Google

Edit File: 1766147950.M690553P4034538.server-619288.prediksijaya.com,S=168796,W=171809:2,a

Envelope-to: vetyl@ponjosonek.com
Delivery-date: Fri, 19 Dec 2025 19:39:10 +0700
Content-Transfer-Encoding: quoted-printable
Content-Type: text/html; charset=utf-8
Date: Fri, 19 Dec 2025 12:29:18 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
Mime-Version: 1.0
Message-ID: <OP0PecHeTzKB6jnvW5ZFmA@geopod-ismtpd-6>
Subject: Unlocking capital from UK pensions
To: vetyl@ponjosonek.com

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www=
.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso=
ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office">
 <head>
  <meta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Dutf-8">
  <meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge">
  <meta name=3D"viewport" content=3D"width=3Ddevice-width, initial-scale=3D=
1.0">
  <meta name=3D"x-apple-disable-message-reformatting">
  <title>PitchBook Newsletters</title><!--[if (gte mso 9)|(IE)]>
    <style type=3D"text/css">
        table {
            border-collapse: collapse;
        }

body,table tr,table td, div, a, span {
            font-family: Roboto, Arial, sans-serif !important;
        }
    </style>
    <![endif]-->
  <style>
        /* Windows Phone Viewport Fix */
        @-ms-viewport {
            width: device-width;
        }

.mobile-only {
            display: none !important;
            mso-hide: all !important;
        }

.desktop-only {
            display: table !important;
            mso-hide: none !important;
        }

.newsGroup-border-mobile {
            border-bottom: 0 !important;
        }

@media only screen and (max-width: 800px) {
            .mobile-only {
                display: table !important;
                mso-hide: none !important;
            }

.newsGroup-border-mobile {
                border-bottom: 1px solid #C3C3C3 !important;
            }

.desktop-only {
                display: none !important;
                mso-hide: all !important;
            }

.container {
                width: 100% !important;
                min-width: 280px;
            }

.content {
                padding: 0 5px;
            }

.walkthrough-image {
                width: 100% !important;
            }

.performer-title,
            .performer-content{
                font-size: 6px !important;
            }

.header-msg {
                font-size: 9px !important;
            }

.pre-header {
                padding: 10px 20px !important;
                text-align: left !important;
            }

.side-bar {
                display: none !important;
                width: 0 !important;
                max-width: 0 !important;
                height: 0 !important;
                max-height: 0 !important;
                opacity: 0 !important;
            }

