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} .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> Wall S= treet bets big on VC secondaries; enterprise SaaS exits pop; Aquarian Capit= al eyes opportunity in 'peak 65'; CVC Capital's private wealth push </span>= </td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">November 17, 2025= | <a href=3D"https://url6380.news.pitchbook.c= om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVdWsDw8p= CFlWz1a-2FIeB9U9K5L7f2JDHyhk9OE63U2pCQ-3D-3DyIqG_I3w5d9c01gkD8gLzFEofZR-2Bh= 6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2Qx= iA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBm= Txbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQR= KoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjwJqA= 78icI-2BJe5gSvD0vfA6LLIKA5X1EjJ9FLMQgDGuy2wJrFoU2b938GWm-2BE03jXZBa9dIwlz1X= Wr56K9ykNCT-2FZ15iDxuTkkSb-2BVH6kuf4b-2BP2M269Wuil3-2BCz8YvOkaCtqrjawCDTMLm= zmFhfWGAg8TQtvWb2UAg5QSUbVhhKWByJtfoPqax4yEPIC-2FIHI5Ea9l-2B1yakj4V2QFPT8Bq= idzmVNjTm9L1lVar-2B2BviTZXZDSVf-2BTDuC30NUcZQw6xKP-2Bd8ccc7VWc2d6dHQsL7" ta= rget=3D"_blank" style=3D"text-decoration: underline; 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text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVdWsDw8pCFlWz1a-2FIeB9U9KCyGBF3SzcoqLcE4XK27Rw= -3D-3DxPN9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8= PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPb= PhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxT= ypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xd= guHowXZ3bbdsGh3kA9-2FRMMYH6w77okjw0NaADZ4evcM0yOUxxdwA7zmb-2FNZTamKL8B1bWsA= EvDGBW9xsnnzGnsG8ssPcLY9-2BuFsl2KFjyuzvehPeCSS1DNKySOmH-2BEOcyLDRfziYN9SXZX= 6f83by8L0qzxx4vH5JaJHavyu52-2BTTfiEENr6-2B8qPlGaRK-2F7BbD39FWkXoAwxZZHugO-2= F6XoLUDPpCbS6aNjyplB69pnXwtTgVNE9tl6gxrawFZSh9oXPrz-2FikjtUEwrmsfU-2FvU46TA= N0IFbmSqb8yO15Dq1Aj7miz-2FuxHed" target=3D"_blank"> <img width=3D'1' height= =3D'1' opacity: 0; style=3D'display:none !important; mso-hide: all;' src=3D= 'https://my.pitchbook.com/ms/pixel?userId=3D3DABLZ54MOPJL5Q&eventSource=3D3= DZQDXJQ6VUBAECQE7XY5D5PSLQI&emailId=3D3DL5GUSD5N6YU4E&emailName=3D3D6H3WX3Q= H7CXEMMMBQSMFL245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3= DUAZEVU3EPI6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.= news.pitchbook.com/wf/open?upn=3Du001.4Qe7VL981gyAPMxYoCz8CBKmv7adpoGoGfpUf= NDzw-2FIUFPDY6owZNjRg8mspgm8jcrwtWo9ciBKU-2B-2FEDq1ipQJ2IZ4c8ZR6bSMrRJzv6Xd= uUIUxLzv2rpMOSyC0JgFYJSJ0oWOV7h00IxcolyGxSjsX7B5aa2Y37V8zOQECT1e-2FUm5EFFxA= rvhFu31NFVxhZlzLp6m2ATEOSD8-2FXg5qLbb5wg8v8J2nD3KUIZHCKNFqaFP7AELld4dOnqs7y= iiTyOaQXPUsGDU459fofZmt16dXRz9CPP-2BfBnvQ7c4f1MGHEII6OBOSudlXIBmLSsACVS1Gdl= ievO-2FO9bTTXnqV1oNdc8eum7BVtg5Lhopi-2Flz9nvIIYnkdGANpr7qJ8kmVlRPltUE2az-2F= 5iFxcgpFm3INLcoiudjACripYmaxbon6tjyt8PobuDc9dUrJHtPAfbbJC7fFpMQ6E4EeHe-2BM7= E2PmlqKnAZtY-2FC98QKjwpMJZCwpER852sdxrOHFSvdDXFa7JZbFxzaIw1byyjyYnj2oNlJLCm= VwGxt7oFqxMm2fyClgPl-2FR70qJKAt12sy5NK" alt=3D"" width=3D"1" height=3D"1" b= order=3D"0" style=3D"height:1px !important;width:1px !important;border-widt= h:0 !important;margin-top:0 !important;margin-bottom:0 !important;margin-ri= ght:0 !important;margin-left:0 !important;padding-top:0 !important;padding-= bottom:0 !important;padding-right:0 !important;padding-left:0 !important;"/= ><img width=3D"141" height=3D"39" src=3D"https://fonts.pitchbook.com/newsle= tter/pitchbook_morningstar_logo.png" alt=3D"PitchBook"> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px; padding-bottom: 38px"><span>= Your edge on global private capital markets</span></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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margin: 0px; border:= 0px; display: block;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Goo= d morning.</b> In today's Daily Pitch, we break down CVC Capital Partners' = push into private wealth, a notable quarter for enterprise SaaS and <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVdWsDw8pCFlWz1a-2FIeB9U9nwBCcETTzsunvfuMhhe= ARQ-3D-3DRLRa_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2= BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2F= jxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG= 3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjwBwUVmRUnuSV97hyo-2FS33Y2c1FDuAT17aMwA8= cd5F02Xf-2BgjphBoYztaPwRjwJS10vUUHUxugiyygiFPx1HbPDdLGWrdtC6XPZ3qh69pqi-2FE= Gkgz7cAPV1HojxZp-2FUymdHBEsZQDPgOvygOo5m9HmbZyD8kAkQSxrLs-2BjrqzNl33nGgu8EO= cfq3f4uWmFTYd3pGw1wlqkTmvZnaYNvr-2BaDCEcZD2Z95XF8j8vvMO6nv-2B-2BNhksgs30OWy= agt83ygXMPGZKr7BvyU6jkpyj8Q4AX" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true"><b>the acceleration of VC secondaries</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> <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>Was= this newsletter forwarded to you? <b><a href=3D"https://url6380.news.pitch= book.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVd= WsDw8pCFlWz1a-2FIeB9U9WbeeEu6Xpz-2BQghDOayQ9tw-3D-3D2h9H_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1a= FKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG= 4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbi= hDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w7= 7okjyI3sxNqY0L6uTVRUYJJzmZ69ZqCKYjmUmZ-2FgLIFZAToORQ69Tz8v93bDngigUGSGEDMKO= 1Hg-2B3KRByqlS1LTGHovW6odA7YY9acSqMgM7IGCMfHynmgxRGETisgs9yodiTSPlbvT6uJZP6= SUndGY8wtjY77qm1px2eYHNDBCBnnXqkwCQg1hNbAveQwMVZQcXn1akOn4w-2FK-2BHo1q59ccZ= Tnxl-2F0CF1Y6aO5oYrSTWqdoUMEFFqfXhrJpNA-2FytTAnQxniqmbBNcoaPmM8MTs38h" styl= e=3D"color: #1D5080;" test=3D"">Sign up here.</a></b></i></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; 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color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> More fund bosses lean on crypt= o startups as tokenization wave surges </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVdWsDw8pCFlWz1a-2FIeB9U9k8HEV7M= qSKAaQJ-2BSc8ln5w-3D-3DhJBQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv85= 2ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2= Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJH= CBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjxTGQz8BKrSI-2FG99Uqp8Q2BH= nIP0PBka-2BYBFjxInmI6rszPGSCAZ7et-2FkCSO6L-2BsVuSyCdKBOiayKenfnBCGXGJTxe1aV= iQn4jrjH3T7chX-2BUny-2B-2F-2Fs7LKOWRV3y-2BjBzlIhy7G7Gm4DPygZ4oArYWKS2T3a4kz= qQhexe4TgvmU4nokDWzlARTB-2Foh9gHciSIOuAXE1G8VmMNN5-2FUtLaBaok46nRQ0uyuOKJEX= 1kYN-2Ffqx-2BTFQLp-2B-2B-2BoQl4phUkYWU58YzuoSbth-2FaBk0DT6QIj-2F" universal= =3D"true"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/= news/71399.jpg" style=3D"border: none; max-width: 420px;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">Carlos Domingo, = CEO of tokenization specialist Securitize (Courtesy of Chase Devens)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Alexander Davis, Head of Enterprise Reporting</i><br><br> Crypto-focused entrepreneurs are shaping up = to be among the newest and most innovative players driving a generational t= ransformation of the private fund industry.