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Edit File: 1762441887.M179579P1850847.server-619288.prediksijaya.com,S=188578,W=192008

Envelope-to: most@ponjosonek.com
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Date: Thu, 06 Nov 2025 14:53:10 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: Real asset returns weather stress best
To: most@ponjosonek.com

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style=3D"color: #78766f; font-size: 1px; display: none !important;"> VC pul=
ls back from China AI; Goldman Sachs ETF targets PE returns; consumer retai=
l PE slumps to a 10-year low </span></td>
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n></td>
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ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>VC, =
PE and M&amp;A</span></td>
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ans-serif; font-size: 14px; padding-top: 11px; padding-bottom: 38px"><span>=
Your edge on global private capital markets</span></td>
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Goo=
d morning.</b> In today's Daily Pitch, we break down the latest <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2O6GdMGbDEmnj3Pe5XxAxfzh-2F-2F=
EmKIk-2BQ-3D-3DBY-z_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9=
EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYC=
Mvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOF=
q6razouqr-2F8RyCdmg1x9JVvwfy57i8pru5unLgq-2FXLo0z70Vkdg682ypEIsf6cqluGXYAfo=
XnCaAIzxdqA8QemIDUo9tbsMoYQBKVOg82iOwGU3zwsz7-2F-2BQpKXh-2FpNGoa4xEBaq4XPKB=
nmXa-2Bnd3nFsc46LI9ByskBa3sEyL2kywnNutVU-2FA2RV7pqXxVOqwVAFScT6lung5olEudrp=
pVSVsSY1for1uyvLXxHtBDS7BCguBwGzUt5IISnQdgsrREU-2BsChpcE4XR0as-2BW3k43YlhSH=
SrxvtJdpgZxrDdzgktpTLsQ8xWsE" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">fund returns data from across private markets</a></b>, the strate=
gy behind a Goldman Sachs ETF and how consumer retail dealmaking isn't keep=
ing up with the rest of PE.</td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574440" id=3D"n_574440" 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;"> VC pulls back from China's AI =
market </span></td>
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
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                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
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dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;"><i>By Leah Hodgson, S=
enior VC Reporter</i> <br><br>
                               AI core conglomerates in China posted the st=
rongest year-to-date returns globally, according to a recent PitchBook repo=
rt. But the enthusiasm for Chinese AI has not translated to private market =
investment. <br><br>
                               When DeepSeek launched its ChatGPT rival in =
January, it was expected to spur renewed VC investment in China. But PitchB=
ook data shows only $6 billion has been invested across 574 deals in the se=
ctor in 2025, representing a significant drop from last year's totals. <br>=
<br>
                               AI funding in the US has already exceeded 20=
24 levels by 61.5% to $174.6 billion, while in Europe, it has increased by =
19% to nearly $22 billion. <br><br>
                               China also has fewer outsized deals closing =
this year. Notable pacts include LLM developer MiniMax's $300 million round=
 and Leju Robotics' $200 million investment.</td>
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ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: =
100%;">
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lspacing=3D"0" border=3D"0" align=3D"center">
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rder=3D"0" align=3D"center" style=3D"float: none;
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                              <td style=3D"text-align: center" align=3D"cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2O6GdMGbDEmCgUgva7=
45f3Uly3t8CDU0A-3D-3DURLY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG=
3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHi=
j1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZ=
zUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prsfz7U3x9YFwk3HHc5TZ1Z8FpArjSF74wWKj=
WhIY0HsFDbbTorJfu-2BZkgPOeFvPrzojXuiotzGJwbl-2B-2BpkwwJHAh-2BeCjENLMA7GliQl=
9JjXjc78G492xwIwCLNYwwfkkTw9hoLDGIFdqXMzRhYmgucGLa2qHJstGlL-2BzQJmhzsb55jhm=
Ck05y6KWZSASkdMdn7dUz-2BasAq4wVZpirIznIg4IdIQjnuJ-2BH89JoyIE48d5gKh9tfuOBeY=
yMCQxY8gALSj7aXs2PwAdQt94-2F12HOBd" universal=3D"true">  <img src=3D"https:=
//img.pitchbook.com/news/71249.png" align=3D"center" alt=3D"" style=3D"bord=
er: none; max-width: 420px;">  </a></td>
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                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
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                            <tr>
                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">Wider economic concer=
ns and a sluggish recovery from the pandemic have created a more constraine=
d funding environment in China. The capital raised for Chinese VC funds is =
less than a quarter of what it was last year, which was itself at its lowes=
t level in nearly a decade. <br><br>
                               Due to a lack of domestic capital, Chinese s=
tartups have increasingly relied on foreign investment, but geopolitical te=
nsions have significantly reduced overseas inflows. <br><br>
                               According to our 2025 Greater China Private =
Capital Breakdown, VC dealmaking involving foreign investors has dropped to=
 only 112 pacts totaling $2.1 billion in H1. <br><br>
                               VCs are particularly sensitive about investm=
ents in sectors of strategic importance to the Chinese government, especial=
ly AI. In May, the US Treasury Department reportedly began reviewing Benchm=
ark's investment in Chinese AI agentic startup Manus. <br><br>
                               Chinese AI startups are also being blocked f=
rom accessing US technology. President Donald Trump this week said Nvidia's=
 most advanced chips would be banned from China. <br><br>
                               China's government seeks to close the fundin=
g gap. In March, it launched a 1 trillion yuan (about $140 billion) governm=
ent-backed fund to support emerging technologies. <br><br>
                               Although VC funding may have stalled, China'=
s AI market remains active. According to Stanford University's 2025 AI Inde=
x Report, the country leads in the number of AI publications and patents, a=
nd is narrowing the performance gap with the US for its models.</td>
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0px; font-family: Roboto, Arial, sans-serif;
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ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2=
O6GdMGbDEmYVYKTx4t2WyTdQIeQQjHqQ-3D-3DQbwD_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwY=
bvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOE=
kwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQ=
OB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruuVa8nuuxMr-2BPAgl=
5zwHE1CVmpBGYxOJt482SqMNw4z694pzFUswH7nBSKvTP7Zce-2Ba-2Bu1h1NagL3QwD9pZfw4-=
2BjRzKIorJmMD3m5cF81d5jK9JhAjTprU6yYTfAsKWL97-2B9Zf0fo1eoLS6dnm-2FSg5bUXYd1=
LYoqA4sEKo6INg8hMHB86H-2BVGmY1JxmhBB81CFJxtcHpFJtjhM3FP4PcrJPNMEXmU3dHtuWRu=
AzRp4rUcbZX-2BnXLvtiA0v3RH642RCuaxECgvseFi6F72FoYgW" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">2025 Greater China Private Capital Breakdo=
wn</a></b></td>
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cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from Affinity</span></td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
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YCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoa=
OFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prvCF8umR5cvqitJdnXaswPNTZwkdHGsb2V2SELnN=
9kmE6v-2BhHPKOgWcjSzpD6NevcwgijjHYBW9yWYTdXdPucU1YRbnvrO-2FWsLDMKxTcM1S9run=
tXX1L-2F6wR-2B-2FKuv9Q8dTvAfEZCtU2l-2Fh1DmLMf84zGRZBfqA-2FWa2J7lu8AEiVHwQt7=
cAJzJ4R2KC2HtpAKpORRfEhhPAwbmOs3MLxhn4vDcmN-2BrY4ciOozQOSC4MpZqQN28NqQLby99=
hhSEw-2BNbBAyH8Xh67o5VSwJ99oTGrM">  <img src=3D"https://img.pitchbook.com/n=
ews/71209.png" align=3D"center" alt=3D"" style=3D"border: none; max-width: =
420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table> AI, automation, and data enrichment =
are reshaping how the best firms operate. With 70% of firms juggling both i=
