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The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters Carlyle AlpInvest helps Littlejohn hold stakes; Europe's female founders step up; VC funding in Europe holds firm February 2, 2026 | Read online | Manage your subscription The Daily Pitch PE, VC and [...] Content analysis details: (5.0 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 RCVD_IN_VALIDITY_CERTIFIED_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in sa-trusted.bondedsender.org] 0.0 RCVD_IN_VALIDITY_RPBL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. 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} body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; 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'); 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pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">February 2, 2026 = | <a href=3D"https://url6380.news.pitchbook.co= m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLq-2FSFb= O8K0MhbbZjk-2BEnudItsmcSIK4zleMvFe2VzgA-3D-3DI29Y_I3w5d9c01gkD8gLzFEofZR-2B= h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh= -2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37r= PHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzF= wdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yr3VQgW1NCeXwvdTpCSa4tXUZkgqn= uvy2JQdnAAjozOMDMkaDesXm93pxRzX-2FnskG-2BsUMzk06HUAaDxjztFMFgc9xEsk9yZLuKEE= yTIvNID2fKhMrmMZurLx-2FjR22wjXoJDrj8aBwYltyv5TaMlaA8xPNNbHvRUo5Rli6xd2FcB-2= BgYseT-2F4RzrgEaayYCmhBdXcwzIsTqCdG1agWIWMpUChy1pLxMZ0wG4Bkdy-2F7t6zgoEBFIl= ACdwexxw3xojFMYtMSkqzHpLpIXQNfPUL-2BmD8-3D" target=3D"_blank" style=3D"text= -decoration: underline; 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text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVLq-2FSFbO8K0MhbbZjk-2BEnu0XBYRdN7ybUs04vW-2FX= 8y5A-3D-3DalBh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5p= pVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIz= lorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7av= JxCtZvHnrC4yoaTfpNyxXyAFCVV-2BOISq158VRTi9h5WhSu1NxNfcr3DR1F09dcpig9LqLREi-= 2B8mVMU6ohJyZ9J0OcTLZGItmiFsXods7NqD82N8oaxvhJtVfZyEm6ahgvA5qGSgYmxRCOzoApz= -2BnUcCO1GKb1rvGGyWqEzAnbiA4e3DjkheT6W-2BrP0yBvGBjZeJDFOnefTRwIuKMub9U30uyM= qSd9AcZfBuSg62U8cb9wdorJ0MypYgmgx8crYcn79QlSsTkUnnYcAe9Vkin87oE-2BEH8rQD9os= -3D" target=3D"_blank"> <img width=3D'1' height=3D'1' opacity: 0; style=3D'= display:none !important; mso-hide: all;' src=3D'https://my.pitchbook.com/ms= /pixel?userId=3D3DABLZ54MOPJL5Q&eventSource=3D3DZQDXJQ6VUBAECQE7XY5D5PSLQI&= emailId=3D3D2MJVWYNHUGBLS&emailName=3D3D6H3WX3QH7CXEMMMBQSMFL245ZG625LDUYNY= OD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EPI6EYRHRSC2KEHCFHGQ= 6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.news.pitchbook.com/wf/open?u= pn=3Du001.4Qe7VL981gyAPMxYoCz8CBKmv7adpoGoGfpUfNDzw-2FIUFPDY6owZNjRg8mspgm8= jmYQ2jizCjf4afx6-2BmdAbgo-2FsAb-2Bvb-2F9GCg5pmQTbe2Pk7IAJUlCf4640Ej463xKSLP= 1pCE52WDvQgJsyCaST2RqhN2BTYwAHCNo0d9piMOOKbDGKSdXnUwZNVy0IzOyf2cX-2FNkguIwH= GoGC-2Bv67uyuR01RtXe8NU4XiP5E-2FYKzdEIG316N-2BhllmBrgwCF3XWWFhGIxc4KHdiqOjp= GcZu700REefcNkozcr5B8QR4Y1iLMqBmL7zauVP0IZIFP56rQoALqbcAu5qhlhNzfNvMJTDRWqM= N-2F3TeYjre1vwSPHsKvqiJNF0lNUqdavIgHCUtoRZSvYFRbm8uxPIRFu5-2FTOVKa6W55WRgk-= 2B2RG-2BpnspBP6TxzHfxctRoUz3L4-2B-2ByqYayRv2q6gH80IeMJbY-2BkeylahJ5OHDrC4t0= jc39nK79pCh44I1KDY9QJGlfKxL-2Bfyv-2FKKCbt6wVzcMSvb9g9ukRdvhJ-2F8OX-2F80fJhc= 0rLivWUE0gL0b68NVkKQJWclH7" alt=3D"" width=3D"1" height=3D"1" border=3D"0" = style=3D"height:1px !important;width:1px !important;border-width:0 !importa= nt;margin-top:0 !important;margin-bottom:0 !important;margin-right:0 !impor= tant;margin-left:0 !important;padding-top:0 !important;padding-bottom:0 !im= portant;padding-right:0 !important;padding-left:0 !important;"/><img width= =3D"141" height=3D"39" src=3D"https://fonts.pitchbook.com/newsletter/pitchb= ook_morningstar_logo.png" alt=3D"PitchBook"> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&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-2Bqzw7tiLmOKHTuou6TCkodG3-2F5tmoRjBrWNf9Q-3D-3= DMeU1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFj= tA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45= Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolb= eLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnr= C4yj9m31WShY7mnJeSGG58eEgRDE9j8WCI75B-2BoqnFwcwgnsJiNIArPJgUDY5QmmBjyRt-2Fd= oNGYgFRFwcmwnNpkvACi1Jr051jQjAPPVtToftfa2F6cI-2FOtYKKXxAHUClTPOuR-2FAhwjzu7= TSRtaljHeZyGcROScb8eSIzQQ6ktD0kPaKMVJh3cHOgSgZlABnhBq5f3-2F7M8Oht2NfwpKE3CQ= 8BeZLyLwzgCa08ADLTThkvzdLwuMzyqL-2FEtV8jGLOatB-2F9JV4xP8HD1xT73JYzwk5s-3D">= <img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4457/SVBJanleader= board.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; dis= play: block;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=F0=9F= =92=B8<b>Record year:</b> M&A deal value hits all-time high. Download o= ur just-released <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiL= mOKHTuou0-2Fnmx1toX-2BaV5HeuUJ5Aow-3D-3DY6Q__I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir= 7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5E= kGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9= tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4ypFu3Jb0vbeefT8uBgDee8-2Ff-2BysWrF= -2FZAHyxIIb16-2Bs4AoxVa-2Fk-2FOCjjRqVu4C2kuUoFm48RVXPK-2BHaH-2FkiD8B7OSHEVe= bvG1u4d1IZOFo4emYNjjvSDmM1U0XH-2FZLV0U4DGgVK5K8W1nVAo3le-2Bg-2FVIC-2Bfx-2FA= ff2aCYTaiHkL0Ir0PUCSQ4f83krUUg2pDwLQto4DQn-2B7sLSqMJVF3OPWRpdOOkL6-2BFAzr5G= q7VeauQUk5f9uVO48mOedbS-2Fj3cO2bYID6aTYGxYDzSmj5-2BKiE-3D" style=3D"color: = #1D5080;" test=3D"" universal=3D"true">2025 Annual Global M&A Report</a= ></b>, sponsored by Liberty GTS.<br><br> =F0=9F=AA=9C<b>Moving up:</b> Europe's femal= e founders ended 2025 with a total =E2=82=AC11.3 billion ($13.4 billion) ra= ised, a slight annual jump. See our <b><a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzX0cGMK-2Bqzw7tiLmOKHTuouXTC7xm8ohF6k7piMQRBooQ-3D-3D93vT_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawM= v90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL= 68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzl= O-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4ygRiKNABRFmF5b1u-2B= xE7k-2Fno7b0682NVMZzUqvzzGJzM98EUo0Bs3ayjE2YNPqqUmpyA158vRzXEw4NupY-2FP2hLy= LtiutaxOieXJFSw9Q3uM0qJZY2A6gK4mz4lcgoTXmSduRVpsZusqxMdkFjSSZ7h1gXW-2FU5WFj= eL0nEUF5o8GwWedsItNeMhbbBmVG7T3XJY5zUvp6L78OEX-2B1l7m9aMQFKtNUzJ4seE0A5TfoW= h4KGS7A5JycDmE-2FsAEOTfA1EKRIWBkOctenLd8DiTgQcU-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">latest dashboard</a></b> for details.