<br><br> At the center of the trend is the growing is= suance of digital tokens, recorded on a blockchain, that represent an inves= tor's ownership of shares in a fund, stock, bond or other financial asset.<= br><br> Tokens bridge the gap between the worlds of = traditional and decentralized finance, as they can be traded with other dig= ital assets once they're "on-chain," to use industry parlance.<br><br> Roughly $3 billion in private market assets = are held in tokens=E2=80=9410 times higher than the level a year ago=E2=80= =94according to data provided by RWA.xyz, an industry tracker.<br><br> Tokenization advocates, from BlackRock's Lar= ry Fink to SEC commissioner Paul Atkins, are hailing the innovation in digi= tal asset management as a game-changer for modernizing and streamlining the= workflows of an antiquated industry.<br><br> Gaining market momentum over the past couple= of years, digital platforms that help private funds raise capital through = individuals highlight managers' growing reliance on fintech innovators to o= pen up the once-exclusive world of alternative investments=E2=80=94at scale= =E2=80=94to a vastly larger new segment of the investing public.<br><br> BlackRock is also an investor, along with Ha= milton Lane, in Miami-based Securitize, the leading fintech startup providi= ng tokenization of real-world assets and a range of fund administration ser= vices.<br><br> Just days ago, Securitize said it would go p= ublic through a reverse merger with a Cantor Fitzgerald-backed SPAC, valuin= g the 8-year-old company at $1.25 billion pre-money.<br><br> Securitize is the latest digital asset manag= ement specialist to announce plans to go public, following deals by crypto-= focused Bullish, Circle and Gemini.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVdWsDw8pCFlWz1a-2FIeB9U9k8HEV7MqSKAaQJ-2BSc8ln5w-3D= -3DXxPu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhm= K2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTyps= ZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguH= owXZ3bbdsGh3kA9-2FRMMYH6w77okjw1mtAWsQgvKCiCsh9dSpTEyv4TwxAMMRwQMczbz5sDQru= ra4crFt2wfjFOjzislM5-2F5tJBnt-2BkZpXAq1coEYlWBJeYH2N3Tl0AYXzWgL13ml6yq0gRSy= cqY31B3qg-2BEGamSfZvHnrM2X9ZCtfx5v390a00wqtddNYEF4fLO7X-2BqtPJkJHPeeDc2Rfh9= ytrZcG0E6EF1XP8OmghH2zzIQ2SR-2FxkP-2FP74Egc-2FcKHmxQr-2BNeqRpL0pBuWTu77Bnes= EUjdZnDUhwyK9pKKM8-2F4APDk" style=3D"font-family: Roboto, Arial, sans-serif= ; font-size: 18px; text-decoration: none; color: black; padding-left: 3px" = target=3D"_blank" universal=3D"true">Read the full article<img height=3D"24= " src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"v= ertical-align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z= 0HEIvuAKbJkJXu5irKX7nO323dMolA-3D-3DHnf8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-= 2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzyd= y1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qc= Fg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjzGBAZxL6ffBJ= 7-2B9cVe23qW93E4IwRWMEuQcJCwgA-2BRB3O9108Q-2B-2FKs3tvcdyKTAoORgG0eVFbB-2F6m= HiX8lHMszd4eI-2BFL4cd1VF-2BGKSk5OHf-2BnBeIgoNIjNH9QMTv-2F72Bra-2BibHrwpFpKp= DBoN4BMzYSxrLmQmhA5XHdI-2F1lep8Gk92KzwtCty7fn8IR9oX1J8OZVyjgVD1KSeIDJSxMkat= 81eee3gd6MDRXxMFi9D2aYtiA2XX0Pev7t6VvRn4mZpDRkVIGNJOP5OEdLeS-2FXF" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">Q4 2025 PitchBook Analyst No= te: Stablecoins Are Imperfect but Inevitable</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from West Monroe</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574419" id=3D"n_574419" 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;"> From roll-ups to results: How = PE wins in residential services now </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"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z0HEIvuAKEHyrT9Xbymi0JoE= xZHbE3w-3D-3DZPHs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2Fy= yA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvv= x-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81yd= CBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjxAua5XTLRWM70ByvurVo66I4AZ2MU-2F3MS= AOggXPKQQ0nrr03Q7m92k3j0lzNULRbh7unhF-2BolATD0YyQm8LiIQ8k-2FCpBY1cnoSkUpK1J= hp3-2FGD6VMu14a14BXXvJ6n2D-2Fxim42iJimAlvbQMHaxJO1rR3Vp-2Fv7nO7uATuzGuXvn1m= qJ9A1mOeUhsgOHmR4jZFV3Z3HxXkPYI1rmfIiOn8eRstMxvwsJxnWtLY84LPqMCTZjygQ85rJB-= 2BwUid81ycI-2FD2cXgLgEiLi6yDmm831-2B"> <img align=3D"center" alt=3D"" src= =3D"https://img.pitchbook.com/news/71234.png" style=3D"border: none; max-wi= dth: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>Essential services=E2=80=94from HVAC = and plumbing to pest control=E2=80=94are fueling one of private equity=E2= =80=99s most resilient and fast-growing markets. But the playbook is changi= ng. Today=E2=80=99s value creation comes not from roll-ups, but from discip= lined scaling, digital transformation, and workforce enablement. Investors = who modernize technology, empower frontline teams, and standardize operatio= ns are building platforms that outperform on growth and margin. Success now= depends on execution=E2=80=94connecting people, processes, and data to cre= ate lasting value. The next decade in residential services belongs to those= who operate smarter, not just bigger.<br><br> Ready to turn your next investment into a pl= atform for performance? Start transforming value today. <a href=3D"https://= url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2= BaqM7ONnvsnswouzUZIPYw6M5V1c1z0HEIvuAKEHyrT9Xbymi0JoExZHbE3w-3D-3DRlLv_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4= j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbM= Khf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJx= e6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3= kA9-2FRMMYH6w77okjzHFP5jnhoFeUjqsL6U-2BLUXXHtQCYOzqtIN4l0VGyTAh7LrZ7PKIaJxr= Pt42pTc3kS0VOJGZDbAY-2B9w791qtx3Wx-2FWRxbhKEAEwANYcoEz-2BtQKvvG3ZKIMqcUeQ-2= FS1POWZD68XSHHqdkQ5PKZ8i7RGrXW7Ev4Aqt6CJ58ElPTy-2F9jvhsxezUD-2FSDXHYC-2FLFe= WOmfvicVZVtonYTineXn8ExbKystfDBEXYhAPnZA-2Bhx50-2Fjqnn4Da-2F64Chq5boHk0iuoa= T9XcDxfyKLS-2BInjAHC" style=3D"color: #1D5080;" test=3D"">Read more here</a= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>VC exit value in the enterprise SaaS market shot up in Q3</b> as AI = fundamentally changes business software, according to our latest Emerging T= ech Research. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z0HEIvuAK= iciGhcnNbWbGONeGffk2bQ-3D-3Dmf8v_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy= -2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt= 3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg= 551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9p= Y0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjwug1jr9PzbT9HJhz8ToO= PnIQvpo5qc2mQd7jiT7-2F0rFW46TxI6K7hPDFzXtJuCa8dRKY6yiqovzwfh2t-2FQhsREIDzSv= Yt7ggGIxcBSAg342z1sE93dMgjIHvjSQElBgF9O-2FBmIPyEUqfWo8iWWeizI3ThpsjFCQytWLB= RS0W2SAQk65IdbwCtx-2BANsTuboTgMMEFiEr48cWUDl4uDrp5P1Gaw389bW7KTnwI8gpEAgYOk= IM1y5iyGs9qEipGKZ7arDqICuMlPgfQnp84PTSjkg" style=3D"color: #1D5080;" test= =3D"" universal=3D"true"><b>See what else our analysts discovered</b></a><b= r><br> =E2=80=A2 <b>A record number of Americans ar= e hitting retirement age</b>. We caught up with the CEO of Aquarian Capital= , which views this as the latest growth opportunity for PE. <a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z0HEIvuAKcIuRW-2Fdm2Vu1HRbQgaUu4Q-3D-3= DOaNN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFT= Ml2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2= zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZT= Hsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHow= XZ3bbdsGh3kA9-2FRMMYH6w77okjziNwNtitEHmj13ABJOVHMCvNba2fHKrXvFAfKtubdD262mO= DJM-2BvYC9ERRJ1MoJWHZ7b5vpv18AVxqHy-2B5b5-2FWr23XY-2Fh7pD3umIEbBjSuEMXJD6Md= INY0aEkMGWsiEuT21kuO63MVtvl5cNZ4Bf-2FcJWm-2FI-2Bcx0OF6-2F-2B6EfwMRwpUgUC3FI= -2F3CvMVIw5KVu31DENLT068rR-2BjqQDyqamBSzHvr8QH3JIz8UM3UfNihUoHNj52H-2FOA-2F= mxRWU-2BnNgMtFbLBR-2FH-2BQcKkKh9x6Be2e" style=3D"color: #1D5080;" test=3D""= universal=3D"true"><b>Read more</b></a><br><br> =E2=80=A2 <b>CVC Capital Partners is acceler= ating its push into private wealth</b>, increasing its AUM from individual = investors by 69% in Q3 to around =E2=82=AC3 billion (about $3.5 billion). <= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z0HEIvuAKjls-2FLN88z9DDC= 9vMUrnRAQ-3D-3D6-XO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2= FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQab= vvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81= ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjx-2F2ah7707I922QIKIxl6o3w1PlwE0W5= cA3hN-2FGnvA34IuvGEnrYQqBgQN21qhiO6bCJkUUd9ZM-2BsV-2BTHSXDzcSYpn9irdXeIBBFZ= v3GddQeDsirNOnCNVb1hTU69bwKuFwEQBKLQVqfQaEzfhoorjj-2FnAYpM-2F7sVuC9AD1kfnzk= eGTq147AHOLbMGP98Jf8gJ3rd8z3Q7Ysvq9I2gy2Z1pukl8gVO1NpDxe-2FR99mctD9G-2BiZUA= pB0Zu-2BnrbAVNBVFXJ9EovJ2fln7GPTZ5QOAH" style=3D"color: #1D5080;" test=3D""= universal=3D"true"><b>Find out more</b></a><br><br> =E2=80=A2 <b>Interest income from payment-in= -kind loans fell</b> for the third quarter in a row at business development= companies, PitchBook LCD found. <a href=3D"https://url6380.news.pitchbook.= com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUZI= PYw6M5V1c1z0HEIvuAKfHIDkzdot7G-2FQxhScccAYw-3D-3DH_rD_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKw= uA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1= r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDt= N5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77ok= jzaRveGB5natydR5rmn7irf8AQ7or8-2F87flaGBd-2BdAqNAmdJQjpmDIvZsw-2B-2FDBk3FMU= AM38iuZzQ3JCGp7AMdnqR5KMMKdp3KzXwgGnHfXv1AYPosTB6e4wQCM8FTvcdgCB9FD-2FjN3Td= VfNa0mbrMMxldOxW8w2kbkMJ35GSX5m5bBTcoLhPOXH2HYQxCiCXNYUundFPBpwo-2FSugpWodf= KlJ835WpUlmFj3MpZ1XGOuX1Kmzzu5leQQH-2FiGhWlBwWZf51TjIDjQVPhgWDQySG4p" style= =3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Read more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574741" id=3D"n_574741" 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;"> Wall Street bets big on VC sec= ondaries as market hits $95B </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 = Emily Zheng, Senior Venture Capital Analyst</i><br><br> The US venture secondary market is accelerat= ing, reaching an estimated $95 billion in annual value across direct compan= y stakes and continuation funds in Q3, according to our latest <a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzVdWsDw8pCFlWz1a-2FIeB9U9nwBCcETTzsunvfuMhheARQ-3= D-3DclD1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz= sFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPh= mK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTyp= sZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdgu= HowXZ3bbdsGh3kA9-2FRMMYH6w77okjx9gic9xpJkfvwrUa-2FBSQCb3rQv9UsU3E2aUfkaZQ0I= 4YKQ9nbyzqZLrYKEqmq74fyHYQSMgdcGdTVOdxd3e4agOg4Orb31gNP4KcJQGMQ5KY1btD-2FMF= wQAmsGb4S0IY2pQXROm-2FnfwioK4doWTTdxjfA3JeHY77-2F9nq176dANfbsvHJr2fb5oeYD1q= uQhX2aeZUW7tITnWU-2F29Edr7mzrev8JCx0wkNnBUi546OasW4lYNdD4NVM6C0CPE-2B7taarK= EYnrOcT2WPyqjiY1WUxj-2B" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue"><b>US VC Secondary Market Watch</b></a>.<br><br> Direct company secondary transactions jumped= over 31% from the previous quarter.<br><br> Rising valuations for top startups and persi= stent liquidity pressure are driving record deal flow, and both Wall Street= and retail investors are piling in.<br><br> In October, Goldman Sachs acquired Industry = Ventures, a pioneer in VC secondaries, marking the first time a major bank = has bought a dedicated secondaries firm.<br><br> Within weeks, Morgan Stanley and Charles Sch= wab followed with deals to purchase secondaries marketplaces EquityZen and = Forge Global, respectively=E2=80=94moves that expand their offerings in the= highly sought-after private market and bolster their wealth management cap= abilities.</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-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z0HEIvuAKlKdxMEJcn= FU07c1ACXFTUw-3D-3DawiX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljz= QB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2c= zQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBap= hF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjxmzcqfPdE7iNWmocGywYqa-2FkMp7= uLzpXj-2Bj-2BcxKjTVCG1DSRGLkVL8nxf0NQRpnY11pnqZg3HSxtcWgw6IKNcFoUmMLv988T85= quoFRXGW1bWddSIpWSgSgQKEAqeyDkoR2qieGFJ-2B-2F1SwaBMxcS4T9ntjWa6XGL2SEBnnEsY= zNXsHq2I4HMC9n7gznBXADWNLtiU1LgDN3ST6FhYVvB-2B2zR8-2FrttxaWtXMXlr68yQb1CX4Y= K6fbWamXCtOPAxKBRdzG3BvKP3pHq6zqIhaAe4" universal=3D"true"> <img align=3D"c= enter" alt=3D"" src=3D"https://img.pitchbook.com/news/71418.png" style=3D"b= order: none; max-width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table 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">Smalle= r investors eager to access top-tier private companies have piled into spec= ial purpose vehicles. The number of secondary SPVs grew 682% and capital ra= ised increased 1,340% over the last two years, according to data from Sydec= ar.