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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's secondaries spree; real asset returns weather stress best; agtech f= unding favors animals, robots </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 25, 2025= | <a href=3D"https://url6380.news.pitchbook.c= om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVwTkoWtN= Vu89AukeeZupCNVl9hVKr-2Fzfl37nqn4Ztkcg-3D-3Dw8K9_I3w5d9c01gkD8gLzFEofZR-2Bh= 6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4d= e51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gf= EnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtR= E-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8JnUY= teIOMxWBuHfEmm8vRW1vIOOPbqJZFu00sAvJrQD-2FNd3FhqZ8cYxLLJfCJ8ROPmxhFjs8Cmx4P= kjhH4YhmgXOkkFhorQMVZgWC5xRMNXgKvi4rpuUNNt1DwuDtRpx4kgpYN-2Fbb1Fey536MWphES= -2BwFzSj8JGOo1vpbQ8IIPKMelYEeuFRqxUTdN-2FbDr4qZFIho7h091poGLu8QChe07W1m-2FY= bEOkoYw420muFgtFjLcjyG4EVNj-2FC8gBEeQwxbahMUXc5wmPHfLfFftFrvT" target=3D"_b= lank" style=3D"text-decoration: underline; color: #1D5080">Read online</a> = | <a href=3D"https://url6380.news.pitchbook.co= m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQ= kjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0dASWMAkXrIC3kg-2BeC0SuDoyGjKHmOSdfo63= E0RLyaXhmtZcu9qypgyxWwak1NhA0coLyWLpIGucErQpvbIjaXQ-3DwwpK_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHx= xmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk= 3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZ= vjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxi= ijxTO8LCWFtHPQkgSrV-2BfhOA6n-2BGVouEoPCLifWC44Iq2HCiMxNQTXtswueTLL-2BQw4xiF= W9Iee9JGBjmJEl1hCk6PacoDw3-2Bjm5zJ9Fz5uk692hTyaveTFLKEH-2BcNqdbJRGO0qCq84eq= R10eUIQQGdtGsoFmhBpZHpWTnk4gws30jHWvnXZXvRyZLJFcS5fqECIG6JTl6h8U0kANv0mJLGu= 79x8wGRVElY1sqTVAgpl2f9NK3aRg-2BzNqDDKyx59506MCW4EuN3iEEbzlJK-2BeGE9q63Rt" = target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Mana= ge your subscription</a></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td style=3D"padding-bottom: 14px; 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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;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</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; borde= r: 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 cover Revolut's fifth share sale,= AI mega-deals and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zha= MYAiado-2B-2FEP5ts-2BEDetZzaS9haA-3D-3Dp-ke_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zR= FZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy= 5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2Bx= IAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8JFao87yXI= kbM8WXmT7kLz7Bfxn-2BkejB-2BKdpp0YjusINynxmEWlwku7kg5wS96NCcYqpkNZsayKNWjcN-= 2Bz7OnRgqCVFRUL9Pt2O0QbzCFQx4uJONeidEhJohtadohVfMVKCGqbsCgK7WNDgP2MimtX5A36= vTcA5ou-2B03aH8962pxy-2FlSQXi50F87HX9axewg3735nVGyT078F79NVMB1wGcU8VUw0dYw-= 2B8k2c2cRkVuFmlPhWyXJb11q-2FFNRq9-2BhbhoU8pPXr8DfNiIVUXfFzH8" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true"><b>Wall Street's recent acquisiti= ons of VC secondary firms</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><b>= <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiafT5mEQi-2BH-2BIVmC= 217XVYlA-3D-3DPRwv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe= UgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYI= CgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyK= gPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2= Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8IgEw6XfYFC5nBt7Ew5fqtOAcwoJiB6b5at= drjucMuVeNX1BRZi1ltn3VECwYz68WUZlTMrCqQIR1T1OXeqjgGtzJ2cXxEDpo4eGQxgG6ygZ5n= 2BN8Ao1tV-2B5nX5aS35NpB3lzgejAwHwYWtsykp3xYr5RNFeJGjxMNPnXrjHzGAh7tFwki8-2B= 2HeE0HGhzmUTEMmSOyEBadv70ZN69yL354btosMNp7e6jiOjMpMoW18LiMAhzImqXG3QcFktnfn= pf5C5zr2Tq0y4vsYj8h8cco" style=3D"color: #1D5080;" test=3D"">Sign up for Th= e Credit Pitch</a></b> for weekly news and analysis of the US leveraged loa= n and private credit markets.</i></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_574978" id=3D"n_574978" 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;"> Just 4 deals made up nearly ha= lf of AI VC funding in Q3 </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 = Jacob Robbins, Technology Reporter</i><br><br> Just four of the 1,086 VC deals recorded for= AI startups in Q3=E2=80=94funding rounds for xAI, Anthropic, Nscale and Mi= stral=E2=80=94accounted for nearly half of the quarter=E2=80=99s total deal= value, according to our latest <a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcB= TiPF3Cs8U6zhaMYAia7MUKYYrdYIWRuDF0QDYO6Q-3D-3Du_J1_I3w5d9c01gkD8gLzFEofZR-2= Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt= 4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9= gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBO= tRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8KG= MKlv7BSB5yjHMGucDCg9dZSXQGmdxiNFrwG-2BlzmJWMcYzTG0BKWxe5yOzBio9gHLLRNnQR9-2= FPyxJjMq0SLFqgfNedwf7SFEG8aWtXLue8u5wfKeNd9kfjNxlJUELmi4YTbBGzev1pl92m2Axe8= nZ8ioTadkV7w642o1ablP1kduDzV3n14-2BW-2ByAhfg2AaNa8wnexCoFIgDc1ihg9LeCKDNOik= ABY9IvFvPongbcdqX-2FZ-2Fix3-2Fa-2Bc287gvb0aiQlyof6hlmLSmywpxoLYBmEd" style= =3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Emerging Tech Research= </b></a>.<br><br> As fears over a potential AI bubble fester, = VCs are backing fewer companies=E2=80=94but investing heavily into that sel= ect group.</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-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiaZ4iJa8PJk= B2qjI8zZfpOGQ-3D-3DdBcD_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s= -2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudG= mNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-= 2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8JsdcAnOY-2FvQ-2BGgVJtIAy6U3Zw= Rp5bzYkxWbzD-2F5SDJOHkzTNbOaq4aAP0GVwvcFyxwewfMJlrNFpsizXE1SwdiS1io39gMyM5n= pnysGjgVCtWOCyfWLRFlH6W6DBlRDAOPDTiwMvnSwcvXWIkaybHNDGr7I3JC0nx9gVOfbE2g7Ph= IKXXfopu50Hw9Os3kWnhf1E8Au80DAxtQ9863-2BuKkH2TZQQlkUJvaEeCRyrZj3R5ijz-2BZ-2= BZY-2BauCbb-2Brf306kyveXxYbS3nEEkp3FRgOx" universal=3D"true"> <img align=3D= "center" alt=3D"" src=3D"https://img.pitchbook.com/news/71545.png" style=3D= "border: none; max-width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></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">Invest= ors are continuing to pour capital into startups developing large language = models because nearly every AI application will be built on top of them, ac= cording to Dimitri Zabelin, a senior AI analyst and author of the report.<b= r><br> This segment, unlike companies developing ap= plications that use AI, or vertical applications, has attracted the most ca= pital by far.<br><br> "You could say, we don't know who the winner= s are going to be yet at the vertical application layer," he said. "You're = fairly certain, though, it's going to be built on these foundational models= ."