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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 OpenAI opens shares to ETFs in historic round; McCormick to acquire Unilever's food business; record European VC goes to AI April 1, 2026 | Read online | Manage your subscription The Daily Pitch PE, [...] Content analysis details: (0.5 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- -2.5 RCVD_IN_HOSTKARMA_W RBL: Sender listed in HOSTKARMA-WHITE [159.183.175.69 listed in hostkarma.junkemailfilter.com] 2.5 RCVD_IN_MSPIKE_L3 RBL: Low reputation (-3) [159.183.175.69 listed in bl.mailspike.net] 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-size: 1px; display: none !important;"> OpenAI= opens shares to ETFs in historic round; McCormick to acquire Unilever's fo= od business; record European VC goes to AI </span></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); 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color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> AI gut health startups are sel= ling answers that science can't back up </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-2BaqM7ONnvsnswouzXlrOQWbNaGF-2B3PmFcA-2FG2Om6CQi= J7rLDgSCqrJT17PNQ-3D-3DG5_Q_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t= 1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1Rk= YC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-= 2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Un= s0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKQfFcg-2Fn9RZ-2F= o4hUPVanqOyiDZ-2Fz7VZT9Tz2cVITOyYRdGeW-2B5wy9ixU-2B-2BXOP-2F6nuemChn75A8blv= CNn7sWxTCBHaZDzL0qSh-2B3ziTc1hMTHPLphYtc9K7kRWW5ojblm5nWZneX5uFLzTkqfmGJ0Bj= EGZ48Nwgq6P1mLlgNRA9ynEvMEeKDgvZrVieAmeqpJu8P-2F-2Ff2WMO-2B3S2LGzijWjWwKlVQ= Rejbr609-2BRkO7IBOz7iH7dVQZ5q4DIbNm-2BfYxVyWdsByJKsd-2BfNgFXNnO2Ir" univers= al=3D"true"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.co= m/news/73560.png" style=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">(Chloe Ladwig/Pi= tchBook 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 = Rosie Bradbury, Senior Venture Capital Reporter</i><br><br> People's growing interest in their gut healt= h is colliding with the boom of harnessing AI for health and wellness.<br><= br> Last year alone saw $500 million in venture = capital invested in gut health startups, but there's still a lot the scient= ific community doesn't know. This leaves founders in a gray zone about how = to offer answers on this complex system we don't yet fully understand.<br><= br> "On TikTok, there's a huge swath of influenc= ers and everyday people talking about this new supplement they tried," said= Caroline Lippman, who invests in consumer health startups at Coefficient C= apital.<br><br> At the same time, consumers have embraced AI= to help them better understand their health. Both OpenAI and Anthropic hav= e unveiled systems in the past three months that offer wellness advice base= d on individuals' medical histories.<br><br> Data on every possible health metric has nev= er been more valuable to everyday consumers, and startups are capitalizing = by providing new streams of data and personalized health recommendations.<b= r><br> "We're actively building that feature right = now, we call it the gut health coach," said Scott Hickle, the founder of Th= rone, which sells an attachable device for your toilet that analyses bowel = and urinary health.<br><br> But Hickle and others are finding that givin= g clear-cut answers to gut health questions is not easy since the microbiom= e is a notoriously complex system that produces often unexplainable outputs= .