nternal and external solutions, tech stacks have become increasingly comple=
x, and many teams struggle to optimize what they have. <br><br>
                               Join us for a Tech Stack Spotlight with Abhi=
jay Thacker, Sr., Vice President at Picus Capital, to see how their team bu=
ilt an integrated system with Affinity at the core. <br><br>
                               You=E2=80=99ll learn:=20
                              <ul>
                              <li>How Picus structures their stack and why =
Affinity is the foundation</li>
                              <li>Workflows and automations that eliminate =
manual work and accelerate decisions</li>
                              <li>Best practices for driving firm-wide adop=
tion of new technologies and the Affinity CRM</li>
                              <li>Real examples of AI and automation stream=
lining private-capital workflows</li>
                              </ul><a test style=3D"color: #1D5080;" href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2hqeKbpAMeByypVDZBUM-2BCrPaQw-2BY=
Q-3D-3D7yWQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6=
ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2=
F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouq=
r-2F8RyCdmg1x9JVvwfy57i8prvA-2B61XG5cywOY28nko3LAgQj4cRAxlrIcyjagBIp-2FbRev=
tb2gOz-2FISSth4YJ1bsbGQpVtrm6QcrpUtBTBuOPiILWQ5VMGMZDSo4bSQXqGd-2FentE0fNpV=
yTXPpdqTH-2F-2FN8yH8Z-2FuEPArFWa4bvB5tAKzAIxYX6hDDw-2FWNvJH6FsL23mX8aqCVnrQ=
Pq3JgwuKx46gMAg60EKtJbyBX3l2IvopPcdFntyiWW-2B7wJCahvohpOMwfiP4m5VFfxPK-2Fk8=
V6poT-2FCpsHyKSiO6-2FzHfYxMK">Register today</a></td>
                              </tr>
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                           </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>
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                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>Dealmaking in the consumer retail and services market</b> has slumpe=
d to a 10-year low, despite a rebound in the wider PE industry. <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2hqeKbpAV0SGxkoNUXRMtGhWwVdjUg-3D=
-3DNS3p_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZ=
NVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05l=
IJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F=
8RyCdmg1x9JVvwfy57i8pruvPmOGTbalouhUjUKq6ThnFv-2Byt9T6CZatfIG-2BCScvKvnemyV=
W-2BYZrRFORvyV38gBnDgeYH2ZyMPRSmKszL-2BtWQKtPpxF-2BCmGUHWz0hwDNAf9In6ZAcLXL=
vWC6wf-2BLjUdclkZKOvGFyB1CiG58V-2B5MhtMAm8mMXxzLWd3LXBICT9w3ERLGZEocgmREyRl=
RK6QYxNTn0xHB3ilaodM5-2BS3MV-2FE24yLDSDjsxvBz31-2Fs2SOG1UVW-2FXQhr9nYmhJwK3=
dl8-2Bv-2BJ3fiscmXCm6pL42P" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true"><b>See our latest analysis of the sector</b></a><br><br>
                               =E2=80=A2 <b>Charles Schwab is nearing a dea=
l</b> to acquire private share marketplace Forge Global, the Financial Time=
s reported. This highlights asset managers' appetite to expand their privat=
e capital offerings. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2=
hqeKbpAUlteYMQ6hawNBZeLr3dgRw-3D-3DXEfA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJ=
CM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwc=
yw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0=
yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prvHFsxsMpjsXSvbTKpb3ar=
6ns7V-2B2Pr1QB-2FyQE4-2BWxHHDZbE8qdfQGV8Eh2WFBRzyu16SI7TC6FbuXRU53RjXEascbw=
x1lLqCfnTypxAm0eRUepw4qhBrytF8W03L9nZeUBaro3LhyCQLpcfqzYvpp14GGr0Yh-2BtIhIZ=
3R7f50PYq9KeHNCX2GFZ0B2hopwTDEY1gSzML5c49Bf3sE0SNtn8jxpOqZpSWgmSnJpc8762zj4=
9VNodc7m2JzZGZZF4CsWomS9hTzTLz3LIBY2st-2Fp" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true"><b>Full story</b></a><br><br>
                               =E2=80=A2 <b>Private credit investments in s=
ectors with "stretched" valuations</b>=E2=80=94like car washes, veterinary =
practices and HVAC specialists=E2=80=94face a reckoning, according to a rep=
ort by Fitch Ratings. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR=
2hqeKbpApWnTk5NXu0sOUigdAnjMEQ-3D-3DScf4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbv=
JCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkw=
cyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB=
0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prtVJzlPMSHOebEuttMiu2=
6D1sRYjCpOHQApQG7ITKygZbubvnblOg4IS3YXkNM7tvsc5k2fzbsB8pEA4s0DN8Fxoq6GP00Qc=
JgzSa6gs0oCRuGQbnLz-2Fn0y7p4vXhgXG2Rdu4az8b0i0PvXvUJ8qj-2FtFQd0JYfAclx8DKuW=
9P5omF8FsuFOyZLKqzTfXfpjANysFO-2B0HKBTWrfAYCjHPMXIKklAAQPu7qcG53WQCpugnWDVm=
hB0ykslLl2Ol2BJakN57Mvmlaq3E6Y7jIXwj5-2FZ" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true"><b>Find out more</b></a><br><br>
                               =E2=80=A2 <b>Mumbai-based ChrysCapital close=
d its 10th flagship fund</b> on $2.2 billion, marking the largest vehicle r=
aised by an India-based GP to date. <a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
ULVIlu3SeBauaR2hqeKbpAKRk6HKgG0drLhe-2Ffkh-2FR3A-3D-3DNo4b_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDu=
UbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcF=
M467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-=
2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prtR=
ijyDn0F6pnRDNfmfD-2BJnZK5hMM28wmbGIfTbi3jWOhLV3NoJgm8JNpedZhERqZcZQsuavNK-2=
FS8Tjz7Qex6qMoTNEqB2ksSldUCbOy0pyFJapJeyWUsyZIUhwQiV2A-2Fyav-2FE07GrCdvTJ9B=
n3gviyomisDxUFiMHUYrZp3gz0tOW0t5sJnd9lyGEiC190VYgEmXdMU8eKedK2cnK4ncGSOzNNf=
0yZHNNdVnaG3UKNXNbJghl6GMaVuZfP2Ox2wCVh769sCHNFQQUF5LqfCaWY" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b></a></td>
                              </tr>
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                           </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>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574443" id=3D"n_574443" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> How Goldman Sachs' ETF targets=
 PE returns with public stocks </span></td>
                            </tr>
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                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2hqeKbpANK1ZgvRQA=
ppM-2F9udJ3Q-2Bmw-3D-3DuQ5w_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQ=
pG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqV=
Hij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHro=
lZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prshp4Vft7-2B3PAaO-2BaqDjVFzmQhKcmx=
aKgpi29F0c1aCu2oXz-2FxQxDArrRpin-2BqN28rg0IWiMJdXsOjWf397iKY-2FsqwIB-2FyLIz=
Y8s-2FZl5lcP9cpWJYamR3QA9BFG03qOEankVz6QZ4QSRJkgBNmAvpPA-2FxUsbWG31vGI5xYhD=
1z68AXP2BzCQd4sRNAjXJGYNP8Q3t545QYuZXlpR-2FdR6tbS7-2FBUyX5HN6-2Fj9MARVUYMQx=
W6J2AUZMRD4alRPzzMdc4eYXXggjcG9nppwRCM-2BsMX" universal=3D"true"> <img alig=
n=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71250.png" styl=
e=3D"border: none; max-width: 420px;">  </a></td>
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8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">(OlegAlbinsky/Ge=
tty Images)</td>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Rod James, Private Equity Senior Editor</i><br><br>
                               Late October saw the debut of the Goldman Sa=
chs MSCI World Private Equity Return Tracker, an exchange-traded fund desig=
ned to give investors PE-like returns by investing in publicly traded stock=
s.<br><br>
                               The ETF is invested in around 2,000 public e=
quities picked to mirror the region, sector and style exposure of the MSCI =
World Private Equity Return Tracker Index, a dataset of 9,700 PE funds and =
174,000 private businesses.<br><br>
                               The array of private market investment produ=
cts targeting wealthy and affluent individuals has expanded significantly i=
n recent years. Unlike this ETF, most are structured to allow investors to =
invest directly in private assets, whether acquiring equity through interva=
l funds or issuing debt through business development companies.<br><br>
                               Brendan McCarthy, Goldman Sachs' global head=
 of ETF distribution, and Oliver Bunn, its head of quantitative investment =
strategies alternatives, spoke to PitchBook about why it took a liquid appr=
oach to providing illiquid-style exposure.<br><br>
                               "We want to make sure investors are buying s=
omething where they know what's inside of it, which is transparent and liqu=
id in nature. But we also wanted to address the gap in the marketplace: the=