<br><br> Anthropic, xAI and Mistral all develop LLMs.= In July, Elon Musk's xAI raised $10 billion in debt and equity from Morgan= Stanley. September saw Anthropic raise $13 billion from Lightspeed, Iconiq= Capital and others, while Mistral raised =E2=82=AC1.7 billion ($1.96 billi= on) from investors including Index Ventures and Andreessen Horowitz.<br><br= > But then there's Nscale, which raised $1.1 b= illion in September from investors like Point72 and G Squared. The company = is a GPU cloud startup similar to CoreWeave, which rents out remote access = to Nvidia GPUs, allowing customers to train and fine-tune AI models.<br><br= > The "picks and shovels" play is gaining more= traction as AI continues to devour computing resources and prompt the buil= dout of data centers.<br><br> According to the Q3 research, more investors= are focusing on backing AI-specific semiconductor startups, with funding e= xceeding the recent historical average of $1.9 billion. In Q3, overall deal= value in the segment reached $3.8 billion.<br><br> The surge is driven by an understanding that= there are more opportunities in the AI space beyond just LLMs, Zabelin sai= d.<br><br> "Thinking like a VC, I wouldn't put all my m= oney into just one of those [LLM] companies," he said. "I'd want to diversi= fy."</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-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiaZ4iJa8PJkB2qjI8zZfpOGQ-3D-3D1= WTH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdn= bhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oS= q6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhH= SbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcR= rP79U-2BfH-2BZYkQDxiijxTO8Jb5EcSQu1a2YzBif-2Br-2Fp7lrm7MCvmNtVYSan8tIDg9cmq= zBt0UH3-2BYIToFARp0y8phSAEzF0yrwC0sgJ2ETMtDSiQQAIv7YQ0zQ7xU1Awn-2FkfRhKZuA0= aWEFwQ9g2udAqlfcrEcfczmwb0-2BLox1dz0z8cycb2piiu2YhCuVgqHhRQrSnnIIZgvkbQJMT3= 9M-2FZN1oU9O69LVPOcPGXSyo1-2BbHylwJ3E4B4tC9ygXH7mgidfrY8QzEHX769e6Fj8x4KRpE= CGcfPRCX6nJjocTj-2FO" 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 report<img height=3D"24" src=3D"htt= ps://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-alig= n: 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 story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zha= MYAia7onX4nuhoQ-2BqeMfOYohA5g-3D-3DoHeH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB= RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlx= wlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRt= C8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR= 0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8Jk7eT6WtlBHL-= 2FrU2WCPHgJasFO4GBgxIiSuoG3EfjAY5jAW-2Fzd0oqmQ4Auy6WgG-2FP9ktH3rvQzaL-2FnwE= wC-2FJAVZ6HkppXJbHLuyMvJq88uJTgpfnX-2BnAKcYg-2F8EiCFt8wBLZgIl-2Fj8K4AIs6EbA= vn96hw5h3A16gEmVaTElJSMLX-2FtQNIXo5MwFethriygemfjfyCaf8W5I0lB1HQnZ9fqjgIiLp= dAvZMLZzcllAj8wzp2fSADmmDx4B2XqluLg3ctz-2BWddKGUVLM3nIi4oKDA" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">5 charts to help decipher the 'AI= bubble' debate</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 Oracle NetSuite</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_574706" id=3D"n_574706" 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;"> CFO of tomorrow: Your AI guide= </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-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiabTPij5X4x2HD-2B= nsuQc-2FEvQ-3D-3DgPXr_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2= FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmN= SyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2F= e-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8LGNDmnT-2BHLyxl8K7gMyzvA-2F8MmK= y90dBcyOaaUUeHyY0dyRP8Jb65-2Bmsv3LyX3XoVlPLftimocSc091W-2Fd-2BVvPOx1Ny8R6tK= 47VP4h7C8E7VWZOwqKGiXrS3-2FLOvpvxOlWAlx6g-2BwvpvQi2frFm2syf9TOkv-2BJ-2FJ9wF= uJKx8kI2-2F1drkzQKp0R5GhVIA78XLYuPPzdSUh3ljku7FYIWhejgoAUVM3xjefPQxg7sPuv0M= i936os-2F-2FEARh5T1mp4O-2F58QXIjfhwnn9JyfLVzDIkU"> <img align=3D"center" al= t=3D"" src=3D"https://img.pitchbook.com/news/71237.png" style=3D"border: no= ne; max-width: 420px;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>You don't need to become a tech guru = overnight, but in order to position yourself as the CFO of tomorrow, you ne= ed to understand AI=E2=80=99s potential in a finance practice.<br><br> AI expert Glenn Hopper breaks down the roadm= ap in his best-selling book: Deep Finance. Download it for FREE today to le= arn how to harness the power of AI for business benefit. <a href=3D"https:/= /url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiabTPij5X4x2HD-2BnsuQc-2FEvQ-3D-3D-77U= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhv= Kobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6c= lU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQ= FbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP7= 9U-2BfH-2BZYkQDxiijxTO8IBYJ933olfYDc-2Bw-2BJJhRHCCtUf4u29Ry94Pc8PbSR6u7XFan= MtW-2BQlyn-2Fiue05hR-2BWTaeQUQzzE5KSLwa21SyRDhidf9UxDGHPIGlcrt0aBv0dfrQsazo= 01WDD7KNARQYBaFhc-2FviO1MBPadWvUbLSuP11mnsXqbqPhTUnvIKPUGzLq1-2BqbU4eYa-2Bi= CjE5LpO1Fln-2BcFLOIrgy9ZWbwZE4-2B1P-2BJyU1QXw2f03Wuq7aMSWTnNDbveFZCm75Mc1qy= V6e39vIqMEeUBz0IlsUQOFC" style=3D"color: #1D5080;" test=3D"">Get my copy</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>Revolut has reached a $75 billion valuation following its fifth shar= e sale.</b> The deal comes as the UK-based digital bank aggressively pursue= s international growth, recently pledging $13 billion to support expansion.= <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiaTcZl2q2nAArls= YI2nirzAQ-3D-3DchQJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FY= ICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSy= KgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-= 2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8KR35AGU4kmMSQsrwgyQN6x7eEB1FbIzUn= 1e3ewbwR-2Ft5056FJi6JVxqRA9-2FpF4RDnFYiCilyP44AD8yxo1mGC3maAEw0iGgo6N6YQ5-2= F8KzDHPOT6E-2Fsh4MI4QpDqzk1PUh1aW5cW0aRXkztinIdsDxiDJ4rMSVnM4UppgATdz4Pzv66= oOe5W-2B6PwHAq6JznLUYtLlkVgNxB-2BvfqZfOEh9n4fJnR1v9Uvg-2BV9E7EZHHwjRHNSYe1O= PxuUvjhoqYXYkFoLQBFX1-2FnprNk118fV-2FK" style=3D"color: #1D5080;" test=3D""= universal=3D"true"><b>Read more</b></a><br><br> =E2=80=A2 <b>Our recent Global Fund Performa= nce Report</b> covers the selective momentum in Q1 across private markets. = Preliminary Q2 results show real estate landed its strongest quarter since = early 2022. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiaS= WrEU-2FEWkaR-2FpK9y-2FQ-2FlFQ-3D-3DElU9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB= RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlx= wlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRt= C8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR= 0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8KRBRPcumxcvSG= MV7rMk3tg0PHe0nhzWImUyDKQ8ahxd6xjD8sn-2FHlSftlhYBH-2Baa7-2F0tGBjtuCkuE7j-2B= s-2B7OUb4vwvhshqHoyXi3Hw1vU-2BPn8MPMEX7gc7bEhX4MghCCZSqgDXQV0cn5IKsDKLuHcko= 1nz7BAoumZHGvV-2FAkZd7nvjvm0zE-2BT9otXWBqHuoyDS1rseR-2F3pVIZfCKkuXf5wyEVkzV= fjIkPWM9hFxp9ssuwTBmChl-2BxObvULNLSYdMxXHtQKU9GvPQFcUOT8CpBx" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true"><b>Read the report</b></a><br><br= > =E2=80=A2 <b>Startups focusing on animals an= d robots</b> are bucking an overall slowdown in VC funding for the agtech s= ector, according to our recent Emerging Tech Research. <a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiarFkVLkk7up4wM1X5zveAMg-3D-3DvJNZ_I= 3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKo= bkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU= -2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFb= gZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U= -2BfH-2BZYkQDxiijxTO8KZxjDLYLSZfjteVMGxaOkC7QGZmy4CKQ-2B43n1BV-2B5-2F1nqMfk= Hr4UrNfs8F0HGRjJFSTqeh-2B9ZVgesPC-2FQeBzyN-2F5H20b9FBNP7xy8-2BTnlaK-2F8Rifs= pFBoYVnLPpfSlscJ-2Bu1dD4EIfAMZywmzEgJaYj31k7rEeTaSyaaBGzzXP4uebhVltpJBZPOBL= Y-2B1cuv1-2FjQaqkrzgA8UdfYaR1wJ-2BIzRlOMi24IWDRyeKMq9JE4h46k74Wk-2B2FR5eMiK= 1mcZMeZLJwEvJEqmZGrG0-2FXa7" style=3D"color: #1D5080;" test=3D"" universal= =3D"true"><b>Read it now</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_574975" id=3D"n_574975" 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 banks snap up vent= ure secondaries firms in liquidity push </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-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiado-2B-2FE= P5ts-2BEDetZzaS9haA-3D-3DU8rH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy9= 2Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6s= D5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2Be= yvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8IWS22fZSedBD0TA3c5LnORL= Mrx-2BZ5YbGoOso2lkGsxIrAKFOIbaztNzWEEJZg2buf65jo5-2F1IMDVB-2BqS9ZextzgrsDOU= e9Ovr3wjod7o8YHrXFF-2FPhZJWKF8oum6CXS4oU6I3UCwOTp2Xoj0cJ7bZjCqHL7Xb3xddARjK= LS-2FOfLFUmvMThivFlXUmkokoyJug8FRdFW8rYw9o8m-2BnQMoajQtIk0uUZJtU-2BDjaQ7kpu= EpmzaCr-2FrfBT1qyPTH39bHhsGUAkX150oC4HSvsPI4O4" universal=3D"true"> <img al= ign=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71533.jpg" st= yle=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">(Spencer Platt/G= etty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Michael Bodley, Senior Venture Capital Reporter</i><br><br> Venture secondary transactions have been hea= ting up=E2=80=94so much so that Wall Street is on an acquisition spree to d= ouble down on the assets.<br><br> In the last several weeks, financial service= s giants have struck deals to acquire at least three secondary shops.<br><b= r> Goldman Sachs agreed to acquire longtime VC = secondaries firm Industry Ventures. Morgan Stanley made a deal to buy secon= daries marketplace EquityZen, and Charles Schwab announced plans to scoop u= p the publicly traded secondaries exchange Forge Global.<br><br> The deal streak illustrates how Wall Street = is playing catch-up with its startup liquidity offerings for both instituti= onal and retail clients.<br><br> Banks, well aware of the growing number of v= enture deals and valuations, are pushing VC strategies through their privat= e wealth channels. But they often lack the in-house expertise and deal pipe= line to increase market share on their own.<br><br> "These acquisitions do make sense, both for = EquityZen and Forge," said Emily Zheng a PitchBook senior VC analyst. "They= are playing in this niche market, where they're democratizing access for v= enture capital."<br><br> The trio of deals is also the latest sign of= the consolidation in what has been a fragmented market, according to Aziz = Gilani, a general partner at Mercury.<br><br> "My expectation is that all [secondary broke= rs] pair up with a big bank," Gilani said. "That just seems like the logica= l way to go."<br><br> Secondaries are often the only way for many = investors to get their hands on the stock of highly sought-after VC-backed = companies like OpenAI and SpaceX.<br><br> LPs, meanwhile, are pressuring their GPs to = err on the side of caution in pricing secondaries, as valuations have seesa= wed since 2021 highs. And GPs have been mindful of portfolios heavily infla= ted by a small number of prized holdings.<br><br> "When we're evaluating diligence in fund por= tfolios, we tend to discount pretty heavily a lot of stuff that's on the bo= oks still at marks that we don't think are necessarily realistic," said Ama= n Verjee, a general partner at secondaries firm Practical Venture Capital. = "But it's mostly the value of that unicorn or a small number of companies t= hat are driving most of the actual exit value."</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-2BaqM7ONnvsnswouzWxcBTiPF3Cs8U6zhaMYAiado-2B-2FEP5ts-2BEDetZzaS9haA-= 3D-3DDzUb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMp= B6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRT= dbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcU= X5vVcRrP79U-2BfH-2BZYkQDxiijxTO8KFItyYkFUnnGbihaHAPSMh0kc4HL-2BVUaouTolLQjb= sEwOkMOAyKlBLatwmMRkeM68sCcpD6dBI0y-2B5exkSitTC42vl3DsPKCVb4CaZ2NhdjJnJgksR= tVf5vr919LKQS2LOTJ5RlRgAP6h9Q1PTHDhBcNUDUAj8pbxm3K5LyP0OgsOzbifiaSfZ4fdYZvd= f1rJ290KkQA7ZDWnMWgT1KEfvjp10X5yPCcQ4fh43VrfqAWsbl21TrQChNAgRaUJMomsFxVhRhA= hQDWI5VQCiKJne" style=3D"font-family: Roboto, Arial, sans-serif; font-size:= 18px; text-decoration: none; color: black; padding-left: 3px" target=3D"_b= lank" universal=3D"true">Read the full article<img height=3D"24" src=3D"htt= ps://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-alig= n: 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-2BaqM7ONnvsnswouzXnhfSrKura0KCl= L0ygNwjY24cEpeP2OIi8JEKyYrFx-2Bw-3D-3DAyEv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRF= ZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5= xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxI= AzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8JypDUHoOPP= tbez2ii-2BG8kCDzk-2FNHLv6DQU8AAaEX5RkYISZdH2YK3L-2Fxy1hx8VLE8b6a0FZKDikLmPq= UOEg-2FNRBD1T-2BfNDUHV1K-2F3V7ibym1e5ka7cpbhgOUbUlOXjxI7PvCGxs5cTQAGmlsCayH= 1XJRw5TBYfW-2BQQk8IeUGXOUbR82WyhbhuTi7zAh13gh0yS0rSMniVuDO827BboddN4IcubuyE= 3vGxDPfLgl0LEJrT2tiYA-2BPj3rOKJgktLsbtWgI-2FewfgxqSnd7FN55-2BwA" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">Q3 2025 US VC Secondary Market= Watch</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>Fei-Fei Li has been publishing = research on AI for 25 years</b>, but didn't expect it to be this massive. I= n a Bloomberg interview, Li emphasizes using AI tools for the right reasons= and the power people have to impact its development. [<a