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Date: Thu, 30 Oct 2025 11:19:25 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: Ranking the hottest secondaries
To: vetyl@ponjosonek.com

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d morning.</b> Welcome to The Daily Pitch. The Fed cut interest rates by a =
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r dealmaking</a></b>.<br><br>
                               Today's newsletter features our latest Globa=
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68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrk=
vlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1dwpqS7VaC8PIiJwFGEchupGnyiNYObK=
epYNLvQXP6nkv980U2My-2BHmqm6ntXGov3xQ1Gq2CFnn3t6g-2BoKMiMHM6kFrKUtR-2FbbUCY=
NVB8uXmIvehU09AHlok3SBRHjeF8jDqjTFp6nmdBhJqureu4MOfFUxoWkeiQLqEVFr2-2FZUHFf=
C78DUt5oHRIQhd6Wfxuank-2BM9ws2RQdmGxq0-2BwmpAzh-2F4z6136lz9YF4OisPFEtpOo8kl=
m-2FusIzJyFTelyogrUcPQ7pu67SHPvVPmxtG" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true"><b>the most valuable VC-backed companies</b></a>.</td>
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574147" id=3D"n_574147" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> The $1.7 trillion mega-deal bo=
om driving M&amp;A's rebound </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%;
 ">
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Madeline Shi, Senior Private Equity Reporter</i><br><br>
                               Global M&amp;A activity rebounded in 2025, p=
rimarily driven by the return of large-scale deals.<br><br>
                               Corporations and PE firms completed 435 mega=
-deals worldwide this year through the end of September, defined as those v=
alued at $1 billion or more, according to our <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzWEJW4G4C1kb2oEtnSnQOZIezKN1PmmFfgNh9HqR1NiXQ-3D-3D7ITd_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8d=
Q0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-=
2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb=
-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdV=
FctWdx3XIsN6h-2BcHznLAMf2c7hkEyxiVahujvGo-2BUCHE7EU-2F-2BOJZtvk3HLoxkS0acWG=
UVWbYQq50-2F2CtJGFjcNLd5Bs3Y8BrknqtZ0MlqsecZOoS79rJTD-2F7q316HUkn-2FH1F85Dg=
bpMwV3Cl2f6jW9RANYJ-2FmHLt4tB-2F1khwG7mev5zGUPPTIZdOZbRJXbRW8219RuNoW-2F6bQ=
q6hkUHrrHaCoBIj7VrV8VDXH52rPf2PZeSNH9mhbrM-2B8j77X-2FcBOR9EuRwlTxrIyfq1bNJ6=
gWp0C8xM" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Q3 2025=
 Global M&amp;A Report</b></a>, sponsored by Liberty GTS and RSM.<br><br>
                               These deals totaled $1.7 trillion, the highe=
st amount for the first three quarters since 2021, though still below the $=
2.4 trillion total recorded that year.<br><br>
                               North America led the recovery, with $1.2 tr=
illion in mega-deals during the first nine months.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEtnSnQOZI9PTmc-2FB=
Mm-2BjnfbfrqDPeHQ-3D-3D3cTu_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7=
TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0Tovtx=
W68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUr=
kvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3yEW0N8pvp6gUq3mmk4Qs2GDzt7c0Xt=
iqiO7lnZBYqxxBvG4ZfjDOa4pE9PLl96BJH-2BXtclTc5Mn6Cml-2FP7goe1VhzYOoUzSgst-2F=
jpiptEni8Si3xGWiPQBTCdridEVGw4EFAYKHzS0Wbl6mxrwsabOeVbOQguHNIDdVMmAN-2Frltm=
IXGskkoX0-2FVNUxFxbBzVvqf1YgQQRHrDWKr02tpcuC8hGdgz-2B7Bqnqb7jK53ZJL9kyN-2Bo=
mCo-2FLllkJq4EFoLwVx2-2Fex5KO3HWX12-2F42lC" universal=3D"true"> <img align=
=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71148.png" style=
=3D"border: none; max-width: 420px;">  </a></td>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-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 Tr=
ump administration's deregulatory policies sparked a flurry of large-scale =
mergers and PE acquisitions.<br><br>
                               The previously widely held belief that "big =
deals are bad" is starting to fade, said Garrett Charon, a partner at law f=
irm Ropes &amp; Gray. This shift is reflected in the year's largest deal=E2=
=80=94rail operator Union Pacific's proposed acquisition of Norfolk Souther=
n.<br><br>
                               In addition, the demand for rapid advancemen=
ts in AI fostered the rise of large deals. Industry heavyweights are racing=
 to build data centers and supply the rapidly escalating energy demand, bot=
h byproducts of the AI boom.<br><br>
                               Last but not least, the once-wide valuation =
gap between sellers and buyers, which persisted from 2022 through much of 2=
024, has narrowed, encouraging more sellers to return to the market.<br><br=
>
                               "The overall valuation environment is not as=
 punitive as it was in 2022 and 2023," said Jay Hofmann, the head of North =
America M&amp;A at JP Morgan.<br><br>
                               While larger deals have picked up, the marke=
t for smaller deals has contracted this year. Through Q3, the number of M&a=
mp;A transactions under $100 million dropped by 3.4% year over year, and th=
e overall deal value for this segment fell by nearly 25%.</td>
                              </tr>
                              </tbody>
                              </table>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oE=
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b></td>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from West Monroe</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_573694" id=3D"n_573694" 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;"> Tariffs fuel bold portfolio sh=
ifts </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: 1=
0px; font-family: Whitney, Arial;
 color: #000000; font-size: 16px; line-height: 1.5;" valign=3D"top">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image" style=3D"
 font-family: Whitney, Arial; font-size: 14px; line-height: 22px; color: #7=
8766F;">
                              <tbody>
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                              <td align=3D"right">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"font-family: Whitney, Arial; float: non=
e;
 padding-left: 15px; ">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding-bottom: =
12px; text-align: right"><a href=3D"https://url6380.news.pitchbook.com/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEt=
nSnQOZI4CxDAolaYkDHZRmhikuE2g-3D-3DlT4Z_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW=
-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2Bah=
HMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje=
5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2Plwae-2BE6zzM7DoCR=
UhusXtJwfK3GA-2FZC7dPRW-2FMJbWF-2B8Ay-2Bk8vL1qzhmtpzAQX-2FOSaBJWfcGeEDigBIb=
Zct7sxU2X-2BpqQD2fYp1hp2OFnDbGhBFqfss7ztxOVA8QzsNNL-2FC2YSkXg2xKgsiMETYFb2N=
GuZ8KhE5UXIM2sTkTi3IXbQ5EOv-2BmPYQqOwTy9QV5Fyu5LTAedikvk56TBNnUPovkXvJRQcsE=
XWGgVrjo5aZcgfmb0kSfp777FaUf-2BFzzHCgZ0wfigF1I32alera5"> <img align=3D"cent=
er" alt=3D"" src=3D"https://img.pitchbook.com/news/70878.png" style=3D"bord=
er: none; max-width: 420px;">  </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>Tariff uncertainty is rewriting priva=
te equity strategy, demanding sharper diligence, digital agility, and opera=
tional resilience. Scale and sourcing stability are no longer enough. Fragm=
ented trade policies and geopolitical volatility expose vulnerabilities tha=
t quick fixes can=E2=80=99t solve. Winning firms now depend on scenario mod=
eling, automation, and supplier diversification executed with speed and pre=
cision.<br><br>
                               Technology is the differentiator. It turns r=
eactive responses into strategic advantages, powering smarter, data-driven =
decisions across the portfolio. The leaders will align investment theses wi=
th real-time risk intelligence and build portfolios that flex under pressur=
e.<br><br>
                               Tariffs are testing valuations, exits, and f=
undraising=E2=80=94but they=E2=80=99re also creating opportunity. In this e=
nvironment, success won=E2=80=99t come from caution. It will come from bold=
, strategic execution that turns disruption into durable value.<br><br><a h=
ref=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuyl=
w7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEtnSnQOZI4CxDAolaYkDHZRmhikuE2g=