.line-breaker {
                display: block !important;
            }

.responsive-img {
                width: 100% !important;
            }
        }
    </style>
 </head>
 <body style=3D"margin: 0 !important; padding: 0 !important;">
 =20
  <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp=
adding=3D"0" border=3D"0" align=3D"center">
   <tbody>
    <tr>
     <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri=
f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span =
style=3D"color: #78766f; font-size: 1px; display: none !important;"> New er=
a for gaming M&amp;A? Probably not; infrastructure SaaS shows resiliency; E=
uropean PE dealmaking stalled in 2025 </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">=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;">December 19, 2025=
 &nbsp;&nbsp;|&nbsp;&nbsp;&nbsp;<a href=3D"https://url6380.news.pitchbook.c=
om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWVSgmwRT=
je9BD6ZPQe686EOOzbdFiGH65UTO1XvdR-2Fvg-3D-3DqkPF_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2F=
Y8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuR=
jy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEn=
rhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixym6ih5iH=
vY3bAXF-2FePEOr9107xJdLBnTrUS2CjB1Sb64YIvAkGlw6TjI0EY9Zi2jFNqdl2cDz95U1W3gg=
8kjHtlamkiufyLmm2SWNqPx-2Fl7SLxfgerLsneaYJREIgKJ45louAqs8my5KkFBEQKbrpl9rs2=
jCyCSQjULqJ0O3-2BS5MQlVq8xfyfDKsVLE8bnPjLaNgznNLppfVOw7pH3UUo-2Bkncc9UDhUX9=
tvOGR-2B8efsHihGpWSmXePB5J-2B3xOaAVTpC11giQWcRGRCJq9N-2BQPs" target=3D"_bla=
nk" style=3D"text-decoration: underline; color: #1D5080">Read online</a> &n=
bsp;&nbsp;|&nbsp;&nbsp;&nbsp;<a href=3D"https://url6380.news.pitchbook.com/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkj=
pY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZYap3xyjo6=
13CQL5EKIRNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-3DDSlx_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoi=
tReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeC=
s0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6b=
fCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkix=
zIknxeKAlGfbgw-2FUNz-2FEERf4-2BcsoeFY3g1yAUpnBxOu25ltsyiNF0bZ4NG3l67gZH4Q6m=
QK7FcHAIZxYqi-2BhkHEkcem4MId2M5uj5Y9pvODj6OeuPphC32CG3RezWFLzPw-2BYXmnz64X3=
eL7UOJxexbMzZ9yxJkhRKbggpURxBTHL3egOwpTPI9ahhBmTkVCjqi8gKqWdsRza3OLunHg8GnU=
7O8F8kmKHAztB17x2-2Bcfhyk2rhDGDNh8BOh696rwEGqWogC2tl-2FFXBzkGNTnEOC" target=
=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Manage you=
r subscription</a></td>
                </tr>
               </tbody>
              </table></td>
            </tr> =20
            <tr>
             <td style=3D"padding-bottom: 14px; text-align: center;"><a hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzWVSgmwRTje9BD6ZPQe686EFCRQdYeGl-2B6dxn2-2BLD2J=
SQ-3D-3DAb-K_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY=
A68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2=
F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUv=
mkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5=
JfY-2FbGxGVI94x5D853vuTswddKkixxgrpogDFp7oNyH9-2Ba-2BlgtIMe28cTlkBSSyAld-2F=
L85glywEAQlwuZheNpZwmnfrwuBTwVuid4EOy7Wx7jLj1v7yneCAdgJU-2Fxsz4H-2BXwpAs-2F=
H8CtdxkC9pBTPv96S2m-2F-2BKLmPHPvhI73HEKxYLP2SBrlps6WhG8s8irW1ZrMGyR-2B2h4hQ=
B7fEOfUgoanL2mQtX-2FECoLSRSjWBOjHhjqbbkjLeS7cvdBHPc6i00Pqxx4T1rxA9qGQH2O18U=
aKNm-2BHX3tIXrbMYX045IHLElu41YK" target=3D"_blank"> <img width=3D'1' height=
=3D'1' opacity: 0; style=3D'display:none !important; mso-hide: all;' src=3D=
'https://my.pitchbook.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3=
DZQDXJQ6VUBAECQE7XY5D5PSLQI&emailId=3D3DBVZ53SFONMUQ2&emailName=3D3D6H3WX3Q=
H7CXEMMMBQSMFL245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3=
DUAZEVU3EPI6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.=
news.pitchbook.com/wf/open?upn=3Du001.3gwe9GsF-2BTAFq5zC5EhFQ2a8abB1qTlMwYR=
LNzMolGjSmCPqRZuyzb5tQBOnSwcKp6fwGVnFF4CGRxpMQstgZWH4o-2FZ-2FdTVebrL2whCNem=
TZnWwEydrLPHzIRDYVoVFI8d5FifXvu9FlEs18NFqz0T0BN-2FN1-2B2pLmEy7Z0jfD8BX14g6-=
2FlWvNclVsI5DfD8s8HxyB5Gh8QftZ-2FfW0c20DiIF07DXNx6C3JAyFsn5xw1-2FrYuRpptPoW=
OyBWqGi44308KUXnFG-2FGYZ3-2Bo0shLgP0Lx-2BSNiyZ2kZPljxeZR-2BUyiqZxR8XicJ6kFN=
uEbkXqdLJx-2FVScMXxOWQGt81uZaCSbcZOIm4bGyPH-2FyD5d3W4Bot70j8FN25-2FHw-2F4vj=
zIQHM05pdLFqZL61m1bCxznU-2BDb5biXB1Qc238qJn0DOsQHrRfY3xKyCBSCOuxqtKzoL1DB6Q=
K1uWEf2RI6Ag-2FoD2LZ1t8jMst3vZjOpgs1ckIucjusgsrn02-2FNbdYt0JjEx54UXl8HNN-2F=
9o7lVb3mk2OVJq2BjiXoLLD0ArOcGNLflq6CyJvuSg6ezFRZmtEDwP" alt=3D"" width=3D"1=
" height=3D"1" border=3D"0" style=3D"height:1px !important;width:1px !impor=
tant;border-width:0 !important;margin-top:0 !important;margin-bottom:0 !imp=
ortant;margin-right:0 !important;margin-left:0 !important;padding-top:0 !im=
portant;padding-bottom:0 !important;padding-right:0 !important;padding-left=
:0 !important;"/><img width=3D"141" height=3D"39" src=3D"https://fonts.pitc=
hbook.com/newsletter/pitchbook_morningstar_logo.png" alt=3D"PitchBook"> </a=
></td>
            </tr>
            <tr>
             <td style=3D"text-align: center; font-family: Roboto Serif, Ge=
orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa=
n></td>
            </tr>
            <tr>
             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, =
VC and M&amp;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; 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-2BaqM7ONnvsnswouzWVSgmwRTje9BD6ZPQe686ESs-2FkH6VbvQ9pJMrIIPd3Ow-3D-3DF=
pTs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsY=
cvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9=
-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7Jf=
QNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGx=
GVI94x5D853vuTswddKkixyMkXvR2hF2rCzW2-2B-2FfZE2edhFJIrpIqdkUT5WBY-2B4gXxuB-=
2BjZGv9GxPs7n-2FaI4NRjqVibp6GAvn85pPokiBlMpKEVi-2ByW-2ByHJgVnL4Kr-2BwQ6AnP8=
PuirNvZpo0-2ByYzyneZKUC-2FYNkFPj3Z3RCvWfgPeea-2FdJhbG8jm8kqlGT3hMQ6q-2FUr0l=
0l9qDO8nYdrFrgaYXdpJurxoLlW3Ljdr0vcxBFG4jAk07LymJO-2BEv4sGuIQacTTIhIt3Kwe8X=
H6CQ5dc5adpbuo1Y950UebXbAR"><img width=3D"460" src=3D"https://img.pitchbook=
.com/ads/ad4419/SVBDECHBA.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0=
px; border: 0px; display: block;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Hap=
py Friday!</b> Today's Daily Pitch looks at how UK pensions are making a bi=
g turn into private markets, explores why huge gaming deals like the massiv=
e EA buyout will remain rare, and dives into a <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzWVSgmwRTje9BD6ZPQe686EGN27uBCvYn0LnofhC6ulSA-3D-3Dpf_f_Pr966k=
nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfh=
FT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2=
Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN=
8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D85=
3vuTswddKkixxpzCMsjvQvNnZFQUbIRlLiyVyedQyrk6Nmcjkkh3KFimJnRTP1zgXujk3PcdN2y=
I67KU1vjMkHg1jpO8Y3EzTCN4plpFTolh8-2BaRDu83hbWvVt1ZAPvvITMWx3WcmsoQXxoXfMpW=
LyXqY0NYzI-2BRurD7LB3G3WpfINFs4kaca8FW8TV7-2Fw82VDgRuPRZjc9JLWLdlLWSAYUA6WX=
81OYoGWqXUD602B1waXcVvzgGI6hPaIFZGkPDBCwdKh4OUraqUNIwNGZDYxG3pULshsilM3" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">resilient quarter for =
infrastructure SaaS</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>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Was=
 this newsletter forwarded to you? <b><a href=3D"https://url6380.news.pitch=
book.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWV=
SgmwRTje9BD6ZPQe686ErvB0rgD1Ql9v6-2FH1Si03lQ-3D-3DNpoy_Pr966knuaHmaw6c7pKvB=
-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitR=
eC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0=
VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfC=
Q-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixy3=
9XIqxMk7MTkORqfDwMuU2ukyUogp6ARvUBUBq0gD8x-2BhJkit-2BmwYArsi6-2BSLyralM1YJv=
uinpKpUpLtfaE830chAMbfFrICKPFl6yP7OZWXR3KhicY2Q4rJmoVYb-2Fzmtnsfu6Z-2Beu9tG=
yL4-2FUwIeLC04cutyvAl69mHTYfmkYrH1Kvkwjx-2Bee-2Bdc52Phj8-2BVDgy03rl6V-2BN62=
fr8koWVfp81yUyEj4tAcc4YTZl1YEe-2FUdC1jDts0bKBol6bM2zonqhS1DMXvMVQY0Lb08P0" =
style=3D"color: #1D5080;" test=3D"">Sign up here.</a></b></i></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_575977" id=3D"n_575977" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
                            <tr>
                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> How UK pensions are making a p=
rivate markets pivot </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 =
Andrew Woodman, London Bureau Chief</i><br><br>
                               For the past two years, the UK government ha=
s been rewriting the rules governing the flow of British retirement savings=
 through the economy, with the potential to unlock billions of pounds for p=
rivate markets.<br><br>
                               What started in 2023 with the Mansion House =
Compact, a pledge to boost private market allocations from defined-contribu=
tion (DC) pensions, has evolved into a coordinated effort to steer an addit=
ional =C2=A374 billion (about $98.9 billion) of long-term capital into priv=
ate assets by 2030.<br><br>
                               The shift comes as public markets show clear=
 signs of strain. According to our <b><a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzWVSgmwRTje9BD6ZPQe686EAbXPJbjsBJ8d0KiVPClpyA-3D-3DabGi_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoi=
tReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeC=
s0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6b=
fCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkix=
x-2Bbo3XFdDhPTSmO8fDSxfmh8slzHkqrZ0Mzy6oFFwCcrfmTkgSM8c6G8-2BNvDrBDS1QwHJzF=
mXL2XpiumjWj8PYc-2BPiV-2FtoOLYiR-2BPMr-2F0GkWvggtOFGvx9cSx3EI5Y1LFgYfIKRKQT=
D4r-2BR8LRK01wfLOsOo9C24TfD9Eq25MLcdJ9G6YudwRKe2OtUElqQqF5Mi9CAYoTC97LPG3lq=
KTj9EbG7kA9tSaHwgCsmT9Oq50bQbioRqxAGsV7xUFY49YXYEDF3HTPA1NkYVUex048" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">latest analyst note</a></=
b>, the UK now has 10 times more PE- and VC-backed companies than listed on=
es=E2=80=94a dramatic reversal from a year ago.<br><br>
                               With more corporate growth occurring outside=
 the stock market, policymakers view DC pensions, which currently allocate =
less than 1% of their funds to private assets, as the missing link between =
savers and the broader economy.</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-2BaqM7ONnvsnswouzWVSgmwRTje9BD6ZPQe686E-2BFZ4-2F=
r9veYZxHEEXTRlDFQ-3D-3D4R_q_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEM=
hfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55=
cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5Boz=
M46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxddxUwKJj8myvfd3bPvbCKxHU6TY7=
BCJ-2Fu6O3mZudyIrzkCyyDgGXJa-2FJ8t3xI8xmhKFW6Ajup3c6Lu-2FvKrcKMwesQwBhLcdI9=
FJKbXYSFsakK5GED2rspidVsGUSQgoxGfF1c4N7-2B8FtZeY7yHV-2F6GENd8UBACEoLxLjljSj=
3e-2B5ayN6h4jE-2FWbtI2EK9QN3PUjzsgSBAExc9YoX9-2BrHatICvRf7vaXOmI2i0RaBkUhlY=
6XL-2BbI1mV46RVvWvQ4c-2Bu2EkRGxMMvKl9CEY8JW-2F" universal=3D"true"> <img al=
ign=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71917.png" st=
yle=3D"border: none; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </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">The ur=
gency is amplified by the shift from defined-benefit pensions, which were h=
istorically the UK=E2=80=99s main source of long-term, patient capital, to =
DC. While the former's assets have declined 12% year-over-year to =C2=A31.7=
 trillion in 2024, the latter's have increased to =C2=A3650 billion, up 40%=
 since 2019, although much of this is locked up in public markets.<br><br>
                               There have already been a raft of regulatory=