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_577186" id=3D"n_577186" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> Big-ticket deals push M&A = value to all-time high </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Madeline Shi, Senior Private Equity Reporter</i><br><br> A flurry of billion-dollar-plus transactions= last year fueled a strong rebound in M&A, which reached a record high = of nearly $5 trillion in overall deal value, according to our <b><a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuou0-2Fnmx1toX-2BaV5HeuUJ= 5Aow-3D-3DkMZO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5p= pVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIz= lorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7av= JxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJkWI7SzFy9JCmA-2FkIOKX4Vs6gHxr-2FeFNPNVIn-= 2BmLVb-2FinHv53l-2FWCg2Ha-2FCZ8LKarR175-2FM7jTbn0AHfLGaWqrJgfW1ALBRDHokLWwn= 1117XBcRA8fdNKXnnUESzv3JMCqB5uRd18d0GBMdwISPoC679FOPORyQVZADG9lP5ps1ThAg509= -2F3G6rjWUDEflPTuvzYLe0vhSHW1Tv1AzDcAFtYygOobVr29bsK-2BcrJYwjceoZv681HdEKjR= GzXIRo8aAQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">2025 = Annual Global M&A Report</a></b>.<br><br> Dealmakers clinched $4.93 trillion in M&= A, with about 57% of the total stemming from pacts valued at $1 billion or = more=E2=80=94the highest share since 2015.<br><br> And the biggest of the big=E2=80=94those exc= eeding $5 billion=E2=80=94saw 122 such transactions, compared to 76 in 2024= and 74 in 2023. Total deal value for this category reached $1.58 trillion,= marking a decade high.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouPF2RcPZ= Sk9m1kMH-2F4rURxw-3D-3DzMUv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46k= XlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyAB= vY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZ= NBiIT8uf2N7avJxCtZvHnrC4yriEvQTnXn8jo0WePHPEP85xFxSVjvcpmh94g8qPNjGS98DuBQ9= 7lmEC-2BiSinXue9y3FFGeFg-2FowNeAbiqL4J6-2BJpZIrv8z4T8eKK7Ygf-2Bf-2FaQK2x5QL= ipfbr1-2BSKba2e3gpGwLobLBUqtl6xh1itq5Ye9zaZq1nhfXZ0uvCVHNypp1R21mtdhDmjy94n= WFLnqeKAtyaKMPxbdLMv3PZzp1rwE5IHguFUi7adm8NGEyCfp7CdzUqZVQHjVRiO-2BL0bBqxMp= uEIFO-2FdGi8ROJggRo-3D" universal=3D"true"> <img align=3D"center" alt=3D"" = src=3D"https://img.pitchbook.com/news/72530.png" style=3D"border: none; wid= th: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Severa= l trends have propelled the proliferation of plus-size deals. Both the Trum= p administration's lighter touch on merger regulation and lower interest ra= tes have encouraged a wave of large consolidations.<br><br> "With the environment warming up a bit, thos= e mega-deals are becoming more attainable," said Suni Sreepada, a partner i= n Ropes & Gray's M&A group.<br><br> Under the Trump administration, the FTC and = the Justice Department have shown greater willingness to address antitrust = concerns through remedies rather than forcing breakups=E2=80=94a noticeable= shift from the Biden era.<br><br> Strategic buyers also seized the opportunity= to snap up attractive assets to maintain a competitive edge, protect margi= ns and adapt to industry shifts.<br><br> Corporate M&A involving a strategic buye= r rose to $2.73 trillion in 2025, representing nearly 60% of total deal val= ue, up about three basis points from 2024.<br><br> In contrast to the massive uptick in mega-de= als, momentum has yet to build for transactions valued at $1 billion or les= s. This segment accounted for a shrinking share of total deal value in 2025= , creating pressure for investors seeking to deploy capital and find exits = in the smaller end of the market.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouPF2RcPZSk9m1kMH-2F4rURxw-3D= -3DQxxZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w= 45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEo= lbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvH= nrC4ygDHAu9Hv2LOZON0XYkIfj4jfXXOxyCsosPDKzrXCqo5CaKOEXmpbchXVdup8mmhPt4Klt6= C1vxf0UqtlThbUeKnpL6vsUV4Eo-2FtCXbOMz7QCmCZOlSaSFvlc5ivY2x-2BbFnKlVmG5dT2i0= r2pTWy1g55Pqx1YmtjV0TSJR-2ByfEpmNEkQrr-2Bzs6mV-2Bfpou74I8-2BZU-2BSoqWuBlXJl= hDxjD8Ehpbi57Bkvhy-2FRbcm30MiNQbjnQyBa-2B2JesudKqxjrGrdGsI-2BbSIPJyfeBViF2e= ACY-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; t= ext-decoration: none; color: black; padding-left: 3px" target=3D"_blank" un= iversal=3D"true">Download the report<img height=3D"24" src=3D"https://fonts= .pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middle;= margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </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= LmOKHTuou8op-2BGhi7ygXSmAO-2FkKUAOg-3D-3DgbRH_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw= arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fi= r7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5= EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA= 9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yhqAeeUoJa8TKi4Gouv3CKLV4-2F1zDOl= 3UIfTOw8pK08XgDDqls7n89bwhsKXI7A3umqOvQu5zPt3H61suVN8cCBjoGTbHeayAeWl2QtEtW= 0EmuA8xtsNM3f7w2jDBXzUseHkugMHJMNhGRVZQwQaT5PoZpwGo-2FYO5JvA5cKiGw6iLoikW8P= yS7RHZSGEJP4lyPYXqO0PBT5tl-2FSbUNFjeJOGKzTGD7sOLQo4cvznU8zg-2BZP3e4jVIAb801= H9pEr2scH5IBWTZCzPpOTU33jIMNA-3D" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">The startup-on-startup M&A spree is not slowing down</a><= /b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>ServiceNow's stock faltered last week as consumption-based AI pricin= g</b> proves more challenging than expected. Read our analyst note on the <= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouz3jWEb-2Fey5M= eVHJCx3GYWw-3D-3DbumX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b= 8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0= GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8= uf2N7avJxCtZvHnrC4yv5ToHdZR6Ioe3Sv5fm1HPOMLB2hhnmMpexYo50ZnuQAYXvpySbv-2By0= yckwk-2FBiWOr3BdlvttjqYcFoFAzgeF-2FC6f803qLCoUjqvcpGSI3wa3WRWJAP8mxvjve5ley= SeKOn5Xqjd-2B93vnlxZ8M98CwVqf30WG9WRA2p2zKPj-2B-2FVC7pHZoINDjE8A5sn1f41W4x8= u3AEfHo8gFYekQdkqZNN-2BrSZfhjAHM8CeKBJkyfUrkRCieOeCjz6D7Mf64bfq14gzz-2BirQk= tkyxJhULa4tFw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b= >AI clash in enterprise 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= mOKHTuouwUjy0yxAo05VH0mPYqAKNQ-3D-3DcEXh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttS= QDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwu= jvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok= 3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yv5ToHdZR6Ioe3Sv5fm1HPPBWwXezqQ4HPrvE4= CTJ2BFLoYWdWTeThdhVS1U-2BOoj-2BKmUm7b0CojHYyxQWw68kdHsBn3M4xjFypePODwrjLNaf= mn-2BHdFT-2BvQuUPiYwJ7fIlgye3McXifZiAauw8jwlIZ0zofFQMYzpNHHER39wVvKvoN0ami4= jlYeuuEkS91Mkt6FoqR0W2ejHoEiET8DeldzDMjwrkIbHGEpEt4eI4Hi6epceaUUcRuvea9Mk63= -2F5aR-2BKJIvXy1LqIpGYPbAmXk-3D" style=3D"color: #1D5080;" test=3D"" univer= sal=3D"true"><b>2025 Annual European Venture Report</b></a>.