 investor who can't access true private equity," McCarthy said.<br><br>
                               =E2=80=9CWe want to give them a vehicle that=
 at least gets them diversification and a return stream that is private equ=
ity-like,=E2=80=9D he said.</td>
                              </tr>
                              </tbody>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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FQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZ=
NVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05l=
IJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F=
8RyCdmg1x9JVvwfy57i8prsLwB48q7VmouuvwC8mEt6CLHlu1Cds4EImds4gilFk9GwZhmbrNpH=
6CSuP-2BZqNpPl44Wy3grNm8ISbB6jv0z2I-2FxVCuw6pYk2cuVARRfL-2FK-2FGoGDpEWA0-2B=
OJrDs8bM181Yr62ICP1CdMG0pBx6byYnXzgynA17kHDtBcXo61elw7KlrWg9Oh4ernkCuWqzAKA=
JAIsg1qCE7mZkJjfUfcjM0MVNwhzpGE0uacSpdhQ2A0b65tNXa8Z8RhI38MEeeXtlO1YNaXrnzh=
qetXtznMgv" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18p=
x; text-decoration: none; color: black; padding-left: 3px" target=3D"_blank=
" universal=3D"true">Read the full Q&amp;A<img height=3D"24" src=3D"https:/=
/fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: m=
iddle; margin-left: 8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2=
hqeKbpAu-2FIAnJZHOQkHaYFIsXc4ew-3D-3D3dpK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYb=
vJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEk=
wcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQO=
B0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prsWkoRk-2FmuRjWlLv0k=
Fn78ysoz15cGO6t2eRsc-2BuVtjwtFp2RSZhurzvMsAzFI8qVhahQ3mXU55aNlbWYVOQ2OXW2CQ=
UZl5QB-2BAQ7pPY5zJ4PaDgicEPU-2BChx5Xq2cvN0oATMuctna8ESpKn3nXon1oAvAIQX0SDXc=
4h3M8HUisFFKxf96kCmJxB-2B-2F0vlGo6JbKjx7fNoyJ5I6Yq9AxTJ01DR8PVrPJ-2BSpfgnyx=
P2U08SmhSh3IAhHNe7sQrpgyLMGo4LNE-2BBRSfCn-2Bzskq-2FhRH" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">Private equity=E2=80=99s wealth-focused=
 makeover is all about scale </a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>See the economic details of how=
 Zohran Mamdani plans to make New York City more affordable</b>, with a bre=
akdown of the NYC mayor-elect's plans for his largest promises: taxation, c=
hildcare, rent control and public transportation. [<a href=3D"https://url63=
80.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzULVIlu3SeBauaR2hqeKbpArvtNNtesariM2rkSjE-2FO-2Bw-3D-3DNGz2_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHb=
NJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-=
2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC=
-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVv=
wfy57i8prtC-2BCZGcJxR03URuwdwk88AtJnMNVsiZIwY93bqrUu-2FKTgU0-2B1xyzPXgSfFPG=
q8gxuq4mSlgB-2FlMtAsXw9srjqG-2BwJcP6w2Do0VT-2BCgl-2Bd-2BXRtjGTsKR89Pnprnc7A=
xxq3T5gRC01OuMQon3olNVybkkdQGEdAlGypJTThM6pTaaNZY-2FEESU-2Bl6FGfeGEibIXJR5g=
EQt6zP3cf7O1sYoSojTbPys3kFXD-2B0uTD1hsTTLza2ARJvCYXq6uX7-2BxltRskMbKwKBwoXA=
ZTdOKMep4Ry" style=3D"color: #1D5080;" test=3D"">The Wall Street Journal</a=
>]<br><br>
                               =E2=80=A2 <b>China's state-funded data cente=
rs can now only use domestically-made AI chips.</b> Regulatory authorities =
are instructing new data centers to uninstall foreign chips in a move towar=
d AI self-sufficiency. [<a href=3D"https://url6380.news.pitchbook.com/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2h=
qeKbpAgYcOaj6RmYNuXVVFQopxeQ-3D-3D6WjG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR=
FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJC=
M27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcy=
w-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0y=
QIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruxx2A-2FeZw0kuQBsnMXgZ=
c3tYC5N-2FJ63G-2F41xxSEOcr6yI5fKQ-2B8Lue-2BZWoR2R8-2B-2BCGvVqGJdlsSCyxYv86p=
PwdpChX7uTIdKCLGGTE5bpZNUElQifDcperh9q8b4A9Jl3a98a6wmC6H6sJ5gFl-2BbNw4hO8C8=
BupwMcFXq4Is-2Fv45zsAsfhQi8MfVczqS90etJYKFvek9RO-2BxiYx-2B5CrxCWei-2FvVv6V6=
RXlXFrqk6lkbAWYsN9ou0iCNEWBX3Ki2M3O11KC3GHGN3Xx4zXkAib7" style=3D"color: #1=
D5080;" test=3D"">Reuters</a>]<br><br>
                               =E2=80=A2 <b>Perplexity's AI search engine i=
s coming to Snapchat.</b> Perplexity inked a $400 million deal with Snap as=
 the company opens up to more AI partnerships. [<a href=3D"https://url6380.=
news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzULVIlu3SeBauaR2hqeKbpAgdH6l7GJBo4cASdla4CYoA-3D-3DKLOH_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY=
1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZ=
RJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x=
44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8=
prsAKXbrrBraDFC2yG1KrwA1N0EEP7VIOF0vfr9URlLk2dk0c5bOPuujB4Hj6o-2FXsHEbs4r4K=
lM8Iuz0hvQQm7Q0KWfFoGax8kEh1b4FUN2RsJKGBk164D3ABoEjHtiGk5h5l33Tw10tmW2AXLq8=
2OMxOJhI-2FzWiYmodUkgbMscjbUwieXUBqgwXSuK6pmLDO71WPcNxpyk2h6qPyFjHpilioghPi=
2Br-2BgcbneZdtMiBUtYGl37f-2Fxwhn6c0zTT-2BpLWQbDDB-2F4tTzAu1jjmEUxeM" style=
=3D"color: #1D5080;" test=3D"">Bloomberg</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUMKJDTpXfLhzRHrRZypjCuW-2F1RICjD4uqX1sLT1vmokw-3D-3DD=
fg0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0a=
RMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVej=
iB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t=
5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyC=
dmg1x9JVvwfy57i8prtRmz794GSZpEmWp-2F9veVKLE7kfFPbm6ka0aYqgWrV5p3xaH2jt1YDOr=
btXPiq5l0-2Fts6sCoNt72EuOFUPMPP3TDfBwbrsLCM-2BfpF3DP46FLTG0ESRk28LGuniP3iLW=
ev2xkNLvpX6ETEXLz34MI3DmNvDv06e7gK1lf1fdoIvmLHtjt-2B2nMYlIbNRJY-2F6z6VpgIM-=
2B9Wf6fBgtBoSVktStPZ-2FeYYgJdjaxKUUeGZseeCFyf2V-2BCduwwP9zwzzVIXK5YDhV5EI2l=
4EaJ5Jk9fSPw"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad436=
3/460x120_pitchbook-banner-ad_nov25.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;">
                              1003
                              </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;">
                              2807
                              </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;">
                              966
                              </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;">
                              39
                              </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-2BaqM7ONnvsnswouzUMKJDTpXfLhzRHrRZypjCu-2BqG66RoINSSQc7sA-2BujiWA-3D-3=
D7mQJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ=
0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNV=
ejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ=
4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8R=
yCdmg1x9JVvwfy57i8prshRBzdMCX-2BNUbye25UBd3tSWmR4mq0QR-2Bm6sPN-2BrnjwmQh-2F=
fLeydovEuNQQkQR9Ae7rlHmvWvvsV1BDtSVh0EyfypSblbu6icacaHiPBqUkP2BdmDqjQO9nlnS=
u4W2ZvAAM9lLEgie4xr39YvHFs-2BFdq5CcnjlnzQVLOuZY1q4FLvDMP0W7PpvJW8jjHjeEoLtA=
Ema6VMUW1USGRvSapqaXy3x-2BUroENfBDWcbHVbxqe6tTVZwVXcJR7KaQGVdQjGu1xQ06woPK9=
TT8ebTMUpY" 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_574457" id=3D"n_574457" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
                            <tr>
                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2014 Vint=
age Global Debt 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: 76.12387612387612%; mi=
n-width: 76.12387612387612%; max-width: 76.12387612387612%; background-colo=
r: #1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">7.62%</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">10.01%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout=
: fixed;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td align=3D"center" valign=3D"middle">
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27=
px; padding-top: 5px; padding-bottom: 5px; float: none;">
                              1.17x
                              </div>
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; color: #000000; font-size: 16px; font-weight: 24px; padding: 0 0 3=
0px 0; float: none;">
                              Median DPI
                              </div></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co=
lor: #000000; min-width: 100%;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 0 10px 0 =
5px; line-height: 24px; font-size: 14px; font-weight: 700;
 font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe=
rs</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzUMKJDTpXfLhzRHrRZypjCuth0DfHEFjtqrNQ05Mcg2HQ-3D-3Ddj9S_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yD=
uUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJc=
