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The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters Veritas Capital's $15B+ win amid PE drought; the rewiring of enterprise SaaS; Joshua Kushner: 'We do not hedge' February 18, 2026 | Read online | Manage your subscription The Daily Pitch PE, VC and M [...] Content analysis details: (-2.0 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- -2.5 RCVD_IN_HOSTKARMA_W RBL: Sender listed in HOSTKARMA-WHITE [159.183.175.69 listed in hostkarma.junkemailfilter.com] 0.0 RCVD_IN_DNSWL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to DNSWL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#DnsBlocklists-dnsbl-block for more information. 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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 18, 2026= | <a href=3D"https://url6380.news.pitchbook.c= om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLYMX8Dp= mWzFxMxovSC65GJQfiPoJQGjIxsytnXxOx6Q-3D-3DxcJ3_Pr966knuaHmaw6c7pKvB-2BCEiDn= j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3= GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiE= z5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2Bkgzlt= vYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qJoyIsQXlRtqSxUuhVdYvyhkXd= EMKup1zsldnN8C0433qXQxQtbKW69kRkX7yqpekYZM8hOtlZ9a5b3vGRL801zsW1e3htl4PrG8A= xVxrQ35ZSiUkeG8S0-2FiSRJYx8Dss3pfG53TJzNd6-2BnRnun2q8sG07hTQY3t28mSFhJh-2Bn= AVzML-2BjEMXH-2BEfBVb8hnASxqz8LxXkZbJmqcThDqlsA7CSaFuKHtv-2FOKBntgt8UOyo8Fm= fITQtZNSb-2FTbZwENBn50ZNwzbwh4u-2FdE95EmpzKs-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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Much of the gain came from write-ups of unrealized assets, wit= h actual distributions remaining near historic lows. Net asset value increa= ses may reflect genuine optimism among fund managers. But as we saw in 2020= and 2021, high marks are no guarantee of real returns. Download the latest= <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65GFqflsszlEs= Mb1wy0lIBp3A-3D-3DcC8z_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4= 3kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oqul= eTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBw= TP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-= 2FsTrGPdQb-2BtG4AyHp-2FZ6qK-2FpCI-2BeFqmJjWBUnTRu3NgMFodGG542Ui7XPx5X5-2F5K= l3mWTW9fl7Obuc9qpKC2U6JUtxUFW1Fp2GjBga17E0K0O9AbX3p-2FOU98QsZcV6mPTkBn7BfBy= Yo-2FiH-2F6HPEA0T-2BBJHjGWNJzNxqMrPkAjp5w6aWCMq-2BBMmPowRdx0Al2mVVPXYaeXb2I= tnte6aIWhD-2F3JMuit9N1Lthxp9JnVKZ1MeOPRDw82PUqaIXxWYHbLccssk1PGFALsJbgk5fta= ckgtc7SCQM1gzJsPKImWmQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Global Fund Performance Report</a></b>, which has preliminary Q3 202= 5 data, to read about returns across asset classes.</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_577695" id=3D"n_577695" 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;"> Thrive raises $10B as its LPs = anticipate mega-IPO windfall </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> Joshua Kushner's Thrive Capital has closed i= ts 10th flagship fund on over $10 billion, twice its previous fund size and= the largest yet for the firm.<br><br> Thrive X, which will invest $1 billion in ea= rly-stage and $9 billion in late-stage investments, kicks off what's expect= ed to be a banner year for the firm's IPO candidates.</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-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65GyazVeTeOB= 5i-2BNUHj-2Bzes9A-3D-3D1ZVH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia64= 8oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQ= IUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6= pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qLr-2Bh8vTjdOwSMu-2FAF-2BKpp3QKDohEqyiE89cFt9= q7u0iFwKD-2B0midQbKUd-2BMc41zWqa28M-2BxkykkOxKJ39jSItlE-2FsJPsuGED12f0R37cY= Xi1fcL9389IFaRwnw2pbfeHUBaUKOdFlNzt1e-2F4SeMrt2Bf1Nj2pP9913ZObMYnA61-2BTkfb= U9v4r7pHsjB5Djeyey1IdroI-2F3hTFyCL5JdO5EPf0fOV1v6N48RDv6F24x0AZzBfZKjOCbVi2= Lxe9-2BfrO87mW8x4Tz6dnh8xvx0ILA-3D" universal=3D"true"> <img align=3D"cente= r" alt=3D"" src=3D"https://img.pitchbook.com/news/72786.png" style=3D"borde= r: 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">SpaceX= , which Thrive first invested in at a $38 billion valuation, is widely anti= cipated to go public at a valuation of over $1 trillion this year. OpenAI, = another of Thrive's most prominent bets, is also reportedly planning a 2026= public listing in the back half of the year.<br><br> Thrive first invested in the AI giant at a $= 29 billion valuation in 2023, and then led two of its funding rounds at val= uations of $157 billion and $300 billion, respectively. Thrive then bought = more OpenAI stock in a secondary deal in October at a $500 billion valuatio= n.<br><br> "We do not hedge," Kushner said in a press r= elease announcing the fund on Tuesday. "Our product is partnership=E2=80=94= the willingness to commit deeply to a small number of founders, and to stan= d with them through momentum and adversity."<br><br> Kushner's strategy, which is to make relativ= ely few but very large bets, is one that few firms can pull off successfull= y. This newest fund is a further sign of the growing divide in VC, where bl= ue-chip, marquee funds can continue to collect huge checks from LPs while e= merging funds are raising at a slower pace than ever.<br><br> Thrive's portfolio had a healthy number of e= xits in 2025, including Alphabet's acquisition of Wiz and Figma's IPO.<br><= br> But Thrive's IPO pipeline is potentially eve= n more lucrative, spanning data software company Databricks, fintech giant = Stripe, defense tech behemoth Anduril and prominent neobank Monzo. And even= if its growth-stage bets stay private, an increasingly sophisticated secon= daries market provides ample room for the firm to send some liquidity back = to its LP base.</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-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65GyazVeTeOB5i-2BNUHj-2Bzes9A-3D= -3D8Z-F_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= R9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJ= NvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8v= SML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG= 4AyHp-2FZ6qB5DMa-2ByEg6v3vH4eC2Pmdcs4eMweiWOuNV3iNuPQNFIW4aZlF6tn-2BovSPjr9= LBLu5aBFuHgjmMS4OQxBrtBGeSlPqyv3JruZZj4KEi2s3dHVE72gtWHJcHlylQHixACUtCTrpR0= vHsM8dy2FWISvRwEEiM6kzzfN1-2B6JSSmBHmM-2BgQtp2995Yp2wBAP-2BzITPFQqVgqf9LEZL= vEiig3hPVfxiF4ATV6bRFRBTSZ0Y37qK98X0X9gTlTIflOavBgRp4rcnOZywqY1Tyb0Jf3Lxc8-= 3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-= decoration: none; color: black; padding-left: 3px" target=3D"_blank" univer= sal=3D"true">Share this story<img height=3D"24" src=3D"https://fonts.pitchb= ook.