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The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters Why 401(k) cash won't flood private markets; VC chases AI inference startups; European PE investors eye old economy March 31, 2026 | Read online | Manage your subscription The Daily Pitch PE, VC and [...] Content analysis details: (0.5 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URI: pitchbook.com] 0.0 RCVD_IN_VALIDITY_RPBL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. 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font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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Our <b><a href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZYLYjVGPU= -2BkQFHiim3-2FCHZU9JqHnyfTgdWpRLZlG-2FHg-3D-3DF9-V_I3w5d9c01gkD8gLzFEofZR-2= Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOi= P4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNb= a3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2B= NRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o7= 7FyZFX85mbYoEDzbHfMNJs-2B8EyrJJiAp-2F4fkl7UFcCHpDk3FE2bLglQkTasJAER-2BK73xT= 3yZF81u0B5UBI69tmJNqKN4meSFt0cJIWYUV7dSXOD2KXJheLj31z-2BFImJkeW8Z4AwfFCTQoc= tlILUtw6YwCKxW8Bew0G-2BXRU-2F0WsHi9eJY43pTI7duw2gnS4UaHmK3WZMK1JqMlH91kBwJB= QJbBIWFsI0FAe6jsPBTS0xF1VKIYNriqkThljNTMooEvhfo9Uum4mb8kGkWd1-2BoE3NgLc" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">analyst note</a></b> c= overs the winners, losers and predictions for LP flows.<br><br> =E2=80=A2 <b><a href=3D"https://url6380.news= .pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns= wouzWZYLYjVGPU-2BkQFHiim3-2FCHvni7bU-2BreaFnh3W0sx0UQw-3D-3Dtbwl_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiA= lcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-= 2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53= uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EM= tdRPTQoU8aR0o77FyZF6zJIaT5Yb3Ol1Rn23NfQ1lsh5xSPNeWpwcSVvmnBwfn8qkpzd1IzWZqL= ekSozX6t0FGa-2FBKCc8ESi4cJsWxnzNQXIbl4tZ-2Be6xW7O-2FFqbRFW1r9f0nmRthqWzCNr2= IhFGi5-2B12E4LWoNeBJ-2FrC5GWuLc42wtfw8aNiwxY70jxX7vTEA-2F7Aq-2FpPBgwbBb553B= WebqNFAEQCNs2CGHhWoqTvwtNCSJgeL38GW-2BY7lOgk54hpfcNC-2FFxIG0Tjo7Zwl6oePQv1U= Y-2FXutcKRuQ85-2Fw" style=3D"color: #1D5080;" test=3D"">Sign up for The Cre= dit Pitch</a></b> for weekly news and analysis of the US leveraged loan and= private credit markets.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579258" id=3D"n_579258" 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;"> Physical AI is becoming key to= survival for automakers </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Jonathan Geurkink, Senior Analyst, Emerging Technology</i><br><br> Humanoid robots and AI world models are conv= erging on the factory floor=E2=80=94and Western and Japanese automakers may= have no choice but to embrace them for a chance to catch up to Chinese com= panies.<br><br> The global automotive industry is under exis= tential pressure. Legacy manufacturers have written down more than $70 bill= ion in EV-related spending, while Chinese companies have compressed vehicle= development cycles to just 24 months or less=E2=80=94roughly half of the n= early five-year timelines still common in the West.<br><br> Physical AI may be the only credible equaliz= er, according to our latest <a href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZYLYjVG= PU-2BkQFHiim3-2FCHHNlEeuZC0-2Fbk0hXIPKwfzg-3D-3DmxEo_I3w5d9c01gkD8gLzFEofZR= -2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2F= OiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaR= Nba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-= 2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0= o77FyZEtVbuEKZE6ZUwPM1gpuWBdBAElElTqn2Ii33rwSr-2BCZBHdndwApDB1UVN0HG5YeebRA= A4u6HNwSpJNjEKCyAJeDyfw3zaU6Vam2eoxg-2FDN84PRE3J2U3bhHUObTELc0CsbOK4IgtrdX4= 1EwZlsGtE7DAjskKb-2B-2F9oH85CFAmWrghMNXuTD5YhlKXsxAVYeHSuIQ8Z1im-2FpFjYXq2E= 8KTGlShI23PlVdACpfuHGp-2B8mwQxqqHwi0elVOLVuSuOmHzIm8v8o7wGvd-2BgJaLgi63-2F-= 2B" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>analyst note = on the sector</b></a>.<br><br> The core logic is straightforward. If a BMW = or Toyota plant can deploy humanoid robots and other automation to radicall= y reduce the labor needed, the geographic wage arbitrage that has long give= n Chinese manufacturers an edge begins to matter less.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZYLYjVGPU-2BkQFHiim3-2FCHZ-2Bq= LpYyybhTCOOFNU6um5Q-3D-3DoIif_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ= 3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuH= Daz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7= bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZGWUQTVcRUUYq5QNTm= WGuHYgrB0okC4bZpthk90NTg-2Fg-2BacKcvwQpevHbMnp0wdBM3mdbuTbJJ-2B9L0bU9oGCIOC= fOFajJ8IsHx34sq3UQtZlvX880oJ-2FL7YVKGKEFCyJoz-2FcPQidWhBZqukqdeXpl7u-2FRnwS= 7NLsZI-2FOWlk4mdtaN9LKlGqrH2cxZkWw-2FMwCxXvDFBjBzI2QQnrBQyEfDjXS1R4kv-2FAJD= HbSMoUbCJG8Bts9qe-2Fznd1zIrHooKEwjuN-2FUM-2FK-2FOjNWl6l9XTqcxC" universal= =3D"true"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/= news/73519.png" style=3D"border: none; width: 100%; height: auto;"> </a></= td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Chines= e automakers are already investing in the same technologies and are ahead i= n robotics use=E2=80=94making the race urgent, not theoretical.<br><br> One approach to watch is Project Prometheus,= Jeff Bezos' next act, which has quietly assembled one of the most comprehe= nsive and proprietary portfolios of physical AI technology, thanks to $6.2 = billion in initial funding.<br><br> Bezos has also invested in Skild AI, Physica= l Intelligence, FieldAI and Rivian, and reportedly is in talks to raise a $= 100 billion fund to modernize manufacturing using physical AI.<br><br> While humanoid robots are not yet ready to r= eplace heavy assembly tasks on the factory floor, they don't need to be. Pl= atforms like Figure AI's Helix, powered by vision-language-action models, c= an take on the more human tasks like routing wiring harnesses and make an e= normous impact on labor costs.<br><br> The stakes extend well beyond the factory. W= ith roughly 50 million jobs globally tied to the automotive value chain, th= e transition timeline matters=E2=80=94particularly in emerging markets wher= e it could destabilize the job market.