 changes aimed at increasing DC exposure to alternatives.<br><br>
                               Long-term asset funds have provided DC schem=
es with a compliant vehicle to hold illiquid assets. Meanwhile, charge cap =
reforms mean that private funds' performance fees are no longer subject to =
a 0.75% annual fee cap=E2=80=94effectively removing a long-standing barrier=
 to PE and VC investment.<br><br>
                               Looking ahead, the Value for Money framework=
=E2=80=94a forthcoming UK regulatory regime=E2=80=94will require DC pension=
s to assess fund performance on a broader set of metrics, allowing the focu=
s to shift from low fees to net returns.<br><br>
                               Consolidation efforts, which include the pus=
h toward pension "megafunds" similar to those in Australia and Canada, are =
also expected to reinforce the scale needed to invest meaningfully in alter=
native assets.</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-2BaqM7ONnvsnswouzWVSgmwRTje9BD6ZPQe686E-2BFZ4-2Fr9veYZxHEEXTRlDFQ-3D=
-3D9MPh_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
RFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup=
6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaP=
A7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2=
FbGxGVI94x5D853vuTswddKkixxeZBeGEAoFt8EduRmVW0p7iuDXjxTKeP1s0m3WHPKN9UNEAHw=
V17jnwn0kIwgNOdXHZjb3rXeHAguHf7EBOJ-2Fi8FyW8-2BU-2BK3fQjt4p5iQo-2FkxU1vleF-=
2FAR-2FoYXc14SZAAGJSLNff1LG2HzECWPyPJaRVe6yAAwrly-2BoWEbYKNkxhecrGGjrgumZDD=
tjCk-2F3VF9cKx-2BUDbasMyFPT5Cl0064iEbWwr2l9EAMYYhe2IzVHnASqHsP-2FAG0gLpwDtj=
2zMJRP1KdXer6Huv6f9YY6C8" style=3D"font-family: Roboto, Arial, sans-serif; =
font-size: 18px; text-decoration: none; color: black; padding-left: 3px" ta=
rget=3D"_blank" universal=3D"true">Dive into our analysis here<img height=
=3D"24" src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" styl=
e=3D"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWVSgmwRTje9BD6=
ZPQe686Eyn63qtcE7rykCak6WI6zxA-3D-3DzV5n_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ=
YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjP=
btsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2Fy=
P5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4a=
sa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxrr4D0Cly0Mb8Q33=
-2F7VBkqf115WHvMhlVPKg-2FNS7OCG6TNekNxNGB0ghXwMC-2FgrakJMYs64zwMfaOk1O2dO0N=
CtImFTsgLaMEXU4BaVVBanRe1N8MSac5ks-2FtcUJpkPopzTTNhM-2BLC0BLfiKYNkEYCEIAsPG=
9CqdNIU62OtPFezEl2kmqkfjWP7dbl-2FVp7HArn8glDV1pxVfixnquvIosbX9rOlaTdO9joDSO=
axd8t0phQPQ1LIUmmRRMWy-2B55yQ1UqDr7LzIi2ZfPD322NzEh" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Q3 2025 UK Market Snapshot</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>Infrastructure SaaS is proving to be a resilient area</b>, clocking =
in at $5.2 billion in Q3 deal value=E2=80=94the second-highest quarterly to=
tal since early 2023. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWVSgmwRTje9BD6=
ZPQe686EGN27uBCvYn0LnofhC6ulSA-3D-3DjUa3_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ=
YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjP=
btsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2Fy=
P5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4a=
sa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixwW2rOIy8mz-2BvE0=
h6zGzQ7oLwys6xCUDIYRukzHQSkJ-2FSpi2JYtJFvXux4RTxpC4ocaTWJDnGdu94Lei2SqJCKeV=
RvkkS9ItsRbgb8aB05jb1x2VQ4eeNlFv0TkzqEFGUasPeMmTx-2BOSz6DPxFd5ZXeZ5e7-2FsrB=
JBKnYDn50DJ-2Bpqy5q0oz30tOoIrlB0PxZM6fYO1RJVjHbF3XSnAgfcyqG59mc1ehfzErTEYwr=
uTq5qWkr5mAPsM4DNGn9QZsZCyZNNiXvxV9p0YhA2OeUUyM" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true"><b>Download the report</b></a><br><br>
                               =E2=80=A2 <b>European PE dealmaking stalled =
in 2025</b>, with overall value unchanged and deal count dropping sharply a=
mid political uncertainty and slow-moving rate cuts. <a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzWVSgmwRTje9BD6ZPQe686EKnitj4FnRTzDz1clc9aO-2BQ-3D-3DxzdR_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU=
7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA=
1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxD=
yR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94=
x5D853vuTswddKkixyUhGB8-2FeB-2FJG4hPsSVnh1vgM2qo5ew15W8MZqj4H2xsqlQCyvmhaWW=
bQ2-2FAQHY8sKR-2B6FEidU4bnDgx5ioPvFXkf6EjDPVevRxE746P6rQaiT9MCDsg2wMeiPo-2B=
v5FnNPIRc-2BdMKae6aKzL9dsajS-2Bz6DN-2Ba4W1QmeIc-2FRBodnDn87fkbaAOno5MG3HyUl=
DowZKFS-2BYhl21WAqOBMeu48nFnEnxggDMi-2Bp7dflvnCtW1HWR6NyE-2Bj52Yvrwtye7JZM1=
-2Fvj-2B3CAJ0UdCzSBY4zN" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue"><b>Review 2025's top 10 PE buyouts </b></a><br><br>
                               =E2=80=A2 <b>PE dealmaking in the aerospace =
and defense industry</b> rocketed in Q3 as tariff chaos eased and investors=
 considered the promise of bulging defense budgets. <b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzWVSgmwRTje9BD6ZPQe686EofAJPeNT9iOKn0-2FiP-2BzPeA-3D-3Duf=
CB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYc=
vsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-=
2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQ=
NNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxG=
VI94x5D853vuTswddKkixyqMdNaNsMrzVHhUeoRRroYSQsoClTjrnoH8uy3yFXSp4tyq8Gp0F3D=
wR57na30K7ykoS1p6SEMAnVHpkTm3aUDHm0Cfrnw4zCD6zGIKeZ8QNKn-2FyMwzPgihkqz-2F99=
EDNma3HeDv0LoM-2B9rqk9JMJytOAhyiYaQb7RGFIxsgdGNjpZrRBh689M6QF-2F5rvI1SqZrUC=
2rYGwwIUNOjROTKPwaEepHBBqL1RYN7VAs2MyYLIZCdE49Xejy4aSaG5JowbeywtuiRx6h0LBaK=
7zdqJ91" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Read the re=
port</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" 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_575984" id=3D"n_575984" 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;"> $55B EA deal unlikely to start=
 a gaming trend </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 =
Janelle Bradley, Private Equity Reporter</i><br><br>
                               Private equity stunned the markets this year=
 with a $55 billion buyout of Electronic Arts, an unprecedented move in a s=
ector that had rarely seen more than single-digit billion-dollar investment=
s. As optimism builds around potential rate cuts and the growing role of AI=
 in creative industries, investors are wondering whether 2026 could usher i=
n another wave of record-breaking deals.<br><br>
                               For buyers, a key driver of their interest i=
n gaming companies is the rapid growth of artificial intelligence, which th=
ey believe could reduce costs in an industry whose capital expenditure requ=
irements have been increasing for years.</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-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-2BaqM7ONnvsnswouzWJ38KIDo4-2F3vzO3YnECS-2Bb6vcCr=
lNHuXjoGZNAoT6vNA-3D-3D7bF1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEM=
hfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55=
cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5Boz=
M46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxW1-2FI6DPaSssHA07ZChk9PSuoDU=
5RZQr-2BKnlSi-2BbeAbht5o2JUJ1FwuEdaMIu7siQ8donBq-2F3ukzs04Gp7AtLuMMqtJvHpgh=
cOWoRphJ5lYB95CcQHCvBxocyIBDUl5fNHX7vJn5BcbvR5oRs1Q9LANM3okqBSAUrn-2BugIMyJ=
3zjgUsKZ9G3D1HvzY0UglqKmL6eGUm7hyQ4tkKumvOfsp1uVyjUNRKmwSYeaURv-2FLtmP9qqui=
iYtoAULLWKNahoF3-2Fb0hDhEIJ-2B8KJGQTJR98" universal=3D"true"> <img align=3D=
"center" alt=3D"" src=3D"https://img.pitchbook.com/news/71940.png" style=3D=
"border: none; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </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">AI cou=
ld potentially reduce costs by increasing the speed with which developers c=
an experiment and create new intellectual property, said Spencer Pitman, se=
nior manager of private equity at West Monroe, an M&amp;A adviser.<br><br>
                               This could be especially useful in the produ=
ction of live service games, he added, which are designed to offer continuo=
us updates of new content. A good example is Fortnite, one of the most popu=
lar games in the world, where new cosmetic items such as outfits and skins =
are rolled out weekly or monthly.<br><br>
                               Despite the lucrative investment characteris=
tics that video games represent to PE sponsors, the bifurcated nature of th=
e market leaves investors with limited options.<br><br>
                               Video game producers receive substantial ven=
ture capital for early-stage development, but the steady, cash-generative b=
usinesses that PE needs to borrow against are mainly found at the top end o=
f the market.<br><br>
                               "There's not this glut of the middle-market =
gaming companies out there for private equity," said Keith Campbell, M&amp;=
A practice lead at West Monroe.</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-2BaqM7ONnvsnswouzWJ38KIDo4-2F3vzO3YnECS-2Bb6vcCrlNHuXjoGZNAoT6vNA-3D=
-3D5sff_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
RFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup=
6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaP=
A7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2=
FbGxGVI94x5D853vuTswddKkixzYUP8wqPvdDqP3rjuYJU-2FU-2Fx0KwhwCbAWP5z-2BxgaZop=
NBESKXRa21gfuiLeEswKHz2SvN8jwbdD00bAgsIUbMSu4TAiisMMj7YtRJkclswXs-2FNEbT81D=
CjwpKeRQxYfem206yoF6ehNDBnC0mtwzCHaScmXgrPk2XKvZ6jAAJmPmQnqx10AckOTxGC2Ilhe=
u6WrrrCMrQEdqR2hMTlHYqRPUl-2FE0UfjXC6O0iutiQt9Nkq7DDOUQ6R36ujia7HRYJTD6z1Za=
95QJTlYDAldJlo" 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 story<img height=3D"24" src=3D"https=
://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align:=
 middle; margin-left: 8px;" width=3D"24"> </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWJ38KIDo4-2F3v=
zO3YnECS-2Bb0TMhjJOTiVp6nvjhMb80rA-3D-3Dxqv1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6=
rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b=
-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqX=
IB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxxsd7h86EMMA=
kLFL1aYdXyG47pq1ziB4sQ1HmQrNvhRdA4vatdMyVIJ8pLsEZKifA8-2BIng-2FoYEWQclOb3Rp=
bm-2FKwg7KDGk-2Fy5gXHWdYE8a-2BNk404pGsKdTDSdCYn-2FQidXTi3RZhikW3RTjnc872GTr=
uV6Jbu-2FqTn-2FMLeYQCGDVkVOZHizcFIG9z9I-2B5rbnWKm75-2F0EvIMVIu1ImDz2FZ3pdvQ=
p6V9Ul6laLfTPSneyrLSRDAGaDW1VZEYyJ38JBX81Rqo6kg8kaK1l189Cx-2Fl4" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Q3 2025 Gaming VC Trends</a></=
b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>A once-trusted fly fishing bran=
d is being boycotted by retailers after a PE roll-up. </b> Retailers are dr=
opping Simms Fishing Products from their catalogs over ownership changes an=
d strategic decisions that came with it. [<a href=3D"https://url6380.news.p=
itchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzWJ38KIDo4-2F3vzO3YnECS-2BbR7BlhMAXBqpzFcFKqxOamQ-3D-3DcQIW_Pr966knuaHmaw6=
c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0g=
GnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagP=
JjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6=
bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswdd=
KkixxCpO8d8FObOxKPlmL6fLLMVw4a4Q7zkSM3DRcybF34B95svUTw8-2FYO9sN35j8gOlP3w-2=
Fcgzozev5-2B9Q8hAjad5BffNRsBOFaL9O-2BTCVkGHhXY5yTYq25YXxmf6N-2BQyK2b-2Bdbmp=
jIR2tib1fXOB531-2Fbx-2BIWIcmAnUq85y62MPF4gvDy5BBc9ZmwTR5ymqOZjpuaAZxyZGHbKi=
JCIpIbtqbwpAC-2BU-2BdCrRjCYEnra4bQxiB2IWwQISdN8iFL4G0-2BRkJm5qvmkffvYQluhTu=
PNUJ" style=3D"color: #1D5080;" test=3D"">Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>A retrospective on the life and=
 investments of Warren Buffett</b>: Seth A. Klarman takes a look at the 95-=
