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Date: Wed, 24 Dec 2025 12:02:39 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: VCs push IPO dreams to 2026
To: most@ponjosonek.com

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says about asset managers' hurdles. Also, the 10 most active <b><a href=3D"=
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erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> 2025's mixed bag for newly pub=
lic VC-backed companies </span></td>
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ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVygQ0Bb67CYXOWzo18msbTUJbHLt2KQ=
bocCjWrbF-2B3kA-3D-3DlFL2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
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Oygx2AJ8LMMHP-2BmxfmbFphyEsTtRTJH8oslJcBk35AcFX9s2ymi00Apexb5kYmAW8We3TAKfN=
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8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">Figma CEO Dylan =
Field, at left (Kimberly White/Getty Images)</td>
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0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Rosie Bradbury, Sr. VC Reporter</i><br><br>
                               Several of the hottest venture-backed compan=
ies that went public in 2025=E2=80=94Circle, Figma, Klarna, Netskope and Na=
van=E2=80=94are all flat or down from their debut opening price, despite th=
e tech-heavy Nasdaq ending the year on a high.<br><br>
                               After a drought in public listings, investor=
s were hoping that 2025 would finally bring back a stream of IPOs to provid=
e much-needed liquidity.<br><br>
                               While both the S&amp;P 500 and Nasdaq are up=
 by more than 10% over the last six months, a notable cohort of these newly=
 public companies haven't held their stock prices.<br><br>
                               Part of their muted performance is common fo=
r IPOs: Initial high excitement over a company's listing and first day of t=
rading can subsequently fade due to macroeconomic events or investor disapp=
ointment in the company's performance.<br><br>
                               Poor post-IPO performance can also dampen th=
e enthusiasm of peer companies gearing up to go public. "If you have a lot =
of volatility and unpredictability, it makes that pricing go a little haywi=
re," said Alexa Belonick, a corporate and securities lawyer at Gunderson De=
ttmer.<br><br>
                               To be sure, some companies, including data c=
enter giant CoreWeave and virtual healthtech Hinge Health, have done well s=
ince hitting the public markets. They are up 64% and 28% year-to-date, resp=
ectively.<br><br>
                               After a slow few years of tech exits, many V=
Cs are (again) banking on 2026 to finally be a blockbuster year for IPOs.<b=
r><br>
                               There are some potentially major liquidity e=
vents on the horizon: Anthropic and SpaceX, which have some of the highest =
private valuations, are both reportedly exploring going public in 2026.<br>=
<br>
                               Whether high-flying startups pull the trigge=
r and enable GPs to send long-overdue liquidity back to LPs will depend in =
large part on factors out of founders' control: inflation rates, probabilit=
y of recession and investor uncertainty.<br><br>
                               Belonick is still seeing tech companies want=
ing to engage in listing discussions for 2026 and beyond, apparently undete=
rred by the IPO performance of some of the recent cohort.<br><br>
                               But some VCs are still wary. "You basically =
get one chance at [an IPO], and no one wants to take a risk and then become=
 a battered stock that people aren't excited about," said Rob Biederman, ma=
naging partner at Asymmetric Capital Partners,&nbsp;adding: "We're telling =
founders, 'Hold off as long as you can.'"</td>
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0px; font-family: Roboto, Arial, sans-serif;
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ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVygQ0Bb67CYXOW=
zo18msbTA-2F3mykT4wOZM8gLr0iUPxQ-3D-3Dt4EZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6=
JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2=
BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8Jb=
riSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP0KCEJYGcWqnouz7QduWIleNl-2B-2FprFPwbrifFm=
mzUoaS-2FfN-2BzQm6x0KcO5qJcSC2hCWogjrGFB4i5Z7NeQl8Iiy7easPr8XsMWiYK-2FnQJcZ=
LH-2FfMfd-2BFHzD-2F-2FOsnHxtNEi74NeNXX4MapF2tTr4UB9-2Fn3kq9JUJ7kYyHAhsZqSJl=
OWJycJHI0BMs5peoNTBSpoRfoEoeWjtBkDALusSyqu6jNnl2CzTToarIihMJsgzRPVECaAv0WfW=
pgdAfttXjhqZd2edRy2mP2HKk0M-2FRqSg-3D" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Q3 2025 PitchBook Analyst Note: Navigating the New Stand=
ards for VC-Backed IPOs</a></b></td>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
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ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
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dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">=E2=80=A2 <b>AI agent=
s are finding footholds everywhere</b> as investors fork over capital. Here=
 are the 10 most active VC investors betting on AI agents. <a test style=3D=
"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVygQ0Bb67CYXOWzo18msb=
T-2Bc6BBuVCvoALTk5dseLWew-3D-3D9RpD_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYp=
msUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovS=
upD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI5=
5ngkcFIMrHj92FsIAXkWm3i8HkP0X8vfi2XejY6Fbyrqcg3-2BY-2FRNVmdJIrjDwMLSAZPN-2B=
9RCCBa50YdCb87FncNeCy-2B2csiXusurYJFjsL20Y0sAHg2xOxxNyG7s4g-2B7vvjDGL8r0eN9=
vGIrAq9TaJdF6tOSENluttTRRAwLiaagbzJgg03mBe7S1aSaLfulRZ2YOZBlBbHvy-2BFb8slXQ=
wlflJ7dZpF90PNTXxsFip9I1jYWwY4-2BV4BNKZYtClpVVClKK56X507qZYht7jobbBpzQ4Lec6=
HSieWzDkURwYggByfXw-3D" universal=3D"true"><b>See the list</b></a> <br><br>
                               =E2=80=A2 <b>As capital expenditures at tech=
 companies balloon,</b> more investors are considering the possibility that=
 revenue generated from AI funding may not live up to the hype. In case you=
 missed it, we put together five charts to <a test style=3D"color: #1D5080;=
" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVygQ0Bb67CYXOWzo18msbT5manm5QnOoXfpbg=
pfexsTQ-3D-3DpaES_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1=
EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYE=
P0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAX=
