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Envelope-to: most@ponjosonek.com
Delivery-date: Wed, 18 Feb 2026 19:14:19 +0700
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Date: Wed, 18 Feb 2026 12:12:01 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Message-ID: <br1981rHSF2HsMA6BpRAOg@geopod-ismtpd-3>
Subject: VC's mark-up mirage
To: most@ponjosonek.com

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style=3D"color: #78766f; font-size: 1px; display: none !important;"> Verita=
s Capital's $15B+ win amid PE drought; the rewiring of enterprise SaaS; Jos=
hua Kushner: 'We do not hedge' </span></td>
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             <td style=3D"text-align: center; font-family: Roboto Serif, Ge=
orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa=
n></td>
            </tr>
            <tr>
             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, =
VC and M&amp;A</span></td>
            </tr>
            <tr>
             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p=
rivate capital markets</span></td>
            </tr>
            <tr>
             <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb=
sp;</td>
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Goo=
d on paper</b>: The performance of VC funds improved in Q2 and Q3, at least=
 notionally. 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-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65G1ZsVYIpEeQ=
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6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JW=
YsX8PaK3Qt-2BsJfcdfiPFedie2SFxIapiTiT-2BwDZWB2yY-2BrvgUs67Apbqaz6l7BoRaI6Xb=
K3QryAw5YLf-2BNzSRaq-2FoNlxFHUArllNO6-2BerpxtaFcu90uJ5sfDRzqqV6imgkVV-2B5VD=
zQt-2FAowDYvPwKu9thC6wNeQpJTNT3S9DJtk80xO4-2FFc2Gf-2B9otHiEXgziUgD4tdhVMhxA=
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K6fL1Fbth4ej-2FQqUp8MQ-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>
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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%;">
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <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-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65GpB3ga1DDt=
N03rhsRiqw8Yg-3D-3DvJML_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2=
BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iA=
W6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3J=
WYsX8PaK3Qt-2BsJfcdfiPFdFgXda3IS1I6-2BpaAdCOtRASsQqDRMe0-2BV3weP-2BYuB39ZNm=
ZmKkXXJHcU4Shxu6IYZoExB9Bk-2FwqsJvvUg623lxqN0-2F-2FzmZyJ9swVtKE6Qm1d9hFeIZp=
sY4zlHSc1L4tBfzjwBe3FzNF5Bub7P0q3ehGnFj0auBRKHc7Px0zxKoPTIxkdThGWQayptHIsb0=
bzYFQCCs8rDeEy6E-2FHCcSHLsbjfu9i9bUQS2mFnESwz8db3kPIR7Nl3hwVmgOoekxrTC-2BWr=
BPTp7KvB0wP5rWouk-3D" universal=3D"true"> <img align=3D"center" alt=3D"" sr=
c=3D"https://img.pitchbook.com/news/72786.png" style=3D"border: none; width=
: 100%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></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%;">
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c-Y_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf=
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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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=
uzVLYMX8DpmWzFxMxovSC65GsAxhv4sXrXX98aoBCRgG3w-3D-3DRKrB_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1=
Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1I=
q-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNV=
SAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFUIxajpW1hi8FFBKd76D=
t2hKraZw6rKxASG5m6IsMs8BR8M2N5wO2XQQr8LIv3-2BaqaywzAbwuwVaQBpLFoLAuRD-2BIJk=
htiohEJtZDKPiF0fgMbIMKRZPkt1H9taSCL-2FHcycHq0Kio2mfcKY6ywlJ9IK2vgmw1BeZRJsU=
7Vk7ZyMb4TtEIAmtb1tply6qLyRZ-2F-2BQIgNnzaiwZRr700tdbnIWDejMgiTD2w9EQc9SYhNy=
hSJ2s7OYk-2FEOQHSTZshyyD-2BrWvq7zHMpB5d4ank0SbUw-3D" universal=3D"true">Q1 =
2026 PitchBook Analyst Note: 2026 IPO Outlook for US VC</a></b></td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <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;=
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                     <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;">&nbsp;</td=
>
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                  <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%;">
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                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
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                      <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>
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                             <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&amp;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-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65GMKninVNIl9qRSyH=
KYZypaA-3D-3DDf2U_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdA=
aRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2=
cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8P=
aK3Qt-2BsJfcdfiPFaUlY1AkLPeF05RDGianfZJBdu8c2dNE3nFfDKNUGiZ5XhrDc-2BLUmEIwB=
o7ODVvA87QpqiFXJ-2BvSRzMjOPpQK9zZHGdvO3vuAOujGLNj-2Bl1JozsmRgag466irGKZPE-2=
FbPpuw96x5GZXeUFc8XK6GC1kzFL6FAhO1Ne2OkZqGFFhA8uzyAER4wKdhJYfdKTG1E7KcBJszB=
6-2FUvPWWQm7FBSIHlDl3q7Ew3bavQGCFVWSW0i4EVO-2FWkvUzdGu2vOHgYMcIqbSlVzAkMnQQ=
dDC1ywE-3D">  <img src=3D"https://img.pitchbook.com/news/72617.png" align=
=3D"center" alt=3D"" style=3D"border: none; width: 100%; height: auto;">  <=
/a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table> M&amp;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&amp;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-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65GMKninVNIl9qRSyHKYZypaA-3D-3D=
TX2w_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWN=
f9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7=
LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr=
0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcd=
fiPFbyCkGACq0cczRwHzC-2FqrCZp5ahHAJJlxy4GRR2hFzshpEKfv7H7lc0uMgv6CRGTq-2BJQ=
Ku12cj-2FUcxKXSwPrHaBVqUaT5OElreQEFBqC5Y-2Fy8mPZqG7usPFxlZk5hmZ-2FZN2bIV-2B=
oDl4oprmaiKMoWc-2F4ms7TDrGrDW6qgv1D9z1CBZ7dHj0uUkfKxcC8XgQZFeciE3l-2B7tUCjv=
9mnX8QF2asL1uOiK7TPZuRlzESZG-2F0QQeieq9FdYu9M4qUFyJlcEdlM-2B8lJAuWs83-2Beou=
00Ng-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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>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=
G6ELShsKVm9X9YPSMbCVy4g-3D-3Dzgf5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdo=
WcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYd=
DMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvT=
wvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFb8MLAZvm8XwFYRSlZysVPCwJlBXk6vuDmYmwX9AW5M=
7vX5mL1w8RM8YmBmFMUWxBq4-2FLJXo3990UOaxoWWRcDv9jcdhK3SgJSXovLIX5eMH8WLGLII-=
2F3v14cXhJ9MZysODFcdv0Gb0GVSDZNL28z0nF0d-2B-2B71asY8g8h8LrdqNs86YqryP9YDpCd=
TPsOnxvbNI-2FC7hPFe2UHVgyqTWpJ8DYJns9EibtAYEra7Hb7GdlJ9PKFHiuI2nH-2F5PcvjpI=
9TQjB6TzOWDCSixROeer6Uo-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-2BaqM7ONnvsnswouzVLYMX8DpmWzFxMxovSC65GJbYZ=
VZ8kVIEuIa3kVzuvRQ-3D-3D5cGb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERv=
k5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDI=
S07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2b=
u7i3JWYsX8PaK3Qt-2BsJfcdfiPFafktsSDxse48xS-2FPvSRFzlR2AMrqR-2FlvwxhpYc7iE2U=
-2FUk3Gqs2LYlczLhCz8DgrrqFjKDTCeYjJrsKnI-2BJW38Sqwz-2FnX6vycZkQIw-2FPnVcu7S=
HpUwALuNBgWkPk6OVBiQeoADGbmyaLtCDPMueW3Lk0NGXp-2F3VEMknwx4TQeQcpW-2FlRGF5tu=
A-2F2MQrx1f4TTkIB00rmstG0MpvpLMGafhUwQj-2BG-2FADJJfzezspDPldqpjYK5l3Uq3C-2F=
QIR4ZyPp5JhnkqHcF9kbds1aG5I-2BbQ-3D" style=3D"color: #1D5080;" test=3D"" un=
iversal=3D"true">2025 Annual US VC Valuations and Returns Report</a></b> hi=
ghlights AI's dominion, as median pre-money valuations reached decade highs=
 last year.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_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=
vsnswouzVLYMX8DpmWzFxMxovSC65G0WibZNtvnN2c6xWiX1Zg3g-3D-3DoLIO_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKk=
jnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0H=
SWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2=
FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFaodaVNu4Y5-2F=
hjG8-2Fl6gBLmOiJP4pg2fyJDe9B8nKOTU5PgnU2qG2U1lh0xBfsoHSbwtoR0tSmc97iLdtpKkY=
