Google
Edit File: 1762443383.M931661P1867653.server-619288.prediksijaya.com,S=189256,W=192693
Return-Path: <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com> Delivered-To: angker@server-619288.prediksijaya.com Received: from server-619288.prediksijaya.com by server-619288.prediksijaya.com with LMTP id /QlSN3fADGmFfxwAf7/9AQ (envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>) for <angker@server-619288.prediksijaya.com>; Thu, 06 Nov 2025 22:36:23 +0700 Return-path: <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com> Envelope-to: vetyl@ponjosonek.com Delivery-date: Thu, 06 Nov 2025 22:36:23 +0700 Received: from o2.ptr812.pitchbook.com ([159.183.175.69]:50398) by server-619288.prediksijaya.com with esmtps (TLS1.3) tls TLS_AES_128_GCM_SHA256 (Exim 4.98.2) (envelope-from <bounces+28456106-7880-vetyl=ponjosonek.com@em9314.news.pitchbook.com>) id 1vH22A-00000007ppI-1pUl for vetyl@ponjosonek.com; Thu, 06 Nov 2025 22:36:23 +0700 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=news.pitchbook.com; h=content-transfer-encoding:content-type:date:from:mime-version:subject: list-unsubscribe:to:cc:content-type:date:from:subject:to; s=s1; bh=rPcfKAdgtxrXalT7zQwKe+rsq6vfSQtL8VVuMYn8S/s=; b=gieucWu7icZlNETGb5hgXdzo2U8FuL/FTPZOjvtWqYp90wZS932OB732ko3+gX9+0Wxq gA6U1qmGYDMFMi31sfzNLsBWEG7Qnbs9sEAfyJq3kG1e2JDWngSOw0gPKc9fMgudV0szbe TP0zgjdodwlfKkUitLTi+IHjUv6EdDF14rqf9efivFWjYoVqVgN+hIuMyee/u+6t8rNodI l2uu66TRDUIZXFQGrofYR88/zpxQ14+qftroyhU9NS7BvqTXUWtJu/h//beFtQvDNpCOz1 sXMwUI56NWJAS6fFoK+h3vcgq1tPQHfDmWQfBnPRJEAPcbMOpJIn8n8Wa8sB+R9w== Received: by recvd-54dc8b95d5-mwl4z with SMTP id recvd-54dc8b95d5-mwl4z-1-690CB675-A 2025-11-06 14:53:41.056899954 +0000 UTC m=+227122.749383518 Received: from Mjg0NTYxMDY (unknown) by geopod-ismtpd-15 (SG) with HTTP id G_6ux6QgRJaaA9HyriB8wg Thu, 06 Nov 2025 14:53:40.998 +0000 (UTC) Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Date: Thu, 06 Nov 2025 14:53:42 +0000 (UTC) From: PitchBook News <news-noreply@news.pitchbook.com> Mime-Version: 1.0 Message-ID: <G_6ux6QgRJaaA9HyriB8wg@geopod-ismtpd-15> Subject: Real asset returns weather stress best List-Unsubscribe: =?us-ascii?Q?=3Chttps=3A=2F=2Fcontent=2Epitchbook=2Ecom=2Fnewsletter=2Funsubscribe=3Feid=3DUK23?= =?us-ascii?Q?EBU6P5WAW&em=3DX65PN7GSJDIPRVZXJSN5XGVXL3?= =?us-ascii?Q?AFLT7KSBPM3DI&ent=3DEJKJ2TTFOWZ2C=3E?= X-SG-EID: =?us-ascii?Q?u001=2EwjHNPkoEd0tti6dH8mhCZa5d7rLdiAsxLgSYARk73rxHPd3Aqlcm2Tnrv?= =?us-ascii?Q?pNBcRMFNFcwVOs7OA=2FjzaFr76g=2Fiu8YoHJ1ljH7?= =?us-ascii?Q?WWw2n5SpECDNkhAbGBmxChFlNfPNml2tfKEQNi7?= =?us-ascii?Q?aRZwCBZe032eq+tVPDMMv7H8m5Tv+pdSrGuxvyv?= =?us-ascii?Q?7C753duT6cKm36PJbfBS1WCrkLfcBWdtQEDnxI2?= =?us-ascii?Q?1wE=2F71bolXsiJ=2F=2FeQXVQuO9aMLBPByatvPLpo4c?= =?us-ascii?Q?MWeA?= X-SG-ID: =?us-ascii?Q?u001=2ESdBcvi+Evd=2FbQef8eZF3Br+BiVHMa6y=2FD0OxHyDTyeHBn4HmQMpF4Qb03?= =?us-ascii?Q?VKy+NsOif6qx82VoLgh59RtJ66WHiqUyA4Xrq5Y?= =?us-ascii?Q?WXO6JSqtbp12WrdaAkLnh28Jt8Jxmnok1sLKF0u?= =?us-ascii?Q?zLWj37o7s=2FF7gKGBLDujv4P++JPDzcXO5gzsbun?= =?us-ascii?Q?2py7m6P9LsitlbfzIYwXr9tj=2Fofb0ESFI6uS0cJ?= =?us-ascii?Q?iWy06c2Ngl63dU6MSD12JcQgEsCUzYpQ7JDBYOA?= =?us-ascii?Q?kzgBVDyEVfNIvyWJ=2FSCoKh6xg4=2FYUlyrTQo3Ay9?= =?us-ascii?Q?RPzCMr0ogqS=2FGdgtdqNL1FdlK2pOJVFjhjbuqJQ?= =?us-ascii?Q?=2FD9PQH3E6MHn9uQfNnIl6rsZg5vBTjaz2HIwiTK?= =?us-ascii?Q?hUyQxSdC8gNoak+?= To: vetyl@ponjosonek.com X-Entity-ID: u001.YFoIgyol8PWrw0qKNaJxbQ== X-Spam-Status: No, score=0.5 X-Spam-Score: 5 X-Spam-Bar: / X-Ham-Report: =?ISO-8859-1?Q?Spam_detection_software=2C_running_on_the_system_=22server-619288=2Ep?= =?ISO-8859-1?Q?rediksijaya=2Ecom=22=2C=0A_has_NOT_identified_this_in?= =?ISO-8859-1?Q?coming_email_as_spam=2E__The_original=0A_message_has_?= =?ISO-8859-1?Q?been_attached_to_this_so_you_can_view_it_or_label=0A_?= =?ISO-8859-1?Q?similar_future_email=2E__If_you_have_any_questions=2C_?= =?ISO-8859-1?Q?see=0A_root=5C=40localhost_for_details=2E=0A_Content_?= =?ISO-8859-1?Q?preview=3A__PitchBook_Newsletters_VC_pulls_back_from_?= =?ISO-8859-1?Q?China_AI=3B_Goldman=0A____Sachs_ETF_targets_PE_return?= =?ISO-8859-1?Q?s=3B_consumer_retail_PE_slumps_to_a_10-year_low=0A___?= =?ISO-8859-1?Q?November_6=2C_2025_|_Read_online_|_Manage_your_subscr?= =?ISO-8859-1?Q?iption_The_Daily_Pitch=0A___VC=2C_PE_and_M&A_=5B=2E=2E=2E?= =?ISO-8859-1?Q?=5D_=0A_Content_analysis_details=3A___=280=2E5_points?= =?ISO-8859-1?Q?=2C_5=2E0_required=29=0A__pts_rule_name______________?= =?ISO-8859-1?Q?description= X-Spam-Flag: NO <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www= .w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso= ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office"> <head> <meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Dutf-8"> <meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge"> <meta name=3D"viewport" content=3D"width=3Ddevice-width, initial-scale=3D= 1.0"> <meta name=3D"x-apple-disable-message-reformatting"><!--[if gte mso 9]><x= ml> <o:OfficeDocumentSettings> <o:AllowPNG/> <o:PixelsPerInch>96</o:PixelsPerInch> </o:OfficeDocumentSettings> </xml><![endif]--> <title>PitchBook Newsletters</title><!--[if (gte mso 9)|(IE)]> <style type=3D"text/css"> table { border-collapse: collapse; } body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> 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> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">November 6, 2025 = | <a href=3D"https://url6380.news.pitchbook.co= m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2= FhMf2O6GdMGbDEmSelQeI7l3-2F-2FzpK9EeHIvXA-3D-3DTnum_Pr966knuaHmaw6c7pKvB-2B= CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2= BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrD= v-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcv= pfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQrt2= PZBq58Gy-2BI2uOoR1Qk1dbHO04mzKWdm5CM2cER-2FLkddXFN0Z0VqbZXje1y-2BQCITQuA7cv= BheyV6V-2BCENPmZ963Gq1tFnTd1SzLRCdZb8nOe-2F9JvRRDpDRGT7vuf0UZ8x8-2FdeNkZsq4= woRmBUcnMWXrAUBvvmjg-2BP7gLzVEjm9WTXMWmeewAjcxSGoXKVbYSIgiJjIwaCPRCkz8iH2pg= FtVEqI9KtFiJHW1Cw5Nv7qMQZFhpTShp7oRxHrSczDj4hB6OzJeBg8FyC5X2qWIB" target=3D= "_blank" style=3D"text-decoration: underline; color: #1D5080">Read online</= a> | <a href=3D"https://url6380.news.pitchbook= .com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wj= gWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZYap3= xyjo613CQL5EKIRNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-3D8ntq_Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHU= kZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1= K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5= y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJh= wB0rttQrVi9UZhc6MSZe6YgMDX-2F-2FXEmUFfQJ6M3gyh98PmgyxHVOlOx-2B9Mn2owgczrtdy= iwKj49jbkTlOLpHWxuWlZM-2BUSF2oUTUtgCz7Z-2Bv4bQGWcPysQQlZjYowytpNvTTuhC6k42m= UkbagsveYZxVuWzffuF3Mx1RATRvga9dAeBqCQrm5X02um4p119RDSY-2FM20AjGSNbXNQls0Kh= b-2BStIBnxAMOmfkZTmFPHRXKwemN7NA1VyLnYPdclWhQgDcWAKABXjMAGSSofArQZvegfkBwc"= target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Man= age your subscription</a></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td style=3D"padding-bottom: 14px; text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2O6GdMGbDEmSpf1T2M95dGr5ErPMjitAQ= -3D-3DBt4L_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4= af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDd= r4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQ= Wx9g9ME9o1KKG-2F1slz1QJhwB0rttQpaVjDShfj5CyDr6FN1mpc-2B8q1FICIpWbreIywbEUDN= MgvdFjAP-2FTq-2FRPwRzERqioYYuOOobWkUkPzxveGwsUIOITPbjEDTFNVpVMGQ6uQfbSCFci1= fLRK1WNuH1N8miAhhv8rf9mLHWW5qxhZ2v1xzB2ZoThycok3eSO46RDuLx4nkge3hEEHsxTLTXe= dk6sMzc76VQhjjO29nv453JWMRSVsGfnYjfWZuGFbkNrWVtME5CKIJD4S4Eani3lftojByt9XFY= x8pldnEQ1YevVst" target=3D"_blank"> <img width=3D'1' height=3D'1' opacity: = 0; style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitc= hbook.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAECQE= 7XY5D5PSLQI&emailId=3D3DPRS4WYLK3UJHK&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL24= 5ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EPI6EYRH= RSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.news.pitchbook.c= om/wf/open?upn=3Du001.3gwe9GsF-2BTAFq5zC5EhFQ2a8abB1qTlMwYRLNzMolGjSmCPqRZu= yzb5tQBOnSwcK5SysTiupsNdBvZDB73vVc5XyzKr-2FGjCUNJ9grxrhtxza6M3bDOkl6AVC-2BF= TYccoGhFeC6ihecKlXxbs8ABqQr8q8tQZqJ1MjozoQp7CzADG-2Bvr-2BOHetS0lOFIoeR0SJ9q= KvUJ-2FBr4Qs-2FDK082LNLa08C1t49elz1AtMQwLixuwYVHynu28nivJ66gGNyshDl7vcQ53H-= 2BxOv56-2BUn4mPS0tIJWTECvdEuwo-2FH4P0A1-2B0QzfBQy3L8mDB6YCjBMzUXOQ6WEtqx5E4= y9nf85NH4eigTrwjnceWc-2BvTuhlFxW-2BgOdLBxT2BkFzTkGBoKrJmjuIZq4xNNEklbhMOxMY= QNsgNBaaUQO9vi2UO7p3eKDC3pt6vGLGB8Y3RJ9fwQlRBqbcvtQSUQ0cYZNRckKrmg75KA-2FxQ= QE7363BQ-2BXjqhs-2FqkIpRiXx6BdqiZeymTlZiix0hVt3kAmRWaAX84DQ9Uce2IeH0q5doy2p= d2R-2B30KUaG-2FgpdPHIoeAo3gDBSK4qo" alt=3D"" width=3D"1" height=3D"1" borde= r=3D"0" style=3D"height:1px !important;width:1px !important;border-width:0 = !important;margin-top:0 !important;margin-bottom:0 !important;margin-right:= 0 !important;margin-left:0 !important;padding-top:0 !important;padding-bott= om:0 !important;padding-right:0 !important;padding-left:0 !important;"/><im= g width=3D"141" height=3D"39" src=3D"https://fonts.pitchbook.com/newsletter= /pitchbook_morningstar_logo.png" alt=3D"PitchBook"> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>VC, = PE and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px; padding-bottom: 38px"><span>= Your edge on global private capital markets</span></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2O6GdMGbDEmeJnEL9S8jJvcHLoMwTVkLA-3D-3DD= m0a_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE= 9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4l= aYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfi= ePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME= 9o1KKG-2F1slz1QJhwB0rttQqz-2Bc43u0b-2BIojRfEjeRrOe6iYy6tZa9fL-2BwvdWsqMMcV5= ig-2Fa5saGu9ILP28PuqRKeVNJrXYKkDdFNdjS0SkcIlqsn-2F0A-2B0UjB21nleMDiWWnijurp= z5lqbXk9kzto-2FCYZeyGaN-2F4xrlo8ExTs4SADbmNJI-2BSOFgNtB59eV7ot0W17dG-2FPSAc= HwCFbvwzR94mm7Y6ONDVxmbkbsQBfb-2Bc3Cs42G1vczAhrB0adsKPQV2wWUOsKIf2qJaop7xoS= S1WeZpsAD2aChG7OfU5-2FYTh1"><img width=3D"460" src=3D"https://img.pitchbook= .com/ads/ad4366/SVBHBA.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px;= border: 0px; display: block;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Goo= d morning.