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 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= uzVLYMX8DpmWzFxMxovSC65GHEKOs0duYEOFVDEgugCHLg-3D-3DudVo_Pr966knuaHmaw6c7pK= vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-= 2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnY= qwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke= 28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qEloNCgHPwgPyPDo= eZClWmyaS6FQx5bxEylMrcerH6QZpzPleBfIiFp0WCI20amD5OeZ-2BMJ0st5or-2Fi-2F2Y0FA= P6N7dDUghhZegEUEKnb8h2M4ceKwrwjWe1zvlt4tsmcASXk-2BXFUz6E4-2FpNYXsmHVDI7tW1u= 7lS8LsoJc-2F2AQ86PPYXspx1-2FetibzCAAR62W1UwWV-2BVKGUS0wsy-2FzJF3F83nnOPFYCp= Cw1fMJa1XFrE9kb6Xr1N7OILNAaPi-2FSfcp4HUY-2BcK5Y1RbBz6PPWdm1g-3D" universal= =3D"true">Q1 2026 PitchBook Analyst Note: 2026 IPO Outlook for US VC</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 West Monroe</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_577369" id=3D"n_577369" 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 M&A reset: 5 trends dr= iving deals in 2026 </span></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;"> <table lang=3D"x-image" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" align=3D"right"> <tbody> <tr> <td align=3D"right"> <table cellpadding=3D"0" cellspacing=3D"0" bo= rder=3D"0" align=3D"right" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td style=3D"text-align: right" align=3D"righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65Gw34BUYfvwgOswc8= T-2BY5q2w-3D-3DbmI7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTf= qKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3= MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2Fs= TrGPdQb-2BtG4AyHp-2FZ6qKb-2Fhc0D0g5nISqt7TDjxeqVBYyZ-2F0F5FvkpXY-2BFqof47SM= dsmyo4F1D9hPITlvnvBiEw1EHjH9T0Z8-2B49VKC866ylj5MVEzCohMRBjto-2B9AF3OQElO-2F= Q8MiWgOvS63fJz2-2FYWKtWF8ojZkkuybsDhrxLyGkvsqceRxzBMWIMriPX61fInm5tdcvFFoZC= 6-2BAcId17M4i2WOk8ftmF-2F1G4tr4xECtriR4nvIBKAOSSprre-2BwE2bKJHqQ-2FdDklCPhX= BclVKqf1z5qoQubnKRnY5kY-3D"> <img src=3D"https://img.pitchbook.com/news/72= 617.png" align=3D"center" alt=3D"" style=3D"border: none; width: 100%; heig= ht: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table> M&A activity is entering a new p= hase in 2026 as market volatility eases and deal fundamentals reset. Middle= -market momentum is returning, AI is accelerating every stage of the deal l= ifecycle, and acquirers are becoming more selective about where=E2=80=94and= how=E2=80=94they deploy capital. At the same time, integration readiness a= nd regulatory complexity are emerging as critical differentiators between v= alue creation and value leakage. <br><br> West Monroe=E2=80=99s 2026 M&A Outlook e= xplores five key trends shaping corporate development and dealmaking strate= gies in the year ahead, with a practical focus on execution, integration, a= nd competitive advantage. <br><br><a test style=3D"color: #1D5080;" href=3D= "https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65Gw34BUYfvwgOswc8T-2BY5q2w-3D-= 3DHcbd_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR= 9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJN= vP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vS= ML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4= AyHp-2FZ6qIbuDSvSfOR7PJ5Pd4BxYB3jiuoLwCRCvj6Z0mIBQpk-2B9FuggycT4lcx3siLC2EN= 5IvT69rqdyY1Z7vrn8Fuie82gi9FdX9jR0gvEIV6IzR5rVerW8tZvhQVUxcS3TqroyNjYI6Ea-2= B7fyxvPiPiSGTxv0ARPFTg5EJ-2BL4i8ux07m5GZ63KvSjuiTSOMsx14UWQzeoKqZnMclpVmnE0= ydYzXnYcfjZKLGFShWdBVYy8I1aNJyxVLbKiGvE-2BwWgnrRFMVBpK9XZwPO8TMM0zEJxR8-3D"= >Explore the insights shaping the next deal cycle.</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>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>Veritas Capital has raised over $15 billion</b> for deals in the aer= ospace and defense sector, a rare bright spot in a prolonged downturn for P= E fundraising. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65= GcwI1LE6BreoBTeXLj9nBwg-3D-3DxZ5R_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZ= bqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHru= uG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj= 3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qII-2F1C-2By7JQ6qpcqug3-2FxHFzB0YwPqYHI= tBciWXuYYdm7fHQksWRrFaFeTyT8Ttmb6o2d4u7nzGU7ehuHQ10wTpTEvY93tXP67tKCYRv4ZA9= Ds8J7YVwJaOjSUCEdvT-2BHPkctFj8TbmACU0pscsWHdpZlomH-2BHZRzYYMj9aEcQnc9exbBq7= yRocmrIrHRmTCyTT7LYcQTR6OTg2cPmsL54vkDXmb-2F-2BrneBpSp5I1foScw6jYEv4RbDzy-2= Frq0mcVGGGZjg-2FhF-2FL1CaNpG08ZPYsE-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true"><b>Read more</b></a><br><br> =E2=80=A2 <b>Higher prices, fewer winners</b= >: The <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D= u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65GlJR1= -2BEnbZcdWloJ6wd3X0w-3D-3DJ3mB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BH= R4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqi= a648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-= 2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-= 2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qD9atVjYHmj10I2ZjcWx6mdEF6jCBLR1LnRwc4Ulh-= 2FWa6TlQkV8b7c6jqX9lCckN8bZw-2FYY-2FX2zsRctH6ErI-2BhHCp425IFTL6UQdEk7r0hJpG= 8ARuSjjTT26pbuzSORFih2lhUcKv1TtVgyyEru1kHzDZLlmt-2BmgVjulmytQz5NMsM6saKaL11= ei1yCnEgs5Eh8BprKE7HKctGeOjUtmpuOVgQ68HYONRIW-2FkbfrXRXZNNwrCKE72GsB79jpcs1= lZnT4sorMtLsdNEVa7zCvZH0-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">2025 Annual US VC Valuations and Returns Report</a></b> highlight= s AI's dominion, as median pre-money valuations reached decade highs last y= ear.</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_577717" id=3D"n_577717" 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 $135B agent effect: Why VC= s aren't pulling back from SaaS </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> SaaS displacement fears crystalized in the m= arket's SaaS-pocalypse this month, but VC investment isn't showing it. Vent= ure bets on the space remain strong as large enterprises get serious about = pursuing AI agents.<br><br> VC funding for enterprise software surged to= about $135 billion in 2025, a 59% leap from last year and within striking = distance of the 2021 peak, according to our <a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzVLYMX8DpmWzFxMxovSC65GkOeRaQ3X-2BL6e238T-2F2VqiQ-3D-3DbNVT_Pr966knu= aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHd= Fs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mB= j-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA= 707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qCBLsw= MNKHaUOGGmOzyURdHW486cUpT-2Bc8hvKYmbfOMd0ixSlVDdpWMM2vUlhHtNhecZBsEEQep4RU7= jQgtptu-2FHPjgg5ZR3zd1QeME2vmtdaxGtBW1j6N3gPUyDGSYP-2BDxWCquw5k-2BWlpIRcEu0= gVVcca1jfLr2rKd7PXtIOs6yxykheandsy461M5q7ubq-2Bg-2BdYkM2N6XH-2BrdzpTRaufP1d= pJdSjgxR6y2CdAQqfv-2BFSZMy5gHwEMM5Y9cRRDw2mxnMT-2BroGYelPqutqPBAeo-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>latest report on the = industry</b></a>.<br><br> Rather than signaling a dying category, the = data shows an ecosystem that absorbed a painful 2022-'23 correction and ree= merged around a fundamentally different value proposition: autonomous digit= al labor that delivers measurable ROI, replacing the per-seat pricing model= s that defined the prior era.</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-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1Q-2Bc54dlo= lFGfViZgSvootvA-3D-3DBUtb_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648o= quleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIU= mBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pO= an-2FsTrGPdQb-2BtG4AyHp-2FZ6qGvphp0vwX-2BMcbpphxLBS3ZVULVzKDjEMRq1s2hq9d4XR= ATQaV3Y7dUX783QgRhDgwQ98Ybz8SLWXoT4WEqURpI7KKOvACrNnhJKGqyPOccVEvWP-2BGEG0-= 2BRhgq-2F8P3olMTvA-2BPsgjAm7sDB3pBvlsEfz2YdfKMzeOGtXE-2BXne1zrxwb2aBkGuEYmM= p9HITAWpxP22mUHJtY33LXnnBuJJjBW-2Fz2l52JnExIJHMt-2FtA8jWIqm1CgopAhrqMgjdc0d= z2i4amj6P-2BkP8BzZOt4k0WM-3D" universal=3D"true"> <img align=3D"center" alt= =3D"" src=3D"https://img.pitchbook.com/news/72788.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">Zoomin= g out, overall deal value in Q4 2025 normalized around a healthy $25 billio= n, and quarterly deal counts have stabilized in the mid-800s after peaking = near 1,500 deals quarterly in 2021. Importantly, the composition of that ac= tivity has shifted.<br><br> Enterprises are beginning to seriously inves= t in and deploy autonomous agents. Human-friendly design for control and ov= ersight has become table stakes, and low-code or no-code agent builders are= making development of AI agents possible for employees beyond traditional = engineering teams.<br><br> Incumbents are accelerating AI integration t= o defend existing market share, while AI-native challengers are targeting g= reenfield opportunities with leaner architectures. The result is intensifyi= ng competition at every layer of the enterprise stack, from infrastructure = to vertical applications.