<br><br> =E2=80=A2 <b>The sponsored loan market in Eu= rope was driven by refinancings</b> in 2025, but M&A deal flow came a v= ery close second place. <a href=3D"https://url6380.news.pitchbook.com/uni/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw= 7tiLmOKHTuoufCmdb6DyCcfHz0dQ2EBLww-3D-3DBmFv_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir= 7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5E= kGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9= tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yv5ToHdZR6Ioe3Sv5fm1HPO5teYExgGEdp= wih1aib6-2FCFtJO8OQCxVfDOPF7-2BGj47I-2FYwexFoW8q4D-2B1u-2BPHL8bUlEk6BiJtfDk= Sy9hRHrmVi976OQHi2tYsSeW10VmqB6odtdnonupZdDSWJ1UoFauA0ukOVWqH9d4NdkyH-2BZNC= ktM4va1FoSR3X06aypQMQw5-2BJM9rpjHrSyt3Xolk8h-2F1i5vrTTU54vaI54dPOMND1JQMJeq= jAD5Haf9GmVnvyl5dKABy66gW5GIkcxGCTts-3D" style=3D"color: #1D5080;" test=3D"= " universal=3D"true"><b>Read more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_577185" id=3D"n_577185" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> Carlyle AlpInvest backs $500M = continuation fund for Littlejohn & Co. </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouo1Kj6Dx= IfYWL-2FssZm8-2BlGw-3D-3DZ_YB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b4= 6kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8ey= ABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNB= AZNBiIT8uf2N7avJxCtZvHnrC4yv5ToHdZR6Ioe3Sv5fm1HPMEV-2BYfmbOh7VE-2FnpayWkOZp= wP8bG3VQN7jyFT8sGNW3mZv1wXaxfW-2FH9CcjFlf8TdmOR4PZrxRN3y07j1Bz6XOw312HuF3nL= Bm0lPw3zjWinpS5fwTlU6C00Q-2BIPU2kJrqguwsb9-2F0C73emHpvh9YUJcJimBn1Bj7Wnmk4p= tDDunaj1NjR0KHwsD5GAXgYJyLWAHkJkwXrLDUDk-2FjRi1uv12cw6F9oF7J8F-2F6brY-2BUZQ= 7GNz8o1bVtPfp5WUorov0-3D" universal=3D"true"> <img align=3D"middle" alt=3D"= " src=3D"https://img.pitchbook.com/news/72529.jpg" style=3D"border: none; w= idth: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">Window washers f= rom Valcourt Building Services clean an office building in Washington, DC. = (Melina Mara/Getty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Jessica Hamlin, Senior Funds Columnist</i><br><br> Secondary investor=E2=80=AFCarlyle AlpInvest= =E2=80=AFis leading a deal to help=E2=80=AFLittlejohn & Co.=E2=80=AFext= end its hold of two strong-performing businesses.<br><br> Greenwich, CT-based Littlejohn, a PE and spe= cial situations firm with $8 billion under management, is raising around $5= 00 million for a continuation fund to buy=E2=80=AFValcourt Business Service= s, a New Jersey-based provider of window cleaning, pressure washing, and bu= ilding repair services, as well as building remodeling business=E2=80=AFGre= at Day Improvements, out of older funds under its own management, according= to people familiar with the matter.<br><br> The companies are being transferred into the= new vehicle at a price representing a premium to their net asset value. Li= ttlejohn is also looking to raise an additional $300 million to buy more ow= nership stakes in Valcourt from existing shareholders, the people said.<br>= <br> Carlyle AlpInvest's relationship with Little= john and Valcourt=E2=80=AFcreates a conflict that has to be carefully manag= ed, PitchBook has reported.<br><br> As well as being the lead investor in the co= ntinuation fund, the Carlyle Group affiliate, through its primary investing= arm, is one of the largest LPs in Littlejohn Fund VI, the vehicle that hol= ds Valcourt. AlpInvest also sits on the fund's Limited Partner Advisory Com= mittee, which is responsible for managing conflicts of interest in transact= ions like this one.<br><br> To guard against these conflicts, the GP is = responsible for hiring an adviser to conduct a third-party process and sell= to the highest bidder. Littlejohn hired Campbell Lutyens to run the proces= s, according to the people who spoke with PitchBook under the condition of = anonymity.<br><br> AlpInvest also plans to recuse itself from t= he mandatory LPAC vote required to waive any apparent conflicts of interest= in the deal, the people said. This is in line with guidance from the Insti= tutional Limited Partnership Association, a trade group for institutional i= nvestors.<br><br> Scenarios where one firm is both an LP in a = fund and a secondary investor looking to buy an asset from that fund are in= creasing as more primary buyers look to play in the secondary market. They = are positioning themselves to take advantage of the=E2=80=AFrapid rise of c= ontinuation funds, which let private equity managers buy more time for comp= anies they can't or don't want to sell.</td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLmOKHTuouo1Kj6DxIfYWL-2FssZm8-2BlGw-= 3D-3DSJmV_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE= 4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlx= EolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZ= vHnrC4yv5ToHdZR6Ioe3Sv5fm1HPOt9d2yw0Rpli4ma54cAMtsm25WAx8NSYwaxxxetowsUGVkR= 26MY3LS3VmvHuNVlJo-2BpYt-2ByqvPclGSTvCXXojxGBNLzpuCiavH76WJqjh64y1VNIQ2cCWO= AHQoKYqRmgpbxzcISsMJZOb1NzL-2BnjdmifiWZ8HM6d2YE9ltgeYIIMgWDlemRm7vPdFeACVRQ= 56oSWWQZR7cqqYZk1MalD6XHS5kSI8tlGp-2FJrljWv-2F8Ehc-2BjoTE5-2FsIfsgFWQ-2Bcac= s-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; tex= t-decoration: none; color: black; padding-left: 3px" target=3D"_blank" univ= ersal=3D"true">Share this story<img height=3D"24" src=3D"https://fonts.pitc= hbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; marg= in-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated story:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0cGMK-2Bqzw7tiLm= OKHTuouNADxOnG1mMpEAsLcasvEzQ-3D-3D_4eX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB= RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQ= DmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwuj= vQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3= ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yv5ToHdZR6Ioe3Sv5fm1HPNnjJAUdZ4Se-2FAv9= -2FLwnmYwr2Pq-2BGP4Gl-2FpZJiaaiXm-2B-2BKSub6gAk2dT9J6fPIxAGLhoMPKgvZzW8Ebri= m5Z-2Bl5wgdEHxsuBBHdKhkS4RjjHaPaVJp-2BedpgMbebeT5l2QGbYZFgK7OLs1rTGZPeGySP6= F7ojtrmveeGjXXPeX5aruB6IrNmh94wGg5qVUISgUGeVz5Vp11h2eayA-2FGET6sh6XPFGROeCW= C5deHkxn0ztBIuILztZAPHFUOEDwYr-2F-2FA-3D" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">Fund-of-funds doing secondaries adds conflict on top = of conflict</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>What will Kevin Warsh=E2=80=99s= Fed look like? </b> The nominee was an inflation hawk until he wasn=E2=80= =99t. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1YDyHW5r126DxANQ88UXIyOEhjoNQdS-= 2F0WVI7A4xWXA-3D-3DkUyq_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd= 9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2= B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiI= T8uf2N7avJxCtZvHnrC4yv5ToHdZR6Ioe3Sv5fm1HPN1YccQSjtnNwvDfu8RyPP-2BnOBKesnGK= qmV8QEY2sQLncrwW1VBR3SvT2iSzeT6iShVYEjSs-2BIXJWhueoBPUuv8F5aqrZUtr3qhmmeLgR= TD-2Fx2t6Be3svP9IA8oIwwBUuEaLI0G-2F2D2rVHhzbEbhxHRxpKOkbifxGHmaEUZb1WTmM-2F= JXGCb4wrxwIL5N-2Bql54qLHH3yJIB49UEmw3CaUy6cwjM6VZiH-2BGy-2Blmkc-2BvFDjCeQB7= V4Of4UQIN1ALL2Ev4-3D" 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= swouzV1YDyHW5r126DxANQ88UXIFxWc6kG6w7ynyxLRfmt2gg-3D-3Dh7Wh_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawM= v90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL= 68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzl= O-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yv5ToHdZR6Ioe3Sv5fm= 1HPNWb7yp9P5dN4MAojEwl9u87n4vAWZ2074OlKhf48auf51xDigRNVGce8-2FZBDO2LYF3m4s6= 6EDy9sZUkBhGB4ha6m9irPHZoXBpiOItJXGNHI-2Fu7DrnJjFlwfxn2adGw1pGcNW9M8-2B9FDp= 158Gr6yUfAMpjZAs8IuUy01qRH4opIWrh-2F2rkbVhqhgpoxbqVoO0uiHquL7ZS7EulRj-2BEaC= GUgbdUc58V48Il9MRbuzJ1sheQcX-2B91DZ3zJXq5H8whVY-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= 8UXI11rtAoaopX1GP1Bop8GhgA-3D-3DCoq3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC= fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmO= yXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQx= uhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3Zvk= IK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yv5ToHdZR6Ioe3Sv5fm1HPPpw3GXR5ftSpYMr4Q12c= Q2Rpv05qvNkBA5WZMTXNAyGc4COdN7xr7MWEDpevn-2BtkrbY-2FpVZceYkzrDzr7Ib-2BW5lAe= 1mLG7c0wNXdMcBBaU0Fsw1EABHE165-2BKKeLc99V5NXCd8CPe-2BC20A9BPX1CsggyZp3FMCtT= 6MKm5jRY-2Be1ztM58KUxVLwf-2FAklQPgMJZkF9-2BmXvp1wplv03n4u8KLqPTfeYQdTH44bPB= nSQhS4iohs91fkSW0q9lKzrkG6IU-3D" style=3D"color: #1D5080;" test=3D"">Barron= '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; " 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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;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzV1YDyHW5r126DxANQ88UXIXVAbyyDOJgrqRWyXeVqhGw-3D-3DBSt= R_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2= F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh= 0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjl= XUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yo= aTfpNyxXyAFCVV-2BOISq15BPT7bEz65zoMVXDUbv45CF0xrKsyjZeotj-2FVlF5ulqt3JFk5a0= gt0GWXrkJEhgJZcz5PJ-2Bt07CxxBHdEmDU-2BtcwPI0LriUFt-2FFIkMF7KkZUEenR1lS-2Bh7= c2mtOmQLz5D8v2tqyowD0Nsv5nINXQjQbxJz2HKLdn4OwfJjYL-2Bs5nVWO62qOk-2FQ7NM9Pml= mmk3Sb4ddvJeGr3wy3WhSvGOksa7reyo6WIRy7mtWkJReZPl-2BnVcpoMXTibD4BsthQiU-3D" = target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px;"> R= equest a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_577167" id=3D"n_577167" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2016 Nort= h American VC Funds </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table cellpadding=3D"0" cellspacing=3D"0" lang= =3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: = 10px; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Median IRR</td> </tr> <tr> <td style=3D"padding: 0 0 20px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 66.54088050314465%; mi= n-width: 66.54088050314465%; max-width: 66.54088050314465%; background-colo= r: #1D5080;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">15.87%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">23.85%</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout= : fixed;" width=3D"100%"> <tbody> <tr> <td align=3D"center" valign=3D"middle"> <div style=3D"font-family: Roboto, Arial, san= s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27= px; padding-top: 5px; padding-bottom: 5px; float: none;"> 0.83x </div> <div style=3D"font-family: Roboto, Arial, san= s-serif; color: #000000; font-size: 16px; padding: 0 0 30px 0; float: none;= "> Median DPI </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%"> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co= lor: #000000; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 0 10px 0 = 5px; line-height: 24px; font-size: 14px; font-weight: 700; font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe= rs</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzV1YDyHW5r126DxANQ88UXI-2FYkf50wVoA2h4X5hR1WvXg-3D-3DnV8I_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2Fka= wMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7n= CL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BG= zlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yoaTfpNyxXyAFCVV-= 2BOISq161vUy1Fispa15ool65GTfK8zw0zIArera7ruUyOMZaWpnHMA089zwj0BnbmURqvDPQp1= 3AWUnJ5-2FsSM8QvyFnkEXpYQrrlJc2Fu2DgrmdbCqm9TkhEZmEZB4LC4erPOIfwseQ61G07l4-= 2BHyXFwYfERbRgKTYT1nLOGBgiL-2B9JjYgRrST9VUK-2BTQN37u5klVdOEmGwA0N1sge5SZTA-= 2FIONq2V9dw2gbT629Vs84OG73K4imc13c8-2FVwcbl89xql4bc-3D" style=3D"font-size:= 14px; line-height: 24px; color: #1D5080;" universal=3D"true">7Wire Venture= s 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= swouzV1YDyHW5r126DxANQ88UXInuBru1OYkHtDABN-2BBZvYXw-3D-3DdZ4t_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2Fka= wMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7n= CL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BG= zlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yoaTfpNyxXyAFCVV-= 2BOISq14Vj34SeqFcQHgpsstgFNxJ2nEZNXb5dgK0jwUG7c3Zp6k90atAZvX7XJKjmxNw87U7JA= zKpGqdULN1yG3QkMNABbauB6QnGm1n-2BDCsKFY-2Bbg7gSC6FhNUzFiPvO3XA92jG-2FcWOkms= WqYFkZ-2BwCMJFPoAc1mMGrPIaPYna-2Bg9-2Fi-2FiI1D-2BQjt6fRAs-2BgjKybplhK54-2BW= v-2FXo9b6NgfLhGoE53NMt-2B3HBo4f87RApYVOBOsVS2iuvXHl6nj4U16vwXX4-3D" 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= swouzV1YDyHW5r126DxANQ88UXIb8chz7puELtMyPeyIhmpxA-3D-3Dk1pN_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawM= v90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL= 68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzl= O-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yoaTfpNyxXyAFCVV-2B= OISq15rBhZtwjfneHMxvpiYWTQ59J2AFqIfxEEnbjED781i1h7wtXypXS8O3CNxkp-2Fjz4tzdQ= caG7rwIfv7-2FVEvDyqrNcRiQVH7se5IqRs30EZlht0WoxM-2FJdCZBB6WrcSlH7K6UWWuC2YpZ= -2FaVWFnPUGarhu7FbquCTWEQvnGF5HLMct0MskR72-2Bo238Z1mR6KZNIr-2FZKtixldhRWFmT= 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uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV1YDyHW= 5r126DxANQ88UXIKdPE5DSswJgF8-2BwQyLQu1Q-3D-3Dj4xq_I3w5d9c01gkD8gLzFEofZR-2B= h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh= -2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37r= PHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzF= wdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yoaTfpNyxXyAFCVV-2BOISq16skCX= Zi7YfGSsCAWRuKPlqxTuHGldye-2FBV5w-2BouakfwAbr2dmCjCqY75MrDYLUZLC-2BjiqAOAh3= j-2BfJJzlibfZ-2BsSHWCxXVmeCSBu-2FY8Q15HM8bnRgupyQ-2BU29b0SmV6eAZi-2BARzYf9a= jEtHX0C0uF32AfABXlMDO9u5CFi6rpYlVMFa0WRe18neW-2BuppR2mgL3mw6KeMNyxUp-2FmaN8= IdhVY6BF3ulJ18AtHZHkX2BHQsixWAXLX-2B61-2Bdt9H-2BEcFAU-3D" style=3D"color: #= 1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0Ud4Rp7MBATXJ3b2ueFjDNDMw-3D-3DL= slY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA= -2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Pt= sh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeL= jlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4= 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valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0UdTH7vgc0yAmMtTkNyoZ= D3aA-3D-3DUNVb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5p= pVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIz= lorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7av= JxCtZvHnrC4yoaTfpNyxXyAFCVV-2BOISq151tsBizrhFxCENLi-2BLSWic4OzJXSmrkXUbVw89= PIr75syZJWhxgUDI9Zjk3RyW0SL3I3ZgPueZTWzKxCaOTH2eYvROHx7npU9dvw23ScQcvLnlO7v= 5qXOzCv-2FfBRxRIGkzkfVIbfg1as7sDO9iDwdUJpGAzEl2hXy-2FknpcblwqnaFfp1uGfI6Ady= TcFDKqQqeqRhYWx1dIt6qBxeoSom7o68kgboHfIEUcJhjIjPe21SV5A6ZxVWlCQgDHTY1UybQ-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-2B8hzCRb0UdSE8ZxL= uQvQOX5gMKbcFCKw-3D-3DjYmw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1= yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kX= lZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABv= Y-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZN= BiIT8uf2N7avJxCtZvHnrC4yoaTfpNyxXyAFCVV-2BOISq14qTrpKG-2BxT7hmR0qnQ6XA9P15d= JkWdyQY-2FhjofH-2BRIM8AXlWWx-2B1GUyPEiANEV-2FavzpEFC1qUqWRNvpGMOUNxzqFbe5cI= AIbyiW1WdW807DRS93K-2F-2F1I4kfbftChMgL3DX-2F1GgU-2BXuqTmMljHIEXpssZYHOH9XBm= EDX9q1qKDnxvRt1I4-2FqnlkgP7BHSN68QkVMqcY2aIEZ3co7o0oB9wsMewZtk4Q3cojUoU3cr9= Y8ZVGLh07wjrUL6ihDIBrQ1E-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.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0Udvi1eEK3ZF-2FQN2XK2qHFmNw-3D-3DA= 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<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= dx21uENHdj2sxVcX8byVapQ-3D-3DQRLU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXx= Q7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJ= h8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-= 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7mnJeSGG58eEgj46pnsE2g7B4Q0-2BjKBRImnuIGS9f1bcTEI-2FDhzIy2RF3qx820lvomKvsES= Bmp69Wm8k73pjyDAkxAOIaFBiDev00BFJqmocwcnHykoAH2iuprOxA0mJdnGebAS1-2BJohtSjE= bpsSziCO-2FrYxQe6eMGXeXxMzBiARoJOEpmaJxwEhoM9z2NbdkpWUNmApP3DYE9asg-2F4wZFP= T4YEfe3VnztY-2BjKOh-2FCr-2Bg8e2hTZEpA-2FpDlYSdFV07fGg1BIyQKS7o-3D" universa= l=3D"true">Eclipse</a> and <a test style=3D"color: #1D5080;" href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0Udj6s-2BUo5WMKlVEg14mISMxw-3D-3= DS3fn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFj= tA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45= Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolb= eLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnr= C4yj9m31WShY7mnJeSGG58eEgd3F4RJq-2B-2BhwcNbz8z1nGPmljTwaoYt6oABy6j6jHOKDmrH= qGuWrLPz7JxgDUlj9TX1ecbax3WxzoJxtTzQI2znqRltIfG3ltdnknJr34sh2OdAktuaVyJzX8C= wkYrb1AmxQafJa3UQK4LZyiUqDVxAo6uvK6Z7E3vsVmPRjL3rAsNUWmFf85qafjSW1EGTk4aGtL= dG4-2FRdOCoEnWOSdfqeaKH1JBzAtl8SPeBrTy-2BBaMSg2zMiutsZHeswVYZbfU-3D" univer= sal=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-2B8hzCRb0UdeczTIQNd47826ebSctqHPQ-3= D-3DlLiN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz= sFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4= w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxE= olbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZv= HnrC4yj9m31WShY7mnJeSGG58eEj-2FwnKGGPtJIcesvgOhywHNPZtAO33LbDPWoX-2Bemf-2Fv= STeCLbPViQf6sM1R0OFCgN-2Fpave86nsoaW8itIV-2BUYpDChgJ0LoTL0aGWtQ-2B2XwtEu8NX= 5E7NUkp-2BHLNaynFKArQA1XjvrWZ5ToMorI0N-2BFqYYhHCZOSWLiLEXXus568ysLg9YInYUJ0= jq1mXCTuGzWV5vrPBrtXW7zLJTTqj8p-2FeTYeJbYwFHNrRRlufk4JtG-2BJ2VvSTXEtAzxkqWN= DxJ4-3D" universal=3D"true">Fred Eshelman</a>, <a test style=3D"color: #1D5= 080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVtJOyPMjUXbt-2B8hzCRb0Ud2Xof5oTww= O4K1xsbBwW5MQ-3D-3DuJ3f_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd= 9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2= B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiI= T8uf2N7avJxCtZvHnrC4yj9m31WShY7mnJeSGG58eEgQDWI4FMEwHSVu8PRnH3I6fJ6LESGkPth= m-2B-2BPSkl4MEDh5Mg12MhZAVxfzCb063wbbB1vWJirVlpwDTaaBsdTDIvcnfo3jFzEkzRJpAh= 3cf1jXl-2F-2FxTCnvx-2Bc9lkzsQ3noL0SFhZT-2FaSnHBWsUfqXmF2ewU8Yd9nlgl4c5NMJBS= ChrdwhyPXMc9wOMLu-2FTUyMiuWTIHGFKg-2FpL1kkBZXMWQZdv562kpGpXUr4cTUVrt3egs3SI= GU7XZezsZ-2F8QCM0-3D" universal=3D"true">Mark Gergen</a> and others. <br><b= r><b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= VtJOyPMjUXbt-2B8hzCRb0Uds-2Ba5VaMYciq-2Bned3dTVmmA-3D-3DzI-G_I3w5d9c01gkD8g= LzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2Fkaw= Mv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nC= L68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGz= lO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yj9m31WShY7mnJeSGG= 58eEgvGfLfwtwg8JG-2F6xUsKg-2BreS3Lsy-2BTo5BaBX-2BQlbXKY2ll-2BMslC6R8Sf2L-2F= 4HHaWHE8J2rHeQfoecRNXZ3Qbl2xiKxIXpVyQLHl0OVN-2BaNg9B05bvZ6iQjZKG2erFBsRmlK0= nHQJe0x1dlP7hnu665V3uw91-2BuK54O7c0jQAYJSIiLPAjP3FdiCBslhSv0oRXYuu8wHdZ7sdz= Xru-2BZZzCx2oI2pZqQsP6A8rWao-2FSvXYCRoN3DGZdBdhGvS-2BqnPOM-3D" universal=3D= "true">Poetiq</a></b>, a startup building AI reasoning systems to help mode= ls improve themselves, raised $45.8 million in seed funding from investors = including <a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWCA1JhVTHjVBjjbl56q2d33AwhVZ-2Fy1dONvmOd822nag-3D-3DggY3_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2Fka= wMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7n= CL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BG= zlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yj9m31WShY7mnJeSG= G58eEhzWyLqj8mD-2BwewF2Z8V2hz-2F3aFPeYzu5sIaapdIet18Q2nIT2-2BivSWlmpRon1LHa= ftBOG3-2F-2FMFIoCnH-2Fsfaxv9aa388BVAeRcMU6NJzOaAM2wx-2Bx5CYVY9CkLMvVaG-2Bxe= nd84THLj4jXgUNis9uTnn95w54Ox9lLimaBxTKiHia62HX3DQT1iNPnA1Oo8ZDId-2Bd5PON6Xg= uoohkxmIDjFUMBSV3Sjo4yn63LqRFiIPwJFsTbRh68t5D3jO-2B3pYwhY-3D" universal=3D"= true">Y Combinator</a>, <a test style=3D"color: #1D5080;" href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3oyxw8DL4-2FGPrHY4GtywF-2FA-3D-3Dgo= YB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-= 2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Pts= h0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLj= lXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4y= j9m31WShY7mnJeSGG58eEji0jNbdMCUyzE-2B-2FVne1gtspeOmFVlTuII9-2BZ6-2FnDOSf5Ej= GI2ghm6sV01gUBZ-2F7xuPTVkZOm4ar4-2Fr6mVu9AZjgzkM0a5wn1VpUZqlhKjgeZZCYwLGUyQ= ntwUW4UP770prWRFCOOhuTSc-2Fq16J2oCQrhYC4I-2BdQJlKsSUrKdLz6fYnq7nljEWyzHHZyK= xJvkrMW63SNBrmBlVhl8-2FRrLP4DIog3ZaW3utDJyC9zjvrgoruAbAKFHSWrcQFfIfboMQ-3D"= universal=3D"true">NeuronVC</a> and <a