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Subject: PE's European power surge
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nking VC's busiest players </span></td>
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svxD6KVCT2gVzJv-2BStBT0Pon-2B602WURYbON7iwwhyF6-2FAJhGCvEN2SOHUsy-2BuBYHoks=
HWktJWB8h4DDBpA0ugnpwyh4MlFlqAbxxy6bphDxyJKfj-2FYMkRj11c7yBOyYOX0W883jN-2FQ=
HS-2F-2BzpRA3DEWmh-2BbMVRao2OIdDT6SbTPHZpuYgkDOzc-2FhgKSzwxnhNI2mjMpJ153Nh7=
UBjpotD-2FPPYtg9s0CIRgbKKjebBeHuf9FBhJSLAGlPCdDaP1uHG54EuSWkoT5Atvup1So8F6T=
lVMYru92nc-3D" universal=3D"true"><b>a funding surge in carbon tech</b></a>=
.</td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574598" id=3D"n_574598" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> AI power demand fuels PE deals=
 in European energy </span></td>
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Andrea Gaini, Private Equity Reporter</i><br><br>
                               As GPs seek to capitalize on surging electri=
city demand driven by AI and data centers, PE investment in Europe's energy=
 sector could yet set a record this year.<br><br>
                               According to PitchBook data, as of Nov. 10, =
the sector has recorded =E2=82=AC38.6 billion (about $44.7 billion) in inve=
stments across 245 deals. Deal value is already above 2023 levels and, if a=
ctivity continues at the same pace, total investment is expected to surpass=
 last year's =E2=82=AC42 billion, marking the strongest year for energy inv=
estment in the past five.<br><br>
                               One factor driving investment has been the r=
apid expansion of data centers, which has transformed energy demand across =
the continent.<br><br>
                               According to Goldman Sachs research, Europea=
n data center power demand is forecast to increase European electricity use=
 by 10% to 15% over the next 10 to 15 years, with new data center capacity =
potentially reaching around 100 gigawatts by 2030-35.</td>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4W9bEg=
wEUYCsmaWPzSc4eoQ-3D-3Dwcve_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBc=
LFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v=
-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjP=
yMrpaJu-2FZpXsvxD6KVCT2lRVlz8zYus3UqtCaEvmyFYXgCaZhFiN6SCElFxug9PgkgVYrTZDt=
s-2FBUMIJQ66KmITvRcJbrN-2BtHdGbCs4E-2BELPyoZYxoSVUGdK0TgytWO7kjFooZyVStqpJD=
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nUwVUk79b2r3P-2B4QddRsMy9U57MZE2j3koGgfEsVYUOx-2BpbmdsKx21PEbtEgxRT2PYBVrRF=
nMhsauKM15am8fc7wYk-3D" universal=3D"true"> <img align=3D"middle" alt=3D"" =
src=3D"https://img.pitchbook.com/news/71325.png" style=3D"border: none; max=
-width: 420px;">  </a></td>
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                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">PE cap=
ital flows into the sector are also supported by easing monetary policy acr=
oss Europe, with both the European Central Bank and the Bank of England cut=
ting interest rates this year. With inflation broadly in line with expectat=
ions, increased economic stability has boosted dealmaker confidence and low=
ered financing costs for large-scale projects.<br><br>
                               On the other hand, deal count has decreased =
significantly compared to previous years, reflecting a broader trend in Eur=
opean PE toward fewer but larger transactions.<br><br>
                               Foreign capital also plays a significant rol=
e. PitchBook data shows that =E2=82=AC33.9 billion worth of deals involved =
foreign participation. This already exceeds 2024 levels and is on track to =
easily surpass 2021 and 2022, making 2025 the strongest year for foreign ca=
pital investment in European energy to date.</td>
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ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>A message from Moss Adams</span></td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574406" id=3D"n_574406" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Investors balance patience and=
 pricing as private markets steady </span></td>
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 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
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ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"right">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"float: none;
 padding-left: 15px; ">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"text-align: righ=
t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4-2BpimZHUPJ=
i-2FkpdbTeAQtKg-3D-3D5A0C_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLF=
FROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2=
FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyM=
rpaJu-2FZpXsvxD6KVCT2oAEBjP1O1k9-2FYYvLzmoL6kq1yoMS-2FSNDxBoQvUiTKPQ-2Bcb7P=
RcpTMBz9Z41yrwrgFvZ3gs-2FeUQFqIor7drLfiflm3Ppgea5p2y-2Fp-2B5OdW-2BJNfGY6FwV=
RHBkptZI75oqufshK917w4bHxHMCvQdp-2B-2BlOhT6M7wPBRULdXLIJgoxypRwvsbEpWTE8-2B=
ttJIM4uWHfr6ZY8n1-2Ffj2Pa5eWVX0-2F-2B0eTQGU8t4jJRIzOdIvUwQvmaV9mAjajdwlM-2B=
57DvzN3Pl2t5lAZ5qAfNtOiUSZM-3D"> <img align=3D"center" alt=3D"" src=3D"http=
s://img.pitchbook.com/news/71291.jpg" style=3D"border: none; max-width: 420=
px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>Moss Adams=E2=80=99 latest report tra=
cks how investors are navigating a private market marked by valuation disci=
pline, selective exits, and rising insider participation. With over 90% of =
venture rounds pricing higher than prior financings and PE firms holding mo=
re portfolio companies than ever, 2025 has become a test of patience and po=
sitioning.<br><br>
                               Key insights include:=20
                              <ul>
                              <li>The share of down rounds has dropped from=
 15.3% in 2024 to 6.4% YTD.</li>
                              <li>Late-stage venture accounts for more than=
 75% of recent down rounds.</li>
                              <li>Insider-led VC deals have reached a decad=
e high of 9.1% of all financings.</li>
                              <li>PE holdings hit a record 12,552 companies=
, with longer ownership compressing returns.</li>
                              <li>SaaS and AI &amp; ML drive nearly half of=
 2025 exit value, while life sciences trails prior-year totals.</li>
                              </ul><a href=3D"https://url6380.news.pitchboo=
k.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-=
2B-2FPR5VhvRwyvGJHfV4-2BpimZHUPJi-2FkpdbTeAQtKg-3D-3DAJ3L_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD=
8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7=
gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yL=
AQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2li7TQk4oULZnbWQZaHTos4=
UvgAHPUxxJTjb-2FoFyd4S7Z0LFlJVSgzLgKlVZAloaJC8Abstbws5H912sAUBaDQzOocVfI2sp=
29lpDukZJJcPcRv3R21uXBs2r3wm43UnBLqmx0aZgkg-2FFAK5pWpEPRloT1bC3GXKPrBe50nDX=
2f-2BPp7Qs9U4L-2FzxP6NXifpCaHi8ttL6UMXUKaVMhPyfk2Znpn97QZIDNR28yetM63xMjGcZ=
GgYoppV-2BnCgKLxcuU0HyRVHKerKa-2FAz8LjGJKJc-3D" style=3D"color: #1D5080;" t=
est=3D"">Read it now</a></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>VC funding for the carbon tech market hit $3.5 billion in Q3</b>=E2=
=80=94jumping 40% quarter-over-quarter amid a wave of mega-deals. <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4df-2BTIVSjYhU92MZ=
FfXkNCA-3D-3DtpRa_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haq=
yRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dV=
f0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2F=
ZpXsvxD6KVCT2vHcIotvD59cD07cP-2BIro-2BHvbtdesut6j5PaUvwGVDOX-2FNvm7seo6Z4pF=
FENkcXcmsCW6RcI7raGwGfLUh3eAvxkAYSnzSy3fxw0bduR-2BRoPtBks3ziKbUbkoIub0kEt9n=
fUyg8aVw9aWZ25HDb6-2FZroagHx1zvXjb3kMOcvW3mKo3DphmbEtwhmFnFsOXsHCBmWAzu7qrc=
vxH8clTTB-2BPm0TIR-2FbkX7FmcoRgfRAuL27Dmx7Xg-2BD0qZxhECapRomBt1EwRY-2Fi3b9D=
D7t6mZIZw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>See=
 what else our analysts discovered</b></a><br><br>
                               =E2=80=A2 <b>PE dealmaking in the consumer p=
ackaged goods sector</b> is dipping, but premium healthy brands remain resi=
lient. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV48zM=
