pXEpYxjfstCHCn4Y6oPQ79XUquK4y4h5X0yRl=
fA" style=3D"color: #1D5080;" test=3D"" universal=3D"true">TotalEnergies</a=
> explores a sale of its 50% stake in the German battery storage systems co=
mpany, Bloomberg reported.<br><br><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXT=
SAOr6j0EE4-2FvdWPp7maqUJ-2FwS04Bf4O8rE61Et6NDw-3D-3DeXsP_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJ=
vK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06Scl=
zPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQj=
rgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9J5FXkkqb=
VXEXvTy-2BTAWX-2BugLIi-2B-2BmTMZ-2FCvUCho-2FL-2BzS5Gn4jcQlM8ghn0Drpqt1CXYXE=
Ceme-2FdAJaUf9y-2Bwe2ShXDoT3ooGEuETLXI1-2ByOpnz-2FoSHT4HScGQHO95S-2FFg0LELq=
sPSC5brnohSIJkoruS1cb0U8ajljEpoHYAcrwRGI2bNkNETCKEU3gsG2p3V4M8fo7jLt2EfLMIE=
0fh7GkxwP0vk5ulTx6xpVM5WYAP3dso248mZDeSOTPr1DRrel4AzmD6T-2FCttxjSyO5t-2Bz" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Shinhan Securities</=
a> invested in San Francisco-based digital market insights company <b><a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqIeOZOdJRA0lYqI8oA=
YbWeQ-3D-3DTWeE_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2F=
JydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5=
RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGH=
cmZxk9tbxCmP4-2BNV58c7Uvq9IFEvPuMWIgv89tPDwX3oOBthDI2hsI8WM8L-2B3YfHbokZ8pw=
Lbz-2BwIeEA6OpZ-2FHJGtki3AfPzlViPqSAObjUcMnlS6xiIsLvKzmuGa1znOI0RjfUwhWgb4I=
oeFntko26hqcgkHp6ALQkc8II8MnKSFjCoHIEZgw6E4de3pfPECjUYTrOUzoVe27Z5iw0Y6oAUP=
sfgAj8W-2BB55j03utHXpoSlZQ-2Fmn4fVfa4z-2FZKZ2b0de62g-2FV5C1ah-2FIC4wxI52h1G=
i0mag5X6YK5HAzj2VaNF" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Sensor Tower</a></b>.<br><br><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXTSAO=
r6j0EE4-2FvdWPp7maq49gHntK-2Bg70mXcBeVUWlnw-3D-3Ddl6e_Pr966knuaHmaw6c7pKvB-=
2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0=
sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf=
4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgd=
Wt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9Jd6I60SofG-=
2B1Ajmf9BxP67I-2BmQ-2BIRKlekfiBwqhUOwuhCa53ihb08P68fQdR1Cf49Ag2VdH8g8gTaGcS=
0etDwrQN7ornPwaPNo63f4T6T0iz-2B9b6gie-2FQEtvNWdnCyHN-2FlaXtjd6peFpDmwAA8fFF=
6laFQEygCJXClj2cMQdPVnzl8aObjYfcwT9IB-2FpxSGPhbcLb3heYEiM6RP-2BpVj8t5Xc2DHQ=
1f30Kq4JMx8N0WqsrUIuRZ7t0HokNTMdYHptRl29rtJZ0w7lsMH0tIzdaZ" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">Mutares</a> acquired <b><a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzXTSAOr6j0EE4-2FvdWPp7maqm8KqnOMzvL6wckxUQSWSPQ-=
3D-3D97v1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68=
NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7=
nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYs=
fF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9=
tbxCmP4-2BNV58c7Uvq9IB4qaH7vX1bop4qGL1h3dSKy-2FGfsgbKAg-2FPBosWL-2FnI6Scw51=
mqMRYTOaf3NeJACGv2MHwacD0kGyw95pG3F-2BU3ze7bVoX-2FJYd-2FzDIjNB7v6FfWr4I0z-2=
FEN-2BUDZgmLryZzqWG7lEJRl-2BGbIaOb8HrTPsfHE1mOcUQOmcOU2A-2FAMNRHbSlo7rTC7n9=
KLQkKGPY-2FyaILq5EofLCBKiIR6-2BZCvs2dkrDhyPo2uJVbEd7WfB9MvhC-2Fr23AmwC3S-2B=
TlMZkm7FJ4sHqWUPIpDvsbtjnQ" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">M3 Group</a></b>, a Swedish transportation, construction and mach=
