Google

Edit File: 1761654300.M480857P462128.server-619288.prediksijaya.com,S=179995,W=183183

Envelope-to: most@ponjosonek.com
Delivery-date: Tue, 28 Oct 2025 19:25:00 +0700
Content-Transfer-Encoding: quoted-printable
Content-Type: text/html; charset=utf-8
Date: Tue, 28 Oct 2025 12:24:17 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
Mime-Version: 1.0
Message-ID: <Z-pP8xqaQc2mJtG5p1tjLw@geopod-ismtpd-10>
Subject: AI's dramatic reordering
To: most@ponjosonek.com

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www=
.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso=
ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office">
 <head>
  <meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Dutf-8">
  <meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge">
  <meta name=3D"viewport" content=3D"width=3Ddevice-width, initial-scale=3D=
1.0">
  <meta name=3D"x-apple-disable-message-reformatting">
  <title>PitchBook Newsletters</title><!--[if (gte mso 9)|(IE)]>
    <style type=3D"text/css">
        table {
            border-collapse: collapse;
        }

body,table tr,table td, div, a, span {
            font-family: Roboto, Arial, sans-serif !important;
        }
    </style>
    <![endif]-->
  <style>
        /* Windows Phone Viewport Fix */
        @-ms-viewport {
            width: device-width;
        }

.mobile-only {
            display: none !important;
            mso-hide: all !important;
        }

.desktop-only {
            display: table !important;
            mso-hide: none !important;
        }

.newsGroup-border-mobile {
            border-bottom: 0 !important;
        }

@media only screen and (max-width: 800px) {
            .mobile-only {
                display: table !important;
                mso-hide: none !important;
            }

.newsGroup-border-mobile {
                border-bottom: 1px solid #C3C3C3 !important;
            }

.desktop-only {
                display: none !important;
                mso-hide: all !important;
            }

.container {
                width: 100% !important;
                min-width: 280px;
            }

.content {
                padding: 0 5px;
            }

.walkthrough-image {
                width: 100% !important;
            }

.performer-title,
            .performer-content{
                font-size: 6px !important;
            }

.header-msg {
                font-size: 9px !important;
            }

.pre-header {
                padding: 10px 20px !important;
                text-align: left !important;
            }

.side-bar {
                display: none !important;
                width: 0 !important;
                max-width: 0 !important;
                height: 0 !important;
                max-height: 0 !important;
                opacity: 0 !important;
            }

.line-breaker {
                display: block !important;
            }

.responsive-img {
                width: 100% !important;
            }
        }
    </style>
 </head>
 <body style=3D"margin: 0 !important; padding: 0 !important;">
 =20
  <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp=
adding=3D"0" border=3D"0" align=3D"center">
   <tbody>
    <tr>
     <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri=
f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span =
style=3D"color: #78766f; font-size: 1px; display: none !important;"> PE pou=
rs into Keurig Dr Pepper's cup; tracking public fintech valuations; BroadOa=
k raises permanent capital </span></td>
    </tr>
   </tbody>
  </table>=20
  <style>
    @font-face {
        font-family: 'Roboto';
        font-style: normal;
        font-weight: 800;
        src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne=
wsletter/Roboto-ExtraBold.ttf') format('truetype');
    }

@font-face {
        font-family: 'Roboto';
        font-style: normal;
        font-weight: 400;
        src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news=
letter/Roboto-Regular.ttf') format('truetype');
    }

@font-face {
        font-family: 'Roboto';
        font-style: normal;
        font-weight: 300;
        src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle=
tter/Roboto-Light.ttf') format('truetype');
    }

@font-face {
        font-family: 'Roboto Serif';
        font-style: normal;
        font-weight: 500;
        src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com=
/newsletter/RobotoSerif-Medium.ttf') format('truetype');
    }

