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Subject: Kim K's Skims shifts shape
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574645" id=3D"n_574645" 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;"> Kim Kardashian's shapewear bra=
nd Skims to go all in on brick-and-mortar </span></td>
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                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <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>
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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 =
Rosie Bradbury, Senior Venture Capital Reporter</i><br><br>
                               Skims, the undergarments giant and brainchil=
d of TV personality Kim Kardashian, said it wants to become a "predominantl=
y physical business," signaling a massive departure from the brand's direct=
-to-consumer roots.<br><br>
                               Skims isn't the first high-flying DTC brand =
to expand into physical stores despite originating as an online-only retail=
er. Companies like Warby Parker, AllBirds and Glossier eventually migrated =
to brick-and-mortar=E2=80=94but not all with the same business success.</td=
>
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%;">
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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-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH5oUzHs1Z=
8s6wx2Fysw-2BC-2FXQ-3D-3DB-go_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6Kt=
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2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDL=
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310rU48SMd9ZzqPmu2RzSlYimypru6IkMFjUcxEg8DpRL9silMgExZ4AuBlhVfCdgY2aCVNsYJK=
mX7s8y8n6q-2BQBYG-2FtEe68dvSQ-3D" universal=3D"true"> <img align=3D"center"=
 alt=3D"" src=3D"https://img.pitchbook.com/news/71350.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" 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">Skims =
raised $225 million at an upsized $5 billion valuation led by Goldman Sachs=
' Alternatives, it said Wednesday.<br><br>
                               Skims expects to pass $1 billion in net sale=
s in 2025. In comparison, eyeglasses company Warby Parker has estimated it =
will bring in between $871 million and $874 million in net revenue in 2025.=
<br><br>
                               Skims is among a cohort of celebrity brands =
including Rihanna's Fenty Beauty and Hailey Bieber's Rhode, recently acquir=
ed by E.L.F. Beauty for $1 billion, whose popularity has been exploding.<br=
><br>
                               In February, Skims announced a partnership w=
ith Nike's stores. Skims currently has 18 retail locations across the US an=
d two franchised outlets in Mexico, as well as some lines sold at Nike, Sak=
s Fifth Avenue and other department stores.<br><br>
                               In a challenging time for ecommerce, Skims h=
as stood out. Two weeks ago, underwear brand Parade, backed by consumer gro=
wth equity firm Stripes, announced it was shutting down. Parade's marketing=
 strategy was similar to Skims, emphasizing social media and products that =
catered to a diverse and youthful clientele.<br><br>
                               The divergent path of the two undergarment b=
rands reflects how uncertain even seemingly rock-solid business strategies =
can be. Many VCs have responded by retreating from the segment altogether: =
Ecommerce VC deals have declined markedly in the past three years.<br><br>
                               Looking at other DTC companies, Warby Parker=
 opened its first brick-and-mortar store in 2013 and now operates around 90=
0 retail locations. Its popularity may offer a model for Skims: Like eyegla=
sses, undergarments are a product that many consumers may want to try on in=
 person.<br><br>
                               Meanwhile, beauty company Glossier opened it=
s first location in 2018, but eventually shifted its strategy to also sell =
its products through retailers like Sephora.<br><br>
                               As for sustainable athletic footwear maker A=
llbirds, the company has closed several store locations since last year to =
focus on online sales amid business challenges.</td>
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Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1F=
mn-2BPaJBOU3LzfopEzDBfeYBVjg-2FSqQliCCeQKQb5lh-2B1qhJQuQL-2FC4G-2FVdyHRaaVs=
XIOJsvtpXhyBSA05hvcJfYukxU8j0HtNFigtB0MLjqmHBFw4Tit06wC1ezONjYe0DGPt4-2BBh5=
V5NlxdHIHHgAyCr1FNe-2BTmiBAGZrHDQt1N5YnznynBNmP6nFeRrGOCGYB9K5sfXDFnMklWs7z=
NEfsKtxnPnhu-2BIkGDpXyTwR1HPK5x9HPOAiu4KyrSDF2OXUZhD6eNIjtxQkXhhdggaoW-2B1o=
SiwhXAt6zqddg-2BR94-3D"> <img align=3D"center" alt=3D"" src=3D"https://img.=
pitchbook.com/news/71310.png" style=3D"border: none; max-width: 420px;">  <=
/a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>Private capital firms are entering th=
eir most challenging environment in over a decade. IPO windows remain unpre=
dictable, M&amp;A activity is selective, and valuation pressures are extend=
ing holding periods. Meanwhile, LPs continue to demand liquidity and transp=
arency amid constrained fundraising cycles.<br><br>
                               Join leaders from Northwestern Mutual and Ar=
mira for Affinity=E2=80=99s 2026 Private Capital Predictions webinar as the=
y discuss the market forces shaping the next year=E2=80=94and how top firms=
 are adapting to stay ahead.<br><br>
                               Key topics include:=20
                              <ul>
                              <li>Market outlook: IPOs, M&amp;A, valuations=
, and LP expectations</li>
                              <li>Winning proprietary deals when founder re=
lationships drive access</li>
                              <li>Supporting portfolio companies through ex=
tended timelines</li>
                              <li>Turning AI into a competitive advantage a=
cross sourcing and operations</li>
                              </ul><a href=3D"https://url6380.news.pitchboo=
k.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFc=
d-2F8qy4rtWzKgAToH5WLpdruwjhw30aiCVjPAnAA-3D-3DgfN7_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGP=
bfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7Y=
kGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-=
2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRYFdvu5tnMr9L6Zn8sSN=
LObF4cLGo5deICqd1axaKU7CdM22ehIIRplLUUXyGOCoPDwHjYFSevhu8z9bjPpGSzOkFDkMoed=
-2B6w5oaDQ7Wud-2BbuR5A3UJqAKHoZvOFYGp5qroV-2B0wc-2B9qldbHi-2FBqn2o-2FdfsaaB=
6O4HkFjC2qJmLJCOIZ207ucAtd39c1ddTDm1D4IIhe-2FX3V-2FceI7-2BTtxILPx21Azq9Y4rl=
V7QMRUZpFZcIpVSo7lIHL8I1b5a6SKo95Jgnu4jJTDFzpuZBESo-3D" style=3D"color: #1D=
5080;" test=3D"">Register today</a></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
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                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <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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                   <tbody>
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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>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
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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">=E2=80=
=A2 <b>The US government shutdown may have ended</b>=E2=80=94but the damage=
 to the IPO environment has been done. <a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzWloFcd-2F8qy4rtWzKgAToH5bv368oquVfk-2BNBlhJksCkA-3D-3D_bBW_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKX=
Y-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzB=
Swp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2B=
HA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRYFdvu5tnM=
r9L6Zn8sSNLPnAE0xRKedBm7DNblXhFu1fUceKdh8kuWhGFR-2FYDbyz8l6C0RLivRkg8eYDNF0=
EiZYJHDqqZsMApxB6Cfx4t5EFUjmuW7bHkf8vI7Aw9NfROrCRSBk9XzyMbLP8IJIPtsfuYYwGAp=
0ukIBa8Wfgcpa3CZU9s8B-2BybtDj3BpCloZ-2BuZPyJg0VCJMGMUFDywA6eilz46RYqvKRX2z-=
2B51uaGBwpIDVnKRUIX-2BP15k7QYeIefbJZegLYAOeFl9iTaNTts-3D" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true"><b>Find out more</b></a><br><br>
                               =E2=80=A2 <b>Just out: Our Q3 valuations dat=
a for public companies</b> in the foodtech sector. <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH5-2BzDV9rxU0FpqzD4CwCmmBQ-3D-3DYnls_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnP=
A03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOj=
mMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr=
2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDB=
feRYFdvu5tnMr9L6Zn8sSNLMLfiFwy-2BFGXrsm6-2FFqFuZ1NRuHth6PLOzpEl-2BD8LBfacy-=
2BQ-2BTw0sxYxjKDp2bQYbmRFH0Eue9JCaRgdFEK3teI5xIwkMN2X2XN31Lg0a9DEv8kY523UMQ=
glT7bHCsm9pZILFt0XvaxPBArSvt9DQcqlYQOFjmSECPf48T2BdS3kNpE71ZdPgjaoYLp4XNk2K=
JCZuPeELId4sHoYmCwFuOWtUwpM9eLT5m43eP9LGiRplCnkE3DjbWLi3xCStJmEcg-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Get our analysts' repo=
rt today</b></a><br><br>
                               =E2=80=A2 <b>Many investors are holding back=
 as France endures</b> one of its longest periods of political turmoil, but=
 the maturity of the country's private markets is lessening the impact. <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWloFcd-2F8qy4rtWzKgAToH55UfGVWtVOl0oBYX=
zJ595ew-3D-3Dn7sF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe=
1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa=
-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn=
-2BPaJBOU3LzfopEzDBfeRYFdvu5tnMr9L6Zn8sSNLMWxwQwOaVGC7nq3WjusA1ZSNJ1wi0nhHI=
6T2QJXSFZAzkiI8bSpUDDLyrhi1A5CzhOXp5Lfft4J7-2BkPKx3Nbnw02vIJL07sUiSYTKlfrX8=
5w6YMvH76fKEoa3uXNu8SmdOutGY9CcqrqIJJZOgjZo-2FVx6y7F8S1GNpG7HdlHDsaPXQEY3-2=
Fyj68gYBK3dMX05BN3r7fzAPs4tWzkbASKLL7cg6I6N-2B-2F7Cpi0ocf8doFuFsG5mJPvDGr6D=
BGSaGBLRg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Rea=
d more</b></a></td>
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                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
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                  </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>
                 <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%;">
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                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
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                      <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_574642" id=3D"n_574642" 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;"> VCs bet on AI drug discovery t=
ransforming biopharma </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 =
Ben Riccio, Associate Analyst</i><br><br>
                               In 2025, AI-native biotech startups commande=
d a 45% valuation premium over traditional biopharma, according to <b><a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwtjc6iWNyLvYSNNPJZ=
pMCQw-3D-3DpoO5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V=
7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2=
BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2=
BPaJBOU3LzfopEzDBfeRYFdvu5tnMr9L6Zn8sSNLOFVaK0S4WoqoMflsnWWUMrNiWMVu4ubTfS7=
gXFd-2BGqykH-2Bgi5J0WfiYrJ0r-2FReQNiOXWFqw7cI3de-2Fe7vlJBcSEcSr3qGBiR5aFJA0=
0cNI3ODQYnRSQzaoZD-2Fg0zlllMak-2BGbiLtbfQ2dX9EbphHHCbzFQBCtChhRg-2FIpMuoEvd=
k-2BbHYMCUzgqYuL94seZ5JTFQJgEgUNQttxp1LBI6Mn4xj5xXHrThFyGvTw9dbAJVZJAfCzL-2=
FlZ-2BXbXnx-2Fg7dS0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">new PitchBook research</a></b>. Leading drug development upstarts Xaira=
 Therapeutics, Isomorphic Labs and Generate: Biomedicines have emerged as s=
ome of the most well-funded in the sector=E2=80=94surpassing $1 billion val=
uations within their first two funding rounds.<br><br>
                               Investors are betting on the promise of AI t=
o transform the traditionally high-risk and capital-intensive nature of dru=
g development. Startups in this space have raised $2.7 billion across 101 v=
enture deals in 2025.</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-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwusZqtIh=
W8Jw9oFtuKcFNaQ-3D-3D7wjc_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP=
-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNN=
En8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-=
2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRYFdvu5tnMr9L6Zn8sSNLPGg2x9u1B92Gw8imT3JmpS5Lb=
8OLm6-2FIR4SzCjoXJ-2BWqffbquyp7jtD2Vdg5XReZw2nSzygsTzG0EEd3zEQj4N3ecd86od2L=
CdnKl3qfe6MVz9TBrYUyt2UmGYAb1nfWl6co-2BromIABf6jY6vp65vt3YlwW-2BXLZnpo9Z9Jo=
6yOtkJWbOhAxIx6ko9im-2BauYHpv0AqijNTcSj3LyQ-2Fg3-2F6cAF-2BpElk9ALbJIBBIvG-2=
FTI3GrcM4yflsSP76HfBB5ILY-3D" universal=3D"true"> <img align=3D"middle" alt=
=3D"" src=3D"https://img.pitchbook.com/news/71354.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></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">New to=
ols are improving the discovery process=E2=80=94identify promising drug can=
didates digitally rather than through labor intensive lab experimentation. =
Meanwhile, emerging AI models in biology, like DeepMind's AlphaFold, have d=
emonstrated strong predictive capabilities in protein structure and genomic=
s.<br><br>
                               Frontier applications are now moving to "vir=
tual cells" that can simulate the effects of drugs before entering clinical=
 trials. These advances promise to compress development timelines and de-ri=
sk drug discovery, though significant challenges remain in the quantity and=
 quality of training data. Lila Sciences' $235 million Series A reflects in=
vestor conviction in this emerging sector and the value of pairing AI devel=
opment with large-scale biological data generation.<br><br>
                               Big pharma is betting on AI biotech startups=
 as well, inking multibillion-dollar partnerships with companies like Manif=
old Bio and Algen Bio.<br><br>
                               Despite these early achievements, AI's ultim=
ate impact on biotech will depend on how it improves clinical success. With=
 multiple AI-discovered drugs now in trials and more expected in the coming=
 years, the technology is approaching a crucial period of validation=E2=80=
=94one that could reshape the economics of early-stage biopharma.</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=
rf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwusZqtIhW8Jw9oFtuKcFNaQ-3D-3=
DDb7E_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3=
XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzOR=
TIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4=
HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3Lz=
fopEzDBfeRYFdvu5tnMr9L6Zn8sSNLOOIv7O34pMrqjKrspWO0jHvLWLxJ6E3HGgUSOeYFokO5h=
g9hO9GgmG0LT3c0KAXA4EKBmtYjT17vyTRXGtVnFgzolvEyNNbZ2-2FOraShvypELXtn5R0UeO7=
QwR09-2FeH6syUPIN2r9Hzcr-2BzaK7zB8Y8FPaKAJf-2BgjUBBV5FJAwYP1akMD1CHUMpMuP98=
fEuuaeYGMgTMM50-2FPzVgILb98GAzXz1VQszgjM3dDTSro-2B-2Fst0vHVffp8rObGntQqRN4l=
Q-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; tex=
t-decoration: none; color: black; padding-left: 3px" target=3D"_blank" univ=
ersal=3D"true">Dig into the research<img height=3D"24" src=3D"https://fonts=
.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middle;=
 margin-left: 8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSl=
DOz5JqVeAw7W5FwI-2Bf-2BqpBnn6KYbIWYw-3D-3D-3ly_Pr966knuaHmaw6c7pKvB-2BCEiDn=
j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLw=
OUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZ=
P0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172=
qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRYFdvu5tnMr9L6Zn8sSNLObiE=
-2FZr3AQEcmeShzl9bnuFa6cmAeEKFaOltSkjzNgXjSo4h4xkqV6QLGPnY3830raDTziUzLCDIP=
wbL-2BuD-2BnwiR54b0UhM3BPEyJclqzufPJgG5tdhLr-2FkKNB0DjqKTQ-2BSRvHhYiN6mIWTK=
BlVkUycEWUIwUh9xeMFl69Tp5mJAAbCpbdaj3LckyzgoIyn-2FMP8nPfz6M55ZFnBPme1xK53D3=
N8h8aCsOUeksziP5IgL22-2FT9Bjoxv7wa0veLOtJU-3D" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Q3 2025 Biopharma VC Trends</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>Last pennies roll out.</b> The =
final batch of pennies was produced at the Philadelphia Mint on Wednesday, =
but the coin will still be legal to use despite its manufacturing being dis=
continued. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwtBX4=
UdEheqv-2FV1RTLoaP7A-3D-3DDfHg_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6K=
tD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz=
-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnD=
LKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRYFdvu5tnMr9L6Zn8sSNLPL-2B7Tsws718sQ3UpgY=
FVal9-2F80K7ARDi340Kn2pVFGHz9BxNbtD9MdkGWSJG95DNfiLwIDAzQcEvoyH8de9JZXLBfWD=
9o4ibBhKVVYGIysEUjgvpMVMW-2FjyBT-2BHsD8-2FRhnx0AhrudWlPGsdhxX97ELMz-2B68hQv=
dmu6lIOI7YcfU-2FKk9SGTwgkdzLD1Q3Vko8zX5CAbOIMSBlcDmOHD0JAzL6CwUpPjceR7DDTOj=
ZSRzdcFOqPY5RdsbLNpUOUK20k-3D" style=3D"color: #1D5080;" test=3D"">Bloomber=
g</a>]<br><br>
                               =E2=80=A2 <b>Meet Land O'Lakes' AI tool for =
farmers.</b> As farmers in America face pressure related to tariffs and lab=
