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The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters Mapping PE stocks' horrible month; AI startup-to-startup M&A outpaces the norm; scrutiny on Blue Owl expands to rest of private credit February 27, 2026 | Read online | Manage your subscription The D [...] Content analysis details: (2.6 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 1.1 RCVD_IN_VALIDITY_CERTIFIED_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. [159.183.175.69 listed in sa-trusted.bondedsender.org] 2.5 RCVD_IN_MSPIKE_L3 RBL: Low reputation (-3) [159.183.175.69 listed in bl.mailspike.net] 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. 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} .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> Mappin= g PE stocks' horrible month; AI startup-to-startup M&A outpaces the nor= m; scrutiny on Blue Owl expands to rest of private credit </span></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; 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font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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margin: 0px; border: 0px; display: blo= ck; width: 100%; height: auto;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" 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>Lay= offs due to AI aren't the future, they're right now.</b> Block, the parent = company of Square, reduced its staff by nearly half yesterday, and its CEO = thinks most companies will soon follow suit. Our recent research looks at <= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXIXdXGZNUE5lo1Optco-2BfZ2u80jowAO-2FD= 9OttphRaGRQ-3D-3DguEv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2Bdy= lS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNe= T4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lf= K55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Ptqj-2BIgfH7tVWUyaDUaZ9PmpqpkltkPOanGdf= sb1ZEShAwRuNzFbBsc-2F-2BQXeRww0ek9OMkpSLI-2BVmYzHnkrPz6fnJuMRtz9CiyuFx-2F8s= LBvu-2BaH7tMACLgYjBe0XfCZaeN8lWUnccDIUgiN6YTNCUwtjtK-2FHgZNttuYm6cHat7F5Ba5= Js7-2BU2V9PTVypKH0Gv0TCkxx8WtGRN80kA1RnhXhPO78EoDaI4euk3BRtFDlor9Cukbqdos1W= ocUEg6l2d74-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>h= ow VC money is surging into tools that can replace workers</b></a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_578039" id=3D"n_578039" 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;"> Q&A: Francisco Partners on= the software sell-off </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXIXdXGZNUE5lo1Optco-2BfZfFG4dAv5G= 0icIgwRE2n-2B7g-3D-3D0I6R_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-= 2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6io= sTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5= v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Pto2Z5GBkQ-2B-2B9kvAmLhD65t6MVJpAP-= 2BY2weRK6tME6hsvQGE-2FX-2FCHqO1UgDk6DpxOh6DrEgKJMqoJ1hL4BOOfWn1xoclMkkK10Mh= YmooL-2BvTGChjJet8cmZVgAkuOqZmvYnZTWErfHy5aTwEPeVk0iABnDtQwTwd-2BBu2-2BXQ7J= BWUBaitd5GgDz-2BGJ7qQmrMoRPCEGG1lY3yuEoEcHX5g-2Bi-2F9Oh25rFvOfRElrFpxrCAviU= 2dL6qFH-2FYrTlTV4-2Frc86M-3D" universal=3D"true"> <img align=3D"center" alt= =3D"" src=3D"https://img.pitchbook.com/news/72975.jpg" style=3D"border: non= e; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">Dipanjan "DJ" De= b</td> </tr> </tbody> </table></td> </tr> </tbody> </table><i>By Rod James, Senior Private Equit= y Editor</i><br><br> It's been a chaotic February for investors i= n the software space.<br><br> The first week of the month saw a steep sell= -off in tech stocks, driven by fears that AI could disrupt SaaS companies, = a popular and profitable play for PE firms.<br><br> Dipanjan "DJ" Deb co-founded Francisco Partn= ers in 1999. Today, he leads a $45 billion private equity and credit invest= ment firm focused on technology- and tech-enabled services companies. It's = known for doing complex middle-market deals, including carveouts and take-p= rivates.<br><br> Deb spoke with PitchBook about the significa= nce of the sell-off, the opportunities it has brought, and how to navigate = the AI boom.<br><br><b>How are you thinking about the threat of AI in relat= ion to your portfolio?</b><br><br> We've been preparing our portfolio since Cha= tGPT came out. Just because the stock market reacted [three] weeks ago, it = doesn't mean anything has fundamentally changed.<br><br> People don't like change because it requires= effort. Customers want to use their incumbent vendor, but they want the ve= ndor to do better, to give them more tools and provide more value.<br><br><= b>Is the reset in software valuations an opportunity for your credit busine= ss?</b><br><br> I think there should be. Most of what we do = is direct origination, but we often buy loans trading at a discount.<br><br= > We're definitely seeing opportunities to buy= loans just because people are afraid. What you need to be able to do is no= t worry about the pricing at a moment in time. If you hold it to maturity, = almost unequivocally, you're going to get par back.<br><br><b>You describe = Francisco as a second- or third-order technology investor. How do you chart= that course when AI is growing at such a furious pace?</b><br><br> They are losing tons of money. I don't know = which of these LLM models will win, but history suggests not all of them ca= n. Netscape was the first portal to the web, and Netscape no longer exists.= <br><br> We have to figure out the implications of th= is technology for everything else in the ecosystem, and what is likely to g= et stronger. We're not in the Anthropics and OpenAIs, which can have huge r= eturns. We're in a consistent, steady-as-she-goes business.</td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzXIXdXGZNUE5lo1Optco-2BfZfFG4dAv5G0icIgwRE2n-2B7g-3D= -3DSLLW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugC= RtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2= BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY= 0RRKKI90a0faMrvtUFZGg9PtqZI-2F-2FqTdw3RQztJyHbIsEmf9zxVHesKzOYZmmHrELDpaBSi= Pw-2BJuUxbb10nk9jAWZbm9zwb76tzICYYk5Htg600bSh8jt1iq3T-2FW-2FsS9dfwEUJnkauIF= hL6FvxzRavyW-2F6TnZzp5SgIfYswK0y0n6mvm7RXpVrLQWeNz-2BYbZon-2Bg3kWBq0zu14OWg= A7o-2Bwov31dJLH2YUwZ36DxeoEZ11TMJwoBO0N0o-2FCZ94DpXaHSXM8NgwlqRcvANg4HmACnn= o-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; tex= t-decoration: none; color: black; padding-left: 3px" target=3D"_blank" univ= ersal=3D"true">Read the full Q&A<img height=3D"24" src=3D"https://fonts= .pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middle;= margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXrUZw2IpFQV8A1= Zkc4daHF3rqHbsLxyg6mLmTo2nGT9g-3D-3DBMow_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5Tbc= Wgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLz= FoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzl= hCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtqvxbHictZslLzfFY8T= 7POEgpzSkjrBflBo-2B0dmBj021t9ulwFollr-2FlzpBVl0C1ORYmoINFRCQzJhQ9R-2B-2BSfQ= mcwUMS8bRFNsbTJKNZrZHLjAlvZMmcr6bCuVUyDGEDYE8DCA9byKDa-2FVs8tf-2B3zaCop8yNR= UU8BJkQnzJgCZG5jVfrKb8Xli6SM-2FMsZh9e5R9WIhAvT7NQnGIMeh6a5AC-2FWxaRGKVm44gO= TXKuDI7I8H-2Fx790HFpNEf-2BLNp3SIKk-3D" style=3D"color: #1D5080;" test=3D"" = universal=3D"true">2025 Annual US PE Breakdown</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>Anthropic's acquisition of Vercept underscores the explosion of AI s= tartup-to-startup M&A</b>, which accounted for 38% of M&A deals in = the sector globally last year. <b><a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXr= UZw2IpFQV8A1Zkc4daHFekNWpXKZx-2Fa-2Bry2-2BfklG0w-3D-3Dx22L_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPho= YhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4= ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvS= jVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Pt= odSTj78i4WZ31Rjlf1iO0MEqSHIAFEZjspQin75A-2BoUnE-2FgJDLfbghwnhfVOuqXTXIg-2Fb= gWV0v2lYhstNtM20t78aDpWZMOZAxm-2B1q4e7TQo-2BBPZ-2BRQTI-2FpARj-2B6sUe-2FNOkq= rqda6o3HY3xmbrGRlPS6xIRY1BlNr73rf7uIR-2FgRap68I-2Bqt3K6LvH6-2FCIxNyqorK59w-= 2BlvosjpYNIzF-2FEFmTJsPPftKyQzz0yJlRxYTAkqnHEfjt5yRWu7nh1h0g-3D" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">Find out more</a></b><br><br> =E2=80=A2 <b>The gap between European and No= rth American VC returns</b> is widening as slower dealmaking and exits drag= Europe further behind. <a href=3D"https://url6380.news.pitchbook.com/uni/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXrUZw2IpFQV8= A1Zkc4daHFOIclM4Dpzvrin8pixUTmEg-3D-3Du3_l_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5T= bcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8Es= LzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSq= zlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtpoCmYYtC-2BN-2FU= FaA4pPYHFKQdKO-2BbHNNlqb44mN-2FmqqwrQxApVSpCkD2QNIpwXmOvGDvwIFVuDUYh16hhD5p= 4OG4AZH2rqgN84Qlnhgnlp-2B65sugX0Sy8cBw-2BtCd6iECbpdNrrIdKIdwVUHiYim-2FgWLNY= cGQxtO0SZX0dWW5HcDByOU7MlRvBfc4Jh116kf8UCq5wIx0czs4JQ-2BuegU6JX3TOXhZskH1CA= vB7t2ShExx8xknx3CbxdijpYn4rK-2BJ9U-3D" style=3D"color: #1D5080;" test=3D"" = universal=3D"true"><b>Read more</b></a><br><br> =E2=80=A2 <b>Private credit is the talk of t= he market, but not for the reasons</b> its boosters would want. Blue Owl's = recent actions have drawn scrutiny of the asset class=E2=80=94and highlight= ed concerns for individual investors. <b><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzXrUZw2IpFQV8A1Zkc4daHFj1ZApCZndklbGjxGVsjyTg-3D-3DIXR5_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPh= oYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR= 4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3Vv= SjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9P= tod-2BKxsKtxAqVo23rwhC9-2BsWr8jqFDyeCQhWZzBubx6OfhLzOakmM3kxV0WEfH0BD2rKkoU= Wu9vuXa0a42fnRFrvgjhYuLpKL17JcVWhuI8D0TO-2F1qd-2FpzZil-2FWCZMa9e-2F7nwDZMVw= 3XDHhiNGr36wGK3RV61lo5R-2BPGiMKGv-2FAgK7d2vJCwvlDgD4TAjzlwEaQuPgjFqKJaIde2v= pvq3fME61NO9hUso1gBfLVxw-2Bog0rae04f5lznOBSvfzIqk40-3D" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">Go deeper</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" 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_578042" id=3D"n_578042" 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;"> Mapping PE stocks' horrible Fe= bruary </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 = Jacob Robbins, Jordan Rubio and Rod James, PitchBook News</i><br><br> It=E2=80=99s been a rollercoaster ride for t= he stocks of some of the world=E2=80=99s biggest PE firms.<br><br> Since Feb. 1, the shares of Ares, Blackstone= , BlackRock, Apollo Global Management and The Carlyle Group declined on ave= rage by more than 16%, while the S&P 500 Index was relatively flat.<br>= <br> Driving these companies down, analysts say, = are fears of an overheated credit market and of AI upending the SaaS market= .<br><br> "The private credit scare trade=E2=80=94much= like and in tandem with the AI scare trade=E2=80=94has really walloped the= group this past month," said Greggory Warren, senior equity analyst at Mor= ningstar.</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-2BaqM7ONnvsnswouzXrUZw2IpFQV8A1Zkc4daHFoZUq5t3Fm= 6v7l6xyiiBLrQ-3D-3DNsA8_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2B= dylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosT= NeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2= lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtoOn5Hq-2BkNQZyaNti5ddhcUcIpA36ahL-2= BdLW5fxOAN8MuslGK15PV6nAei53q6NkRPok2M5pqCLLTMeJvZrZMCedZF5Zi-2BKhIbxYolEqy= EvlJ2aE-2FMXqGyfFTIjYJZsa0-2BhWKO7Nb3m3Pt-2F3ufTaXOkEHIt-2FqlQeZiYMP8eQYVDO= LL7VlaV8iWQAR4q5KWClKdKeGTtopz6zQJXyn7kmGlG174mwpdiFvFVo2Jdr0RkhFlLJBxQacJZ= JZBI4l60W14-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"h= ttps://img.pitchbook.com/news/72981.png" style=3D"border: none; width: 100%= ; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Invest= ors have been spooked since Blue Owl began restricting withdrawals from one= of its private credit funds, sparking broader concerns about liquidity acc= ess. That has been coupled with fears that AI will weaken the SaaS portfoli= os of several firms.<br><br> Firms with greater exposure to private credi= t, such as Ares and Blue Owl, have been hit the most, with their stocks dow= n 29% and 26.7% YTD.<br><br> New tariffs imposed by the Trump administrat= ion Monday were another bump in the road for publicly listed PE firms, caug= ht up in a broader market sell-off triggered by fresh uncertainty linked to= the Supreme Court's ruling and the president's workaround.<br><br> Some US PE executives have expressed frustra= tion about the damage that tariffs, a flagship policy of the second Trump a= dministration, have done to business sentiment, though their concerns remai= n largely private for now.<br><br> Stock prices of the major listed PE firms ro= se after the president's inauguration but haven't hit that height since.<br= ><br> "These are macro-exposed names," said John B= arnidge, an equity research analyst at Piper Sandler covering KKR, Apollo a= nd Brookfield. "You're just seeing all of these things coming together, cau= sing a lot of market volatility."