ine rental service provider.<br><br><a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
XTSAOr6j0EE4-2FvdWPp7maqa2ijsS8mXZBJ5sHjoJUBnQ-3D-3DIgge_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJ=
vK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06Scl=
zPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQj=
rgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9JxRp8wCs=
3-2FwDVTDJkxI6VOd1bnkfvGcte1axVIz9eUpPFn66Awj7enCvXcd0AaZA6dAW-2BetafZHUsgk=
yx-2B1qy5rf704CwFxQblFTb1GLptft0UN5aSvDTuuEcuMXBS9LNIh-2FckwrT5LanJ1YyW0Mlm=
-2BpxAbzjg81HwvvirN5TNvULqyFubdp6Qc9CsFg2znVlhRZ3vlxSGzHFaYkU5Ses3HuiqZiJZv=
4Uyh4X95-2F1agWLhPgbftF0UAbpinqrekdJhZpe1b96fqBQ14ep3fo7R" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">CVC DIF</a>, the infrastructure arm =
of <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxC-2F7ilTD5HE=
3ajbnJ4H3CRfA-3D-3Dd_OQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0Kjha=
JwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL9=
3aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-=
2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9LLx7k1iO9xlKYWDHg3z4jsHndemclT3obTk-2BGU9=
kI-2B7a5l3vikr1Id6UG0VrOeZI3kifTs-2F-2BGwksAtzZA09oPAf3bS9ADsM4dOEBCJfFh6zI=
NAioGfHakpVKyz14Jx1igqRPh9pN21i-2FVy0mZ2-2F5zGg-2BBPyyAl2Zaqb7JGjHKs48DO42I=
SMMN2GRPZVwOnqgy7Ok3-2Ff2Hwp5N8N1hMHuCvzHpI2ALwKWsJZBkSyw7MKxV1Aam-2Fy0Srx0=
-2FNsUMd4McL-2Foj-2F-2FJQFovvZDXh3aLNq" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">CVC Capital Partners</a>, and <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxC0dojxBeb5ref-2FoK1R-2Fapsg-3D-3DZndd_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE=
89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41=
WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R=
7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV=
58c7Uvq9ICbUuaNqxTqZNUEflXpFY67mky1IrINilesjJJgfG-2BB-2BqC4wLZlyAUxK3-2Fi-2=
Fk-2B6-2FyuYlWyG1LLGXNQ-2Fwi29tQzUimhsjfvBNWxowq8WzTD-2Bdc-2B1u2Q1CYvJUL-2F=
H90UMJt4dnI-2B5WKd8qWOaKXy1Rd4C2KRzj7phgMpI-2BvkK2DrpcSziGrWlyV54nPVahxNxZj=
zPBr7v1YJhqX0he-2FNWpmHSqkjSOA45V8NEyPuOqOmTdPvThtJl-2FMxz-2FZz-2BhK2m0zS6k=
HT-2BwlqfWI9VVtj-2FGGP" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Jersey Telecom</a> acquired Isle of Man telecoms operator <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCODGCHcXCggqJU0dPz-2B51QQ=
-3D-3D47jY_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN=
7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVY=
sfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk=
9tbxCmP4-2BNV58c7Uvq9Iv-2Fkf6P6AW5GplpE0RbhqXyvKt-2FsX2hjnfS2QyuZ5y6-2F1EA-=
2BXOKlXpQFPGGmU1zi1CzY1bTylq5WZ3jIfv2wQgApF0KpV7WIyzYiuvnBJz4TMGwnilMUz0Uej=
VCYPP3tPxEW4xDdgoiYfZk6tP8heVjuQL-2BJE49Wbl5hQMpeJhN6MXxP-2F1iDKJ9uI9oPEr-2=
FNfzwqQNjelnjRJZQUBHqzyLOOiBPvI4Yi3zgds2wC9A1wXQe4QIesKiXe8QpjC38afzRnYKtYU=
XRlRLv4c1sjpw" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Manx =
Telecom</a></b> from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSL=
rokjYxCvJFPWAtjLLf1xUGfxfYH3g-3D-3DqpUJ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgK=
MwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQa=
MMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTN=