<br><br> While the acceleration underscores a growing= appetite for secondaries, the market remains relatively small compared to = primary VC investing=E2=80=94just 2.2% of total unicorn valuations and 32% = of primary exit value over the last 12 months.<br><br> Instead of spreading wider, the market has c= oncentrated. The top 20 most actively traded startups account for nearly 96= % of deal value, with the top five capturing 74% over the last four quarter= s, according to data from Hiive.<br><br> Late-stage companies in the AI, defense and = fintech sectors dominate investor demand, thanks to policy tailwinds, while= most other startups face deep discounts and thin trading activity.<br><br> With $3.7 trillion in value still locked in = unicorn startups, secondaries are well positioned to evolve into a core pil= lar of the VC ecosystem.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z0HEIvuAKlKdxMEJcnFU07c1ACXFTUw-3D-3DC= TP8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl= 2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2za= V30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHs= ye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ= 3bbdsGh3kA9-2FRMMYH6w77okjxOj-2BhBa0rN-2B0p34t8vj5FrzXcP6I14hiVnzbTW5EYaM7V= LDfbPFJ-2BAMycBbd93pBJvAVP2ODmqAty5DAzfaURTH77cUb9Hi1G4cE-2FN7zbnUKUHVl0bkG= vid7CCbGXPkUOeZBqwQm40KeK5vghWfPNAjQG5HaCieHhD-2BQdq035Xc8p4Yl-2BKLIAzf3skx= J19MWwjVklqZvwQhWRRf0jJOGckoaqWeHksid3RxEAk9aUxDPQiCuOjtV7otp-2F1JIEx2ypilM= JFzlg62lmOqwijmaN8" style=3D"font-family: Roboto, Arial, sans-serif; font-s= ize: 18px; text-decoration: none; color: black; padding-left: 3px" target= =3D"_blank" universal=3D"true">Access the expert analysis<img height=3D"24"= src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"ve= rtical-align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z0= HEIvuAKvFKayxo3lRXEYN76YMKWoA-3D-3DXFtb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB= RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2= BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy= 1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcF= g-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjyVjKIsdf6NrA1= 4ND0XPvyGHNRYKgFtGngd-2F5MW-2BHpt-2B-2BU1ufjG4SfJQO-2BncXS6xThJX2u-2BsStwAb= L1XUgNM0rz6qDaaqW5-2FCVaKjhXn-2FImnmbnalHwymLRwzdSLvTW7TzfxapUqBaMaoZ8HG3YR= XBna1w8Q06uCh-2BxrfBMLuxhkqhudFERIkJpk3qA0FPmr0WDHPQgStIhMHfjZjRM6UHIhDXGeU= yJXTl39LUq-2BwhUV2AkXKV0XeBQObWFEEUJ8izw8mRhXHeR-2F-2FyE2vb4bZ7f" style=3D"= color: #1D5080;" test=3D"" universal=3D"true">Nesting dolls of SPVs are pro= viding access to hot startups</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>2026 will be the worst job mark= et for fresh college graduates since the pandemic era, employers predict.</= b> A survey by the National Association of Colleges and Employers shows tha= t companies are not optimistic about hiring trends for next year. [<a href= =3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzUZIPYw6M5V1c1z0HEIvuAKg2OM412dik28tBLUccR9Eg-3D= -3DTLUx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhm= K2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTyps= ZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguH= owXZ3bbdsGh3kA9-2FRMMYH6w77okjwFPQQFqHMB6S0rKA8tFB6quxTX6yapHzSzOPzyJeqvDc4= 07VpNBTsuz8cQRtKgHLNGeAbVWKJ-2Fso81FnvqntqBqgAHGG1c5UVrs9lqS7YFKVZhsX6pl2x9= woNANxRfXJL1QyxAUKP0wADgDgTqWMQTxR6vl5-2Bqbe7V-2BAdrxDvraxczmMQey8uP3UcnnIo= -2B2O9aGeCUIvJaqyjjD-2BzQdTkh-2FVAYvLTYNYJfie1ogRKDV8FddFGmsI5RHb0n-2BiYwly= AqGl6EcrGJ-2Bb-2BtfSQyZjVW" style=3D"color: #1D5080;" test=3D"">The Wall St= reet Journal</a>]<br><br> =E2=80=A2 <b>Chinese restrictions are bringi= ng a rare earth mineral into the spotlight.</b> Manufacturers and suppliers= are concerned about a worldwide shortage of the element yttrium, which is = used in engines and temperature shielding. [<a href=3D"https://url6380.news= .pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns= wouzUZIPYw6M5V1c1z0HEIvuAKJ13Gt8ln-2FzO9YCcmXdp7Zg-3D-3Dfz6s_I3w5d9c01gkD8g= LzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-= 2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVE= BCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBX= SSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMY= H6w77okjw-2B-2F8760jH3WOhCtq55R1oQRj67EAZTgf7aKQdrrVqAtbmHj6rC0nKTDBvHq-2B4= NPvd6OTEYCHUIjdhBjSq4qHYi62JXmOaluoEwzlWB0Nsn219kSmGcog3c37rskgwALT2zUTQQZX= 8p8k0vmEHdzMToVvzIOUG40MF4iHGaidkvwuCoB6oIH4Y2ZO1FbahuJ5OztNbsQjLfCK1eis8vk= aA-2B7Gt-2FsVWgMrSARef30edPfpLTWWLe-2B6e2j9Cy9ZEMBnkh3TGuj2qZ7n-2BYtU1Q6mlY= " style=3D"color: #1D5080;" test=3D"">Reuters</a>]<br><br> =E2=80=A2 <b>Anthropic says it thwarted "a h= ighly sophisticated espionage campaign" choreographed by AI.</b> In a blog = post last week, the San Francisco-based startup behind Claude detailed the = attack on the model and how it was shut down. [<a href=3D"https://url6380.n= ews.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzU9sq-2BYcfK8ZwZdtYJByNg6DigHYOfHRtlq5c1a40uoJw-3D-3DLRe2_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2Y= qX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2Fl= ZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeO= hBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FR= MMYH6w77okjwnKn50dE-2F-2FFcsqVd5RED8mcsHPfU6UJRMxo4iRBtFSxLigviBHWxLa3vvrkZ= fxZ0QunyZrwNMpVYJx95IYELfNSMSXMBEi22DEgeGgJvf2PIn7ccvClj0POgT-2FDyK92ZB-2Bm= EXub9-2FTXgjds7tetxJLk1czXEYQKfARrL6BSwyIa6bMN4dyfZCxrjEUXDnS6RL2jlrlK6zlzL= xEM9etaJrURHMA23Hkx12VYlnqj65K4Doo0qvauJzv-2BYi21BQhZqvSR0m-2B2uwXu6UBDdm6c= g8v" style=3D"color: #1D5080;" test=3D"">Fortune</a>]</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 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<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;"> 210 </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;"> 753 </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;"> 234 </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;"> 7 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding: 0 133px= 13.3px 133px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= 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OV6MzVhyrtX7APNYf2G-2FC4XzY2BMHgMPcOoDW9c4xlD-2FfOGAWzKk0aevl6rhYNO6XxYjwbj= ZMNG1OfZrSzn-2BovvcV53FYAGWvtnN6w7dbVgzyTBoKE6cDeCTlPmuacdqHNEhLUchsSXzDkFU= p-2BK-2BlglbfOgYz12vQlvnVaSAaIE-2FqX4YwHDxNzwCPc3D5O6EXJN61pa2DjdwK3p47gsc7= 