year-old investor's successes ahead of his retirement. [<a href=3D"https://=
url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzWJ38KIDo4-2F3vzO3YnECS-2BbaW-2B-2FBs24qhBy-2B3kly5N8kw-3D-3=
DySUc_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRF=
sYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6o=
l9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7=
JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2Fb=
GxGVI94x5D853vuTswddKkixxRU6PJ6e6-2FTv1of5sCJmxWhp2KlTy-2BZsCz-2B-2BGDSSa2o=
b7jnF7p-2BrzsSXwdpZFUeW7jcpGuZf2CDN7ZV0lqK6hKg792urRIdnte46rguMDUYgzFjgN9ON=
SI7r5BNXtER1MsSfSF55agA9tQMeg8a-2FYRDV1bVn4DkJAAlKf7GdnCM5jthQr1gCap8ExCSw0=
dI-2BooMiCJ7BQ1J-2BjicVqckG7LFoEynksixobuzXmnkodxMa1OYXA0agRsFPl7la66lTw7EM=
iB8XWYPTtlnxXHCOC6" style=3D"color: #1D5080;" test=3D"">The Atlantic</a>]<b=
r><br>
                               =E2=80=A2 <b>Has the youth sports industry c=
reated a national crisis?</b> The $40 billion industry has pressured famili=
es into high-cost environments that are ultimately unnecessary, a US House =
subcommittee says. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWJ38KIDo4-2F3vzO3YnE=
CS-2Bbb8V2a8jeWBKY5l-2Fkvn0asw-3D-3DI3Tl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ=
YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjP=
btsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2Fy=
P5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4a=
sa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixyldR7rd-2BM7UVvO=
TPXEY-2F5EpwHU-2FzhVXcqZ3S-2B4NQOukIa98e0VQZf-2BENGGraVGao8AAn3JUfgPjlr5Ur5=
iTEAOLaKq84luXp70aYE5TkFncgtteoQ0MgmeYewICLanGRms8FVQ-2FIdh9DuomHnmrNcNk-2B=
Dm3H1nR4C4rl5MW9DEFq2QJilUauRttUo0XkqZra4d9Pnlba3cS9cdxSsytM3kzcKmDhzRKzRF-=
2F9LSmp59uOokI33jQ4CbMag3Cjv35S-2Fht1sGRHAuMYONWkfRh7oh" style=3D"color: #1=
D5080;" test=3D"">USA Today</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding: 26px 57.2px 37.3px 57.2px; white-space: nowrap;">Si=
nce yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 24%=
; min-width: 24%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              756
                              </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;">
                              2343
                              </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;">
                              1108
                              </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;">
                              20
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Funds
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding: 0 133px=
 13.3px 133px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWJ38KIDo4-2F3vzO3YnECS-2BbQXUUkYXCXKbixgSttX0AbQ-3D-3=
DLDRb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRF=
sYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6o=
l9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7=
JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2Fb=
GxGVI94x5D853vuTswddKkixzcWlflxP6wtp3EhATgE2DTLkJzE1q-2B5ky1z305eURYJbvtQdz=
CoYnjUGEZmS7sT6gE28FuVkDBmVOFNhIeYqrdeM5nwmbGYSWesEMbEua4UuUIG0Q5p9sUuhRJK4=
UAIqzZJniMK6Qss3glKcTqT-2FAwgp-2FLG05GeOA6ghdBOjp9ndq14Mh7Z9U4FxPVSWh7cHD3r=
YIN9mDiKqlja4E-2Fh8qgkguqRBeOLMaiyedV2-2BXz8YDTWb5gtcHiuZu7LEtAcboBbaCNQ1BX=
GSUT3-2FDk3o0W" 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>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_576001" id=3D"n_576001" 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: 2017 Vint=
age Global Real Estate 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: 51.71800947867299%; mi=
n-width: 51.71800947867299%; max-width: 51.71800947867299%; background-colo=
r: #1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">8.73%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR&nbsp;</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">16.88%</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;">
                              0.64x
                              </div>
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; color: #000000; font-size: 16px; padding: 0 0 30px 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=
swouzWJ38KIDo4-2F3vzO3YnECS-2BbE4yFCK7ToCzEWM3Lf7RcFA-3D-3DFqfx_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sp=
h0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40l=
agPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHa=
yV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTs=
wddKkixxDhmyCV0UsVx3T71q7ffWwIt0MPKwuHDNto7qwwXAlXndIDuEhFKrlGZWNDk5sCRM1JL=
NYawGm-2F-2BZqGrOABuLbajS9M-2FuneeRPeQnpVj8hz27U03l9beOOtLv6C55xYHkqqy8T8vH=
p9x3gAqUgus2eny9Sv9A8HQfd3wyLEDWmrndEE-2Ffl-2FtmNa1CS5wefq9IuZ11AX1hB9NIayh=
X1Tef35aZtF3DlvjMpwLO-2B6h5ViX1ak8FO92WLCCeUxwI0U1xll4-2BpBpoDDLUAQ-2BSu0-2=
BPj" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universa=
l=3D"true">Realterm Logistics Fund II </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWJ38KIDo4-2F3vzO3YnECS-2Bbd8StN4ji0Rx8UBprq77iuQ-3D-3DEkG__Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sp=
h0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40l=
agPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHa=
yV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTs=
wddKkixwF2089jcPeciyaUPyh1Z2NS4N2yF7XF3xC1iVBAjXC2TBpLGWXlLjlHJ2cSF65h89oqj=
bFyW71Z-2FIalG-2BVXW9POo8qNK0rY04p9yiEo-2BDlXKEEvr9QVqpgjVs6Zsp-2Ft174KiKnD=
TxRxu6d-2BKMTvc-2Bz3mzeXqJd6NpZGQMfyC57PT8hniaIwInZ-2FEiBggDOtbvyLKYJhXsnX4=
JqfNin4f7RtEBB2pWLsXY-2BxsFbSyncB9sEfnRHoeJcL80tYim8XZw-2Fr3TfZFG78gvUQAsR8=
VL-2B" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univer=
sal=3D"true">Principal Strategic Real Estate Equity Fund II </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWJ38KIDo4-2F3vzO3YnECS-2BbNEJUkyC2-2BhyQf4V0Sa1lCA-3D-3D54Dz_Pr966knua=
Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0=
Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi4=
0lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LH=
HayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vu=
TswddKkixzw2pJ2MiFHVzsg6wWw55RF98RoMyaeTT2stXJWoxFyEFIx3lhGZlZfYr-2FvEgLh6x=
QZ6LVYcjnNudKUs7qDMn1rj3kzwxu57FLbslwCJLTDjR37bV5CTINmflASKzK0vNiWKMeru5R3E=
j4I4ikkLl2TrXc4zJPxOd1152V8pwfWQzKyJ2KdX7w2LY0hpKT-2BbQ-2B1UWsMjwFk3uWsgFFU=
PpY4qHDkOYuxyNYp9ZmFFD6tD7IFuDZaUpDiEh9tKs7sOmjoedKqCuKgqsb6u66yKQ5v" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>Cabot Industrial Value Fund V </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-2BaqM7ONnvsnswouzWJ38KIDo4-2F3vzO3YnECS-2BbYi=
yMmleEizMtIEakqXCLjg-3D-3Df-rF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5=
uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOE=
i55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5=
BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixwRLK6kUukf5nG5UJ4kH64L1Zsp=
y34ZrcfVkUXUWBccIbogBWbvHtGqFwpcXGYDSnuBQ2QKHoWuqa690jRzeEPUFlAgrw4grrdc4X1=
xULvEfXjNGh-2FhZV6QwwtsmHRAVA8eMd0g-2BFqy-2FG5LzvPr7CIDcyl39r9LovYVeZFLsQ-2=
FHhk3BRQ7xm1EMMZBEgTOy2cqHfV7aoM-2FR7fvKssRvTpgTzUh05RL5tga0NVuh21bvk7lIkpX=
aRCuI0y1FlnKrcn3rpjgZpTc8diy10xsZ-2FRkk" style=3D"font-family: Roboto, Aria=
l, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-heig=
ht: 24px;" universal=3D"true">88 Funds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFLltxD=
69e-2F1Bc6PDgtr7ii6BXD7PzeQShlwOzUfBZLQ-3D-3DlZqK_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2=
FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowu=
Rjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BE=
nrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxyPxVON=
uGO0USTGnb2kZlye59PYJesTQriupDrIdzL2wkQ5O2HlknblvkL4Cdf0nSY8PxqV6NyDUMpaCPs=
SjmMRC2p7I7A3BYUO-2Bus22sHgIKmlVyEqF84mD9Hh9FyO9IOpPFdju-2Bka1oF3MIvMnjvEPN=
a6wqHZl-2FROjgUt85viym6btV2uFLddpvOsIIB9sTFzsxFaFzREOwgyBYf3eH95o37bsBjguHy=
JuWM1-2BjLFsiQkw6AQ4UdIoOup9k-2F8jZZHi3h97OK4M806nf0Zv6N" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Swedis=
h vibe coding startup <b><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFLltxD69e-=
2F1Bc6PDgtr7ivrthPytsqO1N1upIfTUpDQ-3D-3Dkwho_Pr966knuaHmaw6c7pKvB-2BCEiDnj=
5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u=
6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2=
b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhq=
XIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixwJWR4m09m7J=
rHLdezdJ77yEb076V0LsYVTunxZK7YebNzHvZU3Dgx-2FvvfrPBdBQa-2FuwRcVgJiPvEd7IyR9=
zoQ-2F4u9Z2APTE2S7IFxvTpL7gxlsdz7xdQa0OBWi8viZeRq8SeC2x0jYyfS0Mxy01GVJ27UQz=
UR-2FsG5ZgoR3pohNaHjsvV-2Bj1shTsCqG2U7pn39CVARsvTWbObaOvXGQj1zo1rMLwZ4r0f6P=
oRGo2jn6ZwFcMxY1ey88R7-2Bn-2B852qivXi0baHlkYS1IbgT5kp765" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Lovable</a></b> raised $330 million a=
t a $6.6 billion valuation in a round led by <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzUFLltxD69e-2F1Bc6PDgtr7iZrp3U4luugGi6U89UK-2Fs4Q-3D-3DeGi9_Pr966kn=
uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhF=
T0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2F=
i40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8=
LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853=
vuTswddKkixzhSnTN3Xod5up2qjtPxfmUhheCCjU6zXq3ty-2FTywhI8zg-2Fesxlh-2BSNBCkV=
ASI98ZFf7MTH0Jb6XG7S3TuoiYvYN6DetFKoNTcde6RrSeanS0Iia2V-2FVb3I9Zx7-2B5JJoPE=
6RxtrMRv55grAyE4jl-2BWxUOtIVCHVenrhi2gr9VRJa-2B2swCoyzLgpaqSltv5RLaQ5PRCJoD=
FtCmiYJ3YKPhUNUfVkhOgcoMRaVUnoOMtZFNnsvLlJUm0m3sEtcPS6sGbfJWqGt9HRashbDwuuQ=
7lI" style=3D"color: #1D5080;" test=3D"" universal=3D"true">CapitalG</a> an=
d <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFLltxD69e-2F1Bc6PDgtr7i52pApONNe-=
2FVTYNGWVkjF1Q-3D-3DC4qi_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfO=
oec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKP=
UJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46=
KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixzsaDwRIl7cCcorThrZMjnJ1ESGtzySJ-=
2B3K9qVw5fR49xVRDAdZqme2C0Th7NZztRFLLn550bWjb0Z8mrDgKP2pypOECnWnFWvDBtkgcIl=
w9Dbbzcjxw7fHm0tSqrlwokEIlI0IuCZs2yrtHpDR8mGjD4xLd045I75MpVHmRUzproaqteBtSq=
bi7gaYD-2BHOFPxtGwn8-2Bd8CwaEvbfrDdqr4tSQEC7xzWwZ4zwZp4fd235DKm29IA8VO2q1jC=
xscfP1zKLBnumf8BVIss9DSHo3I" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Menlo Ventures</a>.<br><br><b><a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzUFLltxD69e-2F1Bc6PDgtr7ihVDwp91O1qvnNjMAWoDltw-3D-3DC6Tb_Pr966knuaHmaw6=
c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0g=
GnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagP=
JjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6=
bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswdd=
Kkixwou0kjcrF8CdSummufJtDyR-2FtEtxQ6j-2Boml3O0dq9eufnEV-2FvV-2Fy49mZYIlDxau=
PlS8w4-2F0jPvja33pEzFHmPyYKLrvRL0ShAvBM-2Bz9i384b7GBM8yvlFgs9kPfkzmZCtp6gh0=
w-2BdgWz9pYOHgQ4lqyV2-2BV6I4cwhlpPyySriJUMmtqY1JiGhJDoOIPxlbuOYDKmI3Vo-2FdC=
LBLbGUbMzYK-2BfxsTp0GfmHfqmpCQH8Lb0a9z7iR6O8az2oD2MPkUOFVlCG1yGL-2B-2BRfm1q=
xNsR4i" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Radiant</a><=
/b>, a manufacturer of nuclear microreactors, secured a $300 million round =
led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFLltxD69e-2F1Bc6PDgtr7i-2B5M=
PQ0Jy0ymJwCpPZz3rfA-3D-3Du1yb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5u=
EMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi=
55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5B=
ozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxz054C3FsrKlaaU50NogHtzqhID=
Wauxkd6g3QEzqMvwtdn9bZdA3zv9X5mzRwV0a0EdvoaK-2FJdYMogIzRKc222gHccl1GXRgY3MH=
yVs5epSH84cqSigRQ6HLTnusUnSqP7GFJm8bISSu5TWlZTMWBKCpx7Gex2yo64KE-2BJ27rYHoH=
nAQrte9eFmuYPMqAIrYZjafW-2FP61C1ok9DS5F-2BHsFHPdBIQbQ-2Btjle4S6mAt8-2FawBbj=
00qcFp5C-2BbdJXWZidbbTcoBY4SHEtB-2FCEjR5Ly" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Draper Associates</a> and <a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUFLltxD69e-2F1Bc6PDgtr7iyZnBcr9WxV21fGthzV4TkQ-3D-3DlTOY_Pr9=