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzWZYLYjVGPU-2BkQFHiim3-2FCHZ-2BqLpYyybhTCOOFNU6um5Q-= 3D-3DiSGR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2= FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-= 2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBN= hb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZGyLY2ElHRd6phf8Mmzda-2BFB08vuWUY9msm9= GSng8swD1hm51lzMVAUJ5AW6jw-2BL44AnrIDhPefPVExRLWBHcSw5F1piOQv3Vf8hT6hJV4aJE= zdoVLqsy7R8qrKDyhyJRhW9MpXNa42x6s8f-2BQtZ44S5Y0msey-2BcEklSV6aSYW2GWW8cl0PK= 6roQT1bzaiTnYx-2B2vd-2FXUql1VbiBOemKFyEI-2FxZ-2FyWltw9AjL7mQBj1yX021PqIM9sH= r1eeyGC9oTQoGVc1t4obSQrfptoZAd8r" style=3D"font-family: Roboto, Arial, sans= -serif; font-size: 18px; text-decoration: none; color: black; padding-left:= 3px" target=3D"_blank" universal=3D"true">Read the expert analysis<img hei= ght=3D"24" src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png" s= tyle=3D"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZYLYjVGPU-2Bk= QFHiim3-2FCHWLRtKbA-2Fy32uvEdjxcY3EA-3D-3DTOsP_I3w5d9c01gkD8gLzFEofZR-2Bh6V= warHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-= 2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AO= G1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO= 5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZ= E2kfrAgptlX0GT0sIkzYDhBPsgURk4cL5En-2BBMyFkkzfsppNq-2BBUxVGcub-2Bah-2FvKuVt= 5wT6dWB9-2BtlJu36BuAw7L4qpQLpiCrU8VOCBwnEzQvurCeovWIoyvdYRIXmZhGPdwwKz-2FK9= VM8yVVdZ6Tfm9iDGJaXXdYMVj1YR4gwE2dzl9P0TaFT0lrAKONJ1g-2FTk6f40TeG-2F3VhyAYi= 8wDbaZLOZk9K-2FyxBNSMftKC5scKBWx5-2FYJZS0d6o-2B1bxyXI0VLdUgerISuQZKCA7d2GkY= " style=3D"color: #1D5080;" test=3D"" universal=3D"true">Q4 2025 Robotics a= nd Physical AI VC Trends</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from Forvis Mazars</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_578986" id=3D"n_578986" 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 AI shift in SaaS: From ado= ption to cyber ready growth </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZYLYjVGPU-2BkQFHiim3-2FCHHdtdNrkXfro= X2ufSn51vsg-3D-3DwwCY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS= 6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8= ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI= -2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZHa2q8SETFLrPtv0Aqe3UnFcr3= -2F3d30vE7fOqLFNXbQoFfvO-2BzEwJnY0JLatOhXnhgnWNznIQR3y3ff3TnOcEmWexv2aQIdV2= 14unz0ub6qUdNLJF6yijaYsXimdKk8qSTze0BgsY5QIk6tGFIDE8fQe7n1490yfYLS4txh5wqeY= rhHl4HVHQ6e-2BGxqVmouFGq12T9H6-2BVOp-2BwBmf17TIdfBDB9YvNWVT910GHLflZlIpo-2F= FPKuztOS6Ddp01U4VVJuo7eZ6yU0CMfHtS8xdn4K"> <img align=3D"center" alt=3D"" s= rc=3D"https://img.pitchbook.com/news/73427.jpg" style=3D"border: none; widt= h: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>In 2025, AI moved from experimentatio= n to execution, driving valuation and performance in SaaS. Investor confide= nce remains high, especially in enterprise SaaS, where AI integration and c= ybersecurity define value creation and private equity (PE) dealmaking.<br><= br> Attend the upcoming webinar to explore key t= akeaways from the recent report, created with Pitchbook. Topics include:=20 <ul> <li>Exclusive Data: Dive into PE dealmaking a= fter volumes reached a decade-high in 2025.</li> <li>Leading Analysis: Hear tech and PE leader= s from Forvis Mazars discuss exit readiness and AI's expanding role.</li> <li>Market Outlook: Gain forward-looking insi= ghts on how AI and cybersecurity will influence investments throughout 2026= .</li> </ul> Discover how these powerful forces are = reshaping the global SaaS ecosystem and your strategy.<br><br><a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzWZYLYjVGPU-2BkQFHiim3-2FCHMVlCm1LDkxR-2FQaeIIhP1Fw-3D= -3D6fSX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FI= CDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2F= D0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb= 3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFMzibg-2F9Z5xaiESaw225RdKMa8QqQv9yOSYHJ= zCRTQrGxzKjtvPt9P3RbyqoTmmBeGqabpvvgsP0rrPLHK-2BB-2B7k-2F0ZFMfP6ku1tdWZ8Cnv= XQ4xbyiQQeaJTcf5Ds7zG6maLqh8nVd3u-2F-2FjPtxHnOIN3LmeS0gWsdDojwDb2eCtAu3tlgv= 9D-2B2RvXceFm-2FjvpvOrI6nvcCXy9E0Gla4LC7YQTd6mGx8Q91hr1mgVTaYJB1RrKy2-2F9CI= cKb7OQfwFIFP5Iwq-2FtTUgHm-2Buvi-2BURrx" style=3D"color: #1D5080;" test=3D""= >Register today!</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>VCs are piling into startups focused on AI inference</b>, which is s= haping up to be a recurring-revenue business. <a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzWZYLYjVGPU-2BkQFHiim3-2FCH8G-2FGGL1W6j6OESfiechHsw-3D-3DcLU2_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BI= zJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sq= jX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJ= hIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1= tDw8EMtdRPTQoU8aR0o77FyZEyBTqn0ixQuAhRI-2FN9D6V7o-2BhSfUtGlyhTM9-2BBhCZG0jq= hbbcX8AObI8HRAtjDQicy0cOkib8uYgG8UC7gzY1Zhcgu6QI27acSby4U4S0RiRburnMs5asdG3= cavND1llIxUdLTt-2Bf5kKX2A7buS2q1wHFCmjNVCyBrENXSgVb6t1FUdzfcEeAlI4U2Ib64g99= 1uUA9GX0TRaY790krD-2FOgHY4y9YUPZaQ-2Fhd-2Fz98Yt-2FXpovSuDoi8B-2FiUM1lLR2DQO= znhnrraPxlnkrUwdS33w" style=3D"color: #1D5080;" test=3D"" universal=3D"true= "><b>Find out more</b></a><br><br> =E2=80=A2 <b>London-based private credit man= ager 17Capital reached a final close</b> on its latest $7.5 billion NAV len= ding fund, which is nearly three times the size of its 2022 predecessor. <a= href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br= X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWZYLYjVGPU-2BkQFHiim3-2FCH9Gd9x102ZJD7= n1euYRLXbw-3D-3Df6Hs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd= WeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6= wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8Z= KxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-= 2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZF5jlKuPB87JhRoHOjL7JRf0JtU= M1PBnwwcNqeGheqhLZRP2I-2F8osnhF-2FO1t0YWAOopBTbQPKZDlsXadSKxrzZnBuLrQzct-2F= 95eTuviZF0jxcB4f0Vcak4XLBrnzvuKwm-2FHIt1JE4z73iv3lwIQmZ-2FYidMsKg6rVbPY5Ql9= GIorIzm0-2B4Wjz5cnSVgIlupbvdGTL-2FplQYGj6k19PsPqcLgpk-2BKD1JDAyA51u6e9cs1cb= 