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} body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; 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pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">February 5, 2026 = | <a href=3D"https://url6380.news.pitchbook.co= m/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW7fFWYmnc= hwccZ5n2NfyIq2PxAJKVWVMflOgbozxN8IA-3D-3DLrRP_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w= 1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeU= wPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXny= ztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wBAQxE-2F2nD1vhKxrCn4KRNRkSlAkx-2Fv= q9jmDKK-2B6ZOlshr9VwumTFFhI-2Fp2RFc-2BeNr45sxRiDYLCH5J5vjAzVU69G6l4ltYx65eP= HnJDVYFTw2w1P8uKSXm1uogncSjJf-2Fh7mbxFU16p4971UNrdpI9txrF1ChB74lFNTSoAs32o2= 5LlnX7fUuCuujX6-2FXVlWO1snz6e9iSwKvTBQvK3QUUA90ehrm-2BujUggIgCo06pwt4AO9dQo= F9vRq6ik-2BPQAZ5qiojEfLBkTR7X-2B0aUpEps-3D" target=3D"_blank" style=3D"text= -decoration: underline; 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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; 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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_577305" id=3D"n_577305" 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;"> SaaS-pocalypse or SaaS-portuni= ty? </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 = Derek Hernandez, Senior Emerging Technology Analyst</i><br><br> This week's widespread selloff in software-a= s-a-service (SaaS) stocks is driven by a great misunderstanding. It's a fun= damental repricing of software, not its death.<br><br> The biggest question driving the panic is fu= ndamentally existential: Who survives the next three to five years? SaaS wa= s previously perceived as cash-flowing with durable moats, without much que= stion about its sustainability. Instead, those moats now appear vulnerable = to AI disruption. For PE owners, falling multiples could delay exits, makin= g previously profitable transactions potentially uneconomical.</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-2BaqM7ONnvsnswouzW7fFWYmnchwccZ5n2NfyIqR-2FSs50z= YJ5tnPfcY-2F2Gzgw-3D-3Df9v-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-= 2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9ak= OJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwf= XjuBvNUlaQo-2FeBk-2Fb6wNjx3WwkMYu7Q7N-2B-2FFbe9qTkXbrTrsqHSmw-2BLjf0nJcUSVc= b79MG3JkpoqaG-2F6Po048bv8zu1l2e1sjEP09Z1YN1hBKadf85mpZ-2FMvH53TWAtT467sPIaY= 2eKNT9KdTgbxPqjJCp4vlRBMQyegpL4tFCB40pLyocknYVOG572a0TuchOgEzvoktOm70Cq1vcE= 8RLUkXEoccSmBvV0R-2BUZjzyTjadl3mIfB4htH1YBoeZI8eKq2bnRmeWi-2BMjFhd0c5xzRGHo= -2Bhf8ZxiqzeKtbxw-3D" universal=3D"true"> <img align=3D"center" alt=3D"" sr= c=3D"https://img.pitchbook.com/news/72581.png" style=3D"border: none; width= : 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">Meanwh= ile, the massive AI capital-expenditure spending on GPUs and data centers p= recedes a future explosion in the application layer=E2=80=94just as fiber o= ptics once preceded the internet boom. Hyperscalers are building rails that= SaaS incumbents will also use to deploy agentic AI, not just their AI-nati= ve challengers.<br><br> With AI, code may become cheap, but context = is expensive. Incumbents like Salesforce, Adobe and Workday own proprietary= data, workflows and security protocols that AI agents require. You can't L= LM your way past 10 years of customer data. Incumbents are rapidly integrat= ing LLMs into their own agents, upgrading from tools to workers.<br><br> Thus the real revolution will be in unit eco= nomics and total addressable market. The old model of charging $100 per mon= th, per seat for productivity tools is being left behind. The new model is = labor replacement. A company paying Salesforce $100 per month for a human s= ales rep costing $80,000 annually may instead pay $5,000 yearly for an AI a= gent. For customers, this is massively deflationary ($80,000 to $5,000). Fo= r SaaS vendors, this is massively inflationary, moving from $1,200 to $5,00= 0 annual revenue. Software budgets stand to subsume much, much larger payro= ll budgets.<br><br> Investors will be best served by owning work= flow-critical SaaS stocks, especially those in categories with high switchi= ng costs and strategies to pivot to consumption-based pricing. AI research = and development cash burn and inference costs must be considered, and altho= ugh cash flow may take a hit in the near term, the potential riches in the = long term may prove today's market moves to be a buying opportunity.=E2=80= =AF</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 #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzW7fFWYmnchwccZ5n2NfyIqR-2FSs50zYJ5tnPfcY-2F2Gzgw-3D= -3D5bqk_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= R7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNH= hOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM= 8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2F= b6wPzh-2BMbp-2Fk3EdEpno0RXlqnM6ENHwNcz-2FLhAx7sD8konwlZYd-2FDHGHaGuj8jgTDG5= zSVeUg95HI2Nl0Wpp0IeELP-2B923GKTd-2FSJ8NQvb7z0vQDMzlZVx4MXUEJqQzeWoSWwjKjSB= 4NVxyhD-2BZRG6rgC-2FbJSSX5-2FT5Q7NH-2Fl1lnZDhm1-2FDgN8Q6HONJyY1LrFoFHRyqgy5= 4NzhiqIifeDllJoeo5xj0e7T3001clnFzMIigrKgSlSXujakpt6yEA2EVRQnYyC65L2esG9dnuq= tm0-3D" 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 research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW7fFWYmnchwccZ= 5n2NfyIqBFwZRm42rDaFGhAtCdAwmQ-3D-3D86mQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ= YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq7= 7ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsST= Cgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhs= kRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wIEiBkiU9znAxs23y4jWLoxtRvZc0OGXQVX8SXVG= AJq-2BLpP5fmDgD6rMuFxtPYcyvjF8NsIa-2Ffpr0r3kBuh7UavBv1vWJe7xpjsPnonCKdKWPMh= EBQklIlwJtq-2B-2Bqsu-2BjhEKQ1tUnPKvP9JWTCGd3tL0Ltz870Cfyz-2FZ49PFEX2EGQnJJ3= FVOOE7nm2dJAg77sdA9akBO6KwT66ltc9j-2ByMiW-2BaEF4d-2FB-2Be3vllVPAT2EhVt4zluu= LouFuHI6M2SdGOAUy-2BEQ0x2V6brDtdgV1g-3D" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">Q1 2026 PitchBook Analyst Note: Clash of the Titans</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>A message from Aeterra</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: 10px 20px 14px 20px;"> <a na= me=3D"n_576817" id=3D"n_576817" 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;"> Powering ESG and sustainabilit= y performance across private equity portfolios </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"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrIbtLAqZ-2BKvw1-2B6pA82SDLWFXGzN2LsK= dgaPl9Tgbkw-3D-3D9h_R_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYy= xN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm= -2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvN= UlaQo-2FeBk-2Fb6wGS70mSiUfSEhRauXzAiuhho3r8axkOxO4B8AgYxvHXAskevCDimW4LZrnY= pKlho1Evrti429mR9dkTvfr4ia603UGs-2BjuGKDkyqefj7NtwbqYubst-2FzT3yGFBj9nbVQra= Hzd4X0GKHtdj1JMZkaxu7S3Lz1-2FsyuReX1S8lZTc6Xm3VoWbDl83pfYvHvOYdJdcjDkwxAp0e= 3LkjP5zl0Gh3UgL0I6UfTMSeJiKiTv6Aq5UTUpyHru7ZR5jYUrMq3-2B4MzfyVLOZoqh7pePYb9= Fkw-3D"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/ne= ws/72390.jpg" style=3D"border: none; width: 100%; height: auto;"> </a></td= > </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>Aeterra is a full-service environment= al and sustainability