href=3D"https://u= rl6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjYfz2b2M2D6kR-2FdDBVMSqbEg-3D-3DNBxQ_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobk= vvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2= BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZ= XttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2= BfH-2BZYkQDxiijxTO8K-2BPvSYgdjWlJu7OSPuIEbdANtXyRV5KNHmzC7o7o-2B8k3rfpbACC0= VeiZiJVNsoOQzSf2gwY0glpPTEUQGlStMz2tM-2FeBAhQnGcbsJkTpMbteekOqfviX1CHUeSfRt= SC6kXC6vIfig5bVLS0kDbnKsefx0NgO-2BLoomobg8pPK13vxJTnGjBv9ModxRz-2FSgdpk6gCE= wldM4WstBC8qywfAJBkcKaW9y1bJL-2FH0eTlbbTbQRdYSNF-2BkW-2FEurFQxwPw-2FJy5xbNQ= -2FrRKmr1s5fGKuEs" style=3D"color: #1D5080;" test=3D"">Bloomberg</a>]<br><b= r> =E2=80=A2 <b>A new biotech innovation is usi= ng AI to diagnose rare diseases</b>, and it's better than Google's DeepMind= . How scientists in Barcelona built popEVE to flag human genetic mutations = that cause rare diseases. [<a href=3D"https://url6380.news.pitchbook.com/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KC= lL0ygNwjYAUtI8AA1jKMjT4TXV8Njyw-3D-3DrW2L_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZ= lxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5x= RtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIA= zR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8IPSxSN3sk-2= BXXlsbq5kEKSnizpw3e5LYL2pfYH6EHcZvtqRVIZqgxaFhq9tfWvtW3ObnTBtpUoHbyoQckcxGJ= JWNEpSmPV6ZN6m7aW1318RHKnMVT4ODJci9386a77tX-2BOx2J6ISW97gaChfacW34GMihE9oBE= NMGTalZEd-2FYnZYDrakWjmHwvUJGXtYIyjIim5hcgnXcyS3VuomJp-2BfAYfw4pv7OrSCq4EDb= LtV1cxDhSPm-2F172XfTKFJdkZHl4ZDfKGET5rVowF7kxgwjkqKk" style=3D"color: #1D50= 80;" test=3D"">Financial Times</a>]<br><br> =E2=80=A2 <b>Musk wants X to be "purely AI,"= </b> and is trying to replace all of the social media company's engineering= staff with Grok. Two brothers from Ukraine are helping him do just that. [= <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjY1TxUWATkXaxVUSiQUp= ELJQ-3D-3D0pUi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOj= S1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3= UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2= BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8LfeNdV5kJK4KZy503HL-2BOH1hNzvqD2YQklop= zpsaq-2FCbHpHhUfOsQ-2FB3tfmqno8Obxnkg5UvPWMr5dWXFjtqPME5n7ApV-2Fkdt7x-2B0Ei= xxg9p5o1WNM0ryiX9WYROmCIgccP1bTbXWN5IKcsNyoa0CvNybW4R0JwMx-2Bt5pT2JN-2BI11k= e8ub0-2BrqDvL-2F8Bx3e76jWniaehonY9NU2iiY8d75AmLojM74-2BBHlMNmcoJ8d7C5ZTV7dV= wpmSTT9Yt33JWtZnxxRuzWChGRKIFhoMA8l" style=3D"color: #1D5080;" test=3D"">Th= e Information</a>]</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjYeWIvQkNypKyz3nRdoWdlTQ-3D-3Dqtu= 7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbh= vKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6= clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSb= QFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP= 79U-2BfH-2BZYkQDxiijxTO8KqGwIFrBsVOu8kO6n-2BcOinCNPo3Wn8j1PBsSG59MWD-2FSBuX= fLx7CwTr4qyRU5RBztAe65hPjbYl4iROyguQvuVQ-2Bo2LGAhxit0Zcyrrgsrwhdp9YX0tMe6kj= Z6yELVLwhPJO-2F-2FERuktucgNqhmIZBwn8GKGK0NtDANvNEDTaXls9pK4XChCMEF4lbLbVTRL= 9U3GapqdUOIBN3GADJ4IXSZYQhRfN1wWf8PMXmhKzj1GQp6jGSP7DpSNEciC3qDiSPygNW82iyn= A5I-2BOECLN72c"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4= 363/460x120_pitchbook-banner-ad_nov25.jpg" alt=3D"Ads" style=3D"padding: 0p= x; 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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;"> 664 </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;"> 2181 </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;"> 931 </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;"> 33 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding: 0 133px= 13.3px 133px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjY4ALTdSXf4CEuP5hzbPpfjw-3D-3DpNq= K_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbh= vKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6= clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSb= QFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP= 79U-2BfH-2BZYkQDxiijxTO8IsPgft6R9N4FUW24A1WsCmHQ04k9Nq1440qi1AaOGwiqk2aIQWz= uaM7G1KKGO92saBAQMaiG6oZuAvbhDRUUF-2FnbSDljg8grqZddj7CIqLwDzY5aPPMNzq3KiRuM= oly-2FEqeqqDDV7kNpIElREtCrMbu73fpVYGeXUZX7d7PZ79ZfTGGSZJWElKZQLY2A0yYhegKek= yL3tcLBRWspDj4P7aIj42c4mJotBGp2kmgOmuXy-2F7aiZWo1oXilSgVtOEDEDkEg2qx5SREVxd= IEshahgE" 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_574973" id=3D"n_574973" 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: 2020 Vint= age Global Secondaries Funds </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table cellpadding=3D"0" cellspacing=3D"0" lang= =3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: = 10px; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Median IRR</td> </tr> <tr> <td style=3D"padding: 0 0 20px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 76.3143018654607%; min= -width: 76.3143018654607%; max-width: 76.3143018654607%; background-color: = #1D5080;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">13.50%</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">17.69%</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;"> 0.18x </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= swouzXnhfSrKura0KClL0ygNwjYKs3nIa8UTZ9kYsl3RSBpHw-3D-3DUz_x_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SH= xxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mk= k3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0Ikwg= ZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDx= iijxTO8JgEc5zWbZIM3RhMUedz6vm5v0BwsMy-2Fu62bt4qKuWsVLlGvemnyNlkd4-2BoZZWN3G= AJfJJENHz-2BQzev-2Fa53-2FkR-2BD3-2Fs8sP6TXvIiaTodtFKZfmyLtSDuu2jMm7x-2BWodd= pGRJv-2F0ebPjquvJrJks8zepqZGzW6F0GRr2-2BrP4oMVrtFCS73IHMkgZECS2grD-2F6fxNA9= XpKUC5huCNAikjeRrn-2BxY01Un35vWyLUdRZT07hZWdyaq3rkdFfT5-2BA4ChvFQhj7R2P5YKx= 25veuTZu7Cz" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" = universal=3D"true">PA Secondary Fund VI </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= swouzXnhfSrKura0KClL0ygNwjYDZ4MQFmSzwDR6WFul00z8Q-3D-3DFNRM_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SH= xxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mk= k3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0Ikwg= ZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDx= iijxTO8KtsrT8TQHqAvkyQeWVBzuY24bnH5zCmmM-2Br5VZyD-2BH0kwNVb8JEe-2BqSn7YE52V= UejrlrYALtOjSpM7p61Q89BeseT-2BqeOO7FsVnciR0jBF98KnArKkErqiwFsFWs4EVy6Qj7Hrk= p5FgZWnXXWqHsezNY6OzVpyuKqkXW795HlCqVthRV8UtZTr2ok5M6-2B1cMVx-2F7VsPuy2tfy5= 3qAQLpmDS2ErhVDT-2BVgWVsK7sMJ4xQzwKO8SbX0-2Fh466OUlLx9FAoz-2BjL9f-2FEhusnu8= 3LxWl" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univer= sal=3D"true">Pantheon Private Debt PCO II </a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzXnhfSrKura0KClL0ygNwjYPC2dVHEgZ0s4TwHRN-2B9-2BZQ-3D-3DPkM-_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2B= G2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iX= E6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0= IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZY= kQDxiijxTO8JCyf03SfJXEB0dOrZoPqmDAvYtCuBZjmOSmzIJBCoCsHY6O89DLXwCdkTx8-2F0s= fW1W7WUvgXckGqZbnuUJNT3L7xrTsTw8VlLBIvjvNKnVSMHDEFkx-2Bfhcjb8WAKfiltHigsi-2= FKSq-2F7wycULKioUQ2XTMLcYQlZ1VP8YvZrvbqrYmWO9rAAkbqQd1XnhLc-2F088e-2BAASUJQ= KWIOdFte0H9cX3oh1Wzu6KpxT40FPoAJ-2Fh8zDlivUi9pmRy5nBxs3jZa4lT6yWZ-2FL-2Bf5P= opIo9jH" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univ= ersal=3D"true">W-Prime IV </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-2BaqM7ONnvsnswouzXnhfSrKura0KClL0ygNwjY-2BTCI= shtCarog0UZ8q54hyQ-3D-3DSiuy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92= Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD= 5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2Bey= vmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8LkC2SKoWehk0p7GLwjB0GX7z= LgGTojCVLw9gMhjr1xnp-2B2DNVYqJq4ALk9bzVc1e1HvZkr-2FctTBoF8gs1dBYARSxYS7oHcI= tidNkh0a8zYHyiqynJJibRx-2FleIPsdYAmYFGtgNd2sqm1J6ngk7wC-2B2ltjr-2FNucf-2Fik= 8nBhFRAHNcZZazoiocFqnVIItJ8gxbKgzmml2yXSgxyNxfiqSath973pz8AjAo00MluGktu14nU= Cfg5uRzT0SVqXaTthdQc5Ske6RPZRXDtixQivj-2Ffj" style=3D"font-family: Roboto, = Arial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-= height: 24px;" universal=3D"true">28 Funds in Benchmark =C2=BB </a></t= d> </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-2BaqM7ONnvsnswouzUriivIb= 2Cv34m3E-2Bx9AflslRfPdKp-2FfR3Y0lcTHKxtiw-3D-3DyLP7_I3w5d9c01gkD8gLzFEofZR-= 2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlk= t4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw= 9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFB= OtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8L= kVE0Zmi2it61brLvJoxUm0bKx3ol71IP6B2-2F4JSeA4OM4-2FdJEo7ixOq8qwv1Gs1-2FY4-2B= zp51mq8bbESLMIfsH-2Bij1a4TPcuGc0-2FBu0N7ekWLAhx8qKQxIawC9QbH8KvQI81G8sb7Ui3= ZO33VDTU-2BhLoz33At19jjEAbF-2B8afAOGvddZP7b4D-2B-2Bpmdtep8eMb-2FcAVTAI7hbAV= MdUxkziwmXsNfmrAXZyJv1M9xshJyL1Cs4nHmHvmwReO2QmRNM-2BLZCfPT-2F6JsGWFAGJnxUF= hFo" style=3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Bench= marks</a></b><br> =20 <h3>CORRECTION</h3> The title of yesterday's = Daily Benchmark was incorrect. However, the data and fund rankings within t= he benchmark were correct for 2015 vintage North American real estate funds= .</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">China-= based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du= 001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9AflsRPX= Su90zF280CibdADb7bQ-3D-3DHzry_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy9= 2Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6s= D5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2Be= yvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8J6janNBed1pnuSJch-2FM6s= OeimrwytyIWVRrh98XzTOn-2BNeZtJqvXneUbgOTnS-2Fdk96IdL0gQWFnaInZ4eIh2J0ko1gnP= TP0HO39JKq6ep6BrBrJTYASSN96fjmBnunMrPuTacrB5GB164cdBiU0NBMp34S3SNPtOHg4-2BH= x-2BDsai6u3PgsJVXHmmvsxEsxxCTUziRapLZnOJNTNDaVr0-2Fh2rgPsORjxmjHhNc-2B6w4sP= neZ-2FVC9ldVEPN4Mdq4k2intzKbpXoZIO6OoUgtsjFez9" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Moonshot AI</a></b>, a generative AI model deve= loper, is in talks to raise new funding at a valuation of around $4 billion= , The Wall Street Journal reported.<br><br><b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzUriivIb2Cv34m3E-2Bx9AflsORdA1LMe1O0CxVY3gdSomA-3D-3DUfQ__I3w5d9c0= 1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph= -2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ7= 7iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIe= pq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2= BZYkQDxiijxTO8LrwB5eq1l8snIQ-2BsnWHmE19SEbzEBxrjD1UR-2BMadFkwaNXV07wqkCiP1-= 2Boxfo8LMvQ5gaB7iPh-2BknzAy1tR03ODo8bbR98qX-2BlODKjxY0wJr5IPmUEWZtpnv8QAOgs= mOZd-2B5qRMFeDfJHhgTPw11w-2FGdr6hB82Q0tFrCEIeso1gifYTC5aJBBEVW2LxRAgDaBw3cQ= jG7a6vl3UjDOhERKc-2BCGUgagJRFLVUn5oBZtBZAHIMqs-2F1ZE4UoCKfym1PKLv2UpQ9iil7M= y6KTywFlaD" style=3D"color: #1D5080;" test=3D"" universal=3D"true">X-Energy= </a></b>, a startup developing small modular nuclear reactors, raised a $70= 0 million Series D led by <a href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv= 34m3E-2Bx9AflsammHcEQ-2Bc3jwcRP1rHmFMw-3D-3DyQZK_I3w5d9c01gkD8gLzFEofZR-2Bh= 6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4d= e51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gf= EnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtR= E-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8Lj7J= hpL0LpXkES6VR7dJjxE5vKfvwg6CGk8vTvRD8tJmsJGyzD-2Bh4vNtKxtuabwSHfvVhLyNW2bK-= 2BCqKQgO0ewTRXMdtpD0Ra8-2FDCpZ0EOilXOiB9PWq3vxI6M-2FaCTI-2F4SLrb97W2FF56coj= WRyqpDrLT71G4DbRBxvp0GMAjmTNescTLipgvYGp0lWZtO65EghqyCW-2F1KFKMc-2FDDkuONhw= a7hbhWRe5wKmo8jv32xonkO4tRkP1dBSdDvvAGuBvQx-2B5NvN-2FTlotPj96aNSe2z" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Jane Street</a>.<br><br><= b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9AflsmT1jGgDDA6= 3DeNXhHlQgeg-3D-3DzaZg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc= bdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-= 2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGm= NSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2= Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8IUWU-2BrB4-2FZgW94ifi2rpnSloAu= Qp55CC8gHZyQgMmlIl7rHJWE18UeKxj6VN9Gzql-2FOOfUVZVxwfxrVS6-2F4RdMQaZMJ4lixJy= erImp5-2FURZh0YbVhlQnBxSE8eiaJl5qwl4CGYL-2FVTRnw0cwpM6QxgJgCegVOwkklAvvbQqV= SNmp-2Bb2QPKoxD53LupVmVCbc4zNRTV0j7cdqiMCQKYLqMhscJb2RtVP5zeVOSTTDlGbzK-2BG= DgS46-2F9-2FXACy-2F0kLZTDXT4Sq6Kd5zuFeC0ijE4S" style=3D"color: #1D5080;" te= st=3D"" universal=3D"true">Model ML</a></b>, which offers a workflow automa= tion platform for financial institutions, secured a $75 million Series A le= d by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9AflsFUuKvZg= zW5I7Inb2kn5gtA-3D-3DYByv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our= 1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eu= dGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmR= C-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8KLIKM19MMdfTRGB0p5QhRJaDlnr= ru7FOm6Nf3qhfsdGn1xiPtwyPbyKnIsviBUM8AJxpVbAQa0mkVW1Y8n2f3z8-2BJJlo4icTHJOQ= 0Xd60aKKlngmXi-2BC6mQCsQYF9b74kMA51HSaicBxZPqI7gNESxJPyQpiZDsfMIwVAXn4Kcf-2= FkWeProYnD46OpkTCQS0uqU6Zff4QuBzpcTyVjxZ-2FuXuqTD2ODBcebyL77VNy2iG4jpFJ3BdX= D3vBaWKpDk-2FbsZLYjlzEOphzBF1fwvfPoO" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true">FT Partners</a>.<br><br> San Francisco-based <b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9Aflswibu4eiXk2rbwGha9Gcxrw-3D-3Dv3ab_= I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvK= obkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6cl= U-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQF= bgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79= U-2BfH-2BZYkQDxiijxTO8J7m1D2zgKl5tOyBnWYsWnznrF0q-2B1sanGBbkTxU4j5D6JOKOg2v= VwOO8wUIBHtTAdgExEtUADYT-2FxSkzYzgtJypq4JvAwT-2BJe5M-2BPedB8Q3ooC7ZzhTyDs16= DY1dVyH8E8b-2FdLhNu8jJIsr5-2FuHSJa8WtoedF4GAQH6pWcKVVHhbe0oMBWuVy3GkAJ61aWL= pjuenLbgWm6Gc0wwJvvIc6cM1L9A8LZKx2j7-2FEYxkgveOENmhdVOQaiizgrjNF-2B3KQVDs7e= TlIXKe6VsFC2qZPT" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Nu= merai</a></b>, which operates a decentralized hedge fund, raised a $30 mill= ion Series C at a $500 million valuation.