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Delivery-date: Thu, 15 Jan 2026 19:25:47 +0700
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Date: Thu, 15 Jan 2026 12:20:30 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: $300B in exits didn't quench VC drought
To: most@ponjosonek.com

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br>
                               =E2=80=A2 AI accounted for over 65% of annua=
l deal value in 2025, or $222 billion, driven by a handful of mega-deals.<b=
r>
                               =E2=80=A2 The growth in AI deals and valuati=
ons is reshaping portfolios: AI companies now account for nearly 40% of the=
 US VC market value.<br>
                               =E2=80=A2 A combination of opportunity and F=
OMO drove corporate investors to participate in 68% of AI deals by value, a=
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ZUD3MGvQo3sh-2FjmmMgE4xXmfj-2BWNZb-2Floy7y2jsj4ZjUtw2c-2BFbPnSHSiMHSLy7Z9yZ=
xKCzuby4mp6YYZqv" style=3D"font-family: Roboto, Arial, sans-serif; font-siz=
e: 18px; text-decoration: none; color: black; padding-left: 3px" target=3D"=
_blank" universal=3D"true">Download 36 pages of data and analysis<img heigh=
t=3D"24" src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" sty=
le=3D"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a></td>
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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 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: 10px 20px 14px 20px;"> <a na=
me=3D"n_576536" id=3D"n_576536" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> 2025 IPO boom wasn't enough to=
 solve VCs' problems </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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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>By =
Kyle Stanford, Director of US Venture Research</i><br><br>
                               US VC-backed exits totaled nearly $300 billi=
on in value during 2025, nearly double 2024's total=E2=80=94but making it o=
nly the fourth-highest value in the past decade, according to our latest <a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4bZ1pCf7-2Ft1E3Rgr1-2FTSz=
Y-2BivgoVofQ-3D-3Di5qj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGj=
MsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2=
kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgz=
asgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUGcQVYM3AAY0SPQ2WyWc3I2UFpOkqFW8-2BZ2=
7Q-2BIaYxVLvRhrM32ADmO8hyd26dokEs0twCRXz91BJHPBDpvqqVQbOv6Fhf-2BrJcapCsJrNi=
UQeHVgNc0cIjUM4YWx3q2LrtKQ80oBOmyE-2FzzmXzp5LXcFtIhyg9K2eugie2op8ZEkTVvL84V=
vlnk3AdcBbo6UhuF2nGpQ8b05OIIvUG0FPTVAK1jgIu8Q3jcDUdQEAQ3iejKDIJLFQrrUY8Yua2=
lY2gntwNin67qJnecj0ANScrE" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true"><b>PitchBook-NVCA Venture Monitor</b></a>.<br><br>
                               VCs expected 2025 to finally bring back sign=
ificant liquidity, which it delivered to a point. While total value did inc=
rease, the uncertainty created by the new US tariffs and the government shu=
tdown in early Q4 put a damper on the year's IPO count.<br><br>
                               The number of completed listings barely surp=
assed the prior couple of years. And by year's end, only a small pipeline o=
f companies had begun the registration process, not the long line of candid=
ates the industry would hope for.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
                              <tbody>
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                              <td valign=3D"top">
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ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4bZ1pCf7-2Fi1GRtno=
pwsPOA7-2FYduURqg-3D-3DkXQR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3=
sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZe=
D7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl=
4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUGBStqFKDie4-2FxCmdemB1KpqoeQpfq=
cy5eRSg-2B23D5OVdWySEz92-2FA1aglxXhtlbmrEtdPbmsLMjh3HWhBDniNnOZ9bRwuEbfvT2J=
7zDARcA0U3VPqqfYzejeJ7189Sq3r4iWvRjhFQcSX8WSMF6BnKEujOCnRy0vmTiN-2B7Gw-2FQF=
GBp4BMNGQ1-2BMD7YX-2BYaA0ib6EqF95Yldx7ax0FgfG9HLk4DEyYQLlr0m39CiSSvIinR15m4=
Nsky9TK3VAsJ8M4z8eb1G9FR7HAXP41d5TsE" universal=3D"true"> <img align=3D"cen=
ter" alt=3D"" src=3D"https://img.pitchbook.com/news/72233.png" style=3D"bor=
der: none; max-width: 420px;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">The ag=
gregate value of unicorns has jumped to $4.3 trillion, further straining th=
e problem. The ongoing lack of liquidity comes after years of robust fundra=
ising by VCs, fueled by growing private market valuations.<br><br>
                               But with returns remaining unrealized, LPs a=
re left waiting and wishing. The impact of the overall lack of liquidity is=
 obvious: 2025 recorded the lowest VC fundraising total since 2018.<br><br>
                               On the other hand, M&amp;A generated the sec=
ond-highest annual exit value in the past decade, which is a positive sign.=
 M&amp;A has faced challenges from regulators over the past few years=E2=80=
=94while scrutiny and tension haven't relaxed as much as investors hoped, c=
orporations are finding new ways to circumvent those legal challenges.<br><=
br>
                               Nvidia's $20 billion acquisition of Groq too=
k the form of a non-exclusive licensing agreement, rather than a full incor=
poration of the company.<br><br>
                               Other tech giants like Alphabet, Meta and Mi=
crosoft had previously used similarly structured transactions to acquire hi=
ghly sought-after talent and tech from VC-backed companies, proving that co=
rporates aren't afraid to get creative with their purchases.</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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order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4bZ1pCf7-2Fi1GRtnopwsPOA7-2FYduURqg-3D=
-3DSTbX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
F6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TB=
lbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vj=
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DRqZ3-2Fs0Eo8Jtqz711A3yIe-2BdJ3G-2BCZkZakBDcpMbWXguLx86TB2BKG3gepX6xRf-2FT-=
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et=3D"_blank" universal=3D"true">Read it now<img height=3D"24" src=3D"https=
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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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                              <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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 0;"></td>
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4bZ1=
pCf7-2F9KLyRha5-2FYzgFJGXBoKTzQ-3D-3DHg8W_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tf=
j9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIp=
tCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2=
FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEfT06QeD4HSYgSyHG=
EX8RT-2B4Kk33U-2FtkecsdhMDPqMf0skGJKWZ-2BTpmJwE9aml90mjU7zkh14BxGhfuUTQ1pe0=
I7TAMJxGGbShxk9d5DjnWuc1TU5m6mT8-2BqUTLaTtiB0BjPubgmiLPpXNtzmpbSocWKhLBAQFQ=
5IhxgflAsPHd5AMKUQMjhvd522k7RTo8hBT45LTy8vrPnpCZo-2B8R-2BGXZ1XwzgUTAKmv-2BK=
dHaeBDIbTTQw4NOkuAxYZhKQmXN4z-2Fd-2BncpeAIpLg-2FCCtYD-2Bip" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">2025's mixed bag for newly public V=
C-backed companies</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
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                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                 <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%;">
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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>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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                  </table></td>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>Westwood Holdings Group has raised over $300 million to acquire stak=
es in energy funds</b>=E2=80=94exceeding its target of $150 million for its=
 second secondaries fund, which launched in late 2024. <a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4bZ1pCf7-2FF-2BsT9XIEVuMo0vhQ2H8z-2BA-3D-3D=
Jhis_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i=
135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbg=
oL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMF=
YXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5=
X6Z5Dtskduv6rXmsVm2zUHWH-2FOOCvvMtdDa-2BG749l1JAbEGfYIb9N7CQIyl8UivVmSFAl-2=
BoB4Z3Dmfir2WsVIRWY-2F3LY4jqX70cB6q5jQC7yDhq-2FGUi0jec9OufMs0HgKDrwx1PoCWyX=
6TMMqlOzwb9k80GPk7PjojRgYuOUkN4sOYTjIMpVDDTw0MzdkaSAxJjQPb02EG5ahIGkicDlyuT=
cswKlKKcPfrUKJQg8jfSL78N2ZFNaB0zgDsvvdnBK-2FK2F134AKkKSLTUiVpbchUVmoS8WvWxd=
1itk-2FRW6Wz1" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Fi=
nd out more</b></a><br><br>
                               =E2=80=A2 <b>Fintech investment firm Portage=
 is taking over a $280 million portfolio</b> of startup investments from Po=
int72 Ventures, becoming the lead investor in a continuation fund. <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4bZ1pCf7-2Fo8XlIwAinjljXxkrinE=
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KGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FP=
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UY1LexPS3atPtmUXp7AM-2F9-2B6SeIkXq6DtE-2BTBbvvI1Zd0eIcKKJVUh-2B1I6bpYTUirUs=
HTRk3VKY2QP0dwN3Qlw6-2FIdwvrsYpNPx2IlgQR7-2BGeapvFe-2FwcvQs3mopVil3AYz-2FtO=
1y-2BSt-2FgueUir4gNMfLNWXSKZEFPzSG7-2F07s-2F8jQZvy9FuZ29fTO-2FL0kirCQ4QUOLe=
xkxBVFFud3JarXtEZiJTvTbPhcwrUr1kT8" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true"><b>Read more</b></a><br><br>
                               =E2=80=A2 <b>Nearly 60% of UK companies are =
open to teaming up with PE investors this year</b>, with the highest appeti=
te coming from travel companies and tech specialists, according to a survey=
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.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVm=
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fu63" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Go deeper</=
b></a></td>
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_576538" id=3D"n_576538" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Q&amp;A: Inside JP Morgan's 20=
26 healthcare conference </span></td>
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                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4bZ1pCf7-2FOs2sI1k=
env4Jl5Cknw3ceA-3D-3DsVme_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