test style=3D"color: #1D5080;" href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3W3bxaSeOzI5RrlNx97DDv= w-3D-3DDBnw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVw= vE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlor= lxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxC= tZvHnrC4yj9m31WShY7mnJeSGG58eEhMvpQCGPafTJN37Kh2c8YSBZqc5l90-2B5RodsATCbwyq= 38YPZyNBAZOzWK0KSNwNDRT8BBHYQAdAsLA4zseze6j96IBCW-2BHccwIV9spcwqfWiOePYvrzQ= iLsjFfwWLiOZTHjWJcIu-2B0oxuZ7ETxFMflAzm6s-2BdgL-2Bfb8tz5hT861cSP6t0Q36Lvo4E= 1Wp5CVLqnhOoyRHZ7FLB0woKqK1-2BF-2B9mPGXzdyWlBAaHh3be78Lwviysr4dj6O7z0E44Vwy= o-3D" universal=3D"true">468 Capital</a>. <br><br><b><a test style=3D"color= : #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du= 001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3uiMP0= rE0-2BAA6tQVhj3yf5w-3D-3D3uhC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b4= 6kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8ey= ABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNB= AZNBiIT8uf2N7avJxCtZvHnrC4yj9m31WShY7mnJeSGG58eEgvgbPiooyWmxAMQmCI09gn2fM7Y= uJ-2BbBJnBUG8JvU4eK1Rcmw1EkkbRI5tjm8aFDHMZWOB3JUkzMlvR2gS-2BBlOEWxHoIZMovtX= DCjgn1PQmXhLMFs6ZJSG9lAXzxFrfUN6BFHt-2Bf-2FIcSuuwB1UbtInmgfiCqQCLfaMbeFOW-2= FcuQAyJ92HTfUSfRVqPg4ZxdIEPqeszWoH9JXK0hFLS-2BxOoRHDHv-2Bfi9K1BtGXPj7IZ8-2F= s8hZqOCLfIrI-2FoPtEQC0k-3D" universal=3D"true">Talos</a></b>, a crypto trad= ing infrastructure startup based in New York, raised a $45 million Series B= extension from <a test style=3D"color: #1D5080;" href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzWCA1JhVTHjVBjjbl56q2d3ko3aaNkZ8thvTUc-2BNJzvCg-3D-3DJ8xe_I3w5d9c= 01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLi= 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</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-2FcjL9KyTooukBj8SVXefZf35LRDXh= yhkA-3D-3DQ4TJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5p= pVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIz= lorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7av= JxCtZvHnrC4ypFu3Jb0vbeefT8uBgDee88RCImu2-2BL3G70Aj5wC08aYmfH-2FhFwIYhJiS0q7= uvDOeNWkNRMAx7pTWCDLqTgBC0C-2BvHtwwzbziuu4SlAmOC-2BNHe7We5w4ELYeu6UB94DA75Q= fRiX2-2Ft335cmV77IBpe3WlZGfzFB7emU0JkPnRGYM5XjgHBhUpZNArKm3woA2PwGQYfXLnwJo= mMpviPGQXWKZxIHYh1YEKiZI3L7Vr8mGOyQRwtqw7pkI6SMdI6IYWa7VQ-2B6QbVxcnrmiNPXxB= BE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Permira</a> p= icked up a minority stake in <b><a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0D= 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tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4ygRiKNABRFmF5b1u-2BxE7k-2Fnpxwg6vX= LP3YOQUa7iXxzgCDBPpoMjs95Oj-2FHCzFNHTiz4UNGOnXftwwyIbVtQCdKlkeg44ZCeor1br-2= BpmA8ZU1m2XXEFOKH5ytNvYm9-2FO3Z6XWwHBNOK2AEk8ABcrLQGp6V-2F5wFvZiJmD4JX0VC4I= G8RWclnjrPV0tgMbQZerVmfTx1n3rE4Bo0PIaeDJL6AvsG-2BAPmaPaCDdVMEIeMCTxQ5Ewkeha= lqryrPHSGGc3mK-2F5QJPgk6-2B-2BKUQkmeP2q4-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">Main Street Advisors</a> partnered with <a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2FcjL9KyToouWzzOsu1pmVW9MBswZRMSPw= -3D-3DdnZc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8= PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwv= E4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorl= xEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCt= ZvHnrC4ygRiKNABRFmF5b1u-2BxE7k-2FlCN-2FefXINXUagB4F-2BNKyd9oxAa7s4sMcu7Fq3A= xnHh59pRorVatqgyIRYDN8ozel2qaDnvJJg8QSEDU9Iy5oRee32GwOOig7r2cMCcnMVOcKg-2F7= wTjjzQPhdXatwFDRPvUu5-2BOiq-2FD998f6mJUEoPqJftFUbR6wgUMnV5fINsA8rIMeBJ-2FmO= ogradxWzBiIfo1v9ll-2FffhNkHV-2FT33Uqzxd4PpSOxDBhcmd9sLrGWD9izjp8EFmf6HnNT5u= qjwHeY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">IKON Capi= tal</a> in a $50 million consortium deal to acquire France-based MotoGP rac= ing team <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXq0DA678kft-2FcjL9KyToo= uDU0otVcg5lCCOpyTXIYi8g-3D-3DMb1G_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXx= Q7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJ= h8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-= 2BNBAZNBiIT8uf2N7avJxCtZvHnrC4ygRiKNABRFmF5b1u-2BxE7k-2Fmr-2Fl-2F91qt8Fj3l7= 3Vlo5jbuzDLnkQ0KJT1IDVxowBoKktQjyNmCa4COoIXcCwvTo0oXGDUioYgXKMiHhEfekIvX3xt= 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IeT8nNQeWTVKHyiPy2fIlNW7ncAitntEYcXMtHP-2FDxnN4yzaiJ6iAgIIsBqBPTRo1c4-3D" s= tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Clearlake Capital Gro= up</a> made a $50 million equity investment in <b><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzXq0DA678kft-2FcjL9KyToouNI4ZoUDDXkfFTze5NB3VYg-3D-3DZkrW_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNn= sLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2F= cvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNe= EdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4ygRiKNAB= RFmF5b1u-2BxE7k-2FnhowQbgsLTM7hoI55sAOv2D7wIJYtvy4oEZuRUAnbYnT6NhIaj72-2Bo0= sv5FMJYYq0ueA62nWtRRQ-2F9xD42Mt03W6T-2Bo-2FhrDJy93hUja9H-2BziBc8eo826Hp9Bpg= lC2tubTylAZLPvFHAV2fZIMzCUdhWsIQyxcS-2F16t4LeTwnwuEFHxQtNwoy-2Fbg3QHp5a0j-2= FpZafxZE-2BSu0vY-2FpHm6RtEodzmOqjNS3mTXz5sEiRvqEj8URynMknjK81iTv-2B2tEWk-3D= " style=3D"color: #1D5080;" test=3D"" universal=3D"true">Pretium Packaging<= /a></b> as part of the bottlemaker'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-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknHa78PfLbK0x9gpfDiX8x= NQ-3D-3DTt-w_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppV= wvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlo= rlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJx= CtZvHnrC4ygRiKNABRFmF5b1u-2BxE7k-2FmoEB7tI1UI0QvrOv-2B9Lh5bM9CpEmcPJ-2BUxVx= 53AbVzxI5zZ8YbKexzBuUpxuntWiLCBAvGioD60ahvoCRNppCy2XuVOVV7UCCUFPNcfQ3BDc2tn= R9-2BaAC8WFutBwNr2b89pwv3CIZFZ0yDdWI1Udrl5YBwSdqaf93QVMxhacVy3kmtScRAidZnuK= oQmCq7CHhNs08ypjV1n2Zxjgo889GjZDwFqzJ8wtK4Hu6A7vW9-2BdfLYu8Ogc1EEeiG9N27lzo= -3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Oats Overnight<= /a></b> raised a $45 million growth equity investment from <a href=3D"https= ://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr= f6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknDOfwPVS2SURANIg0lYMj9Q-3D-3DRM= Ft_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-= 2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Pts= h0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLj= lXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4y= gRiKNABRFmF5b1u-2BxE7k-2Fl6dt5Ydbej2JoEYA0q780FNDPz5juosNXraGlc7SdicUbt2RCo= 6xYp-2FvqkZaIZ0PYJnltNRyuTD6GD4ZnFc9r-2FhmEdUp0ChfwspYP1XyfD6FcB5Z8qHvypbdD= jPXKx4F-2BRBdyZ-2BZl5ceb69ffo48YpUAOS7xnK-2Bve5jBoGmtRbBDkRQuwyimuFHTN5Z39Y= Ubl1KwBsm0QWPMiVys78qNaAtsPcISCUX-2BU6EbIo6PG2ZsUHx6hi-2B0X6hQnMLW6FOUg-3D"= style=3D"color: #1D5080;" test=3D"" universal=3D"true">Asto