<br><br> Looking into 2026, we expect deal throughput= in the $25 billion to $30 billion quarterly range and selective but increa= singly open exit windows. The SaaS-pocalypse may make for a compelling head= line, but the capital flows tell a story of transformation, not decline.</t= d> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1Q-2Bc54dlolFGfViZgSvootvA-3D-3= DTgL-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9= -2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNv= P550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSM= L6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4A= yHp-2FZ6qP-2Fhk8Zsaau31QZDV3N7T0UC42DCnDatX1DvPe8KzIbfFBk2-2BoQEGShhxJXGDNU= 6ceLrr-2Bq4Nn4XZzWinbqZW4F0ZgkhctXhp8m8ZrLXDzpd2CVvH2CyIDotQGKwuTEzT5J13s64= -2FPMKgO1XqrzRRfSpM0ZYFmtZaWIe-2BviiQ9bfOmOKDNSUdCzAZ-2BWjuU4JfaSh56b-2B6Dt= daMMFD15uew0ueDHdJ7b-2Bx-2ByxDQDa7WgxMDSHPJUwN-2FmHdgNKsoCzAM5RmRhsvCrjcZzi= O78jtTw-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18p= x; text-decoration: none; color: black; padding-left: 3px" target=3D"_blank= " universal=3D"true">Download the report<img height=3D"24" src=3D"https://f= onts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: mid= dle; 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-2BaqM7ONnvsnswouzWrxdiAQj977w6o= qvaT1g1QwRSEkOEoj9BiIyI5ZnGc1w-3D-3D9jhq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ= YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw= 7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h= 4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJV= zDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qMVF9tsBnFjX5J4Pe7IZ1FncKwSyW2gs= avZlXoqxRiqxBOh1HuEtqUqL2Fep9Q5x7HGmeWiCmVIH2dawwoC563FxCK9qh7iwiMG2Tpa7HXR= csoMY3wmuTrGfHsyGmFVKL4mnWcldZio0IrNYXZ9crh2K5W60nbrtqVmEnKqOqnJ0o7DyPXWap4= VgoCO3SKyj4DI4RQOBi6rSctevD1Dbq-2BsBfncegAJQ1cMwPB9qag0b1-2BlPlZRz3iLIckHYw= tq-2F9KEF4Lozjub2tbZGKIIgUoY-3D" style=3D"color: #1D5080;" test=3D"" univer= sal=3D"true">Q1 2026 PitchBook Analyst Note: SaaS Is Dead, Long Live SaS</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>Looking for overlooked AI plays= ? Check out these Japanese toilets.</b> UK-based investor Palliser Capital = is urging Japan-based toilet maker Toto to capitalize on its advanced ceram= ics. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1Q-2FtAccG9xFm= Ka1ArSQj0BwA-3D-3DeWgp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4= 3kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oqul= eTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBw= TP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-= 2FsTrGPdQb-2BtG4AyHp-2FZ6qP1agLB4vEK2jZSgAtWNHKvoEOS632xIduzImM0sTVxUAnBlSd= VDQeInUoOyAPzvdOMvsBo3yY2OA4wgYA9WrLop7dZAT1880P3B10XkVvLWrhESbxMeJgdpE60rI= FYjvdF7XqroZ-2BR2GmjgoDbOLhtEtV5OWtlGWFiOFr7zVK1Tx-2FJL-2FurfYo51oMaomYw2CU= y42Hs-2BTsrylP-2FTA2hU9yJsE-2BCdVUEDb8A91UIX0yzJ2VBruoOr56AnInJt4qGLrIn5xCR= rsjOaVQuqQJ02-2BYg-3D" style=3D"color: #1D5080;" test=3D"">Financial Times<= /a>]<br><br> =E2=80=A2 <b>The blazing return of the fire = horse, where everything will be OK.</b> As the world celebrates the Lunar N= ew Year, some millennials think embracing the Chinese zodiac is about to ch= ange their lives. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1= QPM-2Fh3HSrj4YvL4EZFePiZg-3D-3D2Oka_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ= P-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68= tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZH= ruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgF= sj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qAkSN-2F-2FBSDPpLt2zkZDEp7ScLaNMDGPBZ= V-2FnRmSUJ0abhG37FOtLe5ikLyxNAha5Jhe9UKKbr7vADQY3ld1AKWiO-2BH-2BPTwOGqR9lzN= -2Btjm5uNb-2FipXlfUT3yWTJsJqayc5R5nYvpEkmL2IbZJfSafcC2QZk6Wh9XZef-2FIBxYPve= 2pF6UeAWczKM7eLjATAVW1y5EOACWQrFcVEpjB1W3LU0BKbH-2F1M1It8s7f7pByV6L5REJoqEt= -2Bj-2BHUK7PlfjkW7RcOnapdZAdsXsJKG8DoZ4-3D" style=3D"color: #1D5080;" test= =3D"">The Independent</a>]<br><br> =E2=80=A2 <b>Massive US spending on AI infra= structure</b> could crush Europe's ambitions for data sovereignty and contr= ol over its own digital future. [<a href=3D"https://url6380.news.pitchbook.= com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWrxdiAQ= j977w6oqvaT1g1QYYLGUa9cl2V5K-2Fu49vQxGA-3D-3DT_Fn_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMi= ZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5a= JiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2Bkg= zltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qDljt-2BVTFSl2jol2MjNSO= Tl3TXVd4iXWdsXUd-2B6APNK9E9F2bOikwqSY7xNP8CZqIJDSOza11kSl6VrRHSagYJitPw4th0= CSIn42dWBZQa6GaSQbv0vWT99gJ0DvvSuf9nbz385w4LgDc48h6Y-2BcCOZeggPlTCVLp21MVcH= AEmleC9bqJfdGyUoxi83YbxjnQypaEdDExruD4VtIlRs3Q6tM5hWJSwSejnZojCkXY3xTMqN-2F= xcuC0JyVX4KrzwUiAr8oEPoqwNv4Rnrmh4tn6kw-3D" style=3D"color: #1D5080;" test= =3D"">Euronews</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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Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 653 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Deals </div></td> <td style=3D"display: inline-block; min-width:= 25%; width: 25%; text-align:= center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 2841 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> People </div></td> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 1080 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Companies </div></td> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-al= ign: center; float: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 27 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding-bottom: = 13.3px;"><!--[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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zxFyzk1zmOr1iv1t9RsAohOBurpvhf1Eohy3jrmWl5c54NGILFVbxCuP6Qq1pvMa78Te559ceyv= MLe3VzIwPkoQWAlAP5jMuQSW0g7RlhaEYMEhU05-2BQNYwnOWSiqOuKynGoBp7F0yD2pcrOBI3P= u7g-3D" target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px;"> R= equest a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_577714" id=3D"n_577714" 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: 2017 Vint= age Global PE Funds </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table cellpadding=3D"0" cellspacing=3D"0" lang= =3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: = 10px; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Median IRR</td> </tr> <tr> <td style=3D"padding: 0 0 20px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 73.74468085106383%; mi= n-width: 73.74468085106383%; max-width: 73.74468085106383%; 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">17.33%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">23.50%</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;"> 0.93x </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= swouzWrxdiAQj977w6oqvaT1g1Q2zNvWoWjpLEI-2Bf-2FqugXUDw-3D-3Dch1v_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-= 2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2= FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707= -2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qIIhq4nR4= svbfI7Rz1WCm0toI5THTOYAmUGUw-2BbWnlOfLcM6hb-2BlEce9olITT1uUkUFE4k3BfvjiKx5b= TIbH1N0T4Jw3m2M9ID6H26SEAtOHVQBCESGbt1UlNfV8sXj802TEvCNmznuUtPMPF9RRdYp68dB= p3grE47AaVAxPtsp996nEQuN6PyFf1BI1SvAUixZyJ1gVIy-2Bu470nFtyO0mYL5CjsBe5EYoYb= yg1hx2dp1OtilZbRVJW5-2BDaqYQq9WgrUxfUwzP8pMilaWlv6tSA-3D" style=3D"font-siz= e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Spectrum Di= scretionary Overage Program </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= swouzWrxdiAQj977w6oqvaT1g1QABwU3cdJmNvKckh8wxPkAQ-3D-3D0aWD_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgA= jf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqq= ZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2Bl= Mke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qIdspwUOXbgG8= rz9XgVIkasK-2FL8IpzAZ5F3jIbE0us37KN2Y98awWCIwx2xUyD2Xa8GdpXS6RPgPUmirsPZzhT= -2F99YsnKgWyuWqtYfIk4fR1SaPzQWCwIVssOI8zBZTm-2Bhf4h7oYPj304e6pAfCDtefC-2BBP= yeW5jrDt5Na2QMSYH4gqTsrN1mRtdRNQU8dr4v0luVkvzKYmBtfgATdC4s87C6JoZkUPdvXQsP-= 