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SZzkGPX7fAizahzhbpFOWyQAFovqFtvQvuSzVMUwpGRjEXmL7oBIOBj7qcLETQVL3aZ26StHJq0=
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mq7QJX9I3lqU95u9dCMN-2FPuSf0wnQBvCpPxHoyHDIZJhXwUDjMlJd2rDjmaOWhNuY426Ozsv2=
Q-2FAMPvXWtDUazDmby0FVN2-2Bilohbi70ztQ" universal=3D"true"> <img align=3D"c=
enter" alt=3D"" src=3D"https://img.pitchbook.com/news/72243.jpg" style=3D"b=
order: none; width: 100%; height: auto;">  </a></td>
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t; font-size: 10px; line-height: 27px; padding-bottom: 8px; color: #78766F;=
 font-family: Roboto, Arial, sans-serif; font-weight: 300">Union Square, Sa=
n Francisco (Gonzalo Azumendi/Getty Images)</td>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Kia Kokalitcheva, Senior Editor, Venture Capital</i><br><br>
                               This week, San Francisco's Union Square is o=
verflowing with investors, entrepreneurs, bankers and executives who have g=
athered for JP Morgan's annual healthcare conference.<br><br>
                               We caught up with Ben Zercher, PitchBook sen=
ior biotech and pharma analyst, and Brian Wright, healthcare lead analyst, =
about the notable conference themes and chatter. The interviews were combin=
ed and edited for clarity and length.<br><br><b>Which healthcare subsectors=
 are getting the most real investor interest?</b><br><br>
                               Ben Zercher: I would say AI drug discovery c=
ontinued to dominate a lot of the private market conversations. Those sessi=
ons were well attended. Lots of interest in getting clinical readouts to ba=
ck up the funding that they've received over the past year.<br><br><b>Which=
 metrics or proof points do VCs now require that they weren't emphasizing a=
 couple of years ago?</b><br><br>
                               Zercher: Clinical readouts. The Series A [pr=
ofile] has changed so fundamentally, where that used to be a preclinical co=
mpany, but now, companies are raising Series A [rounds] with Phase III-read=
y assets. So clinical reigns supreme.<br><br><b>Are large pharma and health=
care incumbents behaving more like buyers, partners or spectators?</b><br><=
br>
                               Zercher: Buyers and partners. Everyone's sho=
pping for the patent cliff that's coming up: ... 300-plus billion dollars e=
xclusivity going away. So people are definitely searching for the right opp=
ortunity to buy.<br><br>
                               But you know, sometimes those opportunities =
aren't there. And in those cases, there's also a really strong partnership =
theme.<br><br><b>How much has policy, regulation or reimbursement uncertain=
ty featured in conversations at the conference?</b><br><br>
                               Zercher: It's factored in a lot but maybe in=
 different ways than I expected. I probably expected more conversation arou=
nd the Biosecure Act, and that hasn't been a hot topic.<br><br>
                               But regulation uncertainty around the FDA is=
 on everyone's mind. I think it's frustrating a lot of VC investors. I also=
 think long-term pricing strategies with [Most Favored Nation] is also some=
thing that is keeping investors up at night.<br><br>
                               And then reimbursement around GLP-1s is prob=
ably the main thing I'm hearing.<br><br><b>If you had to pick two or three =
defining themes of this year=E2=80=99s conference, what would they be?</b><=
br><br>
                               Wright: I would say significant interest in =
healthcare AI and healthcare delivery and healthcare administration. There'=
s significant interest in GLP-1 [drugs], and expectations for robust deal a=
ctivity=E2=80=94whether it be M&amp;A or increased IPO activity.</td>
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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-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4=
bZ1pCf7-2Fybv6kV7IjhlCcqxX6j1JRQ-3D-3DjM68_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8T=
fj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFI=
ptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-=
2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEVTUVW1NQE7AvIbJ=
2-2FiuuDl5gXLyum79gDaW8u-2Ff74q-2B693asl26odAWhzDEErjc3AqzeAHAIxJzRQDupWpvF=
37ZYSHkooblKrlrnjnVgLm72eKaipphiETmu450vVTN-2BM6WoouLaxyiXt1qs1yg3AAq9XUl6r=
DF64yJ3K46evks75ZHdKhl9AZ68EiVhgK7OupT5xh8n-2BXZXpjVQpYRxCgDmHXIN29YzcY7EnG=
xuAl-2FM2V5hDgSNWsF4u28TM37hjx0AdEBzmVvG1pxHOi1yI" style=3D"color: #1D5080;=
" test=3D"" universal=3D"true">2026 Healthcare Outlook</a></b></td>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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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 AI boom is pushing the larg=
est power grid operator in the US to the brink of a supply crisis.</b> Abou=
t 67 million people use its power=E2=80=94so do the many AI data centers sp=
ringing up in Northern Virginia. [<a href=3D"https://url6380.news.pitchbook=
.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmzFAQ=
Zw6pWuF4bZ1pCf7-2FYSY-2FM4T0BMk-2BUCxHVe7eLw-3D-3DvSSq_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ym=
tS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HK=
Oq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm8=
0bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEgtA=
-2Bo7GIHSsOV4Zm-2F1te-2BMvbd12v9gg3pIOtH33zvXMXl5w7oRDBsE3NCp02r0xo56yta5q5=
lY0IFx7JP0UZhbjeeHdRSqpnb694oWtywMRPRk43q3ee5Ml-2BBm0zBWlgKojaqOwSdPvODd38D=
6yzARmM9sDpMlWiK0SWa9rDCJ8YjFhBwcXBgtJHP5Fu79YHNB-2FDKMqBHN9VNyUS8a-2B1xqGy=
XkYtcwDr-2BCF4IVeK9Ntuc6KTDUMW58PB9KGLz8ELbwmCGwDVVMuUMcShufTvb" style=3D"c=
olor: #1D5080;" test=3D"">The Wall Street Journal</a>]<br><br>
                               =E2=80=A2 <b>Blackstone is partnering with r=
etirement plan administrator Empower to offer private investments in 401(k)=
s</b>, as the alternative asset giant pushes further into the accounts of e=
veryday investors. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmzFAQZw6pWuF4bZ1pCf=
7-2FuWealeugxZ35SQtcsGM7Bg-3D-3DhP3J_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC=
fmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21=
cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuT=
liDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yI=
fl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUFCOwJygkAWrHK-2BWbOctO=
jr5ce6O5hCjYCzMeo4h3jV-2B3C5AyjYS6oL-2F00PdbwowInXQuDtZAZOeP2JOp-2FVF4-2BzH=
hFKzKnyaQ97FeX2cKhsPx-2B8oK8T7ZdC7YDZDlUl0POuCMICj8E5L8SfRsPk-2B3n79qX2mIvq=
v-2FfBqrclkKNqQ4JVu5iERYAeZyvobHQorLL-2FpaLn-2Fnm2iGccVilh-2B38T9ZHKq2jeaWY=
sq8XMXl5gqaZltzwaadeZcQxj5vedaM7lSbYpEglj7rNrqwRf02R1" style=3D"color: #1D5=
080;" test=3D"">Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>Balderton Capital has cashed ou=
t roughly $2 billion of its Revolut stake over the past year</b>, cementing=
 its early investment as one of the most lucrative bets in European VC hist=
ory. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVjDI5LiXTaVlUKibApgbheXcdIETTC4PnD=
PuKM3vLuWw-3D-3DWt8Q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMs=
fFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kL=
XW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzas=
gPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUELzSOOa0uWi3ZyJNlx5seEdwNrefOzMu6yvqdO=
1BuCCs1B0zmurJ1WpW2GAqylLW5lbxI9hdBLrP0QM5b5NRMsiUkWBL5vr9e4f5yY72irkKG-2F6=
Eg7kqE4E-2FXEXp5u48cyQASLVPu4xRnUwACO5Y3xjT874376guyDexOPnZsVGAcKW5MOdAHJIm=
qUvUUMq62CzI0i0owfi1Tm3kzrs3cEj0jR93EUdojkmS56Lr9ajTSkeS-2B3XfpV90MMctZCgkc=
4N4qVqlivZtJa4vfh-2Bujl" style=3D"color: #1D5080;" test=3D"">Financial Time=
s</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVjDI5LiXTaVlUKibApgbheBfCSQFnUHT1HlGWhpisQog-3D-3Dajs=
3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135=
jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8=
Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXi=
FGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z=
5Dtskduv6rXmsVm2zUFoa1DTrMPrx0WhAc1qXqEQf1oiBgfFIq4s2mbgt-2B4vBdH-2Bdp5JEtR=
-2Bbu2-2FcAuN9-2FY3N9mguHo2KUYd9k12Ll-2Fe0MqlEwL0x6qjxYQKnKCREBjtLJiY6veyFX=
7QExl-2BjEASI2DMYzyBKAPQCo30ynDNFp2Ntn4MaoAE7AwpGBv6SxUQ-2FZzVhYAJl4iBAC7ju=
i3GXuLCLwU2LTs9yGrAtgGm1-2FeWFjGofSPBpX-2FAmyuEkk-2Bla5HCEEEkZUO-2BUYTtFwIx=
unJlqpMteBqgv-2Fb1shhl"><img width=3D"460" src=3D"https://img.pitchbook.com=
/ads/ad4445/Monroecaphba.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0p=
x; border: 0px; display: block;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"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;">
                              757
                              </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;">
                              2535
                              </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;">
                              937
                              </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;">
                              27
                              </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-2BaqM7ONnvsnswouzVjDI5LiXTaVlUKibApgbheccuw-2FL8vSUe1Kk8CvuiZUA-3D-3Dx=
sOC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i1=
35jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgo=
L8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFY=
XiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X=
6Z5Dtskduv6rXmsVm2zUE8-2B6bPKynBZOOGwWD4HFJ-2FUdfMaMBt7DNoQaScm35vxHNK0GrZL=
ZsVHBM4V4sLxMR-2FpfUCj2XkdM2tMnGzCll5ZNmv3ofXIjq4NFjN80EjPCECDRGIroAWw-2B-2=
BE69QdmlWFCrDMdRR-2FIJkgEyXuDw7URkQW927imApfwlRPzU1vEg6fTd2o5GRHuwuBiPwNPLO=
wyRqpOQQuKLJG9Y880g3-2Bjui-2BHRPkO92wYGMdEkSk39EQHie81rNxWhkdsSwMBjlmrlZxq3=
n1I5gr4bwROu2c" 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_576528" id=3D"n_576528" 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: 2022 Vint=
age North American PE 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: 60.35673187571923%; mi=
n-width: 60.35673187571923%; max-width: 60.35673187571923%; 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">10.49%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR&nbsp;</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">17.38%</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;">
                              0.02x
                              </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=
swouzVjDI5LiXTaVlUKibApgbhet9jxIhxeIkWBchB8-2FHrMOA-3D-3DhwrT_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiH=
AOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688d=
Cg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQ=