66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7M=
AfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1A=
X-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR=
6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5=
D853vuTswddKkixwJ9XMC65Hi09UAzbAoSziGLfom8Yri0eHbghh0QZw3pfLVRjKlvQo8RhTMNo=
y-2B18U334ix1w7OrKW2Zrrp5F5t43rZikO9wL1YHkCPiAaipobpM0zcMyAmyVrxt0T5wOpBb3T=
vT-2BEnmU4zCVCPHcEwjndAG79yVFntknJBL96ZaS9AG2MaVXF5CpPIZpJ9UQ4xW95EDztFT8Cf=
7MVgzc-2FSTvZ-2FT-2FfK89jHrDcMDRFS1Tr6JX1OOcd84JWylaU0KSxvq1dGeOWeO3V3ZDfh6=
oHW" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Boost VC</a>.<b=
r><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFLltxD69e-2F1Bc6PDgtr7iYpg=
ztiOpF-2F1HAsj5VmDW7w-3D-3DpeYs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B=
HR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh=
5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQO=
Ei55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB=
5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixx55ALgHIpm9YrgAQk96aLS4p4=
HRb-2BMXAJxjf9SlF7TiwI7HgkGwbzjGsBZqnSWgfnEudfivH1XWFgSvL9UiC8alHDqMqTpy0SJ=
ixJwfFSx9YeAG4TvLQYCqj-2BGdncyu56PMgsTbLr8VJlphbVC6-2BKdC6IRbBjj8ytG7Op7Uhh=
k1bJ0W-2BeYyxlI3eViihtW7PFhqiFebvZw3UEAkS9Vg3ChE-2FYPk2Z3VwJx1iLhaOuMEIPlHt=
bGCXdoF-2BrGmF63OSfznZzELmDJ8vTi7TB1M2xh" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Syremis Therapeutics</a></b>, a biopharma startup dev=
eloping medicines for mental health conditions, raised a $165 million Serie=
s A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFLltxD69e-2F1Bc6PDgtr7=
iIqYtbWHQJIxinxdgx-2Fp2bQ-3D-3DN2wL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIk=
t6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ=
6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2F=
QNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixy3IbnxomG9ayIMyXCDGOw=
8ZHgE7bR4hymzOqROeYhBVgGKtQQO852KbKu0DPUXs85JsVUBC5qwrLczPLTixHR1OFMhdvdza-=
2FV-2B-2F8G0BQ4uyk4m2U5nfjDojxXhOVKkkyLMr0EZpVJlWi2B-2FIrFcj2XiqTJWW26MCGIi=
GQDB0mClcJr-2FoirVaOlebiDnTJy6XvwC1Ah8G9EMwUV-2BtFeJyUPgOg5aSHInqfVywirfUWD=
taUUe-2FtWQTS8IGzZF6Rq-2FvC4oLu7nsZDLv5j3-2BysDp-2FI" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">Dexcel Pharma</a> and <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUFLltxD69e-2F1Bc6PDgtr7iEKtv0wWUmyQPRLvLHgoQ9w-3D-3DLj5=
-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcv=
sFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2=
ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQN=
NxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGV=
I94x5D853vuTswddKkixyUuSaVapTpNdcUvMEhegVM1dmUM3t5BidTHSfYS1watu-2FOA0ktDT6=
nDwOU-2Bwiquz3hO2xMXdz9CyIS6UR2iFZyLS-2B4MrMN8mWEV9ELwPanJv723QHDQU36pQ5vAI=
P7JVdYKvsLXLp4lSldIdOrjGasRN4aMHIDwK73517WPb3xBHRy7s9RSlSzBa4DUdSiE6hDN2G3L=
b126r1DfMPDeNxLdAJ0qqYpZMH-2Fcf4JaRywkTMY-2FQ5TWceHiAo-2BVSn7SDbAd345eCNIfQ=
jzgeBhAKHz" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Third Ro=
ck Ventures</a>.<br><br>
                               Biotech startup <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzWTi30ifYKNT-2BPotsATIYHYQ65qhF6NfVyEd96YGT3P2Q-3D-3D4Eg8_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MA=
fhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX=
-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6=
AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D=
853vuTswddKkixxMqEpvc0D-2FqlGMIq0K1NaDuupEGFJrC3EnBti8ORDgrvpDxJqfzVXvpdm0j=
lnkSiMJulko24NbTxXUgCFzRYMLWOjCkN6-2Bzw3uS57AFf4qt4YRxSoEFJdHJ7dftbDdxO5UM6=
V6oq3XCkJRaQxAuHHQlfd1ucWPAKWumwTDpkt5PcwM-2FVQTRR6wmqzEqa1jFt8qeni5gb9jAf1=
PvKcj6iUaTrNFefBDsmS6ySOvETHclFRbpjTtGjC40TwwAFhLgaujXi0hNy3iGuwunV42rgmg" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Atavistik Bio</a></b=
> secured a $120 million Series B led by <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWTi30ifYKNT-2BPotsATIYHYgGUo4HzqpjYsbYO0gHAoww-3D-3DHYvp_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0=
gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lag=
PJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV=
6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswd=
dKkixyoLN6JzJJpxJq1d0SNJUMjxnbmAdrATC-2Fy4-2Fm4lY9QmjmhaJHhEVdG1IUEmUZWZyug=
dkUiwC3-2BgUQn6CTthYPKvn4X0HINahMyjNRwqxOSxeuNYvaf0N7pdimSMXu-2FTUPZsu7jfrK=
roJUEMKSdGoJlhvt6XcY6z6JPUpfjJc-2FKUBrXd-2BaI1bMwWW4Tk4uoeDOcDgGgwvDYyCfPjN=
H6gVi6Cz0-2FQDHIruPKBAcLrwxfut6PzPuz1vfMaRRT2vg1jpiMlfqS4QyNe6tgv9ukfB-2BS"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">Nextech Invest</a> =
and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTi30ifYKNT-2BPotsATIYHYob1UFs39=
F7FtS7SDV0-2FNoQ-3D-3DDOad_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMh=
fOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55c=
KPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM=
46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixydqqIXwosWS32DF8dFdx-2BAAJHRBh=
SIzHVdIPqiPMiqAbSDAQH4iBRv5uT8ZTTzSvKzH26fgJt3qCktCyM2osO-2B5vrcwUcsNV2nbvq=
JEl6vlv860DjPVUCK09vBAATMTHKPFjpuk5MhhlJon-2BFz7HQ2AKtb-2F5sZSrlkApIlcKLsWx=
HwGjq2VaNrAZKL2RehTwciH0-2BH-2FCN-2BWCX21LZa6zLJZy-2BhXdAl9mjiJOXQa76QW1tHD=
bg8hdlPGo0XiTuzqhMt3QqM8SGe2wK33BiHr-2FCN" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">The Column Group</a>.<br><br>
                               Rome-based cybersecurity startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTi30ifYKNT-2BPotsATIYHYqQ9mDxG0BJYmbMyYsrs=
YNg-3D-3D157v_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-=
2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWU=
vmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj=
5JfY-2FbGxGVI94x5D853vuTswddKkixwiroIngTcWrLmnYnc3LJC3t-2FjgbZTtwRN0PHh7vdb=
fNG2ZJq5ePqV7Qn8tRIAStZN6Kh6dg9o1aaBSJGka5FHLyKOWA9XFIVIOdkFWbcLG0TYoSIwVWv=
ru2-2FAi6JOOMvRwBFSQW54AjSizGtz-2BG2co3xL2SEGaCXoMSryI0QQA3re7jcZQOcosnT4-2=
FSq6s5Q7RzLNBgmTCaPhYNL2bcOOaA-2FFMstvqD-2BpzlqygfsdxLQm3AOgNE9NpdTzXoecA8b=
ksUb7uwuFsvGdQW70JU8zE" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Exein</a></b> raised =E2=82=AC100 million in a round led by <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWTi30ifYKNT-2BPotsATIYHYcxrjc7QmXdgHgxyontYWpA-=
3D-3DPbiq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68=
NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3C=
up6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkM=
aPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY=
-2FbGxGVI94x5D853vuTswddKkixwr5yapFdhZLWxdKJ0y5-2BooIWbYd0CV0t-2Bb4mcnpzGD2=
PMwA5-2FAf95mCAw5i1xOyVXBNSkMASyfPcqEKP0IBhhs-2BRb7gQQ5cPvu-2FdLCtUW0X-2BOp=
kf2bkBWZDPBFsmL9x7zTQo-2Fw28FSMJXfZBsYRjNNuQJXN63uvE8AAaoa2x5O-2Fe2TXjMNtbe=
RUEe8dNZOYNI3YO7VX-2Bt3Cw0uu0Z7-2Fmiwl2C7QdtbHMRc7peYeJGdvVZKCdf1JBYjzW-2F-=
2FVVL2p1aK2TbkqMJNZUBAiAFi0Qbz" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Blue Cloud Ventures</a>.<br><br>
                               Switzerland-based <b><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzWTi30ifYKNT-2BPotsATIYHY5aNvfup8vioWyGWcdLwHcg-3D-3D_Cwu_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7=
MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1=
AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDy=
R6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x=
5D853vuTswddKkixwd5RU9oWjC8iRFSvHT1qab2yK6wk3yyg37XRg7-2Fp4r5zb4nloWyVfurhf=
1kmN7RrthjhnU04kJKun5cNN1wc3P46xK4-2Fv-2BKkXGFbaoIUvgfzHJO5bnAFbkUmEYefZaVM=
0T7ICSkhNSbtxZ8L5r1p-2FpY7U3yFmiU-2FE4sr4j14UcLFXgZUiVKSgvn71whi8kySAbBf1H4=
bWYb7xNPnHyawyhAXQFq-2FZak2toPSYeW8gapWsoafy1lGW8OICTBtfoC5bkQZLHDEuOGeGKFX=
sc8oan" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Neural Conce=
pt</a></b>, an AI engineering intelligence platform developer, received $10=
0 million in a Series C led by <a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTi30=
ifYKNT-2BPotsATIYHYscSHFPTFT8TQSzYLLgwhsQ-3D-3DNT6B_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0=
-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZo=
wuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2=
BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixy8u5W=
ThgXZGfRgl7kcNbUd0UHQ8JEuzZ9JB5fCpcf2FWL1vR6jVLGE7I63F4mBkrD-2BA1NWPp2yYPhj=
mW3zJSmvsT4EkKWM94Y5Hn3uw9o2-2BvQAOCYLc8-2BJ-2B2qE-2B8Jd2jgQ3aBunJzT24-2BLe=
qIqC0Owi93x5zLS3jKXz-2FYU48aD62a-2FZP6vPtZnTqeWUfYWgRIHmK9UGy-2FHFT3EwQmWmt=
kMc2C-2FprZH4x07SgDqzUt-2BrCpux5SgL9T99nhIOLzqVKDGXIqTDW3EzewO556jhGwg" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">Goldman Sachs Growth Eq=
uity</a>.<br><br>
                               UK-based energy company <b><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWTi30ifYKNT-2BPotsATIYHYV7ADTssB0aQ77xJFBu3sgA-3D-3Df=
iYG_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsY=
cvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9=
-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7Jf=
QNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGx=
GVI94x5D853vuTswddKkixy0CzbsCJAgUCjmQ3mshK9zVfeh7k-2B8YuLRaivYB1bPo7-2FvuDi=
MH-2BCrUXZkkgWrdS-2B8hvYVZEOFbtwZL-2FYMvQ7ukikuKXkVDueojOwAO73UJ8FrIo2OA2ty=
WjF7cJw-2FrUACcwAuDZ6F6Z7CQlxy8LLJaD51fqD-2F-2Fod4HMnQ9cmRzZYYOVA4z9XkW48uY=
eTM20374uHCLeUF-2FRzrAV-2Fn4CMeuBkeAb-2BR-2FBZH-2B5ceor5kekzvPuCKDqc3z1RuGf=
25CgXwl5LWzho1ZSCye0EeyY8f" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Fuse Energy</a></b> raised a $70 million round at a $5 billion va=
luation led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWTi30ifYKNT-2BPotsATI=
YHY3lWkXXpBg5X0cySsDGcSmA-3D-3D_u-w_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIk=
t6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ=
6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2F=
QNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixzl19YxwFbuWzQJgsJ9sxT=
EDlLhIWgprvp25vVAvgMb-2FRriDjitF2-2FT8tEng1Mq3imBlC-2BW3fiwdeHoURtF4oFybkly=
4Z0qqrf-2F5ee4sfwlhrqYA6xDkjsY9OU-2FVOemwwbHqYe24GSxxbOYTudseU198OF2ddl7Xz3=
PC2TnteeEX-2FIHDdXl-2B9CnGR2IHVxDKG1kpFXi7radCYgUpIJO1ouKx5Cc732f-2BTSQ55Rk=
c2ISJlclsqyhqovLn5RdSrtbhP4zgxGgLLzz-2FQeqMOHA9n3r" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Balderton Capital</a> and <a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWTi30ifYKNT-2BPotsATIYHY2AnHrYa9uMGa-2FrbgQ7gn5A-3D-3=
DeRBf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRF=
sYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6o=
l9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7=
JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2Fb=
GxGVI94x5D853vuTswddKkixwhIkOdmXnfR-2FNRxFSl1fSBYIh2XpKkKcwxbP9f44rjMVBn0fu=
EFL1ok3fBaxonAuK-2Frpa6PfJ-2FwJ1gCLGw48jR5tpNBEdfj5w9QuTtoVeumUk-2FEmxuvetj=
rjn-2BzIShFffTRjgE-2F7-2BpKZEtnNNQed4eHIxHI71XwMC-2FYo69n1DWKLabwId8hygzTfy=
4zl-2BZd22F2HYE6A-2FNADOl4kAuc5wWIc8IBViKBkaHabYAp4wbvnlPzAT8csmSezLzWdcOib=
5tLpRkgddJumrDFQfUKUHt" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Lowercarbon Capital</a>.<br><br>
                               Swiss biotech startup <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzXwSCnemiOg1h9c9-2FpMPU8OXut8UcKm-2FMbt4beCqAMwOg-3D-3Dw=
fmf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsY=
cvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9=
-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7Jf=
QNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGx=
GVI94x5D853vuTswddKkixwdLNAdX89qFoTu6lSSvKunuS5APKtYiF-2F4Qtne4MQyV8BalcQDn=
ogI9O3YAhtu-2FGD4HYKWYP8w6XWLxWKQP3iEX6uavRDq7HENNtxgl-2B82U54b5orZVAbJ5aTc=
a5pEkxRBNSd252c-2FCVTFyMO6yiUWTakHQH6rvtCnzbqx3DkK-2FbJ6AWccOAD-2BZNow1GKhG=
W9qDwBlncU2YsjjWSOFcqHpwt2V-2FVgx6K4Tg6dnAzSa1GUTjOMCQiHnLP51AndsWmGgsIRFh7=
vXUT3h24E5QCnu" style=3D"color: #1D5080;" test=3D"" universal=3D"true">FoRx=
 Therapeutics</a></b> closed a $50 million Series A from investors includin=