-3D-3DHYiR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3Ywe=
zZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31=
A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o=
1eS65TNTcY05qMp8g5JdVFctWdx00948uCGcyg02ncHxi8gJsd-2Fn9CNKV4axiO2g6K5r0ehTG=
CBVoSPdHUWKsGXKOw7UW7qtyZnbjqvITMrk3nzORfBcdBEzd9y2IB5DU-2FsdTiNaujnUhP25NC=
0fHvJtsge65lmDOflhKUzahHQ-2FKQTl8ttVkK6QxZCA5UDCzlz8pvBw-2BfnY9ImdWEhMylwcG=
fz-2BErBzjo6Y9vPV-2FLvm7cYHTgWHduPN4L4z5zuy8D8AlEcqEwdQj4f-2FpkijtSSR90MQpP=
Zxs0mrOUBc9HjqVXinK" style=3D"color: #1D5080;" test=3D"">Read more here</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>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>HLTH USA conference</b>: Weight loss drugs were the big topic. FDA c=
ommissioner Robert Califf called their profit margins "outrageous." <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEtnSnQOZIrVDmrgwnQ1Ed-2BaaTf1P=
D-2Fg-3D-3DCFFB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkT=
l3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTK=
DYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6=
kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1wyz4qpbs7h-2Boy6hB-2F-2FhrB03JH5i8U7enasb4=
0eXIZfxK-2FP60MV8NLxDu5-2F811OwfccSrh-2Fn2xed1BHi57gKSGPHDGwDDgDJ4oa8L9ZKy6=
l6PCVL9WvXYsITgTkZ3UpADPky7chfkVw4mOuJXqPFmzMZXih-2BpjttdQjdpDKH9yFqW22bmJs=
PGCA7aXdt94YIky9h5yUX-2FBIz4tiZ3Qn0tAJjkdTcoWFp7PkeIeuBQki2y5Sjyn-2Bvv0Q9bV=
4nK3Mu3AqunaRtOKuAK205tMd28p" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true"><b> Read the full recap and analysis</b></a><br><br>
                               =E2=80=A2 <b>Morgan Stanley has agreed to ac=
quire EquityZen</b>, a secondaries trading marketplace. The move comes as f=
inancial services push to make private markets more accessible to individua=
l investors, including retail investors. <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzUPsU9QDoSj1wARhd9G-2B5-2BoeZFMDXyOWJlw-2F-2BuhqA-2FtZA-3D-3Defc9_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0=
Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S=
46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnN=
CsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8=
g5JdVFctWdx2eC1RgnaTF0DwnpiPWJG8DqlqavDuUfKkiSwGA1e1-2BeRBUmRjBKeAPMAFzNaVO=
Wg4GGbOt2SZvj9NbhLNOit1mfGodVFNmM1SSwlOeR5EC0wFf9E8AmApZdYJcb2dyYoh-2F-2FYj=
OUiZXXta1123vSk-2BIEaHAvy2UmTfz5x2WwspcE772Wzu5-2BJhBzpWlFYIzF6uUre-2BJA2qp=
uM6ouqZ3DDwLLUv-2B-2Bt1700vxS86w-2BgVh2IdE6C8abKz-2FBJaVnoCSieERvadi5w-2BDj=
wKRZ4sATcEN" 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 agtech industry. <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2Boz4GDNdLxKpgMcOSZJvUTwg-3D-3DB2KM_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH=
1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFd=
NW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZu=
IYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05=
qMp8g5JdVFctWdx0yowCmZHNQCOa9-2BY0KNr0L-2FHT-2FE7AH3UvUAdSXvhn8dAXcHiiT3mhl=
JIihiv7e30HmctWJZEFa4I51IFYhKPO0fjs-2BKnejM4-2FzDzdA0z7XDhNsg70VIcQFTaY6CqM=
u-2Be79-2BsyV48JP3Rt4f-2Bhts7-2BgULdzLyrqDAsZFiMwa6ad7WKv-2Bu1Cgldjb0MDX2qY=
n3BMHK3eTLgKEskFsOQv7LgGpie7RhUlFbFwEnvopc9ZOXOo5QeBts4QjBCVLHmSGVO2g9rjAUR=
OKixgctO-2BRX95" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>=
Get our analysts' report today</b></a><br><br>
                               =E2=80=A2 <b>Astorg and Nordic Capital are s=
elling Clario Holdings</b> to Thermo Fisher Scientific in an $8.9 billion d=
eal. The sale highlights a record increase in US PE exits by European spons=
ors, with Q4 already being the largest quarter in four years by value. <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2BoFM6G6feqaBU343=
7ZwGtWHw-3D-3DkiRw_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM=
cVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0=
OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14=
BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo=
5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3LUMp4wCmAPkZnThA-2F9rbwpd2zDYR90SuiEhIQ=
mgwYyA2CiD9-2F7qqO3J-2BkHX2uGZNbPMN57vMJvtPiFV2mKCvu3tjbEx0HifaJksm-2BzWgFV=
mz5bJ3tNPNDBH0BXxeNuqph8uFs9peB7gkVAZ2i8I7nLMhHVmSAid-2FB0SY7yzjjXQH3NB8E6u=
Pign6GfHeQT97U5DAzZYmoJzPk3o-2BqgIPiB6HBMGnqXhe-2FIR1ZCUmnhmC-2FA8tDJIHWdlM=
uKnySC18JjYYiwBOJDk0EkR0MQlSJ" style=3D"color: #1D5080;" test=3D"" universa=
l=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_574133" id=3D"n_574133" 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;"> Betting on the next mega-IPO <=
/span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWEJW4G4C1kb2oEtnSnQOZIzCkfwztX-=
2FLpTOBoSFg6BjQ-3D-3DMSV3_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI=
6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW6=
8hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkv=
lehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1cKn-2B8kyyILJ7JLa-2BPxA9NKzrGHd6=
oHgiidoEl7qFx4klYidOW2RmjDwFoFhTqxvbCrOUp35mNiIQvABDXlSPQ-2BarqsaxQmUBVVGiP=
v7j5oXkfyMcrbuQW7XPmJc0OKRmOWg8SR7FTBm8bVQ2RWLfTyVul4zFAMYc-2F8zG96YeXlAIA4=
PovmeeZ09UcWrLsipZX10iStNS-2F2odRfIkxlHYY9JqnOg0Z1O85yNp8SZ1pZfLV-2BqBemLgX=
pknmXzOqj9Pm084GFF-2FGFg32x4Clt44Z" universal=3D"true"> <img align=3D"cente=
r" alt=3D"" src=3D"https://img.pitchbook.com/news/71143.png" style=3D"borde=
r: 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>
                              <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 =
James Thorne, Senior Managing Editor</i><br><br>
                               The IPO market=E2=80=99s burgeoning recovery=
 is restoring some long-awaited liquidity to venture investors, but it=E2=
=80=99s also highlighting a less flattering trend: the down-round IPO.<br><=
br>
                               Meanwhile, in the fast-moving market for VC =
direct secondaries=E2=80=94where stakes in the most coveted startups trade =
hands=E2=80=94the hottest venture-backed companies are still commanding hef=
ty premiums to their last primary rounds.<br><br>
                               Consider Anthropic, which raised $13 billion=
 at a $183 billion post-money valuation in September. Its estimated seconda=
ry market valuation has already climbed 13% higher, to $207 billion, accord=
ing to secondary data provider Notice.co.<br><br>
                               The PitchBook 100 offers insight into which =
startups continue to attract strong secondary demand. The list ranks the 10=
0 most valuable VC-backed companies, pairing each with Notice.co=E2=80=99s =
latest secondary estimates.<br><br>
                               On average, those companies still trade at a=
 14.1% discount despite that gap narrowing by more than half since late Feb=
ruary, when the rankings debuted. Notably, IPO hopefuls like Canva and Disc=
ord continue to trade at sizable markdowns.<br><br>
                               Secondary sales of startup equity have ballo=
oned from a niche market into an estimated <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzUPsU9QDoSj1wARhd9G-2B5-2BoQ3RNiypMShHq3oir4jeo4g-3D-3DjNh4_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8=
dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1=
-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfA=
b-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5Jd=
VFctWdx0EMW2ox5F0vRqxBhcaHO0iOEdoHv13YAK0lcVNRRER1LYcNyzZmxPENhClmGlC4NsW5w=
UZbC83dHwwtrYAmjGUM6uZ-2BxPyTJF5Q4Lgaj6W85Sxergos4-2FQCv8jMnjifNNOsrbIDxc9w=
P2JbiIWiUsE04Cd8EaBUr6AIZ3dMjG20E51uoEXdPe-2F8iyAydEGTb51b0V7KfeFg1PuPq2KwM=
2t9fmAekAAkwrTmPlrU71-2Bgwh6hy11jIoluNd2VnzcCvQRXZuyY27eoON5lb2ZdB1-2F" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">$61.1 billion industry<=
/a>, as liquidity needs=E2=80=94and investor appetite for names like OpenAI=
, SpaceX, Anthropic and xAI=E2=80=94accelerate.<br><br>
                               Investors will soon have new ways to access =
private companies, from private equity exposure in 401(k)s to indexes that =
blend public and private companies. As those lines blur, secondary markets =
are offering a preview of which businesses might define tomorrow=E2=80=99s =
stock market.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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cing=3D"0" lang=3D"x-content-btn">
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s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
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aA4FxdtldOaewMguEvcpN6AyU6hvB3Wi0f8fmYaxD2fcg-2BecIOe8qDib5UxkLqN-2F57t5L9n=