</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzXrUZw2IpFQV8A1Zkc4daHFoZUq5t3Fm6v7l6xyiiBLrQ-3D-3D9= 2Sg_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52= gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtew= IdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2Bkfn= Bj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRK= KI90a0faMrvtUFZGg9PtqwrzC9YdjG81AREiDfwyyqkOPeFg7T40-2FX4weC-2BYhS6UyFAvSSC= 4Gm97FTzyZMrsa7VTUUd-2BZI3wdUZAEQh6mEyqweomKegYHPiWXC34-2BryJkvPhJ4iMoE1jiP= 0ZYz1gmNMdEYkqZcD-2FUJL-2BsTO-2BW9EtmbeZy56jSL0Ao2KfQkH2vxdUIOZHBp-2Fh6W8dE= cs6IT84FQcZP0yLTlSga6lcNRxY7Q030NoW8vwzxMSzlWaxjGuD39G8lBLBSiD5qME4s-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= "true">Share this story<img height=3D"24" src=3D"https://fonts.pitchbook.co= m/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-left:= 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXrUZw2IpFQV8A1= Zkc4daHFcoHfFHpo-2Fp2Xe1NAovANcw-3D-3DH1fI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5T= bcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8Es= LzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSq= zlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Ptpy3taG0c1PG8Sugr= bodzYP-2F-2FQIguat4iGAl8Ur54jU8pXlhR1nz2WvmvJIYZxuMRih56Lwa4nDm6Lzgi-2F3aNg= 2juSjmwq5Jt0lXRrg-2BxugYDJGst-2Bdx-2FwKsTEVDbkldsw21C0DiY1eYivatMaZJ9CiK7b6= XvnTvtUOpV2fiNZr5eTpobTEg4QtpdGgIF9-2F26X9wC-2B2OmH0WfP-2BWNn7N6-2FW1-2Fuy5= 0o0IvrCsbF1vjqgPrQ0oP4s0z6fyaJyNxldwfw-3D" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">Q1 2026 PitchBook Analyst Note: Private Equity's E= xposure to the Software Reckoning</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>Anxiety around the job market i= s causing Bain and McKinsey to start recruiting early.</b> To catch up with= the adjusted schedules of investment banks and get top talent, the firms a= re already looking for college interns for summer 2027. [<a href=3D"https:/= /url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzXrUZw2IpFQV8A1Zkc4daHFyO6-2FES8g4rkRqml2aOn7zQ-3D-3D4jzs_I= 3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQ= o0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl= 24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vl= P5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a= 0faMrvtUFZGg9PtpxRM-2BXupwZohqhdMcuYFHBvqzrbrfEbrGvHqVN06GwWsLw48Knp9uo8TMh= G9Yzv8o6EBb9vDKhcu-2Fv8axkOLXTmGGHBf7-2Bks7XDPfLDn1z4eoo-2FwnUERS59L-2BTCli= YKzE4fk7mn4SVw7e3OZ5lyQetyLJWTmsJW9p2CdeT4evaxlOqVi3DyfHySqud6uYvptQIsAikBs= em63fOgySDW-2BYIL6R8TzD4yX-2BS17zNPczBPW7QlqT0M8FpnO-2BPCME1-2FYY-3D" style= =3D"color: #1D5080;" test=3D"">Bloomberg</a>]<br><br> =E2=80=A2 <b>Having been the first to crack = retail PE</b>, Switzerland's Partners Group is now being outflanked on its = own turf as US giants muscle into the market it pioneered. [<a href=3D"http= s://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzXrUZw2IpFQV8A1Zkc4daHF7hVT7s57wCE-2BoFKQczIW0w-3D-3DVcu= f_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gC= vdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewId= mTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj= 6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI= 90a0faMrvtUFZGg9PtrSK25QvAE86GuOAVJT714mPnMcQNgsq-2FH8IA0FyFdwtWschgy0dLf4b= c72fDaQFcg0lmH4qrVnbQN57WGwxtYLVfQDVchTDH-2F6-2BV-2FkxCyMMgiv1NWNPO3BbZW1Bp= -2BNlDdz5dcDxptWtMlgsP3eVon2wF-2BT6qippDUuBCAMgk7c24VYeto8tYgEIyYMrmXAmmd8e= 2QGxoSRZBt3tuscIC4kUtI0GFSRVNUtFhPMSLYXeWk5tuj8W1WEIi9aiFJTLiI-3D" style=3D= "color: #1D5080;" test=3D"">Financial Times</a>]<br><br> =E2=80=A2 <b>For the first time in over thre= e years, the US mortgage rate is below 6%,</b> but the drop is likely tempo= rary and won't have a lasting impact as supply constraints impact the housi= ng market. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXrUZw2IpFQV8A1Zkc4daHFFjWoWG= YjOUBa2iahBhammQ-3D-3Dkvme_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1= yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9= -2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6i= osTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa= 5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtqIosLsRr9bF5pF0JdPz2Oh5QPfuLS6t1= w1gJ-2Btxs0R1njNIe-2Bf3o6S2xHU9sVcU-2BzImhIO-2B-2BuzedRnovxeW8zPciOUvfaWC0N= J6nXlYPnz46H6PTcT6-2FF1BLSlC9bmi23xPXELKFGZDsRX312G9XuDs-2FZcZhRKxJB4LLC2S-= 2BwJpIEytLGcTtGqkETCXKc5JVbpGIreu3nA7a2kXSOWBhMu1cehOY7eAu67lOkzXOEjiRfEt-2= BZmxpcXLhn0huUMh2I-3D" style=3D"color: #1D5080;" test=3D"">Reuters</a>]</td= > </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " 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sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 822 </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;"> 3104 </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;"> 1176 </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;"> 29 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding-bottom: = 13.3px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVINp-2FJyMX0Ta1yPhS3Ex0a-2FK2o9-2F63oGbhYZfGRbD6Eg-3D= -3Du53I_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= Fa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugC= RtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2= BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY= 0RRKKI90a0faMrvtUFZGg9Ptpfan4B0zarJ6mFygc5-2F1XLIUMkmuPMcdB2eddn6Y-2FSfuRV5= ZqP6oQWzMngwpynCDZTX7lWSkOzLJgCyjWIxUeGGGvZPstU2YlQf225PUGCSVyec5QfIsme7qny= mfUHguZztFM0cBJ64Emh4G8e4WRPmSq2IruP-2Be-2FztXihCh3v0t68SfY9fxqikZSbhqz0uHM= hZXvWBZKOH1iO8NU7fNpVxt9-2Be0rDwACUTX865z1CnC7UDIhp82kF8YtXxARl0kg-3D" targ= et=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px;"> R= equest a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_578041" id=3D"n_578041" 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 VC Funds </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table cellpadding=3D"0" cellspacing=3D"0" lang= =3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: = 10px; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Median IRR</td> </tr> <tr> <td style=3D"padding: 0 0 20px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 70.06335797254486%; mi= n-width: 70.06335797254486%; max-width: 70.06335797254486%; 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">13.27%</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">18.94%</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;"> 0.40x </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= swouzVINp-2FJyMX0Ta1yPhS3Ex0avkrB0eoUgVeb42vWRjJxUg-3D-3DQJux_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChD= PhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0f= fR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3= VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg= 9PtrOm500kM85BrHs8SL6cxMkWFvRjiWzRYyyPA-2FDE9VPco7JX3ZzMoONPuM-2FkIN58g7qKm= gqCbIhzUd0b6pqeW2GG4E98jyIobY-2FYgOmucbQgo05zYCinKmhkrGXjTNWyH3dpvmRfTx-2Bv= GjLohfvqqcJ0nZxFFjW-2Fd04GnGp5kfMNSfpjdYs-2BHT2-2FeccAOGbnxnw9rvtUpDwe-2Bp6= ewEfkcPxt3Xg11tNlNF-2BI28MTPE1vbO4Iluopfw2l3AD5NIJIB4-3D" style=3D"font-siz= e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Frazier Lif= e Sciences IX </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= swouzVINp-2FJyMX0Ta1yPhS3Ex0aDk9ALoLywa6kjMf8IFEt1w-3D-3DE_VE_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChD= PhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0f= fR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3= VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg= 