<br><br><b><a href=3D"https://url6= 380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2= BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9AflsvNzQN-2FMjPa2URZzlSAT-2B7w-3D-3Dh4J= V_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbh= vKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6= clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSb= QFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP= 79U-2BfH-2BZYkQDxiijxTO8Iy7jAiuSfoOysXZcPt09vvvLbLiQp2CZKZS-2F271-2FErYEzAo= WKTyNEAxGgSfpA0ZgEDZ4gKxCHhfmalPweIis-2BSTm0krC5hzQjue57SV-2BgeKyvG-2BfuOwB= 43EKLYAxEolOE-2FIidix9k1pZAJ0Qp6C58L5Sc-2B6gUjyjlVnhaWCwj0CGetgHFSApXw0g-2F= vIdsjOifYsnwzb967IVcRmNJwwoPKx8Es3uZeVaL2w0VRSXsUGBk3H2ZaoR9qgUCTl449RSGSQl= j9hGYBVr9BrVcoD2El" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= Momentic</a></b>, which focuses on automating software testing, raised a $1= 5 million Series A led by <a href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv= 34m3E-2Bx9Afls4QdjBKsIC5NHDo7gv6geXg-3D-3Dnhni_I3w5d9c01gkD8gLzFEofZR-2Bh6V= warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de5= 1zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEn= yAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-= 2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8Ih5OYj= mcEM2cb8PnqFv-2FT-2F9eujd6oURXpwKLAC6Rw9foG9SsSctOuKHV3SrC-2FUg4rHppbKWzcYX= rJvqdXmzRja4e5DKwdDsi9w5JO-2FviEDcD7K5QM04l3ksBN7-2FetuRDehDfWCCPqSVuuFtN8s= G6U9meX4lm9PFYy7zkyehKUJYUIpsVM7a3UKeN3-2F0FSzDwFO4cUJnLaniWxMw3EpJduehNgY8= 5leaOpmsOavETSr9njYcemwY38iyKGFXS7S4nKIKHwWzdWB4SFWV-2BIPLfSR" style=3D"col= or: #1D5080;" test=3D"" universal=3D"true">Standard Capital</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUriivIb2Cv34m3E-2Bx9Afls8JO9d72fwse6-2BxKG= IMDgYQ-3D-3Dh9-3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg= FVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICg= OjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgP= N3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv= -2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8ImNAs-2FthXHJ7RmEYcrlmgIfhtU54WLulcL= ziAeMcgpvTRXj9EF0fIKM-2FQesfF2kQP3LZWxGZ67-2BXNzDWLObu2bHCEGPAQQPRANIDzhrad= rcAxqBHY0-2F6cDwhoesuaOrGIss3NEbobYyk-2BRFjTreKIPeMoTxAY9lUFCvneH-2BTiz-2Bg= 1ceiOgXtyXSBvy7D4N1ck6L2bPRTWt78L-2FnQ4uX85WaN-2BeCWzRhu-2Fv-2FsMoYArncuR3j= QYc44wybcBe9PeBI3YS0IAMDgWMY0DHHLkdHVD8" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">Macquarie Asset Management</a> offered to take Austral= ia-based import and export logistics specialist <b><a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FxManE1aA7t07NVz-2Fhwy-2BHA-3D-= 3DddHG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= EdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J= 1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbE= zhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5v= VcRrP79U-2BfH-2BZYkQDxiijxTO8KAj1unsQQsr49YN1NVCFBzCjecgx2nXL-2BpBEDFC2g-2F= Z-2FfUuK2S-2BFJJBJ-2FBBRp4U-2BLipQJeji1IhePlEG37WBZ-2FRHVBsVZ3O4s7KUy5SwdIL= Jm-2BD9Z-2BFiHiO7XCLLKRoMELIKM9xXaaYZkuxmn5EdAQmwWya6QibX29a35Xpt2oy1mdrTJY= q3uO7sIulcNU8PcBV-2BsllQ0pkA1wJdNx3kyn-2FZXVt-2FtYoZOghrDrYsI7YY-2FmMgWq8Q3= CHE3pTW79KYDwI-2F-2FO5r3o3-2Bpl16W4Pdil" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">Qube Holdings</a></b> private in a deal valued at A$11= .6 billion (around $7.5 billion).<br><br><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FGHe3bRWIDusBNz8HXk7Big-3D-3DYfxM_I3w5d9c= 01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdp= h-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ= 77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttI= 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2B9cFlHZJYFmNtllwHiK2RIJ4903sa-2BgBw709OC0zYPyeAslDD7flDRSCvuBSdxYnJGFrYFET= MiWmKoUG8uXG4EJtcWecud9MnMk5RagYMc7I2y6mumVdt4PC6U59HriCkRN-2FL-2BpySBclulq= UId5qDH8Eo-2BL75DHGLhWJNxebqIzliRNH-2BivU5vh60YoQS3GvtTorGjEpFG-2FeRbv1KWVY= mcYB1cPZ6VJK3tqCuTSLVOPah4RggFRRwFJQkbau" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">Warburg Pincus</a> are considering acquiring a $500 m= illion majority stake in contract management company <b><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2F5pl30MvgZDJlz3Z0gh7jTQ-3D= -3DFY61_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6= J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdb= EzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5= vVcRrP79U-2BfH-2BZYkQDxiijxTO8Lgrr6eR-2Bkpv44-2B6-2BphXPS4AUs1GzzQWBskhvksb= uBjh-2B806a6CFS1Xx6kz0aeNJa72lhvra0Wu8g0xl9npbtAjGAAdn1xtIwh6ggW4xXLDZe-2FH= iV2dNOLuize0kEzgAsAvNbYt66EQwtlEGg1EiIw31sTQXVq46H-2F4U3HNrKDsegFpJ7SPIKkpe= CgJfVKuF8Pj4bgEaK55YpmcbR5KHuF9b5yJF0a46ICPO-2FxYP7jQ0SERWpFD8ZrZlF1b6QMv7B= dXT9RyAb5qaJ4Bt5Ux-2BKng" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">Sirion Labs</a></b>, which is backed by <a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FTTNRmsZODWHhn4lgY9w6-2Fg-3D-3DQ680_= I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvK= obkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6cl= U-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQF= bgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79= U-2BfH-2BZYkQDxiijxTO8K75W0WOI6TjgWTVI2Y3HhrEOqacWIXw8yWhsT9HqBqWTu1FzrT3u8= gE2r9pYbfDdvaAy7o0a7umdNBoX-2FLU7tqIoWlADvF7sbt0STs9K50FjrtEHW82AFPHLbnlHhP= eiey9I35uQwzaFY7Z7qObWo4vjhTjvM9-2Ft-2BQ2M-2Bf1pkeUzBaYp05kcM6tOqYumpTzgE-2= B9GBFiAAEQ3UOzmTpF4-2B2y-2FOoVesE8Q0aoCawa9hAJImY0dftAWmMO22lEKpqWhGTYRdiQ6= IVYTvg-2FKolPiZ6" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Pa= rtners Group</a>, Bloomberg reported.