2BvgoNDcSEZMJjS72jEfT8tf0V-2FscIN6vBkt-2F2Gl2RaylF8Qvm4-3D" style=3D"font-s= ize: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Summit Pa= rtners Europe Growth Equity Fund II </a></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWrxdiAQj977w6oqvaT1g1Qe0Hh1SCxrL5p398o0w7hVQ-3D-3Djo1D_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgA= jf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqq= ZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2Bl= Mke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qJBlh5LlIycZW= mSvKzuPg17yVGVFA7XSah27uyWEHWMZFRxkn6ZYhkzxhpvVYacHaNOykppi1s6RyrRFiPyoPuBV= R6qtrN01aM0OBHgfvSZxHVmkJS76BupLTVHTdW1ioGJkIQUUUzXbe1BTOxxwqpNFn-2BF7Px6h-= 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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-2BaqM7ONnvsnswouzXycR5qI= di1ozdCMQe8oMUIjYp5MKhpUbZ6WYDtcUVmSA-3D-3D-HRZ_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY= 3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJi= Ez5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2Bkgzl= tvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qL4NBNHgLmq0rn-2FoS4Mw1f-= 2FxKjURMpBNJjprLbIm-2BMdGNLtFfbhAADg53-2BcbMyTiA6towHauNoEOdIFXAAgeqaVdJSvV= X0X6guAyu6oSNCuX48VtfZhKrdhTr13KJbMtK0ooZTA14MN6UA9UwyLZ7s84L1K-2FOcV1NELc-= 2BOtnRT2z3Dlq-2F6E9TlqAYHmThXCd11-2Fjpau9Gp0WuMvM7Ih30xoHpMvzOoIZHcvhLiSs3D= MOX4RmZwTkXLCWkiIYulLKq8-2FqgDpH-2FnJk9q9WQ08KWJI-3D" style=3D"color: #1D50= 80;" 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-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUImhl26ZNzaVwWGyg0c5VQrQ-3D-3Dn_n= 8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS= 4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550= 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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"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIltQqC2ixcD05uPqLA= 8ZdZA-3D-3D6pIJ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMk= duRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPh= npnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGP= dQb-2BtG4AyHp-2FZ6qFfWSsoteTD23nuk4DhRgt-2FHMcCZmQ02f1Q2-2BsqFdnBYToCnhHVtd= ts-2Fy-2FUlpDvVYDRMQT4woNG9S5fbdI9F4Tg6U5CVTvOmS2BKRE79lumaEB2U6U-2FDt0ckRB= yeYldaHm4E4J-2B3TZSpeZsChCUIwy-2FcDWgd-2FPJG4TDIqUJiD4h0xkdZVlrLDhB4ppJy1cg= 11IaLYI4-2FS94Ed0wI82W-2FtJ4T3TrzgGeV0ZUx0QLyg7wMHYxjmWEFHH0nCb2qCvBJPz1Tra= rFPyGEk5p1ut93Cyg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Moonshot</a></b>, a China-based AI chatbot startup, is in talks to be val= ued at around $10 billion in a funding round from investors including <a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIR-2Bpd-2FEfnbZLOzHK= 2nLF-2BLg-3D-3DrpIU_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTf= qKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3= MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2Fs= TrGPdQb-2BtG4AyHp-2FZ6qKQEk-2BGtMTaNhdeGR5s2vDzlqeM3Hb-2FzDH2yya-2FnEbaDXGx= ECHe82hFFnjHS4pF2ddd81yGEjvPnt0ZgcFCgdOdhc-2FVH1SPdY8j32FO-2BhFarq-2FTmho-2= FQI71DhUxaRgFWh5jbgi7xwzscf2RqxjSKGTnBVvwh3ks3QO1R2O72rBtrRaUzpHm77G76j9Gxv= -2Bju1vi8xGc8S3UOz5dJvAgOQXFDqBUsX3GFPbLhqz7zSHyHQdxor3qaog-2Fd6uPrdYNPRfyk= dOkxRXUtQw7LYZJMLXs-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">Alibaba Group</a> and <a href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5qIdi1= ozdCMQe8oMUID0b-2BmRT45L06ee5HTw7E3w-3D-3DldrL_Pr966knuaHmaw6c7pKvB-2BCEiDn= j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3= GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiE= z5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2Bkgzlt= vYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qJ34yX8CPOm9mKeKg091bBIR-2= BGA-2Bgd8X-2BOcKZ1E8Sh81O2crs9x-2BEIle6-2BOfKg473-2BCOJ7HONGrtcCaVp4A0uuawJ= J-2B3X6EeI2eNSUanSPGhzqAYGo7PlGyadlglKOsFgIR4wVslyecVRJAwZm3sPuw-2BPQq1OSgu= zlqUiAYBVpTHtD2UyxWQHfOSxzTGqShZowUBi7VP7v92fTmaOb6Sydxe-2BqdfXLFUKAr76dbkj= bTiiatIafLqM83mc-2ByB4QNEwTdNvu3-2FXsS-2FH5wqZXG9lHM-3D" style=3D"color: #1= D5080;" test=3D"" universal=3D"true">Tencent Holdings</a>, Bloomberg report= ed.<br><br> Agentic AI startup <b><a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUITcXzoSKzP-2Bk2Ol0VV8SPhg-3D-3DnYSF_P= r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fj= XttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2= kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDae= LTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ= 6qAzHk8M4NN7kVDLOXlrls0SnuhkiB0EKKIt0fJXB17m4x55j9iyMKDiPdwJ-2Fy82mC4MW9QXE= g7F8RkHqEA0C4zJzN1wKhIwABoZjU7hrZQP5fbPddLGuO11nKVMGf6gHKDz-2BA7RBkWWw9PLYK= ATrEhU3Cs-2BDI9wjKsoZlYzGbz3wDMWmG5c3wMUF7FX8TS2i-2FIVLsY8dHXnXAlUNCi8585RR= 7kIX8drGj81nc6Ydp1F-2B5dyKDs6wG1E-2BD97xsDYj1-2FJBM8mVvR2XutiyaDyPFN0-3D" s= tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Temporal</a></b> secu= red a $300 million Series D led by <a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= ycR5qIdi1ozdCMQe8oMUICnHtYysQobCr5PA4wEo4nw-3D-3DCQW-_Pr966knuaHmaw6c7pKvB-= 2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD= 5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwP= uf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-= 2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qKP99n4VyJ0DrqAa2B9= XJf3ELjK9yqWr3a3ebovRgA-2F0VM2iQG5Vn0nlss6U9VxRZEq52z0E4X0Yu66-2FseGwi2BzbQ= 90TTaPOCR3UoUBnQiwgS4wLsRuvfLYgDVgucp23zmVEM3rLYXj6bf0hnZYTRKhOuwdeAo2vQ7JX= tC-2FmsnjQ71lyTMRDHJXeg1OIjlJ91NzJ8X4P-2FTQLi31QpYG6XorI3Y36-2BxRC1rcmkxH-2= BiuZ6WrvR23wVDmpROsMtmKn5sTVZI9TH1eXF4hedk8NLJQ-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Andreessen Horowitz</a> at a $5 billion val= uation.<br><br> Decarbonization startup <b><a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIcif8U8KAyWf9dB4e08yHCw-3D-3DukR= L_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS= 4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550= TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WP= DaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-= 2FZ6qFpNcp7iMLSb1Z6UMbux-2B3gHctnDVVdsMthHbo5QRPwPj-2BI2LoDPGCoMQxdtalrVXLx= 3V5PoyYHcUnoXXc7i7yM8IdxRADmWs87bgQGWrIIn4VzbZIh7Ect-2BmICXS8j6ze7Fz01b4SFS= fkdNGT-2BMjqdNaoHLJWsn5riomIU3SYm0-2Bouy7hxbiiywIHHHwurT-2BHrKKeeonZhKtNJOl= KoMaMx1Uqs83UVWLlSuOajGL6iC7rW7PZ7iz5u5BZ6Fl9LTHe236JFDcoAOfw8ubmVH7eA-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Utility Global</a></= b> raised $100 million in the first close of a Series D led by <a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUI1m7B73OFdi91aKpnU4vvQQ-3D-= 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uleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUm= BwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOa= n-2FsTrGPdQb-2BtG4AyHp-2FZ6qNnAcW54rNy84k33ALPY5sTY-2F2m5nRwp2ugaghKza0-2Be= s3-2Fs11pe4-2FNdO9Jo4kuP9DbLv16DPdjdT3UCdY23pOC6UxOxp-2BwDiCdO2YIelm1OEkoSZ= f10fRcuopJCAQIRLQvMKdm1tdomyYJCBtTRKQSKQmx2AvuX2Beuax9fI7YOBPUx23rCxrYcjDIw= 14-2B9CxS60A7O8KPuBa9EqQcgXTUXkBv6fbPhCwE31yNkcbsoTWhAnYSMGTnw8eBTIUBrAnqF-= 2F9tVVB6-2FL82768p1EX8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">APG Asset Management</a>.