<br><br> "There are companies that will give you tail= ored data and say, 'You should purchase this probiotic from us,'" said Max = Brondfield, an assistant professor in the division of gastroenterology at t= he University of California, San Francisco. "To that, I would preach a lot = of caution."<br><br> Khosla Ventures-backed Viome, for example, s= ays that it can offer more personalized recommendations than a dietician. B= ut there are still so many interactions in the microbiome that we don't und= erstand, according to Brondfield. "[Patients will] say, 'I tried the recomm= ended probiotic, and it didn't do anything,'" he added.<br><br> Viome has come under scrutiny for marketing = customized supplements to users after they receive the results of its testi= ng kit.<br><br> "As investors, one of the things we think ab= out is what are the things you can do to build trust among the skeptics," s= aid Lisa Wu, a partner at Norwest who invested in supplements brand Ritual.= <br><br> Still, Wu and others remain enthusiastic abo= ut the gut wellness craze. "We love fiber," she said. "We think there are n= ew opportunities to make fiber sexy."</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-2BaqM7ONnvsnswouzXlrOQWbNaGF-2B3PmFcA-2FG2Om6CQiJ7rLDgSCqrJT17PNQ-3D= -3DuRHq_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= FBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2Bbo= aXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU= 4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SG= ua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRtNzzUCqpKzybn5n-2BeiryAoBLIkwj85gn= LeNdv77AWDNKHluv4zE-2F9662SlJ0w5PZqzI7YrZbxHoO64JygueDnj9gWBFPRluakMsNL40rI= Ui-2FeCM1RxPuwTlWpQOZnP-2FQ-2BtYESHgailFMsy2iL8NgYMfgwSuJvvMcStnW3SLdJeUJyk= QD-2B1SoyR2TzBByQoN5kpOGoY1-2F4LDXysVAng-2BPiiikXvROUquMlwtN9YIlrknbi9RahQR= tG-2BxM0p-2FPRd1-2FAAjBQLZq9XajIJPBxHRxX" style=3D"font-family: Roboto, Ari= al, sans-serif; font-size: 18px; text-decoration: none; color: black; paddi= ng-left: 3px" target=3D"_blank" universal=3D"true">Read the full story<img = height=3D"24" src=3D"https://fonts.pitchbook.com/newsletter/arrow-right.png= " style=3D"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a></t= d> </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-2BaqM7ONnvsnswouzXlrOQWbNaGF-2= B3PmFcA-2FG2OoGOwpv6sB4aBJWV-2BrG0vZg-3D-3DHpSl_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyo= M-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2F= mzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B= -2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz= -2FoKSsNIAcgEmGslmN8GM6XZHRgSM6kpWC-2F-2BhDHei5EBb03s8qiPIjFQ2BfjIu5Z6XK74D= NmhP4Gyn1PwEM09eWw8eJW12cMYBzDWYIsIWWTKMow2xd-2BQIdGpJfrWofLCVvL7fJlfsPMvtL= v7aOWGCOc-2Bg-2B2lFSLYPBIEki22QuH6gZzihf08kHT4-2B2G4tgZivM-2BKGPTjnd711xGf9= XRAdqQyR83PHDhAtJOeh0P73oQQZ7TYdxKZUoNJJjJ3RQXtU7yIeEe9UPPtM-2FLwTECho2u9A"= style=3D"color: #1D5080;" test=3D"" universal=3D"true">Q4 2025 Healthtech = 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 AWS Marketplace</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_579257" id=3D"n_579257" 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;"> AI in financial services: trus= t, risk, and what leaders should do next </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-2BaqM7ONnvsnswouzXlrOQWbNaGF-2B3PmFcA-2FG2OHsMxEFaNF33= jdcCqoIfX5Q-3D-3D9v7D_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat= 2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQz= l10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2m= MYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKQHcm8i8zMatSLei-2BaTM= cMijzJ9ZgAfu7wsber5X046Vi25phYSQAS0L1eXxydqRoVfHVhDrX5drq2IkDQIsVwoPQvAPQl9= E3GbrMIWAFWDnjcIZ47CfnjhV11PahBQP6rRSufPcakl8JcmOshfa9gQgif5qSy1sPnTJb59lz-= 