td ul {
        padding-left: 1.8em;
    }

td li {
        position: relative;
        margin-bottom: 0.5em;
    }
</style>
  <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing=
=3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo=
nt-family: Roboto, Arial, sans-serif;">
   <tbody>
    <tr>
     <td align=3D"center">=20
      <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"=
>
      =20
       <tbody>
        <tr>
         <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad=
ding-left:5px; padding-right:5px;">
          <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
           =20
           <tbody>
            <tr>
             <td>
              <table lang=3D"x-header-subscription" style=3D"min-width: 100=
%; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" =
width=3D"100%">
               <tbody>
                <tr>
                 <td class=3D"header-msg" style=3D"padding-top: 20px; paddi=
ng-bottom: 28px;
                                font-family: Roboto, Arial, sans-serif; fon=
t-size: 11px;
                                -webkit-text-size-adjust: 70%; text-size-ad=
just:70%; -ms-text-size-adjust: 70%; text-align: center;">October 28, 2025 =
&nbsp;&nbsp;|&nbsp;&nbsp;&nbsp;<a href=3D"https://url6380.news.pitchbook.co=
m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVKlkqH0Av=
mkYPBD07RakGjzaUQq3HmYPsuOjrmN-2FiVtw-3D-3DKlES_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI=
5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEz=
HUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkg=
n01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO1YBp2vk-2F1qNe3AlKYPzw9f6yFJ6xHk=
xqCH2aWE1WFTYOY17imApsekotvTFsMrH-2Fnu1bWoZbsZiVw74CsoUVaiR2Y-2FrG5FPrzWlsN=
JlFq2matISBOAURiumLz8kFUU6mIXHDl4XNRTPr3Jbd75afTzTZ4IRgze-2B-2FLP1T3gaZJ0Ib=
-2BvHI3n-2B5KsANdyHvWbyLfCBeTuac7q7tVVfAZWbaeCGg0dJTUOpsjUTZ9Zl8qs4KTh6lbbT=
bm7No9qRhCXJ6O-2Bl3KZAJBX-2BPdK-2FEK-2BZNr4-3D" target=3D"_blank" style=3D"=
text-decoration: underline; color: #1D5080">Read online</a> &nbsp;&nbsp;|&n=
bsp;&nbsp;&nbsp;<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFt=
Qh5JMynEp-2F-2B0ZsygXiW0dASWMAkXrIC3kg-2BeC0SuDoyGjKHmOSdfo63E0RLyaXhmtZcu9=
qypgyxWwak1NhA0coLyWLpIGucErQpvbIjaXQ-3Dkibh_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QB=
lEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUd=
BnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01=
AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO5l80mG7h6ZaJS1V4qFmuK3AT3t7A4G6GF4M=
S9xmI8X-2BgrUvmSltAcbOwI53ZxioCdtbhMS0wY0LBEonuDLJd8PRBUzL9rg7PEUbRwr8W2aea=
AEuN2hBoxPO3HRODW2Fp7UdMJ4gM3NKoBlj8VJuiBF63Jny982dKffg17yWg5G6bRZY4Kswn9Ty=
Z11zjTa72y-2B4PU5ftLzsHxRgfrqiH1FWWNIvAiq5YAKZco5aXnmHRAc-2FdJGlMgJmWNPpGFQ=
y8fgLdhdj3Gq4H0E3D9Tcgjo-3D" target=3D"_blank" style=3D"text-decoration: un=
derline; color: #1D5080">Manage your subscription</a></td>
                </tr>
               </tbody>
              </table></td>
            </tr> =20
            <tr>
             <td style=3D"padding-bottom: 14px; text-align: center;"><a hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzVKlkqH0AvmkYPBD07RakGjj2YEa5LTix-2B98Pjp8RZptA=
-3D-3DsHI1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZP=
tZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1=
qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1=
-2FFhOzVv7dRPCbJadLSPH5NWTT94FBMXe6ToM2Nt5sojH4B5MNLU37yWbKI3MU3Ul4u7gFbT5N=
8c-2FIumeWjJAfbqYCZhA82cT0NhFJRm8Z6oy1mCafUoRkDY1jVq4S4xfIpIReSEHv7HcESMtsW=
v6lezMd345RdiQMk5DeLF1tzIrdTGl4mZ8qLscnRMuOfoteJhpOgDaBMDcu-2FKhRfFaSUXinZy=
fLLEjha9sKhQA5QHy8Z2Vt4weQbonpfedZ4DE4h-2FXLnuZGboRRGn0Ix1hZ-2B0-2Fbg-3D" t=
arget=3D"_blank"> <img width=3D'1' height=3D'1' opacity: 0; style=3D'displa=
y:none !important; mso-hide: all;' src=3D'https://my.pitchbook.com/ms/pixel=
?userId=3D3DABLZ54MOPJL5Q&eventSource=3D3DZQDXJQ6VUBAECQE7XY5D5PSLQI&emailI=
d=3D3DYUUQHWRNIIOHU&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG625LDUYNYOD6M6Q=
HVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EPI6EYRHRSC2KEHCFHGQ6ZMZBK=
VWWKQA.gif'/><img src=3D"https://url6380.news.pitchbook.com/wf/open?upn=3Du=
001.4Qe7VL981gyAPMxYoCz8CBKmv7adpoGoGfpUfNDzw-2FIUFPDY6owZNjRg8mspgm8juuQvR=
-2FTjvQmeNIluH5sso8dJE3bOnC-2F4AOscg4OoZCGcdye4Zs-2FNTuErE3OUZjfZlX5l9y17La=
Y-2FzKyxCNXnnWyPkbD6OuK2VnOJSiYdEgPaZEbYuHKFtcAH3avFX-2BDdLOBOTUwccbESrzLnO=
7rnIWKOoI0MVEHwxyISqGUw3G4fxAJIWjVI88CCZgjEuE7apw51IhopgTKSlnL1CuuWxu0Vs-2B=
W5doq1mRQstNWyV-2F8lyYrv3hA0-2F5Yte5x-2BMGHzzuyQJa8m6V7fLLjqqsHY0Jar-2B2-2F=
6nl9SBlUgXI4comzoIcsyJYFBBKmmGdfW2ySEWO0ZXazNBmCJ6RAM4etpb-2FS56etyf-2Fcv-2=
FgdKX-2Bb-2BrTf99hBwqak5LsyDWtT8kYO-2FBIRpmUaZilcy4HOBYbqcAZPlhwiTN7PmxImGj=
GuI0Ngvd1paKIaXMKOtC7bzmvuY-2FXjwg7tec3PLl96-2BleeOxND5sG6CV5z-2FOFNRwpA-2B=
nlk-3D" alt=3D"" width=3D"1" height=3D"1" border=3D"0" style=3D"height:1px =
!important;width:1px !important;border-width:0 !important;margin-top:0 !imp=
ortant;margin-bottom:0 !important;margin-right:0 !important;margin-left:0 !=
important;padding-top:0 !important;padding-bottom:0 !important;padding-righ=
t:0 !important;padding-left:0 !important;"/><img width=3D"141" height=3D"39=
" src=3D"https://fonts.pitchbook.com/newsletter/pitchbook_morningstar_logo.=
png" alt=3D"PitchBook"> </a></td>
            </tr>
            <tr>
             <td style=3D"text-align: center; font-family: Roboto Serif, Ge=
orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa=
n></td>
            </tr>
            <tr>
             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>VC, =
PE and M&amp;A</span></td>
            </tr>
            <tr>
             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 14px; padding-top: 11px; padding-bottom: 38px"><span>=
Your edge on global private capital markets</span></td>
            </tr>
           </tbody>
          </table></td>
        </tr>
        <tr>
         <td>
          <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor=
der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im=
portant;">
           <tbody>
            <tr>
             =20
             <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma=
x-width: 460px; padding-left:5px; padding-right:5px;">
              <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"=
0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"=
>
               <tbody>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVKlkqH0AvmkYPBD07RakGjqpB2GNLCq0yxL-2FJnp7ntuA-3D-3Dn=
Tuw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4A=
MReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5=
uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly=
0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO-=
2BWXxxHAm0glCrOnGqPmXCfAbMpPx9waVoTXJFkCAYy4ULmjwKLWYcbe83YqPEgLXHGcleQ4R-2=
BLHhImslesQtIGnWM3E-2BYBAOVEyxkwhS2Ijl6mMPBp5LSw7RoZwRyXGrQRY6FlgwHMhkZkHUy=
tEvwcInYdRL8CeAHGqacVVSs3-2FaO16NBwsdZ14-2BJvvGYNM-2BNqi2-2Fj4LyEB1faY8Xb2M=
t3m02-2BmLwcSoVWOtQ45KaOodMFMG8-2F2HYLUolB2k-2Fg2ipzGYbvHIkvSlZoSfjsjYRY-3D=
"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4351/SVBbanner.=
jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display: =
block;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Goo=
d morning.</b> In today's Daily Pitch, we look at the dramatic flow of stat=
e-backed capital into AI, the impending split of Keurig Dr Pepper and <a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVKlkqH0AvmkYPBD07RakGj-2B-2BfW3BsXukRuEiX=
aXc8-2Fhg-3D-3D84V4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhq=
u3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhr=
FRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZ=
xnonj8fb1-2FFhOwDBxo-2Ff-2FimPLvHLhRTE9PRLaB9lHkMzH3bnBcRxZhANDv3RItLNzkzoi=
58HyGrPEb7tlblcY7OHcg32Ifz7BeAmMhZKHE3SfxYku-2FrKLa1bKeq5GoCq0fIrjyXiUAIRAd=
zvXCJgREpqLAJxxqY4YR26vXLMYSne6gateOeMm61s4V-2BjWUARHeTu0qPKmmbBBATQR8jzsed=
ex-2FGzskSLHFLbJ7i5tAl70LMN8-2B77Ne8qYeREuQX-2Fw-2FNpnI1qIJHkiKxdJXLBvRMojh=
FsV4UcMG4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>one=
 firm's answer</b></a> to the consolidation of healthcare specialist funds.=
</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i><b>=
<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVKlkqH0AvmkYPBD07RakGjl0IfdHUAEelpx5wPPL=
Ed1g-3D-3D8iXY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOq=
kwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyj=
Xae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj=
8fb1-2FFhO9AjwI-2F-2FFOBKByL6qSrqxaW027OsQMn04Z68IgLQ-2FjlHT8qKdiL7PCe9b8u9=
jzlyRUpQ9o8n65CPDAhhADkMrFAs-2BxeDfPI4AJHTLEnZ92JAM-2BeACnUEquVR722Jz2KV9V-=
2FtJCn0lHNQ9I5VF-2FIuWsPvIv3nx47KuArrdxO51-2FL5-2Byb01rImBkPtIHjg7I-2FTisiD=
OX9GycL9znfyuKQKLUqEaN-2B3tGwbGjrVxhV6oBbUm0q6cFklxo9RbXoDA5qDeCxB5mQma5CFH=
7PhBD9Gwe4-3D" style=3D"color: #1D5080;" test=3D"">Sign up for The Credit P=
itch</a></b> for weekly news and analysis of the US leveraged loan and priv=
ate credit markets.</i></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%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574059" id=3D"n_574059" 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;"> US gets most benefits from sov=
ereign wealth funds' AI investments </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 =
Jacob Robbins, Technology Reporter</i><br><br>
                               Sovereign wealth funds are investing unprece=
dented levels of capital in AI companies worldwide, with over 90% of fundin=
g with their participation going to US startups, according to our latest an=
alyst note.<br><br>
                               This flow of capital is a "dramatic reorderi=
ng" with implications beyond capital flowing into the venture ecosystem, sa=
id Dimitri Zabelin, a senior AI analyst at PitchBook and the author of the =
research, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVKlkqH0AvmkYPBD07RakGjXePo=
v2fCUMTkSySbjRvMAw-3D-3DRHUv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4Ap=
RDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIy=
Lil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2=
FP-2FY9kZxnonj8fb1-2FFhOz-2BbsXVHjVAzRW5zremLaV7fxAf0l5-2BT89b2IMntFEU6EX5G=
KWSyATj0pBk6lcpz17aWqnTOkhHWMNEovZw-2BKkLqm-2FUhF7U2ZuphcRcXzlo60vLTR9vFejc=
RIp2aiFB5W8CX5S42RP180A7wQwe6ZBRu3qYDr1C-2FYADB06zCkIbI9nc8vFuOrQ-2Beffxwjn=
GKC0qg660mKH9ztJMiYz7nfeYyP-2BYG3Q-2BFp3tcfqULgm-2FUvbjq5Qb-2BJbpUu8LOhjVHp=
2H6OMcT-2FHIEu7rI9FkuVCc-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true"><b>Sovereign AI: The Trillion-Dollar Frontier</b></a>.<br><br>
                               "When it comes to AI, the US is leading in s=
oftware and hardware," Zabelin said. "The US is setting the policy standard=
, telling countries like China you can't have access to X, Y and Z. Whoever=
 sets the standard, that's who gets the most attention."<br><br>
                               From January through August, sovereign wealt=
h funds participated in AI venture deals worth $46.4 billion overall, with =
$43.3 billion (over 93%) of this funding going to US startups, according to=
 PitchBook data.<br><br>
                               The sheer volume of capital has also dramati=
cally increased, with sovereign wealth vehicles participating in total fund=
ing for US AI startups that's nearly twice as much as last year.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZhAa70OZeG=
oC01I-2BvcMXFXg-3D-3Dup_a_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDM=
BCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil=
0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-=
2FY9kZxnonj8fb1-2FFhO6T48nIG6-2FPxbzHg-2BuewDpUAnG8OAmEQG2Ei2AIeZP72t1e64t7=
F5kuJBIGAI0FFc5Yi1zTBxIz3fVON8TGzc8wWirdmyNQlK1jZ3Y2p13N6qRl1XDNwB7Kg34Epzp=
hpR8hpabk5cOta0I8nzW277ykIIrc34S9yvnplyzHPIY0uHHPYezSHKMuyg6PiQlQ-2FusA2-2F=
DvgSLpR0ZEnNwwTJzNh1sYXYK7R6Xc4TkwoAx0Xv1mTaULKQAB-2BeQFD1TwPpFEP-2FM29AJ29=
kl4rf5ON-2F0Q-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D=
"https://img.pitchbook.com/news/71095.png" style=3D"border: none; max-width=
: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">"What =
you're seeing is another faucet of capital turn, and all the money pours ou=