Consumer Partn= ers</a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIa= kn3ML0cejN-2BnvP6n6VDiyO-2BA-3D-3DlXRp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR= FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQD= mOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujv= QxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3Z= vkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4ygRiKNABRFmF5b1u-2BxE7k-2Fn-2FwaSIICoEdS= y2tv5Hz2zlil3BhcoaPFTvRyBLW4RMG6M-2Fkt4pIR1lEBdE6p7ZP8B2lZoh3t1GT0Rtxw-2B2J= NJh-2BBL7uYXFlPxj-2F2Zp1EAbhuGCqRQI0qlJ26svat94FDNUAkm91IgoZa7oGFxyVMQWEmDz= GgwCFYxi8pRymP6J-2BK26zMiU-2B01CECC9yd3DZN6bUAeBjNIZLZ2ILl6yLKDEHGwUtbu3xLE= Od5ioxO4xYglBlrT2AVK8JW8MTLSHdB8-3D" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Nextalia Investment Management</a> purchased a majority st= ake in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D= u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIakn9yLU= dNNbU1KNHCxCjDVnow-3D-3DDD6j_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46= kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyA= BvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBA= ZNBiIT8uf2N7avJxCtZvHnrC4ygRiKNABRFmF5b1u-2BxE7k-2FkLZ-2FOY7sXGOuisQwq-2FCq= ctDvbpEqw5cT8bF0HnoqPX6U97ubbRn2Oy1VX-2BP2cRvyFtJNg7K84mMoSkjs5NCFe17ilx2uX= rZ77BQqVYkxAd-2Fas0Yviay9wPeT-2BIZnQsNC-2Bgn2QacygIbjC-2B9uM2ybL4hvKBcdEoQf= zplnMCzplikMTHxJ2f7b1BM6F7eYNe5S7qvSGS8t4nWQcpebiMeMffyuEhjcNyYlVgR7dg17u2b= 1aPDflMVcaCyMBTMsLcWOI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Business Changers</a></b>, a Rome-based IT consultancy.<br><br><a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIakntR4nZdvEBvotE0IQMM1= Y-2Bw-3D-3DAzkp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5= ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpI= zlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7a= vJxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJkVM1SnJxlieDFrLJr-2F5rH6QTp7STs-2B3zFIKc= JmvkBbFrjhCWaJeYVOKDv0mKPwJXE7rXelgynHB4IXoGUHmKr-2BHT2V7L-2FjGPKjGg-2FXc3J= 1tmm8PQZac-2Bzn4i27ezCZZhYPE5zSPR7OK3b6m8nh04aFa556hMjiPaRpSz82H4Lm3lSxG-2B= y4tkaQz1GdEc2fiBy6kapnHkmtWO4QYe0vC6gyFhBhG8WpkcLUvbG9KxCuoU7-2FQomMunNrLU3= 45KXpOQjg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Avedon= Capital Partners</a> invested in <b><a href=3D"https://url6380.news.pitchb= ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou= zXQAM2fZ6wmZ8kBBeHrIaknh6ASb2745ep6f5zHrAUu6A-3D-3DhNCQ_I3w5d9c01gkD8gLzFEo= fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90z= cSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gd= SQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2B= Ho8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJ= kUALfOTzGVSlGssRdgkMYGy2Irv-2F-2B7TKjFuAYBNUVUgrk0jSXlbqhu6NJYVtg-2F3Zabu08= M8gc5zauUGAicVVvdj8XKDw9T9QolDi1Et0AjiED8sOb2MLiOthKxgBgZ1LgIXCsHDssgVpBEb-= 2FYQZEfMtdP1kNSv-2BKQuqyTJjXNOXwJyJBrzz7TZmQ8KIf2VZ-2F5sw8ff2Ig-2BVp7CSg4jv= Or0luQGxB0ef890zvZdR7iVsClGA7xz5eTuoI5aXdQZoegc-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Eurocircuits</a></b>, a Belgium-based print= ed circuit board maker.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Portfolio Companies</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIakn2oBNDth5x8BY401Q2= nNilw-3D-3Dfk85_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5= ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpI= zlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7a= vJxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJkVpLjsk2SGQJAiw4OsblDJHU6fPtdmtCyQwcACsd= Q2ml2CD8cP3OZOFfx8eXTPQpi8lyMTYOqWzxRmJELzTE2389SK320L79jE0y90whvdaZUOFzcZL= piHhb91pSNUPssl3p00YO0mIKb1qlVvcT-2FZjwSUr2W6TDRN81KSKeDbns0-2F3Z-2Bid1JEMU= hLydlLwLuGsanxRhHH-2FltxBTWp-2BlXqQMrYIt5HitRdlfQUdtxnBM5CbS1Sz-2BpCAmhM9pi= jZdDI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Jupiter Po= wer</a></b>, a Texas-based battery storage provider backed by <a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIakn6R4RWo3aaFY3px6efPt85Q-3D-3= D-rDk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFj= tA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45= Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolb= eLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnr= C4yj-2Bsbk192CdOx5HnNUToJkVDiAzvTn432gnbF1LaHrmf98U-2Bi7BlhRYQO1cdX0tNEgIgP= bYJebfUTHpSryphZp0O69Yd4hOVS6cpHX0CkrY2bzfRKZe0l0p0dTPPl0l7KecqZE8tt7XwYb5o= 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uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">German= record label <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIakn= EVEoXxpQCsXMZalKUbQtyg-3D-3DXcb6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy= -2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ= 7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh= 8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2= BNBAZNBiIT8uf2N7avJxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJkV6stGEtl9JhRxTagpt2jig= ONQMhckKNtrZuLbwjM9uNAtT3iTdJ49JSqM9yM0XgZmzJ4yHg62XGbtc7mBv8zVaFJ6kpeYMDzX= WRruCT16FTB20-2BNSEPIS5w6o-2BA3GdchLqayXt-2BP38DacSAay4q-2FKGPtPDZPGecflVJu= 8vDCV9zewYgA9luY-2BU6fqDCFR3hmWCeQlK2UwtVOkihPtCdm4VBnw9PPDvR1GdUGAveNbhk3Q= TUvZK7hUh5wRi2axbJKg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue">BMG Rights Management</a> is considering a cash-and-stock offer for <a= href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br= X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXQAM2fZ6wmZ8kBBeHrIaknktHCYvI2DUo2BPAG= wg2XbQ-3D-3D2uah_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg= FVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw= 5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYp= IzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7= avJxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJkU9ts3ZpB-2FGtXXBa04aQI3cxf2CaCO4JTuUpm= mDT43u5M0aSb8rfCtBuddXi2f1UN5xN6HZf7WEVXpbN86FPE2JuaCAMT8DLbOHmVxDlZZYuvOBO= K-2FEAcUqsPuEG1jGzOu1oKzI28mhAGH4E15cEBzKHWNPbYmJCar09e-2FWeI8-2BdrcdcOsGPQ= 9HrNO5pbrevq7Wf5pbP21OsxfvmkdH-2BUvGjra1XJ7Qdnx10-2Bwlz4vykZqE8S9Hq3pWXfSVF= SrlWZk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Michigan = Retirement Systems</a>-backed music company <b><a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzVyi-2FzjWlmdQLHPyzbp7p-2BGpWyllehdeNHFDuBuX3-2BCXQ-3D-3Dqh2S_I3w= 5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hN= nsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2= FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxN= eEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yj-2Bsb= k192CdOx5HnNUToJkUnp-2B99hkoZYHhC6iIw6e-2F3BpznhOmzcQpR8Cczcw4oHuICTicGHg4D= lRhCCkCmC9DWTCUl-2B-2FZTA4U6Fz53A84LBZ-2Bd4jGoDONnlaNGZFjrWDdjqG1-2F5bsTPcc= 6QSs1Sxv8Osn2eycQzRnTZxfYSr9G2I1hTMqbH-2B5cV-2BLSR2FIRIYoRbXOsmz9AhAMPX7mab= 7grEcgYX2AZ2-2BnEtQV1HQBus8GWj12G4Eq-2FAD4L28yo92tONdgHkGfk4-2FvhmFirH8-3D"= style=3D"color: #1D5080;" test=3D"" universal=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.