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The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters Carlyle AlpInvest helps Littlejohn hold stakes; Europe's female founders step up; VC funding in Europe holds firm February 2, 2026 | Read online | Manage your subscription The Daily Pitch PE, VC and [...] Content analysis details: (5.0 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 RCVD_IN_VALIDITY_CERTIFIED_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in sa-trusted.bondedsender.org] 0.0 RCVD_IN_VALIDITY_RPBL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. 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} body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; 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pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">February 2, 2026 = | <a href=3D"https://url6380.news.pitchbook.co= m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLq-2FSFb= O8K0MhbbZjk-2BEnu06TD70Lsjz6S1cbTGsY96A-3D-3DnKx4_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bM= y8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9= QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJ= QLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxsjzDwn5ypIvoniL6= Mirx6s7rJYbOccoJ5mPLYFlStxAUP5BI8YiV8iIOAEvByhv-2FPt9IGTVB7qcFID0TbLc53FMN-= 2FdU1-2Bov0aSLIzN9GDnPwn7IsMx-2FZvixWh0il-2BkHU5rnSI3aFI2L3aIClrkDPROI7-2B9= ShmJQhs0XCC2JmMB0xlelW9kcM58-2FNNXQnHJlFOaYMuf2ZLBFL-2FaUM04NTtX15D-2FrroLJ= yRd6CELoqhUlHRwlu7tRtGg7XrAyF110o-3D" target=3D"_blank" style=3D"text-decor= ation: underline; 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text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVLq-2FSFbO8K0MhbbZjk-2BEnusgmmUaKxcqeN7MyvfCYX= 6w-3D-3DC-b-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY= A68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NL= xQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceW= drc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKl= uIF4KJcm5Vd4DxZTFLJOlwTJPWi3JK4wyB505tVjBOMxqIf1ucUtDN0ePLGmlgLNkgIoR5cR-2B= k10-2FQaEDEvWg0O1Qa3oIPEuVHnTg-2BMDfxYB6j5kdQNHDGO3ZF9ugCRc7OsTLBj3dxOmkl60= vroEIkjiP0OnPr5oQdPzKpjlOekHdsTqIsA8mfTUguuJTUX9pW8nZmcWu0ODl8Q-2BKNMEIHe7n= gaLs1OAf46sDTuxgRQhR5xD-2BhaCFNPmQCX74MfD7o6NzTMxJeaAicsYnC5RCs-3D" target= =3D"_blank"> <img width=3D'1' height=3D'1' opacity: 0; style=3D'display:non= e !important; mso-hide: all;' src=3D'https://my.pitchbook.com/ms/pixel?user= Id=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAECQE7XY5D5PSLQI&emailId=3D3= D2MJVWYNHUGBLS&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG625LDUYNYOD6M6QHVPV4= 6EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EPI6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQ= A.gif'/><img src=3D"https://url6380.news.pitchbook.com/wf/open?upn=3Du001.3= gwe9GsF-2BTAFq5zC5EhFQ2a8abB1qTlMwYRLNzMolGjSmCPqRZuyzb5tQBOnSwcKKTX3cVuHaE= yGv2mL3r-2FBtjvK08v1ViOLxb-2FMa17cZNdvuPg0KwBaOmDKun7i5ncpl4iGCShlouRpLjD4V= h5b-2B8qBPE6HwsnGKkRpOqsMQct6PhPOffNDSwXiWoiHw7QEg3oDxeNoezZLYkzVlQLIjIFXnl= 3rYcex1NUY5mehcgbmjCbjyZT4Jh-2Fdh0CyuA9n3xr8CSb44H6SLcLafWIAFYNqIaiW55RPcSB= -2BnA6uK18rBY0NZAvlDQlWgfe3-2BzKUqgfVnhXR9yIaOwuno7BisgF2NduK717bWAwPaTOcMQ= JAzUmBI2WOhFRf2IqO1LL7QN7OPnPOaAyj-2FcKB2zKXOoaNlEbhc-2BdJVGNvKt-2BKD9suyDq= 4xR-2F47b6zQdceYF6Wk6ZiTSbIuiofFllr6GUiOTq69-2FZUGlJt62M1b35DLxk2nK6D-2BqDh= WtX-2FWkzwIL-2B96BdO7GOZO9ymV9Ozai3jYKJlOqrTf9bUZgkitJJR6AcJPiVukqhxoaWdS-2= B-2FLTXVu" alt=3D"" width=3D"1" height=3D"1" border=3D"0" style=3D"height:1= px !important;width:1px !important;border-width:0 !important;margin-top:0 != important;margin-bottom:0 !important;margin-right:0 !important;margin-left:= 0 !important;padding-top:0 !important;padding-bottom:0 !important;padding-r= ight:0 !important;padding-left:0 !important;"/><img width=3D"141" height=3D= "39" src=3D"https://fonts.pitchbook.com/newsletter/pitchbook_morningstar_lo= go.png" alt=3D"PitchBook"> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouCjVzgROzwLfcLQYtOiqISw-3D-3Dc= ctD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4Q= Cdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZ= lP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmig= INPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5= Vd4DxZTFLJOly77vPY-2F8YvZshCZBIo6K-2BA7W8WIyPI8re5RXqmGpHx5s-2BqHN5oFK5pRNT= OeN3VAVQ6T3iREC3Vh9rc0L8RL4eUVnYWOgB8hdw-2FiwiB-2FJu-2Fb2f1D-2BEh1Ojh7-2FeX= wkpVZXh3kpVpyLZixRll7APldZCH5H4MxVMMe16Z2XYVcu42jtRRY1wnoRVJwUCMQvf2VE2wVOx= Duw8TaoKpaC0m-2Brk5i3nrTtCun2fjxTwckkHsHvdi-2F1qXs0xSRrJv7NZ-2BQVM-3D"><img= width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4457/SVBJanleaderboar= d.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display= : block;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=F0=9F= =92=B8<b>Record year:</b> M&A deal value hits all-time high. Download o= ur just-released <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiL= mOKHTuouvf4I4Jtxp6bkn89inIWooA-3D-3DYF6q_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ= YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFd= oysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyG= wYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7Z= xiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxLeIKP7N-2BatAmfCR6lJz1y27= qAS8GBv2iJDLSCG6Q8AWAHdoRND0RnFUjVAvmsKXpG3xxhb8xfo406Gy4zsOVGptXeFKMZ6PmzX= tOUgWlEDdHeSKVkZTgSLVxRTjMCSKl07EDcq40q7TrsC7fr-2BdIqxmL4FSimA5LKPUzokx1Qaf= 8VAXFJwmwVW6d1eNyV-2FJ4JhBDRtGMQ4cuPPUV7-2FKKgW0ZUW416y32htQ5f3DhwjVVwttRpS= lbHGNXNp2dfThQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">2= 025 Annual Global M&A Report</a></b>, sponsored by Liberty GTS.<br><br> =F0=9F=AA=9C<b>Moving up:</b> Europe's femal= e founders ended 2025 with a total =E2=82=AC11.3 billion ($13.4 billion) ra= ised, a slight annual jump. See our <b><a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzX0cGMK-2Bqzw7tiLmOKHTuou-2FgPTlxKIUj8aHJRN5r9Xdg-3D-3DetB__Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3f= KL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEk= ylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRh= SmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwfRut= tNO0NZnFVAtvU8EvjkBRecugn1TofBxGUcEfrb8TDBL5wIcGxcdwqB132rjtScNUwHQAZm8ziZV= lYsGLbtD-2F7-2BZvzTA31SeDROPPr3ZMZ-2FRi1xsPnD9JRsW4d6SFEzJsekRIGd83nFwoBUVS= -2F2Y76xIoKmtl-2FKWHVU9XIGrYJDUtdkesDHDCpIgJMTDS0Jc2eA8UiOL-2FK0lmG-2BrAvOG= l5LBo5PtHeKBkPHOTs4olLCDbFPuJNrAb77e3k72A-3D" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">latest dashboard</a></b> for details.