t, being driven by a sense of urgency to not fall behind technologically," =
Zabelin said.<br><br>
                               This is particularly true for Middle Eastern=
 countries, which are being driven by economic necessity, he added.<br><br>
                               "It's all part of a diversification strategy=
, but also it's part of a financial return strategy as well," he said. "The=
y see tremendous value in AI and how it can be leveraged for them."<br><br>
                               Just last week, AI data center startup Cruso=
e announced a new $1.4 billion funding round at a $10 billion valuation led=
 by Mubadala Capital, an Abu Dhabi-based sovereign wealth fund. The soverei=
gn wealth vehicles of Oman and Qatar both invested in xAI's $6.6 Series C i=
n December.<br><br>
                               "There's this broader global shift of having=
 the public sector being involved in private market activity," Zabelin said=
. "Really, at its core, though, it's the latest and biggest change in globa=
l capitalism because of the heavy state involvement."</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-btn">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZhAa70OZeGoC01I-2BvcMXFXg-3D-3=
DnWpF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm=
4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrub=
i5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0=
Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFh=
O29jmFucQCshPtXx3M8440tAl3oAtXqhLx1wvdx0i8b-2FAxEu8j1ssQJoDotT1uFz2B6NWkXHQ=
GAqan-2B86VF-2BKBslS0zgErxou-2FyB-2BCe15yJwgwvTIdJIy62a0a0r7FngShIqTPIGXnIE=
MbBkyCKyz03-2BTHPgtXortAFu6ntTrGU1hmAw0bV48MsxIcfRTf-2FKE5qQ1BjlhcbqVbh-2F3=
WJKEcmaqA5j-2B-2BTRmsYiPETGCW7BZr4qcHRMRGN-2FLN7iWysjDWFlm37cViGtzJJWALLsPX=
c-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; tex=
t-decoration: none; color: black; padding-left: 3px" target=3D"_blank" univ=
ersal=3D"true">See what else our analyst discovered=E2=80=AF<img height=3D"=
24" src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D=
"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6=
pLODZZOza0pk0nCWyDZlKK5OVsw-3D-3D7LKN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF=
Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4=
NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-=
2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6Mr=
PKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO8OuzZeKKwow39IMdDzFv1FNNIoEOzJTKbenjX7seJe=
nGRD1rCVMftFgGNe7WsAEHs7nKdi55FZJMbnCbcxbsHjtAc9jYVwgF43ZB6O0fkEDGiDBkyHg4z=
Y-2BmmXtVu0gOIOmSAQN78ok-2Bcdaj33wZuqlHXYMWnteaHgMgHEOP5qxy-2B1bzMwBJd1tk7L=
20t5O6YluC7V5eELRkRiVFHFp1FohIKLpeG8oCyRyadLtfncyoZ1RZl7Be01cv8EdDaDwpfIWei=
EI4NNe5J1OVS8-2BDzU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">As nations battle for AI dominance, state-backed funds pile $60B into s=
tartups</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>A message from Grant Thornton Stax</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: 10px 20px 14px 20px;"> <a na=
me=3D"n_573878" id=3D"n_573878" 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;"> Changing the game: Emerging in=
vestment opportunities in youth sports </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"right">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"float: none;
 padding-left: 15px; ">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"text-align: righ=
t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZ0zry2-2FI1APUSx=
LqVZdbkYA-3D-3DnhSO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhq=
u3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhr=
FRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZ=
xnonj8fb1-2FFhO56xo2JPSyukmJ2u2w1Sct5E-2BykEzlJKdLKiEpOmhe6KGk62BGPZ8o4wehG=
719ePIS9jeNBC23GfS6WL1Lmh4-2FGOZSskpvkZ9ZahmDjlotAJjaKERdTqrzi-2FNwJlQQC1O6=
TnI8ZbvisT1nSl-2BjuZZXY2cwT9sNO7vmGjB8v-2FtN17QW4-2FjwgBPG3hVJgTrlWxU-2BIRH=
6q6VJPFDlIheETkK-2FvmsBXdhE5Tqxq0kjRdUeRbht5XmJjPDrW5N1Ix6qdE-2Fdk0TYITAxpg=
-2Bc28QK4cfss-3D"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchb=
ook.com/news/70987.png" style=3D"border: none; max-width: 420px;">  </a></t=
d>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>A combination of professionalization =
and digital transformation is creating powerful new revenue streams within =
youth sports. More families are beginning to view spending on youth sports =
as an essential investment to advance their children=E2=80=99s experience, =
while software companies are striving to standardize the ecosystem for athl=
etes and introduce more complex monetization.<br><br>
                               For investors, this evolution represents not=
 just a maturing market, but a chance to back the infrastructure that will =
power the future of youth athletics. Companies and investors such as DICK=
=E2=80=99S Sporting Goods are providing significant capital in an effort to=
 help define the infrastructure of the next generation of sports.<br><br><a=
 href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZ0zry2-2FI1APUSxLqVZd=
bkYA-3D-3DSLJO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOq=
kwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyj=
Xae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj=
8fb1-2FFhO6iklWPT3URfyt6zalvNAhIleGTSLnzUq2OBY1mdDYdcLDUsDM5QzfN5DlTZXZZMOF=
H9cJ91T1LA6Jjz-2BXG-2BuepwFCKwas9LBnR6zrRHKQKv1fziykLNrWbXTIohjRGYCwdGeVXx4=
c1ZMc-2FJE133eHTXEmoT03sxWoFCC8HXRTnLmynlhCMF6ycQLb4zhrLkI7-2BBi1OO62L4WoaN=
aQRc5bkerS5FF3E4J-2FkuKw5Gjyh-2B9-2FE3RX-2FqE0uk39yVY-2BlAqNsaLRSObvqGJV3En=
9nLp5o-3D" style=3D"color: #1D5080;" test=3D"">Read how capital investment =
is reshaping youth sports</a> into a structured, high-growth industry.</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>Catch Up Quick</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">=E2=80=
=A2 <b>BroadOak Capital Partners</b> has collected $200 million in permanen=
t capital, which will enable the life sciences manager to invest without th=
e constraints imposed by the closed-end fundraising cycle. <a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzVKlkqH0AvmkYPBD07RakGj-2B-2BfW3BsXukRuEiXaXc8-2Fhg-3=
D-3DHEnA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz=
sFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZ=
rubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE=
3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2=
FFhOzcYnij22J7IGsoNt-2BuaF-2FehvUPGSFDS9u-2BYNRxsM3IZs-2BdtVRLG1ynt9kFskcRH=
l77Tvqhs1mt-2B-2Fm8iehnGyiHRpwAURrBagLgzMlDztO9ezulKgkhXEjlbceLzG0W6uwabIdK=
9f27B9DdFkrUuXl8psyl5Vdgq0-2Bunfh8CbP8XlIruKmAj6Ag1n7f6ibf1cFcGN7PdQCqur0hp=
VNuU77bu2JIR78s2SjjOChB3GIsNCOVtb1W7znp2Fe8cYQTIuiaQJooq-2FOwWMJLDPa598LY-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b><=
/a><br><br>
                               =E2=80=A2 <b>Just out: Our Q3 valuations dat=
a for public companies</b> in the fintech and payments sector. <a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZO8hPwk2Y76KB0X526yZOpg-3D-=
3D0Dux_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
m4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZru=
bi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P=
0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FF=
hO24El-2Bfjpu1Gggtfk-2BBTcGxfFoA3A3OJKnMj9qGVMfWJX6brFPyASxpjr9JOMSkY2f6vqK=
6A4KGlR24S3XBJe046uRzcd1mi3CclQH6ZeJiqdwcpK8GfCRs-2BHLADPU4zsTCPmiYXKWEtusa=
mSgQ1aGdRB1A-2BX0CAMWuGbpepaX1AA5tYLlbn9Vc1m-2FICqiOWxh3iH5ljwH2T4XNcMnByAH=
tKuCNdlPBd7l9u7-2BgUGu3owlFyhon6MRxEJVs60YLm3yasfXhQox9gnoucZKmQhMg-3D" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Get our analysts' re=
port today</b></a><br><br>
                               =E2=80=A2 <b>CVC Capital Partners</b> is sel=
ling a majority stake in German betting group Tipico to France=E2=80=99s Ba=
nijay Group at a valuation of =E2=82=AC4.6 billion (about $5.4 billion). Th=
e deal reflects improving European exit conditions and CVC=E2=80=99s ongoin=
g focus on sports, media and gaming. <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zWX7R9gRBiSDVOqiR6pLODZWeLQB3Meg9fMc8vsV-2Fcpsw-3D-3DwtQu_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJ=
haPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8=
lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9Jwmu=
iR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOwvSY3SsDcOJslR-2BLw0Yh=
Jz65KABu6YZA3v2ONxEIU9swEceFo4Tn7M1S3jIif7mXDV3cdI2QAPXU8aMSDYWG6eMY-2BnPwI=
84aQP3Mt3WbTbiIL5S8M62QLiFEIRR02fNDjoAXDI8yYULHzOgyxrF-2BAnFYBKmByn9q9xJSBz=
LQ69yEEMJOeffRImjJ5PYzCYs4fDAkJ1E72hF68MbmBxbGY98QsurMBgdzlLdbParXfZxRLWiaC=
OolWxldDsFSTS-2FlMCTyM-2BxYdo0eTJPVze0M-2B8-3D" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true"><b>Read more</b></a></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&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_574064" id=3D"n_574064" 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;"> KKR, Apollo finance Keurig Dr =
Pepper's split </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Jessica Hamlin, Senior Funds Columnist</i><br><br>
                               The company that owns coffee maker Keurig, D=
r Pepper, and a host of America's favorite drinks is splitting in two, with=
 help from private capital titans. The deal draws a line under a period of =
uncertainty for Nasdaq-listed Keurig Dr Pepper, after an acquisition announ=
cement over the summer tanked its share price and drew the attention of act=
ivist investor Starboard Value.<br><br>
                               KKR and Apollo Global Management are set to =
co-lead a $7 billion debt investment in KDP to help finance its pending $18=
 billion acquisition of JDE Peet's, a Dutch coffee and tea maker, which was=
 first announced in August. KDP will eventually split its beverage and coff=
ee businesses into two publicly traded companies, effectively unwinding the=
 2018 merger between Keurig and beverage producer Dr Pepper.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZRTZlx-2Ba=
17GSWAoSnpS3EOg-3D-3DgiMK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDM=
BCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil=
0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-=
2FY9kZxnonj8fb1-2FFhO8cj7J2jb33raC0dloAVnvJBhF5kTbAlsMIY00hUNWOznqnt4YbHNXK=
W6U-2BvaRdAvnCIDqSaz0mytz7djGXetlTMJupY-2FoxIH4dVtl62OKMiq54M2kvABgfUa8Acgy=
EWcocfTOitC-2F0KYcVRFecz6JOr9Zede0YkUK6YyssBKlwTgQB-2Byd7C5UouXi7Aff7-2BOkt=
K1PvrYQLQ3n3IyYXaphbr0XOq1lBucBewvCWoNMF9tYIxHAFmocJSCP19GvfA8j-2FJW-2FOV9Y=
DTSL-2BpQ3plNRQ-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=
=3D"https://img.pitchbook.com/news/71101.png" style=3D"border: none; max-wi=
dth: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">The co=
ffee portion of KDP has been a drag on the company's overall performance ov=
er the past few years due to shrinking sales, as the cost of coffee beans i=
ncreased and purchases of its K-Cup pod declined. Net sales for the company=
's US coffee business declined 5.4% in 2023 and 2.6% in 2024.<br><br>
                               During the same period, sales of KDP's US re=
freshment beverages business, including brands such as Dr Pepper, Polar, Ev=
ian and Vita C, grew by 9.1% and 10.3%.<br><br>
                               The Aug. 25 announcement of KDP's tender off=
er for JDE Peet shook the confidence of investors, who were concerned about=
 the company increasing its exposure to the coffee market and the debt bein=
g proposed for use in the transaction.<br><br>
                               KDP said it would fund the transaction with =
a combination of senior unsecured and junior subordinated debt and cash, wh=
ich would bring its projected net debt to $38 billion. On the day the deal =
was announced, shares of KDP were down 11% at market close.<br><br>
                               Apollo and KKR will act as a "white knight" =
in the deal announced Monday, with the joint capital injection alleviating =
activist investor concerns by bringing KDP's leverage down to $31 billion.<=
br><br>
                               The company's stock jumped more than 7.6% Mo=
nday, as of market close.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-btn">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"height: 36px; b=