2FPpx1sPf8Dr5I7-2Fntp1IDsmXNuDnk6cPMRz3A3hAbdikeCGeJgF2TWrDfkmckTioQyuIwdxN= 6YR7Z-2BrqHiFi6eTf-2B3WNUe72CoJJuSyNWGM0XY"> <img align=3D"center" alt=3D""= src=3D"https://img.pitchbook.com/news/73520.png" style=3D"border: none; wi= dth: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>Financial services leaders must stren= gthen security, modernize legacy systems, and improve customer outcomes, ev= en as volatility persists. An AI-ready strategy starts with trusted data, s= trong governance, and scalable cloud foundations that enable faster, more t= ransparent decisions.<br><br> Join AWS and Moody=E2=80=99s for a discussio= n on what=E2=80=99s working now, what=E2=80=99s next, and how to scale secu= re, insight-driven decisions.<br><br><a href=3D"https://url6380.news.pitchb= ook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlr= OQWbNaGF-2B3PmFcA-2FG2OHsMxEFaNF33jdcCqoIfX5Q-3D-3DcK7a_I3w5d9c01gkD8gLzFEo= fZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2t= n3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI= 0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZ= TV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzA= MdwvvuAz-2FoKQ5mxTrAxSO8nx4rFXEyRdzkJevtuv7J3gUfaKYR-2Bk4kqFUifJRiJAwooyPP-= 2BzjEHLxw3ivBNUXBp27vD2qXARELHyixm2TuLSGoIuAkUte0o6oQZE7byHGv0Yu5KgptzJxZKv= -2BUfOqGgv3TWq3ZUH1ZOrp-2Fg3-2FP5-2BRnl1NaDUaEIIsc-2FCIlxIvcxbTSgE6VlbvqpPI= 1zVipqDV4c-2FHLyjW83jSYBNgBPSgZhepaf95u8fJC-2FAmy3J3eJ6G6QnEKco-2B3UbGR6-2B= Z0u01pOrxp38w" style=3D"color: #1D5080;" test=3D"">Register now.</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>Before its IPO, OpenAI is already selling to the public</b> through = Cathie Wood-led ETFs. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlrOQWbNaGF-2B= 3PmFcA-2FG2OSz-2BhXaM-2Bfn2UtDdV3KlCSA-3D-3D-3SC_I3w5d9c01gkD8gLzFEofZR-2Bh= 6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMy= oM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2= Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2= B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuA= z-2FoKTg4FnxG2x7ek69lcffHNCS5gvY3dDGXdw17FfzV2QuTFHb0CQnWuc4JIJk8fS8BULF-2F= rUdYKfPDuBipq-2BTmAotDVixexiUlz3ePR6-2FIOwgLh-2BFUmKN1pe3W0ZdDm5jFj8soEW5Dn= R9n25V5TLBar0D-2FpfaNjBozoW1xc-2BpyPSyhS5ilBwpHFQsr0YKnF3RKCIikT65zBZn5j7rU= vKNUSx-2FOE1-2B0c-2F6Uuao-2BUMgtIamqCa8-2FKEhCBQatKAq3O7vQCw-2Fue99JqKATZbD= cBQzRfbx" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Find ou= t more</b></a><br><br> =E2=80=A2 <b>The secondary market stands as = a clear loser</b> in the government's proposed rule to open 401(k)s to alte= rnative assets. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?= upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN= 7rbiDqzou3toKVrjVzXreAgQ-3D-3D9w13_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfm= zy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2F= LGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqN= gHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9N= X-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKTJsSg2V6= E6hxsSRt0p-2FAl1O7-2F01DcJmA4F7qgJyPZ-2F0eTAKt7BgFzDZRsBJMIDQR7ZkqBLy8CA21b= se3SRoiZVhI-2FDM9vIh-2BLxwRBeO-2BEz6jXNOIsdqgF16-2F1VjWz4tQNQrr2mVCV7NmLRLg= 8qQd9kjuCKxrx-2FoTqWQX7gzV-2FDXYwtm8gRRlAoDeSRF0jZlg5m7zNVw04OcXOM3fi5T7QvT= 9W4H5pjQfRpmAIGwq2UL53YtUZornZ-2FBparnM1DR-2BXcRPalGm8utLm2GFNE-2Fgc0" styl= e=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Go deeper</b></a><br>= <br> =E2=80=A2 <b>Evergreen funds may cost more t= han you think.