bmSRmYBJPPb4muN4qpD9HnzSJr4gvR-2FxAgPz0adaTmRZiDyLvkQd97y56J7n7DWUil4yzlKLM=
ssP-2BwPWnHfZSUzgOLmM84ntMeVN6i9ReUEWcP9LmCo4PyCAbTlyRboQMs-2BWYQN3iuSMBB4y=
2RKl-2BmVopWRLiqQA-2BbKLlcEyY6zgnovVKbqW-2FZ3rBhsF4umtEU-3D" style=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-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1QiTHI0mIRP=
e9g4Hgta6Tmew-3D-3DYrVy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2=
BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iA=
W6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3J=
WYsX8PaK3Qt-2BsJfcdfiPFcW2R-2Fd8gTSPuRnygVfpPiBd-2BpBZyWc5HadN2J-2F1193WnVS=
x2JZe3ruAFs0uZrec-2Bt7ueUfjhMA19EWpeldu5Y-2ByjbxJJFwcs3yw-2BFHCpNdOwl3VJf8N=
Q34ySlnyH7I8N-2FpH9PzRD80BJqpp583DuMPHx3PM9y-2BfAqJz-2FO-2F3MhGFsdUYpDSodvf=
8vLGJ6S7O9H-2FxnoVNRxFjHRlDoRwwIJsBT3HXv9U6VF8tP8jJWDLGjAAl-2BGzn-2BKimBfBu=
rNoNoQd637JgcoEc5jgwwgjc-2BDY-3D" universal=3D"true"> <img align=3D"center"=
 alt=3D"" src=3D"https://img.pitchbook.com/news/72788.png" style=3D"border:=
 none; width: 100%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></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>
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cing=3D"0" lang=3D"x-content-btn">
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                              <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-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1QiTHI0mIRPe9g4Hgta6Tmew-3D-3Dd=
Tg4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf=
9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7L=
wJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0=
MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdf=
iPFegk0qsCDkpkmGh4J378GPWf38-2BjRldPHxHrhu1ZBmQQDha1NQua52zZgfx4CJG1G6RNOYU=
t82C1vms7ljmKayaW3JPq8A2pfoaMpycik-2FYQbpNkbnP80-2BSEMeDEJcTqpzXq2uezjL91mr=
sz1knlB-2BQ6lrzM0ti5DJ-2F2TQ7wQltY0GlphwA5y4dyIdbpJQubWu5va-2Bq58AmXQEqlEia=
QXQMCpI0LRMtueYfSj3Ui1HcHvnX3VTMi9frxPv9fzVSnj1SgoSYnRdZXDDUUx8bR7S4-3D" st=
yle=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-decora=
tion: none; color: black; padding-left: 3px" target=3D"_blank" universal=3D=
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ft: 8px;" width=3D"24"> </a></td>
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                              <td style=3D"height: 25px; line-height: 25px;=
">&nbsp;</td>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                         <td colspan=3D"2" style=3D"padding: 0 20px;">
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group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
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                             <td style=3D"padding-bottom: 25px;">
                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
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                                                         border-bottom: 1px=
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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                              <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%">
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                              <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=
qvaT1g1QexrXkvBxB2btcd8rBYWuNA-3D-3D70UA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2=
BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2=
F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsb=
e-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFZep9fENYBFYC9C6r6H3HC9nrrsRzGmXKzue=
8cCt6OFKfaxe7lBa3ps4BiPVfQidakrX8MLjsiHA9DL4hjcdllVascM5FsIu50F6MckszceHRSl=
7RXLgGi3nAlTLE4Bfp1li4fdL3LQiFipSx80xObQMh6RgXuZN4WST6wzRFl2-2Buj8MANMQQ5HQ=
WTOFh-2BuQrG4aHXTTagBOKnLRdDnqqC9N7SdEts8hdIWgHmAIg1UOTv3EeXO-2FAaGreRTbyuq=
zQIGGbXyzWMiBRfaLjFvHK-2FU-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>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-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1QBx26hYwIvJ7I=
n1IstLchyw-3D-3Dqa2m_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEp=
sdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A=
8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYs=
X8PaK3Qt-2BsJfcdfiPFWbKl5QlvWFtgh9Y8UkGyRCJpENnm5HSKBJw3nvQ0QbwmB3TlNzuuB19=
Eq1dHfBCSD1mfOFTJBI-2BUgQ-2B1KyCgtvFvgD-2BvqbTbldSe90fZydFjYc6Hr-2F71EtFqCA=
LwRp2lPxfVSeTFO3w1Mlj2oJYEptl4gEK6-2BEKSFi7uQ6TRgNkrHWNhICfCLBY-2Fm8SqzFGWX=
2VBYxqT3Yu3-2BUWAGj4SIMJlBWKiKZMSXVQwoZTjLgPypYYLW6MmXrGYo5FEvZpUfJYBqy573l=
9dtx0PFb0kvI-3D" style=3D"color: #1D5080;" test=3D"">Financial Times</a>]<b=
r><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=
QjLWdqwNMYfkm8tkzTOIIRQ-3D-3DlGlE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdo=
WcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYd=
DMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvT=
wvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFQ5S0prkLXcDdRHILluQk6OKF3v4Pm90qmN6Div8D70=
iObWU5DChMCVE6LCnH2WrbnnKm-2BoEOMj5IMWWhmVX6VnVdlzlNJy4ISJCmtGXjF7JiaNOXkr-=
2F2k5qDhGveMdHLb2q6SJmraBnPnwx7JV-2FjDOIugDDogAU0OGLb2NGV6odd2TQzBd4J7DSifr=
DnRBY9QliQgcDTNTkdkywTWLC6TWtcYLUbEt-2FEN4jad7yy1q2GU1dUk0WxcWUAJ2IXhjPazeX=
4FwkXrXXNJMhG5SOYtw-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=
j977w6oqvaT1g1QYKAtnmPoqIKY-2FywGOI-2FolA-3D-3DWeAc_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2B=
a0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BO=
KJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4w=
R5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFcl6lMMXGry1T0SqTKTWJuOzw=
LNklJAzpjTQ308I-2F8Qh6t2oU6by8LT3EuPXqMJRxVO-2BTkHt1DCV6dVcpoVleBS6FVrWVo6S=
6djgnPmd7ozpISOl14xX-2BfDI-2F5Ppafa64pFllQB-2BX1ziDzwIqvHEzJTJCjD2584RiwZj4=
fIOwp0uzQu2jzX8nP2iYFJ2JOW9zV2Ggjy4-2Boi5-2FZBmEBHqe9b3CVug81r8MnG-2FRomXy5=
yp9XHtv-2FISiRr9GA2Arm9Q8S5K5JCCvBrgUufuCnO9I60-3D" 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; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1QT81-2BpOiixsM2X3myEeVA1A-3D-3Du=
FNE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf=
9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7L=
wJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0=
MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdf=
iPFf0ZM-2BWF6Ne8eO9aHWbpzfOzXfAchkhbHD5wxTMQ4-2BP-2FqbWkr7kWueW5VCtvkmctTVd=
GBMH-2Bj-2BWTIPT4ph8QgpUg9HGMu8x5PAAlyX6qv-2FvHCmJ-2FB81jKL5mjjuP-2FCLR8g79=
KvwMag-2BSn1U-2BpevMFDq-2BWzMAh8IqESQtcRRAfT72OccJYia334lxdk1TwZdrDEkccnMmy=
k1krzO2-2BrGLYJ-2FcmeTDFcHaxVDaT7sfGtTfHJcKHBuDD6cKx55jWrN-2Bt11sbe2ODExrlI=
o9ZkfMN2k-3D"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad446=
6/rsmfebh2.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px=
; display: block; width: 100%; height: auto;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr=
ap;">Since yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 25%=
; min-width: 25%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              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;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWrxdiAQj977w6oqvaT1g1Qod9YefUA4haO5wlWW3NXdw-3D-3DMTW=
l_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P=
3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJ=
t0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0Mi=
ILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiP=
FUsy69p8i0TITuQEPTfkTDVdoztc1ACCTO9mq7XWbNRuNh6j1QqP8bmx-2FEFAtuAtYrGZ9P25C=
0CPvPu9bhzsfef8l-2BCxIazDArPO4OUitt3OsFrSPWb96XxI8XOQs-2BQ-2BIpPUjtjJGhq3WQ=
cq3UdGUmLcBbcKWNGUA7L2MMsUZK9MbQIFmn49FfK7CyXizfv1QQEc5FD7z3OILWH1nXfDv6tsN=
HtPtN-2Brl7dTSIuPHoASy2IKVFLwfjjSgBObE13YocK8E-2Bk-2BCcYDFFsTfKCK9wM-3D" ta=
rget=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;
                                                          width: 150px;"> R=
equest a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_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=
swouzWrxdiAQj977w6oqvaT1g1QqNwztlLvaW2byunVvcRvfQ-3D-3DbguL_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnW=
pk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWz=
k1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2Fdt=
eNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFfTKUfZ0dvIO1nbsN=
tbERc1EpysZd06puvHmw9pRZPBEMgphlLonXe-2B-2BUpLJnEkXQ0Zh1V6EJUqCnqSegP-2F1ya=
leDlqcxT15ZFVk7Uwx-2FNMVZtpzkdKn1lokbRYa7t5AE-2FnMHinA2u80kKcTvunjny9GWIqYk=
XWdZ-2FhCXEDtIw8WQqwmYRfvDUuCfAUoYBRL3Nz1BnVKSOXLIw0ENlxTRhLchQ-2FmL-2BYsCq=
Ca2aJAvmFDYpOo9GoiW72QWVtM-2Bl-2BCsCRzX8rHcynz-2B2HTrpBB7aI-3D" style=3D"fo=