9Pto53OKR9b-2Bkokb7wmxDvMohGitpF2Tkyk6C3nB-2BctlsZDCgUIgBVaiWQZ6TKfWmVnV62Z= ndr3sUFfAD0WEoqiGSkeY8wORc6hfrDtJLk5yhruZw8pDndTPlcACGEMXscClqY2VKHa3iiiW5E= DE8cdFpmS7Eq5X-2FrMqc-2B-2BdM58c1oaagb7HQwACAIX3nJOV0R76Q0WEQ21sw4KzYHWEQCC= PmpBKT4MgjfcKAvzXvqwZbZqhtiHEvHt3SqPm9d-2BdexKg-3D" style=3D"font-size: 14p= x; line-height: 24px; color: #1D5080;" universal=3D"true">Marathon VC Fund = I </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= swouzVINp-2FJyMX0Ta1yPhS3Ex0aAog7vPXprNux4n4H8yEk7g-3D-3Dp2W0_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChD= PhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0f= fR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3= VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg= 9Ptrfh2qM1JlpSbe-2FH5bEWG9c3El1nnLhNoi5FbG3r9IdfNTeF19wMzAqj1FHpO9yFWGXreL-= 2FZmaiJzyn-2F3r5NiPPDTKXGbX296QyekEWf8CClF0y-2Fyae7MVzbU9W3gl-2BiFAiUOKSPTk= Cn8qQoxf4ura5Fo6K0JynMwkihXdE8Y6e-2BD00NFRwKbKJ7B812Klq63Cmdp9D9xtT9orZvkTL= J6oLNSu9Nil2HJ-2FsYn-2FCO-2FNzTf0yv-2FLsJ9ACMgTfMd6W-2Fgg-3D" style=3D"font= -size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Alta Pa= rtners NextGen Fund I </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-2BaqM7ONnvsnswouzVINp-2FJyMX0Ta1yPhS3Ex0aqLXu= bjmXmmydqB125mkzyQ-3D-3D2Cjh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3= t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bb= p9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A= 6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYR= Fa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtqDEMF-2F4ig-2BYXaqSihLIE2YlIYN= 5szn-2FGhIbcFb2h6bpwXIns9UZ-2Bd0HZNPyxXd4hHeY-2Be8BLIu4ql8wD5ejq7ocPjq1cSQD= qxJ1Zi9gLr0jMj11wLOijUHIAlvXCum83r7aXnKU1M0hpz60e4avsBxqDohGA2CHIgyUQaFx2mO= WUwY1lAZ4d6p6f3DcbN6LMv9WNzjo2-2Bf-2FFHNpED5QHeAfRGjFSiM9FP-2FOwcNTuo6aJr2Y= nsCB5yZjMyc2Tst9eE-3D" style=3D"font-family: Roboto, Arial, sans-serif; col= or: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" univers= al=3D"true">56 Funds in Benchmark =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-2BaqM7ONnvsnswouzVINp-2F= JyMX0Ta1yPhS3Ex0apI1q4KZZlLE9lhaL7Ow85w-3D-3DEl46_I3w5d9c01gkD8gLzFEofZR-2B= h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSsp= HzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOG= E69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZ= X3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Ptph8SV77JS= 7R02hBbbBoIlwWwMjY30JdpO-2Bs4kdZCVVFIqmTqDniDW6RPj3itaxMKcL8w8J9cmhr-2BvMAm= d-2BcYPGfVeZFxoBb3KifJ2t6X5xRluf8qRjvOjpJPLVx7ljKddBcS-2FYGSq2hozBKPy1zFtDP= xUfFFQWOI0ACd0ADVi9T3Aus-2FHzQ1zO1UgSinxA91koK5L4qi1Wx1PXA7wptGT6YQ7wkchcRP= K47Q-2F94c0rlG4iTt8tJxEOT9oT1fG02qE-3D" style=3D"color: #1D5080;" test=3D""= universal=3D"true">PitchBook Benchmarks</a></b><br> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVINp-2FJyMX0Ta1yPhS3Ex0aq-2FS08-2FpuQXvsQW3-2BPPFM9w-= 3D-3D3kuP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAju= gCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf= -2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6= mY0RRKKI90a0faMrvtUFZGg9Ptq-2FuACIWP1t0jcQGI2HV1RcYfpntPwzwVGdTliEpyw7ZY9I-= 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</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">Fintec= h startup <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVINp-2FJyMX0Ta1yPhS3Ex0= akgcLGTf0Rc7KHY7ZFFfRsg-3D-3DQu3G_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wH= J-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3y= C0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-= 2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtrKkya95zCEu1awfOhSf88t19B= A3tEEcVFFhRm-2B-2FREV-2BM-2BJ50wxm7his10y6GtQKcqQFqmFfPolij3awT5NV6kxND4WA3= UZKIsugc0VHurqYw5yvjJV8oc-2Bq4np62G5feuzaUngrbnXYB5yAo40jEjO2JNeOge1apXs1qH= WkrK-2F0LYDZOMwLcXZBLJbzTzX3h4kSBuY3RT0TGYFO2Dxf6rQ3oGZXYx9w1xkL36bzASmTnKJ= xDB0ClQoWmNKDAi6BZQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">Plaid</a></b> reached an $8 billion valuation in a new funding round as= a part of an employee share sale, Bloomberg reported.<br><br> Hardware testing platform developer <b><a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVINp-2FJyMX0Ta1yPhS3Ex0auLqrjL8fFN-2BBewi= gXIaJTQ-3D-3Dvcv-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50= T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6= M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n= -2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtoN5WoZazOOSAXdUMiZf2G2N6KT13jvlv74Lfojras= LkxcSk-2F78du3P7hmyr-2Fhtj-2BMb7wcWCnMUlIVem4aVDXPmA5NsZ00qj7Jv8rWhoyDLwN-2= B8iGPfS5wUXEpjYesnlPFqbW-2F95orn3seeiUg5igratmBrjHy1br0gut0NQWgGwLxPt1V2lOX= ByUwm41N6CyfPeQArjIPwXP1BtfvT9D08nFTb2i9XfMFaB3JOy5N0KZzJlJWGBEXR56r0DiDSEK= w-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Revel</a></b> = secured a $150 million Series B led by <a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzVINp-2FJyMX0Ta1yPhS3Ex0amOsB95bnaC10mj4A7X5ZFQ-3D-3Dv6pi_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPh= oYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR= 4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3Vv= SjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9P= tpMxsatL9nU0IazYOHjBfSphgAXR3yBadyRDr1mNhRAYZmgWvb-2Fb0tPlklxeztdt7xczeYbBO= 6akb9HOHQQdIebyXheLnOKYyVXXMR0nLKJ-2BnJ79T5tvKorE6nIhUO5H471PMXIEOr6hU5Sfp2= fWA8Hj44h3CgGws0ybZF7rrNx0v5k3o5V5n-2FM3wzAEjdY8N1A3yd-2BmDM1wlGhLQaG59pzB3= n3EPslPk72RIHxPqs1hjpk3oYWq4-2FdgyifMrjHi-2FE-3D" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Index Ventures</a>.<br><br><b><a href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzXlQGQXHEua9Q-2Fmnbl1X-2FrwQ80VgQ8e-2FgO5ZzwW9TsXAA-= 3D-3DheFi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAju= gCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf= -2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6= mY0RRKKI90a0faMrvtUFZGg9PtoWCPjenCgLe0Bv3HsVlf0u3q6rf-2FOiAYsImx4F8w4NiufJd= C3symPUAQvYkzEwpo3Kspvof9l5gpmf9CjpruEisN8Fb5IJtz5L7rrCTqLqk4lOZu6lfL9rMehu= Azz8IfRdUTYYgXY9C1NCLcxi1orSWx4dglbWsCcvrFJ6ju7qe9my0k6SyYPUBxahwzTgb5Vt5sG= 7fnaY2VHGvyuI76EXqZiI7tgX1-2F9yIebK9yCtYakL74iR56pkSLcofX8RziE-3D" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">Honest Health</a></b>, a hea= lthcare enablement organization, raised a $140 million round led by <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlQGQXHEua9Q-2Fmnbl1X-2FrwFSGCaXzbQyA76vJDw= x7c7g-3D-3D_AY1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= 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CRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-= 2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6m= Y0RRKKI90a0faMrvtUFZGg9PtpEnzCl-2Fke5R7llaGL0gKJOj966-2FhYSP8H2U-2FFjsNWNR5= o1moqLJJ-2FHveeGhZeJAX6pmTh5QVtP11ukBvnaESfXP9yS7jEWKazqGkrvpf8XXvSnq0cStuA= tTMAVveFgCbElULAsN0IuasqyeDL2-2FAafy71k-2BHFC3d6yhh1nGj-2B16ww6FfBLwPDcPUgE= IdK99-2FdO4LDBnudNHVJupLYyx2CwvzqbIxZ4TZ3dfVOVzDjqlJ4EJ8S-2BmzENlztcn-2BW0C= -2Bo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">VITURE</a><= /b> raised a $100 million round led by <a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzXlQGQXHEua9Q-2Fmnbl1X-2FrwB9TJulIeqvGUXFDjEY9Clg-3D-3Dk2UL_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChD= PhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0f= fR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3= VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg= 9Ptrsn0jdQuUCoSMmPtZ1yEABbaUvEYYxXcB7lBrB4MitHcHqA-2FIEQYKXr-2B7vaINBRFqgx2= AWHwYPGJ86wGDItbLuGXOa3dN1W-2FWrqs0E1wgsxYl2HSZmX2gyVSx3ETjgizqRqSmkmLBKaGI= Tl19vVDIEpB9OevbmAZn-2FRMAseiVPM8moxPx6JfbRnV3Q-2B5Cut3XuPSmQsPn3YhG8hCbt8W= 3lrnwjTAB2KHAUsDmonSQLQrjgtF8rMAlM9TEj17bBrZA-3D" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Legend Capital</a>.