g <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXwSCnemiOg1h9c9-2FpMPU8OlNE-2B8hr4=
VQGawv2LUZEIcg-3D-3Du_zA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfO=
oec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKP=
UJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46=
KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxEyVwQKGBUCNsUq1ym2tuYhUWajig6Ee=
Bra1Mt1FUQvnmPkihgA5FNgDYx-2Fu3UgqKxcVybi66DerUdw20CWA62FguiRII-2BeYzLIMfKg=
zxHNICJylq4VeA8zdwHF443WVL247LBA-2B0H-2BRn7Gt37nn-2FLeJ2iACaFYABMv6Tm9N43Lw=
6dvivNMMTYidULhmJUeDpFAySiHWKZXqkW1Wg4l7hdyRoNYYCyJZ-2BZs3eRk-2Fm3XFV7vKLm8=
8cNNXX4vU62MXIGXCcCCKGcnIXnpQRy01S-2F" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">EQT Life Sciences</a>, <a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzXwSCnemiOg1h9c9-2FpMPU8OneBBJzCGX-2BNtOkL2O-2BBXGA-3D-3Ds6jH_Pr966knu=
aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT=
0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi=
40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8L=
HHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853v=
uTswddKkixyrZT2FceBp1yQezmiy2j-2BBrdhrRclL6fQbzonjGmz9DE4GYZf28CGTdebdmV3V2=
BDnIt3OqmH-2FIkSrpf9PUpXWM95b6OiKxsHDLXHAEdO9HK2gVYsxtOXtStMxdHA-2BZTX8FTyp=
Ch0W-2FbkdZFnb2Fl9yCrguYiye1wXaDNZda-2F3M-2BQR-2Fw1DV66pygFnnhIsrSxbzuqLbLD=
jqcYsIJroByiDMvOMHxXJMxobrdYkOl7KVKnJ7V9KFzXbSMvSLzrC55i4opRVKpkzMjNXJ4-2FC=
VvAC" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Pfizer Venture=
s</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXwSCnemiOg1h9c9-2FpMPU8OPu=
9vtSD6FpMPyE4MOCxDvA-3D-3DNr-O_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5=
uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOE=
i55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5=
BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixzg5xl-2FlqeF-2F787Wl9BXWMt=
a88n6N7BvOf9trhgojJeHbt-2FSaj4hV0U1k4fagz-2FizhQ5yQtLSxhSWiySr2vhmfBVh11-2B=
2jLm393LbmeywDpy-2B9Hg4WQ2jF-2BxO7UrNTLF8fF88T2-2FJ3Bfkz82CoxiQIZFe-2FAwEcd=
IaCCb4RlnieNWY-2FQ75gbsKJDGuOfPpcFLIPMTN-2BROOIsPfnet1HT7l0ujYGnkLPUlBu2s-2=
FAIDXMgV-2FK96VvWRyZVPJoQ5Vi0-2BytFq1Llkx-2BMH1s5GDZuwDlC" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">M Ventures</a>.<br><br><b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXwSCnemiOg1h9c9-2FpMPU8Olht0LFB-2FX9wmNQxV4z1U=
3Q-3D-3Dfzib_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY=
A68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2=
F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUv=
mkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5=
JfY-2FbGxGVI94x5D853vuTswddKkixwky4yUj0q2rCpPwXDkz7DVjH7CzIFu7pFP1uZ-2F2b0c=
Auj-2Br1efSQxdFkc0XrPPkYlMvY-2FE6Z0zRPo-2Bs63k1wHC1kXHJuHKeNsthgnO3jAlLm05Q=
18Gxdigfn1tI9bB0xp0QsYFezLWKdkxFluERowV4TVGvBdosjvFEz4PwXA0I1-2FiS9jazfX0sq=
Ud0kZqpjVXeIeEHRe5K8tCKexCg8AK5RtRID3-2BMQDF503It3IXOM9JFi8kyeAlkNmeOu1RZnI=
q8jMtPcoTB3M5J2-2Bpo4nc" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Ethereal Exploration Guild</a></b>, an India-based space tech startup,=
 is in talks to raise a $21 million round from investors including <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXwSCnemiOg1h9c9-2FpMPU8Oaa0IdP6f80WTOYeq1vC=
m6w-3D-3DhcI1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-=
2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWU=
vmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj=
5JfY-2FbGxGVI94x5D853vuTswddKkixzxf0DIvbTmSLT2IGMvFaQ-2FywGdLcpggRq0n-2FX1R=
SN35RHAFcaT2y4ccYeU9nlAYH4aaxCojHmYyLrAZ5hxY1vts0wutZkq4DA09m-2FEwd-2BxrAoi=
3zqf8xk8B0AKYdJBeA0P-2Fjb1q4fKDslbC6f0M3h92MudmcKtLFZYB3gm7uVH3Kped7vnti1nT=
Hru3QJzApZ-2Bg2uai1CBmgCy9XWXJ7l2Zn-2FArdHsWHQekQcN-2BT0BFA5Rr6QDLhycvUfJ1N=
gZ4m0xibZxPCS45vIUMzk1Oum1" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">TDK Ventures</a> and <a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXwSCn=
emiOg1h9c9-2FpMPU8OH0G3jXTXKAYSEWrSsrJFZg-3D-3D_XsZ_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0=
-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZo=
wuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2=
BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxM9ov=
hI4QoxYUJIpBkAZRMN9nNDETe0ey0HrVbbvCQW0w0AcAyfa7mD3ZUAYhFZw4pA7n2OqA2TJnlZF=
DUQ3PoKtS0sq2bY8oud2y66Z-2FBzZZJ8u6NP-2BgXncGgPiqRkrC9G7t0GaceGgruOZ6s4dEmt=
QJXkDDJOLV8YYC1w-2FL0lgT4NU73FK0ijkSJZUTtYV4sbFCKAIvy6eYE9DWASacQEwS7ckFXZV=
eHBj37DAr18JIsSi8ev0OOUJqCPMm3Il2amTkE-2F93lKyTrM05KyEfJ" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Accel</a>, TechCrunch reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Chicag=
o-area PE investor <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXwSCnemiOg1h9c9-2=
FpMPU8Oqja2hRz3NwoAB-2FKr6si3IQ-3D-3DEmgI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl=
JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhj=
PbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2F=
yP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4=
asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixy0k8F2Rz-2FjIo4=
aSHHy-2FbF5CX4Ox-2BbaB1LycgkEVHFMEw00hX7NaKSYxZDf4gX1FgcGz-2FmpAnXGj7XpLAo2=
9SSBd8zVLePR8F7GXbakXNbmWdcjH5vAvWbLy1Nb-2FY-2BolNi5fil5ApHJsjEPrN5nmE8o7oA=
fVP-2BrUagJPYzCxG8P7ZfxbqPirPmV2OqIvmyCWpxk89Vy7NeyTQbeH-2Fnpy2HYwSeyp-2FeS=
1Z1YbPZApvex-2F02itTJ6uJPuOM-2BibBcasZL9eeH47i3kD9LoJgIM8-2FP8" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Hoffman Family of Companies</a>=
 agreed to acquire the <b><a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXwSCnemiOg=
1h9c9-2FpMPU8OR9gjZxx3N0EjFGwlBR-2Fagg-3D-3DHoN6_Pr966knuaHmaw6c7pKvB-2BCEi=
Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2F=
Y8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuR=
jy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEn=
rhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixypfpqvCE=
BlmmNd5SDf6oV8WO0LJtsIC85u4FFGzsUptO0yb50jA7WJe9k4ojNH1MbrDlvsAYNh5k0rGW20D=
lKBfAQWTLK3mGOEE6HdonWPJJdf-2BA3orCBr6Fypgj5eH7l2hbQ5fyxftK73yQRih6N2W5G0vm=
iUl5YTumNRx0HEsMHxuriQdBswZp530XCd4Y41-2FEcT6rm8cEC5Ks-2BmT3PCq8tJf0O8j73eJ=
v8ifUq1UrKLD0HA338Tjq3Y9c1vlyrj-2B1cNQjCeAWNM61MSaEox" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Pittsburgh Penguins</a></b> from <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXwSCnemiOg1h9c9-2FpMPU8OajovDR-2F29HfVLvXTc=
YiDUQ-3D-3D1FtE_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhS=
e-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1Tlu=
WUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oI=
pj5JfY-2FbGxGVI94x5D853vuTswddKkixxNhJVaiySorLUC4NWA2uWDYZko9kHSmKLQ1ciD5T4=
-2FeIja5aeFghN7BSNYKBjf0AENlI6C1UNikIs4d0kVhn2k0Q8OKinux1gDUzneOxvb2R6D72wV=
-2BZAkEXzD-2FU7FSmBRgpKs0BXGWf8oT1aggx5N-2BpEHijzZXeabtqhdt34dLHHsXpS1fsBx5=
88iymYZs8pi31LmgGQ3ul09ltd7wby9wgA21ColiEr6XQr7ZKMxk1R3A0OweoOWfOuUxHOhyd1p=
bRcl3RacuqPztiLzFbcc" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Fenway Sports Group</a> in a deal valuing the NHL team between $1.7 billi=
on and $1.8 billion, Bloomberg reported.<br><br><b><a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUpwHNOkilPOAHNSO4ItWxAShTK7iB-2FYFBi23ChmcsLTw-3D-3DOyAM_Pr9=
66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7M=
AfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1A=
X-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR=
6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5=
D853vuTswddKkixwLIgF382DpJ3pH65aZfPgxzhZGrkLfGonUq0bs-2B4BYeWUJkwli9IwSGNYt=
yNW9h3fgqHRwH-2F5Em7ngTlwjy2IREOuPkwClNsxLQkmBFkIz4KMOIGzGuEgtxhdpVTu3My87K=
tc0UOhsoDO7iGppDsD4Ho1b5SVjoegvAPcRaDuJE39ZSROEJIRS99M8O58hfIG9i7uVIxM42xtK=
D4aGtSljCikjmkfotStnN18vAC2Ty9aQrfeZ-2Fk8-2FhoNJBW99H-2Fycc23v49cwWNLPUufaC=
iwN" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ares Management=
</a></b> is investing $700 million to build data centers in Virginia, inclu=
ding a $200 million development site purchase and a $500 million acquisitio=
n of two data centers, Bloomberg reported.<br><br><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzUpwHNOkilPOAHNSO4ItWxADx-2FT06zAnjvUjcBfDUPVdQ-3D-3Daz6U_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MA=
fhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX=
-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6=
AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D=
853vuTswddKkixzeCq1L9xZbGlLadotBB3RaQeBJiy-2BzcQ0I7LpAVhg169E7OFYBxVx2Zg9TC=
3Ldc7Wt7NNrUObxREGC1u4ZMrF7d3oAZeUlEpv10wr2BbAc9CZfnPYn61UDdBxZKyynt6OhbfPo=
j9dpqJM3AOPKhCWECbKUkSWIA7XuYPNdIKzRfCpVDEiLeNkWnNek-2Bu5dSwaDaXXdhvfEs0jJ-=
2BdcHtlm-2BI0RCHJicF2wk4qSM8KNicTDYhaBPvc9D-2F2jx-2FuhGs3uuwtaWchIOS01-2Fjr=
MzbJ1N" style=3D"color: #1D5080;" test=3D"" universal=3D"true">L Catterton<=
/a> acquired a minority stake in India-based consumer packaged foods compan=
y <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpwHNOkilPOAHNSO4ItWxAFUzEg-2F-=
2BrFHxP0k3eYoljHQ-3D-3DmKgb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEM=
hfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55=
cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5Boz=
M46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixw-2BH5srDikIX-2BU9e-2FHCcL185=
r-2F0tfuMjTcw4IAj33VH1kvD88m9KQpaaF14iCRswv5hB6s1qdPIif2vI89VVrJ3DmsfyHAYIC=
9IXCm0SCZxkuyxTi5sMfxEzo97Fc8nXUwHN6l8K3j-2B4xhcZda-2BxE5uisqG3Qze5LU3BG5vQ=
KMn47ugeHENgAaZJsSBnooThsUUrqwWV1-2FdzH5O27-2BticPI5SCAc-2FILwPaQ9v5q-2FWLL=
CWD1xPqzG8UUrycu7-2FlMgYKI3N7wfY4f-2BYGGzdnaRh8V" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Haldiram's</a></b>.<br><br><a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzUpwHNOkilPOAHNSO4ItWxAVnKnAecwYDJcAahz-2FzwReA-3D-3Dlz=
9__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYc=
vsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-=
2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQ=
NNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxG=
VI94x5D853vuTswddKkixwRPFgiyWsEm2rN7yex-2Ff1DQG0rDwnVrx-2B3pOeGKsDapYQ2Z161=
Q0O71IYd4p2kGf5gM1Bi0L92jvCryWeygEVlkAORias9rQ3Dn4jeBCkaCSZ2R8JufcKRq0HBVGU=
uboGASI04NBe-2FED3VKLrRcyTw0resQOXGrk-2FhygwQftcRGV5p9HUcSZZw7yKWJ-2Bu92lQv=
eBTf8kL70f-2B7fPMAapaaMODbo1QrQFkZMaGn-2FAtlyzSyw374bUlCip98R15YUi3lGG0hTNk=
Oxk9hXXf2orto" style=3D"color: #1D5080;" test=3D"" universal=3D"true">IK Pa=
rtners</a> bought a majority stake in <b><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzUpwHNOkilPOAHNSO4ItWxA4jgVBLUeBAFUk91a1V3xaQ-3D-3DmVEy_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gG=
noitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJ=
jeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6b=
z6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddK=
kixz0zHVsjhqo5-2FXcB-2Find1-2B5SXl-2BaIG2PYb8o7-2FFkI4yN9FU-2BYbWpNCHVkKgEQ=
X8ZJyA9o7EoETkUF-2F64P4Dz2yx-2Fg9XNetufdutDp1yhMq7vH6Yckub4tWc14mKr6r1O-2FV=
uzhQwEnNpLQcjjfBhth20l3gJJEw9QMWh0A-2BqIVltV7peAm2nKKtwxkuPXtHVJwKDoA9BnIEa=
4tYhH7mRggobfcFW5-2BuCYsRRMRtnEhpZxtUFhLDJXPGq9Q7SOx7fwQGm1xskc9GQkYZOjhojw=
zfh" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ascora</a></b>,=
 a French insurance broker, as part of an MBO.<br><br>
                               Dallas-based PE firm <a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzUpwHNOkilPOAHNSO4ItWxAC8Kx74PHjoziBWc4qo1CRg-3D-3DfEqd_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MA=
fhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX=
-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6=
AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D=
853vuTswddKkixylIdhDPqjEpAlY0lCeqWoTecM0L5-2FWOwq4qPdt6OTGifI8C-2FpP8iP0z4p=
BFBSZA2kisE8io07xMAEUzrw9-2F-2BN-2FfCxexKQtP4TEHcNogDctnf5Hz6GJxGrcN7X04HSt=
n52cBShR6I-2FXfGKbRGB-2BmomsCF02Nj1hlZQo-2B0qEs8PIA2S31mkVjUFub1hCRJTJ7Cj-2=
BjdNyX2iBaU-2BGRjr57qm01scVO1hICa-2BjyhAv0k1IfauGF7E9eOd9ussOMDG0et6aX85yiM=
luBOEYPlw0MMRI" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Broa=