nt-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Spect=
rum Discretionary 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=
swouzWrxdiAQj977w6oqvaT1g1QdKZ9COHgPz9ePtIIzRJptQ-3D-3DLo-P_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnW=
pk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWz=
k1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2Fdt=
eNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFSdLywpHbp-2BlIif=
xb5TfdAzH3d7nfE6mj3PbauO6eCqdWMzTqKQYc0bCzhcHXazmCDFFcYTzuTGnmGqtzPk0xRWMk9=
gM-2BTvel7zfwUypznSSICCjQwUcQUXHzMKKKVKAbp0tjFCbrVOnSZt6vaKqQdmgdi2cdfn2xVA=
1jt6yUTeYe-2BHZEzhueab4VtWwq8LgKJqh6q4NeFjTp6obm8CjaYN9nwRIVdfMJkwGI-2Bh0JM=
qjDsLiafzAw5G18v5UfWloduaCz96RQeqa6EoPIrZ1BJM-3D" style=3D"font-size: 14px;=
 line-height: 24px; color: #1D5080;" universal=3D"true">Summit Partners Eur=
ope 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=
swouzWrxdiAQj977w6oqvaT1g1QM55xpPuFSs58lWVQ9iZ3Dw-3D-3DbtaE_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnW=
pk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWz=
k1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2Fdt=
eNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFVg1Eu3dSqmWTYtO3=
vOlq2iOCymBe9n5-2Fc1zrNcmTMMD1qnDdz-2FWzPQV3oG9MaDVTyCtouwXa9Ytelg-2FVsvXZi=
Re3xdxuNaSprukqmNP3sjnS7i3d3sb8n-2Fxe-2FH8x7wFd3EPFacChe5kZhN4BlGLG1v0mlwE3=
2r3HcolQycxLYuHRwLVelOkojOa9ZjRJlGj3q30yNmjZy5B0wP1BJjM1M7fotqn4OO0oSAoN6pt=
v0DClX2ozhjQlTtE7cATBe9QWqjcn0xBEQTMyQBmR-2BJMnn0-3D" style=3D"font-size: 1=
4px; line-height: 24px; color: #1D5080;" universal=3D"true">Graycliff Priva=
te Equity Partners III </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 14px; color: #78766F; =
padding: 25px 0 5px 5px;
 font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td>
                            </tr>
                            <tr>
                             <td style=3D"color: #1D5080; padding: 25px 0 2=
0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIoMnRvw=
lvQHXtE5RuP16BjA-3D-3DweER_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5=
p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS0=
7iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7=
i3JWYsX8PaK3Qt-2BsJfcdfiPFdcw9r-2BORuxMnl7defUNmLt7lNRGh1QCRpcFbZo6Bp0rq-2F=
A-2Fhh0lL3uLK0HDkUsyFmgnvNAuPbsMG9MmI6AKkrONx5o0bvajz5YqNFLex-2Fl3colHVetv7=
Cux2XaFpBdlsF8F7WiP8wo9adUpJvSBVYGcRsHF5DW0dMr8KdLQbIlkjLD8mzLSw5BffJBDmpm3=
obGhD7nq0BBcAF-2B1Ndg4dgZnJVvEoBUXAc89HVwtHbqSIWq-2BsW6k2rRo8PsIyNzDyzgXFKf=
kD8d1yQ1gbnPXumc-3D" style=3D"font-family: Roboto, Arial, sans-serif; color=
: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" universal=
=3D"true">118 Funds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5qI=
di1ozdCMQe8oMUIv8ZPgf-2FX-2F589hu-2FLutSMoQ-3D-3DbJxS_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-=
2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2=
BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg=
4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFYEraq1HfKxUPKCq98KnWWe=
1iyn6X2QZKWHTQPo4EREE77nC4kXv9KaEBrSias-2FsoVN9uHhNWRi5LXG4oj5F9srbxJ8YS7ZL=
sA3rnHdo-2FyjYKDX01WlOOaiFLRrP6hBtoOpkcsDP9wxvXZfMV7z2Lu9QHQn-2Fdt6RpYAs6sx=
MtIpXX0iQClLQTeM0VE1FaPJvXFvXBTdsotlI0wwElvydTN6tTJHy5i-2FPyXI-2FDfbFnnudFd=
rM-2FEvueC-2FD3-2FixrMTIOD95WFdbmCB-2B93CY-2BZKKp8w-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIPXVLU-2BBVlyZ8rRcis-2B4JFg-3D-3=
DQuQZ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFW=
Nf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv=
7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNm=
r0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfc=
dfiPFZGym2jBsy6G7hiyd1Ovb5Dd1goOn8iL1M2-2F-2BrYhgslr4BNrnsPCNjKmqQlU-2Bz9YI=
ofoenboqriyve1IobejY5eM3wgMoohwX3cEi6MlDVIfeXTUdWYCPmstcRobBzR5eDXdcR-2Fjb1=
3aLek69k4VcGnuHQzRTwHsPqzvz5j48-2F5-2FEcbFaB1xhWqw-2F88UdxbbHEunscFyPq1Ntg-=
2BUEL4FM2K0JV0vwkRL1D3gML2Pw0L0yMciHVBNvOYRiiGdruarbvebE9Z6cKrCxwwWCOLZC7o-=
3D"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4468/Churchil=
lfebbanner.png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px=
; display: block; width: 100%; height: auto;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table 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-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIACJH-2FZ1SuKdHqYd=
za7JkSg-3D-3DnXT__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdA=
aRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2=
cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8P=
aK3Qt-2BsJfcdfiPFZDdQc58rPdDG6EYk-2BSto8826aN47CBAlcGVOknOnufYzDp-2FZJWCvd8=
YDnC950POP-2FnMoBM8K-2BjcXajiD27BeZlCcfYxyRja4BgkG1Zjk3YPn7ZKaV-2B03o0Y4U6D=
9SX5NjqRK8rykuXLQPGBUoNPL12Aytp0BrVr5ZgVjHLBNpk5g7Hi2Us-2By9rB2Q-2FegHH-2Fj=
VMKJlNfF1RkKrqQ4F8CDXn8vHjhvoKeSoNFjqdJotYNUvuFjmBJEXt8hV8Fu-2F0V3qFmElLBlu=
aMwDfvc6Xasns-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mo=
onshot</a></b>, a China-based AI chatbot startup, is in talks to be valued =
at around $10 billion in a funding round from investors including <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIVu0HjzlR2FgXoXjV9ivst=
w-3D-3DEoBo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc=
2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSU=
zmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-=
2BsJfcdfiPFf8rr6-2BOM0T6GUe1Wdm6EeTS-2BrAgwa0qcP6unUSOz04s2nQ8CAJhjXRNaaZFR=
VV-2FRdGdn2KROIgsuNTUMi6eoVcqOazStAble2ee9Zbq1MesQ3LoA-2BKtpeBSp2L7W3J4EDGW=
UHqytz0wx0snz0B-2FKjv5IU0-2BDmI4pkTTeX7-2BdlJhtfPkqSNugOGeZj8CKpoFl2c4E-2Ba=
BJBFay5wArF-2Fkde1bKxfZYSS9MGgqqqMCY5CHn4UbHU2QJs2qs2QyYBMNlOqZKfn6n7rUezI0=
tBI-2FHmE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Alibab=
a Group</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oM=
UInNkItrnTwrJa1cj6uQMo7g-3D-3DK2Sx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfm=
zy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkd=
oWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFY=
dDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2Fgv=
TwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFTsZ-2BgztFm38a18letf-2BLs47HOMj7HHuby4QgM=
npUHNjhtIPA0-2Fz32BwZBm5adOt3Efw-2BBGwud1QhvGrJoFOXXyDTL63woioXis5BVD4aHb2F=
fL2tRIoIdLqWYIKC5GKnskG8tGSd4bnYQkKLf1gbz8puJWQJrOEGLBiM1GRStKmAdjuqnXPgBlH=
SIGmgjuo9uPAyZTfbe9ru2vJvhQch7InkjA8wYDbaBiTOualpawFq6Z-2Bb4RDJisKzPWzTqA36=
nQxN1fYb-2FH1jziJ2t7s38o-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Tencent Holdings</a>, Bloomberg reported.<br><br>
                               Agentic AI startup <b><a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIIRHXx-2B5baEMsHhFRqo6YZQ-3D-3Di3Zy_I=
3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HB=
CPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0R=
zJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILr=
BlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFZX=
XGX8NXiicmfmJenZ2xRFoHSFrWcgBT7SPdf7xl9SbBFeCkCVtLEiLAHUDT7m-2B-2Fco1y-2B-2=
Bybsr0h4-2F3wQod3pW7ytmCv2asQxTCmVfnjr3mVLRL-2BSTOvA-2BGPqjc3AL8TNmBW6jOU19=
iQ9PVmEGAqqJmhGcZ5nhC39tTWOSL9eXvjxxEpt7uKlMNJBA5KBDV7ioqt2dqclYEC3l5TmEAaL=
zjfpyCFnhjj8JOXmMLULI0dI6ZJpjClfbfH1g1MVCPxxbEFLS52GBmVzkqbEPgIkA-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Temporal</a></b> secured =
a $300 million Series D led by <a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5=
qIdi1ozdCMQe8oMUIvj85esAyK5sd-2BwbFmi9UJA-3D-3DFepg_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2B=
a0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BO=
KJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4w=
R5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFcEkMtC1gho6xHnFUPuse8He5=
OuyO9XfZYhF-2ByxIp3k-2BzsVpuUNKGXdxZFU5F7l06W97Uxtv8xzDT0giRXKq9sQAhlhVKAHM=
Mf-2FOPIp5fP-2F1rbsm09T4IGMB6Ti6YYEAfJhqzjRGijDCQgYTyykzZydwRXICPs-2FbpzTIp=
0Vhhuwx6wIpR2rdFuJ6Yg8gq-2FfqvbP7DGkdKVSwbm-2BMC45uujNGbfn-2B-2FAjq-2FotjoJ=
w55Rr6rfo0gc-2Bdam-2FDeCe0NwCA-2FD-2Br8uu2-2BEkRAdEsJD78NZM-3D" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Andreessen Horowitz</a> at a $5=
 billion valuation.<br><br>
                               Decarbonization startup <b><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUI6vttCslE-2B8o4vA44OlE6-2BQ-3D-3=
DzBzw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFW=
Nf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv=
7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNm=
r0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfc=