<br><br> London-based AI=E2=80=91enabled lettings and= property manager <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlQGQXHEua9Q-2F= mnbl1X-2FrwnrHsDWGGq5AwBIwTuvlgrg-3D-3D0IX-_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5= TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8E= sLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJS= qzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtoyLJrkkT9JjuWb8= 1KG-2FUF2UF1-2BV4mCg5t1I4NNZ0oQ3dMCCwfsYLklkGPBy-2BAocvQZxntbm4e7QuwvXe0dop= fS78FicZv0OXr2EC82PtPXGW05kvQjULq0PmSYAaFxn1TE8ftbfncsKNafmpFfeNRtjCJGbae9-= 2BHubcQ0hWoNMa1d6cyBvIkVwE30HHrryrOXFx2vPeiX86l7CJky08DwgUIgLYI8rI2Qh2-2BSh= q0qp2yuA8oCMbMeY3iL4bGv8Z-2FQ-3D" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">Dwelly</a></b> raised $93 million in a round led by <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlQGQXHEua9Q-2Fmnbl1X-2FrwWFg4UBFG-2FyavJeJ= nO9D9jQ-3D-3DrmPC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50= T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6= M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n= -2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtoDkLHR6QEwgBu7Buoh1c-2FbI05pG73xKawsTaZ4X= aCigm48yfU8sKhzf4jo6c99xCPE8vNEWLeXXmBTX6yCsjHBChckoOEB1n1S9I7NWQi2alpxSKnD= RbV2g7vzbZ6MmfqVcy0ziPRIEyVDn3AfCZHqi635ZQyTbpFrfiXc2jAk75SUgy9w3aQOE6Z-2BG= lkR2-2BYUNfK04M4Ei7zVk-2BVHhsipXgkVBpG75hQ64j-2F-2FZYJLPwOl87Oyn0RkYBzgLOuH= JEs-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">General Cata= lyst</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl= ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlQGQXHEua9Q-2Fm= nbl1X-2Frw5JcYjpuf-2FXMxQ1Ip0xvyrQ-3D-3DWpDR_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB= 5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8= EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJ= SqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Ptp4DqocwctRmGnO= o-2FCfilYKlYKatKhRN-2FIHWVjHxF-2Ft5f7YWg5daKS-2F-2BRVnM0MESmR-2BMpHwokWuo0O= V4Ksu046lxGe-2FEL6BT4qcoTL6J-2FUtDqx1YzNPj0REKX45vVap0mxEEUY6J5VEjX-2B-2BGp= AK-2F5v8odpR6B00S60JgXywt8gBqqO5BQgQ-2BkkSLxrbvcdLuGGH2ZxXmfXS26jObtobsJhjm= mcQNkwbP3UDXUviFkyLbh9fr8NkIL-2BA7aeA-2FAhLXu4-3D" style=3D"color: #1D5080;= " test=3D"" universal=3D"true">Salma Health</a></b>, a startup focused on t= reatment and care for brain health conditions, launched from stealth with a= n $80 million Series A led by <a href=3D"https://url6380.news.pitchbook.com= /uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlQGQX= HEua9Q-2Fmnbl1X-2Frwb6R1zGEst-2BTZUk6nplF-2FiQ-3D-3DW1r__I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYh= putpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4Im= WacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjV= BH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Ptpy= TTNj0xaxZLnBqMzhYxeSwa9e3DjqJ96Zxmj-2FMi-2B-2FgnfxereFqV2hABV7MI4g2fAPoFYkT= N0IppPl51uSU2ATvhj7J2ih2zaOGG2D-2BgFXIbT3OSS36PPjlKIQLmBpyGtcZOhgZ6PRy3435M= 5P5iAO-2B-2FM-2FDri2E95rDDUCeyvJVvVVgQJSbxM2TsP-2F9ngZAz6O438W1P3Hy5LfKczp0= OqagMRK9naQ4HQX3hnSfifI7MAeoXsA47Oowsv-2BCFhQ0Tg-3D" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">Mubadala Capital</a> and <a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzXlQGQXHEua9Q-2Fmnbl1X-2FrwO97XOTXCSAFd-2F6-2FHtv8VGA-= 3D-3D4fLs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAju= gCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf= -2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6= mY0RRKKI90a0faMrvtUFZGg9PtrBDvk63AHTiLdBYAg99p7J69rKY-2Bx4mck8ZXsWb9Y0lTbKW= RwBTRy-2FISIsagwNlCAi-2FTqR33wpvovWlsYNGsytcigNAaCEmPQsPf77Fn21aVi1a5QS-2FI= CPi8sup6-2Bq7leKwHxM0l9n7lGyCFfdp-2BjDDk7ABkgG0pFYL4X1oe0apeB1rshJjnsVopf4N= sqPW5AU6QMgArGQyhMFEmcNhLhH-2FAGJGjTX91-2BhcMwHKGU4qeTAVr4MHruSUPTTErXez0c-= 3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Arch Venture Par= tners</a>.<br><br> Cybersecurity company <b><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzXlQGQXHEua9Q-2Fmnbl1X-2Frwx4LmBeWYf2xMYjkKZdDl1Q-3D-3DP= X1T_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52= gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtew= IdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2Bkfn= Bj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRK= KI90a0faMrvtUFZGg9PtrV8bgyXbLQFfLl-2FeUpCWzVnF7Du3imiDYRMfOhfAainiKkQ9gMjYk= qoGQgfDIDoHTU3cF650p5hoi1oqRfwWYFQWkeen2okfhk8DNqHA9jJZU3uCELYVrAPtX6fSTU7C= jUSqPMKOkjDUSJ2ZiqhrbCBSgM5VrlhXVDzlM0UAI3sm4u7VRRJcr7I-2FfiGb-2B-2FrjWl-2F= kKAn-2FCrNYop-2B0tkIjR27c7mlJotY0po3Ql8P13rqUnuiyEHKuervykbOADzoIU-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">UpGuard</a></b> raised a= $75 million Series C led by <a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgI63lv= gGyrzFsDlPiGfORjyth6hdQAzM6ZTy-2FDnyPuQ-3D-3D3LGX_I3w5d9c01gkD8gLzFEofZR-2B= h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSsp= HzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOG= E69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZ= X3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtoxTZDXxfj= dX5yIZjdGUVoHo86Xfzw-2BEQpJU-2B-2B-2FSOfvGit9epVCKvngPuN7qYju8Wx8UeYkVBvflO= 4kMLnP4adb7KMsaDLbSg2DRSKcOkT6G5VHT5zvCOzrTtmqazu7YXKR5jlod4Y1YuzCccA4XX1Vg= jDynM0WlnBUiTSkHnzUKZcdh4XtMlDAWMMQf6fULt-2BimQBW-2BzGWVQ8azdix1jVVosr8ofhP= 9Fqd1Lm61Um4Ak5z-2BTyXL-2FAzOfCRh-2B3QglM-3D" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">Springcoast Partners</a>.