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Date: Fri, 27 Mar 2026 11:12:31 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: Prediction markets: A regulatory gamble
To: most@ponjosonek.com

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2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJ=
Ss1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRF=
bYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSb=
F76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEod0TOIANoqQAN9GVTQqwS52qSAAwyQ=
iKY1PbwwImQCWeMfH55hp8mYphW6hjQp-2FY41jcsNlWCZrBjs0Iv0dY1Jtx3US4MJ-2BHHttcd=
pY-2Bko0HsCT-2BaX3WFpEHT7F2xGZHubzAtvyQCSEn5MeuZtvUTwzI00f9n-2BG0JyoYpHR2o8=
OnqcOl4v3CiBxXTch6SABJiGvVK7o8n2AszuC78nWE1-2BEKh-2B4YQtoa8BZSfWZWy6jzIxhOM=
N0CR7tImpLbE8FFlNrHNtDFMANu-2BVK1Vx9wgy6" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">AI regulatory proposal</a></b>, among others.<br><br>
                               =F0=9F=91=89<b>Where are US leveraged buyout=
 multiples heading in 2026?</b> We=E2=80=99d love to hear your thoughts on =
this and more in PitchBook LCD=E2=80=99s quick US Leveraged Finance Survey.=
 <b><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWz5inbpXRseJVkaZebOJqCjifqlHl4tl3Biy=
0yTGy70A-3D-3DbUeA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7=
ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3P=
h9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjl=
NCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoe0Ki8pxuV4YYL-2FSTOsmi-2FWe6Xd6zksbraEdPeY=
5BdY33TC-2B7Cd6HWeGN1zYaw1rW4Sjqvud-2BYjvt3hcAt0QyLU5aw9sEBZPYb5NUi0bbmQxCU=
uyWDRjUcuNRfZUU7o8w9MqHLj34JiJKrghM-2FlpDLwRS9JAPkRoA1vzEzahZu-2B2QSFdBa943=
voelKmooskE2Ix7f25ofMs6Oir5o-2BdQEIdawpYwsHR-2BhsUQcZ-2FZAeAnsmrHkUsEurKaZg=
u8ed7FacOPOyeCealVPYuETm4RHB0" style=3D"color: #1D5080;" test=3D"">Take par=
t here</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" 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_579095" id=3D"n_579095" 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;"> Legal threats to prediction ma=
rket startups could put billions at risk </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%;
 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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                              <td valign=3D"top">
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ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWz5inbpXRseJVkaZebOJqCS51eVQbg9=
AOWlD4x2BPqeQ-3D-3D5zN2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2G=
G-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinK=
fjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCU=
t0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoc8M2ur4FyRe6o18UjBoPa6WOcMm350j6jeqmb=
18eDyh2PJHJR-2Fc1b3BUINpqVrteBG5AlhwxGWO8f937CrIhV1DLOTHhIWPFunvny4RJHX-2Bo=
hz4o0Euzz-2BqksooEmap9rEjcN80ZOfanZmPVpGYqlUM1B1VSNUR9sHSw4-2FimG99Ad0UjO52=
bW4IDz2QmzaTZsCvrLJerdfUG54jlfpcyZFnFh9tP-2FZWCYuToX-2BZvtg-2FUrtIs3U-2FHJs=
ZTiDWp6EGh3VxodkaRH6J6H5VwlSyG70" universal=3D"true"> <img align=3D"center"=
 alt=3D"" src=3D"https://img.pitchbook.com/news/73473.jpg" style=3D"border:=
 none; width: 100%; height: auto;">  </a></td>
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                              <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">(Samuel Boivin/G=
etty Images)</td>
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                              </table></td>
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                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Michael Bodley, Senior VC Reporter</i><br><br>
                               Arizona this month filed the first-ever crim=
inal charges against prediction market startup Kalshi. Meanwhile, a biparti=
san Senate bill introduced on Monday would ban the sports contracts that ac=
count for roughly 90% of Kalshi's revenue.<br><br>
                               That's putting at risk the billions of dolla=
rs VCs continue to invest in late-stage prediction market startups. The res=
ulting disconnect between the legal risks and ballooning valuations raises =
the question of whether investors are properly pricing in regulatory risk.<=
br><br>
                               Kalshi recently cemented a $22 billion valua=
tion, according to The Wall Street Journal, while Polymarket, its chief riv=
al, is reportedly now eyeing a $20 billion valuation. Pantera Capital in Fe=
bruary led a $75 million round in Novig at a $500 million valuation.<br><br=
>
                               Investors say they're doubling down on predi=
ction markets leaders because the window for companies to capture dominant =
market share is narrowing.<br><br>
                               And these brewing regulatory battles are not=
 dissimilar to what sportsbooks and fantasy sports companies navigated in t=
he mid-2010s, said Bradley Tusk, managing partner at Tusk Venture Partners.=
<br><br>
                               At their peak, DraftKings and FanDuel contro=
lled roughly 90% of the daily fantasy sports market, while facing legal act=
ion in more than a dozen states. Both went on to become far larger as they =
won or settled state lawsuits.<br><br>
                               But today's prediction market startups could=
 have an easier path thanks to a key advocate: the US Commodities and Futur=
es Trading Commission, which recently moved to regulate their contracts as =
derivatives.<br><br>
                               "What you're seeing here right now is a litt=
le bit of political posturing, especially in states where people have reall=
y strong gambling lobbies," a VC who invests in the sector told PitchBook.<=
br><br>
                               Courts, meanwhile, have been split. Kalshi r=
ecently won preliminary relief in New Jersey and Tennessee, but lost in Mas=
sachusetts and Maryland.<br><br>
                               "One thing investors can take some comfort i=
n is that most of those fights are about sports" and not other prediction m=
arket contracts, said Renato Mariotti, a Paul Hastings partner specializing=
 in the sector.<br><br>
                               But what's truly at stake for the companies =
and their investors has yet to come. More recently, the startups have been =
marketing their products to institutional traders, saying they offer new an=
d more precise hedging instruments with tighter spreads than Wall Street ba=
nks offer on derivatives.<br><br>
                               And the amount of money a company can make o=
n institutional trades far eclipses retail revenue streams.</td>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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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-2BaqM7ONnvsnswouzWz5inbpXRseJVk=
aZebOJqC-2FK8cVCNgvGsCy2CYAfgSHw-3D-3DkvHd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu=
2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZ=
wJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYN=
AT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEof5yMoGViPmLouecQEp=
XHJ1wH8IO-2BCkNntpAzP2XOIV5fyzSnhy0zW6EXuL0rUJsAiqkJ9uYMUDGxoxOCvfnT0d-2BsI=
6Fua4HSbgcLMdRMe9zElGuPu9EDmG15gZdr-2FYtYQE0Vzeg4h5octrcCIjMhHrG-2FuhqFRAUn=
LlDZXLeBGlGBDOM2QQ4VY5sFTqqJsB3iNEfSqATcGe0Uv87lzUUmzExfqlB9EfsC2vVeIlWSmWw=
5bNDpUIpYi-2BKVMAHgINgTDC-2Fq6TEnI6yFK5pgcy4PFf" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Fintech: State of the Industry 2026</a></b></t=
d>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
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                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_578895" id=3D"n_578895" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Put your brand in front of the=
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">PitchB=
ook helps companies reach investors, executives, and dealmakers through hig=
h-impact advertising and bespoke research. Partner with our analysts to cre=
ate data-driven content or connect with our audience through targeted place=
ments across newsletters, reports, and PitchBook.com.<br><br>
                               Clear insights. Trusted data. Meaningful rea=
ch.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du00=
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4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7=
GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76y=
BZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEocpR-2FINext6KiNljqi-2FlNljXPiV1l-=
2Fofp7QbUj76bxK3YQT-2BBfxSePe6XOgYF9-2BwuysuCAuvqgac9redKSsRcqxPTPmq9Jow-2B=
hLj362EHysQ4PmbsF4yVVYuD5YdP39DG-2FYvhWjK-2BhzHfseh3wCiYUc5MUxvqCZW9UJi-2Bn=
IkhLI1IUh5Q7olxi5ca0nRtTGMH332r-2FOPqdzGGYDyLN4bzUzRmEdiN7OpnXyMo3Nw4KGglj0=
OaySFNqqW7cBAf-2BzUEeHUCKst6g7YNlSaXV4KmTH" style=3D"color: #1D5080;" test=
=3D"">Explore advertising and custom research opportunities</a></td>
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
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dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">=E2=80=A2 <b>EMed, a =
GLP-1 telehealth startup led by ex-Twitter CEO Linda Yaccarino</b>, has ann=
ounced $200 million in new funding along with its latest claim that its use=
rs=E2=80=99 GLP-1 adherence rate exceeds 90%. <a test style=3D"color: #1D50=
80;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmoZ6byhyuAH83mSggeOg703lar4G9I9xP=
odsyOk-2BWwQ-3D-3D8ecI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG=
-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKf=
jK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt=
0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEofR1Mr0U3lAVcr3K7KC-2FKJiZO71pR1-2BlJP8=
lTRJs-2FmmP0GQQ5FTYin2-2F6qsz7KXmTgHh28E6XNetoKL-2FVzt0vXHrQTulWaoqTR4uDNdR=
frTh1UPiy2IsFVHX4bq2iiE7QkcmDk221V-2FGNxyKHSNBDRolPfuRV9cRfoYIq3V8Nk8tDzhnz=
j-2BKXDrM-2Fhgp7VdzrDxAT6jNxWrYNnT9SaK0Ak6o2kN6NutkS91qge3fmW6aYIE7YIZX1L8W=
T0fyMadRqGgR4pGYYj0VZ17jYCK-2BKxT" universal=3D"true"><b>Read more</b></a> =
<br><br>
                               =E2=80=A2 <b>One LP has canceled a $140 mill=
ion allocation to private credit</b> in light of lower expected returns and=
 concerns about risk. <a test style=3D"color: #1D5080;" href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzVmoZ6byhyuAH83mSggeOg7j184Mvt3MenBzamX8N0jjg-3D-3DxyF1_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnsh=
ftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirw=
Kg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpz=
ACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqY=
YuAbbMhaXEodkz4HhnGWP3glASlBu8ryDyNqOlXuKD2CyMCz-2FO22mmxFu7QDNyrAVLP58cYwZ=
dbOxTnkQ9CmC8B5sfkiKhWmj8xDvx5D-2BDE6c2bT4FjLtjGJW8khh1Nr6pYU5irq0-2FlyY-2B=
2EHURk2uvUyJk-2BSgFEXPd9rbWYxHNMiK-2BJl7m5s7d3qeWiV58nY4Cuq4hudmasX8YFH5Hp-=
2BD52rINns595-2BjLkJqbFeLuoCcPN418LJCMbOf-2FHTw8gJ-2FbX-2FrEO3csnH7aD1dk4Fq=
ZFTYRNgDwq8" universal=3D"true"><b>Full story</b></a> <br><br>
                               =E2=80=A2 <b>The European Investment Fund is=
 launching the continent's largest VC fund-of-funds</b>, targeting commitme=
nts of =E2=82=AC15 billion ($17.3 billion). <a test style=3D"color: #1D5080=
;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmoZ6byhyuAH83mSggeOg7KUA-2FSbu5P43O=
3xL-2FjyWsBQ-3D-3DP1Vj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG=
-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKf=
jK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt=
0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEofZmNjTWcTnyw2A7lq1pg0HfzT2GGVZpZTfOMtF=
5TIM8mSA8maNQGX-2FyPq4558YVXllCXur4yQfBHLF6EUKd2d5nOX8aO163mIaDYdj4eH8CsDjr=
Usl2eoQnmEfPREYztf5Zrtg4Ojo3-2BROYlRq-2FkdVhV95EkktIsudkshni-2Fsjk6tqKBOqjk=
FddG1wSBj-2BI-2B19iSfD617rCHZasxuyUSi5zybGZNfjwNe6BMmJ3V4v-2BgnwpOdl34GsX-2=
BbkP-2B58a62B48sMX-2FeCbjKaA8vCnGXV" universal=3D"true"><b>Read more</b></a=
></td>
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579090" id=3D"n_579090" 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%;=
">
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Alix Earle, Olaplex and Salt &=
amp; Stone: Beauty's active week </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;"><i>By Jessica Hamlin,=
 Senior Funds Columnist</i> <br><br>
                               On Wednesday, celebrity influencer Alix Earl=
e launched her skincare brand, Reale Actives, with backing from Imaginary V=
entures, a consumer-focused firm that has funded some of the trendiest cons=
umer-facing names, including Kim Kardashian's Skims, makeup phenomenon Glos=
sier and day spa chain Bathhouse. <br><br>
                               Images of Earle's chrome and mint bottles of=
 serums and face washes hit social media feeds during a particularly active=
 week for dealmaking in beauty and wellness, a space that could offer a bea=
con of hope amid continued headwinds in the broader consumer sector. <br><b=
r>
                               Yesterday, PE firm Advent International, wit=
h over $100 billion in AUM, sold hair care brand Olaplex Holdings to German=
 consumer goods manufacturer Henkel in a deal valued at $1.4 billion. <br><=
br>
                               On Tuesday, the firm also acquired a majorit=
y stake in body care company Salt &amp; Stone, which makes products such as=
 deodorant and body wash. <br><br>
                               The beauty and wellness deals are a bright s=
pot for a sector that is particularly vulnerable to fluctuations in consume=
r spending power. Already this year, the total deal value of PE deals in th=
e personal, beauty and wellness segment has exceeded last year's total, tha=
nks to the Olaplex deal, according to PitchBook data.</td>
                              </tr>
                              </tbody>
                              </table></td>
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                           </tbody>
                          </table>
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
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g=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100=
%;">
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                              <td valign=3D"top">
                              <table lang=3D"x-image" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" align=3D"center">
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                              <td align=3D"center">
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rder=3D"0" align=3D"center" style=3D"float: none;
 ">
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                              <tr>
                              <td style=3D"text-align: center" align=3D"cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmoZ6byhyuAH83mSggeOg7j8kVJVWgi=
QRYAyBcacvP2Q-3D-3DhZ39_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2G=
G-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinK=
fjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCU=
t0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEocPJbZj-2BT7SOA8YtgVjLEUKqbitT8H-2BmuD=
5SydzYetF-2FnDTsBwjbKwkgJlT2lKcONh15d7iG4LOC4M3gH2UlBRy35xtELnmXdIqjkutylD-=
2FyiSnLRTCa1rsXSrwdaQdx9wabDAo6pmpwwyhaiA3lIziukRHOo-2F8EKNaqaSUJvSE4rbbHPx=
BqifDM40vD0WnBt3mjxT4KkfPl7jWnLqyFzZvnvYiBTA8ts0DQCqs1OpwqG2KuuGeA95Nz6GiPn=
Po47VxgacIKgIwj3T58L-2BzGPGP" universal=3D"true">  <img src=3D"https://img.=
pitchbook.com/news/73474.png" align=3D"center" alt=3D"" style=3D"border: no=
ne; width: 100%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">Still, increasing cos=
ts to consumers have had a dampening effect on the entire sector. From Dece=
mber 2024 to December 2025, the Consumer Price Index rose 2.7%, indicating =
sustained inflation in the US. <br><br>
                               In 2025, while the wider PE market saw a pic=
kup in dealmaking, buyouts in the consumer retail and services sector logge=
d their fourth consecutive year-over-year decline=E2=80=94the product of el=
evated interest rates, inflation and weakened consumer confidence. Total de=
al value landed at $118.2 billion, according to PitchBook's Q4 2025 Consume=
r Retail &amp; Services Report. <br><br>
                               For strategic acquirers, which are typically=
 large consumer-packaged goods companies like Henkel, beauty and wellness b=
rands act as a hedge against some of these challenges, said PitchBook senio=
r ecommerce research analyst Eric Bellomo. <br><br>
                               "Acquiring these brands presents a faster pa=
th to growing revenue than building internally or turning to R&amp;D," Bell=
omo said. "At the same time, the beauty and wellness backdrop remains favor=
able as household income demonstrates resilience despite incremental strain=
 on discretionary spending."</td>
                              </tr>
                              </tbody>
                              </table>