or, the crops insight division at one of the country's biggest companies is=
 piloting a solution.[<a href=3D"https://url6380.news.pitchbook.com/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5=
JqVeAwocuSb3-2FigJ9MxyXk1vnVIA-3D-3D-Ifn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ=
YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc=
-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8=
cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUg=
JW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRYFdvu5tnMr9L6Zn8sSNLNtspKvtqLl=
oEGMjX8vl90lr2-2Ba09GqA22tvjvr37R5cygf1BiGoskM83fft-2BTC-2FWEj79I8206juUEf5=
5KRwzFxpHT7xw9MDKjXEaKup3YVS5Ul9bBy4RMwRZ1nCy-2Blpb08rD-2FP0hOftzVbnHCv1RqE=
-2BRwc6GY5-2F56NZaKU0p5kYp7gQpomjRGuXQfObGBdlP4K8q4dOZqBS33kxDaftMhiUBoATXI=
y2T905DNbpvZcvL-2B0bd8CErWRA21C-2BE-2BLfsM-3D" style=3D"color: #1D5080;" te=
st=3D"">Fortune</a>]<br><br>
                               =E2=80=A2 <b>OpenAI's running costs might be=
 even higher than anyone realizes.</b> A look at how OpenAI uses Azure, Mic=
rosoft's web-hosting platform, and what those costs say about the company's=
 other spending. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVe=
Aw0I71xuWTHrkOysGWez3owg-3D-3Dpl_E_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP=
-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDd=
RH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgzt=
IgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-=
2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeesrmB9CCJRd13QJZfCkKD5J8L09d-2B5Ho-2F=
H3DkG-2FLjIvq4rMdWkjDv6xWkkBglezaB8ZKMUvYPFM1v3rL3X9zmWH6Y2PE8kme6T8vLlJxR-=
2BJITD5EyVPGlkDRJhkBNHj9-2BIIVgf3eDCVFve0q8JH-2BxMzthUPCjejCDzfkPGkjknSyR1G=
TmYu8a1rOPv0U4KCVNKUgtTwFPBov2RavPsBcQM6TVkAkfarE3ZKCmON9MwKJ0npb6pjxomL8A0=
MaF0twOz0q-2F9pQOn-2FUuXSYhZCazU-3D" style=3D"color: #1D5080;" test=3D"">Fi=
nancial Times</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwFLJf8d06eIlO2xo3RdFTLQ-3D-3Dp=
Hai_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3Xh=
rdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTI=
OUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HE=
efpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3Lzfo=
pEzDBfeesrmB9CCJRd13QJZfCkKD5LIi81Kz2U5DyQP7YqnCTkb6IvuoNupgTg2a3IaJjRcAanR=
A9JGkcLzC2UlJ7b8rqzx8H17X5AabFnAeHnIKsFRFXo-2FIf7HJaoK41-2Fqjpxmg5Hjd753ceA=
7g7RaZeq4M3vHOHt4Q0Cwj5Ctm7k95mYcARFbVLc9HLW2qXUSXZ3-2B52W41Cr0yKhLj3PLfVnr=
iZXpTB8zKS9OoJfQGG47gj6YcFicuQuBRExcdN12QtIEg2E1kmbmVusZun3Dri-2FnwM-3D"><i=
mg width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4363/460x120_pitchb=
ook-banner-ad_nov25.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; bo=
rder: 0px; display: block;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"width: 20px; min-width: 20px;"></td>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 24%=
; min-width: 24%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              694
                              </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;">
                              2553
                              </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;">
                              936
                              </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;">
                              28
                              </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-2BaqM7ONnvsnswouzVZiK-2FDcOZkSlDOz5JqVeAwc-2FyVflRf6NmHf6YZ5992dw-3D-3=
Dz54t_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3=
XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzOR=
TIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4=
HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3Lz=
fopEzDBfeesrmB9CCJRd13QJZfCkKD4Hrljjsell9RatiLpzSiVJJ1qxnr-2B5SMWWIqs-2BVT1=
OuAceK8CvAKJU5pWPKI-2B37QNYXSmT0AVPRRhd5kg3Ga8IRULwb5ODIq-2BXahsEfjXBB4O5F-=
2BE0YJdPM99gyC5j3AD995H4Na9KutQCzl9X9f4oWtMXkG3sIyi-2BGXBWhs9Rqb05UKEPbRaBy=
AwckkvGV02OR6Jopd16YNJHdjlt6kCaLt0YxYPnYbc5HfhhXe02nufcnmWVbIxAdaJtpdKemAs-=
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_574636" id=3D"n_574636" 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: 2015 Vint=
age Global Real Assets 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: 75.85910652920961%; mi=
n-width: 75.85910652920961%; max-width: 75.85910652920961%; background-colo=
r: #1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">8.83%</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&nbsp;</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">11.64%</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;">
                              0.88x
                              </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=
swouzVZiK-2FDcOZkSlDOz5JqVeAwwgm7eOnar-2FtwXwNpiBTTyg-3D-3DAahO_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTET=
KXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8if=
zBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-=
2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeesrmB9CC=
JRd13QJZfCkKD5QhzDCVIt4Kp-2FSHgMDX9t-2F28kf44Hv3x4aorZHX9XzwQStlndbfZfQw-2B=
jkcAAB185goaJnaFWwJlp1rAabUlq12AZHqsrp0ZM-2FP1iwQIyVOIpRgSgqYWs-2B0nCL5TmcJ=
k2YCE0KqclcOpWkkP-2BtWO1lENs7FyrdluFyc0-2FyTfBTYMyVoMyW9vLtMGl0AS1kwQGvowv5=
UNwUJcMRFg3SCS-2Bl5Q7xzRpDqwK4lbA3Ok92fnBKibLt36psbyancKj6MAo-3D" style=3D"=
font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Car=
nelian Energy 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=
swouzVZiK-2FDcOZkSlDOz5JqVeAw-2BQnOxD0N6CLVdf-2BLOx478g-3D-3DTg3o_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRT=
ETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8=
ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNT=
l-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeesrmB9=
CCJRd13QJZfCkKD59fpX7-2FMkth5WHR9-2BhwW-2BFFs5Ph3hWCPzbgC6W0k0xbxrR1Kuin2Ej=
5ZRopT5RSuo7jQ-2B2qIVYPXW9xKwx5UaPVMGKMm1xm5KIdBznZLPYKIpLdXCLGTuwaVN9eQgPO=
wngc4qIuxm5pXbxY2OPYN4xF6cmMNbM-2FbSPD154Z319nObm7LerF-2BPgcfFiJC7REQzHFIXf=
2xc9jYlabLilsAvsngIWriFrgSeJAZ5Lzi7R8V76791OA3vfMFWh6WGKxdE-3D" style=3D"fo=
nt-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Equis=
 Asia Fund II </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMqoi609YUrLWrWMJSeGpJsA-3D-3DBb8F_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTET=
KXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8if=
zBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-=
2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeesrmB9CC=
JRd13QJZfCkKD4HsDABrP-2BA7OCSCfCgTKC6fh3h-2FvAvw3skQXUJ1ChxCyMLQn7tbKLrU5Ic=
F0yPpFw5eacYzOWBDHTiGXh36B74OKJQcIsLinqTZTSfeb4cppExTYLD0IdtqBHLxg158tGxz95=
2K8iZiGbjA0SjhENyquHIrrWL-2B40IgcTh0D4P58o2v6VZ1ZUzZHsqLZMtidnugQHVTpEDwNVj=
Kj9rH1QEgzgYJNQoAHIalmzlVu3r5mNxNv2xLTOL7LElR8DwUn8-3D" style=3D"font-size:=
 14px; line-height: 24px; color: #1D5080;" universal=3D"true">AgriBusiness =
Brazil Partners 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-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMKV=
0PcXU2Oa3nhejFaSFC8w-3D-3Dgh8V_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6K=
tD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz=
-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnD=
LKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeesrmB9CCJRd13QJZfCkKD5VpCULjARTNDvNA7cCrq=
mx9won25kOFgRTNIZv6Ubt9HPlXl5fM43-2FjmHSqse9p2lpw4fwxLqHwh7yR3y6mOpxd753cTc=
bCMpToIWKFuQsUUP1Q6XIYlr357F-2F1qPQWS1w6bqrePl3Wqee4PBqpiD7dIIRfDfsu38CvVRv=
aAtLWIlooNv8pFt9lemtGUqhoVsgSUSICtDRU-2F6a5m7Qr4glY0-2FTCngHYGiujg4Y-2FxI4j=
N92jKB0y3Ode-2BwHHkCzAsU-3D" style=3D"font-family: Roboto, Arial, sans-seri=
f; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" u=
niversal=3D"true">42 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-2BaqM7ONnvsnswouzWH-2FPD=
wZhnjCl3DJ-2FAJ0ptMWIQeD9FJXwRARBXjbjwFmg-3D-3DXXDV_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGP=
bfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7Y=
kGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-=
2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeesrmB9CCJRd13QJZfCkK=
D4CCDlgEFaUnz37mrd3mqxxCycmJd9mQk9xUc-2F3oOv-2B34Zo-2Br9j1AJn7PkOeB3MfIKh-2=
BWNT15bSGC6D5Bz0J3hWgvztz7jhyEK3E8s-2BeEqjN8P5Y5KdE0TdPqlulzLaeZBlyhrWitzki=
QdGVfCcA0PH-2BCAN5SCItaCRrdvg6lv0Yd0kB-2FwxlOQINU5ligT9uKx0Cg5COUvIVl1Z72E6=
byy1HyqBuKdsOrduUKDf5-2BgnNga6fVtl3ANBKPWXcgFePZI-3D" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMIyfscshx1QJPi=
Wztx7nCUw-3D-3Dio-c_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZ=
he1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0=
Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1F=