kWm3i8HkP83omOVWd8N4x6wF2076B20OlQz5Lx1VDsULrdDVPckH477OjNdE7eBc9NpbLg43ePy=
z8ne4ggPZkM06didEZijuFb5-2FMfX9YwiEo17Xw5lRuR5LUvypasFV4rTNGnT-2B2YaD6ti4nv=
0Vba7AFWbJAahw-2FGCX-2FVlTpPRs4ZkCLQ7IcGpDYkydam7jVg0z7SiMPShCgG5RO820j3z0z=
42khL5GKE58S3Ok091-2FQV7zDiHZT9d-2FbQj-2B0T2stxa4mg-2Ft8RzGfESXwiIgNjgUzRyI=
W28-3D" universal=3D"true"><b>help decipher the 'AI bubble' debate</b></a>.=
</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_576161" id=3D"n_576161" 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>
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Janus Henderson deal highlight=
s asset managers' fee struggles </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%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
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                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVygQ0Bb67CYXOWzo18msbTnSnjZO6hn=
TagOFt19M5BVQ-3D-3D956l_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw=
0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4L=
QIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj9=
2FsIAXkWm3i8HkP83omOVWd8N4x6wF2076B22ONAFNLtOFqX-2BVXNCwbc-2FGJDJVIYAsvptqm=
9ZL7VRbGQfAkNBY8xseTBn5PJVKE25jNFfV5fhEZ3Z6YxcFZHcPVqErC-2B9BXJbH3l50BF8Paq=
94RAfrh0K7pu2D7NO5VHaZJndOvOnjvjfBxAUhdf9aseZkhsjpJAxMydkDSjEuaUd1bt57Ygl4G=
aQEIulx7Odd51XfME-2FueoY9b3lY5ByxN-2BNndxRSdNcAsn-2BwGOO8RZ1xE403Y0uM-2Fnok=
hlIei-2FI-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"htt=
ps://img.pitchbook.com/news/72047.jpg" style=3D"border: none; max-width: 42=
0px;">  </a></td>
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                              <td align=3D"right" style=3D"padding-bottom: =
8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">Trian Fund co-fo=
under Nelson Peltz, from left, with Elon Musk in Los Angeles in 2024.<br>
                               (Axelle/Bauer-Griffin/Getty Images)</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Jessica Hamlin, Sr. Funds Columnist</i><br><br>
                               This week's $7.4 billion take-private of Jan=
us Henderson highlights the challenge that many traditional asset managers =
face in generating fee-related revenues and the steps they are taking to ad=
dress the issue.<br><br>
                               Under the terms of the deal, Trian Fund Mana=
gement and General Catalyst will buy the London-based business, which ended=
 September with $484 billion in assets under management, off the New York S=
tock Exchange in an all-cash transaction expected to close in mid-2026.<br>=
<br>
                               The buyers also include several strategic in=
vestors, such as the Qatar Investment Authority, MassMutual and Hong Kong-b=
ased property developer Sun Hung Kai &amp; Co.<br><br>
                               Janus Henderson's current management team, i=
ncluding CEO Ali Dibadj, will remain in place.<br><br>
                               The broad move away from active fund managem=
ent has hurt those who were late to embrace passive equity investing strate=
gies, especially small and midsized firms.<br><br>
                               In 2019 alone, Janus Henderson was hit by $2=
7.4 billion of investor outflows and an 11% drop in its share price as cust=
omers, turned off by high fees and inconsistent performance, moved out of a=
ctively managed equity funds. These redemptions triggered the entrance of a=
ctivist investor Trian, which in October 2020 took a 9.9% stake in Janus He=
nderson and held a 20.6% stake in the lead up to the acquisition.<br><br>
                               While Janus has stemmed overall outflows in =
what Trian co-founder Nelson Peltz, in an October letter to shareholders, d=
escribed as a "highly successful operational turnaround," the company's pub=
lic equities business continues to shrink.<br><br>
                               It will be easier for the firm to restructur=
e its business away from the glare of public markets, said a person familia=
r with Janus Henderson's thinking. Janus did not wish to comment.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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cing=3D"0" lang=3D"x-content-btn">
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                              <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-2BaqM7ONnvsnswouzVygQ0Bb67CYXOWzo18msbTnSnjZO6hnTagOFt19M5BVQ-3D-3Dv=
pVy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxr=
r67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo=
-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUY=
noKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP83omO=
VWd8N4x6wF2076B22vSH7Wlq0ScPThJT49PhWpWstyAamVPRmHDbpLJ4PakPjoJ9WBj-2FsYSo9=
0qmWzsohyx6CgYDQf-2BFZM6FCjquN4mYloYMNXMfgcvfZ-2B24fpHhlqNrl4q0qTmZvn1cqlI-=
2BY2k2B-2FkPKLDeeSsapsI0TPNn-2Fo9ybWxKiPeq68y4dGqrjLdy00Wou-2Fz4hvztp0NCaG6=
2zqFOwbAgswQm4eQ9rX6iOrfszY0tGiOHH7PWp7861h4NrYZKVy50-2FVXy6ViKc-3D" style=
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n: none; color: black; padding-left: 3px" target=3D"_blank" universal=3D"tr=
ue">Read the full story<img height=3D"24" src=3D"https://fonts.pitchbook.co=
m/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-left:=
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">&nbsp;</td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
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                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
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                                                         border-bottom: 1px=
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVwgF-2Bg2yQToH=
Xy4kA5I5Du1ZwHFGFrqhSlqVGu9UxwRQ-3D-3DBLta_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6=
JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2=
BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8Jb=
riSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP83omOVWd8N4x6wF2076B22ZDGrokPpHywg8Df21H8=
72TCE9jx1tZeyEwLKLDxOkFC3Vy3cH0wMO5KVSNKJpMH7IIlVLrsSAuUWjHgmImxruOqT9fXJDo=
D-2B6qHUsj6fM4mHvqBQCiaM5AXL0-2BMVyLRh6h-2BNpvOqDlY3lrJyczFNjuZK6dz1-2F1O8C=
OPe9VvF4ecl6YADQCnDyXfVtaRQeznw1Kxzg4nBK-2FK8IF10P6rHFiFcdko1ANWjhXzcl5arRG=
qMfr1v7NmzU-2B0Lyo2DpGRw-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">US PE Middle Market Report</a></b></td>
                              </tr>
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                           </tbody>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
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                    <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=