1bUhejNUDCaJYKQ9hgjhQKbah4l3l49A" target=3D"_blank" style=3D"display: block= ; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E;"> Request a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> <td style=3D"width: 20px; min-width: 20px;"></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574727" id=3D"n_574727" 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: 2021 Vint= age Global VC 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: 40.66852367688023%; mi= n-width: 40.66852367688023%; max-width: 40.66852367688023%; 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">4.38%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">10.77%</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;"> 0.00x </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= swouzU9sq-2BYcfK8ZwZdtYJByNg64rmG2XpIkBR0I2HuUdrMQg-3D-3DQTWJ_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX= -2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZV= EBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhB= XSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMM= YH6w77okjxuPkerjIlsZ1LxQpU086Xv-2F9w1yEuOkT4-2FeQ4Lc1fPgLygYLf7vfQ7-2BnHD9y= 0ljCmRUx7nAxFW4qtfwWsr2Z2QL-2BKHdZvt445MTYtPGUubG2q1iCAhQWFHyueOamgsxY25A8Y= t82miy0AZYmAwXCdiv-2BKi-2FxfsYbeqjE7uKbglPFKSVGnAcURiYFYiInXcCbU0s1Nmdqf14s= 5yTfYAO2uwXM84IsMqyfhIOh9-2FqvaGT-2Bgc24Mww5t8QXp1rOXT0n-2ByXZklF5TvdEiZdvW= u4cLI" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univer= sal=3D"true">FemHealth Ventures Fund I </a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzU9sq-2BYcfK8ZwZdtYJByNg6QCbq2Fpy6PjOn0w4HEsJtQ-3D-3Dzz7W_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX= -2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZV= EBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhB= XSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMM= YH6w77okjyWDaULK8HgOV9Aq57cE5wrq3qdQ2bRgfT3ZkUsxswnPBog6ESpeFZmBJiwJATtGRMe= 4eGbBAmj-2BgNaojIlJXGtmQgauk0jyJLAnBBIuQtqbm5SqOrzmibda-2B7KLdFz3lR1hBrgkKi= KZ6CRQzz109SfuUCfw9gHK-2BnQdiVMediDBrOW40FBD5k1qAiWV24fGTF9-2B3YNF5RxnMT2pF= zX1oXGtBjul-2FZJmGy0TJcyOm0-2F9KOoglzcHhbO-2FTltolMRgQ9iU0KIwUj6TpALt2DP3pK= r" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal= =3D"true">2.12 Angels Fund I </a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzU9sq-2BYcfK8ZwZdtYJByNg6IXf70M-2BlLPkjp195j4uhvg-3D-3DCHEd_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2Y= qX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2Fl= ZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeO= hBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FR= MMYH6w77okjzXE0JVFahg8aXzq7PnSXmpc0yZbYDQpCy54-2FvslPnsx1Vk-2BmPdr5RKWMHyOQ= V1qyOg4-2BpDA-2BkzpLQbFzAEnVMmAxSutxlt59RFO5YX1mm85N0A8t3eN1gk-2FxtKHq-2Fy-= 2F8EYZAHB22gv5EuJNYgbhPL7OTmxreKgsoj8-2BMNos9ZpDHDGWYKA6C7B81thMLgovQhFrgD7= V04xU8sAQzNkZFFILvAAyxWA2tGhsyx-2F9hvpgzljlgEI2mNYKyO5LnGfmt9H7V0tpkbNgbX-2= BFNY6liyU" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" un= iversal=3D"true">Longitude Prime Fund I </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 14px; color: #78766F; = padding: 25px 0 5px 5px; font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td> </tr> <tr> <td style=3D"color: #1D5080; padding: 25px 0 2= 0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU9sq-2BYcfK8ZwZdtYJByNg6pwRs= T7O7LsILb2epQNeDBA-3D-3D9C33_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv8= 52ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-= 2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJ= HCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjz-2FZ5JFLrQ1bA5CpCpm-2Fe= 6fUgbourPXraadBMPHCp8E0GcwqHVaUtuYLbJv0JP0g4Rbbb-2FxgacT0YsEynTQ5MaTNNrYixT= qLFYdAp1iyoCu69WbSNoSgF51Ql9J9UmBhoULHvlNqh04Jf-2Bb3SxUmEmR2-2FVkPGZhwee5Y7= 8-2BgteF2B7TpVJlxuzI3AQ-2FvpnGXYBjeEWggoEq8fK7gsBDqZ1rqFFnSFAOHVuq-2BdsKvs-= 2B-2FfBM7SBfm15B0O8eIQW5vM49-2Fx3I938Mpj72tIYuVbWEv" style=3D"font-family: = Roboto, Arial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 70= 0; line-height: 24px;" universal=3D"true">143 Funds in Benchmark =C2= =BB </a></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check = out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU9sq-2B= YcfK8ZwZdtYJByNg6SGPN3ZAUvg-2FyGUoD8dG0-2FQ-3D-3DzxXA_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKw= uA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1= r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDt= N5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77ok= jx6qlQwGP4k1XbfL8DgnEjjg4C49DQu6R9S8p-2BKPnkYo1yNh7soHQAlhRSI4cqgPyHkNDiBcv= sfX9-2FwB3h9IhuzsJmkIZxpBky9Z1GNNWgNK8rNVvO5eZOJGvSeOKM1RE-2FfXJd17NpxNCFg9= 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left;"><span>People</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU9sq-2BYcfK8ZwZdtYJByNg6QWkkeOJzt48B8FLWF3= NPAA-3D-3Do9xT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-= 2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2= FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBR= G3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjw9XjRhLaSioNglzkVn5Q0cTWmMmZJZiJA6k-2B= Q0DsVL6u0S0F2udXrAqiTtqaSsFI-2F-2BD2fNHle1If4YIIDYGanGOtup3-2BdMalt4uj3C1IX= d12iOxXZLxANobZtDwPTRnl2SFAwtdq46s-2BlLooZJqkgBKw83imRoVUqLpY8k6Q0TDv9XZefV= LiciHSTJijt7aH-2F9wdY-2BFVXWxyZ72HyVcUCWaSerHRAJ4742aZ1WN0xz2A4vPbEiiohqWUq= dWhxt5UzQgRfuj3wvdT4QJLkWzwpD" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true">Blackstone</a> has hired <b><a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzU9sq-2BYcfK8ZwZdtYJByNg6uOvIhz79d3cQug4bb0jQVg-3D-3DFH3B_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2= F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEB= COG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXS= SbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH= 6w77okjzMtpBV-2BPXyoXfeXBU1YBEdgSWkJtJfaiTM8nFczwyuvu6QAXch-2F0wgBZe9J8i5sf= HGgXgBAjjVQDRNXZebhhVOLb49P9lGmdtJX9astRS0kevfN3TWCcFjZPGkGrMh7-2BJE02EHLJX= h6kmnwJ3bqxA8zyTV-2FGotNq23a9Ngf2oWfV0CqfOMnVyT-2BiqlWUTcmiaf0gROVp89zBi8Z7= 45ptPWD3sh5vftCAJVbabKX323k-2FDxS7Jq-2FLhXzBIVB-2Blv0fIIseQT5BILdlDI-2FQcUW= I1i" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Franck Petitgas= </a></b> as Europe vice chair.