Google

Edit File: 1770034794.M185031P218817.server-619288.prediksijaya.com,S=177471,W=180644:2,a

Envelope-to: vetyl@ponjosonek.com
Delivery-date: Mon, 02 Feb 2026 19:19:54 +0700
Content-Transfer-Encoding: quoted-printable
Content-Type: text/html; charset=utf-8
Date: Mon, 02 Feb 2026 12:19:10 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
Mime-Version: 1.0
Message-ID: <EDYXxzgyRgy8XD_DjD_s1A@geopod-ismtpd-0>
To: vetyl@ponjosonek.com
Subject:    M&A cracks 2021 record

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

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

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

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

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

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

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

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

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

.content {
                padding: 0 5px;
            }

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

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

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

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

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

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

.responsive-img {
                width: 100% !important;
            }
        }
    </style>
 </head>
 <body style=3D"margin: 0 !important; padding: 0 !important;">
 =20
  <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp=
adding=3D"0" border=3D"0" align=3D"center">
   <tbody>
    <tr>
     <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri=
f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span =
style=3D"color: #78766f; font-size: 1px; display: none !important;"> Carlyl=
e AlpInvest helps Littlejohn hold stakes; Europe's female founders step up;=
 VC funding in Europe holds firm </span></td>
    </tr>
   </tbody>
  </table>=20
  <style>
    @font-face {
        font-family: 'Roboto';
        font-style: normal;
        font-weight: 800;
        src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne=
wsletter/Roboto-ExtraBold.ttf') format('truetype');
    }

@font-face {
        font-family: 'Roboto';
        font-style: normal;
        font-weight: 400;
        src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news=
letter/Roboto-Regular.ttf') format('truetype');
    }

@font-face {
        font-family: 'Roboto';
        font-style: normal;
        font-weight: 300;
        src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle=
tter/Roboto-Light.ttf') format('truetype');
    }

@font-face {
        font-family: 'Roboto Serif';
        font-style: normal;
        font-weight: 500;
        src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com=
/newsletter/RobotoSerif-Medium.ttf') format('truetype');
    }