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src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"ver=
tical-align: middle; margin-left: 8px;" width=3D"24"> </a></td>
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">
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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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-2BaqM7ONnvsnswouzUPsU9QDoSj1wAR=
hd9G-2B5-2BoRfRMVrtq27qBuMZJ8mtTyA-3D-3Dkh0q_Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxM=
pM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7=
-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECi=
DEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2ZKIOJw932OM4G=
OFnsvmIIUozKDafi-2BgilEQNMPRZJGOHu26ae7jWIV4ZTWhjtA0anXzSIWfxkdBU8-2BybGhtA=
H-2Bww0Yhz4hyU3pXakMx3QLB3jiPaVRHbR83Ux715EF2B-2B-2B4ezGTMGB8hXLfpUz9dBed-2=
BeNCAutGpq7h2v56WUXejmbihmMceV3yeaVkJ7CwkG9GXrA7C-2FQQ0Rgtz10tlrrjLcYZuNOiu=
RO3WIfvhQfZ-2F68Zesd4G-2FGeSksIHRDgde4weB-2BXB5o2MsmKcNf2ZH" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Sizing the US VC Secondaries Marke=
t</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
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                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
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>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>This AI startup is blocking peo=
ple under 18 from using its chatbot.</b> Children and teenagers are especia=
lly vulnerable to conversational AI bots disguised as companions, which has=
 led Character.AI to make changes that phase out chatbot access for minors.=
 [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2Bo1I6UO8wO4DNZ=
QY5zNLNa5A-3D-3DAlsp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2B=
v0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf=
14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfN=
Wo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1-2F4uzX0TxfaETeD-2F3hhjecAoGmLZV-2BJ0=
22maRAT4xElHWD4Zv9t-2Fjop1EMSS3bCecQkwgTCxYOsxa6HiniM4-2B58UBar8LgcBkzP5oRS=
LBsiLZ4-2FdHxT9000ZZedDSzuaCjguLcaJLvTgA6pAoa5awYabbc3tH-2BWmbnFj4Q1rkhYNnw=
aUCbY8tdvSBi0i3xsmlvH-2Bl-2BNS8ci8yJGb7NYt-2FGx05NSxwhGzYRFWSYwGr7fRqCoBHVt=
pwquXOlhjhuq5x0gRpig8g8-2F-2F3HO2PQTc-2BG" style=3D"color: #1D5080;" test=
=3D"">TechCrunch</a>]<br><br>
                               =E2=80=A2 <b>SoftBank's Masayoshi Son is now=
 Japan's richest person.</b> Read more about how SoftBank's involvement wit=
h developing AI infrastructure in the US has paid off. [<a href=3D"https://=
url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2BoTCBsre9iLmw3-2BWYRYvgCJA-3D-3Dws9=
V_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wl=
hmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7b=
wFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7=
xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTc=
Y05qMp8g5JdVFctWdx1GnuU1V0tXBsl1-2BzWLCRWgMlnVyaJhH6uL83N93n4Kje8036VIF3suH=
HZuCQZqtFmGFcVGiNTutnSEXgkDG39r4TJYXyljQOJP5RvdGI7x7OSyey-2FFZ-2BnZmJU-2BcA=
p3MYtk4WO0PK0w4w1XA14vBURKHbXGr4w-2B-2BZNQzMojebC0IhnwgK9df-2FvH4g8nYdGPcwd=
yVzpJfi4BnecpG5UCLwBJ4Ez7XeC-2Fy8t9PPFd0tXdazubXHcGzHwM3STrUztyvRVIoEitCjLh=
ISy2ux8UfjBP" style=3D"color: #1D5080;" test=3D"">Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>Pew Research Center says 70% of=
 Americans believe higher education in the US is going in the wrong directi=
on.</b> Many people in Gen Z are choosing a different path, with factors li=
ke tuition costs and a turbulent job market turning them away from going to=
 college. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2BoBnn=
SRQGtQS1RdxjOvmYadQ-3D-3D7d3f_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9=
Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0Tov=
txW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaS=
UrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2if0K9nfNksGpyQLn19-2Fsy4pew9=
UArzHNgJNJYHKifRWiduCTwueu5AbMkiiVZecuF12SkAueikoaVCnaQ3vGSn3wQP7Jg-2Bbs9jp=
6C6sq7LY9ceMWt5Hk7-2BAzOicML1AyI-2FcNRNfwk-2FYb5mijmZt7V6Um-2BcYN6ifSuCLbQT=
x0KKqR45UdSEjlbGaIjuxEQ7RvQpR8WTNsVhDpbDsyTSBjagCLD9Ybdg7eWJEbFZ-2B5lEr1bAN=
nTTVxd3AR0WZveH7YECY2ScOfN-2B3WL-2F2iH0wno" 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>
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                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
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                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
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XDkidVq-2BIpPaSQ1BAylM0f6HoZufObPOxO8ufVvZC9HG2DvkYLau4XNw2VkH6w-2F4yKIVzaE=
KWvoY3bGumf4xLj27fXkNq8L-2FDnjjqAYSXm-2BKhtvAxDYwDWfP3UIugW5AuQRksOyRTyOmqK=
Eh-2FYce-2BdW5gT"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/a=
d4320/Monroecap.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border=
: 0px; display: block;"></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;">
                              874
                              </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;">
                              2847
                              </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;">
                              958
                              </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;">
                              30
                              </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-2BaqM7ONnvsnswouzUPsU9QDoSj1wARhd9G-2B5-2BoVrKfenT2vqlF-2BFNFPHiIYg-3D=
-3Dhng9_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
RFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZy=
aXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3z=
TiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS=
65TNTcY05qMp8g5JdVFctWdx28Hio3VzpWuVO5Zl2Mw3hR2x3KqXsZTS2hByCIkjkPOfbdq8IOs=
JUlyGED-2FEbfHbUKtwtFvURgNCemUSKBTwfUgymyXYIVac8JzUMtt-2FBBt0n6HNhE1X3GtNyl=
S-2Fzf838pHhNdhdudMbAKoG4sIr2rv4NUcnxT1UhHOPmMkKpQLxatQ2hZV5Eg3E0TOYc-2BkPs=
3nv8w6FsBxhwEPWs6qsdsqM0viEbFo10IEOUGxVeIElIf-2FEtwJ-2FNNUjoJIgNjxkN0AfgmCd=
xFZAncXkUng5nm" 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_574139" id=3D"n_574139" 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: 2022 Vint=
age Global Secondaries Funds </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
                           <tbody>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 20px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 56.436441816715934%; m=
in-width: 56.436441816715934%; max-width: 56.436441816715934%; 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">21.00%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">37.21%</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;">
                              0.04x
                              </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=
swouzX1ZW8SOV-2F5NgWc-2F1TFFsLB-2Bnr4I-2FxxYX-2Fh5ulKwEo1tA-3D-3D1Erh_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0=
Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S=
46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnN=
CsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8=
g5JdVFctWdx2madMfJO-2FiDdfp6-2BlQGCI6MO3U9LmaSULn1PGy4pELbGWPtOTrrdZsYd0r6d=
qbcsXUHyS7r8TjeVD375M1azNvXGYIt1bOFHoV5FGA6OIN9pm3HFjENfUZwwVbUhvksbYFk9RtG=
C7nw7udYI1WhCk9C2NyaqlYvkMHATVEFPdUsprKOOwckLHoZIgBYQKR6RcjBTiv2xWoitmqCiDz=
B5I-2BSCiRxnwSqDnLON-2Fx789gWQxd-2FC1anZrOkY9yDgexGxRz40OgDqtirerKvqErAtq3"=
 style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D=
"true">TPG GP Solutions Fund </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzX1ZW8SOV-2F5NgWc-2F1TFFsLBBiIEXXoijMQ8KWs4umtScA-3D-3DM9hO_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ=
0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2=
FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-=
2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVF=
ctWdx2GV3swz0JiQvetlIflLm7PNFkDW4de33t64k5jwu3Y0m5wdlON8UgOFAKQptvMWys-2B2k=
18qLkjWYExb1hldxfr9BPgDzcZDEIWNLBz9rgulmHuUvtDHxpQZYwjOdp-2F7wv77QEIg1FOdlF=
rJpBSXTOgSLjI622OXYoqwmfm6D9KhE5dwgU5d6S1vz06LUev9UXINq4KbSOeYM8iImRW7Ka-2F=
XepvZf-2BukWmxx1FWy602AYaJP7wTm6PWpj-2FL1I2h87tIT8mX0-2BAxk3Fr-2Ffn4im3s" s=
tyle=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"t=
rue">Secondary Overflow Fund V </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzX1ZW8SOV-2F5NgWc-2F1TFFsLByM2TLo-2BoanVOh6RG3Q05FA-3D-3D0FWa_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8=
dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1=
-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfA=
b-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5Jd=
VFctWdx06gCNcQGUlwyeGvRDnqVhXnmfRiPyZpYYoXgsBcGuzDNPUxfPBgSD-2Fa38smdocUh-2=
B1-2BFte5TvDHNg7EFoAus0As9Gfir-2B7Bz-2Bm72NHDgg8RGkmeSE71CDxIRqul30hxW-2BXS=
nCo5htMjsiwuLAIgvU1zm-2FXENPpElR-2Bu3EopAGU43fHbfaTn0uN9y1JGOI-2B7rE6f2-2B3=
jzLDzNvuPiHbrjNPk70620060E-2BTS0eqKvHbeM5bNL52-2BJYVXRsI4yg-2FzjcUMPGgbYEoX=
dmlK7RCfIUm" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" =
universal=3D"true">Dover Street XI </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-2BaqM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLBjy=
eNbxluJSd6jOFofFSkCg-3D-3DABcA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW=
9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0To=
vtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOda=
SUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2FZQAa4fWAa-2BNPUBKaF40qq20v=
SPmAh7BUxo6c9w0FMcLpT18VwvJ46QYYlKyPXhLJKX779vf-2BpcfbBsEmTHol2bT3qbj6ObWEN=
q2bXgSu4E2r9J6pNU08b1sdKA65daIz9P-2BYmHth9J4-2BbaXHbp7NXI8cuTIxI5yuGsMZEKn5=
qAbkjaB1RbC786ZF-2Bn7p-2BJI8nOFI0diDSgU0MXUTh3Y89h-2FSw8AqISuP1dRWdm9tAzR-2=
B8lXmC9eNg-2BjfVnYYMsl7cs7JkA2U-2BvgTENwYJ-2FsX" style=3D"font-family: Robo=
to, Arial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; l=
ine-height: 24px;" universal=3D"true">26 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-2BaqM7ONnvsnswouzX1ZW8SO=
V-2F5NgWc-2F1TFFsLBNIxaEhUAiSDruW5RUrzotw-3D-3Dx5fB_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4=
-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghT=
bpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2Bf=
hFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1RoPRea=
gb-2BaSNNJP8-2FiJ2eszNJYMchrEC-2Bl-2FGPKqyT1gBLWXNCBPzJZIInSmnfIVTL3PzOWDnD=
72oGCZ7gB1iDFYnNaqZYJMagAQvPHAqOsD-2BtM-2Fvm6yBA4xQJ-2B-2BEJCMJFj97XufemKBa=
89Fe6tdYwx0-2FpW8SnK-2Ff-2Ff0aE-2Fsqhy0AD6sErJuT81SZX14y-2BIzmqGhZ2-2FEHlS0=
h1zwCWWlTJgSx8w-2F84VUIsmCIcjG9ikBbd4N34BnuKcR76eZGmfaVblZNOULDUSZtW8KETxfz=
i" style=3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchma=
rks</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>
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                    </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"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLBnY1SawqtLQjOS=
DAQdUIryA-3D-3DBrF9_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv=
0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf1=
4BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNW=
o5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1AcsLSyUm-2Bno3bj-2FuMjhx767ugZgdfD4iqB=
F5-2FRQ23T3j6tFnFcXAFADHGEzIJHegOdFzCCx5uKlmrTlWXVwr41J1DZtkRKLcEOwXzwaJuH-=
2BRXQQudFphKNHd5hyT4cmr-2Fwk6stZvJ7Jk9ZwM6gXl-2Fx5zbmtSFdwwqpUkp-2BmCTeEmbD=
iXKbMHDfn8Fnet1TQYAvpigisUtWYc-2BmgtFTSpaLe-2B5fSCUPSQS3jHp9Nm12PhhE19tGRoT=
imttP-2BTefrsSXAQRzLuvafPQqSLF3-2Fcr" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">The Bot Company</a></b>, which develops robots for househ=
old tasks, is raising a $250 million round led by <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLB0731jE8C1YDLjx1G20wt-2Fg-3D-3DTwLB_=
Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhm=
H1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwF=
dNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZ=
uIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY0=
5qMp8g5JdVFctWdx2HQccja7o7NubxxscKP6xM3bWizt3JjRuHR3jDNwj-2Fk3-2FC23Pu-2Bs7=
q0As9KLKaNu8rp6KY-2FXbe88h7YVqs1Z1Sm-2BCJBpgc95US7qsRq9L5f-2BFzZ27EqkD-2Baz=
bGJvgWAueFTD3GPKaDw8T5FiBX9JI3hawIjy3Ntcr-2FUd3dyRiPj1ZkJFtbYLcN0L5eP9IkOlg=
Gd-2B0pEsnQwL6hLutn3kdLK1LczxtjYFiLNLxR6x8ASyA8dXPM0Ws2BQIrB5Q3T4bhmgemObol=
-2Bl-2FUzJQ7pAwa" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ec=
lipse</a> at a $4 billion valuation, Bloomberg reported.<br><br>
                               Legal AI startup <b><a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLBBCfzwsVVsJdiYhbhsUlt1A-3D-3DUyDx_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH=
1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFd=
NW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZu=
IYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05=
qMp8g5JdVFctWdx23qse-2FHkdAbNDSj22AjG200QkGhdyBscSjDYYDK2jeJ8rU3meHZsdN3yxy=
-2FtNHRD-2Bk9GVgqJMtg0fD3bFmd6HyHwxTIfV9jBTduAIIcIffbtl4vlIMm1ImgYWjo-2FYS-=
2BcC4gxAzjXStzDseeWF0L3bWv8EzK8q8QejvhSJzMQK0bNGWpp2zpjJVxKywiVWnf78wma6-2B=
IfCx0cs58fiMnxo3VTjWTkssI-2FT301yP2TEdL2EQPoXMS5vaKVwu0-2Byhg2ee2OqJbUxhxPG=
vdHLp2iH0" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Harvey</a=
></b> raised a $150 million round led by <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzX1ZW8SOV-2F5NgWc-2F1TFFsLBRDFenqFKsNbszySupX0wig-3D-3DxYNT_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ=
0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2=
FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-=
2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVF=
ctWdx1S8qLQSXE7z-2B7CSj4PjzD22e1cJ3oBXfPM-2Bg4I5BDhzO6jhqMWyT4Ih1W3cSB8-2Bo=
S-2F1wnQBI5Rbeumwn7gjjsPL6y3lBSXKLtRkSgP5b-2FGQ09AX69-2B-2BXnEgWXT7fECfPtTL=
diTV-2F0AYUPvFSPuTIlv0I148miJrnYtHFyJP5-2BkoTMq0KFwYD9JWvL1BGpzm6ODRhj8zYUH=
w3Gsh0P9wv79K7jwvIgJ549GgYARDGLbFaG115v5NdQGnwuL13JTl4ugiPE8gawIy1vg2E4qbSn=
f" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Andreessen Horowi=
tz</a> at an $8 billion valuation, Forbes reported.<br><br>
                               Cancer-focused biotech startup <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzX1ZW8SOV-2F5NgWc-2F1TFFsLBLyvJDyPIMP-2B4Kr6WSk=
s1zA-3D-3Djv2O_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl=
3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKD=
Ym31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6k=
mk7o1eS65TNTcY05qMp8g5JdVFctWdx0PEMA3KDrHMeYCj9TFp5SSKjhrQeZmnkARycJZjCX5Oz=
0llYU2nephEoiLgQL99s5iqGTDCdBNMAGqOCYDBAOg8FrGsVdrmLjCdvmxFI408AqBHdaTxuAa1=
idP5VVOh56COLTBG-2F1zeiNNCoeeNnmCygbqiRProj496ydUVDhEj4rY-2BYxV1aAgK21nJrSi=
E7eRl-2FQ8ZfTnzHFpv0xp-2BBZQ1jC-2Fn1QJa8RWZL-2FLjzolxXeT6WBhp3tvJmk74vvomgJ=
Fq-2FovIGmyMI-2F9tbJ0mkUy" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Pinetree Therapeutics</a></b> raised a $47 million Series B from inv=
estors including <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMp=
EwA-2FjsOmI9HGfujtjdd3MpwtA-3D-3D0pmH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2=
FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHM=
rq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u=
1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2YrEM6DuK-2FqLvOkvWDh=
RdtscAnT07dZoZyRWG-2FgCEFXPqUWdMFIqte6QWtOHCspm6Qp4IMjzkA6kZscYhvCmWkbMZI-2=
FpLpiW8Af2o05TIoCaZkSUIEvDKb6y8gutM9FE49-2Fv8F70AppzglUMSvlg8sTvU7tAjGHNguY=
v1tRr2mETJwGMJAWoMhJ8bWK25Z4OFHEuRR9JAbjOB8Yb8ejTz-2Fo159K0tR5u5xG9dimQcVIi=
jMX3Il2G9CS94WGFBeGGYJXiYyVuYP2tcwE1QOpbuL" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">DSC Investment</a>, <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzVLVRQGBRRgq2Wm57PMpEwAhP4d2c33T-2BBRng2cz0B-2BbQ-3D-3DM7ws_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Ns=
h8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46=
t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCs=
fAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5=
JdVFctWdx2s1ejnwjud1PxFT2yMgFhpZYZN9AxkIVYPxi4zJnYYulgcBejhETN6DB1qyKbq5J-2=
BMvi6M-2FCl27ysu7OH8oOkkuah4Xu29uz7en-2B01LIgH8UIIVhILbKZePiGQ2vyolybrd09Pj=
LMDL4sZThMUSbyMuOjgcbfSPy3VAT73l7TvhN1Lc3NnddjBOsNoI9rG8LQ08XCBxR-2F6IRmVUy=
Yq6-2FSg4NNKeyGTtFlK4pB8g6o0O5mU2Flm2Nj5KyVyOMxfewOTxY8zJkAnSkuUByf95nae" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Widwin Investment</a>=
 and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwA7XclPMLyd=
33vMBIoLbfAxw-3D-3DQcAA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I=
-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68h=
bjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvle=
hfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3t19kXTNCQbsA2c6V3jahR90bfbMsIvIHJK=
898jwXXOUCt-2FmqGcG-2FabRYuAOLqFLogn9IZUXZWw-2FRrI77TAs03wZdrXhEyu9wuPRyjeC=
et-2BMbj3FfKzVQqlKAaprhyh-2F0MlYTR7oRuJMsm7FSutRE5XjHOxkkZ8MltmnHqvq-2B-2Fz=
-2BSDwN6ZdoSRdlOn5pgFD0Z1pw2AccqhJyYwEnuOH76KLeAkDX-2FnQaijBeWwDqOjyoIlx55u=