FM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z=
-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pru=
DdqT69EpZh8rgPwwL0TQE5xJwYkphNSh74xK9l1jUJDKebLtQw9Ct7NXn6gvOuEQEjtz2CRhvRW=
YMSgWxPiN1OuRez5mtc7H-2BjNjT3OGsYCD02VYp2C764Xn47QO-2F4iDjVXzxRC0VeH92iXXdV=
LUxAAHAXuJ1mloy14YrOQbLSPo8JtOkcFXoNh7w9mGrSCynhfmOb4LszPCrMrNXqhpOhwU6NpR2=
HbHh-2FBDYwxDQ3mOVrCnwtZD2zABH2fjlfWqU5GQJ4pFB9v7sHHmpRXji" style=3D"font-s=
ize: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">MB Specia=
l Opportunities 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=
swouzUMKJDTpXfLhzRHrRZypjCu09-2B21tmPucfOXy3RuVg7DA-3D-3D1Xwr_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1=
yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZR=
JcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x4=
4z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8p=
ruBS3TDARCItGkiimL-2F86Kac0hG9oCsKlLM6luj3PFdL1B7fzoemBjLaW5oK6yTEcRMLXA6AN=
wVaqHufFMgRg-2F7ngmHvtcQ7gPyIUmjfF0t-2Bji1y83UwEzcP82hACShtBxlSg593CaimXNEn=
iPJgjAGnZZRUCEEq12Oz6lm0E4-2Fua4Bn-2FU0E35NenBpt7UFy-2F7AsdpkHvHFAS3En6QAGj=
cIwJw3yCvHPwwsB67rUYhnlCI6TlOXjYu2urXleuQ5ezTskrAlgU64yoPbMfq58Usw" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>Banyan Mezzanine Fund II </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzUMKJDTpXfLhzRHrRZypjCuSFx5wWHL-2FtXjWR7rDw11Tg-3D-3DFmrL_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1=
yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZR=
JcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x4=
4z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8p=
rtS9OeJV1OfWV57Mr19pskSqouJeZrZWx1h-2B2RG6tb-2Fil9uWicsBfmMxDuMsT9HMEbKqPbH=
kcEk1y6DYNfkD5sNgpjYFX1wIQRmZRUmzz9-2FZXUiSokMW73KwQ8wjklc2u1kBDqmUOou5HQrj=
Xd1Xcv7O3UB-2BBhrUzjOk8LAFpeduZjm9unYJNSPfN-2Fs1-2Fg7mCspczTtYotgITaUAiqvJZ=
xXkyBvos3OB80RlyicKIcruZfreNHTe650OMQOWEzcHqyKE2-2BwmSSyd2tj0WJZ2dlC" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>KSL Capital Partners Credit Opportunities Fund </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-2BaqM7ONnvsnswouzUMKJDTpXfLhzRHrRZypjCuOKmHeV=
9BIhCOOQgjIGK-2FAQ-3D-3DGJiW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguw=
QpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWq=
VHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHr=
olZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prt80obtKPP2S-2B5m2E9OM2eSd4HgSSHg=
X0PJXkySjuRDIV0waxn9hnlqVgHDmjgEkUyEpD7bMylsDNcJb4oJ6Jbue-2BviHFMUZIxpKb6lD=
irndVpgHrMM0XvPa6iGlSDq1j2qpClhcmHvdvzGhzw7agoHKluf2vEfD4Bc70RV2t2flqhhv3he=
AzRsxkicqmDG9fxuZKMBydHagsRS3klPKjs-2FKVWMV2ZLQtbLnCDj-2FdsIzWkFlZGzbxTgk8j=
7LiWEt52DYzKO6TYWLy-2BQJPHwmt07" style=3D"font-family: Roboto, Arial, sans-=
serif; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px=
;" universal=3D"true">75 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-2BaqM7ONnvsnswouzUMKJDTp=
XfLhzRHrRZypjCucQFcGsfDJepLZu4kOZkT1Q-3D-3D9UNs_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoX=
pAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJ=
cIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFh=
VhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prtR73zhp7c8dVm=
l3IfMZ6vLtFpcW2AXXJ7YdZmtCYPYiPjRqIOp447gFIBwdvkjssT1QQ4HNO6U2BGz8WVinkK7Vc=
1ZODjPnNro3RQmRvHhe4FLuY9JUNgGj-2BliuZr2M9pMfZtJQoMUu00-2F3T8fL-2BbkXk3HPEL=
8I0vAtCCJZHT05DKOFTO7uiXygRkZKSB2r5PqbdullNbsYM2-2BC-2BQxSZPSlXuaD9mMi1Hk7g=
xeC7x4-2BS3jcMDXcYdXUmPvDFbZ6NfuhwHrVAvAKiKrwMVu1gvS" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>People</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUMKJDTpXfLhzRHrRZypjCu75oCdBQxwhA1hbt7Y=
zU3Bg-3D-3DVECS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLG=
zMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda=
7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6ra=
zouqr-2F8RyCdmg1x9JVvwfy57i8prsl2Ms3UuZu2uth-2BTBe3CeDsvhA5skvJKviJw-2BPNOq=
DKhmz5-2FdKfZr-2BYWSQBi92rWLondh-2F6GYpFCogQdYWEB3eBCH8fCPWu2vPliIADMQb9w4l=
6NF3jHUtDQbjZkAMVdS2vNuI-2FTt-2BcH2Srd-2BB8yUBubzgK-2FEuct9uwiwZUrH-2Ft6eiC=
oPv5o5xXf8fd6AGrY8RJfY5tN4qVrpsqbZ7CTuk9GNfYPjV3kNoiiOko1hk2RUdGn-2BYlNdFXX=
gTX2mUkv31NgxhAvH-2BsIb-2Bo5s8t9Mn" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">Glenn Rewick</a></b>, an investment banker specializing in =
healthcare, joined biotech-focused VC firm <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzUMKJDTpXfLhzRHrRZypjCuAZ-2Fb-2BJyoW-2FkgQRGd9K-2Fzjw-3D-3D8hqG_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHb=
NJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-=
2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC=
-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVv=
wfy57i8pruqnJNHoSEck0-2FRmrscgeG4XbdXJYiC8krAkPUYl4Sa-2BkgRFz6OrotpahSk-2FM=
U9ozmoht9a4HlWTRCxLsdTHKHjinTjhzqTkRaFv78qCviSVKlHEL0Cxu8SuLXRXRP7aOMHuY3WD=
0bTXvRjk6AV2a3VgwwZfkLE0ta5hesx2-2FMwGZ1bP116rIrBYFY8ytDuV7E1PCQHnJKmID2xmC=
jxrMDJZHeiA9msIiOBRCcW2uq4t7GNM2LgqI0-2BNVwkp79Cj6nh0nqgsED1gQGJHnhvYkaO" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Flagship Pioneering</=
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>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">Blockc=
hain platform developer <b><a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUMKJDTpXf=
LhzRHrRZypjCuwvnChFd4ezl22PfE90lGOg-3D-3DcXk3_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpA=
JwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcI=
IOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVh=
vZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruy3mv-2FElEODmN=
0rN4olCtH3IJMvtY2a5mnoPgEdy3MQs-2F0c4Ic0dIVEcfPj1QuL6CVco4zGpiX4Q3Lb0pDacPs=
UcZr2bhpRa4w9Q0CNKd8V6rs-2BSFb8Zbb9nlXiANeOH5mMLmqVocxHh7w1eqYVDdJt611y-2Fr=
R9NnXlGL8niHWCrjPw-2Fe6shKG649e5wN1BQbIkuOR2eVQqqilj2pajJwe53-2BM9nRZr2R9F3=
-2BMhrIuyIr7uP7sIP8IxKXISEcVoXhSBPPUIfbL47kzkQoEFgt3" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">Ripple</a></b> raised $500 million from i=
nvestors including <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyh=
lLB7uwb-2BjE28XYNSwQ0nZR11-2Fhg-3D-3DCw5i_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYb=
vJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEk=
wcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQO=
B0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruaTr0EzmaVurA0sQhz9=
giskBPe8XsC4GDqlYURQBVTR0NNS4kDYwKbLk160nBtEc8PqXqDltgoKorokMQL2Y7Nn78-2Fq4=
UvO7cLKLp5U8Ku6ju3O544V922LSp9b-2FOqb2ONkTFApAVNmWq-2BfS-2F29f-2BgM2QoOjKMB=
j81LeusnBCUn79l8JoV-2BG634LXoGOw5DyV8s-2FpDcnOHfGQLh-2FfxT-2BKg726hOB74Furj=
IVCSkgVOzGKywwkB6RA2OO9eb6yrRYdzCgX6X2fA7nmVzexn0H3h" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">Fortress Investment Group</a>, <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7ut28gC05cdWFK7I8Y0NZguA-3=
D-3DRmsQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz=
sFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZId=
ZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05=
lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2=
F8RyCdmg1x9JVvwfy57i8prtoPc3bLDjGyrKyDv6Kg1XkFPi6jLPnIFcViAY0t-2FCTCs5t8AJl=
LYkrDODLUa1WW-2B8DLf07PZRSE6cmPENevG-2Btme1LvhkbXcWjcH7pAaEFazXzR750uyerkQb=
-2FV20KZX4E92i9m4udAL5eSLWxe23GzGHhjzh9DiGU1-2Bfj8uRDGIXNfB-2Bw9fvlo7fpOtkS=
74eSsOsDuLrNSnLj9tVHI7qbYR6W0IoX9rIs24VSFGUQEfLIMmdP4-2BJrdZpYvegxpqmtIp1ff=
DdE3fqPyzNlDCiu" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Cit=
adel Securities</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRp=
bWiyhlLB7usY9r36SdO2Dhx-2BjOfrNtTw-3D-3D8hJW_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJ=
wYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcII=
OEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhv=
ZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prvEx4a5zob3Ez9fS8=
ErrcGBRVzE15JuMXl060lL9XV-2Fblt1Im2Vt-2FiQEUIzCZ1guDWarTtr3G66-2F78oC3cB-2B=
GAy0uYAvdLSEXsQ8GigpGeW67qRhzlbUYp6YveKCaVPTptVtzR-2BF5oKS87nytj-2BC7gkx-2F=
CMo-2BT4hOsJipJnkj14tLbwdAO0VvIdPYCTuT0UC4PGs1i28opWy-2FgaRBg8Pw8Tzqk0Es7Rq=
gRFoz1DMnG5sdppaylTaKsKiWs9cK9MPHtl8K-2BOyWIbm4UK0qxmIwbp" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Pantera Capital</a> at a $40 billion=
 valuation.<br><br>
                               Cybersecurity specialist <b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7u7fEYL7QqUY0LVX7IHBd7-2FA-3D-3D=
Okgs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0=
aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVe=
jiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4=
t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8Ry=
Cdmg1x9JVvwfy57i8prvxOp2fuTXZLUv-2FfVNJMcz-2B3GOfoNy5XGtwMOA4-2B-2FuhfSeSE6=