order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZRTZlx-2Ba17GSWAoSnpS3EOg-3D-3=
DBMH0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm=
4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrub=
i5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0=
Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFh=
O2drgnvd3hGkI-2FLTrqfNkSalEujZZ-2FMTQpcnRNsdhbwvdmOJCwyhd6KaEBsKQ5hTIBjYLdW=
hbR6MK5eD4jLDMjn2aeAA5sKght46cQ3YVYZCYVDwk2pFUOWEtkKx5bYavjjp6YsN1a8AjHwili=
ZSR-2B2ee1zERv3Mu-2FHnizyZLeLnIwBjD0nH9u32hxzW2kN4i1ad2KBjBiL9ujy6odW2zsOl2=
S5tqWbNDURwHC3OU3GAPlGjCZBH2Drj19DfAJ4l2jQ43787-2FAoc7IOKsdAdGeo-3D" style=
=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-decoratio=
n: none; color: black; padding-left: 3px" target=3D"_blank" universal=3D"tr=
ue">Share this article<img height=3D"24" src=3D"https://fonts.pitchbook.com=
/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-left: =
8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOq=
iR6pLODZ0XOKM488-2B15-2FovEp6MNCQA-3D-3DZ15R_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QB=
lEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUd=
BnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01=
AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO1VX-2F0QtdssctQU3AE8NILI-2BVL-2FKER=
S7EWTC3T1WmMM7I1Ai1rgrVnHecGGnEqI-2BZBUX5i-2BaN6yqQpA1n00XyILbJE9nRdkHY18EL=
5Rvt2-2FUKnO8WTKMbmH5j-2F38jPg9SCoOs5syHk5KC-2FJv6BcwBeDqGmI3hS4tJEghBE4aTD=
GOdFxlRcX5ykVSddjUTnN6ZWNCcAEYfVB1hSqkmAtjm0LVtQ-2BAmiGw8MWRXLn7Yp7nsoquOyn=
9vRPQl-2B0tz71vgWidrZmWeskWJoFjR5Rkxok-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Q2 2025 Food &amp; Beverage CPG Report</a></b></td=
>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>The US is funneling more money =
into the domestic rare earth minerals industry.</b> Both private investors =
and government agencies are investing in the sector as the US tries to buil=
d a manufacturing landscape that is less reliant on China. [<a href=3D"http=
s://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZS3rEn2r5jbwyorvbSlQHNA-3D-3DIuUa_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReT=
TslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv=
53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1i=
sqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOykdj-=
2FdaXdOUrZhmd8acMsWXDrs0jXQvhhProYmZbTS9Zdkznu-2Fl7b9McuH8WgcXZzxk4yqKHQXk0=
a-2FtoL-2B6HvRadtF31-2BjYqYQEXZO-2Br6dzeGw6A2ECwj7hrp-2Bkh3S3OA9dAibM99gVoR=
foFP3luZ06OF0epFhR8SQmm6AKAlAKhbycQ2GGMT-2FYT5A6wjfxahQkW4cEK-2FnFYBTQtf3wB=
NHNl8DYLLIlEU9lz0r1YnqF3bOlbp-2Brtjf8BAf5CeMWln-2F4TmUN-2FJWECEqW-2FEfKtRY-=
3D" style=3D"color: #1D5080;" test=3D"">The Wall Street Journal</a>]<br><br=
>
                               =E2=80=A2 <b>Governance of crypto is causing=
 a dilemma.</b> With the borderless, flexible nature of crypto assets, how =
does the US plan to regulate those participating in these markets? [<a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZXbeCKwNuld6axMJTJIghhw-3D=
-3DgcDU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
Fm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZr=
ubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3=
P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2F=
FhOy9BMjL6PEtLv5syDdmeamHFNADE1PLVLWlowrUyZzLs7SO54wsk4ZS53yFLpK-2FUSbicrjT=
iBOzJcPuQxBJtcASoIzkP3dy1UBhVvOHD4aM6-2FsE5boLd9BUPxAQkKivviMZa25sn0emPV6DN=
TuE-2FtccnKs4phIwGhFTyD9DMhHl3TPM45W7-2BsqlyyMONBZ0pNEB-2BKLBquCit6NZKF0n7D=
wazYhqHNDM0j6-2Fm8C6O-2FqlxmQKanOZRL17OgNqb7DgKXBXECUh2UOTjxXEUydmEI6E-3D" =
style=3D"color: #1D5080;" test=3D"">Financial Times</a>]<br><br>
                               =E2=80=A2 <b>Despite high accident rates now=
, autonomous cars could be 10x safer than human drivers in the near future.=
</b> China-based WeRide's CEO is confident that today's self-driving accide=
nt rates are just a part of any technology's evolutionary process. [<a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWX7R9gRBiSDVOqiR6pLODZVCMqdjq5jWB7yYl-2BNuJTqQ-=
3D-3D23uv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPt=
Zrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1q=
E3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-=
2FFhO4z-2FMbyo-2B82-2FNOT4tjPHYBK9g9v1hZrV5Ai5oXgqRL01LEu8sOHYx2ExWO89oliBQ=
Wcpi-2BzPqheF-2BTfXCA-2Bh5tsRP1Vj6861UIrGgCjfbtsLKR12w3cL6yp3oRgVhmgIk4Oemk=
daikFaANZUFmYCAboxX-2FrxjJdFKrL49-2Fm5kTe-2BFKs-2BC2vO8j8ApLiywL7jvkdnoq0wu=
VjLhXU1kZJgnww9aqHkUfNL87-2FjedH974ff0aOxoo-2BRB0hFtWYb-2BCyoVNQjR5pIiIWIxR=
aYEApzxMg-3D" style=3D"color: #1D5080;" test=3D"">Fortune</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVX0AKTDxORKax-2BU6RGCCX0vEfay23kwDhLYfpEOiaAXw-3D-3DY=
WeH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4A=
MReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5=
uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly=
0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOw=
A0N3E-2FWMJkCblLZnb0E5hPD0NKyjWxI1DcltZfDsffLFf-2B4nQHhmdREf6Af7DN86Jw2HUn9=
kb-2B7Qp5PKT5USjtOFlZ2xjPZM0xwwqFqMz6vhxqioX-2BOKF8GPkZ9yZj5KTnL7fZnggL4OMI=
LSan6E6NYvBDZVPKmmLBs1FGTqYLTdk-2BiO4tH19IpaTPAYUq8rHmRAICBFbt6zIMiAWzC-2Fc=
VNFWWynpuSb5N4h-2FvcWyGF27xIMoL1VAvtfz-2FSNso43z9VQ9WGc0hZq89axSBd-2F0-3D">=
<img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4320/Monroecap.jp=
g" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display: bl=
ock;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 24%=
; min-width: 24%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              725
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Deals
                              </div></td>
                             <td style=3D"display: inline-block; min-width:=
 24%;
                                                    width: 24%; text-align:=
 center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              2241
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              People
                              </div></td>
                             <td style=3D"display: inline-block; width: 24%=
;
                                                    min-width: 24%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              971
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Companies
                              </div></td>
                             <td style=3D"display: inline-block; width: 23%=
;
                                                    min-width: 23%; text-al=
ign: center; float: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              24
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Funds
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding: 0 133px=
 13.3px 133px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVX0AKTDxORKax-2BU6RGCCX06y1yHlW1EjddZYxKYnGsrw-3D-3D1=
74H_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4A=
MReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5=
uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly=
0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO7=
BI-2FtG1gM9puycVgqDfF2pY74HB3RcjPcuLg6GZ-2BjsAujlfa7zSJE4iAM5JEod6erv85GfPp=
oGmh6Q-2BxZo-2B7T81f25EeKmIup9X7T6lf4PVgmQdfIQ-2BXADOZlW9UxMhLX4AXU5tuce41f=
XOnmNuLEta0-2B5di8rgWwwqRFoSq9sscja1mQloYNjH-2BnGgkDXdWkeuKnwavf3bxBs1Hovc6=
NcFac8VNPmFEaAw1oLVq4dzgCpLIzORnTCzlHjDpmToWYmUHQTzSz-2FRER2B-2Fb59qNY-3D" =
target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;"> Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574063" id=3D"n_574063" 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: 2018 Vint=
age Global VC 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: 57.399103139013455%; m=
in-width: 57.399103139013455%; max-width: 57.399103139013455%; background-c=
olor: #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">12.80%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">22.30%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout=
: fixed;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td align=3D"center" valign=3D"middle">
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27=
px; padding-top: 5px; padding-bottom: 5px; float: none;">
                              0.17x
                              </div>
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; color: #000000; font-size: 16px; font-weight: 24px; padding: 0 0 3=
0px 0; float: none;">
                              Median DPI
                              </div></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co=
lor: #000000; min-width: 100%;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 0 10px 0 =
5px; line-height: 24px; font-size: 14px; font-weight: 700;
 font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe=
rs</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzVX0AKTDxORKax-2BU6RGCCX0jSAA6LGQ0tF42F9Y6GGW4Q-3D-3DL97-_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2=
FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJU=
Kxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9=
JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO5lZrabrU2XJfe46CiK=
ls6cpDrc4Gfi2LC9fewr6k-2FFKnIF6-2B8weRs-2Fajto-2BUoFDLWMou9RcEjivVAGVIZB4qz=
eESiZPRo5bUvRlTs3bNm7811j-2F7ReBfGQmP6m8u7fCElxWla9hs-2FIdpseEG8IMQDHLRre-2=
FsrePUYdmpCL0F-2BslUOnix2YzgZLPteFIUzzC5jGDyI7-2Betl8h60MOD-2FlNiYZbO76-2B8=
QdMvO5s35RKSKNZAhSPhbls5E3RbNwQcXH-2B9Xwj8-2BAEl0RP9qeGazv0iI-3D" style=3D"=
font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Int=
er-Atlantic Ivy </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=
swouzVX0AKTDxORKax-2BU6RGCCX07ns6dZR2SBXFvo5fu52DBA-3D-3DpFkF_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2=
FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJU=
Kxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9=
JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO0czMGdRaiI9TUjg4fU=
GbI3rScErP8BVIBBZDcRROv5rMjrQ54IW1fvAALBNfZehWXnfoUhBpxejz-2FrqOI7s6HefZyIH=
ogeckC5HTKEOR-2FKeecC-2FXx9-2BXEn-2Fm1U7gbgMX4mzy08EE2KQRM7es8xPC06rHuY1rlC=
8-2F7t23LWyB96CZrtLMrlEg7RLJcmoT0K-2FAQdDgf6bifXk9QHmVlEYl2-2BJ3i5ujEPPulP2=
abfti9K7hRzqFHGaUnkpaFMkfu37HaqEB-2Fw9ejKMGWPtof8-2BTDk-3D" style=3D"font-s=
ize: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">BioStar V=
entures III-XF </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=
swouzVX0AKTDxORKax-2BU6RGCCX0aW2kD2p80-2B9N7KfXqqxEVw-3D-3D-qGw_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb=
-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkV=
JUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJ=
W9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO5nIQrTgWL-2BcxU8=
uWRroFIIpw33QejQg-2BbNrG28LX49-2BKtHvvL9tU6z4TphntoJLJlU899kOZBNManTzQa-2BQ=
a-2FcTeQ27n0rl41jivo0DDZwRADfNqCkE0qFhYz-2BteaMEtQo65Ld5a9jLDLJ2apoEsdsRcsW=
MNCZoGbzXxjcA0Qbs3bKK0Jav7M7h-2F5pIs2Jhhevr82KFHIL90NS1CFFHOK3YAm06YzQvHDIN=
-2BSdBYPlWfy8p5hqgn9AeM-2FYCYSQtfWxoNNTU6EYsw5t5c4AmdoQ-3D" style=3D"font-s=
ize: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">gumi Cryp=
tos Capital Fund I </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-2BaqM7ONnvsnswouzVX0AKTDxORKax-2BU6RGCCX0CrZM=
rdtD2SraCgjMLNf4nQ-3D-3D77LN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4Ap=
RDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIy=
Lil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2=
FP-2FY9kZxnonj8fb1-2FFhO1TYMoX8nBFwNPQSrvbiVCTEV23Hiu4z7p37-2BuYplZJuUDLGLg=
29-2BCYXDkb5QX5BpmMm9D49IxazI-2Bwcinj87AYiTrUpmygS3DUZ3MMcIK-2BnhceE3mtkcG-=
2FlkihxY9lLf4SptAJTUd-2FU1vV44clilVibo1saF0toyezYWnL3QHifhFKORzDnq88oT4jTcV=
0qwUxuOUpbDizG34DH2oeUlbnle9LpDxtcuqO7GfR3AuHXoHGTs83s8jmDPDVPo6DQbR5ChvhzF=
pMmEHqBPuPfcUM-3D" style=3D"font-family: Roboto, Arial, sans-serif; color: =
#1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" universal=
=3D"true">76 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-2BaqM7ONnvsnswouzVX0AKTD=
xORKax-2BU6RGCCX0tucTTJceLIVEyHGmAHWCqg-3D-3D9EMf_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4z=
BI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2F=
EzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3g=
kgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO5Qh5KA8TslJbFOu9YPBm-2BHCpdk67=