</b> In today's Daily Pitch, we break down the latest <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2O6GdMGbDEm9A-2Fk6WjDz2Ky9dWfX= P-2Fk0A-3D-3D-qZD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BS= y2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSR= TC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMA= U7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQoLxDPOdTBqP1n5VUyXPdWgtqpkKubj9oexv0t= T5KORLXULIH9KFjbj6I-2BGo00dkS7QLlrJ8WeYz-2B8WEC9cPYg-2FdBRaCh4A40X0kieHbGBS= JkHi0qTdVTCg30-2B9gSCXTQujyNTiClqhqup1Nb4oBQXlO5aabbjTUzZCNEpN5dwbVCIw6zoW2= LgK8SSrCtqRqNMn7jUbjgTCb-2Fep4vETU5lFPiV5TUJZKPGG4V1KCG5rASMvHkOv2dQx0Gd8hY= Pj3hXBxkXH2lUZb9iUMigOdkkJ" 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> </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 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;"><i><b><a test style= =3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2O6GdMGbD= Emc2v1-2BuFYm5czk7FffpRSfw-3D-3DTxPs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0Y= QP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPw= kxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN= 5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2o= LLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpKzWV5aTKIoitJzfbD= w74SzJxh6OkV-2FHd-2FUreWM85YJA9kXiUjJ4RNd8Xv49OcD9YWkCvgtTNe87HJgFdn2ZXIEGV= L3lIvtXU9d2eV9Mo8PFPWyaH-2B5p4OZ67YDuiBzabI6O0BdKVCgt9CC3go9K7g-2FDHmz4MYVd= HokQHTHJNDLAh9qeWze-2BEVGHtHIBiUMzRC-2B9AQ3lXRhRJHDv5UfP-2FxWAKI7nDVd7zFGrr= -2B-2BfA4X0Bfh430YI5J3ZKXISUC2RLDlGfR-2FOjXRB9zqe9v2p4l">Sign up for Capita= l Pool</a></b> to get weekly commentary on what's driving LP decision-makin= g.</i></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </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_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%;= "> <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;"> VC pulls back from China's AI = market </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <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;"><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> </tr> </tbody> </table> <table lang=3D"x-content-area-bottom" cellpad= ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table lang=3D"x-image" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td align=3D"center"> <table cellpadding=3D"0" cellspacing=3D"0" bo= rder=3D"0" align=3D"center" style=3D"float: none; "> <tbody> <tr> <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-2FhMf2O6GdMGbDEm9AyUJu4= UH-2F37dVMz7t9XhA-3D-3D_62n_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7o= VAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo= -2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiep= bdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQrqvjuIOEpGLYZn01k-2FPrdpjmw= jZ7O6VpfChV1oC8oJdjyzZKPFdYDqtLZ-2FEfIYPxr-2FY9VHOAvID0PBkghmBsFUwybZTawWi2= s30vGATG-2Bs-2B92cyFnelazWnqVwFBiM1HDTGc5x-2FMNVL6aElef6xU3mcw5QqkZ4BPw6Xas= O3Pi78qW-2FHTEisEe5CjQWDHXVMbkTMsqIh50R9TzyDuqQdPnqIWjHGlrS-2BhegFpehk3HhPU= imZL-2BA30oMXz548Y9hFReKj0WXNGutklh-2BHdASezk0" universal=3D"true"> <img s= rc=3D"https://img.pitchbook.com/news/71249.png" align=3D"center" alt=3D"" s= tyle=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></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;">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> </tr> </tbody> </table> <table lang=3D"x-content-area-bottom" cellpad= ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table lang=3D"x-content-btn" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2O6GdMGbDEm9AyUJu4UH-2F37dVMz7t9XhA-3D= -3DGn4W_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= R4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-= 2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4U= dYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9= g9ME9o1KKG-2F1slz1QJhwB0rttQqTOPwZ8KHOzWh1DpmK2DpvSqtPqeue4cBOdhFjHpQWSqXk0= W0uHt-2BgSSESJgn6q4KxCuB1Tl8T2msW7bf6aXhLtJKhmgZOFWPeOjGsAaD6TOktKfM97noB-2= FxeAKZk-2Fq-2B9Z-2BUmSJRf4ZRMbSyVQcrrzOxq7VCkdDXKe4AJld0KWSyu0m-2Bv-2BpRdfA= pSe9jMap91gQAHK5CRUfsbqcSVst7Uf-2BMHjlVlEeEQ2ZkgUgYpwix-2BgP3oIJm8Zux9a3LdV= mdcD-2BtZUjZAD-2FSExLWHpzLM8" style=3D"font-family: Roboto, Arial, sans-ser= if; font-size: 18px; text-decoration: none; color: black; padding-left: 3px= " target=3D"_blank" universal=3D"true"> Share this article<img src=3D"https= ://fonts.pitchbook.com/newsletter/arrow-right.png" width=3D"24" height=3D"2= 4" style=3D"vertical-align: middle; margin-left: 8px;"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU7HYGbI-2FhMf2= O6GdMGbDEm9aiPXPMPv-2Fzch0-2F-2FPFR-2BJQ-3D-3DzULs_Pr966knuaHmaw6c7pKvB-2BC= EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2B= BhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv= -2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvp= fiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQoKF2= cdKpgFeB0S-2FZkc00-2B92TdhQ-2FzHzbnrGMh-2FF-2Fq627IKRHaAu8Zzcsje8UHiZcSvhtN= GgDRTn0zS7xtcVAemi6zY5-2FVcVp7qNe5R3w7wuPz58pehLbqHmbACETveX2OtWbaD-2F-2Bj-= 2BBfgMquUdCP1Y4eIATttUKoRBhqFQ3AKJGRYFHwyEKV00Wz4oc71mnK7Ho9Cn4qAqiU7Yt-2Bt= 7ajYYsxX0sxn6EAOprq6O-2BJ3gYcf-2BCEd-2BqHKzzr6EJxWXpACAkwsd-2BCXdqbM7XV7rnS= qW" style=3D"color: #1D5080;" test=3D"" universal=3D"true">2025 Greater Chi= na Private Capital Breakdown</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"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from Affinity</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574370" id=3D"n_574370" 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;"> Building for speed: How Picus = Capital's tech stack became their edge </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <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;"> <table lang=3D"x-image" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" align=3D"right"> <tbody> <tr> <td align=3D"right"> <table cellpadding=3D"0" cellspacing=3D"0" bo= rder=3D"0" align=3D"right" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td style=3D"text-align: right" align=3D"righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2hqeKbpAzDCQaT-2FuMsIpc= WxQMxVcSg-3D-3DEgZI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2= BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8o= SRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03s= MAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpHtSkIK6dF6GCvJHgwVuxMJwulVU94z3y1F= BPSVtFD7uMMhtR6-2FeDSek6Rh2ehinb1XgTf1kz-2BdQMJ8nzfhUfVJKV9846t54e7qILiygIP= xffJQKwV-2BKfJCI-2BH-2FD-2BJ-2B9NnnsGLJraavMFCF8JuHcizdv4yRPjG3l2KbrSfB851X= KnqWssZoHrNysaCdmyDwwhlra3FFTATiVA12upVUZKPSqnmBLqkYYQdvATYiGh0e0XKZRqca9ta= SB0xU3W9IEyL8M791-2FgDIh9w1-2BW53NZN"> <img src=3D"https://img.pitchbook.c= om/news/71209.png" align=3D"center" alt=3D"" style=3D"border: none; max-wid= th: 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-2BaqM7ONnvsnswouzULVIlu3SeBauaR2hqeKbpAzDCQaT-2FuMsIpcWxQMxVcSg-= 3D-3DhWmp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4a= f-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr= 4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQW= x9g9ME9o1KKG-2F1slz1QJhwB0rttQrXjAt5PA1-2FASCXbz9qRmVsp-2FJz99-2BRsNC4atzsD= 6OUVbToiPLVOa3AKZ-2BYETtHFj76UYBtZRG6UsQxxL2LGfuHTmqzq1T7EVaqs0fZMqHfcHExLc= 0-2Blu71tlKdhg47aqJ1A3JPqUQZtV3YREnw6HjiqFnR5eqC2DsnDUxz7QNWRoSnIRYBIL-2Bu-= 2B79RYGtQTOMnYOo56pk9WMkatjGXD2cBaKJgfBStFiyyqvNNiZ2qDI4dn4rzI8bPh7l7wpw6Dt= -2BGiTo2YDrLb2bbd2LEyj9Q">Register today</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"> </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;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>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-2BaqM7ONnvsnswouzULVIlu3SeBauaR2hqeKbpAQ2hm0eZS6rKzFb67s-2Fa4cA-= 3D-3D5k6V_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4a= f-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr= 4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQW= x9g9ME9o1KKG-2F1slz1QJhwB0rttQpb1o9rj13-2Bsvt-2BFg53qtp4a-2F76ak9gDtnID9379= 22V0Q3Hze-2Bwcvc1a-2Fn8Mb1LjV2p6qilmo2jco5-2B7AS3LFI-2FZQnwo5E2CtP-2FZbfEo0= VtuFvMFgcquICemuMn36CuFK2aP53u53xyFQmtPaFiAcbkNbncfkDfRPMkyeBCpiumux3Z4zsP0= rhFCt04BGsO-2Bntt5IPg9agUnJNk1zoQaKb8-2Bw-2BHAFlOYCJQB8To0wOh6Ex1-2BZUe8F3l= OKCUr3174XX2tA-2B1qhCBsIK1XKNbT5sx" style=3D"color: #1D5080;" test=3D"" uni= versal=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= hqeKbpAvIc8ikhEprK5FmrL8zPA4A-3D-3DXu8B_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY= L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZO= LPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZX= GWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPuj= Y2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQoUnMhw0XwNqrWsr= 0GTEQ5bLzwx79eeMCGuQYDRUgZOmM4qar3hc4TQpwZSRSf6qZyzyMPZqyHYN-2FZonrEt0mJV-2= FzA6p8IH9fjYHJ8-2FHvOMOV6a3Vpys1aO-2F-2BEa3IylSb2x-2FOv00R6Fw8YOh4FgrhZ3lam= 5f4PBHfcGiHnIPNHxhXscg8VT4NST48e6tzVOcqjxMxeV5rqH3dYvmsVdc2bfRQcPXSjP-2BUxK= C94Pxx7g3-2B8KFQb4f-2FlnYRuu-2FSHoz956Do6G7JjMrwHPdXVBs3Ap" 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= 2hqeKbpAfdyhj8OOGKGEuwmRNKENOA-3D-3DpZVp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ= YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZ= OLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6Z= XGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPu= jY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQrWfxBBoWOiZpWs= 9kkSyCDKc-2Bm-2BfjuYyZ-2BbOWNjTZBeOuDDGrGrZuVR1jsxGuaIoyBUkgqo4Gc3VLGlGfsTZ= hpc-2Fi2OC1S-2FBP67AdcHDB7GZVQmlZlJ2nV8jeTO83ntmTsGiqZU6m18G2Y5KgzT0WRF1JBz= 9hsQ0O1B4EkvQQO-2FJEgA-2B6t0FfWkUY35hAwjFlUJk7YWcH5hQdB0Rf9I4NHZWtxW35kJR1n= zEDJFx-2FsyVz7vmmWDapyEV3YBFkHRmd7MAqmPZXsVfxb-2F0EAuLr58" 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= ULVIlu3SeBauaR2hqeKbpAVncEtfFOabzLiOFqubdNdQ-3D-3DtTKW_Pr966knuaHmaw6c7pKvB= -2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj= 1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGX= LrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2B= LcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQ= oB8bwGgB5AyXV223ZqOGoxt7NCHXEKrgYFIT1ojFQ8pzE3tJyFhT9HZJznP8ZMYK9imfnmz52L8= LTLVhCKac9bbZ0sPKuUHRizEl3y5ogcodcUQ01n1-2FLFbnv3uAMFroNx39k7xutaj-2FrEJJLi= KgEthfkvdhOjrBFGImZ986xyBclEgIz30xSAuV3lPwugYdzewLRK-2BSyIMUpm-2F-2BqnHWF9V= pkBm65XNvCkE-2BghYZ5XAevaUbNTivpXGdqGk2d4YG6JoQYUlYUUJ9GK-2F315euVW" style= =3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </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"> </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_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%;= "> <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;"> How