01sAlVLrpIRueEM3Zhw-3D-3DngYu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmC=
BcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd=
9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2F=
jPyMrpaJu-2FZpXsvxD6KVCT2u7PNOZfteg1VG61UfZxIVmpi3mTpPYRHcxF6zF8tyTOwt4c6lt=
f1qTJWBppru5tD23Vf1e3yvjnUfZB0lJOw4SGOwykvKZz1ySXJZKm-2B-2F2XjtPV00LYR-2BlW=
ZVykhg6qDdoVYefAo-2F0xgs3ZVqEcGOFwLMAASgnvo7vF-2B3SjnGyeCTEzgHXu25G6HLJSPat=
-2BB-2B3hJS8aMuF7Oi5I4U6s1oDj5FNKrfOk0FmyjcCEy6-2BU7IhFkWc-2F883-2FO58m7Pqy=
IvbBgh2wy82D-2FsmndRC0K9E-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true"><b>Find out more</b></a><br><br>
                               =E2=80=A2 <b>The PitchBook-NVCA Venture Moni=
tor</b> now includes league tables for the industry's most active investors=
. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4eBBM4vYw=
89glNNfEJn6fZQ-3D-3DqDZS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFF=
ROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2F=
NjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMr=
paJu-2FZpXsvxD6KVCT2qHeAJFx07BERwHMtH9Q9ynk1EFic2ZAPFwvSSOxSGofg44ec5ALsSHP=
zeksgQwUNfhSsy5Vr-2B-2B4Ylzb5u5a9TNzdShRlzm9V45sz8g7XHcU7ToreuXc-2BMs7WjJvF=
bSop9JppFmdf-2FaDaYow-2FSy8NeqW1W1snTxpqal9munea5GmN9r0VGZI6lLpEfygJ1AJ49Xi=
-2FZf-2FTVhxkm4jRddtYqxgYA8pc-2BXJRUfeqA4lpkkuzmBIvPsa-2BGd8yRp64sklKVBHTn1=
wKkXJm52VpSHEYkM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
><b>See the rankings</b></a></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574604" id=3D"n_574604" 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;"> Clouds begin to clear on priva=
te capital return landscape </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Miles Ostroff, Associate Quantitative Research Analyst</i><br><br>
                               The return environment across most private m=
arket strategies has improved notably since early 2025, according to PitchB=
ook's <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV47=
S1gv-2BGFOAxhDmUNaMkP4w-3D-3DAGBo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZN=
NqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawi=
KPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWC=
a-2FjPyMrpaJu-2FZpXsvxD6KVCT2rbElIftRk-2Fx7OaPy7cXBGDmZZCy9iBYqr2X8k1IJHzR3=
um23PgoL9oCAKV38FMSffjUXEifm3hULm-2BOoT94gniGAgmffH1evD7Q4eMh4t-2Bf5WTB5zke=
UnTaR0SBThf-2BItYp3MPcKnr8yO8NXeg8sJaEVISDKmS0pbYw2gZAhbZopO1nQJptaKEs7lIro=
CnCJf2NTqkD-2BGEpqywTT3egZEKIUUOeWBy9Il2k5GmexjnUot9rmdHI3QvFpm-2BHYvBNDPMK=
invzHQ2kcqhdzhv-2Fcpo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Q3 2025 Private Capital Return Barometers report</a></b>.<br><br>
                               The Barometers bridge the gap created by lag=
ged private fund reporting, using macroeconomic and market indicators to pr=
ovide an early pulse on where real returns are heading next. The latest rea=
dings show a meaningful recovery from the lows preceding the April tariff a=
nnouncements, driven by rallying equity and credit markets, stronger sentim=
ent and looser monetary policy.<br><br>
                               In aggregate, all strategies but one registe=
red higher Barometer scores in September than in March, signaling a more co=
nstructive backdrop for private capital. The readings show that conditions =
across private equity, venture capital, private debt and infrastructure hav=
e strengthened, now sitting within the neutral range that reflects average =
expected returns. The natural resources category was the lone exception, we=
ighed down by softer commodity prices.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV47S1gv=
-2BGFOAxhDmUNaMkP4w-3D-3DCR93_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmC=
BcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd=
9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2F=
jPyMrpaJu-2FZpXsvxD6KVCT2pNIJauFK3ChxoyujLl491pDCmXjL2SLsoXvCXM2pIjWsDbmS22=
Heejmy3VZ5aBbNVp8yaZkBG4ceOaf6vEMxkl2fNzm4OVx2ucou6-2FTdINXoA7CWC4OTRLmJlRi=
Lk70Ktw6NVsGzNCKF5kZCjxiQzHYEKN5VjhpXuAJqPdsQtFF-2Fe3mBkqTQRHEMxD-2FJNXy-2F=
kDkvqHPhcoTNrz573ZmQ-2FrefFCnZGZXJ-2BBDPhAobGntHXhqcpJqiizl-2FJwcSsOqzOWj12=
BUEm87f39shstT8ug-3D" universal=3D"true"> <img align=3D"center" alt=3D"" sr=
c=3D"https://img.pitchbook.com/news/71326.png" style=3D"border: none; max-w=
idth: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><br>
                               While scores remain within the neutral range=
, the upward shift underscores a stabilization in market fundamentals.<br><=
br>
                               "Across asset classes, improving equity perf=
ormance and moderating volatility have supported stronger Barometer reading=
s," said Nathan Schwartz, senior quantitative research analyst at PitchBook=
. "In general, the prevailing economic and market environment is supportive=
 of returns across private fund strategies."<br><br>
                               Taken together, the latest results suggest p=
rivate markets are entering a steadier phase. Return expectations for Q3 20=
25 remain near long-term averages, but the upward drift from March signals =
that the worst of the April tariffs' impacts may be over.<br><br>
                               To explore the underlying factors driving th=
ese readings, allocators can view the full Q3 2025 Private Capital Return B=
arometers report.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
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3D-3DIsCc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
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dle; margin-left: 8px;" width=3D"24"> </a></td>
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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                                                         border-bottom: 1px=
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5V=
hvRwyvGJHfV4IrqQiBZbp9uFZNXYQ97-2Fjw-3D-3D5qxn_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ=
4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr=
1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSE=
eMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2rK1kiAZU00wi2ayYjvMhY9KhllIYS0r-2=
BxFM8MP1hOlJ-2BrQEhCSZoHLUftrit-2FU7UeqXqcffd-2BmWFef7ZnFOIeE4-2BLQVm6keAll=
ScscKnZo0yd4BFTXdBe8pEZr0HudfpKX1lS6lEBAHhOWEJ4d3nBc0PQZ-2BDyj6m-2BKml02D1Y=
fB0HT872zKivKBFUt8MN6-2FbXbnzbvZyWOXJYG055vLhaS91OfZd84AvkB9ItcoDe8y2sDRWkQ=
zvghNQPED1THqCDS8sd4-2BjYDkbzouoVVkYg8-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Q2 2025 PitchBook Private Capital Indexes</a></b><=
/td>
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                              </tbody>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                   </tbody>
                  </table></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                <tr>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
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                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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                   </tbody>
                  </table></td>
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                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>The US and China are in an AI c=
old war.</b> The AI landscape has shifted dramatically in the last year or =
so from US dominance to a race between two global superpowers. [<a href=3D"=
https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWnNF-2B-2FPR5VhvRwyvGJHfV4chUeA32nqoYQMmhO7kGJDQ-3D=
-3D1IkC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88Te=
rSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVd=
QRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KV=
CT2rGoI0JlcmSuEN9xnIlPtoMTOdWhA4jjhjFZ7QJ09BRkGTbkPkZa7LS5QYFodjGjMQF5FmWlv=
Pnle9c3iLo60-2FQuxmvKBXrsQBWUmeehcBwzfdHs-2F1c81oxLhKMLVJ5xDObATguDotenwI66=
AThix4XVfEXgzwgpM3q59ZwJ1eCgPvSO0nrcq-2F7GmAdzg5GfUrtN1k45dpl9SyDafsSG2CZmb=
Ok4dtey0VyiGkmr8gqF29eKyIbjn0KbvQ4VAzbrttOHiuXL72BLnOpzMf9rDs0-3D" style=3D=
"color: #1D5080;" test=3D"">The Wall Street Journal</a>]<br><br>
                               =E2=80=A2 <b>How will tariffs impact this ye=
ar's Black Friday?</b> Retailers will likely offer fewer discounts on produ=