                              <table lang=3D"x-content-area-bottom" cellpad=
ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: =
100%;">
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order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http=
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                              <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-2BaqM7ONnvsnswouzVmoZ6byhyuAH83=
mSggeOg7dSY-2FY9oHBcA-2B8dZLvvD9ZQ-3D-3D4j-N_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Z=
cu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HM=
RZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBs=
YNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodu2rbmrUMyrd8sbK=
HQIb3Lkx1AUpn5-2Br7h6lxUtaqFUHP7JyjgW9H6bdkziJOMthdD1ssJ-2BSykxI-2BUXHkUyJE=
OqrFYXNCyLUt-2FMucBxJIBQq9x-2FYWyIjERDHWTbKU-2Bt2lQXD8BdoeZ4Bbh-2FhZIk3q7Z7=
C9u9M98tXFvgBxvIYR8wRKJp5h56bTB0Grz5ZnIUbRV4k99nZie7-2BvToi2Kyjv1KxTH74SraX=
8Yloy9MfIeYNngTUQtudjCJzCCvIcnh0JZ2sFZrUSqHuTtqzGJOUl" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Q4 2025 Consumer Retail &amp; Services R=
eport</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>The ups and downs of data cente=
rs in rural America.</b> One Louisiana family made a big bet on a taco truc=
k to feed data center workers, but faced challenges along the way. [<a href=
=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzVmoZ6byhyuAH83mSggeOg7SwGgyZ-2BtWrVPy589foY1lw-=
3D-3DmDmd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd=
6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJ=
zR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2=
ompUX2xyDeOqYYuAbbMhaXEoe2kKoaAN2fBP5sRZAAtWrMZmmNspBaRHZ5YTcsBcGGUUt-2Fari=
DRmvzvvjiXw1Elm0eX4BP4C1oX4Mpglxvk2TvetQUe-2BHEbm7YTM2luVuW4q4JoSXX46ARm1K1=
YoyMC4mFeJ-2Fhsiy9EHtsmeoUD4zcJIK1J48JgKFr6fGvofe157vuxfiwYJ8Vo5EYLz3J2Iibg=
spV1cUkzc7lJnKwgliLkfyCzpsQSYxX-2FedWWnEJE0p0SAvU2onxcVedixSpxFSBAZff3h5K8L=
IAK-2Byco8gI" style=3D"color: #1D5080;" test=3D"">Fortune</a>]<br><br>
                               =E2=80=A2 <b>Meet the tech reporters using A=
I to help write stories.</b> What's the value of a human journalist, anyway=
? [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVmoZ6byhyuAH83mSggeOg724QW-2BqfDXwkXb=
PvVyItSVg-3D-3Dsi-S_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B=
7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3=
Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tj=
lNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodpLC0NVysO20-2FW112ezka2HYqnyNSLdwRkPPTCV=
DZKgigjSeTI-2BfzZW19-2FzpM0XASR75pGhebr8ZWEs9igCKI8iea66BwY7OqN-2F6wvgI3aul=
xRPpDrC-2BB5yIdXp6xJHtk74O33jD6tLj-2FRmWapFxWbrjlSYA-2B8dydnEQu5doF8gYBh42Y=
3KZbykxjFNVCNWgy44yXXh-2Fh6ojllPga4WY7NPbUJ8lDA09Y-2B9HEp8UpZ-2BP-2F5Xpj-2F=
xpsZqOZuF84oLlSz6mQi3DumduyXBgAe2Mzb" style=3D"color: #1D5080;" test=3D"">W=
ired</a>]<br><br>
                               =E2=80=A2 <b>A federal judge in San Francisc=
o granted Anthropic's request</b> for a preliminary injunction in its lawsu=
it trying to reverse a Trump administration blacklist. Anthropic sought the=
 injunction to pause those actions while the suit continues. [<a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVmoZ6byhyuAH83mSggeOg74PK5jFLL-2Bccr7qCfLYxm-2FQ-3D-3=
D2i4r_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF=
32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtw=
L7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52=
QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompU=
X2xyDeOqYYuAbbMhaXEoc-2BsB2OXT41qfeNm6kQrYCtzWumq0wmFvKuOG-2FzIVu4hJH5-2FGe=
9UGoOfYR877yJwhocRZEugngAuAcaIqc9E-2FDYO7sjwzFIUpIRDt49fqBQDmkHZ8qG-2BzOJFy=
rvoKTeP8NgbWS3N1UdrGtR8lDeA0mDcyW3eQUv5pWFfWtDvAYJt2KksmSybHRw27YNv1j2PLiNS=
u21MTDs0cFfjpWqYojoA3BZIyxOhJqfnW7p4nA5cPESgsyrfqKjd-2BFoznU8nZhc1jexZO-2Fz=
ySXxcdf3cnlm" style=3D"color: #1D5080;" test=3D"">CNBC</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzVmoZ6byhyuAH83mSggeOg7JKtOgIHMaoCvXs69Ru2y7w-3D-3D_ao=
K_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2=
BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0=
qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBU=
WkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xy=
DeOqYYuAbbMhaXEofRtYEUQJjmbLkbj-2FhPC51WMhqStPXJbfeox4-2FUJrNuJmRLQL-2FHwBB=
PxnF2VmkMqFHs3i9IXuOHSf9fzWxi9mi0hqaU0sfgmMx74-2FW7K-2Fp8wVfzeHMuPsb4K7NU62=
zGPzDCVQLgk3xPi2n4eOgcf0pfyk5qbHKjSQaN8LMNnR7gWlhKLVw9-2FHzk7N6rjzMVZpvVbYE=
NqleHGM7m2D9VcAFmBOECIFsjRbE3M6pGl7cVUb3Od0Gw24eiJIxYRKAqGuxJcldSY9Ktrvwju3=
uhixfC"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4501/Monr=
oecapjan.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border: 0px; =
display: block; width: 100%; height: auto;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr=
ap;">Since yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 25%=
; min-width: 25%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              755
                              </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;">
                              2617
                              </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;">
                              1049
                              </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;">
                              28
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Funds
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding-bottom: =
13.3px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWFEITSgg7hI3Mkwa8rnSu5f1mAp6mLzsgfwyCnr5-2BU7Q-3D-3Da=
-_Q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32=
-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7=
g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52Qf=
BUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2=
xyDeOqYYuAbbMhaXEofSs56qwUlLKoiHvnX1TnQzgSKSebKZU9ebArLYX9EkLjUV-2FKxJZ9jwG=
rfxskvLIQnaF2sqR2Zuc9ORUo4dXi0h4zGUAoplVKHhZQYm0xa1NUPcCqdks6IJcaMkDcaHlUpu=
YEWs6tYcgoNC5-2BuUSfhBp3sBpF7dDtgT2-2FIUVd2WXueod7pii14ofVdUWH4mCrfdhVCgdCN=
rZkDzJz76TTrwGyGpT8t0cSGIMo4-2BKgb4Lsi9os9LjLaXazhchfbpp3Eaud7ds9faRoPLEmCF=
qPwV" target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;
                                                          width: 150px;
                                                          mso-hide: all;"> =
Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579088" id=3D"n_579088" 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: 2020 Vint=
age North American Debt 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: 92.0%; min-width: 92.0=
%; max-width: 92.0%; background-color: #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">9.89%</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&nbsp;</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">10.75%</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;">
                              0.49x
                              </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=
swouzWFEITSgg7hI3Mkwa8rnSu5beVXRWgGoQbdkE47d9GUiQ-3D-3DEd3F_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6=
Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mb=
TWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2F=
mbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEod=
mJ9opf-2FT1rcdzAlHZZbpxji-2B-2BeUN5vW0HOV1LjKN7gCQxnRNzmkrhLcwbkXM74H1Ujeou=
RG9pTFEx2Xyx12yiUszDJQ5gGMkImmUv-2FVTmGZdE5hePf3moFLb1tGl83jsny6y14is0U-2B7=
YXOKJ7Whjob4mX-2FpaYRUdOEgXOvRsPMdCpML2nsXotIfm8Rd5xWvSw7ntK-2Fe5OjbnLgN9sq=
OiJryAffklk6ux86AbCZWE3BZpiEPS1BmPvemnJHmilU6bxzD-2FOOqA1YZyJReu8wgr" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>WhiteHawk III </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWFEITSgg7hI3Mkwa8rnSu5kZ0pv2iklTBtga2drYk43w-3D-3D7VnU_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6=
Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mb=
TWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2F=
mbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEof=
AyKhZ-2BHA-2FmcoUAKoidJmgFBIsTrjCX08-2BtV6GqsslgBZ4WKG4nJlL2o1GUomcCfPvS6bO=
mWbNS41Oab71Asj1XyEQp9pw8iNdxsoc-2BwR4ELvCfhgHIGDpjIpsydF9pjIFI1SQTlCT7Nlv9=
r-2BmO9tx14E5SWtM5u1xsCKSmvUInkew7ZNvomXr3b6HXijCHp7Ni6YrR6d7m19fFeqos7HxhG=
yc-2B7jlhkmbPlrzozQV4uKzWvxlw5IyuiYaqYP-2BfSCDp7QwhknafR-2BTXyc9BV-2Bq" sty=
le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru=
e">Centerbridge Special Credit Partners III- Flex </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=