dwing Capital</a> acquired IT services provider <b><a href=3D"https://url63=
80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B=
aqM7ONnvsnswouzUpwHNOkilPOAHNSO4ItWxAEVLrEUDOgQV1xPJqOSGsJg-3D-3DDxYo_Pr966=
knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAf=
hFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-=
2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6A=
N8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D8=
53vuTswddKkixxnQr-2FzWRS0u5vI2AJwHjVg5qlWUCJw5-2BT2po8giB6FbqZepLocWgPFYWZ6=
sEuGVRskdSDpnuhb1f9QnWiQXOtZ1tQR0L-2B2WVCdAJixVKh1fUNn01XSsb8iUaWWeWCWQSpSs=
SB4UuBDxNM4cYTRml9pkeb7xwXQUfFOhNr-2FLBVLbPLjVwESx-2BfjXZs4vBMHASzpnNGdHIBN=
5AXZe13Gh0T95Iqgr27UkSp7Wk2Nwt59PlQG4p0Dqxr9SORGIbbHkFyswUjVlVd2zzgXRbprUvC=
M" style=3D"color: #1D5080;" test=3D"" universal=3D"true">CloudScale365</a>=
</b>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Nasdaq=
-listed <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpwHNOkilPOAHNSO4ItWxAw0bwbr=
tcrVKm-2F8qdTGlZrg-3D-3D3qX-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uE=
MhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi5=
5cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5Bo=
zM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixzSpmdWVAyWHWfCx2ZSPYnvoaTyrV=
CQyravYtmxIIpKAoDUx8BkqPN-2FNYBQ1pZfG2E-2F-2FhJaB2P6q-2B4mpMo8h2YrGbNPyGpwt=
xb1ljQ9LbaGhFOYT8byY9c-2BeSjPtMf1m4Q8hp0X2NOUzWpJFh-2BonGlk-2BcJG-2Fadx1v46=
VcgtIFWVmYHKwWj6-2BTtBF2Vrnl7aHIbxl9fTw9sJWg9P2zOpJCAxcnjOG6wTr-2BtEaoYTjoH=
loLeeKclHIETemOx4t9n42SOPbLLA9tlYzDkTTdy6BHyZ" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Trump Media &amp; Technology Group</a> is mergin=
g with fusion power company <b><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpwHN=
OkilPOAHNSO4ItWxA4oSrPEGjHmKkwmHQecYaDw-3D-3D4HF9_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2=
FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowu=
Rjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BE=
nrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxtBJcpz=
RIqO7aF-2BJt9JeNNRaWe9mL-2FmkLP7hq0Ilgr5hWXbwEscrtCGPCjR4uAmVFZbKWKZIHL-2BJ=
F2q6eRVs8j-2F7TJWpQTVGFeJeNZ7BjsOtMd0pH6byaE8U0qXVrBG4NVw2hZk-2FsRNn8ll0V-2=
FusXjBx-2BkgiaQr39wpUjgw0oRzwTPYQVDmIlifmiMGDyjWJpP6HeMJLdejNvOhH7vk9uGAXJW=
8QdDufs9s9Anka3wnMDCzpmjGaBizAQOsC0PZ40sbOiUTlcEUzz-2BafSasQ1z" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">TAE Technologies</a></b>, which=
 is backed by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up=
n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpwHNOkilPOAHNSO4ItWxA=
GIIsXMrRpEZWgifRZeuxAA-3D-3DvAJM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2=
BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6L=
h5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQ=
OEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNn=
B5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixyYippoOn5U8nGAvEQQy4mKS4=
3-2F8pIMv2K008KwSWw8Ab8Q1gn-2BKVNOsh5-2FgzqcQTjOIfET1iy0O8SD15f8-2BIVt0Bxzk=
9UX4QngDWCj6X1DY3mgms-2FQnhBSzdsX4E0WeyPY9L6HF0-2FBM-2FaJbwh3zIoXtoQTqyw6Br=
owKP1ZZxmjlJ8efE1Yv5xpCFsymEUaiqgyPI8Q3WDnv-2B4E2PEGz32U0XRCU-2B0cIJf7ufUBn=
g8DpkTLJJEmrOPwn48gcsfrH-2B3HSJ8w4wcRmsCYSOvWiD4C" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">Chevron Technology Ventures</a> and <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKYDEBl6Fv0vuFr0iq77O6CLbi-2FmdVDToP3xK4khf=
yJA-3D-3DxtZF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-=
2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWU=
vmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj=
5JfY-2FbGxGVI94x5D853vuTswddKkixyOnn7CjVTahn2CpeEUUUjhqcrvRb1GSnQpgW3gnT0FU=
-2FmSsN3VyjiqukuD-2F70tYG41cx3SYLCg5VWwaJX-2FjqeTT-2F-2BaSyH3Uh4Y8qdj8WEbXn=
AthR31I4O28aARNOY3YyrNtXqaOrmZgXLQyKz5ZEfK1EBboaPWcFQ5-2FjGz0js6X6lUzMw4SMY=
Q5DRJtsUeZ1hLqugNdAuC3LfWpctAV2SlT3WY-2B8-2Fm1-2Bf8LPTWUIjXJxWudyMExR6u3KU-=
2F4KdemfFZxULUNmByYnQd4BgtLukD" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">NEA</a>, in a $6 billion deal.<br><br><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzXKYDEBl6Fv0vuFr0iq77O6PbXtF0Nzh0I2p9y9FQKQGw-3D-3DslnF_Pr966k=
nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfh=
FT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2=
Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN=
8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D85=
3vuTswddKkixxTOCIX9HI-2FHC-2BvyOaxrzbuDdsQzz8eXYdxXS-2FSAjzMgmzpxRTZD-2Blid=
QzOS4Rmen2pUGcSsapE0bwk5GjQ-2FNvN30JNyuKH7FAjV6cHYQO9RocwC2wd9tPGNtiaXA8Gfg=
V-2F2B0uf7gs2SXKKnmo2iqvVFcvdZzIIK6fPadW8JouItA6Mr0UGNhA0l0FQOK4q2np3rLmGLs=
NGjzIqGHvzpe4-2FmJE2f5gzO9fbZPXA6REIQeBjPrQsk-2FVNz51XO-2B84KZwOTywzubTGsIN=
Za2Sp3pH" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Perwyn</a>=
 agreed to exit <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKYDEBl6Fv0vuFr0i=
q77O6zQ6ZUUKvqBz0vTlqrHBQyA-3D-3DiTxN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbts=
Ikt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5n=
NZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-=
2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixw69q8w9wlc4M2RvFiFO=
kPG3kq-2FQ4b8hs14gplz0x40W45xzjGjOFfYVzKz1sUvD1viCieD51Sb1o4lnLGBxzQ-2FvFVY=
m9chHes4Vfvht2yfrBpan2cy0iHyIeoO5CgodYopAvGDDAwrE-2Bmc2yv39-2BEQhxcomnc7K5l=
wemJlcbUT-2FnZWXhp80BuF-2FrnaDf5Zyt4qDJ4CmVmS7AVwJlHfW0P9Jbk-2FkSIxNuO-2Bjc=
DPXBX-2B43SEvfsSjrWbzJNEl824R77-2BdkM-2B6CygCfcm-2FyHQaKBm" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">WGNSTAR</a></b>, an Irish provider =
of support services to the semiconductor industry, to <a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzXKYDEBl6Fv0vuFr0iq77O6fW1ehf0A-2FYFT3jtsMmf46Q-3D-3DbPyy_=
Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsF=
U7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2By=
A1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNx=
DyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI9=
4x5D853vuTswddKkixz9qKIuTMJ-2BP9iV42TPySWKcZGlY-2F0O4ljGi8zNv6Eboqhi9Weryh-=
2BjrD8DmWOV-2BPn-2FJdXbGdBE70RcKPycQm57kW9rLYpO8acHYobnLUCC7sbY38Azf3hNaw5e=
zBcLMdcMrCV8moNzRp-2BQO8TolVyyb1rvDdPyGgahhcTwx4UNMi02wFGOghBibZ57XvKZ6HxTF=
8ntcTP5p8-2BCkXuhbQKqnBfahaz6nkPa4XCeio5W2-2Bl7M9S8S-2BH2cWo9V95T9sSdQsNIdn=
X50qODfjblhhbu" style=3D"color: #1D5080;" test=3D"" universal=3D"true">ABM<=
/a> for $275 million.<br><br>
                               NYSE-listed <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzXKYDEBl6Fv0vuFr0iq77O6uI8bLhzcDzaJT6Ut4cVu1g-3D-3DbKmj_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0=
gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lag=
PJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV=
6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswd=
dKkixwva5KmLt3rpDaUB9D-2F0fqg-2BadfnQlwySh4Ig5Fgs0OMJVYZepBNkRe9fbSnz8-2BH2=
GZ-2B2E56NzwtHoOcaZM3FpaxzU2s897HJ-2BIax-2Bc4TtXUg-2B5AC4O7zUo3tJR8scyvY3sl=
HrRtIQC1BjCjBuE-2BPM3HGCMC2WUkZYO8KjmJrhb7TwzYvNAyX8oEYPKxMEb0cGCHjE5-2Br-2=
FJyFoP5J4SVPcsx09hr-2FdJY7F-2FFqpg0JAHqLkMjyA6B5PDtc796MDwHEOZKmc1axoNnNaGI=
OQOeORu" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Dell Techno=
logies</a> agreed to acquire Israel-based data services startup <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKYDEBl6Fv0vuFr0iq77O6ea9FT3u9ZCY5StQJhOCEi=
w-3D-3DDw_X_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA=
68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F=
3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvm=
kMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5J=
fY-2FbGxGVI94x5D853vuTswddKkixwNbdaFgc0jDQkTGYNiOW3iBnt3qj-2FCsvK3AUR3YGuuH=
-2Fv54flf72y6v83rlHehcED1qZSuZlIIKbj9wO4YUb4W2C96LMXJ60WN2VWaihAqvoFmUq-2Bw=
zVyLlCGEdWBA3di4PerfZEaiwMkDt5CQjOBpbMXPrCN-2FSMwGnKvYjPjgFNX70ne8OiF2kSwwg=
4mUmXZkJTB4w463Y-2BYz0R3CfkieV5yy6rvDXvASlGX06KPWNMfZMAO1c9OAAuelyNPAW3yu0-=
2BlMMyphoFhCTGIo-2BHv6" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Dataloop AI</a></b>, which is backed by <a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzXKYDEBl6Fv0vuFr0iq77O6DHenHTmDhULFM8LvoRSOqg-3D-3D7Qyh_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph=
0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40la=
gPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHay=
V6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTsw=
ddKkixwixVBH22fBW5skT0HO864eF-2F-2FhP004eGgDarY3umOlISYxDWfrLt-2BeDGRyhukIw=
JRmZIkjkHWSfJip6FJodehnBVrSL6o6oURHyFQ01PrMF7sccg396-2FPtpnWZbWGc9-2BgnxV7I=
sJa1I4qlNbpwqlD8fxg6JRttSh8pGNMWzWUg8rZ9s-2Fv3tLqnUWVNbpL4bmYF6Rf-2BRhAi319=
lQuQsdCqLR1Gz-2F9Euyq6zEmGx3-2FwYkh6C9gxa2r0mk7mI6ZqmO2fiUcWQhTN8CIt6opwljy=
sm" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Alpha Wave Globa=
l</a>, for $120 million, Calcalist reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">German=
y's new government is creating a =E2=82=AC130 billion national fund to draw=
 private investment into higher-risk tech, defense, energy and critical-min=
erals projects as part of a broader push to revive the economy, the Financi=
al Times reported.<br><br>
                               Belgium-based <b><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzXKYDEBl6Fv0vuFr0iq77O66-2Fk-2F5qggWllpteRW-2Fx0eiA-3D-3DXlcL_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7=
MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1=
AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDy=
R6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x=
5D853vuTswddKkixxNzg5P2xZUd6wDJRfJHHbx7IUMZurFmkaJ-2FjbydMZQ-2B3FQGM4nNuE27=
KA2RZZlaJ4eo9H0WK7d-2FvShQmvzOIbm2q9dxya9LC7xL0aofRANtqyMpLm-2BeYh8vFRy8Pvk=
SVxdvjSpx6fTgCBW3DRLU3-2B2gO4HPbB3ZFjApwSPPq-2B5NnmPG69mNIrMOErPBPPIO5OzcvS=
x605goAddamsJYK3UXE9wsGoy0-2BG-2Fhxda5fRGiM9dVfnItyYeTG0IPFUSCt8GYpjZNAjOHP=
EGXOkbHXyh" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Fortino =
Capital</a></b>, which focuses on investments in European B2B software, clo=
sed its third PE fund on =E2=82=AC700 million.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXKYDEBl6Fv0vuFr0iq77O65LfA-2Bhx=
GONf9XKQVHtF39w-3D-3D4PAw_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhf=
Ooec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cK=
PUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM4=
6KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxmN2Yggk4dmLRfLc8DyxxGNBzOGxsKZ=
zyJf9cbIoR5vgzp3uhkNDV2LF-2BaHp9Qzxh-2BsAtPUa2EQghUKfsIT0RMSA9l-2Fp-2BQVXx1=
nQdiMGvTlDYuN31pKGLOCYFC2IMsGaZCs9HcDdZ5y4tqsF8seEuI1lBdEpVUV-2Bd8BRiAPn3IL=
z3CYA7cAuPE7jYCvdhiDVHCJ18WVJGH-2FhueS42VF1NAhLJTR8WIqiwlQ9GmIJVL-2BKl-2BN6=
d6BWcSiUeKTMfBs9ZpL9I9RHqIlEsrwrxXir18" universal=3D"true"> <img align=3D"c=
enter" alt=3D"" src=3D"https://img.pitchbook.com/news/71843.png" style=3D"b=
order: none; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
               <tbody>
                <tr>
                 <td>
                  <table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0">
                   <tbody>
                    <tr>
                     <td align=3D"right">
                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0;"><a target=3D"_blank" hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXKYDEBl6Fv0vuFr0iq77O6rkRlKBYq3jDQeZdL8smZyA-3=
D-3DW82Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N=
VRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cu=
p6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMa=
PA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-=
2FbGxGVI94x5D853vuTswddKkixw2xYv-2FAq67F6nS9sIHnoIJaoBffhsY5K1H-2BQWbvjuP94=
0zHlQ-2FP82yFH96nUUnqLJC4uCZ7hr9rO8LH-2Bz55V2o8oOgIk-2F5xuvFu3ju2OSoRIDzpOA=
o9cg5pzIP-2Flf5LR6LJK9JOai2M8hIJOAi-2BM4Jt-2BOqfMme2V09cuntJwysN3t9Mn7VSX5m=
27ul3-2FWuJUPdCTevJAwiN2tMZJ0TFxHnVKt95u5-2BSenT54vy4WREUHkmMmCPal3YQthBiLe=
LRZuw4eN5fIGloipuWqzi-2BKkI"><img width=3D"160" src=3D"https://img.pitchboo=