consultancy that supports private equity firms and po= rtfolio companies with ESG and sustainability services, powered by its Aete= rra Workspace platform. Workspace can be used for sustainability measuremen= t, greenhouse gas (GHG) accounting, and environmental health and safety (EH= S) management. The platform provides a centralized environment to track com= pliance requirements, manage real-time ESG data, apply established emission= factors for accurate GHG calculations, and generate standardized KPI repor= ts for internal and external stakeholders. Our approach is designed for inv= estment teams, operations professionals, and sustainability leaders who nee= d reliable infrastructure for data governance, performance measurement, and= transparent reporting. <a href=3D"https://url6380.news.pitchbook.com/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrIbtLAqZ-2BKvw1= -2B6pA82SDLWFXGzN2LsKdgaPl9Tgbkw-3D-3Dkz52_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Ky= q77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPs= STCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztb= hskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wHoDHLdbTx-2FX-2B70AGqpZLZ5y4VeUdNwz5C= t-2BSyJL09ND1lNpFUf7py77kgv19v7yGh9A9RUJ-2FP9VVgBSZGhHMdTtgugTINv-2BHk7yIUz= E9vsnsYQzCc3Q6z0V633aBmAEe8qVmvQRuVAyR-2FuFQg1LzAGfkNFj2TeTXaTv1KTyD87t5lfy= bfgge-2FQUrFeWCEKs-2BNHHwbvdowICX7YSvRlM68yiInyIUvMTeUQm0XpWSxeRkfPA-2FyC4Z= Qq18C3JYPU70xJ-2BypUFnZ5rvnVtxiWn8UU-3D" style=3D"color: #1D5080;" test=3D"= ">Aeterra Workspace</a> is also an official API submission participant with= the ESG Data Convergence Initiative (EDCI), helping streamline data collec= tion and reporting across portfolios.</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>KKR is making an aggressive push into sports and secondaries investi= ng</b> with the $1.4 billion acquisition of Arctos Partners, the sports-foc= used investment firm based in Texas. <a href=3D"https://url6380.news.pitchb= ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou= zWrIbtLAqZ-2BKvw1-2B6pA82SD09Nor0bir3995Y-2BrszVhtg-3D-3Dw8va_Pr966knuaHmaw= 6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3= VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0= YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1= gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wBcMGXPfgGKrWOVfqGa= cQNbhU63YLnNOLP6u9PbAy0ThyEB9lQjZ8iQi-2FnShMZGt-2F-2FBrnS5NODcXPeRn0Pnao5jq= Tr1r1RQKdvYno04mKeczepAe7uT2N2BPKs7PD4fQgGOIlCYxPcUpSnZuxIpIvx-2Bx80lsNslBF= INH4k3d2b7hZ-2BQLlSN5hu9yY2Qg0OhOinhx6zRpLRIN6Tz4ZkhdKWNuEVR0maGYT0H9hWwbEE= DAfhO-2FRmGQ4UpnB-2F9yxblINOd4qjdqWrYxhs1d8JO-2FYjI-3D" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true"><b>Read more</b></a><br><br> =E2=80=A2 <b>VC funding in the Middle East</= b> has grown from $500 million in 2016 to over $5 billion last year, accord= ing to PitchBook data. <a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrIbtLAqZ-2BK= vw1-2B6pA82SD5oA3wde4TnejTdY5HaICmA-3D-3D_mC8_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w= 1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeU= wPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXny= ztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wO7vEcF487zbSE-2BZaXtLl5bmAqJGbxSvb= PjN-2FnZRq-2Bu0W3aMg3VKkl6WFyto2n1S7aK-2B8hm0lDqE4T9l76fvBcoWBNBNnx8jcvPOo9= BG76drWgnR3rP61spkSMKwaDqB3TUjDvpNTTfSe3uXkV-2FTWGowDMrSnVnALT-2FZxXiolKT5i= fPEWMAW9udX5j3GvMnU8FnQu4RLSLzB9cl2HGG2hmonvS3-2B1P1tZwat0iFhMufIm-2FyR6WYN= IyDKEfHeu7rQsLJAURglwOl3G3RWyKTySmE-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true"><b>Meet the region's 10 most active VC investors</b></a= >.<br><br> =E2=80=A2 <b>It could be a make-or-break yea= r for VC liquidity</b>, according to our analysts' <a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzWrIbtLAqZ-2BKvw1-2B6pA82SD98CTriULSq5BjlhFqIubGg-3D-3De-d8_P= r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVK= VesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYS= f0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2Fh= KrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wO-2BGx= cjK8eU1dOx9OYEmvVIkeFeBdwzrb5ZoyzaTnYMloQCdefA13l7dxY-2FH6tLu6sddF5Gbbqf8k7= 7IUDfLCm7M6-2F6kdHyX6DuksO4Za2Np1-2FXlc6XzE3bnxT4k6Y3gEyV-2B5RngLcPxW6PfSIx= PzKrNZeA7ZEearmHZWG58XgRxjb3WNg9bm5yAaBRI9Fx6I8mGu0nv8RGLVdBSKHjangoBYI84DL= wGSssomz301adTm9mAEq9hi9SiXvNf39smZZvAuq57ViQsnc88dL8Yeto-3D" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true"><b>deep dive into the IPO market<= /b></a>.<br><br> =E2=80=A2 <b>After mega-deals led the way, M= &A insiders expect the pipeline </b> to finally open up for deals acros= s the size spectrum. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrIbtLAqZ-2BKvw= 1-2B6pA82SDf-2FDSwXJ4czybbUoiesXGDg-3D-3DCoPK_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w= 1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeU= wPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXny= ztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wP4nMyGNQcUmsUtG3gJWEwrwBDGeV-2FQ1J= UXC4jRLGqxWI31Bfhw5ohl1UYjWMtg1BNJuGoFP3lkZ-2BC9ydxFRID0EI7etPmryIAPUwQMLzl= AxBjNCfkW-2BSX3rpDTNmBzCcvebaswDQjoaeylCepvytvBW9b7U3MU5gB7Za24K-2FXS3KWnoW= nuVDmdbCudq6Hn6gDF6-2F1UGGu1ASOrk281WxtLR6Bwa4bMhZTVJaiP72Ir-2FiOqCFnMIOLn7= Ou9rmQaKx3e0NXImA9jU1isgMHZk5Gw-3D" style=3D"color: #1D5080;" test=3D"" uni= versal=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_577284" id=3D"n_577284" 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;"> Could an underdog energy sourc= e help power the AI boom? </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 = Rosie Bradbury, Senior Venture Capital Reporter</i><br><br> Could the answer to the AI industry's prayer= s for abundant energy be just under our feet?<br><br> As the industry increasingly looks to unusua= l solutions to overcome energy and environmental constraints, geothermal en= ergy companies see this as possibly their big moment.<br><br> The US electrical grid load, or demand for e= nergy, has grown by 1.7% since 2022, according to the US Energy Information= Administration, and is expected to increase by 25% over the next four year= s. By 2028, new data centers are projected to need an estimated 44 gigawatt= s of additional power capacity on the grid.<br><br> Adding to the pressure, several AI hyperscal= ers, including Microsoft and Alphabet, have set their own climate targets t= o reach net-zero by 2030. Meanwhile, these next four years are expected to = be critical for both firms' data center buildouts.<br><br> The timelines for getting more nuclear energ= y on the grid are uncertain. Even conventional nuclear fission, done in lar= ge plants rather than in next-generation small modular reactors, is beset b= y supply chain and geopolitical complications.</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-2BaqM7ONnvsnswouzWrIbtLAqZ-2BKvw1-2B6pA82SDCjA56= N-2F1K6DXeY57jXlv1Q-3D-3DX-Jp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vk= l-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9= akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlW= wfXjuBvNUlaQo-2FeBk-2Fb6wCUVmKJa-2FuTl8r1EWeYZTnwROrAexFXIwEwN2WM3lh7v3-2Fv= x3eZi465J8uDPF4r3O-2FLU6hewc9WQpt0-2FHCSaBPtkdZ-2BIDeeSq6c8PSB3-2B5yEqCPv7G= auc-2B9dQETcFDlpGIUvDERyx-2Bc10jwC-2Bg74AUbT6j5W1FfcvaDIOpoLk0KQnxb9-2F2h53= CrSHrtVx-2F30cQWUYkQobHeVbKfJM4F8vivQLLXN73yCyXm1YfLd2W3S6p80fstJvebVbtx7XV= lpQvi261uxSb2mw48Wjb7D2H4-3D" universal=3D"true"> <img align=3D"middle" alt= =3D"" src=3D"https://img.pitchbook.com/news/72572.png" style=3D"border: non= e; width: 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">Enter = geothermal energy, whose proponents say is getting overlooked.