9JvELSDQmghLu0g0rh-2BlCVe8mAyy3-2FS74nPw2UtcNmf" style=3D"color: #1D5080;" = test=3D"" universal=3D"true"><b>Read more</b></a><br><br> =E2=80=A2 <b>PE investors in Europe are turn= ing to the old economy</b>, as AI disruption and heightened geopolitical un= certainty underscore the importance of tangible assets. <a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzUFvNNKGAKWuBmhfTssk2sqSzabCV0suGd3G0vLZUjrDw-3D-3D174-_= I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco= -2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KAC= F5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC= 2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7= UFp1tDw8EMtdRPTQoU8aR0o77FyZGxqYHfQ3g-2BXDtCZJ3p39ncba4j2OHx2VzBAiOesWEeNzx= R-2FEVc9TdKNs-2F4h-2BfiFJ5O9DJ0V-2BvOxfbsWMeQB5GlMbGcAH43xzIErtwfC88uZcQPZX= E-2BqKVAOvDM7ahI4SukWx-2FbUV0irix3LWVBmGoV7r5Q5sqAnwyE2uyBc9iK7yvKma31lbpNI= Ur9b4M9HtsL-2BCM6cXVJRzgB7kRrX2b0nNauyPQe2vEhHAW6KSlQhP8Q7iCTy-2FqLwnhlVfEd= RM2qYeB7CyylBivsXFUdXsO0" style=3D"color: #1D5080;" test=3D"" universal=3D"= true"><b>See more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579272" id=3D"n_579272" 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;"> New rule clears way for altern= atives in 401(k)s, but don't expect a rush </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFvNNKGAKWuBmhfTssk2sqDnfV8nTiR= 6c9tq9h8kXg6Q-3D-3DSc0C_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVE= GS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5= q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuS= DI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZG3RtCiNE1NXGMDF20TFVLkf= OcesfAwWNHON1ftI6QEY43JT3itDz0nyk32r-2FQsF-2FsmxVCG8c0qwRhEHNxemejJFFuSOlni= W-2BJLRSvMOwPTs1yb6dFd3Ic0ctKo1qyMj-2BwwpvzrxcEGSjTusyl5uqyZrYwbYT3GMFBBNaV= tDMPrUDZsSDbkgN-2BwT05d1xjFVXfrV7P-2FB-2BmGwUpA3nncuokHASpo6NFpkweb2z30ADRi= fHJ4MG6X6kWYtKo2EHJf35eqzHSxAijH5KGchudY1GSL" universal=3D"true"> <img alig= n=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/73533.jpg" styl= e=3D"border: none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Jenna O'Malley/= PitchBook News)</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"><i>By = Hilary Wiek, Principal Analyst, Fund Strategies</i><br><br> The Labor Department has proposed a new rule= that would open 401(k) retirement accounts to investments in private equit= y, private credit and other alternative assets=E2=80=94the kinds of investm= ents that have historically been available only to large institutions and w= ealthy individuals.<br><br> It's a significant win for Wall Street firms= that have long lobbied for access to the $14.2 trillion sitting in US reti= rement accounts. But getting these investments into your 401(k) in practice= is more complicated than it sounds.<br><br> The rule is designed to protect the people r= esponsible for managing a 401(k) menu=E2=80=94typically a company's HR or b= enefits team=E2=80=94from lawsuits if they choose to include these more com= plex investments. The catch: It reduces the risk of losing a lawsuit, but i= t doesn't stop lawsuits from being filed.<br><br> For employers already nervous about legal ex= posure, that's a meaningful distinction. Defending a lawsuit, even successf= ully, is still costly and time-consuming.<br><br> That brings up another problem. The people d= eciding what goes into a 401(k) are usually HR professionals, not investmen= t experts. Yet the new rule asks them to evaluate factors like liquidity, v= aluation methods and risk-adjusted performance=E2=80=94sophisticated criter= ia that even seasoned investors wrestle with.<br><br> Even fees might seem simple to compare, but = many investment products have layered cost structures that a single number = doesn't capture.<br><br> The rule is also broader in scope than the i= ndustry expected, covering not just professionally managed portfolios but a= ny investment option offered in a retirement plan=E2=80=94raising the stake= s further for non-specialist decision-makers.<br><br> The timing is also notable. A significant po= rtion of private assets proposed for 401(k) products will likely be in priv= ate credit, and these funds aimed at everyday investors are currently seein= g unusually high withdrawal requests, signaling some nervousness about the = asset class at the retail level.<br><br> The rule opens a door. But don't expect empl= oyers to rush through it. Our analyst note from October takes a deeper look= at the introduction of private credit assets into 401(k) products.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzUFvNNKGAKWuBmhfTssk2sqDnfV8nTiR6c9tq9h8kXg6Q-3D-3Dx= nUu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45= QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ6= 2KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul= -2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94= ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZHeY3ZCc3Jihu2QqaSRDKYEfEdu1z0qRvIsLQSS45V6b= OdMdcreke3kW8ZZWqAerQNPopHKgFdlbHCQQyCeucLVPpiGze5fiKxlr4CKrjE8A4NDlFG8j2Zj= s37FFyiEfQ765X1bHs1wohuubJiXKBFbD8yVt8yqr-2FTZRGAaGanYPL-2BXVkSLq4J9Yd2TjCy= c3-2FOIDAwC03Fg9SLosT9Qe98QHoFFQRLq-2F-2Bk8WZx5yyLKj0arYokW0yf2kayBhzK5syps= KSC4vcI373asSPCNvTeI" style=3D"font-family: Roboto, Arial, sans-serif; font= -size: 18px; text-decoration: none; color: black; padding-left: 3px" target= =3D"_blank" universal=3D"true">Download it here<img height=3D"24" src=3D"ht= tps://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-ali= gn: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFvNNKGAKWuBmhf= Tssk2sq0W3ARoGyPb7A7f-2FGMlHhMg-3D-3DY_lM_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2F= RN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H= 9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkG= pXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFV38-= 2FQfZKmIFQsYVMWFKTS4NaRQo46R-2B01DJYKz03yG7738objbD7q-2FiAVJZzoo-2FCzDHK1c4= gGrpR4zCTuKXv5Z1KRig9-2BkrFbGA6FKe-2BzDslgkz7ltd79n5Pr2mmnNF5f8F7oemA1GGKve= xVLLxTxjL301EqguOmiFqspQpuiWKjnCmrwHaLc0V1bH1K0Bp8mgOuWybGqKQ3hZMMBeP1YJRBo= ZvqCXEHiFl2kBnuGBIOjHORZfHmQpLOs4rr6fvQSAls4yEggvKcCf2j4siLz" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">Private credit moves one step clo= ser to your 401(k) via Labor Department proposal</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>The US military needs cheaper i= nterceptor missiles.