l9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm=
2zUG30bWXDg6LzVY0p-2FvZ-2BUKI0rhvZQ3e4figJ5VqCeDkNGF66bnf0Ijf5xYzIqaGG3OBr-=
2F4MYeV3-2FooQpVMUBvnH3r5opqZ7sBVuXMc8jfsKoypzaxq2crAZipgZm6s8cWxScU-2Fwj3-=
2FBqywpC2dmOKqhYDnclFy5b1o761O-2FEs3kpdnv8mjFDaqDmo4OxIwJpXzxegoBL2op5oiDEV=
0gn2WcgJ1cUM2tOo-2FWNq0fEbmDG2qlwnurWnI0eMeLsLC07G-2BWSmvzXRYxnnVrqbUogPi-2=
F" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=
=3D"true">TRM Equity Fund II </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzVjDI5LiXTaVlUKibApgbheHM66JsZqRqA-2FckA53Cjf0A-3D-3DJOQb_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiH=
AOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688d=
Cg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQ=
l9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm=
2zUGJ1WFwN9jQdRo-2FCT6OBTiu-2BPLttKpvzyZ43ubdox9xhpQBbCUgseeaoBXZjGAbSEnsVL=
91pUL1iRZQTnmxBB20xuAivTdMDQPQaGMTCv0WfI44t6w-2FWHKxfJO4jlnMnMvKpN4wZPpGhyu=
wIcJBVsncBJDLHBGVh63lUt0MeVT1FNPIMFzhT0gjp906vn50kMB3r52Xx45SvyHgZwBFl2-2FD=
MA7MbeHY2dPo9ZCJz6b8ZbvRshGUZd1FrfOBoEP-2BpK6xZscq21oVZQBIK4GEHHik" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>Apex Capital Core Fund I </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzVjDI5LiXTaVlUKibApgbheWWmoEQDSFITZKC39uoOjKA-3D-3DiDO6_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAO=
Az6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg=
8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9=
IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2z=
UHbNaalKi-2FbE72KHbW18RrF4-2Fo8WuWpvWhnbeAyTT7X0jOJ2ZCNiZtHX3hPJu5hCE85d4-2=
FRI0bhoMMmhLFxTUYvg2dO-2FT-2BHygAxpdGbV2cBwZLmJfCCJwa0E59NsfBMEcDq7ziVvemIg=
MscrJfXgnfszZFDiucfKkGxeMd8JiOZ3c7vCNzNBfcCnXrs7-2FO85kzeOWAOdqFu6k-2Fwfn4g=
LyJr5cam41mbgM4IscfN8et3diJJBLuwaF-2Frb3nlOUL4IUexUM9Qb6CsEi-2FnI-2BJLkNoy"=
 style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D=
"true">First Reserve Legacy Opportunities 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-2BaqM7ONnvsnswouzVjDI5LiXTaVlUKibApgbheJ6GPyF=
dYPp7K6-2B-2FRmE5OvQ-3D-3DiiiR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sx=
mv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUr=
UZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79=
yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUE6geNFzH7dkwt1XxP5ci7-2FW3S9=
RO3Q05djDwXjH5NxCFeDTRM7rrjMjVNUftAjFhX5-2BiIHamUTI10ckCrUYhx3r7F-2BXfOhcfC=
55g-2Fh2dDzqPka0-2F2NO5RMOowKVMoCUqXLdlf2WjUxHogvKRabdZtEKPK-2FuD5YlVb-2F2W=
-2BVfMe4C91uZalLZjTfa2CPc-2BoIpInBITGucjYd-2BOeTN9r1uSz47jp9rotFy75fcpGXSII=
4w8uP46EvFR5fQIHUtK9r-2FssTiVG8k-2Fo4ZUmoGA0LQeQj" style=3D"font-family: Ro=
boto, Arial, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700;=
 line-height: 24px;" universal=3D"true">141 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%;
 ">
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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">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVjDI5Li=
XTaVlUKibApgbhepeKoKoLXGV4J9dRmR7c53w-3D-3D8WxH_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh=
-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx=
3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2Fz=
RWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHijLXp4InnU=
ZYhj5eAyEEfk3nUz0WBQGCbs3ag7woagc948EuIlG4OigBw1GKNZUSq8FDy1dGc5qEy1hv4LT5Q=
B-2F0-2Fm5mKTVBncC7OvHjT76b7-2FlAM9wT94fpO3xVGf083CpFJpXDieinVVJ9qKuUAKhW71=
N2nIQfYNJ1vXDPI8CU6mpe8alOFKdhVjl-2FYSkEa2yMYc1igLUwex1clIa9xEoVRjQPbrA94v2=
eMHcnqrgjbj4us3Yeinpn-2FXG7eF-2BSok9zGNlOCE18bqCa8tIGD" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
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                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
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20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVjDI5LiXTaVlUKibApgbheNCauPyBFBV4fHmhHPNtOXg-3D-3DAGz=
o_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135=
jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8=
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1HB6zNA63G6MIcl7g220f6Rt-2BM-2BYFrXBQNfqwfXrHCX3r-2FX9-2BUfyi-2FdG4KWQdUoUr=
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">San Jo=
se-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVjDI5LiXTaVlUKibApgbhe9=
-2BfTLy8xO76RJ-2Buk0lHEiA-3D-3DP3Nv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21c=
N98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTl=
iDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIf=
l9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEXuJdsibXGoerkRTIwOeYeF=
HsfDuBTBqYHed35iyHG5yE9hi9fwcLmvNBugOowCA1hILojKz79NPetLU3keK1JrSJYFMSJavjS=
JPrBOifeGMzn-2FjRNb-2B-2BOa6KJPNDkG4VLIOOa4AqCsuO5aX3OSP9-2FLfimakGYZamuxMp=
N7FA3sk4mgwluLTKCAsvG0DHkpeaqTUjJUTcED2sXVoRtD64NS9JlZY3i-2BZwv7SAxtE6rPPZ0=
OkyIYxOZINpIoJuo0V6j9knsKAq3yYQy-2FQTJCjYE" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Etched</a></b>, a startup building AI-specific sem=
iconductors, raised $500 million in new funding led by <a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzWme829toKG3avVpJ976K8FiuS9VWbUZ0ooPZjBSiLilg-3D-3DD2ke_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN9=
6CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-=
2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGT=
srRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dt=
skduv6rXmsVm2zUEFJHI-2BprZypyPlNLsslVUTM9PGG7rD-2Frskq7eDLfUBRN8W2SU-2FPdnt=
HtkSzgweoWexNYlESq7d9P2D96-2B3xlxna0BIcYluu5ypvDD8-2B-2B1D4hwAE27CvLBSKhXRn=
-2FjZZvQVz6fukI0Hqut5J-2BCwtPdhW3qU-2FrUr3Slq0-2FBnUIvZa39gFf7r7sb5kwqHk7Uq=
eW7SmHHd8FnQNHiNcwskyZS97QmHhLKt0hG6e4fA0M-2BSCVS-2BVq2pyXbzJyzmAn9GgZmbO-2=
Feo6NsVMgD6O-2FPj8pJS" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">Stripes</a> at an almost $5 billion valuation.<br><br><b><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzWme829toKG3avVpJ976K8F-2BxfkJqtGW-2FdzUmFeJfU5GQ-3D=
-3DzbNc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
F6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TB=
lbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vj=
VMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRh=
Hi5X6Z5Dtskduv6rXmsVm2zUEWRG4NRQ4dKyi4e9FMDZBY6zmT-2FjV9ejBr48HLT0p56vupvVG=
WWM1OaEtFCfU-2B3WP-2FMJ5G-2BVBI8PLh6xk6wle0MOa0cKHHtQsSQhQbX-2BglVDlyLHpmq-=
2BDlMgbye0FRcIs5kcrW0eCAge9ODytc-2FoZD3SQL06QshgavMit5NZWmg8CiJEdtRGH0Znva-=
2FRK7NGj-2BAVANgRyD3lbBZuYfKOIJKoeZzY0iuXgHHsRA4GZIvM3O57EAGUJZLuxUBZLtbvs-=
2BbyFAEOWHmXA03ff0AvA1" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Alpaca</a></b>, a financial brokerage infrastructure startup, raised a =
$150 million Series D led by <a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWme829t=
oKG3avVpJ976K8F1PFnsOlq4S0c6f0GCN-2FktQ-3D-3DJo59_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7Kc=
Fh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rw=
Ax3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2=
FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHyRtjEXEp=
RReX3weGw7D-2F7doStfFWWH5gaKmdmo-2Bcm3mY1irPkhKCwUQXccGbdPl-2BhtOJiXi3uW2NX=
aMXQaXhTOWsvdUQCoa3JERvZijTg8IydWd38FDeMHSizcYuOc9wwnFmd3WTtywdnHLNsTS-2FLs=
Sqo-2Fgm6B6UXpRp-2B6V7s-2Ffr9PfeRGnIylqFvEuPUQoOGrKpSe2VTmtTXOIeu0ZISoozr-2=
Bb4gAdi151ocWlB4qXbZycgRM1rCT7929Q9Vte2zrYyeh3pE3hiGi-2FZQk67u" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Drive Capital</a> at a $1.15 bi=
llion valuation.<br><br>
                               San Diego-based <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzWme829toKG3avVpJ976K8FxluvSUsX185ebuZlZx-2FX9g-3D-3D8dnC_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CV=
My1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5=
Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrR=
BFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskd=
uv6rXmsVm2zUHsWHV-2FmkUFNY1ajzB3Dq9utdAxKy-2FgnID4MUZ1AnPz9Ir17u30V4tofWE-2=
FMt7jRoy2pasrbeapgZZ97z9lqyvaWjU8SoVxGGI5fbfjITmsiDskngQAMMGoLENMM89E6s30-2=
Bn3GVYGiYCMIxGc14ED-2FuKZrvR1v83ZeuO3jBNxDS9cNQ-2FkNkkeg49aH5pCo42dHFeMaJyK=
Ko0-2B8xIv5yK6bVmFTQqPIkdn-2BaRjYnLWQ-2BkoLCs3sBlsSddEryhariXIWU9x6ox3rwaIm=
TIQInF65" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mirador Th=
erapeutics</a></b>, a biotech startup developing treatments for inflammator=
y and fibrotic diseases, raised a $250 million Series B from <a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzWme829toKG3avVpJ976K8FM-2FwJxp3lI-2FNv0I0e2QMtKQ-3=
D-3DFlbm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz=
sF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2T=
BlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4v=
jVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DR=
hHi5X6Z5Dtskduv6rXmsVm2zUHxkWEJ-2F5uFSCckTC2k7gigPMw0akdIFJmFEh6vXM1qzrWBFg=
py2frWNZmCkpliwd5Y4c0cWfgpwkKcF2yChtb1NxhMWR-2BmaJvOvcyuXugl8cw0zSzMjA11KVW=
amF1Fvxoq-2B-2BXfxcZ47ibvkV9-2B2EkgDjEN7Yu5nQNtPea0kfLc1tHbdT-2B0F-2F4DFnAd=
nEjWLjsRNfZ0pykpW9X33o5Hvd2-2FzSG-2F-2BTH1kLU8YMMKgoJQQiyr1Vjbni70T58-2B9Ng=
9aV-2BnGFPRXxL2QXILiYebhSS8" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Arch Venture Partners</a>, <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zWme829toKG3avVpJ976K8Fw6LxlJ-2BSLUy0EG5iDwFkkA-3D-3DBqcJ_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz=
6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r=
7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9Iq=
Bm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUF=
VfAqvyk2JCM2jSa5E7zfuDmC38Hz-2F7e5wgtJgYzrmYuiKhD3flSoEVnxO0q-2BS-2FRdX8BSP=
Ocf3JGDwif7l4HqkdsQM9-2Fm2wyxVBOyawluDvqGDyJpWSOXsVSKCR5TEAjij0-2FHsRANYfB7=
4DFdApiDr8ujgXikK4Gi4QnOgYHUK-2FMd97tK1kyEpnzW7-2BcIbe0p1PlILjbHH46Es-2B-2B=
vqAnNJmIsNqfyVG1qijQX1jMoEjuLT7hr606J6mVJr1fRfSzyXYR21U6rJxNC9nB3Sg5na" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">Point72</a>, <a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzWme829toKG3avVpJ976K8F1wIqyDaiJetl0q4VmTsvHQ-3=
D-3D1_m2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz=
sF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2T=
BlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4v=
jVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DR=
hHi5X6Z5Dtskduv6rXmsVm2zUEC-2B9FF-2FoOnNcw1EvcA8jGHccrhM7-2Fz7TcKy5vfN4zc7w=
tP4-2FCbxHFS5OWBlec1sk99pGL7d1e8KMojG6hmYs-2FQ1ZdfSFy1J0bq6LtpUKUgKwGU8Fjn0=
6nhQacVRhhvwtaiYaOAeT-2Fw09qqcFthlX-2BU9RsC5JwK2lpHqSaYJ63xNXNzLygP7aQ4JQWH=
Gl-2BAZPvRpnriyeqYlfNwXxdmM-2FcIs5CKo7Rb2iMDIFUhtaloucMbQkmkEW4SKaJUuFmC5Na=
q79EZcSKxeVKZDLCcVPTe" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">T. Rowe Price</a> and others.<br><br>
                               Honolulu-based <b><a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzWme829toKG3avVpJ976K8F-2B3NNypJyNz9qIx0bMN0EQg-3D-3DH10e_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVM=