cts due to increased cost of goods to retailers. [<a href=3D"https://url638=
0.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzXatdR8adOgAefraQCaifcTTCgNGU8RkcgvgI8bLlTNPw-3D-3DzHE1_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNt=
SrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-=
2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM=
3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2gv96R4VgJjI1-2F=
KP7t5ObQfOwPfrg1uvUSH1s-2FnWrmhTnSLipqNNhRY2Wt3trfrK-2BHwMu0I1f0iZC7l-2FLOP=
ve6BaPCH7J0vPB9aUgt3KRXD2wG2qk-2BMna613IN75ib8PUF7eG01pnJTEzDQLk8dxdJFZJKT4=
703O3qXAZ8Cll4tXQjUOYViW4dJvicBkPMmeI938wT-2FkxLEz4Awzt-2BxvZWjS89HkESLYBh-=
2BORRD-2Fg5DaydDwi0vj6VSrZ4DKtIxNEaHcNv8cJxynMV7rYWyfY3c-3D" style=3D"color=
: #1D5080;" test=3D"">Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>The government shutdown could e=
nd this week, but your flight might still be delayed.</b> Airports won't be=
 able to bounce back immediately when the government opens back up. [<a hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXatdR8adOgAefraQCaifcTAfw7DSHYroNNqHBD51WcIw-3=
D-3DCojN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz=
sFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88T=
erSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOV=
dQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6K=
VCT2sO6ALULvfn-2F1ccfQm-2FmGPbraapyCJmOhRLbXOiWuQxmNk5vkWBz07F9mrSi69lse4w-=
2Fy8eU2cMHp9LUdGY4mH5-2B-2ByHeHgLUteZiKy1Wak5K0EktWiY523yjS0w-2B-2Bt3onuDDb=
FBiWaXiKMRNAHAhU8T7powk-2BkF7wg5zeci-2FrQm2JhpMXqf3dJxNb-2B-2BvEFDZ-2FsTkPP=
5FzoKrkO6ROtnP5RXIk1agrXiJqeWq7tKAkYlvkqVPXCn3jiZB8-2F6xFacRsb-2BArDA3fFFnk=
yOIvy3jbvw-3D" style=3D"color: #1D5080;" test=3D"">Fortune</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
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                   </tbody>
                  </table></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
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"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
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                    <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;">
                              832
                              </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;">
                              2321
                              </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;">
                              858
                              </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;">
                              21
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Funds
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding: 0 133px=
 13.3px 133px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzXmw-2F8hfzjstzkv7bVfoW3PeCZooaRCHJn8-2B-2BZ-2B0qkATg-=
3D-3De7dV_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88=
TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQO=
VdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6=
KVCT2iVHiEgLDRZq0CD5b3TIxPrcndZYs6Ei-2B4mcXvFgXtLpf3odkO2IWFHnya0rrUmzCf8op=
1YNYJwd1PCXTBR4AzWlGL1GuqFOsqRxyMYGEPnsPM46zgpXGuo40mStfCXZ-2F-2FX3LVWaMKJn=
1SyASOGmgCoF6qAGPs-2Bv9O-2Bgu5cVdKRNTIFmK1Q04-2FyEIAty6gKV8iv430pFin85O4WI-=
2BP3KtDkp2T4t-2B6Yqi8QuUZxa7bECRsE7yH8M8SByHQ3nWR50t7G2n8CDKFSqSUKHWctYeMk-=
3D" target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;"> Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574601" id=3D"n_574601" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
                            <tr>
                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2018 Vint=
age Global PE Funds </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
                           <tbody>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 20px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 69.4090909090909%; min=
-width: 69.4090909090909%; max-width: 69.4090909090909%; background-color: =
#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">15.27%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">22.00%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout=
: fixed;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td align=3D"center" valign=3D"middle">
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27=
px; padding-top: 5px; padding-bottom: 5px; float: none;">
                              0.56x
                              </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=
swouzXatdR8adOgAefraQCaifcTq-2BeHpkOvJgaQI712oM71ew-3D-3DZqA1_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrk=
TOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2Bi=
yMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3px=
U4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2vgmESglOUNUpgptJ7P=
efm24hkCLj6IEoHYSZtPhtjQtjSWDzTyf9MFSAdYjMrKwRi3-2FRmQXy2LHg2ADfCEO-2FygsHZ=
6LZCSKxu0Xzq2NSOuKQ5eeTqZmkgeDDCN8RKmzQCOpySJyDdZGddKXXVEHJ1cLxIodBJ1mx5C-2=
FF9i4FlXHPnrDaoucjWvh1I-2FonmYT99yIgSUXElmR5K7Ltd-2B0cWybC00XQMZJoC6Ruii1Tg=
3X2Sm0MAx26F7-2BrVUUqH-2BJ69Zi6wRlS640ezvc9U6zWHc-3D" style=3D"font-size: 1=
4px; line-height: 24px; color: #1D5080;" universal=3D"true">SSC Partners I =
</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=
swouzXatdR8adOgAefraQCaifcTrmtTddo21cnr3xAdM7xvdQ-3D-3Dpc3I_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTO=
QD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyM=
m7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4=
yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2gQsCUV2EGyOrKHO6Q8l7=
1YvVB2rHIZBLNWutzyHRs-2B-2BIBiWVDp6gkh2f9QkbQQtC7WFe1aOxtSTuzxqHtOFX-2Bcve3=
WYKMQXuCc6NkgMo64gEWdkwO7xDDo2qNvQOaClBmYVCxZD4ljuLcwQ5fG3KH20wA2N0t-2Fy9ef=
j-2BaRFWOrlT-2BR62Ae87kbjVS-2B1SLHv0n0SpUwvVN3snbqTnOobrLDgU0Vnp4-2FzN6A1z8=
pBHR0sEIWcw4q-2BVLeIf58D-2FDPxF3viafRvEVrI5OE6Nc1XaJQ-3D" style=3D"font-siz=
e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Frontenac X=
I Private Capital </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=
swouzXatdR8adOgAefraQCaifcTUAY1qZJooSNDEO-2FNXaAgNw-3D-3DQFKl_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrk=
TOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2Bi=
yMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3px=
U4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2tj297Mu8tDfyPGx3-2=
FXFeZ4rscFqufaS-2BMSg52f5gekYIDKjj0V2hETsIW0ZaE4IMTa8pHpx22enBBpAQkpLKATSLT=
fREf8qoJo1QuRoBegscdI8S8DtQhWTwp6uVMwIb3svbzzFj6ui3Ce-2BYn20UlTf7ghpo-2FgFm=
RVqkaz2chCYsmJBeY3z4m4joLi4HPxsenkX9sA6cmwqTccUgHiZOV5ejV08y-2FdPN-2Fv-2BqL=
-2FjHDRvY-2Bgp739KQGzv-2F17ms-2FZBKxKFIJ-2BoZJmlkn-2Bcl6N6-2Bxw-3D" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>Polaris Growth Fund I </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 14px; color: #78766F; =
padding: 25px 0 5px 5px;
 font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td>
                            </tr>
                            <tr>
                             <td style=3D"color: #1D5080; padding: 25px 0 2=
0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXatdR8adOgAefraQCaifcTVJ0OaO=
FZ-2FyifXN8rmfZUiQ-3D-3DcwhI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCB=
cLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9=
v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2Fj=
PyMrpaJu-2FZpXsvxD6KVCT2sMeHrvv-2FFuq5KIrU40P1GObIlYdMxKfYFQV-2BcZ58xkgBvKo=
zE0iUoI-2BuBsUQFfOpyO7I7UfH6tvh8-2FXgSbuYA-2FCaxtUuv99fPSQNuMjPVxVyPwG-2BCS=
eFLaj-2BjpXZBl5ViC5F29RympCl6E-2Fae83tS6-2FqQIb4-2FSmtsf2BUIhW69-2F0ZdxSVKF=
b7062YxL2T-2BQnhzq0qOzulxblnSrFjkB-2BSbXPrIoBGgwkAXw60GgXglTh8aODlEeC-2B1kt=
Ke9vYxZCjSErfj4TUAXE6xv-2FByoZhk-3D" style=3D"font-family: Roboto, Arial, s=
ans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-height: =
24px;" universal=3D"true">166 Funds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXatdR8a=
dOgAefraQCaifcTvZvxZTlAixFPgrWoW-2F3v3Q-3D-3DIXRp_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6I=
rZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIv=
SHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0=
GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2s9ugD1svQHyxppSg5VqOsUu0o44C-2=
FjXbVp3foJ5BI1jF6RyaXaK0XMka7dv8d7miSi03cH-2BtkYloCuhsp309nOgFnWCgM7rWL50sy=