<br><br> "Geothermal has a very strong competitive ad= vantage here," said Diego D'Sola, head of finance at geothermal startup Zan= skar. "The current alternatives on the table are next-generation nuclear=E2= =80=94there, you have buildouts coming in the early 2030s in the best case = scenario."<br><br> Founded in 2021, Zanskar is building predict= ive heatmaps of the American West to identify new hot spots of previously u= ndiscovered geothermal activity.<br><br> The company says that "there are many, many = more orders of magnitude more hidden, so-called 'blind systems' out there t= han there are ones that have obvious surface manifestations." Predictive AI= technology will help uncover these blind sites, Zanskar is betting.</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 #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzWrIbtLAqZ-2BKvw1-2B6pA82SDCjA56N-2F1K6DXeY57jXlv1Q-= 3D-3D5LZl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caG= NHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wW= SM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-= 2Fb6wKDx-2BpAWz9yBUqDYnLtztdp-2BN00xF1-2BO9GEI0wHFBbiW8g3V2VWIWxvh5X3eJgoZB= YEyoI1-2F9pcnKz3Saif-2FLENd2sh7sBKPcHD58jSikoJjcU5mcfzDM-2FJ5pELusZ5rFjvQjN= 4qn8WAoYN-2BLmaHCjnJuLsm-2FvMPUg0Tgtd5mBYFZLKXf-2BJILJerxQHvwDENK3-2BhxEtAt= q4OsjmRVWp5jjS31SJ7mHylK-2BzvqQNExrK1NqENZEFnO10LoXr-2F5xf-2F83Xo5uS1PbMaJJ= 4KQzfchQE-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 1= 8px; text-decoration: none; color: black; padding-left: 3px" target=3D"_bla= nk" universal=3D"true">Read full story<img height=3D"24" src=3D"https://fon= ts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middl= e; 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 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;"><i>Related research:<= /i> <b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzWrIbtLAqZ-2BKvw1-2B6pA82SDcNKmk9jQevUBjSnFBXXbGQ-3D-3Dk9j__Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3V= YV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0Y= I3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1g= cDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wNbG-2FFTdjHPYleredo= CTyNmgV0kBW-2Fa6QtKCQNXQYzfUuiuBUALcrkcHYXCKXufwNbqMKU-2FKgNrQdLU-2BPfSRgs6= vLuTl7WIUEHKfwWbYIKikg2O4j1fAsk9HeGlyRK3VdrP9EGK9Tu492DcFgcLw4N8d0jkkcsDCa3= C2wGdaNN2wRfB-2FxC7Q3wsDPZ5Pbbg6HcYUfsFvvMQkMIJDOOoij-2F54uRRMua7ah9sgF4aHh= sspYTQLtVhFY5mcbWROCRAfX4E65C-2Fw-2FhZTjmHpnbA7UO4-3D" universal=3D"true">1= 0 of the biggest winners from 2025's AI boom</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>Is Canada and Europe's hesitanc= e to adopt AI holding them back?</b> Echoing comments made by the Trump adm= inistration, Palantir's CEO sees some countries as a "problem" when it come= s to global AI innovation. [<a href=3D"https://url6380.news.pitchbook.com/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrIbtLAqZ-2B= Kvw1-2B6pA82SDhiTXlj9QZoYKqQMjHYi-2FtQ-3D-3DxSVj_Pr966knuaHmaw6c7pKvB-2BCEi= Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT1= 94w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETO= eeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzL= XnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wOjNmvYI7lI7HaDOVCvzHwASIpad1v58= SrwVL7wiSZqeYgijpAkbaJOnnU94tRZ5Du4SlgcP5-2Fe9O2pqHZCrpx1Fa6Zqu-2Bzt6-2BoP2= ep7n8J3pAP866QR52Z93-2FrGTQelSx9jTGZ-2FxG5mWravNBP8a9XPnh8kPUtdOD6SaBqGBDRA= 0Svxr-2BvmWha85iWI0iBVJ35HThVn7XvkayNL4grE4wOsTKwXieGW-2BbypPMw-2F6FBgcKY8f= 6SEjMhjRBmWSlnLdPLSZCt-2BavRbr0g3eIJ-2Bh7A-3D" style=3D"color: #1D5080;" te= st=3D"">Fortune</a>]<br><br> =E2=80=A2 <b>Abu Dhabi is flooded with sover= eign wealth, and one fund is looking to be bold.</b> Here's the plan for th= e Abu Dhabi Investment Council, which is equipped with a $160 billion portf= olio and is pushing into new asset classes. [<a href=3D"https://url6380.new= s.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWrIbtLAqZ-2BKvw1-2B6pA82SDibI-2BMk8ojODcVdLipNLa7w-3D-3DD2RF_Pr966knua= Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuq= glM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJ= KXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjj= M0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wHm2AATnJsJOOxN= tgjH-2BumaRpDmQxn-2BELVviWg9fxMs-2FcPVIO8YlK7MoQTFRUq9DU1SDQWZBtHFSR1ZTyD1P= -2FW1dmes3D-2F6xy-2FJs6Qe2AGsYZwcg7mAeZiI6qaeI1mW3ygKvejwBK-2BJZsSF4MKGfrKJ= -2FsQnbZFKgXEi9nYUwR-2FyI2-2BLWD8HglK9L8QhQGNDYkASMCSwItneUqs0Is4Cuo52BXWLI= mbSBgbCBInhTjA7EpMQZgBfR4N679uiJLjPBoj8qmiLB2Os8mLo7XGViHs0-3D" style=3D"co= lor: #1D5080;" test=3D"">Bloomberg</a>]<br><br> =E2=80=A2 <b>AI won't replace white collar w= orkers.</b> Despite fears of the desk job being wiped out in favor of AI, T= he Economist argues new technology will actually raise the value of these w= orkers. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrIbtLAqZ-2BKvw1-2B6pA82SDAcBbQ= ABc-2F7PPknWbtHNqww-3D-3DJwGt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vk= l-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9= akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlW= wfXjuBvNUlaQo-2FeBk-2Fb6wILuV9n-2Frgz7ztLdnfL4gmSu-2BNdhmue9IbnXZYz9OLcdQlU= DAVl2fjnCUP0LcXjHZ2bdUDNNLhuVoXekzJzApLRHkGhErY4SZystjkz3KdSbGIRrqQMxaI3FLw= rLbmIMynJ9uWmgMGZBkb5GgnosT43XMI-2BTPYWyYfsvOFVIdoJx7UIl-2Fgp7qjp6xqlBaPOa8= pSqocNS-2F6PjH-2Ff7QtzolcBK1k1MIEG-2Bk-2FGxqeekHXQ3aPvrA7rPnPi-2FvvzmjUdWvs= 3MXUDCodIATk8ikIT4xpA-3D" style=3D"color: #1D5080;" test=3D"">The Economist= </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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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;"> 29 </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" 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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_577288" id=3D"n_577288" 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: 2018 Vint= age Global Secondaries 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: 83.66834170854271%; mi= n-width: 83.66834170854271%; max-width: 83.66834170854271%; 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">16.65%</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">19.90%</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout= : fixed;" width=3D"100%"> <tbody> <tr> <td align=3D"center" valign=3D"middle"> <div style=3D"font-family: Roboto, Arial, san= s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27= px; padding-top: 5px; padding-bottom: 5px; float: none;"> 0.69x </div> <div style=3D"font-family: Roboto, Arial, san= s-serif; color: #000000; font-size: 16px; padding: 0 0 30px 0; float: none;= "> Median DPI </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%"> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co= lor: #000000; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 0 10px 0 = 5px; line-height: 24px; font-size: 14px; font-weight: 