y1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y=
0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRB=
FIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskdu=
v6rXmsVm2zUFt9WvyNqBuOFs6rfCdhvzkCuPKKxmvi1PiPhwPZPUp6N8uvjzBEONqEUC7uI-2FG=
4ZgpA-2BFd-2FDRdj-2FC-2FIAL7oMhxMBqdlo6jDNK6bq-2BVVra6jveaRVSI5vZtx7-2FrRFF=
R2zXzIt4cTG-2Fv8r14RwrQTC62n6f3QeHUu4etnLp4oqG5MHQYf2ZSQ-2BDZJtG0-2BlzVsRJh=
aZJy24ghkADXoosQTRDvaswDRK2hyI3IXnVkN1NKioPMvnjv6iS3HaGQvBLiBy0Gmi4oIFT7Z9u=
yFL6Uj5z8" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Onebrief<=
/a></b>, a defense tech software startup, raised a $200 million Series D le=
d by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWme829toKG3avVpJ976K8FpGzEaDCJe=
3WugZqXacwKRA-3D-3DEpbR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNG=
jMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr=
2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIg=
zasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHvHfJZJnIS6FDj0oSb72KZ4Pa-2Bs8zOQAD=
-2BpsZDI-2BUm5swf2FhGB8wPCHISzpEJHJaKd6U6mmECbz02920j6tgE5qJ-2Baqo8Wij8MZck=
Z27FZQx7JqpQyHiKtm6UG3V0Pie8-2FohwxxCo2N6boN6oQflT6xThelmCrTYX03mahmId4OJ23=
xxNPSklhl7-2FANkNvruM6wA3gFv6LNsiK4HL7x1BfMYcch-2FG2xOxeAQHuDluaujBm0QVDx11=
Ebf-2F2H0V3iEYc7YENhBwrLa5HMEwQVgu" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">Battery Ventures</a> and <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWme829toKG3avVpJ976K8F1knvfxqQqgyjQCrkmm7-2FPQ-3D-3DJvnp_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiH=
AOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688d=
Cg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQ=
l9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm=
2zUHagAjnVz83Fzb9b13VeL-2FbnTaDB4Xf6-2BkHEDjTL8QSHGamTLeQQz8HGJbzD68WKrpocF=
KEAG0a70rxabF-2F-2B4yULB8T403FkDsNDXkR8BJBlu6hBoH4N1zqX0AykBP2mDkV9TiBDtE0Z=
Yqb19-2FIksSwAc1WXs4Vq-2BUtMyxu0hlFJszniJdsIwOh58TVgMcVTGiT-2FaPQ9Igd2uiGLw=
vGK1LFvXysWqqQv3oLEC-2BpoWAUZZ9CQ1M53i7iUPdw7YHXFSems5Yu-2FgKo6hGYjH7dH1aH"=
 style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sapphire Ventures</=
a> at a $2.15 billion valuation.<br><br><b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzXpNH-2F-2BwlbC4-2BO8WQ69Hntste3VzcbP0BDS0lHgnV5TmQ-3D-3D7OBH_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1=
rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0H=
sa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFI=
n-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6=
rXmsVm2zUHQSDtD9EpkHY2IjeIGvQzMwF7-2FKBHBkdzVA3rwdB1-2BMJhMsnu7y8D8xUOreNa-=
2FETrVth67zpcqPSNoUKRWEEEtzoXlQmy7rc-2FGiLuz-2FjJ52nM-2F4U6O-2FYIsPCas-2Bde=
yxku2Z1S7pyLdFCrtTk5jfYVKanY8-2BC97F-2BfcREyHZR33HSHy9780au1qs5nbLKy3dQcc39=
DUE5Vgtij4PG1FvjNvanHdlSAttgblMLTpksmDhOfHTRT66xjo2NljsL9-2Bs9aGim3zowTnECt=
3Tx9swE21" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Caldera T=
herapeutics</a></b>, a biotech startup developing antibody treatments for i=
nflammatory diseases, launched with $112.5 million in funding from <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXpNH-2F-2BwlbC4-2BO8WQ69Hnts90YeqpxKXh18snN=
FEoPUiA-3D-3DHQui_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz=
85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5=
WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh=
-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUFu-2FevDTTB-2BO-2F4yorjWThLwUTPxM2dw4AaaL=
CKrg8Tx9K9Yw353HLR5h63DfM7MqCAcsaI9efpmVlqChldF2mJ3QDf39rtrh-2FnyXCTsHyPIBJ=
xwdsJai-2BStLgZbPRhSORblq-2FF64XBALYDpmvalws0gUp-2FvsIQl4kopVl-2Fac55CG1TdY=
y2KddaM7mWzVn4E0kHAKZfhxvnlUFBIef5qZGtxu7Xm0mO1oChSaH0PHCCUoT-2BjGftFDfSwM4=
fqHsDktvnM44Ki6qN64Tt9dHVquPGb" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Atlas Venture</a>, <a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXpNH-=
2F-2BwlbC4-2BO8WQ69HntsNTgMtD5B0z-2BhqBioctwPeA-3D-3DI6Cj_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz=
6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r=
7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9Iq=
Bm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUH=
QXt3FBnFQ1KxuwBje-2FfHTi-2BEdIjMqoYEBKGJ36SJJdRWtdNiBfnY2Cim-2BXdy8UeWFFCRl=
lqkmjFoBx42iRcqjKTI-2FTnUtSkwe2KTIfZeocNpZqUJEbEXALqYBP0PV82T8NrBQSZF07P5gu=
l1W-2BKp7yd7pKxCgoQphUxjPyhjRq2OQES-2FMoxMUe1mlVQGWKFk3868sDaWjPTWs7fKhIwyH=
t1F2toElJPHFE9ADRU7Rll2Mf5FBw0wag6KUgIsBNrY1jI2ZbOwubksFNUpqWbHM" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">Omega Funds</a> and others.<b=
r><br>
                               German sustainability software provider <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXpNH-2F-2BwlbC4-2BO8WQ69HntsgsKNKE0nf=
YMD-2FD5eETCPLw-3D-3DgFVp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sF=
NGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7=
Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4Q=
IgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUGyoccpmY-2B84MhA-2FZJGejZM0yug0CT=
llFJZrQXYfI6ZgAyBdS3fE2bKzvLFcZ8SOIMGW-2B2e-2Bx-2B9oqNgY4m-2FdgAH1KiJd6UB2E=
zmEUGeIe8eMA-2F4kat2tlQpYa-2BOrN3K-2F8RPkbZb0NTZUOQ3ye3tSOnQsLzIy3zvNmveMxS=
qmyt6lMKywqBxmBkDwRZOT7TJy1Q4n9bMgOOz4xs1FFXwHPJY9N0J4Y58e2pmhYaS-2BlWzrKSv=
oquAYLgRH0nTXMXGZYdqEwEX14aVFX-2FygbTM2-2FMh" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Osapiens</a></b> raised a $100 million Series C l=
ed by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXpNH-2F-2BwlbC4-2BO8WQ69Hntsrr=
xmMTHt9LtYIXSlVohTrA-3D-3DAUa__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sx=
mv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUr=
UZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79=
yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEsv-2BfKpUNo1xWSEov-2FLqa-2B=
n9SFsR0FfiuGlEn7AORl-2FFfQ2ynuCjyhdzDDLlcgKuyNZSIU3WO-2BnmE4SkrvoLDtMOIxDo0=
YfLunLOJ3K78FboJe68CayOBzcvAaTjHROW4Cuu0yDTkaimMZWtLFY1J5lhXsk-2BAImPYx5PzS=
EnmUjrFPbezrAo4NjDrzwOM6fM83dmYYwaKyhf0qlbn9VL6vET1pUjFYHJMOWsPcpRYbHOTQcMx=
MwCZyq0eoX1FM98-2Bs7D5iGfE41Zg0mNvJrUIA" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Decarbonization Partners</a>.<br><br>
                               Boston-based <b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzXpNH-2F-2BwlbC4-2BO8WQ69HntsEtARFcmrJM2-2FXaQsXRTRmg-3D-3DVmna_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN9=
6CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-=
2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGT=
srRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dt=
skduv6rXmsVm2zUFV3K88Z-2BPWVB1jBX0pMSkrrbAkGWXm5NA4IxeQ58nobYGosIyWx7Awyr2P=
Q2ecPj-2B5Y4ZZX8OPHjZu5bSzATv1mYJ9Tkl04JcAbVVivw0dVdQ9PVIWUM14542IxqdcjwUMz=
Wmx-2FSR3yU-2FNqsARAPiMuSou7xY-2BUE8QLAtLoDYKS-2BckpnN1Rlh8jCOxXQJwxMaqCdfU=
YuDjd3rdYwP81iIayuNrRbHSU9Gj01WK1QZeVPWa2jzzCP0pkoHt5lWbxpq69iTok8RWE8RXcJ0=
8KW2h" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Wasabi</a></b=
>, a cloud storage startup, raised $70 million in new funding led by <a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXpNH-2F-2BwlbC4-2BO8WQ69HntsSSGW2nt9f-2F4B=
U2Rew8SGig-3D-3DisQh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMs=
fFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kL=
XW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzas=
gPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHeiOtfGHmoP3Y73zDEI3qgkTyhcY81JUALxz3c=
DB5hEz1VKvTbUwx-2BfFIT35D7B5CQCge7i1MjvXWBa1Cte3G9-2BBdoYBZMHtiUgpF-2Fkmjqc=
MxZlrL2Ly4h7ar9m9Eo-2FwZ0XkQXv-2Bq0VW-2B4tiI36X8itKIMxwTI-2FbaUDFZw3zIn0w2U=
4nU-2Brjc2aLQZSD4h28vBrSvtH3AwgiXc5PJxIUzCitnLwVB-2BymkPQJMpJUVspO9lbtBEQEZ=
igPv3TOoX1P-2FANTM9bTMC61IBRXrBJbXL" style=3D"color: #1D5080;" test=3D"" un=
iversal=3D"true">L2 Point Management</a> at a $1.8 billion valuation.<br><b=
r><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXpNH-2F-2BwlbC4-2BO8WQ69Hnts1vE=
cCiGAtgfe4IqrOaUX8Q-3D-3Da4R8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F=
3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxm=
v3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrU=
ZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79y=
Il4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUFRCGIM4Uh-2BfM8kwPzOraKycFuRQ=
2w069oziUZZ8-2Bb18V0mgZCMgQBhLqOd9ds3PvRTSLfYC9dKUr7gp4f1JDCEWnXiHAD-2FPPbo=
Frv6u2iiti9GhHeeloGHBtdFeHCU-2B0HF6SJMcw81wRamGoqmfzV3gER5vBymCvrfs2y-2FA6O=
jL0pMm4zhZrjJNkGMnnS1BuylWGXkpkEAaY5iT0eg98RrTQjz2s88ogWcBsxNWVE-2FsGmnOR7L=
GSiWB4Jk-2BwlerAVNksMHfOylw0o-2F0H5rDZI1" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Verna</a></b>, a London-based startup offering softwa=
re for nature recovery, received $4 million in a round led by <a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzXpNH-2F-2BwlbC4-2BO8WQ69Hnts3WB8pA3cupLyUsu5xULzN=
Q-3D-3DrUWf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2=
F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKG=
E4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL=
1DRhHi5X6Z5Dtskduv6rXmsVm2zUG1JgUT5JJ2waF8W9ax2oImko2pt9b4OdgwNJAG2vExrCEO1=
K2kBA0o-2BdYuZGjkC7ScB0dRkrWOt3AVftzg4vU9cL-2BUfjpKNHUjOAsycRTjgl4PKifD6pIp=
-2FA-2BUZ2-2B8lOoDr1wBqg9pK9vGWF0vp-2B92l-2BUor9xwciF7yGsTlYlI7-2FToN3voCV7=
wazmDprdkBZTQK1TV6ROvUF70-2BMl-2F7o4vmZ4p1d7HllN6ekpZGdX-2FlMNS2wtEZnZdSVcr=
og2SJb9F7gVIRJcORp5pUhOJu500" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">NAP</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXpNH-2F-2BwlbC=
4-2BO8WQ69HntsxfagOs8P5rzLZtQQnsnkwg-3D-3DpEZa_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-=
2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3=
WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzR=
WHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEBh3Qjz2mSb9=
RMoJZaiJY1CO2roM0jUtUXEkGpAlJJgoYwLeEAb4UpqPSDe7I4TUOZpZDl7PUDf99mciT-2FIz5=
XmLvkJCVTs-2FOIvt3bayJyqiADsQzb8yNB6oXWnNICVZp1VwlTbHTS0QJ8JP4aXsYjDo7VWFoY=
fLfDssef5-2Bf3Vh4591DiTYV2tUDdvaH1rFy1mvq2RsO6wVfOc-2FCFFCcPdomLJp9EBfmp8vz=
A66EItdSmI7iVaR3kNna53qI1g4BTK6-2FtYDL2WQNG9Bq60Cry" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">=C3=9Cbermorgen Ventures</a>.<br><br>
                               London-based shipbroking technology startup =
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQPSzIe4BhwVG=
cMUgvn9aZoA-3D-3DDhRq_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjM=
sfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2k=
LXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgza=
sgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUFVU4PTpBDpeQLxsrVIHXbrttvnLF-2BCbQNur=
Ejqn1L5-2B0U2NyDf7owTAaJRlf5DGsLdLMqfNq7XxL-2Bvl2sFmx5HSOaQ87C7XeQj5BdXMVUf=
b7S9pC7Lf28nXcK-2FdGY-2BGStJUvluxI7BWZobBOyBxeLsfbs-2Ff-2BRpMM7-2FWP-2FqA-2=
BCeb4V7DpF48l75qn8ua2hVx90MVUZt7JzTKnDD2u0o35YG-2F9ZrbpXCLz5-2BA9pdrbC7CTlZ=