<br><br><b><a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzUgI63lvgGyrzFsDlPiGfORqCPtf12-2FZ8-2BDyPUKU0F7-2B= A-3D-3D8TZ1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPA= jugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAo= vf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioL= d6mY0RRKKI90a0faMrvtUFZGg9PtoFKz7fVmiq8aW64r6lnQrN37j8WT8V42mOHX4RVQIPGX8nt= M4BOBHp-2F6A6vzxLfVItofpcC9DddvhffEhXTtcAEfBi2kObk-2Fx6trN4hP68x3xrB7U8-2FE= 3LDeeY7bpD8mP48waOqy-2BDL8Ct-2BRQod19Qj73nboPhgxrMjGnasDtJM9C-2Frx-2BH5PRKx= kzlVyqQ-2BOzSf-2FYX4q2lZaiHODmrODe0SorMUK7irk2N-2Bn-2Fa8A-2Bb1ijdrg44tvyW-2= FliKhjoFckQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Enco= rd</a></b>, a startup developing software for physical AI data management, = secured a $60 million round led by <a href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU= gI63lvgGyrzFsDlPiGfORxO4X-2BMSBlkqPkWqT7YYIRw-3D-3Dc7Hj_I3w5d9c01gkD8gLzFEo= fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhp= utpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImW= acUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVB= H9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Ptr58= -2F-2B9uzoOS8Ly13TR2yvpNOqmSiEtdQkhnMZIGIBLoIQKKzvRv9bN5EDP-2ByiRonsF9-2Br4= t766jvTewYWauqb4s2qCmS8-2BZxJnOfgREWZq8fx85PS2jtHBeFKp2PjBtuVxdVoHUYmY73GvK= Vd1X-2ByCC26arVyu9MgJp5wYBAE87QxYsNdDfOQglp-2F99lDc51NG9wp0V0coAPdSuHehFEn9= cn-2FKVkV4SSoSi8VMYLFlqKDIZ049Ic4gZFa7zquTcxg-3D" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">Wellington Management</a> at a $500 million v= aluation, The Information reported.<br><br><b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzUgI63lvgGyrzFsDlPiGfORm-2FgbxzR8hTeOhAi8V85Xow-3D-3DeOfL_I3w5d9c0= 1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJz= JtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FB= Nes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3= o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvt= UFZGg9PtoWtVmxJYZIoQbkSdbBpyllDyf8AssrZWdO8Bd-2BqRIw1sCHNyo7UVCh-2BQICbGnvg= c5apK8wQTCwGQ7MP-2FifgxVanJI7Q1c0OMv2eE3Yb-2FGLjYXfd-2BK-2FaSnxLKz-2BvmWGd-= 2F9D3Fi9KObWP6EpJ94c-2BAweSPFYrKQzE7C5b85edoAGLQ7qncMPTa2P2nnMlsThcM6Hsl4iq= 3kqLXHxwErlpuve9D5v9x6etSgqu3hoJUILVZ0MHzxlrnwFDqDzM7JMkvY-3D" style=3D"col= or: #1D5080;" test=3D"" universal=3D"true">SolveAI</a></b>, a London-based = enterprise-native app development startup, secured $50 million from investo= rs including <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgI63lvgGyrzFsDlPiGfORh= EEFh3-2B4mMm1X3mY7RKkmA-3D-3DX4p4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wH= J-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3y= C0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-= 2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtpiXxUtMHEqfA4tcDqpmpzPhMO= qp8ERM1PvUx7OcyMFYgF3H6XNQ1T-2BKTqOsKwdxWsbXDDjVDMsg2SJv0yspoRV5yBj0-2B98rn= FFAdpwyx9Hm83Cnnj7zpegvfPd3X1VyuneOWcy4mAoKnnW-2Fpc-2FosdqWaDlbeyFOkE-2FzC7= Y7McoQAGM-2FF36ngNMBONLMcZCLGA2ClcFJ6RIvDPJPmFs9IrAOwLBiuk6l3nlDLfNdxenSxZF= xwnLOwR6H-2BZkwVy-2FiU0-3D" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Accel</a> and <a href=3D"https://url6380.news.pitchbook.com/uni/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgI63lvgGyrz= FsDlPiGfORM9Xnwz1AVuDHbuY3Dfrygw-3D-3Djyfy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5T= bcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8Es= LzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSq= zlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Ptq6IagFzYgSjC5LwZ= HYFBu0bNlNtfELCKFxwdDAc1vt-2FX2PqG0qpjIAC39fhifm8-2F17ojythg5edF-2Fd8G-2B5h= pe1Rzr5qzTNxZhJUfwmJARXJcrIbxL5RMDVl7cAFhm51r7ojBokyQlgnEp-2B7WuZ5RQT9Qt01N= 0TLSOT9rU1ERbAy1qVAi3C-2FhZ2ISIHl8yIJXN8I67CwdedIL9JVyWq0Ez6vhY6n8emEcrOGSU= fY2yExDdzyuT7tOq64db8yWkfzjM-3D" style=3D"color: #1D5080;" test=3D"" univer= sal=3D"true">GV</a>.<br><br> Defense tech startup <b><a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzUgI63lvgGyrzFsDlPiGfORZ6OeUPmyHYkRb7D-2B6DWIOA-3D-3DFj_R= _I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCv= dQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdm= Tl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6= vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI9= 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font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgI63lvgGyrzFsDlPiGfOR5NTyMNKIp6D3BKPhrjvg= UQ-3D-3D_5_J_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSP= AjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSA= ovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2Fio= Ld6mY0RRKKI90a0faMrvtUFZGg9Ptoj0Oex3luaKkMD6s4N4cv7QU5TWlQnkeJ-2FzBCGwu3jql= 2rJmxF9uWZH57XPNzmY-2BusbTZwcgXxudktKla2IHFSa-2BXNA2Ud7lbzDDCqNhMBoAStxuQVZ= MYy94ExVRLPL7kgFr-2FozEAxa2qGH-2FlZL4z2E7T92rVB09zKcGquU1gIrNNVaBdNskgc3SOP= KV19ZxkZ0ugLFBF7108GZ840EboMHLITcnvh5TPs48KYddfV-2BVChqXAu6JKMLhZcyJWn3Eo-3= D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Investment Corpor= ation of Dubai</a>-owned <a href=3D"https://url6380.news.pitchbook.com/uni/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUgI63lvgGyr= zFsDlPiGfORAcsINtAkdHNvjpyhsOcszg-3D-3DAFym_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5= TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8E= sLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJS= qzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtoeFBeASojKTdSwU= fbKmosjXxiuyyPQdWsQeH9zz6B-2BNsCBsb98YZqJe9v21s9A-2BfWHrEmcGRXarNSaX0tl-2Fd= G-2BkWnRylvADK7eSI05xdI5aGQCOqPQUq3TIRbwFHB-2Fg5DMuK4G-2Fko-2BrnHQosBcafRof= JVKDJrAQIEpithiT56Vo6dMq7sNC7spAlYSMk0bJAsz5ANBEH2SQNfWv0GIkKhQRrJktgAPf3vn= rYM2vM0-2BfTLveAtul2YI6mQr7T4zv7c-3D" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true">Dubai Aerospace Enterprise</a> agreed to buy <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcCn6f3-2FetkW9tdx3uDjFXvP4O4VLgo1CFY4Yh34b= l0g-3D-3DU2I3_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JS= PAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QS= Aovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2Fi= oLd6mY0RRKKI90a0faMrvtUFZGg9Ptqu28x5XNUsp6rC0HKpVo1D5x3QvxMX0d7G3gWA7By0bce= o6dOmrljer1UwxrCQ5bL9X8GZlksnqIoMY4X1pF5F9CQP5IPEB1miOiRMhxg6p6Wbyg-2Bv0QNn= pdwOjvRdSWqGFOLQfLi0X4P6ou-2Fi-2FMChVyAUouUJsqOmP1eQ8mvI3lF9-2FhwZxOtCfZGGt= 4VPYh6vu9oUHIMeoqwj66G1V4pWKN8sBLebfhsODe4YRpoWxqaDCsy5j8IEJZ9H5NiKH0Y-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Macquarie AirFinance= </a></b>, an Ireland-based aircraft leasing company, for an enterprise valu= e of $7 billion.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcCn6f3-2Fet= 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ExmUbyOK7gdkg2oNquPlDNRvUjE-3D" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Shell</a>'s <b>North West Shelf plant</b> in Australia, Bloombe= rg reported.<br><br> Several PE firms are interested in the Saudi= Arabia-based unit of data center company <b><a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzUcCn6f3-2FetkW9tdx3uDjFXWA-2FF3Ah5qnAUH0AuFoPARQ-3D-3Docky_I3w5d9c= 01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJ= zJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2F= BNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb= 3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrv= tUFZGg9PtroSB8PsBY8nUuyZoj-2FISiiza1Vt-2Fj1gDUUKyea6MSbHszOf-2Fs7U-2Ffm8dzE= S9V77P5nhZw1SRhjvQoZyspuKF-2F57lwV4kduCm5Rp6RyM6NA4YsskkynJiLrIp565FRSihTnZ= V7DYkjIZ0u1OqNTKCIqhwU3p64JkxUA5NCwuWEB76RyONvvjdhQo4yYW07JhgelSm5iZ51-2FZq= 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=3D"" universal=3D"true">StateSquare Capital</a> agreed to invest in <b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWcJ2KiQHYWPyFMrZFyFp07rm-2By5RVlBk1YUni= zqEYQdw-3D-3D_b0v_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50= T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6= M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n= -2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtpE0-2Fit-2F3dOpb-2FG6eWMFcArTKF1rFC55pgsN= f9QUxQeF-2FoZFZtcv-2BtXHSkYhVLdw1tPQPjU9fop7TeU-2BZl-2FI-2FY4wMdl9cOawzN91A= DS5i2XbBfaZKzKV-2BrvdIUua7ZFxCMx0PXNbFHXE-2FmKeLFCeZuKtVkJJJrWRKxvYbi87gFZJ= VHo-2FbEySPEieStL9bOqdHP0HLszshcVNAxyFcHjCofQI9zNZNFc76m4LTWMlhVC2EuP-2FwKO= 1wHPPygjsVllYOQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= Advanced Integrated Manufacturing Corp</a></b>, a Singapore-based aerospace= and defense electronics manufacturing services group.