</b> Prospectuses don't disclose the full extent of performan= ce fees that LPs are on the hook for, according to a Morningstar analysis. = <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73= BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rslAEed0JdevYDJ= T6I5KF5A-3D-3DjeP-_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe= UgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XK= EmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10= -2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYf= pSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRpVZm84vUfIM4g9atsloAUSE= N0Yvlulqn9SoYrIOhZqL7PUc397tnGcJAWRd5HXrucr-2FOl9K0r7OMSo0a-2FN8KzHpSmG1xOR= RpMO3eiMsWrSVUYG25iHcxLxvg31ucr7nqtpSAe5ML9m7-2BMdhNz8uPphztLHztkLBlTPivTqR= 6Pjegg0EzTZq3BxikzMVLqFxFUc1MChRKOTOxDVnf3XEBuPWdSE8gcAzbl13DeuUDilmmeFX3i9= BFJ8sahJrSNMxxiWnIHlp8bi3xGpor6BvYN" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true"><b>Read 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_579305" id=3D"n_579305" 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;"> Nearly a quarter of Europe's s= tartups are AI-backed=E2=80=94but the map is patchy </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 = Leah Hodgson, Deputy Editor, European Private Markets</i><br><br> Nearly 1 in 4 of Europe's VC-backed startups= are now AI-related, and the growth rate is only expected to accelerate, wi= th AI funding making up 62% of all VC deal value so far this year=E2=80=94b= ut a handful of regions and sectors are doing most of the heavy lifting.<br= ><br> There are almost 11,000 AI startups in Europ= e, nearly twice as many as five years ago, according to our <b><a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rIZandw43ax3adL3-2FicdpXA-3= D-3D1hKC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pz= sFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2Bb= oaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5Ktw= U4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5S= Gua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKS0dJxz3CoOmqj4c-2F7Hu8NbV5geisY9DX= -2BfaHT77kK09Y7NaEHTPUmNBxZYjSYrlFbQGCQLK-2BCdb5yokhcR5YpREG8eFf-2BvpDgUKT5= -2BG9bqAVAT2PKbd3n-2B9RGeF5Phb6bqv1L0VjzS2-2BKRpJkYvFwAdMcuqk6orgp9dmTp2JSy= MZSjcP3mHJQS5bjNo6fj5rWV9Q7-2BET7PeFymS-2F2YCg0-2BzQmS8f1a9DK4ercMklPs2qZHH= hlpTaVTIukODMQ0aD186gahpjgZr0ibFVsRLgC0" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">latest analyst note</a></b>. Just last year, about 800= new companies were added amid an acceleration of funding in the space.</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-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rWbtNVYM4u= w80ed-2Fbr6oWSQ-3D-3DMQT6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC= 3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2B= WzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0= Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKTG8Uvj38BC9cJMSOM= QzfYeEmvzYBHcLL-2FJW1-2B2C0RoluJ5d3t8Gy-2Ft6IP430PAen-2Ffk3j-2FlADZrFueu9Mj= XAQzBKol0iA-2FNcPkrRmVGmCfVDA8I84k3YCvbGckH4y5wUjB3zzgye2ZOyCTMfsxPzm0pGyi-= 2B-2FpUk-2FaWkCda3Brky2c-2BU4nqneJaXB1zICSwcXSAciPctrISspeEAaOmHPIIStGigUT6= F6NsdStPPzwRxJcxELOMOgsvwou20vknPVL9l6HoXKmpDDT6VUjYKqlr" universal=3D"true= "> <img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/735= 52.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">VC inv= estment in AI has already crossed last year's halfway mark, with around =E2= =82=AC13 billion (about $15 billion) invested so far in 2026. About 62% of = this year's deal value has gone to AI startups. In the US, the market is ev= en more saturated, with almost 90% of total VC investment going to AI, whic= h could make Europe more attractive for deals.