<br><br><a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FcBD6pRdkPyuzaah5Ljw3Rg-3D-3Dthay_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobk= vvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2= BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZ= XttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2= BfH-2BZYkQDxiijxTO8Ius0TDlkqw9WCByTzu3LKjNoDPgPNEiA7PKmPug22iTcQtHAmaBgta0I= WoUxPRoxcdwx9v-2Brl6ob1bmGQRrNga7wQgmkJOVxA55C8efZou6rges-2F-2FBpw3emtiHZ0P= FBf0P3WMLHnLP-2B6uWLphwev9DDDlyXiWLO0K5BisHrMwMlcE1CkS9fJnVnR5C-2FJORhFEPkV= zt8I-2BxEBxSX-2FwRqlbGnfzaRFqGeMj5Pr2tPiBKtSeYDdwp1pnxzUOChiW0ob-2B3897tz2J= uDvNBl0dz36Ci" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Truel= ink Capital</a> agreed to acquire construction and industrial tools supplie= r <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2Fh= z8z9JRRLjVpjbUtGpEskw-3D-3D62dg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-= 2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95di= y92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU= 6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2= BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8L62dyNcMyCcCriNfVcF5t= nzUkPAu-2Fc8QfmpLl3UqkAEnWQswejONZrdBOcpKhukvN313w2MIfMFc0fKEGtT3-2FJd1v6ZD= JYd5ugUvqxgyb1K6kY4WaJJj2CPXfyFJwu6PpQ67Qon0W-2Fvlx0f4xhA24-2Fv9o7Q-2BbGxhW= q0dO9KFqgCX2-2FM4hliA1LVWP44lbftzVbpnomI81UclJ0NKuuBICxrXX-2B4RyTLzMi5wF-2B= m0rXiIVzmZiM1auQ2PNoyCKUe9O6xhXVfvgeV6KczwHtZn-2BE" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">SouthernCarlson</a></b> from <a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FNdZhMnIWhS3HFIthA6i-= 2FCg-3D-3DRaql_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOj= S1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3= UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2= BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8JDVYxuBXL1ADeHhP5G0pXs4LFcR8BhFePvsaDX= S0-2BIFdITUfFEQQdC8nYl7ROZN-2BUVHSAGo5w-2BQmpDesCDLIcYRtjWrywQuGug4AwST1b03= N9ihNtqaJ3agKgVcJW7-2F7-2BCss5fLbk7XbMxE0XmG8-2FzG9Q5i7nAD9MGCjv6eTlobFuAh-= 2B4MT1OQ1he3-2BlHV4vMA-2F06k1NZCRvBVCBKt7QvdBkczQdMkYHWhI0ON7jMi7dsnXZJ6Lj9= hopeUVJ2m5UF6hgb8i7EUwAbbq54FEJga" style=3D"color: #1D5080;" test=3D"" univ= ersal=3D"true">Kyocera Corporation</a>.<br><br> Australian reproductive healthcare company <= b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2Fosnq= TGYCSj4QKUmt7Tttcg-3D-3D0xGw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92= Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD= 5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2Bey= vmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8JvKwU2tmdBkfm9-2FfsBZa-2= BVm7Qk9NpLK5Scbx3eRseK557ldIJhFJqgMINEd05d2XjQAlfTLxeeCVsM7YmEvAp-2FCrZEtdt= yMzK-2FZu8hbPTPHrQoTjoPKRbu6ngUBxczBsnV-2BwaCBAC1Vz4jsG4QhxGXztwxDk7JrOSw7p= KpEjNx4Z5o5MgfVXrDh7TbCQHC-2FYCfVne3s78Lao5B1ua-2FwkKyOklAe1MJmtQgwBDG0qqIC= P7ZBtEqQ0HT18lJEgQvRtzsg3XVBolJhUczV7RJGST0" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">Monash IVF</a></b> rejected a take-private offer f= rom <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FMI= LkB9M-2FXofo4TpZf9LJJA-3D-3Da3TA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy= -2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95d= iy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7H= U6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-= 2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8LrI3legiPFHIBylbPmwG= 4wQOMGn9rDlmD180Oao1UUVqv2bYUqHUdDUaqPB73-2FLnNtgldtluYfMuxw7EcPgDDR8Zo7BuB= m-2BPWUVD4duUb8UBUzsODQ-2BQd-2FE7WqepqvnnKOOcVeoQZSBSPpsdrGqqTTKBLU22017eoV= cZXLU1T-2FZXc-2FjkWXP92y2Av3QqoVHxzJcM-2BN5DjfwgTAqHr6qZUTKMcKi3UkA110Q7s-2= B5oAQHSuDZ4mImkJqVNrdiO3nZ1jjrL9IEO3FMrGaMAb3iGbZ" style=3D"color: #1D5080;= " test=3D"" universal=3D"true">Genesis Capital</a> and <a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3LVVmN1LajsdreWg7yzizzSQ-3D-3D6qdy= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhv= Kobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6c= lU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQ= FbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP7= 9U-2BfH-2BZYkQDxiijxTO8Lp3dJpTFOi9eY9Tw-2FS1gwRNGg9TbUZpsbLTttBCEPPLUhltxmj= uTr-2F4huHUtG7JFZErR8kdnTSsypTqeuyayEoAsZji1uIbEI3bkoLboaZFoyESpeSkt2tUD7qm= 6zej5vg2Muzu0czBxyG7OPkzclLgljhy-2BO4wq3j8iJXuoRJywAZoTETVtkWt7kS4J-2BrCwmB= 12ihzPjZgm8rVqG7jFY6-2BSSZPHBZxPNC4-2F5Bh1hJMTgSXmasETrfjh75yQv5f7UkJ6zwizO= 698eeK5D9nR9j" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Washi= ngton H Soul Pattinson and Co</a>.<br><br><b><a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzXGIL-2Bn1YOu5myMdfiqTW3L2h1ljI5JoJ5qUwSQO9S1nw-3D-3DGByK_I3w5d9c01= gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-= 2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77= iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIep= q0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2B= ZYkQDxiijxTO8L2KPQz4PZki4ZLKZDD3w0zOPJyv-2BsulUBVwNWjT8RtqBJqdBeaz9b5j-2BOR= ot9bI-2BP6eTWnnDXWSytZRg0xlOXeUqTGfgHXGIbG0Cuf8I5-2BvlEDGREaHKB-2FTl-2FJ6bZ= ExusIHeyCkBy02c4cCRcajpqw4lxleup6-2BG-2FDO3ewQ91JIAaHbbjPpBkNuCRxn-2BTVF-2B= ADNnsuyVheQprPEot33znOubynHix-2BEks2YciQVF7o9wgazhAYeBuK5RxhvsVl8kFfuuI3uNv= CAG-2Bn0WPbExHO" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Coh= en & Gresser</a></b>, the New York law firm known for representing <a h= ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3L1oQFQn41CwhvSSRh= H5W3rg-3D-3DL2DG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg= FVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICg= OjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgP= N3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv= -2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8J7LhRphWJiOgzrToIbMpDlmmvA-2FWQVKz7B= CA2ifmT57-2FVWE-2FAMjrqgg3gcJjK3LxtxyOsSfZTt1lZe-2F-2BeexhjQe2-2FB-2FWjhG-2= BbJDktiydjKs83OItCvTj2wRf6s9fHRalXQgnNmhuLsI4H4HtkY3ETq1DYQhb5AGSZghYB2j4Rf= Mcb0nCTksO-2ByOqpbcHU8aDHFVQx96IZiU1wkbmarbzN-2BtcdmbxtZ9ROcKf8gT8UMMs-2FDh= AaM1GyEPTSDRmhpVvgwd9d3whDhSKwRAe6j8qcs" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">Sam Bankman-Fried</a> and Ghislaine Maxwell, is in tal= ks to sell a stake=E2=80=94potentially via a $40 million convertible note= =E2=80=94to a PE group, the Financial Times reported.<br><br><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3Lz4ihraBteYvUwA81CgYqAA-3D-= 3DDloN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= EdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J= 1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbE= zhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5v= VcRrP79U-2BfH-2BZYkQDxiijxTO8L8F1435YQ2RvAR3AtoA6sFJ81FEpYG-2BRg97HVzaRyaml= ov-2Fc1sS8szHzER0mngIHNF5BLgVZjb5LnLujjlyss1COKtjZ7t6xx-2B7P7o0gYvObqMaPvSl= kGOYCg9jIzOLYuRxGOt96nAfFxuVzDBZArsXRB36R-2BGuI-2BnPJoaEBBF-2B9JvbO5MdscrYO= ZKuQ1fkco2HimVGcZH40IW-2FYOH2i41FnaewBcE4i3EbEqPC0dUYwfxOnVTCMRFsYs-2BsBYAW= GiWI3lfqVaRSFu8F4-2Fy9iJY" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Weinberg Capital Partners</a> closed a continuation fund for <b><a h= ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3L13v9XZR3-2BWubD-= 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</tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXmBplKII-2BgMb9UdPs0E-2F-2F-2FcBD6pRdkPyuz= aah5Ljw3Rg-3D-3Dp_GA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd= WeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2F= YICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNS= 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C-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8IlbKMBEXXROI2G4OKekiqwpu8fq= CMxpySXSOWhFdOkYxAgbk-2B7bxFblQNqFQ6Jfe5zTlLiU-2FeTsqIg9-2F9ZrY7teU8XqBXiaL= sJMJxcBfXW-2BnJsQH6jdXJD7Wy5-2FJgvGCtiAqK-2BeXTMLu7nLw6ex5EmF5ES59cRb07cbdu= GjA7HIctCInMYx1zB2cPw4ar29hU5pmYMZoImhy99f8e3Afyd1JaMM4K1wtoo9xbX30wtLnOAiV= nWXVfbbK9tFCuStfPo7j88didf0rZZ4fy6WaOl" style=3D"color: #1D5080;" test=3D""= universal=3D"true">Koch Filter</a></b> to <a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzXGIL-2Bn1YOu5myMdfiqTW3LDgUsS09jXpN33hqR2XrFLA-3D-3De_vN_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2B= G2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iX= E6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0= IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZY= kQDxiijxTO8LwYzpr-2FCo29wBroazFyOXIudZdqXwumhAwDNdVnEIfcTAES5GGpNYWT5X97oVw= HRuUOAwF0PFMuFUnNOHsHlI4XthvQYqL6krfZ2QiIFcBp4-2Fuxk1pmVwXRY1zp9bL0CC5FDTR2= KAUFfP73naYPa-2BwidfLAnvB80xXMUdJPcI-2FHy12yBJy0VpCJSpOk5WyMz3ymZXk-2FuUVFA= mkDcIOHs2AyM2eEGWtVTnA2SDoFI8GuT7A9EOzD-2B0D-2BNB2iO-2BUJ1YO8aDNPBGdnCxs5Ug= E6ug6" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Atmus Filtrat= ion Technologies</a> for $450 million.