>
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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>The use of buy now, pay later s=
ervices might tell the story of US consumer confidence.</b> While some metr=
ics show worsening consumer attitudes, others show that spending is up this=
 year compared with 2024's holiday season. The difference could be enabled =
by fintech startups like Klarna. [<a href=3D"https://url6380.news.pitchbook=
.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVwgF-2=
Bg2yQToHXy4kA5I5Du6RThUOtt-2FuwSwDm2Qo3Ehw-3D-3DMkcf_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3=
EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqta=
jTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1=
A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP83omOVWd8N4x6wF2076B22MIbIxQVHX=
Fmuh8lVelzB18duAUOlfQQy2dKNchE2cXEb35PPNIKTS27YIQ8yNDGxjM9Od2r0UFCYSe7-2F1U=
AlYoS5Xm1k8HjOeFaNmHzDU7FPv84TIC-2B4XiNuKlTouqt8eFougyuctQeGQ9zGDfetHmjXWPR=
doLmzZdGit-2BLx52WSplSI8A-2Fl9-2FtUfth7ZlPjOfjSiUsJInJRxj-2Bw95l7cIHuTIjiKI=
i8gnxFJnQmx30hUCj4J688GZdFa9W6S83U-3D" style=3D"color: #1D5080;" test=3D"">=
Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>Manmade underground salt cavern=
s could become a pivotal factor in the data center boom.</b> These natural =
gas reservoirs might not be built fast enough to meet the spiking demand fo=
r constructing AI infrastructure in the US. [<a href=3D"https://url6380.new=
s.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzVwgF-2Bg2yQToHXy4kA5I5DucwelU1ph0jZJlb3wdn0-2BGA-3D-3DKnUY_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHT=
VRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p=
9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcP=
QXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP83omOVWd8N4x6wF2076B=
21N8WAkSmIVz5e4McU-2FWcXdKrru8Be-2FKOihZIW-2BLTgqFRyoUQqvnkd1GsuoyXuZbSA47H=
5C8TD5G0Ep-2BMNfd9rWqxhaA4Q7p6tFCKjj5cLAfe3ZT16DcLWvdTPTbD9Lxm0rN4a35RjNmw1=
mx2dJAH2RlBwNhCdC-2F2fNetux8I74ZBP9nryr-2BGIziolTnSs5HA6-2B0aQxFKAA2e4UQXsj=
V8DKkZ-2Fq5NxRdmZ6WoT19kksmMdZgf2mVj91hIoUawe5wlU-3D" style=3D"color: #1D50=
80;" test=3D"">Fortune</a>]<br><br>
                               =E2=80=A2 <b>Heavy regulations aren't stoppi=
ng these startup founders.</b> From eliminating skin biopsies to composting=
 human remains, they see navigating regulatory clearance as just a hurdle i=
n industries ripe for disruption. [<a href=3D"https://url6380.news.pitchboo=
k.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVwgF-=
2Bg2yQToHXy4kA5I5DuQ1cxudqyTAGQYT9Wwyh0kA-3D-3DpwtS_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3E=
bpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtaj=
TAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A=
79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP83omOVWd8N4x6wF2076B238DWmm1kQpM=
pjTbRrg-2FdtdEAeGhFq7cSEcGovQHOTtcgCs4TlbiqTJPOSoou0pOIVpV0yRbHXGXWW-2FbBR3=
GAnY-2BMeLLvDBoa2FR-2BmfXQfDCk2xHp0Y42uwWqqNzlyeqXPVKnETZxBsvX6k6Yb8FJfx6x3=
c2ZePQoEgs5o4RU6xQrwdJXNMuaVj7qiBzgW6pwFou5-2BNPJZXBmwfLIwY-2BYwUwRdwZBmTYm=
XP35VkOnksqLdN79qSElDdzKc0I6q8sPk-3D" style=3D"color: #1D5080;" test=3D"">T=
echCrunch</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-top: 26px; padding-bottom: 37.3px; white-space: nowr=
ap;">Since 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: 25%=
; min-width: 25%;
                                                    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;">
                              657
                              </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:=
 25%;
                                                    width: 25%; 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;">
                              2423
                              </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: 25%=
;
                                                    min-width: 25%; 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;">
                              1140
                              </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: 25%=
;
                                                    min-width: 25%; 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;">
                              16
                              </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-bottom: =
13.3px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVwgF-2Bg2yQToHXy4kA5I5DuAhIteaEKV-2F9Iz9DAuRvu4A-3D-3=
DM_Et_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFr=
xrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2=
Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4L=
UYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP83o=
mOVWd8N4x6wF2076B23e2vCcYPmqu-2BjkJY8ai-2BXuTq1HhSLaNqIOsu5rHgOf3w6WVEC9lN1=
Y7ErehOHjtSNacZkNxFTuV8SZl90ZqG15CWgx91oogQhqfxoS4-2BKr9orO58FUF5Turkc0cw3Q=
g0Qvcrbsw8z50OMbBp5XfADt7P-2FqwUHFy86Qt8IRrXodBDTzZsXus7y6e0dCMGXdLzT5nfHF1=
zvuTe3q2HA-2B6zkS2WjYLl6xkG4-2FusJwYCOf3Nq4DTELUnpHsWjMcWvv-2B0g-3D" target=
=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;
                                                          width: 150px;"> R=
equest 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_576151" id=3D"n_576151" 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: 2016 Vint=
age Global Funds-of-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: 84.49656750572082%; mi=
n-width: 84.49656750572082%; max-width: 84.49656750572082%; 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">14.77%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">17.48%</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;">
                              0.69x
                              </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=
swouzVwgF-2Bg2yQToHXy4kA5I5DuAHffuMov-2BKyvFAhQigNP0Q-3D-3D8HiV_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHT=
VRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p=
9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcP=
QXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP83omOVWd8N4x6wF2076B=
230zXkgHHz-2Bttn9PQ-2BFO-2FPkbalPlVEJ7nxdP6DMxC-2BM2nu5cKZgtvgqQBPGz71ttlYW=
FDF1o37UXq99Di3l-2FxBwlXvxDm8ZTe9zGKwbTKJuOMdDg7Npf1yfze-2BGZ1-2FQPvmJySkRW=
l9x7nSqDa3KpVsOWwN9dbgXgRilflw1Vc-2B1XVsZqo41XjcUlCHQDWYBsVGsHZZ17KaIhirYeO=
czWk527LEoO4jalfEhpH509XZCPT5FRr3-2F-2FkzJXb8oDTVz94U-3D" style=3D"font-siz=
e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Ironsides P=
artnership Fund IV </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=