3m3PL71iLo1hQ7Qgx39nxsuo4zjTW-2F05XgfLwm-2Ffu-2F76pFZHUmTUBxZHmCj65we0ByGY7=
OqS05aTBxcgWdgDoC2RNMt99pMPqzKoTPw-2BxrhRP8OfmA454JxAySc49-2B-2Fei6-2Fygmxu=
XULPk-2F0RgS8jZDm1NPBiwM-2FsGQReMCLgTYRq6nlYg-3D" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">PitchBook Benchmarks</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>People</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXatdR8adOgAefraQCaifcTEKxr6TfZiHm8Uvvl-=
2BvDCBg-3D-3DFqtu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haq=
yRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dV=
f0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2F=
ZpXsvxD6KVCT2qB3CNjgMudGtXXp8hQU9cQo9h9Y-2BZ43eRxv-2FZuNOo6geW-2BChpmkNhUTE=
wbrEgelJyUD0MQ8lfaJDDRLOLRLMcyY5IZRDE0uNuOEJjlCjlB9zvlaKoVW9J0TfajSIu-2BDPT=
YVgY0ux9-2Bep-2FB7-2BPPQu4xfTqexRfAQgsZ-2B4yYxqJ2HANY4YxGMBclRduzcLoKxCpKN6=
o48-2B4QCuhHtJRFBlvirPhmKyWo4ZB1VXFixYCyREEBQtctVn-2FcNlD5uveAaKnQd7dM-2BNE=
uXzgtw4XdLQOc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ya=
nn LeCun</a></b>, a chief AI scientist at <a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzXatdR8adOgAefraQCaifcTmzimG5Cp6ZJ-2Bav-2BoRL8RPA-3D-3DQPoi_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNt=
SrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-=
2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM=
3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2nqnTXH7wxvIj3BV=
XmtfXm5m-2B972lVvAtI8f8yArIg7p125kKXoYnb6PJsPw8x2DTN0NEKlJ4L3VmLenP8HGIYolE=
qKsLMtz4Fx5nGOoJhHcTcWT9sXySUebG1Tg8QgMchIPm9gBlBoRwHcQls4xzOSAxJBP3dOo9DKd=
6W0irZqlDdK-2FjBd-2FV3EOhYsib1jxlvP5PFxTzojP-2BIpuaa-2FEV2tpBiiRNIElYT0qKQ8=
4aYLg9UzPwuEB1z4QmSQbCPWO7hyvRQauK5nBdd8AeQPQqBQ-3D" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Meta</a>, plans to leave the company and l=
aunch his own startup, the Financial Times reported.<br><br><b><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYrS4r2Py7SE5U82Z-2FBom6Ow=
-3D-3DfzTM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p8=
8TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQ=
OVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD=
6KVCT2h7xCITorxT-2F0KZ9dhTtinneU1uxQ9da0MpxsY6lS0-2FBwQxVNJZa76VQ24FwDgrqLm=
9knzCK-2FsL4rP1DHDS-2BOf4vzY5oXt7lAALAFcum25KZ2u0Xe3DJRCOG0SSMF0USTvLoBePEZ=
HNKcxxh6H7-2BdQO5pZRl7u8CWzWhRZhCLg6fgPBhMRC-2BA1saDMDcPUgNR6y-2FCegB5EJZbC=
U0dz4KYbnlAr7vWS7cMjJIRVS6bJdfe4NSrGKoOiNC2BZrEIEXfB7u684lfg2pqSKi1bw0jCY-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Kathleen McCarthy=
 Baldwin</a></b>, global co-head of real estate at <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVY47ujBIuMBj2LB6MWVQI3Pg-3D-3D8vjd_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqV=
h649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c6=
21HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZ=
fNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2tuj-2FME=
Moqsun-2BrM6nA9YaxhKoVUQYChL2bJZwTB4S7Lhc5gQ8-2BWdC9-2FW5oxIvzXJqB5xWCv9Whv=
jeZxOD7MQqKrypLppZUfo4IJAD6gpEKT9-2Fqhx2sEo-2Fed3BN481SPqvV8vRTzm8tnpEwEPZY=
o2pLIrocO1t-2F-2Fs8rH0aAAWjbCnfFMwEcmMV-2FZ-2BNVgHvwgWLVZoC76x4UX3zTw1392RG=
GYVLYvWT6X2cuON4Hb2Sy7V0gILzUuhQha3ub1gGS6Vsp9btZRZpKscxYqfEhPPpk-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Blackstone</a>, is planni=
ng to leave the firm at the end of 2025.<br><br>
                               Switzerland-based asset management firm <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYt1jbySIcsQIZunw8=
atESLg-3D-3Dqczm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqy=
RwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf=
0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZ=
pXsvxD6KVCT2v3KVPMsSLomdw-2Fi04FXkhYSRIwzc1w8sK1eXejsMe6YCB8Q4eSoORtKcH6xvB=
ilH0WlzAzFRXunTVNOVrkyNhcscVOoE-2F4mdHf9OZj9ziNLjr73-2BQuo4MzxHotLBDufF44rC=
bCDC8sKbLX9N4P1O40noB98MzTVM10q5Si67kkw7j4-2B3DC6t3UmQwloXYlm3FiLeXq-2FdXLf=
DVwxAEZgDYNdC9sh0o6tFsQu46DbJvk1rjEpSRmWRzcpc7f6-2Bheuwjvv1tOUzeZ8B1dF7HRNx=
6Q-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Stoneweg</a> =
appointed <b>Olivier Jollin</b> as its president of France.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Califo=
rnia-based AI startup <b><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5=
b4YLX3Zks8PVYQzIpP8NhEyQLfrW8d0ci7A-3D-3D3rO3_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4=
Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1=
v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEe=
MsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2sgmH4DUIKwakZYp6mH5pfiX8P00PY-2B1E=
aOjJ6AdwRovyKh7kV8i246L1w-2BclGuZDRz5fAi315-2FBstfsg90e6qWJcwa5fiDd5pT9Gr77=
5aP-2FYSU05tG1ROD4R1iJcvn09nHE7EM4Ym2EiMgQgQ2De8ZqILVVxgo14GrJEt-2Bf9uUGG1z=
VBiHWN7vHabTlezwz7520xaCpg77owJD36faegFMgVR-2BI5lMy-2FfuWQfPMCaju4RlzMA3Jmo=
neE2siRNtFBpZet51Tm8VBx-2FmjkkDEZQc-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Genspark</a></b> raised over $200 million in a Series B=
 from investors including <a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F=
5b4YLX3Zks8PVY6WZf1QlLAZGs4KIFDjAnEw-3D-3Dj-r3_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ=
4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr=
1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSE=
eMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2nxLf4G9embfZAFvw5GZOPMNSmCIlxFBxT=
rYrEFSwRneErf-2BTQx84mr0-2FFwXiyLfyok2m4bmElzIBa0g7G-2Bg5jfEnj0j7V8wM5WvbJk=
rcqER-2FYm2lWj65nWxFVSpBdLm9Aj4zzoe5NB4sfVb7adSOECDe9jE4k6huuHhzGlCgTNxbdbP=
k5JyV9qP6gCTbDjdtXxbyiJ2WLU8O5h8ivNE81tXRw6cRVuUwvEXcAgVGOgRdwqYzJZvvMxLupR=
JlLDo-2FBUAHgYNbv5R8kTZls40bU8-3D" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">LG Technology Ventures</a> and <a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYuW6StazibDas1wDFKH826A-3D-3DCAim_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649p=
NtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621Hda=
Q-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYn=
oM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2sib5MucMc0SSM=
obh-2FhF3inJBTaFhxXA33IKXiOAZwIt-2F17cv-2BHzGvpX73pjEFqJK85eDM8Ky37l9X4eR7D=
LlCAbPD6ELP6tUuSyIIYRomRaXV0g6RLXoI66ojLmsh7JDAzupFYz07IGEIJfHPUqezzwztpdu6=
R1li7qPPSSwvmQ1uy4wl3EIIDDXn-2BZmsZuKo2nkLT81BJVK39v7JizWylmPOfM3IsZDfuc0dz=
Zv7qmESY4nkm2XjQBiVf1Ej3du4FbLJfCQypt8nkRPpR-2FEGk-3D" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">SBI Investment</a>.<br><br><b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYRTL17YhXuubVo6N74xGkwA=
-3D-3DlY5r_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p8=
8TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQ=
OVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD=
6KVCT2u1K7bnS7flRO2yAHkBeX60cWTPoNEdh56yjAtF8bLTomxzH6sNwQfGP5udEgAJ8culT-2=
FfvHVD3DaFLKGFwcUCggzz7gkmXE6Hqnv26gM8cpUF95ZDvqqE8HRfVUWzKc4zVbzN7s02MszJb=
7dYY-2B8uLJKJMqC55HTLMUtJglw5I0q1j1O2wF0kn38v-2BUb9uYhpkHcuJPEF-2Bkr5zfWddm=
V8bWDV-2BFdgIjUP-2F32TxM2mHCF6yOa9cs0KtsHyUuL8-2BkyRBIVsgEbBGCffoXZ1-2FyQI8=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Highview Power<=
/a></b>, a London-based liquid air energy storage developer, raised =C2=A31=
30 million to begin a 3.2 gigawatt-hour project in Scotland, bringing its t=
otal funding to more than =C2=A3500 million.<br><br><b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYO91ukPsrFZlFDoggSDO1GQ-3D-3De8CO=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F=
4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5=
t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcd=
pSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2rqog=
qd0K4sab0tVo679TJIOrPzdeWaA-2FMfS-2F9jK0h0ENJNHCu6SGUJA-2FjmABSNrm5kgom-2FF=
Q2gYsJg6wzkmjoMnAYoRUEuSWwvKtMA7SAhhl6jmv0XsC12bKBjTIvjBWcYydkn5o9StTKU-2Bh=
1A0ZY7xOXj5d3vlH5q-2FnBGUcJhAPjvdDha4Nh4kQ06qKH1DTiCzO5CkMIF6BzhiPu4hTZxBvU=
mHcHUoxL9xB-2FmKpVeeSJLviEyChuf4jh4s-2FQjTJsZFKJWBsMf2FmOvn0kmjzA-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Wonderful</a></b>, an Isr=
aeli startup developing AI agents, secured a $100 million round led by <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVY8p5UBG7cgbZ-2FZP=
h6K7eunw-3D-3DHbdA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1ha=
qyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2d=
Vf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2=