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_577186" id=3D"n_577186" 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;"> Big-ticket deals push M&A = value to all-time high </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Madeline Shi, Senior Private Equity Reporter</i><br><br> A flurry of billion-dollar-plus transactions= last year fueled a strong rebound in M&A, which reached a record high = of nearly $5 trillion in overall deal value, according to our <b><a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouvf4I4Jtxp6bkn89inIWooA= -3D-3D_33M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQ= lG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdr= c8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluI= F4KJcm5Vd4DxZTFLJOlyvcBhdJf-2FBl-2FBWgqyORpuA9NjLV7vnLYUbdEfBXSc1KxsNofqJ5U= 4ZXoYsUKhqixzf77tNDVboWqM420oYQhrkp63lvtjEesXnWVqNj5BO2DgZqdheRR6Rs-2Bm5F4F= X2i0eE8tg4p5Zvulm4zdbyHHozd6WLbf0ExVc6nOuT3iyrOKm3ptdNY2uA36N5mY9ndk-2Fn-2B= F8gY90F8vAB9k4SMw5IMs-2FYNRrPTgjyPwnGZY9FHms7aEoRXDuXakkVhnLoZY-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">2025 Annual Global M&= A Report</a></b>.<br><br> Dealmakers clinched $4.93 trillion in M&= A, with about 57% of the total stemming from pacts valued at $1 billion or = more=E2=80=94the highest share since 2015.<br><br> And the biggest of the big=E2=80=94those exc= eeding $5 billion=E2=80=94saw 122 such transactions, compared to 76 in 2024= and 74 in 2023. Total deal value for this category reached $1.58 trillion,= marking a decade high.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouBoUjgiS= 1zyZ1gpfIJKFO-2BA-3D-3D4uRu_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm= -2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hk= jX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GP= OViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzOmGsCY2rBwZpgN8a1tiMtrTpyfSmjebVETnrf0= c5xbdUpXUJbwg1-2FomPieq3qBcqHNeeZuUzwrOf5MY0I-2F-2F9eZHw6F5OzZPgx83Fr4gupXP= T5n255FJalfOE8lZJIayd8JglvTbQ5yvtS6LR6IAq2WU4DKkVUI7wOHnqALGWkY9g1Ne78hXYh5= rY5-2FZN48-2FMKQAPkeHMLqhRDNDmkfxOga-2FR1jB-2FkxaUFNOaXoCaxK74Dg-2F-2Fq-2BJ= IPDVS7Zjl1Ees-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D= "https://img.pitchbook.com/news/72530.png" style=3D"border: none; width: 10= 0%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Severa= l trends have propelled the proliferation of plus-size deals. Both the Trum= p administration's lighter touch on merger regulation and lower interest ra= tes have encouraged a wave of large consolidations.<br><br> "With the environment warming up a bit, thos= e mega-deals are becoming more attainable," said Suni Sreepada, a partner i= n Ropes & Gray's M&A group.<br><br> Under the Trump administration, the FTC and = the Justice Department have shown greater willingness to address antitrust = concerns through remedies rather than forcing breakups=E2=80=94a noticeable= shift from the Biden era.<br><br> Strategic buyers also seized the opportunity= to snap up attractive assets to maintain a competitive edge, protect margi= ns and adapt to industry shifts.<br><br> Corporate M&A involving a strategic buye= r rose to $2.73 trillion in 2025, representing nearly 60% of total deal val= ue, up about three basis points from 2024.<br><br> In contrast to the massive uptick in mega-de= als, momentum has yet to build for transactions valued at $1 billion or les= s. This segment accounted for a shrinking share of total deal value in 2025= , creating pressure for investors seeking to deploy capital and find exits = in the smaller end of the market.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouBoUjgiS1zyZ1gpfIJKFO-2BA-3D= -3Dm0NC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= RK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3= U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8m= tmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4K= Jcm5Vd4DxZTFLJOlzgpaXyuwZgflVcowGEqaIb7-2B1ldkIqE-2FU14KxYAltyha1DnrD3wWOCe= rtHnjwn37IMGJysl0KPjek8n3nsYJBwlX6CpJuks-2F-2Bs-2BkcTL3bWRvOnHClljquaXl-2Bj= YrZW3dPlJbaTs6juZjujfp3ZmGszWLNuRIQL7XxN-2BZtYBZt3HGafpLPbUpx1a86GK7PgLQwcP= NY-2FXaAQTl5uGOkg0xIODMu2lBeUZZ1WCjDL69zsj8YiTJv1CBIqwprsjTSzzzE-3D" style= =3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-decoratio= n: none; color: black; padding-left: 3px" target=3D"_blank" universal=3D"tr= ue">Download the report<img height=3D"24" src=3D"https://fonts.pitchbook.co= m/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-left:= 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated article</i>: <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7ti= LmOKHTuouDFQsij1-2FF-2FqAgqVT4BGKpQ-3D-3Dy1pL_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xd= nzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1q= q2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ7= 9on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlztsw-2FC57dvheFmMapBq= 3agKqTytWrOJD9TYapodyQkC49FKDWjI5DR19CyLoJqet-2BV7EVBcvWmO4nZPfn1HWdnzFTaEd= GYkKzYcxZzW2179gKmXarfvqiL0WEJCfF1q1cyYVszxELwFxAhEb0YY8aQLiJ5CdAayXq04fhnB= yXXBS4RAty15kBuDNEZ50bG2bzDbgILuryL0bNZdcZAxMhiie8VexGgYm7HndMfasIjjqCm8Pnk= 8mkHg6M5mctPa0Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= The startup-on-startup M&A spree is not slowing down</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>ServiceNow's stock faltered last week as consumption-based AI pricin= g</b> proves more challenging than expected. Read our analyst note on the <= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouCu2lxueiBP6va= zA9Ll28BQ-3D-3DW3nI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA= 6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjk= WMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7= RnWxZKluIF4KJcm5Vd4DxZTFLJOlzujV0rAS95UrpX5BXqCMop3iBOP3AMWrffccCWEhW6ZX1ZN= cpjAe9kVch8NU9lSqxystiqJ-2BoiM7HIsyRMxc1xLe5xZcWGlLTnw7ITlRoK0qNiQjP3VX8Thc= vtrOIgVPeke2pBMM1balkSAhNPCuIyAwT-2FDpHyRpZ2Khg45Ts3IQHnHngG-2B4nkAq14ymFJp= D5FzT5FIqovrj76AaGvP7IHvp67ipxJSLbUCvtR7luS1nalwVV4oNPP4gDlPVCcVZc-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>AI clash in enterpris= e SaaS</b></a>.<br><br> =E2=80=A2 <b>Overall VC funding in Europe he= ld firm last year</b>, but dealmaking remained concentrated in a small numb= er of late-stage transactions=E2=80=94raising questions about the market's = resilience. See our <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiL= mOKHTuou-2BpuIbHIkzpv3YHrqxjoypQ-3D-3DOCwB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzL= FdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2v= yGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on= 7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlyQekopToVbbxAESDKZrFoXoC= Hon28BuuBxjTegyAd7zbem3iY4U6ku2zU-2BlgntkrXkBIWStsu7xbLlGS3vNMr-2B0HsFUT8qV= maqjG6zvF-2FryutyCq-2Fb91JPxAuLCKzcOuK5tLK9SodiNrWRvETRdZVclqeASqKip9djVCfQ= oZz3iNU91qfZlAzRpwH1Ig5PzidNkCNhr1Rdz3Xt-2BDdh3JJi1PlMNobNcQ2gMStB-2Fmatf2q= 7ejq-2FfhWtj2D5gZItJhk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true"><b>2025 Annual European Venture Report</b></a>.