<br><br> AI observability tool developer <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JFaw8buDBxjdkAcQho24uz= w-3D-3D7oTC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA= 68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRs= J4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnn= MG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-= 2BtG4AyHp-2FZ6qFSVynaIY6Y-2Bg-2B2xVo-2Fwi3euRCr5wrZi2YVQcghCOm-2Fn4tphEwnfs= ktyWm-2FFxz7XVpQrULKGj2MtVtiGaG1V2gb8r9fUkHl9q-2BhXMcqjE6RppgzZH9uXLTWkibr0= -2BuhoyXyequuHJQ4kATf37CAt26AYotMvi-2Bb3NvpgaXFdmFkjjIdCkS4wWR9JgEu6Kig7IC4= gJN8uGyQzFaQUX75ddxYsncAxLmt-2BOblLVi91yAF4zfiDpVdoMuw0-2FvxQpNNnt9W86YHPQQ= kVFm-2BaiHVomQY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= Braintrust</a></b> secured an $80 million Series B led by <a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JwBPMpPmGv-2B9ZNV4R0hKq1Q-3D-3Dw= 7_m_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2= BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP5= 50TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6= WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyH= p-2FZ6qDly6pCrF2fkcRN6hSONaN-2BhcVDGKS5vbKMhJNc-2B9tMclT091N98xf1N7DVs4gnDR= t3V2bi3K-2BXRzbrJMZhriDrmhn18vhhiCu5L2bYaAerocuFtblX7ZEs3E4JM5O-2BzIvTBXqRY= rp0kRuoQqGGv9OFtloUXPD6mOUkLn1gKQhH1qkwlFSMBVtTgTWRucvGoKSdCJxQQMTAVnUnAOMP= NR7mtVdl28-2F40DFDMYlmknUYDTdCSV2px0tGZ0xuPFLFE6ENorT77FWRJFAyYKGR3mxo-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Iconiq Capital</a> a= t an $800 million valuation, Axios reported.<br><br><b><a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JP6A2bmxz1Q9bVo6jsHOwRA-3D-3D-j2-_P= r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fj= XttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2= kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDae= LTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ= 6qAO6fOZyZ4-2BOb2I1vkveWVc5guTW3URz2KZ2m2fI-2Fyct1hhF02tN4NGAuzFYO7NvyaVPQw= 99R7cNBb0p7pT0Wjkcxakzw1h6dZ0-2FTbiJ-2Bz-2FdbPxyFy1La986wj7-2F1dE9IDvpU42vO= yziN6LaoRV9jNKogNCqoBkfGPYZqprfKMV2IPIFRDk8vU-2BcKx-2BVRRPI3LM5sP-2BmXJGeJ7= -2BDcztF-2B2HszX0jCGNUSAHgy3FvOC8v5PA5EGXmrGuaDVp7msob53yjY2yFEWmoZFK41CNfq= Xc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mesh Optical = Technologies</a></b>, which develops optical transceivers, received a $50 m= illion Series A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNti= oTrJI3g9JQnyz86kWKHNfdezfIgM4OQ-3D-3DZsWV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl= JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZ= w7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1= h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJ= VzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qNXHmBgU6HEcSpB0KvlcPBuQJ9x-2Bd= gylCdwpol-2FDK9zHC02UmVq3SCeMroc2daEooBWJL1u3Fldg1A96DKQJqJx5CBIVWbJ9XyFlxD= XVD-2Fh4mI7yQQHBlNYGEcUeKlvebcoJYa04SFUgFSPIO1tMhgbrn9Lxttey-2BEROON18Tnbwr= f-2B-2B8UdCV5Ua9E3nLonso3hXsWI2SK9CRZJS-2FsYCzdwkYXqnwAnERyTRxPU1rUrP-2FuBQ= f8QwRkFI7vxh9xxw8IExXVvlqj-2FNRcSCgTAbc4c-3D" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">Thrive Capital</a>.<br><br> London-based thermal intelligence startup <b= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9Jjg2mC6NP1R-2F= CzN6KsYlotg-3D-3DeE3M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oqule= TfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwT= P3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2= FsTrGPdQb-2BtG4AyHp-2FZ6qH80qMuF76RDIfgLejAWW1pg4gBllhUnJUn3XT9V5n7fiQBcvB3= pvq9tTg49qCt7W5XjchoccGb0f6pb3nJHNzc-2B2gpmXQBHPCWHSoeS6CivaY4nyPk5ln0sUB9X= Qcj8B8-2Ffm8d-2FaGa-2Bxjud4ExKNFKE1HEoBttz9JvEoVr3iZJOhYw1wPN5-2FdUaIm9q4vK= oPQ1JVXM8VmrlxM75ZOLIUbSTrF9KhVRmegC89dO3wHzxAACGjsJtFpkLRqahMYpb5Xbcm6p2Og= aHPb2BIpkvfNM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sa= tVu</a></b> raised =C2=A330 million from investors including the <a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JW0qNJkxXgFbA6B0tgCY8eQ-3= D-3DRES-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68N= VR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4N= JNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8= vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2Bt= G4AyHp-2FZ6qPaLjEJzOzCKfvkUS5phCCDoG7EmVtWVSsp6SfdWftFYDejbTAv0G9maEySZ6A-2= FvLrsoD-2FiKlHX1zDsPZIgtG26v4QTyTApSwpnlaQB-2FIPoQbFi95w6s5NW7zNL8oJdeDxAkq= Tf3-2FhYERp1qUp5leGsdbJspEJbETdqvT5pIf5orpe9SpMHMt-2FRdJg1M0KU2rQU8pFOX-2B0= fQ0lhV0J8gxfUFAiIXqecwtFGP9xfcdJZsHXZn2EjLyehgkuozlZ0N7hJUJ6IdKpAQwg0uuYuwq= NQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">NATO Innovati= on Fund</a>, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JG= Yyij2bcs06KOVeEjbpj5A-3D-3DecZi_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbq= ia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG= -2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o= -2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qM6fHcaM0ScSSwCjbKco91GsCH3KLGV0DL6-2FCEY= yvNn29FKw-2Byyl36Csj1KOgIE6RlzdiJE9HWcK-2BnfMIF30jMuNqIxKW3x11Sp3w6HaD-2FB-= 2FXNPk6eU5k2UyQB7tayt3KdaPo21CSpaSqP3wHiOtazuSqmZTKpqCh8thuXAjjq0tH522wJe45= 5AnzwggjWxMv9kyJQxfUQAjhQzb5inx1wSwza7yaXH-2FV-2FEhD-2F1n0TbeJ58kdoOYceOISL= WHT3F7qsNVe3nHwVwfKU8JQO-2FymYM-3D" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Presto Tech Horizons</a> and <a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzVA8SwhHmdcNtioTrJI3g9JsG7y33MreVikFsbIHjSBeA-3D-3D3Ymv_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-= 2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2= FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707= -2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qDSFq9r-2= BvMUY5Vfy2ji-2BonUQq5nGOMQBSwm4phQe5X-2FDDvMCggX2v7tL94tOrgyhXmEziYzMdj3n8x= G4wej6U8Mv2oQrZDjvaNt1fUNDnt1pef98vyAnxZtO-2BN7fPvrgwUzk6QMaiSTUKuXak988rM-= 2Bbd2xzTkV-2B3yKNZ8tg82XzmtQAwXMJoQ6W7Zi9D-2BtehZsr6J-2B-2BYuhwPgUxi92cM0p6= w-2BBoQW4ey6oBCusPvNrLnAHzqHnwUBkJaAi3ckgrXqugdmRXe8FKpOcJX3Zu8cQ-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">British Business Bank</a>= .<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JX= 5kgI8fOiUWsrQw6c-2BJ-2FaA-3D-3DaQLv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ= P-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68= tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZH= ruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgF= sj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qIxj-2BL2cps44GQIXsI2ZysCOfsiaPlR257w= qXXdOB-2BYkUeNCMvEAHQ37VjnGrFKx-2FkV-2BpEXvh2p8XaKKnv8eOwM3-2FnaD526LNbePj7= pCIv4SPt-2FOsFuqc8ybYd0f3BGTgk90UZXrymFspqs0vXRlKIwvnKTlTafcMoGNW9L-2Be73Me= IZeDh7Fz9TsMxeBSTj4-2BFUwp4odcW762RlLWiv7UAzanWdlu797xEnmeXyxxh-2BMX-2BL3Jc= -2B8H3S-2FQIupup2uvKdUNB4r7IiGYssEV9BJ9WI-3D" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">Avantos</a></b>, the developer of a client manage= ment system for the financial services industry, raised a $25 million Serie= s A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEP= VBwt6kG0UhkevI5ajOicGVQ-3D-3D3kS7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZ= bqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHru= uG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj= 3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qIVWYAfMlJPq-2FzUn2qYyG5GgmeMAaKY96otKP= -2Fj1OA-2BrHu-2B4YP5oxrnCIuk8HpMn3RmexrD89YisUXKj2kAiGkNeuznpJ6pPxv0CUjLw6g= p9KAWlSpkgIbcnVpYyQIfAUYE1CuxiyykKKJeVXVbJIXDIZL3iwzDK5UKILfuiGAIH4WDZ82fnm= XlUlSnXEp58SyseT4MN8IpBdFjVyYzi8dJprtLBZD7F67jvC0xcMwiMg5KOjsVgFQdck-2BqMnt= UPU4vmRjcslxaZSv8f-2B0gSZ2k-3D" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Bessemer Venture Partners</a>.<br><br> Cybersecurity intelligence platform develope= r <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPVPfJDTll= mNQWlQGwtMJcHXQ-3D-3DbpmF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648o= quleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIU= mBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pO= an-2FsTrGPdQb-2BtG4AyHp-2FZ6qJWexyNCG1aj-2Bn2mp-2BV4gApoRLnaDp9H0hyCtY6vIdT= aoFyqIQPczumwHnmMNp3enQu3SIjeDkWIW3lWFt7JJceIawGEOVdvg-2F-2F6sRJBmQgKpTaYtr= Btz71fsYsvgspf64ZhKYzqkYpLGz6vYP-2BsCYrxTAZHJT-2BPgYfJ0-2FRe4JgiA-2Fr3lFmCO= JHzquPnVYoRAo9E-2BQJRHKtQ61H9IcM1fkH19fzvLgR6eq27sFeXCpbxmDz-2B-2Fcj4YIO2Qv= 6Y-2FGMFa9-2FeRospL4AUukdboyze7QM-3D" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true">VulnCheck</a></b> secured a $25 million Series B led by <= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPVfDGNywZIAWEIW= kpE-2BDMbAQ-3D-3DshQ__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oqule= TfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwT= P3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2= FsTrGPdQb-2BtG4AyHp-2FZ6qLgZTY0S-2FqDo6ekHD3f-2Bhneu6eIWU5zza2y-2FcuDjmsrfX= XRahnYByC3lQJjN34fXrxT4U1Kf3-2F7C7yqXGJUo9Qk-2F54DwL9dNaNjmEqntAICiyaIsCJs6= 64XjdSvHr1SKRjO4-2FPxpvr3flq6bkvQHL3zcbWVTBcYVQWxxDX4OXquDFkZd3SBi1xD-2FZQA= N2yQPXG3OXrxlhS4gk2xwE7CHC6uhM79rxBpVmVA-2Ble1NKOuTWmEkJftnECV9B0u2Yj8b4mbh= 8N07ccpmLWtUyzSSWQM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">Sorenson Capital</a>.