swouzVwgF-2Bg2yQToHXy4kA5I5DuS0Kugxwp2xL6n0dAccSxoA-3D-3DbL0__I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVR=
bmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o=
1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQX=
fZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP83omOVWd8N4x6wF2076B21=
UmNB4-2BVhgPtfBwOJQs8oE95gYApGnpVs97VQzVH6R7-2FeewU0kvaPDGQThy52pXL-2B-2Ftx=
yKlYtQ-2B5bTqPAX9KBszC1a8eiuHiUqss74xxBVxIUMCJAH-2FHs3Dzu4T3rQUOmEUh4FT3-2F=
wn8E8scZYdyYtWJ6QODQ9VAL0-2Bn4mPFGSvaAvq6-2F6AX5wXMWDp5XviYVy67V1v5Un6HVnEy=
q5akzqaGWiMF7ybmnXffRtPVKERyKGlZ7k-2FaRk97w7iYWq3SM-3D" style=3D"font-size:=
 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Market Street=
 Opportunities Fund </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=
swouzVwgF-2Bg2yQToHXy4kA5I5DuzfPCzav4wo0qNUemRa70JQ-3D-3D4125_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVR=
bmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o=
1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQX=
fZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP1vj7MqlSjx66rEuIftX0Nm=
aNJ9GkYzHTo4WE2AP7yBagNlmVWolO1Wm9mMTdkwVeWBZKxlm7pzo7Y7jcCrx0okNfCFMrHFAbw=
HRyoCMQY8UYk9Sp-2BYzrxzvDdPlAeVTfPy8I8jECi0-2BlF0PfLpRblGoFD2LzGiXJP8PHXKcR=
jSh-2BeD4l532rsmKYPbB0tl3aNDEP6DLDGnSEzZHui-2FNQWkzXPC4FxRUmNi-2F-2FOvQ7k9C=
sMToNA-2F-2FEJ7nh-2Fv3GEyRkpCKX8-2Bpv7A3DOg6cQR34-2F8-3D" style=3D"font-siz=
e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Adams Stree=
t Venture Innovation Fund </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-2BaqM7ONnvsnswouzVwgF-2Bg2yQToHXy4kA5I5DuVmGx=
wv9Vt9I-2B3IDK0SZ8bw-3D-3DUY6-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDq=
Z8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-=
2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkc=
FIMrHj92FsIAXkWm3i8HkP1vj7MqlSjx66rEuIftX0NklZoC133AxTQcsrj8xpo6zrP5jT9mrdU=
1VddT7qFbsNkX7pLDGnd6qojHxPuTTMMQfhJueS-2BM-2FuY34nHWRTSJzmX6LJiUJT6jY0BXqV=
JfokwyO-2F-2FKOQXLd7lZYBofKLu-2BTlPZ4ehtsFroEdtTANdeSh1jpeA3KZjuAnI0qtXruQl=
L5ev00UNEK-2FlEqNdqRpH0-2Facr-2B1lM2UPeVQOkW94onFZoqcElNrQAt-2F-2BS4hA25jjp=
5-2B16OhM-2FVouGQRXYJhR8-3D" style=3D"font-family: Roboto, Arial, sans-seri=
f; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" u=
niversal=3D"true">47 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-2BaqM7ONnvsnswouzVwgF-2B=
g2yQToHXy4kA5I5DuI48RRgrZEfyADE2t0OzKZg-3D-3D9zJl_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3Ebp=
RyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTA=
sz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79=
dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP1vj7MqlSjx66rEuIftX0Nn-2B7rhs77BNE=
qysnE50vA-2BE3T2dcZ-2FaUPORsI2XNs5kzdFoBI8KFLW4WwKH1Wjhenu39ljqr7RKpx-2BHs5=
P7cxd4TDEwOcwh2Fsiw8bzfIEhz7WkeWH8qgSTJA0D2V3lEgFS3D-2BAfv6f-2FV09WQsVzKSvh=
suKx6sl2M8K5qOC3sl6WlbncrrgUs5RVZf9CPVsFaZc9N7zwgVTeYaKguzxZ4X6uSIYO3KWxcL-=
2FItmMAsl-2BZP4fGtb7VRbgM4QiLeG5W4E-3D" 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>Holiday note to readers</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">The Pi=
tchBook News team is taking some time off, and there will be no Daily Pitch=
 tomorrow on Christmas Day. We will have fresh newsletters for you daily th=
rough the season, though some regular features will be missing. <b>Happy ho=
lidays.</b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWkvN8XKucF0lRRwdS01eMRi6-2B9Xi3XM2auqZ8=
xszF9zg-3D-3Ddswc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1=
EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYE=
P0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAX=
kWm3i8HkP1vj7MqlSjx66rEuIftX0NlDUOvMam9sRh-2FN-2F-2BlrdyJ30EwSp01lmlrVFEdKH=
rbehYt84-2Fv2mVGWh1SJ-2FeRgisrdEriUexiaFJrR2ujFP8-2FLQWZFgP9jCYsfRRlAkSB04l=
5fwUviLupArvCtCjOQ8WfO32rygluMKJSWC-2FhN6c3O203LiEI1XpaFyTHc-2BLP73EwMFcKKA=
Lz4ygwjw2AB7k1f-2FtWNG2ap2YR466rx7hsUFH3aq5CPhYrU-2F1ShoQ0RwME-2FuLXBn-2FfA=
vBjsc8OBhZg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ereb=
or Bank</a></b>, which provides banking services for crypto and tech startu=
ps, is raising a $350 million funding round at a $4.35 billion valuation le=
d by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWkvN8XKucF0lRRwdS01eMRDANHBuI-2=
FIM-2BbfZgJG9KjIA-3D-3DdH86_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t=
29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BN=
Pp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIM=
rHj92FsIAXkWm3i8HkP1vj7MqlSjx66rEuIftX0NmuLUmL83ADUmgyQXN9DhUco3d-2BmOMfpI8=
onPZKpJeF8q-2BJ4u8yW-2FeMA5icf51dKx12LFztbMDc1ZoqoQAuvs40pZXyYoTIL-2FhvxzPn=
R3KGXpN6eBz-2FKS0HpnJVppQ414foSFmJhT6tDyNY-2Fkt0vzhaPPlD3U6xhg-2FGD8WeFprqz=
kG5j-2FBmxNLKKAmX2DE2r44YUVU4nnF707PC44z8IJHK8R4NMCoMdCVZTUK5ldV52UnfrA7M53=
zY2tVSlFYHWwk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Lu=
x Capital</a>, Axios reported.<br><br>
                               Data center hardware developer <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzWkvN8XKucF0lRRwdS01eMRkRg5xfumdtN743tX-2BOQ2tQ=
-3D-3D0N8I_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS=
848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhU=
rsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8H=
kP1vj7MqlSjx66rEuIftX0Nmf6MRhBYEEqZyvAd6qmWOS46IrKmyVBWxPIStawP4mbgZALzfLHS=
7W8kNP9olkXol-2FUVmJCaKrLARsABArHUm-2B7SWwLEkcrF00yFJ9uCRCucUWIv7deEgn5uK27=
zPwq9fF-2BLKDttQjRFst7K1vUpzNahWLrJ5PZQcwUR-2F1SiRqIofg0oXkqttP6aI4Um5hIgdi=
rWYSqTrm42Z3HlXvw4xeMtCp-2BZ2BNM1OgCYX5Q41Q4dd16DBgg3M6UAtvC8hiNA-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Lucidean</a></b> secured =
an $18 million seed round led by <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWkv=
N8XKucF0lRRwdS01eMRTA1rtOamv0BsH7FEU0yK6w-3D-3Dw9wQ_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3E=
bpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtaj=
TAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A=
79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP1vj7MqlSjx66rEuIftX0NnyJ4hBDF1Wq=
l40w5YHJfupqwYTh9TV7BomEY83sWFPfQFXFjhQGkV4AQ-2FdNylngkyOB7G7V-2FfphC9ZeYwN=
cha6CsROhrgAIYxv9fIXfcmH0n3IBv5n-2FcQwpCapMw7pRRIkI8JFBEEcSvcX7Nf4VtAQ9e1yQ=
NC69HgSVBfZ8kbUKTYTSuxX1AnZDKU7Bjvvhef5f3eBjb9BXr4csRRyBDU1-2Fr-2FjdhDkwEwy=
ZID-2F8MfUfs75c9b6ooR4wLPbxHz-2B-2BxU-3D" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Entrada Ventures</a> and <a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzWkvN8XKucF0lRRwdS01eMRh-2BHv5NhiHOpeyRmTV1csbQ-3D-3D9-wZ_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmT=
LRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbX=
hH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWR=
ZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP1vj7MqlSjx66rEuI=