swouzWFEITSgg7hI3Mkwa8rnSu54oDwAn5l98QsXxDegWk87g-3D-3DCMV0_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6=
Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mb=
TWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2F=
mbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoc=
2TGAZ4xsiHfgaF4YsyGr4TNkvrxLE3hNFpKM2kqYnmU3dL-2FYFjnCKcftBJ6R4D-2BnPt7Bmym=
CbS-2BeiB7tKOm5ey7GEUvrh6zqxJxVsQgUVSgOLIOk1oBAIpx15tWUszh50vY31NWO9iJ4ozcN=
oS1SPMFZeEZXe-2BbWIed1IOYrWRav51TcXVm90-2FuWm4t-2F6R6EA-2BvIsaTk9eEG0J8DDzI=
GmS0TbXiuaL6MbV3cEfxAB4K-2Fm-2FFC-2FTMBSIgpSFGBnkuy2SrzagMitD1Ys8faPj9WD" s=
tyle=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"t=
rue">H.I.G. Bayside Loan Opportunity Fund V </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-2BaqM7ONnvsnswouzWFEITSgg7hI3Mkwa8rnSu5VdwfiZ=
DRK7xWvoCvQWpmbw-3D-3DMYuI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4=
N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7G=
inKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yB=
ZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoc4fSwbx1l0KgCVXC7N-2F7xBMt-2FNmgBe=
rNTjBGOIyr1obJsMGnfvvzcmsAMuuYJLkiuRQpAR9Fcqwd63oKxxH5rN7BsexRzoa4XBArRtTMb=
EiJQqxLRqyzKEElJ1sp1gCl5PWfTkpfEO5Jtf7TbPWlUQsu5-2Fkt9UNkL5lu-2BkR1kpbEJt9i=
1JyvRc4FGL95-2BHAZshkLmXSNbo9OOOCCWzVubx6Hdn8pAUJnF8-2FdeGa8OZLQ-2BwsZ0zPqR=
L-2BLWLZvL0sSeRr-2B0M4k9oPrzGG4-2FFZ4Vl" style=3D"font-family: Roboto, Aria=
l, sans-serif; color: #1D5080; font-size: 14px; font-weight: 700; line-heig=
ht: 24px;" universal=3D"true">67 Funds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWFEITSg=
g7hI3Mkwa8rnSu5EwUEjjY0TrsTbgYfg8pLiQ-3D-3DgzGy_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz=
54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B=
5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14=
iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEofMWxdAL7cXSYa=
D3Jxj3cnoKEpuWpmYMatpcG1UUVkgNGrKRtXny1StL3GqeRVcykMBDG5WKNJKUiMv6QJPwwKt0G=
yMyLzXduxdzVq-2BTmIO2y1yI-2BAkyoSrmKFyMFdVfi29Dp38EhXAwx8BzoY4DODGAdLuGMlRb=
-2FJqgb6ZbYklnUDM9jigplQ9AzDmIDI9LtgvhzGJT06ul28ZkIQA51T7EijeIvv1q2KefaDghz=
ln62YI-2FGCTTJkQsRRhFsMM179a4wJJgnmqEMoH0N7ZcSMQ" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWFEITSgg7hI3Mkwa8rnSu5WDq8556m-2B0CDjQeoAMtYgw-3D-3DS=
nNK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32=
-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7=
g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52Qf=
BUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2=
xyDeOqYYuAbbMhaXEocuH3TvJYNIhxmLvoVscXPHFgbyFmvy-2FnKzaqZJ6JmhsN7-2FEY9fpg5=
zEWAde1FbGWe3kEdrW6MtvkkmtS-2Fa5q-2BzIztpd0AgCsBPIwPUy3VvxqaW6JaPh1-2FgL49-=
2F3rOtU9SRJryq2kyn5vwbbS1exXFZlFgodtQjsIV0IOM3AzFK0gKKnB-2BnSpE-2BQiomS9YtF=
1BHe2SYQ7nI2xWe6X974rnx0-2Bpwbrqupbf-2BvFqbMw43rQAXRBkSy95lGKrnyygETbYiHxCU=
8rh-2FhNyqdrUPMLod"><img width=3D"460" src=3D"https://img.pitchbook.com/ads=
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                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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                   </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">Nvidia=
-backed open source developer <b><a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWFE=
ITSgg7hI3Mkwa8rnSu5T5-2B4fbP1ZUqKUb65bSE9MA-3D-3DrYiL_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh=
4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-=
2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcH=
Cr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEocM0PY70=
EIB23Ip-2BkqzrEEIoK4Qb5XE9ewWLNNZK4buH0v7JbSU-2B0bZW6-2BkQOPj47N6GyiJRRIcHv=
qE2Btn0RWfsjpy4KubiG6l9v6ewzstcUerh3Ekt3qo-2BQor-2FGTZG4-2BhM4k3bjaQePWFrf4=
Tz9u1zd-2BfMuKD-2BHtVLQIyKTwcNkzVVSij999FixgiN5IGUX1Br6QJOLAHVPmtb6S3gYsxaw=
1LdACvWLDKY94pq7E6MoYYk2jeEbaPbdiDWbE8kXtctwQIBt1pFI7k0XM3erYt" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Reflection AI</a></b> is in tal=
ks to raise $2.5 billion at a $25 billion valuation, The Wall Street Journa=
l reported.<br><br>
                               Satellite navigation startup <b><a href=3D"h=
ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp=
SWIrf6GFa-2BaqM7ONnvsnswouzWFEITSgg7hI3Mkwa8rnSu5u7EQeFLDUPO8eUWIsFnPYg-3D-=
3Dw3i1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
F32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dt=
wL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR5=
2QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2omp=
UX2xyDeOqYYuAbbMhaXEociU5WR4ok29m3636RCMY04VI-2B7bLkKDAspIjh8fAojnS1tLuIrY6=
n-2F87fzXTULBZveFvk9InwD6e-2F4VJ2yIpgP-2F2rpm9JD1MPBXpzJkeXynyRv8u7UXqROrdZ=
-2FnLmjvxNyQn7hW-2FpBUnUqY3CVM9kUqU-2F6lWvCYos0bc-2FMidyIOO1C7stp3Mpx86Zyry=
GKFejgx3vKE8OPR9z3zzLPkbTqPZkRWWLx2fyVfWlTv3fNGW-2BEKml-2FOp1nKc6zBBuAQ62PO=
CbRmPcCNOL00xsAzR6f" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Xona</a></b> raised a $170 million Series C led by <a href=3D"https://url6=
380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2=
BaqM7ONnvsnswouzWFEITSgg7hI3Mkwa8rnSu5CYIfBFHR5zfL4ZljeZglwQ-3D-3DhEst_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshf=
tUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwK=
g1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzA=
CxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYY=
uAbbMhaXEodcWstLNjkIW8QDTsBhJVxKLwdXik4fhrOWupj43nEa-2FHIySP7hYNDg63E8kd6si=
-2FvsWpc6n10fwWmJ2x7-2BiUHCS67lWsowSWxeYHMKP7IAJDe1nPxTgAb-2FRroJ6Ee3pAiVwJ=
dXXPofsFc5KCiiBx145LZfu-2BPOc61itt7qfLxYbVIJu8NPKJZ0muegiPv5rIE2pJTUOBn596U=
La5bYpXIE3qnAIcVLTSc8bKU4Z02atOopIhWfL47a6brk-2FSKinZxkGKs5RRgxxQ99vqXHYT9r=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mohari Ventures Na=
tural Capital</a>.<br><br>
                               Laundromat management software provider <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbrGAyE8Y63QyQXLZbM2eRJ=
WwnDhkPs6Cw-3D-3DQkS__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-=
2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfj=
K3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0=
tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEocYZp60g-2FUaoEtJvqp7us82eBRhWzsFf9zk5mM=
R9bB08fOg9wIFCxTgR-2FZ0RQVIm7NshiQDl9uM8dm-2Fr6A39MOcAb3vGX0TpcWUOp5ZNa05IZ=
Gkrvhl1frHI6dTR-2Fh8Nv-2F1sREG9EvHDl98tqysPgiIzAazELbkZmTWPAnHLN7ZC2Q5oE3kc=
9G9gDXhQzx8i8FhJSVECkrojQ013gfBRh9dwjC9ItE-2FEz9K9gz1P4v0UTfEsBT3pE7pJC-2FE=
fZ4QT7DnJ2W-2BxYErjrwREYLzqdlE" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Cents</a></b> raised a $140 million Series C led by <a href=3D"=
https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S=
pSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbrGAyE8Y63Q5kkNfxw-2BIQ21ihEVDmM=
0BA-3D-3D3RgP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIy=
pyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTz=
IXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD=
92Z2ompUX2xyDeOqYYuAbbMhaXEocHDI-2Bqi6p9IpB0kFByV0IBj8QnL7cZFhH-2FGsrHK-2Be=
0qkwBarihoA4SUeesxIt9McLhpCCmIVwvCB2-2Bl3sv4mHp4oYYXrX4w-2F6kUQTw01cBcceok8=
8absGCkKbjigUn-2B6vbIUF7jV0ZvEEVDtyKtWHlKu3s8n8cTATqhvMj-2FBnqwJviaYTHQbnZA=
jBXil1XcWS2uOeE3Ayz20CwRr0RuU1RQzoXwY4rm9Dc5E4CwTNxJhPuZKYY1ncFpA9-2FKJn-2F=
80cIzqDN0vjn3r3ECTwbTbls" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Sumeru Equity Partners</a>.<br><br>
                               London-based AI-powered note-taking startup =
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbrGAyE8Y63QW6GRp8N=
5BMSb8KtLu1mrbA-3D-3DfdDI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N=
2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7Gi=
nKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZ=
CUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoffdZ-2FRFdAsx-2Bh-2FCWGzQuKk8qQ6gyC=
nvkJiy2-2BkwDRq04bVoRbPAopSpKkxHa3D-2FiX3w2Xx-2Fe5qGciKPEeLwTXDFTh3Axp-2Bw3=
UGS58AYK6itDFe0TeLy3xvrVmxthk7ecn-2FAlbqO6D6PleyvPkCJ9yVbucNAieYhXPrHZT68Lk=
99kWsdMBL31AMjOFsCehrXFOoAJcQp-2B6MhBG76cuKpxP5MLSD4xUj75mABApQMjhYGjRegCNQ=
Qs4sG84-2BdL89A03HkzEI8NnH5pORoBZmSMR7" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Granola</a></b> secured a $125 million Series C led by =
<a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73=
BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbrGAyE8Y63Q7GDSU7fBri=
IUats4qcwi-2BQ-3D-3D_LbE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZ=
bcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2=
GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7Gin=
KfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZC=