<br><br><b><a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= W-2Bf3ExdOhyCQHr1V1CrEPVketoEYIxcMYjwXqu2U8K6w-3D-3DHBu0_Pr966knuaHmaw6c7pK= vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-= 2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnY= qwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke= 28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qJGW1E7D27QzEsWY= ZA7SAFvuzbHFNCA4clo1juYwY2ChSjsdyfXhgaDKidKl-2BkH-2BhRBlVAmtB8Y88Fq4OjNy4N7= usLQVUmtVYG3-2BP3JH90ZLbY9UClSuoNPdYEHAcUrdZ-2FWvsnSGx96jIwfq2i2lhY7U1kIake= TQAgz3L94y-2FWk4sLOoxjY7gfeqCxIkzG-2B5DtjeLCm8o8fpt87BPYsE1uBic7iunK5dt0-2F= 7-2BXED29PQLuA0wF-2F2fSCg85BrwaMlENLQ0aPb1eDgv9P8KPIbHqo-3D" style=3D"color= : #1D5080;" test=3D"" universal=3D"true">Terra Industries</a></b>, a Nigeri= a-based defense tech startup, raised a $22 million round led by <a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPV3oTGkIWHDOLa3G8NLzE-2Fi= A-3D-3DR1Td_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA= 68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRs= J4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnn= MG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-= 2BtG4AyHp-2FZ6qEBnAzZ932HYiaqJwKYrTjL-2FLaw4THzGaF-2Beh-2FcbpJJbO3MeQMaGIuF= HOROvdbu9uZb5cXlz6ZnbGEj-2B9aZJrWB0tvKADVZ0mn9Swj-2FE0UCwK6tXb5K6afhmCiofId= SdXZe-2BYpz7X7iiZS-2Fv-2BrWMKuJR75k4yK18yhQeUCrJCatGFkI1wQZiymU1cTJX2UAIqKD= SBWMzedtpnq6fpCMChuD1pjdq-2BVwZgKG5uVGpru1r3urOVXlLb-2Foa0Jf-2Bu9AlDl0p1rVA= LAydBSb661YMj-2Bo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Lux Capital</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3E= xdOhyCQHr1V1CrEPVNjLYGeOYL4b0mNMfy2VIGg-3D-3DZFS8_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMi= ZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5a= JiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2Bkg= zltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qMgbiUDXlMFqxf00LZ-2BCY= YzlvnrV4PXOoj-2FG4tddcTuN7ZR15ZG7kC5gSuk-2F1hHpygpRCB8JKjGja41HuRxHtq7QPT2x= CT1rJO-2FRA4gincnxUOVt8b-2FkVeluvEc6f8-2Fekk3ZjzMF15tHC4qU1RqieCzfPs-2FTR6-= 2Fl2p5pSJsDsRbK6dBl4N8nW1xtYlDgeM9JlbDtWE3TtYOK1IA4690EcUafH9xuYLlaR2AC3xtm= QZvxuo74Glrz9ufCwEC6bDVzae7F1AqGQTL2A8RSXPDkfVE-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Zero Homes</a></b>, which develops digital = tools to assist with home electrification, raised a $16.8 million Series A = led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPVmU6TC= CmHnEoWcUBruweRQQ-3D-3DCYaG_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia64= 8oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQ= IUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6= pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qHdLL-2FiUStP1ateMkYjwJiNuiuduH3L-2Fj5wCPtgre= l1nz4O2maHslEBrRAlrn3CHH0z8BXq2UPD7nWXQTYdbmtUa1VCyj1pCxaq-2FENKYjKnaTfC82o= fa1yHmXKRQnYWGO57RWRwSCsFzyZEwygsl7FJLddpLyqlDzRADkC5etrd1VdTPR8-2F89JStYBG= JlyUz8xgrrNkBH7XQa9jmzhRkh4UREUVn5qBnUYG107A1TtSvVQHezQZ0RYAvXNXxY9htVizFww= z4lF3OglYzQRwpxLc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Prelude Ventures</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">UK-bas= ed <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPV3bEijN15I= G5P09mOmYFBvA-3D-3DSFOg_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oqu= leTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmB= wTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan= -2FsTrGPdQb-2BtG4AyHp-2FZ6qPTJjsJADjya2QPhRkT4OawWP8oYqlvFSdg40NutMpYoxtQkI= xwG-2BoOhVRB1RFAIxGBbHgY9Uwegh-2FVGBFy4cLfe2-2FHA05Sp5PpduDCOlvKJwyp4msiceI= 7B604AViwL0YX1e0-2F-2FMfL6cbWXLmm3WEK1UK4v9q1RWj9du-2Fjw18dd9xQ16yy2s4eij6X= 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le=3D"color: #1D5080;" test=3D"" universal=3D"true">Advent International</a= >, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPVJ-2BIHasT= k-2FnRRB0ZePACg7w-3D-3DnxHI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia64= 8oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQ= IUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6= pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qBBm1TS9ERp60vcxQ2jvAezjXhstcYx6OEc53G-2FX4rR= pGHOQlJya8ibmwGKcSeykN6U-2FDTlcdSQ7PoDHaOLSgiizzpzPgU-2BppbHDTYxDos0B9cmpWE= j-2FeDEprJqJeDAuHtz7Xph1FsZTgQPc-2BePJw2Q-2BRXggtqcHujilOc3ReKM8ih8DfdNP82W= OyeRAnOZ4Q180YhB58frT1ylO3ZS0l9sDpubuuGc-2Bb06UIwjOqRicX7bsuU1w63KGqcGOEDGS= JiIrcdeuHqPFmJcanO-2Bxhjk-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">PPF</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5= NDIkYvJLqcOa4NNV1aU22xG8CwwTZNkg-3D-3DkYf6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1Y= Zw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga= 1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBx= JVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qPSNhh-2FoARXKka1pXzQRFwvK16xb= 0Sy82Bh70w-2BkG0NvABeltl26TEFqq-2BgthFMRpZ5Vvy3V4k3eCR-2Bm1BFuPtLAAaRA1nUyN= aw7IBT3XEi41wrtvOGRm-2Fu1lEunhQyafHdXir1MlVvztHTfO76tF-2F4I7IvJcyubY0LSoUOQ= lQwyHCzp87FWVesiBnogVIUvxTwglidSwtEcbr-2BG6je65mvQUeUqG3i6etzWSg4C3ZQl-2BE6= tZs6d-2BvbL2rSQFQoskYuijQBJ0b6eMkgz2jwqgSw-3D" style=3D"color: #1D5080;" te= st=3D"" universal=3D"true">FedEx</a>'s =E2=82=AC7.8 billion takeover of <b>= <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73= BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqcPHQr6xHcYtc4= 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66knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXt= tFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kk= g88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLT= SAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6q= BI40rJIP6F3gN3WbQfBOcX-2FyiyfB4shB3bcfB2rDPEuym7-2BEC9txlOoFi-2Bdke7qYjlODl= 3JvZUU6uIzlIU9aSJuPJhEj5agFnGhbH33eBeefXdxRlfjWpTVi4flAmwSaiNuSWnYmCN8nT961= 4tdal6vf-2FukRWFjK-2Fo58pJePv-2FC2HLa-2BGx2LV98LNo3-2Bg-2B25HtgO2R3lvuXqoCB= RUvbZPT36hWZLvNTTNozKsZt664zsdn3xK6fYD40-2BDt4DewTDKW4CRk-2B4PtNwgelK8cYGnw= -3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Rosebank Indust= ries</a> is in talks to acquire food processing equipment company <b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqceht3s9x6-2BMLkZpW6= J1G43w-3D-3D9CLc_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV= 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0TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6W= PDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp= -2FZ6qKdltVIPVB5WxEgAOQhrPUIoz5QdZZahOtDbQ9St6zdfYOCt6EFiUvOBHHCiK8GBA8pAFK= XfvPmJU1vUSLYjCqFf-2Fbt-2FRqphWZSmrbtB3Q-2B3Hw3YiPxLZq2jy0OlYhwLuUVaI-2Bunu= 4jH0ZSpqkKuWl4IlxXH3rR58E4hTwpv-2BWxi5PYcKbOOJip8X-2FV5BNdx2oEjZSv02mGSw2cx= R7vGcvy4GURfypMiqlz96ucfC1GygjAHWM-2F9FzRlLg5VnRXo1a-2BfOQznY2mr-2FBe8zfNcV= 3o-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">MW Components= </a></b> in a deal valued at around $3.05 billion, Sky News reported.