KBbgbaCXQomcD6x66RokkerQNFKyPxfKZBysG4jeeIRidMk3EKKMKGtSlhLVUv-2BeBmFwyVa-2=
F847a2-2Fp6wDvXYL0z4Md6O5POZjY8lcwH8hdjE4DVpH4tBJ1fR4juUezqgRBpHL-2F1Dez5lM=
0br-2BrKFZ8JspwwZclUL4uWa5KNYuHmJdDtFIwgo8OJsakcYiKPWF9wPRZD6SaaRj05Z7xtMq9=
2pUcztIzAeHINx1xu-2Br7mlCTYItzPYc9vCM-3D" style=3D"color: #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>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">San Fr=
ancisco-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVX0AKTDxORKax-2BU6R=
GCCX0nidpaPMDsxLNAdohO51Cxg-3D-3DScmn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF=
Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4=
NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-=
2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6Mr=
PKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOwpXf29Jgl3inHqPzT4m6eSwPBBIH2gU9JBRMUPMzCT=
bnabdPLVMWaLojbEU2kXi0x7w-2FFmC3ARMDz5CVQyHTXuceSlidxL3M78mS15KxVMFicV8hYU9=
MhHfafeeFcTTR2PQq8kLI25m4CBMalBMvjSlMWLREPjCktJAaRip-2BHHwV9EUdCQQU2tmgtCIf=
OtCi5RA-2FXyJVRED1pMfq6RCscww4pwtWOzRg4w0-2Bp2bURuUd4qORPUXSy9REqYqRab4-2Ft=
GcvuSPYDiFadQdSvmVcos-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Mercor</a></b>, a startup connecting companies with contractors to tr=
ain AI models, raised a $350 million Series C led by <a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzVX0AKTDxORKax-2BU6RGCCX0t-2BDstd8sVwpmE4zbRDNItA-3D-3DwotX=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMRe=
TTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiF=
v53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1=
isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO11xu=
x0Tnc2SoVKQJD-2FiJ9ByFVvuqn3ZU7Uqca-2BaavLoZjK-2F0xXGBHPOfCbO-2FS4ZHHa9Bi91=
IsyP3HH-2F1UhYoPiUhIFt6R-2BgVIeo8UDuREK7HnwpdK6HGhlzXJA7scCxl2UvBxBgF-2B72f=
wm-2FLijg8c3HOfJynmviBQ5CCAxqE12uIJ3OjTlmq8LVdvhY4hfN2YYs-2BExTCQ6B9RehmshQ=
H47cvVpqv4oE02QfS5-2BNQZYgCXLFm0pwjTqmh2hiZGZGwCvopMF7e-2BGN9bv8cYUoNGA-3D"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">Felicis</a> at a $1=
0 billion valuation.<br><br>
                               Copenhagen-based biotech startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVX0AKTDxORKax-2BU6RGCCX0AG7mEvGmCVhphWqZISr=
32A-3D-3DF8Lc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqk=
wZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjX=
ae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8=
fb1-2FFhO-2BNodc4moB6XtXWso0l5FGq6VbJXY4G4tneFXVvfL0A1xWJ6yP4RhZig5pKqWciAQ=
XiNfHQaSa9-2FyLGWj9ma9K7XtCyxGJLwufggJBnfPHf0Z6g6PZukl1SNC8FsSXNu-2BYtPaJez=
swp9eKFeoxk5VSZbyt3WfmwjnuWMgKAf6eRDvh1zR3OhmuicHH8LErilql5slOkjNYzEupSu1g-=
2Bg43HJkXsSE-2FH45oYwTrDICTo-2FgAGyiQw-2FB7GJBITz30a18TVrE6vONtGwXVDXoDZ6CA=
E-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Hemab Therapeu=
tics</a></b> raised a $157 million Series C led by <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUkUHVQ29Guq-2FOWaTYAq6Fq1ReX7DufrG4FOrzyvSlTCg-3D-3Dj6ML_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTsl=
OtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53j=
rZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqb=
GRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO1xxfh2AA=
cza7L5uX2fTI9XWC5bHDUxdYU-2B4-2BMCEDMwG8rCXXeoFFTMuP7dbhCtrfc6xeDoId7Lc3zso=
L2ncChiCEpRKIva-2FCd392YNP0OdMBUv-2BqsghKL9mrbmiQtDuOHuzM0K0-2Bq4aJIRxkeyC4=
EQRVj3cxLVf0AbbhVm79CQkN-2F6H9U2pr4OH1rCnYjh7eIzE-2FXRD01qx0eqbRhyVZO9O58eC=
5yIFgSvdrx6C-2B-2FXPS8dAM9HWTGElkh0cSjpC9GXsFQHesgz-2FLA1riggKmu0-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Sofinnova Partners</a>.<b=
r><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkUHVQ29Guq-2FOWaTYAq6Fq-2F=
dOH07JgS-2BtqVUB-2BXqsrDA-3D-3DoZsT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NG=
viwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2B=
LnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPK=
l8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO-2FkzrGvsAJSeXmPmYIe79dltvMJOGQZ8w3vt5qXytf-=
2FE1aMWTNkbHUuYj2bYOEiTDB4fNuKuNrX6iHJvBZXSmWgfg-2FpMlNX1od5-2FHSsff-2BBoSF=
tVNRmMdC7XHdu37e2Ffge34sbqpAI3-2BIdBJOS81kY9DcxYO0Bb4wFirz6bl9Ax2vPyVtKuCU6=
tIMckKiaeUJWdJBQQVTMMVb6B8AVN-2FXgd-2Bf7saoN0jdiBmVQu-2B9Tzy5SimuHMkJZJhWxd=
hNVDl-2FExGM3k-2BSxaXTrkqcjSVsk-3D" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">Stardust Solutions</a></b>, which is working to reverse glo=
bal warming with sunlight reflecting technology, secured $60 million in a r=
ound led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkUHVQ29Guq-2FOWaTYAq6F=
qGpyiaqJcJPanQI-2B2sYreUQ-3D-3DkxTR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NG=
viwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2B=
LnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPK=
l8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO8glfqfo9lCPFp1ePIzG0B-2BkdXyATaw3J4-2B7H50CV=
aWl-2Feg0l6SAsy-2Bd-2BBZzg5qnujP1DrZWMgVvZyOTJzz-2F0-2BALbUckt9qpimk4pflEf4=
VCqrhgyEKdMNG87-2B8Dz3rXBIKVALszTV0S5CD-2FE-2FTfQ8jRfwDIrE7DnNHqCF37x5RKQ9c=
XSaC42ML8xEr-2FzuF6S8gl5C02yhpOBIIcxCZDVDfVPCmrZt3b4Wz4IhmMYxVm4LPmT5Ehb06d=
y1v800wwYqy8SHhYu4-2BSeyZZgGIaiFw-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Lowercarbon Capital</a>.<br><br>
                               Israel's <b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzUkUHVQ29Guq-2FOWaTYAq6FqKfscUN-2Fnh9fVxlJ5IUA6Iw-3D-3DCA7S_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNv=
tb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJ=
kVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEW=
pJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO3aiSxZtM0L90BS=
E7qzsrECJ92PTYsp0DBWOHWwA1TMe1dw0Rn6dFc-2FegAaVuLZkRY5JrkUmX-2FSDbNcpwOG-2F=
018pMWtWOwaGWkeaGr56e1pNG-2F1y8nDeUyhzNrBn3TRDO8GLOgK8iQvl3nBDIZFFkRFytXyrJ=
iP8jT8RGyzmkfIQ946HZ3LkimgmdjptiOSmBnuBSRqC108FWz-2BKlnaqpw5AxqzrRqpdvJzw-2=
BWhegUlTay8w4c91DoPVqTKgep7pQIh1ZMYVshf1MdqpjcWyPzM-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">Onfire</a></b>, the developer of an AI =
intelligence platform for software vendors, raised a $14 million Series A c=
o-led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkUHVQ29Guq-2FOWaTYAq6FqzNZ=
b4r5Hg8O8f0D7P9DTdQ-3D-3Da3WM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4A=
pRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtI=
yLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-=
2FP-2FY9kZxnonj8fb1-2FFhO-2FNHSlZkVtNrqx8rd49dMYbKHl7cdsiomVRqlM9EzZQ7VpBbB=
UH2ghpayyzks8-2BI8tS-2Bd7m-2F-2B5Y3VuwtEXA6jOgwjEmkpGRG7sEuDWWpDRDick4xLU-2=
BttSk8HBZIy9pZcw8kCihtlVaI9TGpj9DUTyun9GYRbef-2F7qb1jYKV-2BsaN1CqlOtyM5wY0D=
8oK7T-2BKCGbcj9hus58p1jUuoWRPg-2FWi-2FMr3iL1c0wdGGLKbHeN0MTsXXYHSUmMBVawHDj=
jFZXc8OKIW93Vc9nirXyb9-2Fxo-3D" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Grove Ventures</a> and <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU=
kUHVQ29Guq-2FOWaTYAq6FqF5AsdURpDNUiaOUyhvNwyA-3D-3DDwzt_I3w5d9c01gkD8gLzFEo=
fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJha=
PpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8ls=
vms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR=
-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO5VCe1H7Z87c-2FufjpknieD9=
dNoMplQo3BEpl-2F5OB8J3Q7IiF5GqL5WV84UhqoGF2-2BEC904tpw5FyV-2Bvh8qvJVRlGKzPX=
Dt38he7k-2FRPMcSY8B-2BMlTd08mDyA95XbGNEmAD71NfH2FBUw1lvc6TsIbAZDo1pDF8kworP=
hs5Oo2mZZ10vmKO-2Fbc90EFcT7IkHjBhQWFxdeU0DItPjOg-2BfiEcqmqFyPIktx-2BlztMLDx=
HW-2FVqBsM3JD-2BHMLfDsskB9KiKiGRC7vzAMJXo8GLzWi36gk-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">TLV Partners</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkUHVQ29Guq-2FOWaTYAq6FqBQrrlt3uRDvMAUhvNY=
Uv6Q-3D-3DZGeS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOq=
kwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyj=
Xae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj=
8fb1-2FFhO1yuZJGePkomvLCXO8f5XVbiv4d-2BPgdd3-2B5OxahkHYY99Bg5-2B1h-2Fr0SAG0=
U3h9vFhc8b-2FomnQ5OVkjFDtgY6J1TuMxutSpXJoAWxUObRDt-2FHvlRYy59FtZvNJjcRGKgos=
0g1zFBcMnnoSbOTwDhYNOix3VqaJNKjaPBhtT8Ar2HaDzXqNN27ijguoZkKlcAqaHpp0ZJnUeP4=
iiXF3tZ1PKfQC0fxqAMUqbrSy5sBE6zg-2BGwTIzL-2Ftk1cGE9SUeCUlxvmk5RT283JGwIoimA=
qM7Q-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Trian Fund =
Management</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkUHVQ29Guq-2FOWa=
TYAq6FqMRCQftaQ6c3EVyULkBG9ZA-3D-3D-jUT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2y=
g4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAw=
s-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6=
MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO8e-2B29Q-2BPQZm-2Br5O6d08zL-2BjWO4i8L67r=
NH6GUgJbTzMOEfd6VrSAmNrw-2Br1tzFc4VriTk1S23XMxGJ0g-2BeULTFKV5sZCpg2E8qXNXPc=
rIOnlhpUjJ5E4Uy-2BNScRBnvn-2Fs1hfb45larqKDuHAnSg-2F15wcSdRQ-2BcK5IgIC4E0JRl=
xaV-2F9XclhDS9biirMg7Al3Wu-2Fs1g7qwFcl5B34FPKyjEfK2QfybJG6TA8uVyaAXmUsLl6Jd=
DbYeqJJAbh7dP8hyjWpAn52ei6gJeDo0cynfs-3D" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">General Catalyst</a> offered to acquire asset manager=
 <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkUHVQ29Guq-2FOWaTYAq6FqXUKiRjoT=
DgV3x2dumqYavQ-3D-3Dzovx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMB=
CbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0=
BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2=
FY9kZxnonj8fb1-2FFhO-2FRopf3Se7wV-2F8PJOnSn1-2B2atnO0YSeoU26Y9pOaS7PGIwfy7M=
KaUmrX6eUHy4SkLIKdv7tU0PQuuxHMC9l2MPMoeNPNjHMZce5vZadzBwbfH3BKfMtrlL9gD9W4u=
lZKLhdr3ZbIpvydBivO7rxLPjWdxlxVtzjeCamMqfCTttxtlwD6pGtS8I3LLTCsuKfuoj-2Bl1S=
-2FjwdbruXpC-2BAEU5CsAG-2BQyX-2Bn7q73Tq006IwQJ6QHKPEDjS0B44WuY5b-2BLJs1VZkJ=
41DhLFFQXxG4c8C8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Janus Henderson</a></b> in a $7.2 billion take-private deal.<br><br><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUkUHVQ29Guq-2FOWaTYAq6FqCQAwwPD7HwLUuJ-2Fy=
VYI05A-3D-3DHu2M_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3D=
OqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRW=
yjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxno=
nj8fb1-2FFhO9e9AlKxe-2BWT9jICoetRPYg9Hx8xklM0mcjtrsaL0j4AEuVG7H5OBIbBYi1uPg=
p2HTOrVUVZKB4jgbROurtoPm31aE4J82lJH3zUvUwP0ft-2FHVvJSANLcDzIsC3aMFAD6tPMBn5=
i69E22hfnkDJ2yKOomv3JG7bsIyijgMr3XZNGx1wIikIY-2BQt-2F0fIYrW0IWW5yt4UsS0MIoy=
OGhzKg30t3x-2FxnVAbIFPTekHmIv842ieb6zDa6o8yf5lLJOQnBPIcZIFhYjoUURIvhaIK7kns=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Vista Equity Pa=
rtners</a> invested $3 billion to acquire <b><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzXPN-2FbWaMXQD4eIdKekaO5jNojSh74DTWPDD1kkEw8AcA-3D-3DPIY3_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNv=
tb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJ=
kVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEW=
pJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO6-2BYSsaOZm2DJ=
ZwuLQt1Tfr-2FJQYK0n6UfKhSzBX7KDl62Hpup9OYNQ35LIazV7NZxZhTBMkrnY9TnTYUODP-2B=
DZSZTNMJRTF7EiE6Cnybn3bmp4wwr-2FvFcnP9Fu6YRIQLpXVcRzlHrmtqaRN5oQwAHqsAb4WYG=
ZOuaRZNnF-2Fh5y6q-2BzPD9Tb-2F8x7C0MWSVpRCCsMfW-2FUjjIn5mIFOeXjaPkc9-2BSXq2K=
2LVD8XGtFMukgV14iSiEhlUp0SWMEASFfNJ-2FFJ11AGTbiElqpwDa0jJnM-3D" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Nexthink</a></b>, a maker of di=
gital employee-experience management software.<br><br><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzXPN-2FbWaMXQD4eIdKekaO5jStlr5eahUSxzNlYzT-2BNwcQ-3D-3D4Bu=
c_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMR=
eTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5ui=
Fv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N=
1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO-2F=
A7Q1ZA-2FiEOPygJpMF3B-2FfxfNmxxHRmvZbR0d-2FceRzSg4c3zbJ87b9K1iJCzQfxDoeIJwr=
xdPZWotOt1K2GPEFQ50ccS-2BfxqELdA1RcrCu71RIViDn1TKMM3SZwVNKTJWHgfa-2FwAJ3k4n=
6ga1sIZ1xYeFH7g9Uy4RiebkoyCJz4IujRf2FDXOTE1mwhnhdpmKLURaNrMijdUNHOHpMFy9DPz=
TYJi2YCjUA2lqloTDvJZvEORMGIIvvn-2FdRrmIrsfZ2oFm5y-2B5h3TrC5aPUgPiE-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Gryphon Investors</a> so=
ld <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPN-2FbWaMXQD4eIdKekaO5j6zdFDq=
E9LEEnurPcKvpcxQ-3D-3DLplj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRD=
MBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLi=
l0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP=