Goldman Sachs' ETF targets= PE returns with public stocks </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2hqeKbpA0zeDbvW8B= 03TuxqJxB0oTA-3D-3DnQEB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJL= FC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BB= lS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZT= F03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQoglMM0M6RA6pjn-2FoGpaN-2Fokrtas= Lr77uNCGU7cdUdDPPdV6TB3tb-2BIyWHT7SGePBqLotvXVcB-2FoQq7WPqD8paox03BspcXYE0S= 714xxr1Vd957Vfd3o7rFciO4uZOhW95D9G5dM29WK2cToxu3swa-2BQgAK7WxA3mfY07-2BsbHX= laYxkCCO7JsLB-2ByF7WwBPVWyzlswmKfzVhGZV80wadpYVB9Jxc9YaaFiz-2Bxpe-2BG0SMw5E= KIO-2BFxe0VPM28tNevlcMXZ6Hmj-2FEVsvEDgb9vOtO" 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> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 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> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = 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> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzULVIlu3SeBauaR2hqeKbpA0zeDbvW8B03TuxqJxB0oTA-3D-3DY= eev_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE= 9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4l= aYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfi= ePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME= 9o1KKG-2F1slz1QJhwB0rttQp13DVVlG-2BJWGeCZI4qpjjDprOkzwQj5mbdUfy3Y5prknaCMGC= gcWqCH1la-2BbKyuhNDeoWXGUaEd3OQG-2FUoar7KZK9rKX0n-2B2jWFzAZd6ShHAvZFOfUfIaV= Cfs88TTGUaagY7eZNpktnWdO0qdVA0sWcsoxDiCRQLxZ7tVUX4AdS-2FJAlGp7XM-2Fp8hub-2F= BirA4uGaKrY2mCJ7aAQtoZNL-2FUCnC1OTceyeJVkbNDs9BlHfivCjZl395HYyXqVGONrDL4Lq-= 2FFWpOwxtgmGZ377-2B84e" style=3D"font-family: Roboto, Arial, sans-serif; fo= nt-size: 18px; text-decoration: none; color: black; padding-left: 3px" targ= et=3D"_blank" universal=3D"true">Read the full Q&A<img height=3D"24" sr= c=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"verti= cal-align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </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= hqeKbpA3L3DKB-2Bdjp2JXA-2B5GALd1g-3D-3D1g1k_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy= 9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9= f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHc= IPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQrGfoyRcMxbi= 3Se1beCcHnF-2FPgp26Tqs1L69UjFXfRPuf9ylrAJHFYuXfHcEof6Btbt2Mkj9OB8j-2Fr4WxPv= 4AXO7o7y2GQVmqh-2Fjpal-2FTa3jyLhunOvIvBH3bYOBOeH3MKo9Ez7-2BaaNcVNv0c7J1Ojzs= oCumZkTx17cU1ocpkZvm7cLho0nsJbOuUj23g2ay3gMsh4JSTS3KQMcWBJU8Jw98TxiFRGVj2Qs= c1jmDZazhamxCrKvRsVlV5I3QHC3GMCqphhde8QF-2BsgYB4invxld" 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"> </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;"> </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= ONnvsnswouzULVIlu3SeBauaR2hqeKbpAuQfKxgLlwjqIEmJRGlf5OA-3D-3DxK-o_Pr966knua= Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrE= rOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVs= o6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16= Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz= 1QJhwB0rttQp8WszZGNY8SH1-2Bp-2BAJXtqyj3Dtk3YM-2BrrktxRLxpkiFSXxWLkwj0a7N4ER= LdHXRdZYQibez5oKLBqLJRou0tQN5S7b0jXjZtJVxdckXxZmY6dC5MR1sy4XQ-2FUiTL9kE5KTE= G2DAObk-2B245PoZwjaFEgLm-2BNkz57ZrXYgTFFmrkRuVAYLEETsu3uClR-2BpIc1i-2B-2BCL= Tz56OKICckj0Aml6S1vw14Jo8utRZnbOsHJPYgbe0a3aPRwLJDzfIFtMNa3NBcG2tLM2fMotJL2= 40Ip0iv" style=3D"color: #1D5080;" test=3D"">The Wall Street Journal</a>]<b= r><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= qeKbpAnLCFx5Qk2Tumn9jpC6g0gQ-3D-3DOIz0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL= 0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOL= PwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXG= WN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY= 2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQp64whWR6jlN8OhjK= d4V-2F4LF6mX7aVNyl9iFZj4mYYIANRc20IBiZSqdo-2FADzYuQhSZkRcpBgNRMYwp8eNNOILfv= XEoHlAVj-2Bki6iKFD0jpjCDqkt23JTKU-2F5w-2BYOECtmDhe7tvTjfnKWY1WL0Xwfmt7cOBzI= nJwpJLVb4dq83Ok68ZCtM-2BFy0d9w-2FRdeESxjui859dfvCyle36RJrWgCmYQsbZQEmMwvld0= eGlDfr-2BIMLDFHucFn16-2FRcZdSeoI2dHzNEzneK5CIQZIZP45Fxa" 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= vsnswouzULVIlu3SeBauaR2hqeKbpAU-2FCVrjwMYanghZVe5h1qLw-3D-3D5eug_Pr966knuaH= maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrEr= OHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso= 6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16K= bi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1= QJhwB0rttQpbwFFV-2BFwGWbtHtN5lM6ne-2BoaWtXkAM-2FL-2BC8OxQ7rVB0okriMT57z3JU0= OaP7lAG74xZXHnvnKd4-2FPiUY591xfiW-2Beih4Vp9jkYjEp1bS-2BWZ5g3d7qG6jW-2Ba8uRR= cn3q8NFp-2BHGA4DKYbUrS1Wf5g1jxu03rUIHCwHK8sCPnDF6u5s7Y8QTbWuOBu8tiI5FUMAQAJ= LdXDzQ1WlCF08rQ0XMn-2FmRqm8j-2BejbdZITmmv0sMvanNLIGZwJ-2F7w9BuGxDXp9is-2Ba6= -2Ff764cUJhUTWWB" 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"> </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-2BaqM7ONnvsnswouzUMKJDTpXfLhzRHrRZypjCunY14BTDigWwYkGWWclFC7g-3D-3DzSU= w_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9m= gzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laY= v-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfieP= C7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o= 1KKG-2F1slz1QJhwB0rttQoqMcJmB-2FBgH0nO2HcjaDOYBFvF-2B-2Bkz2akP98-2Fyr1iHzhK= -2BjUKt-2BJhb-2Br8hnDmqZs01uHQlg5znLErKawGmhnmmOqt6MKQ4f1ZhP-2BjvUoP-2FGu0d= ZzpzAOUL1YBxZZLFrobR-2FlZhuyOJoNCNTBmIjX4aV-2Bavy31g04eBHXVRbd0JN9QYhJveid4= h4jGrOxfP5YEU9e944Q0lGt1O-2BlZi4DQXYP1OT9wjjKA0C-2BCk-2FnOSakakCCFXtxgjqKAT= fm9pJVeiUPOmHUsIEmna8c8VwA0V"><img width=3D"460" src=3D"https://img.pitchbo= ok.com/ads/ad4363/460x120_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;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/products/= platform" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzUMKJDTpXfLhzRHrRZypjCumOz-2Bt2f90w61ZVVGSLKpnw-3D-3Dj= 8f0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE= 9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4l= aYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfi= ePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME= 9o1KKG-2F1slz1QJhwB0rttQpYJnZE79ExpLlMHMFb0qQNiKIZZdnnGZ2OrcINtcrJCUKaLWkmG= TSRxpu7OPhLVM7WbSdxWJEVc0Drugh95QqDKpd0CpXzW4KPeoIUU1DWY1UOeWZDah1HJdidyshI= zdOanLPvDDFs9OkHwFZhF3HIFKLhxfRs3YdmHYD34q2BduN5LONlZorC9yOkYIeObDizDKE8xXW= tZ91unBhe-2BYa-2FstZpjHbVVFfrgOYZEGoz8sNuzgqX9xP75cEYZcTEQlYQc1i5kFgS2BRkGs= fcTjvw" 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;"> </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= swouzUMKJDTpXfLhzRHrRZypjCuWb83x-2Bn8K8LUunKkNPkadw-3D-3Db_sk_Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHU= kZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1= K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5= y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJh= wB0rttQppoUETPKCc741jJV7Fx872GMXCo3DVgpoFkccM1fhrR2ythVjZ1RHFyvdp6gnpWggIrk= jbwE7uefvH0Ah4vQJj7rGKFWeg9Xcxy8ddbz9icow38bTPJrKKD2r8XzG2j-2Fwd-2Bf5dh0nPU= qgyqLsTiR2aYxMJ950pLBlYrE3iUDzqqJEjulZph7A90zYLJOcN8Ba3aVuyacewJifjrY5fTw48= dMpDJuH1Ir7lnGNz-2F32GwekYd6qPCw4J4Y6yCTpqm-2Fa0xP-2B0-2BwFSn2fgcODj-2F-2F-= 2Bp" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universa= l=3D"true">MB Special 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= swouzUMKJDTpXfLhzRHrRZypjCu0JNLz9ESxP1NeqkaizU8ZA-3D-3D2kI0_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZ= cQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6= f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7= nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB= 0rttQoZrAhJnfv-2F-2B5WS9RlwQiX9-2FT-2BY8KfLNbaiSQ2JseVxYwVTvj0amnshC6adkP-2= FauKEeHh0qBZW03eUK0a2MPKNS3iz93lxMEWBqoWaLaWz-2BVGzzFGL-2BAgswzyjnoSILbjzME= oTw-2BLOswG6uG1sJ4-2BN-2Buc4yhfm-2FzinXuN-2FLSxxZVs0YznSMJKjvw7tRfXT2m5Yn35= PRxD0gL0WjrxdwO9p-2By4wjrETtPzzddNNJNpWJH-2B6tZ6ArEYOlsgqkB5v2qv-2FR8DySBur= ZgWurM8c3iHEo" 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= swouzUMKJDTpXfLhzRHrRZypjCu3varoCUsGDcy6xp7cH5Ivg-3D-3DNRkO_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZ= cQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6= f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7= nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB= 0rttQrjhFCEpE29aisPEVw4Nz1hS3gyuDKzbdRG2o4AZydkaCmNDr-2FtZJKtXR7DO6z2NlSmej= oDDwVrilK9hVJKE62akI2jrhBfzKPP23TYqjKLsr8i9K2C8sGsNUB-2BwdpAPdOUYiljB6PupbB= dXT9jGbSYfv2V5MxqKxnNnSUNnN0Kl3uX1z0FKPzBxeAfnvdCzRkQgHckKWST2CJDO6nzhh5efL= kEekGKyd-2BH0Qgn9IN-2B0Y8ZkYYjPm1q3LgtFO6PocnyMXbczjKahZ4Lh-2FE446Cs" 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-2BaqM7ONnvsnswouzUMKJDTpXfLhzRHrRZypjCuS-2Fo0= 614tkn74XNEEw9gDiw-3D-3DMeCo_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4= BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7= oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3O= o-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUie= pbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpFqckvFMlgh8PqCLd4-2FU-2F-= 2FkiQJHCRY4qpdRegyfC6tHssAXxoShHTpGkWn1avno8o03swLwd7HYfagQhBXmXGMazKBa6mdv= LSxAI4l4l0MY1htS3LFuCT061Vz0R4dqWJP-2FidgjDscH-2BAHFmxiPou7Nkjd47EeVFItwHvK= u5AdluG39Sd3a8PF5r83ANBylsKYYkWcgbB8OticnJomDR5jLpBMjziEobbKySXkLJsmpyYj-2F= RfiM31AgMU8c3m2lVLEt0KAsi-2BR2B3oN9ZfJHNP" style=3D"font-family: Roboto, Ar= ial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-he= ight: 24px;" universal=3D"true">75 Funds in Benchmark =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= XfLhzRHrRZypjCuIzX7CA9eYYzJiRUNOrpSQw-3D-3D5EBQ_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhz= RRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2F= C7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiW= iAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQrigZkYC= JbmB7keYJ6ajun5VzUFcvRdUsjl7CD07qiGvGiuzXYk7VJrvDP0t4mE9jEGVV6zaRhoKTrUPNCI= Z6KpiXpRfOuvROKUAN7UZumVMleq-2FqDmQU4XXvTdxXDSACwWD2xayzPdBXyoFYeDUPAhMsD9-= 