dJ1yoTDkffVIIYWSsjEJzId0qOKUJQuHPj7XtRPy" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Spot Ship</a></b> secured =E2=82=AC1.15 million in a =
round led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQD=
nyZ8xEnXH9ehRJdOnehQg-3D-3DviBp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98s=
xmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeU=
rUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O7=
9yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUGDt5nAgw-2FrqYE61vvVec5qU6Y=
zXCmjT-2Ft75OOOjvYoKrRb1-2BNBZFBn3T2oHONN3iQ-2FHvHgh-2B3yW-2Fr7Bki9JEEFyIfD=
kJyc1sckIS0fP-2F3jstV4JrHUHlKg17p4qzD8y25UvJX5uXE45lYJuU5Cj5ZvmnPJYR7Sn7nnE=
yLFGZ-2BkLLz9iZCxv3JPxdv5UfE4NiGC5YWVAI1Bn2LinQeHgjH1WgKtpz7SISpi0kBI4tk05y=
JB9vqBg-2BUB-2FO1j1JhJScsPSqhhk8cfdZFbj2T1w8br" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Ventures.eu</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%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
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e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Don't miss our upcoming webina=
r </span></td>
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQiOM9Ub-2Fz3Ci=
G6rQZ1rehjw-3D-3DqIzU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjM=
sfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2k=
LXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgza=
sgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHUCsKaFRdVNBT5EyiqwbHpon-2Fmuf2ahiib4=
GzKOknvCxYaUs8AuZXzSslzFFSJXBlbtofSkVAi946R7D549a0kkXSUuiovxoFpTQgU5PrqUxT1=
6GSLccQDXl0uL7rNvHXGldAlXMSRKSl7H6Y0abgnM9nMPWMFGqgytHADRU6vuHeBwL-2Fnd-2BH=
O3asQZAI1v341Mkvok5XTMiu6gbUIp90PsdsPb1FLtKYuFliWWG4262Iu-2Ff51cjPbSCj7QFBn=
HM7UkPP5jghjyca2Q24sBwG2"> <img align=3D"middle" alt=3D"" src=3D"https://im=
g.pitchbook.com/news/72244.png" style=3D"border: none; max-width: 420px;"> =
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>&nbsp;</td>
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cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">The J.=
P. Morgan Healthcare Conference sets the tone for investments in the year a=
head, offering a first look at the industry=E2=80=99s most impactful techno=
logies, deals, M&amp;A, and partnerships. Join our healthcare analysts for =
a recap of the conference=E2=80=99s key takeaways, with perspectives on ind=
ustry announcements, AI-driven innovations, and what to expect in 2026.<br>=
<br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQiOM9Ub-2Fz3CiG=
6rQZ1rehjw-3D-3DPIEP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMs=
fFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kL=
XW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzas=
gPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUFhinLwNYT-2FmISd6YJBM6mqnYZzDl6D582bDR=
ROjOMfKGxEgdKgHdLYYtVWKux62gX95jEsQPrlQeAyeCtnwTe9UqHfBGanNsSSj-2BFuok9v53U=
ThpzGocXaAJ1DoQwyTkbxs2mnY6nctyRMp0aRE-2B-2FBobEEOF7iz5hcQhrRAxSjAu7nkyLrp1=
gkhVnUN5hD2tOeLKd1IHFLuliPzKDfBrCMaSVbEtbw2aMVsB-2BEhFNhkhsFjFYvabU-2BStKd2=
h-2Bq5jzWJCMjg9BcyhaJNnRAvP4X" style=3D"color: #1D5080;" test=3D""><b>Regis=
ter now to secure your spot.</b></a></td>
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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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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=
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dth: 100%;">
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                    <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-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQ8NzoT-2FkFR30x-2FSFJ=
Ri68yw-3D-3D79-V_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz8=
5zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5W=
L7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-=
2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEABY-2FHQL1XVL6lfQ9H6dlz6QHfuxzdsMF7f7hYoB=
rSGLX22Gz49pbQR9WaymZQccAD4anS4cIhbCrCNgLIzVPf6ixcX12e8Z2qZFZ0OuX6DHYIMfoCK=
tyY2UOgPvl2Awv3wwKsXVPbbtAg-2FE6KEHzFtOZLlQXL6oprw-2FNkgguBIhmpdsPbr2Cf-2B9=
0xUjvXrhuAlHwYIlNL360fzYmLyxYWdIi5x-2FZCi0khcU-2FxWyvEHNOF88WOzrqrrtdrN-2B4=
i-2BKbvjd2ZolrhRcNkgpoGNc6M" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">RWE</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernH=
LdqTFeZQmDe4qUn1CcSpiavKDaAHOg-3D-3D-VFs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj=
9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIpt=
COuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2F=
T6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEjLIn9vkzZxaurBqPn=
Ym-2B3oCNxoQwWZMeSIbqBeD2d-2FxS95JDNK46OISUBkJR5Oi5Nx1uNdqW5bIbpOLyy50Q1wNh=
Sc-2FkbUB9O0UxLDHWJvyDFPJVybuwpls1FPe3V7dstK-2F-2FgYqPok7WD5-2BPIPDeQAtZ6Ql=
b-2FnlrZkKT4aGioQl0tHBbFrS9I1w-2BM-2FY9ZF9zT9ZB0N0Ea9AqHekfCjY6QajXHlzHFbGe=
aKsHF2KCcXEz2OEOogzHqD5arOTupjsato9bA3DTgpZ60xKEuWapm" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">KKR</a> agreed to form a 50-50 joint ven=
ture on British offshore wind projects <b>Norfolk Vanguard East and West</b=
>. KKR paid around $1.8 billion for a 50% stake, Reuters reported.<br><br><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQ1lUyaoIf1juwEyA=
Uc51RDg-3D-3D6DAA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz=
85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5=
WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh=
-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEQewsIC1wkwE7J3FVyWZY2ayWEu2piSG-2FRrXpkq=
WYFgYYJkSZPtHx-2FUUyEEvTh2JFUJlnJ3Wyb3eUJEOlLXa-2FANOdkXUn-2FAsijNwmI-2FBmU=
NgX2Z6Edlp5tQlb9f6AKXfzaegdMvHpWxcjHDG67abySOenQmp-2BY-2FIHXOdQl932HGkUgKMD=
ja9fjKPBAdRuhwJPmHFIWNejN4HDxrTDUnsnldb8a74fLH2k5FwCPnZD5EuUw2QTKLoFvXvGIht=
pqssDSoi4KFcFPg9cvPvkt7Gne" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">The Carlyle Group</a> is considering a bid for an equity stake in=
 <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQqMNCrhNFQC=
fVqm3vQeS-2Fnw-3D-3D3OHm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFN=
GjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7V=
r2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QI=
gzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUF3n98nAwebgdTP7Stnd7JEKVgp6RY8e1wN=
S6lIULIb49AtbRkixgcD5dzcQcICP2f6T63TiNd7-2Bv4-2BTrdCrm36hnTFrgn0bhav7ek0wMt=
mLGVXJwnlLG9soG8MAsza1SIYidGfVeBRO9xnSgD7VPEHClCWRnum4bAlypuPvv0o2NVbJZWecu=
N7EzWSbYNGPQIZLDhh2ls5wxzQhxrcWQVmfOeJpjjC4Oz2QsxecBh-2Bhv9P3YKGWx9UUI1zDk1=
XaEbchirlBI0D3NywjidZh1lf" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Commonwealth LNG</a></b>, a natural gas company owned by <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQsrjh1xrCdjS4zKLcGsVG9w-3D=
-3DoKk__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
F6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TB=
lbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vj=
VMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRh=
Hi5X6Z5Dtskduv6rXmsVm2zUH7Fk78M42Oxov-2FsYOeDVdP-2FQ56ugUGtp6MBmt8lZJYfQVBi=
pmd8V4YCCP-2FVGX90AAk2hBoZI20MmcvgLKvWQjN5QO4oe4k7ITxxRmZZdy5ND-2BS1Q50PUGH=
MErgRNJm2Lx9dLnEe-2BA6AvMqPviGnQ7giqpQJjszC5e-2FMjSVyHztIEfYCCRInlFaPPA50F0=
z-2FnRSOTnnZzq9Iz5DiHKEjrF-2FJjiSUu6nF9Rvtf5seoZjVUeOZ8EepF9h-2B-2BoxQa0VGT=
3lT0n35r58bx61optqPumH" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Kimmeridge Energy Management</a>, Bloomberg reported.<br><br><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQv9Mz9kCk2K1BUENCrGFghQ-3=
D-3D23Am_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz=
sF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2T=
BlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4v=
jVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DR=
hHi5X6Z5Dtskduv6rXmsVm2zUGGrCCXFNeqGH2gFeRWH6w1Z4wBDCR6oVEhRHlXGGnwgBflp4aq=
BGCTtouiCZ2Q5hFPI-2F19oFb9KzGZhFnbRmi-2FATaoPghA0rfipB-2BYFUEmW7bpgCNou-2BA=
gwbaJCzsHGUd4uYmebQnJBRarcE6iDdRjiD9ObgnP18Dl-2FIbSPCLlayf5Cgr2hwoPqe2jr3R5=
hYeGA-2B0EY4gC9IvHfQ76h5vxh9jzrSZwCBKRZ9-2Bl8jMeU3wc80F2jP-2FmuCAmF-2FUuV-2=
B1pWiLu61F36w7ScS0eqDlB" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Neuberger Berman</a> made a minority investment in <b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzWvt5tzHseuernHLdqTFeZQ9N31NsIwfzzEGYa2YsKhlg-3D-3Dgd=
m-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i13=
5jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL=
8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYX=
iFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6=
Z5Dtskduv6rXmsVm2zUH4MttE5Gd1xcBkPOVxBL0sOJnzXj17yVSlAGqDHRU9dF3nyv1BIF0sB8=
Nss9hnnzLJqWG7tMbpsz0xCoHze2FKyPavCpwGzn6Wy7yvdnuHaEl-2Fsa9UQw7CuPk-2B-2BfY=
k4kL-2FcnQaFAtuoNFFPMIs435grjCkncrtolMCZLJ1D1Fk5j3OZQWIZ-2F-2BDsBttYnCGunGW=
zt1fKgZyIMBWzisg-2BNSo2LEsPeiGaUaZ-2Bezln1dhqVl7-2BfsDwVcj3lcRfn6Xy16Y-2B0Y=
F-2BtychCXWjj8ItSC7" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Ryan</a></b>, a tax services and software provider backed by <a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzWfzRQFgLfo9Hbpyo5K4NzoKagSAvs37R5WMrgai-2FM-2BsQ-=
3D-3D1GZG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2=
TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4=
vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1D=
RhHi5X6Z5Dtskduv6rXmsVm2zUEz82NO-2B4c85kRobzD2UFtLUMPiCscxtMR-2Fxud-2BObLan=
p5Uyn72oxgxhvkcpPWsE4-2FsLsLZjC41XtUFxlMc5kI-2BL98w328z4XNjcVZ8rOb70lmgeqLd=
jzC1q6Dq9oAFMv9LXqxZP84AmHgWYGpkiufugC07tCCKfxnNv59BGdZT5yiZNygV9zfi8-2F3Qm=
ONyfBnQ6-2FQPqd568L-2FbjrRBEak3s6pm-2FJPQ5PWRUtA7KYj5kTDL57GVBFpbDCX-2FupBR=
2x-2Bwv1AU4v54vRExHEidPPbm" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Onex</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWfzRQFgLfo9Hb=
pyo5K4NzoDftDcSjyZTa2p1zZVomP-2Bw-3D-3Df7x__I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8=
Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcF=
IptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM=
-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUE1MAhA5gFg5W1FN=
lb00DkElnyLoqS-2FTtDNyzi4FtOCnAWvWBFrIpGoWXdfaD6m2xQzwNs6TsJ3kfw6XAZf-2B-2F=
ToARuJlbmtXt-2FURA-2B4y-2BdvDH8wP9ZUO-2B2jRYwxmf661BVxT1iEyhlp6tYe4jB8yeCva=
wqC8rb5o5S8WMrteaK8XKGv9h7udfBRXd-2BuvA06msaBWznIxWuo-2BbsTL-2FfbESiQMAypFk=
DvktgjWmy1gAN-2FtMhHA0sT-2FKk3IICM6GBRr0zx7x3NQhg-2F3rk2no9DnUCq" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">Ares</a>.<br><br><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzWfzRQFgLfo9Hbpyo5K4NzoOy2ZndVmCA7TIUrreY22Lg-3D-=
3DJvEd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBl=
bgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjV=
MFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhH=
i5X6Z5Dtskduv6rXmsVm2zUHP-2BhxQcwBJBu-2BSp0H2v0AdHSh-2B4M7YSjBLibD-2BMq8oK-=
2B2bMKjmurnRVDg48q0atB24juYDNRONuP4av45H9KOEpwjNTql-2BTtobt7k3DFgYolLTp5RRy=
6WUj-2BE9kAuqtz4uRkFY31fKMrNMLsdq5-2F5Dd3ea0YGKYA-2BNcvtp0VshAK900be5BcaMRv=