td ul {
        padding-left: 1.8em;
    }

td li {
        position: relative;
        margin-bottom: 0.5em;
    }
</style>
  <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing=
=3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo=
nt-family: Roboto, Arial, sans-serif;">
   <tbody>
    <tr>
     <td align=3D"center">=20
      <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"=
>
      =20
       <tbody>
        <tr>
         <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad=
ding-left:5px; padding-right:5px;">
          <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
           =20
           <tbody>
            <tr>
             <td>
              <table lang=3D"x-header-subscription" style=3D"min-width: 100=
%; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" =
width=3D"100%">
               <tbody>
                <tr>
                 <td class=3D"header-msg" style=3D"padding-top: 20px; paddi=
ng-bottom: 28px;
                                font-family: Roboto, Arial, sans-serif; fon=
t-size: 11px;
                                -webkit-text-size-adjust: 70%; text-size-ad=
just:70%; -ms-text-size-adjust: 70%; text-align: center;">February 2, 2026 =
&nbsp;&nbsp;|&nbsp;&nbsp;&nbsp;<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; color: #1D5080">Read online</a> &nbsp;&nbsp;|&nbsp;&nbsp;=
&nbsp;<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2=
F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZYap3xyjo613CQL5EKIRNY6DZpApxW-2F=
tnBQ7rUuqNohbArjpNQasEdfyU-3DX8s4_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdM=
nVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vu=
BbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111=
aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlyJJyNVWeQgOc-2BlJZzvljSx0SCfimvz-=
2B2Um95blqnoT5lKZu8aBMJwNColfmWmck84rRdeVGDf-2BAes7mh-2B-2BE0m-2BnD-2BR3bMZ=
GqfdPAWMv1hrVhOt1rX5iwy9WtYca9ShGyoNRoun1uf1u5sL-2Bde2rqFUf9WSy4qAU-2B2eT7i=
9mald1Sto5md0mUnVStyY4bl-2FF9iyHC7jkvjVXn6XHKccwbxRJbxgfXEOJS1CSnZt4trqK6l8=
mpUhBZN30UG9sk1KnJI-3D" target=3D"_blank" style=3D"text-decoration: underli=
ne; color: #1D5080">Manage your subscription</a></td>
                </tr>
               </tbody>
              </table></td>
            </tr> =20
            <tr>
             <td style=3D"padding-bottom: 14px; text-align: center;"><a hre=
f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-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&amp;A</span></td>
            </tr>
            <tr>
             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p=
rivate capital markets</span></td>
            </tr>
            <tr>
             <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb=
sp;</td>
            </tr>
           </tbody>
          </table></td>
        </tr>
        <tr>
         <td>
          <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor=
der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im=
portant;">
           <tbody>
            <tr>
             =20
             <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma=
x-width: 460px; padding-left:5px; padding-right:5px;">
              <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"=
0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"=
>
               <tbody>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-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&amp;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&amp;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">&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_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&amp;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&amp;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&amp;=
A Report</a></b>.<br><br>
                               Dealmakers clinched $4.93 trillion in M&amp;=
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"=
>&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">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 &amp; Gray's M&amp;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&amp;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;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated 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&amp;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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>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&amp;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">&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_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 &amp; 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 &amp; 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;=
">&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                        <tr>
                         <td colspan=3D"2" style=3D"padding: 0 20px;">
                          <table class=3D"                " lang=3D"x-news-=
group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
                           <tbody>
                            <tr>
                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
                                                                           =
                                                         border-bottom: 1px=
 solid #C3C3C3;
                                                                           =