AqK0vgmdDU8OhYkTL7mSETrWi1uiJyCm0dYo5ZhkRWEEyI-2BeFJwQ3IyRteuBTisa3EIoIV63y=
DwLyZD5S-2FnbDwiR5juWkrtrs0bV-2FPkrPqwd-2BGh0lXR5q8lBWN3HEgOUmT95QU0iG9ST2w=
KeW6mp-2B-2Bwd-2FSRQzjnudauA-2B3eABpbbdoAVTayWcMoDFD-2B4GmI9h2SRagotzslwS-2=
BU6lW9FPDBDL5xFPbrD4jhckP" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Armis</a></b> raised $435 million in a round led by <a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7ugrKPWp4r6m77l-2F04-2FKvKjg-3D-=
3DUbKA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
Q0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZN=
VejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lI=
J4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8=
RyCdmg1x9JVvwfy57i8prvogY6Ijkcj-2FeBjRFLMXL1Y53UYD04Wg4hi7rYORZ6TW0jasoiKza=
lkR4p1c-2FCaYve7xzY6AhqBkT5cjhAMai-2FjH3b3RlIBTSXtZ8k6oJu29RqHiDkn9F-2Fs-2B=
lJqH-2BwZwKD3cSHShsXnbhf99YS4ku3gNiwdAMCwSd8FR-2FIvmzQ3eD4h4q-2BIwAntnIPTCg=
K1AhN1FFijTGKP3Ig7cMAlUsqbIDBf4WsYCQ3y-2BkSLZwXrD9Se-2BbIFltxTtgD9fpZ-2Bcgj=
3f298ZDwBr-2B80iI6rlMbJ" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Goldman Sachs Growth Equity</a> at a $6.1 billion valuation.<br><br><b=
><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7uBMmXltDCmBcF-=
2BuSIVZqoEg-3D-3DdjBB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRa=
u9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bs=
YCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoa=
OFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prsIW1OUzNhYsvyhdrNZknOCyz7Mu6CPunspE4cV-=
2FjgtquMUyyE11DYdBFu-2BZPEsjTh2jT27TxlTo-2F7OGXNyFtkijY-2Ft3W0unGnBQjDud1Cq=
ZtGIz-2BGf0d1w15dkd4hdznE9wSEpezfKlhnVWKQaLrKZ5RKJhxfOEnflaTNtmoY-2BbEYmaCk=
RsE8auvp1x0Prylba7JfiYCSRE2iROfiRLlsThHx07W8LxrBJQMTWb-2F0TlP5arAzrr6FQ8hos=
cMENQbNCs91pwOPUxG3k3lQ-2B6JFD" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">MoEngage</a></b>, the developer of a customer engagement insigh=
ts platform, secured $100 million in a round from <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7ugrKPWp4r6m77l-2F04-2FKvKjg-3D-3DKl6s_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjc=
rHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK=
1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbq=
RKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9=
JVvwfy57i8prtHqHUaY6JWfJWzdcrvZRHHmUlmMFXq9BbTJMB85uVQX4Nu4Q8PkbqoKz4h0gwAl=
gdvmyI6nSkTnqIKAYikIbDYnrXN7ciYKq1lmgxmvto-2FZaM9ugNt6QY0oBhmNqMgClpnFOF7zr=
c4szQcN7aYMH9SqWjBOClSCU-2BrceimG1Ke4I4tiOMvQnVGN8TODoIjQzJ3qbv36xFOFZzNFsi=
KhMfB9sI6BVaALtOxKkWDkOq4wYpMvg-2FAsCRAvpTMt61gDEuHepsRWY1BSHLXOwsCNtge" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Goldman Sachs Growth E=
quity</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7u=
R3On1FDhVQFE9-2BbKhsX-2Bvw-3D-3Dxcnu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC=
fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM2=
7bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-=
2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQI=
JdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prs5pVJpinZavn2ZgaofET5MRw=
arXiO-2BsozjxtwyB6a1olpww1ezYe6crsgVjaFJl-2BNqYK5aX7wn1vnjSVutIkUdaC5JEUKfg=
snchhCPXGhh37oNBfsvr0rfSx-2BmhbGm4t5U8ffNG7EdiSHEXEgRPSujGybl69astREZ7DKXud=
JNsarzgg3u90HyVjkfvYMqiOie5qtZUfi52OXV4PJDpg1QOPssxuZXZrmmCg6YLKTtT23O4jfks=
GKYgK-2FIe1dLNvdrjoTB0EDb9KxRy-2BCx21Sp" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">A91 Partners</a>.<br><br>
                               San Francisco-based <b><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7uSpvNJ9kXsw9xcxxxReayUQ-3D-3DMy76_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjc=
rHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK=
1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbq=
RKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9=
JVvwfy57i8prtpug53-2FlHc4D9uotn2q79Z-2BMpLJW5wNC1721MUnM2n0T0QkBgpUZH5FpM37=
lbgAxGVpsDJ8Dh7U4jCv0D-2BseUnIGM1TJyjrAALZkTIa80DST8VPdPqav8Hy5eR7gkfy7TaHH=
aZGVq3G3IGpS2EYq-2FvkI0z215s4BWaqBfOwlUH9rjydiaIB4KpKp7VVpymQy5nzN5bb0rBTrJ=
rmC2BzoNYVXtKVBVf9Q6rua62gk89ouXLK71Lgz-2FupdxmDGy0CZTFf02G8TgbklQIYoetxIzv=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Giga</a></b>, whic=
h is developing voice AI agents for businesses, raised a $61 million Series=
 A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7uGzJF=
EqLmBRg-2BnMctj-2BGPsQ-3D-3D_K6r_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy=
-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgD=
PguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXR=
TNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdni=
BeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prvREXjvQxKM9pkb1ZApSlCB-2FM8p=
SRbumSv4Zrd3ilAquTuJ3TkLBnogcvsuV1Hg6NkXl-2FOPifymbdw4CUzk6oCAicTy9BTXZGrYR=
DRzLm0Nh7IPrfLjT37T-2BvErGhvvAdrkNigPfWj19CwDrBuQfge-2BL8-2FVcQ9vVt710SwAJ8=
ZfKxjng-2B79r-2BZ-2FWkVUWa4WawkX-2FfSD8f7KVUa1w1VJbDVnd4VQ8cAcNYsgylMQeXuuU=
G-2F20Xb1hrUI9jszmzSvBmBjuey0kza3igpoELqpj56b" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Redpoint Ventures</a>, Fortune reported.<br><br>
                               German satellite-maker <b><a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7uEXgGw32fWfYVNpxoxex4BA-3D-3Dh5jg=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMm=
TjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB4=
0WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3=
cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg=
1x9JVvwfy57i8prsS3GHq53T4rU3qb0eBvgD1A5cJ6KBYgVKwBEa8dMj1WKwXxpdCov6QVBReNb=
Mk-2FcmONQ6I8Q5v5rLP8NFpdi7ml75-2BPT-2FnANv2MiOznLlNB6-2BHsz-2Bo2WVxtfDiJxy=
45-2B4CZ80xG1Fm5hIVqzB9FbsD40R6tojdNbAVdiLZA-2BvjdI6lZJf98YQs1XiGkrmiZe4HP6=
OQclb31HUPe1emWQOLqFkuH9CmFBBAuPz6MEyCb4fqDfLCeSD2G1zj8yU6VxAWH2m6TA-2B1cvf=
5XY1ZxUjx" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Reflex Ae=
rospace</a></b> raised a =E2=82=AC50 million Series A led by <a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpsgZjyHxQ53OlmxDYWjSlgLg-3D-=
3DFeli_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
Q0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZN=
VejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lI=
J4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8=
RyCdmg1x9JVvwfy57i8pruQ0HB2NxCfR5eB4gG6rMPPhJi9vtdBeRiOJ-2BGWwR19zC-2BZ0319=
-2BmIS95IUzRQ8QIRQcSlC-2FfE6hDNeFMa3OqVWugVcjhk0twO4bRVs6vUuAtHx8LsvCw6bSkV=
wSmUT1ZBI5K9PTDZO-2FfaIeFaAQzRKd9P6Xiog3b-2BEuMvlmd9Hr6iRkkCkp-2BLaBRP9zzmJ=
Oik9-2BH-2Bhgp3jdCrj4Bt3FtuLv0M8ONBnzhsaZssRNM2o8PSqS0tMb0yfHNMdvA-2Fm-2Ff-=
2FxFfSEgzT82LUIEW2kq4Dh" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Human Element</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6=
EwxS4g9-2Fqiyo1oIk4qpsPm2UNkcwwViYRaST57cfBg-3D-3Dxzof_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO=
6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467=
ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNn=
xWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prs-2Fay=
01mk-2BKD0pcDNuvKwpp0njxsZ0ZrWyyqD0hARPcxHbTcyUMY1py-2Fwp3DnBKSYXidafFfVbHE=
UbMV3meMTzFy5w02-2FvOgkz7LMlsGf6CxKSdczTqLRu7WE53ZyuAQWbBqtAmT3MOpv4NX0y94v=
mN7jbfcgDAnasogwiOZIVKJVCeG02O3mfZN8g28vicBTIBzdBjgfdMCXC0xAdLgW-2BLVwWqHZO=
c9vmTJQBCgc0CW4T1zCpBbejZpiHDEVbwxGSRboViQmqPuhCd42Q1NkEa" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Qida</a></b>, a Spanish healthtech s=
pecialist, secured =E2=82=AC37 million in a round led by <a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpscRzDVcJT0GK3w3RgWiIG1w-3D-3DIY=
Vx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aR=
MmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVeji=
B40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5=
q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCd=
mg1x9JVvwfy57i8prt5KBZQVN1KNoCnof84l8RU-2BGeOw99M51NTWNglepZm-2Fus-2BwAYcS1=
Bbq08esdEANVfLHKh8aUOvvWcG-2BFFoVj6ae7WkcR4QIg0vEFX8OYW7j4jVjyddp-2BZ0knjfP=
PIc-2BAImLwSnv1wRNd1Ya8fBhLDY91vOPs6-2Fz1mdMxMbavEssxkcdYS2-2FfTNA7leGmq0cK=
Qc1tBRqnDWTs4BeeXBSH-2FrPZBI74FzfhKYPbOkL7c67xJo3BNXdqVuoBbVnXD4h9EX-2FOVA1=
3lLsskINgzEzv0Y" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Qua=
drille Capital</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS=
4g9-2Fqiyo1oIk4qpsGWNBqrRtbCTiX92dY-2BTxTw-3D-3DQmQk_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6c=
s2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ub=
WWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxW=
BkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prtty3sTZF=
-2FXUDTYzqTVlRM-2FreZuXRNu-2Brw5xgw0M0VROl5wupWuO1-2BprOY7K1bS7zPGEWH5UsByF=
YsfMvQLI7cRqbVY8Ri4OysI8Es-2BnQ237WIP5tnFXugCe0Qe-2FIC88oDpXBjgrJfEHCCTy82h=