</b> It is using million-dollar ones to intercept cheap= drones, but some startups are developing much less expensive alternatives.= [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73Br= X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFvNNKGAKWuBmhfTssk2sqFZNHMlZUKaonVUl8= OlzGVw-3D-3DlXFj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUg= FVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHm= xf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKE= KjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiG= S-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFHSGy8Et2fb7lDHp2kKjcKGLN84WbD= cVsrs84dQ-2Bm-2BVUROyydip6gy-2BtEA6eceJwb2Mj4MiWdmS14I9m2KLXQc1R6KvFl0zbevL= WPr2zeUwgWgCJC80YnQ4-2FgKCBvbMpe7Pe41xdWkJ0OE1OVBgQLXgpo49jP-2FVn859fF4BaTa= 2iYTgGe2jzPicWa-2B7xuhIWn1GlddMPPN1J06WN3Hf-2FWQp-2BAnWFByw6QZzdDASYuFy130s= PZ6AN0OTPvhHFoyWKmH7inEx5t-2BJ3DPjlvheB0I" style=3D"color: #1D5080;" test= =3D"">The Wall Street Journal</a>]<br><br> =E2=80=A2 <b>Bluesky users overwhelmingly re= jected the platform's version of Grok.</b> The X alternative's new AI tool = has become the most-blocked account on the site behind Vice President JD Va= nce. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUFvNNKGAKWuBmhfTssk2sqraawPAzl774R= qfbkNq5CYA-3D-3DBt54_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd= WeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6= wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8Z= KxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-= 2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFv1ag7x-2FyjanyVy4JEjoiBcs= xeuTY80ZqrVGVZQK0biG3SUri4KC3ejKQWqz6n8ubbb8RfpHnB3ATXJyFlxW8ReYddg2WVKipG2= QTE7uP3LD7gPOObiTxdj4T2vc-2BQF6yTioeT5BSBWvEzqoLPLXfi9EcXJBmMkDKVmVpZ3pwZ-2= FHuIIW5JRvlkqdO1UrcckBcIdhKSdE9Ni4qGFYKQLhJRWwppAZWivlPalu4i38kJU-2B86aWn8C= UCPVeVh-2FyvfIFYpsRg9O5d72CSupRFY8uDE" style=3D"color: #1D5080;" test=3D"">= TechCrunch</a>]<br><br> =E2=80=A2 <b>Apollo Global Management is loo= king to the South.</b> The firm is planning a second headquarters in Texas = or Florida, where it will focus future hiring efforts. [<a href=3D"https://= url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2= BaqM7ONnvsnswouzUFvNNKGAKWuBmhfTssk2sqoDewy-2FExkO1knTR3iDh0UQ-3D-3DjNQN_I3= w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2= BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5= sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2i= FJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UF= p1tDw8EMtdRPTQoU8aR0o77FyZGu69iqaBYTb-2FWszf6cJVfPbWO937RAMYcnpYLFESR488ffw= sFWYbnVZugE76Ir3b3SKVI20e9oO6245hCBrUiM0JFTaNZaJaFrO9UEOjWUJPP5v0XkzSYPyyGx= JkLIqpSxtLGQaWPZxjGIVvSYbbTsQxip2DQDQQpekgxQ3Co701GOfFhlRffdr9Qi-2Ff-2BD1Y-= 2BLWxZazajtVHsXMzOe9JJLJarriJsIuBVcsQxlAIwiJ1cJAj1ZpxsKiB3ZBJhuyE3SRc6J5bDf= nLmwjLO6Hx1y" style=3D"color: #1D5080;" test=3D"">Financial Times</a>]</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table 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-2BaqM7ONnvsnswouzUFvNNKGAKWuBmhfTssk2sq7NbFErtEsZZHuUdhj2q56Q-3D-3DI0x= s_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QS= co-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62K= ACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2= BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94Re= 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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;"> 782 </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;"> 2470 </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;"> 1145 </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;"> 48 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding-bottom: = 13.3px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzUFvNNKGAKWuBmhfTssk2sqQTxRL78KU6s5CfAVLw2FgQ-3D-3D0c7= T_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QS= co-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62K= ACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2= BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94Re= O7UFp1tDw8EMtdRPTQoU8aR0o77FyZFmzJMbQwyXlG-2B1KzQFofAL44eHzI4vitzFbHt1u1LPh= qLRi1IThVJ-2B-2BT3UmTcFS1pvxyP6Iy-2FR8BGMtsm4TCZCmz776Zexuo1EXureaDg7ExF2Ka= HX6pDBs9Rj3Q2lqR9P0ym57P4YoLsZuRhzzI8ZmeqZp60H6UnKGXvi4PJAMfgm-2BiyzLGnbRIB= WgCNitske6639S3jYgq7ilQ8EAdeXXKh5H1P-2Fiq1dCVKbkl2cN1CaDrMHiGYrBrMd3zqIIZKA= uXldZRoydltebgtipc69" 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;"> </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_579260" id=3D"n_579260" 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: 2021 Vint= age Global Funds-of-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: 71.45818935729095%; mi= n-width: 71.45818935729095%; max-width: 71.45818935729095%; background-colo= r: #1D5080;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">10.34%</td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Top Quartile IRR</td> </tr> <tr> <td style=3D"padding: 0 0 12px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;= max-width: 100%; background-color: #40C2C9;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">14.47%</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;"> 0.05x </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= swouzUFvNNKGAKWuBmhfTssk2sqslSeJMYqATNKmcb0qb5dAA-3D-3DQGoM_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdO= 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valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzUFvNNKGAKWuBmhfTssk2sqRAJHO08TMnq5QuC8mAWgnA-3D-3D4Uf__I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdO= EUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y= 7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofo= ZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPT= QoU8aR0o77FyZFRrjmC3x42YnqIOVIW1D4KOXTMPD7JHUfBgBrf-2BLGSFJFXVM-2FHQnxmIQha= Bv8ayLAoqLhydKmedJPA7H0pETCsGqmQAEuzAOU-2FnjAxxIIM2BIVHaNKeDMpFK6DqrHtWOAZZ= FzXpaPzNZN3-2FgSeQVJWM4WLrVYX-2F6fe4w-2FM-2FRFw4-2BygAsvsawLRZZskjR0HQ30A3F= OVeYtoGQFUtv76a2isW2mVgPWsA1o6si4LFdp6YNcKZ0kk4mmTQ0okeRpPfMj5Xw9nySFFxaR3m= 5npovUa" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univ= ersal=3D"true">Cedar Street Partners </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= swouzU4LzD5RvdzSQQEu7J6z6urbhSCItyczgbK8noVOP3Mcg-3D-3DPkij_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdO= EUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y= 7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofo= ZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPT= QoU8aR0o77FyZGvtlxLMP49pwP-2BcijG2xm2ZxowBa0LdzCdbsx6rCjjOxgdgGGCTqHvjmtufI= f0aeGsPnfxnaO1diR-2B0c1d31-2BxvUEgQQcOJRiUhfQftX-2Bb8br8n4sGMAA7wAfxf3oDMOm= 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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-2BaqM7ONnvsnswouzU4LzD5R= vdzSQQEu7J6z6urjiS-2BwGfDC010jtX-2BIsw7YQ-3D-3DSIoK_I3w5d9c01gkD8gLzFEofZR-= 2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FO= iP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRN= ba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2= BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o= 77FyZEFeYS5zDaXj7EcGjGEwng-2FvNXwneM4mZLMv9j6rrcI2hCtvnPaoYEBSqY9FawiZ5WMH-= 2FPGTtaquIv316GfP9g0B824VW9sTjVd7we4ppN0x1XBHksn75WwpISqqS3V56wlGvCcPpsKb1X= rfUP2Odc-2FP1WS6V6CwGDW5aoLSWAyVNFWTe9kWyh2kzzXkM-2Bp1BEwp8ymoLWR92qReDvTGk= KKx5lMM0LrUC4-2BvIEDG10irwFDbaylhQIlZzusfLIpIfRl8rOTkFl7pJqdMoXZIHTd" style= =3D"color: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a><= /b><br> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzU4LzD5RvdzSQQEu7J6z6urHEd5VTm-2FNq0F3W0P0BA62Q-3D-3D9= juv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45= QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ6= 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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;"> </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-2BaqM7ONnvsnswouzU4LzD5RvdzSQQEu7J6z6urR-2FG8h7UzyugG8pb= Yj8U8qA-3D-3DbxXX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCH= mxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxK= EKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2Fi= GS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZEeMm257gdxjnxLUr9-2B5SZfrLsG6= qiI8oIgEOfFewIHVaH60CcpQGGvTTuGUkmUZiqX6HzCRqTqXGA-2Fl3t9-2FodNBpGJ1PohYorz= YfONTYmrWuQ0rzEOqtP1zOPA2g0gfg-2BEu7blNTg-2BEg4pqfQto7Nsya-2BjtIIJLtXzGS3jF= bPiP0jOzQ7IHPXOtoztbo1vNzHd8cjuPUXoDrQPQ-2FM3paap0WxbZ7uXASEDsXG0dd1Ji-2FtI= ZtTNp8YOuS4-2F-2FemmQbXUf7JZp2z1S0avi1scyMWu" style=3D"color: #1D5080;" tes= t=3D"" universal=3D"true">Starcloud</a></b>, a startup designing space-base= d data centers, raised a $170 million Series A led by <b>Benchmark</b> and = <b>EQT Ventures</b> at a $1.1 billion valuation.<br><br><b><a href=3D"https= ://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr= f6GFa-2BaqM7ONnvsnswouzU4LzD5RvdzSQQEu7J6z6ur1HyhDC4e8AxDqRfhirUP1A-3D-3DZA= 20_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45Q= Sco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62= KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-= 2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94R= eO7UFp1tDw8EMtdRPTQoU8aR0o77FyZE4BxkA1oNdWit9Ztcyz7dWdnG5y5dIQQQYwVgFXSJXtN= TQQgchD0OnsSGSF-2BFWltan2BYEGLPKeuKuhhGGDGhEbE4TEvGUUUzERa18bsoNjXNam5VRNVN= dg1CtlKTMzrZfzxJzoXDuDLs-2Bhk-2BMQwLvLgPOWEZTh5U1LxeWf-2B1gWT1uvqhyuvR1pgn2= MPQ1c5BSFP8SMouU10aOZhb83rL0UdVyDrISlcX3tb0omX5f9qq4PWo-2F2N-2FXSqKTzesEoq2= qPr-2FCrdn03XsoqZLgYBZN" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue">ScaleOps</a></b>, which develops an AI infrastructure resource managem= ent platform, secured a $130 million Series C led by <b>Insight Partners</b= > at a valuation over $800 million.<br><br><b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzU4LzD5RvdzSQQEu7J6z6urfddp6Xyjgk9-2FS043qyo7wg-3D-3D6TEW_I3w5d9c0= 1gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpO= iAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2= B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy= 53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8= EMtdRPTQoU8aR0o77FyZGqLJyknXoTVeq9wsIH-2F-2F1g9re9Xrwb8BC1fGqzainjXprsxG7It= aUnRH4kRu3cligTnqeU6qR-2BK9mDmutW2fjat-2BdkmCghhWWunFvC4mbnadlJ-2FNt-2FZIwr= jPj6YJWtdcLPTNQhU6Np9AFLlYWVFFpfQ10oi0FvxpBHB-2B2RHUbFsmbI8hJaYGc2aihxP2pLf= wB-2F0d-2BFXrEKdWIozpsUf8W-2BoCmgCBv9BW3kKDuADpUK1q2QDpmBwwCZOjgDe7loG8cw3j= Vlf1-2B1mkek3Dm98muq" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Qodo</a></b>, a startup developing a platform to review AI-generated code= , received a $70 million Series B led by <b>Qumra Capital</b>.<br><br> Spain-based biopharma company <b><a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzU4LzD5RvdzSQQEu7J6z6ur9d9DOGDZv6-2FPPsQYOAfinQ-= 3D-3D4qKp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P= zsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2= FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-= 2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBN= hb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZEu-2BuSSc2p4VE6pJBtE-2FJz-2FI-2Bnje1J= 50U-2F3IQUXfLUdECf7KOgCA1lV-2Fav3JwZ2sjiP-2BLSDYX4n3O6W4ZdnhX83TPAnWePJbwBz= MUjfSxrle-2Bv6dqxxJeyH47bTSXugUSNbh12Q5W4IMIXluI-2FGJZPhE08W9vZ-2B0eEJoVMgi= PGk3Vjcluxd9EM1W1ni38AqNNUi0z0Y8GX9ZJTRHj7xZrcHNQ3YxTC0eKYgWj-2B-2Bc3lGRg-2= FqqRMOK91hpVw7CkuXwQsx9yD-2BAeMRd5R-2FLYCjsJVv" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Oncomatryx</a></b> raised a $67 million round f= rom investors including <b>Centro para el Desarrollo Technologico e Innovac= ion</b>, <b>Kutyxa Fundazioa</b> and <b>Ekarpen VC</b>.<br><br> Finnish quantum computing startup <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU4LzD5RvdzSQQEu7J6z6urk-2FDy3c3QLJnAt6n3InP= BCA-3D-3DOWfh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-= 2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjX= qtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2= BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZGgrssormvWmyP6NHKX4rhxBim2h-2BpEE= 1DnXFHvIJ2u3tR3c6DyI8LKV5iuzTOfcg2QXjWIkfdNLwN80RO0NDW6LQ7R0nSbCWs-2B4-2FRE= TWTm9-2Baob6-2F5DoNx-2BsiWq9vayh-2FtmeDD-2BxsdHA3SD-2BehThQMqYDMe4NYLLKjnfb= WR8TcEOh0UownUFjfShStw1TPldlaLGoK7noNTY-2BYwuklIzKaqqGfZgTBuclbqEF3fmPnyJE9= ytPImxOhD6uuFfKjPN0aGekPlgwPm8KncCu9qT3p" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">IQM</a></b> secured a $50 million financing package f= rom <b>BlackRock</b> ahead of its planned SPAC deal.