<br><br> AI also accounts for a record share of Europ= e's VC-backed companies, which grew to almost 50,000 at the end of last yea= r. The number of AI startups grew 7.9% from 2024, compared to 1.6% for comp= anies outside the sector. But the distribution is uneven.<br><br> The bulk of AI lies in the early stages, wit= h a higher concentration in pre-seed and seed, where about 30% of European = startups are AI-related. However, their presence is increasingly felt in la= ter stages, as startups incorporate AI into their business models in a mark= et pivoting away from traditional SaaS.<br><br> AI penetration also varies across markets. A= lthough Europe's top VC hubs=E2=80=94the UK, France and Germany=E2=80=94dom= inate in absolute numbers, smaller ecosystems are achieving a disproportion= ately greater impact.<br><br> Countries such as Portugal and the Czech Rep= ublic have a much higher proportion of their startup ecosystems concentrate= d around AI than bigger markets. Smaller hubs tend to be more specialized i= n a few strategic sectors, such as AI.<br><br> The picture across sectors is similarly unev= en. AI activity remains heavily concentrated in traditional software vertic= als such as SaaS and big data, with comparatively limited adoption in finte= ch, cleantech and wellness=E2=80=94sectors where the next wave of growth is= likely to emerge.</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-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rWbtNVYM4uw80ed-2Fbr6oWSQ-3D-3= DuYj0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFB= JJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaX= KBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4p= iGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua= 935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKQNfJoQifaRFMvNFWzCNaYVXi-2BLXliFT75g2= p-2B03SQK9No3NDJMYwzc2eEjZM9hGoRgaXeBhws926Mx-2BiV-2BAuVPn4NM35x-2FtzZ2J28m= pDTV5KxKM7-2BbFNy9RWDFWpl9f6WRfAgj5Q1DwNWhWsDuzgpid8tQcZPsvIvwLkeaL8IIV7g4Y= JV0-2B4eZ5UrosO8EvcQ0apUs1DveJI6-2BUJopGe05ic97A-2F-2B8jnDLQJyCeWfoj2ZLd0-2= F5jd9T73pOT80ZjDJMncBFPZ18yonerlQKZngz" 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 the analyst note<= img height=3D"24" src=3D"https://fonts.pitchbook.com/newsletter/arrow-right= .png" style=3D"vertical-align: middle; margin-left: 8px;" width=3D"24"> </a= ></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated article: </i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5l= CgtDzN7rCoeD9QIkBpEpJqSUXfOHXA-3D-3DDAal_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27R= r54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-= 2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3= mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKQt= 9Eo675A3wwLj3dqyhMSKTZ7ii0Rrd9T4M-2BeMthM5Y4h-2B95fwi-2BISMxqxQGN92KVOzkIQZ= 4v-2BGcI32tbFDWBO74Fu78g-2BBZi6WlMFDH68Z9Wr64064ErtlR-2BDTMDE6PErlCTga8EqSB= uqNsI-2BF-2FTj-2Fhql2gGSSBAwhY6svNTqE5T5XAfu2hjKcqVAdmaqpozznpxVEQItF-2FPci= Msmu9mmnCVTxQmFU9VLNAqtJ82AhuIPX3r3nhnRXzfS3zXiHmv-2BobwagjWzmTvPurf1hKgV" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">The AI race is movin= g into the physical world, and Europe has an opening</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>Can data of over 12,000 junior = professionals tell us what it takes to become a VC partner?</b> See how fac= tors like race, gender, startup experience and when employees enter the ind= ustry influence their VC career trajectory. [<a href=3D"https://url6380.new= s.