                                                 ">
                              <tbody>
                              <tr>
                              <td style=3D"padding: 1px 0 0 0; line-height:=
 0;"></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated 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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>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">&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-2BaqM7ONnvsnswouzV1YDyHW5r126DxANQ88UXI0JQlC9tGK3HycdJn9foWxg-3D-3DAWD=
q_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCd=
xp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP=
-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigIN=
PxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd=
4DxZTFLJOlzy-2FgYi3vXRssi6nqDymLcSPEbUxpDmwXXxb0h-2FETHFvKDAXpiWMPB0txXCwWY=
jqvjqXL-2BU8kA30BiY-2FwidxTR4JuJ-2BOf0oI7OfLiasNbnbt4CL9EcHLOFfwvNHOcuW3xfu=
9ba66ACI1RSUEGt5JdQnBJuS7jhhJb97FvjV2Y5sNsmTRERfG6WkDyGFMV2zz-2FtyB15HtUTMU=
mmsMWWPoA7ukQwaz4IZjvADJ2orDFlcDUyw6uT8XgtJMcYmD2P0nNY-3D"><img width=3D"46=
0" src=3D"https://img.pitchbook.com/ads/ad4466/rsmfebh2.jpg" alt=3D"Ads" st=
yle=3D"padding: 0px; margin: 0px; border: 0px; display: block; width: 100%;=
 height: auto;"></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;">
                              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;">  <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;">&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_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=
-2B90dvEqpVIk0qzvXQaLXMRLS88HMQ5GkyypkgvRTv-2BrQY-3D" style=3D"font-size: 1=
4px; line-height: 24px; color: #1D5080;" universal=3D"true">Cervin Ventures=
 II 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-2BaqM7ONnvsnswouzV1YDyHW5r126DxANQ88UXIMgF-2B=
LjO2W4CzlIlYMMGPYQ-3D-3DM-7W_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpX=
m-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8h=
kjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8G=
POViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxVIWujubOuSMJmXTqejd9m9PAP439JM-2FFNby=
pCzZQl7Qfg1wghyGWO0t6m7Flmwt4hV3VNmw6hd3-2BQIFibX1Otnt1YpRV4bwvRCGBF6xhKoRv=
GO6h6o8hMYd1XMwlu4pk38QNuHZMlR0zAccc94FC1J1c2i4hPft5okCBbIp3LgNP48oXPyuTHaF=
4OK5x0oCSgho31fnVA3FbikdA6A-2FRp-2BsrLdI4DWsUd6ddD2Y1qcW88XhWpc2NLzUfqNJh7G=
Ag-3D" style=3D"font-family: Roboto, Arial, sans-serif; color: #1D5080; fon=
t-size: 14px; font-weight: 700; line-height: 24px;" universal=3D"true">70 F=
unds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1YDyHW=
5r126DxANQ88UXIxQU15yc-2F-2B5A0KpD0zj0l6w-3D-3DnySv_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5=
bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2w=
B9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSr=
OJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlyy1po-2BdR9ICrn=
wHwd7Hg0WJR-2FEjejCDNXXcX5YRuZia-2F7MnK4S0EfFnOgVzOuXa7svEDuWT48k-2BLt0SqL6=
kX2O6Q0DgiOEzokflbnJuK2q8noqGIdz8TrvHrAaWOkrI6CkOcmjPQYcGN3jigssc7llMH2KfF7=
FuA0b5ko-2Bte300-2BJ0hVtjiR3-2FPmITOwHHozexpGHrA9CPp7i6WxVm-2BRtoD2iwx7HQ7S=
DbM60ucMQpjT5jJ9isJMTU4GMyZM7HfKs-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table 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=
c4kfyWyRIb0AqObJUQ2Uul-2B-2FSTXRZx4jFHAIQpPUsSo-2FShWVXaBvmA1HGN-2Bjryc5aiE=
HBL-2FbARxpTr4iV6lr779T2ev9AfhKMjDzhmNPyGfAHf87ZlRGHAiideb72jlLpSwliYBv6nOl=
5G-2BWGK-2F0Ykx0ybZCMInJ2cQzhIGcfuA1esoXFIzijRfDoj8htre1HLF4-3D"><img width=
=3D"460" src=3D"https://img.pitchbook.com/ads/ad4468/Churchillfebbanner.png=
" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; display: blo=
ck; width: 100%; height: auto;"></a></td>
                    </tr>
                   </tbody>
                  </table></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>People</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-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0UdMPZuEv8e8V1xCyJGD1=
H7pg-3D-3DfS11_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6=
NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFc=
eWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZ=
KluIF4KJcm5Vd4DxZTFLJOlykEZG-2BjvM5l7nC-2BH9qMSDO31ytRqiBRRMCc2Rbo2ch5kdhf4=
heQJiSpbCOjmjREJE2T56pC-2BVIV-2FLTF9ZpmoGNgeylI-2BhuBG1GFfQCDbSGcuyQmkKYuDY=
5WXmTELNCO4A4TTSvslkS1IRA5IUrhIBT1phExy0KEjjFUXzQfvjI6SxP2RQm700vxNiZJVWliG=
IlRU-2F13kjvNSlBot2SRDxL-2BBAfRIkBUM-2BTI-2FZBN0EiIglsFJp7Oq0d9apnkn1sdZ4-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Madrona</a> partn=
er <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0UdLEmPU7=
TmUPEfeqlrt-2BmVYw-3D-3DQOjb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpX=
m-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8h=
kjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8G=
POViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxF2f9k9U5B37hjyzXPBpAtiTadwjqpEbCNVnBP=
7gPAsyIbDblct4nRyh-2FMHhxDbtHbvy8-2B3SCMYceRq2yElQ2gnPHbbmh0ZILX6T6GxSOcCp2=
2V8PCrQl9APG4xXU-2BxNc4bjzBHHHkqpyVvwMMN650KZg3QygDMWYYG8oH-2BiH7Dg-2BCP3lg=
gSeOWkQ3tqnIg1y8MPo8lrN6oD0vcwhslJvWJf6athRfSdvtb8EeD-2FCPSIjcvXucIN8fAnrAr=
9bFl0o-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Jon Turow=
</a></b> is leaving the firm to join <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zVtJOyPMjUXbt-2B8hzCRb0Udk9CsnJxRTkdn3xmHQSNaAw-3D-3DHgPX_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U=