<br><br> Berlin-based fintech startup <b><a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzU4LzD5RvdzSQQEu7J6z6urB4u0imq38tEvAfqdnCV-2Feg-3= D-3D8-Iu_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz= sFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2F= ICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2= FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNh= b3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZHBDzGnlr9bLM5L8oGx5-2BJH5JNvaumMH1dRVx= Kvo-2BekwO2Zo6ZnVcu2xXUtX1r9phKpHVSQb71jRzFE42Ps9nmtu3Id1zPiF-2Fz2RjGVRsnaD= yZ5ME3aNouwt38AvWT-2BGWvnzm5y5rErHFelRg0X6w5z-2Bh7x61bZslOAPEf8-2F0UoSzgpAW= JsbAjj9EAF4eqLJ4Pl63OdVRTFSgfDhenHpA9lQTXp756cYJ7XbpxKZEc1ZMUE2UAi0tZMx4BId= 3v2AFai6OjsP32-2BerOu6YWIVmay" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true">Midas</a></b> raised a $50 million Series A led by <b>RRE</b> an= d <b>Creandum</b>.<br><br> Private credit-focused crypto startup <b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVXk-2BkRA2Cb9sAAKCEiJ6dUR0scQXb6-2B5Clw= 0dlWdTUBw-3D-3DTGvJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6w= CHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZK= xKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2= FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFWGEzT3nFgbEb1x7To3h0UJp8gD= JKmoGJ7RhAyIBpCNd6vOojemiLPZmEwZHKHbiQ5ZnivLm1lMqnoKTIV1k1fY9-2BWIKrkG0LdcA= pVEDwKC6qntOBESt2-2Bn84v9jike1-2BmL-2FEfi5XZE30HezViWDjSz8BB8a-2F0-2BCirb1D= eaBGQmschx4S93DPWdci8-2B9dE2ZYrHTo9sAbq59yiWOktBqPL1WV-2FJlYvPxTMpe5qcCrSha= kyyzXBPlEKdPuql6voTkOAey-2BN-2FQSF3Pm8RVJ5P1Nz" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Valinor</a></b> raised a $25 million round led = by <b>Castle Island Ventures</b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Apo= llo Global Management</b> is in talks to acquire <b><a href=3D"https://url6= 380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2= BaqM7ONnvsnswouzVXk-2BkRA2Cb9sAAKCEiJ6dUiQkdFG9dbqWOGPs2oItzUQ-3D-3Deh67_I3= w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2= BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5= sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2i= FJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UF= p1tDw8EMtdRPTQoU8aR0o77FyZF5-2FZFMpKtpfHmChaeRbJXsmehKO7Q1ON36952qRgS-2F1P0= ZlLIyFfoon4DmzLD6hmEmsG-2FWbC1Do2Phuyas6YTkS8Ajr1XT-2F62-2Fbxdx7P-2FVuT5QVR= 5rj54CMHJReYmCxY30s10jph4tb-2F7IrgkN4yBah1yD93LAVR5p7jPvLDsE7y9lFS9ZXXE6gnH= ZDlQ9zyIgzD3qW0SnLIR7ZfE91s0-2FA38yP20HztqOPYCBWb5ZE8cyUo98T3jtlWzGDYiJx0j6= H1A8rxJLO7hplpTVXp9Y" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Atlantic Aviation</a></b>, a fixed-based operations provider for the priv= ate jet industry, from <b>KKR</b> in a $10 billion deal, Bloomberg reported= .<br><br><b>Astorg</b> agreed to acquire <b><a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzVXk-2BkRA2Cb9sAAKCEiJ6dUOB0rFgAaQf5C2-2F-2BxiZhO-2FQ-3D-3DYORN_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BI= zJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sq= jX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJ= hIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1= tDw8EMtdRPTQoU8aR0o77FyZFhwbMoONyPIw0saj9N5iXSCwP7r0m-2Bf-2BUAdBVQkyWskolgO= aO5wgVbuSgTysXl4645XQzETA-2BeCTtpmDO8Iv-2FTi-2Ft5SFPg3wtfNymqcwoAvaKdHZNW1K= 02tg2ccFQD-2FbS5y3w8tuywbu4Zzrkzr3XSBd62O-2FIfrqqRq4ROMUUerfUZ7RajKHADk8xKO= IF0WAbNMXepaVloBHaukzif5YyL1CrBYtKbhR-2B2OMtL84xI-2Brz6of0DYK5keGhNAZypdC-2= BXqmQGt7-2FNItyFfoKsDuNx" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">Barkene</a></b>, a France-based safety and security platform develope= r, from <b>Montefiore Investment</b>.<br><br><b>Lone Star</b> and a consort= ium consisting of <b>Sixth Street Partners</b> and <b>Centerbridge Partners= </b> are among the bidders competing with Austrian lender <b>BAWAG Group</b= > to buy Irish bank <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVXk-2BkRA2Cb9= sAAKCEiJ6dUb2fmwItN5XXhED5XJdLM8g-3D-3D8Kjf_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-= 2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y= 3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UC= kGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFQr= UBOv3Gp1wr-2FC53rlmIDZU9KfPORO6eT2PGv6n-2BOacuV5iUJNpM1bb5MimxMSFqaijROdItn= ra0Ksovg-2BmjqKnAfG4wbBbuBBbWmPfK0M-2BhvNqQuda3d5Q0LP-2Fg4G1UrDTUvxoqqKw2E6= G-2B0tom4ycK3wKbmjb3Em-2BsswEjw0aj1Y-2F5VYCRWcy-2FX-2ByEv95bfvk-2BgQAyOAez2= SYaE9NESfcq9egw5DalwaZW-2Fevdpuick8N1RuJ1PkLM0s3V0L8xTLrxuvRO5ac5PcQPW50c4"= style=3D"color: #1D5080;" test=3D"" universal=3D"true">Permanent TSB</a></= b>.<br><br><b>YFM Equity Partners</b> invested in <b><a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzVXk-2BkRA2Cb9sAAKCEiJ6dUayQaGEXw0rDwO3Q1EMFUug-3D-3DnSmH_I= 3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-= 2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF= 5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2= iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7U= Fp1tDw8EMtdRPTQoU8aR0o77FyZFfLv4IdgNFSq3TbjPsfEkHSmcK522ELgeJyz91-2ByiNEgAw= BFuEvcm0g6WQU-2F8lIfK1Afu7EVHrCBTJ56FyKYzbRA0e0qExPC8Kc4u2-2Bdiwvt2Kac9ENzj= e-2F1AVcnbM8dBIBEaFldw-2FU8DmsnyqewRNTWjotPvqBm0LBVdEL5GiStxrdzhNclDTNE8sJq= fwdKtlaLa-2BoAPyhjVCsoWOP1x0ZpZbRWhmPxfXNbP6pHOlAm4cuvseudgUiC159V5SoQ7msy-= 2BN8OmZFJgo7poxRi9c" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >Aura Life</a></b>, a UK-based digital provider of funeral plans and end-of= -life planning services.