v9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9JcGS1Gw-2BmP8fM03NF2dUdvY=
cA-2BUfsEWaVfnpGtSrePt2pgwgWcqWTl0vrJ-2BOG-2BdEhwSoZVTKqmXPpU739z6Otwzbk4hQ=
YhfmnB1rm5HKMh4zkxNgBkZi7eECI8mheqMccWRzUUdfpMpxnlxM9XCiOTkJJejesn6ZQZ8K6nt=
1Rh10SE7X64OHWX4x21shX3l-2BaAmwPGP-2BTNIFtmqfDkM9eR-2B9GjuRzvdgROKKHTEmygku=
va0nKyRBVj2XeNyo7HAh-2B-2F7jDl7KHS5ejJGi5JyF3x" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Basalt Infrastructure Partners</a>.<br><br><a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxC3sBTcg1Bk-2BTQdPwb=
tCsZ3Q-3D-3D4nAN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2=
FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU=
5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDG=
HcmZxk9tbxCmP4-2BNV58c7Uvq9IOqsUsaKSNcMNNk0-2Bherj1NgKhumhHDSrhCQbaWRmnDiMG=
asuv9ZrTvl49097c0mwB3t56cBJCTgYwSTHJricwMHtCUxqNzW8KReEWHZhtQ0Jc0HuKUenb1-2=
F8CYFxBAs1FTT73jStiSqu9sl2L4akEyQXt65Pb3NsHiGZW2qpQK5WC4ji1hZJtEwKfuFmnXt6v=
PVipBjNUBTcajf-2FS37dHM-2BgkNH7jAtPpWe2htiMhoZjdFbWllR3xuOsgOhq9nVigUyaehYb=
oFb7QHnAkK7MN" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mains=
ail Partners</a> invested $35 million in <b><a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzV1ffmO3tcCGdhSLrokjYxCpOLkVoDgg-2FOjageFb5btOg-3D-3D2VTk_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1=
gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2=
sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8w=
iEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9=
J5iYlFAEbDeQbjYwz9nafbxHWGxr-2FWWpQAGWDxq7EuGtf3LrI-2Fz9-2FPEBZOWyvUafyehGC=
OAgwk9gcuB-2FMQLdOIyuKDlXbr2KXVApNzLVJf2oWuCUq35sgTc0cqxBA6CHoRpLXUdyaDPAkc=
c3No-2FKRzi8c9cSdfxKam-2Fl2-2BT6rc49gkoiJBmIcYPSSBrgovx15z-2F3i-2FWYCaNzidO=
EfZlq38-2B8esn9rNMZGyxmOBK35ptsqh0VZFR6x1mE4hO-2BrlMcvGgbWMwwicTK9NO01hUYSL=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">FieldFlo</a></b>, =
the developer of a project management platform for subcontractors.<br><br><=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCaJfgJ2Onh2JR=
w5wZJFDlcQ-3D-3DM5RL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwt=
EL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aA=
Q8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BN=
NTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9IwvbajTIJyYD7gRuAae2VotwWBDqRTdh8GVAmD7UJskT=
g3jpdU93jMnAcu1-2BLzdaKQRedZmkMlP-2FTk9sSEyzvhamSjvJSaIZmA1Wkqb4XSWRy25o3aR=
waWSRO8jB9EVbtBzqlf-2FSufuhAI5ASerq1RDKRDpRU7QYeM4t5-2FRL3OPyuLTwNU-2BIluBq=
0JKIETfezqUy-2FmlUqrslg-2BqOlj7ye9j54Zap-2FzAocB8Wfjx2UQ35J4jyOpg2fDy8R1-2F=
-2Foa5lFpKI81Shvo8M4aAnpHimz6" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Overfuel</a></b>, which operates a digital retail platform for c=
ar dealerships, received an investment from <a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzV1ffmO3tcCGdhSLrokjYxCdsjx4s0JFzca1WFoLat7JA-3D-3D-j9y_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gX=
hPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sB=
I06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiE=
MjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9Ke=
tBgn36aJ-2BsUftouMCf2jlnz8j2eRKueqYZslJrqR4r65lZ1-2FstKYBCLZMI7uCtI3dtgcDE5=
tHdVCx9MFVvVog17rnK6ZpOGA8MUY62SHPnVKyYlsz96Ewi6v5jPhcjsMWGmaA9EX3pt-2BaND2=
8Sz-2FVmGD2HV5sWL6BL995nSRVDMyALqOUuuPe-2BRLtgOyNSUPqXEiGitsnw08wN6qJIeCVa6=