<br><br><a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzWcJ2KiQHYWPyFMrZFyFp07jHpscdd4apOql0SaOoectA-3D-3= DgdHf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa= 52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRt= ewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2Bk= fnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0R= RKKI90a0faMrvtUFZGg9PtpQt4qnDoEQQIBqvkcWleHRpBD6F-2BMgwKVmWylV8n3G6Y5f5qlW3= pJnrmEr2-2BIKTWCD-2BB3GIXdTJncT-2FXAa-2B05k-2FtKwK4MRpsCa-2BRGlfRUWiKYayz6x= daLyZ3Y4flHGMKi0izOhzvqj7feV0afPP0cTELwY6GTgkv5-2BxHHTx-2FjBHkJH2AAhY-2F3QM= U2WmzSPtGqbx5KobHj3ecXe2vJHAKIdGQQu6Qe2lwhaoEzqB0MxiI-2BJs0y5U9Siti42y8Wdff= Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Tencent</a> is= in talks to acquire a minority stake in gaming developer <b><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzWcJ2KiQHYWPyFMrZFyFp07ssM8XoMRZ9jQ8WsHvTNMiA-3D-3D= vlEb_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa5= 2gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRte= wIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2Bkf= nBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RR= KKI90a0faMrvtUFZGg9Ptqe9K2t-2ByxsrMznFTu5kU99mEjMme0vxEFmK-2FciR4gr8dmL0aV5= dwaa0WaJ4zo7-2Fm-2FiZxJujQLd9ZJRy-2BDk0P7dEXPucs65gI8VRvlo44u9CW3vLDyCPsuFL= eeg7xyoaz7UyQsJidzjyG5-2B6vYj-2BZUeNssN5tX-2FNKOtQTb-2BhJHl-2F-2F17t1Qy0-2B= Ak-2F6zrSfPiJ4W0SbNUzcCRbbzcgbDJYUfBBttBEJUDH9UTHQBEnqkNHv1-2BqhpXM1df35-2B= KuQjIsVo-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Hungry = Studio</a></b>, 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"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWcJ2KiQHYWPyFMrZFyFp07r5f9m-2FQdie0ok4MWWF= bAOg-3D-3DKYDG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6J= SPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6Q= SAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2F= ioLd6mY0RRKKI90a0faMrvtUFZGg9PtrKAEG6GbIKYOYmziqeB5uicn9pLnosNrxHgxS8dCJL2a= vEKbPIVCAQcR1wRSe7ahYFY5w9aTz5-2Br1-2B8Q52miW3fL8SeFCrxYWHbe3BgPrh8cbfyGxpa= 9-2FSGQQbx457C08umLAkHw80-2FlVCdVq6upxU3D7Ak-2F1frGnApJYDJPrgGR-2FRx7wWoY5O= uqLvyydvvm8aT-2FCPSbm-2FLfw2zpH00iNsKrhADAQimIaVMvrXvFJQOQ0X2wDTdFHVib3PH7d= lAMI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Encap Flatr= ock Midstream</a> is considering a sale of <b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzWcJ2KiQHYWPyFMrZFyFp07TJa-2BqtlJykugGR0G3-2Fc1Jg-3D-3DhB2__I3w5d9= c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgC= JzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2= FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weY= 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N1vwdYMq3ls0s9URfbDZQjfGIpVWapytUSIjEJ4IRkINXeksPoxLLCHV6FHGbeW-2BjgO52Ktgd= gY3ZuM6pxa7ti0RTA8t4xd68XUDb9o0tERiBxVTRxwFnvqjTAIUv8zHhsRWmXAC1GmD1A3RCirM= k13EU2MzVXrtZiC5ZtMd7HrKq5EvizPaeQJXXrl8G7lgD5Yglk9ymnP95Y-3D" style=3D"col= or: #1D5080;" test=3D"" universal=3D"true">OSTTRA Group</a></b>, a London-b= ased trade processing software developer, to six banks, including <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWcJ2KiQHYWPyFMrZFyFp07yqCPc0qe9v6i0izTRgHqy= w-3D-3Dn6EL_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPA= jugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAo= vf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioL= d6mY0RRKKI90a0faMrvtUFZGg9PtrRs4x7LU4ktGNNy9-2BEeWP8V4KR2OeiAKB-2BuXQcWkHo5= -2BE1CoDEMdKNKpor7kMXHIeHEOHx9Z2KVFdGfpYXxSb17MB5rVxuzUAv0V1ETV9L5x1DAvsjQI= 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estate platform develope= r <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIOSZo6LQmMHtdX32ffa675aFiyCGo4kU5= VjXvesmVKw-3D-3Dznsx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd= WeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2Bdyl= S50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT= 4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK= 55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtpiQJx6O1GEfSJ2Y-2FNfURAUDnCgFI13OOSMaX= eZ43uctJNlsvutw0HYHoxs29TR3IuNvL4ru-2F4bPZWnANuqnSchQKGQ2-2FTe-2B-2Fl7cGONR= lgsFfVndjLP-2FXAIPQUpZq0jA6-2FhXcxPVREEJmtVhYD4-2FTly-2FBw4ELHV3B9jAqNTzP8g= Pz3wKeyU-2BKBmjMsIoHoRiWxgYp3XbIbsO476RxYj8rPh73PjviZuLhYXm6uhrX9spMBXIv2ax= r7RhSL5O8h-2BdMc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Habi</a> acquired <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIOSZo6LQmMHtd= X32ffa679zrLep4xqB8S1yl4-2B4d-2BiA-3D-3D0qkV_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB= 5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8= EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJ= SqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtoI-2B5iJJjtPpu= M-2FVWC9axZpQhq5B-2B-2B9rBWvPUlTa7lw7cyMVrKnEEVaPF4ZPN9DW9wABRg1rtugXGFiXfF= eLq5miDcuqDoTZ-2FnH4nuoTuJ-2BDkdTPVm-2BvvnT-2F6pfHeLPV22ckLLeCT9tDFOIkilm2e= 43jZAkVZWVzHQeEVGSnrZV-2FSs7ZagNyEbRuMUEyV4gX4ptPBIf4a5XEqnbmlrWNBv-2F8NfxR= 4GuzQ-2Fu-2BQZ4c1sSBYh1Gp-2Fj-2BORuLIxrJt450a4-3D" style=3D"color: #1D5080;= " test=3D"" universal=3D"true">Pulppo</a></b>, which specializes in real es= tate broker technology and is backed by <a href=3D"https://url6380.news.pit= chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns= wouzVIOSZo6LQmMHtdX32ffa67IWKY1D7IZ1IsWPa82EUCAw-3D-3DR-I1_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPho= YhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4= ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvS= jVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Pt= oTD3pYSQPFN1hg9SAysgfetxq4kCsLCniSeU1rUlV7QexAI-2BrhfHlWxgbV0uLO74BT-2BSiKv= ECRmxIYwieXUeZsTsAs4sdg13p9p1KdCfpZR1Sfj-2BWiyTyqwVKzGUS-2FgOOdTIGBhLG9yNhR= Km-2FewazwhyJ2a55RVVABIzm69t1164K6mcvoXY3yf-2F0rSOoduvUI0-2F5oewkhcDEX9sk1y= mplrAY5ynLmF4KKiobnrrHy1EV4RqWux7sniGq257mQOV0-3D" style=3D"color: #1D5080;= " test=3D"" universal=3D"true">DAAL</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIOSZo6LQmMHtdX32ffa67sopvKex6Tvn5TVgyC= 35uAA-3D-3DfWaH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6= JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6= QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2= FioLd6mY0RRKKI90a0faMrvtUFZGg9Ptqmy-2Fgvr-2FI5-2BGyjVNK35WPYXLQRP9DRC8XWT-2= FMXHCxncOPYHnmejaETwtQ6M-2FxYRPISSZ1X0vRVdjPq7vIcLvPY-2BqWiifGIu68AjuK0sPgQ= U39hYccbgCqCsu5oJuDSA6s7NEnZLolaFrQoc2dOiWI-2B6aEav9gmnA0kPCer6ZeVBp1-2F2Kh= QqZvmfron-2BbLRivJ3WMDPPytr21oTssoqcxoirqVJb9D8T1APTP8I-2F4zL6tPV-2F1-2FXVJ= GQFdbTVtODZt8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Gr= eenbriar Equity Group</a></b> raised $5.4 billion at the first close of its= seventh fund.