<br><br> =E2=80=A2 <b>The sponsored loan market in Eu= rope was driven by refinancings</b> in 2025, but M&A deal flow came a v= ery close second place. <a href=3D"https://url6380.news.pitchbook.com/uni/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw= 7tiLmOKHTuoublnXLTbzI3qmWt3l-2BESFwg-3D-3Dowy5_Pr966knuaHmaw6c7pKvB-2BCEiDn= j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8x= dnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1= qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ= 79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzgR392EdjJdvppyNSeB2= GjyvdEjedt2IXeqtvMWqkYB60-2BF4iTOuEx82ysZLcyyq2P99SfatIsykTS3EHAM7gf6e-2BoC= xy82HvjETMWZuvJ3CLHqioKTCtGfv-2Bl8l-2FhKBccq8jAGTi5KGWZy6P-2FTjoh-2Fz8EH4CK= ovPjPJGrMWHbvVWO4w5ZzDfg8clpmPxkx9B3Bx7prL4nD0jWoe-2BPRTYdXY2UCBww6FzblXKJt= KEBtQhIDtHTsbKp5eivHOux0JQ-3D" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true"><b>Read more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_577185" id=3D"n_577185" 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;"> Carlyle AlpInvest backs $500M = continuation fund for Littlejohn & Co. </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouxlMIq8M= O1ii9jHQkrIZVtA-3D-3DZXUL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2= BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX= 6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOV= iyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlz3BBlIxXc-2BV4dsF0hycpLUTj944gPW-2BAWyCAa= iQM60QPwexYlYAznEah0cH62Kgvx2rcB6uk0eLfS6yRBCwWvZ7SWsQScVJVwGhoL-2BYkdFyo45= gByM-2Bsf94szkJeaNAzAMVUx3f110Yv2k3OP-2Bj9owquoTZFzrvYvIvPCb9h20tyigPEOSdR3= 7ChMjsd3MPxlQtGJo-2FHjb-2Fq-2BLtwKJpL8tImISST4ZxQqM9rrQDg2NhSXMo-2B-2FyN7ek= gi-2FxI9VIC-2F0-3D" universal=3D"true"> <img align=3D"middle" alt=3D"" src= =3D"https://img.pitchbook.com/news/72529.jpg" style=3D"border: none; width:= 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">Window washers f= rom Valcourt Building Services clean an office building in Washington, DC. = (Melina Mara/Getty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Jessica Hamlin, Senior Funds Columnist</i><br><br> Secondary investor=E2=80=AFCarlyle AlpInvest= =E2=80=AFis leading a deal to help=E2=80=AFLittlejohn & Co.=E2=80=AFext= end its hold of two strong-performing businesses.<br><br> Greenwich, CT-based Littlejohn, a PE and spe= cial situations firm with $8 billion under management, is raising around $5= 00 million for a continuation fund to buy=E2=80=AFValcourt Business Service= s, a New Jersey-based provider of window cleaning, pressure washing, and bu= ilding repair services, as well as building remodeling business=E2=80=AFGre= at Day Improvements, out of older funds under its own management, according= to people familiar with the matter.<br><br> The companies are being transferred into the= new vehicle at a price representing a premium to their net asset value. Li= ttlejohn is also looking to raise an additional $300 million to buy more ow= nership stakes in Valcourt from existing shareholders, the people said.<br>= <br> Carlyle AlpInvest's relationship with Little= john and Valcourt=E2=80=AFcreates a conflict that has to be carefully manag= ed, PitchBook has reported.<br><br> As well as being the lead investor in the co= ntinuation fund, the Carlyle Group affiliate, through its primary investing= arm, is one of the largest LPs in Littlejohn Fund VI, the vehicle that hol= ds Valcourt. AlpInvest also sits on the fund's Limited Partner Advisory Com= mittee, which is responsible for managing conflicts of interest in transact= ions like this one.<br><br> To guard against these conflicts, the GP is = responsible for hiring an adviser to conduct a third-party process and sell= to the highest bidder. Littlejohn hired Campbell Lutyens to run the proces= s, according to the people who spoke with PitchBook under the condition of = anonymity.<br><br> AlpInvest also plans to recuse itself from t= he mandatory LPAC vote required to waive any apparent conflicts of interest= in the deal, the people said. This is in line with guidance from the Insti= tutional Limited Partnership Association, a trade group for institutional i= nvestors.<br><br> Scenarios where one firm is both an LP in a = fund and a secondary investor looking to buy an asset from that fund are in= creasing as more primary buyers look to play in the secondary market. They = are positioning themselves to take advantage of the=E2=80=AFrapid rise of c= ontinuation funds, which let private equity managers buy more time for comp= anies they can't or don't want to sell.</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> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouxlMIq8MO1ii9jHQkrIZVtA-3D-3= D202t_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK= 4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7= EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtm= igINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJc= m5Vd4DxZTFLJOlzLNKLE1xjxKXN2r7TO1mDm983ReA6mFMhR9kWR145lvARVxQJuXuCkd8Yr5sf= uo1hKk5kgPQPoV-2F9KIFdEzROky4pF2AVE-2BVsO392WrT60H7vyngx3a71D9-2F4yzZ4WKfHE= D-2FodWPw-2BQEoUxJBLoGKMrl-2FHr5ScoNbsb-2FJJVQRETb0DG69hR7MWelbYciMqeY9ix5g= lvk1cRlPAXd46xnB-2FzUTNXFrqfSFokO05iv8EQ59yvXNteR0KMQJEH6XEr7c-3D" style=3D= "font-family: Roboto, Arial, sans-serif; font-size: 18px; text-decoration: = none; color: black; padding-left: 3px" target=3D"_blank" universal=3D"true"= >Share this story<img height=3D"24" src=3D"https://fonts.pitchbook.com/news= letter/arrow-right.png" style=3D"vertical-align: middle; margin-left: 8px;"= width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLm= OKHTuourK221tU1IIX3Ql5uZ6LCMA-3D-3D1y9M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY= L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdo= ysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGw= YBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7Zx= iUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlyohLcW9p6Smlyi7U8-2F6Iz0fU0= T7n3HPSIX5iKiUXw1l3BQsHPBKb6Duzs6ACZOfOB3VsYaPncu0s3GZ2gavTik8afUkzGTk-2B2r= PEERFd11-2F70Yc7qEiKdJbgmQZ47rvQUIt3-2FMrRMGIAi7xbuSNOBjk8k5da07vPbHjySlJD8= XGNf0QxNn9F8sCcKjSp69sG9G97iK2Q4RfVQoXjJdiSNgndHdllE0I-2FoYuO5Y3ZaUJ1xGzRs-= 2F2-2Bk7w3UA5Eiz1kI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">Fund-of-funds doing secondaries adds conflict on top of conflict</a></b= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>What will Kevin Warsh=E2=80=99s= Fed look like? </b> The nominee was an inflation hawk until he wasn=E2=80= =99t. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1YDyHW5r126DxANQ88UXIF1Ngp2FTCLF= ARJN6ODWXfQ-3D-3DyciP_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqh= jA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6b= jkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfP= d7RnWxZKluIF4KJcm5Vd4DxZTFLJOlz9bjoDy-2BUjYcyCjXadE9G7fMDDcqPNIdnH9QxXywMko= sgPwX0ybtyh2Bau6HwoKADzVOhaTaVXVz4nGCXAiLh5iDcju6bZdDZlWHTAtQ6PiWLe4joz5w4b= YdTTZbplW4e7SvSXUd6MUpjF03JMRbHZfO7ghhROs-2BP4zrH35Pi6PMIU2q5xAS2gpoUQLk1xO= 0-2BLs4HlZFC8OziVFa54m-2BD418YQ0Sht9auIRLw6G-2FAUc4jXBaZIG8giCbb-2BGXDhoCc-= 3D" style=3D"color: #1D5080;" test=3D"">The Economist</a>]<br><br> =E2=80=A2 <b>Leading music labels have signe= d AI deals with tech companies</b> in the hope of creating new revenue stre= ams and reducing slop. Artists are worried. [<a href=3D"https://url6380.new= s.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzV1YDyHW5r126DxANQ88UXIFkGtarYMLynJ30SC8m-2BzRg-3D-3DpfDy_Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3f= KL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEk= ylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRh= SmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOly9Cjr= AoeZs8xUrVjEHlSa2qK7HuO7aq-2BgmmJNJEuzjd-2BgmjqCN7VS-2FRkk7L0lEH8wCDosbsIMv= gMrIR8V0sgJ82tIRIbpIXpSOkPHLlSYZynIgeUpHOHBIpkTW5SN5Ekw-2Fkn7HHj4teCeyvbVsW= aDGt2yuvyt-2F4RUrmNSHWSgOcIHgcyNwqxAhblIwy31OWSA1ulKJ9EVTSZ9trEiGXVGyUdnhKk= Jlh-2Fr-2FJ-2FbOwLWCyK5K9RGaOVfmvqLZKaV-2FqlI-3D" style=3D"color: #1D5080;"= test=3D"">Financial Times</a>]<br><br> =E2=80=A2 <b>In 1793, venture capital financ= ed a cotton mill</b>. The ways VC has funded key technologies over the year= s still apply today. [<a href=3D"https://url6380.news.pitchbook.com/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1YDyHW5r126DxANQ8= 8UXIs0QV3gokthhqTNCQ-2FThjKg-3D-3DdJm8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL= 0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoy= sYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwY= Bc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7Zxi= Ui111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxgLYacYat5GRRlvVvtuQu0KfJ8Yp= -2Fo1w0P5kcI1QhXHdBTpQlFdasBws3xB-2BNR6-2F79pIIc-2BBEwF-2B9kHzBhaRiWcfMfmGp= YmvdoQqO1WTIrFlrOupb5DqfXsRtpepkK0XCY-2FoTuOYcxhGbqtbFITxFTnIpPNBEGByc-2Fh7= TX3RJyUkSj-2BZqcGBU9YUd15Jf-2BjpO-2BtH1OvydaIx2Rf8Cemzis4xUg2RJRuzlQ-2BKW-2= Fov6HWkJPi3-2BgrMte7PKMq20SMXw-3D" style=3D"color: #1D5080;" test=3D"">Barr= on'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"> </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-2BaqM7ONnvsnswouzV1YDyHW5r126DxANQ88UXI0JQlC9tGK3HycdJn9foWxg-3D-3DAWD= q_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCd= xp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP= -2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigIN= PxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd= 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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;"> 224 </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;"> 639 </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;"> 275 </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;"> 18 </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;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzV1YDyHW5r126DxANQ88UXI7P595OBjbHpFFce5Ccvkiw-3D-3DR7C= X_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCd= xp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP= -2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigIN= PxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd= 4DxZTFLJOlyEz4ybIvUjLkyVLJvWSL2e9okqEzbMfDZSb3h5Gsc5dXfW7Rs4C31vbMJ0ERMpE-2= F-2FDsFLj92EtS4cAk7Qc7ZfofuxdqQQpfwDkEI5daGkUKpKbCJ41e9yimQttB2DQxz8S8BeVA3= 3U-2BAOMgevNla1hK3-2Fmptl-2BIDYz08X4sH204NpfJteZpKwvVCUPykaXbmr2ktIP5R3m4YY= nhUiEdwR4W8KhVlZXfBAi4TO33soSPumSAEVvRv3kKj9wG0DVdMQ-3D" target=3D"_blank" = style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px;"> R= equest a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </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_577167" id=3D"n_577167" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2016 Nort= h American VC Funds </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table cellpadding=3D"0" cellspacing=3D"0" lang= =3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: = 10px; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Median IRR</td> </tr> <tr> <td style=3D"padding: 0 0 20px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 66.54088050314465%; mi= n-width: 66.54088050314465%; max-width: 66.54088050314465%; 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">15.87%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">23.85%</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;"> 0.83x </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= swouzV1YDyHW5r126DxANQ88UXIGrOao1BQw996w0HRG5p7nA-3D-3DcVG0_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL= 6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkyl= JhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSm= eTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxkW2QVl= ywiyTv-2B4VrIevEuWl6aXcj5QSeFlbZa-2FDNQ4VIS2lIg2Tn3b3na0c9pSGdbdz3pJius5RFK= ObS0WVrXRHLHfdnccZpCgJljCqpIF3QsH8nzSmEL5iJDja723h7paW0WNpkhPS3HzmvkTzGYKyX= AW9h6Fp6SrjOqCKGK1E8r-2BKnbW2IRx4o8q6jDRRsjgG0H0dKdYF1s4JAKgo9llnjGdo-2FPNV= NB0kwpXukvBL8ggMZEJcPtzqsoeahE-2BpY-3D" style=3D"font-size: 14px; line-heig= ht: 24px; color: #1D5080;" universal=3D"true">7Wire Ventures Fund </a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzV1YDyHW5r126DxANQ88UXIeodAS6TOgFFuoBolSgdJxg-3D-3DVko3_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL= 6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkyl= JhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSm= eTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwuVZIzB= Gpq2x33Vppxbc8N1HMAglCKbgcpQDeu5sPHtYIDbHuvAwk-2BvNlOXJKLNXmVIAZus6znfOg3ei= GiJ16bOVeWg9HAVzKqif9T-2Bh8o2X5NFUI9-2FgfyFDEiGYU-2FnOTdKru-2F8ajEbLw-2Bb-2= FC9wqCIQDKMbBnPB-2B18mBX8CYd9LmXSGXpz4tKtOQqp-2BMfp9gaKafg1FA9ujC2VtYLYUlFq= p4Rjxkc8P3KZS-2BzCaLw0e73F-2BM2m6vgOlDjNH-2Fq-2FcUs-3D" style=3D"font-size:= 14px; line-height: 24px; color: #1D5080;" universal=3D"true">USV 2016 </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= swouzV1YDyHW5r126DxANQ88UXId9-2B-2FQema8BL7uS-2Bhacmhkw-3D-3Dy_HX_Pr966knua= Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyP= uZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm= 