ftX0Nlx73Rs3cayr-2Fmy-2FbZil9sioocReVjPBbOk6Zbx7-2FPowadcKyFMfG3qyioAV-2BQ9=
CUc4F2zBZnEy1gmVf1J6BdIq-2F0L0Eb94FtF3oX7NyM-2Fd0DSmXiefk9Yi-2FDR9fpkZh9FBc=
WcUOdi2i5281QWNaFgNR1bn3bSI3onej-2FhFBU1B2A5X5RJ-2BQcWa3efJSrfFsB-2FGHEUhhe=
9RJP5dKAsR6ByUQKDlmPLAKR65tBewmfeEnVWRHppsfdqnVjrXFTS5Pyo-3D" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Koch Disruptive Technologies</a>.=
<br><br>
                               Dutch cultivated beef startup <b><a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWkvN8XKucF0lRRwdS01eMRdDc5rAiw9rjeqIwABgM7pQ-3D=
-3Dyv27_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
Frxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848=
-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU=
4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP1=
vj7MqlSjx66rEuIftX0NmulGpSru5Ujo-2BqMbj89iX5vg1owXtsC20FXHnSTYdVOgomn-2FGxz=
DDBWVt8343A-2BYdqRJ95LMWITmF1AKlAPUt3jKoSFISWfnvYeTAxm1zIy1ihUlt12uZ8jOBc6O=
-2BGt9IVenspcKiJFRrP2JmOSDEz8R8TNizTpLilWWSis-2FY6klTfmy8ca8MFiY6cg97TlEfuW=
h-2BRFEx-2Bb8lfJM12j22F-2BYMRooveObLgFd2REJolG8GobFoJwRqNBBsWkHztUm0-3D" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Mosa Meat</a></b> rais=
ed =E2=82=AC15 million from investors including <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzWkvN8XKucF0lRRwdS01eMRTwlFUd8fCDGVymVnKzmEOA-3D-3Dd_nr_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTL=
RHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXh=
H4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZ=
EcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP1vj7MqlSjx66rEuIf=
tX0Nnu7gefywGDF5RqP5wHNnRp9RejV08qpcC1tNug3rDpsQyOVQHaXCQB7xV4Bvhn95LItS-2B=
1-2FT-2BsuwquWqyi0-2F8ksh81LynVDOsMTBWLNz5P42pUlmWqw0-2FGcbL-2FlWOWjAw-2Bgg=
T4a7hOfsPf-2FRw4qh6Z4qJq60f-2Fk1odPekVS-2FnTZPXGPHyxygp32bTBKimxO8jb7qVQFkF=
Sf9j10gPvm72FKbmeqFyhlOj61y-2BytBoRRUooevms4k-2FYNUtpjdccS7Y-3D" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Invest-NL</a>, <a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWkvN8XKucF0lRRwdS01eMR-2B-2FpsdkrvYNSPcKI5eOqjmQ-3D=
-3D_ayu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
Frxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848=
-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU=
4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP5=
8b4qpFxd0iYP-2Fx3xAOZeWYlaU0knUvFoIqEz3tn-2F-2FG-2F2YBDbTHiNDT2jRtQz3gWXjiT=
N9tZKemIdJystwH-2FmXaaP0hu9o29m-2BTNx23sCH25nudW-2FQGMV9ve7Lrxpcrpc5RFofn3h=
1DWF90Kw6ympHI2LjpWHH6K6jt9WJGKaQ2XgBSc7ZmTeGlmzgym1yRxWg6SNhy2GTo-2FPTBFbC=
IaEQ-2FlF00SHHTyklzJfO5P6ATMJEJ5nGMXyJTNCxVHhBZMbaXYKSUwrR4nOR1qEgozsI-3D" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">LIOF</a> and <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWkvN8XKucF0lRRwdS01eMRdndjfflFxJtjq1tutFXmv=
w-3D-3DcvTK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmC=
S848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWh=
UrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8=
HkP58b4qpFxd0iYP-2Fx3xAOZeVcr4WmxSGHdCJRcE6Hl-2BUHmUpk5h7TmONusGfTwhej4iOb5=
XU2aeZEyEi4U2SknUvfiamvpNsMS0taSc89BsiG-2FehuBhqYFoz06CUCsX4Fie9A-2BTI4wK28=
hwhywdJlE2C7StadmI4oFrw7YunD37JilS6oqAHzfgKQEeKPGx6FViMWeTqKojhK02E3HgYkGJk=
-2BXYSCLQNakAFnnWqVqEGiFktEIv1ab0mW0CXIoWv3b0QOJgF-2FhW0AOONE6JqJtSo-3D" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">PHW Group</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWkvN8XKucF0lRRwdS01eMRiAOLUa2AfdGB-2FmhqwM=
3KIQ-3D-3Dv1r4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1Ent=
WmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0F=
rWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm=
3i8HkP58b4qpFxd0iYP-2Fx3xAOZeUzbUciUKlUzbJREA0AI3zLeKO2MYFGaIbbFMiX-2FIRQDb=
HoVTrlHwD7jsAnvTQiEEqJa8K5o-2FUUui106bwccZpfvtjr9NW-2BdoKJ95EVzQ36rwzIIz6I2=
9-2B-2F1ZocDT9wji2a7GJDe7TrxBy8rlohBGxu-2FLKa5ZXjZZgHl-2BJF0OCJTngV8R8SZjQJ=
iVAS3cRkUr4-2BD4XsvyeO6WbMd-2FvsC8DiNG9HJCcPrWZ5pOI33zb-2Bxb2DeM8ZK8TBVsk-2=
BjnY-2Ffvg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">CVC C=
apital Partners</a> agreed to exit <b><a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzU1k15jTsLdknDnlNfUzMY9FbizacUqWgR2J1SNqjdeXw-3D-3Dx1k1_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVz=
u2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iT=
IqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXV=
lTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP58b4qpFxd0iYP-2Fx3xAOZeXeqI=
5opH5Yv3n0jeYLuyVQKjaDHc8SEsyJwI0A0PCNd3IeRLo59KcBmsV98E444Mxe1PGkoZj206-2F=
LzgAzrOxHFVOtdpr6BRx3euBC8KMsZoXXuu0e8mYUJku-2FctyOTQwyREOmzjWGJtMbHkcTMsKY=
xUX4l0aJhykUGxmtGuEb5g8XpbPE-2Fk-2BGabSn63G38wwTT8jAgCafUVe0cNP5wBYuH0FUF-2=
B1PefFBvAP8-2BkLX2WNRor9pJoyCqwgTP7Xxfa0-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">AHAM Capital</a></b> to <a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzU1k15jTsLdknDnlNfUzMY9R9f7xIC-2Bpt-2BA31EkvQbpkg-3D-3DZbvL_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9b=
wHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH1=
0XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2=
BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP58b4qpFxd0iY=
P-2Fx3xAOZeUlTFs9Z2WKRCJhBkel2lBDML06CDO-2BeOduaWgtfRJ4dI-2FNa3wz-2FmwMOLj6=
BvTCA7gJE-2BSXzv1ccLhANxYyl-2FuSR4Ondl2Hh8TNEXU1t3a01U-2BuNknqSFFICSVM1vB-2=
FjF6vJ6Lv6XD-2BLwngXbtNttl6pFyaXG98pFwFcPVueR7gmVe2kgN9h9Qi6tkHBnxNefIusItZ=
txPJU5SIwTekGAXIyz-2Btb9LdnbCaLdRLA9l2S7yJSL44SnQrVo9-2FN4qpNmw-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Amova Asset Management</a=
> for an estimated 79 billion Malaysian ringgit ($19 billion).<br><br><a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU1k15jTsLdknDnlNfUzMY9f-2FN9VXlrTNsVhldGM=
EQKfQ-3D-3DZghk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1En=
tWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0=
FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkW=
m3i8HkP58b4qpFxd0iYP-2Fx3xAOZeXufQ4m2D3DX52-2FUdRqlVQ90TdOhRGbLpY1DbGK-2FT1=
eJbiGIkSVRYyf2Ivfp2i-2FJSjLbP08vJOogcHXjxXFdzgvwq8nzJalF8gm4sd6zYNutuH51ttn=
KiYauHo2-2BZKT3WJChZAnTPOCqW0vj9yJRfGPCqk4cLJ3JUpGSTeabJIusvJirKkPiRlx3G9sm=
KkRyXd-2BsjsjcQIwCZOOWEXc6EesJYwNP13RtblUNuwrc2MOPgiD7sXyNpW-2Fu87yB5lpNA0-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Blackstone</a> a=
greed to buy <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU1k15jTsLdknDnlNfUzM=
Y9RsO5AKOScbUlQPTmhZEkKw-3D-3DJiUp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfm=
zy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpm=
sUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSu=
pD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55=
ngkcFIMrHj92FsIAXkWm3i8HkP58b4qpFxd0iYP-2Fx3xAOZeXBigaMbl4LwtKqA7LFJbZSkIPq=