700; font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe= rs</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzVZAGxnJ42N9jclI-2FSV4gbzt-2FQoWh2MgnmYHE6JsclkCA-3D-3DtWog_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqgl= M3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKX= Z0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0= R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wPbpZrvV6P27LMOqD= UZ-2FpXdBWk3PnHeTXlUFqEqgE5I0wCUw6FVoMFVzRSTJR6PyibrLh-2Fo-2F2TdFDIqLHUY0XF= okTCKHH3ipOpwa3TyAZPCj-2BajkGBRZmRmy66GBQLbxDwJyZ4VKTQinaZBYtmoeCTZeXRW8jMg= hchX-2BhtszjBphox0SBWEfEhfP3xs-2F6agTs3dRuMienM6kHgD0yEGKk9a3OKAEenV1NkzzzB= 75JIMvorB17WPxyHa7C63Zn25lev8wgDXv7awhWYd122OMKLw-3D" style=3D"font-size: 1= 4px; line-height: 24px; color: #1D5080;" universal=3D"true">Sweetwater Seco= ndaries Fund II </a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzVZAGxnJ42N9jclI-2FSV4gbzubKEboD6UL3oJkkCFt-2FoVQ-3D-3Da2ME_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqgl= M3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKX= Z0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0= R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wP8ik2HMXtFbDuZc8= lTuvi64VBqhZPzfCFZ-2B3JCzfRy4cvEvop58DTEE68zpdyMaNlY90CXRIL3SZ11vI1gSDmU5hM= -2FMVDsHnpxD1tI0YvGXTt6z0JKvsoaImQ2ykBvCHiEYaUCsZV9tZ68NAbX08FBRHE2-2FGinyX= uF9oPJSnc-2FhrbQ-2ByfxmHh4beIvWGtE9Pw-2BV8M9-2FS2Ie2zLX8b15PlP6-2BPFmYTCc2M= b9uhsVzhxB7xyP9i6gXzw2-2FxD11Glq9YFXQe9uYwKqjNe1pOyli4U-3D" style=3D"font-s= ize: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">ICG Strat= egic Equity Fund III </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= swouzVZAGxnJ42N9jclI-2FSV4gbzOiJkQaqDHk7mCWpH3g-2F8fQ-3D-3DbIBu_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqgl= M3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKX= Z0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0= R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wASQya4KY-2BtMBkT= z9KLyKY0FW0hjJyuBnLUngqVX-2BrPaxENo7Q-2Bl1WUIjl-2BwNoofg3YEMmQsN9s9DzO4gbUf= U2DsheMYomrP3TaDWa32vO014RUAcF6EPgSFuvF7UG2BXBfAzR654WlfSZd3n-2BqeD3Zi-2Be-= 2FYQR4nSFIjxr8bQCBBzBF3HGJtQtkQV9LOrcWnVuMD-2FZFapaAGzPT8f1PynxmaiojkV7Rx2Y= 9QMjhp68HNWNT-2Foh45TEWGDHjghPC-2F53eX3cxCh1KYltkQRkkerHI-3D" style=3D"font= -size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Glousto= n Private Equity Opportunities VI </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 14px; color: #78766F; = padding: 25px 0 5px 5px; font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td> </tr> <tr> <td style=3D"color: #1D5080; padding: 25px 0 2= 0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZAGxnJ42N9jclI-2FSV4gbzzrrM= DUNG8L-2BXabEtHN7lPg-3D-3DA5mq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH= R4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2v= kl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi= 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color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check = out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZAGxnJ= 42N9jclI-2FSV4gbzgD8v7ddW-2BOvk2gYdVar1GA-3D-3D3AFz_Pr966knuaHmaw6c7pKvB-2B= CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1Sk= qT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMf= ETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FeP= CzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wCzLdJM4WCDiifFzp8IZ8kdnSNvFK= oKkiH48P7Odn3-2FpJPtF6fdZa0gpCW5I0gyZcLu3gKCofhhxyHWbZNdQH5urppLS-2BN09bSbV= dR94FGOoblWCACAy8vDuX90jeRw4iCDH4D87yVVT2QKg1aOK5urj-2BoymS4-2BJSI-2Fe-2B2z= urqpPIue5ALOwh0EBI7hwrSDwY1PyyO-2FaEkFrYrpioYrHI8sNFTyiwUhdxHzNBqq8A-2Ff7yT= r7LLZ2amFaK5BLvpGSQJGMxS34QMp-2B19ntUs5-2BTK0-3D" 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-2BaqM7ONnvsnswouzVZAGxnJ42N9jclI-2FSV4gbz7dLEBvlofx0OyseVNhijAg-3D-3Dw= Jpm_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP= 0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix= 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text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>VC Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </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">AI inf= rastructure startup <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZAGxnJ42N9jc= lI-2FSV4gbzRNqk799-2Bl8O6C51mgy-2BCmg-3D-3D6W_x_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT19= 4w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOe= eUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLX= nyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wBZgkExP2xZT5OL6BRzmWZpkC-2FxfUNL= ymstmtdzdu324mNEOvJlOGW-2Bkg-2FcQPxSPUkIxCehL4mMt3SFu1rWYPdDUbULpK1mZ9wX9b0= cmsc3neVbj1klCCb48pYZvOp-2FSQE9Ao3BIUwaPyBnukZVoJr2TN0PgH1-2BcHaxmOWO4ShFnI= tuwXekh-2BDG5dtIgxU4kgkbpocUKIF55z39rUZMMQWMVeDnvb-2FMSFem-2B-2F-2FpokRJcNR= fRPmSsKvASccRRwsjRBY5e7sQgvISgmLo6z6tR-2FI4-3D" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Cerebras Systems</a></b> raised a $1 billion Se= ries H led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVZAGxnJ42N9jclI-2FSV4g= bzyxdqFTvN8OfEiEADTVmJHA-3D-3D4H5K_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP= -2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrb= tj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2F= oHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvM= FpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wJachlvdp6yvUngih-2B2S1Pye-2BzOCrlXyReTjhyMGhm= JshvaV5Ve8O4QZ86VmAXSztBkfuxi3YzQZnFqNMEnig6yzqY7c-2F4pk9oyiIFjauGYhpeC57xu= Gag5-2BL5LMVsps7loO5N0ptIDoB4EuBZ4sDegErZ9oTozW-2BFbeaUFAHE8GgGW7aXWmRVAFCB= 37JS5fc9ZlYxQtX97bRYKmL6XHtSOVJF-2BB3KhNIeWbcU3A4oCaT5O7COQye4nN-2BMnNErDrO= TcDhOZECiKbYINwd3flaPs-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Tiger Global</a> at a $23 billion valuation.<br><br><b><a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzX0OjyhvifB8NmpoxDn4bT0mHVlJq7iaGNX-2FtB-2FZ-2Fnty= Q-3D-3D08w8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA= 68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3c= aGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9= wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeB= k-2Fb6wErylAGKDNmj8EBV-2BcifTcwBFig3M1vGnirrVSNF1Wc4OUnYnhPN4RA8dOlk-2Bi0Bb= -2B7rVgdkDknuOuT0RfX37-2BPgLm1GHzmcqstGuUS8h9zGdxkrOFkg2aCYVJsfidO2pRaAob8R= o0P-2BlTypFhMywR5bbbXvz0ej1diYX-2FzEHCWrIwFulyrLobHYbf3OiedgSNIwH2vLq7FbuM5= phGP4bfJYTwlglSAkQX-2Fkwhsh8EC8Pz5ZYSH83ox5U2QoNLIioYvglAXoFK05wsLFlowjQ6Q-= 3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">ElevenLabs</a></= b>, the developer of an AI audio platform, secured a $500 million round led= by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0OjyhvifB8NmpoxDn4bT083w2h7rOr2= 08OEO8XkpWbg-3D-3DSmSS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4= 3kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPY= yxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYp= m-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBv= NUlaQo-2FeBk-2Fb6wIKRmeuQLSXqKppH7Tdtt0L5Jz-2FwpiLNl-2FcITdj3xnhPO1Kgv4vo1h= bODh2pjaW9gWRu8NIOUBzqcwcfEi8TLp1mBNbjIfRciORwS3cBnkE7ffytNLgD226ckgAbfjQEe= AbcJ9l2xo8ix6FuENK5VOkeoy2h7MgIovEe5PL1EgmQMFIyd0nn7P9KSN3nmotY0EHA89ntv4Km= ghfZ8VzmVZZ2cTNVVUaYt2DLEosrqiE9NlBLyVUtaA-2FGsSg0cSuhjwLTjqGYwbhspjnyZMt3W= tU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sequoia</a> a= t an $11 billion valuation.<br><br> California-based <b><a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= 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NmpoxDn4bT0Iv5bK5YNfUlqfH7zumHYKg-3D-3DWdlr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1K= yq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwP= sSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyzt= bhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wMAphHdut80FgsUEE3uvTHJP-2BRv9K-2BRT4= Es9JE-2B95oEBIyWkKAFoCfBe7bwo9jn1-2F1uJVD-2FJxTOnBcKiMicmTg9-2BqxmZe-2FCg5D= TfVn0Jkz5zxx6olKJ6yUZ8N15E55HS6yu2I6BeEtjXYn21YZoFT-2Ftd6jRJRpOHGWgjDPacE81= flOcMFpDgzAQLql-2BGnvYaGq4t-2FaAbf-2B9IF6-2FLWGRWUWY5TbUzDv8a1p7ELe9yOEmcWB= Dzc3ol23VenzAoLdn-2BCt5kwtzYCY6T8Si7qbR0z8w-3D" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Autopilot Ventures</a> at a $1.15 billion valua= tion.