amuFhiirGPdooIBtgYXEYUp-2FCzhXfGNyqol7" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">STIC Ventures</a>.<br><br><b><a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwAPAXyMSqeaSUcCkApZOWaDw-3D-3DDU1c_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Ns=
h8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46=
t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCs=
fAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5=
JdVFctWdx06CUyDtYkVUujgzpWeDKJOWaEf5U1xXPzA4FS3hiEq6-2BZvPufqG1B1vKMTmsf09f=
j3b6d9amurJLIM9-2Ff9v7C5C3IRlHqTMBDKU2apwyJGxxQaUt6CWAqVPjCLqMMf-2FHuJf2kIx=
jfKW0wmCx8-2BTL1uRX7kDbDWe78srP7ORzRMn5gqjjzJMfID4HQ7nwXXYVd64C0R8uOnnFjwvw=
qN7AgurG-2Bc2940PwmTOmf1nIVF5cguH-2BKLi4VWCQh8pwjhuO3lKsqMqnK1DaAZ5klkTbRG"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">Curve Biosciences</=
a></b>, whose platform helps monitor chronic diseases, raised a $40 million=
 round led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwA=
bqRxH2np1yDW37AvrDMWzw-3D-3DnJnQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2=
BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrn=
LW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0=
TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcO=
daSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3J0vtNTJ-2BE4zSBId8t6efFBG=
d5mwymiAf-2BykLnlGHH-2BLXW12owh5CPgF4-2BzqUnDyO276d-2BU7qvUpT0xu4BYL6FCRbXb=
x5nmCTbk6VlXqYt2jxM0SUFNLnJr-2F4VA8STllLnRBqXFALEIVLvwVuyeQT5U-2BLcCpkqeCrI=
we-2BUeOPWonCCiCqq-2F5U7eK0QKQIHQZh30s8LT7S7PUuz5-2FfeGgZboQtUurwffgon5rU6E=
-2BZScUqqooD6f-2B-2BQVtWgIqKktn7KJvLS094s60tiJAzhhLrP" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Luma Group</a>.<br><br><b><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwAr-2F-2FsiDIVwGtcjCmkEzad7g-3=
D-3D6JYy_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZ=
yaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3=
zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1e=
S65TNTcY05qMp8g5JdVFctWdx2gXVhWZwY-2FZ7kGK4XIblM8J56z6yBRA738vYWStJv-2FOgxr=
lVkjpW75CmQ99asFJfxgbUYo9WpcwLvXeDld-2BnDLo7imnomlc-2F-2FqvH7qIHqLOQo-2B0aI=
LG1-2BBnC7aLrOwAnPZ9xb4IStODrrpUKfrIq2WbDYag31gAQdePZvpGJnbI2JA-2F8-2FMbii9=
Wcnfky8F-2Fx0Uz-2B3sCJVY93Z2qP0jrvSkZmoOvizDKE-2FjW6HKE0jCgxARyUiprawg1bQXN=
n3yiUij-2B8V9FHq-2FqyOFYxEKM3w-2B" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">VentureMed</a></b>, a Minneapolis-based medical device start=
up focused on vascular conditions, raised a $28 million Series C led by <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwAHpQkmOzP3DeFR0mPR=
lZTYw-3D-3DVjtd_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkT=
l3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTK=
DYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6=
kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2Qoy8Ea2vpBkXo7Vf05h14B4jUf306-2BJ0YMiKEy79=
anpuCNtaBCfOoWCmQ089HLnsatkzGFTyrVvOw05mv0jeQ4Nv0hpPSFZV8Itt7u9TjFeVSEKZFhq=
7tBtuhOQTWkZzY0yluNdcY92567YkvdRzbCoKSXxPz0fx-2BwSPjpoMdyVzHsaklP0ngJeoY8-2=
BAHk-2BbtewiO76bRILsZZZ42BT9byKHWIYgFS-2FyK6WmUyrKYqh-2BpxqIphh-2FuHYlOUkka=
MzVmAT5FHPA0lkVLdOE0GhP8" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">S3 Ventures</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLV=
RQGBRRgq2Wm57PMpEwAa2zm5Xj86uGUc41tIgo15w-3D-3DA8Bs_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4=
-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghT=
bpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2Bf=
hFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx04q6cZM=
7NlWLSFh-2B5gB1dwH6H6PXXpCu2z7QKDMOgdhzH-2FPnScVmhYE25sZ3HHg-2B80Gdy-2BxVH-=
2BDGjx-2BqRpgVz95OLt9QHbn2U44JxID2jZszPh85SShcpsyWNrh1bF-2FhmvnfQNrV3Hg7cfN=
0S5RaXfHnEoSrjNRpDG3YQ0RI4Mkek328sD0kRLSiVtoxsFcwlGcVgTxLrgiVlq8iKwuKBpNQyj=
haCcuoMTHP6768L-2BlN28TVDcCxYvYYfMxJp-2BJMbvYrN25LSpUOtGrnRBe2qb" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">Indomo</a></b>, which focuses=
 on developing injectable treatments for acne, emerged from stealth with $2=
5 million from investors including <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV=
LVRQGBRRgq2Wm57PMpEwAhl7eDumwi6zkryUax4CQdQ-3D-3DOBxf_Pr966knuaHmaw6c7pKvB-=
2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRt=
b4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRg=
hTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2=
BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2IiA4=
iykyFm39R3jSHiNXLhv3yqPuftUs7cHuQbUoHEfeocmNRVonbd1Ykdj86snZ15riZMWKBKCnNXU=
FnnES918CuQjploAxSFX79ezFiNw-2FVF7yh6kJwG0pH3KC9TY-2FRsSHWocY-2FWnSCwqA-2Bc=
iufrwQhOHNgNd4ov2e3-2BzL44r-2B3vAnzxUTTnWxO7hKrrmdqUKShVv5PdT5QZeAvg4-2FOIw=
NLJ52gm86sfasl7oUxcVStGM8e6taDenZT7igPdFjS2QffSIX9Yn0taOlBeUGd" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Atomic</a>, <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzVLVRQGBRRgq2Wm57PMpEwA2vdI1LskEj-2BUpv0fLnHwig-3D-3D0R5=
j_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wl=
hmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7b=
wFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7=
xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTc=
Y05qMp8g5JdVFctWdx1OKLOE9O1vc3JMcvIWX6AWJp8-2BAKXMrIwUQCK51wwdFJrK3anJR2ufg=
w-2BLsIavKMThDow4OZxJGHyaMNl4zs-2FgWlWpNU-2F-2BhLsd0Vk-2BanKR-2BJzqq4FZbh1D=
Wy-2Fo-2Fnk2iljyJy65PwZ-2FU7vBtgI45UBEYz3J8iyj-2FbjUkKG-2FoWlxvXQ8dTlIz6XcK=
cl1hFcCp-2F8z-2FtF2bm861SgfFlAaIIC-2B-2FgdsZN2q5JNVFC4EIQK9zjgW7Kg10aTr4C12=
Jt3kJkZycUZJIQ5NdvBRcpw2P7Ru" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Foresite Capital</a> and <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX=
7pGJvt90Hyou7P1mdx2cWS0aSTiGyzjIyP9kR8G0TAA-3D-3Dihgy_Pr966knuaHmaw6c7pKvB-=
2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRt=
b4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRg=
hTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2=
BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1q356=
0QQjDcGD9IdPI-2B4gFFqvezuRwTi6w0tPwol0NiIzMByzhkouv9cyDsRbYXSVYXFSLhydZaS0e=
Y7c6s8fdO2KIa1J3qHwZTBH2zhX-2B6NCPln-2F83YQ6xkvDgfRXPtKWyKl-2FUuNYgyAq6xaYW=
CTHrJrmsi8QP1USydirbTWbD3rNwpgeg41mszJTMdMPKG-2FTUrxv23ixmwsOsQ2-2F3xikeDNM=
cyX3Jj2fZqU0ZO6f-2FL0qZQDid5s5UQ-2FUbIFsnUW0hnMN2CJ4ZAD-2BnEWzpNmp" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Polaris Partners</a>.<br>=
<br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWs3UOzfD=
ouVvWzRS1UIpy4A-3D-3DpIkc_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI=
6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW6=
8hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkv=
lehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2Ab-2BxO2v7PSfMAMi7Dsi3i9Qw3zWilH=
knY5Fx3zhyjBQ0MWWCBDQj0Oz2mk4qLscQF27rtYt9elWqy08JonZLQ7fZLZ2-2B0CiF9P8lC3u=
85cShqtpIwLmCvu406aUckKK5I53E0iZpql8GlfLAhAwhnFU5rQCuLPffXt2Mpt9wG12mb3DpKg=
nkX4xN1m-2Bfa8FB2przEf46xwWwghm6sPHlA1zTrZaXDs25l85rMTJXUdc6zcLrRgkscZ3EeFk=
xOIwME4uHoFZ1bCeM4YIAL7iAZ" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Reflectiz</a></b> raised a $22 million Series B led by <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWviljmJ6o20n5ZHZygkCX-2FQ=
-3D-3DIx52_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3Ywe=
zZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31=
A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o=
1eS65TNTcY05qMp8g5JdVFctWdx3dIT7QvglXSap8wjkNWzrIgCnGOtqF-2B5Nx6E0uooOKTkbR=
-2F4JJMtSBKTjIXaxt6PcyL9-2FI6ogtYrFFayVfxwLSBX43vaBDbpYECNLBcZBnedclinJwGWo=
AzhtDGd4eutjTHuTl-2FMJgZWjqwE-2BJguaBeXNvNHhAksbJiqupM4MnYLHdN6a6ZkM2UYLNg9=
BXbJkTU7mIlXl2f9RiRgRrE7zwYlWTDl4PLPiYnavsx4vCusVuJIakSJ688bPMRwMgR1xi3bJcd=
L6S-2B15bF8LOBmqv" style=3D"color: #1D5080;" test=3D"" universal=3D"true">F=
ulcrum Equity Partners</a> for its platform for website threat exposure man=
agement.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1m=
dx2cW6tGsfF7yRviIdZOlnCeSHQ-3D-3DF0Nr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2=
FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHM=
rq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u=
1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2f3Ivv27nEzWByK6uwkzP=
HYxltc9FNk7O7sQT63eET6pZoaoxL60mFKQQ81WDo56ou1nC0GLAlgUbSjc4KZzy0un74jl6O55=
NFbx6eyAslbuje74mG7j6bXLtjSWHcHyAlUWgPiyVj9EahtvPal0G83QW9IbIn9hFxxAnkjr5cD=
Rftx7U6kiXHb80BoNQ-2FHwGPcJkPlTCRTcL2iGpGIkdG4REAp-2B9zCCNjyIyVqG1c40shmkjg=
YnmN3o2oHa0yC27mEtxS5RAihE-2FGtBebWm7h" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Arya Health</a></b>, which develops a platform for home=
 health administrative operations, raised an $18.2 million Series A led by =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWj-2FlXi-2Ba4ZP=