dfiPFXihCTWFYhnJne5t0-2Fdr31RCDeaEQyRckszOYFsw-2BdjwjGBmFQu3ImIauJ-2BE1Z9c0=
fZHXQO-2BTnW8fPWE5YcUC0DE6ywiN8ix3Ieyb-2Fq-2FfjTidnns49dUjfwM8Rsvscqx3VJU20=
-2B-2Fu-2FHutEwJh5cG2IJfkwQ5AVUGuQ0s8gw92M214VPt0JOSAym6k-2Fj7DIp5Xfg8y5B-2=
FnmuuUKgJ-2F7wMuedO1cz4UCQMuG5oqXthBixthwyDhtnqAEcin0kByuQpaURpBmgCkajqx4gm=
0ouubZs-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"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXycR5qIdi1ozdCMQe8oMUIA0fJ0On82iK00n=
zYv-2B-2B9wA-3D-3DbfMe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2B=
EpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW=
6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JW=
YsX8PaK3Qt-2BsJfcdfiPFTXaW2EG-2FknQhTBCuZpM-2FePR-2B5godiIFM7ZCclLWH9DGxbGx=
Zixyb2SXiebkQztdv8InhrIwaANIAHos5gtkiHmpabcL4AVJeoKGPDUKQB2OWjk9BIYiBVggz-2=
BBTJOk1zPn-2BLoDkJwj2zRgufZ1sZPfvfkzt4wMpCh3BTAIFUR00RaOvIW9VgLYV3VAm4nZJ8F=
Y8B-2BVhuzlqBw8bFrv-2B4UhOwvbImirDFgUGoEfiMG-2FK-2F5loYgS0-2FaWotkygCmVbS6u=
NEq8tgahlT7FJUdEuems-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Ara Partners</a> and <a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmdc=
NtioTrJI3g9JZFzX1-2BgCLBi2TZLfghc0Gg-3D-3DGg6c_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cag=
n4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCd=
oWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioG=
iCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFZgmb9sD8UQ5HBQ-2BgJsWkc0e2zsL=
TyY-2BubohSkpYI28LYhG4MdNhyU8zdNgHuYxzJnnQ93hBwfV7Y0FJrf819MF17r4pHfgB6Na3H=
RgZ7VNx1IofXgPRkDVb5LOnrVT6b3URTyUQLC1Wmcbbo-2BPHOUOyROBet3aSNS1mGrhlaeuNRY=
jLzfLx8uUwc3sWCAgOKwv1faEJFukruuZ2Ad-2FQ5UX8qmJQH3fKehbOYpFNzI-2BoeNyMLqquG=
mNQWmDyxStLSGKO-2Buqx3Hr8nGfeR8myY4Y-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-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JtWkV0bwxyxkA5Sxsp3ih6=
w-3D-3DCzO4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc=
2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSU=
zmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-=
2BsJfcdfiPFdzQALxi8GRpBhHXJphIEMxsDDE2iSAGvV-2F2FuXF2BFHARpPglfoug31coWPgzM=
0bThYFFHzGsnWVoq63-2F53ThCXQb-2Baw-2Be9cxLvGQF2CHCSWMc2Sr4UADd2FXxhfWJV4PRo=
m2ZmVxAZhu-2FLmLwYcUmCfvnMWYb4EJlOfE0zMxvsN2jy21QRPOA-2FKlFagKvafWmoMpEMSaB=
SKseqgiq-2Ft-2FqDGI42RX7i3NN-2BtKAvsWh5Fbuo0xkYCL-2BTyy4Xeu32A-2Fqs8-2BYoTi=
SLSJeNKiYUk20-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Br=
aintrust</a></b> secured an $80 million Series B led by <a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JMi1j3zuHXG4GoGWjW2SnFg-3D-3DlJSH_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3H=
BCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0=
RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiIL=
rBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFe=
FJD73Ec7F1T2PwnCMraoqZemdYszcfX-2FmnDu81L-2FffQ5xiN39312PVWRu2Tnl7uq8vff37C=
dX4jfO5ye8KJqbbXmvLRdq4gd8cwpb91VTpT9sb1PgkAx9onl-2FXhjnLo1AqTVylEo-2F-2BrZ=
H6Ss0tPRupE8R8I2coiIQEX-2FDYC9Pu48jfj-2BoQv3rMtMW9AGziNX3QOVNKv9AfxxyhxtdGA=
VA2Nhb-2FWGWkZs-2Bs05FM-2BeR8V8uW9jsvuJpDolZRVJyplu9Dl-2BqjKCC3wT5AIKGhRCI-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Iconiq Capital</=
a> at an $800 million valuation, Axios reported.<br><br><b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JQ3pLhUg6ia0kExEJN27dwQ-3D-3DQj=
0z_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9=
P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7Lw=
Jt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0M=
iILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfi=
PFXh-2FLAGT-2F-2FRwlfXaJVfbIeG72-2F6tamgMcMIJhN2Oro44TDdBCYnctK5bKVnt-2FdXc=
1myAJrA2iaw6hP7ppYFb6-2F2nJCD3V8fuqiqc7Hcy-2BwxZSdEPc7hSG5XzUwKsgtCDyP592Tz=
DemWufPfavZ7IVcG65z9s-2BJygmEs-2Bre6D6RRdT6UZYJBXUuMUGpqi1MC3B453HvD2YMNKUJ=
kv3Tl1-2FnF8bfCeHWSJNPVmRaSAjUD-2FcP-2FRMny4CLtx6KVBzhlfdk39uq0bW6l-2FN7ykr=
bWbcRg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mesh Opti=
cal Technologies</a></b>, which develops optical transceivers, received a $=
50 million Series A led by <a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmd=
cNtioTrJI3g9Jkm2BtQxjLtpQJq5596n8sw-3D-3Dep_c_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn=
4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdo=
WLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGi=
CnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFQPIMavVBDxb2TQ6ecjukWnL7xXMhD0=
jcsH-2BDEapdxgUIwtDuu5VIUPrbgxyx41bsYwSOY595fXcBt6XGB5BDPl4S28UIFFOcYbWsfSJ=
Jhmf08-2BlDqUebRFMF1DT2ZhMxw-2FS57skBc3RDPTGlL5xyy4ZSX63mfrUp-2FUjDJIf0hnox=
l8d9DTEfGFwsMu2QbWamtirbVGNotFD3klldkNbCzYGodNo7c5VFgPbaUGjN9kM5cigD879KwOQ=
qD2HBeJQbUK-2BliaXodXhfviMGPfkFAc-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=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-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JDSpMj0FYWI0S0=
SUJebblqw-3D-3D_2ZX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEps=
dAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8=
z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX=
8PaK3Qt-2BsJfcdfiPFXjqWh1PLeOK-2F3rk1AHKrCSoweJMNaCyWiFMsMsvbUZ-2FVBC7ORSCq=
HOpVIx3tVE-2F1J32Bx0zK9nnLv3hYsIHgXxIUiCREpU6ZRszXvgQKpaIN4OdBzmQTGEkCD58Xs=
2OM9eVuHnRL3mS6ZkGLyUoduoU0tjM7c4sUAMOc44xQIBp0eOWY9q3vbBlGS2uC06oJSyum-2B3=
TYLGV6RF3kstCVmoXKvhr2GKGbIjVsunkyYZv8xEEuSHdBd1Imggf7hgkrr-2FEVyA08CKovJEj=
qfxeAmk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">SatVu</a=
></b> raised =C2=A330 million from investors including the <a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JPZGK4guh3P8rT5i5bO1w0w-3D-3Dm9=
kP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9=
P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7Lw=
Jt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0M=
iILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfi=
PFcaNqgS7in5clwHrJ0zEIPvEsMeZOb-2FkaUgYkx-2FUzfG3lr-2FazAOl3aMxSshcq-2BbksE=
mH4HbkECBbEm723RskD4Aw09EwI1gPLG7MXVCCChxeVJg40c1okYJfWbGy5W7lNQPJ4vmORAln6=
l-2Fdazbpd-2FvEQBxVeB83qpp5rhHMqGrc3qxRahe9DUxG3DKbzKLz9O0QC3sq4g9w4YLEci3-=
2BFMymF2-2B5Zc8KDh6ApJHcIGlC9DuFbIVPcvbFFM6-2Fz073lzYm4-2FMtgzcfP-2BeES0Oew=
yQ-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-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9Jk=
1MUqCwUgUBQLnPlrHmuHQ-3D-3D56bV_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWc=
ERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDM=
xDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwv=
J2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFfNDWdNPvI9wYr-2BxsXDqpZ35JbEig3DBWHrsXOS38FY=
KkICMokTOg3hRmzrGxeKVzuZBpXpyOE9XVheOJ9GjVE300TeHob5dzF-2BzAeYO4eksEMUVfw5B=
fRvIs0RErVR9tlyqwblIDdBaE7hojN63RpWIF1UwwHVFMpsk3ePwYTrLGOo-2FgfAJ-2Bac4ivp=
NyzMNf8K9YU5GB2n-2BBD-2Fa-2FEm7dp6hPtG8cmOfETEbpghfngoLcQ-2F6kfKgkzYwcl1Fsl=
bF1-2BLxHxzZUbM6wSNfAiGM-2FnQ-3D" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">Presto Tech Horizons</a> and <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzVA8SwhHmdcNtioTrJI3g9JRNvOiYrC-2FH7PN4svTDBi4w-3D-3DvtnD_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGK=
kjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0=
HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-=
2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFZrBL0nsQ8O0P=
Kdmdn0xH8sllfsX13lrgGrhzbPjxJfxCfFc3wswcq7ol1903mZNCnJIjd851HVs2cotU8c5V-2F=
4FFSOtQM8YbqGwXRs7XaTlx4V5Dp8tRMDgm13hjwod5SvuNNpxrjQk7k-2BP6O6aUiKlrkjsPsj=
l-2Fmtn1loDu4COTOMTU-2BEvaKXI2r2Kwa1CXvfvOtVlJbB0ezo5qg-2FpJIiND62qqpodjwSp=
tXStMbHM-2BZEp-2FhDNj6LMGf0e4ZDX-2BCmLMv2vp6xfLLOM4SpWCdU-3D" style=3D"colo=
r: #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.d=
4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVA8SwhHmdcNtioTrJI3g9JkAHBBfh1X2=
4Qs5oF8rkluw-3D-3DvNHe_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2B=
EpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW=
6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JW=
YsX8PaK3Qt-2BsJfcdfiPFUpy-2BNMjrW6PXzCX48lhB-2F5gq6yF4vyn8kRI9AcQ7zXB-2F9JJ=
RZbi-2BGylxtuAMYKlOOXfeAFibaYT5JOi8DG1KGAJfWBszZglp2e8W38ty7-2BEn9fNHq6U8rh=
MJHkPQegOtvoG6U4Mt-2BVwBsIHCc3lTejMjpA8WvpChDXNgR1Labk-2FBmeftNYGxTr-2FZ3-2=
F5HrZYpdHIZaMzffDU1WZt57gbztNZelTm-2B5x92TZ-2B1fr6D3a-2FFY08mxk7U8j-2B4Mf5-=
2FKJwkA2HOmu0UwXAX16jE7tV5yo-3D" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Avantos</a></b>, the developer of a client management system f=
or the financial services industry, raised a $25 million Series A led by <a=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPV83wFnji0qIQfXC=