-2FY9kZxnonj8fb1-2FFhO-2By7CcB-2F2Gp8ofrID5mCiVkCuio3dW4anoP8y4A0wnYPGoMjqX=
aIHxTjj-2BUgnOyOEFjKxQb1uMCBA2fo-2Ba9BE-2BbWeU-2FGe7qC8NBZjlXp7KQis-2BoFILu=
qC1vcXDBylH2RgoX0XoGq0eBEWi6KG-2Fv-2BV9-2B4J4fBXYzbKDbqYANlxeuU747TJljWpv1N=
HRdr9RGO2xN4EvIlsFVrBUrfI6X5WCxplGaB5c3353yLyALrNGt0NMDWYKquvwFyz1f9cFCB3j5=
J3bWwTRgmNFCQrSacoQo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Shermco</a></b>, a Texas-based electrical testing and maintenance spec=
ialist, for $1.6 billion to <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPN-2FbW=
aMXQD4eIdKekaO5j1bb28ZkLAwQOaD5anqw03w-3D-3DM4_J_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zB=
I5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FE=
zHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gk=
gn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO6la1n0dTtHGzMAt-2FIA3Q25QdiQLzg=
d6g4e42N-2B7Efce6axH58RBlBRL5L0n8uPcSH0uDUqGOnKmLZ0J8UxKIYCLbG7v-2F2egegG7e=
jd2AVA5A59330AmoMxafvjLCq9snQCvUDONxtWek-2BhWqltiVcDD13xPBa00LX83jZoqcXJdHp=
HAJ6nXB9fA9jZeoIx8U-2BhNg2i2EC3geUSxreRXrGIJRO-2B99iygtgqtEPbiQcPGafhaaRpvw=
wj4YHV3-2BcWyWbHaj99vcscA-2BDSaLoxbQVY-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Blackstone</a>.<br><br><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzXPN-2FbWaMXQD4eIdKekaO5jMvzp0wuDsov5EpWGBVT82A-3D-3Dml0W_I3w5d9=
c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtT=
ZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ=
7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRf=
kEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOxAhlWnHshKM=
vqNW7hdnt4lyH27hnvuSWCTq4EOtekJ-2BoPua83kI88RsRLCi4SM8Eoxv6olJoncgyzXcMqzsh=
hOxtzGBE4i9cuQP6UEpLDP7-2BLt6C2bXIHY-2FCld2VoRJWmYxuxnDQ8jCCjwKHxtIdhmzjx3f=
XAXgeO79p-2BRFHkIwpmJAXwtzRiQfkFFYCD1wo3UjxldV5bpyJ-2FIwwe46vXM-2BjwpNmjFYj=
OFCH-2B-2Fib1X9xOBZHfiNvSaBkyfLVue4XoFhah7K9NPcHjnFDmXQLes-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Dawson Partners</a> acquired abo=
ut $1 billion in assets from the <b><a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
XPN-2FbWaMXQD4eIdKekaO5jYOajTAPQoj9CFpeSGGU3ag-3D-3DFGlK_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJh=
aPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8l=
svms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9Jwmui=
R-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO25JheuxRr0NT1gXdXtzWuRy=
rjdwF0Bq4O06mw4nzlVvv5IFhWpUQOzFntS0xLzxR5Z-2BBUp9y5c2agwp4cmEIkUnZcixtJ2Cj=
jFQ6ih-2FqO6-2B1xl9M5Ho6rtmYQXvScbpHYRy7HNVhAZBRVAybn-2B02ySLC6pro-2BAGLlZT=
LBMH6nwrP-2FAKJ1l7qlMzmF4X3BuQp-2BXjzcY8HQCwFY4nbk34ZkJ0lL3CO5yWzvVaCa9UBTi=
2XoYBvRGeX3R4IPihQHGPYvys-2BWdAdbZu0P9Cep07xnA-3D" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">Hong Kong Jockey Club</a></b>, including sta=
kes in <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPN-2FbWaMXQD4eIdKekaO5j1bb28=
ZkLAwQOaD5anqw03w-3D-3DXPRj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApR=
DMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyL=
il0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2F=
P-2FY9kZxnonj8fb1-2FFhOx5SFm6yylnXZ-2B-2Bd70NvYIe9XYvtlPssjLvwWGPBHFkGtXEgO=
Kz-2FhCFAyXGl6fFVLvL0-2BGLnaCY-2FBmtbpJLIk0dXcFELJt-2F1l88bKVUU-2BLAJzesQJR=
ERCwnEghvCHKB-2B3NbFmyy-2Fx-2B1mgi-2FZh4B-2BnV-2BLO4eO3EUM2Pia8dXLeBJakeYAt=
wGS9w36zifPZWFqMetGWRM7Kuv1Je3hJajLAAo2uydANF7yIOO-2BH1cCJw2fEVL5q902NqBHIa=
RaflIyFZuAJsbf-2FLljBWotuqVNa7c-3D" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">Blackstone</a>, Bloomberg reported.<br><br>
                               Singapore's sovereign wealth fund <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXPN-2FbWaMXQD4eIdKekaO5jW4Dcw0S7Y4zoLxZ87mXiyw=
-3D-3DYzwc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZP=
tZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1=
qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1=
-2FFhO6Nxnm1T-2FkhffRbenFZPEyRG-2F8VE-2FzChX7Sgn0CNi-2BafuZAXqmM3aWFJOuIVhA=
ONNb8-2F1tJ9rt9c6UbP2p-2F46tWQyT0rUOHZhGls16uhYfzkl3hnI2rpj1tE10fgmf1KqRTcz=
uBikPbr971Fbr-2FlttTTsT2w3-2Bff61eyKKSPhX3-2F9f4w6-2BWWMjFtcJCoRUAUY9SJb97O=
M1caa4wd2YEPrVZqbVLg6Uz1j3ClZLhlG-2BNTjCNu5ega6CDJ1q6KQaqWqQ24ndSkI1QC8sBmc=
qR-2FgJo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">GIC</a>=
 invested $750 million in Canada-based financial advisory company <b><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPN-2FbWaMXQD4eIdKekaO5j9C4885NYCpp9Q-2FXi=
GXGobA-3D-3DMgpk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3D=
OqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRW=
yjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxno=
nj8fb1-2FFhO1085SIh16awqX0mCDxdxNevfbcQGztdjq9KJy9PcWdok0D943wZDyvnybIKjvE2=
O8SZwq6rXGXR4sK5-2FhXWYYgfnKLqMieE-2BGnm7WBtrrND1ur1wY63BH7XHUT4GmFzb9QdFvh=
VgZIuhDnEIZ75UGdckdL75ZNoLF9w-2FrZ4dpamc49NOfubheAAQ5UIqacwezyUExTJuUWIhqQC=
Fu-2Bb9sqKozLKPsPI4G1p22RFsbzZO6IiUue7GKvpMJSYAkN2NFCVm-2B3-2F7CLMZy8ZviAZP=
6c-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Wealthsimple<=
/a></b>.<br><br>
                               Chinese PE firms <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzXPN-2FbWaMXQD4eIdKekaO5jsB6wnvZLYZn-2BmV1ONLS3-2Bw-3D-3DGOn7_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTs=
lOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53=
jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isq=
bGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO3QFskO2=
UKiik3O3kPaq00i4x6pZfSPbVPY5jbPhojMpb-2FnjLpqGSVfzEYs0JpZWkb1mThLpOWwpauIvM=
We9G-2F-2FZQrhZUx-2FtFHj8VbDt2lEJTB64PrwnIlkguR6-2BMJI-2B72TPKCXJMe7OxlVHP1=
5rXiFzcYaZLEnsXpFPeoauCkiVhORVrG7f0-2FcZEQxBW4xAMIT59zOXP-2BrTtonxp9ySqJWxC=
RKj-2F7-2BkpTS2pZBn-2Bo7oz6S1Ur8S7Vnd-2BEY3ENMi9iBv6wpa5Y01Uy85yqSJ8WE-3D" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">HSG</a> and <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXPN-2FbWaMXQD4eIdKekaO5jmMFm57tR1GPT0STdRt-=
2FGyw-3D-3DLlJI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DO=
qkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWy=
jXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnon=
j8fb1-2FFhO5TtufX4JehPkdiuRCAUsvH5eQaeDMT-2FyphwkA9zp-2BOr9KoXaE4o4UENWNCXN=
WCXrtFm8e2BzhtxQgK7W3sczyjCfOa0t-2BieNkIKBUeeIx7ABdmWtnJ0rgP7FuwRGQx9qCj-2B=
ghmstRORiP6UwkYlUMQgFxQAP3u14JUI5aVYzV-2Biqt2ABr5l7mrgRIpx41gKl6jq-2B64NHuo=
G6HrpWxaVOBJk9EJFo62InM0-2BQTHK3ifCwweJPh3smzfv2Y6HsD1VsIZ0IzkSBxe-2Fvx0hfp=
UImZw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">CPE</a> ar=
e shortlisted as the buyers for <a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfl3=
OQc-2Bbqwodsf28qWx7f1zG3ID-2B3tdLoTpFOUmNfCw-3D-3DMCH__I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaP=
pdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsv=
ms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-=
2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO2ijx49rATj3AYx0A3T-2BZFiD=
nSJx7f7Nh1lNkdSob971VuAQhbXdyYrBby-2FcnnRgEcQK3QEyXxNFWgpcE0mQ2K18OILUryruR=
MaVEbKz1lWzk3G7iNzNecDrno2GQcuAU9GOkmyAYjCoRrFFZx5KPCEKwKI49YfegEBSNzAAJ85T=
nIKsUOR0f6qb8TZZ-2FOOgExnRgJwq6ea4LM-2FfHCmw4ueJSpRoxYfcWEyLyXcsey38dPV4H6y=
oNP7B-2FtqbiyVvdUQEKm-2FMlMGbtgiE07qBsVk-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Restaurant Brands International</a>'s <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfl3OQc-2Bbqwodsf28qWx7fJcaqANbNcFIDI6eUlqs=
5jQ-3D-3D8RI2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqk=
wZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjX=
ae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8=
fb1-2FFhOy4YhNJrZodEThnYU7Pzmg0GwkEmlB6sWSR-2FFJ6SZmAaY57ovSF-2FlzV4CWPIFU1=
Y6uPd2H0bdCB7-2FfQAJPfpio3PJRn8rrFQLpyOYutCgI0Xv4WznkGgGX7UXLz9I4BGA7-2FHgS=
RSQzGsVtPqZDyx-2By-2Bg6DtGl6NeU0Ps5O95HXhcN8-2BmcNPoDK3YyrhYnEo-2F66klVamUj=
CDirv-2BgY-2Fuh1ZlbRkr9A31hnNkJEcWohNmHXkBtjKut6epGWICTuIOnac8DZvRB5EXFU-2F=
vf-2F0uJQfQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Burg=
er King China</a></b> business, Bloomberg reported.<br><br><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzXfl3OQc-2Bbqwodsf28qWx7fT-2FCoMnoM6JpxQUto4yGxNg-3D-=
3DjP_0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
m4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZru=
bi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P=
0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FF=
hO8YSODfUIo1SrlRsv9yAfZ-2FEX6z1yPPWi-2B7N69ZRNIL1e-2FT45PDuRJUbXG7mRfYh2X-2=
Bp8Fhv3syp9PpBNkkzyxqwLkLXDEYXTrgCmN0Pz594QL5dZ3coT2rHo0FVkcL5HVbG6zf0h3KKU=
gAfOvuf-2BrK6XBa-2FXjiTdNyskfe-2BQB6xtCzYvaZBMYKRQlAMe7TLbRprBuJfkqBk6DYQwi=
tXbg7dSB9WdpOlTl44JVIaPNODTimH3HyFVESdRoJQ8psUE4jQMy8d3BYLbR-2FEH15fz8Q-3D"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">HGGC</a> acquired a=
 majority stake in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfl3OQc-2Bbqwo=
dsf28qWx7fYC32QDjw-2BUj7jfWyM1LluQ-3D-3D43QF_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QB=
lEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUd=
BnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01=
AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOwMEx362SV3vGBD7p38qnGSfBFFJDR7FbrS4=
cIJLwZvasfC3jQN9HmFXdx7Hz7L-2BNJOBns43Izgoak3M-2FVJ8NDJ5Szz76gqJUYRloyJdEXK=
LxxHXbIVIoCCL1CB7VOJWYFs7g4I-2FLrmf4TKaC3aSFO37zecrDM-2Bh-2FNmqOrIh2wDFd8jH=
Fmk0yUwYfo-2FUhNhybO9FSwo4a3cvmRYz9mjuNLYD0m6CHHe-2Fp0Zxpl5YiT6WP1v-2F02lXp=
th7v2-2BpDlFvYk4AFUxZnnXariTq6-2BCs0W0-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Centralis Group</a></b>, a Luxembourg-based fund a=
dministrator.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfl3OQc-2Bbqwod=
sf28qWx7fJN1c3Ey-2FwqQQn4EXs5kXTA-3D-3D11xQ_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBl=
Es2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdB=
nzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01A=
Uqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO5-2B-2FsN2ScgmfW1L3fcpg6XzqYA3btBHyW=
0sgf88ZL2rH5elMQUTUMhPIALv-2FeEPXrqIPgFpb27LCvhLl0U5PpYWb0G-2B23sKQ-2Bh-2Bu=
eBNauEUB2jO2I6f2Omlue5sWVgLrWy0BPw-2Bsr3tGmlOFFXX-2FzEE2fN1xZAt3IacYwMTP7h3=
wc48CfU4WgcZfxPnifytLa-2BZSINhK79NmuQhGTCip-2BkWFRRWBkrTMDfXB5vMEIn6fxeo38-=
2F-2F21oAfR8WP6IMleI53KS-2Fl5ywoy-2FjVrn5ZzH8-3D" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">KKR</a> is in talks to buy UK-based coffee sh=
op chain <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfl3OQc-2Bbqwodsf28qWx7=
fj9lNmgUUL5VxFwmi3kXRDw-3D-3DBaEv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGvi=
we4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLn=
GOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8=
Y5d-2FP-2FY9kZxnonj8fb1-2FFhO-2ByBjKH4wBpZZqEWVyoR-2BAiin7yIQoPVfTVTGGF-2Bm=
wx7HedRP2Bs-2BOeVEgwiw0zwmKoB8wqjoB42jGwxkZoOTcnt2Y3Dah8HAaN5AfqD7inoydixfV=
P5NiLXHggTKq0l-2FBj-2BVQK-2BQpoRogRPtD-2FWcSsHyg116Uk4B0IGS-2FpIfe-2F8z22CG=
PQF8KqE7XnIu9x7sTmP0qyUg5JleSMoROiMS0kf04Hq-2Bli-2BNJ3BHWH-2FIp3IgaDuLG1QU7=
0BNBE2KUM3UVMIx6FCzDIiLPvQeOYGMWI-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Costa Coffee</a></b> from <a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzXfl3OQc-2Bbqwodsf28qWx7fTAlKcIlWGanQc0CJAO0sOw-3D-3DCUUv_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvt=
b-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJk=
VJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWp=
JW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO-2BuGCwPn9xO6I9=
Xwnb0-2BKz0eQgskgQ4N0T1wFqc0-2FA-2FPYttV5cq9AKpe4bshTx0iwlabP4pInbk3z6RZlkH=
9Sfe5juBBHvnWgmxILp3IkL0uK-2BlOqbkjHetNeyJdkdxAptrwpQmQlnBPtubJaeSNsm6ff51s=
2qi-2FrpPoRq7Ii1Ypaz8jaYgZFUVes9rTnz-2FvftNQyQBRL1XDorgFSnFVQFaMvtvaiJnl752=
hs9JZl85dyntfx207YJslFWCJYUcWfLZ513K65GZWRpDsdDHJn-2FY-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">The Coca-Cola Company</a>, Sky News =
reported.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfl3OQc-2Bbqwodsf28=
qWx7foHzHOC58-2B-2F2D1I7OdF8mIQ-3D-3DOko9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs=
2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnz=
Aws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUq=
n6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO4ZfQT0WIC0OX3XvuAFmIBwvc-2FzzO2bEMOyyg=
YVbuiF-2FLdB4NLNdQh-2FdQw-2BtEP5gNsnDSnJVMQ389eK9rcwEVb2TaXowcZOZIJ-2BM-2FU=
VYr4G7J1qxyVfjD6iQ1ABy1nGyt7tf-2FH-2F5zGKRujSbFdGBtqw-2B-2BSkG-2FeYyA5EFKyi=