Pc6c7SsEkwwQ-3D-3DJoZ-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4=
3kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-=
2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hb=
jf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvleh=
fNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx0zPBJzc9VeNgDBQXtzFWZBIlBzGLJvnlTSml=
gvDHHntOIOZXtGvEvQUZmeTRrqOMsclU6zknqSts541GEQS-2BrUMwD-2FV2N5d1HJE69ye9T0O=
RByJ-2Fg8gPLhxVmwjBrCqcuEQd5yShoRE5mViowia9PvxVyEHO-2FWPeO6qUxrxNhte3y6E6YK=
4-2F4sblH18-2Fql-2BV0xTyibN47VNe1PrxKL4x0JRoIobVDzjgTRv1xpP290WayKCyZIi0mgi=
OeWPPsdzbFSz-2B3tkoDFbDfj50TmCNQL" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">ACME Capital</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-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWed-2FAcT5dckxVfmpdjj=
W9Dw-3D-3DZ4c2_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl=
3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKD=
Ym31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6k=
mk7o1eS65TNTcY05qMp8g5JdVFctWdx0se0KDlKYBVsNedL3cW0t-2B8XKfj5tXzCi6NUwqQxGj=
Xw-2FYRBDwnusZGsDxbLzvk3bAMdrLo1XHbyqTBedcAhicgGjRzybnEarIY7IUdiowwrny88zm6=
wvrbUuu0nDUYlqfGq8BlUR5CRyGwHRSzHKRdLSNq-2F0i4zkngVNr3Fcxz-2BqRe9JNUOManJcI=
P-2FHPDmGN5LRm-2BPfVtazq9N1Okg1RC08duoPWPEOHXWlwwaKn2-2FgUJOedApgGVXW-2FAg3=
2-2FLLDJUxdPjNIYZXbcuuJm3or" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Francisco Partners</a> is acquiring Nasdaq-listed <b><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWgLDW0hpwf-2FS6Dto5jNmtiQ-3=
D-3DWgeb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZ=
yaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3=
zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1e=
S65TNTcY05qMp8g5JdVFctWdx0J3F7oDQy3U6hFw15kPO44r43U0XGmt-2BBdSo5Pt-2BQMpvkD=
3XpdDXLyPCfGdZCIorqn-2FyYiAUQDvHBYFKecOGUZ3zeUKGaDPJRxGYIrcDbwBNLaU0akT-2FO=
0UZv-2BfSpSNQo04HVAmrl5vJ5-2FSYvP4ttsIO6uRaHRu1DlB-2FcemsN59l52t56wQkbwk85s=
EOBSvYWxKKOzVWqTnyRd7rEe6kAfoY8xvd-2Fq7KC2ZAPxBwoo28cfCTgyPHNL2XfHrcfa348DY=
iwXtrAO4LE7KAd-2BziVX" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Jamf</a></b>, the operator of a security and management tool for Apple s=
ystems, in a $2.2 billion take-private deal.<br><br><b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWcS9NPgGnZ9zSa8-2B3cA0X5Q-3D-3DLLHB=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlh=
mH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bw=
FdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7x=
ZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY=
05qMp8g5JdVFctWdx1xiFhxON03p2YYBj0cSwKvXFmM1fP0l7BryF6OcIeAaGvaJ6frhFb3CtUj=
cX0k5gwWyJq5yo9QNi3mb-2FB9zhSSMnWQSChRC1SDi9Gde9EgSZPFyV0NQLPp-2BS8bB9UBGqu=
M-2Bm0eniksIgjvNWaJMSKTkSjgJv4xPfjqlo7wbhlUjEvwzjrsnEBSYWAPdSqBLosfhtXAgRvc=
73CKrcc7TTWfXsnuTWRcEuI3dcw2CweY-2BuR1-2FJmI3z5rIS7-2B51J8tOWMlBp67k33pg5sT=
88-2FFYv2" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Warburg P=
incus</a></b> is investing $300 million into property-focused secondaries a=
longside <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWsTcGf=
Tdri78B9g-2B7qMNO3A-3D-3DJPKC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9=
Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0Tov=
txW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaS=
UrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2ioplhYQXMXPqEshhB9UsXjlEMQEl=
s1RbsrHpWP7MZAf-2FseMlIWqRn6KJiGYJf2zdyZZkdt26BsL3edKyrdsK95AQe6glA9PaO-2BA=
G8dmicqvy7oVYIea5W8JnCgt1Dg6OGwFl0F2tK9uMBMd3xsgxRCmpIitJDeC1PhYRptMC6p-2Fh=
nYyD-2F-2FH5GAAAY4zrnkW9a93HqlXWkBNj0r6CgSBHknJTe4i-2FPbCQiSKV-2FpYUSTlYv1e=
JiGwEaLGMLJciotaora00DPYJ-2F39NReLDNRnq0" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Madison International Realty</a>.<br><br><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzX7pGJvt90Hyou7P1mdx2cWWOJ50vhelUTm08jVCAO-2B7w-3=
D-3DqsPy_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZ=
yaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3=
zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1e=
S65TNTcY05qMp8g5JdVFctWdx2E47qlax6VzxD1tEQyPy-2BVMCyQVNkJKVH2nt65Fvcu8ZQnrx=
Q0sDWik0RnYn2rW-2F0UYyK1XfAcc2yem8g-2FT3FRhrtwfMaPlg56NtMvJuGmn0NF6syVf-2FQ=
wQ1Me-2FOlrE633m1b2XwqrfZmCo0xUP9IqiYLq5VJnCpwICJoEzk5KJ9iFq5H9LQaZnxY31LbZ=
UhQkEd02gg0O4b9WDTX-2F7MCnwbHPCPgnnUTDtKxHGXmF2lgDm2ptMA4zj8s0pH3NzlrvLUBky=
ZMKp7jXGY8CAGHO" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Bai=
n Capital</a> acquired a minority stake in Montreal-based <b><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NpjaKBdbx-2FSMuQyi2ly8BdQ-3=
D-3DuEO4_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZ=
yaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3=
zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1e=
S65TNTcY05qMp8g5JdVFctWdx1G6uMp7z3he1P-2BekYaiZtriCC6c0YHkGyhsmTRbhRpRG-2Fv=
090uC7Nt5HwUovnjAKR9efnjuGeGwKIgN693jQpE2Bw6Hab9E5LwRLU9w-2BRqRut4fiVyqFTH-=
2BZouYF89OQH-2BGZMc4Z3wVENSLwiEbZ6WVsi8Plt2udkIZTV5b75bNeWywQY-2Fb72Irds6Vn=
W-2F-2Bs69jMIWACi-2BsBU0j-2BwYwV23vlBgzFQlgIGAiqg5gepSGtigPtphhxFOO7Upbxp-2=
FWiHE8aGnTlKcyMmBHyRh574p" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Innocap Investment Management</a></b>, which operates a platform for=
 allocators to manage alternative investments.<br><br><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NUORUHXbqX54eD-2BqHVPUvMA-3D-3DKb4=
1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wl=
hmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7b=
wFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7=
xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTc=
Y05qMp8g5JdVFctWdx3F60s9VoJ3gBZ-2B4jC533E43GlhG2fta7-2B-2FKSRzUzDPhAT043hlx=
j1CFPdqIPcLBzMck3uevd8AkM5DKUITyDsjFiiz2S4hkDbbcl-2FM7LGPpJ47jYJEyvv-2BrrRT=
4xTEnq8HNxomLzBqRm1oSHgcx41oAy-2F6wQ-2BCRY0-2F-2FwHvOXYP-2FnrkSyTmbSYvSRK6o=
sfKpK8Kt61um8qewChZOOr8-2FscT943Hp5JKGfQ0JDgvFhk0DLRS4grFZdGEJTHHe1wZMQQK5e=
V6IkPHZY2NBy3C0Q5W" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Cinven</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64g=
W4NbauXayrSLkjqDzhCGEQmzQ-3D-3D2WiJ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FK=
yrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq=
1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1U=
xcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3u07UaG-2BNr4qkQxcXk0q6=
fY8yo28l4PaYzB7gArv3SU7TLECbdo881E2CH8QPJGwU3r1EFA5IQQh3i5L0jQ070DwIXZhGQhO=
wEtEzTZwitS6CuVR42SaPPkqWFhvPVSBmT0Bd9txYj-2FvT-2BvYYv0-2BiQfEkowo0UAyAXWqK=
WSH10sbaTFyAi-2BmMnkjK969Rf4Rdr0irMOgcIfsO0D409KeE64mfYzGh3VD44Tv6VgjctkXkX=
4pvDjDfJ1-2BPCmCU-2BxF91uw5gpFMFNjywLhFyuOiW" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Mubadala</a> acquired a majority stake in <b><a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NFF3zhiJIDFZkyL9-=
2Buy-2Bizw-3D-3D_5eS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2B=
v0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf=
14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfN=
Wo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3ANkPTel1IaOWRMEfXI2IAGYRMvOpcLB7WWY9o=
danMvVFKo457IkHm9LSPL-2FN8snwH9hlRSZrFY-2B3qGP9CDi35CyVqAGOkmXyBPVVaA6GT-2F=
Kk3NTgMRJEyKBG-2BnY3yH8vyGLQQcezWt13Olt9-2Fu1O6p3dK0MsTAmh0E7-2B1UHa03bKy-2=
FV9on8TTZ4TlVc3N5yBe8-2Fr8CIBQb-2BGDzFBVQA55vvLWS5Xf7DGgRMVrUHIbbjoaYRBQFTF=
FRm7dmW1t8zGPkLfDxZPGrw5FqasQvXs0" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Universidad Alfonso X el Sabio Group</a></b>, a Spanish priv=
ate higher education group, from <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8=
N7Qw36KvTBq8-2B64gW4NOIp3ZPFFbIJlYIC-2Bbra1mA-3D-3DuUdk_Pr966knuaHmaw6c7pKv=
B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJ=
Rtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQh=
RghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr=
-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx2WW=
NSf-2FBRCJG6tuvTzBecqHDyH-2BtqjqQWWC9hhtqMI92Aqnwa-2FPvxLkIRhKrKBvvrekuE0xN=
cPS9a1mxVGFog0E51EItDrQmvaXm-2B3-2BHeYVt4SblIioYKrpjCxfc-2FEuRH9s3rqmLbRP3-=
2B69NUBokOWwVqZ4TQgP-2F7tFl2WPfl3yjZSxaWOkiemok6udeSPrNP18SPsbcqS1DwjvmZsBt=
6PjyUEyEUIlS-2FZlZWiirZl1KriTu8brUri7akHBY0Ia2KkvtQ39LQrFtODEd0JWmHd" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">CVC Capital Partners</a>.=
<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4N5cPt=
A6a36LjAw1ctd6hNGw-3D-3D3ZE2_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z=
7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0Tovt=
xW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSU=
rkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx11ghYzX-2BujAsXNkEKEU-2FwJmyLc=
BW92f-2BeRkRe5PUEXQdSBmDFgHOryBie4-2Bv-2FraAWmWp0WEUuywce478P33vU0a6voV0Rh4=
MLxC-2F9yoTRmhpHqwqz2t6LG58c5rkTfXGaWplmuvqj4FBXYqf-2F0KAYqMrBIkUl-2BNpjC5D=
YYmO9mUQcMLQyBBIornEk9S7x6Iiz9AqCx52x7bAva0jYfiyj56zteflE8GsR-2FRz-2BrlaFtC=
CrPvzQjqGSkTWg4NeeR8c-2B0NoTlvcPs6z-2F3eXMGmkY9" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">PSG Equity</a> made a growth investment in <b>=
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NekOJPm00ST34=
9XOo9WXDbw-3D-3DJ7Pl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2B=
v0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf=
14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfN=
Wo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1y5XIxzWd89poP2XPEcGA6dOtw-2BOduxkqZNj=
0AJVmxpz8CTEUiIrjdZ5TcUBkXxzXXIbqxGG9qgCO4UEfL-2FGm1YIVFtqn-2BmRtS1L9ClrFWs=
-2BxAiw-2BXGRjVt2AdHKH1vsOQbqW5Rx-2F4Di6RrBtVtpJd9ZU1WdkZCZKCUUBA7duv81-2Bp=
yMSTbqD-2BjkNr-2Bo1klG3GUtoM8RsnW0W6L-2BNU77NhTqhSoDPpMB6GtlKiWm4cWELvyr6Th=
2r3JVvtUhZNQnz3rW1p-2FHRj1doj-2FWK0tSB3" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">QualityHosting</a></b>, a German Microsoft cloud solut=
ions provider.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq=
8-2B64gW4N9o8M6V4Rd8oIiVcUsD2fgw-3D-3DsbLc_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw=
lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM=
8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2=
BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDE=
kje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx32rBEMqfgdRvoR7H=
5YagWH9IhksuCw-2FbXPrjT8-2Fq2hi8-2BaHVKFByOfjGSGdAaVmOKl-2B9woaNKa2EkMMdJBt=
kyVeKWhNxdEwOWOK5qqCOudPpIbkzTYx7Pn-2FO-2FhBI6jAU5iWJZSL9PSEWiovy-2ByDczCN3=
5C8anNw0Mno3bQjMraQLYhwOaYDbGCN3YV3ahCJsCPC5TNcpDi2oPD1GSdqxqrS56PqJ1c3UQck=
1oPkp-2F85EzgxTeD6Zrq7FfjWFPFRqcJ9bPs-2FOeDliB58j1FWAt3" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">Queka Real Partners</a> acquired three=
 Spanish telecoms and tech businesses=E2=80=94<a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NLAhLEwmeZzNhWFg15WHQWQ-3D-3DDAC6_Pr966knu=
aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh=
8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t=
1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsf=
Ab-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5J=
dVFctWdx3dAEh6jt-2BX6ayqKLqN9yKug5tiVuZQQTUYtvDw48mwLf-2BRpkfjEN2Adh92AK650=
7entAzdlkMft-2FeUDd-2BwN7sO5uDb-2FN0K4Y8byeRIdu79ldgCkOXyyvsUA1VOL-2F16OvxC=
3p-2F0LLdjyfEHOHOzMyQks2Qhdza8OPn0rIbv6sX6qLM2JLIinYmjX6SYIQpr95AqL-2BgF-2F=
ZnEqao1E3i2w3a0DsjYvl5hFDkWWq1TFzQMJhdtgJKq-2FmWslmvyFrfklmYzCYYrGoV3cRZX7h=
pomvVx" style=3D"color: #1D5080;" test=3D"" universal=3D"true">B2com</a>, <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWK8N7Qw36KvTBq8-2B64gW4NxxEjcEgFV4mEj=
yeNKaWMHQ-3D-3Dph6S_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv=
0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf1=
4BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNW=
o5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1no2F1CrhLk3dO5wR6CjxkjC04SHA-2BSzBzshU=
Pue5LzOUW0ESuhTttFxqpJ01uBxmCBilpTCjwyaxbuYr3rmDi6gHh0i8Qi2zgRuhtwZ0FRH9kok=
w-2BXhLnMRzGpyxMuBT9gfKVS1OHikGD8o-2FfF0kno19-2FoeVs-2BJNo5gbg6g-2Flf28kuU7=
jm9B7XUwZbQh-2FPuhplajvbodCoRDz7WWGnTDRZHCubO2T4dLgn3YE9KDyw4vXzAk5AFX7wyOf=
meFs63nSUz43HbgyySTgYJCd5NjV" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Smartgroup</a> and <a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3f=
CpTXYHh4BSqc5UY7tNj0j9dBaf7ujaKBkWkgg-3D-3D24At_Pr966knuaHmaw6c7pKvB-2BCEiD=
nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BW=
YxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3=
eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFY=
ECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3FMnu0-2BgZ=
-2BVWADqXCXG28fA68jGq3ihsU-2FRBNVSGltwTmHfXObij3L7ZAPAImKQwf-2Bn-2F4fDmTKZ4=
ekfohqe8C6F9dQsfsjxOEUaUl14atvEUvQPDW73ttUtbC9Lng4no32IefQSCpHE2BM0ab9njn0g=
I6nMyEiBuWgE7VQVPR2U-2BCaddIfB9W3qwpV-2FlcDGfgAsOKwPxtkW6m6F7DHA6T1WoOwcXZs=
lYpgG7OqSrUfUaZHL9fHa6KFZz-2FrWS3ZL92zs0P1GFEdbS0-2FFCf1GfRs" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Datos 101</a>=E2=80=94to create <=
b>B2group</b>, a technology services provider.</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">Italy-=
based app developer <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4B=
Sqc5UYjU1Rccjo3X1IXH6oVPGoow-3D-3DHivZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL=
0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-=
2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahH=
Mrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5=
u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx39TVCeNspsekjwsUakJw=
OmWiDMN86dYrOmyfSTwch5pNNlpMxhZojjDsAeUj88Rx2Sf-2FKlAF8lbSXbqY6hm-2BFhim9II=
tZNinA3WWAYKRIPpLEzkvb0hV8jMUFfIk9M3FgjpDLW-2FB-2F7xkRlXTsvUv6ibV7qfTdtSQW5=
Hm-2F4QXpWKtZLEkx5RozMlP7k8lPsEjNg0SZaHlIWd0-2Fm9UUojmOq3omEssOv-2F23PInjix=
IVUCn1vvvo8KhplNFsLRJHgT2TZN-2B8vshbxZx6mblrqQd-2Fw" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Bending Spoons</a> acquired <b>AOL</b> fro=
m <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UYcc4mSh1W2Zlg=
sZEvgR5AnQ-3D-3DJjSx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2B=
v0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf=
14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfN=
Wo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1Vni2kq9T5JQ6lBXHKwc-2FIwmYXCHVl-2BuFS=
Hx3LPdhM9w-2F4Lf0ohOy43CTHtRV-2Bsq5oaOuh3K0YmJXifzo-2FP9nFH4bygWcsEY-2F6xhR=
Vo8m32KG7mLN5oypXwW3t4ZsHlB1iEplIfxnKGU5gEkrAT4zWkD8OkROiAD-2FRUWLhwDtrmlzx=
bi-2FItKQSmwoEWLnW5ZfoUrj-2F64VyvdvvsgLuayn2W-2FyZYvxY1hJbmlrvvKR5OPDNCt4Qw=
zXiipMLbKqxynT0M-2Foz-2FoACLBjSrcQe-2BTbG" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Apollo Global Management</a>-backed <b><a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UY9xKyOpaHmj5a3im9f8Evmg-3D=
-3DUYBM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
RFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZy=
aXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3z=
TiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS=
65TNTcY05qMp8g5JdVFctWdx0SalIt3JQwK1Nnr1bN371xbm2XxAvHxBi-2BTaYhZtssl3Mp08I=
MFvdSny5aPQ8VJelpL5STmIqTxjzFAO1hltBWu1hYcxKRikKoH18kve61tEujqo1eUoHcxEgZNi=
zQLZysfVxf-2Fk9xIC57D8HVh5dihIdaR7FVN1QDhXc5nEC1XuRAlwTRmQ9cd9kusQZLykoPfy3=
AX53LHPx29OgxtL7F3cyopxSluPa-2FlqAyExbIFrIPKRosVDUrT27YXGz-2Fau0O6H88Zo165P=
jEEgbrc4xd" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Yahoo</a=
></b> via a $2.8 billion debt financing deal.<br><br>
                               Stablecoin infrastructure startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UYlWHPy79OwS7Q8dQp3kvtL=
w-3D-3Dm-AH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA=
68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3Yw=
ezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm3=
1A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7=
o1eS65TNTcY05qMp8g5JdVFctWdx0ZUm6-2BVKzAKbaZqXGVX-2Fz3JyOdk9wqpcafI7AsyTtAK=
XGDnZLD97tkoo7-2FPzSQtnyvKAF3vijxcDGj9-2FPaDkRTSOAhV8AgD3kBPFt2-2BoQYxYJ3Ge=
OVwozoZgQheHq1hKXYxPzQb6xWKyYze4aYIkUoxQ8by7QMssbew7ER-2FUA16UBdm35d9O71-2F=
ywwzcqdutxnzgiFN9yr6L45l24T2c3fOVpFZLncf4Dpxp59F6barDvkMeTf7KIAApJV2C7-2FdN=
1KlIW8JZVfD2MsowN18hDq" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Zerohash</a></b> is in talks to be acquired by <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UY8-2BzanfBr-2FnhBhyQ3B4kGPA-3D-3Dh-JB_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH=
1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFd=
NW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZu=
IYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05=
qMp8g5JdVFctWdx1lcFV1bNsrUp1-2BU4pLEzsxJVaWoQhAgooQXnoNnq4gmUlbynix11of4MIN=
G1ifKnsYK8h3e0zOYn1hAnBknaeeoMJ-2FamSLeb30pV3y3PHR2RpsDULdZrlrkzu0GXm7mKrR-=
2Bsy-2Bz-2FWBy4qum9G5VdTEDHme8tX3mWCa4atW3x9SHVQCZxiwS4qO-2BIbnQmUPXtg7VMgr=
B95wpqtBaorfXOMthWnDXMJxAO3MDz-2BNBkHrJhbHh2zk0V8cho7BiFz0jGL2wQYWhiuRbsYTc=
yc5-2FVTD" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mastercar=
d</a> in a deal valuing the fintech company between $1.5 billion and $2 bil=
lion, Fortune reported.<br><br><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo=
3fCpTXYHh4BSqc5UY4jG7ZuxFdsRau7iYTzGVCA-3D-3DDT3K_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2=
BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbp=