Ut0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEofOwlV2QDYa01hVCSXapDtT-2Fnf9lST8OOcw=
vtYRdQr97MqLDF2VmB8J0V89CEvhGiBs1BiSspI5DdgCORoN3NIfQG3Dxaxavvgs7Iz0s5iF1Oq=
ZjxJdDeDD7HJO-2FiPw6taNmPhRHEbRe5jF6JxCxHK4cLRyuHiwPakGLaf0jl6-2B49ocyvChj-=
2BTEKQuKOvuDr22dPqVwnOm5b97W26b-2BuDUQHHjHJEgEukXDxvlyqmJFCrHrgKcHSMTxISCZf=
TtOeet7tmMlR1LVdUvBWmdH3a-2FR" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Index Ventures</a> at a $1.5 billion valuation.<br><br>
                               A startup offering AI-powered court reportin=
g and litigation tools, <b><a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2Bcq=
OYj11bbrGAyE8Y63QCPLRQ8hFrmO0U9DI1we1JA-3D-3DFBym_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDu=
az54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-=
2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D=
14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEof-2B4YyvO2s=
nWlFd1ZizW51EcQDyJNkfUcQy2oAqG9cDxB-2FCFlGcITpJLZ-2Btcruqc073SAPj8qh2SYLOuv=
JS9MWAVOnMPKrB0wH7BfNgYM-2Bvju45FA8qIWB78WQxPftubEE9Q2q9PUkkSCIet8nmljMFs9q=
A5td80SoGYFNe1XaPVlSi9FUNvVyzBcqhkmJFMTwHu-2BKFdiapHqum0uOcM63aWl-2B65YLvsw=
N-2FNkLQcq3BuxgzshpiJln6wXNiGPC4yrzmW-2FfxReH2MPDGZVQFljVi" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">Steno</a></b>, received a $49 milli=
on Series C led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbr=
GAyE8Y63QkXticxhrGqzex-2BIPt-2BcCRQ-3D-3DjXQc_I3w5d9c01gkD8gLzFEofZR-2Bh6Vw=
arHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54=
Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5H=
MRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iB=
sYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEof2F6HJC2pvHAyDO=
TtAz6707JHSFlrnGsHdCe38xs0gtK-2BJwvUCnWfzkzXRBI954A7qv5rJMxGLxxqzZ0psG9b3Ll=
A67H24SxT5U7kJc7q82II8RV494F-2FROem8axGDWqGGas3jCaaVFdA-2Bcl32l4tNZ7OWsot9C=
EjDrofogLtY8wUICBep1jc7IJBrgzwlzdIgwYkT-2B197efOPgnl99ikrB-2BUJOfHX05WTnYh-=
2BXc3cnYAgjokFMIwz4dvpbQMHu7aRe1kxLQ2iyHyXG0ZPc07x" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Savano Capital Partners</a>.<br><br><b><a h=
ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4=
Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbrGAyE8Y63QVf3Y3Fz-2Ft6p7=
klcFne0wrg-3D-3DNoAs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd=
WeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2=
B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK=
3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0t=
jlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoc65UrM2uphytiEAfWsXY7MIAGT6KhquchN-2Frep=
oDgqscD-2B7d3-2FNhzglgWVtt-2FC9Bp-2FXPXCKVi4WbSNsrEwMxB0aAhJOsX-2BXeb9cvVdV=
x8ZgO4UVraBCCnk8F8gUU4B4qK9IPDXGYER5YF4ytbLrPbeT37M7Ks2B7sKSvhhPtn0dFyrY59j=
FEVMrReDZqQvhfPOZsf-2BNH3Btvj8DvXylceC3VTs7fH7meoAUh5iWLUrUZohLcQ-2B-2F9Cwh=
Ac1vSpPXShAloUUmaan9WePPTmNUd9l" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">Worth</a></b>, which develops software to automate onboarding =
and underwriting, raised a $30 million Series A led by <a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbrGAyE8Y63Q9z4-2F7KTCac3i05dhy61U8g-3D-3D=
SjT-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF3=
2-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL=
7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52Q=
fBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX=
2xyDeOqYYuAbbMhaXEofYemslwLiJD6oEd-2BBOOLG-2Bf1PsnqLaAYKVDjkxCAfv29v1RuhjCx=
i1Hxsxt4pPH-2BjsyueRxL-2FR-2BVVdwrh0YFafQGgw-2BZbhJFoLGgdWyBRYYm0VRkMtTOJyw=
3kMgyLyAmgbThbd090GQCDk5mVFi5z-2FN5L4HF5Mwo0I-2B23f4sySZO8Em1xJj-2BDa4Q1zr8=
M2bp2XtCf7Gz25K6cN89R9dksqf-2FuOyyNIXDIUctL10ac27DP2YZH8aXr9TNmsLDi7xn1eZgB=
O16cwpwqP6FP9hP1F" style=3D"color: #1D5080;" test=3D"" universal=3D"true">F=
ulcrum Equity Partners</a>.<br><br>
                               Amsterdam-based employee mental health start=
up <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbrGAyE8Y63Q0abG=
4t-2FgAQFuzFTlvx4WdQ-3D-3Dvz5g_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJS=
s1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFb=
YT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF=
76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEocGGbLMvRM6o9DfVh-2BDrms1Vov79E=
QOAtTMBoahWFv09b1ue0A-2F5-2BErNjC9XpXBybu-2Bh9hslh6Vg5VqkGkD4foCGhrYL-2F4yF=
DwQnbey8k1bMdlqjt-2FsxPHCdV0E8oPrZMaXYRkBomjbUUmn9JBpubC5rTmYQ5tmBuahdSSUv-=
2BAtqnsU9h1qftEelY7EeVrHXKlgdM4URl-2FosMwuPbzL6cUJz9UeI5mtauZAKSx2JYM0vshuy=
Xc94mK8hGD878S-2BDjze9ptSpocFinBZ-2BUK-2Fl2yJ" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">OpenUp</a></b> raised =E2=82=AC20 million from <=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2B-2BcqOYj11bbrGAyE8Y63QlnguV964kRo=
mRtXuQm-2B7Nw-3D-3DxBKF_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2G=
G-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinK=
fjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCU=
t0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodhQDeI3CsjPMr45TeGa-2BWP43zTnH9NXe1L7=
bvy-2FwByJNT2-2FHn-2FK8-2F7ZfoSiHabpy-2B50XFuSPm1SQG9IauNUZqKx7hfXhn97Tq4iJ=
0bBP5gugAq5EI53-2B06ZJcIt4AeNURAR5YKJD3ByA7aiEpywLp-2Bf-2FpixIZA0jcZVoPE9wo=
RbKTAY-2BYxa7Qhna0FSMojqVWEDNIKM37wsG2d7xXNTIigC5LpR8XW92j2aBcXfsM91nmCpv1s=
1ZrqbGPIz2r-2Fj3FXNC1Cam51Gn-2BN-2Fdj2e8-2Bt" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Smartfin</a> and <a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzUi1GvopgE-2FcR5RdoPaoPQRurI7GQHyDrQ84g-2BSNnzgtw-3D-3DPH43_I3w5d9c01=
gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsu=
Cu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXp=
ahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRo=
r0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbM=
haXEoel6k6qe15ocSBqHmoQM3kHMYaEr2wpuRan8zpQv-2BC0unTZkDUgizsPhGbHrUbUkIt34x=
-2BoQDeKT4xCdDhE0KadHpoR4dmPmrLqQ-2F-2B0Q85icV5NoIRWT44Xc7l6vJpp0NdlzLafRfT=
x2CER0FxEjA-2B4kDKBbmj-2Fwdz5sMr-2FrHY28y5Mp0cYA-2B0rXjBHub23nks5yehHWBOML9=
zVYJ-2BWpvmWT0XbVnI6oMvIHunazk-2FXnn0-2BkyjTLDecpWC5-2Bz2C-2F-2BukIHpOsdh9O=
519aEV-2FwUg8" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Rubio=
 Impact Ventures</a>.<br><br><b><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUi1G=
vopgE-2FcR5RdoPaoPQRXnfF5qyAtk76yo9BHx4ehQ-3D-3D0amN_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4=
vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2=
FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHC=
r7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodAnO5mJx=
P2pfo-2Fo8pq9incpkXOGvVmCuDVUiNXWhYfG7K-2BEYz-2BlumsEfBxuFwjAbuv0mYFr0rcq7-=
2FWiN6Rn5c69M3W7MW3X6A5jnQ9-2BBuJW9On9Jno5QWm4RT6ccGgp1qOxgfNEMtTznKnr-2BZq=
7Lxw8gbW3meckB6ICTtZ0JQeQjPM9jsfgH1g5kdKT7UOy4VvJPVPMrAxhqxaoODAfz1LYDI0r1f=
S6N02FdCJtTUzMo2yhjcQGyfe8DNS3NxYeYpSMs-2BbHVDH3ANIm7Gpi2rl" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Blossom Health</a></b>, a psychiat=
ry telehealth company, secured $20 million across its seed and Series A. Th=
e Series A was led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUi1GvopgE-2FcR=
5RdoPaoPQRAGI1BQPIIjHN-2B1-2BEvvBiOw-3D-3DgfyO_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz5=
4Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5=
HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14i=
BsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEod5uKEDuvM3EnAi=
WRjHCImi0OoAgADWolhiEvQ-2BsOK8ESi6yexD5psj5OWo9tSJMTFdtL28EHhpu5l1NPXeA9dxe=
TkdSA8M5ZboNi8kobAvJpF-2FW9Gl-2FMOTY-2BU1uy6KhkNb-2FWK1-2FdmXGIQW1C1shjbSvU=
bTmcDLoY-2BoAWAMi5cNM9f2ofgcU3F5NcswSp95zXH6sHyKZHj2JLNN1ZAO7j0ieR5LGSHCKtB=
c-2BoFHXWMU1F-2F60qtP6GrM8GezOhEklhBGe-2FXm79EKDFKpBPY8Crnk" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Headline</a>.<br><br><b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzUi1GvopgE-2FcR5RdoPaoPQRGBDfEx3-2BCllAK2mUCGcj=
wQ-3D-3DeRvv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIyp=
yBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzI=
XuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD9=
2Z2ompUX2xyDeOqYYuAbbMhaXEockmr-2BSvQaQzgFDAUc8p269nNAmzk69YdQ0wIOP7tiv511i=
0G-2FNjSCw60-2FXOKdx252-2BqQIH24h6Ibdw90rBmYFkgaHrM675VZOuUdeHND-2BQ5jD4HEr=
l4SU9hlIXpGAwXOuiKJDtkWDKZT7OtJR-2F9Y4Ac0uoM4XNN2TNv9g6Xo9to20WpI9VXZ8JcCHU=
1hvz5IM3W-2F-2FJrJb8ZwAai2oOFOPrm1uCqn1ptu2JdSCpgZDuysV7mF-2Bw03iZjIa0xg4-2=
FjCJVD3MSRHvH9tobC61eelgZ" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">Scalvy</a></b>, a power delivery company, raised a $13.9 million Ser=
ies A led by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUi1GvopgE-2FcR5RdoPaoPQ=