2FBV6usYJtse4hkHimQEk8-2Fq4z5wqiIwfd3pqLo-2FpVZYY1e-2Fh2MAIQLzyO8c8CJeaM0Mc= ORt55tQMYrpl2vHIeCso7lv-2F3qEopduz1y7e4oRYhgdk0Hny-2BmSQwk90" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </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;"> </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-2BaqM7ONnvsnswouzUMKJDTpXfLhzRHrRZypjCuIiOHw-2BWViqLKhM2= 3AuC3Cw-3D-3DSEOL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BS= y2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSR= TC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMA= U7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQocQc0VCWfxxma9QZMxrdrkx4SVv64Oi44Zk2Z= inhVXPgukwyu7j8RpT3AVSiQX4DTTnZbHjRYexF4-2BkNW-2B-2BLhygdxZltvqC1u5dNOaLKyu= dDKsiV5yM3TxddtxGkohWmhk04hyKmGB4C0raBsRFtVRYO14ofHFxo1BE6wKPlYmZ-2BXmMCI2-= 2B196YvYLyE4Z9LjyaPAJ4bNmU7xgmD-2BsOlMLWiWic3L485EFT9eOB8RL3EzM4hJVX-2Fjm5J= Ge43wy4ZvryNWUOel4Om3BS6lgnGXx" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Glenn Rewick</a></b>, an investment banker specializing in heal= thcare, joined biotech-focused VC firm <a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzUMKJDTpXfLhzRHrRZypjCuu44IMiRngL71X7pNPNWY-2BA-3D-3DdwJw_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZ= cQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6= f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7= nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB= 0rttQrG2WQfjgsylA1JvkILWG2hGnW9KzjRSBm-2FxnCFTA-2BFsXnaHEq2Z-2B0DCHNBoz7ocY= 0iBOLbotQW6dVAwGKac8Zgvpm8ZiARSknf1Jfo8vBFgdDWPDPD-2FQ1xXdNuVuJfIf1yL31Y8UT= XanMxP0paR1mAc-2FcjoDAy5auxhKdbLOlxgOXZsNtLa0iMHgl65zaeQoGoORi4SfzDqv7wvCh9= 8B2h9L0uGz-2Fp-2FEvJst0C-2BaH7-2Fnw2tPCU1c6sM6Eu4AyNo0pUCMR3z-2B0d0dEWRF9wF= tRX" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Flagship Pionee= ring</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"> </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;"> </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= LhzRHrRZypjCufY2w6KfUGGkWp4trD5qsTQ-3D-3DY92b_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRR= iy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7= M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiA= HcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQoBMtaSKZS= Bw7INrWpvAT1J4k1deQMgcU8RDQq0YFNsyJ9xJRL1wa2XDoYvPpi5fImeQoW4Z71J0WjE8-2Bre= XJUvnNBfKpNdwcecBcQY1GCgcJ2qF4rqeIFbKLAn1M-2FeW4PMQ0N2B3u1KVqwFYLCAuMNsyv2k= vbQmWMdwEvkaJBcvGZ4lvEgelhmqnoiD7x2thjHhgdHsc7GRWJN6UfGAUE8kFILMUDUfwJ2Wn41= 7H1wxRXUZV8mog54pYLB4hOTAU2ZIWF8PCuPo9JCUcEN6bzi" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Ripple</a></b> raised $500 million from inves= tors including <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7= ufOATczlXGSpwA-2B1shWqhyA-3D-3DzCNB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ= P-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwk= xRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5= gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oL= LwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQrTTf2mcaZEYgaLcAveG= jNd1epSAJaUxOhy0EadhOSj6Vy-2Fy2ztDKwMS4SVin6U17E3Ws4sUQJXrF6sYkthhyczdal0uG= m5L19m9DzOgGRnSIhdAnH-2Bf2FGURkJKTlPosgKtFztJfqEB8olBT-2BATN06S-2Bz6B5h-2B6= hjUnQ4gduLmmzbzOSfDqLFxbXkJORYgASvbbdHtC7yEznsbXUakIFEVWQ9bOWHs4OfrCIuZpqFi= -2F342U-2FDiSZmiRqmH0p35DmYxN6VvuhA5jmsRdK8j4qkY" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Fortress Investment Group</a>, <a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7uvtlXf8A2XAHRD52LEunNMQ-3D-3D= tbhV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4F= E9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4= laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYf= iePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9M= E9o1KKG-2F1slz1QJhwB0rttQo06r-2FZ9Dw7ZP7A9LhBYSmkjwC1Rjyw-2FFofUXmNZIcjAXIg= dzTDPeEqymXFKYmHVnwAmTuuuNMQdcBPugnZ5EHCdl0in4cCr65bPGCVBkgHIXD5zr-2F-2FYx8= p2jhpt0W9pPhF92Azey-2FE-2B01j4-2Bcck2y7Dt2KleXHrwc90oMAlh7xhKs65N0K35lgbohj= 7byPDiCr6xSRISKJjFBbGA-2BGNtWW-2FyzRxTKvBk5Essx5wc9S7iEiKN9s0tmzQMcp9Sv0dPs= fx82N0ekvJg54zejPED-2FV" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue">Citadel Securities</a> and <a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqI= igU6ZLRpbWiyhlLB7ua-2F-2BLPtdoZDDmSMaY-2FIzMYQ-3D-3DMF7P_Pr966knuaHmaw6c7pK= vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQa= Pj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9H= GXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-= 2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rt= tQprpF6tBVTJ1jfFxGWBmymRirI4U2Y4QNEVJgcasX3xTLlK0fjHkhBHGrjVLzInDYgzQ0Hpvc9= IMmckfdZ9lnHuZ1Q8ETuiUBTOGv0rOd-2B651E1k4P12DoFWD5k-2Be7KYAiJjPJzSe2F-2BHiJ= AChf6DWIQK7hQWuGYMgzr3pRqC2X0xo2I-2FzasNIDFUjE6jcMgZdaP0uj6fzSavg-2BX3onEQO= oXd0xrOrDG47p-2Fz7szOWuk8aAJRRI2V5ypzXHq-2B2nH6F5FwqaOKpHpCIOpwlg4ayi" styl= e=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-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7uujA8f9tsQmoET3Jec3KxyA-3D-3DbC= 64_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9= mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4la= Yv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfie= PC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9= o1KKG-2F1slz1QJhwB0rttQo-2FTh9o7gtyViZmh-2BiA4Etu5xTYmh087V12Ypstcz2JjEkcmg= ofRVm-2F9obmq1UBLs13tkCX-2FyXyZoq7komJHLuYagBdSvgEEcfmyJ-2B5o55yY5Xw1J9o57j= kzF7qpiye6f5T4Y-2BBol30G8my94e58MvdoEpqX4GzU5Vx0lWXlDKiVjWIgx1Epu90MRtvvMQi= hFkbygCKNzb31RjY4e-2FEugLlloSJO76xvRR9NoCsnNy-2B4PWiC4PdBrZywO6B996Vh6kEDMx= 5xurd-2FzFIjYWbWfJC" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Armis</a></b> raised $435 million in a round led by <a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7uXHPE4JSLUA2FUgvFnpDGaA-3D-3DPUWQ_Pr9= 66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQT= agUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2Bw= cXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOY= zTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-= 2F1slz1QJhwB0rttQo-2FkKvMJNrAyTMszfEjEqGDXnYtf8kQPnlIUz9-2BrpaICbspgbolsEAD= ZQ7-2BfEydrVa5qUhNNveJgzB0f8OHUTX3d4vSvptpkZ7BGPExyvLJIO-2F0iI8xxSZ33QfynAs= aahqbj6dV6qXa8AZgMZgA2ykoPKWH-2B0HKrZYBgziZiCOWRynJkmsKCbXIqQtkSwSoq2ZEIemM= KgJ-2BgzTqv9qyOVNHi88rDMFmxCA4irwcCcvvrGWZnOvfihJHdZ4ccHbSI3ivIKLHeI91FHsj4= 4c70V5N" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Goldman Sac= hs Growth Equity</a> at a $6.1 billion valuation.<br><br><b><a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7u-2ByTvN6W0jZarEkTivdPlBQ-3D-3= DZJ72_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4= FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F= 4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdY= fiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9= ME9o1KKG-2F1slz1QJhwB0rttQq5dsKz7sIdBdjncGMY4ks8MjTmxf0qhiBbewFKTSLUablWRYy= r5FNECGPJfFsbt-2BxRfuCB0inPfi9GvmTO27Nn2lyTd8fYYq5SmK91dQvww3muZxpJUe3Gw9zU= 9VwFBOK8pteGUt8lfvKRaCYMwYIdd0UpV-2F7Z0ZoGwis8HwpPSQlwsETKXUxEY9ZihnufpHY2g= LZtloKfYN6la2oKDxU2ZmWMaLY-2FM5ivPaS6tVq9cNueF3QlThV6cNemRnnb3tpMacAJxCY5uP= KEGibfJbmC" style=3D"color: #1D5080;" test=3D"" universal=3D"true">MoEngage= </a></b>, the developer of a customer engagement insights platform, secured= $100 million in a round from <a href=3D"https://url6380.news.pitchbook.com= /uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIig= U6ZLRpbWiyhlLB7uXHPE4JSLUA2FUgvFnpDGaA-3D-3Dk4CZ_Pr966knuaHmaw6c7pKvB-2BCEi= Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBh= zRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2= FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfi= WiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQria-2F= N5-2FMNpIIOjQJxqU7rQBBAalexxZGpOAXLqnuoj9fo-2B88UUimpCxbUK7ne0pexJOcAV3OppG= AJVZYcP2Uc2SMqUqb6MUB-2BjZ0gmXNH4cI0rYi4GnLRvoJsQFjo33fHYna7QE69BchSvtR5IGj= gzVAkQaoX2nN7VMXnvbwWjuxFNTottt7DmdK4NKUIVDRCkbuBLTl7ElUlnr34FYnPovmUuY9Ehx= 54TJGo0A9NJjLA3jOaIZE62qkSZ5-2BKZGvXcUFOndYnYok4H0pm34u2L" style=3D"color: = #1D5080;" test=3D"" universal=3D"true">Goldman Sachs Growth Equity</a> and = <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73= BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7u4cbO9VrM-2B2XZ= SIfM7j6Hvw-3D-3DsX9a_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k= bMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-= 2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8= oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03= sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQq19GrlRygLmN4MPV-2FcsaQBEUvYgu7MoF= Xi2-2FhOvyIzzV0heHJ4BuLcpm9Gy1k43kdPDh8qPn3ZO4g-2FCvW2WtrMG4yP8lAyDPH86AJ-2= BOgACHTcIafQX-2FSz29L7QO0T0JxHuwKhW4rzgZcqABng30rz0rCeQCGuN49UDqAfU4kLCYD-2= BBgQuc8VvnIMl2uKI03AKPJ3Zu-2FrbQt-2FtYcFIzLStFWXTpLx9vkE3pl4oxin2vUeXMv7atK= rmZ-2FOcAuAGCd0EwCL45eAYacwtWR0xyry7E" 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= -2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7u76JoTIR2kOms-2FN1x6VmXLw-3D-3DhgPb_= Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgz= JQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-= 2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7= UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1K= KG-2F1slz1QJhwB0rttQoEhhs-2B30QaltsfgM9L84xoEaKA3uWB-2BcszvZiEy-2FqPZiFvwhU= 9Sfdr3ukzVaq-2BWFwWxS0qJIZ1s9KDyXvQsdCuBWs9VGqhesvAeLNyepmGpDgfEEs30BlpiozS= jROp1A0U68RtHqELCX9jZSekoTMkKWzf-2FB0i0YzlNUt0LfLMDNH-2Fia1Xw2Rj6gLxNDdxlr1= QSgiKHZNNOSVGnpRbeWDXwivRd-2Bpw9zcvJG-2ByTjKawafuU0MTn336XfRWiEAZaqtTLSLsHX= XnuPJ4dla8Q6kn" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Giga= </a></b>, which is developing voice AI agents for businesses, raised a $61 = million Series A led by <a href=3D"https://url6380.news.pitchbook.com/uni/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRp= bWiyhlLB7uzpghARLgOtuO2rEPSIpn1g-3D-3DuUUC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9= nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f= 6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcI= PujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpBy-2FZS6YSb= nCgBzX01ywaEQqWZduYubDAPAZG6jXGs-2FuIH9RngjC0WsldlNUAIaRAJ2eb7tEv2S2Tj7NI6Q= UKQ-2Bx9vFnCFw2BRJ1cjFTavx5I5cEIGT0FZ6fIc-2Fdopb0ux6It9mmsN6z9k-2B6n4KZ1z0o= usaD1G1aZJ-2FsYOE-2Fk6BDGLztuZIJSnhCi96U-2BA-2BY-2BLmnZ5ETARR8XNuNslOYqP-2F= LyvVGew12ZIcwhxP25NIBd-2FDNmKoXtsX-2FpJaUJBn0iQ5UXd40xndUtUKjh1sgxf" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Redpoint Ventures</a>, Fo= rtune reported.