Y3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhF=
FYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3uGrQ2ixQ=
N1SBSaTii7EibJjFMCmaYiygt9kSY2jfS1CqdXgBIucfO7jYCCwn9K-2FmSBA-2B8pSyPjawugQ=
03Xxb1ozRoavqkhXuReLcbLde8LyadRuQt9NyHsThaQRSWkG1feauogBbMPn-2Bk4ucM07l7C3I=
o5hMYSqFeyEBildEqL15qFr0SYtrt-2Bae8Lk4449xDS7uVsvcZGZ3IfXYOnrindKXeHvGmVCM6=
FpmOpCeLGvzIxkjroL0s89hsGAB-2BTDfFM6HEfkHgGHU32ghv1PJk" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">JF Lehman</a>-backed UK aerospace, ener=
gy and automotive supplier <b><a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3=
fCpTXYHh4BSqc5UYllzdF0pL2vm0YLdYAIU-2B8w-3D-3DO9Cy_Pr966knuaHmaw6c7pKvB-2BC=
EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-=
2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTb=
pY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2Bfh=
FFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx0aPsoRXP=
A-2FeP-2FbvYxJl4dz5U8p0oPd3xhRJQXTmmSKPSwpMZYVLiITvRAe0yG14mCwBHPDs2zhVMEdw=
Ja596TVE4FwRfl0uI60kd18x3TYSIsvtapmlcTRgLNJzl7bsRdvM7QStq506BcKTZHC9iorcav7=
qWJ6jwqrIsUGX86nxxt-2BeezXXIdpN7VzjQnS3HwP5-2BsAAld6YLof5-2FnZ6BmGrUJCNpl1B=
vaK4AT71HMuXSAa8Z-2BUOOVhsssMaWAynQBgMJ2JWUtjc-2BV4ii29-2F1Ww" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Doncasters Group</a></b> is eyei=
ng an IPO in New York, Bloomberg reported.<br><br><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UY95GLaEuaMJVyb7Ur4ESapw-3D-3Dcjqs_Pr966k=
nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0N=
sh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S4=
6t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNC=
sfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g=
5JdVFctWdx3vrU05dN2Iu6kH5rFFpCsIW1HCpSugoeHu-2B1yEgocQZdF6piW4BbiRyi0o3Qt7W=
2QOGF-2BPAQL0ufYQiTvzU2KOPNIest53F2h6Bx9J5FLvi-2Fk4IKOABYHHm-2BzuBerIq7o6Ar=
oUvCSAK35FU0Qa5-2BexCZqYDO-2FadoH08le3lEuo-2B9aWBHlmnfEnRyse1jwPElNnsOmTvIN=
DpIyANaui8DNEs-2BAxzZx6wbpxbWYRG8kCLjg8RynLTEq0hZJXcJfi-2FMcWcvHgOpgxKY2SQl=
G3bF9F" style=3D"color: #1D5080;" test=3D"" universal=3D"true">KKR</a>-back=
ed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXZLFo3fCpTXYHh4BSqc5UYKdYONXqs=
STfgH4bCuEJQMQ-3D-3DeUEj_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6=
I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68=
hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvl=
ehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx1n6sVMLvyoM-2FQSRFNk2wqikGyjn59feX=
VwpvQrbWXpPyfOxD6GrF5hv9QK8XKfcHOjEQFUypoGclU-2BuRtSLPVaf-2BsJ3hmxu0gJSMXl5=
th4HhoEoEj8-2BywdvORbyiFt63zaYMQlSfTxDQEqbaK7W-2FhHvLzhIihYkcBS-2FU1h8pp8xl=
BpvJ2cFwAO3hTuSAAtLWN6ru54luCILgjJ5cAR2fYqHQE04UjJN3SEP3wnsoPeRXCv9OGOHP1Pq=
R-2Fu259kNxIh17QyIMqRpAhbWlnnsVgS" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Vertis Infrastructure Trust</a></b> is planning to launch an=
 IPO in Mumbai by the end of the year and selected three investment banks t=
o manage its up to $568 million listing, Reuters reported.<br><br>
                               Nasdaq-listed <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLV6P3rrZ3Q6RMOrcAono5jg-3D-3DQgus_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Ns=
h8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46=
t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCs=
fAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5=
JdVFctWdx3n2C7N1fGBEGwKnWypPJ52-2F7YsBDolpRLK7yn-2BCnk9uYeXGHjG07mCDkBE3Ya-=
2BK-2FQa9RpIKm9S75BciO0ZoExDBpH935uWplfuMysGO1H3cz1psqkpc7ZG3Al01xsajc6mXHv=
y6XxImuygaq2Rt9qWH5T83SdKvBPtXVKnTwRBG8Lgmehn2nNHHQ1N3BUHGZHO86LUDmgODmxif8=
4tKRJIYoS4GhuRjL-2BHtFzuTIDlywCcwWat3m5QaU33mD5FqHd4RZG3viaZMnpPVLq-2FCT8j"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">ADP</a> has acquire=
d <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLakTlPxr0=
wRAOfztjezrhdg-3D-3DmChs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6=
I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68=
hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvl=
ehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx0JMuy5YjHF7dDMfHt6j8EcGYetEJtCOhfA=
NjH9Kg67jwA-2BvKpuC7QxMzcSdAmm-2BZoDcWNH9nZ3NkGr18ENEPU-2BtJ6bcDFRVTaQWcNlS=
6cYctP9znSN13oTKSXHdif87PxhYnGpDI1xIG7weESvSirp8nMUjAakZpE0UF1K4v9i8dIsy3Db=
Esii0oFDirj0kpRsKOB6R0wdkiMroos-2FhUpuZN8memTRfGt0MJYu-2BbV9ljq-2FoF11hmVLZ=
Z8-2FmTrVsjzPAS3cM2gSXFEish-2BcK9b2" style=3D"color: #1D5080;" test=3D"" un=
iversal=3D"true">Norwest</a>-backed <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzW7E53CXYmi2K9-2Be-2Bt6BBTLRWMfZCPpHnwo5x9VK4NP1g-3D-3DpSJ9_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C=
6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FT=
eSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2B=
zXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFct=
Wdx2ix-2BLq8vP5erJ88SvYU8-2F2atWabH-2FKd2T9ZcUma-2F-2BnTZEOIdAKr4W9fiwtZ0fJ=
FHULRFWNoWVGpVre6lzvRamydtSr0aJCni4ubGLo8Y-2FeGjRAB7mpQA6P6WB-2BjoiPDgW11M1=
-2FOwoFPkpE4MsMqEPyIsJNxTv6DURHUe92D1gICPf-2F-2FZjfO6uSkOBhP-2B970mD30iLxDK=
RJANtqxRUT-2B5qVFxl7y5hpI8-2FMN9nIL-2Fa9uX5AM4qMqxeNvvU418cL6e2hEKweEp1atbE=
g3BYvTCmt" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Pequity</=
a></b>, a startup specializing in compensation management software.</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-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLSPUYmti4j0k8a=
YRBXBthYA-3D-3DclX__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv=
0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf1=
4BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNW=
o5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx3nNR1jfTvOQWTOnuGnTN91NVXjXE4ZKcJzYYcmh=
shoDn4mwGCLK2FjS7stx9aQGMBL1Huuruln5yRo1-2FfpOI9KzTWwA9EPUGDRUNih4vpHf8UHNs=
S0Oie935KWmdDcdbaTOWQ4qCa3zpzxB-2FFxtPxZ7ZxY0KydbmtC0DfCM01-2FEdVlj3miOCnkq=
M-2FPrMV5Waf44MJ8tDPyzt7kateic1EBfH8Y6bhphGdYuGDnVOqplV5D0YQUDn92V-2BfJWTKU=
ODFmytgZNerDWoEBhIHcRtoa" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Ares Management</a></b> raised $1.5 billion for its first specialty h=
ealthcare 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>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-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLwx0Pz=
ww-2BAVNS-2BNzDHPHUoA-3D-3DWpHU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnL=
W9Z7TI6I-2Bv0OkTl3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0T=
ovtxW68hbjf14BTKDYm31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOd=
aSUrkvlehfNWo5S6kmk7o1eS65TNTcY05qMp8g5JdVFctWdx0RcJEut1Lx4F4e9XEEpdOJ1a3nQ=
GhMo6xmgzILk0lOlWKEwAANiYdP4CaJDl3KCiW5J3ToF5W-2BszJiS1Vid-2Fd7pTaL9zJ9jkWk=
X6XRQ3XaTDvb9FsNuOeAHh8NTaBDeLVs1Xl60rgZXR4XjaZ-2F5nGE3JG5xmG3HEp8Lkx2b07ST=
nYJwxRj3-2BSi0lvEHDIHJeVx80HX7xCwONHHm2qKt1skV1RNKT0wQRYoNUhtxLCTlh-2F3gsAK=
9AuKbyRaDLKJRCMOOYS28fvj8jCJ8lJLp3rh" universal=3D"true"> <img align=3D"cen=
ter" alt=3D"" src=3D"https://img.pitchbook.com/news/71014.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">
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                     <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-2BaqM7ONnvsnswouzW7E53CXYmi2K9-2Be-2Bt6BBTLTVVQmfoKw-2FZK6Ch6f2=
cXRw-3D-3DsnqM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRFE9wlhmH1na0Nsh8dQ0C6Nc4fJRtb4-2BWYxMpM8gW-2FKyrnLW9Z7TI6I-2Bv0OkTl=
3YwezZyaXVS7bwFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKD=
Ym31A3zTiXWW7xZuIYnNCsfAb-2BzXnWbr-2BfhFFYECiDEkje5u1UxcOdaSUrkvlehfNWo5S6k=
mk7o1eS65TNTcY05qMp8g5JdVFctWdx1rJdnD3go9TO4i6eFZS1CIt99r1k9sy2dp4xPZDqtlrA=
mR1o9Mso8LoioKJyPixtbuFBazZUBaBrRBHG9W5yh1k5cJHxLANnGxu3FaS2oi5OAao4gOxa5zz=
dOJW78QkEk2i-2BgavmaQsGM7XoA9tRj3wixAsrieoALUj6SRY3MfkPEK74EbyHjkkL5AtOAs2R=
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muYOGAw1Pz0dl"><img width=3D"160" src=3D"https://img.pitchbook.com/ads/ad42=
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: 0px; display: block;"></a></td>
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                         <td style=3D"padding: 0; height: 20px; line-height=
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QEHYZOOJCKA34MS5JA35Y.gif'/><br></p></td>
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             <td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">=
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wFdNW0S46t1-2FTeSjbQhRghTbpY3eM7-2BahHMrq1P0TovtxW68hbjf14BTKDYm31A3zTiXWW7=
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FvkfjmzLtLAP0rxG" style=3D"display: none"></a>=20
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