0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJh=
WjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeT=
AANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzmgrLCHPW=
ntPkHfDLnPE6VcKEw-2F0-2FF-2FDgYQDXQYB6wF1a4j8XUAbT-2FNUGcTUJWcsig-2BrHIjSHv=
zvIr8keRlm5yHUVKTt1DOnUHFSQ-2BhdUARWETI8K12mmsT9RgsXLTYYtbze9OnCCxUVO6PqTLB=
qyyGCxsOqAL2OopSG37gZLP-2FTXNPjN42k6pziXGjhAdVDz7EeB5b42KneC8SRPvEBOWVn8dO0=
sM9iAdTdaHnlqYOjgEMg2zj1ehigqm0OiYjYw-3D" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Anthropic</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <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=
j99cPD5FDRTO8fBippfYLgDhReobi-2Fr-2FcWZKwc8gOwBOsJY-2Br33MfoWzFIArsIFHCGx0r=
j-2B7H0IvZdIRZ-2BtW54oUxwt8lKfYjYnpPP9heQ7PmV2qhNsuaCaf0IvswipBsnXOKcf7mLiE=
14D8R9wHTrWchXnwSfM5mfg-3D" universal=3D"true">VulcanForms</a></b>, a start=
up developing metal manufacturing technology, raised a $220 million Series =
D led by <a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzVtJOyPMjUXbt-2B8hzCRb0Ud5dfWGBRs12rHR4XDHmS2JA-3D-3D7J-w_Pr966knuaHmaw6=
c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fK=
L6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEky=
lJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhS=
meTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwVUr6-=
2FmI7WRlHkoD49YyH3GSoUPxPWfbue3EZgrvXuspv-2B-2BgQFEGU2ki1MahAz7Yl4IctmP1oIr=
RyuSC0SPUBnHt01k9iaWMooB29n3RHVfuOVS51q3Orgh6AmFNIsmP7pxZP1J5ZgmLSq5e58phi6=
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=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3m=
EWdPOjPxgRqmfw3q6mG-2Fg-3D-3DABJ7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdM=
nVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vu=
BbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111=
aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzPBK1g6BN372CKg-2BWoouQ63zo-2F1lZ=
t70XNlXqs7odPZ7MGmrORDeUE6-2B1dmmD1B35Cqve1sZ9auDy5Wc5fYsK2sCw7KqzepTKhzHxC=
-2BOT1PNMiiP-2FcLJEda2Cv7aATX61qngj5NYXZ8-2F0p1-2Bo8cnyjumvu29Czr5-2BPAMfLK=
4uYLvFLdpyfDx9ckKhZ97HlA1ye09N-2BtI4O8Tl77BNZDUcamDo-2F8O4wEbBp6Uir2CTlTf0C=
NuwGqKtqI7jxOSkDl7k-3D" universal=3D"true">PACE Healthcare Capital</a>. <br=
><br>
                               Houston-based <b><a test style=3D"color: #1D=
5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3gcamgddJSe=
w5Y9TrvPz3jg-3D-3D9pWT_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4=
3kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOq=
hjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6=
bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyf=
Pd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwKnq10hNh9DTZ4tosuQOre9-2BJ-2BCyfBCdypef-2Fm=
jCDZuVqzqatcZkdfeoly7USvXOcR-2B1jBD6YuQkzV0fYmwyAN00RXlpv0Vq0hkNDeEUCVV9T-2=
FD-2BEWKE8HcAk-2FdrRO-2B6jHO6BP-2FuGdxshRz0KcmkXUOhc8-2FNkRdD2P4MKLTsQewHU4=
yPzGmpfjbok29efyIsnFjJjn1q-2B6g-2Bz-2Fn3a9PaZzS-2FSZO-2FCfsgWMOm5t9yAGIf0WJ=
St7B71gfnFcnKjPrfA-3D" universal=3D"true">PranaX</a></b>, a startup focused=
 on regenerative biologics, raised a $17 million Series A from undisclosed =
investors.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2FcjL9KyToouahJmTBxAitXhXEnYbg=
DNJA-3D-3DU7wr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6=
NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFc=
eWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZ=
KluIF4KJcm5Vd4DxZTFLJOlz5TxdFehqLe9fiLczL78RBvY16IkvBefP-2Frk6Wd9QCrZFp0LRl=
SIktXe453M5G8Ohf67BK66SYykZRh8BpEwpkXOM0YjI2FhwivWF4lYSWD4sWRT8T9m117e1MV9C=
fEFOAgl0saqRPQH-2FM2t9NKD5PqjNLM1IdISy895NaIg1K6bCN4QG5bzB4k7-2FfQqoMbb7wfo=
ndXupxkp-2B-2Fwvh4VW4KJS9yMuZSMCGj8l90D1Wl-2Fd8wLC9AkWgqmKGlukM4Zxk-3D" sty=
le=3D"color: #1D5080;" test=3D"" universal=3D"true">Permira</a> picked up a=
 minority stake in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2F=
cjL9KyToou-2BUTrOkNbCAJln3uNDCJdbA-3D-3DRKZK_Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdn=
zLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq=
2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79=
on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzqlrJmiD7wVXQK85jDJH9U=
Ht6mm-2BZ83t-2BuLERKBZoM-2BS-2BsVwK9248CoCdEBgTPCM673TYQGHkKLKjpCTIzt58Y5Rc=
Eb2QREJE-2FVAPGvgqzxg7YrgzEn7raRhBDv5BfXIIBcR-2BFK4zyFZBSNjxOLoBaA3VM6gPvRk=
A1d2N0jYPhbAsCh927YSlTaTA3i7fOLh4dvyAkQbS0ffbA67Hu-2B9UMiZYjSFbD1v-2FHkou0P=
EPUBfj2ePYnCxes8sHSZYVCVfo-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Carne Group</a></b>, a fund regulation and governance services f=
irm based in Dublin, at a =E2=82=AC1.4 billion valuation.<br><br><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2FcjL9KyToouantryDL9pSMbuLN7o6YI1Q=
-3D-3DH3Dw_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6=
8NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQ=
lG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdr=
c8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluI=
F4KJcm5Vd4DxZTFLJOlxlrgVNZT-2FSOO0JkCy0QdLhyAS2vVpI3wQu7jnzB5Qq0pCTp2Y-2FLB=
-2BGRIh30m-2FcFogIPMAHxXN1xXzgVLrsiA0bP-2BtKsKkY-2F2q369P5WNaAaJv96by94sQdf=
08mvoKt-2FlpRxS2ruSQJV1rA1hB4H90ahOMji5NUfLxzmpKl1ih-2BiXdko-2BDEIvLzWreGW2=
JqDu-2Fz3JfQw-2BoO58Ds2A9bAw6AKN0HWqufqaRQb3-2BqwrMuhbRmyNqBD3xDvBXR0YJyszc=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Apax Partners</=
a> is nearing a =C2=A3575.5 million deal to buy <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzXq0DA678kft-2FcjL9KyToouPDjAE-2B0-2BsLrRZEjCvr5yDA-3D-3D1FfN_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3Q=
nAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2Fr=
KgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYE=
sRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZ=
TFLJOlxe-2BwPWCBIRQCfoCLrLG-2BtS3c-2BVoS9-2FN5h-2FkMHozMHoHn0ZchP8e4vdubkD4=
r9X8JzRZEGwtoxqi96lGa1F8QKu1Sh7QyxGpaKzvTrJoFhnhSUOa-2BEAqo12whmVpaSjqd9ZhJ=
yAnDYTwL5O4F8n4kDqybwLN7ftE-2Bo4B3mdL-2BtHRYBtDZzONL74SebFJz0C60D5QconayLA3=
Gu9aiYwBxW1Jz9tu9IfXyoYGI44zY0PVFqUUAJQygMSB6OQXh1-2B5R4-3D" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true"><b>Pinewood Technologies</b></a>, =
a UK-based developer of a SaaS platform for car dealerships.<br><br><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2FcjL9KyToou1h1maC7OTT77S4IS7hj=
mcQ-3D-3DfF48_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6N=
LxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFce=
Wdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZK=
luIF4KJcm5Vd4DxZTFLJOlzt1o-2FnrSCZfZolwuZrsoMkGVh5DP5jR7hsLc-2BIz0KxXQ-2BFD=
1RhuwQvkS9UsAECcFfYtEFtrr-2F3xcag5zIKQPiR7TyrlSIUtH3-2BSDUR7L5x3AO9kJJqrkYk=
nBH-2B5wancD-2BFR1Y9m3mjMGAYcNTvWgq1H3WoGozNlwI6z-2Fu-2BhBAJqpkVmd4hhAMZ8n5=
XL-2F31ky82w5PmEqc6w8HcN22c1TifdNB6Yborm7-2B3oRSzdwPQvexHIdQpixcrRc-2B93F17=
CH8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Bolt Venture=
s</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2FcjL9KyToouYy=
4k04neGE2YXPH7AxGz5g-3D-3DbUNF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH=
R4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVP=
pXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX=
8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI=
8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOly9y3doN94mFREiyGCG3XdsFox4I9uxyvES2t=
PibSXGXwn6Vh-2Bigg03q-2Fs7Xisov7Y8BchFOrQEsu7g0ahk-2FYXAQeMU7xyMgmdjM2WQuRt=
-2BISKR3nwFweZnSiZcNimtx7mkkT1UlSoCvmvxw82TJxymrQt5nC6J0j31f6e7tPCChK9Mbk-2=
F2XLQTM58ooONS-2FwgxZwaye1W7x-2Fhb7RzCA7M5snXR2Mt6oK771i9NizPojvBaR1ps6VXhf=
p0F0OsHkuM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Main =
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">&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>Portfolio Companies</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-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">&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">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=
luIF4KJcm5Vd4DxZTFLJOlwtxaX2LEZr4lGX5h-2Fs-2BQzxjbNEN2BnQJlTUDN73-2BLS7PvPr=
VShQTQTFZGo-2BsEAaKo249O5bhiaz-2FgZDzf6FAD5rgikKMTMfVqs2pMK-2F6FPg3QYcevvjI=
SsfLlAP3KwUY1WG71joongAvqIreSrI3wNiNbZ34NAIutUB6ZBeZVNBzy7uT1AHfYLyQ7MLURd4=
KjB9KihkBBVBJ-2FLfDHCX8n0JPuNES4ylJP1OnJm0AwN2WHNECBt0LQXIHy3Wf0Slaw-3D" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Michigan Retirement Sy=
stems</a>-backed music company <b><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVy=
i-2FzjWlmdQLHPyzbp7p-2BGQ8j3QbnvVdrkgOLpM-2FRamQ-3D-3DlIDM_Pr966knuaHmaw6c7=
pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6=
U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJ=
hWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSme=
TAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwLBWphIH=
mz6ErjSp7B4p8OcJ05V86WWveotcbLJsrCEkBma7tBqw1tPvOCCsD5kINFlkNKvx-2FwaDkrqhV=
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=
VQMGw-3D-3DP-9p_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy=
6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLF=
ceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWx=
ZKluIF4KJcm5Vd4DxZTFLJOlyx0NP7Dat5AzXhYthAecYH2jxn-2FWfbTJWFCIKiaRKUTAhid1r=
-2FRQU-2FsWoq14XZZwPk5mkc2VzTBZ-2BaBVxtWJiKOoAIaEUnsab1VIqO7nMwpXkdFNFoVRrj=
NkIpnu4ZxVisaqXCuJNz-2BZxl4rCgIfB1QscYFCvUwk-2FNzdFz4ccFpy2Cc0Ul873w6N2EHxc=
K37XtzrLqdROrgmcdU2cPotMC0cu9izH-2BgPfHIyYXIA7GQXIURZq50MVKBSfu2Gtavx4-3D" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Thoma Bravo</a>-back=
ed therapist finder platform <b><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-=
2FzjWlmdQLHPyzbp7p-2BG0AWtIiapJzjK9KjE-2BgF64w-3D-3DAilG_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0=
vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhW=
juH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTA=
ANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlyEIv-2Ftzo=
NAPjecdwe4zuKxdDNmkCtOWcsWbff5oaDQHnCFpngwlBXEH70hVIcyRh5LM8BKmnSmBGrXJNcTd=
zu175weU56DpkQKOkNwH9Of38GDjUtJpTcQoSZ6dsGGs3rvtzOEuGvI-2FzshxM1-2BtJFQeyIR=
v9lBpJaOZ5Pa1yk68BMIZRgkvmF5-2FQqip66srU6KheMxKZ9-2BS1PdSaOVSi7Pz6sf2CsdUSe=
Cj6H0yFKOGXl-2FGuDe4bFu-2BW638SPtBBM-3D" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Alma</a></b> agreed to be acquired by mental health se=
rvice provider <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2FzjWlmdQLHPyzbp7=
p-2BGiGTFanJF4cbd6IUWpQARXA-3D-3DMIaZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0=
YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoys=
YFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYB=
c6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiU=
i111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlz2ttD9aj9yp8r8ll1V6srsfAxzWVT=
55ZRmgZ-2FmfJjIuQyPcetxTZdAOlAP0ZjUK7gxOvKC2SsBsn-2B20Mq58HVQV3ZfUvZYAhsha7=
h7svLSWVUNeKSMDtQJWWST-2FWxvJvnQ8KRmFSTp5NyulZV-2BnTqn-2BcvMPOQqlrx9lwWIVvb=
zVfybu76gggGMgbshjX1eLvWxhQAWSUsk8-2FeCpf4KHayXKq1l-2FDvF478Jj5eRohYHDqluGS=