8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7Qj= BXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlw= tb7taf6fJIRWAlyp9D04cH-2B8V16RJkrjq-2B6gHr-2B9mC6PERJeInRyR7y1QBnh1rxVz4ZLo= u1Rz0gJ-2FDz9KGeQPEXXD-2BiASE6dRvRuDoV22V6vd4az-2BGUpZE1PmGrmGNsULc47QLM2ew= 0VpbbiiNRIYY1g64RX7OucwZ7IstFqWYH8BFnyIeHjBCnseUv-2BGP60Ig7ftUVHTSyioTJcbra= 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</tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0Ud0-2FbF81MybmEV0DDo1vBczQ-3D-3= DlsLQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK= 4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7= EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtm= igINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJc= m5Vd4DxZTFLJOlwl41zDMnGUdKen7yeVSCg4Gt9EnxLFGl1UFuiCwY0nZsrpE3ykFrY4JAOGgk3= 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<tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><b><a test style=3D"c= olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0U= dDyw-2FzpD0grhOTANPW3-2F2Hw-3D-3DoaGy_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0= YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoys= YFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYB= c6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiU= i111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzJomovCcHlodfgRh-2BOyeGokf7qX= MP1YhC7-2FLLDz6Bt-2FMZtheefz65kkEa3juFt3xv-2FNr66-2FOg8LK9ndWuE4DSa4f07ocio= 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PVJEYFtNmHUwCWoMAMo1MAo9tMzt32SWz5NLa4LDkLUgwxUI35udsmj9GZMHp3cH-2BY7YBJs4a= Yzciqw9teefKd5-2FoAGLaXzGDk5ongDNUJ0-3D" universal=3D"true">Eclipse</a> and= <a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVtJO= yPMjUXbt-2B8hzCRb0Ud-2BpUdQPkG61nMbTt5SSLk6w-3D-3DAqLn_Pr966knuaHmaw6c7pKvB= -2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vS= gI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWju= H2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAAN= NSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOly2c1S4sP7xb2= rvdB2GXD5-2Fjnn8yR-2B1B-2BxH7gCnMRv4V9tD-2B9YLpp6SJXFYfbjsmtqmPk2XYVCHJ8QX1= BMkiIU2Qjn8n5LiaGn63b7he5GsgnvOGpHmh65DOa3LJBrCBdhC5fh9kTU8P2WzUQthHep8VaPR= XTCBqcpAqR0wLsI0XchFgxxviMdbIDz2BFfRQysJ-2BW2-2Fw43uPgRSRnPtPyEEkTLgyFgEPDP= KN55osKdud5i7EvmQyNV2n6C3Xo5ioXs-3D" universal=3D"true">1789 Capital</a>. <= br><br> Phoenix-based <b>Breakthru Medicine</b>, a b= iotech startup focused on cancer therapeutics, emerged from stealth and rai= sed a $60 million Series A from <a test style=3D"color: #1D5080;" href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0Udau84Eemxwe0mDkRRKF1Ovg-3= D-3DiI4f_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N= VRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG= 3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8= mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4= KJcm5Vd4DxZTFLJOlwBx4Xa8P5qpiUQRD7j3SNwqTqdTqNDgaTdm620bH6RdZgjff1W2Rl17h5r= gc-2FaKGyewiBO44pifboMCaH2amWHoB3iseY21kZLenZpjYcat9B4rKlOMc6rPYVxIfAyAxNL5= 0XGKVfPGgSLdsEOTLiaE-2Ft59mGoH8-2FfqJ0mNVaJq1b06jjRqg8Xcfe6xgdTcGlW5i-2F6MT= E-2FWot8n3DJqg5gs6NIysPMEGbF79xN-2FahAHzLHKdw2KwWVe0eyve1UYus-3D" universal= =3D"true">Fred Eshelman</a>, <a test style=3D"color: #1D5080;" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0UdQSCGaBg2hIykhmahAs81oQ-3D-3= DLNcW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK= 4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7= EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtm= igINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJc= m5Vd4DxZTFLJOlzFY2IkXy8l4-2FZ5S8xR2UgMQKEE7uGBPHPQBQj0RxMry9VhwZqgOtm8xYPrD= UtE6uyXqY-2B16v3Xlv-2BgXXaMmt89-2FHrods1MvacVc9wFGQbVtq8Yw8-2BS8GdKNkMoSj9K= yOMdCE4FZz1LEFMN-2FStLua3IEx-2B3j3YyvTgH1YgEORDgX1Dt4VNrDNHCMiP4iNZB28n4jDn= 2F5v81Y4BghFJfnrwY-2BUosN0zbbH2KQ2NdBSWHOk1AZIlmu-2FX8xhWZfWFS00-3D" univer= sal=3D"true">Mark Gergen</a> and others. <br><br><b><a test style=3D"color:= #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0Udquo6= Txqo5lof1ML99b3M7g-3D-3DbKQ7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4= BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpX= m-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8h= kjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8G= POViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwR4JEnkijR3o0PLr0DvYg1NJ4xXoKvrdo5iQht= O3B6CMcRzqkjY97VnCB-2Fk5WEUFll4l-2Bg5m2B2qvvnCJBOQhBVXfxbhlV5zy6LsJkNAuiYxv= E-2F-2BexJ0PiMzc-2Fc4m7w-2BpnWQtRj6ASaN2wdZmR2N4s3QsZLgCDz-2Bbjxh42tfkTVbjb= Ti31tZvudnDQTTLrNMYGjqXvY4y3nKvCYsKHWoOcARlN-2BqX8LT3GbUv-2BU6TRoFL2qxKTHON= yxybijoUnjVQ-3D" universal=3D"true">Poetiq</a></b>, a startup building AI r= easoning systems to help models improve themselves, raised $45.8 million in= seed funding from investors including <a test style=3D"color: #1D5080;" hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3xR28jky-2Fz9i0cX79A= nc-2BhA-3D-3DeaHJ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6f= Dy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWM= LFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7Rn= WxZKluIF4KJcm5Vd4DxZTFLJOlx2sA2NwuhIq24OzaU0dTS7895L7FNEuFqcO8iuQMtiJqaahJA= wHQ-2BalqTR5N10oxFsERtKGG6zqrCRieY-2By-2FwdIJY-2FmU4NFX5xwj4-2Fxb4W8-2BTblf= 6oV8-2FdVZT4Kh4xM2llLmCBPhd5M2gTmLltZvGHaRbrd4MoUsK25QqMXg4ne9IO3G19XRdWP66= v02VfDbIgXzS4StcbwWQOHDKzUiKIHeIQm5WKTqDhQi5hZp2q7arWJOT63WUaArWt3c8v5xk-3D= " universal=3D"true">Y Combinator</a>, <a test style=3D"color: #1D5080;" hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d39zPq4Mkb1juqhmqtbEP= 9kg-3D-3DHAbO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6N= LxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFce= Wdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZK= luIF4KJcm5Vd4DxZTFLJOlwD-2B6NidmKJZ6Eil8lUe35n6y27kGchOy-2BUQ16gInmwRPICfel= dOxvP0yfppLfiRHDRRtLeSuWXGNDzVQifrJKxF-2BfnHGY1f00ssF7KRa2p-2BH9678tpulCRTJ= 899mTitcIcetR-2Bz7s0hmOthbEcVEhEuLT8d3lP3tcdiMpzJk-2BNcpHJ2Lfmst7ru1IB1YwoW= dUAwLgusaeZ6oOeauG6UOEkMz84kfaph5jX2xEuEBIl-2B9lsdsLHcJDwv26SVGw2Ccs-3D" un= iversal=3D"true">NeuronVC</a> and <a test style=3D"color: #1D5080;" href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3G3iWUlTsdyyoAYi8CKuPhA-3= D-3D5NdO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N= VRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG= 3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8= mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4= KJcm5Vd4DxZTFLJOlyDexLLzqGkU7z9-2FSJjdkTLJQyZtRM9kJJCBy5Xo-2BNHj-2BMIuJGsro= 