kxDjeqZyDxk92uDHDH59xfPBZkPcCCWAHq668BgAkCCgZy190Q-2BPUqoQ6J2mcqSIIe58wISBd=
QG0foQGWVTQXWQp6vhMBPjBhSR2dXZJEcLFZJBBc448PR0l1ZxszRDxm2SVPZYRdFndc687emRg=
Apf7ZvRigKU8eZemb6t8sgnS-2BxBRZJ7KWVAw1m6KekWC1kC-2FHf2qtpJlTbEssj1mis5m0NM=
FUoIwHrt7inc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ham=
ilton Island</a></b>, a luxury resort in Australia's Great Barrier Reef, fo=
r an estimated $1.2 billion.<br><br><a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
U1k15jTsLdknDnlNfUzMY9xpgpto7jxY3w4W2t5Vpplg-3D-3DeJXV_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2=
f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIq=
tajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlT=
o1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP58b4qpFxd0iYP-2Fx3xAOZeWQc5hf=
IN7lO3Os4Wov0ICqlLHAOEx2JVVUotz5LIxExS-2BMQnXrE8yMm3EC8rtuES-2BfQXQ7aNcTkfX=
FLYcprzDXIbHR1UhP-2F69si9-2FigCYwxt-2Fe2yL8R9rrJcaxQbNhjIKhiXmbjxJgljw70DDo=
DrkWJCcscNOHa6JKY5WAuhyDt5l06XFmFKnt-2F1zlcQppzilvIvtnPg9SSuXlz-2BwJ8SEOAhn=
BaKfWdEse6JqnKGlI-2BLnSksU-2BAmLslYVFRwwIHO0-3D" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Australian Retirement Trust</a> will purchase =
a 20% stake in the <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU1k15jTsLdknDn=
lNfUzMY9Gc2sjPClsGmIG9GTe472gQ-3D-3DLZyD_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JT=
RaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQ=
gHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8Jbri=
SYkI55ngkcFIMrHj92FsIAXkWm3i8HkP58b4qpFxd0iYP-2Fx3xAOZeXsZ5mWycw4iglkEa4d-2=
BdhQd6GCxzR-2Bt26ap-2BUt7yVD145nlfilYIgS1eOknTII167ukQ22fVpUmQ4k371QVHB0-2F=
YVwHYN53bXF0mkLQ-2BmYikEUnmZ0kTWmwgwXag7tAbdS-2Fq-2B-2FmFgHLcyawuDG-2B-2FOT=
ZuPGhs1DKtyVqda66-2BmpK5TfV6hzLYz5wG1yJHYG4J76gm9RUjDo-2Ff5J1xYLBm5VY8Y0LNf=
wv48Xt-2F2FrcnpXpNbg-2Bd-2FYXZtM-2Fd8q1QbgyI-3D" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Westfield Sydney</a></b> shopping mall for A$8=
64 million ($569 million).<br><br><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU1=
k15jTsLdknDnlNfUzMY9VTLpSvSpBpLJvcCY85UgIQ-3D-3DtwNx_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3=
EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqta=
jTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1=
A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP58b4qpFxd0iYP-2Fx3xAOZeVOPORwMl=
KE9Kl9iUTzX55Fh7TRL0X4KddfCkytL0YVG15fYyjLcxKOKvCCjsPgCKxQJpN26-2B-2BNaLKc0=
a7kTaV-2FHQYYLiY-2BBoM1iRVPiOTDZfxuv6jiuuE3vL4rBkvDojdoRVr5iPUjkCAl2VOTH5Ou=
ZQBrzYGthRZhhL0sjFHQmC09erYmVh7Iy-2Fnb-2F7o-2BVEhghFTBPfg2ef0aJHPpXdc3BEZrX=
T2D6DDB5qcazqOHlrP6XvqRqHZyg8VCRwvdwgw-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">The Carlyle Group</a> is to buy <b><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzU1k15jTsLdknDnlNfUzMY9kAnitfy17r5xgnEz8lTPIg-3D-3D7=
w4s_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxr=
r67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo=
-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUY=
noKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP3vNH2=
4VqrII6rksIH-2FNBKx3FHvawDs6Y9schOvaK7BbA7M1rbZbLJ-2BPF0ddY8hVaGPbSyDUNRn-2=
BSoh2sua0Q6CLy-2FTIWtwjnSys-2FfJ8rGEL2sPQNdDsrtrydgLB-2BcdH5Bm5OCqEXSKvKEy5=
ehj3ai33YWEq2cMHbqOFO7DHMLPmLSVKQUaLMxvpPWwtQpskNbcgSU9psNmGwvxc9Dh55stPUCQ=
dWsCrNfG-2F8X11PgKbru9CSKRAQ0XNTfRhSytkJgEoCOsuJB9RM6NsO3nVdMs-3D" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">KFC Korea</a></b> via Carlyl=
e Asia Partners for an estimated 200 billion Korean won ($136 million).<br>=
<br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU1k15jTsLdknDnlNfUzMY991cn8mQs-2=
FgwlVsYYOKd7mw-3D-3DqvE9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29H=
w0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4=
LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj=
92FsIAXkWm3i8HkP3vNH24VqrII6rksIH-2FNBKxoINNziHFBc5B1sNGdU0N9UD-2FkZd8OZ-2B=
m6yclAA4vpaHmoDdvUv78eB-2Fsn9dQMhPPdqYfiHwOL1WsrcmhDw6WOO51zUGRnORk207gwRKg=
9hJ46xhv8Quvr-2BLbkht4LkZdoklVuUb-2Frl-2BYf6FzIU3jm5DmdIfURksJYnRB6JaD8dtgx=
Pe4vHVM2ldxDli6rNbSK5f4BUxU9FZtJ41gnVJJzGN1-2BG-2FihIDBooUFBILX7FJcZEGncnGO=
D2Ex7JkLc8dc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">TPG=
</a> agreed to acquire property utility management platform developer <b><a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU1k15jTsLdknDnlNfUzMY94Y6gANDj5mp6NIE-=
2B02HWJg-3D-3DtNC5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID=
1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckY=
EP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIA=
XkWm3i8HkP3vNH24VqrII6rksIH-2FNBKy-2Fs3oAenPnfo9FJFD84e5CQzcg7V8Ws5JFM3VW4s=
Sz8OB8hh1b3uiUHvFLfZPlJOcXc2Ot-2Bm0sy2MZ4zmEmDpjaXoctVC-2BRU7-2FIaWvWkrfpnV=
GNqUwqP1sjpqh-2BZGATKKoLxlxEb9KuZVh4KvwAx1qrUP-2BIlx9c-2F9dAl3J1-2B7BUQWz-2=
BUq4C9apeE-2FeJbeJGQCP9GF00-2FWutHMF9bNFWXONA6WH6B1h4UKhZFhstYVlJapJKvSE4Tz=
iYs6sqSoRs-2Fc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">C=
onservice</a></b>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZr5FgOwb0=
AMFZt0yLPAQ-2F-2B4jBfhG1FLCQYhZX9TUfaw-3D-3D-zK5_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpR=
yEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAs=
z0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79d=
N4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP3vNH24VqrII6rksIH-2FNBKwTY1FVNQtKy9=
f-2BCDYl5YROod3FECXxtfVq60Pi63cJZbEHkH322MWM5HPy8G4YgKYPjyQ24FQBEvkKUF5u9MV=
BQ8mNZp8v-2F1G5HCo3eyGriIBaGhG5wfxYvs-2BwmoDxnz-2Ff-2B85VuGctuNNPF04DBelWIF=
0HJP-2BSdqMAYC54lEs9OvHChyde-2BsyeSMefJrgef91FoQY1D4tBbts3JdEd-2Bfj5HS8HwBV=
-2FhY5ay5XB-2FRTpKo4cGgBfjtInx9EaGK4TeQY-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">KKR</a> bought Vienna-based <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzWZr5FgOwb0AMFZt0yLPAQ-2FyIkU-2FpwNOVtqB0O9fPhucQ-3D-3Db=
Kco_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxr=
r67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo=
-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUY=
noKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP3vNH2=
4VqrII6rksIH-2FNBKzoCPm5Jy-2FqaIstTz6YKcNb-2FaiSpa1JXTAjZ69Pt34anK9U0N8fpS0=
p8SEvvlBndcy9RfI-2Ft0S4Cq0LO2VBAhTHCx6V4IcD4K0qZG5oKsXcjase3KwpGZ5aiCtzm6qJ=
oLQOy8OHXbCVJKEbSJbfLUPe3NNIyQotriFRd9Whe4Y4XOhQEMCwvUNVnPQnsKkA811YxRxIQde=
klHl-2BSWRs8H5UKVEcGupJNx5-2Fcs3glyk4JGBciJDo3Y1zJCJcKWyk6c8-3D" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Green Mobility Partners</a></b=
> with plans to partner with the company to create a Europe-based rail leas=
ing platform.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZr5FgOwb0AMFZt=