4ul7wXHqX4I2TNqIU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Spring Health</a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2Fzj=
WlmdQLHPyzbp7p-2BGEVbXxVngoQ63VE0kEJh-2Bsg-3D-3D91t3_Pr966knuaHmaw6c7pKvB-2=
BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI=
5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2=
wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNS=
rOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxV7W9RnUBGaNEs=
XR2BQJqXNUwY7vYtcmL-2BjS24rQgFP4FxFpzrH-2FKVcs-2Fq3oTP9ZBk5mTYfWpb62TPeeLuu=
ZooYD6EZ1OtDUflxkwccb-2BR5F4pX1cSTR-2FIAkz0SDEFbTK9Fuu-2FAqJfKvkzSKlGP6wubN=
M03AZYVQid7Qx-2FM0mgpTQUj0-2F-2FdrgOoOFz4tApmS7nAfuR8n0-2Bg2LRAnQdSvC7RSqPU=
QDVzH-2BBS5RCMb4dAA-2FD8bk9TUXzU-2FeBSfrwCQo-3D" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">UI Investissement</a> and <a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzVyi-2FzjWlmdQLHPyzbp7p-2BGOmHkM33DEGB7laSJxPas-2BQ-3D-3D=
169j_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4=
QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7E=
ZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmi=
gINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm=
5Vd4DxZTFLJOlyVOC7ay6ubMB8-2BaExkaGsCK9w-2BjndmM2Msopmjd8wVrOCMjtsLllLS41FE=
GYGgm2iO6WAwEQ3-2F91Jd6tFxKONMHQflIiiawdvbL4N-2Fi32tqB1kk-2FrPGLaNQw3S2BDd7=
MEChX3Y8Al7jYidYaMrZhWgqfw0lsyB5CoaNOAQWEPeqGSFb-2BKFOjQRwxBz-2BaERQCHT4Au2=
2xHMLLJ9vPQegRpdoXRNIcMJFeSZknVc9Nsha2eX0-2FGDKV8z2KV6BYfBG5s-3D" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">Bpifrance</a> exited their mi=
nority stakes in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6h=
su91RTPU9JgPKbbMvAltlsCR3ReA-3D-3Doz5N_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL=
0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoy=
sYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwY=
Bc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7Zxi=
Ui111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwkabpt0eVJ05hGZyor68AJxcc8If=
G33rlcHUWxQpdXc2ev5TiSCQ1GPan6CXfc9pN6QHkyA0yltNkIAEo9ldvq4mlYH5I7UDvN0Qt8e=
AI6yY-2FHC83QGRokyMx7hpd3-2F194HvE0lPZh6hw5oSOYq0hhdyoTwXicnurM4XM1IkTePEuB=
ObHygFJN3KCQvn8j1WACBIC9inV-2FvXV4mq-2BCNjyXJrRtx-2B87JaWs4ToTOnltZ8tE0g2-2=
FWLz7KpEgpM4UShQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Groupe France Tourisme</a></b>, a French cruise and excursions operator, t=
o the founding family holding company.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <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-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/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2fr=
hNw6hsu91RTZYUf-2FYjKxZkI2ArDOiswfw-3D-3Do5kl_Pr966knuaHmaw6c7pKvB-2BCEiDnj=
5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xd=
nzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1q=
q2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ7=
9on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzTgU-2Fc8XMyyT6x-2FK3=
vy3EHpoWvnKL0yyyLQlJJabPwokEjkuIiqU6YG0VNOKyGykPI9VI1JYigMWapuSdyCACZMT8oGn=
-2FTQLKBF416pAjjKqynMzA0Pglxk68u3QqaHIxONpDJlLZdoGrF8SGeRD7fjsFSPS3lcteW6id=
umr2fUlnHjRU7Pnr03PRxIUAiZ5VUHVnvB4wLIbqgO9ySxSlUomjT3NCSaIy756C098pienxxgQ=
QGmJjM93mpLoOv-2FIY-3D" universal=3D"true">Wendel Group</a> and London-base=
d <a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzViX=
iFOPQ2frhNw6hsu91RTWJpqa1Y7O1Af7UHkgLfOwg-3D-3Df0su_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5=
bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2w=
B9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSr=
OJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOly3iO3yCC56zSLOJ=
okL2j5LiL-2FjPxSSm5UfsQKQe9Y3cv7G-2BGWeltzrXl7kfJJMcHXkE1UQNg3YQB4v0GS-2BvD=
Ftqv-2BmrLd1DgE2I7-2BBpZ0GQgZHUdB2jt7c0Aa8LO-2Fom6gvFX4ZLrYFyp8Kv7Njff0hgZg=
wytkOqonUV3OBmyqzeCGFj3rV-2BRlA76-2F4EPFMuSDuJQUJ89wOn8yDiBDYQP9WCRFr7s-2B9=
GdvRdwya4acDmy9MAgeqxe89K1h8KivO3ls-3D" universal=3D"true">Bridgepoint Grou=
p</a> to boost its private capital business, Reuters reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RTfV4HAuDUu=
-2BW8-2BOpkukbh4w-3D-3D5wsB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm=
-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hk=
jX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GP=
OViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlwV3dSK-2BSMW8x48eDhdoJ6q47LWGpE51LCO048=
oudjQCECJY-2Bg2VQKfgTs20fyigZlmvzY646aq0NJSDLUB23XGAK2qFHmyinQJ8l-2FthCzpkv=
vTzkYD2IHKvRSd5TOPHl9K5ZROLoBGDV8eWym2XId3mQy6IW6pK986iW7F9xjCrBHw0npFhpDiM=
fhQzCZ0-2BDV3c4UdRN3jCBY7bSXIOOFNLBj3bg5DLdUPo6Obw-2F4JRERAMPD9JKwOvU3LOyFm=
mqo-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https://i=
mg.pitchbook.com/news/72499.png" style=3D"border: none; width: 100%; height=
: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
               <tbody>
                <tr>
                 <td>
                  <table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0">
                   <tbody>
                    <tr>
                     <td align=3D"right">
                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0;"></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
               </tbody>
              </table></td>
            </tr>
           </tbody>
          </table></td>
        </tr> =20
        <tr>
         <td>
          <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad=
ding=3D"0" border=3D"0" style=3D"min-width: 100%;">