ANx3u0mm9srgi5lJeuiaeAkSFkMl-2BkyhTycyqc92cd-2FipFXwWFH8hbrD6vJCa8rH3hN6FEq=
HLDQ4MIAWyQb-2BbR3SoQpecJ2UMfewth43URHO7DUWH6YOg1GQbKfUBRZ3-2B8zD" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">Procurement Sciences</a></b>=
 raised a $30 million Series B led by <a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzW6EwxS4g9-2Fqiyo1oIk4qpsUdeh2dqOqxMUJZuN4meYIw-3D-3Dc7u__I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDu=
UbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcF=
M467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-=
2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruB=
RmMlQ9cfFkWhB9fgywGRSi6iD0cILLjVOls8znVRvvS2v3uslX584TrmTAvVQXcWwH3Yc57BHoZ=
w6Oy1CUbF1jr1AvTUk384o5CPhO9Z4YHDy3z-2BByUlyThil8SXEQPOSrCZKtQcycJvEBfsvWCc=
cVYbwduUKOCnfOezDolL3XQh0GgP9U55F-2Fz884m7bPwuTL2YclxPIB656w2Ha6jJqrbwtpBUi=
W1JTTH52rgrU8xio6BsvzM2mxIz3dGyedlhzRiQkMXWRYNOaYqfk0Rz" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">Catalyst Investors</a> for its governm=
ent contract bidding software.<br><br><b><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzW6EwxS4g9-2Fqiyo1oIk4qpsAkgch2o0dR4JJ9FVuKjfIg-3D-3DQt5d_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1=
yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZR=
JcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x4=
4z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8p=
rsZP9jNF0fqoQOlbkcXGyJEgY2LZT4LgJGpQBKuI-2FkruciJIQESKzIkCwV6paM4hRnB5eTRZG=
tMPDVnP95E8T2CpjRCnZ57wrIxVVtsGRaWuHYv2ZlCgMErYaVQqmomK-2B5A24ttT-2Fstv9LPt=
VudMdBMcbyiL6np0ThdYWSq-2FvSL5X1-2BicXUfRSOzAzVTOTSOF2X9vkYBuy4N2U9qhDZGQjH=
XDbcscQXvoDygoFx5ZwoiCrENonhAjEH-2FAb8JYhQkMTFgwAzhUsCUypm1XCDY0Fx" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Affect Therapeutics</a></=
b>, which offers an app for mental health and addiction recovery, raised a =
$26 million Series B led by <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g=
9-2Fqiyo1oIk4qpsL23d-2BFmQRig-2B1decacV5Eg-3D-3D5nSK_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6c=
s2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ub=
WWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxW=
BkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prvH0m1gle=
fHgIqzkpsHBCGhKwCBNpSzWzCqDowcKjLIFF37SnRdfk96OiOL14kVfutAi0TF5-2Br6Cw8Gt1-=
2FGOUwi2CB4SrbGAcAZb2l1OfKy1aAlVlxt9raLCDqPjjS80iWyeWkA81fuN8iAYt1rpjTLE2Ah=
DrdUMyVXp-2B9miW9SeQhZzl2aZdZ-2FoGg1WsQ0yOF8bcxnNvqPpgHd7FTkBI5aiKr0vr3NcBm=
CP9ghXHvI31aRWbeo7mxnX0O5y2g82aO9UJWrHLvlm3-2F1M7TXAk5E" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">Allumia Ventures</a>, Axios reported.<=
br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpslK=
SVXYM9133PeWm9zvg5FA-3D-3Dz--1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPg=
uwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTN=
WqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBe=
HrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruadatz93P6wnd6o-2Bx-2BN-2BQjSS=
Va0TNgQbEMtb5J1VaIAypjT2XJXnY9qKAsIqZFBWIZNMMdxuey9zG6I-2FoLmnrEGsnWZvpmM28=
89H-2FRGSOWLxBsp7f-2Fof2LOndRXZIZpMgFgBrE-2FnpjMah0Yd-2FWEomIFYqIxMaS4whhsr=
6xpLBrIXWv0q9yr2pI35CJiT7Yhm3mhiLppDrMXImyL9JKW6l6wsBopAchUqqze-2FRAKi68FCg=
o0K9f1mCQlM4ljR1rBLaasu-2BgyrPnYBrybJJgdLNy" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Wabi</a></b>, which offers a platform to help crea=
te mini apps, secured $20 million in pre-seed funding from angel investors =
including <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpsLU=
RobLt4GAtfcSmzIzO7cg-3D-3D30XC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPg=
uwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTN=
WqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBe=
HrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prsGa9v0nupz-2BkZMaOV6LlHD6Ghe6t=
sxkLh3hL28YG525LMizLkpDjyCJ-2Bqmm0RlDQI0w5Fbw6yO9CsRjDVYiysXQ7CvR74Zj6rzfqe=
py2BPtUu-2F4Bj1Khyf6kly3zedzstXoihsYhVn4wjaF4JmZ6j94L2XGGoIFAHlh-2F2xyWq-2B=
WdhdMMlTrhoScLK-2FYkp8b6p0pHHXaiL2fiPI0LX66ollO0ryBpxaWMiPEdr8ooXv2gsRue6wj=
7ZViyXjKsaiH4gppcrtJtK2EyXQ3SPGS7uM" style=3D"color: #1D5080;" test=3D"" un=
iversal=3D"true">Naval Ravikant</a>, <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zW6EwxS4g9-2Fqiyo1oIk4qpsUTC0us85ns1voJox5xfxrA-3D-3DnvPK_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuU=
bWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM=
467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2=
BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prs4Y=
FyTIIJJXk9Y9Ds-2F0ys72J-2FGPRGi8qqb4FHq-2FEipMujcKZr62b3TYHmgDZyT3-2FsPVnTf=
B0BqD2FgyavSfM7rlUSZZzniUyGWSVtk-2F7yIjq2862G4dWxBGHLB0PPJr-2B3D7OlPg9q1IRK=
07jQMmdFtjvYfxB3-2ByJgqTBu3MRsRE6TTRWjO3WbmDUOPImux0l05mfFbA05oxzbT-2F5F4G0=
PgNTLDVmWTYrYYnnHdFAO4nRUY0fcodryhh2Hzgm1aMZz-2BnDJEA3rE9rvhJNCFsMv-2F" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">Garry Tan</a> and <a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABxQioCLOBf6MBID64RUk=
rtw-3D-3DCUuY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzM=
j6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y=
-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razo=
uqr-2F8RyCdmg1x9JVvwfy57i8prtQ80c7KZBtTAcGVskfe80T-2BYQH-2BSJvEFbaLLyiPRUpJ=
OLu7Mc7TqoGkth3R7Sbaf-2FoAWdUCbVg-2B3RmCROA88onauuDZoMf5Hi-2BFACELbNWqo5yil=
SPS2bC-2B6clmC1i7-2FfqEaSPQ-2BUADJSAjWR1JuPwICbnt25S5eEDJXQvpecro2lZ4h9oqzp=
D7gJW2kaXiNQOlR4zwHig64k6mKxmAWlUroDA43ADsB09jCmLqnUh3Kx65AfGEHW4ZwTgebGP3y=
rgMeD5eOBOpT2PrEACTysL" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Justin Kan</a>.<br><br>
                               France-based <b>Tsuga</b>, an AI-native obse=
rvability startup, raised a $10 million seed investment led by <a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABq6ZzF0YCTRzsJIyI3NGRXg-3D-=
3D31FU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
Q0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZN=
VejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lI=
J4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8=
RyCdmg1x9JVvwfy57i8prtm6DACnrhevTCfrWcCmIvpFJFchbSdbUf3HWX0aQGJ91iV2-2Fwauy=
ZegACxxHQEmc8fefZE2KbpA9-2FP-2F-2FTL8gjnt8KmZHWWE-2BVVBBQ4PsaUOArQMGCpAyyTv=
g1DrL6DQ1CizvE-2BRTfm9fyoy3jjnhMGoZbtfTyM-2FKeUZeCYU2eXcIEEoPXEhBUvQIsmXFVZ=
ghKYtsekV4RZUkmxNfF30MAmZJ0ltxfrezL7H8AGUsJ8fenO1Nhho0ui5xqO6ZiBS2gXPnPEjVD=
Vk4ZZCn9c9BxV" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Gener=
al Catalyst</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>Webinar promo</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>
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <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/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABDWUHY67iISPSF=
mataaUuVA-3D-3DMOWW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9=
EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYC=
Mvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOF=
q6razouqr-2F8RyCdmg1x9JVvwfy57i8prskiWHHIbgZXrDM-2B9XCIPvI04BNDPJ5e-2BRrPrd=
-2BJY8vXzm6tDnVXUx0pmAK2q4YfOO-2ByFkgDbwqAQzxKo1ndJ0wH48bOmIdN0xNeyHS6iX8-2=
Bbxhw-2Fpa9GZMspAUE51ZGTVq07k1xf72304nRUA5ZWTLCaDq-2FSrLI6HQXxKGL3Ns-2FEVNg=
tnDUb84LgOTbORexMhBY4o4QpR4Ubj-2BkETABo7lbNkkCslhl63aIuQnnwbOGlw8I7f6-2BOSU=
tsBEUW3arun7lMIm3VhhOjGVeHkM3hBy"> <img align=3D"middle" alt=3D"" src=3D"ht=
tps://img.pitchbook.com/news/71124.png" style=3D"border: none; max-width: 4=
20px;">  </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">Althou=
gh VC-backed IPOs gained considerable momentum in Q3, liquidity remains a c=
hallenge and the pressure to return capital to investors continues to build=
. AI has driven dealmaking and a narrative of venture rebound, but nearly a=
ll other verticals continue to experience stagnation and further dealmaking=
 declines.<br><br>
                               In this webinar, experts from PitchBook, NVC=
A, J.P. Morgan, Dentons, and EisnerAmper will discuss findings from the <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABtjWUq2MrsQbVDbJ15=
qdqTQ-3D-3Dthsf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLG=
zMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda=
7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6ra=
zouqr-2F8RyCdmg1x9JVvwfy57i8prt9rmMUh7E25UdmrH4h8kROIUQQq0eDFU4PYOxq9uZR621=
TcKauznanhaLBDWSpJd92FEf22cu7XUBavJepQ9oHchZdbcipGaEAMOGCXsTI9HQ750DlXSPMkt=
fiX8cMqORcYUYcvalgqSIqgwTY4X4D8Kk9UMn09FoFX-2BnWl-2BFB2yj2lYTRwRTtQfkfHyB12=
xcBoP5gC6Z5urd7672vZ7OJPHCGkxPY6BgDAR1EPdZJp-2F9h-2FUmnTA7vn3KW9CQh9BT4P3n5=
GG73UF4YUMX4MvcK" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Q3=