P6RRt2O9pJ-2FEoq-2BUQc-2BwiKR-2BaUiwEBl9xKsute-2Ffq19SV4N-2Fy-2FgSYB-2Ff6rU=
4K5nTOVxuK9Q1GzhmKLFZl2YrVLMci94aco" style=3D"color: #1D5080;" test=3D"" un=
iversal=3D"true">Bain Capital</a>'s <a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
WfzRQFgLfo9Hbpyo5K4Nzolwa78MjaRtoCLOid0H-2F1eQ-3D-3D9oro_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6=
ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7=
HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqB=
m80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHD=
qJt8t8SuomruRZpzgGNhgG7nf0Z1T1a-2BaW-2BYJCRiXh7rtvqq7wVEqSWFPJN98Ru6MwmRJVM=
VaSr9dyCQrGDfpke9Y-2BbbvrshNLjkdRLICngQqfby5iyNBpD2n38juCZfUdRCMG-2Fus3Dsbp=
eUNw3DKr2LbdfoI3vOUsUpdgE0sDfOwp26WVO1ArmgApS4omjFAJ1cRUjrPc7I21eemmpTUFgg5=
w9hn5cANQJTr6QoEuUKkBPXQyF5-2Bo4v21-2BJsW14Y4VZrHdxc4kbNIe2nat6" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">Double Impact</a> made a strat=
egic investment in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWfzRQFgLfo9Hbp=
yo5K4NzodAmawxE-2FjQ7GhKxFQG9G-2FQ-3D-3DMZNu_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B=
8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3Wc=
FIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWH=
M-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUF207TqsUbZIST-=
2FO5X0JmnZeBBFvniQanXkpNSE9MDsXi1vusuMeNeFbXu5IcQjUT-2B-2FaWKUg7CYKC92Gcqal=
fiLrlVZaLVR5yuzLH4cQcbaGTFFhQYyv67U4amQEsktdEjRs0JfwfbvuQApKj47qn04VebkYcsq=
hTGcL2vVC6o3YvOuQCDzwZpZzo1qinNVRkPW1RqhisdylKdp4qXhVUh-2BRsJYprOzr0cZ0kNji=
orZ6lLRB-2F-2B9G06RDPBr4D-2FVZFDqWR1huF5JbQYyrCqN-2FJHr" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">American College of Education</a></b>,=
 a for-profit online education provider.<br><br><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzWfzRQFgLfo9Hbpyo5K4NzoYCeZ1bnh29QtV7kJ5brqRQ-3D-3Dnwa5_I3w5d9c0=
1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1r=
ZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hs=
a688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn=
-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6r=
XmsVm2zUFtMA8PN7hbSBVucO3tU7SS8jLPKCZ-2BDZ3YjGhF-2BEO22Pnqr6WOLtdqZwH-2BBh-=
2FSL13c-2F8yn3njYfNc5x76Yg53kbDGqspqdcHUGXPujdnUAi-2FIIw-2F-2BIpYLatpIKob-2=
BBgYRW9mhENHCgBnwqrW3rhCZuXLZn113JxsRQ5LrjtfDM6NO-2Fqpmc2jUFe1wny0ccALEKZ8e=
fvf4RFNfLlx2y4wntm1wX4mM0XOy6nB8eLBiYTozCVo15CRo7JV-2Fx8v7d9hgCtVe-2B9aptKR=
LOKBlIQaSu" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Investin=
dustrial</a> acquired <b><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWfzRQFgLfo9=
Hbpyo5K4Nzoo3BFFYRF1MyU-2BwsAQkUlpw-3D-3DEpGO_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2=
B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3W=
cFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRW=
HM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEZ1xA-2FM06Yg=
cjOGNCjh3iHcuB1XM4OSZQauz0zl3qchTgTYe02JeVRMLJpajQOab13YrF1vZVOOOiD6aWm89Rx=
BwCj0KAN-2FZzYFfUorGg18dswNp2NjMz2Xj46lfEvtQSXJMmCrP7Kiv1W8u6csK5zmNATZIbxu=
A3Jdw6RNqQjhwlmOxspLMsLtnurWd61tImALhPTq3P9FtRChuE-2BKsu-2F-2BUzRTHrZc-2FcR=
rNw-2B7kBdnHnO3ipFMV2HuzEUdW7VN7A9sDMy-2BfnAjrZZsbHnb4pF" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Proveris Scientific Corporation</a></=
b>, a Massachusetts-based pharmaceutical testing instrument maker.<br><br><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWfzRQFgLfo9Hbpyo5K4NzoB3ht5Z021lAgk-2=
Bqq1G3hlQ-3D-3D63QH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsf=
Fz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLX=
W5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasg=
Ph-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUGfBBdoKahX8XbuZY4WAVDAaRnXO8K-2Buoi6Bhg=
MvuLS0RZ7cR4iBen5ek-2BoFySOlZRIwpqO1chosuwNQoZCCHP7Vtcc57-2F75-2BoFQCCDzL5G=
LwvBExtiCyGAiu-2FIIqo4-2F8avdN5YQTYosTA-2Byl-2Bk1ZJy7rRr1MSFBNkQcDFko-2B2c8=
m0Is3wLEkY020uF7TA7n10xUx4EHgumPf-2Fj7LUmCTpx-2BozC5HRpToV7w-2BrFzbNr-2FA9D=
PEXfBjROGaFV05Agko02zI2sAnrAnrfCVZq3OPgY" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Coca-Cola</a> scrapped plans to sell UK cafe chain <b=
><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWfzRQFgLfo9Hbpyo5K4Nzo7nNQq10XjATmS=
4TAOlNRhw-3D-3DiXK-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsf=
Fz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLX=
W5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasg=
Ph-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUETgTDBpnvaRnuSvBudQXJV2-2BJn7nguKQcxpmf=
M1jatd26dLsJ6uqbYfWHRMAZm1RlVcEDftkcuBGm9pMR-2FEHRIUA-2BZPRA8JDnvlqdKFpZYSi=
1yRNhaijz2I8YEBytGNXMw1c9i-2FPcdAsG2RQSbHwkzArtP87I-2BRC9gjj88CuDWbtnO-2FR8=
KoBOxH4ZRkeGfUrS0dHCKBlUA8PENf4TN8f1e4aPw9C5nO4oPZYIU57OWhtPjUnPuvl1bvLNpZW=
J-2BuVFafSdF76-2BpfYJnmYbfiq9V" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Costa Coffee</a></b> after bids from <a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzWfzRQFgLfo9Hbpyo5K4Nzo7l24ufN0hBTsD9i1KDIigQ-3D-3DdlOj_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1=
rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0H=
sa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFI=
n-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6=
rXmsVm2zUHZI0ha5-2FXPOD3ms-2BED6qHzsg-2FBCG2ryMFdEUQrXbXiP-2F0hcmScxSz4OJVJ=
7o3vilLABQhUat-2B512pzASi2Ekz4AaCQZrJ52wsfigHL4EJnNuPomRYVEjyK-2FFwni7LuAVh=
zgEdA7TM03jTBv1ny9TCVc2a4dw1eyG5ktWRWhJczsaZDzQh62wgpZbHrAD00hJzHNoXfDEIr9e=
qMrvGbuaP6OGZTINeMOi9Enb9HOdbo52My-2BOS9Dr31Fok369w46tmmcnXl5B-2F41xkrQomXP=
V0k" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Asda</a> owner =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUvky8qYycSamJ-2FJ6qdYhg0OmKWtYQX7kCI=
rXFcMvMHQA-3D-3DPR6b_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMs=
fFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kL=
XW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzas=
gPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUH1JGHfSiwdab-2BMZXcz-2Fws2Xdjd7oO3egO9=
Mco-2FVyinbV4hmVoGQ53U5nhyyINO-2B1cK-2BeXz-2FL-2FjHXEzPsENQOoovbgfAAhuvksJX=
KzFN7TsBgOZ5tLOiyMnzAC24sJQbKwAz6EolWCwXV4NG3qfoY5zGIUDEl3b49RuhMfIsi0xZXfo=
qc2VrxPWxtl4bEQPz0EhdbyrYMaNZb8uvqgLZyhItdXnJeC0DXwQATMwT4i43MvjPt4ya9eEEji=
gVc10jrdRf4Y-2FUH25hmanasvCBSH5" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">TDR Capital</a> and <a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWfz=
RQFgLfo9Hbpyo5K4NzoOy2ZndVmCA7TIUrreY22Lg-3D-3Dcwu9_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7=
KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3=
rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf=
-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHF4UuqF=
JDmOhFKMwFOKA0zo5PFPC-2FKPOgZb8OEkRy78Deu2-2FssjO4UR9gysmAnDPY8pveeg-2BuJPX=
LIY1sdoxkgSzfB9GdZWrXvffpaxX4z9uES4AN-2BZwWWncs-2FivfLUaGJ8Ntfo37LXaFzI4nis=
TgKnVrCgRxCBojU9puK0H43nSlnGw1LUw7AXvnpcBHIj-2FwMuf6vVtOGw2xkPakNkMYyFWurc4=
iZG-2FvnhYuNgpnIbnPvBTCIo97DVL8aiZERLHyEez1g2L8JCnasOn0Qzc9s" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Bain Capital</a>'s special situat=
ions fund fell short of its =C2=A32 billion expectations, the Financial Tim=
es reported.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUvky8qYycSamJ-2F=
J6qdYhg00UBkisJgB0TVlNf-2FgM3Awg-3D-3D4Lc9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8T=
fj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFI=
ptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-=
2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUECKxT-2FyxsYmezP=
A6V1CqhRfI-2FO05-2FPokkRwSNU87pxWYEcIIIkVwln1VcQ854OyuoTopWNNs6dgtmj2ATPAGh=
n4ijAWPHEJpIAKE8nzL2J1Aieg14skgRKsPn4wEFGOWv7t4AyDWlX2nB5LSe61F5eUQ2n4KjpkP=
-2BVBKbuGuwUgJrm9N-2Bsm-2BpjsWJQXT4YAdXnG2nXSTP6VeWiBKTjQjtWTWBw0BQ8xIA-2Bh=
I3zEciiJZxggp-2F9PmhdZaNb6U-2BZOJ10Be7LhXWwNGvtrKzJamdD" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">Lead Edge Partners</a> made a strategi=
c investment in Rhode Island-based pediatric software provider <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUvky8qYycSamJ-2FJ6qdYhg028Z-2Bx9NsbolXG4HKB=
amnwQ-3D-3DAcdk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85=
zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL=
7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2=
FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUFXPfPKkcKNVBX7nK2uinxF-2BRVPv8MhAEdtz2P1suG=
DrqexDopmIt8j7FY3gEsRkKRbhSOU4aE3HhLbW9h2OED62khIC7Rq6H-2FjFgNxeGQmPCUk4BL6=
080jWtb93Ay90Bh40rZ-2BxJJpsn6uyeFSPQ3lkk9tnBxwk6LXTMgAz-2BFYgoC7pCRNP-2FWaC=
zB-2BEZQjHi-2FMSzFkt2mgQeFTyfwI3tX8aiTeMCnC8qxjRNIiJjq0pHs-2BMwTabcbUMJhJUT=
TrZ6ScvqHrcxiScgKEt-2BHgYZhk" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">PedsOne</a></b>.<br><br><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUv=
ky8qYycSamJ-2FJ6qdYhg0tE5kw6UPkOzabVU6SCwdsQ-3D-3D1U-J_I3w5d9c01gkD8gLzFEof=
ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ym=
tS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HK=
Oq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm8=
0bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUENNh=
BnfVsS7VhPhJ4bHLH2hqnvjekH-2F0mOzROyNkhG4S3DpkPv0gzOQBoz-2FE1tPIOa-2BFyl-2B=
aKDctylcNbuAOx9lhAQ0zK4Gs6qTagec2r66k66xNOVcoe6w-2Bjkq79f9lS5C-2FJP3tL7709z=
Q2NmNUyJ7bdLdoWzN2CM7LOHVmw1d-2F3RNn66zXE4b4ApQRz9CCedcbk5x3-2BTwD9O65uHsvd=
7daFPfJELSGXZxSHM7XrkoiIOZJPMeYeqUkQJMOohDtC3kcUMxrwFsxt7dPUKN4vA" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">Main Capital</a>-backed <a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUvky8qYycSamJ-2FJ6qdYhg0iyRNQzJUAyQv8ymi=
pd1ynQ-3D-3DdISF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz8=
5zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5W=
L7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-=
2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEUWiaF34IKce6Hyh6srVJ-2FTp1AxGjpwvxLDRgEJj=
FVDeXY9WgPEb01vzHbz2vSytA5pDMibD7MZuJEyppZ2CabZKh2hzicM31o3jB717YR6PBrk8gne=
x8qGVAfTRuG0fg6NzbcRuVoFk5SUYSAVNtk2ImYoluPAaNdVbaK-2F2X8ZhSVkAc-2BnYj4XNdl=
MrzC-2FO98tTg56QzVjqQdeGXq5A-2Bz-2FQltPnLPzzvEikKcQQ1HsedR1iWtTXHe2px-2F9SO=
6uQgsxDFcH92S5VGosOZhJu9k" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">SoftProject</a> purchased Vienna-based data management automation pl=
atform <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUvky8qYycSamJ-2FJ6qdYhg0ZX=
JGqRR56h6dCSbG2WzGsw-3D-3Drk3W_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sx=
mv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUr=
UZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79=
yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHzPuarsA-2BUgsz2fbShsy3UnKMK=
9gniPlRNKEo-2BG-2BOzfblr31jmp0ybfi3l-2BvVmmLY-2FAcHveuj-2FxRZf0U-2BY6Ka-2B4=
DPusVB2h4fY6lOQxNadnUy2nOsR-2FxBr2Eta4DIqO4aGRNM05WDrwM-2FP3CBqrCHYPPw4rVlP=
b-2FXQc2upPx34LvmFCftXOTGXuWpiie1u5Jm4kezOx6ZS52M2Tgm1QW0O7Ad-2BDA1rxoaVmfX=