<br><br> Cyber threat management platform developer <= b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXGIL-2Bn1YOu5myMdfiqTW3LPIWUEOfOxl= ANL3qtDA31Aw-3D-3Djxs7_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc= bdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-= 2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGm= NSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2= Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8J-2BKcWE17RMsOB-2BHwh-2BDFySIY= 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ZiVqeRtIV4k2HFgSQmbz0-2FBjMTO1AmfKutnBA5wtwVQakHXueZavJGoZpXOIWpMb4ql17s3AO= X-2FM-2FqdeHL0IP0oxRcz3lCAFtmssTf9kNVXdHwvGKb5w" style=3D"color: #1D5080;" = test=3D"" universal=3D"true">Lazard Asset Management</a> sold its interest = in UK-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOG= qsGS9Ni1RurLhPF6DTAvVL98MHg-3D-3D9dum_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF= Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwl= wH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8= PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0y= xWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8InqrHVXH0SgV5EQ= BiYjrgsJDrXcT3-2FnYELviRQFn4RfuwXmxK-2FS2AdISF7RU5576SlDVwTAYOLz7DnpbVnYop5= FlVtizdlr1bPUxtgEKOZnLR3MhWJQblRIqNHXR32tagfxWEvzzPBhg7mwz7xZJlDX14Oe3F8jdR= pCNSohS8mjyZa4NIqKblMgK7L8TSRGR0eQeNq9vq8eDFp0qF9794gyeQoiRWBlWHbhw-2BKAeOh= VDwwJyJTw3-2BCdL-2FZEGuNbbsDcTidVg2nXyNFv6aVDtCe" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Shawton Energy</a></b>.<br><br><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS92Xu3UnXiAMhYQJD0m4ymMg-3= D-3Duiu0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz= sFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB= 6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTd= bEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX= 5vVcRrP79U-2BfH-2BZYkQDxiijxTO8JlRAxlcmF2Jt7snt14v3o-2FsJqki1AkWECs6VgpKx7S= GxHw4M2b-2BlVGf8uDhvaXvPlU61TeAJK6AHnpaQDW7FiO1FNsLJ-2BUn3-2BcmV5gUNTIx5ZNv= xMZ7euz-2BqMUmz7otADrNQxpjQR54duk5QgmXYjZOsSYlEZagjp42Cf2SyxbyWDP66NlHuhKSv= 1wFlEgMiSAmLaQ4ZPb-2FumB9WhbzJZor4nNsvp2jqzOF4k8BPFdXjtFAOFdtlO4qOodflndfM-= 2BMJL0MnoicnX-2FwYLvzuKtL" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Sullivan Street Partners</a> exited <b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS9f-2ByCRzD6p5EYsmJHfGnamA-3D-3D0qu8_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkv= vdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2B= ntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZX= ttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2B= fH-2BZYkQDxiijxTO8KEn9RfSdWLCpHP2yGWc8GWQURdVP7H4nGTfuNdgDxtZ3iWz9yqU6unoRM= PAwqzX9iOvRCMUsmyC1BJU8pO-2BuZB9IPT8fhzhR-2Boys59Qva6xfBzjRNud0WKSoi54Oy6L1= o-2F2VdLzRKGvMYGlZhwCg0ZSQNP9it1hc4CCYSGOsL4I61sg3xZzdCcLpnzSpkzD11xtQRjuq8= xIHIEuo5uC6QYw4IpLJvLTS-2FW2PQ5bKBcqUSFU3OLeB2F-2B-2BnFjAnuqsjYyqDkbV-2F5SE= -2FFXXv0AkPn" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Octavi= us Infrastructure</a></b>, a British civil engineering company specializing= in rail and highway projects.</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">Abu Dh= abi-based firm <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2= FOGqsGS9FW-2FdgTahDXRRrEZyQAcWDA-3D-3Dmn4J_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobkvvdph-2BG2SHxxmLLNlkt4de51zRF= ZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5= xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxI= AzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2BfH-2BZYkQDxiijxTO8IoWfPb25vv= gB71-2BYxX4t4F-2B4352LVsTldZouJCkw04BdrIcPuLB2ffetIR4-2BW6OFhuiVqQCtTT3SZSO= mMVx0ImmWaihw3UPsnAG1LK8-2F3susKzgzQJMUrFIRZQc7KufKPtT2GK42C0ZC-2FH-2Fu3NvR= RS3SrcRgFL6EU6RU2koV7UdWGXUB-2BZh34ArACW1CV-2BK3M82V-2BBuSS4-2FEoCay0T66ke-= 2BTdbOb9IRV0x-2FQvLE54A8ImUIWO4Z7aBQaMM0xf0GOe5VAzopt1POHdwjDoxV3hS" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Lunate</a></b> is in talk= s to commit $1 billion to UAE-backed AI investor <b><a href=3D"https://url6= 380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2= BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS90fjrkBTSLxMlFArccKSH-2Fw-3D-3D4Fd= s_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbh= vKobkvvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6= clU-2BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSb= QFbgZXttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP= 79U-2BfH-2BZYkQDxiijxTO8L-2Bf9SaSN1nKdf12q6XwLzjgN64JLJQWMXVFXf-2Bc0go8iXze= YvIA9n2s6jslLTgzSGnwYxK16FNKX-2FL-2B5QT-2BmoHAavHx1Gm-2Bfh1iblurkYkefpVV-2F= hLrmziKIx5mrD1V4aqeWirOXkrzSh9DR09rHJLGEcIzAMmtXCLtFpHOMWTHpEIkhyOCh90UzZxG= -2BP-2Baik3y0CIIgifV7JzmWybrsHsvQqhepMCMH7H6Lh-2FyBG1XmJdVp4QVSNHwFpzjfSP6M= -2B-2FwED-2FMxyWatzPyZuwn8O7" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">MGX</a></b>'s new funding strategy targeting as much as $25 billi= on in commitments, Bloomberg reported.<br><br><b><a href=3D"https://url6380= .news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq= M7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS9olYlhk51sbMoD4rntkjY6g-3D-3DIBbQ_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFEdnbhvKobk= vvdph-2BG2SHxxmLLNlkt4de51zRFZlxwlwH95diy92Our1s-2FYICgOjS1PMpB6J1oSq6clU-2= BntZ77iXE6mkk3Wx1EGw9gfEnyAy5xRtC8PJf7HU6sD5eudGmNSyKgPN3UEVRTdbEzhHSbQFbgZ= XttIepq0IkwgZvjyfkFBOtRE-2BxIAzR0yxWxr-2BeyvmRC-2Fe-2Bv-2BwCcUX5vVcRrP79U-2= BfH-2BZYkQDxiijxTO8IUtXUM9K6f-2Fj2N6OZC1TYIdo4CFrrYiXdPqz9z-2FYzfDZNsKNMuc2= OGCQnaMcKrTYXJfg8jqRc5FQgGhr9-2BWYkz3vBwR8117Qop27R-2B6MpKifLEBm2b-2FmxbKJ2= NZKpagQcpKXDFbKmv2Pa-2B0LLZdPWbffYuVRWsTFMeYkOMeB1b2IPiqRtpUkBeDKKprydholrA= 5FQvyNNmgxNQiZNbyl0rGal1Ni4mVR-2FzsEEw4SFvp8gTxT0K7LyQ5Ge0QQr5IE1Npgt8ZcWpv= sv1yK86Mwsc" style=3D"color: #1D5080;" test=3D"" universal=3D"true">The Car= lyle Group</a></b> is targeting $300 million for an India-focused fund that= will operate alongside the firm's latest pan-Asia fund.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3-2B0vtVWdMwnuH-2FOGqsGS94DgUK= 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