0yLPAQ-2FVinBKn2IM28Rms6cY89cSw-3D-3DZjrb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6J=
TRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2B=
QgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8Jbr=
iSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP3vNH24VqrII6rksIH-2FNBKwisrE3UhvPM5NxBX8I-=
2ByMfaXZCTxYPZy63y0yBCSskEMneDrRqarSXaN9G3ItM-2BtEy8QIvMvLUI89cocUTFLI9gsSm=
X8wzW1L8UgDsYwj84BjeGzmezzdKn5dXDpqWU-2FsxtUepOvbV7yREYcSGQj-2FrVCE1i4oDkR0=
dhYP77yv24V-2FAcU4rQfOO3gI2cv6nnt2xC6TiohdXcsIQcWXMoJpXMSarrH76Jh4KxQ8fSV1B=
-2BGO66ql5hRaIFdf3U1S2g5M-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Oakley Capital</a> invested in British sailing team <b>Athena Rac=
ing</b>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZr5FgOwb0AMFZt0yLPA=
Q-2FcKoFj7-2Byz5efXyoVTWW0YA-3D-3DUAYD_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR=
FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRa=
YYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgH=
ovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSY=
kI55ngkcFIMrHj92FsIAXkWm3i8HkP3vNH24VqrII6rksIH-2FNBKxYzs5LV06JC7-2F7H9OStH=
vOVFrV9szjRMWN-2BvjlEjCG-2F3E1ZQJo9YgXvnromSIEMoJBbnlKxHSB97SvGeAWCxvaQXmeE=
0CdRR2tapBL8p3J3CwJ7DQGhz78mG7LIRJxGw3VYB-2B28l1lZnD4raC-2FMq8tN0jN4yAC8GIW=
-2BIr8LbcOAFWwbv0l16pYxy28V54vu0pMn82LCjlUr0O-2BTRUU3DSVtJnNIKGSaxc-2FaMkJP=
XZ6Gzky7z2ncIYzRmtGYYNNimw-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Stonepeak</a> will acquire <b>TeleTower</b>, the towers business=
 of Lithuanian telecoms operator <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZr=
5FgOwb0AMFZt0yLPAQ-2FVNXUn8NxnXHZkmksSfIhXQ-3D-3DyYAF_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f=
3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqt=
ajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo=
1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP3vNH24VqrII6rksIH-2FNBKxS5mfWV=
M-2FcLipWKa1piiP0uiX6S949n2o9-2BGvUgLuiZ9YXdlgctkP10vKjs9devIlFJkHskpn1t9xH=
7oxXLJXiCzLZQ6GVKyhZqMraIkQEbKgW5BXNJwSQUMt03UBzsvVxp-2FZz7Tx7NMvdo4p1dh1Pc=
kFYZQAPSgamE4YtPIMmGnE-2FluaBuU6olEdqfSKEq14B8jBrZcF5sRmZBdLFlLEALugnmUed-2=
BfWXFZRIwqWN7Xs04hm6CCg9KiEkl7zbtE0-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Bite Group</a>, a portfolio company of <a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzWZr5FgOwb0AMFZt0yLPAQ-2FZIRph7ABTmqHaQM1A0ME-2Bw-3D-=
3DvmmF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
rxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-=
2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4=
LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP3v=
NH24VqrII6rksIH-2FNBKzUO58YWH43ytAKrQnbu44ypdKTjvDw7pTU8af1vjPei22e8zSdK9-2=
B58YMQkCNiF4-2Be9iu60gJHdDpz-2F-2F5b5CdTJRySnWjsSuq8SU-2Fw90NEXsDKg8Mzi5g-2=
FumJYu-2BifjzgoyEfa9rufjBFasR5vbYwgPSPi02rOMAJgRKQHp16JQKR0C4v1pjhRcgRprgfa=
KTEVN2ZjBsqGnevXM2hndfqVEwyq37sGIYfRGtiumZCi8hQcTXvyoE8DLwgETFI1S-2BQ-3D" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Providence Equity Par=
tners</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>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">Israel=
-based cybersecurity company <b><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZr5=
FgOwb0AMFZt0yLPAQ-2FwqjaEH4VAodlS1DRxL-2FTbQ-3D-3DjxNd_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2=
f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIq=
tajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlT=
o1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP3vNH24VqrII6rksIH-2FNBKztYArQ=
R8-2B4Doo9PosuloUP9IwFDVGwmo-2FxeJb4YRkHU0OnjF6Fnufbu-2BMdCO79Af-2F71Urmh7J=
KUKnIBndUfs-2FuIDW3g7iC5w-2Fk-2Bt0sk6j5jWGX077lwFxSVBAVelPmpZrGIQy5d8jpy-2B=
4rMB8J4iMjeM1CouMLQ5EqiIgTHDnXnjeDG-2FLpOOXfpUf-2FqscCM2LGdpBNsMrmLYWFcZDQN=
W-2Bi6HdPe79Kc-2Fts-2B1b150XUrWisv98sD5Nj7Vy8oajFV8U-3D" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">Armis</a></b>, which is backed by <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZr5FgOwb0AMFZt0yLPAQ-2FG4OlXCPM2dCeRWNr=
w9f6NA-3D-3DULPY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1E=
ntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP=
0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXk=
Wm3i8HkP5p8ty5ja1xG26rCzxRQIsnfa6yahhyF3ZIexCH0MJUOmW8rMFwe5wMG-2BsxdxkpME2=
hSZR9BR6jVvuD59Y0M0-2FFA0MscJvuwxe4To2efAO764mWm0awvvMLYjkFGYldJ3DKU5eBG8pn=
1Q8m42lrDCkB44I55cYGORT0lg0XBj9MOCKGPn-2FGSFWHFvIIIs2qKfiwTwxlmmcZ2EfyglLI6=
-2BV0X0yM-2Fp8b4dn6aCNaa-2FvjRWcOP6EgdqnYzsIEd7pzTG-2FTv3WbxX4mIT1wMKvml5JY=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">General Catalys=
t</a>, agreed to be acquired by NYSE-listed <a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzWZr5FgOwb0AMFZt0yLPAQ-2FOJPlBi8o3rzm-2FVaogtOboQ-3D-3Dpulo_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTL=
RHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXh=
H4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZ=
EcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP5p8ty5ja1xG26rCzx=
RQIslLLAkSRtM8MjY4MjElfbysD621EC9EYYT4UdnhtaFmFb74zucuqSQ9VsdxbDOKX3tBcj9-2=
BOFg6MHCLMg7spTl6kBatGgQmzJzF-2BVeAXRREP8ALn6Tho7S12fF9PK8NVV71nEdmBlNAN1fF=
yzvu0M73aG-2FslSlmlgzSsyS-2FyEM1IqLfgj7t5-2F86gdbQUsR1Tvt2Mjrl7ykUi33kUuZ7V=
ORoDESIFJqAJ4FsoZBbWvCbVHORfhAnsVSDzUEqdPYLa0g-3D" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">ServiceNow</a> in a $7.75 billion deal.<br><=
br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZr5FgOwb0AMFZt0yLPAQ-2FnHVB7tXhG=
iMcmD5ZX2lEhQ-3D-3DIFz2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw=
0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4L=
QIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj9=
2FsIAXkWm3i8HkP5p8ty5ja1xG26rCzxRQIsknZ2ByhhZMpzenJTwqWfgDkqkoleaxreVuhIYjC=
I165hE9pALst7krIRx9Ze8gz9B9GiHWWLeOwp-2BxpvEAhQoCE1aCtu10fKKvDKjY134euV8RuR=
KE-2FyP2J0xvkD7MtvwpdlKu3BgPDQblN5q5W9qoTU2FnUwqTxEFBp4VEjB8OcIEo1na6RjkwBz=
SNTHgkFk5gwSDTLxGLocflEvQsWxjt6t3iLPemXUd4qEj1Xf9goP5zV3-2Bt5DL2qg7HTbDoNE-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Thrive Capital</=
a>-backed coding automation startup <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzVqXqFMY7HO2u-2Fx1FjriRZs7rWxkd4jkZvcIXlrCf0NJg-3D-3Dupgh_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbm=
PVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R=
7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZ=
rXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP5p8ty5ja1xG26rCzxRQIsmUy=
ucY15A5xuEce-2BL70U1QuTUPKP7JxLN6p3f5ypgTsGHYbD0lZ6QFaTYUkSUQESm2dA3sQ-2B4M=
vWk6y-2Fid0ADCTmnXTODyzH8UsHoSnPaiNadDOIfjNyXMUqCvmK0U0Kh6IPNJvD-2FdH85PkWv=
aW-2FvlMD-2FxCno0JKb5wvt2ebWnkff6lLpjzO4TBymUb7J7K3jFjwhbPLD71AO6mEWeYO-2Bm=