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>VC Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Former= <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUnGaHbJCO797luIFrcCsWX-2BTRXGE-2Fyv= JwMjzXzIQnjIQ-3D-3D5dKt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljz= 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: #1D5080;" test=3D"" universal=3D"true">Silver Lake</a> and <a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzUnGaHbJCO797luIFrcCsWXWn0xOs9ef3n9johbmT43MQ-3D-3D= 2xhS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTM= l2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2z= aV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTH= sye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowX= Z3bbdsGh3kA9-2FRMMYH6w77okjxpiLeL0h1RFD2senX2TKK5qP-2B7wQFtWK-2FPL6JyY4M8ts= oN17aMWVplk013FczDnGL9MDMJSHUiyHWgeTR8-2BtIF8JG4eFvVnbEIuYEd2lArVB-2FBCR-2B= FY3eWU6JKYZPmfqLYTxXOgy3OBbyksXVd-2FkyxMPCQLQ5lT3G4EpmmzycLZ8ZzSOGKxgKZpP9g= aMPMknlxjh1OlLbo-2BcQ9NFunimYSQnmOhMdvQBbfI1sfru9HGLnKvnG1A2hvYdiDfWenjW1zR= vCPkDwAlWNEToaNPZlB" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Adidas</a>.<br><br> Energy exchange operator <b><a href=3D"https= 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GFa-2BaqM7ONnvsnswouzXBD-2BZnFjiQIbjqBhO66tShsjXPXIPcksxtytsa-2Bm3SLA-3D-3D= TnPT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTM= l2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2z= aV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTH= sye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowX= Z3bbdsGh3kA9-2FRMMYH6w77okjxkpk7Uk2eR8d3GOUme2th-2BYWbTgNI9-2B4M52bOssQdPU9= DuT3cD-2BBPd1fayKXxNqfy8H0lJT1RhkE4yiuZYmKO-2BNEidBgOKn5zRYgrdAN62lxPDViiyw= XgD7JQ5PxnIpWu-2FEd8BrNyJ4KNj5VJ3HThcTUljl8bkzSmm4theOT5-2BgGIBhkcftfuwyPYY= QRWkC8Xfjjp-2FsgRoHh-2BWkvIVJ2dUTtggCxefbaaSr5bLuRMloeLsDXrT7j6DqHYSUakNlWq= efuNA-2BaOXLEpA99B6o5LY" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue">DCVC</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBD-2BZnFji= QIbjqBhO66tSh1mzcdlDG0xaRJ0LFC0BhcQ-3D-3DfwBc_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3= jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxb= vfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoi= O09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjwFb2uRF= gicxd3zOgBJjCIcl9op09RDNb-2FbhmMbxsSUmAiqe-2FQR9buftp825AJ-2FOHg9Zo39XnaRbg= cn4pIXra6-2BAFnp19ch4-2FsQ3uVJhMBOaRPbqG-2BAdX3u49LEcj-2F-2FH9bnwH4tvLa-2Bo= YFXGqmQuyBHOuueoJ5tMGsPPGI2AiKbTu06iBkS7ASbVZTbDXz3CUk00Zd6jnEYurUsbjIxQPTB= HRfbGjEUnVKRREGh9C1dSnMdveJtIiBsqEso8K-2BYwoJlY2WG3ZshacNOQC5EvZIp" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Netic</a></b>, a startup = developing AI tools for plumbers, electricians and roofers, raised a $23 mi= llion Series B led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBD-2BZnFjiQIb= jqBhO66tSh79iuSFI2tLoB1VSYDJ4k-2Bw-3D-3De8IR_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3j= Eqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbv= fzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO= 09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjzu5gm69k= YuIVU6s8-2BrbNGfF6Cq83vE2gIIS23z3wlQf5u0dn-2FlgLk7-2BOgLehVN-2FpbJNRlN4DjXl= 3giRUt7l5ObsXHHW8HmQgoQ8e0IJlXN75TVTGAXHQFIajZjo4XVfC75vtt9g1-2Bib2mrRpZJco= v4dYGGiuIemBO5fDuRiMW3K4SVOVN9zNNu43Cy91qTSO4YBfJmIIiWLe8rJ6DyRJiQt73zhJPa9= lDSEQUgvbMqqzKrEPeLv-2BLZtmk2yDHgqkqY-2FmwaR-2FybrE6GR0K89ITS" style=3D"col= or: #1D5080;" test=3D"" universal=3D"true">Founders Fund</a>.<br><br> Ireland's <b><a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzXBD-2BZnFjiQIbjqBhO66tShLRCfeVQgw-2Fk4BLuy3-2FHNiw-3D-3DLi8H_I3w5d9= c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j8= 96Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKh= f-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6= mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA= 9-2FRMMYH6w77okjyfWgd-2Fx3nsa9dsWK-2FeFRgSJetn-2FmZsqKrUhrQZ-2Ba7d24cCaZ-2F= MU7QF6OEPEDXg9QMywM5it64kVuwbc-2FO9zjNaPvLNSOaFfjT1PyBz8tPDyUaNDrC2lDZKx3GI= jmdWmOxKsbLy10O8OxIYz3BlHxs9JnWzeRWlT-2BBBz212EZ6E-2BYoFZVsV99XFjCPNiszUvwm= 3kk7yWYPAA6XVStoY-2BE0H5v9iznimMhjO0l1zyuhuGMFmh4RyYbfoIvPFGKXlsV9WFTDU01DN= SJm7gB1yokGH" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Lative= </a></b>, an SaaS-based sales performance platform developer, secured =E2= =82=AC6.4 million co-led by <a href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBD-2BZn= FjiQIbjqBhO66tShV8TVcj7Y0qEUiIgU8xWH9A-3D-3D4_SX_I3w5d9c01gkD8gLzFEofZR-2Bh= 6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2Qx= iA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBm= Txbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQR= KoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjw5dy= qLUbSs9xh4bua8Cwlifsbn9zpvIdvyDYq4usa7NCS2bZjD8J5I4BjWFBfUXNpizF2Lq5ToLj09H= LP16oDigxciNVtKydBg-2FTOjzLh768KjN5ELczGx2kZNkf5JLfSriFwetowY3LBFcLpox-2Ffi= O64Jv6S1-2BgwspwxnvFzVwDzrCUxeXWzTEqdADRV1RRaFZ-2B-2FH-2BXQ-2BTtuwkq2XuFf8o= pWQDBowoC3SO16ppotSL-2BFs7MrqBy6QJ-2FJwpFZqiGUekt6JlYDsIVtw5FHQLB1U" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Act Venture Capital</a> a= nd <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBD-2BZnFjiQIbjqBhO66tShLKX9Mp195= UPuf7mF11gBpA-3D-3DAo46_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljz= QB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2c= 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A9-2FRMMYH6w77okjyDlKeaI0Brv-2BPc2wrssOxGD70EMXAMIpfeGqiQQ-2BNq6dw14-2B-2F1= TdBOs25qcZxXLtrJp4OSaDd-2FKuqZzsMsGkNq-2BDhPGNcFDHENM7yPNgGtMynixVnGG6qtgJ9= 98hqSFRC8CBRxcZyMbdOxwV5PfVZ9ji9PBAu-2BhjOieNDz-2FugVCdiJSxRrotn7ymXivibSdB= KGdlCIvYyMyhcI-2FVKt3l3cHd0SLU1H2m1nO0JHiFfihM2dD7TRxbP-2FX05l-2Bz-2FjJ9azR= hGjyHXOnCe4zNHWAMdp" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Lifepowr</a></b>, a Belgium-based virtual power plants developer, received= =E2=82=AC5.65 million in growth capital led by <a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzXBD-2BZnFjiQIbjqBhO66tShH0uGOJNKVIQAjnK1D7bNKQ-3D-3DDJR3_I3w5d9= c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j8= 96Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKh= f-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6= mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA= 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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_574634" id=3D"n_574634" 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> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXBD-2BZnFjiQIbjqBhO66tShqindT7hWwTQ= T-2BY3WuMeG5g-3D-3DrjOU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljz= QB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2c= zQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBap= hF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjyA4T0F4LlB1-2B2N3-2FiEz2Hb7X5= brtkxgmHTd0OU0BM2WXuMH88-2Fa4VEi3Sj4v0syxqPLZa8f08YGthwd574MPMGIRvaTKTU-2Bn= j6m6e1udl6fZ3CgBdae1le5AjJLtmFlJ0Hlam6cc-2F-2BBg7zCkXGlqz3ung1ZoX7Foi1VQ04m= 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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-2BaqM7ONnvsnswouzXBD-2BZnFjiQIbjqBh= O66tShqindT7hWwTQT-2BY3WuMeG5g-3D-3DgAQN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-= 2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzyd= y1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qc= Fg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjwH3-2FzaPxDg= ZD4ZcqVjWnNWbGBI4oypcS0Tm6wqyafhfiIDp6012caVCBBpCrslc5tgNgr8cNFv5vwoJAtybeH= 8lKLxTWldo5wqu-2FXwiR8q4kcvDbCpQCVWxDJ1bJThkgpvLLAe7f3ByL83ztKp6IXYJmlKekyh= 5B-2BOPf6-2BzMfUjhu-2FZkLDSwZhKsPGu1p1uQPMO6p7hDeTMoZtl0SoeaLdifsravdMApNhE= 8SD0yOsqHd3U3v4Iz0Oa-2FRZCrYATgUcZAu1oBQtuq0dJ9qT6lDF" style=3D"color: #1D5= 080;" test=3D""><b>Register now to secure your spot.