3ybs5y6Q-3D-3Db6IQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsd=
AaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z=
2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8=
PaK3Qt-2BsJfcdfiPFY-2FK-2FgajYeg-2B2FHe51zi-2B3l6IVH9DiFxME7Wa-2FFvdf9NJYzC=
f8cF9eJ-2FCuA35-2FrPLDHAnWyNKF7s3EbLldB1F0w-2BImmYrN-2BSX1yAHXiZf2KfTZotjtP=
x4rHuP0yhInqdFSAJxWSdZ4m-2BmJXUdjz8majz3TXfiP2WX5vwVQXn2qkSsLTKnK6kkJHOkiad=
pZRmyfyktb5tSI5SzFS4Ant2DeTdpq6m1uSmJPG3NKYJYoCgxA7K1u7pNXZK-2FTP8CKlol25SO=
2K8jJJTHz6LVGXywxE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru=
e">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-2Bf3ExdOhyCQHr1V1CrEPVlghp-2F=
8LQAK8JQJ4DbJFtpg-3D-3Dvfwg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk=
5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS=
07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu=
7i3JWYsX8PaK3Qt-2BsJfcdfiPFT4x8LKMCs-2BHtJyLVwVh3wDinDWkjerHbKpY-2FRoTvfWbd=
jFgfs-2FWzdyohjfnK5gSCD4Kc9y345Sy3ql2wXtyTFcZBJvAQ3-2BZwvU1AwoU6YHONe5wIaQ2=
scZmVI5943s8kEG3MdH-2BTPNJKrp8HzR7dbMnAzwzuIDKvqx41VPSWwnUkfeZOi69I2bcwKVDu=
-2FV6vGmdVcjCNbbJ6y5f0sFnpV-2BHLwhPZBr9z-2BnInQ7G45ESsj0ZEpgQfRg-2FnLUCEJ0-=
2BuOpO13GQULBOFYqxKmvMjVA-3D" style=3D"color: #1D5080;" test=3D"" universal=
=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.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPVoUFFWL9ekh3nY7Ez1qi=
w3g-3D-3DPCJT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfF=
kc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1i=
SUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Q=
t-2BsJfcdfiPFfOnZunj9NwFVraPARxTqqDfH1VXeRJIbrLS67CnuwYev6lokQX0iuiR4wSyQz8=
cF3CL9f00jef2HEazYMaC67-2BwrueX8LN0BrJwlEdBeEH2UHduu0qX6wdmQLBNHt1TsyuZp9vZ=
Oqna8yL4SUfcvKpKD1eiB6z3Mi9blteIfYyKE-2FuRwQN-2BUaa-2BnbKdVl4VDTRwKP4-2FJKm=
rJxHoHabnqLkQ-2BXGfHFEyGrlMKWdyDFZv0PgCJTsTvMXi-2Ftvd4Nr3OcL5t6XNN65x2Q2WYD=
dtJgM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Sorenson C=
apital</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQ=
Hr1V1CrEPVjXR-2Fjms3MX8yB21xwI7-2F6Q-3D-3DlB8Y_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cag=
n4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCd=
oWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioG=
iCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFRkMYpmmG2Nncv2Pks1AdyT5uFXPUa=
x8UdgLSjTlpC42VhnYSfyNz6HAI-2FQ5B9rogsOLnLIbX9YUlRCijuSVcI8vlS5pNx-2FwP-2F3=
nsXQ0LtEjE8NpByFqNjmpbFsNmqVPmPiWeHgcgjihrGM5fiFF-2FD-2BOv-2Fl1YnMIxX5c1x3J=
eCskzmHL5WfviCrgYokV0sGDZGPbRHKUkFNBTdjSTk9UqDSinLvd-2BgRK8sHjphJa71-2B93PM=
riyOShI8b0jHG7MoERVjZLW5gZtmgcvDwl2xAgCc-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Terra Industries</a></b>, a Nigeria-based defense =
tech startup, raised a $22 million round led by <a href=3D"https://url6380.=
news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM=
7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPV4w2n6mK5LrotcX72-2BdfbhQ-3D-3Dp-u9_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPA=
Ru7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJi=
FqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW=
-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFbVMPc=
FXbnUIrDvfSJah-2FLiC2jckPKbdGx9pLdrA6-2FeNJq1xkHQ9hEXeOip7nxIY8Aco5V-2Bqipx=
3DFB7ib3vbzFFULNowXsV4-2FlToxtHC6povrZeyhcnhOStq3pph-2FSQZ0yXRwQXunOT37xUbf=
So1sacj-2B9p9vU2G4b2B0cgxNvSrRKtUzKXkEJ7S-2B61REELJmGI4cBuddJ7Jsr7drIBJ-2Fp=
KhQhvFyGyQr-2FM1qMljYACmCoAM70cgTlj52ZAZahuRPdxwZkOX40poCyILvl2jyI-3D" styl=
e=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.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPVJuCPElGGz=
6OtMrlc5Hphpw-3D-3DwN2m_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2=
BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iA=
W6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3J=
WYsX8PaK3Qt-2BsJfcdfiPFb8tddQQBz6vCvFZGwWkDhnixZXw-2BMCFh5FEhBhw0fuQxozwZAZ=
69XgfqoVE9-2B87BfmM-2B5AG3Bp0MJy1nkczIZYRaodWL64NLmQhzP34h0iDrA34BNSziGM2v-=
2BJjnm815Gg105OW-2B1OTLyJx-2FZ2u4V3M6ZexY0u-2Fjul-2FGwU2bDRItew8Y0QQZnoQCyt=
EMp9bSkJruOaPTARVYbguzlFtE-2BhwE6qwHR4WkMF-2ByWXb6QeQ0eo8g3J0g6l9Otxb2qgnn3=
bqnjdTAPlIot6uPK2m6Qo-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=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPVvkw-2FVrpo64znawxTes477w-3D-3Db=
jtc_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf=
9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7L=
wJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0=
MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdf=
iPFZFTv42h9bh7ChtW86anXHJLsm3AgCilpYpV1r849azpFNCsw8Ig-2BEbuKi2oBp01kYsvmkf=
c4RJ18M-2BdbYTeMve-2BDUUHo3Y4JQhX5Z0Ca4EvQ8AQxpNjloYA4U0b82ZhqMWuytUsQ8Nayr=
6-2FBiix6dxDhUnl-2F14ECaSSoJFK0s2y-2BpMaEdSY080Tq3H3-2BMOqmCYKwZh8SIPo-2Bbd=
sHwddRDx-2FEvcgZpx2HyVRl-2FJRocRYB68itYplAb0KdeahZYxV3TuNVGWTFcjhFg9xKRwZBn=
Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Prelude Ventur=
es</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">UK-bas=
ed <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPVkzuL09YIO=
eyLheDnUgcl2A-3D-3DTLRF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2=
BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iA=
W6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3J=
WYsX8PaK3Qt-2BsJfcdfiPFY7TkyYfHL5wgsYnl-2BfbTuCqegg-2FkEQ22yAucro-2FVcHsaZo=
6XYsv7Jbzd6sg3qrwgViOK7E3TSkPKLUpAE7q1L4P-2BUVNdimo8xtN5AGWmXLQBLzFgXd0-2Bl=
F3FFvxMKbZU67RzmuG-2BCIXnwaQlXkcwI4BJUYa5ialnD3IOnEYBSZWwUW6j0Q4s5k9HUIsULd=
Hl-2FkBIGT4nOuchr262CctUJEvj1YBzQVWpGhl5usiDyM1ov-2BkQMgs4-2Bm4ZNvaR-2FQscv=
P0JZtuPvAlm-2BpIN9wklgc-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Aberdeen</a> is voting against <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzW-2Bf3ExdOhyCQHr1V1CrEPV0V1F0N24xQCzG00AJF2keg-3D-3DvZOn_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkj=
nWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HS=
Wzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2F=
dteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFcqumFJTQ8u7-2F=
W6Z2nFoEIxFRwN82QO8XKQ2PLql0FWInlL1LCS6eG4YUhgQfCZpDxSPDUYfrNN5-2B-2Fp088sc=
YL4Tn8WOlkRjZrmR2kiZKw0R4Bt1UAV-2Fk1NYcN0UDh6o6dtuEQkbZ1hob1BfI1raTGwrPshDe=
DT0Q1LZf3-2BuSHtIp3XXmnsKsIz6qw7JGJZyScZP9MTvoPiOhG8Z2Tx2Aw2-2BtlEDkGMKYig2=
o9cqQ9G8Ox-2BaTgFl-2BzzRVKREaxPRKg4lD9R35S5znp7Ad4Q5-2Fwc-3D" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Advent International</a>, <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2Bf3ExdOhyCQHr1V1CrEPV8L1MsRD2-2BsifZrXzQ=
gtbxQ-3D-3DHpc2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaR=
fFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS=
1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK=
3Qt-2BsJfcdfiPFcRpaaDZeAvuWdLu43b1ESDH5YK8g-2BpucxG-2FGlMVC8gsU6HhGbgIApfb5=
HbfrWBCYYWD4tV1m-2FO55SsRs1-2BXLEPCELFoUZoQNWQ6iL5VBvC6eU8o77sSR9PjexAaD9PP=
SY-2Bj00QPI3OSWFSmXLae-2BqLdRtMUJoKfk-2BpOutXAyKcaExByGSIXNv5FlM-2F3o8PJCiQ=
pemCCiZ3whrNENUmuXCamQfJeEqOPQP9knwj-2FT45RNRM33egfPZeZaIa7Qs9mmTeZRAGBEdgm=
daaaKByBRM4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">PPF<=
/a> and <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqc4uig=
kDSk0VQNqpB0aZnmgQ-3D-3Da9qo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERv=
k5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDI=
S07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2b=
u7i3JWYsX8PaK3Qt-2BsJfcdfiPFerhb66fxRDzWn3xCEFhs-2BrvGnB6QNno27-2Fr0tA8-2Bk=
F3IRBKBekwQlFx6i50zcsGGDSaFyk57lSU-2Fi8Th8TbRNYla0KW-2Fpe07ngUgu8H0h-2Byb9d=
Pc1aTmkbzRi2jvyi9EPO9xi9OElwnxmf2xdsuCy3MraSvJsdLmDB3NJFulnZ3aAbHyWVx-2Fv9N=
cxy2IfCnErW49CdHa0qbh-2FsetFjGmTtVcEYY3ddMuLMxsE09Q8yIJNUFAmrUTaluwGt5eFQex=
6Z0OtYE7Nh0famf8mx7ZzA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">FedEx</a>'s =E2=82=AC7.8 billion takeover of <b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqcxCkjENGdMFXe2ozrOuxWJg-3D-3D3w3H=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3=
HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt=
0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiI=
LrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPF=
W95Kpcj8i9aAWUrUM19yET9pRu8AE-2FqxNmTUmz7exbdU445Dw4TYsPAi7Z-2FJVU618pV2jat=
JLDYITd8SIlQ0VX05EdQ49rz-2BZcWFMDy-2FdXgt4N3hyEqdfX99kxuX6eppOA4d-2FqEfHu5H=
WTupN-2BrgWr8L5BpA3Eth7o9oHuVh0GtC5-2FhJs3x5WWJAvKTW3IY-2Bw0ixQFPH4H8wlJ4TD=
-2BYt260q7VD05ny4V-2F0cvMM7-2F-2Bq7x1-2FoehxW0rIFT-2FwJuMsli4qKHHx2754Gi2gU=
ReFkWA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">InPost</a=