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX0OjyhvifB8NmpoxDn4b= T0GxVsWXzUMqveBynblF24xg-3D-3DEH4l_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP= -2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrb= tj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2F= oHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvM= FpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wC6DS1MX0Sb85ZT2xAD76HaigxwFMuMmEacsxUtNiPo0U-= 2Bk0eDVHsAgqal752Ryw-2BGW5vHFE58-2BQfWPWHuIzZFx78t5ZZmybk5eX9fY90b8fTTAbp28= hZqR1hJtZwSXnYr9d7SOoDDUPEUhdso7FTO0DETVzdVag-2FYqKz3Cbz5nx5luO-2B3saE-2BtE= Cudya3-2FmMAT6xfS5QRAd5GkbB2sjGzulpSIDVI2h2F7Q6i8T2cu325AYj-2FHvSdLXSSlFCrr= lHnAQH34dYCYgbu3RzwH6seU-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Lunar Energy</a></b>, which builds home batteries, secured $232 m= illion across two rounds: a $130 million Series C led by <a href=3D"https:/= /url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzX0OjyhvifB8NmpoxDn4bT0MemygCYeY-2FMrUb30Wa7rQw-3D-3DpA= FU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0= 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rEF99XZC4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Jump T= rading</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUzq-2ByqXhki3Egd3nO9c= AFdD47Dq93GUeWO8yFUmovDeg-3D-3DW14A_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ= P-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWr= btj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2= FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolv= MFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wKvCfmUc5Nl0rICXrnh-2BDrBQLRulYo55JoBuaGRFKhK= W5xkDYyKpy9mZ-2BXq8dHv-2BDzx0-2FsAwvJnQhtTO1rfMdDMsuFSQLoUeA38CaFTAkSJlCJKG= XnnMaSRBGoMRCQMUKjlf20V7hw1a3l0M-2Fo-2FBSl89FfOyEw2PuxAU5fGGwX27Z-2Barq-2Fn= xX7IO48PfJ-2F-2FbutgSXhMoLCdvMQxhqsvkgY0hqcxOCcPpxxT6Lj9aVmxajtiP57X8-2FS-2= FS-2FqsoylH-2FfgvvQdg22fGQPj7Vyap5xt0-3D" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">Unless</a> at a $1 billion valuation.<br><br><b><a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUzq-2ByqXhki3Egd3nO9cAFds-2FWEP-2FX1Ra9JU= JhWKf1kBA-3D-3DtQXy_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN= 0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2= F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUl= aQo-2FeBk-2Fb6wDjae24c8XbeZzOyijEHL2syALf7kcpFe-2FenUCpsDCRkporV03jq3OcAinn= B-2BrcU2khwifQYbQ0f2RvoLuNjj2Hd2VaecXx5EwLzP2YL6NroOlbJEDY792v1dQzM-2BAl0q2= WA8SI1KoIAQin-2FzbxMMuKBn1YFW-2F12n5WMNB4vKY-2FZGr7XlQXo2i7GX2G8zE76ktCznnP= omiY56qoIEgPD6uSQ-2FlfdmQ-2Boh7k3uopKkLH2b8o0exE86pbDvY7iongqEzzaih6T2mBYE3= CwGgzroSQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Machin= a Labs</a></b>, which specializes in robotic manufacturing, received a $124= million Series C from investors including <a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzUzq-2ByqXhki3Egd3nO9cAFdOTpEfkd4fUoj8qLAi3MYcQ-3D-3DlCsG_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqgl= M3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKX= Z0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0= R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wCRXpg6-2Fss7i6Np= X-2B2tyrMDu1tebKlBFRXHLpkm-2BBa6QAl-2Bas87O1PXSJmwSBDjfwh-2BvIR-2FpetCc8WOC= KlaQGIgfCSLWUQicAROpaEAcxJ9XAcVW-2FEp9v-2FDGEgl2EZasBHsBzojsnh2euJBm2CzdX6G= wyZhKhuJk4VzhItaXkq1BHBlLnm9jIwNY3fVyoVcWG341XnotHfEm-2BVs5M5c9UFXFVeQx3TLP= 5ulg425sWPxOFysjz4sBJedQGbz5Vh7xL99dubF9hyIJCamT4UufZQA-3D" style=3D"color:= #1D5080;" test=3D"" universal=3D"true">Woven Capital</a>, <a href=3D"https= ://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr= f6GFa-2BaqM7ONnvsnswouzUzq-2ByqXhki3Egd3nO9cAFdYhtxtfKAYsy1o-2F4aqiYTtA-3D-= 3DiOVM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR= 7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHh= Oix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8= cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb= 6wACimepx6auwXhdBSP1WdEeDG3kGSDQ55-2FsnGAQfht4bmHrkCoSZwvDqnn8CAViRYRToWIuy= quUOBlDsbdMYSbNGIn2g43-2B9RLXsWz3vpiy0-2FDAZOKGF05k4N6M95JqIf4eKHQ7g3kpfYBk= t4WjDY-2FCW4A4HzDBoCZh3ADrq9XJJHmFpBcXyTsGd4RHPgQ07hVNB5DsLxJjzEYN1-2FWfjMi= TZc-2BT4MZdqnqVXils-2F-2F1flLYnAtneEaImVZFJFvmx-2BZ-2FR9eXOxU5-2BBXncLJB6xa= gM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Lockheed Mart= in Ventures</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUzq-2ByqXhki3Egd= 3nO9cAFdmuT31avT5dITO-2FySOvw1Rg-3D-3DuKju_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Ky= q77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPs= STCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztb= hskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wKlN6EbU7RDwxMJ7PKets24HvhSsdzYfouRkEj= eCYE3nf0Zb9VwxciTjNmx9tZq2x0GoCarqocpw-2F2UimONDRx55i5JqB2KZS2NbpFmdHo5I4o7= l1kLdFW8badOhA4tRGJeG4WIqHdgeET-2FcbQ9Ek-2FVpW1v9GwUwk8V-2BQYBkzYYczIfq1ELj= 4DJnXzye3L1y0IHkotYY0PKLRk4et5gVR8ZTFL2Aice87Qd7Dts5TNZtJzhrRkXMnBD5ATupuTn= mjhEGxaAFDtId7E8wk53piw4-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Balerion Space Ventures</a>.<br><br><b><a href=3D"https://url6380= .news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq= M7ONnvsnswouzUzq-2ByqXhki3Egd3nO9cAFdE4u9G4h0VCPJx4RjRBQ0fA-3D-3DqyEW_Pr966= knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesg= UIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8= g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzG= 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fXjuBvNUlaQo-2FeBk-2Fb6wIVhaNe6-2F6qGBtdHGnnXAgDMO5jgLQZu5-2BBFdElt2kwfrXIM= obp45DeRdkP1FwYzMOglXj327ga4PpzAzTRox2NA7OG55NcIDL9zt0FNvyAfOXhXq25mLmMwzSN= 28snyYbpfANIVXavoPkna4QnqMNJ1hwgl2DYGcugnNY-2FrU7Tvv1uuXNhlXmblnpqkfuRA-2Fj= qd736Fc1ZnulDg9qIISzQJO-2Bie8I2hQXxzFEOfG-2FYGEdObOS3-2FLCDxZVYBZrKsY7ESviy= rkbTSfN4b5vByk78-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Menlo Ventures</a> at a $1.5 billion valuation, The Information reported.<= br><br> Cryptocurrency risk management startup <b><a= href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br= X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUzq-2ByqXhki3Egd3nO9cAFdQiSNKfD5TbABhC= OTSxTUHg-3D-3Dgp6M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM= cVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0= FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F= 4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUla= Qo-2FeBk-2Fb6wAYaUP59bWfhr65XYagNi8gYoEUlRBaTM7wR2c6aRTHuX-2FvjSYvlyJrVdqtM= fuq6fpfi2Zgh2GBLmpEvFVGjQN-2FOqTmDJOXrIWy3UL1cg4egedcehzdG38FI8FL3XA-2F9MBs= wi-2BNrrKlMur8nVg2-2Fh-2FcflNATz0OIXFCG3ajWCAsOjMEJgXAv7Yo2d-2F-2FGzAlMnOko= 6Ueeu2K0zcLRKdrzuX3HnPdB4OtsGu-2BY7c96EASbcZY1ambbtDb8N8M5PIPAYIbRdaH-2FVJE= -2FTwXxc0x16IA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">T= RM Labs</a></b> raised a $70 million round at a $1 billion valuation led by= <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUzq-2ByqXhki3Egd3nO9cAFd8ITPDTbb7mN= 