FZpXsvxD6KVCT2tKTVEeXqhRMiVDlKMpjLv4s3kWMwMGMDUlQku8Zs50jBPrQ2I8-2Ff9KiXX4E=
exih9APL3W87QUW2-2Fl8F-2F3AubDdJv4kK-2FpJDUPF1lin7ud-2Fj1hhqFbJ6pM-2Ff1TrMS=
-2BYrIqCV52NaW5oQhhp-2B1bKkb21b-2B-2FigCqb6AWs7zDMVjsN66yRe-2F2YTxzVXZD61qz=
XyzJQnHU-2B6p7L-2BCFm6anPZc-2FOSo3il0N385hSFCPw0U6fhNEXF8d8m5a0xCpO46ikjar7=
P5IQtaNCyAW7Kj17WZJA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Index Ventures</a>.<br><br>
                               Cybersecurity startup <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUrAKEXE-2F5b4YLX3Zks8PVYGQc9ujSgbFyCHQWtuqGJ5g-3D-3Dd9Y=
g_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2=
F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB=
5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBc=
dpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2pIi=
GWKBYrH69oJ1oU5OI-2F8KHDVCuzWOt5bMZPKIx4NOZJSDY5XW8k-2F83MmVAKFOcuQiUTDtY3v=
HTEDugqHGIPmoEUYs0JgSlZCrfwl-2F6KxtuGtAUDWZtN13NSNTLwtGpjzm9cyU1nMKk773SZYk=
ivuL4CFlLVi3I7U5w92C-2BeKN5VWOtXpzBWIfrF2rSaA6vQ2ghnI0sX6mikkbINJNEbSiH4A7a=
-2BfhtB9uez26fEHETlRj7tCXOIvOC51fmnjN62542bBVtFHYEy3928a4IjA-3D" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Tenzai</a></b> raised a $75 mi=
llion seed round led by <a href=3D"https://url6380.news.pitchbook.com/uni/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHB=
dM6GaDphN7sal-2FYz4h9d68utWD1xlN9rBw-3D-3DQXOY_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ=
4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr=
1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSE=
eMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2nCqnulRBk1-2B0LWzl0mqRybzgDX713PA=
8MlP36LseRHupNm1oWVN1-2BJrjMvfMRI-2FNnPzDhdaOkMXoBKC0DvvilDNoEKA0fbCbDwL7Zy=
i5CESJrySsqFvh0rmvikAzK0r3dEL9EReDIksZxYQaTVdQ33R29CmkSoA90Myl36w3xXJHMAhUx=
6UfAp2KIVj3VrN1FfqUG84yKfFvqxu7ztGAMQnxnSSRS1-2BseTFyqGztCt6qat3ZtxGcEiwONu=
9cN2LNLirWSFBC3DRgh8eczIx4Eg-3D" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Greylock Partners</a>, <a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
UHhCU1-2FeHBdM6GaDphN7saHjha3rpjV60Hd1qfpw1QNQ-3D-3D3oY1_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8=
MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7g=
K-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLA=
QG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2jkrYzGNdBiDoYjm29na40fw=
agtBOnYUiVtlCrMQuwzWd7rKWEkfyKOpAd5rrd1fPDddpS21eDLnxi0NFv-2Blb1yvQvF1A8TzG=
iqMJ1rvMBGhth08WtjWDQUkUYT5GEtIjYpwGEe1Vr1sX1npZpdZeih71ToxLW9JHE88QEjQHF78=
FpX9iLXrz6Hy3G8iMbo9jkpdYkMn-2FhIWs96jRTVgp6qlPLs0U64Vu-2Br9lhhCCXrYuHz2hus=
5sLvlcN7L0uHL3KbPE5BuYx1ig2ejk-2BamziM-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Battery Ventures</a> and <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7sa4-2FbALb2jmzr4T33x9Vw-2ByQ-3D-3DrFAl_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4=
mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t=
0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdp=
SrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2q7vyE=
0-2FzGvc5x-2FG1duVXlOB66lRspkSWTHeZQ7oyGPuEz5jr7BaniO9eWrYVwfFjNCm6ECGH5Tio=
nUqEDT0-2FNT4Cyx42Dt7K3-2FINqO5Xl19oFuZnHqhG5AcU7oJB3YUYEogCpwWGi9Ejfc7CRwI=
6IvD8MMYqmt-2B8c2mTCGz1gSdz-2BOjhLbC9TtTuIeoi4MbnZrq0rm9OXnwulpSDGc2ZgHDfQ-=
2BB0GDyEoX5PuIZWc4QrJQ-2FW3HX8z6K6s5EEb1GT2ot29ZkK9M33A1PLmlNpKM-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Lux Capital</a>.<br><br><=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7saG6JRpifEaE=
LzgjFgNSnwYQ-3D-3D9Z4E_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFRO=
L1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNj=
On2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpa=
Ju-2FZpXsvxD6KVCT2oPZXET9-2B0kNSGbrHjsD2DIqNTaqLL8A8WVUG2KtHbAioBN6JdIIFZj3=
y0aNlXUis7xAQuo0uHXRtdVNCBLILMl33mhM5JKZTUfuQ3CXdzjM9YX4jK1A8Uz0DcPHyQX8M-2=
FrG6PtlofaME5LHd07xAmMlFppPAhhuKSIhmSbUvo1TMeU1PfnInFdylEqbhjJL9ARDqtyodQHS=
etOY4CuFHwu-2BgprGTZhmG6TJxJbt8-2BN4JuIcsq7Akby3MJJTKDD0qRJfYMDCi1oUxuM5-2F=
EPYBbE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Vay</a></=
b>, a Berlin-based remote driving startup, received $60 million from Singap=
ore=E2=80=99s <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7=
saEIf9-2F2BHFZ889EmdGD6bFg-3D-3DpOpB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC=
fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500=
LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOF=
awiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0J=
KWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2hdFIADBtW5qzJqf9k6DJ62xVuhv9-2FZ-2Fmv-2BMfh=
bDbEH0JU9PvVLLl5JpyOjNsDjDkHzQfCpttgvGUerBKw2df4uS0ZVM5o2SpCdIIlKWMYHwuuO26=
-2BwnPKEc9xH8wmHvLTF3LpWY-2Fzb9D3Q3x4Q-2BzXL8lqPz7JJKSOEONXPa-2B0f0LOTFnH-2=
FyIBgcLowt1WfDd3-2B4pzGR1O8e3aK8QKmv3JcvToYOQuonGvsJ2zvjb5dh0E5j9KYRyv8JNeJ=
-2BlC3sOOYblk669ZKI-2FAzzyExOH-2BI-3D" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Grab</a>, which may invest $350 million more should perf=
ormance targets be met.<br><br><b><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUH=
hCU1-2FeHBdM6GaDphN7saPVhoMjFAruxw07Gl71Lkig-3D-3DnKkQ_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MD=
jli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-=
2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG=
1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2jpMJvV5X-2BgTuJsKYOaBK-2B=
b3VnRcyyUGKAq0KCAECHKouu-2Fo4fZoAdOrQUb5C8oB44yC19Tku9PRrTC68C0CxPqvSEI2SHn=
srtKPl8h6RfJqPPCKECA-2Fus5bs12LgDnlxjjNX0LC1WxDLkvJOUEq7WHa-2Bplzq-2Bu79lUh=
Cjz7cXjBBgyrCGM7ABBvdBCjpzwpZ4dK3G-2B1-2BfM8uZi-2Fw0vOTQrlTfsfp-2F0yUi515lL=
Nkj4aWzBPSEGd7Q-2BAnilHqurr1s33Ruprzk4rDEcvxQB2nSM-3D" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Delvitech</a></b>, a Swiss deep-tech fir=
m, raised $40 million in a Series B round led by <a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7saNb8GUs4C0fWZdI9Rkh3WXA-3D-3Dl1TD_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh6=
49pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621=
HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfN=
aYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2s-2FGDMew6=
0pIkLjYExt-2B-2BJV2suYZyNqaL4-2BFPEwZfPImIj6me2NxB8XmXaxVTzr65saO13LeVxgOL4=
-2BXFX0b-2Fadb2OEmmVaddig1IPUmT-2Fq7zgh5psf5NPD9OD2QqBaWWhvLmnhLxPwR5CqupjM=
-2FmGeBg-2FZavbyPOUUPVuwOI3UHarfugvsl4LUhn4TeSzZrYUmXS8h5qOT-2FzklETe2Ocq1V=
uZ3uqVdzXVL17lVeElZLW3yGGvj5UYFxmpzaZwghj7iJwfVXfdnCtUUaOy2iGSA-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">EGS Beteiligungen</a> and=
 <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7saQPv2crVh-2F=
bMXhK7LiXvlhg-3D-3DXkD__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFR=
OL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FN=
jOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrp=
aJu-2FZpXsvxD6KVCT2ubip7YjwvsvCceI5V571wQWUe38r3x-2BBO14kb8KcKf-2BEWFOLB4IM=
SbOr0QhHbcIXARhJPEZhW6TfGYQn0bR1-2B4OEwdaRuBeecmkvlEIBUX7OVz8s0dGllCnbgp54e=
2C105xS8N8rghy-2FPixGmRDuZI9-2FAF-2FPcr5StSJH0L3c37tjO-2BvkapdmwELzxf-2BQRm=
P6Hx8ljbpJ4W5sgNBGIhrmh7yPvHQKje1bIob4fL5cUAehoYXMczmbTEyqh1H3D77G6l0oyx79d=
QJ9R0D5W6-2BKyQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Creadd Ventures</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU=
1-2FeHBdM6GaDphN7saTK3DA52763X9rI-2BbJ0-2BzFA-3D-3DHl6Y_I3w5d9c01gkD8gLzFEo=
fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8M=
Djli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK=
-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQ=
G1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2jAXh5YKaWLN9JLE4-2FDclTT=
G7oBVmLGITz-2Fi5ebX2AG6uQUIZ-2BL88uOUJPhAK2cJ8GD55NV9hdv9zAsWh00bp-2B4SsOLU=
sDOVO5v5HIyC56wbcCzqYC-2Bht1fc-2FrubYhTw81lemm-2FKT6igwiosV68X8khInLlVRDy9X=
MgvTGi-2B-2F5gZvTtHGaV1pFRi7pPTWj9GxjSi24B5ucYrP2X5eYJEjnC68Ehyv5FhtmDEHnmw=
EXWA9bBmNFtBHQsAwfRoQ8CrfKXjYQgv5oGQ9UyMK05Ji-2B0-3D" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">Amenitiz</a></b>, a Barcelona-based hotel=
 management platform provider, secured a =E2=82=AC38.9 million Series B led=
 by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUHhCU1-2FeHBdM6GaDphN7saIYoV5vLS=
zlDsHthMkzonoA-3D-3DRAiK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFF=
ROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2F=
NjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMr=