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIOSZo6LQmM= HtdX32ffa67ftYd3dq7X72VB5MzuZMEww-3D-3D5HPH_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5= TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8E= sLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJS= qzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtpSfhGMnD1DSbrsQ= sB-2BWBUnf71mTYQGWmbW7SYfx1uVXRMTkpOrR-2FSF5JVhZXLTruK15eqMSJxoLKeYUDhwaLdl= -2BZ9VR9ejkt46qflzgZ6VDIRAUpxPvY698hUlQVLiuT8iYumSdkBmKwj5LOvQgcltVDB5qkxtc= Sus8ctoHDXTT9YAdg-2BICGlAr4xqUGChKQoEp3SV1GkGRWkOMYLecS7w4XuNK7NmU0UyYTF16E= fKvp-2FO0NHuqki3bioAxg2QAsk-3D" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Arcmont Asset Management</a></b> closed Capital Solutions Fund = II on =E2=82=AC1.5 billion. The vehicle invests in complex credits, junior = capital and market dislocations.<br><br> London-based <b><a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzVIOSZo6LQmMHtdX32ffa67ISUQhHPVxlWJw3H5c6esyw-3D-3DJTiz_I3w5d9c01= gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJ= tChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBN= es0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o= 3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtU= FZGg9Ptq-2BPVmc1g-2FO2-2F2giuSnZa6i8-2BxaUlNngrfNa9HiSFFqAj-2FrhmgYwihqMYcP= xlvTK5VB2WMGeGjDBeHg6pxU3hf3LsH-2BdxerDLyY1GdAVxepa9LtQIdb4QqH8uAd12r0Op5DD= kLnWNmgXwQSiOJwRSlryqP2DZggLSbxymzBLqoykB4UMdfq1LZfOV6z9NjIutfZpMX8FrqRGeia= YfZX6yZeBb1RxSzuDExDU1PUt7-2FBb6M4ZIM37pVA0ToswqeHcyw-3D" style=3D"color: #= 1D5080;" test=3D"" universal=3D"true">Seraphim Space</a></b> raised more th= an $100 million for its new early-stage fund.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Investors</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table 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-2BaqM7ONnvsnswouzVIOSZo6LQmMHtdX32ffa676soLX4HIZ230Y7yKESZc= rg-3D-3D2SAf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSP= AjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSA= ovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2Fio= Ld6mY0RRKKI90a0faMrvtUFZGg9Pton2Qg6PW8eWs8zur6vcUOEIgnY75FbXlnkCgpCWIGeXPua= 4UFUj2JPp31bRpzzYSjIwXUkp5U0PN59JEBDhCNp-2FcBW78a6S-2FSP36kvt2jeFS3R3Gd2epJ= I9VMx2MViosLiBsRJa42KwST-2Fb-2BOsV519DhClZ7N4ivnurd1Jian-2FgGfGnjBkImBqUNpH= -2FGgvnrS5DzNURcpmKmODqb66ZkM86xOAtAPfuYiyVAW-2BQDCggKakny1bvQvTpvRfhcT2fbs= -3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Victory Capital= </a> made an offer to buy <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIOSZo6= LQmMHtdX32ffa67aauyh4XSun3bbQpSDWMehA-3D-3D7bfY_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHz= LNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE6= 9Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3= QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9PtoWXlefR2ihf= zOzfnobVxH-2BCHh7c8kbcRloWAGtccpSMQBomqlocqGmZUr8DQ164qXtcvnfELMuJorr1Pcugx= hmKkZA7UAHrsVBgGSGhcJ-2FM5ec31S6OP5HG7kgZe5oxuqeLhx4Z1d2jUbEXdgtc9LD-2BHj-2= F08d5Es9uGZoyVEZMKROf3hC4WITRz-2BavT-2Fbm4uRZp-2Fkfz84KcipdvznOsG-2FUwiXksm= P8DSd6aiAPA4BXwGGiL89ZiBm5J4vUsriUyB8-3D" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">Janus Henderson</a></b> at a roughly $16 billion ente= rprise value, topping a previous offer from <a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzVIOSZo6LQmMHtdX32ffa67sm2e1XXKHP4y5bUS9b7aJw-3D-3DBRsS_I3w5d9c01gkD= 8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtCh= DPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0= ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj= 3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZG= g9PtrvULlNKiQv-2BhIQ5pNcuizlSEqbRtH6Hh9rGkxq3yl0MXK4dPk-2FvTB1GPgltZXAkabIF= 0D8Frl4v1lYDEpCaSZdMIVgoENdStecCzeFvx4e85peo9XemIFvomdw9umbu-2BthmulHZOKnB7= PR7ML3H-2BHGC-2BYbgiYEn-2BYfHOUZGgsUJXelEk77qyg3vk8ZuYA6oN-2BQXhFs-2F-2Bnb8= eoqmpOih90ojff9EOWMD1XvknPGWesxqirWD-2BZwliapeSmS38ESbLg-3D" style=3D"color= : #1D5080;" test=3D"" universal=3D"true">Trian Fund Management</a>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Corporate M&A</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVIOSZo6LQmMHtdX32ffa67fLs2QpSRM-2Bsny9oKM7= m4Ig-3D-3DldyV_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6J= SPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6Q= SAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2F= ioLd6mY0RRKKI90a0faMrvtUFZGg9PtovcI3IGKlRGGWIS6nsNaqQAO3rMpu5e5u5t7XF5oJNXO= n-2F616yYKR64TwaCtMFoTKnMKkn-2B6-2FHSQYCvkz1C0GUN-2BE0NWJ9w8rzcuITy-2BL4hxZ= op3fBRY77mGSbxPnVl3zEUReZvrQXUXnOu8BJCvtLSDytcQBRWwwOR2VpdvxnZ2a30oHLnIoYZn= ZwrW68wIdX8TkqS00ulZjNf6jwtEFWb8x142A0Oyje4dViGgzvQ-2BTv-2FGzcavgV8k-2B-2B5= pBEKBY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Netflix</= a> declined to increase its offer to acquire <b><a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzUDnCaX9h6WFlWgEqWZli-2F42KCT6tqRcNUBySBRNUSbmQ-3D-3DZDOg_I3w5d9= c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgC= JzJtChDPhoYhputpSspHzLNB5TbcWgs30wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2= FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weY= b3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMr= vtUFZGg9PtozPtrjEa9ngQAhhjZcqnR9Li2vS0Z95BWnVk-2BG2CKIpFZnFXB2FzrQy9gWL3gP4= Kk1ldsXMg4lpmSTVBmi8PZE6FBlC4cPtymSzFM-2FOTvj31VqeokUZ5C-2F-2F-2B63CBoQuTru= 0HJ6SdCa6iRjJwr4loUZ2TT3MiK-2FMTMm1n5RW7xOFv9BV-2FM-2BmdbgAH0DnvIa1hdQIGS9F= 6caMiv7-2FNBQy6Sqi3Jr-2B8meKrzB3fTI2haAhdwDQTxx-2BjZkf-2BEcLy9Ox7k-3D" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true">Warner Bros Discovery</a= ></b>, leaving <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUDnCaX9h6WFlWgEqWZli-= 2F424940xKVA30lgdydZGzmuQ-3D-3D0iZB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFa52gCvdQo0NgCJzJtChDPhoYhputpSspHzLNB5TbcWgs30= wHJ-2Bbp9-2BdylS50T6JSPAjugCRtewIdmTl24m-2FBNes0ffR4ImWacUHOGE69Q8EsLzFoPyl= 3yC0C5A6iosTNeT4V6M6QSAovf-2BkfnBj6vlP5weYb3o3rj3VvSjVBH9WbbZX3QGJSqzlhCi-2= B-2FRYRFa5v2lfK55n-2FioLd6mY0RRKKI90a0faMrvtUFZGg9Pto9KCb2eZAqWD7VVgiggr9q3= gv-2BcJ-2BD8-2FhgF2z-2BM95b8M074LmADo025Btypu1xKfGdqz0mK0SaC-2FcuRgr1u-2B8W= LQAsZBrjd1pdvb3eHRb3MlyzkMeQL3MZc0kIklD7Qj-2B-2F9rHtTKn9oFj4DYAH6bHxptYOG0o= XupNYq0oY-2FQwF77-2FU4uZsrwSHpELvTB4OzuNrljmcZkK4-2BT8kPZwaExnMlQJZgdEJenvV= s90mBrVTizvUT4t5DYyXsgz-2BY7Y4FWA-3D" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true">Paramount Skydance</a> as the likely winner of the deal w= ith its $31-per-share offer.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; 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