 2025 PitchBook-NVCA Venture Monitor</a>, current VC trends and how upcomin=
g headwinds may affect the market.<br><br><a href=3D"https://url6380.news.p=
itchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzWRGsZj9n8CUdd4JXfvtwABDWUHY67iISPSFmataaUuVA-3D-3DA5SV_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUb=
WO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM4=
67ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2B=
NnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prthda=
LLHrEzBnWqvrZtUn2h6RpzGmZ1gEKGi8m2Ppp3lL7i6H8oC67DNzZKm-2BzSQ8iJ3ayx1W7PaLa=
DOI2I80bZamDvvLevNsi4nsDijdlde9ixk3FNzxdarJmOikt7HUO0cH-2Fw7Q9qpVKRFUTKRIC8=
HLKJqqxitSLel71QTVje3mJxeB7ZweBp-2FefsHR9DJFybvYRrh5k3b1fhTV62sYuQ7YgZLvi80=
3Ew1F97WrO2qlBtkDeKYwDQtK1Uxc89bEsrJrCTGKMNkYQUXgt7bQBM" style=3D"color: #1=
D5080;" test=3D""><b>Register now to secure your spot.</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-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-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABGa4mnH4t3a9GWaoCTU0t=
MQ-3D-3Ds8sM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj=
6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-=
2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razou=
qr-2F8RyCdmg1x9JVvwfy57i8prvKFjWugdE6Z0nHtA3TwaxJI-2FRjQuvmL7Olu5ByiYAj-2F1=
wZ8BZUnxT9Azu1RsovERp7cY2h1h8g-2BDXgFgkcUH-2FuGUpIncq3aqmTK1ndCOUaR1FlKE2BN=
UF-2Fl3ASrrC5YnyziIE7rKXkgePD0lUyv6HOO2qojeflsW9EkpDbmdA2U-2FUN9fLtic8HKzvr=
eyFmRO-2FE8oI5Qa4vYl-2FrOG4xBNsVbCW1dwfykyyzXZRTjvQnVdNTNGuxUnEMSPfzA-2BtlJ=
VqiWr1z9NWL7Qv8Xw9ar8yo" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Bain Capital</a> is in talks to acquire the wealth management unit of =
Australia-based investment firm <b><a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW=
RGsZj9n8CUdd4JXfvtwABORUY9EK-2BCrsgV98jHzM-2BWg-3D-3DjSnq_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuU=
bWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM=
467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2=
BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruWd=
pgHr0W2fWKnIvf0JaS9P76BtR3i-2BFHnvkeRddT0EMeAxioClAoGBv1qjFcA-2FlhtbaWopfAd=
7UNwSD2e4udUk1nfEpo6p0cpUjoQlPHB25Ifd9uTQSkZgmBDM-2FewM90ESsy7jqvdBUFFEOExa=
sg6ytxVKCtWVj52mCKpUUqUH3Eved3dXpMSHdjb0GgyWV9tGKz9W8Q6l85MU5-2BooGN4ZUfVYn=
gnl7iblikCo5TsQmtmo-2BG9qrxha8uRN7-2FkQTndTMugrDjb3eyf4i6JSmwe" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Perpetual</a></b> in a deal val=
uing the business at around $14 billion.<br><br><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABWv7UBJ3AY96T9KxPYj15WA-3D-3DA30C_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0=
JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQ=
LPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2B=
az6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy=
57i8prs7GgTiVOHfUpFcIGbXw0tuHqc1WmE7RgaMiKatqRVSHx27zEKGXJ3jFk2lRHjAX9FFE42=
R05Up3kSfzkEz8BwhFORNAcPYOzLjToHw-2FqYAVVpJWyNCIlpwkhM1pFu4l32J3QNgom73u4Hu=
ccex9S-2FaMlUiOvtqElNQRQB8LOGUHPVzu8i78DfMV2iJPrAISZP8xISb0pvXPlhynRsiBE9Dg=
rTwDC8uHWdbEjXndADuGNRmfnxhiUI27tmP7Tg6dkkIEjMt5EOLGRV-2Fqg44qyZm" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">Apollo Global Management</a>=
 withdrew its $2.1 billion bid to take pizza chain <b><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABoBBpoByETZsiJuIt6JwyIA-3D-3Dks0g_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjc=
rHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK=
1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbq=
RKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9=
JVvwfy57i8pru9a-2FLsYY1nKa92zRJMhl39GUYPf-2BidbgGhIvzvj89yF8CX2UVgdh8oRwBiT=
7OodF3QEcM-2FUosLKxIq-2FsNlsPaieI1NjMQNnxkSdUos-2F4Wqb5raPKmTZaloebk33ppPsL=
KSjXGSCAi781djAH3fjdk8SKjm-2F6Ln7VrL9iZh1MKJsqOhp7GQ6T7WmksZh9FgHJuLB5x-2Fc=
Aw16FahQWJfYi3UHG3YBf4Mp36bjmVvrWDIjzNipJA4JQfOe-2BQ1RcBI95RtsEkRb6UV4tGpcN=
sbdX94" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Papa John's<=
/a></b> private, Reuters reported.<br><br><a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzWRGsZj9n8CUdd4JXfvtwABLOnOmxs8YB6GnI8sDNslHA-3D-3DuXcS_I3w5d9c01gkD8g=
LzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1y=
DuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJ=
cFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44=
z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pr=
tEltxoOsBilqmN05ia9-2FotpPxMwjiDR4vkS0llYT89HluYsI2fV3eTkuXy6Dw8X7ICSWtg-2F=
vmNAT6Fvimimfpwo0JsQMF6yZNIjedtPjw-2BTtM-2F8kvvOaIcd978PBoTZiPm8scBmqujl9LJ=
EVHpnu53MJ1k3WnQbYiXJelQZebCT2GgQAGYIrNkCHJjl-2Bx8vFR8YwDnZb0frpi6nPg06wHsm=
L3-2F3DOVveBzlK91Vx0H2bKnaXOpmkAJcPREPlE5HvbIgjc-2Bf5Xy4y9udK5y0smn" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Monarch Collective</a> ma=
de its first European investment, acquiring a 38% stake in German women's s=
occer team <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwAB=
nDKeMophFLzyyYuJMUbDhw-3D-3DrJUC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy=
-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgD=
PguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXR=
TNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdni=
BeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prvPHWRbQnGb0BLBJHmXk6Ro3fGM8h=
5va9oG0WlfcZVVrdLivR4waY1BrrsLwHk8TNvRCqHDRCWb9P5n3SS-2F2wd4EeZK2Sze7HMX-2F=
w8cEO67MPV4j6WNS22EZ2x3Sm2Vl0iHYG-2B1MQRRamR1W0N4hcdhS7Omp634qeB49f-2F718Sa=
qk5-2B9pukb9-2B5PBggR2t40V5oMaZnp7oRW8zVVdDT9U38D4qA9M-2F9plcNEaCIXA3SExEGm=
bmDXQozvn9hA64rb8abMxP1nDKr4egDRzKJsu4b" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">FC Viktoria Berlin</a></b>.<br><br><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wZDm2pvxIigAAWz1oDdkNkQ-3D-3Dv2q7_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmT=
jcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40=
WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3c=
bqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1=
x9JVvwfy57i8prsdYbR1t-2BVRn-2FC76qOCx1c1zTRJsAJu-2Ba3Zpa7CjKT-2B-2BFxwuTcGG=
8dMZaWzY8RD12XKknDxlFEKzeQ8uol39D26SfP0XuEKqndiDjSFtYEhj1O27tu4IcbMnl6qOH5z=
5QjSlZhG1moOKkZvaFJyjyxOeVyMHeZ6aGH76u87VpFk8xKhBPaLyt-2FALCOEKSZjBH27zW-2B=
6WGU48tYRvftW0agwdSN3kbhlzsNs3cvyx9J3wTjhNMQ9KudkCBHzc9dlxTItAC-2BGooTIKl8c=
AgtSgH-2BR" style=3D"color: #1D5080;" test=3D"" universal=3D"true">SkyKnigh=
t Capital</a> invested in Kentucky-based waste-management company <b><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wiDiYzQ4uMO8ETmOJQSoO=
jQ-3D-3DND9q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj=
6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-=
2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razou=
qr-2F8RyCdmg1x9JVvwfy57i8prviFv-2BG0QS9VIBujWQdvB2qUXrU41YLhfCYW2bss1HyWZI8=
6eDEnjaT2USCJWLp-2B6NyS6Ytf-2B-2B7bBIDENuJutW-2B9gclEJ1bZfosmwlwKy0luQ7I-2F=
TJTRsp0SZjBKicAqRSc0PeRSi-2FiSAtt2trye60vny2KxSTkMqWU9zwceK2NWexlxKVI5JU63Y=
Egy5uVbkmsX30lGopfTJSWoogzOmsWXJNHHhqerKm9dr3RB3LKPID2cONNgDJHju48qh3kmMkcy=
2befHAhFTTtcrhPROVh" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Wasteology</a></b>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wy9Ggx-2FI2U-2FKaU=
04iaLrW1A-3D-3D8lwE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9=
EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYC=
Mvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOF=
q6razouqr-2F8RyCdmg1x9JVvwfy57i8pruzeXUeGJx0WSKnSbbCZQ9RbUrr8Gf5vfkB3sVRYkq=
ka344owyEftiKLEUJq1g1JmZ-2BHRkoilQ-2FJFBvt3nekF2XVW4trj2KdR1kx5fMyoBRqQLQAs=
kKLqNzQOXS2lUQBe-2BDROS-2BtUowO-2B7CuUF5y7vYd2jWz8JANSWpdmALPfEsdQkPf-2Bl36=
XyMKOg-2FZHjTG2Jn0F1H9J4NgyfhlupyuscMt11EQEFAru6d8sA73xzK4MUD2OjPo1Tl4T9Whb=
-2BX8FVzGLi7t-2BAn86Fva2Bpsa6z" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Carbyne</a></b>, a startup developing an emergency notification=
 platform, has been acquired by Nasdaq-listed <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzXblDcm0RHumM5zXoJIsW4w5nNYnC8yfaAGodBZqUBGNA-3D-3DoHrf_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JS=
GY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLP=
wZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz=
6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57=
i8prvK9XxWFcqMJNpaLqqkLtyhsa7MN3cx-2B6dFK57NJ5FpzdZS9APJmmtZCFEd5fWSWSo8ZFS=
BjFbMTWNjXL5SqDoEumTTbimBAtKRaRYXSqusqYrFkor-2FEHnvl1NIda9l34OomccAJDl-2F3z=
SmYpsOrsiFZRUPxFLBYBWzmKlWCom-2BUyU2IR5rffWA3UZfph1L2NfEgssoWtLMr0qJ9f4-2BA=
vSGjPbB7OUMYZs6-2B0ahy8epVO-2BmxYGhD-2BfNSTImg-2BA8JOZoAue0PAr8oZHGXf07TGk8=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Axon</a> in a $625=
 million deal.<br><br>