0kp128MBYYw-3D-3DxCIg_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYy= xN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm= -2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvN= UlaQo-2FeBk-2Fb6wBgJyxVmUHmtATyJVzbD3oW3rcqAehymcKPh3xovAT17yCubMQY-2FTCUuR= 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7Oq9O8ljw6vQBoxVS0ubP2WVgiepdOeBSU7hdG0UAqPqdwyc3nUNpTkTskn2uyY8NPtv7bV-2BW= 9s9L4c6-2BKJ3gWbkvsqtXvVoOpm0D27A-2FdGAwiCIylR4d4GEErNy0T2LXfv9szIhkBO-2B2V= TJY9Uc7qzRiL2q4RfhPGKSqLdnFGDNZJAQhje33saza184Ae3S0ZIKntSPM8l8wTbjcozjoPZyE= P3-2Fc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ares Inte= ractive</a></b> secured a $70 million Series A led by <a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzVn3hJvWCU17qvgivEh4TOH20FfC1-2B9f-2BSc5ErN7wPPkw-3D-3DNs2= F_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0K= vVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8x= MYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-= 2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wMWY= vpJfu4M2dbFPsY0N-2FAJK2iS5kjfIC41ddeiFcsMczzFVBcQvCaaYpp8UPGHLRr6thdYGJA53x= IYcBblYgJxY1W-2FYtsLqWw1Fvww1I4hZgjtBWyT5SuW5VdYsoL3Z05UIz7dS-2FlX5GOVluuNR= aatWE5AHTCRTMIggO8FwoxVemUvqgAWWen-2FgLThrZk6MzOfcJUynBygwxcEMsSghb4T60-2BS= dxef9OptQdTM-2FE9NxB6s6FOs9jB-2BU-2B4o48WVoKXnDMuUEENKCEOxXfj-2FTrn0-3D" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">General Catalyst</a>.<= br><br> London-based insurtech startup <b><a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVn3hJvWCU17qvgivEh4TOHACjpQn8dJGJI9-2F2phIGj8Q= -3D-3D2Pct_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3ca= GNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9w= WSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk= -2Fb6wDTDBqsN19tRqNQTh1f9mbnEUzvmZNDy6xIuQhS-2FGkfYtYu-2BSEdT6wDD-2Fxo14fOL= R-2BH-2Fg-2BHg-2B5Iwp7tO4st3aYDq-2FYG8Yxk2l6H8FLSXR9tkqUmhlM1SyFfGV2R-2FBxu= 0eX0wMAMC4kG0eWxFjPzvyj4ea0J-2FUnD9rmkuPf4FCXTF8XnaxaFCYKaaJnHM6LcTINK42NxC= uwUy-2BJIWGRoJDdg3unsOmW0fpYMpmDFmYSrjKZtyGuF3l22CVxItmPO9nLbxer-2B8NHXHJBq= ePvehd3I-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Artific= ial Labs</a></b> raised a $45 million Series B led by <a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzVn3hJvWCU17qvgivEh4TOHKc4gwD0CR6YLblhyvOM3ZQ-3D-3Dp4FU_Pr= 966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKV= esgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf= 0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhK= rzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wOiHpj0t= HUx-2Fwr5-2BkBPw7lnAifFO8Z4iGIF3TX-2FOL8WYL0NI4K2srM3IZhias3dDgRUpAbxbcF7kW= 6YXtkSlihi6nntP9X96kSJJR5qwDfyKdYfSNhxmuaNhbqWJ4RwnG4XIXJJeWJyxr7-2Bi8cVYEM= xHB9iYC-2BypJFNuSpT34Mx1QkbwyXwO2G93FIlhvwroi7YnzLHoHgrHC85wHdDejzwh6eKYRBC= vkj4n-2FcZweTNrY-2BmC-2FD8fFIr35C1b6l6ZIge-2B7j3Bl-2FyqCkU7B1FH7kE-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">CommerzVentures</a>.<br>= <br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVn3hJvWCU17qvgivEh4TOH47wCjiA= 2dtJPwBQbHc5Yhw-3D-3Dlegi_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2F= hPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJ= wYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXj= uBvNUlaQo-2FeBk-2Fb6wKIns-2FMUtWOu0l7dnl5OlyIPkkjrkw8CqooUObAGpjRtYN35rtLwN= UoK-2B30wl1CUcdJkb8SlqefOamyihzXfR9IfrjdI2mQ2EFGgACwWChrOcMVudBzjp6q8J6eEhP= VHUKh5cRxP0NjqMDOw8FY-2B5iFgI3U4JSC21Z2M5-2F21tBkeOjTmc5oiSPoC43jHIYu8j1L1-= 2FHcR9Lb7aGq-2B5J3c9VA889SaSRNOIwJYSiCR3DhoN7KydhcCba6saomxmVWEvr8rakeQTZXl= rGxzPGATYx4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Vara= ha</a></b>, a carbon removal startup based in India, received $20 million a= s part of a Series B led by <a href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVn3hJvWC= U17qvgivEh4TOHe5Pvv4jJ8FS2pyGW18ktVQ-3D-3DUAUX_Pr966knuaHmaw6c7pKvB-2BCEiDn= j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194= w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOee= UwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXn= yztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wAMF1tScPwAzfYnsSfPcZUx7qA-2BQGM2f= WOHj6pnoHgWqijNThyMUycIEoXLo3P-2FrndrxiLHt6lFktlkiO67SfHnTDZZrcX-2Bmhkx2f3O= PRq5IdWG2Z-2Bhlr8sq7imOoQHUDn24hCy-2B4IAM5gYCXYg9ZhoogQwrfhlSLGug-2FUfA2lj1= w6ZvwyUjuM23nVvc8G0BFmqVnCvzGEKBrfMyMHm7nN0ANsAEi7K-2FGRY2ZuUzV53Nw6gS5GmtU= Uq6HXb6qabU-2Fj0HaysfNKUuPxTLqElqvzk-3D" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">WestBridge Capital</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_577015" id=3D"n_577015" 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;"> Don't miss our upcoming webina= r </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/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVn3hJvWCU17qvgivEh4TOHzdJ9rke6vPx1K= 8sxD0scPg-3D-3D_X23_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN= 0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2= F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUl= aQo-2FeBk-2Fb6wNvQDkvdFDotSxscEpuz6kUvvK-2FLVHJuzyiT4cp5DEbWOC4sAdprTIENhTw= 75uaIlo5V2KjC6mQcQbzuy2l97zmj7kKQ1t7qeJ3bR5ZqvtJuHYkUjFu4r-2BfimdVb8FOjL7dU= R7kRLzuRUVQwcyw87zjEPva9-2BPj16g8qnilrWiDxfQvsaRnS-2FETvDi6LEg6oHDFuQiXiYh6= kwlBDsjH3jArtVdyOdRhBZgMiUaaE4seXMeDf2c3F6gZXN1lHKzB7T7kFrGrsHNOxcCP2uAjD6M= 0-3D"> <img align=3D"middle" alt=3D"" src=3D"https://img.pitchbook.com/news= /72447.png" style=3D"border: none; width: 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> <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">In 202= 5, VC continued to grapple with fundraising and liquidity challenges despit= e a handful of high-profile exits. However, deal activity is beginning to a= ccelerate=E2=80=94particularly among first financings=E2=80=94sparking rene= wed optimism about the market's growth in 2026.<br><br> In this webinar, experts from PitchBook, NVC= A, J.P. Morgan, Dentons, and EisnerAmper will discuss findings from the <a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVn3hJvWCU17qvgivEh4TOH7Hq2hPaNdyLBfP-2F= qsTX0gg-3D-3DYXpI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0F= J5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4= eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQ= o-2FeBk-2Fb6wC0XYb-2BRZCIg2wKljew2EaXWVaTEwAr6-2FcAsi0jV-2BP-2BV8gfOE6wDH-2= BLJH4YrwoAzhewHPYEwfNuhC2wJEOTUvmjxN14xX7tkBqpQL28dyROm8FZ6V8VhbqPMtKg603nY= RSlJ783BN8SKhH1UDff5O4-2FuYqBw7BZ-2B7wyE-2FBHpMD43ySkcaqXA-2BOmCiS5ICm7-2FW= DlUoWxb-2B-2FVZtW5hgRWgiyr46awWuLAKjDjBxzf8BI2huM-2FRTOuoLwnT-2BRjZyyRx08bs= zgEg-2FLOPYc8eICQ25P8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">Q4 2025 PitchBook-NVCA Venture Monitor</a>, along with current VC tre= nds, risks, and opportunities.<br><br><a href=3D"https://url6380.news.pitch= book.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVn= 3hJvWCU17qvgivEh4TOHzdJ9rke6vPx1K8sxD0scPg-3D-3DyuRV_Pr966knuaHmaw6c7pKvB-2= BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1S= kqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSM= fETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2Fe= PCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wIqM5d2GJQSW9qyrq2UB-2BcakJk= yePwmnO355FBjp54pSG6yUS5EHgk-2F9fTcRzm2OiB72FAyPESpYnuR15m7TtfiYY-2B6Nh75wu= gP0vzJgFtTV-2FOLFTsjCVnfQ3PnJ2RC-2BqEBoLQEIoROvDAUA-2BXJImVSX7Kb7UxyhDt-2B0= HRKF-2FtPT3o7bLoGj7SUOS4y6k6HIr1yPRW7QG3Wl8mmVEKVFL8IMMR9FzAgaggjWHS5Exbp3U= WEb7IE5mS753LQhsiU9q04sOveSJ9Nw3KS0ExoDjdI-3D" style=3D"color: #1D5080;" te= st=3D""><b>Register now to secure your spot.