4pDWBQjYyn1Y0s1T6-2B87Den-2BRSO1Fi2s6ZKNgEuElhIsWjpxrje3hyAQ4-2B7mI" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Recurring Capital Partner=
s</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>Exits</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-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCtdruiHB02Su3-2BWp=
IC8KXMQ-3D-3DWON1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-=
2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8H=
U5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTD=
GHcmZxk9tbxCmP4-2BNV58c7Uvq9JRznlOW3wcAEiHT4aEXDghUd4j4QnUaMEAODmrEzkdZN0gY=
LVX6f6tseD4OqTgAukJiNKLcVUWbGoNuaMkWFiSU0D3RZO9s7XUo-2FN6WAjeAqEooEptToY0ZQ=
-2FXDv6mQOTL1EC6IbGhOb2kaDrVDsVDVH5NV9l-2BTRNqjyJAgjwgiucT1hkMAnOrrXbfaj-2B=
KBFW9voEv3zrS9s-2B6UPe7-2Fz37tvAxwswQgmYWae0E1kTwZHuj4-2Bttjsd0lW2UurIAE-2F=
7zDa7L26XecR3XcQS9VPjY" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Rael</a></b>, a startup making organic women's care products, hired inv=
estment bank <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1ffmO3tcCGdhSLrokjYxCu=
7-2Bnd1Pjkam1k2oXlVv6sg-3D-3Dhu1M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbsh=
REbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZ=
oEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04K=
hGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9IzALd9E9P-2B0eO2RMTEQJNoS6QvnZi=
HIntSOC-2BoH4N5vdGZJBiV6znq3wgZM97XCw5eVk4PuKOh2DwrWfkiqX2ObJVWMTSdEUaopt0Y=
efp7TzI4zAgHyzT3cmMrdHwLnBRFAOuDzOfmpSx2bV3nOWnIETOFKLMl8Ljl9I1By8evPLHxKcW=
n6wdgxR8fzqDn8TIjEYZnPiUsbNmrOnSUv-2BDZ7G-2F6AZy7HibTDsSlHHYZvs2zNtvkNTDfbr=
wcjTSFm3E0rY0kBFm-2FnVkXcxjkzLgj" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Jefferies</a> to advise on a potential sale, Axios reported.<=
br><br>
                               San Francisco-based fintech startup <b><a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLi92ohxPcdwSD3prkmk=
TGvrw-3D-3DL2MB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2F=
JydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5=
RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGH=
cmZxk9tbxCmP4-2BNV58c7Uvq9JxU96Tg1CKr9ugSYVW1uxf5CwEXCTBhjA75mE4Fc3jxVJ-2F0=
5ROWzv0UzBMmJyuE84XaBfudColvMbtWoAd3U-2BRjLoM9wNvn93-2BE89aB4nPNEq2v7slzD5P=
3NpZpDfTi8-2FX62UcHutPOMCgjTN3U18VJ2dVnzEjnlarOy9GTzr41JMA-2B7R97v-2B9WR1T3=
3hli2yNfNl4N-2BzhMAkZ-2BqzhzPhUkFTBr8jX9D-2BEdjiqyjHE6uGxZDWnw69CyIE9tLfNIY=
1UgcG011aiXI85E81SBQSZ" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Stable Finance</a></b>, which is backed by <a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLijT-2Bhl0M2WDKvryaNtgTaPg-3D-3Dl6TT_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89b=
cdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjL=
P8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7mo=
SNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c=
7Uvq9LAGCHc6YOMmZ8lBj-2FMUowJUFq-2B36PAYGvfXEz2YBuR1MJ2qfm4AW-2FD4Rd48EMoSB=
CkuPgcjV3otpuaDdMmy5xXyy49f4LVk1f7yWidx2B7INp-2FF9dY4C4QwIWRIQTozJlzZbWVed2=
jmQb2kBHMke6zDUwIdhl3ny8-2FIKsbth4r4rkrZg9OCgrJjYD-2Bz0ULgjLzWKClkJt5eu4mVv=
O5pT7ncdfSxRLRF7UiVQeL-2BtvRx-2F2WCRfIUPKVX8ZGsXlluBzS0CuBuEXOywMnDyE3iK9g"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mac Venture Capital=