61hZOBzxN8ih-2FUQDMFQZOohzcl-2Bn-2FhiN91qFcRRV-2BV-2BINsZs5LcgtQJziVZph8sqe= jR01LBbbJUPKAAwpNhIxLjjmRx8U8dLN3xW216SWiAhPPqGriq1elCOWn-2BSaUsq490wWmONWT= HeGJE-2BWuCXXhIfrGqLaAl4h-2F3JawIzspTbo74GyewGgjdfyAtIoY5fHa8GbLeqWpDvg-3D"= universal=3D"true">468 Capital</a>. <br><br><b><a test style=3D"color: #1D= 5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3vI1a99IkeX= eHZHBI2sZbsw-3D-3DbcKT_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4= 3kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOq= hjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6= bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyf= Pd7RnWxZKluIF4KJcm5Vd4DxZTFLJOly9KcmOkXa-2BP2iXJFVFrE3ieeWCErfdnV-2FsQdyFPx= nY3DWjZ2AirzGfPOhQ2KSHSUH0CsMHqMb2YlCAVcacYFqoDUvIycPEhTfhwqxt9iSXXoLkkYz-2= FMO-2FfCktJxlAQvF9XtD0fxzQrOP7-2FOyNC1ltXmBN8QAtkH0WGL635OmG7Px-2FoAzPN4VSn= 8CIfjC1siim9au8pe43ty4zgDv409kPcSxkCkzq2IcR1rRgzTYpcWM9D84VzlrUke5z-2BwlN7W= 04-3D" universal=3D"true">Talos</a></b>, a crypto trading infrastructure st= artup based in New York, raised a $45 million Series B extension from <a te= st style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHj= VBjjbl56q2d3p3VVWCQFp2jLDZkfYQe4yg-3D-3DbGav_Pr966knuaHmaw6c7pKvB-2BCEiDnj5= UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdn= zLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq= 2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79= on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzn64ygmqp7ngpr5M04mVhr= 6cPeJFjEGOazy6hbdYICYXJJBCOVbAWNlb84oFF0zKcFgHi5nDRoe6PYHGJ2auDebtXNVx66XaH= MyDCCNoEFAURCKl-2BJRWBMBrdI-2B5gpHn-2FHFTb98EvvXGb4Qh-2FRpAwP1jHzpuc1LB188D= Ivala5frOCy8uwqL3ixhIzBySDW1eyP-2FTT2dwLq49G-2BIK2iSXr790cq3e9jwBva0SYi8gwi= 2Wj9PvF2JJnYWSRtaQV4is-3D" universal=3D"true">Sony Innovation Fund</a>, <a = test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVT= HjVBjjbl56q2d3p2SLb-2Bx6bllSLP-2FapYIxrA-3D-3DGJYc_Pr966knuaHmaw6c7pKvB-2BC= EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5b= My8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB= 9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrO= JQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlx3qcDPqo0E6lBWUC= gdDLr4-2FisFjkwig7EOfcs36aRGCXGF-2F0tFLLXye7EvGWjvTv9nE8oTQz1E6S8cMMnNzvsMi= qJWLsmZW6mSt2pmCKk6V8O8z3-2BPp-2BVPCnwb7aFP4Eg-2BTVlZrEPEQTOS2GaIF3f2zEykMX= 6nxBioegQyHudKPQ4t2RKVkBlZTblPEhsEsIASnIlExQbmp9g6PGNAaMqcAg6c7hb2oIqno1-2B= 7DDuX94F0CwHp1rG5zvLSVBNCio0-3D" universal=3D"true">Andreessen Horowitz</a>= , <a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.= com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA= 1JhVTHjVBjjbl56q2d3hgRFjj-2BsqS8fZLfjPArfmg-3D-3D1T2X_Pr966knuaHmaw6c7pKvB-= 2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSg= I5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH= 2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANN= SrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzgbECGjtCp7U7= ZbdJQdzRdlOOKhXAZwoxub2ZR2dMYvMBV9rotVQnyBYKzfkqjh3F4GYJCUzY87Q8NpRQrapT05C= k9ZPDu-2Fkfv440YY2u4vM0FztgtVDboOQjgwaE8ozria1xxSgagJPidtLK-2BabCWz9SpSl463= KYcXVRPa4jj6GET-2BE8V17LS7Rc9Of-2F-2Fm7e3Zm9oLAEi6udccIzVg1b-2BBaGtmIH-2FTZ= bJab2uTt0vv52dlfJYfaGGKzjHhYXyHvk-3D" universal=3D"true">Robinhood</a> and = others. <br><br> Chicago-based <b><a test style=3D"color: #1D= 5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3dEuqfn5fiv= 6rPD-2BQMZt4Qw-3D-3D2ox5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV= I43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2B= OqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6= l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOVi= yfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxmARg2WuTFwCV0k-2FlpQGvvtTqspdr-2B-2Fym2Lw= YxOSskBhYDjjWvKFObkdoGHWcPme3RV25805WafM6RosRM6tu8o5gmWK64eJcm0QdMaoNGS4AOT= cQlZJYLSdGdfNqR1Hw63TIGiK6g8Ayi-2BH6g0KvUClHnjD1HUi-2Fsc-2BWNwYl3SZyJCEn5xH= yfUnrhs4ROyENZWLI8TZEO8xBbZBWzFIZBYWGlMTdZHUghMcnUy1Lo4XyLe5BoNBIc2gj4K4fgK= IY-3D" universal=3D"true">Prenosis</a></b>, a biotech company focused on cl= inical diagnosis, raised a $20 million Series A led by <a test style=3D"col= or: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= 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</table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2FcjL9KyToouahJmTBxAitXhXEnYbg= DNJA-3D-3DU7wr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8= UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6= NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFc= 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Street Advisors</a> partnered with <a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= q0DA678kft-2FcjL9KyToouePHVIqLXwuRwZ-2FwTo65Q6w-3D-3D44Hh_Pr966knuaHmaw6c7p= KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U= 0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJh= WjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeT= AANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxcHJOp1QV= c9RFHxwkqCl-2F54QzcSR39iVX1ACZFBCl-2F0Oq2CydR7U0oEA4h7rxodJ-2FVGly0c43jWQzV= cb2vJAdemYsZ1a9HvLhNEiD3JmkFlR9WmbXG0Tj9h4DTBbUjH0u9NvuL-2Fn5MEXtkqNG6r2Xa3= FsKWvp0FgZUClRQfMSEQBqFykLWzbcbyvmikBX9ARAGTUgXs0jcGjcdz6jsqYDtXI-2BrKziHJ0= 967ZPqKtTVHF6Esz1k7poXnXwuF-2FU86Bo-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true">IKON Capital</a> in a $50 million consortium deal to ac= quire France-based MotoGP racing team <b><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzXq0DA678kft-2FcjL9KyToougZEWkYAMLFr9wHo8EsbKRA-3D-3DTN5A_Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3f= KL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEk= ylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRh= SmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxi7lv= 4R-2BDWbv3r7pXFGnTqnIfTfIdB1pPGrObU7CruLTx5eCtCcT7XV-2FwMmuqlnM1SMtvR4cO2Dk= TugGOr36Zvo3gJvJqP28h4NneLK7Nbhw8OxclJgP1KFzZxMW9abQ00g10JLhkfOu5xC3EVjOObk= tBTGbbvBb3-2F8hdqxe4D1G9AkJH2RPwtPUsHT1Ye5VJzL43ytOyPLIQUBo9k-2BJz7QXrSbfJN= EPy-2BMdNuk0DMPuWsjE9x7vY9q-2BEOUSoimXA-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">Red Bull KTM Tech3</a></b>.