mn-2BPaJBOU3LzfopEzDBfeesrmB9CCJRd13QJZfCkKD4ZHPP15qav6KAxjctp6NCDRY7ssdFeA=
DFfnq949hgRtTbY-2Bo0lDIKAK33vKXPSSNIaIZ4O4N470nDfx5B9OxjN1QHzn7d-2FBdTBMXoU=
nyO8ml8KrmKdDSHVNnOpNTcKIDzJHsusQ29zKjcFxgatLFTjqrKiBxd2g3fiYl-2B3JcDxnL2SF=
e0gNjPFBOWzt8S-2BoglLJWefcWx0sNJre2KCNkMIxbzEMEA87WILR-2FZL2E6RQWRwpl-2Feqh=
IhGTzk1q6qTZo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">D-=
Matrix</a></b>, the developer of an AI inference platform for data centers,=
 secured a $275 million Series C led by <a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMYe3i5NpxEeDzsI0hgiUiAA-3D-3DCNdX_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETK=
XY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifz=
BSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2=
BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeesrmB9CCJ=
Rd13QJZfCkKD50bnusyI5pdn0pGaP4SX7SJrk-2Babbv0ocklbHjg76B5avJylOj3Y3-2BzoHXw=
o3DDKz1b237L-2BGuihZ1RDhJVlB8cYBqE0qd5IkkgVzu6ulzvuCfEIGT-2FVgQg-2BLXT0r4VW=
Oybw97KztVTPW35OgRIL5wQv-2FdSZc7Z3dya4TUIxAshTXsdDjA-2FLoz9lqE5ToG6E1rpszeZ=
iheGT9tlydtkCxmDjmziIeeG1vhOreDe1YM5eI4TK13MuujDEg0JiLD1cI-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Bullhound Capital</a>, <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptM75tG5RLVDKoHzy0sC=
CCHuQ-3D-3DIy4K_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V=
7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2=
BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2=
BPaJBOU3LzfopEzDBfeRZVzOiV5t6gwn3ryOCCI8sXtSsngP-2Fvsg-2BSjKIF-2BzhXTBy0sLX=
sai0k-2F6HpSaPnQ-2BVdzCXs7lO91-2Fde61Y2Lol9x-2FyAcSPxkNai2PW9RuF3iDgCkV-2FZ=
5oyMAiVKuY8a3kyPq8NZGmE4R3BwMnHvVQOmPFdfL-2FtxXiirF-2F5fFulDcbWDvtQODBkiNya=
oTnTwL8iTAW5-2BwHPtWBNrblt7wQYE8urDPtnDCjSDmmUCNN1xvuMtr6A2Vf52ln3IyveWEAY0=
RvbuQTtvw-2BfGQ3P-2FBrQ-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Triatomic Capital</a> and <a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
WH-2FPDwZhnjCl3DJ-2FAJ0ptMhlOeJqFoq-2FYSJYZ5B3OjFw-3D-3D5IUw_Pr966knuaHmaw6=
c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY=
-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBS=
wp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BH=
A1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRZVzOiV5t6g=
wn3ryOCCI8vfJdKNoT4GIWPg9DC6KNaAIT01FAkiiGrkHQxWx2ZAcrtyvpWRbPuVcCBbBbXKtUR=
h1fprp1rnTG5JKeerVYv3uqWZsTt-2BnWThBQnaRcaGXO-2BgATcPCfe3AKMfJTjKHpgTJgMxgH=
ObXyyqFudLtpUfLM-2F10lqQiNbbBSFpVmb0GILcp-2B-2Bx6He4mWyusIdOhxRwD6vvf576orF=
Hf2kUAdc3RPNoZMgcZRBIbj9QFlIO7G2QaipJA0w548PQMqj1cCA-3D" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">Temasek</a> at a $2 billion valuation.=
<br><br>
                               Boston-based <b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMx-2Fxw-2FWhfmdpzBO9aWCBUQQ-3D-3Dn9Hz_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnP=
A03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOj=
mMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr=
2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDB=
feRZVzOiV5t6gwn3ryOCCI8sGri9XaOxZaWad23FIWOihhonPqaeqHb-2BWsU6UNYbS3KcRXFyD=
Mosag3T1SNDsEYGtqVNg2MUYPnTz1lV3cdbQTXrtPUhNKX9OxXTguIG4-2BEJLqNvLia5LDe4ob=
9skSD25Q8hqkiCG4o0rfCwdsZ76IDylAERjuXxhl8WZoN7NFCu-2FD92H0qxnb3v5mhkY5m2rrC=
FCrPfj8UidyPgQ3F9NrVAcBvw5yBCIJjn21vxLlHNAonN59L-2FwGGut2dkMJnY-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Teradar</a></b>, which de=
velops sensors for self-driving vehicles, raised a $150 million round led b=
y <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWH-2FPDwZhnjCl3DJ-2FAJ0ptMFWtA7VrB=
epc9FNsNYVzazQ-3D-3Dui3z_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-=
2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNE=
n8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2=
Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRZVzOiV5t6gwn3ryOCCI8uCgIqz7ZXXnzZb12zkgYYA9OVF=
rp-2BJwT07yecFhk4FFdALDcy8aNMfqC1VklMR5v0D3GPmlplbqyX9IVwWG8nEhyQUPFX6r3cfn=
sNl60LQ8xrRh4moZHMnaOkBLs6cJpaLUiwoVO6lgvdOnR7hfe-2BIo9ftq-2BEVTm12NXN03O8T=
4Sm01VKeAkLNsGYhtLPyoOtGDl7sn-2Bxjeut25hHOXcbMJ73p-2FAspJsPMbFt-2BLWELLrfb-=
2B9iAu-2BYLAJjsrt1pllc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">VXI Capital</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWH=
-2FPDwZhnjCl3DJ-2FAJ0ptMEj38iY0lDrwRD1fx3eo9nQ-3D-3DuyWI_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BL=
zYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V=
8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JE=
iAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRZVzOiV5t6gwn3r=
yOCCI8ud6XJ6FLPAFbOU4BlBfx6uC4cx9cc4Qf5q8rCFuxuFC-2BtUta8SpFN6VhvXkpS6JcExl=
oWFE3ZH5j-2BwCfx9my4Sp63kTEUzDkbAlxhxjJviEM4-2BUlwa7w6TGqqFlodnFVmvmZIU9nUP=
faHIY3y7ZHNNHRgX2zaUh4NyCidxG5DKw-2BYQUa6H-2BgpwZgZTLjnbwO8uUWgcG2k7HdrzO91=
-2FD26siBvLT-2BeSsVd9UtQl6p4L7a-2BF4o9id-2BM-2BuY2yWdWnqMc-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Parallel Web Systems</a></b>, a =
startup founded by former Twitter CEO <a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzVi80lHXNVLTEX4M66G7MwElrI8Ye914390QdeveZpyxw-3D-3D8pJ7_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BL=
zYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V=
8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JE=
iAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRZVzOiV5t6gwn3r=
yOCCI8vuL1tHLAHgB2MqalQ75YTXa78FwtV8-2F5e6dejjYaIWchaKm1Us32Fpol9YHxRz2V2FW=
CWmmIwL88JToXFhVFIen9bO2NQKWiTxBmyL-2BP0D76-2FuBf8uQ10NABCizX8HqhwZFu1lkBlD=
DSAdxJsTXh6r1fYTZcq6XghfOhpWwrpinyRflyyRVLFqpOETcc6mpujsZtJMA9eQ1DPfrhDHHcV=
udI639pr2P28I34-2FMHNZ5C2bnFGSjjIcOeHTR-2Bx-2FsEJo-3D" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Parag Agrawal</a>, raised a $100 million=
 Series A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click=
?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7=
MwE5dlxWm4sNjEBIDPPOIYmEA-3D-3DeUAn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiD=
dRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgz=
tIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4=
-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRZVzOiV5t6gwn3ryOCCI8se-2FYals8EZ6fA=
wSg65ESs98notdMSLMibtXi-2B85oCYF1rHY8cmCJN8YxFBU6-2BbkoRR-2B10gjpKnRflG5dF2=
8W3o0dWBxIjP9hMFW-2BfF00fORSGrAB-2BqBVQWDb4rlrG-2Fw34rTfYxKGRVDXwQPizOWdlrp=
JWdi9UbcWnCX2dexlKvnq7l3AbiVziILypbsjsJhJxK-2BF9KA7qH7auawhCkvMaCref1Qbbrf1=
w5EfKFPsSxoK8RRqro0kgPGFNTbzCefXQ-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Kleiner Perkins</a> and <a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzVi80lHXNVLTEX4M66G7MwEPE-2BXDg0bMHsVbXG35rEc2g-3D-3DZ19J_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETK=
XY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifz=
BSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2=
BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRZVzOiV5t=
6gwn3ryOCCI8tYNOk7oLpvRWFjcEtvCLHKcBLgY2uPLZ46kLHbUu0K8EKuOC44NpvMpptOUqRHK=
AwFnxarTZGsA2AvjW-2BfO4WRd9qO9BPWk20ALnYmo1ELLb2RJ7igPACITFij1FO5xZa7slZbIy=
D-2FwcoiKRb14XxbOMedpw77vyo5KW5RmeTOQvQCZbIGm-2FQaqMdED38Kw098-2FTPUXxTLFF6=
gHe-2Bho4cimY6XA68YgxJLKnYqF9f9LUU0y2uiNzgzcdAbIZnvA5A-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Index Ventures</a>.<br><br>
                               Legal AI platform developer <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwE7nfIYMxyVjBhyLnodctRDg-3D-3=
DTXcg_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3=
XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzOR=
TIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4=
HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3Lz=
fopEzDBfeRZVzOiV5t6gwn3ryOCCI8tvLqphmBtkth2UZoRj-2B6Vp2hQTUDqznzC9SoxZJJjat=
soToScIBxhB32X-2B6sqGWYtjsNFJrplIKVr-2F0WlqV9r55BQbM-2BL3apzAx8CD9V7dbqzXP5=
RxTJNvTxD4Aib7-2BVy8cw4eQk1h2q-2FFyyVm8o3KLN-2B-2B-2F9aKU6fiUC8I1yWStuNC6Aw=
Zd0pzUUnCdsc5CDMAAuJY6vMFyhdkwlBGMS4pybtXLGfc1bmSK6xseKbLefJiuV38Mx-2F1eBSH=
7MJ-2Bfq8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">GC AI<=
/a></b> received $60 million in a Series B led by <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwEzLWM-2B9j0OFnaXqMyeudjXg-3D-3Dp_YJ_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03=
GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJ=
JXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2=
o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeR=
ZVzOiV5t6gwn3ryOCCI8sZ-2FtDDMR447DuwUGlGVTyOvXDyCDTdhQXSyEZHHxSrslNFyKO76KJ=
4fz4rOPshSxniX8sYDHOfmygkyBNfsuKt6zFJHFYKH8R-2FkYHvNivTFtpMoH9Q4wpf0SV8Wjnk=
LumauJb9jWXjRcZ0Ea957oST0XZkTtowFJfUfD53xl-2BOr2yub9BdLMNbU9KUMPnv8nC2rBjyz=
Wka9dgXrLcpYDTIXUj5gtI5Gxw6iOLThHPfYU6vbuBYUBMKVTXkldYoB4k-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Scale Venture Partners</a> and <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwE0WQT17Go-2BlmXT=