</a>, has been acquired by <a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQK=
I7-2BYOaNkGRDLiXuW2MJdaHUlhgSRrCJc-2Fbw-3D-3D04_K_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0=
YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMt=
eqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47=
eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9JHLLDUgEXfAyleA=
uXAcl9CO9GPmZ-2FroIMEq0Xu-2BJ1wSoTLbHPYHgZNf7G8r8oEel7gLXcaZhUfOWiGDI4OByg-=
2F-2B1OSR0aS0ndnn-2BD3K3-2Bcgv0-2FRd7mlinclC6Uf-2BoKlZJUeLxhbjGEFk-2FFsjPhU=
bFFkz-2BpDvbdnIOe4Hp122CVfzrwz-2FiM4Pbb8wO5cUYZUoftcycjCvvzOBzLCawMPUfYeG1z=
fotlnoFNzTnv-2FV2cZ0fK0bbG32emNZz9MMZFk5zueAkpvTOlSpg9dCXGuqKj" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Aave Labs</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>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">Toront=
o-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDL=
ijYDwRpljAyNHEieo9jEUxw-3D-3DHQ31_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbsh=
REbra0KjhaJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZ=
oEZ6HTSCL93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04K=
hGGx4-2Fp-2BNNTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9IukvkMypZtquFewBy6EtlZF1jKbJFxF=
v0hqIw74rEJsq4ZT-2Bd9p0YdLMQ5xbitvp61udDfaZWg1qoKtW9gEE8JLLn7X2dtwkN8khXrGC=
hlzNVPjJPS-2FUXfLL8t03app2A9A-2F3-2F7v8q-2BsrQXoTsqgFH851kElqzUvooBJdl-2BI5=
pLVw6GZS32I8o5kiMGNwziKH1rkYO1oJe5Gw7zFSk45Ip9tkVNrtwtjd9hl5WOFNBTtqAgx-2BY=
80iOqBI15J9FY6ylDVRAIxkxWJICLQQEKpCb" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Dawson Partners</a></b> raised $7.7 billion at the close =
of its latest portfolio finance fund and related vehicles.<br><br>
                               Spanish infrastructure investment firm <b><a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLiqB-2F2hP6eJJxz=
bkALIlJHXA-3D-3DC3tZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwt=
EL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aA=
Q8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BN=
NTDGHcmZxk9tbxCmP4-2BNV58c7Uvq9Lf4swQXVX3kfJGNOD-2BibJRP27Vrm5rWGyvE-2BQ5KE=
fVQbzCUiWClPWCH5b-2BcGb54BdANdykbGLq-2BztxSNayGTPZqI2GqejTgKl-2BDclnXNHa6Om=
xJ-2FUW-2FdClcVJjHIpKieHS-2BzZPKHX-2Bch9lRdxeLB3fRlkWmxZk1HHSapVS7SpCpurWdO=
bnonXVdUHw6JSptsc-2BWbpIYJu3V-2BqtecJXIBZEKzzPWjf9GyEtwH-2FXd9SZ5p9VNf8QiKB=
p7yzS9Lx8ix6unbE3B7Zi4QLpfUEjRKSC" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Qualitas Energy</a></b> is targeting =E2=82=AC3.25 billion f=
or its latest fundraise.</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-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLi3DNlAF8KMjI0Ff5=
SHPbTrg-3D-3DYDw3_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-=
2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8H=
U5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTD=
GHcmZxk9tbxCmP4-2BNV58c7Uvq9JZmsFLsMgf1s8gSk5KaYQ4gmCcugL4nUE4EapZBkSFZNbZF=
hb5EMiUeZSCooehbl3MSwW83dQgEpDxkHd1F6CzjhisTzV6ruTgzRTSwuyFwDeg1qkxpSe1pMJV=
Zw10FI2wRLCkOeMLbPWIXp7-2Ftq-2BB1w4NAGjwkmQg4imGZ3YWlv4m9oOBxSGQ0C9qcCwNfQ-=
2FKHN7ePXEpgXdGXnf3D2qmFsBmNxBHXXb8ji4HPef1EKZbwQD88CjDcePiz6r3rMOTdk5baP5S=
vg-2Byg6xpEs0R" style=3D"color: #1D5080;" test=3D"" universal=3D"true">OMER=