</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Atlant= a-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnV-2F6hBwUUWvKmapXj53f= MmSXtr250i-2Bei82hxYDygxQ-3D-3D8Ozg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskX= Dwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5k= wgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2B= o9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjwaJ2Jr4J-2FvImoiV= yW-2FfU0-2BY9dEShuwFYDcpSUZ-2F3ZCn-2FkhzM-2BFNN-2F13hIikDOOiUQKPUIUvHBnD-2B= ls1Zg9k1r1SiVPD8aSGFlsjxqe0RyKhv7QGq9pHAa0aCFyOgKwZI9Kzs3AxT6G7h8J3PJtq-2BA= e1GyebRRJtwo5cUHtitrUptPvw7Tbyklvg43sujBaNg8dxKDd4KmRkfv7SbQoPs2UmimnZUwU-2= BSEcrPrKC3ipQG7ARp3pdvuOsZfYpJbv7wAFlKi4qepwHJlDzVb-2BsXj3" style=3D"color:= #1D5080;" test=3D"" universal=3D"true">OneTrust</a></b>, a privacy and dat= a security startup last valued at around $4.5 billion in 2023, is exploring= a sale to PE buyers, The Information reported.<br><br> A group of investors led by <a href=3D"https= ://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr= f6GFa-2BaqM7ONnvsnswouzXnV-2F6hBwUUWvKmapXj53fMvfg5m-2BQ54eVuV0zczikQIQ-3D-= 3DNOfk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= TMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK= 2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZ= THsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHo= wXZ3bbdsGh3kA9-2FRMMYH6w77okjx1KiL-2FjZBz-2B7zSl3VRRYEwMwTxI1R7tBEJyP27nOgT= pxffVWJq6-2BDEwCOksmtga9gvUHlOZp-2FU820MtPVbxpx0aW43gF4sNIeydAgga5wb1xbicao= WJgmHmCtXickXmk34F5TnfyyFxJeNG6Vphdkm9mJa2vRSGSOx1NRdhnzSgyy3FlTtHPofQ6RXmm= JrEU5YPVgmWqynhRY6nEKnwubhSBVg-2BIJJJsOyViEXrfD1T8-2FAIwVb8QAyXC4rzcpGGK3fe= UUh-2FPmPy2O-2FLq5Y3s-2BZ" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Warburg Pincus</a> agreed to acquire Canada-based financial services= company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnV-2F6hBwUUWvKmapXj53f= MXwU-2Fr2c42-2FqlT8mbmM-2BM-2BQ-3D-3D2Qy-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn= -2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzy= dy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09q= cFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjxKfCZC98HVB= F7twFFT59AHXjs-2BdM8IzEeZBhq4bUK720rBi06y8rm2YeBS-2FGGvMUE-2FZkavD9cGwDuykk= 00zNXj0GK-2FJLoKO2qmBrjMDH3FPXNiEuCa3OCY6qUFhhzbEx9OhBWEUERrHZaDErf4flS3c1u= RctA4mvI6fnz19T0PkrMh2Ha-2F3EV6Blf029ya7Sct7v2COf6gg7DXE2wo2doOwDvdAEfx1L-2= F1-2BXyTmB39bEfGIEjyg-2FOGzsl6fM9LhSTSa-2BFfxNlYZYv3X18gYTz-2F" style=3D"co= lor: #1D5080;" test=3D"" universal=3D"true">ECN Capital</a></b> in a C$1.9 = billion take-private deal.<br><br><a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXn= V-2F6hBwUUWvKmapXj53fMJuiZd2JiP-2FTE06lorMzV5w-3D-3D7n0W_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1a= FKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG= 4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbi= hDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w7= 7okjw9W1wvR8Q-2BM7geIhpNQTap-2Bi4SpbvQI3KaA2Fh67q-2FZb-2FkQHv6t5cKDyNY33pM7= 1OjrmcpIMrMcDL4OUYIX0nEdLw2ENyTW2UYpsTH3wEkNVwnmcvBr4FCv7veMs28kOE69OnPFLOL= lac-2FfEwhRJIZe-2BLTBDQCyZR8-2FN2Bg0vQyg61aLOeoP0xRx-2F3MmBV5xVNthP6heHLJ0g= 4eFypEir7yayoCWnSuSe5aHykM4ZbfsM4LfFSOieyWlMvXwmP2kRNIMH239ODHjKgWFFNpoJq" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Leonard Green & = Partners</a> is in talks to acquire the recreational golf unit of <b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnV-2F6hBwUUWvKmapXj53fM4ALm5e64r8-2BzAZnR= sOtJIA-3D-3DLSIe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg= FVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2Fyy= A-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx= -2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydC= BRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjzn-2Bw7XVMkxj25U7-2FZD3uHE15VROV5-2F= rgnylblnsgfOkiwDqj3Bjl3gRl79LnDJKQecOJbUivM1NevS54LfWzQEW1GjNZodmU9nd6LQf45= J9TxAcSGfV8ozhvMx48fapbkiB-2BYhn4fUfrJ7gWQ5MY2DK8BlZgeMw3HD2y70Zigz6m4I0eP3= f-2B2-2F-2BMpYzmfGBHO7U4h-2Fcir0fkt25VJk7BWS-2FGRON3fSlVPOiHUquq135HCowNf5y= 4ggILyNsZpDWuxINiSffPoFYC-2BBF830L6A8" style=3D"color: #1D5080;" test=3D"" = universal=3D"true">Topgolf Calloway Brands</a></b> in a deal that could val= ue the business at around $1 billion, The Wall Street Journal reported.<br>= <br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnV-2F6hBwUUWvKmapXj53fMAjWBAa5Z= 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</table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;">Toronto-based PE firm= <a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnV-= 2F6hBwUUWvKmapXj53fME40UFbEE8c-2FWAuDljD0ySA-3D-3D_jxq_I3w5d9c01gkD8gLzFEof= ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFK= 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HY7ujDKYQNOpDDD1JT7zIiB0NoBdohfsmOmsECMW1ZBnmJ9VEajLVAjUyuPcHJHlgRwaZZ-2Fmy= Aj-2F2zzegozC7jZtU46HBfYTHIEOPA2U1mGuwe0bDQeU4PnwvCQ-2BKHGU7pHICjyc7bh8SilC= dBT6ixtJxjvKgEBI3UOTWiCKjPc0jtc7RTAOsJYOTKypTHOU-2Bj4pK7m3YTVRzspAI45HPaiOm= j-2FFGpoDTBSAr4LbrfOEb8mFsiCCJ-2FB-2BxUEMqLawerPCMGxDV-2F" universal=3D"tru= e">Brean Capital</a>, Bloomberg reported. <br><br> Israel-based <b><a test style=3D"color: #1D5= 080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXUeVIoWbJIk9bqDEROKSy4UiWx5STH082= SoBhhWJ4u-2BQ-3D-3D-ADS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljz= QB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2c= zQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBap= hF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjzYEnRlTBXGB-2BSemDgt4kUNqjC1R= 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la Ventures</a>-backed <b><a test style=3D"color: #1D5080;" href=3D"https:/= /url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzXUeVIoWbJIk9bqDEROKSy476-2F-2FANmKVKMOs5-2BX991jmA-3D-= 3DGiGX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= TMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK= 