paJu-2FZpXsvxD6KVCT2q5xh75FHtgiaCQwzSZnnxFjdrDXWK-2Bw2Ooe82XQopz-2BCXz-2BRJ=
ZYrqFYpipsOKgdz616fBi6IBoaYxuT-2BTJ8r10zWSmeZOmYUwNQyzY1ffwxl-2F0UoiUnk7SL2=
6QYlVvkPSMVfMGrV5oSMPgUDGnN0z6yYp1BjtKiQyHCbRI5XcTKhWii2koUc3O5LeiaEgC-2F54=
mJLznqcFnov3fEk4TZdg3Qjc97Nj2YdPfKS34cW-2Bi4vd6clVeKZUhj2Fkq-2B-2BmAbkKu1ba=
JlHgH7ofO7da1ra4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Kfund</a>'s <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPx=
28RgJMTeBIdtejV0HmvlQ-3D-3DoLwl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNq=
mCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKP=
kd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-=
2FjPyMrpaJu-2FZpXsvxD6KVCT2mxB7xMMF7a-2ByufIMop8metBY-2BPkimlxAYPvdvflCKoB6=
bLrNTKuxV49zfhOEUTYO2oH7LLYVCuUsQMsALZxbIxO5NMdwElEzSve-2Bflp3cOFGTW4da8e0t=
-2BfBtTcov414f7jzcFiQEC2LcrGHdxAtGGQyWVEz5qUO9mHsYYxvFUQ7EECHkMUh5NUHU9mcxr=
jpFj9lZazvZ3Fx5pThnRLJb-2BCbC7UMFLaBoBH31Q5elG3Z-2B08OKvnsX236Tc-2FfzaJQf-2=
FMsZWmIXi4QDZ7F6EslaY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Leadwind</a>.<br><br>
                               Medical intelligence platform developer <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGP528wYA8VwonkyJJ=
RYthiOA-3D-3Dd0Xy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haq=
yRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dV=
f0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2F=
ZpXsvxD6KVCT2lUpu6ttNB7dBwd69MCRNPUVPBPi9ebn52JacTBkZ2fgCQg1AmwOYxs7R5z8KZy=
rBrO95YFc2k3jr4fLH47vgED0IEtjWtz51q5Dl7d37RMgkETviuuZNs28FFEcGhNzXmosS-2B2a=
5ywf95Vfy9Pu8z1gWXSf9doFA9hJbfKDA1XLSWc3Dp-2FiJ7-2FFDbqOYOJ3XRG8LN6l3dgSqsE=
Cmyx8pyOG8Uzu5twSf74pQCR5h20C50jfHqg0t79iHyBvfIM1nAQVPmagKcAVnB-2Ft0mTxpF0-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Evidium</a></b> =
received $22 million in a Series A led by <a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzXKBVYivHhiepZpq6qsGXGPD5mkQvKvcIU-2BY-2FhabOAPHQ-3D-3DqHwy_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNt=
SrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-=
2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM=
3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2jQF-2FtHxSu0ZAD=
o5jNojCwYGB-2FZWMrNZP2wnLWJYihLRpXTaK4Vzn65clCaDJgTYN9JZ-2BHnX9ZBfySc-2BUA1=
8AH89lKZ2r3TKet2Yp28H-2F358o790hYKbV86BnEGmUGVeYyhoFy6h-2F5qBWJNA1qeHIGbYaK=
nNqi7ZlLrrNpNiRM0WS04YLTOUvnWaKotEX-2F46r9Rac4LfrphWL8ICefLtnkvE-2BDJwDXFPx=
AQLo-2F7K5SkgSmIAsFKydnLdRnskow-2BGLQVj0eiuVVJXtCPORR8eZUg-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Health2047</a> and <a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPlYrEwQJHRkWW-2FLJj99ENMQ-3D=
-3DgSgB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88Te=
rSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVd=
QRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KV=
CT2lXAHSB3IKNMycNexnvGgsaPbDr2i159KmL5VdIBewp-2BCockJkWeBYVZJG6oE-2Ftvm1jgG=
YttVWFRNYfe28d3hPRNVp6vuG9YUG3HAZNZBHyvSii0XQxWKVjb36ALsCccQgxJsqDbL7M9U6wI=
y-2BD1gay46pbZFWgqF4xVVe0erEGTjVjWzq2a4V-2FymeuirWhlWAiBZOOezi92-2FAezrTRrc=
rx5gCx4O01Ee9cfkhvDcyoqEhayyutcO8yV4UbdGB5v631AzJIHYMeKe7W4OkNEBFw-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">WGG Partners</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Beijin=
g-based <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPIltHe7=
RPYJylaB2m9NyBag-3D-3DQMyd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcL=
FFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-=
2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPy=
MrpaJu-2FZpXsvxD6KVCT2vxIpJmEE-2Fq9-2BZ0NUC-2F7bMhHW1XPALSZL07-2B7tygq55S6M=
v-2F7evF-2BvRHoCVahRhcQwH-2FaDo4cM8tRg922cMz9gKzKzYXF5RojomkZrDBVqQuv8YrVbE=
3QR1rPLBX0a7GKzFAl2y6FDavflaIu8UciJ2Btclor9434OePpGBnUCAAZpGAdX8z4ctPhxDFRc=
zZyIo588rvZZIiX0akYLeMkXRSjnSS7U-2BcHq27xxfz59HpMcA0gAy1NgshnLXYxkMaKlImUfN=
ONb-2F3qQ14bEr4grA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Centurium Capital</a> is considering a bid to acquire <b><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPfN-2FSIIivhydzIbk1gYfGhQ-3D-3=
Dlff7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFv=
R5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerS=
YWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQR=
jtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT=
2uiaJA-2FbiFbXda0j4mXtuRvg-2B8HNW9NAWPXBnQYc0kCYHKS1EfZDBMOD-2BMbMDY6GH9FqG=
rxhuqf2LkLIVqRBSD-2BTHx-2FG7vbpqi9GWQ7TR-2FQMPziE4hi-2FVJk70Zmu6Ce13VKVHG-2=
ByOoeVR6z-2B4uGtLDYLWx2py5FuuotLYfvhigltrQk1pP2QORDnm9WJfLoiuj7mHmvd5jtuRpA=
-2FYS-2BG6Bz-2B1ODZXOfkWRhVJkg0givjE-2Bfno77v0RJDZ53JP4XGmTW-2FWIv-2B5Rk5Ef=
qAFCalrVk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Costa =
Coffee</a></b>, which could be valued at around =C2=A31 billion, Bloomberg =
reported.<br><br>
                               A <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKB=
VYivHhiepZpq6qsGXGPOtPaRbq3jlwPG2JerYk4Lg-3D-3Dd16Y_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli=
6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FD=
IvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZ=
h0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2twWd9JTZ6hjNDgY7-2B2SLkhslRs=
UN-2Bs4lfsxipRH26Jh818-2FosaQmsNIWB2mgVf0weWuXw8-2Bv8diUHB7-2BshyOeGcMWkPow=
DWyuZtfT5adktM2oWQt2jPVSHoVfGcvalEx1Ttk58g9pOGt4lhMpX72GXndWtSGitF-2BgkbAzQ=
a-2BeW2fpqYo3BFNETZSEpO9WU2dcBGHLAcP4D-2By22RDLWVV-2FglepNBIV279r-2FRW32Glg=
2TtZ4k2GBiNq8jylZId00IyJwaYQPQ6JoNKFlyo2v3Wew-3D" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Macquarie Group</a>-led consortium is set to =
buy infrastructure services company <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzXKBVYivHhiepZpq6qsGXGPuoaUBvbU-2BfxxWmvVNC7USw-3D-3DRbUj_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTO=
QD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyM=
m7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4=
yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2s-2BRUl8OViwANl5F1cR=
O8kKqX-2BsmV-2Bytcyrktv7ZpIcio-2FFbvsHhX8iDcj76moFJbLy7H-2B5jugi7aI-2BuVTx-=
2Fh39FyHYfJfGabREMpirujcGnmk2dALg6qzV0PM-2BiSWaX1SZjJPArAHYWjA9Ao-2BsPsGABl=
R45zEXsJS3Fl7J1OUv6DsMUhWiRPT3HP0L7ER0pYp2UPlWizBukSmPI6NyHSmXIv9OsjYbzklUq=
lITgNDTi5KxQtwt7IlJpYN7FmTkbDk-2BUydjL9mdf4zNP6dNEoQw-3D" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Potters Industries</a></b> from <a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGPZcJSBiPcrUUPi1hnXqx=
XJA-3D-3DZUsF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO=
4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0Us=
dXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXs=
vxD6KVCT2lZwZNWvVc5-2BSQ048cUqp5MokZVYGcwrvhsCCZcczjxItw4QikBHZwd0r17bs979k=
5ZHslyoOWcoqhUc-2FZsEJwIjrWEOgot7YT85Kh1MwfZEBzdcTbjckoXkh3h-2F0UQetu0iRNds=
068aex-2FRMq-2FhSC6JLd9221cz5KJr5254FLkEABg9Ep9bh7toQJ09EPSpA-2FCDJcIM4fPC8=
Y5OKBZKwzbpRtDIeo-2BYoucfc6qcPe75HW-2BXlxKtb5BKefSiVkream58LnkhZ7Qe-2B52qR1=
xESbg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">TJC</a> fo=
r around $1.1 billion, Bloomberg reported.<br><br><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzXKBVYivHhiepZpq6qsGXGP3I-2F9bvaGg38pdaKLYaAANA-3D-3DLjhA_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh=
649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c62=
1HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZf=
NaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2s6NpkIFlz=
4vWdvA-2FcfjU328bHDF-2FH5DWmTWk0QbmcRrl-2FMhifaLJqZXnGICfclqhUDZR7a-2B6TbjY=
ORVfTmpVyiTkBzemktP6k-2FceAimZkyf230qjnenZn4sDQwXx-2B9SGORUmkCQWKVnEpIExqn3=
sFLBrW04-2BbX9uMMytaj2QX8bdgItnpKTSQbGAesCbU4PzLWmUglU76i9hqv7l-2Fvk08rlNIa=
SWnhRjTXHjD2I0YJiq4aCAC66AggX-2Bn-2F8tn-2Bn04KKqu1s8uT7oGBTps12zn0-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Francisco Partners</a> a=
greed to purchase automotive aftersales platform provider <b><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU841sfqqO8U75U5OvKi7PbNA-3D-3D=
Y5bo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR=
5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSY=
WdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRj=
tBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2=
gN1FgUNsQyvGXjKqM-2FzpWaMcyTSoDf0PiVDaP-2BYrS-2BE2K1I2x56ds1g1ZZyNgji9hH-2F=
2qA8CLTk9XlHX7AQ18J1ue5NAq76E0Gcw6-2Fy-2FpNVDFrkl6WNw9-2Bk67-2F1ozgsLPOOgtt=