PjAYiLJKg-3D-3DyJtS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZ=
he1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0=
Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1F=
mn-2BPaJBOU3LzfopEzDBfebrPE2rOqirgJF4Y7FAkapGg4sE-2Fr8KjvwBGvtabgXdpk5oigox=
0DKoPgG0IgqiQWW3W35cXJxngzYHwd-2BCUDBuhgq1fQAJ0dtBcTQMLulKJ9xOVzXCVBVRrtzkS=
VJw2StF2T5DjGsr-2BHaNo0w0TYxH9zydCEUfJ1Zjc5pzDyGSfcGZ-2B-2BZ2P61P-2B-2FIspX=
70HVOLVf-2BDr9T51L9l-2B9Zi7dn7z71y-2FmrxLpuNPZw2kGM38hg91IOTceT2r2PJG9UARae=
2piyQLqx90n02CLOMXMdY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Northzone</a> at a $555 million valuation.<br><br><b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwEnbTK3oDf0nwJSajrf8o-2BWw-3D-3D=
5hJx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3X=
hrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORT=
IOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4H=
EefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3Lzf=
opEzDBfebrPE2rOqirgJF4Y7FAkapGPvx-2B4IuQ6zJ-2F94PORvsOY0Jx97ifgyXvGORz2DvH9=
LWvAvq-2FB8cSmoqqTsIUfjK9xfVsBgrtDAJRE-2BWyfSAS0QvX950BhWxEwmwJBjiVYp3MqyH3=
nGp75xUEuOxC8oymMLme9Hqynx-2F-2FvdKNiZz8hLUHQ0VjijkYEjJnWjcKVQ6H5ilwtLXqPJZ=
mZRWciC-2BUfrRLKi6RmwYCiGzfRVlgn20IyN2x5-2FSdu32ZVCHl-2Fl8ZUwaBLIEaNZkWOpxT=
zFtE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">House Rx</a=
></b>, a healthtech startup developing a pharmacy model aimed at making spe=
cialty medications more accessible, raised a $55 million Series B led by <a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwEp1Qyqp5VSt1CIB52=
TJwpyw-3D-3D2urS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV=
f8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1=
V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-=
2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-=
2BPaJBOU3LzfopEzDBfebrPE2rOqirgJF4Y7FAkapHOr6AILYFARYF8DdxkiTjp-2BY59Ex89fr=
XA9qmBriLNUURPHdF5uVC6zij8OAdsN32SSig51itFq-2FcdA9b2hJ7ATOdk4IjW7HHG0rOsF4R=
7qZuQPhdY409yDoJmn4EHtFBy8rWzOO7dxoiiGQEbSEaKMZNbFJo5cwUNizYw6sZxUZWnnpLI5E=
aOqzxNNTQ-2BGM-2FZg-2F398niWR71CG0-2B-2FRRKEjRDWMAIGj9bEy-2BTPghTeDsB0rPeyc=
p2tuiNOS1loOhw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">N=
EA</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwES=
Rodp5WrxM7jTk8dpM2PUA-3D-3Dt_Cv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6=
KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgM=
z-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2Fn=
DLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfebrPE2rOqirgJF4Y7FAkapGNYdBhgNEWE8HyyhDI8=
tpbvtjR-2FvG3KaxLg9cbHZGl7FHOrnoNpTmGfovIxYsAO4RzrExiUxjfQngV3Sq-2BRY2M7IJZ=
qbnDWu1c-2BmQw-2F-2BXfR8F3laKELYLGssEvniJx-2Bn7eQNOlvB3-2FX6pNq8QhB65kmyxAk=
F0-2FAq0ktINZTKuCU02VUirxmQt692Hz-2BwDUQk6g-2FCrnwt4jPft1XSpd7vuNa9Qo8PDWVA=
98VnWy421VYowFaLb5ejfBdOvPlkAYtsw-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Town Hall Ventures</a>.<br><br><b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzVi80lHXNVLTEX4M66G7MwE5emTthYPYSyci02j0zikXQ-3D-3Dsqkm_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03=
GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJ=
JXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2=
o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeb=
rPE2rOqirgJF4Y7FAkapG3m11enAlCH-2FR3HMMZpU3FnVpC7PISdlY41U81AcNdfy0M-2Bqe5-=
2BO578HNa1porTBhvt0iNSRvko8mEE09f1Y6rAD2-2BFJFlOeNJZ1rxMLUw1sWUMhCU7ArDjNP9=
GwrCfLh1IDAolxXX0zPaEH1Sne5-2FsZis86A38vVUmwlDF9F-2FvreaQbZWBBgvsJoPHQZ80TS=
rIStXsej1hcaTJXJo9jQcQs4LlzSD4VJbvutg0amWg59YQhjw-2ByHrzIIcCtN0L0I-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Tavus</a></b>, a startup=
 aiming to build human-like AI, raised a $40 million Series B led by <a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIro8pCHG2YjfZwf2Kp6-2F4=
PDVg-3D-3DEm3a_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7=
BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2B=
vbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2B=
PaJBOU3LzfopEzDBfebrPE2rOqirgJF4Y7FAkapF-2BNdhwXmNFoqCkK89oRSxQiRcYmHhOJBUT=
2sHKpSDLzUKFrQExQHjWq2sOG70VKkHYTzMnSAuVWO7pC-2Bib-2B-2BJCleHC0cp7CWRXBANt5=
ThW2rjxIzykVhj8iHu8pjxzVp2-2BV6s6mFRwLsyROCKv371tvcVnHSkT6th21S-2BneQyr6Gga=
M9sFGor36rMfLGs-2B-2FgCmZ-2FKDk9eCJAViPFn-2B6-2F33bzbyBI47jPBqjkCJwI39XBcyG=
rQdZI8QY6r8dwJYYPY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">CRV</a>.<br><br>
                               Data and observability platform developer <b=
><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIrogBSW9hJWsGsPD=
vDhwQabZg-3D-3DH3HL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZ=
he1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0=
Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1F=
mn-2BPaJBOU3LzfopEzDBfebrPE2rOqirgJF4Y7FAkapGJA1qE2ZDlfNuBh0-2BdecWYBR2k1Og=
6RdphTpwiF-2F3P4-2BUbAyaiN-2BnvqHivZs0D87Ud5midKGTM9Mgc2NvjikvxewwJEO2HAW-2=
F4kE3lQu6-2BZ6kXtuYzHy9HWSWV1wlK1J6h8Bciojuy5LM6-2FvqabO7Lslxo9bEmf8SbTVL1m=
CBraOYnGKUjYoLnD7OSmEFIrU503KMUtflP-2BCMlBZmCbzCgBUEjbk6zzz889rWg09Ao1n5gKo=
sxmJrASMZHwKxPIso-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Foxglove</a></b>, which focuses on robotics, secured a $40 million Series=
 B led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroR8Ms=
wO34BiKvrIvJ37gitA-3D-3DSmjI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD=
9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2=
BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLK=
Od-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfebrPE2rOqirgJF4Y7FAkapF4RYVS9UcRJ474uiqd81pF=
2r589OTp5QmrdKO-2B0rfw1WoGbQzQY1hZg18I0foY5btvncaTNL6TdzrUHTJfRjS75K0Bc9986=
Qzq5jWHtwYyU89419413QHc9OLTG4SMWxghiK5tRYZn627SRysWuncrSodwjQZrBeVVOQILqi0o=
7VSTLzd-2Ba5c6JOuI-2BSBq1Vq-2BxWExEUCkKekWYRvNlsNnYxiTIc-2BZBW0-2FPoRABX0o2=
upzk3-2Bn7oiGQbLY-2BesaAM4-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Bessemer Venture Partners</a>.<br><br><b>Beside</b>, a Paris-bas=
ed startup that develops AI software for handling phone calls and texts, ra=
ised $32 million in a round led by <a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW=
eWxcvS0lsa5wJFQgGeIroXJNR2-2FVkSJ-2Bb-2FTQ9LKg9Fg-3D-3DVi6v_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-=
2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSw=
p0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA=
1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfebrPE2rOqirgJ=
F4Y7FAkapEbiItG1P3EYL6GGNcoJ0IaaspeDGXp-2FWMB8mFVy7FJUzpRMQfGe43ea2YtF-2BHI=
MFy6zAtTmEQBeZR3Nsakq0wGvaKEKLnL5yL2gn6T-2FVBqICBFBaLa35CNoOe1zxEXdODGJGRko=
Bgifn1PHvRKq72svdADGUZAq2rYE4yzn9-2FRKn4bDrGnajv274T9x0UfExYyRMG0EHOtMF7XzN=
rtTxjFh0xpAq-2BIwRTinubj0rRhKy9k04d1QqUQIq3er-2FVHibE-3D" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">EQT Ventures</a>.<br><br><b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIro8ZZa0KEIp8lvpqtMlPXe-=
2Fw-3D-3DSbNs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7B=
EzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2Bv=
bPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BP=
aJBOU3LzfopEzDBfebrPE2rOqirgJF4Y7FAkapH6pXhOTa-2FHF0GQo8G2zimdB8FW-2Fui9VWc=
Cuz8Fqq-2Byb4joxLdYLFFjHciZYusi22op10NpJZ8MOT64FVCPEiokjsDq3SBR8MsXVd1FfeyM=
LzlOLlY2xHlqRzUkxfuPIJpx93IQbqDLczgbzcEl7SM-2F68Ot1F3NgfbBZVfKzQj3w8M0BPR0M=
ohwjdnv0K18wAYZeKuUzuRtJlr-2FRjbyKjY89xGEg20mo4PVY3tzAzky7fGnsoZT8-2F3PrrN4=
-2F-2FQ3tBY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">U-Sp=
ace</a></b>, a French satellite constellation manufacturer, received a =E2=
=82=AC24 million Series A.<br><br><b><a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zWeWxcvS0lsa5wJFQgGeIroMBy3ZpwXU5J-2FgTSgCWWtjQ-3D-3DCU51_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2B=
LzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0=
V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1J=
EiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRPSW1osLuPP1fC=
4L-2FSvrMz8MYRvaxiWK54WvOwauW0SJhaeo0ii-2BOzoWdiKs8nT4dRgmRgpyc8spmw7vM-2BV=
x3HHzCPdQw0RgLwisBB7TAZbxWUWrMnxcD1-2BO1GzI7GDRBYnC9pX1pX1tYep6Ti68hG2y-2BJ=
bK9xTc-2BO-2BuOqbO4MxC5lDhiSKDxgOrMS8yBOfyo1JhcGutmi1TeY4tkWofRGrSlYWWgWCWT=
G90w5xBYuGZjVlb7zGiHTInGyUhJZ3TgfAs0gzh8a1ujj4IwLbckI-3D" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Indivi</a></b>, a Swiss biotech start=
up developing drugs treating Alzheimer=E2=80=99s disease, raised 15 million=
 Swiss francs (around $18.7 million) in a round led by <a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroOGKn5zIpIOZ0mHBCkWtVpA-3D-3DlNiI_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnP=