<br><br> German satellite-maker <b><a href=3D"https:/= /url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzUJqIigU6ZLRpbWiyhlLB7uJX96iY1I3UzU7NYVBGtt7A-3D-3D7d-n= _Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mg= zJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv= -2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC= 7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1= KKG-2F1slz1QJhwB0rttQqjE-2Bt-2B9KYQCo13FkHGMmhSYOc6scn5tPc7Jcsiw1Y6YQuX7CGO= hKSFv6-2FusRca86NiwVS6Id-2B288zTaamgJci2NqxZqb3oJUIDYFHrmq0OhnztZq3BRbwk21D= FGsq839ZswpWZLjfHkF2JoPIQVXTJ-2BMWRBHYz2Ns44bAlPvaa4IXWDCNN0TwVf9I8cbrqM6I6= PanurzeGVW2-2FjtzO9RdCRaC6DU4R5b8R3kva5nslasU6fdL7rmvUIo-2BEP6eFvMeF7ZQ7G45= 5-2FclnuATKJkcw" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ref= lex Aerospace</a></b> raised a =E2=82=AC50 million Series A led by <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpsxrHHeqXQfv-2B-2Fo-2= FPGBfGaEA-3D-3DeMUi_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2= BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8o= SRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03s= MAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQoELkSWqb3xqnydq3APiOxL6gm5VXJadhpxW= mf4O7UByFMujJ6Sr5sUlq93UsrbqhUBu7HndjXzkgsNjIvRR-2BRaMu7q3aRJaMKRPx5fUF6BkN= VGQTZSP1gwndLvt-2FRec9i3ZKGkd0eWoapwkD-2BUrytUWkKTFwwLUPS7-2FmDLnDtn3FiuMT8= AGIn7ZVtl9SPS-2F4wJ-2FwlqVmKS0-2Fi-2FZElPDIjGbOKW3ptkw9l-2Be61j9ASA5cdsIJoZ= wEZvkPoKmtnzeCM7ldqy8ZLw-2Fzo-2B-2BMQ9j6qm" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">Human Element</a>.<br><br><b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qps4wVrABwl3BWqxOf716ttig-3D-3DMeGi_= Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgz= JQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-= 2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7= UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1K= KG-2F1slz1QJhwB0rttQrLMbWlU3EW4Lehxw6bPuxSB1ksWl-2B7KetMmfjndnGj6GjCJdDyIPN= 7dqgikUqN6IWKVur85YeTFiJYZJqcn-2BgktpNZ5zWyvWQdR23KfcsK9T7hGo6MVVUHnVvHWdCV= 2y1F3KnqHUrN7qsMHpyEHw8pK9ctcQNW8Q8Btj3FycaFKeN-2BIcrCZIi1Rq004Zl4t3fmp-2FK= lGdtl-2Bqt33pwz-2BNsdoSFhcUR-2FeOAALMedZlXavfGMKAluKD0cQBmv0PJss28cz3jMj1hx= 5qr1zNR5eGrU" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Qida</= a></b>, a Spanish healthtech specialist, secured =E2=82=AC37 million in a r= ound led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qp= sPTXB5s-2BG-2BI1pSo2EFsL37A-3D-3D9lv__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0= YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLP= wkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGW= N5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2= oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQqjqkqYvsojBT5WDMR= 6nWOnlT9VRlFd4ZgZwayTVcHe7fxOXY2SwEmnl9otw9tVe3QhLNJ7-2B09ES8RfyLIpYXn6Cnho= bfFo2COYXlljRQaiOdD5izL4bneY-2FYt0EFup8niJhuQNWMDlHt8kkjt-2FDpqqq7yUEteF-2F= GTU5G7mO0TSHCqwv0ubhh1cQTHNKkiL53D-2Ff9CRRCUjqRy2CwrOXRFmHO7e305GfZT1aRdbOj= GAPM-2BqT9cyM1TVPjppqV3lJyjAM4MURMRSE8Xxk76TtaNp" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Quadrille Capital</a>.<br><br><b><a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpsnFef5NtLTCv0LZCviM-2FAaw= -3D-3DZgSU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4= af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDd= r4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQ= Wx9g9ME9o1KKG-2F1slz1QJhwB0rttQpdjyBLa2J7eQOsrUKmfW9fO4bOLNNQPYjIKGqz-2F9dy= 5oA2UeIBcmT0kqgpmxGAHxCu6RfjHqv1DbMUinJoUX-2FfwlYqycg9sE-2FcUQFVlDbksfsnEJ7= RBxxVigybOnBAqkdCjUOr4vgUO9kR2GOrfaLzWWrDHAnksvprkq84NNnbZlTnlZUGU-2FiM5hEy= l9CTqCScHBOWR7fFyvSGRqI5ZshE0Lc4h5I6Yraeo6HleVlYxEaI8KULfi6AEyKBBDPfnmmdrTq= JM5unFikYIN3IUQpC" style=3D"color: #1D5080;" test=3D"" universal=3D"true">P= rocurement Sciences</a></b> raised a $30 million Series B led by <a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpskbknvPRqG8ikkNMwZkuJeg= -3D-3Doz_V_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4= af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDd= r4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQ= Wx9g9ME9o1KKG-2F1slz1QJhwB0rttQp06N576QQAqQbALPvORwg5Zbp-2FZliwADOWA-2Fkrw5= fd-2B8wi6Njh2oCmzoQMoIrv-2F8970rBmT8YxB7TXckVBz0qgwIDBhGK7u5P8kSvtrHvVqbpdT= oLeX-2FOe-2FdDH6r82LGK-2BmphiN3fGL7tHe5yGF-2BZa62UAZRvZwBB7TLoEAuAK5IPVqyuX= w6s7LaUJathB4jjwf5494rMQuY2TCen7wnR9poIhDOn-2BLkPR94oVTLME235yLK6VkFMHIhJwV= nFoNGRlP38kN4XnFIhElPqLdnCJ" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Catalyst Investors</a> for its government contract bidding softwa= re.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4q= ps5gxOf69gQQS-2F545xEi9OtA-3D-3D7V43_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0Y= QP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPw= kxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN= 5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2o= LLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpZeV0lZWGT1e7hF0BM= 02plm57pACGuh5Uin46bK6Izl65YUo6QfwviPy8kXxqidJdfblnG4rCaTRfE51fohe1TfG5a070= XCgtrxDJHa4nEax7D8TR7m9p2LlA3hFsonOrfjgQG2ZL9tBYdTnX7aD-2BI7v1oLURbKJNRrYQy= l-2BSzeXscZY4iQozIJytQRcCbyVisAazGKVZkiAPGmDu0KzMnfOM1FCLpFv7QnrDJr-2B2bJsb= 94yEdlaP3S21-2BbqG-2FDz3NpHt9f1H4B2JDz77r7qMH" style=3D"color: #1D5080;" te= st=3D"" universal=3D"true">Affect Therapeutics</a></b>, which offers an app= for mental health and addiction recovery, raised a $26 million Series B le= d by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qps20uT8B6= 8MOuQmJk1mMyKaA-3D-3D5rOj_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVA= JLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2= BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbd= ZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpJkuZrHZRrotSRW0fXnf4GiZwlE27= 2MNVYKY5M4ctuTU29o8y-2B-2B8aQEUIivrn0pCemaHS4UMNLBTopo4FvkxPshq3t2TbmQlW98d= iw1odbG6cyqgLkqdAkRsIJsJa4uG3vhEi3SnxLvnCooQ2iAcBLMG9SBdM3nmmSJhlZumD0qAkmT= 5oAHps85geLJVy2bRTXadoe67uG9096wg6-2FW-2BkiW8V3EMK2N5IVIIdlbavKHQ32XQ-2BwHI= ovbyfRVT8Bth-2BAaNyziqTAjf61ml0rwLOK" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true">Allumia Ventures</a>, Axios reported.<br><br><b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpsv4gPTEsi2JFvz9veHw-= 2B-2Fsw-3D-3DTRtq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BS= y2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSR= TC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMA= U7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQp62At6aOEEuJpyDes2Fzury6ek4ms5AlJFKlP= PRsmKZ2yg5yRuKo9TmnQkLtOf4S0bMMIkVFojcLKB0BOJ-2BpG-2BxEJ9YCGCAqS4Xq-2B-2BAG= mTxN-2BVJGPBbKwoZ9E7-2Fu-2Fi9iLTHo8vCh8f7wyM4a3SDCMOMxo-2BBkosw5-2FFUTOG6hJ= XdsVVqpdgfIGOk-2F0EG84otwi2OrmUIQjZudTlVFTj8LKN0ClfwtMGCwinKbOPAmQNa2qjv8FH= C78747q9TyKIh-2BRVk0iuIHUVfY2WI6LU3Qia" style=3D"color: #1D5080;" test=3D""= universal=3D"true">Wabi</a></b>, which offers a platform to help create mi= ni apps, secured $20 million in pre-seed funding from angel investors inclu= ding <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpsMNBVMMJ= NOzoIII-2FxpfcV8Q-3D-3DCeHX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7o= VAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo= -2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiep= bdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpZK9vNZbYrmiFxvUdCaaXJvH9FZ= sGOIBr444cvDc3S7lKgB-2BynZRO7DjEf3bMN161E6-2B-2BeUu3ID4cwpnAjmsZdJbSdSZpuQ6= c8mKH3HUCNnIamxVA7YLWPXP7Op1o7MdbGQYwoAqXfbUehTgMNCpj84-2BeTPtCXmLgyx4WIBhX= bxMPaWD1eyP-2BY9MPR-2FlCkjbPESoQ-2BqbPIa5QhlJXfjcBLNbAnJ4ly6SmyWAYQnHrKgcBD= BRsQgT4UfXo-2Bi2S0X6rJWdfVmbaMYckQlQ92maGO" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">Naval Ravikant</a>, <a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzW6EwxS4g9-2Fqiyo1oIk4qpsNCoKkQUnTei0PD9lo97KlQ-3D-3D5OIf_Pr966knua= Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrE= rOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVs= o6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16= Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz= 1QJhwB0rttQrXszA-2BXIYmJe4ie8XkqpuBmuSD4dkM-2FCMOh6HO-2FgUkcW3tE3-2Butn5ZVJ= 7GprpoT3dT-2BvADCuuTQO6y-2BxAOjawi0iAtMfRGHFS2zl0NU4mCqMOMG3q7sw-2BcwTnjH-2= F2SEf5S8tAYBCMgjGhkATVuZKoPo29-2FAsFQDCgM3othOos1jo-2FTmsvM2qMlFfh6N7YhdZKb= EpHl6Wh6tlitrY7k-2FoP6Suon58RlzGiyUVdDVFQPREt8eCWXH5yBetm38D7xIWRC4HpePcQqu= eILQW12P9Bd" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Garry T= an</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABr= CTHNV1b71HokmiEOzqt3g-3D-3Dv-Qd_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-= 2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWEl= b3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwH= UiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQrxEikaPj8pVhQJSN2DWk12v= -2BR1jmOyvn4LqUCPRQjswmZMukKKCTmBnvmD-2BSKc10QTEgcLhkKSUw84VVbphBb2BD83AfEd= 2m2foznoV7XvjL3laM3Q-2FUVC1-2Bt5IKMwKpA6JSdf8Cb-2Bj9NGuWD5j9GLtp6vnejB-2F-2= FrhJ4ev-2FJrmLtPS6tme0cjoqbLlgnem4pslFRZEuSl1qMqmS2KUlmROXgtOUUJkXQbkY7DAAI= FY7NPZCfH-2F6b6laSYZwvpt6HilrrRVqPE2T6NWMfzeyyg9" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">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-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABnWYkeemR-2FPu2QsrSIg3XeA-3= D-3DuPtp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N= VR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af= -2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4= UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx= 9g9ME9o1KKG-2F1slz1QJhwB0rttQrZwGoXtIy59AgBLQIySIUFI7BvEtnOfeHcAWZ9d8c-2FIm= EfWIRSuTpHw4hytV15x3sB8qizheEllE5wN1ziW6XRxmWCQTsEUfJ2xMaPsrLT1-2BveZYE0PZu= t6RnUE79RIq15Brdgfh2tce6CCMetNim-2BA1sGl1hqn-2Frbl889-2BtC9-2BRbknSx2ooYDlC= I6AIkjIYefxxhzSOMH7is9WbWEdq0iuOUBAEiAzJVfqddkfEevQzXa-2FLgICRVCTpUCnN2Eck-= 2B8-2B-2FI1OYIGalk9LP67DzUt" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">General 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"> </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;"> </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/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABylPCtJl-2B22F= TjrXIaLupLg-3D-3D7tF2_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC= -2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS= 8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF0= 3sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpQmMuF58q0IpX1Fsx-2BxygyvuEYwufE9= e5Er0DsGlwfSLSBcukss-2FoG2yxJDLC2m-2BUG1etni-2Fqi7KIwJgBGFP6BtvopTRfZ3mEZsf= 5nmWuQ3LsyPzPXx5ee8PF4vZUuw19HD2AowmVXbDKlOqUGqfOBAifVOTqvc-2FQRtX95IbpodCB= GLLCc4wwhL6jtA-2FjjceKg8GXCpaAG-2F3T4-2Fq0oq57HRPq3QoCTh9-2B8LU3ZSf3fE8U76q= oy1v5Qqfh1DNBeFOtSY-2F1jx28PJce0s0QSca1z"> <img align=3D"middle" alt=3D"" s= rc=3D"https://img.pitchbook.com/news/71124.png" 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></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-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABneigmmsYulW33jgPZ= V3sxA-3D-3DCzRX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2= rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC= 3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7= f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpxNkOtHEimqvfZUCx0-2Bs9ZtTGhrD9YdfSbNL2= Nqsg2aJAZjIiqTpr3vvE8H-2F06eRrW9jUawDUixsM41bo45BgKcfhGv2VLznU-2BnFrRHzzy2m= OebLEL2No0sT4FrZKI1b35VB1BYR9k5i4jeCNvQIt3z3ZgZw3xqqJOvscZdpDGzWOyyNS4k8lQy= QWW2cutvja-2Bf1dZKsM5BoyQT-2ForwqIbmHTyx51okPO6pNwM38XuHtYcUOGxj-2FhNofAfNz= wt0uPWAy-2BJxXO0QkW-2BbPnWnIeV" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Q3 2025 PitchBook-NVCA Venture Monitor</a>, current VC trends a= nd how upcoming headwinds may affect the market.