<br><br><a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2FcjL9KyToouEYXezWgqplnyCiGA3hNTAA-3D-3= DPPNn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK= 4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7= EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtm= igINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJc= m5Vd4DxZTFLJOlyiHiidJtgkCHGP8-2BnNRGugs5CrX30n8vmO0C9IO4HqVnQiIayol8J9Mh04g= oyRuiCqs-2BCHzXbOxJfagew-2BYIQzKkf3HFaO9VSK-2BsaMEDeyWxzLXPCxySscdpCM4swLhH= apgAR8iC9GJ2sYXixajueSVklHYQYnmedyLh-2FzWiTntGbGKvwZtxvXsDVx-2BPbhiuaEMj6vY= uToyEepgJE-2B2cMNY-2BkaMO3y7pu9OIGxSTDUeKudR33WvT4iplvphLDXSfw-3D" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">Clearlake Capital Group</a> = made a $50 million equity investment in <b><a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzXq0DA678kft-2FcjL9KyToouDNnIogu2lOf7zKd3EG9gNg-3D-3DH9Sc_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ= 3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8X= EkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBX= RhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzJH= lFzSf65yUvDo1-2BQNbZ4SGKhPNeLxdqdIXgEFThC9EDDhbjIg28CLa9q3E46ZxLVCXCAHGz8oY= 7xtnSm1ivnEIHpz1WNxqrP-2BFcB2QtWXVh7tgRqwC-2BT858z1fAQpKHalThsOvHSjUyRxuY3g= FdLysxgFZcdJoQZws1-2FO3VeAzyv6V1TMPfy-2FvoWGFkx-2FZafv5QxdI6haSbulybBYhPc2e= KXmlv3S81X2I-2BqT-2Bq2gd28qfGvYmnahY5gQ4Z5vr8-3D" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Pretium Packaging</a></b> as part of the bott= lemaker's restructuring process.<br><br> Grab-and-go breakfast manufacturer <b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknYFFstM5W8LbHppu1Nljb= Nw-3D-3DGk6t_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY= A68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NL= xQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceW= drc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKl= uIF4KJcm5Vd4DxZTFLJOlx7XlxZUNrqiBVmdYNHMPhJFPxHgSHoMX1xdXGZDLrIJ64yb8lEAO3-= 2BpIdiboGEFbv4H28zCaf3pNTXncOn5uLlYV-2B68sGwcUOAndk7jMBO1UkkBzsTXD26TIF54-2= FRzpb7-2Bp4DmUMLQ86KobK37kIgLveSG2lC27oLMC9kwy5xALZyBqzhS3PgwctUCHxAdYtGDUp= CuM-2BTMZ2rmtnfxp-2ByeVEufy3Ol8gw8pJko2-2BM26ZCNbIhxLkc-2Bbc6Pzq31UbU-3D" s= tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Oats Overnight</a></b= > raised a $45 million growth equity investment from <a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknHRVgp6MXtC4bjlEw4f0aWQ-3D-3DccpG_Pr9= 66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3Qn= AVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrK= gN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEs= RcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZT= FLJOlx3MgYbkU-2Bqe3JgrRkbBQ-2B5-2B6-2Bfjp1DmPdFVwfpVnh6N-2BmoMExrMubgAHVnkA= 09ziP26PDLMT6ypdbm-2B4oH6iwpkgDnH5Qr3Zlr6vLSIfymtGtoagCh8uNmrsgf43C0fJsAOaG= ic5GdWUivE65IY86yRwlfbFjOEkYS5cQUWZueI2C-2BSkT-2FHtKMhoIbKPgkii1ge6OXnjkr3w= uECrfjL-2FzFpn-2FPqDW-2BkEigqjRp49uxdUmT3QnBnbrMoN0L4CiRJwY-3D" style=3D"co= lor: #1D5080;" test=3D"" universal=3D"true">Asto Consumer Partners</a>.<br>= <br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknO2LOgcaMBc= kS33sxicsfhQ-3D-3DPpYt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4= 3kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOq= hjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6= bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyf= Pd7RnWxZKluIF4KJcm5Vd4DxZTFLJOly3wEjbifcdJjqP9UzmcFhFg4OR-2BKLxptTSp2Hc7GZt= CHpJQHHnx-2FGYz1HDClJ538cJI2PlqHIQ4NbLbZQaAfkXkTJIcBFPq9kG-2FFxV5GKLm2TqZdt= NLSoOdypGQCAJaUGV9y7zhibc-2FcWCdvQ6YfbBJdz8LtPaDJSwcIHQ2PcSd8fKxrQbvxsvjaFL= KriniTUhrV9sYPAPB-2BCLJhrmpMblR6KiWhGnepj9T1betJtdJZd5ePcTtrNkuT1zgkktyxA-3= D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Nextalia Investme= nt Management</a> purchased a majority stake in <b><a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIakn15UZjQmS4usV2jNikRijjQ-3D-3DBxns_Pr966= knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAV= kkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN= -2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRc= Q7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFL= JOlzAtJIKHcscor3C0S1-2FSTLSoCbrh4v5h0BXwQF4wBkp1mUyy0wBJdk9PLVs-2FOnLMK3pgO= Bn-2FY9xRBPd92gO7XN6Tu60vSmFbA-2BihUPyOu-2BpB2u7r8I2FzEnm8yIgV7VpBGakXKXyHT= oAlFCI7wBvBEs84fLcHp3xfzM7X8a6fDztQupIvlsLYFA9jO3dHPJYOh0ewGUGQP-2B7s9EGgYD= kCRPVqyCwjS9BygUlxcrz3FZpT5w1OeSD7-2FEjyS6W1ftz3s-3D" style=3D"color: #1D50= 80;" test=3D"" universal=3D"true">Business Changers</a></b>, a Rome-based I= T consultancy.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kB= BeHrIaknWtlT0MsQ8Gi6QukjuWa9zg-3D-3Dml5M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ= YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFd= oysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyG= wYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7Z= xiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzW7dW3eHpOiHearnoYRO8kx6Za= 1n-2FPxX2oNL8Ug9h-2F3y7Hvi86THGYPpi9VT9r-2Fla4yWft0YUNZezP0HAtGp-2BQg4bLsEO= H3HGVQErCy1cWWY6ndUGG2C8b9JhelRU6vLhwIzMRtRPoHeUOgIj-2Fs8C4cNinsMOAiaGRxps8= RmkF6UGDLrrP5COpllK5ogcNoMHr1oefOSsMXwYtte-2FKyF9Eyb0Pi2EKePcP4TaP2LrqVRS2I= S1-2FfnBZNArEnuUgU5o-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue">Avedon Capital Partners</a> invested in <b><a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknfuLjmFP0mZmjFYUFmIXkhQ-3D-3DS3dz_Pr966knu= aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkky= PuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2F= m8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7Q= jBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOl= xsQAY0rjTv4KlccGMJA8Ymx-2FAxUxAf1W1ruQ5PA-2BWohQzRlQ6K-2FYoCu1qQWKgKDYsLAqR= FsnyCIlVmaSBkMAW4EjpWnpMPNA5GMKu4pwhGrOWzwMQhsj-2BF3-2F9xAIMve9TSWPHnjB-2Bg= s9A8DiGO-2Bjd4zKyqYCIJVQuLc3p2kv1SyZVEICLq1ZPgfgFbXR9WGcFTzfrQP0KuCJkUBj7ro= r-2FIJwQ9mG9Lr1T8T7zux0o8NpzuBBHML-2F9cnj9kd1Iz5SU-3D" style=3D"color: #1D5= 080;" test=3D"" universal=3D"true">Eurocircuits</a></b>, a Belgium-based pr= inted circuit board maker.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Portfolio Companies</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknu-2FyBVrrlOVfcrxa= SgFrHBQ-3D-3DkwBa_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6f= Dy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWM= LFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7Rn= WxZKluIF4KJcm5Vd4DxZTFLJOlxsDZquVhGWeKI-2F16DLX9dV0QumguIdSO6iqiZR5nJZuGAqe= J561AkyjRwGwQiHt7Q6Avute8BQMUb6WxuYG-2Bo72GuzQWWxxBhRytTD-2BeiJZuv9nym9n-2F= kbxKBZcJeoNRYXJyGhlmN-2BH-2FCWVsCZMj0eyat9rYukMT8ySFPpg-2BYN7j8c3gj-2F8YAb2= RueMrVGQLuUu-2F07aqDBF75cel2xz2WlxhBWGBN1TJJbri2qRtZ0YadT2Qh1V00Vxucojqzz96= c-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Jupiter Power<= /a></b>, a Texas-based battery storage provider backed by <a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIakn4zF1eoAuzRqNU0Mpd6drGg-3D-3D5Sz= 5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCd= xp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP= -2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigIN= PxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd= 4DxZTFLJOly4Nola6wbAIfC3txOl0tvwySPLf-2FQeW9ZCoqFLRYKfiX2KQxdqMU7waUQnKVfow= m7iYF-2B4WTi9gPT8HrB52eDP8Uc2jPvWmQOnnAWz03WlHWipy1oP29d4FfOUWPFRwWwtNqYZ3E= tC40bu2yyFKryKrqBXV8WP7uq81hWFZOj44bAcTrjthmkHhe0ME02ylGZWv7XssY9gS6v-2Brg7= OfV9pTpo3sz2k-2BR0X548NnrqQ6-2FQ-2FqP-2B4oHNNW6QoFMsfCx8-3D" style=3D"color= : #1D5080;" test=3D"" universal=3D"true">BlackRock</a>'s Diversified Infras= tructure business, secured a $500 million loan to expand its battery energy= storage portfolio.