A03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOj=
mMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr=
2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDB=
feRPSW1osLuPP1fC4L-2FSvrMwHlW0GQlhLkmILoXDKvIjGzeArFfZzjG8K8ZT-2FsPinumJAPG=
viu2bCyw95QpUGDbFtxaa3atBmgKk9lXQlwHzVYXO4yp4MAtdrpC0Xblla3jPLL02CLaXMIMFFR=
k2JxSVX21dxGcHi-2BlyQ46xuXC6VZmsBeBPeD-2FFjKHvOpsSlyVIe8zdjr-2BU-2BnxpE0jo4=
vuni1MqV1t1Nh4RdcrfFlNaF0orNz6iP5ngJ2pX9cmel8fRLBXEUH-2BViGUtuSb1ILbc-3D" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Ava Investors</a>.<br=
><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIro6MacSW=
74TxwT69ZIEvb8RQ-3D-3D2pih_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9o=
P-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BN=
NEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd=
-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRPSW1osLuPP1fC4L-2FSvrMyna8MPlcJdJjEdA49nClwR=
TMHgGI1Fsk-2BqVvIgQvFqDbiifYyF-2B7P-2FWX04pchEI-2BnweMlkYuwda1YAbBky5LwuXWP=
gdo5fLbCLkLs8SOWxBEkUWIN2T-2FdCTVOd4Pz2LKrF4S0CBt-2ByQlYmiZjLqtA-2BEfxkvnx-=
2F-2FvpGwQt4xblvbw9DprVn-2F-2BsJqqlf6eEbSzt9hiP8ZVQ9WzwYGR2yoBwOm3ap-2BZfhr=
yKY0fLewAkxfjAnPI01jd1SOWEFLksYhJc-3D" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">HRS Navigation</a></b>, an Indian surgical navigation te=
ch startup, secured $5 million in a pre-Series 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%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_574633" id=3D"n_574633" 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;"> Don't miss our upcoming webina=
r </span></td>
                            </tr>
                           </tbody>
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                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
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                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroy48sg0Vj4sSXI=
k86yTgOKw-3D-3DC26y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZ=
he1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0=
Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1F=
mn-2BPaJBOU3LzfopEzDBfeRPSW1osLuPP1fC4L-2FSvrMznJSsHHHqX9R0P-2BSCdNI9uBF6R9=
LyewcPRORQeBm-2FHnQ-2BTEsI-2FUAwJiIptXbczeE-2FU1uxexov4BsD9kz-2FiXZFWHQjszD=
Zbysri9BaUJnurlJbtapYiIyNCMjCEuNdyJAjMJs5x6AV1Ezj6Vg0OXFW1Qj9t-2F69wnqJVBLa=
yq-2FAfd7n0PFIDDUbP1mQqjo3Tzd9QmNLoeBxeCC96l9fyb0e37hdUQsbEfJUPHQZZ5UalP2Nf=
i7gOmGwGZFxtKhZybQM-3D"> <img align=3D"middle" alt=3D"" src=3D"https://img.=
pitchbook.com/news/71336.png" style=3D"border: none; max-width: 420px;">  <=
/a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Europe=
's private credit market is poised to achieve near-record growth this year.=
 High base rates have helped maintain support for floating rate loans and p=
ositioned 2025 to be the busiest year on record for refinancing activity.<b=
r><br>
                               But, with rates expected to fall, will the i=
ndustry be able to maintain this record growth? In this webinar, PitchBook =
analysts discuss the impact of pending lower rates on CLO creation, syndica=
ted loans and high-yield bond volumes. They'll also unpack the latest trend=
s in private credit growth and analyse Liability Management Exercises among=
 ELLI issuers.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgG=
eIroy48sg0Vj4sSXIk86yTgOKw-3D-3DuV8d_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0Y=
QP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2Fi=
DdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYg=
ztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S=
4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRPSW1osLuPP1fC4L-2FSvrMzDyAguhzKLhp=
Ybinfu0m4zhY6SpyfEZJhgh1JGdiTqIQkI4gs9FB05ziNnIB1r82Bmg4K-2FTVKKDHlMaKoL-2F=
35ZngODHE562weRVBtdegA52u0gxz5ASZffoSXKY0LqvlPK7n5K6gga7ert4lo18vVSr5veHG3s=
pPUKXFp3hphtO-2BSg2Cj8Qh38c6mtlAbNEyDMXfJ635W-2B3vD8-2BPB3wLEnfeen7snM8-2BR=
5LYHRGqnfMJzWmfh1MC-2B4dUkL-2BO3kYMY-3D" style=3D"color: #1D5080;" test=3D"=
"><b>Register now to secure your spot.</b></a></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
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                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0lsa5wJFQgGeIroRCEHmjwpbkg8040m49J0=
OQ-3D-3DWlPA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY=
A68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BE=
zWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2Bvb=
PTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPa=
JBOU3LzfopEzDBfeRPSW1osLuPP1fC4L-2FSvrMzw3NLb2wpnk8anR09DFkcevIy3DGjuLVqgWH=
Y1MHzstqEgG8sd3a1bf4fmfu6Zfzz1Cvp0LstSNkCL7NX3wefPZL1mpakUSR5yx5ELC-2Fywf-2=
FdPvL64XlyqDsMTgeSypBaBuI58S1yzEa-2BTo-2F25acUx6J9TgOhJYg-2FCmdFmth1XYSxwaj=
dXg-2B5k-2BjkGFoiD6fNLKbdN-2Fj0TpdHooRHRQMMxsg3fPAWZQcILn7ZDz2XC6vHGLrG3yTe=
AD7imVPNRNKo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Per=
mira</a> acquired London-based software education provider <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwTxGjQMAaAXELzQQOysI7Og-3D-3=
DqrT9_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3=
XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzOR=
TIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4=
HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3Lz=
fopEzDBfeRPSW1osLuPP1fC4L-2FSvrMzCO1LkeygNEi02TbrsQUlCf7Wd6I1y-2FhHsK6hYyK4=
prWXrOhNuTnbVafvEXVEHtIxlBDiKoP-2FYHKD0-2BHoH9CCy2S8Pd-2FcB0GFTaIAVgRv5D8Cs=
13-2Bk3jFh3JfO6PWOBDb29L-2ByNVvrvFTgjR7VWsnpd-2BdEDiJ-2Fm-2Bvp8cEcwPRAPlvqh=
tf0O-2BdPQgXUEdmsH1aG9nHn2GPLu6XBEr-2F28wQAIQ0ln53jaSMUbKQq8eB-2FMsAvHD3fJ2=
894PFwSL8uTBA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Th=
e Key Group</a></b> from <a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdw=
gfGFPtTgOHwblXE-2FpLr5tMRKu4rgMLgWg-3D-3DAK16_Pr966knuaHmaw6c7pKvB-2BCEiDnj=
5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwO=
UhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP=
0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172q=
FhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRPSW1osLuPP1fC4L-2FSvrMyHa=
-2FyTAnMgTQ3U-2BdZdpBTpaQMSUB813mQZ-2FoIa-2FoOLAr3ljodGVEJzTOO3AnyoXjcp87kW=
nI5jPTkJ7eM5ERYvs50UM0lQciSxAaNdRXjK4ewO1VEbpFaIVlDJCSk-2FLEGDzQZ6a4O-2BtP8=
WqyvGHz6KnaF-2FHV51KK0gVsi4ofXvQ5ggOsVev-2Fwy9gXWGHqJljzy7x9J-2FDJHJMoD0Uo0=
zDWwBWovO402QKzKLQSF3FwqQlv-2Fix-2FiyOvsuJZbMgr2XnI-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">CBPE</a>.<br><br><a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwwHIiSibZb0IKqm-2BqRkh-2BtA-3D-3Dit3e=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdV=
nPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUd=
OjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefp=
Pr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEz=
DBfeRPSW1osLuPP1fC4L-2FSvrMyb-2B4a5QK2Z94c-2Fbdy4piTCrP-2FeWrSQzBEbWHySVtU5=
Ghjpx77sXqykex49SJKYFGbJ-2BKS7pHWSdM8vnVMRyAYbU5DM0MdiNlWFaJw9DDyHUoh3QQ3NN=
WYjJ7YdjckKwK168guKSUEMCmzimwtdnPPiMnvXSag71sldCrDjsWwCi57G0Tko-2Fcow7fFBGn=
5vLpTAG53MXHgv-2B-2FoCCOf4fzKY0438oypWFTQCSYR3ltbzZV0cy6YPZgBHi9OlrfqkTmo-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">H.I.G. Capital</a=
> invested in home warranty company <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzW9cjhFMrrdwgfGFPtTgOHwQED0-2FFKz8o4dBgUr8dkqNQ-3D-3DY76n_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-=
2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSw=
p0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA=
1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeRPSW1osLuPP1=
fC4L-2FSvrMyRwb9CRzd67VlG6JqU2-2F84jIb-2BRCdFdWD36VrYMXvVlwJoaMtGPavebRgK0c=
MQhbWv4VXaBazoqmS0vkF8I8fGLF-2B-2Fx7WfV0AZ6IL58Za9TO9sOExBRceYhAY-2B2we5W0K=
FA51LVs-2FMObeXbWRoLrq2a6Akgjsi8AR4hbT18CihQqILanGS4m5SKY06sGXUe-2BECR9I7Ua=
YF576XaxchNVFJcB06dObmOJOJPNRA4xhQg5rnpmkyHWp2CrkXb2QnYV4-3D" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Rely Home</a></b>.<br><br><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwN2UKrI-2FhyhDV4-2Bjyh=
9X-2FAQ-3D-3DCC51_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe=
1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa=
-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn=
-2BPaJBOU3LzfopEzDBfeV-2BpfAUBfz-2B6HFKlf3Jr7rGsdpF-2BD7lQYvRy2ZIWFg7bxmDoQ=
ldWyOgU-2FPh7pCvq2FOXRusSZqo-2BvHhTkTd2epR0SQ8pub71hJtJ-2FarYMMpETHe1fhx6Kv=
Bu5AEImdyqNKZVpWYX8yPUMHVWhsJWoJeJ-2FvDRjxkajHNsx8KYXUA9UdMtKB3S5-2B0oEHdcO=
nYtGmKzW0YL520j0DOdxYFMqjRYv34kYm8wYEXjJQ0IRkHCruyrMdt0oXdQjbVD4-2Fn-2FhQ9e=
qqk3PnJjstxYbqcz9dc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Clearlake Capital</a> acquired California-based private market solution=
s provider <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHw=