2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZ= THsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHo= wXZ3bbdsGh3kA9-2FRMMYH6w77okjym-2BItqmcZ6itnN7JtG-2BNSgeng1F6fCp9rFlZvpPYnx= Wc2EArmDaQtduVAttOCFtiy56znFJ-2BcklDpZeK0RVeD-2FtemwZvl1SobTSfmjoK-2BSirsdX= P7Y8Fqabwl2KsOflbXTY4hTxjNrp72uTcISzeqHbltnZFHN84lTo1eefo9XYNFnFNNrcYrkS34s= ZnC3YAqGYbI51-2FCO2KRJJg06MOOqwIrxqLRvJIE-2BtWmbUM0dIW0U-2B6sa1PcjFOkdGr944= rr3YV74nqTSatCBDJC7YMTn" universal=3D"true">Teamshares</a></b>, which opera= tes a platform for acquisitions and employee ownership, agreed to go public= via a SPAC called <a test style=3D"color: #1D5080;" href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzXUeVIoWbJIk9bqDEROKSy4dtQzOlbNkDxwZb00igYfKg-3D-3DzYWC_I3w5d9= c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j8= 96Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKh= f-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6= mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA= 9-2FRMMYH6w77okjxQVxs6Ra6Lpp4Q8n9qFBUydtTllixwLaznpSohGp0WOk9PAQMueYur9KoZW= e-2FwaQAyx1lIU-2FLWInHP5i6h4cjzOvuhZbaFlRie7O87xshk3nz6JVaL6xwTdI7kssfevp-2= BZAyVjmEOQjIMqXwAmPQ5AFXQUS-2BbzdvImNg3ntJx1lZqXqPT3QCUjwcpLvhB1U4had-2BV4P= Yizg6Fp3Yhb0n0-2Bfz0DXUP5hFR08Fi0klE2Fij3LUcTvJ6wFl-2FLfVIebj1uKxL7avKnX18D= dvqVEUty" universal=3D"true">Live Oak Acquisition Corp V</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table 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-2BaqM7ONnvsnswouzXUeVIoWbJIk9bqDEROKSy4n8XD4CZeO1T9tDKO-= 2FUBvXg-3D-3Dv3ZH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2Fy= yA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvv= x-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81yd= CBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjxGR91R8tRhnvgtW14XWr-2BC8DBkHr70qU9= kLr3DZR1c-2FOis-2FbvQOxI5jnmngyx8GuEuNHTHh7nNlJTzS3QjdFW292v8pWfauFaNYHHFva= jmS2C9MXg6b-2B9ZsIzki52usJvYjoKsdYpn8RuiBp04-2BoAWGzRGoIaVTm7p9FIL5LDLZpdCi= pIs0CQt8GznBqjtusOH0NFTN-2B-2FtarJnUq-2FT02ThREaFi9TeNAbYxTukZVIMk-2BcLapjj= B6zJzCYE0XGRDtcc1vaivnkhL0h9is0PclCG" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true">Diameter Capital Partners</a></b> closed its third disloc= ation fund on $4.5 billion.<br><br> Solo VC investor <b><a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzWJNhPndVBpvvWka7niyh67FuqazxlRcYa0vZssollTIA-3D-3DPTO1_I3w5d= 9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j= 896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMK= hf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe= 6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3k= A9-2FRMMYH6w77okjzTTVhrcbD7Lbo7nr8WuDQahtJcadEz5MhGKwa02xRsD9oZ1xJb2A-2BXyn= zoplfw5ECY7QlegqzhpEua3MIHJhJYBLBcEDeg2Lb3QLF5dX9QapTaHXvMqzemuoea5wJQr7LsC= mrpc7t79pJX1iyQCJV3EuEmWbNCx24UVQoOpanH2OfYnYFf4K2nB0B7qyCcz7uEgGec5tfRfyfJ= nzmxOho2PuagfNQwby-2FzbjiljzjR0sxoXCbGAQdIQLmYBETV4W8y3ilM-2BilwZ6g7kHeJeYp= B" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Elad Gil</a></b> = increased the target amount of his latest fund to $3 billion, The Informati= on reported.<br><br> London-based VC firm <b><a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzWJNhPndVBpvvWka7niyh673OGxH-2FhS61tQL-2FllVJfcIw-3D-3Djy= gs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2= RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV= 30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsy= e-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3= bbdsGh3kA9-2FRMMYH6w77okjxVT2U2qS0sbzNDirt3epwwimRunw4sCcHVBD7swlCxC-2BHEkb= Cv7qe7MSdmCjTnTBxmrnT1ZVBdeU5-2B6dgMGN8La3qCrKHIsh60lepW2fFRBbjGosHG5A1QMJ-= 2B0rXVM097eIMiHz6Jp0B-2ByrR2PZzHrmhUgNzQH0pZV2CnT0fs5IWA17ILPv2QseVeYaYk0iu= NKMQ6TpCwAvuf47L6677-2B20jnAMdFkd-2BeghXTKnvX-2BpK3M56GA02B-2Bfcr0ULgveADRU= N7UMlTTLiGuM6UyRRJJ" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Medicxi</a></b> closed its fifth fund on =E2=82=AC500 million.<br><br> Former <a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzWJNhPndVBpvvWka7niyh67AWduKVscPEKfbVrwHagXiw-3D-3DHHHV_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1a= FKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG= 4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbi= hDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w7= 7okjxfBmn5kLMf6fVOOpByX3sxv0k1VSGFRfY0fX9jBCnJEqbNh068IvKpdIQzpltQEBGlSR3Gx= oOMJOiLtqShlHUV-2FrST2TZvBFCHDsdNFewYF8Qy7pv459lHqc9rZXaAK-2FsXRao8lPfFVZK-= 2Bg2QOCIeyzlGWL88Zfnr0wazyIVZ-2F0mE3uxtJCR-2BoN5WjiaJeb-2FXw83Tko9vBUQR3EHa= xzffnqP-2BjaR-2FNcGL-2F2Hb2ynMbvcQ19w4pmvoamUnOO-2B9HQpaWIkdeCsSMoxglaNRBbQ= JG" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Eurazeo</a> CEO = <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73= BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWJNhPndVBpvvWka7niyh675kyfPmUGgLYlXA= BhzPFp1w-3D-3Dn2XN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe= UgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2F= 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cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Investors</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table 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">The <b= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWJNhPndVBpvvWka7niyh67NXrqGFQvKdu5-= 2FDvqsomMoQ-3D-3D6sC9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB= -2FyyA-2BPbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQ= abvvx-2FjxTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF= 81ydCBRG3xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjwRz0HqKSEubiLc-2BaOHHSa03Kh5WaB= 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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>Corporate M&A</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWJNhPndVBpvvWka7niyh67SuEsd7Xd879LSl6FPx4R= tg-3D-3DvBeT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFTMl2RIaUVO4j896Y2YqX-2F1aFKwuA2QxiA3jEqn-2BskXDwt3wv852ljzQB-2FyyA-2B= PbPhmK2zaV30gmvbMKhf-2FlZVEBCOG4E1r5mBmTxbvfzydy1K5kwgg551-2Bn2czQabvvx-2Fj= xTypsZTHsye-2BlJxe6mmWeOhBXSSbihDtN5lQRKoiO09qcFg-2Bo9pY0SJHCBaphF81ydCBRG3= xdguHowXZ3bbdsGh3kA9-2FRMMYH6w77okjy2lOccEwF-2FGoRv5qFV6yhvjmpjH758353tJeYc= c-2F9MpBCkGd4Nai8ysdLAuUMuGKxDfo0km2DqVEkbD-2F7h6K9BYHlodJSif7597NjTw5CQIs0= AQnrOnEOQ3N6CvVzVolZK0NCnXs9lW85UdKBk2kZsYt7VaxgK9UB61De3opa6u8cpmLIiBZlZ5c= 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S56vLAdQzvO8Ez-2F4XkJDb-2BmfFS" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Cidara Therapeutics</a></b>, which manufactures flu medicines a= nd other immunotherapeutics, for about $9.2 billion.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td 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