</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-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVn3hJvWCU17qvgivEh4TOHjaQFFL-2FDvG6aEh-2BB= iBYHwQ-3D-3DT8DV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV= 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t4frKym5gt2qr-2FfZA9MDMNdUYvzD0cs0qMifX6its1eNZiYOljMS4YF0pfmsjjY4w7meWQ96l= cM9Uw4lKd7d8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Dut= scher Group</a></b>, a French equipment distributor for R&D laboratorie= s, from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUhm3JFRBGGzjiwu3pCY2CpIvdprd= ie6MlYvgaRuiMd8w-3D-3DMqgq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi= QVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2= FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akO= JwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfX= juBvNUlaQo-2FeBk-2Fb6wAag0AoY6FyRi3jZzFMl2ReOIEYC2o45n-2F1sTx8wP7NKFmrRDIU5= fbnMdwcqclKCxlVvnIllyQMfI2TwaifPAU5RPII-2FCv2X9ENHWipp64NVZjfATVAZP0i0p-2FA= aB3E5YAH0LFOusf7k0MZUy0i1LZZ8DHh-2FW47EA-2FJViEEAdUKhpNX1TiWjgQoLllh7xJoYUH= K-2B2X5ofvOg610EtHoTUDj9D4YGUa7nbydla9u7zE8-2FUxW1keR8pZeUfM4G5mE1oToz62Y8K= EsA73Q2jI6SQuk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">L= BO France</a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUhm3JFRBGGzjiw= u3pCY2CpCmXkKrX4FAoOKD0rZCKD-2BQ-3D-3Dnd9L_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Ky= q77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPs= STCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztb= hskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wACUXWADD5DDBcWwb3QcSUXvcmb6P7zWMZOhF4= 9DXnM4-2FpGh-2BFKDwAuqQufDGJVkKNPwu3OprHeLDXYUlGs7CRKBk09rWtMg74WYql-2BNoAw= TwQbfKM-2FePcp4KNmsUzVf25i8mMGrktlee6IW-2F26aiaHSB5SRk-2FE7Wd5etxzALo6YuNNF= JI4OVck8muAL-2BbBShu-2FKWwAyapAGip5cX8X-2BbCAVOUryP8BL83xTpVWXLIt3OIDefZrPg= jgx906MGSO23w-2B3n-2BXSesYoXd3XmXdPGO8-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">Pictet</a> acquired German cybersecurity provider = <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUhm3JFRBGGzjiwu3pCY2CpNL0zAeZDECs= dzzQLpr-2FYRA-3D-3DiDS6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhP= YyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwY= pm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuB= vNUlaQo-2FeBk-2Fb6wEnq9U2NiuPf0cHWISYpy3HCDAlr-2F5UZtVwtK0GvvCVc3Num7B1s1V2= VUwwQmouCI35J9D0SVjVqgfWsS-2FHbae6LtOsbHd3WtxQClKPYyQdJms3vWWD-2FgbIB-2BVht= XapNRL-2BAggrKoqbDUxVfgJ0n9pV08XYjAAD6EWQTxi3uplGinc7MumQXYM-2BJ6ifEf9wDnPs= vg1SVym9WPk44z9XoV1k0oHJsjNehEgJSb3-2BhAeklcgrF0RnELuYxG52H-2F823Yfv8Ishh3m= YgSsUCGCFhUn4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">QG= roup</a></b>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUhm3JFRBGGzjiwu= 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colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUhm3JFRBGGzjiwu3pCY2CpiX4dX50jEFtlkvnIk= isBIg-3D-3DY9Fb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5= mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eY= ipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-= 2FeBk-2Fb6wI6GtVw6Cw71pln1Z2vsQxAmMcoil9v6taNKFQ1IyfzVFcJxJtI0KA3BO8uN95zg-= 2BU43sbdLQOL-2B88V2nRwZKdeU7gzYalKKwEHN5gIQP8oA5CgOAVEqk8JNpbQPcDKXYrvnXcJR= NJK-2Bh7vP-2FJQ5GfE95mLrx1YiE8BSwdAjFbt1GJIvVhIUnWj0CrIBm-2F-2FBiAdZX7d7FRd= jQz9CHLS3mrDzrGXSCibWrqxhtfDYOlIzoiURcnhPka3h10sBTfIDkwvQXZPmfOHhklt2SzBkUL= w-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Clear Street</= a></b>, an <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUhm3JFRBGGzjiwu3pCY2CpY= MdHCR2Qu3le-2FvzwFmVHDQ-3D-3DU5Yq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbt= j2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2Fo= HKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMF= pBlWwfXjuBvNUlaQo-2FeBk-2Fb6wDfXBVlb-2FmOxA7sO1dMIAk1QxHBdmBhPovAUxeQI6vz-2= BBUZYpCfq9ddanu9LSsLMKpT0vkFkwyRtehaXI3ylz8QJnMh3lqOl1OH0btKl0ztiUnlo3nfton= 5g8z6J2LuTBIyEFzW4DfzgcONYUc6rsAMcQ2OFPSVTrEYrr5e7k6Li5M4WBsa8-2FG77gDEPrDd= SkCNvvbkDjK0phH277bCAtdO2cTBYOVQ7m-2FG0NBNFyBNr-2FCMqQSvhEquCWm-2BFWNUoiM8U= P7B0NzNjSffLwkF6e-2BM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">SBI Holdings</a> and <a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVm1s9I7Q-= 2B0l0eoA4ZA4C80VfR-2B3jOeYisiWSh4yuPL4Q-3D-3DfFq6_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT= 194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfET= OeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCz= LXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wEOc091WYr5v3y91y5Miiu9iYTkB4Fs= Bdf8yvp7Mh-2BHTs7xeoyiUSEgdfFyZXwckJzkVaCDd6jKiKyG0xEDUjj-2BUDL3WnZEwiyqdYA= 3NSjPlBTN24NKL-2FBSQe-2FGRsn5USGisBHCKYSEhtmLB9ivyjY4gMNpc6kvnLfITDFZeFlapD= uy-2FEc3SVvbIN3H9eskO8z4vRaWn75j7AXlNC8NxTpHIDJe7zN64s2JZRsx1G0F7ufDRlbznO-= 2BEombxXwu7sZE7ECMsETB9W5YWkFLOu8qk-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true">BlackRock</a>-backed Wall Street broker, is seeking to = raise around $1.05 billion in an IPO.<br><br><a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzVm1s9I7Q-2B0l0eoA4ZA4C80fZBZjuhcq6U8d55HlpzOYA-3D-3DBj-G_Pr966knua= Hmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuq= glM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJ= KXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjj= M0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wMFf3m0WrcrDj-2= BI3-2FPHVIr5nGuEOuSzFACKMLRNxcRzUCoto9ml6aT-2F7KARCM-2FmfOSX1ZoxCfeFRGrXsyw= 0m7u7bigbe9omztzrtI57dWqTZQn8KQKz1UZIqVAs6XlbD2MwRzgTWJh4FJKFIiDkihTEJx4D3z= 3jbxoPJwx-2FI1YZnPsOd-2Fy19JMFpNaHN9K6MFiAoft0XFyR7dSYkigDAFzzqiterZe2goJ-2= FB7K5G2eDEbI9BW-2BXk5BC-2BhOZPXLQwpV-2F9yGhDigOjuUBSBp5H-2FBk-3D" style=3D"= color: #1D5080;" test=3D"" universal=3D"true">Sonoma Brands Capital</a>-bac= ked <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVm1s9I7Q-2B0l0eoA4ZA4C80qIi4v= fjk-2B-2FQ74Vl9FECIhw-3D-3DGbrL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2= vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHK= i9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpB= lWwfXjuBvNUlaQo-2FeBk-2Fb6wJs2sn-2BLmqHZWWYDwuYlC5CYduav03lBNXGeons8CB5ELW9= r1gVqcQsdDBIjxHPCY8BZ9VgqoKD7r0mjI9NM59SmpU0BWB1o4h7l4CeYn4Pkk-2BSyKcmq6xMU= -2FbvDggoFNYZ2tGY5-2B6gKxds5psxH-2BfrdIkrXIoHecD8IU8BzrxhcTkt84QMno6wVwAClL= kEm7hQBWV9Fqy4PzVsTLA-2FFMdlQiiC7BNapEw-2BiGXUU5ZN865C6TXV0gwPf2UCNNz9Jc-2F= w96FnpNHQzkAToywIM9lk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">Bachan's</a></b>, the maker of packaged Japanese barbecue sauces, agr= eed to be acquired by Nasdaq-listed <a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= Vm1s9I7Q-2B0l0eoA4ZA4C80TD76sbE1BjVLtNzB8Edbaw-3D-3DCRKo_Pr966knuaHmaw6c7pK= vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1C= pu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pa= fuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs= -2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wKbrbNuadakyXX4eFcmM4y3f= d7n3wD9a6NJL5d6bmgZuRo3mDivYq6y1Bax0ZVQvja2siQKyBGaqp4JPq1Zfe-2F494bqlWz-2B= -2FKNnihA-2B0E65JYWm-2FLp41lb2TRO3djrcD4nqs1TDA1feoJHMf58k-2BvqIe-2FNB-2FsB= 2GeTHZJB82UAXojwBrVhlFjPeiU9EN9Lyvlss2sQs2lJ4mIS0EXqeH9rWqDN9ZWTn4S19Qme2T3= GaY5u6AQUg-2B3OUzAbGb5XWv-2BWGpDyhRgSjiIDuO81st-2B48-3D" style=3D"color: #1= D5080;" test=3D"" universal=3D"true">The Marzetti Company</a> in a $400 mil= lion deal.