ee0-2FN6BQ5Itt-2BP0kOmdBxgXEMNn3gBZwJGvFBtAY-2FSdA9jFQq5Ma-2BKymBNCXMLkdC8B=
Yq89m9jCc8qCHX1tdtIbDOg8Ajvu4ysE4KFLcqwNLPOO6fSag2kEty8JvmOw-2FFB6bJxqvoFbV=
r5pY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">OEConnectio=
n</a></b> from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU=
8RLehSF8Ua28ZGJv5T0gaVw-3D-3DNLkl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZN=
NqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawi=
KPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWC=
a-2FjPyMrpaJu-2FZpXsvxD6KVCT2nrBuZQ0CnwEe3otRB0y6T5em4ikmCNFg67VX6cvGcM-2Fl=
N9yKuB21cJ0O-2BhilUala9eRFqeJcSSbaWTgMgGUZWc7l7VLIxsE3BQGIFmAM7vGcSTKT7QK-2=
FL5xFdhDh3tIqWhtMmY3TzSmIwuzrBBz5EfjPy89NHmpBSGkupGN67VC0MYLR3HNZcV-2Bkj0ZO=
p4azy3riX7Sgu8g0RoVz-2B7tigcVvtijr1JKmSy-2Bld66rtLl2eUbxnQUxH7yQI-2FEIWlmeC=
l-2FSqSneCcOwUET5aikRDM-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Genstar Capital</a>.<br><br><a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzXS65ghZPsWPifh9307CdU81pAILYDkpUVUNcEa4VCBwQ-3D-3D_4HS_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8=
MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7g=
K-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLA=
QG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2mVWE08PpR9CQzn-2F4ENpRZ=
KgmEDL5IDpr-2Bf3j83BZ6cTzzr8H-2FPx-2Fc7X5jL-2B-2BaBeCSdk6vfOjfP5XhhHLA1cqxa=
IkXhnYzp6QMknH72JvmOIJYmV74S8AMqf9g9cw-2F5LRvYkLqrTBWicY-2Fkczsd0dYFTEEpGq7=
HFTfsSAy-2BSpDQPPEXcG-2F5FW91QSqPQ-2FVQ6FOYpgbKRwj5-2F5vi79aY0NjPeX6uEJrdod=
z6rHG40SqJP5718BTNS-2BKDswM5C97VPVYY8zcWy4B39vs7T59sWwyo-3D" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">BlackRock</a> invested $500 millio=
n in tax and compliance company <b><a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX=
S65ghZPsWPifh9307CdU8-2BSDtAmCz7d8z8DAaF-2FAAMg-3D-3D-ubp_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD=
8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7=
gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yL=
AQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2qEBPl4T5RL3JT7Ncn86thS=
n0QU6EdUJym51xfeB4RDhq76YlpRNFUzb7JauHqorkFzd8pE5CXZO8Gfd2hPw4UrKj1VT-2FJRP=
CTRYcGpPvHDdE8CUbKy1FamNRLrUczk0SCqHwR-2Fg4mxHbGYiVQDw0LRQ-2FHBk6T5dz2HNaDt=
Lbn8LDffdYf99vnKxe7nQ5aJ6zp3WK08bvfPGQhSsJPHWtvTFe7qsFJwSQI4URC30FriTF17f4l=
lBcobfQzRgHHfSVdG2faDHZt6d3-2F3Brrxwhs8-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Avalara</a></b>, which is owned by <a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU86e-2B-2BvowPt9SRpho1VWJUqw-3D=
-3DAWWE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88Te=
rSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVd=
QRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KV=
CT2kQjZX2jp0tBfK9id8RCgywU4FQBjswX2XOu0CU7ZU6Ea338Fuk5QE-2B-2BYAWqRm0-2BSXm=
89ZW42OZxOicYPwtI6dHghGJq-2BDn7NBrA0TAJUW46TzGOxqJqC6qHwqVCHjLEc9s49ka5KQve=
Lbn0fqPXpuE41SMP41IKEqOsl-2Bgq3H6zNxd-2Fsc1SXAslyQIQMpdysGnEpaeKWifGN6kBB-2=
FXIzCe2GmT3BbhOANTz1hdqxtFYS3DxZww-2F8bxu-2Fn8fTlvHE5NurnLuuil-2BkVfLS2-2FF=
FDM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Vista Equity=
 Partners</a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh=
9307CdU80aYMQ8cEyWmA-2BiAm1ytJQQ-3D-3DdusW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Z=
vpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-=
2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsS=
toNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2qI2OnUi-2FJHaIC7KzgpmL5oY0wcDKjXBjX-2=
Fzuxv9VKNx4OBZ08qyKXTrs62wiTatlMbtrXQv6OC2E6PSViou1P27MHRz-2FjgQ5giv5Mo7yIY=
RMZbIhJkKCe5LevS8vSADuMxoJIytDaDaOrvXO9A6Ju5ArtF0F5GgbQTS5gujRtFQMomVWwvwu2=
7XQExrVd7Mo8cvSG8tbK0E32YZkGhdmkRn21kKLnuRcFTsLJ5gbTOsOdlqSt3vHjxxaOM2G3U0-=
2FP6TZcIPo7MhTXQAxULG3es-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Coalesce Capital</a> acquired a majority stake in Florida-based h=
uman resources outsourcing provider <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzXS65ghZPsWPifh9307CdU8jwHS4ocy9k2Huadovry19w-3D-3D05xy_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD=
8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7=
gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yL=
AQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2u6YaogTp3ox8On-2F7QhxH=
l4h0cpPbBkwgg4DSloBp-2FgKBtgQss-2BcNr3pNDQFGd0S94gdh1Hc-2FO6D2sU-2B-2FiuGil=
gjCCRDS8Mjl8cm4-2B5ST5aB4bs4Fwnmwk4au8LoJKbTBIj450y6hYYIZ88JFHYFfKEYL38duk-=
2B-2BLIVeh3VaKhG8Xf8uG4IWSA8-2Bne2OkYYqublLKCcZYU2gbe-2Bqwb7JpQbgQ94uLYJGDJ=
zX4dYJOdiYuuQOXBlY17Age7Wwp-2FZRzrQC9gxn9P3jgLLwUtIXzdQ-3D" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">DecisionHR</a></b>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8JXrw4A-2BVObc5rWj5H2=
-2BqGg-3D-3Dq5TO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqy=
RwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf=
0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZ=
pXsvxD6KVCT2iEcSfZmTrjq8OSUH3rKMzDCGZelcWUxYASBt6MkiZophOGKnFrw-2FcZbW2YUFR=
VXtKlh-2Bx6B1vjV0i6yZ-2FeEgbFktFhhOx5yiRIq0FhJ9veoJ51cqVPyLpyuOCvqjTd-2FqIS=
ls4Ump02fLngIBxVMNVw6aK7KyqMMTc-2FBZUciON1tRaLhvZArPyUbDVxnNtCqVKXM7-2FJ-2F=
ZV6We-2BfpvXcTbRcPfHEKh4EPHj84oybLmPdPEbDsDI24QkZuBsLnY6NuWnznH393BK9k8WXua=
wgE8PU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Madison I=
ndustries</a> sold filtration technology company <b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8PkS7DMzB0FSgGuHCnI0uhg-3D-3DQ1J5_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh=
649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c62=
1HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZf=
NaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2p3-2F4BMk=
HPc6ND7FUJkxWq29PWVgY8cOomoXmT4MptYsFsMu-2FbLYbqG1ODwI3eKY4-2FKe6VR9ap8vdII=
orvwd5ViKJhUkSq3v23Q6OFdv01PxZAhimG5xfcWMkKuEsZjXQqIomKbpFA-2FAtKQgQfr-2B-2=
FLqHJQw9-2FIH-2FJ-2F1uINL-2FWGjVqPRD-2FQhSC7miJhYzYUNpBoHNhvz728Lj1FeCYTIvG=
vBplSLnqaPzWmApCLYbW0oR7Ey0Vae2-2FFkfUaJOCQTyNz-2FDAxFYkp-2FpbSN-2F8OWfYWI-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Filtration Group=
</a></b> to <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXS65ghZPsWPifh9307CdU8F=
LbxoQNYYxuFLrw5Gtsazg-3D-3DGks2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNq=
mCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKP=
kd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-=
2FjPyMrpaJu-2FZpXsvxD6KVCT2gb5YHiSUBUj12qJb-2FqadJMbAc8uo1OwDzyhfm5m0y8RGzV=
EUUThB4U5QlUznOcKF-2FS-2BKHYfeMZ3vzDGjChI7cVBmHU4sEdLcOuQqy5V1VQNDq53begWTI=
YxpTpcdUpRWHZFUaBrtHfSIUksfpsoa5F1JRiQrhKdcGB0-2BVT5kPvLcs3uneIm5ZdawX9VCm5=
-2FU58-2BNpBQpwz3a-2FZGAn3moxh1JKn85KIPsREP4i8Obv-2FOA1JngaqmQ-2BvgvTgn6rKY=
Fq8l1F6o5WcFdvQGnE2rk4Y-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Parker-Hannifin</a> in a $9.25 billion deal.<br><br><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjV0I9C5G2PINQmzvHDF0DOQ-3D-3=
D4rCr_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFv=
R5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerS=
YWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQR=
jtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT=
2onBMMJhqDbUj96rp7-2FEG-2B-2F1pbo086LUHyB3gCkoeAYpj2SY1o3llqGmBDaXo9KD4kj9l=
TJOSMupdhm-2FYBWqcYo8Ypac8C-2F3jW1SD8gOQkwXoyadfmdl339wVfpqBWCyA5laFzJaAFQm=
E-2FTQelsGhjW8fgCfG4gIKA40Cg4iAaaypr3WrvAEyFTDqdsrlt-2B0g3-2BN9ZOfVGuc0tt6Q=
ER4ofhA-2F8qBgtK28Z74NAIO9VkM-2FO37oZVnuiyMZAh1Mxwz74RZNKyoHKdqwBrZAcB1kjg-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Warburg Pincus</=
a>-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjn=
G5jsifI7rpzOTG7DgH8ag-3D-3DfzmP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNq=
mCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKP=
kd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-=
2FjPyMrpaJu-2FZpXsvxD6KVCT2oSPdaRgnE-2BlTezcph50BUBAOig4kixj25dDyT3KlLHH4U2=
AIv9m8INSiUdMHtN8Msecq7dgceG2FKUWEBkUWTK4G7kDbaBWoqQBQAiLG2u22O73n4Qyh6E-2B=
aMgJbu9OA0PQoeUL79sAVMi1pr-2FMbEQ5FLbtZeJ4PsAANWY4Nt4-2FCPlV8tXMB-2BkC8cLR1=
8763SvDAd6g3yjJUKNEUG-2BRE9yJlE2qxT0xnpY6PmLMoa4DbqMOsEtEurbLCcGUM5tFCeWu2r=
UeqxWuxQnNiDOUOUE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Truhome Finance</a></b>, an India-based housing finance provider, is plan=
ning an IPO in Mumbai to raise $300 million, Bloomberg reported.<br><br>