S</a></b> is dismissing its Singapore-based Asia buyout team, Bloomberg rep=
orted.<br><br>
                               Closed life insurance consolidator <b><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLivB1srO88aOYLTbJvC0=
Szmw-3D-3DByZQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0KjhaJwtEL-2FJ=
ydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSCL93aAQ8HU5R=
WMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2Fp-2BNNTDGHc=
mZxk9tbxCmP4-2BNV58c7Uvq9KX61R-2Bv-2FCbWLZvloSlkmN1VF6hAyPrQdbUs59xQUaDuQKq=
bdlm0LvMoE7iyn0KC9SxzyfRBoN5jsihTnC1J-2BvsBJYIOyaYr88nv5dbKblOzFCBEMfiExgfK=
7mSmUucrfCRkn-2BxWk-2FXjqupEKNxNSZuAB1ZGspMV6CmJd4bj9lQOgXIOq4nT4004dlNPpum=
t2s7BOMi7kq7nS0UlMpe7xZseiB4M-2BSXNmHHNeZTmsc8zB7O7f7U2lZdTiNUMOymv-2B50NiV=
qllK3twNza-2BHrbxPG" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Phoenix Group</a></b> is in talks to partner with an alternative asset man=
ager for its UK pensions buyout business.</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=
>
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                   </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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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
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>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX91AmIbQKI7-2BYOaNkGRDLixxPA3AM=
ZFATpTRiGEfcC9g-3D-3DOno7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRe4wOTLOHE89bcdbh1gXhPOGEJvK0sYd0YYJ6RgtPgKMwpbshREbra0Kj=
haJwtEL-2FJydHN7nc2P04krnD41WjLP8rU2sBI06SclzPf4rMteqXyg7KFQaMMtlDZoEZ6HTSC=
L93aAQ8HU5RWMVYsfF6HpJMB7i4R7moSNg8wiEMjzbQjrgdWt47eAXqup1cTNv9q04KhGGx4-2F=
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0czj0R65OAGL8enY3qiqQU25ldw-2FHBBZb-2BCAgO6t1j8UEO6AHUHKNsWNrpGT-2FEsyo61xs=
iWTXr2Cbmyjmmil6R7ARrjH7lZqjNCrUqsUV3aL77RuTjuvffm6DlSdbegfCrf4L-2FnUTRd96c=
LZTq-2BfddPUULN6LqQaaOR40jr-2F4CSYOvlbglwxYjHkRkv2ruCIu2BQxToDAQL4aIeLrNRm3=
dFyYTdOZTzfYvTX2nV15g-2BYIMh" universal=3D"true"> <img align=3D"center" alt=
=3D"" src=3D"https://img.pitchbook.com/news/71085.png" style=3D"border: non=
e; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
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                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
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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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                         <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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               </tbody>
              </table></td>=20
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ight" style=3D"padding-left: 20px;">
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                         <td style=3D"padding: 0;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
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-3D-3DjTeB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
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pXfV2N3XCvh1PnVNLXI3vORSM755W8B5e4xpJfZkx5kkM-2BqpF6b0HHdumeVi-2BYy2AEhRMkA=
kWZ3EU8I6Gg2F0aKiQIBYwPs2oNHIRiy16TCS8irwWvdlGFg-2B13w9LmqTvUJN73k-2BmwN7cw=
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