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2FzjWlmdQLHPyzbp7p-2BGUb-2BW= gyX-2Fb4U1snj3CxkARA-3D-3DKKGi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2= F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b= 46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8e= yABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BN= BAZNBiIT8uf2N7avJxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJkXUFfEscM-2BDJDzm6bmtDXCC= bAnTROuSO3ae0rK4Osd75w8-2BTurrJZ9B5veY-2BGA5187NSgUWkj6itWYi5RbxPCcB9yAjBbn= Xpvw21A-2BOP5Zd-2Bq7tgfa89sXR6bvtbje4hdWUjiiNiBCXczE-2Bd7VCso7yvAy5TRd9wfVb= ociDtNSNqGihYeDXYX-2F-2FfDTBN-2Bw4fkiDZNHhTddOdt5avRqKLBAdU0wQmeAqKilvN6bwX= j1UO7bUSSa03IC0Ca-2F0cgVaLrI-3D" style=3D"color: #1D5080;" test=3D"" univer= sal=3D"true">Halozyme Therapeutics</a> agreed to purchase drug delivery spe= cialist <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2FzjWlmdQLHPyzbp7p-= 2BGt9NtOWdPN4hTHJDlOKxCqw-3D-3D22lv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOy= XxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxu= hJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkI= K-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJkW3Nh7gJW0vkGpTHbzJz= tKMGzJYVXAqhloFpOZIeO819Crnor4BBTaUanYThzYRLgUku1JQTVYAmge80aNAB77WgE59k4EI= eoQNV-2F-2B7qRxZQgTxEz3ylbLhXJgUOkLXl9ZjfNrlsrQRNmN7o41zQLX3i8YHH4FnUvC-2Fl= Sk7C5XBWQF2K2jWriN6TDp-2BfVG8KayLSFP5HkWPAOX-2Ff5E1dtyDISlPGWojvkC9zs5jwHTp= SI0F6kjQsO7daJjkNRsdSLs-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Surf Bio</a></b> for up to $400 million. Surf Bio received backin= g from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2FzjWlmdQLHPyzbp7p-2BGyJe= Xcqqema8knekjEoAw2g-3D-3DEg7F_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b4= 6kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8ey= ABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNB= AZNBiIT8uf2N7avJxCtZvHnrC4yj-2Bsbk192CdOx5HnNUToJkXuz13qC-2Fa9tJIjw0vo1Ly-2= F1rkk4tM0pRyvDdDWdcYWh81K32UYmkFwirSELYDS2b0IkFYhzmmR6S4KkB40f-2BzdounSVNE-= 2FHMmcBMsAjWjJxeOXpB-2FMECqhhSvjgeU1xEebpjs8pJmb3qmCCn6SRULYZDJ3waDSBS3v6xO= u3cjgyvbjaj4SBlwodk-2FHltMIVcHXa698xxYqBlNQYO3J72MXlG8nlx40BxDcIbe4NsLdRBRc= fS5buNRc2qE-2FY-2Fdz6js-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Breakout Ventures</a> and <a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= Vyi-2FzjWlmdQLHPyzbp7p-2BGwZA7UBKRWfBflkMOJa91Bg-3D-3DDGYF_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv= 90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL6= 8gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO= -2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yriEvQTnXn8jo0WePHPE= P85TUDglkYV49-2FUWelnjhGAW30xSSs783z7KZqxuR1O0hG736Hd6xKvFQYl4TXKNFei1g-2FR= 5YI8hU2vX3sGPdaZEDR3-2FTTse74Tv8lg2SMKHxLZkedZKPoEHAeUi6hi4zdXXNUrqXgIpkE-2= FA7dqneQrDJiJ6-2FCcYmlkERhd2cpF8YGnCN-2B3UZxK0bD2OFd8-2FIv7pCsUGZDc0KdfEZaB= 1yy6FUAGo9A5BqumrVfxoqu4j1ey49rXmrlnWqNI0xRzpucE-3D" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">Perceptive Advisors</a>.<br><br><a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVyi-2FzjWlmdQLHPyzbp7p-2BG8PfhQz533tECmVuWlghG= 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left;"><span>Investors</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table 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-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RT-= 2BF-2FOedJBtbHqO-2FTzVFggqg-3D-3DYuSo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF= Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDm= OyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQ= xuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3Zv= kIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yriEvQTnXn8jo0WePHPEP86jwOFR6QdlDju1kV-2F= XJFopojPzEF2obV-2FjWxZRQI-2FoFoByqiuu-2BOnsyuqqeUplTRmsFuAnf2ViALlyzJX52WcM= p5xsbeWHRPk4UtUKFhPRHRxVHLWHas0A73q7IDmjZKt2SoLXQKR-2B6Nnb33RFMhWlNSToTCLnK= ZqlrxftlCUFI0xR31h3foC504pvoxT5JixBigPQlXT8xLu6JtadkeTGL2mjidJg2u5WbqrEu2DF= 3yeLo8iwB-2Br-2Bqvms0E3e4TM-3D" universal=3D"true"><b>CPE</b></a></b>, a Be= ijing-based PE firm managing $22 billion, plans to open an office in London= , Bloomberg reported. <br><br><b><a test style=3D"color: #1D5080;" href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RTmaEeyq4WjeJLb0gPGAUW-2BQ-= 3D-3D277Y_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFjtA-2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE= 4w45Ptsh0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlx= EolbeLjlXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZ= vHnrC4yriEvQTnXn8jo0WePHPEP85Iwcu5wkfiw8hNgtW1VfZMxgbTd1cezcUgZxLKhEQNqFj-2= FnPbAEy92aTVy1Q-2FFlJvlhYw5082u4d1RyS7sBQFPu-2F-2B6OHJuK0HU7RJ8cEd0vMgyCoR0= TzJ52rJ2iXd7Y36CoBFy5i4S9AwpmOq-2FtKfZLqucJORUhlA53QM1xUxNDq6xn-2Fgr2DzZ1VW= 6VLDW58VSPNs3XOzZOOdmeJRtS4mq4SdPzoUFdolRKAwQxa3e8ZTnmxMShkWsXuXBOhyuDg4-3D= " universal=3D"true">Schroders</a></b> is in talks with French investment f= irm <a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV= iXiFOPQ2frhNw6hsu91RTo3Gi5ythQGp-2F48qgH60zbg-3D-3DGcXu_I3w5d9c01gkD8gLzFEo= fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-2F49hNnsLig-2FkawMv90z= cSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Ptsh0dF-2FcvkrwZx7nCL68gd= SQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLjlXUYxNeEdNc4-2BGzlO-2B= Ho8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4yriEvQTnXn8jo0WePHPEP84= dzzX2VtMrIP7DiXccjwPwBQnzKp6Fixcv1jo5Spuo45HAoPZvNuzxMdpSYoiZvZCcd8xOsqCEYr= kYMpwngQmzuAmlmegsC1T2vZgVwnz41Y7CeI0K7hHn97nIOu45Kh80kCoEj99kVPow5x-2BM8Pf= gdQSPeqdkNjqsFHlG-2BKnU1x5wtDG-2BM-2B2xeyl9gcfn2-2Bqa8IozmvrT1Toye3PiJ89jZF= rlNM1utcwW7KOAaGUbSPYvwvw0upZ6c5yrOsUg5Iw-3D" universal=3D"true">Wendel Gro= up</a> and London-based <a test style=3D"color: #1D5080;" href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzViXiFOPQ2frhNw6hsu91RTVtMf6bkZ-2FVjYtbR8XR-2BIkw-3D-3DUm= 3U_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFjtA-= 2F49hNnsLig-2FkawMv90zcSRTdh-2Fir7ttSQDmOyXxQ7b46kXlZd9b8k3Fw5ppVwvE4w45Pts= h0dF-2FcvkrwZx7nCL68gdSQc37rPHW5EkGwujvQxuhJh8eyABvY-2B0GdgYpIzlorlxEolbeLj= lXUYxNeEdNc4-2BGzlO-2BHo8jzFwdoA9tpok3ZvkIK-2BNBAZNBiIT8uf2N7avJxCtZvHnrC4y= gDHAu9Hv2LOZON0XYkIfj5sD8GCBuOHMOn49JujSBVWaZnPB8U7sjsQQodsdZpcdDPa7VRfU9K1= QsxfGallM5tMwYmzI3yjPTFoKBbLEAJ-2B5GRa-2F853QRsxOknYUDpwcCI78PFHAg7u5UXgOr6= iEIJLHVeQTbMuDnBtoenQYHpeu7HkRWaVAxJomjee8XOX9CSopt1URnVq24trnjdacZL-2FNsjk= fvgRqaOqJCt2vkySfFTrril9GQ58dGYYpJSs5cQRnQFT6SY93Pl1fgAN444-3D" universal= =3D"true">Bridgepoint Group</a> to boost its private capital business, Reut= ers 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; 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