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Portfolio Companies</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">French= LLM developer <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVXk-2BkRA2Cb9sAAKC= EiJ6dU-2F0dormdWHW8N0tUO7uBryA-3D-3DOsvY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FR= N8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9= DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGp= XizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFuWDt9= WccIJdjvnoMgQ1qTJB0aZbX3AFk1esXByTvUKHPyzc8ozD48msTIlJW3Q-2BXrEvv-2BKjmhK2H= hdLk0VwhQ40lNnb0pQSkIPbyzxwCltrocdHF7C-2FdZ-2FYJXqp9qd84lgJcndwi7IM1-2FgWND= VkiqhC2fZfXrBPM8gUh-2FCW2sLxpAOVSF8EhLePI2eoaW-2Fb-2Bcs0aWbgLrjJxQJhySxkwMA= Di2uR6uhYq8sxPWBhn-2F7zZj23XDQlr2Zl-2Byf-2BQjU8Mx-2FBmh6Ye7b642nm5cUUNs" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Mistral AI</a></b> rai= sed $830 million in its first debt financing from providers including <b>Bp= ifrance</b>, <b>BNP Paribas</b> and <b>HSBC</b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Sys= co</b> agreed to acquire food supplier <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzVXk-2BkRA2Cb9sAAKCEiJ6dUFjICKont0Wi3sL0v6C-2BNuA-3D-3DPMwn_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiA= lcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-= 2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53= uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EM= tdRPTQoU8aR0o77FyZE8nCGmfuUTGea-2Fp-2BdwqX5zasEGkB5OzRxegD2BWsVrFZGe4dTsYpi= 4XwALfmwH5nDVJZaU0bt84J9rkEtzDoWyKqC5NBRkJcuJ8f-2FqXL02uwX-2FlFsvg5s-2Fc-2B= -2BMcjiUe7RhC5uz6hcXpFOHO6pBZMOfN48mOAYFWKQmKBX2QslThhyDl6dRgpvvuxzYByzPe4o= Zdi1XW4IaEYOVbI6IJ8meO9eF1GQPUTA8AZ-2BIuRHQejOutUbOsreZenxarSS2f6yE2edbCy6I= 7FG3GaVF-2BD1r" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Rest= aurant Depot</a></b>, which has been backed by investors including <b>Leona= rd Green & Partners</b>, in a $29.1 billion deal.<br><br><b>SpaceX</b> = is in talks to choose Morgan Stanley's <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzVXk-2BkRA2Cb9sAAKCEiJ6dUgLbwE5g56lXQWbQPd4LHXQ-3D-3DB-aR_I3w5d9c01gkD= 8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlc= SdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B= 00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uX= ofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtd= RPTQoU8aR0o77FyZHwY51mliCc-2BryWC823PZAQX9G8Sm5fxneeq3Fy-2B5zZtDyZib-2FoS20= AhYu6zVXICJfbMsS-2BqYkRfbpaMFwA4do2-2BL3mHYQhKf67ACoy-2FO7o6pVirNNZxyILScwW= uOQAr-2FstxNdSPnysHoHd-2BJpSD-2BkJvmEU4dKerrUghKa1-2FmKnJTNYGdsc-2FESiXrjZk= bqS-2F8qEmwJrD3-2Be1TefU5uWUcHfNmxAvUXsLPD6bCcg-2BEFQCzo7MEKlKunFh71WdAuq3o= xVgvOlQf2Pscg4vboagDYl" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">E-Trade</a></b> to lead the sale of shares to everyday investors in the= company's IPO and leave out <b>Robinhood</b> and <b>SoFi</b> from roles in= the deal, Reuters reported.<br><br><b>Altor Equity Partners</b> and <b>SMS= Group</b> are exploring a sale of German industrial services specialist <b= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVXk-2BkRA2Cb9sAAKCEiJ6dUeSbDqnXCL4J= LXwHR9d4QCg-3D-3DfuJN_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS= 6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8= ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI= -2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZEor-2Bo9GjF7ZaMtp30p8PV0n= I6aUWrr7jCGLGKTrnWEkQtEKdV9hzKUUAelVOY-2B-2Fmqx3z2-2Fwx1EXtd-2FdZaolx4cdOKu= fB-2BarUIXpxXcRokK48EpMDKO67KRHqtJAzUVlZpbOoy0eTjkUVq43QUuJMfoqleG-2BTEJMfD= GBT4Bfctt-2BiCLCTKNxsDMCnYV7aEytpWtlJXtXaahhZqcBqdKwo3eSet3kLaY-2BgYpX3M9w5= R4V7qlkKCLAkAi8QQ-2FIYgCK56tPr5wtIThrGNWwyT-2FDtz1" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Kaefer</a></b>, which could be valued at ov= er =E2=82=AC2 billion in a deal, Bloomberg reported.<br><br><b><a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzVXk-2BkRA2Cb9sAAKCEiJ6dUudTA60K-2F4qBK0AAWTWYBwg= -3D-3DOh9G_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8= PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-= 2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL= -2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhB= Nhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZGoFRKmx9q7nIzqM-2FF5qt5JUGkW1Q4XlYcz= CdPMeXOFo4rXqF6u2Gamje3-2FwnXHUlkB8p3rV4qwSmIKeHGSzErtEPfix5wf5kfJx50zC6r-2= FoxK7PiL63L-2FAjuywxEJSGrYZ5TyxJY2zJ0UwGuOK8aPsHNgYltiOS-2B2ZI28AnpZjujpU9J= l1WGl2GGaj42Hwn1NnH0snbTOcMwRC0SsmmZe-2Fp6wCwiSKVAoau54k6tgTitq0WkUux7W2HId= 1FUAgu6nOKnz18GqmM6fagL7-2BeybS" style=3D"color: #1D5080;" test=3D"" univer= sal=3D"true">Yesway</a></b>, a gas station operator backed by <b>Brookwood = Financial Partners</b>, filed for an IPO that could raise around $300 milli= on, Bloomberg reported.<br><br><b>Uber</b> agreed to acquire <b><a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzVWdgEJTeZ9avyri6LjTeGD5b9ABeWS6dtIhonIOX9Nxw-3D= -3D0-Yw_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FI= CDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2F= D0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb= 3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZGwVp600B61OhlnfKD9z8yaxOeHRlVfpFkzHInYt= u9J2s1ybWZSDVmljF0Dr6iitUvpqed2hCo-2FyJoi97R7Uwn2-2BsMvw5UUOPPd9Xcc8ExbxA8R= epnmk9x40Bc0Engf38x5wWlXQK4h6krPZPlISyuzLfFFzh3N2LvhXw0fExQHuHAcqUtybSACxLE= QnHmxRuyFQ74AkaMmpopuOxKfe3CuBpW70Q3MAJxC2R9fcL3YM5ZP-2BwOZr8Y3FjrO2ZxYpIm-= 2FwiNQ5qhn5vf3Fy1XEU-2FT" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">Blacklane</a></b>, a Berlin-based chauffeur service provider backed b= y investors including <b>Tasaru Mobility</b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVWdgEJTeZ9avyri6LjTeGDD9ZLxWGSmIOMLM7yk= 9hkIQ-3D-3DUOvn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmx= f-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEK= jXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS= -2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFGGipOhiYuUuTrBz7tJAtJZND8ul05P= C-2FDP1p3CFuyguItiwY54Cb8AcrStkt6m6V11DIdBm2SBKLHlOoRTkNrG3NbvFmn8HIlociGcp= srEjZepFZdOy8rrRLe19-2BdZFb0EK8Yv3jhOLHEmFLT2Sy7c4K5kDPCjgOPRXDbz-2Be15H3rF= dO1NksFnHRIfWqQbGOMqN4RScfRJRyNvV0EXeJOy6YVdhWT9OXuJQS4TMj9itju9Jur0RdNT-2F= 8fpYx13jMoB4DxPMSOxUjdxWfhd73H" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true">Blackstone</a></b> closed its latest life sciences fund on $6.3= billion.<br><br> London-based <b><a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzVWdgEJTeZ9avyri6LjTeGDycJIRcJFSWPTRW6uK1eJoA-3D-3DAWF9_I3w5d9c01= gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOi= AlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B= -2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy5= 3uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8E= MtdRPTQoU8aR0o77FyZGmCFLdr95R-2Fb7TJ2qknHxPJ-2F-2BCIg3rR09JU6bef46N0EZ5mzyo= U-2FY5Cl2og-2Bzh-2FwIF56aeQs54wQQ3qxvi9clbREvOw42-2BAjxlHAsXh3f9DG79RquJoCB= OJe7elGS-2Bc-2FiWcUEuFKXNmZdoHStCtVR3TTGYrp-2FE9jjdqajjXCS2-2By0BCgf-2Bb9GJ= KwbL6ZUa6fLsdwr04VAVMqiyfcls8f7m1pYnCd64D-2B0hTZix4lQzkSlYJRiE9W0IXGIcIlJFt= Pgny7fMOVz2jCBfyNdmpQFO" style=3D"color: #1D5080;" test=3D"" universal=3D"t= rue">Inflexion</a></b> raised =E2=82=AC4.5 billion for its seventh buyout f= und.