></b>, arguing the offer undervalues the Amsterdam-listed parcel locker com=
pany, Reuters reported.<br><br><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVme=
u-2FvLCi5NDIkYvJLqcX7Gp0k7PP-2F3or6dNMN3mCA-3D-3DSzs-_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-=
2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2=
BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg=
4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFTl7WYxuWTFQNylctKiiOLK=
EdjTAUv2FefhI5SDJ-2BKgFdZVjZvByVkTwL-2Bs4XLmNqHKbtjg0BefWEnI89KgiD86J9Ezoy7=
U5qwqcmAsygtvh6wp0UzrDGht60RdJrO3NQJlvFb3l6HnHq9sRtEXp2-2F33vFbpLOtWu1RzHBU=
FZDQw5qPDml5kwPBVbpxmo1uxEo5eZyLiaxBaRD7OR3mJ-2F-2BPoNUSBHm9vyaFBwGgbVnMlVu=
KISfWDxV-2BpEEO07HU8KTkvaaDhDolRJt-2BeSWmcxLc-3D" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Rosebank Industries</a> is in talks to acquir=
e food processing equipment company <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzURVmeu-2FvLCi5NDIkYvJLqcoGQ8ygP6Zj4ezhGgU7DkZg-3D-3DE5yh_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnW=
pk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWz=
k1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2Fdt=
eNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFUPZ9sCCetCU47pZD=
oqtURbq-2FUKeYM5FJpyCdP545PcleOau0yR-2FR-2Fsv2v85JU98bgcfA8gVRkKrwpPXfjM5L-=
2B0SZR1l9Rcea-2FYmG4m86ZMtFkslaVfYx2xjFEh-2FulxBLCR294FCBnXKsjNRqhAi2sSV-2B=
0PuqDwB6aCEKV3yF6Uy-2FwOWq-2FwyWPlXXJBDNeV8uhWI2lPWsNCU369KrYOILh2Rj8mXjsye=
xOMSMoF8JszMc-2BU15C5IPUaKwPpFpfBElrxdpwttSmIkN2IvTnjtMV0-3D" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">CPM</a></b> and industrial compon=
ents manufacturer <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5N=
DIkYvJLqc0MI85rttr5FSYL5dw4MoIg-3D-3DS_HH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-=
2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-=
2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSs=
be-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFW0oe5nm9pGoRNzDX5F1p8UlI5hcvL1-2B4=
pC8m1walKDa2PvPwb9GnjfwvFVBCW18gWVAUcQu8I2mToIKFM4h9SFgRapSwsPKWIh-2BmnnJJ4=
LZCWseY1ikjkKeHYcR3G7hIhhZq5iNHxG75Wv6LAJ1x1SSuY93CQDxCeo7K4axDqrGzryNazHH2=
THnpB5rlXX8c2MYyhnSUjr9ytoXBX77h6UquWbMIuOML7CRT7lZHQqS3kEwMSHOnzyZiY3LxwcT=
yhoPyLiBozMaypwT2gDCr3Y-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">MW Components</a></b> in a deal valued at around $3.05 billion, S=
ky News reported.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/=
ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvL=
Ci5NDIkYvJLqc5c7YztOxgIGwHwzNtIXEnw-3D-3D38RT_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn=
4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdo=
WLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGi=
CnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFfZEHAKbcyILI65lWXHepyLgMm5EVZD=
Xf4ekacuwcPB2tH-2FubKvzesDOrHCRw6SQ9FbiksFFWhCptXKT178CXCJD-2BcXsY0B5LZsDLm=
tzkKMJ-2BV7nfVi9SDiAcd82MFcdDOTneOoPln2hsAcQooWHfEyakzhTaxFLg3kw9C9Mf4sCSlm=
du75SmCpJjQv1awbt1fmsFk-2FPO-2BFvy3WewewzOETmdunNGRLwIx1FA9C2e7y92UuFu5A-2B=
mzeENkYzzC415kyfOjn0EtwpZZV6a7KL3IU-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Blackstone</a> agreed to acquire <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqcvYA0ceO0Aa-2BCyYBkTaF9Sg-3D-3Dx=
b5O_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf=
9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7L=
wJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0=
MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdf=
iPFQ1a3MSkkIJ7tfePv1f7lnYttUMGSm-2BrcfjDoda4GVG9JKzukZlnUMmYpo3EvvgzbPObISD=
6CDTTT6vUOOD-2F6OuOHQ34-2BI2Mgi-2FwMi7qekXiRA4WlSZdBeUABcLirI4Qs3Op4WC3Oujq=
Qn3tDf38MqWQStxPMpd10PRlo5p-2FxE7QNb1fRCZvRW0YPVWA5WM5EDR0-2BNR2Ze1eU5QdFpG=
IcbQ0Cf5CCLZqVrFhCo-2F3ny8OxWjtX-2Bek9CI5C3uxljkWOl-2FB9gMLal4V4-2FjhseIRsz=
A-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Champions Grou=
p</a></b> from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJ=
LqcNoZ8ZfRa3Hu-2BOr3qevdoqg-3D-3DknZ8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF=
Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2Bmk=
HkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9Q=
aFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2=
FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFRiv5BkEd4ufRRahhYiD-2BvCGXD92D8YpkWLdl=
FgHVyiPwAJGwvIjxVkKCyE2KZXQvDNZ2uhgbUEhKzb-2BQzv3TW6steYsFgohP-2B3D3QdlgZ0I=
hV4tWAr83zUuhP2Rzwx6-2BUZsDpLkzNifdWR9t-2FZ-2FMgOEh0pFuCgUCVYu2bIdOwwlzjgGS=
bhkLgWWzheSyHWQwoVG-2FjIcnUrbeWg-2FDZ2k0LWWfwegYSZophpBM-2F9WQlVM1Q9CeBIWCY=
TJ5Tzwul-2FLcSHFjSEi9f6tX4hZ4zSvJh8-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Odyssey Investment Partners</a>. The deal values the ho=
me services company at $2.5 billion, Bloomberg reported.<br><br><a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIkYvJLqc98IekVANhv3z4iaOa-2Be7D=
A-3D-3Dh5fp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc=
2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSU=
zmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-=
2BsJfcdfiPFaawlxnhI7ShjZDyULJi9pn-2FUtKjDr-2ByjaZWH5CzO-2FGXLP-2BF41remFuQa=
k03I40ygSz5sBaBV2gk-2FkzsNUHynbyE-2FGTno-2BxKgMlaiZadg4GJunSETGLRNJlnrfcEkT=
WV7SmtZ0kQeAHikjkzTJqHs7jHuBB-2BkzNeblwSUecseGPOV-2BPnKtXp4YfnsGeX-2F-2BIJT=
ajZqMPCqjus085pVxmvqth6RtnVNK5YWEcKeJvc6SPnhYLQuMOHgrdmYFEYXlaL1slnDSupctaS=
vWt-2B9lLSbHY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ma=
cquarie Asset Management</a> agreed to acquire the South Africa- and Latin =
America-based operations of <b><a href=3D"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVme=
u-2FvLCi5NDIkYvJLqcr3Roi68R6M7mCPf-2Bee-2BbqQ-3D-3Dncb0_I3w5d9c01gkD8gLzFEo=
fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1E=
e-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq=
-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVS=
Ag4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFUZelHzBEllJoQYVuxZ5-=
2FnA2u0JOebz16RXGZFVMvYsB68H7028zQhit-2Bl-2Fmla-2BX9THXMlwcVob1JxApWsC8O8JR=
e-2Fa-2FzdVsxRht2YcWkBdmEwRlmedktoie-2FwWTx7AgRiDAjKbVy7f4diJBkhzHnHfEcWQ7Q=
vV9ZhNwqTGSu5TY0X8-2Bt8Xi3lkp4cajTpd2QOhbZoVN75ty7gFIcY4JYgn14cP7wxTUD46OCA=
sGJbz-2BDOlE425aTcSYNJlIE5Acrwq4MixPcAASsrvE6jyGVk0-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">IHS Towers</a></b> in $635 million and =
$952 million deals, respectively.<br><br><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzX7i-2BZ4yh7UCBhpTrYQgdc-2Bi-2BelN8IajRYyw33Vq8usmA-3D-3DU38X_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQ=
GKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIz=
P0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0=
Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFQCXJF3s8CB=
rZU-2Blgh2d3Pgh-2BfHXVc8ByrY5R2Edp46lSrQF7cLkeIPyyjzjq-2Fy-2B-2FV-2BK1oiUP3=
gj1eiJUSnk52GBqDUitSMRfvvxMCx5dH8VV1U5fBU8cFMDXEZbhlehaERuteQ4RsKsdXibim2fv=
mp8OlZ70MP9dhNBzw8jlHNnAY6-2Fvkb-2FkrHhkQ9FtCoHzi7eRDN-2FQtbxk-2FlBjzOiQkbn=
jsWK77q5flL5xfZRbQKxfJ8IuidGVdMbE9wbw-2BvKcv1wKaBU4Ph51yU83vIaZkk-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">TPG Peppertree</a> commit=
ted up to $1 billion to invest in Florida-based telecom infrastructure comp=
any <b>Connected Infra Group</b>.<br><br><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzX7i-2BZ4yh7UCBhpTrYQgdc-2BCKh5TCb9CU2Wmk4-2BSksmtg-3D-3DUDyL_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQ=
GKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIz=
P0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0=
Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFaVBhxhAQ6L=
Y-2FUzitY2T0zf5oMr9WPiHADRZCxDAc-2BU4Y2gbonpt4w6JAHz8rRJ-2BM04YPfL-2BSv0pcS=
oHTCzQcp3wX0zrw6zoy1OlneyhMiS85bpBTUqRNW00iKeQ6zAxozcZif75hPtXquBqNzSdyO8pv=
UhVN-2FMG8e3v2-2B1JFBzlMWudbLwugaU5Zd9V0ZM1LyVnkIgi-2FTi89pLi28-2BmoMzYB5Tc=
sC3Rme4FbLq1XxYX3i0U-2F40GMJqJMDhgt3ptZD5RNTsFJp4ilT7kIZo7t0o-3D" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">ECI Partners</a> acquired <b>=
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2B5D2C6QJiVS=
liVq4hTj3T8A-3D-3DLpDo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2B=
EpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW=
6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JW=
YsX8PaK3Qt-2BsJfcdfiPFczvWo-2FBVv-2BuHFvygXJpl9IfWG7Kc1q6dJ-2BomEmDLzC45QxC=
Iuy7nGCHbNZCuO90Hb6XmDPOrMo6yprfymlI9GgaLOxpocNCWYHFHXrQFuci0DeAAn-2FlZlV3-=
2FoL-2FnLECl2OzDzLbhosbjoZdS54R7WDp0zoKcDbk0y54KrKZy6e6-2Bsvv7XPe9gXo1-2FlG=