3iYbWqqWyvgfAFSxEnhlXQ-3D-3De5LR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2=
BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH=
6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIg=
Mz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2F=
nDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeV-2BpfAUBfz-2B6HFKlf3Jr7rGpl47nkgE1oq6w=
IKzRGTujck-2BTSEEMcpvvJnudk-2BvIxkUGVIYAw4JXB4OUMk8MzRdGyNVRBfsZ4-2BaOsE8lB=
Kd3jGAbvTTrDjD7jYLogewIPy-2FH2vJEF-2FvNOSC5BzQ4hUxV8FZ9FmEfPA5Szafp0QuJdjE-=
2BJdmeMeso3V15RhU641hnfs5FIIWr5v1D0bH4fW04OGupFHkpY-2BymU-2BYScS4Q16YlQKR4x=
kzPEF7QT2pSbvePqqu0OZjf9xHxfjFxKwY-3D" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Pathway Capital Management</a></b>.<br><br><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHw2kRE1kMZM1UYHU7nvbR7zw-3D-3=
DuPNk_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3=
XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzOR=
TIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4=
HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3Lz=
fopEzDBfeV-2BpfAUBfz-2B6HFKlf3Jr7rGU0Aydu-2Bn5G4meEXYqQfP4-2Bu7Nu3frAIYn19b=
-2FuGC-2Biaebvfxe1SWqSBZZWorQ8sFt8LWW7dFJ7deWxHDEbWIu4DLaiaKhgJDP7XsLZrzLHT=
ACCM2tnO7z4-2FdV00rj1keyM3qKEN2WtPKv-2FhOaRdEjdPMGoUJVMTnUiuN-2FRsubg-2B1bm=
vYWoaQ6FLMvJtF3vTTa6y52L8Q8O7Ou9Z70hIYqMW0EHCKiMrkNi2mzuFVaRo2rnXSlCfVH65Rr=
FsZRn4g-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">FieldSto=
ne Capital</a> invested in Houston-based energy company <b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwyd-2Fj9sHXw7bYp8JvFjWZ-2Bg-3D-=
3DVFGV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR=
3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzO=
RTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F=
4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3L=
zfopEzDBfeV-2BpfAUBfz-2B6HFKlf3Jr7rGTyvYDMnjvZQTaIkDAww0Z-2Blb1DUSd59sse-2F=
dHbsBGaJrooZk0ttEWV0qZ-2F9P3L-2BA0odZypyl9UsBigpSDK5tH-2FrUzorNUocQmpNVV-2B=
WhtSV-2BEAKy7pImbAUDdkrisPSR3EOPwZ-2FuhD6zJf0-2Bydx77rnmToxJl9uDDLLk0-2B7r0=
J-2FsTMwUDOQun3YAxBNcoI8Gt8LKELXDSawTOr6-2BJS5CVkz0W-2FNtKWtvxipmORUM6D97t0=
RdyqPNueHuDk0TvgJg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Red Post Energy</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-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwkhzJNyvcG-2FkmSa2i9I=
7hNQ-3D-3DzwN1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7=
BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2B=
vbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2B=
PaJBOU3LzfopEzDBfeV-2BpfAUBfz-2B6HFKlf3Jr7rEcQB1MgCTpGuqp1i3FSCo0QeZMsisO5w=
1rsyoP5FwuE-2FxebqkR0UNBScqhmMXs2GoWcu1gDz3dkDzIPOKmQLTXBsU3vrKNREOj08pHVfd=
1ue3iktpSJ6uE4VSG0djnLRYUsnsUx-2F8sbYzmh8ducEEQ50JKXZ0kR7Hrn9tkTy-2BnZH2V-2=
FiMDX9SWUZ9uv-2Bcz7AKQkjyOHDJKEe0lgQ2ZWLQ0OYuelnpT67k93FCV4Mup6Kqz8tSjxTrxa=
HhWEOhdsAA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Polle=
n Street Capital</a> is preparing a potential IPO of <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzW9cjhFMrrdwgfGFPtTgOHwKjmqVc8gN-2BwLr7LIClmTMA-3D-3Dtf_=
Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3Xhrd=
VnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOU=
dOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEef=
pPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopE=
zDBfeV-2BpfAUBfz-2B6HFKlf3Jr7rGgDHC7459pauSX-2FDe68t6iQcdGCtuoQJJNU6rRl9Jft=
sE8yqIrEAa1Q2rmkIriJzJJvKiqAXhE-2F3DSSi1nRzZhy8AAusJu6tu6MGLdrOqKFLD8UjMRs3=
zomm2GPZFtst1zyUXe5jDL3o20hAK1oMpN0zbLt3WHTvDdRdhmelqSzMyoMOD7dFsxobCDWUhr2=
2Qm1doz7Z5jQVZ77CKORV83-2B-2BYD3aTYzB6-2FQ-2BfLXFPlJ4d-2BYBHNd-2F8hKV7JhB6X=
UCY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Markerstudy<=
/a></b>, which could value the UK insurance services provider at over =C2=
=A33 billion, Bloomberg reported.<br><br>
                               Sweden-based <b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dpAuQgGTwK3nlR7LrGoDFEw-3D-3Djcwz_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRT=
ETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8=
ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNT=
l-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeV-2Bpf=
AUBfz-2B6HFKlf3Jr7rHtMp6Gfhadmj5hTIyyEEPFWySr2Ugh-2BfMJ2aw-2B1EBzqWi-2F8X7E=
6mp6efjEWN4PzAANDFCufF8jvJZIDhB2iOSyaJuyvwed1v4JtPXvpqQzgFxD4TrtJTPn1nz1ul0=
mPGEZYWXeNq4MDJOYdlTClABx7QYw1wF81NVGDmlF3X2arMdTcycZ3dW58X66g3R-2F-2FMU5HC=
ihTXns8h8xL3a36sm17G7b1UGI2E2KYZRFDUEQMqv3lAVN9hzaum8ll4oo4mU-3D" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">Einride</a></b>, an autonomou=
s truck startup backed by <a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWeWxcvS0ls=
a5wJFQgGeIroXJNR2-2FVkSJ-2Bb-2FTQ9LKg9Fg-3D-3DXUXE_Pr966knuaHmaw6c7pKvB-2BC=
EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPb=
foLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7Yk=
GhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2=
F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeV-2BpfAUBfz-2B6HFKlf3=
Jr7rED2fdGHS8LcC915ejFeB5yZEZEtznIEtUhR8hJ-2F1ff2HSMz-2FCbJY9gdx7BkeMDDh5Q0=
a8jCl9A7PwTZNta3gxCbUEOt1EAkcMwaFCv51FAU-2F7qaocNWaWvDGHtbBhsTbX81ZzUJaFNSk=
d2V1R1fMhCi-2B1zQ-2Fk71BBkQ0e8nBY3cL6XIrkrAU-2FE0hjhIUwiw2DVA3V63IWAsbtGzPv=
cv2Yyh1OzFoukPNNeQkAN3auql1qAR8oIV-2BFoYMYWyaVaEJc-3D" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">EQT Ventures</a>, went public via SPAC <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9djQ5-2BuUUnIwUb-=
2BGnLZjTewA-3D-3Dkem5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43=
kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FH=
CZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8d=
S0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb=
1Fmn-2BPaJBOU3LzfopEzDBfeV-2BpfAUBfz-2B6HFKlf3Jr7rGBb1SsGhA1iYTL-2F-2FX9T6N=
959M-2BEBiD8bSpLKba4sFUG5lbwlQdrznRwQLUFpV0XCuiKJMYcz9EUzVtRsxULCbTISuDnlAU=
m3J0dx5EPz-2FnaID9f5Xxkj8h6eVx2OeEZGbUSgElpyocfAay1CTn4CVjdM7XhYHoePF8v9oqo=
gVSfrInBo3uHm9WwGVDyJvQ1vqK7jiw8u6FafUPZH6LghAJHJXHDm1-2FRLJ459YroOxvanXc4c=
kEHGZfqVDxiXk9dKE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Legato Merger III</a> at a $1.8 billion valuation.<br><br><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dldnJeY5GtVgDVCaibVyecw-3D-3Dt=
F8M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3Xh=
rdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTI=
OUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HE=
efpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3Lzfo=
pEzDBfeV-2BpfAUBfz-2B6HFKlf3Jr7rEFTAmjFlej3uR1nOTyrFcHNpyx22BApg9arYtW-2Bwq=
EW0jqgQNmvTswOyBugeFtnrz0U-2Bh2fxZE3q8tgn2xm0-2B41VjWfTCMSzweVz6KqjJd4PuSN5=
qsJsXMFQavBVKhaWVKM9ulonk0qWQ1x4YDOBmWPvzQQruAN-2F3S62luTZxNSyzxhh5Xy103fT4=
oCe4DR422bXkhNpFx9iXiPwurWcz8bVfeGPt-2FJ-2BARG620VLHJTajghzePKyWgHNCDholjY-=
2Fo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Blackstone</=
a> sold <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dH=
6H2yJUPkqwMuHX-2B37Z-2FmA-3D-3DOzgc_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiD=
dRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgz=
tIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4=
-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeaiXvlRB7kyVQH3DhGR8iCEQsdvetbS9QsnOb=
iPPL65OICrU8-2FoT-2BNSKqxblbKA7YHxuejkQEOiGLVNqN7fpC6mmWG4t7iAeEVDA5S15MYHM=
KnHiv3BARW95JWzYjR2jRv3Pj98mJm-2BPVQhOg45zuJteUuQPPk3w6ClKh5a-2FzCi4-2FJTuf=
QqvRmS00G-2F6Yr9-2BAiOqiPou3Ew0LthHl7hFnV4p3PuSASWJnZNHP5P0V7AQbLJEVAtUyF7F=
LfTXdwGj4mi4Io51rF5YWdxYmt1kPkU-3D" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">NIBC Bank</a></b>, a Netherlands-based commercial lender, t=
o <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dKMp6s-2F3EmF=
cdFrzpHRhzgQ-3D-3DcKkY_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4=
3kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2F=
HCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8=
dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fn=
b1Fmn-2BPaJBOU3LzfopEzDBfeaiXvlRB7kyVQH3DhGR8iCGGPYcNDFobaOiTOj6OW27tozwDZx=
0ddJHxTWqkK2OQTkvT7h62IzZhuB7f0hDBKAyQmzYfXeWLqrFZQLnQQtlg45-2BAb5Yz585tEO5=
lSs94WsKWlKcj-2Fp7SBMsIkcM5kWMnhHUPeANPByaX0W3daj4j1mAwiC-2FkKHST065-2FZADH=
mlPDztyKDcoDwz7IDV1Ksj-2BuAI6TKaNcabJMrOZ5TGwpDQkvOAZVD-2BkVKLBN4z2NL9YCb04=
z5zC0JaK-2FMaglh5E-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">ABN Amro</a> for =E2=82=AC960 million.<br><br><b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9de8u30lPgzHBhWcO4y7O-2FaA-3D-3Datyk_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA=
03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjm=
MJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2=
Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBf=
eaiXvlRB7kyVQH3DhGR8iCGFt7YIDk2o5Q9lbe-2FTMbe4rbI-2Bv2Y0-2FexGp8VXcywi3vNiT=
2iVnrTMZ7ZBV4BCy7xRQQH7xju3WtQ0EwFivSFUsJ-2FVoqgaaBtZ9v3D40y83EN1Y8530WuXLm=
fqHtXjK9nNS-2FkyVq1XA6fgE26uUAjsvjCXdecINI9nWoXf8fFH-2FSzPGVETcWyMsOcNSWQcQ=
oa8j3M1Q8gZVL1m5w1vy6XV5qCOeXtrixDdGh61gKupdadgR3R1X4vGdz5-2FnH-2BjHHs-3D" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Groww</a></b>, an In=
dia-based brokerage platform developer backed by <a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9d6xE5p6KhJNpg32YMk1Z6ww-3D-3DoNb1_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03Gaa=
RTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXb=
x8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0s=
NTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeaiXv=
lRB7kyVQH3DhGR8iCFD2eev9g3UlddCdVCOfty8Zj5NlY-2BGqeUdjoSs2DSzUFkyQCEqs-2Fh2=
KGlE9trhtYRvQXx4Jh9c5kYs1YUXJ4WFxePXfYMVmoGoRCYzxrIaieF5aZc5AB0MvvMHRqeEpqu=
uGG-2Fu8FDSrETP9j9IufG4xlGfBH481vFlDXgDQ4hLAhfe-2Bpt6cU6pJA8-2F0zIZeN1R5saS=
-2BWXDhtudAESIm8XhVd-2FUHS1xS0eNEXtKrzkia9wpQdtteAt6doGgDqw8WtA-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Peak XV Partners</a> and =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9djv-2FP9TM9MRmv=
ZIdKxlIXMw-3D-3Dgy6X_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43k=
bMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHC=
Zhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS=
0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1=
Fmn-2BPaJBOU3LzfopEzDBfeaiXvlRB7kyVQH3DhGR8iCFQ-2Bxvt03JdOwYqS9q4Di2eBN0fcc=
LRqKclwcCgQJL932WabM6ap5ImS-2F7YZoHk-2BqOKWfEi-2F7N2wLkO-2F-2F-2BCHToRoWWas=
IaDyw1BKzZfyJ-2FnDBnIwoQ2zO9LWl5hGSbufoLw-2Fj87UOWnBpeceDtzW-2BZ62vkIWs2Gdf=
nA5umE7B9RNSnxKFrGKNdTgpL1eH5OAkV4-2Bglf8NyRY1SL0-2B7d6xJZvnqAy92xvKM7DQ3gS=
HA7BQzznNYaKpxSLzZJKg6wBJQ-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Iconiq Capital</a>, raised 66.3 billion rupees (about $748 milli=
on) in its IPO.<br><br>
                               Wearable fitness device startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndXADEV3YiOXe9xSN9dU9c9njeyz1faBH4cbiiNX=
Q-3D-3DGlnm_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA=
68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEz=
WcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbP=
TE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJ=
BOU3LzfopEzDBfeaiXvlRB7kyVQH3DhGR8iCEglgjrKi0wlchYnDhvHSCSWpLC2oYQp535ko0b5=
8Sp8buGbO73LW3qRhE47sQiIk3C8Zea-2FRVsgLzvsAju3SI-2FO5n-2FbB842S10ckk1LAzFuD=
OA-2BJhBCa5SqJFMazSNUj0oet2IY9TYvLl9MphjzbLHn2PWuNhc6rr5KwFZYiPPHvZ-2FvzpXa=
Y7n-2FAMSABDv-2BLBBWsduOraJ9diDrVn9TBW891nV57B4B6QO9Tbgq2UAZ-2F0gKCilXdtdyZ=
4Es-2FYOAP8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Whoo=
p</a></b>, which is backed by <a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUY4ndX=
ADEV3YiOXe9xSN9dfqf8a25L89vBLLKD-2FQ5Nrw-3D-3Du6ol_Pr966knuaHmaw6c7pKvB-2BC=
EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPb=
foLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7Yk=
GhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2=
F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeaiXvlRB7kyVQH3DhGR8iC=
Er4YSXsDO-2FywtQY8xf-2FYNmSFx0ZtdnAW9UKYxFAm1VZNa2c8fp-2FM1M1N1LBg8ZBPlQg-2=
B0XFZSfTBxFX4CZn3WP5prel9RmGTn56QsoEGslktf2t0zkKp2xo-2Biu4Iy0-2FdE5UHZk5yVW=
O5sxcyV-2FtalBm3FpfZlhdJQxBZFNWwYzbxirPX-2FrYxsVQGgOmDu4IHu39D0ktnB5Z-2FbBN=
Fw-2F08RgroySReMpeNYteI-2BWIjMdR5yAM-2FjUHH7E5Q7rm3-2BLJqA-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Bose Ventures</a>, is considerin=
g an IPO in the next two years.<br><br><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzWUQcu1NrHM7Wgq7Z7HKiY9aT6X5EkLV-2FShilaNY4jlIw-3D-3DvH9V_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-=
2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSw=
p0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA=
1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfeaiXvlRB7kyVQ=
H3DhGR8iCEn9yF8kyzbiXiluDmvDEjRENFIyAbxV7F2S5FmSe1vV-2BtnWbTPEk27Nk9ia4UVEU=
mXAi1RVX-2FhgEHftDLK-2FEJMmBF3id2oUVZvn8BpMD9wr8dHbyS-2BuE3ycPn9ko-2B9sSc5v=
YoGkOKgmSmfYBEoMv944VSYCWjAa99YunqSnLEnX-2BbnABLvdN9DOK455MVVQ47kwEGkDfueNi=
-2FY3e3AJY3NHkOTrqkWHG-2BlGFIysS9jKbI3wHdmp7WH9eNJHLK8n8w-3D" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Galaxy Ventures</a>-backed <b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY9ZT1pe-2B-2BvITJh5=
5alqkwgow-3D-3DBRcJ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZ=
he1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0=
Fa-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1F=
mn-2BPaJBOU3LzfopEzDBfeaiXvlRB7kyVQH3DhGR8iCFnFmm-2FVfkSBFJW3YpSZC6pBbmoNNu=
q1OSBbX-2FGY6e4lcLsiBUBosycADOr-2F9UsQnLOwwSJk58yIhRhN6a5Id2FRhrBId1SygqHs2=
QPoSgfW5eOO60W-2BNQYYHEC03F-2FZoFn581I588t-2BDXTfFx1Gn6epUUDcQAcM8OIFoZU0iZ=
sk-2BejBnmYqtPUCKJ0q9Qc9jHEZEYqWuA2v09TNduC2jdUZP2gV-2FNJSTtxZMtorQIf1KY2O8=
Xc4Sw-2BWEZ4I1l-2BNHo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Uptop</a></b>, a startup developing a purchase rewards platform, has =
been acquired by stablecoin infrastructure startup <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY9q0-2BeBoTtnj3RzZNx1Be-2BmA-3D-3DBXnY_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnP=
A03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOj=
mMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr=
2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDB=
feaiXvlRB7kyVQH3DhGR8iCHjyVwfW8RnoWE-2F9wqUmvWW4V-2FXSEAvIxnqO-2BlFGUrIIDM8=
J1FAYraqrxJkWpcjDt4JNMS8mflza5a-2BC2mUfw5YesJR35-2FMLFE34CpjVEkQit9yuSrilln=
gBwZp4jYk1sjpo14oGatFw0emZUnxVqc-2BZjkQ2HhS6lNK-2BJkP2jZSqSt7tpmHIODFpTdjLR=
vGQJnLLuA3ZozkAeuYjGOh4dAdxji0xze1plqLwL3gSNqxbT9nBhI1Vy-2B9-2FxvOgojZ5xQ-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Rain</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>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-2BaqM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY9KachgP29EPh16A5aV=
cV9xg-3D-3DuB2p_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V=
7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2=
BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2=
BPaJBOU3LzfopEzDBfeeTLmZxFsAR3vVQoSmHevkilChV5foVtQ30n6zruAg0-2FpQophWlFtXo=
yi4YaZBoERR5n2vqZbnhNFYi2-2FvQ1KarC-2FYnwcvAfG5es4pMlRn22wH2bJsT6As4kxegwjZ=
A0u7NC433o9bS6W-2FXV8rkPdnV1CbVIBYbdv7-2FdyFrnk5Jivc1PRMpuqWrFNtLKCAw9c7yIO=
0-2FLS3SJMPbzJJSalEHw7D8hnLlpHIcY7fI7M4-2Fy-2BAcLsNzBJ8hQmFA3c32MvvuS9Owv8E=
61sDpAmQl-2BV70-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Polus Capital Management</a></b> closed its Europe-focused special situatio=
ns fund on =E2=82=AC890 million, The Wall Street Journal reported.<br><br>
                               Amsterdam-based <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY9lKqI4ddhU8okVo-2FRuQUhAQ-3D-3D_BJL_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR3XhrdVnPA03=
GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe1V7BEzWcOzORTIOUdOjmMJ=
JXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa-2BvbPTE-2F4HEefpPr2Y2=
o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn-2BPaJBOU3LzfopEzDBfee=
TLmZxFsAR3vVQoSmHevkgAKEpuHUuTpybMextrjwkugl9weUnX97ghONQuVfRbyvb-2BjusJpG8=
lTousZTT23B5hc07wLwmZ2as4CbktWjbbKZgSMRSN-2BQdkAIVmwCpXujbljhDBmxcNlC-2F3AG=
1WKjJQgoNBCIabt9XUMqa7nhs8IOxgT0EIO3u4UnJtsLR1dpSxjOWuej54AZQcf2PbLwN9PEOVA=
zpQzIq0lsVYjxY7Jy9YDBh1fQ3CpiGEqX6lwEeOmVQuu-2B0BlzEt9MH-2Bdxo-3D" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">Nyver Capital Partners</a></=
b> closed its debut PE fund on a hard cap of =E2=82=AC335 million.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWUQcu1NrHM7Wgq7Z7HKiY93m32i1XvSRkuuOzPS=
J-2Fhxw-3D-3DCRly_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR3XhrdVnPA03GaaRTETKXY-2BLzYHGPbfoLwOUhfSc-2FiDdRH6KtD9oP-2FHCZhe=
1V7BEzWcOzORTIOUdOjmMJJXbx8ifzBSwp0V8yV7YkGhJZP0KHf8cQYgztIgMz-2BNNEn8dS0Fa=
-2BvbPTE-2F4HEefpPr2Y2o0sNTl-2BHA1JEiAjt-2F172qFhRUgJW5S4-2FnDLKOd-2Fnb1Fmn=
-2BPaJBOU3LzfopEzDBfeeTLmZxFsAR3vVQoSmHevkgMgwMCLg9JH2UGLDQr-2BJPAUNtqHg-2F=
E19qPPQd96-2BA3MEvkAL49KNBTADAFwl-2BWYayfKxcY9DnZ-2Bxg5nFQ-2FyCg6yyhGsddjq3=
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BnTrvPuboWEC4kqlXSXAbS4-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Vista Equity Partners</a></b> plans to significantly reduce its w=
orkforce by utilizing AI to replace certain operational roles.</td>
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lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
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lign: left;"><span>Chart of the Day</span></td>
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