                               Insurtech startup <a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjkg33RAIZ72NDxmhMBxJ3nw-3D-3DPKTp_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649=
pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621Hd=
aQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaY=
noM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2lA-2BEgmHAde=
OcaoViM0O5xXUFfakr-2BZfgkdRVLF3j4E-2Bcto1pwpxDQWbm8lN83QV48KPtQlrzfq9LMR8jL=
UwRHdHXgFwe2KQS36F4LOv5JqJzNIHWgBPonLa0a43mIHUXPWn8L6dW4AVmRFOXsnM59t2pb4VG=
L5NQvmhOzyYCKGXqaXaiHjoXRgObCfpE1bdnzX6n-2BRUKiqhhNnNDRvMxI8VtnawBYU-2B8HKD=
Ya62D-2BjWfP5Sbi8kOAd-2Frhgr6rhKYP7csgBaZE6qQAcJrQC3ejE-3D" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">Futureproof Technologies</a> acquir=
ed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjnC5asrBa=
K5MwLztn9BrpFQ-3D-3Dgyxv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFF=
ROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2F=
NjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMr=
paJu-2FZpXsvxD6KVCT2qNCRaL573hQ8WlD-2FPvvf2I1J6PLqwlNI3TqEgZadwpAsD8Pwz9Ma9=
jetvKU-2BLM4aeCPCFWrPLSS-2BuZGYYKoSrJaMfbNSjwQ53NqQytW7s8QTHRw53iPUyHOXbFla=
BUNUIGz-2FFzihTndZ07PZwn0QQFPojZuwAT-2FbYLUx7TDqSwqULnp3gSLPyPVr0-2FFIMj8S4=
x-2FW0EI38pQ-2BqJ7FI50U9mnI-2F39-2Fg2e5PpQ6b2if-2Bocid0oRVbtaQUhCf4Zb35Wzp4=
kRVnpV53RU4PWD4VwWYM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Terrafuse AI</a></b>, which specializes in wildfire property insurance=
 analytics and is backed by <a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bX=
BUpfCazD8IIdOjS7gvizDYnZEoPIoiX8u8bg-3D-3DilHO_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ=
4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr=
1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSE=
eMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2o-2FpUz8Cs6FpdkiDWMubU0s8Bd4ERSpi=
LbxrtoZqMwJdz016em7EtBgjBL9uI-2BIV0HESCVmPEGOAmGuy377sPWVkNHhYW8r2JlbahEb1s=
5Sj7l8qfJlTUtnUOAB3xFpOeZlDvsk1l4jBi-2ByP1jzhsWDYNlkgCaQObFddW3TorUv23vjSdp=
N93S-2FQDf90RFV-2FbAwhV1BBzUJaSTq4rSPz4F65-2Fyw9mTWSsUcGCJfKzc47a-2BskdV7-2=
FTTVOqThPbYDTFlKV22Q1WBvS3ylEpU3qsXk-3D" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">The MBA Fund</a>.<br><br>
                               AI video platform developer <a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjuGwSGOlrr0e615baRgnj2Q-3D-3D02=
Ph_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-=
2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWd=
B5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtB=
cdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2vz=
OHmxvHiJvF7hAY-2F-2B33Ut6VdfYFdNofi8glYIsuBxtIrtdBrEWQiKLbGiv8WTP-2FhW2FoFC=
jeTN1TqE4BDk3j0MI7fWkmkytrEg9CmBITItDZPTwBZo6HIptvDXknabduH7VHaNxsYgJinc9Jp=
Q1omj4djNUUGAio3Url-2Fw92oYj1Lh5L5F7d8tsV4aacG9TQnXVEREhvxy-2BtFfSDrpyU1gr-=
2F73SXXXsKoZI-2BurD40bonVCqDiVfGNsHsgb0GXn1Y3eHLn6xZ8ylqnfauZlD9Q-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Kaltura</a> acquired VC-b=
acked <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOj-2BwB=
GoPyuM5CElqDlGxexkQ-3D-3DO8LH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmC=
BcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd=
9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2F=
jPyMrpaJu-2FZpXsvxD6KVCT2rVgKZbGPePJe-2FRo-2BKmUNSnS38FkY9wRb1faPwXOJJsbqB8=
MQW3wjKwG74a38ySQrms-2BmFBZmPo-2BcvNyYgtPCy0uxDKGxEnfbPcxUZOrleQZo3R6EarAlq=
3iqwQV-2FoudCZjPO03GeMabDlu9j7FBcz4nG8LUJUA-2BqVw-2FJuBBl-2FudqqVzibZvEoLAb=
85M-2FInESppsCBjFMeu81zU1cDkg-2BXpxeZ1v2lE24QTVKK6hiKh2bO3W6l16btlv5tSlZVKu=
2T69m46xxFeHoiQC7sevX5M-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">eSelf AI</a></b>, which specializes in digital avatars, in a $27 =
million deal.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjbEEhZgSGR03mIxXEZ=
S6UHw-3D-3DN1zG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyR=
wO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0=
UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZp=
XsvxD6KVCT2rf8J-2B123MZWsN1RXYq6MhQBh6544ZIqeQ4EK-2FlueBrfAgirD6zsaFtHkMz6C=
30bNvGi0VcQviulovERYlJImuGSVvA2GhrH3yrLe6MAZ08HmYToa1dG-2BYK8BSEOKMZiQ1B8pV=
r0pJbLCMkbytiWFU4-2FOf13JwrkMqjbGXnKx4F9kcerIS5oR29fWJjNNWBLSWDA9iPynxYRm52=
IIZYa7P2-2FQ0xNt6pxIef-2F1szRNfdhY0emayQ25A2Xt4R-2ByL9I7cSARPirMVcyhMA2jMh5=
1po-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Neuberger Be=
rman</a></b> closed its fifth private debt fund on $7.3 billion.<br><br>
                               The <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW=
BWyT7bXBUpfCazD8IIdOjGaJkDYjZq3HbglhmBjwr-2FQ-3D-3DWU2O_I3w5d9c01gkD8gLzFEo=
fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8M=
Djli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK=
-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQ=
G1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2ku3av0vU9u4x6Kp7yeaImROa=
s2vowN6hsI9MJGCEOI9PZhTcwoGzGrPYnePR3NCfcQrm-2BO3ijzIhNa2IQQl2M-2FFNwbEzhpQ=
a6jVBn7Ya4NcPPwx10Cy54qpMZJbILcPTz4LHDzJTiLGxrLcVGti8ke7GfFMhvaXnwfL7sOtEAz=
YhD3L9SVGTQcOlVPywpN34Ex6W7Yh1Gbhf1brPF9so-2B630aMPreKVS9QsQmxHjsjliXK418MI=
QzdrJ4O4d1U2KnmTA5cnY4HDiCnnV4zzPA4-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Qatar Investment Authority</a> teamed with <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWBWyT7bXBUpfCazD8IIdOjeUw5-2B5zjeqEI5RhMgtp=
XKg-3D-3DVamX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO=
4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0Us=
dXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXs=
vxD6KVCT2mpsLJJvzx-2BzL4P07ZQcfBkZ01mkS4Hxbk8laWowmjldSqREPhjaof4VgK2Z5hhCj=
Ovs7HprI2mlRnl5Gh-2BNMU-2BtXM9152DkqmPM9k34Y4o-2BgmtcqhOA1Sv6iC-2FYwj6-2BCm=
ppqcoNIDr9SqvbPJDy-2Ff4sFHCptU5LUVQmVwhE1gmykAH35P0eBiMSB349OV0uxOzQIJYc2V3=
luwF1gdgFjxiqmkw8C4MDP6ilGDw-2FblYbOB3cY0UWwYcY3oQXuDA-2FkjLLtjFmuYH7m8fUMq=
vysu0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Orix</a></=
b>, a Japanese financial services firm, to launch a $2.5 billion Japan-focu=
sed PE fund.<br><br>
                               Boston-based VC firm <b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzVHkXLLP2UoXyudFAo6UGSExYBgbxT1bn9P7X1MGr8fPg-3D-3D1cqZ_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFvR5-2F4m=
qVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLFFROL1haqyRwO4p88TerSYWdB5t0=
c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2FNjOn2dVf0UsdXQOVdQRjtBcdpS=
rZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyMrpaJu-2FZpXsvxD6KVCT2uwoQ79=
kg-2FqVYGfRIiGzzMBFILwM-2FT7KUsbPdQBKw-2BqNRxJ1YJb2AHl8jj3usV2a2wEeUCiyZ0fX=
FgmvLEXOScUfBDQyOLuhPxZkE0gDnANOxUh4oukL74gjGofTJNEQuakf9IHFIpnORVOMvHzff4X=
VNFJw-2BA5ftIOS4elZjl3z-2BC2QfiSBlUTQagMpHIF8s007Cc4JC9CUepLyr4lQBArvkKGujJ=
4dNNjY4o-2FMRqHNGmLhr-2F0bAD0qD71cUfvbPU1Lb0LBWfPOOQ8RYk-2Foay8-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">J2 Ventures</a></b> close=
d its Brookhaven Fund on $250 million. The vehicle targets investments in e=
arly-stage, dual-use technology companies.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVHkXLLP2UoXyudFAo6UGSEaESLJQOw4=
iuaExuX68-2BaeQ-3D-3Dih7y_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFvR5-2F4mqVh649pNtSrkTOQD8MDjli6IrZQ4Y9Zvpy500LZNNqmCBcLF=
FROL1haqyRwO4p88TerSYWdB5t0c621HdaQ-2BiyMm7gK-2FDIvSHr1v7-2BhWOFawiKPkd9v-2=
FNjOn2dVf0UsdXQOVdQRjtBcdpSrZfNaYnoM3pxU4yLAQG1iZh0GSEeMsStoNV0JKWCa-2FjPyM=
rpaJu-2FZpXsvxD6KVCT2niam-2Bgu9n2op3aTleuTOPF9irPoL-2BEx6ghvN0wA-2BlZ829Z2P=
IO3creOPI6-2BeKglfh4Xlr-2BXcL1bhvUvfw8Smsb1fPyfQJ0lV-2BIRC6OtQsIk75V2w-2BDQ=
GQ0m6CU-2Bk7ZRN7V1itGN7G7GDIV85ULNVRu2VGIdfN6n9-2BRjjXooNm2VymLr81cI8AkRIM6=
caYqL9KU2m-2FxrZEiTGQUssYw67JaI630RLoXtkFT-2BvVX6XbNBpCEQA2VhtdeZ0L76r4xfNL=
RJ-2BBr1Q4CloHs8nAnmACE-3D" universal=3D"true"> <img align=3D"center" alt=
=3D"" src=3D"https://img.pitchbook.com/news/71303.png" style=3D"border: non=
e; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
               <tbody>
                <tr>
                 <td>
                  <table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0">
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                     <td align=3D"right">
                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
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