<br><br><a href=3D"https://= url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2= BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABylPCtJl-2B22FTjrXIaLupLg-3D-3DnKEA_Pr= 966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQ= TagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2B= wcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UO= YzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG= -2F1slz1QJhwB0rttQrrnNfcGVfnJNxuOsdmi-2BhaCEatYl6n4f6VVr91RFd7awPt0XbDN9tdv= V5bID0cIkpJl4FalX6s-2FTiyB0ZGgdYF-2F-2FUZYrZtk2toE9r-2BoRTFvf3-2BSHJBYKoUit= E0-2FazERt3pRLN6EPnwTdTX2T6orvZNAD40ypWC4Yx-2BjTuuCLnMOWNCCAlnJ0goLIBdFdFsi= XtpQssDgMhMb1VXK1Pfl8M2rBrVfSAZsJ-2FenA1bcCjXo-2FzHeVGyCLu06K0-2FxP9tzh2k8M= mAl01-2F3tiM1RzzLk3a" style=3D"color: #1D5080;" test=3D""><b>Register now t= o 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"> </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;"> </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-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABKNTtSG-2FpA9Mc2evzFw= Kqsg-3D-3DJADx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8= UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2r= Ofg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3= BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f= 0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQqwVAHZ-2FkFFePlG7p79s5-2BdTOaJ4-2BD2NzYo= gSxwyAoJqNN0k06a-2FY-2FFgVGIiQ9n3w3nidtwigs5TTX4p9sLN0iXHTrsNQ1POLmh3B4Fn6E= NACOyvXxVVqiMNkF3YNs8Eaq58HxhicpSektq14QM3fFI1KMb09jF5puGQCJ2FrIQLXJHkDH2Rg= VqLh04qPHZ3EEmL5UWOsYRcIVhkPDfxZfjUwd0LDAlB0MukK-2BJ1WVoBzkFhdYiPzRJMkXJNJM= rTA3XSQaLJ9ElHREF4usFdCc3" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Bain Capital</a> is in talks to acquire the wealth management unit o= f Australia-based investment firm <b><a href=3D"https://url6380.news.pitchb= ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou= zWRGsZj9n8CUdd4JXfvtwAB6ndr3atxYd87wKCiTWGJuQ-3D-3DNYYr_Pr966knuaHmaw6c7pKv= B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaP= j1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HG= XLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2= BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rtt= QrSrwFeez-2BvXEh8SdWMfuiSO6HAwN7Kvk7JCYtDY8hIObMYVMVSn2F6zPxbNGsFWuWsiR-2Ba= -2Fh8TEUz6WHCIZWCxyW2hb-2FUtwmRldPBqML47hk0Z22Xs8-2FwswwNrSt-2FYU3byfmlJd7W= h7hO3yko1bpW1vqN4sprzgdeU5Dqy94FbMkW0QBtGleO3Q3j9lTfvEIkvyo7T0y65uLFlzOukWz= 56Cjth8flG1Q-2FMq47KVSHRrOs5sBsB8phbqLL-2BGkNTXCojygDEDWOJiwo9X8sE3d81" sty= le=3D"color: #1D5080;" test=3D"" universal=3D"true">Perpetual</a></b> in a = deal valuing the business at around $14 billion.<br><br><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABu-2FFEH3Xi8fRg-2BtI61CwP2w-3D-3DZ= 7Zw_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE= 9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4l= aYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfi= ePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME= 9o1KKG-2F1slz1QJhwB0rttQqxwtkBoDtvZusFbtYLZhuDWqe0jq1AUKBGArS8Pje51GX04piPF= 6ewfEWB6QMPuK7EPmadZ4e9KfYADcIKif54Igjyilx7v2w8VRtJfLV2ZkdUw39wb5HlU-2FKwvT= QCEVWvZH-2B7UybnsO0lC-2FKS5zXaWfVURuLPenG4ocxwhsERareHA1BfBx0DVdI35tSaIKrkX= MeknXSFU0j724mmR9kbbjT3tijke9-2B-2BJHAeLn2cahX66uJ8lFZEnuHPdtMhSA6xnjq7MSBK= vviIlgHhlaDh" 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://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABv-2Bdstnq9cDP= RVFtmofdi3A-3D-3DU2-A_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC= -2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS= 8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF0= 3sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQoyQNyDc5dZUL3mDEw6KNIj9pJBHuG8vKB= ZYy4rWBEnNY7sLC-2BCBONyNS7y5s8dmhJVfUROVyDbTuN4F9ip9fQtWPnCfIRkO-2B6cC-2FJu= eb6ia-2BDaEVvURJsb28cR539JkyQrdJPoyL63hxKamKqo88FSCJH-2F-2BML5vlzm3-2F9SOqX= PSAujRFnIU4MTviJtICFlfGyp8IzbJsm3tUDxNYH6UvZYzL-2BVg9LDzH00s0AAEFuitUOkYlo7= g2LvdhJvszskEtHkI8zXOAd5q7-2FfdOR14g6n" 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.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwAB-2FROm1cWbLUpqT= 0IHuAMLoQ-3D-3DBM-M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2= BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8o= SRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03s= MAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQp-2FepEr-2FOep8GND3dhwyzkUL4Tx-2FMU= MCsnURjv8hTx22mXYvVH6A2NTWsQ2pW1muyMdhS-2BLuZdcpWLgsF52LEvYhLxydmhGjDb190Dp= M4RJ5-2B09GffOhmrGqJ-2Bg8kJt8HxfcQ7DRPKLihlV7aVRm6eXVwUqAcFczsHTS2yzcQmevfi= hFK0EvkPy22ZBLtS5WshxwKDku-2B54dRHcHXXilA-2BydwlAPN5L1rIiZcPI60WwsJ2sIvEeOR= cp3QAFKFfyIgn7nlU0AI8nv7Q2U7wKa5BH" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Monarch Collective</a> made its first European investment, = acquiring a 38% stake in German women's soccer team <b><a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzWRGsZj9n8CUdd4JXfvtwABiJQ1CS5b7QSn4Pu2YakoCg-3D-3Du2PS_P= r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJ= QTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2= BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7U= OYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KK= G-2F1slz1QJhwB0rttQpt919-2BSqp8xKhmjmFoW0QyOMeaGdDwxxhKlifwkQ5HPhwF8Lp92ZoX= eE3dTWINlmxnfalqaQvFaS-2FOFGSkxePn6SHdwKHIu8T7tp6wOnl4k2AfsvpMgaanxR-2F6BpR= uL-2F6uSF6LKBRFtdIaYf3g7Cy8cvC-2FJcZgFhdVqGwtyLOdBaHpk7Yth-2BPwf1OaAozTKJWt= hddXKtZF3smunzeqGfl1hFj6At-2BTs29li-2FXn2Ip6CkEi5TEA9HFhHM-2B2Z-2FSXTtgAJdT= DL3j5h51OzZ1SlX-2F2" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >FC Viktoria Berlin</a></b>.<br><br><a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= XblDcm0RHumM5zXoJIsW4wUV6TvZPyowcfmFAoYFACvg-3D-3Ds2wm_Pr966knuaHmaw6c7pKvB= -2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj= 1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGX= LrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2B= LcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQ= omtIo2kQevRlRsRnyv3J6LPo45vja5YCflY2OoH-2F8K1NdUVhfp77mbFQ0RSlGFkqP31GvUuUy= ntbyHUg7VtABwkzucdc1AhW734h8pchO93q6HhYk-2FB8fH-2FjlTUq5zV7JAc1Xh8p5-2FeWfE= sK894WUwtfmvFqU5gku7fbAAMF-2Fj-2F7Er2sPEr2rtFYNZ8urb7cZQWXHzGCWSHihRnzEQa6Q= QBCx8Z6qS7D9AQuNwU74xEeb-2BLeY1xIxzkoY8p57KZVod4dK32Dpf5ArOdOea-2FkpG" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">SkyKnight Capital</a> in= vested in Kentucky-based waste-management company <b><a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wDxWk270ti2xMLNlYO3kpWw-3D-3Dr9DZ_Pr9= 66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQT= agUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2Bw= cXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOY= zTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-= 2F1slz1QJhwB0rttQqjInqcsgvieWVoyl8NPdvdJPkk1bYELpc2axppahuhF-2FA7o9LeF4ArR6= TmNRV0TaSGi6pB-2BT8rs0nuj-2BROZaTHxvsxYpsXjiNQYdOrckwOX8u31sr41UVIzHaAQN0rz= gYpKTD9RXk63HK04-2FWNXpf-2BVHe5X0VfefDBG81RhhzYOsDwtfVH293bg2w66CWnbNuCLF-2= FkEsMsZDg9CHIrSgtpIm6lAhlNVFcrt4FWHDd1FnFn9upTS7ED2cB7LEKil00xBK-2Bg53CF9p7= Wl5SCB4D8" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Wasteolog= y</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"> </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;"> </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-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wf-2BD2k7jFguu0Joo= QVPTyeQ-3D-3DlY7E_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BS= y2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSR= TC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMA= U7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQoUnLh92OQ3Qxmte-2BVjrOLaAw4TGq2MGN-2B= 8kpV8CV7j1x3zPnRv7LEy-2F09z2-2BbBSC-2F5pvw73RixaR7r3kO0DGbJrWpdHzsHnycv623X= LOGlLBXlfBLGVWI2E6me-2FludVk8aSkD1zGfIM9zbnLA3MKChaHdUITUvFAt78-2Bu5jsqkjNs= BXd1ISBRvihiaSH9ypSSZ-2B-2BaesmkRRZ6qlEF0bzREDvKtkN-2FsTUtd202dYDmaiKY2-2F3= 7xhXkzIGogB95M-2FEeZlzRPtiz419FLDW27NAWD" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">Carbyne</a></b>, a startup developing an emergency no= tification platform, has been acquired by Nasdaq-listed <a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wB1EBuIK22odXtJg-2BKkzPpg-3D-3DBOr= E_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9m= gzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laY= v-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfieP= C7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o= 1KKG-2F1slz1QJhwB0rttQpQElYmLv8W75Plpl8IW51Qx5SCM0AwwR545atq5vOpor9BX7Uc36P= 8Qr7p6c2iNnoihD5swEU7A6zgps54Msgk26XuAzm9jlPm16KqMckZNMaNOnkdE-2Bzv5SjC2FXY= M0Uk-2F1l5LeSqm0lPzLmkRD2Zd4nEij5ZT0r9-2BtBRH1ZoCekYW2SHCyp3rA6UYluQkfqWHqY= 21z7e19DG7wFFf5gaWswgdAbpUkaR0W5TOfml3MzPuMNVf36jwciqDQgRiyUdeEgaIExLinIK4n= r9zAh8" 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-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4w83nfi1gGCjl9HWC3gPYND= Q-3D-3DJ4JC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA= 68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg= 