eHAif8Wn477yY6eSF-2BxMsI9wTQNaki2MzDZ4DFAZ5LgGAK40It3KNH4KoW68EVTGyj4zp4dSq=
5Evgx-2BLAWEqtiajXyc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Paragin</a></b>, a Netherlands-based edtech exam and assessment softwa=
re provider, from <a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTr=
YQgdc-2BvldsNehvECTeIOS0TzddjQ-3D-3Dc1R0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx=
BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2=
BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2=
F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsb=
e-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFTpoRlTBfL6YQlphrFSCXxBxzMUVpIW-2BpU=
-2Bx2UydvnwKLqeeYGGAvZiBslzZ8amhTE2OxOfTlOORhln3NycI-2Bv5wHrd1i2W-2F8Yw1TNl=
AwJwb3jLa8ElKG1eyQYAAcmgcoZasofEqgrbSAV3IOdfwUZOAOjgP-2Bg5IHt6k0qCqJupMCpTB=
bIQZOqwGMn-2F-2BNhP-2FGInr60Glvkfpx5gFBQXzxNclHRvE-2BmWUs2IsZETDfjQU0g1u0lS=
W1gKU4kfVQ3RYHndxhJ6L0NdijgTWE9EBxIA-3D" style=3D"color: #1D5080;" test=3D"=
" universal=3D"true">Main Capital Partners</a>.<br><br><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2BFN3CrccluM0cFNtDQVXYIg-3D-3D9T=
VY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9=
P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7Lw=
Jt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0M=
iILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfi=
PFa01KXkbDtXA7mF57Ht3Oh-2FM9A2qZcJr2MRsNFHl0hOgRi8HYK8wRx7UOkK86trmPbZCr8y-=
2BaXYFA9JmekJS6zRECD9l52XbY0ks636aACj-2BXhZ2YX7V6oxDkOdaC2sfflP6HVaU2FAL9nF=
4FhwHBvH0mcToklxaiGsJRVOml4QK-2B2PIuRJ1-2BD8tkoSwJXTO-2B0HvzPTUhYK-2BZmX2nP=
jN-2FZ8HkmTKllr0-2FYLq2iEcMdXKCn1um2o8SbmF2ygqxDi0Sac4V5-2BIpWh-2FvQQyZAyM3=
gU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Polaris</a> i=
s taking a majority stake in <b><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-=
2BZ4yh7UCBhpTrYQgdc-2BLe6ry8C1nEugS9jx2Aj-2BrQ-3D-3DAcxy_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1=
Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1I=
q-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNV=
SAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFWJjnY97aOAvK41A7Igf=
o4DIKESBiEDlojLzV2JdINe4vZvGE0-2BCgbhC2WYbK3ts2vk1UV-2FepmZQ1ovB9TcGC-2Fn3A=
gPu-2FHsuwY4kVqSi1QbZsqZmQSW64IRZLMWU1mkG9W9MyeRJdpf-2Fg17An6RYLKYm7rs47XEK=
gT0QEkwSWAJJqyBD4CRZBjTEWFCnVikCjxfkM7inx7tzfm4zzYHYlvob8Qm-2FsimN1rtnSDZ7o=
-2F35zAhfUn4egUwv-2FPKxbMdNi87ZiHXOkrYtigtgdVvKuWw-3D" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Valtus</a></b>, a Paris-based developer =
of an executive interim management platform.<br><br><a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2Bi2G6fufqIscAK49w-2FdNAYA-3D-3DmBv=
q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P=
3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJ=
t0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0Mi=
ILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiP=
FYEQQvlYAfc6vdf26E4eG-2FUv2gm0v2bFCYiOoXqrxRZ5PFyke8a40TrcPsm8alfUPa0aJO4uQ=
hXis-2FZ9Eb4yEcrj2fcPCYvLhIP2DJOnTWtLhh7ctOi1ml47l20xC5Vng2-2FtFsTMgFe5gw7I=
c7EWv6hi4CuySkA-2BQjn8uKrEYcwgWPl-2F-2B14S2I6VBzAzsGYm312zKhGcH0w4WoYE96mcH=
XVRwW3Dzcb3MYrQV0McX7U-2BhO5z1xHSlOnd2prPMoghd3kmHNqQzuDyudi5TeLNsN4-3D" st=
yle=3D"color: #1D5080;" test=3D"" universal=3D"true">GenNx360 Capital Partn=
ers</a> invested in Louisiana-based testing and inspection services provide=
r <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2B2hVyb=
yZgVN4Bm3HwxRFotA-3D-3Dmhf__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk=
5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS=
07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu=
7i3JWYsX8PaK3Qt-2BsJfcdfiPFfxAoeK6W7AmnxK1bk3YdCZnozrZ8uq1hEheC3CwW3cjoYCrX=
-2FxbAvhK7xGmSwGOwP4asbFZ4T4-2B1uvwSEYAltJqSaQ7KoG0yvV9KxzAsAxiHbJnU03yECKI=
C5bbJSk0-2FO5tR3oiyDoiuud6bv6L98vwj0fvVRoDUb-2F-2BtPuXchvOgrKpuQBSdSMxNxfYV=
zxZleW4blpaR6JeiLJEqgjQX-2FKo22LSpXiwRRUqLkYuB80jfr6MkVhFZr-2FJGH323qTt4Yge=
xNq8aTzbYAtJVbESjGs-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">NVI</a></b>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Paris-=
based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX7i-2BZ4yh7UCBhpTrYQgdc-2Bn=
PqpuBCyBFggzudqLSaPAA-3D-3Dgdfj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-=
2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWc=
ERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDM=
xDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwv=
J2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFWqxsqo85oj1hsbJ7hvKGDc-2FRy2QS-2Bmo5bTJsOnNC=
uixEVgh4wYQNR77JdXowdMYrbtp7WlKHmmpvT1nAjJ0bpR9Dxos7YRW2cjr-2B-2FoP-2FKj0Fo=
bAe1hbFUqzelDe3-2BVT2DPj-2FSDmbUJ1Jgq1A-2BgtCJ9cnFrtXOVXcwglBaw6pGBA67Sr1or=
g86X7pEbbNyr8LB5MAu8HtHfoflywbOLAGcH4MhOmDjXm1Wu-2BN-2B2-2FBPZyrGQCyDKzsK24=
2-2Be2JblWt6trKXaDH-2FUpCWBFlbX8ze0-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Koyeb</a></b>, which builds tech for AI app deployment =
and is backed by investors including <a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zX7i-2BZ4yh7UCBhpTrYQgdc-2BhcKCyV3W-2B3djr6B04ZAesw-3D-3D4i-1_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkj=
nWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HS=
Wzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2F=
dteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFeerM3JB0-2BtWR=
8v63O27IYc8meh8Sh4om5IYHOqu7N8yJsS7XlSlSfJ9mQZHQ5Baivtl2BME2ee-2F8ZR4rgogxQ=
fF7TeXbS8nlnOFMxGHbV6NrETo-2BTt1qbsBm9hESdAbl-2Fevp4vM06eDPFrtadcsxsCJaK8t0=
KVfqShxFvt7dyMOmb6D1NbJzBiV3Pbi8l-2BAocNjF9i-2FmqujlxKDaRDKSQp77qhSFve7CV4P=
qQDe1S-2FEaDMibM-2BHlSw2yz7-2B27OlR5R8CjFOKNlp9bxNecCkttg-3D" style=3D"colo=
r: #1D5080;" test=3D"" universal=3D"true">Khasm Labs</a>, agreed to be acqu=
ired by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxTxmVHv=
K3b0oPWJsQ7IW25N1Q-3D-3D4XT4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERv=
k5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDI=
S07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2b=
u7i3JWYsX8PaK3Qt-2BsJfcdfiPFVNz6SVNqDdkiCY8qL936KbT-2BEFG5npKFiGCl-2BzZvUr3=
bO9KlF1Rv-2BsAG1zqLkgJ1-2FIDnOYdtPlMD-2FRbKH2mpZ-2B03MO0vmVQfPCmFS9o70WqhqP=
MY5-2FFSXroBHkdE2LGNlqVSra8yz7PNVu4eXzTEt0T0axkiyexfuaMb96dTSfooYBgAfT7Zj1K=
3hP7rxHwlSm1rwxSw0Dw-2FmXfbCuLuVNppi32q8dFpJWeiMFtrOle8xhai3d54IgSJ3EWRvD6-=
2FkdM73RsxkLCm64E-2FjjY3Qg-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Mistral AI</a>.<br><br><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUI=
dOet5o-2BtB8pO3wsDSxTxz-2FSDXuTqt0Sd7i8pV4-2BEsQ-3D-3DDZkf_I3w5d9c01gkD8gLz=
FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWp=
k1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk=
1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2Fdte=
NVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFcrkPTSOuj3nP0jZtz=
wRdD-2BCgpH4uiGum2fqoY5JbW1xl-2FQI9iBDMv5l7HReS1Y8XvwsRYEW7TWZGQ5Lq7DneIXBZ=
Q2H7ek4-2FzcH-2BFJcv64IYGjb8K0OumK5b1YCYl3tRHBQ137WXwx2Iy37Kl4Sbbz-2BuWQzH7=
mjQN8knqumSdw4BHFnM7CsMAfvP4ofiqtSBeNPfG3gNkkTFx9OzNtey3J7XvtTvodmecKgY-2FR=
EonnojjHXnTXPjuQ7BoT58rIt7uBas6lmvu7khH1MZ8xWXHA-3D" style=3D"color: #1D508=
0;" test=3D"" universal=3D"true">Sverica Capital Management</a> agreed to s=
ell cybersecurity company <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5=
o-2BtB8pO3wsDSxTxlqPYOuge1lZ-2Fp69VHRJKkA-3D-3DHa8i_I3w5d9c01gkD8gLzFEofZR-=
2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2B=
a0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BO=
KJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4w=
R5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFftJo24Ciw5C6CfyNpSNJJETA=
O-2BH8DK7rl3lQN4Up29rC1rNLhGjt3rO4hD2s-2BwPkRC5CbdrJpdWX51IWbouKJKoPuQ3Ve7I=
e8SZG-2BGg3HJrwGjwEfG0Zx9rKm7LBU-2BtnkEirZ90qHpiNjWWhfjHDj9QTlWktoSQS9Gd4zi=
s5jnI7aw1I7Va3tqNP4o74uuLCWnYQqzpjdQftVjb-2FiOq4fgL6t5hipZlJacxFHYRg4fX4ojq=
paKXXw3Ut0TRJpnW6Fjj3DALl0pW7cAB4QP8z2M-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Defy Security</a></b> to <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxTx8hAPoKGFk4KyYfvSCRQsXg-3D-3DR9hT_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPA=
Ru7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJi=
FqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW=
-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFdTtJu=
RARwofjM-2B2-2F48-2B1D3qFo3qfBywI-2FCwgEMBGFEKf2-2BE1AdK-2BbHSa06nirtX5p-2B=
FGH38gXtz7VT5rSailv1bzeE9hhLHJCGNudQZKUUdLRiKshLvAAO368cih2-2FBnvJ6xs0uUquT=
dLPrJJ47ryKOW1TQ-2FKT4WuAB82zCEOAc1X-2B21fteAAK5y8TwPp82C5-2BZUn0a1GWoLnHEJ=