ntumdG1gT3CQbq6ix2WM11e4VvUsD3lh-2Fk2wOBjk2LKLSRg3A6fZ1IXDELbqGbjdZnG43h-2F=
o5-2FjJfhUKLjPcVTITABI8OlrEgLD6O2UTyap1Mw6w-3D" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Brookfield Asset Management</a> is in talks to =
acquire two inactive nuclear reactors owned by South Carolina-based energy =
company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfl3OQc-2Bbqwodsf28qWx7=
fjCgkxwiTOhJ6uc196kwHwA-3D-3DQTDO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGvi=
we4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLn=
GOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8=
Y5d-2FP-2FY9kZxnonj8fb1-2FFhO5ijNhbcC7VsW-2FNMfTEUJIi8MSX-2BxRHjK8Bcbku2Yww=
ZWXdfCY3MmWa2k9dIjqph2QQFWVepH0YNYhbR5o1nsPSETxPhE-2BwnlTh1DE5oDMx3aSVwHrb1=
emkfroA2-2FElCtKGSRyYQe6hlIcoUk7iQPvBud3yq-2FhtMTtVEpaDrI5-2BrEySH4CeRLxQ1a=
ZY-2FmGGyA97aF7r-2BsNOPybuzFmD2bBM502fcQ1ecn25n3YB2f4191nrsDTPsa-2Bj42ZFKPW=
Vh7IVNqXRQFXl7r7lCDggNMCQ-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Santee Cooper</a></b>, The Wall Street Journal 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>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"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXfl3OQc-2Bbqwodsf28qWx7fXgdFtBept-2B0L5KI4=
0ZXg4w-3D-3Dzhl7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3D=
OqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRW=
yjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxno=
nj8fb1-2FFhOxm-2BPwcQrI6oPkBmWzPJirCQqQTup5qNpf86a8JDqXYNwgxm0K2EUbqHaQAc-2=
BMD-2F7hnqyVKjfbJQGZQJLtpPy22C7IofJ2s-2BF2I7Yp0YoiRibT9tlXAX2OoFJjUjvddL0Ih=
RibbELQ0tHMkN3g-2FvULaew4A7r-2BYhl1jJ7uQw3lw1ELvEsbFm8SWTpySuVa12YNQhVEN-2F=
bw6AzNCoaAX5-2FhYr66IWjt8RecnarhD35LJtdIoS3U-2FWqh0K0pPp34sxyjIPF4kFRELWadV=
xIugwd-2FQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cinve=
n</a> is considering a sale of <b><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf=
DOU68L8QN0YmWfxhTbjpljaqyYv-2F79jV4Dp-2FuO4kVg-3D-3D4gY6_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJh=
aPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8l=
svms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9Jwmui=
R-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOw67JsDXlqkZaUUK2qn6pzke=
SpkFEr7pIfa42DhQbcz-2Fx7TdgOdpk-2FwNLgcUUF8geb2tPsUJEfnMDEkBAbK1HWVryZLJ5-2=
BGk27SSrc0Mu91DcivojJifcSmqrT5GGWCFD5m3rkcQCHktI-2B0VnHHur3C3btYCvpYo-2Fqvu=
LOBoRtiNMF8SexkNxnehOL9gYWH3quND2HHzssVWPC26vBbiu2wfhHF5sEnC-2F2W9bXcd44UZd=
522tLHrSv2NL-2Bnb8WWN8ecZxm-2Buf0vZ-2FOWGBU2-2BEao-3D" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Think-cell</a></b>, a German data visual=
ization software developer that could be valued at around =E2=82=AC3 billio=
n, Bloomberg reported.<br><br><a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfDOU6=
8L8QN0YmWfxhTbjppq0-2BN0A4XrGOKViwLvJiWQ-3D-3DbFer_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4=
zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2=
FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3=
gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO3y72Ngzs0zllPu6BQWvbutlKCOb2k=
MiW2NjUZWHgevnmw-2BEfFGUD97W7tUjQvb95ZhiQ6LDuGJZJyhvlfrQ71kK0zOC0LVLBc3UU9N=
7G3wQMojgV-2FniSpKjSva56tZtdrVymUM5KGtsDW4AWxnaIbJ0zC9Zbr14dhBgaZnbFNPojxYt=
JYpfM3DmQHCr5ZKPvQTUvIo3YL60WC90xZqnFMKtPwC0eY8VzfwIMOtgMEov-2BWNZI3TBEDFfy=
pHSS0G6EoF3M54dhneFBUHQcBbrRW0-3D" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">EQT</a>, the <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfDOU68L=
8QN0YmWfxhTbjpZdna9nBsjOPKhYV5-2BjMwSg-3D-3DGWOw_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zB=
I5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FE=
zHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gk=
gn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO4-2FDLS2j2LiTMFHvQgKQNNcAKU7SDb=
VhhcQvJ-2Be0YnJXLBn1yJV7BxyW1mnCiLrHFw2gKrwJhCBWN-2FNV46Az-2FyqQe5-2BktFq-2=
Fjvnlb1WKS-2BRxvM3df5UADg20caBP3PfRBS89G2EJCHln1JqopQ-2BtVQNY0I3rfZPNihXQqd=
wO7qyYlN6qTnhzgh4Ag64d0B94BtAQhK-2FIkCiGk1RzXtWxWdiF-2FpsukgLqZNYwHLO-2BrSk=
20MfzTsOYUtaMLQbH-2BungqBq0T-2FcaeL3O4c-2FiAgVZx3Y-3D" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Abu Dhabi Investment Authority</a> and <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfDOU68L8QN0YmWfxhTbjpL-2BYBTI1L2TRPU=
EPyM7p78w-3D-3DWLFw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhq=
u3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhr=
FRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZ=
xnonj8fb1-2FFhO7AtlC7Qhsi3QRXVS85Qic0wfFMMvE1gzv9rLAci7NynP9nDY8-2Fd3WKcwhZ=
CBy7m8wLSTVYJxRSSvpGwXwEn28HL2UAqo4MM9UfQlykAJvBSYngTeuYuLL2DCucfIGnK5nDJ-2=
FdnA7F0pf8xZr3r-2BBb5jiRM2rWsjdew2ZflokKTNSvg4KgaRATpoLPPfICgZxcdPEGTOGE-2F=
5r51PbB7N3viuWHrjjhmDxMG3C5jPhMgbW8T7cSStUpPnjDgfl1-2F-2BZTKsCNYFnRTyGNIWUi=
Hy2SQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Auba Inves=
tment</a> are looking to exit their stake in Switzerland-based skincare com=
pany <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfDOU68L8QN0YmWfxhTbjp8FUIV-=
2FI2Kcz8SJAg7KPJYQ-3D-3DjLMp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4Ap=
RDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIy=
Lil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2=
FP-2FY9kZxnonj8fb1-2FFhO1UoFX0cuPFxxmYnlgxLEN-2FyihMIA8hgZdI1-2Bc6HesLbBO-2=
B3aKQVKBP0M6HM6a9QkRorSHoBnClwS1zgW5unuJgO1P5Td4UBzZjRVcpE-2FF7-2BkuG2-2FBh=
CXcCxXSvCpqgctzHYjOPGM1z-2Fq31SR6j5bJwWf070O9stiKEuklePORIxsMls6l-2FudmBXRH=
mkr2Jdx8LCukNSUXMjvaduxgCOf-2FHvOU8t9kgODvtgoG5wgLxCmOML5P8JaK1LLBF9dssOYwo=
G5-2BQ54NW33c34WPgmw-2Fg-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Galderma</a></b>. The minority stake could be valued at around 2.=
6 billion francs ($3.3 billion).<br><br><a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzUfDOU68L8QN0YmWfxhTbjp2iGXBjv7Xxt30qdy5PH4oA-3D-3DCLcw_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVB=
JhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa=
8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9Jwm=
uiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO6bYuHi88hTj5SFzGzurre=
EDJ18ZoTIKq-2FwlPK-2BJCQ8ovsrBoNvCrG7fCaygUn2THCClHc7sAP0p-2Bo-2FvThyS5-2Bg=
2obTApvSI7NgIYy8xjauZmvTwYYeBJ83f4zh6VUlopKiFgwspPWLHODMEaVvkad9b0TbSKx3CeO=
nBj9pG-2FoJ4va-2FIPcm-2FbBmSIpXcrl75r61D2vVanHFE4y9GiV3vXyoyKuQ0xC7t5zAaBO3=
DhaUM77MD2ZhN05hi6g6xfjFzHEXzSQlZzlwkr3JgDm6rWOU-3D" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">TPG</a>- and <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzUfDOU68L8QN0YmWfxhTbjpyIvhGW2GnNFWyhlqO0nuSQ-3D-3DsKgx_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvt=
b-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJk=
VJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWp=
JW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOyZ24JQ6m5kyGCOa=
SWEJAvGC6M2ztuluBZYM1wBtHfQRaDMLpQNmx-2Fp24if0WvVfjf6NQccbyXfgyFYoUUjiimpJ2=
4Dj4L1TY5Pe1x7jvx-2F-2FrVc3-2B-2FGjU-2BI6XUPH876B1y-2BfVj-2F3S-2BX-2BWpk5mR=
Y-2Bpe7JpPDJUlv7bXzy6PoFVQ3dRehMw5dmuXrTYQBR0LfDDfhZ-2B1Dozy-2FY-2F9rznXSdI=
OT-2BwwUwq4xwajIljQKURM4wnqr2psVKTSayFFauX-2BzLadGuEcJbrgsdZ10mm3K-2BD8c-3D=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Apax Partners</a>-=
backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfDOU68L8QN0YmWfxhTbjpmGsF=
zGwfSgiH4fvJms2hxg-3D-3DfiI7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4Ap=
RDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIy=
Lil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2=
FP-2FY9kZxnonj8fb1-2FFhO6DwmAL9Z9Up2T-2FB6EsCQvpus6xjm2ouwzqpJngMnG1a71HGY2=
q8Uy5Yl6ppe-2FstesHX3cBBjqmOfkR3lgF8R-2BqnC44VNeBv7FaVVli6lA-2FMcVnO17VtcRr=
LGfIMcryevs9iUUDZY-2F7Ips2Ej1heRFzn-2B1ouXo-2FfhO2Xt6BzPz-2FLb5eSuqmJVXWTPh=
mNcFIQ-2BoQ94A3Z10Ol8v8Ns4vXWVWi-2BJVux0xKxTDJX68cNbIbJ7q7ty80QP79uLlMf-2Bx=
PXIDCJzQ9has4qWaJE8-2BwYus-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Fractal Analytics</a></b>, an AI analytics company, is preparing=
 a 49 billion rupee ($555 million) IPO in India, 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>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfDOU68L8QN0YmWfxhTbjpnoHXSUsDIZ-2BechI=
iwbGiPA-3D-3D0H6Y_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3=
DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFR=
WyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxn=
onj8fb1-2FFhO0rAo3HCEbh-2FNMEZTCYSwpxUSp6-2FLrVzLj2O9mwY-2BS9FsS9-2Fwh9YewH=
hbBOm1pDQnasCHiLKHiI0TUCCV61w6sUIWaZjuOD-2FBw6-2Bpeqkn3oznQWs88xdsdS1L6T5EL=
WOzghnnnnQEILvq2JA8-2FmJ38BiHxeGlSHXeVQQ-2FP-2FmPK1tqJKpFGZ9riY8OYuympWhqFP=
jnL6IJB-2Bdobez51uo-2FROGasVo31mJi-2FV7MyymyrJqeZoLF8gF-2BwRWVjSdfg9keR8uAC=
EH3ml6Kr8TEb-2BM8GY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Sequoia</a></b> raised $750 million for its latest early-stage VC fund =
and $200 million for its sixth seed fund.<br><br>
                               Energy-focused investment firm <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUfDOU68L8QN0YmWfxhTbjpfGc98swPi5G5hiF-2F6qAjaw=
-3D-3DNwnr_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZP=
tZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1=
qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1=
-2FFhOw1-2Buze76JBYEy7GWZ3loJWPJHpb9hy2VhhJjYHtVCTAg2sAwn9DKmh0jvVUtWtB2ORA=
uLDhEnVHFVHROLpcYbOO6Kit3pekRdtgWs3aKqvEoJsZzZDE8eFqzaHNCMRhVquk2pWzt3qIczL=
QHzP6YdV6I-2FimfjjXQhcp56bu5tueE5Pa6HAPCmOxjkKLvjfcpAH5cxfoQhxvfqzDawUnTO-2=
FbNeZg1vGCzE9vMqwtEpcL2PqIEybcLEe3MphpgC5HMS46zXJ8DWMQmMjPOJQ54Zc-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Breakwall Capital</a></b>=
 raised $125 million for its first flagship fund.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&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-2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZkZePQ9LbduHMFiL=
6HPltHw-3D-3DV8hJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3=
DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFR=
WyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxn=
onj8fb1-2FFhO-2FD0lXzN22lF85KVMmul1HhqNFFCGx646aqpBd8nUb74S37wa8CgBgfptpNLH=
U3N4PyX5emmAvAbYvt2lWPTZvPPTUnWmRozoIQTsADXqGUY0OxssSjk0uWb41ZFjEYkkmmIECXM=
YUsy6gWjPmCI7qqtDlqdg3k9tDDm67PYkYQ6p9F0biUZD6ZBVD3psPKBt8himYuE0IHnewh-2F8=
k4kjJgK321IL9z5NLT1MoeiyOCCh3ollN78L-2BSGI4jBoWfnRKQuFoRZvLe-2BsPxa-2F81CIH=
Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">DWS Group</a><=
/b> opened an office in Abu Dhabi.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZK55lTUK=
Zzdvhs7R7GPQj1A-3D-3D3pVR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDM=
BCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil=
0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-=
2FY9kZxnonj8fb1-2FFhOxRjFcx6t0UrMa9JLp-2FlemIxI-2Bbel49-2B5w-2BBSkkREn-2FVs=
caRm5k-2FsNQnIM-2BeavL7-2Fzvv50sW-2FftZ0HfULz6TOA8QFvHUTWnqmjus5yOz-2FITYLD=
FbC-2BJPqlQvLpR3nf3lU-2FOtSzIXWqBuW76ka89savrnFvhIdWXBn64Fpl4VbjyHJdpG15KFX=
OaIU4ep6EYynQ6M54LF6EbwAdwQUEYp-2FS8rR9xyDBrvpTmUWt-2ByBgZaU-2BY4Yeqp-2Fyme=
ucbARi4oehL-2Bbx21UlVNJNPjmzBUOeg-3D" universal=3D"true"> <img align=3D"cen=
ter" alt=3D"" src=3D"https://img.pitchbook.com/news/71011.png" style=3D"bor=
der: none; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              </tr>
                              </tbody>
                              </table></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>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
               <tbody>
                <tr>
                 <td>
                  <table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0">
                   <tbody>
                    <tr>
                     <td align=3D"right">
                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZuTo74f7a-2BmDTw7x0wNS9=
hQ-3D-3DBMRo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkw=
ZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXa=
e1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8f=
b1-2FFhO-2Fnw5Dr5DXW1-2FfUYcXZMV5YnZnNLFYCwFBIEwoihPcIWnbBRfnwagtAyU4aXiWMg=
4wST8-2F9KzURGjSGVsCOKr54p2qCq8sjOUHH7cqiJ-2FwCB9-2B8Tm7GGfgsMAbAcquXW9WeDU=
QJqIwl-2FKqLEMOAATuYyjGv7Wira-2BqBmIuMbynO2Ix8Gg9IAboxEgZiuSn3U-2B0GvpYefN5=
Es-2FpRgM6ZUB3tM9ruN8mEkbsjJcO2H-2FC3oQXibpx8qzsUsWZPix7Kh7paGO09zGol9P2VyN=
MBPd-2B8-3D"><img width=3D"160" src=3D"https://img.pitchbook.com/ads/ad4292=