4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwD= dr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NF= QWx9g9ME9o1KKG-2F1slz1QJhwB0rttQq9Mv2VOXk6j7kem-2FpYffluApRqKL6Cw8LN8jA8Jtb= PfYox4EzIBDtvNrbzl6DS-2BjXzdw5COd-2B-2BulChW09VQIt0DxxGhQiBJPFuQ4NjtSKFWGbv= rPf9CfnhrSiv9Dsif2N-2FZgma3srSlqj28s85OcQtVCn-2BhY4ask9ZpYAh9p6Fp4VFDiNmkfn= J2r7CNpL7j06In-2F6rS6bVlqUaH-2FzWkNgTXdPyNdN4ZHtzZMR6iUPsPWG-2Bcs7ch5i9r-2F= nPBiHTWeBj2WnmQSd-2FdZaiNmXOaIge" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">Pinkfong</a></b>, which is backed by investors including <a h= ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wHbHz-2FK65arY9eCLs= CizZyg-3D-3DY_y4_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV= f8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy= 2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRT= C3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU= 7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQon-2Bi6EmmTZH22MJeez84bVLXGlAb-2BpoTcs= cZs-2BoeDsKexoc3bLqxWgIExZ-2BAH0n2uUJCbzsW41lZUd2BreiSWiZzJMboUwbr71ByxzowH= ygCAx0oQj1cyKD3KuqUOkawcmGb9sM2RmhZKyRK0dph-2Fkkm3eSnGQXPZpeFvzSVe-2FWlEhUE= kexhFyZI-2BjHfxQYWGwZ7K-2BuySNKhMEE7-2BYn8ElyjnIF36GxO6-2FU-2BeE8lXey9j5WBW= 6oTMMqcnOLZG5peKYeBMIHA-2FhnV6HhBMwrI65" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">SJG Partners</a> and <a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzXblDcm0RHumM5zXoJIsW4w6qSmvRZfT-2FwC-2BUmO6Ou3gA-3D-3DWIGq_Pr966knuaH= maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrEr= OHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso= 6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16K= bi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1= QJhwB0rttQoh4hPONVdhxXIGGf8LyiI1gI0xSba2pXJDqbE39hPU-2B7tihH-2FRRSJaDmkv62-= 2BcotGTJQT1rTnWs5yf6n6PzDOpjRITCnmthCRR6z4z4uhqJxR2moVFZBWlsnyItcYCdd-2Fb8J= edRtb4-2BawVKIQKAiudBZti-2F9kAMp7tH-2BoRimcc02jPt4ITW-2FpvIS7zia4fUqLdqvH01= fPEkPi4Cd9OmgE49h8zYacq5MNuOGbzBMf5wEukTpJ7SimoVNFmJDYmi34UKxUsQIIH1sVKIbM8= doOC" style=3D"color: #1D5080;" test=3D"" universal=3D"true">GN Tech Ventur= e Capital</a>, raised 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"> </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;"> </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= mM5zXoJIsW4wJyEw3Nkmeql585OHJPWeeA-3D-3DHbY2_Pr966knuaHmaw6c7pKvB-2BCEiDnj5= UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRi= y9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M= 9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAH= cIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQqvqCq-2BMX= M6O0x0EHOM0RxJyiNuaetK3QvwkhMC9-2FyNIIJ4p1wsk62OE9OF1q0cQp5EBMktTV27TlqoPUT= qBq01q8zbIY0FF8SzjbOJdxe-2FtJa7OV9twOfLA6Be9FFFhuPZuDnePRAlWutJJNR4yXY8z-2F= 2cPyLFagYGh2PIvAI-2BiEVcY9vouuPzvoq394DUcggz-2FfuSLQAO1JrNtEMQpl-2FBCYpV3Jk= JUAjYHIMEFWqIRhaQ8bsvL3xmKLECKyfhr7EUcqJpEoj-2BTm70QQ8G-2FTQB" universal=3D= "true">Aspirity Partners</a></b> closed its inaugural fund on =E2=82=AC875 = million. <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-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4w8NpANv8Fc= XoNY2LQEY2FOw-3D-3DDJ-n_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJL= FC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BB= lS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZT= F03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpUtpmPO0h-2BSWxULKiriM2weix4n0-= 2Ff3VvDNwnTf9UQYZgPXmA8ZLOd4gRDB90-2BgeQSapHvR38aBgnZu-2FoXoIEHQl-2FriHhpm8= agNyOSORkovhqYDDCRqOt2Kv0UCTGx8YTJuhUuNmeX5A3mdZUssvsYOlFl5vkWT-2BaQX7B5soN= 6nhWBA4MSEDo9ZJlTGE1loMVrLl-2B6SoU935fVowUD-2BsFC5jow-2Bc8ha-2FwrsFSYwZF7Wf= -2F8yeOO3kiCbWnLzIIgbvVQx4UB56y8-2FtmYmeXS15zr" universal=3D"true">LLH Capi= tal</a></b> seeks to raise a $200 million fund to back AI-focused companies= in Africa, Bloomberg 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-2BaqM7ONnvsnswouzXblDcm0RHumM5zXoJIsW4wy= af3g5ZE-2FCq0fEkTpGqgmQ-3D-3DetWD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxR= q-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gW= Elb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLw= wHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQq7Ce54n9Q4q24g2R7LfKL= fVet1hsIsLedHRT1GxngNTaiGE57GDMKChmQ0j8ADaj5-2FXAS9j72bgyxrkjSpSHWIAnLxH1FO= 19rnwsS6MQ3fYvbLJP1tA7cmk9Rkr-2BHllsN4C5cY2Tfj53NVQ9dUezlaj1WSZzDB2QTqXfJAS= QJemhMTjh-2FQdqlF4-2B-2B-2B6LebVVO6B3B-2BVdCe5UqigojdBt2Rmw4Nqt790xI-2FeRKp= ZiJTN9SKH6qKIuJHXHkU2vXDRVJ7I28w24q7lFCoTSD3syg1" universal=3D"true">Armila= r</a></b> raised over =E2=82=AC120 million in the first close of its fourth= flagship fund.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </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;"> </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= HTIugQP2iKGK2nIyxqF-2FrsXPVevWxk9yQ-3D-3DyO3C_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRR= iy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7= M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiA= HcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpaz88Qyp-= 2FVJJrsNHbTnwTmE42-2FooKUwg4BQUftqfWR2orX3ecjzJpJ-2BpRN8RBSVj3Fx-2Fvcqx5WUD= KIFw8i7gmRWPjwxQ3lYLri6spHYovJK3SHIIPRGo7nmE7AdA8l-2FfzPhcbH66448ot-2FU9ffJ= mFcWtEV6-2FatqSe-2Bkn-2BCzU5hbS8lSgdcsGH-2BnvU-2BpjxaQy0pp4Cyjwouc6nN3-2FRS= CvLnm1EwY0xs33Ua8yNCa4gcpKrvNYup4MzQzuuHhxKlnESXZUQOpSkG2jtdtW-2BSXHgK" uni= versal=3D"true">Capnor</a> acquired <b><a test style=3D"color: #1D5080;" hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGobiVLBN0hXDxqUNcd3m= Kqw-3D-3DLQOC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rO= fg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3B= wDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0= NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpISpQx58THxnndouRMholtZkRrzWSewLuAdCbt2sp= zTW7aRKhWBOtWP6C0x4he0mxu351AHI7M9ty0E4ObrjVFDIiHI5UEOs87Z2nEHEaspTgDqE2Tud= Ak1xItbKO-2Fx1ea7MV1PcgK3NW1oyvq8-2By1en1zlpgIdhIjwLNPhjKC2tek-2Fo704gB1KtA= 3PwPOaHHgiJHWNxuzUknKaHucYcxmvd7ScyLKdij8nxeCY7sJOS-2Fh-2FUs4QUJmosoenH52CK= eKZoHdF-2BmRKVk3CXMQ2U2Q" universal=3D"true">Calista Direct Investors</a></= b>, a PE/VC 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"> </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;"> </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-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGqcbblXR1u= hwDrJh5jzZgJw-3D-3DYyD6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJL= FC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BB= lS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZT= F03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQqimjZucjZr4urJFT18J0O9IOBvvwT8-= 2F7o5qfQGEVdmNuHPsM-2Bq-2BKMSHZ-2FRrBu8KdxdC8EMz2v9hG6Q119AEWsQBHItTL1C134a= ZW-2ForKBV7tHDGdsoArvsgDj7ipr5waH7SDSo7m2VhBaM-2F-2FJEXDAWIpU7iDvG-2Be8U7-2= Bq95uforJYo58tjUJE04XaFKNWEIvidUmgUQZbHmYmcGfhcVp-2BZoSvMQ-2BRo7Vihh3Ks2kCv= YlyL-2FgnPqx2hcpnBV-2B6iYHl9EM3VcEZHpgkYL9Bx-2FL69" universal=3D"true"> <im= g align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71183.png= " 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></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"> </td> </tr> </tbody> </table></td>=20 <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r= ight" style=3D"padding-left: 20px;"> <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td> <table lang=3D"x-sidebar-block" width=3D"140" cellpadding= =3D"0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"><a target=3D"_blank" hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKG6Nbj2v0b1JbRZV3OjCGwfQ-3= D-3DYYxU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N= VR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af= -2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4= UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx= 9g9ME9o1KKG-2F1slz1QJhwB0rttQoSjDlQqsdrcWOStYOZS7ZB2cuYv-2FxKqFzaLFu4C4Eul-= 2FjXwGRQCCiiTAOEBt60NXfLroZuavmFtUE3D3wi3MzDIj550jlPizS25h55xXlVlzGNIFfA-2B= CGgunb9VhJk-2FftbfObEL0GAkieQyNQH8eSjGERbyfScmhtTtiIQJxT-2BX6A-2BwLq-2B57Mx= ZZtx9vqYaEvJHftEvUT3z6enlmMJ-2Bp-2FUQRrx0Zroxmai5oy63O-2F43y-2BAShhu6Sv5ldL= 8i7kYhlVOOw7xNIFL5-2F2iSzv3xqLB"><img width=3D"160" src=3D"https://img.pitc= hbook.com/ads/ad4354/Churchillnovvba.png" alt=3D"Ads" style=3D"padding: 0px= ; margin: 0px; border: 0px; display: block;"></a></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"><a target=3D"_blank" hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGBbFcREwqt2PWAxDbOjZ1zg-3= D-3Dktrh_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N= VR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af= -2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4= UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx= 9g9ME9o1KKG-2F1slz1QJhwB0rttQp35R1k0QZUJhLAkRFPUlaoDd85PiyElBqQJEhxbWj8zYU7= jQFn5LqZt1u4-2F2cxQb05DR-2BL3oWk2JIDhcI6zPRu5aZ3E0rTHLogpq6knmEgEBdHSo-2FTK= jIumQJxmk5VkyuCCSkb3tK0nBMXYvVfn-2FnHl7JwNZcj9SjuQXZQfyUr7XQ-2BFqAO2NrT6eG-= 2Fq-2BpYmmyyK9QN1t48Ej6KDevs85XSN29pu9MOfZcHmncSMUevOUAyefjdlYJFuLMVp4tJllD= kreJSM14lAPHDozgE90aG"><img width=3D"160" src=3D"https://img.pitchbook.com/= ads/ad4368/LLM_Partnership_Anthropic_NandA_Ads_QA_Prospects_160x420.png" al= t=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display: block;"= ></a></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"><a target=3D"_blank" hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGcoxxUBrwN6A-2BxkuRVNqfPQ= -3D-3Dc5tq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4= af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDd= r4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQ= Wx9g9ME9o1KKG-2F1slz1QJhwB0rttQqZ5tIdyg-2FL-2FSYvgyj2jPgrA77CW-2FJ2M8r8ZG2P= C0sZOcZn0fSWBzaOvBVa-2FownOZ5-2F6WA4QCZRZFYr1M23-2BtsigDen9VO87-2F0HAQpp-2F= AXtCMV8P2qss0oTouuqZV2qOIZdeTqjPhG0xr9R7swMbKYHHF2AfsxK7E6KGoyHBsvPo1J6Q4PV= s6y3Zr6ofhLXmmnQdVFmEf9MZX6bLrBUo-2F-2Bx-2BqhLgBahWmocDRoqpI-2BEU5HiDAn6rFx= gLCcDzhXFvAbmLECE0oJgYHIMSNolgEGs"><img width=3D"160" src=3D"https://img.pi= tchbook.com/ads/ad4377/FW25_Q3venturemonitor_na-assets_160x420_25.10.15_LE.