                               Seoul-based entertainment company <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wsFifmok2TCXlpzCiXYp9u=
w-3D-3DJ8KW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6=
ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2=
F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouq=
r-2F8RyCdmg1x9JVvwfy57i8prtyL-2F-2BKWd5BJN1UbIDHDaBLEz6nvwEwdeSV6yGbTUwek5W=
CHv4-2BizqSc-2BDLYL65GpSK9Oo8mEXsKSvLAdfJqDkGbj8IMiBHaRCtKbj70P4PS-2FAHzrcw=
TGDou4lx81KtdWHu9XUN6KD6QAB8eIAWW6S8XKhz8JHk8Jm-2BtErjylPEHgR5hs4VV3bzFZ0Os=
PeptlZvuAxoEQQlM9Yyvxy3KfbKdYx3ZdG0MnUaY1OAVS-2Bl3SxrKaA-2F2eNQYsnDWrhBWMeZ=
wt0xMOQFRQfIebvnVVdn" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Pinkfong</a></b>, which is backed by investors including <a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wnzoEfho-2FSdFuuYACCJEyaw-3D-3D=
4mdU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0=
aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVe=
jiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4=
t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8Ry=
Cdmg1x9JVvwfy57i8pruQQm-2B1X-2F5jPKsBkWsqTwGzPqTmogIH-2F-2FY-2FAbny3tmN-2BR=
N6EwpGAN-2BZh-2BxJmNjHe-2FBzZudTZxjIIla2MUsdOgUhtK6G9N0viK5-2BtVMBzzXNMHEiy=
Bg252BRmwVPXcRTtCmckwFlQJ2QjiUYm4KJISupjvZUfCsrBjsbPL-2FWEshtin6aQ1QHHR8mhV=
hOjKpAUZlFh3VzM1UqXy8MWw2Rd2MhJnosVHKI1YtwH0Ih-2F-2BY8S6gGEURdkIQAyV-2FPtks=
M9JMIga48qk0z2DClqrB8CF5T" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">SJG Partners</a> and <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXblDcm0R=
HumM5zXoJIsW4wzMSVRBN212QcZ1MoIFuEXw-3D-3DnmSd_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXp=
AJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJc=
IIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhV=
hvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prshEXipBK0-2BqQ=
CyVQM-2F8IFPu1xuiSFxvd3kjVjkMwdwWX7U11tlWOUOoFY2C5PKxlMq-2FaA6y6JWa-2B6XJp-=
2BwWdUqP3rwa6-2Bdfu-2BYcEN0rrAy65Xh32YWDendVk69Zz3jzU4toYTagOMmejPJ0gw2izzm=
fMTj6Mokn-2BLukFGturzvq5uEWChco9338tonN0Fw0OVtZfBf3QRp5deEIbtWikbKKwF-2FwEd=
1lt8OaIJqHnTqcnl160MlyN8F3pQiq1KcBX9Tp8cs-2BdE3M94mYwKO01Fe" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">GN Tech Venture Capital</a>, raise=
d 76 billion won (about $53 million) for its IPO.</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 lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">London-based <b><a te=
st style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXblDcm0RHu=
mM5zXoJIsW4waigKUy05B4K06LF0uzBi5w-3D-3DSpHW_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJ=
wYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcII=
OEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhv=
ZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruTkBVbwoM770r9B-=
2F4VbAaunHZatMNoId2tiBtUDc0iKQ14kH1s5icI19HR2cXvmc6tqwS9b-2FT8UGo1HGOAeW5p-=
2Fi5mI6RDXmk7IpiDSBToAIE7e1Oop3M31C9SQwftY39YWDE8IDrry9Kz8tc0lSoNPQop41eSSk=
pYiVmyE-2BlJLCnNN-2F9lrxq1tw9te-2BBzOSvp5gCyUsEc-2FNQJ12FW-2FsPykbvMkGrXPI8=
lY7f0LMb2DpWmUyZA2SfWu-2F0yqWXsVA7o3SldeJelFLmYwn8LoC-2B3" universal=3D"tru=
e">Aspirity Partners</a></b> closed its inaugural fund on =E2=82=AC875 mill=
ion. <br><br>
                               South Africa's <b><a test style=3D"color: #1=
D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wyO-2B1Ny5=
oAvU8sJTAYujJXQ-3D-3DAnUz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG=
3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHi=
j1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZ=
zUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prvZXrR3GfwxrdKqvyB-2FulSkZyKYRKEsMgA=
KXLlWd-2BtPpIEH8w6WKNN9-2Fsv0QccV2Wp3Xv-2FWI6gfj6M5LL7ljkSFZfgxdIldiVCuYKNe=
pNECzQbASVvwTNLuoTO-2FdXnmCOulrem6ZzzgLHt35fi1i8vF8jsjB9ZcqhYF9LUb0Bjq4RUs8=
TmOBzm-2BDNT5tXKevRDMjFOC0ScMGRUDFDwWXpqfGBqEO3gWMMQxV0w93fMxNFs1ZCTbOjM6RQ=
kazypmOAsP6WNqMYVSl1I4IM9oEDFu" universal=3D"true">LLH Capital</a></b> seek=
s to raise a $200 million fund to back AI-focused companies in Africa, Bloo=
mberg reported. <br><br>
                               Lisbon-based VC firm <b><a test style=3D"col=
or: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4w3=
2cbCpRcssWtO2-2BzLdFymw-3D-3De1Ns_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bg=
DPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BX=
RTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdn=
iBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8pruQTJ4jgIm6Qd0xGWJ-2BuJBf6pu=
dPc8yiGsCrSr5Tv5V2RLV2Eu3ePgv8rVhaq-2BWBqBkMSBR1-2BvLJiIuM-2BQyyZb4rF39PUVu=
UGvumgfM03C6IZEKn2JRAwjj5Ffw1TkrY0VQVuw4YoeQQVRfs45YYPHtDMwA-2BDnSVpiSgi1ej=
yP4BZcyqZvKbtkJ39QUGyCemQDk9jGdykFGrzbD3KiCBvpGILm6sdgNQxBIZlgO1qF1K5qn4hHg=
D9nKDrk85wz28dmRb-2BYcLDVmIM-2F8cHqAjsCK" universal=3D"true">Armilar</a></b=
> raised over =E2=82=AC120 million in the first close of its fourth flagshi=
p fund.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">Brussels-based <a tes=
t style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXVoKwFGUy7d=
HTIugQP2iKGf0IlRAXfZt72PyooSunpBQ-3D-3DwNY8_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJw=
YbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIO=
Ekwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZ=
QOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prvsqvEN4zXCAvcPkuT=
34OrMa5wnM-2B4lva51woSRmokJgktiFPNXE2E-2BUAR4FiZepHTIyI5lt-2F9aYDHmWfGeZJTN=
qFVNMqELBtIfQyH6paKjAzQAoMFFRHfuO2X1OipHHuVi8-2BWEoCK70E-2B-2ByEy1K4u1OeIPO=
xlUAOHI40QgRM3kS87REOV25-2Bs4l9CmfizJkYR7wtr44wtH7Ru-2F5XFMPiot3OP7vwugVay9=
UdfiCECzNGIocp8z0K84A03fBFxFGV7vaCJAkhU0KT2CZ1I8IlRh" universal=3D"true">Ca=
pnor</a> acquired <b><a test style=3D"color: #1D5080;" href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGxrPiSIRrqGIWlcaNhG6YtQ-3D-3DcMOa_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFQ0aRMmTjcrH=
bNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6ZIdZNVejiB40WK1L=
-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F05lIJ4t5q3cbqRK=
C-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr-2F8RyCdmg1x9JV=
vwfy57i8prsq-2FZYb4UIVF4OHEEZTc8O2JJ5wtSNDhTs9BQ0HmldFHxKcLsv-2FAsgD-2B1zFK=
Hma4aIHLaVOqH-2FTQSe5INQQM-2BEI-2FxwFP-2F9UZQSgKX6hZO7gQBA9TJyCkZdfZkRFYDrv=
P-2F4-2FbmRVscjWFyNcmY7depIkw-2FF3AHvzTbv-2FWJy1wOdGyld8GLzJBLDvCkuz3KnyR0O=
Cz-2BcD3T-2BpyO6ZOfNoZzw2ZgGhQvoWgM21dQlCxRMeDRsrgp4F3OkIWxbeaKCIWTB7ncShLR=
xbcEBngvjjQYQM" universal=3D"true">Calista Direct Investors</a></b>, a PE/V=
C advisory and co-investment firm in Luxembourg.</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-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGmw71mmMKq=
Vox2puabFxPgA-3D-3D0DzY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3n=
Rau9EaLGzMj6ZIdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1=
bsYCMvda7y-2F05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzU=
oaOFq6razouqr-2F8RyCdmg1x9JVvwfy57i8prttx6edIoaYtMBX5xz-2B0jRMkSAMbKqnMwg0c=
SFTps0LYFroHTnoXpoa4ljpDV-2Bu9-2Fu8BReprb1bd07Y1QZQ59SH-2FSBn6Ht5-2FUmBSElb=
O7ZJdP7ZlOvS-2BtsN5WBc0KQ7YRYnzHh6eoQFi91OvcSaDAC7EVzYqlfqXmT25Cg5A7hRy5m5i=
AM06uxKAaB4XkgYb5ED0JnGh5m4qaAcBVRjWnhG0o4Je12xKTC7nSfXFJGKdOyU-2BweBikLlFG=
ONKnLJozqbwZWG0tpy0Bc4ESUExZPK" universal=3D"true"> <img align=3D"center" a=
lt=3D"" src=3D"https://img.pitchbook.com/news/71183.png" style=3D"border: n=
one; 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-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGHDOHhwrZTLe-2Bi32WOtu4Vg=
-3D-3DX7YM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6Z=
IdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F=
05lIJ4t5q3cbqRKC-2Baz6x44z-2BNnxWBkBFhVhvZQOB0yQIJdniBeHrolZzUoaOFq6razouqr=
-2F8RyCdmg1x9JVvwfy57i8prslycEYf7-2FBXJM2fcUHtiJ-2FMPIcLn0F4uI2lEIaTmFN4lDB=
jjsS9zs14INDasoq-2Ft3AWUOJzZhwrpR-2B-2BJN-2FkZdtPcFoHR344-2Bqs6qf520gMSky-2=
B8-2FFRvSR0EwI1mrO3y7Jn6eP-2BXuXicUd1yVUGZtzpXqeQzlpLyU7SH0PMYMxOQ4TTdC55pp=
tEagmH1y4loo8HG3Az4FyyZUrQzvPVrjX4gL8Lv1VToeqg0TnW1-2FsK5TJFpJeb-2FMcOnFFPP=
1kDaK5GztDVa1oMcjHKxjiSTRLm"><img width=3D"160" src=3D"https://img.pitchboo=
k.com/ads/ad4354/Churchillnovvba.png" alt=3D"Ads" style=3D"padding: 0px; ma=
rgin: 0px; border: 0px; display: block;"></a></td>
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                         <td style=3D"padding: 0;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGDPwCokPhTB8dpEGJ-2B7igUw=
-3D-3DAnQ8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFQ0aRMmTjcrHbNJ0JSGY1yDuUbWO6cs2xoXpAJwYbvJCM27bgDPguwQpG3nRau9EaLGzMj6Z=
IdZNVejiB40WK1L-2BQLPwZRJcFM467ubWWvLJcIIOEkwcyw-2BXRTNWqVHij1bsYCMvda7y-2F=
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