<br><b= r><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqcx5-2BCfywf= UqnefLwjVty-2BVg-3D-3DpXyJ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi= QVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648= oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQI= UmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6p= Oan-2FsTrGPdQb-2BtG4AyHp-2FZ6qBVJb-2BTv-2BjoCtKTtXIOE-2FKowrLjp2eKwaTun1Y08= oBsZfVZ3VUWkE-2FDRU-2FiVl-2B3zdICxNI7ZJDRFgjTBzPSGJsTzXF5JXz-2FZk0f9SKjWYeK= N1MAuczsMk5KU2niPjWPVgnJcsjZC9exSqepTvNmv1vTM6VU5LbWmnc9sEmuoBupf0LZ7nZYt-2= Fa5gqGaO8tK6H75CwIbmquIVfEVr07R24X79AeZWprY9dCkO22tSotJ4V9Yu3bEYbb9eWOb3-2F= DvjuEKxr6eVWD0D7PLveMebeu4-3D" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true">Blackstone</a> agreed to acquire <b><a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqcOA02kWuQ2clsoXEpxFgbBg-3D-3DZgId_Pr966kn= uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiH= dFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88m= Bj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAld= A707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qDhGc= 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1O3uzJNdKDuNlreVOhzjgPqAjDtC-2FErimyzyzQ7-2Fmx4Atz9SPfJcpoUwXyQnx39R-2F9svD= hpnAxGFohc3LVnPw1ffK7Gy7junfv1Sl-2B0-2F-2FI8mQrUKsU8xFo27MTKn29BoWRvxPmiHqM= 7eeaaIEgYraWC5g0CDbGr4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Odyssey Investment Partners</a>. The deal values the home services c= ompany at $2.5 billion, Bloomberg reported.<br><br><a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqcHghQp0eGq7OpDsk-2B1EM-2B5A-3D-3DiWBm= _Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4= fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550T= A2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPD= aeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2= FZ6qOKqIInRAitKZ1pVCC-2BuHwvrmF9h3sIr3Gf1JuJIr0htbldcW45482SZOz46NbivkF8pkB= 6i2ZE8ihbHKWrHhpU2iXN-2B2461-2BVdwB0SqpF0RIWW2NVPKV3DF-2Fcsmm1Ymw1wBoacQ82Q= SPfII-2BGIO5OQGJRrfsZTpfz0dVxsmsf07QWJ-2B7OW3r4dLl3JmrQ-2F0V0HVFmkovEoht-2B= y4ftoi2OBlgPqyL-2BROpA-2BwBVl9-2FgQdV1dMxKYWJmpdFSQlHr2ebtOGcI-2BMxjAy1icl2= 3zi0xg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Macquarie= Asset Management</a> agreed to acquire the South Africa- and Latin America= -based operations of <b><a href=3D"https://url6380.news.pitchbook.com/uni/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLC= i5NDIkYvJLqc6Jb8O4wT2crWLnU6H0ORUA-3D-3D1Bqt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5= UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL= 1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5= ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvY= BxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qD4jzW34bIWlO-2FnlddHPuvEFdN= he2lr42El3-2FMpDt4ewe0B8Am3RXMRY8xAbWEZr7kIk6NV1KqcgsBdPg5WDSyODWfu7-2B13mT= W2LexP8GJCvvKyEBFfZSxvy4He3Mfe6gCf5MU6gSRW0Zdj8ZQ-2BrkBuBmqMsXgpekARfhwMQ5J= Rujf8KXRyjWaSlP3hOSKdeIqoBkIg6g4yfqCLizQ00ymDNNziD0Dh-2FOJrU0JSEOnUgc5qvI9M= k8Ansar-2BRBZJcew7lTA6leyEkkxi-2FCe-2FGp64-3D" style=3D"color: #1D5080;" te= st=3D"" universal=3D"true">IHS Towers</a></b> in $635 million and $952 mill= ion deals, respectively.<br><br><a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-= 2BZ4yh7UCBhpTrYQgdc-2BmzjHe1esOXQA7jf9Xa8HEg-3D-3DatLJ_Pr966knuaHmaw6c7pKvB= -2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2B= D5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqw= Puf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28= -2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qCsgboB80RYp8wTmCh= vhR0pywh7-2FkEcGt0ggCZit5U-2BAdIq05jZkt0YXbKyiHay1M7bXkGTI1jyrBoHZCFCZ2t8zb= XBncgDOOwnEuJqTPvpukBvxRhXcM4DHxMlm8AVcpYBaq-2FlU5DucteZfxA7HLjzfHCQY0nr-2F= qBepcvoQMs67Be94GMmpJ-2FQXTJusyOYoKQdWQVGhjx0kubIZN-2BurghCKWUwROH-2F5jVs7i= D1NtY4yeEaLKA8thIUm5Qbabqn9MBIidj18pZU96qTqOCe9sOI-3D" style=3D"color: #1D5= 080;" test=3D"" universal=3D"true">TPG Peppertree</a> committed up to $1 bi= llion to invest in Florida-based telecom infrastructure company <b>Connecte= d Infra Group</b>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh= 7UCBhpTrYQgdc-2BQRSK4wofdtz5YnfhfkO0qg-3D-3D_Td6_Pr966knuaHmaw6c7pKvB-2BCEi= Dnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZ= Y3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJ= iEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2Bkgz= ltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qE0ErFRQ9AEVCy763Tny-2FX= 6voUODpZ3YK8lmNlgjoE3DCB-2BlQWXmsd2CYAow-2FbyATcmexlFEsyY3zM7PZIreYAZqB84hl= CqLYa8OYudYKrFAMKKvooZvKwDc2TA9cL1-2FJShrDn4iIK-2FaELOO6th08490WBaRQ14pPBed= 8eqNgQcHzTR70IkAHhTcD4ZMURiUI-2BiZBPh2ltCB7lCklR3oT-2BHDRe-2BPS1NsHYb0vMKNO= adjNhoW1oHQpjyM7vwaBVJiYGLCc7HIB05uPcZkAIY4KM8-3D" style=3D"color: #1D5080;= " test=3D"" universal=3D"true">ECI Partners</a> acquired <b><a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2BkH6rPvnXH2wwWkOvX5KJJQ-3D= -3DlD9v_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= R9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJ= NvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8v= SML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG= 4AyHp-2FZ6qCzYqblLEnNJ-2FeYPFNglUZp0Y2HmNQssTNdwqNybMRXcbCt2HmRfszNILZHkrto= HJ6eFhnQmCzres36oRFF0XoZOsk4SFxZYYq2wuc4g3vyiiDo6a3NQQmHJMUld1NgEN4Yf1CjuOP= sgidEamSjV5CXO8-2FKZZC0A98Qv8HmO2xxY8X2eCx475IRxS77CC-2Fbkq4PCEtyVoyK9GWHYY= WUudhwzxjA-2FflRfKirzsdZ6FM-2BEa9ddsApSNizYIO0X9fLxgnw0FBr9dz4dpI3lsxZ8kPc-= 3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Paragin</a></b>,= a Netherlands-based edtech exam and assessment software provider, from <a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2BBK-2BNiLAGGG5= IQPYhdFFAkw-3D-3D19L4_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oqule= TfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwT= P3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2= FsTrGPdQb-2BtG4AyHp-2FZ6qOcVRQw5F3tBxxnC6ff8IZ9gP9lNbsxickrX7lJMdFh9OEFzBuH= fT5E-2F7LB2iCWFxhcIBe2XKc6WDl3IAAW1LOhAFcWO9hwU6GTQ6HZ-2F5N0h6Fu6ibogTJrm7Q= wqfWuPwrKdFX5cawn4pObYQlKBbFo5u5DVOARQea-2B-2FpQcf0TUp-2Bo8Ail4zsX3U7gur72F= Ku1rlMgNqk-2BBozGA2iBy-2FUmdatFc-2B8oSqlewYjDojGRht6SpreV5FSKrnpQ5nauFuhmHu= PyNk8hxsGnD99hApoNU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">Main Capital Partners</a>.<br><br><a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzX7i-2BZ4yh7UCBhpTrYQgdc-2BnBfTp-2F-2BJiJwD-2BgTRyQQXYA-3D-3DTyR4_Pr966knu= aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHd= Fs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mB= j-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA= 707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qO5GpC= oCVtwx66oXJ-2BRYtRMWleW94hbYeMxrjLUL7X3x2l-2F40S4o2qxAwDU9VlQkoJt7EWSfOC3tJ= OrE1IW-2BSXdz9bsTtuMspk8JwyvoIkzH762ekADeWnWaBpA800JvAubGbk3r-2BUOTg6RBzkMX= -2FftV3bUMavNlORCUp5PFDavzSWIOHT5bx0rng9A1pSkDabNKD5-2B6tkX8TW2yNrx2fhWfY6Q= cIAshx4hP4-2BWbol90FGvZl6hQFZMJK12XxtNUe4v0vBQaRb39WBS7-2FfjRniE-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">Polaris</a> is taking a m= ajority stake in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhp= TrYQgdc-2BbSDHCJkuSTTFozG3TXoyCQ-3D-3DeLZ0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1Y= Zw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga= 1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBx= JVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qD-2FAn2E1cq012UVBZVhBllcVLUXh= woKxIuMiTCS8fd4feKWuS2skgD84aRH2C-2FugOzLRiZNRvlFFnBBf8YHaml5b9H2BrVryG4NPa= h6QnGFdP1LMyqZqUmKJZsCB1fHQF29JZxVfQE803JtSTNtNmjYrQBDVbNHzeK0wqAb8g0IAmXXd= 6qCqyCzBj4aCxc2SSCl1Os78SwSeBD1ZdIOqlUXjOK-2B7-2FEMj74r6dNbWYDOpXcosD2eeDyH= 3UzaVuSvqcmBbZBWr4RLMP7QJ9hWQeQk-3D" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Valtus</a></b>, a Paris-based developer of an executive in= terim management platform.