k.com/ads/ad4405/Churchillbanner.png" alt=3D"Ads" style=3D"padding: 0px; ma=
rgin: 0px; border: 0px; display: block;"></a></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                    <tr>
                     <td align=3D"right">
                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0;"></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
               </tbody>
              </table></td>
            </tr>
           </tbody>
          </table></td>
        </tr> =20
        <tr>
         <td>
          <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad=
ding=3D"0" border=3D"0" style=3D"min-width: 100%;">
           <tbody>
            <tr>
             <td width=3D"460" class=3D"container">
              <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor=
der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;">
               <tbody>
                <tr>
                 <td style=3D"font-family: Roboto, Arial, sans-serif; font-=
size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c=
enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsYvGEuXcoLxvUvub5n1lv39zPv8lh01k=
hpyqqJHuGjQ-3D-3DcUAj_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43=
kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec=
9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJS=
DQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJH=
qsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixwixMULhyNjk-2FuLoF7Fbnzh8bDoxKpRGYG=
UP3DFUwCv3PyOBvGRqRYOqyltl6-2FK0sUKE8XyY-2BqpA44PvsmdaJvBJYZZC5kTpkUq-2B9Bo=
3HYTP48SwkleHGpwW-2B-2BnF69p3STKIgixNPGAMC6ANFsxLRhH6S7DlJlCdGnW-2FQ-2FXvpi=
gW8y0FLa4guRvARNh0RbSdhL4f7RlWfsWsLHmBKwcS86h6wNcRhjHAgwSQQREM8j4AMBq3clcFb=
5bAqihGKPZqA67ab9LgX24hr0d4K7TNfy6" target=3D"_blank" style=3D"text-decorat=
ion: underline; color: #1D5080">About PitchBook</a> | <a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzVsYvGEuXcoLxvUvub5n1lv3IPuVaJR-2Biqft-2FJAdZlTSA-3D-3D-Ys=
q_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcv=
sFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2=
ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQN=
NxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGV=
I94x5D853vuTswddKkixzSqdQHBUHltiGg420iyERI8klWD4-2BxobjmkbztEmPFqO1eEYoZ7ou=
Vl-2FM0zGS4ppDywwyRThVW2ZoAYWTRjWHVQbHR5IueRaqo7nUtYMYBCcyWZf0UthY59Ly-2B4K=
UiNjwUyn6gMyRTKLtbmBByztHPMH-2FQKZXPc4I5JK1-2F6dtay0ZY9QVU6989gmWXC1UnLm1nP=
4wEgsiKhzaOOySvWowScyT0kFzxeXRjAK1ljj1BNfAJgRZPlpaxowaEhnUd6rwtDTQRTJH09xkJ=
FxXzg1Rm" target=3D"_blank" style=3D"text-decoration: underline; color: #1D=
5080" universal=3D"true">Terms of use</a> | <a href=3D"https://url6380.news=
.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzVsYvGEuXcoLxvUvub5n1lvuAV342oKTgu4jJlyAYtOyQ-3D-3De_lp_Pr966knuaHmaw6c7=
pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGn=
oitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJj=
eCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz=
6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKk=
ixxEf9pWsEwffbEzacJfna-2Bprfa2XC1cJ3jYC18etcqSOBoGGLUd6Yg1WHJC0e8cxft5ToB5R=
iq-2Bd5N0W0Oh15SDwT-2F1w0QSe8pI6GjCjy8F0UsdVl3BStBTXLuFj-2BmzVhD0BSpNKNHYqm=
s9i9SOstYGs2PKSIW4o3fsPcyPLCLpG4A1lRhWur-2FDOQIoFzTxHgNdk0MsdebPKdAQUCUhVFz=
19CybLJ-2BcsKjWNoKVhpJPtAJ-2BNZzce-2FdGbTeE70uSDOzcguHW95-2FLw1NdMCb8SWeD" =
target=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Adve=
rtise with us</a> | <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsYvGEuXcoLxvUvu=
b5n1lvppdut5sPQUQDuhVPaoSZNQ-3D-3DwrCt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL=
0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbt=
sIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5=
nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa=
-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixzucv1any1pQGoIca8O=
NakLzaOhIXdwvwQ-2FSrzV8t115kpJNyUrFue5aI3rM7XzNHmYWfKTND63PaGQVEzW9p3PaezQ7=
Kk9iAsiQjYaoGvoxhw7n679ZRY5obrxnqGHSDL3XRUH3asaYmPR0kCckAMniUnZqKI9GQSzAg9q=
QLmZTCjJ86mGOHpOYOUCFNHeTDPH-2FPExeKvHzCW19YY4dr3bEZNDDhD0e7NDFIJL1TmwztTwA=
Dla-2FgUpI8eovalBp8P-2BjfNSeXVE-2FrOTQqs7sxIq" target=3D"_blank" style=3D"t=
ext-decoration: underline; color: #1D5080" universal=3D"true">Contact</a>
                  <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"=
 border=3D"0" align=3D"center">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 15px 0 0;" align=3D"center">
                      <table cellspacing=3D"0" cellpadding=3D"0" border=3D"=
0">
                       <tbody>
                        <tr>
                         <td style=3D"padding-right: 10px; font-size: 10px;=
">Follow&nbsp;us:</td>
                         <td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzVsYvGEuXcoLxvUvub5n1lvo8h05lTcN6YvCKTJkzquxQ-3D-3DZFq1_P=
r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU=
7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA=
1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxD=
yR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94=
x5D853vuTswddKkixwROIqNRk1C2bJ2Ko7L21gaslhuuNLprGEq5En0sOfb-2FIBV-2BP86NQRa=
Rt5pDqK3PXrP7CvwIpDPbsCdSKcRRq7IarXlWCIZbQozLKx9SsiH3-2Fwp-2F3Qsmo4uybV6h6p=
s2mhPxVysuAy2rEcOhtiWvrIi1chCy6AfqRwMQMRQ8AcztO5j8WUt40LjdFXwTL-2BWM8kUFKHm=
3V-2BONuLUHrdMO6PpjJ7WdlSHdFdU9VRL-2FVZe9pPYgg9Eiaq-2FdxJ-2Fje6YjPcSbkVHUFZ=
EXhsJMpy3SRu3" target=3D"_blank" style=3D"text-decoration: none"> <img src=
=3D"https://fonts.pitchbook.com/newsletter/linkedin.png" width=3D"25" heigh=
t=3D"25" alt=3D"in" style=3D"border: none; padding: 0 0 1px; vertical-align=
: middle;"> </a></td>
                         <td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzVsYvGEuXcoLxvUvub5n1lvVsoEw6RPSZlKB-2BdAAkYTgg-3D-3DNm70=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvs=
FU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2B=
yA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNN=
xDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI=
94x5D853vuTswddKkixwy9Ba8Lld-2FhSV5Ucq-2BMcA5KHo-2FetRob5RlN8xmDYyi1WPkNmph=
9C05xLcMBgoIyesyADJsjIgecemBILShY73CsDqT3T0mjhp1O-2F5vlf1ZuBJXSfWE8QitFeizO=
pD4tGBOiXZK4g5qF3f4f6ArlptV3dMtpYvfaxWJFHdWGJZ5zzan9za-2F5Ejjh8LBh95g6RwgVf=
m321dFMMClMRjB-2F5CdpOiC5B7B3G-2F1T5lLkm0NOBgfHomCB8bXz2xhzeBl4y5fa5D7B0W9s=
rmgN2Hfpd3Y" target=3D"_blank" style=3D"text-decoration: none"> <img src=3D=
"https://fonts.pitchbook.com/newsletter/twitter.png" width=3D"25" height=3D=
"25" alt=3D"twtr" style=3D"border: none; padding: 0 0 1px; vertical-align: =
middle;"> </a></td>
                         <td><a href=3D"https://url6380.news.pitchbook.com/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVsYvGEuXcoL=
xvUvub5n1lvOMnZi4Lq4G35BFQ79rkAzg-3D-3Ds0z6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U=
wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6r=
hjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-=
2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXI=
B4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixxSGCi3Fx1cKaP=
Nnb1NUPm-2B04r-2FzQAhTFXMoShhM94665L2RntMaoM4F1m5gIdwshnRw-2F2dr6dUZcvmX0ha=
R9BR1JDhqrC8kL0xtN-2FqQo5UkGsxTvtn-2FTMibTAPTx80g6RyXeS5LY-2Byiv1UYGg0eZroW=
GdGjyCiEwrX-2Film9IGgxz70YNWWI4neG2R-2F0LvrXcgL1N84JSz-2F-2FSo83OeZKJKe6U8N=
S9mRa6mRhtxYDWFpSjjmIX51YxuvQdQWbzkRMB0VZrCXWXeDjIKRQ3C5JAR2" target=3D"_bl=
ank" style=3D"text-decoration: none"> <img src=3D"https://fonts.pitchbook.c=
om/newsletter/facebook.png" width=3D"25" height=3D"25" alt=3D"fb" style=3D"=
border: none; padding: 0 0 1px; vertical-align: middle;"> </a></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table>
                  <p>This email was sent to <a rel=3D"nofollow" style=3D"te=
xt-decoration: underline; color: #1D5080">vetyl@ponjosonek.com</a> via the =
PitchBook Platform.</p>
                  <p style=3D"margin-top: 14px">Click <a href=3D"https://ur=
l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx=
1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTf=
dSBLrG5odLYHQXzZYap3xyjo613CQL5EKIRNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-=
3D_CzH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR=
FsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6=
ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA=
7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2F=
bGxGVI94x5D853vuTswddKkixzpVeg0xMWxRWBab5oQ1LHKuDun-2Bs2AvGU-2B1OIij6JDU-2F=
K-2BRnEit5ArxrAWFt6ybCv8PR7Qq9bOSvBQGyJTpNoO3lLHy9XAmi-2FdvYoFuZVEVOUZZv8qH=
2uEfGaOYmqP80NwvXMJC8YVkkER7XKaqqrhosKGgS7mgMZgnd6Blrne-2FFzJJ-2BaDHCREuQDz=
KN0slghAK7vYBms-2BHgRUFXCl47lnS0mMHgqW3PO1eYyGtcyZSso9lLjNhrn0m-2FZL4KDHhNc=
Y3-2FB41-2BLLf-2FGiQeTn-2BxML" target=3D"_blank" style=3D"font-family: Robo=
to, Arial, sans-serif; font-size: 10px; text-decoration: underline; color: =
#1D5080; -webkit-text-size-adjust: none;">here</a> to manage your subscript=
ions, or if you no longer wish to receive these emails, you can <a href=3D"=
https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rVRvnzbxJbWwDftsHe-2FnJ3PNCbp5fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsIf-2BQHY-2F=
6l9Vc44O6YYP5nyZstiuA0hPHiOTJvTphTwYVVcDj-2FgzVFL55dZKzjozFN3yY7gCEJIYIrzSM=
or6WWroWX0bXV0YUZSSv0rx-2BGIUB1ul-2F6MoGAA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw=
lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcvsFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rh=
jPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2=
FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQNNxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB=
4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGVI94x5D853vuTswddKkixybTfYmrC9DFrgM=
HegB5qnrieMwXxMEv-2Byul1TDQW7x-2Fy8d0IH4FAMGe9yb3xnE1Am4rAeaMFwXOJRjkmsbAET=
DyzPX-2B2yUEpPBGN5SC6zoe6wBufcNGhN-2F-2FhxtU2XZ9VCpFOtGvC7D8PO3-2BtmVTeyIof=
pI9xg7I885qFNbTpWokQZlT6YMY6HeEbQtV2L-2FxsmgwWasn7o2-2B4ACLRLjQ4bSzF5Ys913I=
8wUbR0COLmLhhRVQAGJIv8-2BwgwO0FcFDFYH3T-2FHaOM86-2BZ929m4QOm7" target=3D"_b=
lank" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 10px; tex=
t-decoration: underline; color: #1D5080; -webkit-text-size-adjust: none;">u=
nsubscribe.</a></p>
                  <p style=3D"margin-top: 14px">PitchBook Data Inc., 901 Fi=
fth Avenue, Suite 1200, Seattle WA 98164, United States</p>
                  <p style=3D"margin-top: 14px">=C2=A9 2025 PitchBook. Win =
what's next. All rights reserved.<img width=3D'1' height=3D'1' opacity: 0; =
style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitchbo=
ok.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAECQE7XY=
5D5PSLQI&emailId=3D3DBVZ53SFONMUQ2&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG=
625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DPED7RLFD4GN3BVMRTF=
QEHYZOOJCKA34MS5JA35Y.gif'/><br></p></td>
                </tr>
               </tbody>
              </table></td>
             <td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">=
</td>
            </tr>
           </tbody>
          </table></td>
        </tr>=20
       </tbody>
      </table></td>
    </tr>
   </tbody>
  </table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0pYC2=
M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRFsYcv=
sFU7MAfhFT0Sph0gGnoitReC0-2FY8u6rhjPbtsIkt6Lh5uEMhfOoec9OZWhSe-2F3Cup6ol9-2=
ByA1AX-2Fi40lagPJjeCs0VZowuRjy2b-2FyP5nNZ6tQOEi55cKPUJSDQ1TluWUvmkMaPA7JfQN=
NxDyR6AN8LHHayV6bz6bfCQ-2BEnrhqXIB4asa-2FQNnB5BozM46KJHqsV9oIpj5JfY-2FbGxGV=
I94x5D853vuTswddKkixzWnOS1rGj77kIAOVQqPGVAhzTMDYy4Pa2ol-2FT3-2FeO9vVHOKHXlG=
BlMTDOHmWBMVYjyiNcumIAu5Sf2iKJrtkspJoYa1VxWWcwNDZxCsuS1mCxCtcke-2BeAV2fxKCZ=
Bp2hUTtkXhPl9b9iUbUzozJhPwnL06SWmM9OwbIsOnGXmNK7CSRSrCY-2B2tWJnZhaaukJndCzn=
ZazXafV618panPTJ2PsuB77pz4BWcxwJno0-2BFZXwfLW3LBPXxfQcngcNtail-2BFVskEjGfdb=
ivl4Sg4MQL" style=3D"display: none"></a>=20
 </body>
</html>