p0xjz8aAXl301Z1zC4jnOFcqFS4S3hfyAyInAxGOCbk-3D" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Codegen</a></b> has been acquired by <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzVqXqFMY7HO2u-2Fx1FjriRZsUy5T7jSMAj8yHEHzz15pyA=
-3D-3DzmyY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS=
848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhU=
rsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8H=
kP5p8ty5ja1xG26rCzxRQIsndiqEzNp3mzlN6l-2BDtXErh-2BBqyQTF1Lx2x6e-2FSFvwuDrQ0=
SDo8w4Ps-2FGRmQJD6-2FbRMmCGfzf3G5zSEI3eDpu79CK303-2Ffc7MsITgxH-2FmGWwBwC8-2=
FxVzDu8iyeTgkaij6BeTADcFXpwlX5LnlP33NAGuVs1hRgJPaEuMDxFxAxWukqcTNZI-2FDyIbs=
yCNBXIhablG-2BPB8800A70BdXj-2FFKzzlZCZFUrc4o-2Bpe3mor0yZzhQAHX9aYseVpC6eqO4=
RkQE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">ClickUp</a>=
, a project management platform developer backed by <a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzVqXqFMY7HO2u-2Fx1FjriRZs9k6KspdpLm4ueZRgOCClQw-3D-3DF6QT_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9=
bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH=
10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-=
2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP5p8ty5ja1xG=
26rCzxRQIsnsH91rM1-2ByfEQ-2F7-2FAgsrAEHAFzEKB79t2T7vCCAn0NWgETeu2W7e5WNhfyq=
vYdPbEawt24ZloxC2skvAH9tXdxdgl25GCImk6-2FDCTLmx7Zuvz-2FVqeFCN07m-2Br2jn9xS1=
2aSwue06hhlXE-2B-2FOpDqmh-2FNkvW6gLs2wHSeO4jsAlYJGNc-2F-2F3bFAke2XiVSBAp-2F=
htXSbjOOJGXUKZe5eZmLYwZryXi1qkDa14vXmjguZ0zgLP31NPsjrGpMcmVgGKe-2BgU-3D" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Andreessen Horowitz</a=
>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqXqFMY7HO2u-2Fx1FjriRZ=
sFM5cwEkjqfKMUnfwM58y1Q-3D-3DXC1C_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpms=
UDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSup=
D6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55n=
gkcFIMrHj92FsIAXkWm3i8HkP5p8ty5ja1xG26rCzxRQIsm5UGt9q4IL-2FhhvAzwuttwiCON0H=
z6-2FI4VU-2BGNItz1acHjG-2BGH9CmcBA4gPtUqLygpJW0f5De0b069T4RQl8uj9ZQfZLCEk7M=
cVXoI04z9Z7hjIVel2TC7AzHlQF9U5bNIj5d9550jfZ-2FOPqyccshzbHzeAdB0yKM5dp1W18xq=
miPIJpECpNiFpMA3sGQAJh-2BiPo4FY2x8fEPRff56rudTiGUjvckvQJ5rH0bqwpgFp0aXMOy-2=
Fmm62CD2zES238pa8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Motive Technologies</a></b>, a Delaware-based fleet tracking devices make=
r backed by investors including <a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqXq=
FMY7HO2u-2Fx1FjriRZsAEFRBiLrbEN5vGRlgU4OiQ-3D-3D-hPM_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3=
EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqta=
jTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1=
A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP5p8ty5ja1xG26rCzxRQIsm-2Bhobw1v=
x96mgyVEfQ8cXF7DReXG2FacBtAYVn5gHd9Lkh4q9oiCe3u426x9Gv2JGgYD7HYWdfY5kjbcf3V=
ZV0ExqQCIScyPqpjXhV8P3rgEk5gvfbYZBcpNPPAAoXbR4z8iLUfzBGX0lWkfOfF1PNonSB4eVK=
TaaE21ECue7fOyUXX1FrN-2Fr3kcM-2FvZGK1YQR-2FARE-2FXb5s8ZgNzg7r8qVEcBEJnoP-2F=
qGU6prl7dGDwInLw2YsuTJn14WCqcstg-2B0-3D" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Kleiner Perkins</a> and <a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzVqXqFMY7HO2u-2Fx1FjriRZsTwTs7Tt0htO7OCW793t2Yg-3D-3D5c4j_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLR=
HTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2Bo-2FgNH10XbXhH=
4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZE=
cPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP5p8ty5ja1xG26rCzxR=
QIslHDsviO1hZJg6fIkvtc-2B8nb8jRviQIIHn2dg6K0i5PtUdTrh6cvn0n19JnEYwO8gruu-2F=
zgjUx-2FGMhN-2F1Cn3O5MUDzJzKL2RwwlBtpO78UWW5XWB1CCLXAcJ4cXFptO9mUZ1HHW9a9jz=
2MbOwsb0AhbproCiAfgcMLrRPVEDnTB6nBg16wbObfw4KEI6-2F5yxW7hCikwbDN4zdDg39-2BT=
QIn8wJ-2FiFC9dsoKjCAqg2-2FMrDiVjjHOP8UjdoUVf69eSxnU-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">GV</a>, filed for an IPO.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqXqFMY7HO2u-2Fx1FjriRZsiRL-2BVZHDY9O8cSUs=
ijDYuQ-3D-3Djtnn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1E=
ntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP=
0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXk=
Wm3i8HkP5p8ty5ja1xG26rCzxRQIslyzxBo1YUlDnIhH-2FgxlXdKmFL9rVnUd3BtJkG7ije7MZ=
uwhi5wjd5VagSgUzz9QnXUlwNWitVd5bWyegVaTWhLUvZVsMOMVPCaIFMt1RAq1t2HdOHrNucKf=
Z-2F5gefaw-2Fu-2FpcJs2yewPpBhVV76D5bHSyHLzZsGrJhBfG4yr0StMRsaFVu-2FrSDZHC3d=
qHzkG5ozFiYyybsDT5OA3wGpd3Dd8uUJhRMWsuh1cS-2F3x7kR-2BazOFp5vPNxMsydXovA3IEE=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">CPP Investments=
</a> established an =E2=82=AC8 billion partnership with <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzVqXqFMY7HO2u-2Fx1FjriRZs-2FyNBhSlSG3iyxntQ-2B7v2hQ-3D-3=
DL3cn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFr=
xrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw0WuID1EntWmCS848-2=
Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4LQIckYEP0FrWhUrsU4L=
UYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj92FsIAXkWm3i8HkP3ov=
cDWeZyaGqXw7XCAdL9EWJASOuy7tNl3yKS5OG5liKQiucirQqWsB60v0y-2FQrJ6QkBLRDc66VM=
64TOEpwXiuUtWLftbQRQBV-2Bw2ZxnVwDoF50XfxBjn5030-2FKZhdQHV-2BrubtlLI2aPR3iOC=
dgv-2B32Q2q-2Fyw-2FDM6RWwX7Pep3USUv1GPA3uHN1qPXFNSoHDGAQZIG493G7TsahE5k7EEt=
lNW00nvnGcbUw0RQnsrue6loTVZS-2F-2Fu3EfH-2Bv2qVNV5DLJF3of5GavlODnlO8MSo-3D" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Goodman Group</b>=
</a>, a Sydney-based real estate investment firm, to build data centers in =
Europe.</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-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"right">
                              <table align=3D"right" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" style=3D"float: none;
 padding-left: 15px; ">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"text-align: righ=
t"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqXqFMY7HO2u-2Fx1FjriRZsUz08zHWq3=
j1toDUmHRm1Vg-3D-3DnG_P_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFrxrr67sU9bwHmTLRHTVRbmPVzu2f3EbpRyEeQm6JTRaYYpmsUDqZ8t29Hw=
0WuID1EntWmCS848-2Bo-2FgNH10XbXhH4p9o1R7iTIqtajTAsz0Za-2BQgHovSupD6-2BNPp4L=
QIckYEP0FrWhUrsU4LUYnoKgd-2BrWRZEcPQXfZrXVlTo1A79dN4o8JbriSYkI55ngkcFIMrHj9=
2FsIAXkWm3i8HkP3ovcDWeZyaGqXw7XCAdL9GSBBPUiokcNbgtQoG5y7VXy6BZ-2Bw23rwlVNIL=
9WXwhTguHhm61oNCuQd-2FSzJDIdVfP-2F58qWy9pxKOcvyahaEZAekWpXxCe6TegtkDNnFWMGM=
NKI93gFmzAPO3gOS6pdcbJzD40ORDUtc5NV6BM5A6IuWbsc9WWtPaiJzrp8hDmOnMMXozyTVPFq=
CAPe7icwHZT-2FHrWRp1avvMQffHrn7-2FBSXuIKsxYFDwxWC9N5wzFE980svIHF9Y1O9OuK-2F=
ldL8I-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https:/=
/img.pitchbook.com/news/71983.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>
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