= png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display: = block;"></a></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td> <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad= ding=3D"0" border=3D"0" style=3D"min-width: 100%;"> <tbody> <tr> <td width=3D"460" class=3D"container"> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor= der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;"> <tbody> <tr> <td style=3D"font-family: Roboto, Arial, sans-serif; font-= size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c= enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGu7QpJLtPpFn= fJ6ht4w019w-3D-3DmRIl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC= -2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS= 8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF0= 3sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQpwrOi9TahAlA23dqyTxD8CRJkcFBITnk1= tRpCfwWyXTIEqOyBkVSopewD2d41oDELGA-2B-2FX48MPPyKCBXyJOuANvmLvukkv0Hd-2F20kp= 0QlPvPS0mlKCccyu6e7Ck2emX11hjWDyIXPwGAxvKOI1Z-2B64MZTs0p-2FznpMZpKYQA87tRxt= QXNJ0Ppk-2BHNyxY0rgSGSXBLTb0FolYn0FDB7tb1asFmFkSzN0AzkjhXgqt94H6Cu8OcpvIQnh= BwBfIuoNSj-2FGJLwhjTsBq3efquT3OLzh" target=3D"_blank" style=3D"text-decorat= ion: underline; color: #1D5080">About PitchBook</a> | <a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGfJX5KyvQuK5kb-2BNFhaF4DA-3D-3D5E21_= Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgz= JQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-= 2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7= UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1K= KG-2F1slz1QJhwB0rttQrYmoH6A3UUFuQdiA8cAitYa-2BUO94RYT1l22dLx-2BGU-2BM5YjFv9= Sf1v0ZDMOWBLIzZrZBns-2FBKx1AjIwRbSFQ2ymFvDGkE-2BfPgiLyocuIiI9W-2FvTb0QzrtQN= e6FGbw1AK1JDnWUARh6vih3DX-2F-2BcCJpsqEacBdeis0V-2FKr1Z6JR4Eilzjbuq2qZDYMU5y= ZJ5iBW5inZpdiFkDehF-2FKJb7Lu34ffqImmanZPTRmEDivBW7ooclWzhiwc6YYq4HzLbyWv9G5= jAZiELMsxgkH-2FF4fTe" target=3D"_blank" style=3D"text-decoration: underline= ; color: #1D5080" universal=3D"true">Terms of use</a> | <a href=3D"https://= url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2= BaqM7ONnvsnswouzXVoKwFGUy7dHTIugQP2iKGe0BCjqN7pXFEkioI540PhQ-3D-3D_BD6_Pr96= 6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTa= gUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2Bwc= XWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYz= TPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2= F1slz1QJhwB0rttQrmCbT7x6n-2B-2BHDpJEgHU8nNvBV1s-2BXYpiNQN-2B5f2zR4Eg4IFkIf5= pNuQ7PQ6UYkpw53pqa8smWm4BDy-2FupZt1k5fAJI8PSJUfx1nE4zgUm4xjfGDHHLp-2BveNWE6= 1t4qpAv5CcMoIFUSHOLSKPzlQ6bJXfYOKyMPUZVG1-2F7Aze1IItFU1HbIVZ9q-2Fe8hOuJiZWg= 1uASPf-2BC1VUFVjNr-2BXDh1YQgJ6eR2WQBzhMoT8uq7GsvwIvZ4LhVz1SDkv5Pq9Y5jyagceb= 0AXa8QDiKmVlCu" target=3D"_blank" style=3D"text-decoration: underline; colo= r: #1D5080">Advertise with us</a> | <a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= XVoKwFGUy7dHTIugQP2iKGsEnMiE9Y1jiZkihQrBOWvg-3D-3DUoca_Pr966knuaHmaw6c7pKvB= -2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj= 1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGX= LrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2B= LcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQ= pTF-2FfIPmyb9gi6ThZmN3URGPf7tbrybDCjRCp-2BMXmYNzK-2Fu6PlOzBlKVPHJos-2FbGw1A= 4E24X-2FcOwh6eqSEcKtWLWyXL-2Fursn3mnq9-2BF6DFqw9WPry32-2FDp1yvde49UaNV68IuR= LE1ZMhlz6fR7NTig-2Bqqy-2BLJdRLmMWnLozwZf5qtJasKlhMNZUkQTxAx1y7LSWmJptXI5Ej6= X1DMQLfrVgZBcZQXZnS-2Fu3mPegXRD-2BZSZ6KFMbIqU-2BOBmkI4A2Nli4OYwow1APhWI98fb= TYYo" target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080= " universal=3D"true">Contact</a> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"= border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"padding: 15px 0 0;" align=3D"center"> <table cellspacing=3D"0" cellpadding=3D"0" border=3D"= 0"> <tbody> <tr> <td style=3D"padding-right: 10px; font-size: 10px;= ">Follow us:</td> <td style=3D"padding-right: 10px"><a href=3D"https= ://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzUwSDIaGEIfFaXDX763dqECnaSTZKx4ip-2BfiW0wvB1S6Q-3D-3DGsSJ= _Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mg= zJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv= -2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC= 7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1= KKG-2F1slz1QJhwB0rttQqro7eHoQTpGf6ILhG4kw9MAstZjoBWijVj0Uh6xEQKmxa2nkEbcF9g= 5jf9lgakww9y19GeI3ymbINwAITgl-2FDa8csFmSdFBnVQrOLSM-2FWIFAoGWO7MHi5Zn8COZbW= T0djGDlcrZ-2BqLX1arP7dUjQTKc66xi-2BqkQHjMTc2yR9f8j9NC5a7dLqgQF8CERckrM7jL5m= PC76BewbYXC9TYNC4l3ndBffzXjyMyjV1TGkwr7JKHrezVssnph1APQz0liKu0jrpg-2BTpAtrR= 4llU-2FcsZy" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D= "https://fonts.pitchbook.com/newsletter/linkedin.png" width=3D"25" height= =3D"25" alt=3D"in" style=3D"border: none; padding: 0 0 1px; vertical-align:= middle;"> </a></td> <td style=3D"padding-right: 10px"><a href=3D"https= ://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzUwSDIaGEIfFaXDX763dqECZqPM1-2FInoGtHvP9XPjdg9w-3D-3D0xLs= _Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mg= zJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv= -2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC= 7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1= KKG-2F1slz1QJhwB0rttQqH3g2lTl75eLrX5oCDaweZ2SRTNdl0WWecxzAjjriBzpJTlrxo1TYP= ykr-2B7-2F04Gmi73Zmpmo36pmHsyZmeC2-2FPwyfvOoFwFRFhNn-2FVXNE9K2C0-2F4Tg91dpb= mMRlo41hXXAq-2BUykcpSJI7qhtUgeMWxH7CdW8qytOzY0zou3v53NwhgMKvr-2Bwxg69daSpjI= BydsKGeIO-2Fxalv50eg6YlOdp-2BxU-2BQc-2BOBcx-2FfaG8sVkEnNiBhVAUaWBeq2jRfibHI= -2B2HH3yWJ7N0LWEog2qJjYvC" target=3D"_blank" style=3D"text-decoration: none= "> <img src=3D"https://fonts.pitchbook.com/newsletter/twitter.png" width=3D= "25" height=3D"25" alt=3D"twtr" style=3D"border: none; padding: 0 0 1px; ve= rtical-align: middle;"> </a></td> <td><a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUwSDIaGEIfF= aXDX763dqECuTYYxSspffEkyz64JTfZLg-3D-3DDAT-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy= 9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9= f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHc= IPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQps19JcO3Xwx= ptvO-2BYiKpwJj7KmEojYhyCUEEmyapCNxbZD-2BqmU5brDF9k0758nUOJYp7Yjx5F-2BA8O-2F= CzBYzcf34i9ERXnJUQ-2FiSUbNMRdMdae2sd7uX5GD-2B4dVIXnHVpc6vHAqfFSpmS8FRPO0FiN= KOt0tE3sSMC4aL8VG1g2gH700ObJXVRbpwgg6Mn01A8ogBeiY-2BWvXdBxPRFsq6l7xpdUD0vb4= VaQR8lVw0XxWLbcdzxuzYOZfjPFKNDyISLZAUQVwfMwtjWNqddmK-2F7M0" target=3D"_blan= k" style=3D"text-decoration: none"> <img src=3D"https://fonts.pitchbook.com= /newsletter/facebook.png" width=3D"25" height=3D"25" alt=3D"fb" style=3D"bo= rder: none; padding: 0 0 1px; vertical-align: middle;"> </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <p>This email was sent to <a rel=3D"nofollow" style=3D"te= xt-decoration: underline; color: #1D5080">vetyl@ponjosonek.com</a> via the = PitchBook Platform.</p> <p style=3D"margin-top: 14px">Click <a href=3D"https://ur= l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx= 1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTf= dSBLrG5odLYHQXzZYap3xyjo613CQL5EKIRNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-= 3DPKLf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR= 4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2= F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4Ud= YfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g= 9ME9o1KKG-2F1slz1QJhwB0rttQqm5nN59gbwH51mxn7ncyvpFOiiTUs8ObebIrR-2F8ce4B8Dv= 3mDukBaaAvEEs76Vtcptu53eI0MGvpKUwGrdp3G00f28I-2B24YKG7iC1ix-2FFJSqO5Ck8532U= xMNrYUZzoKXWaQ-2BDKs7Sj2KRDgn5ePeaokXCS0fFTak-2FHge0oYeBb-2BZXoBIsvgc-2BQyi= q-2BZQ0YJ7Mm-2FEQmJR9q2rY7E-2FcQvyHn6kkbSn1J1q5FCbe6NC30E2HxEl7jhEitt6XNsN0= 4DqT6FwDAm8szcgFfbuZWrxp2" target=3D"_blank" style=3D"font-family: Roboto, = Arial, sans-serif; font-size: 10px; text-decoration: underline; color: #1D5= 080; -webkit-text-size-adjust: none;">here</a> to manage your subscriptions= , or if you no longer wish to receive these emails, you can <a href=3D"http= s://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrVRv= nzbxJbWwDftsHe-2FnJ3PNCbp5fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsIf-2BQHY-2F6l9V= c44O6YYP5nyZstiuA0hPHiOTJvTphTwYVVcDj-2FgzVFL55dZKzjozFN3yY7gCEJIYIrzSMor6W= WroWX0bXV0YUZSSv0rx-2BGIUB1ul-2F6MWpLr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL= 0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9mgzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOL= PwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laYv-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXG= WN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfiePC7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY= 2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o1KKG-2F1slz1QJhwB0rttQrKbyoxWBT3c-2BgG= 8NzbzpvJFhsNCwP8AY2cxdt4iL9NCSLQWnkHdrbnkKTbX8Q6OBQ983P5ttSNu7jslhtM1bR5dqq= DyJdL9eZZQsuag7JDyTIBexoR7W1xiFBLz4hO7aB8K-2B9VSzm-2B-2BaLCdcn6mihikaZyqeh-= 2Fkenrt1GM2ZUBrBTfaiIWKpgx0YauaHcFjpbfffz6jua5frIiwCXCy8J7Yy18IQnjiGUgvlg-2= B7sBRviDA-2Fv09q7pdy5qrSb9IZeIt3-2B3euJvy-2Fzk0tOGyHUq6" target=3D"_blank" = style=3D"font-family: Roboto, Arial, sans-serif; font-size: 10px; text-deco= ration: underline; color: #1D5080; -webkit-text-size-adjust: none;">unsubsc= ribe.</a></p> <p style=3D"margin-top: 14px">PitchBook Data Inc., 901 Fi= fth Avenue, Suite 1200, Seattle WA 98164, United States</p> <p style=3D"margin-top: 14px">=C2=A9 2025 PitchBook. Win = what's next. All rights reserved.<img width=3D'1' height=3D'1' opacity: 0; = style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitchbo= ok.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAECQE7XY= 5D5PSLQI&emailId=3D3DPRS4WYLK3UJHK&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG= 625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DPED7RLFD4GN3BVMRTF= QEHYZOOJCKA34MS5JA35Y.gif'/><br></p></td> </tr> </tbody> </table></td> <td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">= </td> </tr> </tbody> </table></td> </tr>=20 </tbody> </table><!--[if (gte mso 9)|(IE)]> </td> </tr> </table> <![endif]--></td> </tr> </tbody> </table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0p1Ss= d_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR4FE9m= gzJQTagUzrErOHUkZcQaPj1-2BBhzRRiy9nZOLPwkxRq-2B7oVAJLFC-2BSy2rOfg4af-2F4laY= v-2BwcXWNVso6q1K6f9HGXLrDv-2FC7M9f6ZXGWN5gWElb3Oo-2BBlS8oSRTC3BwDdr4UdYfieP= C7UOYzTPC16Kbi5y7nd-2BLcvpfiWiAHcIPujY2oLLwwHUiepbdZTF03sMAU7f0NFQWx9g9ME9o= 1KKG-2F1slz1QJhwB0rttQo73Il013mk6XevkqFG1hexI6Ybd76MT7-2BJ0l5DKYCBxX8rLnhj1= j1wIXlO9Ic07TJeN5VvB0qkuIMn-2BkhgcrncSHEia-2B792tEoT8E0lNnQqDnryhmC9USFk4kO= 6FUxtfbQCYIv4bSdoXbjZS4vlqByoHaI3cDU0KRb2dJrMEODNiZFOKlEGswguSxpsLQFEITnm6S= Ffjj5FhyB9hTEc5viLk9-2B-2BkNpzdozoS62xwhyKAb-2FhJSMANuogdYQmHB-2FfDb-2Bw5Hh= w9-2F-2FqEFRCs02CJZH" style=3D"display: none"></a>=20 </body> </html>