ZHt-2FMNCQZCxL7a-2B6DLNVYAlbvTezB3NgUKu2mqlA7oqw-2FktxYYEOhAkaDfoC8ZRpIUcV7=
o-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Booz Allen Ham=
ilton</a>.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzURVmeu-2FvLCi5NDIk=
YvJLqc5c7YztOxgIGwHwzNtIXEnw-3D-3D0feB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR=
FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2Bm=
kHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9=
QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-=
2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFV10T0yBbhzFmm-2Fl1h8TR9MIgMxLK9w-2B7N=
uceidXgmwh7E0EFy0bPTD81dd9tWjlreA-2B4D4vwoMxVctyKcU0FKD4OGsJkIYD00eEtNf7y0V=
g5l3R36hYkUTZmsZbdAK06dgwcuVRfkpjeHa39lCZtvGKwXmzo3jelgbnEXJyLrpMeAiIYm0PN0=
9RsEdAQX-2F4gOaA32VQ0-2BZ4PsjAOlZcrN5TInV14-2Bn5eJRx9yxRJ-2F1TQXbxovGRh8OoO=
iucxoGYNq4JnUeg1F6NJava61TdnOQ-3D" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Blackstone</a>-backed mobile advertising company <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxTxPiZw1hmveVMNaXQeIvH=
UYA-3D-3DwiIU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfF=
kc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1i=
SUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Q=
t-2BsJfcdfiPFYXwUVXRbInX-2BcW0RL5Xvk03nQPxIPaZ9iEHhZQVUvBmwuCL8-2F8ibGHoXOt=
-2FL-2Fycz3kH9B7ceVVkcWjcC0DoBBRDQ9PJSxD7CKeX6TEIJMf0mm39YX7xO4N316p1N78wbV=
VcxKBRQZt8n3aSgQUc9o1cYlj-2B16Qbbp9HDTruFy3dd9CGPEbO7AztyDOetTkTwycWD738hWx=
hRNNNgHdByJZMmj5jLdW2OPTfr8oIN4hsSj1WQYN2DEefoP08FCFQjTr-2BuC-2BJBhX8gRwo5C=
sCqv0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Liftoff</a=
></b> withdrew its IPO filing and is considering resubmitting a new filing,=
 Bloomberg reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;"><b><a test style=3D"c=
olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxT=
xSBcoeTv7v-2FsvuymhK4sTrA-3D-3Dk1_T_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHk=
doWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaF=
YdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2Fg=
vTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFSCog2wxS9TJYKJzOFx7AAVcbdAkaYkZmvUtoqDvu=
dtEUrcF2dL6cRnHRGV9waonHiaxgeP5ZQrTDKGAbwzTFDQVsuOZu7F5ldBRYp9D9yL5pMVU-2F4=
IHsdhZbPyw7EE3IgQEhFNKn0bs4oeZF4iKxd3zsqsZEUVTtSu09dILRmrjqXfNihdQXdoIP04E-=
2Fa0TmAAK-2F-2FMwvlYj5UnkJ3w-2BRHtJMDUvcaKmidHAn4YRt6t3aKu4pj5fGIhrjr06Yv9y=
p6aRbfDNBW0Xs-2BOhJpcnly8-3D" universal=3D"true">HarbourVest Partners</a></=
b> raised over $1 billion at the final close of its first PE continuation f=
und. <br><br><b><a test style=3D"color: #1D5080;" href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxTxSE1gbLeMRxJT5sn2OpU7xA-3D-3DuwOM_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7=
XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqU=
IzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2B=
Z0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFairsXbAj=
V-2BxRVSbwjQUDk7aSM87BA88ziW-2Fp3wEMznui2t6ZLewHkQAs-2BosFeSreoeCd7VX8kN9nx=
32zWbPOmyfJLQEqFrZ9BTUXfBXNgeT00UzHJtwDlF-2FW5sfHgTFeOtRHi5yUFQjSQtEhZFmQRv=
eRyassV5YvZS6x0uO7JmrwhEDMasLUmNRMCpmruHJO1aD4LuyJgnZTuWWuAK1Yl0hPiKpJ4rfWX=
eDTl7SEuf-2BACgMDforyOAOUfJSvllOx8N35CuR5jtGs0Qo7ljOfYU-3D" universal=3D"tr=
ue">Tikehau Capital</a></b> closed its second private debt secondaries fund=
 on over $1 billion. <br><br><b><a test style=3D"color: #1D5080;" href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxTx7aISLsLMoF-2Bc1Ut790sy-2=
Fw-3D-3DP9Hi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAaRfFk=
c2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2cS1iS=
UzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8PaK3Qt=
-2BsJfcdfiPFePuER4EFIRyeXMxILAxkB-2Fw-2B9jIncBnAgEprb3EBRXR71A3cVDl5wD75PBZ=
BXXSE-2BR6o-2FoCpRLpwHuKvRN86h-2BXNM-2BTy-2BZM2KMowrcvJvapdlDhj-2B0FZuVkw-2=
BbfFwTm565Ow5JV1SobbyblPHqs2JKI3M8-2FFapF5kzlBl5Nev47dIQgNFTmfrRugrZJB3hbzZ=
-2BKxWJDe0Uc5QdGZiTh5yQAyfYKCIwyBDj8Rx0GchwtgOPcGdPTrceu5virvOvsc49SJ3gwNkm=
723losIZAzMI-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 styl=
e=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3=
wsDSxTxQRzuIpzK4V7JvDyrM9YJGQ-3D-3DDPoz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2B=
mkHkdoWcERvk5p-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F=
9QaFYdDMxDIS07iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe=
-2FgvTwvJ2bu7i3JWYsX8PaK3Qt-2BsJfcdfiPFSt1kA9a7Jxhvzf2Fu-2FnmpT3AHuRcTwCZEL=
-2B4yKo-2B9QMCimPKC-2FFRVuuWcYeFE6Tz5o5dwVcKL4J-2Bt2Lf35QGBJcMGoBMgHDOSTRXg=
eVgU-2FrWotQMqTmFkACSO-2BNEF6wlawntZxN-2FQOrg3x0Mf3hYfuCocUBs5yXFOizda0E4l1=
Vxnd4IBzGtYEFXoNQ8evqMxDVlQxhhieEEf5wZth70jDpM2qXijv6j8e6U-2FKEUkVkWfzgc1C5=
kGZDy1-2BheXA3flhpSZDEC46QqT1EsfnHwXY-3D" universal=3D"true">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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Corporate M&amp;A</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUIdOet5o-2BtB8pO3wsDSxTxlhgQuSCFbNfwE3dQp-=
2BXqcg-3D-3D96dz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEpsdAa=
RfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8z2c=
S1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX8Pa=
K3Qt-2BsJfcdfiPFaIryxVkQADm2GllIOwVqrf5KbbhwCfHE0xln5Omjn8W-2BIKAmsnNe71Bu1=
ZgJEzg3vrBEXsxK56D8-2F9-2FmhySpw5zJwjavhGhJXb3AtfSonn7BPwXyZ-2BdbUl5x1hR-2B=
gzSjUXpU0zQqNWviK2PFplts2zNUEM5s7IBUOX22QBA1-2FNFimNfXw3ftdjmWpILLeSm2vmod1=
L11KmEr9b71IKlsnHNRpuyrsrmqnMzywVsW7iuFlRK5q0oaz9p8mU2TFXOvqAXhYz04FxZna4w5=
aJkjFs-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Danaher</=
a>, a life sciences and diagnostics tech specialist, agreed to acquire <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWftehRq4GDSBYhcWa4Y0z-2FF8AaChJ1UzaZ=
5Cyqj1IwA-3D-3DVxF0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p-2BEps=
dAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07iAW6A8=
z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i3JWYsX=
8PaK3Qt-2BsJfcdfiPFWDwp9uaIXZ7Og7QURTZmcZQgX9z9v654W7WTHAgNChcY0B-2FhhprAA9=
KQ-2BkGOWPR790Md95bFZ5G9u8j6pAYJ9H0qY0UccGW16MqmBTRaGnvNqrAN1ZfwRp4xWnTxirD=
y7lApM94dbOE0VG82Jy0fN-2BOgDgrZvb-2Fh46nchCccBBUK-2B99nA1uRiGu4uxaD1emhxrqN=
MKrmKXnmbx0Q-2F0mPxLMaiMxJUPwPfdXdN0kup6cXHCB7ydiEAmrvIEVps2VR1FeIn2gGznQ15=
ZyLnhUDBA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Masimo=
</a></b>, a patient-monitoring device manufacturer, 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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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                   </tbody>
                  </table></td>
                </tr>
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                 <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%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <tr>
                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWftehRq4GDSBYhcWa4Y0zmwNvcG-2F=
UqPZSgCiUJLt5jg-3D-3DJs4T_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFWNf9P3HBCPARu7XQGKkjnWpk1Ee-2Ba0Cagn4FJ-2BmkHkdoWcERvk5p=
-2BEpsdAaRfFkc2TrSxv7LwJt0RzJiFqUIzP0HSWzk1Iq-2BOKJkCdoWLb-2F9QaFYdDMxDIS07=
iAW6A8z2cS1iSUzmpwNmr0MiILrBlW-2BZ0Y-2FdteNVSAg4wR5ioGiCnSsbe-2FgvTwvJ2bu7i=
3JWYsX8PaK3Qt-2BsJfcdfiPFW3fSLXvmfTynHjrXdP6yf2k6WKzZ-2BJk4MYhdcWZ3e1ZeGtvr=
4tVlFYgUK-2FTvqUUdXO4xrYaiQs6srwlecLEJRpJdpPrW0sa3OqDViFZlYYdF7Cpklzg-2FN5d=
wfVmLd3DG4oH05Ej5-2FJTi-2Br5HkqXwbK-2B2brTOTdQ1mU3cJBIR1xtZkZWFU1k4V411qgm6=
EI2pG1cV3iVGW5jrjK9nPGjJQAwRdBzYXN1kCng8PQE-2FSzy2ywMczJLynqCSFnjKbGKmfH6w0=
fqr1U-2Fsa2eJ8zFujg-3D" universal=3D"true"> <img align=3D"center" alt=3D"" =
src=3D"https://img.pitchbook.com/news/72743.png" style=3D"border: none; wid=
th: 100%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                            </tr>
                           </tbody>
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                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
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                        <tr>
                         <td style=3D"padding: 0;"></td>
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                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
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                  </table></td>
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               </tbody>
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            </tr>
           </tbody>
          </table></td>
        </tr> =20
        <tr>
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