RaT0EeRD54hxTWO0A8BUJ3A-3D-3DJ_RC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz=
y-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCy=
KJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHl=
RFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1M=
SbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEod8glNsXJO7dzrTqxmRcAU8SaRQp=
EZovpZcNn8fDrVO9q7eScfhDYNUwFb6ZIlqJ-2B5XVoOo5H9JYUpW-2FI1XGJe381Cl2xh8zSDc=
NPt2JuP-2B-2F1GxPIR06YSyqnJP6itL27e2YxqNcOumoALPP3ND-2BlRKX910MxWdCKbGuwL51=
ejtKFxYfqsEEt-2Fgq-2B1rKR5WNxnQPh2rvpuHY-2F-2BcKc91nYZXpDtuP-2BpEXOsmnBvOYC=
Lw64FWPomP4WlzXl9-2F-2FlfMNBPVxmUK07bC7IkIsoaUoou6" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Silicon Badia</a> and a strategic investor.=
<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUi1GvopgE-2FcR5RdoPaoPQ=
RqKa6m-2BBd0VSi7xBwov9CVg-3D-3DXzUO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAu=
CyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LI=
HlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R=
1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEofw4LrBUuc2mtW1Q-2F8f8bEqJ=
NCK2IS06gWP2sHS0XB2Dn0RRV1j8nhrJb9fylmyOugFgp9MarebEsftWRaVZwUl0sSI3dSMYJWu=
pS1F47aLsyrGz3lMdpQOHjXoKGgEqPxmfnu-2FwzJJlXSPqttdr2qWWYpIM38KNLLUtKrhM4b53=
jPJlJkedvgmpsG4dGKvHCa9c35-2BZLpALI5e-2FuDn-2FlEnKMGV34yp1Ia-2BG-2F2m80qapt=
g9nfOh5lYYEr0wY3h3lKQ-2BPWnuaQ193bPN6sUuMFNq" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Giraffe360</a></b>, a London-based AI-powered rea=
l estate marketing startup, received a $10 million Series B led by <a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUi1GvopgE-2FcR5RdoPaoPQRw6zdH-2Bg78qTt-2FO2=
nA4fZ-2Fg-3D-3DS0Ay_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B=
7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3=
Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tj=
lNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoc8A1SW-2BhalbrRNoRZ-2Fe7cGMtHM16l-2BxN8cN=
2dJ-2FgLmFFOCzHfPeSEEAMWqf-2F9rCN1u3wBKQM1hcjZIJ4jNUaKqXRpTNmlwwLTma45II67-=
2FFFWmKBQos9GTBwzJZaOfekKlaAz2Y6sp4PB0ZLl8MAhsiN9rAcAJ6Z5XmtIOeRgkWqMIMz8w7=
M8w7h2Aq-2FYnu2B-2BFiq7F2gPia1qZAHzTTb7NSqd5RYGn-2B1jc9fSuv5JITj7-2B2x6pQsq=
tRfBuiMvM-2BQ-2FDJaAkxq0gb-2B9HWwwoh6O" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">Cipio Partners</a>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <tbody>
                    <tr>
                     <td lang=3D"x-advertisement" style=3D"padding-bottom: =
20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzUi1GvopgE-2FcR5RdoPaoPQRSGhRI730-2FDpSHyP6Ps-2FO3A-3D=
-3DcqW5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6d=
twL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR=
52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2om=
pUX2xyDeOqYYuAbbMhaXEocttd5T78cWtKpMwfmbFQycct091G1p-2FScTCRD5Bd22wEi56NU9W=
bC0aWwScliSRUAseYcLnGf2oiMkUzDheNEHgbeDouWNNRxN5aAxLxphCUpmCeUuhrcq52V3ppgx=
juu-2B1XAPcv07pkM6H5OXLFd8kP10i3IJSBu0ewKvG0T067nDNRuYVaoZUjAKLEJuvyXWLQaWI=
OkjtlhvlVz-2FJ17QahYn-2FhX0RgrWV67kvS1bP-2Bfbuf1b2MZM3fDSXKQvNq-2B5vEqYDKUa=
AqYcyQTDc-2BhJ"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/ad4=
524/deloitteh4.png" alt=3D"Ads" style=3D"padding: 0px; margin: 0px; border:=
 0px; display: block; width: 100%; height: auto;"></a></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUi1GvopgE-2FcR5RdoPaoPQRD9zuqQ3-2FYhZ7zQ8c=
PNLLAg-3D-3DHtec_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg=
FVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ry=
iIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9=
gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNC=
TCD92Z2ompUX2xyDeOqYYuAbbMhaXEocGW6vsQdDNc-2F3iptrnGn9qe1e3t78ln3D4prdO6aGH=
UoQVYzwLe-2FwyiECiaVXVlXEz8h2pil-2FNBb-2Bvn10CSayoNeW1Vv6JOdvcRN19z2-2F-2B4=
UIpMbxhyHeCrcwu2HLnzs89Tqe1AyLAfPDm23wvrxFEWnFFwXoD4-2FtDbvhyqt-2FLVQnjzP5L=
B8dyUaSRCrLFyrUyBOslPz7QkBZf5hROLzCfisPDgFgid7dDCwJse1Y829gBQXTVsy3hTDO6OqG=
KY15yrkqwBq6HZIxZf1lt2kD0" style=3D"color: #1D5080;" test=3D"" universal=3D=
"true">KKR</a>, <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUi1GvopgE-2FcR5RdoPa=
oPQRi0-2BgTS2Cj-2B9toM39s3-2Befg-3D-3DY2sz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu=
2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZ=
wJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYN=
AT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEocil6SmvMAfo6oWHncE=
C3TNQ6gPGP5zKMdsYrQax9U2W43I075Welrhh4CcBVq26nYdASYuUOMkSbzk9zXuu3yi1wa9PMQ=
OYAOhtIYPbJRyN5zBk95maBefyRWpMA68SwesNQqoSTu-2B5G4OVbwLF0TlZ3s6nBTzNUJro2V3=
uXBtOVplAS8m6JvqZ4P5sLRB1yCoV00h63urXukpxKftQywEBnpwzFQjzI-2FTrgOm-2BOFLGKw=
liBFuLYU8F5zwewkx8wFuy-2FmX5DOcZuYRsYmBM1Yk" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Ardian</a> and <a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzXY7MiVZF0kRvAvTRMLkH41OeYkBF42IAsRi-2FSRMrhBJA-3D-3D7swo_I3w5d9c01gkD8g=
LzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa=
6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9m=
bTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2=
FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEo=
f29aWFCwKO2-2BjAIN7a0uOKV6fYRKG7qejtc4vWhBCNpMTeb-2FqTt-2FzB-2FwNkkHgoevuHR=
Y4RbTQmacnqRiIEfRsPHrGv-2FAEvY6ypF7CTZIbvc7Q1ab1-2Bv7AdOIgvKVUDvMQ8YlfUvXb6=
XyvKHUIaA8EsORETslZPAKta8eicjqL479QeeANsjVAS0uaC-2BcRDYo9BSEyZZowBVB9ATZku6=
txaXd4M6dL60GxrNRZlbckXIj7lmtjUP4IAcLnGI60OHYek7L1TYoorw0CwYJwOgTBj" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Global Infrastructure Par=
tners</a> are among the bidders for a controlling stake in <b><a href=3D"ht=
tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS=
WIrf6GFa-2BaqM7ONnvsnswouzXY7MiVZF0kRvAvTRMLkH4186LdlvN55ircgEh-2BSPaeUw-3D=
-3DUhwk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6d=
twL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR=
52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2om=
pUX2xyDeOqYYuAbbMhaXEodhcP23Kc8r9K0qzKS3xB4-2BiNRHuUrXI5l1v8e9OlgjwKSosXKFS=
oqBU6VDGRZlgbkjOlpRo4r9xoaI7zpzWVnk8khb4gr8NLHwVsGGvzClHHVUZmszs8ehaiWDykYY=
O60p2CdIXzU2N1TcJIU-2FF2s-2BLc5eVa1vLDVYZPGiGfqyUPU16p1DcWPevqTKZI-2F-2FWaL=
RV-2FQhR0ioJlbAaxgqtELQd8x5mTwE9fO4f-2BcVYUbSQwUdFxPs-2BRsAntFDDotKrvWoiooO=
F0dbHirfDwEHyAN2" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Xp=
Fibre</a></b>, a French broadband operator that could be valued at between =
=E2=82=AC6 billion and =E2=82=AC8 billion, the Financial Times reported.<br=
><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXY7MiVZF0kRvAvTRMLkH41xx5r0hZ8q=
jKCnQA3lUaRWA-3D-3DlfAW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2G=
G-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinK=
fjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCU=
t0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodepEo1DdM2lHDIxUmC51Isa1GvuCjfvu9z6CF=
Mo-2FCoABoqxnisVsoi2v7lzmiMHeXY2Tb9bbdAYy2E6-2BUF7v1hzvryyicsqz8ElWc5wtwAVd=
bXKSXPmSnTzX7QJZE8H3XNYRFOf6aRNneDxH59SLu2NQWWdandEKnaIha2F61xKq8svmzVm5igD=
ODrWItYEqJE6x-2FGsskbYCBb6eUfvw8l44xSO5Mfeed4Au9NQd99QyBd2gBd-2FfxzOhckcenB=
5IAouZ6OyCo5h6GlBc7IehAH" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Blackstone</a> invested $250 million in <b><a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzXY7MiVZF0kRvAvTRMLkH41UGSKgG8NFTk3NKcGEcFacg-3D-3DOGY3_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUN=
suCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1q=
XpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxz=
Ror0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAb=
bMhaXEofLX51YhNprSW3bS68PfZ-2FexGbPGKYs5qSYURFhSeLdXlIkI5HRAPk-2BrOmHvFU6O-=
2BG6S4rPh-2F-2B-2FNbjp4k0ElIKKaObtLwk2NZbdsNke3THekMpAb1-2B9wDWgA9zxm8XaVTO=
QdzxvnfMOECflDdnhEwNhGOvW746NCAY73ivhAduYxpqUWd8NBdCTzDoAyHi83mQnDg78diRyry=
ZraTftuCrTcCR-2FF7nH1y31P8Y70-2BGfLXEMWFjgLQZWQIWcszZq4x96A1ZxeLc8PM72flC9k=
NWE" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Advanced Digita=
l Gaming Technology</a></b>, an Abu Dhabi-based payments and data intellige=
nce company.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXY7MiVZF0kRvAvTR=
MLkH41oyK6ewHA-2FtxiBCdNWbT-2FNA-3D-3DoRDo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu=
2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZ=
wJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYN=
AT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodZyvzj2sC262JTFYwe=
7m3riC8Jha640-2FQxIks9usM-2ByAu6zjJeBMj9pceCuffniLXmjZ118nJCB22ECj4V9OVYai9=
kbxRZoaq5kwKZfJhMWa8WOrq07KtA76IEcRzpCrJZE9f9X8U45iG8lfmgljdeuU6Lf8w7BwQjUg=
Od-2FNosf6CP2OOf2a2fzxdn5SlMAyEtcTrvWtOdOmYLbcy4JuIoTBHkmJloRdfl-2FMYgCK9T1=