8E7mfphpB-2FLdAZibTRDDEm7fPbNWvbHRobsdjZfEa0Tq4Ty9P" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Dataspot</a></b>.<br><br><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUvky8qYycSamJ-2FJ6qdYhg0jCYJi1wEvQb7kqfk1il1yA-3D-3Dr=
tCu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i1=
35jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgo=
L8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFY=
XiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X=
6Z5Dtskduv6rXmsVm2zUH-2Bdl9i3APhVL5hycMxYkqH14oKCxS-2B2r1iveVN6F0awZeI-2FQP=
5uRc9HPrv-2BVpltF7sSM8cPJhCxeoBP6aLn7IsEHhKQtz-2BvXrPihBWzJcr95qWkRCQFTjcTk=
FVnKnd5roRPeGVp5kgN6y2kLGn86WweVrPQsM8mtg7mtL-2B4-2FpKvxoRjRU-2BLytiEuZBxBH=
egunNJgQUZ-2BnXhAjQ5YnW-2BnJtxyZ0fbiSUyKnoJBJpjTbOU6IBlpv9xI5eicm9Xcmch79wd=
TsQNVe47mdSNzpTVas" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
CVC DIF</a> is in negotiations to acquire a majority stake in <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUvky8qYycSamJ-2FJ6qdYhg0SYptPYB0Zly9T4FXxyO09w=
-3D-3DODHE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8=
PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F=
2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE=
4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1=
DRhHi5X6Z5Dtskduv6rXmsVm2zUGrrAKRBILapmgP5khSRZ2ZxmCY8srJk1JWNbyLoXFfi3qkfU=
-2FYAv8CG1esPLMDlNbNsYLV9lrlJdmSJq71nlmCgZXgS3692PS8TSs9pI8ttidCK-2FZyTdSXT=
u094Fxby0eJwWoC6CkyRZ6EAn19YU65tYVOAMYI4n3n-2BaXPuZ-2FVtlAkGOVl3D-2B7ilA35O=
5KpDspu-2F9PPROtFhLdG9pIq9F1Ji770o0bwJqJ6cb5Dv7tyyaDPJpqqvFGkw8TmljceyKrkhZ=
WNQxLtgBfWguG8lyz" style=3D"color: #1D5080;" test=3D"" universal=3D"true">C=
eleste</a></b>, a French B2B digital infrastructure operator.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUvky8qYycSamJ-2FJ6qdYhg0y6XnyLIYzJl1fg4PcP=
TNmg-3D-3DVzzQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85z=
L-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7=
yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2F=
PoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUGDcG0PSRYYozyfKplFOMYVKuA01PmKNiEnO0Vn7galm2=
ayDVelVEGQq7t1QVVnPWtHWhkyvfVgg1XN1NPJ4K55vN0GjerkadImoo5hQkOLIseNFUGTH8WKt=
lvfJspFFxabLTICJIZSgOAVtHC-2FUL1A5g-2FZUgKdB6wmB5evsg0EWU0jiC-2FkTOEMTLeISh=
dH-2FgRoRs0-2Bg6wHJowbs-2B83VRVfXqznd9saYU-2BlwGAcM-2FL9HAFkGqM8YwxTCuHxFuX=
4KgEEdo9kTUQl1MJ1K22DdOKg" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Warburg Pincus</a> is considering exiting its investment in London-b=
ased insurance broker <b><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUvky8qYycSa=
mJ-2FJ6qdYhg0XvIXCvZCrz8-2BmuyHza93-2FA-3D-3D3qGD_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7Kc=
Fh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rw=
Ax3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2=
FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUFrRUKu7-2=
BHQt9AcKkgY-2FeJmtyAYJKAUntWoMbD2eb-2Fgpc6wzeMjcxUNNTHMQhJd97rSFFrvCAhnPa-2=
FaVD0V3BAKNw21gcffkvM5EB3laWTLt3Jwg9ow7Jcu2q-2FdMNMBdtZ7p7-2Brx37zeHCIgAaxf=
4-2BshuH-2BwmgfbPS0Vp1SHkAEpMU4lqgGibC01D9et0fY2hqd9B7pXAZEAw2i-2BDv1a1EW-2=
B0l0TTzcVKgneSuYFIffwn52RogUA0NPkENJVwgCc1MlAUzejh8tWueTmC46jZGN" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">McGill and Partners</a></b>, =
seeking a $1 billion valuation, Bloomberg reported.<br><br><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzV8oFs5UZYdpH6k1cS4Wh-2Bp69nhfiGV4Cb7qnAL5RuOtA-3D-3D=
8uX0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i=
135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbg=
oL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMF=
YXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5=
X6Z5Dtskduv6rXmsVm2zUEglUrDkEOlgRwFyFSA6Xht-2FkDUc2aVZFh0t3RWqqaggZXlyoODK5=
w5-2B0LLx3LF2Q8mLKVDq1WZmuM-2FJbWfOYSQTrjCW-2BWCI-2BWg0t0YQ8vYjt-2Fw-2BXHwX=
59ZIlDgDiunnl79KmY1XSUMrmVuxRf23ywPSBDRtiPjgAHrYolaH22BNZj4NZpdmKKAnm-2BkJx=
7ZQFI-2BxFPdNli0n98jwp32I9itckSJl2fXzT7mfLwG0vbnqy39ps1C0T-2FTPhrYtcqyCBTck=
Jq1WoCl6n4DVa3gTOAH" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Blackstone</a>-backed mobile app marketing company <b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzV8oFs5UZYdpH6k1cS4Wh-2BpgxwO07U943tpglNEfKAkSA-3D-3DGpzK=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135j=
N96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8C=
o-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiF=
GTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5=
Dtskduv6rXmsVm2zUGC4ZCsA7zsOdoedO-2B7l9Q0lp5DCkas5i3C4K6pu3ffvrx2n2q7qotC7o=
qvC4pe8YdH29fX66qImTSXjf6EUyoDog4hdsC2H2TwJzKrndSgxizAK376l2QtghfxFZInWmW2m=
oO9QJFnG2-2B28iq59KUE5WJJlo-2FgwtyAN3nCpz77PnaLepZsTooyUKioRtHoSu-2FfnbCTZW=
JD6MrARkmRih1Ju1NsPYL0cxrdyrB9KtRFPIxZpWHDTsXVqVbpYNLfYiMaOM0Xr-2FJ1Ejdry16=
S62-2Bz" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Liftoff</a>=
</b> has filed for an IPO on the Nasdaq.<br><br><a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzV8oFs5UZYdpH6k1cS4Wh-2BpQiRVKY8SYO0cZxPuT2l-2FVw-3D-3DR4qE_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CV=
My1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5=
Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrR=
BFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskd=
uv6rXmsVm2zUFzE6oidyj0ryjSE67MzXCSbVEGPQpNagKUpgFQzHKFGhKGiJluBo1WHDB-2BnzV=
-2FYUt8nq12xvipRqGe3m-2BSULNKoBf-2FtBWJ1Flver5JBOVoaJTa2Q9BBurYNyPYEa1VxWuQ=
GiC3vm-2BZb6FYfDLOAUhnW1F6iIf7BUhPXCHFQErcTPuyU3zaUxpLNlOGzDqeKc3QD5dSp5KVv=
7fB9miRcJZzDH6J5VdfSxV8nibUGxqFbgsQyoZLZPLBlPaX1FjqMQLVLyvMaKQMX3TjIMJJzWdG=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mutares</a> exited=
 its investment in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV8oFs5UZYdpH6k=
1cS4Wh-2BpIzlpy9jmjkKhSc7pBQplWg-3D-3DrOuF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8T=
fj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFI=
ptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-=
2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUGGPUx4kL10v9panJ=
jG8VEuzbWvaxfKSx5doe-2Bzjb4zoQRCgSxbBU3-2FL7mRyhQaaD0YjtlHU-2FQi2SSXfin3rAw=
A-2FQN2j8hCD9aJhk7ZYS-2BfKc4VpO-2BqIZ-2FIpAquUss-2BiX3vXIEJQ9ouEwTa-2FAZzJF=
9JBk2rTLfRMTaokE9m9F2GvXW9pz3jvCkTDvlNcK5y45Sl4R2VVz5cjo71HnwyUHlpUWHaRpRIq=
3olrXS4DML5qLzgECAl55PfN8vE2JxRMGFCmoykexi8kOfswoVD98B6" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">LiBCycle</a></b>, a Munich-based lithi=
um-ion battery transportation services provider, to <a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzV8oFs5UZYdpH6k1cS4Wh-2BpGpHJjPc6BahBH0ypMU18gQ-3D-3DGCzP_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96=
CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2=
B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTs=
rRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dts=
kduv6rXmsVm2zUEiaTadIWRtTUg7vFenUkLLQEklopJk2fCzHoF5j-2FM84Mh9F-2BTO-2F6ltu=
BY353nx9I4u7FTsafyHbabNr5C78CdKoHGxzil07HUH0xjekRXPcQN1qY-2BJObiFLAbobCy-2B=
MDEp49L8gZkfUEr5OdKJvldRk1-2F7KJ3odpPKE351N6IZwr6PimFf-2B7jNrEtEvJCyVRdIfxf=
apP3urxtZdU5GxbhXxW7cnXppN-2FKuqhfH9fB2wT65s-2BfQV-2F9Hm8C0xiL-2Fw0TYfOG0wy=
Ihfrp-2FEyXRHQP9" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Re=
verse Logistics Group</a>.<br><br><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV8=
oFs5UZYdpH6k1cS4Wh-2BpXuAY6gU1ag8UySi84-2Fqh-2Fg-3D-3Dm9EL_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOA=
z6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8=
r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9I=
qBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zU=
EA3XWusXq8HpNMbT9ayjwk-2B339GgkBVM4NRBPZ8QkUQVh-2FjShY-2F9TyUhZmkZi7T4bUrW5=
-2BpANAE7IfQOXl4g47ATkxL5Srl0VQo55rG3CNtpIwJstfVDtUFEVAeJCX9GC6tytbVw607JlZ=
HGLPoptDyPaBIJ4oVrUnMaloHBmL3VP6tHRHukWr7KOhqt7bo1HBu-2Bz-2FFOkKnkHMzTajgHC=
wrk3qbMjK4UIvHnNc04Gl2HpOfBwg61AHmNDRSWyRQFIGhI4cYGFi-2Bhb3r2oelj-2B1" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Astorg</a> is preparing =
a =E2=82=AC2 billion sale of its fund services business <b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzV8oFs5UZYdpH6k1cS4Wh-2BpqIiJaeZc-2F8RJO08h1dar3Q-3D-=
3DnAaC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBl=
bgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjV=
MFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhH=
i5X6Z5Dtskduv6rXmsVm2zUGPtC70afuSq5IGpllSn5gdgA0-2F1e4CA1aYhY-2BfoOo-2F21G0=
-2FVZf-2BGVJ3znUoqDXijwhEcnccRJjyA-2Fu1MRN26vuR95q0q6ASLtjcwo-2BX7pgujafA-2=
FaGZ-2BDtvPbRLcjI8jJqXjuTz5rkj6j8EOwhAe5QhPUKkgvRpnkSyzGfCzaQbMvr6BZJ-2BdL-=
2BNTErcscwX-2BHq3gQBfbs-2FuijSj3wUYDgRugKL1x637On3zrKJYbqiDopONsyAJun1EI2vD=
nX4ZLBC2H0YpgwVAq5CoHk9NPYF" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">IQ-EQ</a></b>, Bloomberg reported.<br><br><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzV8oFs5UZYdpH6k1cS4Wh-2BpQCRLtdEq0g5WaaZDPc3E2Q-3D-3DzWIT_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96=
CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2=
B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTs=
rRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dts=
kduv6rXmsVm2zUFOPVtHD-2F-2FvyF-2FtEe-2FS5YlZDms4lnw-2BZWMKwCZEUT-2FOVdsaRCj=
2CBWjwugvW3-2BiuIfwD8sdh-2BMahO97odXb7xC5szpmB1ynb-2Fgkahbkcp4c7VT9UTNd2QQD=
N6ZkCvbuA9u2IEIObKvsMM6DrCkybdbexuwoj0xrv-2F1EYDVseHA-2BHhS8AWJaHGgPh4kN-2B=
CC0ObHvPfrCxYiYUCcJMOA0hESVq0REvZ8C5XJmdi7c90XlEQu0m1c-2FMcOar0-2FxQXocuVBy=
va2f7CgxGGXlzbpnNDyW" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">YFM Equity Partners</a> exited <b><a href=3D"https://url6380.news.pitchbo=
ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz=
V8oFs5UZYdpH6k1cS4Wh-2Bpf7FXYmTuyUf-2BztiRPbeHag-3D-3DuC5b_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOA=
z6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8=
r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9I=
qBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zU=
FfDtSw3zR53u5ZW7XMfNfXxjwFpxV27-2BUA7bRlrops9PrsxXi4RNKN-2FsIhAc7Ay-2Bez84E=
N4MfYr2xZCsEXi9IPAmvn-2BiqQ8BVYbbEZlFTW1-2BKw1jehxbSPuhUpR7zevTXMz6WDq8v7vs=
rYfkQTqmek-2FsMr6qWkUJOQQl6CiVVV-2FBW-2BIn6DKxg3bcJzDAgCdGTFNjpZt0GPl46J6xO=
qFFYFHQJ-2BCDS3v-2BSXHJcWorM-2FIMvEN6yE4zjsPgvU862m15bM3uEPtzX5bgkWLdgEWi7r=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">SharpCloud</a></b>=
, a UK-based data visualization software developer, to software company <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV8oFs5UZYdpH6k1cS4Wh-2Bp1XZJNChSXu4Os5c=
7MCy3uw-3D-3D-2Bg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz=
85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5=
WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh=
-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUHiebDWN44x06sZ2cpHbljpF9yF6ux4zziE8y8N62O=
1xgnwlImkwKUoPKgVqEbcs-2BUiiWvC-2FzhTh86m4AJNj6b5Z96MxqmkrGXujHF8k06XqXjZs8=