/ChurchillVBA.png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: =
0px; display: block;"></a></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                    <tr>
                     <td align=3D"right">
                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZ4iqdX9Negr1ql5jRXxJyrw=
-3D-3DUzCq_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZP=
tZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1=
qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1=
-2FFhO-2FPXkvqo7Fcw3Y-2BC1avVRhjLL-2BuVL8VjT7BnGlc8iIWmaXS8Q6pn4-2BP04qyO7J=
YqY-2BULKOpoo0c19JIvEhaJUQDWfJe6S90GY6fNvvNfUTBjjmfCTEh6qrfEqloW0xPeHz1mO62=
NncvqVeiwgCNqDuTx9M1KuYLOlXMi29XHUo7VadUWl-2Fd-2FGKsTBCQLcpW19hZduXEhF-2Bq0=
K0ylWX4-2BuDhGgDY5HnBT-2FFA-2Fp5oDyZAnQSmxjb5fZEhiuOh8LcKHOFYv54dTyIjWcwj8l=
wNMgAA-3D"><img width=3D"160" src=3D"https://img.pitchbook.com/ads/ad4368/L=
LM_Partnership_Anthropic_NandA_Ads_QA_Prospects_160x420.png" alt=3D"Ads" st=
yle=3D"padding: 0px; margin: 0px; border: 0px; display: block;"></a></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                    <tr>
                     <td align=3D"right">
                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0;"></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
               </tbody>
              </table></td>
            </tr>
           </tbody>
          </table></td>
        </tr> =20
        <tr>
         <td>
          <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad=
ding=3D"0" border=3D"0" style=3D"min-width: 100%;">
           <tbody>
            <tr>
             <td width=3D"460" class=3D"container">
              <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor=
der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;">
               <tbody>
                <tr>
                 <td style=3D"font-family: Roboto, Arial, sans-serif; font-=
size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c=
enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZrtIDD27Yb=
MAahgzVmoHn7w-3D-3DJS0K_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBC=
bMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0B=
rUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2F=
Y9kZxnonj8fb1-2FFhO8u5jisSp9dTL-2BJaqhpGnhTO-2BBEPKBx3YmGrRBRDmtOSuFSnTQS-2=
Fc-2FBh876zfRpyB0VVJ7SLCT5YOMnr-2BssxrzuF-2FQJyNhTepLUGsWEqMiatLcZITcFBlVyn=
88EfgIkWr9g4cPp73noxQGoqewgkvQ0-2BZFbUQodG-2BMNL1a-2Bqhae-2FqWYwxes4qoMMhor=
TDLhyA-2BL6yOoaO5MFGC83WkiaPgCZyzZMLpetGhDFKRtPSufLM31yJ8unj8FJF70XZvkrGYqT=
-2Fighi9P7ZTT7pv-2FbFPo-3D" target=3D"_blank" style=3D"text-decoration: und=
erline; color: #1D5080">About PitchBook</a> | <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZ-2BQ1IN0IcwwXpQvJArSFSKQ-3D-3DGSZA_I3w5d9=
c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtT=
ZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ=
7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRf=
kEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO0rWMPfzye9w=
DEVqAXt6K4uGLjoIMM0c6cTloMv8DcCsYvh-2FCj5Gr-2BC6j-2BcE-2FNH9VMEdvEm6IIOtaJV=
H6nYoMLdhbnk7k2eHcY-2BPHamzMRkSls2wvYFs8nLf3cCfKSAdJpk0bjSeyKo0I4WNr1Xsa3bg=
3UyrM6ZsnYeI2DD3fZtI-2FVoidrldkA71K7mS368g8l5KA0QHVi8Tznrnn0pGqBU-2Feoj2nHx=
hxUprYdVOKVNMlBvtHyp10FGMFamSWNSeZgi0Xo0-2BMC7rctSIEkbdBhA-3D" target=3D"_b=
lank" style=3D"text-decoration: underline; color: #1D5080" universal=3D"tru=
e">Terms of use</a> | <a href=3D"https://url6380.news.pitchbook.com/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUo=
U3b6xZRpo0kbhgyiK-2FinimmQuNAg-3D-3DzuPm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2=
yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzA=
ws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn=
6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO6DHTZ3A66N4MEgn9lCw2frk2pQZ-2Bd1FD-2F1R=
5VBir0AvPjYPA-2FmWvrEdJKSRynhfJYzfvIIE632eWx4C08ij1swzormAfN0YpR0lsr4CsExdX=
Mn8PkHZKw8gf8mOfHStKpY3LHhZO4SidTTiWN8BpYFol1bs3c0eZhsnIgoTC2wFg7UorweI8l7q=
GPbOjW14DRWUd7OJ8O3NgxFb7uPRirqGYN-2BDeZ-2B0TYO-2BCGWFT9Y50NMm8JcLdnxQJrVWL=
q1fqvmDCDUcoAxrJHmsxNx-2BbIo-3D" target=3D"_blank" style=3D"text-decoration=
: underline; color: #1D5080">Advertise with us</a> | <a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZDewz4FJirYF6FVXDrFOJJA-3D-3DCKsq_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTT=
slOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv5=
3jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1is=
qbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO0h-2Fm=
8Id-2BuUCSh7XIdrXaLNb65F4fDNfbY5HfwbzuaEXxslBi3QL7AsxCzDOCY-2FfOuZph4MTN4XK=
32xhXKQ4P1sJhxITXDmbPAMvoTf7gsidajyas5y1PeXf6sXasLq6KRqIm9jskcufMmUH6UWlhs-=
2FUdELSkYrTRW-2BQHOAn7ne8SygcgIGBd-2B4LNXI1ifdjX5wZqkLYevqqIwwrwY4ZuwLcVZA9=
DsPsJ4ob7ey3PvBsHpVpFXalDQmQCZPKzE6VH0YKdxEKL0Spo9C2wdeZooc-3D" target=3D"_=
blank" style=3D"text-decoration: underline; color: #1D5080" universal=3D"tr=
ue">Contact</a>
                  <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"=
 border=3D"0" align=3D"center">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 15px 0 0;" align=3D"center">
                      <table cellspacing=3D"0" cellpadding=3D"0" border=3D"=
0">
                       <tbody>
                        <tr>
                         <td style=3D"padding-right: 10px; font-size: 10px;=
">Follow&nbsp;us:</td>
                         <td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZxTgOrLl1e5hV0IEttSCYrA-3D-3DP7DT=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMRe=
TTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiF=
v53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1=
isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO1R7S=
prlTQyVkpSvxvh1fsBMic7rAqYKs0oEUib2H5TmcLogIWSCy0cKjH08NzHCuEqkQ5-2F5Jjk0Kn=
2OboMeW6NKe8JottrlR4jNRjKeEqkzGp4oZJNk4VZJ-2Bkd6HPi7TcIuCw0Hl44bpO9uA15NErc=
gl98P2a4MLpOvP-2BYrA4oS8AGfwTK-2BvvT5cJaA3edF-2Fb-2BIJkrd3GRN2Mh4A3iIhni4cb=
mCOn94AOIZAE-2BFWMHo7Pz8i8StXNM-2BBUyyNvZHT4Kztnd8ANf5kMOmdQOMPe8-3D" targe=
t=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https://fonts.pit=
chbook.com/newsletter/linkedin.png" width=3D"25" height=3D"25" alt=3D"in" s=
tyle=3D"border: none; padding: 0 0 1px; vertical-align: middle;"> </a></td>
                         <td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXtFA2tPG-2BmxHVaUoU3b6xZ-2BB3TCblZU988N36Io6zWjw-3D-3Dqy=
e__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AM=
ReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5u=
iFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0=
N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO2y=
N13Gh5-2FBOXUQodmRcEbmMqhWbQ2eaRLyoWhVbbO1bUWUAjV5BnvD7YQbq2ljRllERCEdMOA-2=
FxwuDgCaDh-2FziTraR-2BAijfV8gUa-2BMl-2FD5AAMlEQb6XwraDtgnuqc7PwwNtW7aJO-2Fc=
UCgEskOX5nKjRcWSysvzcfJvB4cJGoVL8PlOwIf0IEuNsfwu6WrAbLyU3fKQZTaoWR4Y0CHudeJ=
g0K7wY4sAd3-2FitfoS-2B1M1as-2BeWGDI7P9ccWg-2FTLb-2BOFdoXkS8XtK46iaPkBghA0RQ=
-3D" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https:/=
/fonts.pitchbook.com/newsletter/twitter.png" width=3D"25" height=3D"25" alt=
=3D"twtr" style=3D"border: none; padding: 0 0 1px; vertical-align: middle;"=
> </a></td>
                         <td><a href=3D"https://url6380.news.pitchbook.com/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXJsZ8PDrnFZ=
HRJARGLWW8RoXhzryFw0DwqMywelEFx9A-3D-3DOi4I_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBl=
Es2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdB=
nzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01A=
Uqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhO3SUs34691OWGm2CHOvLw92vo1psQwPv6pkfj=
YVlpFGXrchwtzC4NaQAYdHXFOBZu1-2BpYj3McYi7CfS7X8GMQY8r7ZazbjDiOs-2Bqd3qyQmqC=
mPvZ2VYqxYrMIGEwTglN6Qye7Ui0mtyFQCPU-2Bg8GHVz1olnEL62h4DrLsq-2BhYrfIQPqnQMh=
Puh3b6GY9PzE9M31SJ8FBEOgZS2nL5122BX6tHDWdz0oPL4GP3KEr2hUylf2zur8IkTnl8Q2OPk=
cEERlZfIkyospz8nEwwVaCFDs-3D" target=3D"_blank" style=3D"text-decoration: n=
one"> <img src=3D"https://fonts.pitchbook.com/newsletter/facebook.png" widt=
h=3D"25" height=3D"25" alt=3D"fb" style=3D"border: none; padding: 0 0 1px; =
vertical-align: middle;"> </a></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table>
                  <p>This email was sent to <a rel=3D"nofollow" style=3D"te=
xt-decoration: underline; color: #1D5080">most@ponjosonek.com</a> via the P=
itchBook Platform.</p>
                  <p style=3D"margin-top: 14px">Click <a href=3D"https://ur=
l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx=
1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0dASWMAkXrIC3kg=
-2BeC0SuDoyGjKHmOSdfo63E0RLyaXhmtZcu9qypgyxWwak1NhA0coLyWLpIGucErQpvbIjaXQ-=
3Di-qe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
m4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZru=
bi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P=
0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FF=
hO2gvIKQl4trDFw0RV1htfsl9RZTjieJBPyP-2FLKI6M89XHuq68-2FifZ97v8yHiZ2p34qfkV5=
4y34ilMyaT4gVH-2FdO8rqmUPS7oKJqji1hfpZeQPBs1yrVkQxovZH-2BJqK7BLwMXVI0gdBx0j=
VWgtlhHOIGNNVFDmNdAwiPIEPCPMBZnBgGze4Xx5mYL6sqHhjvGDYTmWdCZP7MpeHmCwN8g3y6J=
Yh7ZhylWAB-2Bj6CxYUj30h-2FEy5nFfZm2EYZ-2BYqMQ3S8fQNuYSV6gikfohc-2Bk6Plw-3D"=
 target=3D"_blank" style=3D"font-family: Roboto, Arial, sans-serif; font-si=
ze: 10px; text-decoration: underline; color: #1D5080; -webkit-text-size-adj=
ust: none;">here</a> to manage your subscriptions, or if you no longer wish=
 to receive these emails, you can <a href=3D"https://url6380.news.pitchbook=
.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrVRvnzbxJbWwDftsHe-2FnJ3PNCbp5=
fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsIf-2BQHY-2F9cBWz93zxOvFSzafZw8LoNeS7HBprv=
PhxsRX659VZdcmKyMzD4eMk3ZOd-2B-2B-2F0Y7oCpRRexO3AXTn7AxiLzOJmi1BNthQ7l1V7xQ=
NEyyozi9yh0L_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFm4AMReTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkw=
ZPtZrubi5uiFv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXa=
e1qE3P0Ly0N1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8f=
b1-2FFhO6pV2w4FL9J5fHtUM97JStFXHvL-2BwGoqhsyQtZOwrc4VTagtJ-2FyxFkxR7BsYwC-2=
Bg80cqRwMZ4J1Y-2BAWmP2UfKnxr-2FoBunxHbOq2389h4yj5tmKSVym-2FzSz-2Bc6uqjeEpa-=
2FccjFYQ49EQkPTD3vz3z9UDdZm-2B0K9yRJMfd8lLYJOv-2FoxJbcbmG8DvpfUblhashw0yNlF=
Ia9D8ad24x1bbZalKfewBAS7a8Tb6FKaO-2F6fm7c5Ao2Hl1ofGU7vpCCtveflV8YYo4NqDf69q=
TgyA-2F0mY-3D" target=3D"_blank" style=3D"font-family: Roboto, Arial, sans-=
serif; font-size: 10px; text-decoration: underline; color: #1D5080; -webkit=
-text-size-adjust: none;">unsubscribe.</a></p>
                  <p style=3D"margin-top: 14px">PitchBook Data Inc., 901 Fi=
fth Avenue, Suite 1200, Seattle WA 98164, United States</p>
                  <p style=3D"margin-top: 14px">=C2=A9 2025 PitchBook. Win =
what's next. All rights reserved.<img width=3D'1' height=3D'1' opacity: 0; =
style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitchbo=
ok.com/ms/pixel?userId=3D3DABLZ54MOPJL5Q&eventSource=3D3DZQDXJQ6VUBAECQE7XY=
5D5PSLQI&emailId=3D3DYUUQHWRNIIOHU&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG=
625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DPED7RLFD4GN3BVMRTF=
QEHYZOOJCKA34MS5JA35Y.gif'/><br></p></td>
                </tr>
               </tbody>
              </table></td>
             <td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">=
</td>
            </tr>
           </tbody>
          </table></td>
        </tr>=20
       </tbody>
      </table></td>
    </tr>
   </tbody>
  </table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0pj5z=
j_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFm4AMR=
eTTslOtTZNvtb-2FVBJhaPpdE4zBI5QBlEs2yg4NGviwe4ApRDMBCbMhqu3DOqkwZPtZrubi5ui=
Fv53jrZQ7NJkVJUKxa8lsvms-2FEzHUdBnzAws-2BLnGOtIyLil0BrUhrFRWyjXae1qE3P0Ly0N=
1isqbGRfkEWpJW9JwmuiR-2FH3gkgn01AUqn6MrPKl8Y5d-2FP-2FY9kZxnonj8fb1-2FFhOwhx=
DoIPbxhhJnfsixG4IBZFFCw0-2BJQzGH6xX1IROafmyd-2BzO0YKphGY4wjvaa89ZjKJ3wikwye=
QmC5JgmTq2kUduKaS8gd-2B4eXARYKmxWMG9VGSWSWmZ3jiXsicaT6P-2BQK5yYlOA1k6VE2vCw=
aGXiCzmeFclIdGvMN8cXbBvjfQzELTTGTx1k3iz3q7iBzMFbF3GmtnqT1w8S1oBijirfNFBvj09=
JMvIXKv94l3McnnruM-2BF4pWWgjRsa6DtxuiKYYL-2ByN2OVSMpjBfNh27iRI-3D" style=3D=
"display: none"></a>=20
 </body>
</html>