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">German= record label <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIakn= Pt6phPj-2Fcl-2BcTE2umvnnMA-3D-3DHTTC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0Y= QP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysY= FdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc= 6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi= 111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwrmALVhePyqlILc937y6z45QXkptE0= khD8kI6dwTDYzTTVKX5k4nZQHR9G6wMZcTJAyet8c-2B4Mf0oyeZgLH-2BH0n9or1rUcb6NcLzb= nM0xtScOc7pty7i7ebYMicfl4C10yZF26ekGA-2FCmgyi0Q-2F-2FHMgxmhQAAzmdY17QRG5TCL= QcrVycgRNadUvWdTv6cuu-2FOjYG2UCzJsBKC2qcLmdjWhg6jQnO9zEplXY9ZXvCsErR5OksTYN= BhiG3YiShTKLUw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">B= MG Rights Management</a> is considering a cash-and-stock offer for <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknaWKZjb-2BxfOxP10xkoHy= oVQ-3D-3Ds8eM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6N= LxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFce= Wdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZK= 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0Ew67ZAI9yBFxVgPRjQGj4aay-2FPetcZlsMsdfaGbPhuWiFbUlMChmcZzmkL0kW9tQ41yId1Nx= egn9GyBtksV8MKo6sT4zccGOrJ8g4sLG21m6B5oSYcOYbSJcY1oerkHKV72ih-2FHqAQ0rfKbun= ifereDj3nm97D6lnHe3lTfhoItsHq4-3D" style=3D"color: #1D5080;" test=3D"" univ= ersal=3D"true">Concord Music</a></b>. The deal could value the company at $= 7 billion, Bloomberg reported.<br><br><a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzVyi-2FzjWlmdQLHPyzbp7p-2BG7As7X2Hek3068jrO5IHrGQ-3D-3DhGwM_Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fK= L6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEky= lJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhS= meTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlyxK6Vw= -2BRHU-2BA36Xl28issVEpi8Y7eRLDpdWwAi7iWJSOPgqv0a3pvVtkUL6kqaqOwx6hiS4sKv-2F= qNxEDzvbcgqvcuzrwzlqjPHqJTDirTzmiY5TRUZEaZr-2BndGGHk9qENic7Bt6fzu-2F9hYic8Y= RcdcdT7NeD3kc8sVdrMAeviVZFpyMWj7iHSTgN14cQa1-2Bb6NdnChzcjQhevmqiQsPjPnYzNC-= 2Bk7q2UPTnrcF2VC0cZbpuBqDjfkY-2FLX8A8Ir-2Buo-3D" style=3D"color: #1D5080;" = test=3D"" universal=3D"true">Halozyme Therapeutics</a> agreed to purchase d= rug delivery specialist <b><a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2FzjW= lmdQLHPyzbp7p-2BGpPtD9fSUUr5BeSj9FLpyyA-3D-3DXjAG_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bM= y8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9= QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJ= QLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxRdhsrMuQPmc5ItLj= qSOTgNq8SVasNBMqiEKmk85Mq544vRL0SLN42Zr6FZ-2B9uUFpZN9ag9-2FJC6yR-2Bork7-2F-= 2Fbe495wxY08g-2B-2FQJbcR5SW2CFxLX99E-2BSQFqSXP0tRt4hR-2F2M0SWAyscabo0DJxhTx= OABYtn4e7ldfS40ObDFWwXMciFWmi0P34pTGy8cD6JD4mLyhn-2B-2BIy3jXQGgSt-2FUDudpSd= ZbJgyZfK3txJ46u28kW7d6TH6MVHoOnyk8Bkqc4-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">Surf Bio</a></b> for up to $400 million. Surf Bio = received backing from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2FzjWlmdQL= HPyzbp7p-2BGTrR8q3cQuVDoVD9PaRJUGA-3D-3DebQZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5= UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdn= zLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq= 2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79= on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlyAhx6bvZ2s80wMzyxWa5HP= YGKFOgm9ifaOCyFf-2FEyAVk0RiYieVWUS417VBPPE-2B-2BXZt0zZhAXeOprPrl8sIlp4JUdWu= s66ERNA8XxePH6XX-2B6u6l-2FjaR2lIKtXEYtb75CR3i9LaFE3XJe5N-2Bevj-2FMuFdpK9OVn= 9xxev6iByJ0-2FZaB9q8legQvbzBfwLptyqYFtTD3NtefsszcnGbVN6SWRzPauZ6k-2BdiG2Tp-= 2FwXkaD-2FcdDErlobCtyHBo1thkqCiU-3D" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Breakout Ventures</a> and <a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzVyi-2FzjWlmdQLHPyzbp7p-2BGDuK2tD4WqjS4qqu-2BqMHb9g-3D-3D7yXg_Pr966kn= uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkk= yPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2= Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7= QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJO= lxFiE3bvWce77UUl-2FSVVqkZVkTQOpqHIsp6PFr9AEU-2BUSjqdGblnG9Zu6dq0YXHLylsrBfC= lIg-2B0zLkqsT1VsJjaBDj4km4-2FXCJq2Y9L-2FowllUJqqijXfSM2MtOXOcuaJ2-2BgQgsaNw= z314ikNn-2F-2FCOXDCpJ41z0VJz5MXy2qnUGukAS2wmwtODTkgIBa8LyzlN58G8I7J79gjLnAO= uoZNJHI-2F64OI50yPQW0yZFnEJH64gN2c7CIGgNPwGnL4loapw-3D" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">Perceptive Advisors</a>.<br><br><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2FzjWlmdQLHPyzbp7p-2BGvqnLpZxwH3cHVpQnS= 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22px;"><b><a test style=3D"c= olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RTX= rTOgxO6oMgsZDmQnmNIZA-3D-3DqgQv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnV= PpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBb= X8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aH= I8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxpqLpPrI49DqHGB2wNO5MJRvSsQ1-2FtHGi= ooqBeytR2-2FowA9Mw4bYEdvMbQZyKz3fyenrFbNk0pXa7KbwPkbiZtPS8CRmQb07k8qjWNqqPp= tUS-2BJbHFeLSpMNT-2FRU4Vw2E3E20-2FwoK2SPRqIHXSrHE68bn5u-2B0A5LGCSCdTh0tgf-2= BHiHJxcXHrmYo9nwRvYuBaibfibtq4sa3E4J-2Bu34-2F9qBmtNKdOu2-2BQJOl-2FjjqrI-2BD= zQ4d1u3JqcIY8-2FvujhDSU-3D" universal=3D"true"><b>CPE</b></a></b>, a Beijin= g-based PE firm managing $22 billion, plans to open an office in London, Bl= oomberg reported. <br><br><b><a test style=3D"color: #1D5080;" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RTzUqy0CZ6KFyWCcmKS2jhtw-3D-3D5= DrE_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4Q= Cdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZ= lP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmig= INPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5= Vd4DxZTFLJOlzM5GGYK-2BZ0lTMSJJYeIQqkTqJbrvQkoBmXMSLM0QYXaVAj0ZvTbFEOpbIAkUL= Y3GWCeJNupTXj1I-2BYVr23ERNoycaxTOXorz-2BWIo8UuXUaVnFRXI-2FT5J9L8gynyhYjNGXc= E-2BKwgNZqctvT5TJ-2BEL6-2BtfGhkKwAPDl8XdfVhDYtHFzn3dRtQUHfxye7BDG7FicvInQ-2= BYI2atnmaJdF7oMPo-2FHuzSsYXypM9b0VrFFm9eRphn08sSZSmGMlNMADruic-3D" universa= l=3D"true">Schroders</a></b> is in talks with French investment firm <a tes= t style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/= 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