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVWdgEJTeZ9avyri6LjTeG= D5IZOQFsHxV-2FRV4giaInQrw-3D-3DlTUA_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQA= A01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMY= isiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQV= bhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZGFsEO0nxeOz= BIG5x0Ti7rA21R0M3PDclMqc2Bt-2FDStmUsCmr1KQ1zNEOWGdRcY05bVrGHknROI1s3vIiQiyN= zeyDmH6wfsK5sQswiev7yBhXp-2FBlq2iFXNAiH3XwVZ-2Fx-2BdJEjVBmL0CDmTBIusbMvQKJR= W-2FwRup0rdPf22ktikRnipiCwYt8MH4LhpzGzhfdbkuiKjsGsly-2FQpdaVtqpx0PYkqrcY-2F= cf5fl11nRb09kKUG8jl-2FhMGXFupRev9US4fH-2Bl1qEi2rLZvn7n5kXLYx" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">The Carlyle Group</a></b> plans t= o launch a defense-focused PE fund, Bloomberg reported.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Investors</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Ame= rican Exchange Group</b> is to buy the assets and IP of <b><a href=3D"https= ://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr= f6GFa-2BaqM7ONnvsnswouzVWdgEJTeZ9avyri6LjTeGDn4-2F252x7z9sihwn0rr-2FH5Q-3D-= 3DA6x6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= O45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FIC= DQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD= 0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3= L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZFdxRX2OsW6x-2BpbyzsUJEg-2BQBB9HnMpnRT7Tt= FuL-2BHNs4MBq0yul4Wz4GthTycPhh-2BstPC3TGQeuMR-2F7nKUGIQRIe1IKoMPcLaSf-2B9y-= 2B9NfUweDj46XOJjuGWw0rGYNoWfnp5ncVpPfqKTfSRtFMLin7MAEhB2mdXXvWdkZrPMqMdK5oR= 0YHInqL-2FraaowljovkdhNMlOPcPd24-2FzKrJzZGkxIzGOcqYrcaw6WZdNJflkV2gk00cEVh4= 1mxLQqFITcaVc-2BfMuqfZRsEaeOqmUxp" style=3D"color: #1D5080;" test=3D"" univ= ersal=3D"true">Allbirds</a></b>, the eco-friendly footwear company once pop= ular with techies, for $39 million. At its peak, Allbirds had a market cap = of $4 billion.<br><br> The <b><a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzVWdgEJTeZ9avyri6LjTeGDd2M6PeUHmmk3YcrCx3xrfw-3D-3DoV7n_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd= 0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TF= PuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwA= vCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU= 8aR0o77FyZF1dGHA891PRvExdzavMOPh7R-2FNzG56-2FzA6avmXc6Zk56fIMzL5-2BgjRL8RpU= oZW-2F7MbsL5JcHZEbAQdkVFiWCWhbQ-2BCaU0qF-2BqaalwaywrN2plsZkpobUYriy3I01ieei= Ya8k831b-2Bl-2FKhMbL779f0dtwBb1JkV09dHHVYW7SDP3sFV2-2Bx-2BECpvR7TjubB2wqLWA= 6HQlR5bp-2FQyM1kzJ8Fr85g0dsdSlxxEPy4Wj4kDhO-2FbE0ZykYsx54-2F51eYdddPaRSS1lH= 5qmxC1vYpDCLUK" style=3D"color: #1D5080;" test=3D"" universal=3D"true">NFL<= /a></b> and <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u= pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVWdgEJTeZ9avyri6LjTeG= DFGEiozNNc4bHHjQbkJNCSA-3D-3DnlCT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA0= 1UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYis= iGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbh= jfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZHGp5KhkbrzlBE= Kmpa9SSJCHD18xI-2BgBZwvQzDRQI0emS36wYU09-2BOkZv8-2Bl8GCdUv1ZtQICKg6w1Qxff2M= ZGMtOP6bx1FeoerPVNgP46pAlY-2Bv8xBoHqf1Ls0LE5ljrPhJ5sTa4R-2BQYxNXoKOxmz4JyLA= pFYW1NmiErznmfQfKz-2Bn8rIzmx-2BRXpS5D8erh1SFnbVO2tgxT90k-2F37aJhHtdgu7cEiW6= nV2sQSQZwxcDSGQQrle-2BsWCNSIrM9JEVjV7RA82oX-2BP-2BwMooaBKx0q0M" style=3D"co= lor: #1D5080;" test=3D"" universal=3D"true">TMRW Sports</a></b> will launch= a professional flag football league for men and women with $32 million in = capital from NFL owners and investors including current and former players,= other elite athletes and several investment firms.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVWdgEJTeZ9avyri6LjTeGDDwsKk99OM= IzFiyC-2FuQ0glA-3D-3DCjqh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSdOEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7n= VEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7= p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXofoZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQi= uSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRPTQoU8aR0o77FyZEei7evriu1SqnRyJPtl5v= eRnDiA7-2FnN9m-2BLtrbdABs4UdE-2F3e1bOSoK7TFsO1MtWsj4kpYcSe3FveA8gEy4s-2Fdgz= E07e0OICbbSbLcChMVrgy-2F-2B9q-2F32p0L0fliPRInBHF5Zp-2FJYbF2KK9HcXyylPBOE7BD= a0DfjbMnWCpG8bsLEj1Fc05Y9AO1SUgclK8gMPHO-2FjlDaCNLLP5wq-2BhZho9M4v0eUdgSGvK= RFiEiExmq9ieJWCLTHWyu3T4Mad4JHe41HnpSVRbr6bjSOcimpVY" universal=3D"true"> <= img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/73515.p= ng" style=3D"border: none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Privat= e debt strategies dominate the evergreen world, accounting for 55% of the t= otal AUM. But it is worth noting that private equity funds are cementing th= eir place.<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzVWdgEJTeZ9avyri6LjTeGD6B16SEeb8Wl8xl18A7HlzA-3D-3DXgde_I3w5d9c01gkD8g= LzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFO45QSco-2BIzJpOiAlcSd= OEUd0-2FOiP4S-2B-2FRN8BQAA01UXJ3u7nVEGS6wCHmxf-2F-2FICDQ62KACF5sqjX-2B-2B00= Y7TFPuaRNba3AOG1Y3H9DVMMYisiGuHDaz7p5q8ZKxKEKjXqtL-2FD0Ul-2BC2iFJhIxy53uXof= oZwAvCU-2BNRbO5UCkGpXizQVbhjfF7bRQiuSDI-2FiGS-2BhBNhb3L94ReO7UFp1tDw8EMtdRP= TQoU8aR0o77FyZEfmu3ssqGWpqjIBScf5Mvtj-2BcknWGQjVeEa7wBpg0UImAPv1qTAjTQ-2F-2= BKHWYHxwBFh7GvQO2MCPccMUMZUwGNV8hxKSS-2BOxIgiqdsPbCbOt47hl8bWacL1oph3nmFTW4= IMgUKElAwLxAE8vIigOMeeoETLPDDHdw-2FhTyTx0e7wvVi4H4AyC3IhSG1gA-2F74wKReSraEN= a3ETsV-2F5NJoizbG1cmU9s7m6f55DXDy5tiE8e9qYuyLuLyp8CIEKF-2FGzXxcnCDMZ2Ysz9Hv= 2a4cb4vl" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Q1 2026 US= Evergreen Fund Landscape </a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> </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%;"> <tbody> <tr> <td> <table lang=3D"x-sidebar-block" width=3D"140" cellpadding= =3D"0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td> <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad= ding=3D"0" border=3D"0" style=3D"min-width: 100%;"> <tbody> <tr> <td width=3D"460" class=3D"container"> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor= der=3D"0" style=3D"min-width: 100%; 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