<br><br><a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7= i-2BZ4yh7UCBhpTrYQgdc-2B793guRgmdHXmyezgi2Sb-2Bw-3D-3DAObo_Pr966knuaHmaw6c7= pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAj= f-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZ= nYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlM= ke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qEJbTBwnhueH5F= cPhIkf-2F1D-2BqyTc2gqbNiZVVxQV8gEHmMI-2B0UGGT6tmvXhWEQ3cg0iPBQMSHv3ZeOrnyzA= Vr-2BLIemyrch7CAl2BmagJM3pGkxxmqjzQka1tm8KohNrTTkTrde27zcMLxNnMy0RWPgrUDGwr= ogJi4lqWvHaXgwluW1-2BWxtn-2BMjkaLwF5FVrW1-2B9EbyIrkc5s25BdhkzoDgj9m5yrc2R6Q= C3-2BGmzWygYd-2F2Q-2BZpTQMjw-2BkYZKREsJRtM8GwpZDQK7vCiZnKEGT-2Bw-3D" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">GenNx360 Capital Partners= </a> invested in Louisiana-based testing and inspection services provider <= b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2B1CaKn52y= ynyW4Fcfur-2FYxA-3D-3Db0Qh_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi= QVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648= oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQI= UmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6p= 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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">Paris-= based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du= 001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2BB= FjzAYa72SrdmCJxEsc1dg-3D-3D9Kcx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2B= HR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbq= ia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG= -2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o= -2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qMN5HcOPmmdnTNnrGbq1q2X1hXJ9PBFitWftAs9dF= pGiGFUxQCs3WFQ1FY3il37J0k4t90A1MOXWsXbp4B-2Fh8402aJQiw10fU0up7ZAxrMCO0lVasJ= V46eNjJQAbhl4y4tYqGyqXG4GFePurtNZ6SL09S1rG-2FJLBYqclxXazHNjeaAAOo917XNS6qSs= a-2FTvgngi7bXZbufp7ZsfHIQCB0E3sfmR5Zvkq5yklbWPe3aXhdEx0NRRBllV0yEJLkfAdhgzJ= 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=3D"" universal=3D"true">Khasm Labs</a>, agreed to be acquired by <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxTxIPd0EvdDAHYbZwzV1DY= Xaw-3D-3DrNpn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkdu= RsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnp= nnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQ= b-2BtG4AyHp-2FZ6qN-2F7tpMd8GuKyT4kl7DyxSA1QazOv333LrFabk-2BO09A5iy-2F0KdaXq= RzhMZ29t3qpadrE7tsY7AslOXN2lll-2FIIJtMG2rZA-2BsQh9efaH0pa48JxZnmWfIf-2F2UD-= 2F8i0fUsfKNeBM-2BedMrPDY8rB1yJ8ZjvlMgs-2BolWlqmNXxLLuYBvW3q6bxFdUlpzfrd60PI= UDNQUIXeFgKgrce55LvFUQzztSgXHBTzlhBZYVcsYF6AisMl7ed6jTtwbwn3FC2Bz35NFnZs66s= JgNycBOFqm1uE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mi= stral AI</a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8p= O3wsDSxTxov-2BZEdAq4ZroRk4Mtn10vQ-3D-3Dcpqv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U= wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1= YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5g= a1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYB= xJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qKmQ4vfa-2BIYVTJNG4Ak1hh03Ww8= 4uDbpU9-2FvxNVc12853vRaa1drSf0M8NI5jgd58xtKc4nsuBezYW3dNtzGDu-2FB8rRExQyLhP= d5y5hVJ6xVcrhGL988g330t3KLbqUdRF1-2FOCjgfUN1Su6EM8BpRL26FcFcJrAjNXGFcRcn2-2= B0Trohyg50-2FCzaKWjA0LcULBnc5KQsKEEk9ymAh-2BNYXrhN9857GaSZcG3uZKo0k-2B7ZQ0p= VXyhEYRy-2BOByo6Am6BrVfJAv9arpjeHePvjYWX8UI-3D" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Sverica Capital Management</a> agreed to sell c= ybersecurity company <b><a href=3D"https://url6380.news.pitchbook.com/uni/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2Bt= 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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 lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><b><a test style=3D"c= olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxT= xwp-2F6j4AEUoiXA3djnFLEvQ-3D-3D5DiN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ= P-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68= tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZH= ruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgF= sj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qNqPPfXex2oBajj121-2Bf5Ddt-2BPJjK0c6Y= -2FQWSLHKlLOYgyjVsqXBb0U9yzEBcsIrqAdk2B1WjJyScHmZnr-2F402fLkv4XQTC1ghQP9euy= 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Lye-2BWj7mQtWgih-2BDHwEae2N32uvd9huVXuioH-2BiJg-2B51BBnOxtHVu5h9r5zUpBwAh6s= -2BRGzqLkR1P72tWH1V7gqZlYJfa1lkJIKdHEcLJC0-2Bpt-2BflCILTrk83qVCjancze6RPhMK= Z414jU-3D" universal=3D"true">Tikehau Capital</a></b> closed its second pri= vate debt secondaries fund on over $1 billion. <br><br><b><a test style=3D"= color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?up= n=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSx= TxfWTGbIGVniD2hsr4waLpwQ-3D-3DRtN1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP= -2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68t= Zbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHr= uuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFs= j3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qEh7EQEfxitt60VaMMoaWDOAuq9uqb7-2Fgyhl= -2FMUKW66fy9T1ZYKjgC4kzHBsKloBSDd-2B9n1hGlVNwlhkX8mNqMT4IQTimtatmwQ92Jb6EDH= nHVhcdri6HAFgsp4ZabALwMJhoB431l3UA-2F2Uxzmhfvy6W-2BMSmEDp8w8oM19q2gI4n65tQZ= Xjo-2FGlDa6ZL1CukCmSotO7a51B1ppd0KWhgzzM6FCowbsSFdjEVftGx6n1Xw-2FjykCuLSCsP= 3fX-2FAfnaioHWOoJLijbz9xagh1sb0Y-3D" universal=3D"true">Verdane</a></b> is = in talks to raise a =E2=82=AC600 million multi-asset continuation fund. <br= ><br><b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzUIdOet5o-2BtB8pO3wsDSxTxThl1PlfT3DKDLLJw2n648w-3D-3DzC8S_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgA= jf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqq= ZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2Bl= Mke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsTrGPdQb-2BtG4AyHp-2FZ6qOl9-2B5IXKFD= Sj2eSPHx0xNH4th9lHcPnhQcCds6XzYI61uHpuoqY7IPIYLN7Vd6KDP9uxo43JEvFCsC9IIx2Zl= Iu3ZdOIy0hQCvyNIyW-2FKmJ7fgXcSj42QfLY0OUQrOGsdycDPtAE2dPkJGDstE4VkgrGBoK7mV= ctRAo3WsNu1hXkyuXuoR8P4c-2BiMCVEkfnDwtlxvlY06TFVaeP-2FTlELPDq5FlXuSX1F7brv1= NZiPJew3ELM7Ndt7Gqa-2Bxtap-2FAo5FcbHFuRjf-2Bbh64daYSKtw-3D" universal=3D"tr= ue">Union Capital</a></b> closed its fourth fund on $450 million.</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>Corporate M&A</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-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxTxHu-2BB-2FLmTGwn2OK= PUQ7guYA-3D-3D0Arh_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM= cVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648oquleTfq= KMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIUmBwTP3M= aPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pOan-2FsT= rGPdQb-2BtG4AyHp-2FZ6qECgEWdDhUmkzi05k5Wo6rtvbQwiyVMdlLtZF4EG11LeEQPJONFWT5= CTvxXX8rOG8YhaAq8sGfnyTUcJo-2BBFAwmtMos1yZkM5QbOWtxi-2B5zky1jgIKCGn2O5hue77= eATdoqItzvd7XgjQc4-2BmjYc8ugMGA1RGpXW-2FF3IqHWNIjUqMBB51XfX7MfwMwixUX-2BEmb= bW7Bm99n1vfCdoH0YfA9nSG0MsFGzllh9NX90mt-2FedNpaFjOlWcD6icUW8tJpIqE97y8k1XIb= NlsSFQoe4Ztg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Dan= aher</a>, a life sciences and diagnostics tech specialist, agreed to acquir= e <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWftehRq4GDSBYhcWa4Y0zt85qnbHdy= EHpU7QJ8V-2BcuA-3D-3Dk0q__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVR9-2BS4fjXttFiHdFs-2FgAjf-2BD5SMiZY3GL1YZw7nh68tZbqia648o= quleTfqKMkduRsJ4NJNvP550TA2kkg88mBj-2FJqqZnYqwPuf5aJiEz5ga1h4FbZHruuG-2BQIU= mBwTP3MaPhnpnnMG8vSML6WPDaeLTSAldA707-2BlMke28-2BkgzltvYBxJVzDCgFsj3o-2F6pO= an-2FsTrGPdQb-2BtG4AyHp-2FZ6qN-2FZWNBSzHGypMxeLSElXQj0O6-2BMQ-2FsluC6-2FWJV= MOwwTaVdbd7qWy7rLrvElh-2BwXkK-2BZOgNjTaj3MLvwG0siHdH6yPp0qFGO-2FpfrB1gVpEwK= VA-2BG1HSUENj2w-2FHQEIFH2qShjGKf54-2FYVyRuOGWFZ3i6S3otWO8-2F0yJKhAl2j9D2F-2= FSZzNloGQbQYJcGXFN5QBFKLEAf36Cd5wglmlueR8qPjaE0XZJ8OhKRvgRAmHWb7LRH78yGnBcp= DN-2BHyyt6Qsz-2B8rXMIVvGsPKTUrfyVbg-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true">Masimo</a></b>, a patient-monitoring device manufacture= r, in a $9.9 billion deal.</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 lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWftehRq4GDSBYhcWa4Y0zP-2FG-2BQ= 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