R-2FMzvqNzAi-2F14QXUvJiXicbXjJTGt0MxGTL18mDOamA" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">BGF</a> exited <b><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzXY7MiVZF0kRvAvTRMLkH41d1l62E-2BJlV0u3cKnU46IuQ-3D-3D_I_t_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUN=
suCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1q=
XpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxz=
Ror0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAb=
bMhaXEofHujEjHGqssd0S9d6gHo29pL6ikPX384au-2BEgQFh1ezUNNHIWc4zi5n1jMy063zqYd=
YFI8P3CxXLUfZnXhpZt9-2Fpbu8F2qUQg-2BkfcI71uPEL4zLof-2BtdLGO3aYA-2F8R4tyQLYs=
3-2BnGI5PzV-2F81JoAyS-2BUOm12Sf1ispmlk4VstdbVfZvU65nmL68URdGkLvL3GCHUu4IlVb=
WqSl-2FyOKe05WjwnESj5DnZGcgyKIbkwHiAsfBH45zHwBR4ui-2FcxK1O9SuFwmkZu3RrF2d0Q=
t2yV5" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Metric Search=
</a></b>, a New York-based executive search firm, to <a href=3D"https://url=
6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-=
2BaqM7ONnvsnswouzXY7MiVZF0kRvAvTRMLkH41Hjn9JoiBfMQKb52KXdn8Nw-3D-3DUoyj_I3w=
5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnsh=
ftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirw=
Kg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpz=
ACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqY=
YuAbbMhaXEod-2BYfVJ-2B-2BAwUBraPyz9c-2Fq1VtmOVQOomhvQHN07tqv8RNClVjU0ppIW80=
KdNfMOhQ8BNulkH5B7w1p13uRitw6n8y3Bd4F30GA8ElSP7aSzWVkevP8FPcHHj1peDbjoyJg3v=
FcM35aq-2BY5tPPfT7i9oDpEFoZOWXFNXJgVdr65VMFBQ5MHCq6SrpZi-2FjT6y7jFzy3U5JR-2=
F2oE6jZ-2FEHekCCU0FrecGUgJ89RKEekdAxPKlGgdHSoZZ80kyk6RDIh7CVII6xuZnDu212hpf=
RLqiU" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Southfield Ca=
pital</a> at a $100 million valuation.<br><br><a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzXY7MiVZF0kRvAvTRMLkH41gxGl6WaSoXXNdmOKWoYnwQ-3D-3DvKAP_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuC=
u6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpa=
hB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor=
0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMh=
aXEofzPwMSqWQtQk4r-2FNEkt6bA9rSWfWx-2Bwrek6Hx3ezfwqfZdp2baKfYbYYHZnZI-2BZzI=
awojtK6LeWOeQ9SeOou5To590SeclaKOFFdCxVUy0n-2FagdzpLxVQGzNXI9I7Ui5hDbdog-2BC=
JU3T4RNiB0FyxOfdOIXxQ6rQuNdzsmKgyWPsg0txp-2BBVBdfDEV17L7Xd4Gbm2xiBlWN-2BRvD=
q-2FWhcqXVG6nK39-2FOMPxH3Neyy5NWsvHWKstQwhwuePJFh6TwJnmQEtLUYsdcd-2Fa6b1qC-=
2F1a" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Terminus Capit=
al Partners</a> acquired <b><a href=3D"https://url6380.news.pitchbook.com/u=
ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXY7MiVZF=
0kRvAvTRMLkH41njCGaU7cdcpYPGyPG6B3Pw-3D-3DdCPZ_I3w5d9c01gkD8gLzFEofZR-2Bh6V=
warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz5=
4Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5=
HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14i=
BsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEod-2BvejgtG7Piv=
f-2FQgYSBCy-2FJNo51kTlUfVycuPz9K79xqWeY61N94CQLFOl1PtRrbLl4JxVySWVDjXfkFFvY=
Huu2-2FUOA1eLhzNJTDOc-2BMq48MKQwdQv2yzTA7fNI9WkvcXp1c-2BzYywZ5y2RvUq4hNAp56=
Qcx2N1sejCWI0H92-2FaxRVjgQv7xe9iisW9jjJtxZDZE1xgDu-2BPrE9hr-2B7mcyt2Hori-2F=
8xvHH7Eun1icOVNIM3acSIvIBZvw-2FGUf4LnWPPf9umJAk2gwtMCDJ8D975l" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Andesa Services</a></b>, which o=
ffers insurance policy administration software.<br><br><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXY7MiVZF0kRvAvTRMLkH41dT0KeeVia9q-2Bm-2FfoUA3dMg-3D-3Dms=
qG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-=
2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g=
0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfB=
UWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2x=
yDeOqYYuAbbMhaXEoebLJLk3oTSO5Ir2BQGflvUbWB-2BrYpGACGN98nCi0-2BUj-2BcFbxhDeq=
g7QktCtm85reQrsDgYTFjaLqfXRz191PklQwYojrnM5i4coM5xOYKJUUn9omRhZQGMhKIjp3P5L=
jVQ4e5i0ya7cZwrb7vKGBXnb8pOwGwSK3ivEiUozKHdaNudpQgG0nCfWTFeZaATI491AUqKhbBk=
Egujian8x3jdjY-2B5mzjBkq5JcHeBYRHEWNjlDxyBU9B09REg7oxs81nQhZPcJR7j3-2BopQKl=
rhtxL" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Avedon Capita=
l Partners</a> agreed to buy <b><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2F=
ENWVpjUXbLrPr72if0agzmtxrenuRv9wktx6Inamig-3D-3Dy7Ji_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4=
vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2=
FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHC=
r7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodI9bQzaf=
FwiGSAsNaq3objDIZuaSJaMVfT1I-2Bh2yipBKnmq-2Fm9seyH5p2N3qZXOQWDS3kEtOKNahT7k=
dyJRy9B-2FfjWHlYGn43TnH-2B-2FMHDlOKxUzXDtrjjK2l-2Fn5vhqKMAFG45yBLBh6Uu9Xlsk=
w-2FmUToeKZwrCSfSEZ23UIaN1KQTu9QqTxjnBoT-2F58FW4khCKqCOn3n-2BHt6M5HrR2kavql=
Q6OLePx-2FIu73uqDklo7GODFYR-2BbnhAW2Buq6VnUj986jAKuHkd111v4-2BxKFEhyw" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Atlas NextWave</a></b>, =
a Netherlands-based recruitment and staffing services provider for the ener=
gy and marine sectors.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Beijin=
g-based AI chatbot developer <b><a href=3D"https://url6380.news.pitchbook.c=
om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2F=
ENWVpjUXbLrPr72if0agQ6tnn2a2Un6gJS1YOAEgBQ-3D-3DQh1o_I3w5d9c01gkD8gLzFEofZR=
-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4=
vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2=
FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHC=
r7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodIZRe00Y=
gDKahSUTgnIHTYC8RtqZv9-2FQH2mttTabIr-2FD2DXD3KoyKqwFK3UxJN32wiAZNO5jh2rQbjr=
AFccl2QTxjc7phXLXRqJWeCZAHv4krDovRES56YGsAMG4mlUzcZez5tSGzhCiW7-2Bqg0d8q-2F=
b-2FI-2F5y4uuHPRkrMMprb6cKD9XZQV2RMk-2FDvX1-2Fa0qu-2BeUeqaMbOB57X8rYFORAKT6=
SXTEo90u37Ud4ONKHy2m16d-2F72jUrCb47pk19dnQoHYq3uebfWZ7iXc-2FXpJKGZz" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Moonshot AI</a></b> is co=
nsidering a Hong Kong IPO, Bloomberg reported.<br><br><a href=3D"https://ur=
l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa=
-2BaqM7ONnvsnswouzX-2FENWVpjUXbLrPr72if0ag-2ByPvIUqHY-2FoWfjEMwlE-2Bvg-3D-3=
DFlqD_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF=
32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtw=
L7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52=
QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompU=
X2xyDeOqYYuAbbMhaXEoefBpi9I0wp-2BvMUH8le-2FFbNlko3pk-2BkFyuQGfm3BgmAfvs6GnR=
Zyl5mN-2B64wEHRZ9bXdHZoa5Px3p3ijHIsgwmaxvhvZVUa3rb32qEfMYgJBQG-2BAo8enyTJBt=
UiIOSXEpIarq2-2BXdwL5Qv3M0kz8xu-2BSoxEuqJnx4ffuyuCtBovAexnalhhHX4oexVOfo94U=
Q8DeWIiuJWOtLYm4aLzDPuaqbQ-2B0csHUd-2Bv-2FN8Mm-2BqyHMA2wjG73kpNBuOKYsVcxBlm=
0bBMx9SAl1t5gxpzRg-2BL" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Shield AI</a> is planning to acquire <a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzX-2FENWVpjUXbLrPr72if0agjH3P-2BmwLsVKiSewOGO0MaA-3D-3D1wBb_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu=
6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpah=
B9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0=
d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMha=
XEocHLRTS-2FhWKaxXWteNB7REj8fQeo8ynDTPyqE7CiCcS1wB3BW7CujRuQccNO6VHTXPIlsGP=
fP6kvHDaxqmBNanKlTlXSVcRQz6tg0x9p87h4E984QoJqUmKeVkfj-2FovG7LgWasJa1ItlLgWW=
gBCTAqEDqigitp2B-2BgOIXRjyxHHgoPyvEZE9kXUpYa7qTbQ968BlbIDQ3t6yO43HKx6tWMcI9=
SxcYnbGlvdXLSLzID2CPyyIbeXvS-2Fqq-2FBRQBrwSyiZVx7qjcIzV4Tp-2F8BNqAhI" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Sagewind Capital</a>-back=
ed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2FENWVpjUXbLrPr72if0agrKqAI0=
7P-2F-2BxaMB8PH41SMQ-3D-3D9cR2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJS=
s1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFb=
YT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF=
76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoePtZTFWk6ABHZJUfZ-2BdNxPSiOq5P=
ic58yyRhvLJhmMPb8yq6ZDJcbsfo3OD8N1eQKUkNG5rspjlzdclra4kE2V-2FH0VVcBaDedGO9V=
gfI7i-2F8K-2F-2F9EdcY4iGXr0O8AtT2hqQdNWirm2AG0B9xdwYKhJ-2FQbtc1Vm4YOv4XIsWX=
4AXcVHPMJhotRli2ErbrMFIMw9OcORFr3nMWHsbWlzeK8ZeBcONTNiiukW1aPrJ-2FYKNEefxPW=
iN-2FhF-2Bq9MX-2Bajcb2B6BsoxBE7WpEY-2F4U3Om3z" style=3D"color: #1D5080;" te=
st=3D"" universal=3D"true">Aechelon Technology</a></b>, which develops defe=
nse software.<br><br><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2FENWVpjUXbLr=
Pr72if0ag5lFnTP4-2FCZoG13ort4qVtw-3D-3DO0CW_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zc=
u2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMR=
ZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsY=
NAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoeZa2hwsRMwDhhDSYe=
pl1tuVVbCv8dha5sYTOZszzzdHoZIa6ordtwkWXiDrau5rlkpfwj-2BU-2BtZc8jKpJiKJNSH7o=
hhY75cRYnZX-2BnvNnlddBf4uVxZxS7mBuEE-2B7Fewxws5FArL2IaYLi9waZafd3tN5hpe-2BQ=
6iio3jbRSdl2hkY58bQaN0dEkYHysQ9tIPHrRBtjSfSjLq33BgB-2BkQal-2BYqqNJrNPKJJiDe=
2STQqAEIEOm9CaIhqRLhZERyV-2Fcbs7AdCOuOuLf4KKDvh2EnRY" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">Flex Capital</a>-backed <b><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzX-2FENWVpjUXbLrPr72if0agh5Xoh-2FpGZtGkjk8EIaq0RQ-3=
D-3DGcMP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz=
sFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6=
dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJz=
R52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2o=
mpUX2xyDeOqYYuAbbMhaXEocKOtT25DkYHl9oBAyHn6ekOHL1xZu-2BA7JOvfXO8beAI4RZmSZq=
HD-2B4F4cFddw6ElpOLUVLlxl0ZHSBjoanWZImHr0nw-2FBa7gERpq7yYNbn6rnnrucamebtMnT=
bLF3vS39Tfnoc5A4ynzVOGwMwaMcnQAJ93ccNhuhWmc2Wc75JWAN-2BGHgYdmFk-2BKNXH5cTQG=
rPKtPjATqUUO5-2B-2FG4d3Wv6nsZD-2BLWojwsDX0qg7wOmh23K3oB3uCi5iZxYMu8i33HsWJM=
JSe725aSWl3c0sb61" style=3D"color: #1D5080;" test=3D"" universal=3D"true">M=
emo</a></b>, a provider of readership data from publishers, agreed to be ac=
quired by <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2FENWVpjUXbLrPr72if0aglm=
gFzUgwOqSHlGhqZrRaaw-3D-3Dp2E5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2=
F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJS=
s1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFb=
YT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF=
76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEodGa9yZ4VcUGe1NOQV1vd-2FwZf1ZMG=
-2BCSWdraYXH2jtXbRIrc2sb8fvxb69F0NLGCUvRPBvkoMp-2BItJV5QjzqQcqtV8fzSvs12xpQ=
2S6EIg6gSxJ9S-2FOzrjz-2BtTYeqJ-2Fyq4GzOlAf8ezyd10Klbi109Mj4RVtCQrZ4-2Bz0Eyp=
gm3qPBG6gSChFFw9lZvsMDrcMQzSYEf9Fa85hZPKpl3xvQcyNYYpjuMIxthT6s-2B-2FJzf0Avk=
P4oBpVyDn-2BW2NEipEaZa2cdgmLy4YJwfz9HIDvasN" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Signal AI</a>.<br><br><a href=3D"https://url6380.n=
ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7=
ONnvsnswouzX-2FENWVpjUXbLrPr72if0ag8K5AhvhuWCkL2dx1fZ60LQ-3D-3DLqPH_I3w5d9c=
01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUN=
suCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1q=
XpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxz=
Ror0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAb=
bMhaXEoeCEOdPj36JoJEDYTmr3x0sVAdT9d-2BZ7ILkgwoPS4TRcGQ9-2FHfqpRkHb6l-2BK8ml=
LP1s5Q8MJXnjH-2BXmK7MzfYHQ8AzTDlqgMtU5bRLdlAAVCffR2lNCt8ENKv0nxrc3dPHMZXiFN=
B5avw-2B7MDpMU8obcB6yOjDQ26kX8CrcDwkzDD5ZuP8x-2BRLVOSj-2F7rmoQRSlod7M2Fqg93=
YEtg3q3jp8-2Fg0J0kfZJebbi1GLNMRMAaLL-2BUJ-2Fd6EYgA-2BOrW3C17679MTSlBOAZQx4i=
RpckNxC" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Norwest</a>=
-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX-2FENWVpjUXbLrPr72if0a=
g623iDngU2UFCiUR-2FeqY5Ow-3D-3DpaEz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAu=
CyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LI=
HlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R=
1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEocJv-2FLws0SZvDFjN42BGXUCF=
SNNtqm1UJ-2Bam5gifwyM6dn8ccp9apOemO-2BDMwu1Gh42HucpAfwxEJrpiMO1zDBM11lHS0Nj=
QEcCjr8R7cyRqT6uKi31MRr7Cs-2FHmYVSsF-2B6h0CgPipU0KcsN8Nke0EsT-2Fe7tOVxBspW2=
1duRFVEnsaNa6q6ulrbjB84m97oX32OF5Vm6tgVLk-2B-2Bxsb89eqEym4ShjXJ7j2rMprwSbIq=
Z2Zv3RKNhWsXSoQ9a7zFHwyv-2FP-2Bz-2FXiZxmvMuo13kRY5" style=3D"color: #1D5080=
;" test=3D"" universal=3D"true">Babylist</a></b>, which offers a platform f=
or baby gift registries, is considering an IPO.<br><br><b><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzU1gh6PVHuZyg-2FKLIoigCDOrFwLX1OmBjeMSSyDKRtKfQ-3D-3Dz=
h_k_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32=
-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7=
g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52Qf=
BUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2=
xyDeOqYYuAbbMhaXEofEmLjXzgvXaNbt9kcX6Iq6csZeBw0L6TjC6vQco-2F-2BAmCVr5chaNKR=
v2jIvgtj6SGRCe0oaobH5VyE9I-2BeVySD-2BmPbThdzi6g1yKZjcPq4oFTIEG70dvPru3k3K0J=
XE0xjEdPce8-2BqzdpU80A06NjqGKMLm4-2BoKzmCH2lmNUre4UrlqYkPb30YSogVHFvMwg0sii=
R3FVzyc6lCLyQ2xd3h1T598VQWrg3js7uFREZfn25S2O0gkCQrRS4w11V2v5cUi7ZotrxmJYbYN=
3uPPXrrS" style=3D"color: #1D5080;" test=3D"" universal=3D"true">First Cent=
ral Group</a></b>, a UK-based car and home insurer, has appointed investmen=
t banks for a potential listing in London, Bloomberg reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table 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-2BaqM7ONnvsnswouzU1gh6PVHuZyg-2FKLIoigCDO6AllK9je3oMlQmd=
Gjf1u6g-3D-3DEqg5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU=
gFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7r=
yiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph=
9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlN=
CTCD92Z2ompUX2xyDeOqYYuAbbMhaXEoeSWBx-2B2Ha8XbiHrc9cZEnW5Nesrmor1ySFplFnggH=
86wLd0G7M4HWi50uKhMLrNbMDMuTBB75cHhM6VsGal9vYr4xnx5yc6TUtMxWE-2BpoTCot-2Fy3=
3heXEwl8Y3k9NBj6g7-2BRCmgcPAlaHWYfVsgNd1idwfUsSFKXtFpuGRAjUmTuJg1e4Mjignpuy=
KPAPU35RRLy-2Bk615FRiy3mrCKkzThh7fRIC7oIKtrD3vpe3gITyQw7FKWFvtVeySaM4zU2NwR=
HqPOZGt00O3AyRFQx1hZ" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Forward Consumer Partners</a></b> closed its second PE fund on $500 milli=
on.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </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>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
%;">
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <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-2BaqM7ONnvsnswouzU1gh6PVHuZyg-2FKLIoigCDOliFunCM=
eh7pbMs8mOUMFwQ-3D-3DVpIh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuCu6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N=
2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpahB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7Gi=
nKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZ=
CUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMhaXEofbpoCbZ5zq1rjU-2BdDmKwh-2B3xRGsl2-2=
Bbyfhh62yoLOF1aiAV4I1vCdXTyFQAkMP9YDpUVDiOi-2Fj4pluPcfCIQb0wuHaUVB9vLsEva7h=
-2FmQdaHBgZ0Kie4RTW67VaFq8F5Cx-2FcQ5OxtzwaOZTMp1JtaDGLOLt6-2BqSqDlVu0BQNSfZ=
8dpWOEhw4L9gi-2Bob8zF9Yf7IYpmDstwweSWIbN5dmahG9XdBEiwDFXfVQ9JAEwfyDwTSaBvpg=
XnstiImcAJOY-2BVTVTFiO-2BSj61jmHLh3nDG" universal=3D"true"> <img align=3D"c=
enter" alt=3D"" src=3D"https://img.pitchbook.com/news/73471.png" style=3D"b=
order: none; width: 100%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <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">Given =
the current state of geopolitics, it is clear that electronics has emerged =
as a crucial layer within defense, allowing militaries to fly drones, shoot=
 down missiles and perform many other operations.<br><br>
                               Source: <b><a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzU1gh6PVHuZyg-2FKLIoigCDO29AYvfjMo9-2FWsefmrypHYA-3D-3Dm27U_I3w5d9c01g=
kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFF32-2BTnshftUNsuC=
u6oa6Ft5zlh4vDuaz54Zcu2Z1nLAuCyKJSs1O4N2GG-2B7ryiIypyBd6dtwL7g0qqirwKg1qXpa=
hB9mbTWlFz-2FJ-2B5HMRZwJ371LIHlRFbYT7GinKfjK3Ph9gTzIXuJzR52QfBUWkfpzACxzRor=
0d-2FmbNlcHCr7D14iBsYNAT-2F6R1MSbF76yBZCUt0tjlNCTCD92Z2ompUX2xyDeOqYYuAbbMh=
aXEocGJPmmIQpRHXHiIaKp0un04NMjYLDULcHrneFI4U3jwiUUOfRyx04NVQn2JODGPScEaw8U1=
tVOHuqu1sC2WjSa0MJZYl5yE4j3G-2BEZhG3oKo3C2fYv6PbCFYGy-2FxF3EN9RuDlxw2sh-2FI=
hWmBS1RkUjXJTk71yLXBoqyspaB2CwRSNE9qtFizv1yEmYim7c4V-2FBMfIZCvR-2FzvCzQHZr-=
2BPt-2Bh7r42m7FQWei4raCn8pRwbv-2FEt2ZwkUpumqoIM-2BzG5d-2FxPUoD-2B57wwizz1Gf=
qVKb" style=3D"color: #1D5080;" test=3D"" universal=3D"true">The Most Inves=
table Corner of Defense? Electronics </a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
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                        <tr>
                         <td style=3D"padding: 0;"></td>
                        </tr>
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                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
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                  </table></td>
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               </tbody>
              </table></td>
            </tr>
           </tbody>
          </table></td>
        </tr> =20
        <tr>
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