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzUdgbWweIvvOe5lCgtDzN7rnoCWYRMfswLrLI31ILkBSA-3D-3D6v-k_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2= gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrS= XGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKS= SHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9O= yUzAMdwvvuAz-2FoKQsZElj23m9lJI7WsaN0nqkj7f9eP4fgH9gh8kyvuP-2FAjD5ddGfhpd9KT= nDlaAuL-2F-2BklvepWfJDiohwfIaFnFSxZWsK8pOMC9SrEU9t15zi-2BrsRIi0bAdcZaZngt0V= iPnyAzYezqlaQx8WfoSmtjD0Bq6i2KW9byM-2B5Fia99N7FefW3Iy0x1l6zTRtss9-2FGekG8NA= 48s6A-2FjOnSjfEXy67K-2BF-2FYHfktI-2BYUUFpXo7QRCYlOE6-2BqDvi9O6uWsa149W46vqf= z0XWRz1Noinuxp1dL" style=3D"color: #1D5080;" test=3D"">Ilya Strebulaev</a>]= <br><br> =E2=80=A2 <b>Another long-term environmental= and public health catastrophe.</b> From air pollution and fossil fuel emis= sions to missile debris and clean water access, the effects of the Iran war= could linger for decades. [<a href=3D"https://url6380.news.pitchbook.com/l= s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe= 5lCgtDzN7rIFPDwL5jd6BZAkOapIByjQ-3D-3DXGK1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH= kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B2= 7Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2= B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAP= L3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoK= TwCoj8yNblJw9LfW171l-2F9cZN-2Bc0FXSRU-2B15iVA5uvyBkgnVwK1-2B9JX5cCixcO-2B1J= dOgB8ZEac-2B1a1Y7dnDU3Na5d4XB6xHqFxjVK-2B-2FIKeE-2FWViVyhx9uRpxe0P21G-2Bejj= 7ZH-2FrsjvtuD5mX9ZorguY3ZvegDxh-2FZujy4CrQtx9VwIq8xzYCpO2Zr0WO4IhteUmOvDCYt= ngReS8xy-2FHovCSl65jT0GmBX8mYhPqMdn5UbGPqkF3zsUKCe56KE0A5MxXtjNl6IlpnQ874vs= -2FAN3" style=3D"color: #1D5080;" test=3D"">Associated Press</a>]<br><br> =E2=80=A2 <b>Corporate landlords, which incl= ude PE firms, have changed what it means to own a single-family home.</b> B= uild-to-rent properties now account for almost 10% of American single-famil= y homes, but new legislation is pushing back on corporate involvement. [<a = href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rl32pu401qQwbcPMxlF1j3= A-3D-3DblXH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-= 2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5= KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahF= n5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRXpeW8OA11N5lPl6vKpTH2uashcSDBp= tLXDHOUDjLlpXuqdCcoF-2FEWScfObo7WAzv25nqLVSi0pZIaejs-2F6j14Sg-2BtZAuWA-2BBi= zfPSFZVOZ5PrOV50dfSwjd423tlmM7Qh5fOF6IE0CSU8vXo1LtjqJ9yP30OPm7V-2BUNGK0YP5p= bhl3x5vYrVGZ8Nn3Q1DPo4-2FDvdx7cafhulhhURoZUJZcWhnYtqmXzcgWby1jNYhsbfUCHlKlx= nFIfycoIR7aT8QB-2FtwXFKyXK4sfryo202m" style=3D"color: #1D5080;" test=3D"">T= he Atlantic</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> <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D= "0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 5px; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-counts-title" cellpadding=3D"0" cell= spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td align=3D"center" style=3D"font-family: Roboto,= Arial, sans-serif; font-weight: 700; font-size: 14px; line-height: 27px;= color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr= ap;">Since yesterday, the PitchBook Platform added:</td> </tr> <tr> <td> <table lang=3D"x-counts-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t= able-layout: fixed;"> <tbody> <tr> <td style=3D"display: inline-block; width: 25%= ; min-width: 25%; text-align: center; flo= at: left;"> <div class=3D"outlook-caption-override" style= =3D"float: none; font-family: Roboto, Arial, sans-serif; color: white; font-weig= ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;"> 881 </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;"> 2641 </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;"> 1172 </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;"> 69 </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-2BaqM7ONnvsnswouzUdgbWweIvvOe5lCgtDzN7rMatPqKjaOA61vowCMuDWIg-3D-3DCYq= u_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJya= a7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLB= Sk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDe= CtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J= 2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRDYrCGLyR3NeGjHTl-2BWALKcAif15fsi5ar0vg4O= 5bt92zbGuV3O8q0rKqM-2BVuDe3xf9FgQK4HzyA8npWoeyUaHT0K3-2B0Tosh4rMjcmWD7Ejxcc= 2su7OaZIJjdpieJq6fGmkQh0KF3r3-2BFOCB8ZRa8-2F2Kf6bli90rrHvAD7BDALVv89HHzM8J8= oNe9yHKHR2VgoWEQAZYne5pGiGFHrPpK2-2BsFoWD7LuQac8S5Ku9wFfFc88OlzOj1z-2F43Ur1= p5yPELupdyEc1yLk5l89QcVV97" 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_579315" id=3D"n_579315" 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: 2018 Vint= age Global VC Funds </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table cellpadding=3D"0" cellspacing=3D"0" lang= =3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: = 10px; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td style=3D"font-size: 16px; font-weight: 700= ; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1= 0px;">Median IRR</td> </tr> <tr> <td style=3D"padding: 0 0 20px 0;"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 61.61806208842897%; mi= n-width: 61.61806208842897%; max-width: 61.61806208842897%; background-colo= r: #1D5080;"> <tbody> <tr> <td align=3D"right" style=3D"padding: 0 4px 0= 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,= sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">13.10%</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">21.26%</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;"> 0.16x </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= swouzUdgbWweIvvOe5lCgtDzN7rymuzUZS0ZglRXNiHe7DjUw-3D-3DIJGf_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2= gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrS= XGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKS= SHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9O= yUzAMdwvvuAz-2FoKSIfwtfZ7hRwe-2B-2BB9YJgYXKamPuC1gzdLc2pqVXN6con8lw5ZMtbh0a= aqST-2Bd2UPV2Vk-2BOFw1u9ycdFpu0GMR0cMPscl1sXDF77f8fx2WIcqV0Ol6MZNCeNUT5qSnK= 7SCwxBDjrCatkM8wJZFosav1V-2BsFO-2BIRaIxQDksZ5ylXddFDF8UVa-2FyVOSW2FiHspwk7z= dtP93v0qcpnAEtR1J36rY1LKni698b-2FWrkRAG5uMlUajSEptXB1GHrqiO73lUAr3-2FfTpmB9= JO2Jxijx4DWeh" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;= " universal=3D"true">Inter-Atlantic Ivy </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= swouzWaGk9FGWkgRynoHnioBZdoUUOR-2FdXR2YA0OpKkI8yFJg-3D-3DP2VO_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8= k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrK= 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tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWaGk9FGWkgRynoHnioBZdobQV7K0-2B9SUtpWqP1727KVg-3D-3DaIR__I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8= k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrK= rSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrA= KSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC= 9OyUzAMdwvvuAz-2FoKQs-2FJT4jYMoclyg1pTnAGDIGXcOXCODPBEsji5HVd-2F-2BEIyJfHpk= A-2BMJxAYxZXb1dd0aWdx-2Bl-2Fa-2Bn6fXZIPZpfgrhGMgKbuTzVw4-2BkBfNYTLRDu6nZoxf= d0C4B01-2FTPxILE6nGtIxxesmkrEYfeTgGguxvFMDQsEK8Hl-2B9LxhFx6fC94wf-2BYdblVvk= jE0BqWsxlME5-2FbXT75euBhGYtMCgagljvZZAPI1dSS4HG-2F5-2FqW6WZQ9-2Fktm6YbEftXd= fOde2tgtt5ozLyCRIPzbLmgYJDr" style=3D"font-size: 14px; line-height: 24px; c= olor: #1D5080;" universal=3D"true">Forward One Fund I </a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"font-size: 14px; color: #78766F; = padding: 25px 0 5px 