WBlQgb5MHFr1kavfnOBf8xc4o-2BeO9WARtjOLRv5v8W3hW4G2YAeYGgJPEwbbX93B6-2FYQUYa=
3s3UPAVUmtf6pdsT7zi79sRte5fDTwN-2BFMZLjyASAH2HIsafa5qqKYDZAURMsn8iROLMmCR-2=
FNwc-2F-2FniPQasVSWKguXP5vvf" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Lumivero</a>.<br><br><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV5F8H=
LcYrtsCSng5e0QlIxc9FP9JUEG-2FuA28v-2FQs9D3Q-3D-3Dpuds_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymt=
S7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKO=
q3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80=
bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUEEo4p=
g3q0JyN4ooq-2BFBlfj7EpjjJej82wbElPa0NRvRwOJpGKYU1SHrAqwBqNXohvr96jrcTN5L4dm=
eL8J8viJ3ks1ZVDv5z4M-2BHU9jf6trmZ35-2BxGWV4zk0qYUKDqSchatqBBqeJiOig8Kc6HHp2=
kr2JEKH8VDHPbcRl9EnQ-2F1MU41KGeD1oQZio5hwhSFaQNf2ia1WYekyLbQi82ef6RdVVSJHMl=
-2BopzcrsMILmLhH9EiaXvVZL-2FUiPcNdUUvWTmZyFP2XlrkFfraU83z0W8" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Capza</a> exited <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzV5F8HLcYrtsCSng5e0QlIxWinb-2FsyNWDSVmBAVDyPgnw-3D=
-3DFFzS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
F6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TB=
lbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vj=
VMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRh=
Hi5X6Z5Dtskduv6rXmsVm2zUGmC-2FxVAyGYpXKxNM6B83TiV8lsEEYxdHtEVvRLEizWBgkP7WP=
-2FA0yxIMJ4Rlpv66qZClOceEZDZeB9IZ-2FPzpaDPIgTAO2uDn2-2BUmnLjvhKZstZWl-2BT-2=
F3t8H-2Bts9Bb4LawOgCpS1vK-2Fuc1Vva7GU79GtC5E0p1-2BZdvjD15sRYny59hOQBO70Tqb6=
75EaP7JtKXVOZdAx86814fhq5C9j-2Bnu80SCjff31pHsMF58eUCw5fcDkWYP8-2FtW2Py1Igf2=
vMQrAXFM0ithJJjTT8LH6VeF" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Novarc</a></b>, a French industrial manufacturer, to the founding <a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV5F8HLcYrtsCSng5e0QlIxJsosgt2cx-2FYN7fr=
KWCdn3A-3D-3D2Fy9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz=
85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5=
WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh=
-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUF9UAtfj7aYkP-2BfP2Xyfz-2B1P4MEbCy4uZqKZuH=
NTrI9bbG9VfE-2Bb62ZGtHA1g6Sk8rAuAcP5tuD1uGLNXePBDM6spqeMpD2Jv-2BLk8kZbN0j0s=
93eRONKjVT91pryAMM2eZ4u7jX2o8O9h5AL5D8-2Bq8QTfous-2BlCpwwzGyiGsHjem5a3yy1-2=
BJFksu6OaGFXqMksT-2BbdaEwgme63kk1OijeaHFc4VrUdoI-2FAhNu1r53dh-2B25n4YXKOvAP=
HcamWuD3jjWLq6ZHTrtFq262HgVz2VPT" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Croullet</a> family and management.<br><br><b><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzV5F8HLcYrtsCSng5e0QlIxhST-2BfYuRWs8M22T1hPtpvg-3D-3=
D05Cv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6=
i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlb=
goL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVM=
FYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi=
5X6Z5Dtskduv6rXmsVm2zUGGaM38VKoq6trcORzqq2nPkLKgrFf1uH31vpo1ysIo6PyZeUvTwo-=
2FPIja4MhFRrUdowz25MSZ6Wxbf4sXKbrzYGnRtOJMPrVNcVbgtHC4YOC1akdn0OwahX9TqSCou=
nJ5HQMw-2FtJF-2BbjkslIKaq0EIANQ7TTDejQhZtuzr20Lxk6mhYBlm8uOVg8QDT959x1FxzeJ=
8nM7DDilKwBGnImWKvMDKyEb9yriAjakArwgbU9vw-2FLs8TKROqpPjYFMnd-2BbYQdxnUCsAf9=
xfcTRu6o2I" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Bitpanda=
</a></b>, an Austrian crypto trading startup backed by <a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzV5F8HLcYrtsCSng5e0QlIxmSl51ZXKc5iUi41XSn2QWA-3D-3DWlxe_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN9=
6CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-=
2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGT=
srRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dt=
skduv6rXmsVm2zUFguFmLwxJeZ5cbzAzHF-2Fd5YamT7sSgwWMb7I30QfWtRq4rkKBI70-2FIhW=
Cq11Q9DtLNkWC9xgsDkNdPvEl2dsrqeIker-2BemMSy1As9DnrJNX-2BBsRnmaVnZPxs6wNAJDk=
9ppSDESaKQQgM8qsFMAB-2BfWJ8A-2Bx7uSZ6UQonFA9QsOTLqzfr1p4tOoua9j0rTYMliEsNli=
DslTV9WJ55bNBNpFIb3FAopAKKXLA2f24PABS9WOhH22-2FfIXzBOvdTRtv2C7Co1Y2fGGIM6Gd=
LbEhNS-2B" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Jump Cryp=
to</a>, is planning to go public on the Frankfurt Stock Exchange in the com=
ing months, according to Bloomberg.<br><br>
                               The quantum computing startup <b><a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzV5F8HLcYrtsCSng5e0QlIx6dnbt-2FdPdCaJ8UhqLQNcFg-=
3D-3DW1Xy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2=
TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4=
vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1D=
RhHi5X6Z5Dtskduv6rXmsVm2zUHf0mYd7a4LJoHJYAQW6utT8O-2FABeJEH5BI9PduzLowUOsz9=
3i118MxY1p-2BZ-2BFd5qumCPnJV4n6jWgiQj2Z9wAiLjsFmn000fk-2FFLS6u7KDhEV0f8Lcvs=
Mz2OvAUbtu9p-2BEZOiFE4HSVHN0R14c1EHTsg6b2K1m-2FPMc5hl1Z0K9OQ6b2CMReAlMN7GER=
jW5ncm1BYhHOZ7-2B2qaW06jWzmbp0tn-2FK3dmjlP4MJ9Ui06qaetfbsL8UeA2v8XW15kExdLP=
KyFovJ8-2FH3-2FcbUm0xFHt" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Quantinuum</a></b> backed and run by <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzV5F8HLcYrtsCSng5e0QlIxuWmqETd4HUxtnAqQHhq7dA-3D-3DHsHL_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiH=
AOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688d=
Cg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQ=
l9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm=
2zUG4AsAzpxaTNkftplh59mz15-2Fr4WkzThySg51NybAjVgpYhbC9RTKrpj-2FJ7cYfqkm4qYA=
888KVYOfAjxTlBg6Fa-2BO-2Bg8wOGGxLGY5ODR5i6pPiKYtC82Lt4JGcbNBdK4b7C3ul4w2JGD=
cP9UJq8vu7iceNdT0iHyItr-2FYBG87CeA4xzr2k7s0VRIs2Me6czEF4xVNPJd-2Bi2wWg3sJ3H=
ldM1eK59JDRg3vybQZYrP90IV4SZQ6Z1Cl2kamh4cNc4tqLVaMF7J4mVvl11XbqlIKgs" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Honeywell</a> is gearing =
up for an IPO and has confidentially submitted its registration with the SE=
C, Bloomberg reported.<br><br>
                               VC-backed <b><a href=3D"https://url6380.news=
.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn=
vsnswouzV5F8HLcYrtsCSng5e0QlIxl3qdyPe4yNGOel6nT3J2LA-3D-3D6Ju4_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKi=
HAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688=
dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2Bp=
Ql9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsV=
m2zUEqTzs-2Fh0D6dOMba11x-2F98fItlfi3ZNwEwvAXuSojtYcFskc7X4qNeVymRiFTP1AtvtI=
lu4qD2VDg1YqdgdJcW6b3tx6z-2B0MkHP5SOrrY6lW-2Fp4NCkFbIoRpgZhL-2FSgAv8rvx0G2j=
hi3FNlQGMTwYQYDmgItsWw3a01ttZJiXCrhUkOzGWL2j2hdF0d029hmlaxtfuW9CZ0AYQ6hvbFb=
5YYjBBCOY4Qwo7fL1Nrv1FTIPXDHPuTPMLicZ-2FHBwaVJT7Gsij0orzMjYqZt1oB-2B3Lq" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Included</a></b>, an a=
gentic AI startup for HR, is being acquired by <a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzV5F8HLcYrtsCSng5e0QlIxBO8JtHo79j0UV7KXliINpg-3D-3DwbMU_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZ=
FKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa=
688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-=
2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rX=
msVm2zUFlvi5yOpVLpHpWRivAVWy8p5ORuyqBzmlxdJdNGGjUTdDpDUGpWLLALCEDxyCVp1Ci-2=
BFx20KuzOnM-2FvZCo83Q45xdnyUpF71Y0dwsXFCG2OiQBCEapaqi6F8L-2F-2FoHRC2savJsoX=
FVHo33MQy82mzzlWDHuaxVzQE-2BdRqn-2B1eCgC9Ycd6nt2wdBd-2BdTMSUoeTK0s-2BWkc8tn=
xaAHYo-2Fv3Ex0bcRcYVfBw1OyPMVJ1RHEMKWKk8VRBIO1sg7ZWx9XC9hV3MKbshRw81DCzHBMi=
FDu" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Phenom</a> for =
an undisclosed amount.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV5F8HLcYrtsCSng5e0QlIxSv0t97qwXMJArcTygoBg=
gA-3D-3DDak0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-=
2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yK=
GE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPo=
L1DRhHi5X6Z5Dtskduv6rXmsVm2zUFTKQgAkuBs23kcuBNROLBrsTzPtbD3VWcY1Hy50tSf1FXE=
BbLf52hgzBNcFHh8-2BBAgI4DCkzCv5A1N4f971rhHUlBYjVGuqORK6Dw9twP2bWUWBXhD5A-2B=
Mby3pFGkVh4slaclqztmUWQT6e4JCCcZsII-2Bl4ZhBE4h-2F1LHOmIlzQGyXSeLUAGse8jFl5g=
DxI7zRccoqHO5hZup9eQfesqRvvFVbwb-2FZAI7oyjg-2BpNmfU8Air2wMRymmGe7vNc0btup4u=
dOeWFJk5NZV9oKfUXiK" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
><b>Infranity</b></a> is launching Horizon Infrastructure Strategies, an op=
en-ended evergreen ELTIF, in France.<br><br><b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzVyfMeBGG0hFufsfmICpK7cL4yyCQq6cohBmK-2FdtwdmWw-3D-3DkqKK_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1=
rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sFNGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0H=
sa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFI=
n-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4QIgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6=
rXmsVm2zUGlEmzMDKrE-2Fv3invRkAjbQBXPaehMLn1H5LjHJ5Ove50HuuCH345HKtMsskpidAq=
JO1yV5e8qeG-2BGRIp1GD8QcTtAL1u-2FNJXNuL5-2BY1dmO89n2o-2FR1v9Tzt04bgHuR8K2-2=
BJrgQz9cYt1RVUVZEnU7rquEvDrPP7zSJkNhZ1rnur8E7eZ1ZqpIXx7UBP1VnJ39qhSqMRQUyqt=
4NjfFEv7xS5UfDHmF494jaMwPrWWbNv9S79eUUhwBsRIzCKChHGqsdCoD-2BGsmOE47CB7gZNVm=
a" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Invesco</a></b> l=
aunched an ELTIF 2.0 vehicle to invest in senior secured loans to European =
upper-middle-market companies.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
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                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
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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">
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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;
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyfMeBGG0hFufsfmICpK7cVXr-2Bx6q=
dTsbkPkVI7vkGYw-3D-3Dkiss_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsF6i135jN96CVMy1rZFKiHAOAz6ymtS7KcFh-2B8Tfj9W21cN98sxmv3sF=
NGjMsfFz85zL-2F2TBlbgoL8Co-2B5Y0Hsa688dCg8r7HKOq3rwAx3WcFIptCOuTliDeUrUZeD7=
Vr2kLXW5WL7yKGE4vjVMFYXiFGTsrRBFIn-2BpQl9IqBm80bf-2FzRWHM-2FT6yIfl9O79yIl4Q=
IgzasgPh-2FPoL1DRhHi5X6Z5Dtskduv6rXmsVm2zUGr5oz5r4qsDUtKAn-2FDThjRifW-2FX1l=
CVAb5WFnFcnHSkYuoD7r8HixhSDRnfbVq4tkt4spd1TwkXLV9SKj0J-2FsduRP7Z79mwpCYboeM=
5sXbFF8P45udi8s9RnOPeWdAZYEb5942uez9h2i094IGVDRqdGHa1bPdyKx0Iqb-2BNI3Qf-2F7=
O1bJ8XJCSCnkd92wIBdIIGSa1WmmMTi6KBEnQPwA-2FbO0x7llGdyzYCRlyNSuSzvWENn9vQZQD=
qc-2BqSAm7jK17VhCaErvqZkq-2FlKbTreLA" universal=3D"true"> <img align=3D"mid=
dle" alt=3D"" src=3D"https://img.pitchbook.com/news/72197.png" style=3D"bor=
der: none; max-width: 420px;">  </a></td>
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                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
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                              </tbody>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
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        </tr> =20
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