           <tbody>
            <tr>
             <td width=3D"460" class=3D"container">
              <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor=
der=3D"0" style=3D"min-width: 100%; padding: 0px 10px 20px 10px;">
               <tbody>
                <tr>
                 <td style=3D"font-family: Roboto, Arial, sans-serif; font-=
size: 10px; -webkit-text-size-adjust: none; text-align: center;" align=3D"c=
enter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RTs74GEhNXFSH=
TKN4ff0nKsA-3D-3DY8kh_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43=
kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqh=
jA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6b=
jkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfP=
d7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxsjmjfSapFpYFBU-2BXKO8sZ1kAXuKcA4SFxS695aJ-2F=
rgYDl4Dn7mo1NZiHcfyQ-2FR-2FLyNuKu6n-2Brt86OhN6ggPrLixGqiIn-2BY8nkMIbis2MCyM=
o2IPP5Up6SfOPh8h6dfe5mYSC5Wzz-2FposlYph5zmVb9UFteumdZGOdtWEAedHFqtmdbAHLb2B=
IupqWxC0mZ4tO8922vwP0ueEFuvxDMaYXTxm-2BzeEwLiZjyAOEcxrh1wGLlvpV4rLr2PO6ivch=
Vvg-3D" target=3D"_blank" style=3D"text-decoration: underline; color: #1D50=
80">About PitchBook</a> | <a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2f=
rhNw6hsu91RTjjGL8teD14-2FwWj0mpvZxog-3D-3DSa9A_Pr966knuaHmaw6c7pKvB-2BCEiDn=
j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8x=
dnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1=
qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ=
79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlypeJo7NBoPdUoW8orXlw=
Tau4jr-2F-2FD3id99e63U4wL3rYl3w-2BxEMtRJFacMUIuZQ6nphZCqljkh-2BytqylhimzNa4=
z7SDQ75mpp1SNs155XlTtTvXhYejkV4wd9looA260zlkHNbisWMcYQ5RpV0WTzpYEyWHdtuR9rB=
EJQGEHZkJHIJdFI5pEPWLqyjTMWd4coxqUIpGHvXhxCiOzf8KV1B8yAJt1WLWqKoN384PzcFKkZ=
W0f6xiT3cjdhQRez2-2FYI-3D" target=3D"_blank" style=3D"text-decoration: unde=
rline; color: #1D5080" universal=3D"true">Terms of use</a> | <a href=3D"htt=
ps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RTzokMpdUMDQRkNc3PC-2Btk1g-3D-3Dgn=
hG_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QC=
dxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZl=
P-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigI=
NPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5V=
d4DxZTFLJOlwWCYicgx0bQijCqhIcgqYgIJjL80E5TRaynKy0Qua2E1WqzYXU6u3DLqNSmNzKp-=
2B69q-2B-2BgtJYd3zlYJ7EdSisPfQMCRNW8s2fXDI2ad4JOVhIBNS6NOxE-2FBHXxUgdolEVOi=
l86cc3yDZuQ6mkRR2VfNq8K4htmHfinxaPJYlKYdfsZvZcnoAkJ-2Fv5c3yOZi9unDJOCnLJ27i=
x-2FFiw1hawgkSh-2BSzKe24TQfhvu2Ee1VLVxEeo7yohMmB9RlPSoinU-3D" target=3D"_bl=
ank" style=3D"text-decoration: underline; color: #1D5080">Advertise with us=
</a> | <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RT0jmApXN=
bIsoE66SUVWGE5Q-3D-3DXRda_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2=
BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX=
6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOV=
iyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlxM63I7i8omt9k1rKVuDcNp-2FNM47-2BfAbD4H9CU=
9ztzKC9w9x-2F1P608o-2FOUqdmhqOAFRO9WZtujHZQGo8nhHYFsZ9-2FIwfxXqUg4iq7jz1Nnb=
PVrsPa1z35y2-2BI9XTZbEYmg66LqqUX-2FXxSkHRFSoBPqMRpnQLldlxfDFIjOb-2FGF9MuIl2=
BsBrTloMXI-2Bt5Vtgqa3p-2B-2F6m48V2IuXm27NwZKuIa-2B1F04C2IiGXJVYgQFYdkQTiMum=
azGUVLqhGkZgzxY-3D" target=3D"_blank" style=3D"text-decoration: underline; =
color: #1D5080" universal=3D"true">Contact</a>
                  <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0"=
 border=3D"0" align=3D"center">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 15px 0 0;" align=3D"center">
                      <table cellspacing=3D"0" cellpadding=3D"0" border=3D"=
0">
                       <tbody>
                        <tr>
                         <td style=3D"padding-right: 10px; font-size: 10px;=
">Follow&nbsp;us:</td>
                         <td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzWOf9KxXbmx-2Bglv3HiTWaSULZdzxfLuujXJIDAXLm8zwQ-3D-3D9g28=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdx=
p3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-=
2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINP=
xYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4=
DxZTFLJOlwpjdu-2BoX8gZVDZNTPTivyIJFoANQVmw-2BiAnvL6QO66DI4ND8tBDL5G-2BsPX6d=
hV-2FNP45-2FQuq6p7W7-2FBNHkYpfsUfx6dMIu7JJejM-2Fhp23xGjkTpeDYAX8eJMYDdwfiNi=
GF2-2BoPPkbR-2BJvxOJ8N8XdpxPjiG-2BcAiU3PRG44DalB3Nc3rWK-2FVZIf7kNmBt-2FoTJn=
ZGtM9ZZc3563CZAYpklPONU6q5t9uWOonEK-2FuOedWXL5kuGtATC20y9qt1OVSAc1E-3D" tar=
get=3D"_blank" style=3D"text-decoration: none"> <img src=3D"https://fonts.p=
itchbook.com/newsletter/linkedin.png" width=3D"25" height=3D"25" alt=3D"in"=
 style=3D"border: none; padding: 0 0 1px; vertical-align: middle;"> </a></t=
d>
                         <td style=3D"padding-right: 10px"><a href=3D"https=
://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzWOf9KxXbmx-2Bglv3HiTWaSUQSwqq4xD6nycLIQFsWUseg-3D-3DF1ca=
_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdx=
p3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-=
2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINP=
xYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4=
DxZTFLJOlwXaoZmRptHmmcKXuzGhGSRFOLId9DJ8yNxv-2F5JRHRToEvwtuK7rIoq4qRz4T2H3V=
LaAjt6-2BMY0jqYDc2HQg6YNeF6fuyhabCENr7RkkRn2ERnr3y2C7abOHnjNBXe-2FSODDDAY0x=
5GL2beMamThFOXFp-2BFJS7xvDtuWkg2KjHiyQ4jhud7Etp9XhKsomeTeym2mi9axoPN0bYWnIu=