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVm1s9I7Q-2B0l0eoA4= ZA4C80Q7DVf1vKoJRDMZmOy54jpg-3D-3DHB6-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL= 0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77Z= RWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCg= f-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskR= olvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wDIKwNoT1fzH0DI1jbCNCkDjYqTUvTCJGosLxIUCWz= nzAGRmLWgfGT9AxvOXrIDXFGP9Dw-2BKPYRvvYZ8L0lFBJoAJaS4ofdI7u8ipvIW5uWU6a2wZ1l= 2rjC7KaEg9TKPYcEoWVwB4sOo-2Fl6jXYW9ixnlQpsYX26Za7uFD4rLngdsW40xjN-2BcZUcS8Y= UMzruzSzxhCPybSnl5UZeAmdwXLWXw9ci2SHejxC5YOPB33x6qrq7Y7CoNL7z2oTbLtgMsROhGr= kOh7NekhK6S2LNInGY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru= e">Longitude Capital</a>-backed hair loss biopharmaceutical company <b><a h= ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVm1s9I7Q-2B0l0eoA4ZA4C80LL8q-2Fkrx7oirw0= lxtChJ6w-3D-3Drq-h_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM= cVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0= FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F= 4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUla= Qo-2FeBk-2Fb6wCqGlTPmQC7s-2BIDFpqaW9NfzKQ-2Bg7EuyvgmJxTw-2BAwmRuM5ZPP3skzYQ= XenkbmSHmoNX8XXmskh31MBKwPTsl-2FfPect4B-2BEWNBoBlxLlcb4onaFVJkxv7GI9Q-2BUHe= -2F58OAyhC1ELZjvqvsSAbQeT9V94ZGSBUS-2FFZmXlM6U0-2BFHOlXWc82FcLyYtU31oGc3p6j= N1pHR3M06bBUMIgDdVdd9qQQkDefyKwANZxisPb0FzssCsnNbQsZNJjxCSmmxQON7jUVx8oGUQi= nCtyCOTbwc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Verad= ermics</a></b> raised $256.3 million in its IPO.<br><br><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzVm1s9I7Q-2B0l0eoA4ZA4C80KnpACV53uum6WnzdcTbQyw-3D-3DwBw= v_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0K= vVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8x= MYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-= 2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wOr-= 2Bfhot8-2BIRiVd0-2BoLhqeLzA1UQfbHK-2F-2FZ5pSJU5NSMvQy0GNoDbyMnQ-2BifhrWike7= qIvrMycbzfnZqARTpxRCYWC9T87GzlMeqjeZf-2Bha9ZKXW5UY5ItOnKx9ysy-2FvpRRkyb8tg-= 2Bsw8WZk6ugHW7asC16zjUbt3almrrKdEHPrQX-2B46mDCwioxaSupxFU48c98pNqeLzYvoX9md= QmHCgQDq27E2J22-2FYhHzXR256raH3EEwhlOQUR-2FnhPE4Zdm9mjnUAHAVdsIKFzjjKGmGGY-= 3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Bridgepoint</a> = exited its investment in Houston-based industrial sealing and gaskets manuf= acturer <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVm1s9I7Q-2B0l0eoA4ZA4C8= 0BMOiKAD3ljcnIrV-2Fveht1w-3D-3Dooxc_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ= P-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWr= btj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2= FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolv= MFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wLnXsN0GeOMggUR8ksBy3eJYDz9nZOqNXkMb36UMVxcLq= fQ0Z660ymlEmxrPoTdQqy799jeovqO9ELzg0e054UaHgi10wljyj2pWHAjNBh2SBsADt17ptfpT= xZe7filUqWlPXyH-2B3YdcZ83PiW-2FPto4rIM1Q0M-2Fsn-2F0zZPg9TKy16UFDPwyRb-2BcLd= TS6QVVe-2BSBtFPymhJ28-2FU72lIdZEB50UXQdkWLnT9yZ9eVwRXSoHnSg8TBr0KTBojRs504Z= nc-2BacfNh1YzUcltsA3Ynboo-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Flexitallic</a></b> to <a href=3D"https://url6380.news.pitchbook.= com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVm1= s9I7Q-2B0l0eoA4ZA4C80y1OwDMJfooqGaETWffzQDQ-3D-3DAwkE_Pr966knuaHmaw6c7pKvB-= 2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1= SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuS= MfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2F= ePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wJEb7lIZg9AXct8bb9-2BYNYJoU= pOSl0phoCXXuKoLLDeSZBYowElzbm1mWnOSF-2B2-2BC0wgjUtY0ZAi5jSn5jpycmDTNEBhvTYb= Y5ZeOQGkZ5L9hap21MBo78OdZnmk-2FuWLOrTrrrjvjmOGFMsb-2BoQlVAu4EicxgHoBCNOz71R= uDgUJr1YqP4Lbhak8VU-2BXab6wU5NQW-2B9qp1GOVqpuAFQ6apYixETosB8-2BM1rzUqz3LH-2= Fkonh-2BbO8dAeiq1WCp7u9dyCLJcjqwMLzio5RQqbluJx0-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Compagnie G=C3=A9n=C3=A9rale des =C3=89tabl= issements Michelin</a>.<br><br><a href=3D"https://url6380.news.pitchbook.co= m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVm1s9= I7Q-2B0l0eoA4ZA4C80eCaziP68McNI0YpzVhQNDw-3D-3D1YME_Pr966knuaHmaw6c7pKvB-2B= CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1Sk= qT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMf= ETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FeP= CzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wNDMWAxH8QY7dr7LK8S-2Bah4sL9p= 5u6XsxwddpUBQWWPFt6-2F7yBOb2oqKJzqttSlG-2Bh6T9iqC6oLr3QayqhejWq-2FgCSssDLA7= wiKVL3k8-2FA-2B6VnTc8Oj0swAhm0vTPgaJ6N6tANn3WWwMLO-2FzvpN35tfEP47LrMQGvshOf= N1rEZmf2o8UFzviiXIVdEzm-2F0BD04c-2ByhLI4VbJmKfC-2F0VsTAyKFB2vKSOJPDj9dSYp79= pdFWPU3H9V-2BTKv0cRczkiDaBRW-2FWcGHVJDouJH9lOBM34-3D" style=3D"color: #1D50= 80;" test=3D"" universal=3D"true">Warsaw Equity Group</a>-backed drone make= r <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVvErMNY-2BOMi3kDY7nQlKeAj2PJZGf= rP4mKC8-2BHY3n5JA-3D-3DxV3h_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-= 2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9ak= OJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwf= XjuBvNUlaQo-2FeBk-2Fb6wJScFOSA0v9Qq-2FrWxAcOKkXf8HV3650hcis47XjM3osl3kocQRY= DojxoyD0h7x7nwqihjfHdBfwGZWiJDwFK-2BMZyZQMSBIa1x4vVjqPGyW-2B1IG5awd989EvAhJ= fspNMPpbP78eQDNkhBT2bMbnOc-2BXBvTvOABt5QHOKv8S7eX-2BJtE9RIQvAUjdQagKLeKWmSl= UgpDYQt4i4vLkVAMpePmvoTpUFrKoJVY-2B3Ii1-2BoP4UtDehE9kPA-2FYgKEh5BWddfbekAd2= T0OEhf1ERB-2FSX86Ro-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">WB Electronics</a></b> is considering an IPO in Warsaw, Bloomberg repor= ted.</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>Fundraising</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">Paris-= based climate-focused investor <b><a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVv= ErMNY-2BOMi3kDY7nQlKeAC6hrAhnoJrjsn2JSujuRcg-3D-3DHgXe_Pr966knuaHmaw6c7pKvB= -2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqglM3VYV1Cpu= 1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKXZ0YI3pafu= SMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0R1gcDvs-2= FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wC7-2Fz9U5cu7QDgt6ZVacbgSB= nqTZSz6B1ZdhdPWf7SVeqVf-2BvAOJRgXoJbLEGXEj1R7n921bux9vnpxJpnE4sqYKYYz4x94aS= m1g0fTrkvCzoTc6x2-2BRVrTqnFrWO34yJsAJS-2FtTwNjaUnOKMlegB4FVJHRvPVSngIJSWrW1= PTKhkzkEBlnZf2E-2BFlVByqkLV48wjZVb0kRZTXhx7n0gSqjs38r98AKcSs7LTuseBRavyB1as= 7mXaCFJUwDULAx5pg2Qkgu88uZpQQI0ne61q3I-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">SlateVC</a></b> held a =E2=82=AC132 million first = close for its debut growth fund.<br><br><b><a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzVvErMNY-2BOMi3kDY7nQlKeAAymNUW5udpsvBhBh9dRkqQ-3D-3DWKm3_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR7wP0KvVKVesgUIuqgl= M3VYV1Cpu1SkqT194w1Kyq77ZRWrbtj2vkl-2FhPYyxN0FJ5mH3caGNHhOix8xMYSf0K8g2QJKX= Z0YI3pafuSMfETOeeUwPsSTCgf-2FoHKi9akOJwYpm-2F4eYipu9wWSM8cq5k-2FhKrzGbvjjM0= R1gcDvs-2FePCzLXnyztbhskRolvMFpBlWwfXjuBvNUlaQo-2FeBk-2Fb6wHu6l3FTPYH-2F5Fv= NRjRIieOOxbQ0nHE34u4VC1KJMjhuMxsIS9ChCN3sgjdyVSaPuK3uZbTZf7W8dsFq0GEpFNPW-2= FpHpokroL1JFn4CEknDeGNRlhqi34PTl5-2FmhAGJhCJu65qiOEOGdX7ur70UqytJF-2BY5hZV-= 2BOkVy-2Bf0xizBVzUyNwQ42RtK7YG0QvfOFCbyn2AFnfNPmqz2EDlCJuDvIhOFj7JpEGPkBwbC= QYH2egIJzJSXfOCQibXGswk0T878t99PM6ToVF5u-2BdNma9PEY-3D" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">SNAK Venture Partners</a></b> closed on= $50 million for its first fund, which is targeted at B2B marketplaces.</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>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table 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