aO-2FBlJ3Orfj1IpHcmUtYfBvQuiuFerZOn1w9EoWyNnyNpO3Q8-3D" target=3D"_blank" s=
tyle=3D"text-decoration: none"> <img src=3D"https://fonts.pitchbook.com/new=
sletter/twitter.png" width=3D"25" height=3D"25" alt=3D"twtr" style=3D"borde=
r: none; padding: 0 0 1px; vertical-align: middle;"> </a></td>
                         <td><a href=3D"https://url6380.news.pitchbook.com/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWOf9KxXbmx-=
2Bglv3HiTWaSUMgicQeLoaJCdBDIe5icHAg-3D-3DZzlP_Pr966knuaHmaw6c7pKvB-2BCEiDnj=
5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xd=
nzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1q=
q2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ7=
9on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd4DxZTFLJOlzgw8XKNUnmWOillTefg2S=
F8PW66mcQ69ChT7oSmf0f4dJTEysmZJCWzFXPtLqBFtr95-2B16WXae447rrnRjvv88SDA9d3ie=
CjIugKE3uvBXa1PMVeamhFs7MLhjPV5OQr-2BwnTMlpR6-2BFEfru5gATmZRpX-2FuD4bzYDYJV=
QxUKqTjen-2BfjCFob4Sv1TLs5ie1N3mRkwX3yR-2B5kWU-2Bvh-2BYE7LLoqe6U0ifmJpR44c-=
2FHCrICX4jkvRDsTKofpnLV-2FNBCUM-3D" target=3D"_blank" style=3D"text-decorat=
ion: none"> <img src=3D"https://fonts.pitchbook.com/newsletter/facebook.png=
" width=3D"25" height=3D"25" alt=3D"fb" style=3D"border: none; padding: 0 0=
 1px; vertical-align: middle;"> </a></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table>
                  <p>This email was sent to <a rel=3D"nofollow" style=3D"te=
xt-decoration: underline; color: #1D5080">vetyl@ponjosonek.com</a> via the =
PitchBook Platform.</p>
                  <p style=3D"margin-top: 14px">Click <a href=3D"https://ur=
l6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx=
1VdE7sYl12opJBSgX8wjgWQkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTf=
dSBLrG5odLYHQXzZYap3xyjo613CQL5EKIRNY6DZpApxW-2FtnBQ7rUuqNohbArjpNQasEdfyU-=
3DrFEL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR=
K4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U=
7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mt=
migINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJ=
cm5Vd4DxZTFLJOlw2MTb1l9us1Oi-2BbZyLCD8UneRvAIxvxoNvSffI5y-2Bs8Cs-2BGB-2B9xR=
aXR0iFAb3PgU7u5FPKOlgE5DPvJ8f4iUIaft89A1y3hm-2BNYyLyBggv8AmYEe3seMoFOjtEN4G=
-2BahmIJGfw-2BXQ1tKomBdbK7drAevJDP4JJ289S9-2BJ1liWlgcUahRutDDIV4D5zH5fe-2B9=
NmcP89G7bjNunmy1kt-2BvjAF9t5Krc0BHGA-2FG0JZdywgl4L1S-2F0teTEB5WWRgBK-2BoA-3=
D" target=3D"_blank" style=3D"font-family: Roboto, Arial, sans-serif; font-=
size: 10px; text-decoration: underline; color: #1D5080; -webkit-text-size-a=
djust: none;">here</a> to manage your subscriptions, or if you no longer wi=
sh to receive these emails, you can <a href=3D"https://url6380.news.pitchbo=
ok.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrVRvnzbxJbWwDftsHe-2FnJ3PNCb=
p5fVdgUVvM0uKhBfShb0-2FXm4f84Oam-2FsIf-2BQHY-2F6l9Vc44O6YYP5nyZstiuA0hPHiOT=
JvTphTwYVVcDj-2FgzVFL55dZKzjozFN3yY7gCEJIYIrzSMor6WWroWX0bXV0YUZSSv0rx-2BGI=
UB1ul-2F6My9i0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8=
UYA68NVRK4QCdxp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6=
NLxQlG3U7EZlP-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFc=
eWdrc8mtmigINPxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZ=
KluIF4KJcm5Vd4DxZTFLJOlwtCgfzkEySJymPGduUNd3K7j28Q8X-2BJuU3ccxAqyyFFVfNvgUZ=
e5wSsssq-2F4W9K70rhloY6Kk2HK3HCrwvfkTPXdml8qsV3-2BBhAYdUWrAHe68IJHy5egQ7aQo=
Ig0y4YwvW-2FmgTqTO6grSqvWXAEeF2gVtfFQszYTXLpH2cca-2Bv81E-2Bs8G4CGzECToSEWpB=
LnwOMKpDkDzQjYiV7nX0fqKstxefHmBNiuuQjiuN7dLPb1oxCJpCvhpgBmYfxGWxeWo-3D" tar=
get=3D"_blank" style=3D"font-family: Roboto, Arial, sans-serif; font-size: =
10px; text-decoration: underline; color: #1D5080; -webkit-text-size-adjust:=
 none;">unsubscribe.</a></p>
                  <p style=3D"margin-top: 14px">PitchBook Data Inc., 901 Fi=
fth Avenue, Suite 1200, Seattle WA 98164, United States</p>
                  <p style=3D"margin-top: 14px">=C2=A9 2026 PitchBook. Win =
what's next. All rights reserved.<img width=3D'1' height=3D'1' opacity: 0; =
style=3D'display:none !important; mso-hide: all;' src=3D'https://my.pitchbo=
ok.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VUBAECQE7XY=
5D5PSLQI&emailId=3D3D2MJVWYNHUGBLS&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG=
625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DPED7RLFD4GN3BVMRTF=
QEHYZOOJCKA34MS5JA35Y.gif'/><br></p></td>
                </tr>
               </tbody>
              </table></td>
             <td lang=3D"x-sidebar-place" class=3D"side-bar" width=3D"160">=
</td>
            </tr>
           </tbody>
          </table></td>
        </tr>=20
       </tbody>
      </table></td>
    </tr>
   </tbody>
  </table> <a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
1.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSrnS8sfA-2FdXQL6-2Bsw8UD0paGL=
M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRK4QCd=
xp3QnAVkkyPuZ3fKL6U0vSgI5bMy8xdnzLFdoysYFdMnVPpXm-2BOqhjA6fDy6NLxQlG3U7EZlP=
-2FrKgN-2Fm8XEkylJhWjuH2wB9QM1qq2vyGwYBc6vuBbX8hkjX6l6bjkWMLFceWdrc8mtmigIN=
PxYEsRcQ7QjBXRhSmeTAANNSrOJQLQ79on7ZxiUi111aHI8GPOViyfPd7RnWxZKluIF4KJcm5Vd=
4DxZTFLJOlznsPaPw7oFKXTNcz-2BHtzPsi6Z7KwxWPN6IZ1iCrg-2B3UhO7f8pUu0wEHw5GUXy=
pPntL-2FKuddI3cG3y49L4eUt6JYwg-2FBE-2BAb02pgOhOMyYB0Lprg1ZH2Kxc5mzwwZnjw9jM=
3uUk1Vl9D3bnxvzRsDEaKOk-2Bj77ZONuTxcTGG249EQnFpw9mdAPioItny2hLS8zuZg7xQp8mh=
YhbFk55RxwXT1EDAwqbZrXJFvIBTgrnsR0iBQzp2g3sbq-2FGy3s4wuc-3D" style=3D"displ=
ay: none"></a>=20
 </body>
</html>