5px; font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td> </tr> <tr> <td style=3D"color: #1D5080; padding: 25px 0 2= 0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWaGk9FGWkgRynoHnioBZdoHAUuFk= -2FBS-2FCRfz1TY8C6tg-3D-3DtjaW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2= F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT= 1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPo= sN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B= 8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRAjkXfbndR4W= ueaH18dHqrW7yrHNyKQmG9I-2BAU7q7aREHmkQC1kROl5FwJl711jkjZCJnJBS76oywzgAr7Kag= 0VndrxUeaLheo08yVNUCcBz874IwDUnJh3RLKX1b1d8NOYyB-2BsxG2n6r38H4XEUtXhy85F4ur= g6J-2FW7LdrQbru8aY8QEYkv1hAoID2ilEJWyo2zfQQ05JmWtZXlfPvch-2Bu7VzqZnz32P-2Bz= 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= 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-2BaqM7ONnvsnswouzWaGk9FGWkgRynoHnioBZdoOM13GRFitBczuhTjZK0c-2FQ-3D-3DF= EUt_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJ= yaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKB= LBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piG= DeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua93= 5J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKTNPuGICOE3xsNJIDPSbCyXLAyl9uP07vVr4ewc7= 0OZqKC-2FpqnCETxSqe2ff-2BmXN1udzt3EXi9XTzTRzruHdm-2BU9i6-2FIbIHNivboE1wE0wf= 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<table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <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>Seq= uoia</b> named <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWaGk9FGWkgRynoHnio= BZdoTxDtbYtSv4cecM6Fv-2BXjxQ-3D-3DgyEo_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR= FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr5= 4-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F= 1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQ= QA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKQnaM= YIzp6MWKesSSVLGS84VpH9iGCGq3VCMlfz5ysZnX2RWOb-2BTYaD-2FsgxJlWZ8-2F8mok2YxtY= qvg6Vvx73Hy3RjYLazua5tJgrE5iEs9NvPN485Vv9YzghY-2FJ1nINSAmT2tdXIWVgSxr9W7lSx= PdAkf-2FDl7dUy63Gfza1lFkAxTLRu5iqEH2TcIGlp0EZ8KeGVBJ4ZgNXcfHwSYjov2j11uQFOe= 22mFWVao63dmpX5teuThVk0QyN4Wq5HGv8YuAICPdPE-2FkXwISPJr6Jajq-2Bi" style=3D"c= olor: #1D5080;" test=3D"" universal=3D"true">Douglas Leone</a></b> as chair= man.<br><br><b>T Rowe Price</b> hired <b><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWaGk9FGWkgRynoHnioBZdokMeCsRiLqw2q2gHFWPBIHQ-3D-3DTOSt_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2= gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrS= XGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKS= SHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9O= yUzAMdwvvuAz-2FoKQ1JffPxy1cpRUzYXB4eXPqaQC7d08jbUMwuzIvNen4Wy5c1a5bJ1-2FusA= oydgKOAT6ZGb86qjO8bTTzq2Laie1KzxVFmeEvpK5DwOkut2CqC0sMQXygsXK5TTCXZuzM80Qx-= 2BknucJiHqqBd-2FB0-2BVhpDkUIqBHyMF1JrzGMQA3fllGNGBIo25hF7cQxV2Wno8MMCx5qjz3= ImOdkavopTZeJzDHjOXqpHBcgQ7sNccZV-2FGN6A-2BxOXGtox3gIsnNh7kn-2Fi69XGGRleP1d= NH9ofiyfK" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Bill Cash= el</a></b> as head of alternatives for US wealth.</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>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 lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><b><a test style=3D"c= olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWaGk9FGWkgRynoHnioBZdoT= zr0dbG3i5So5aAr-2Bd0MhQ-3D-3DJyRO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmz= y-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FL= 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href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZH= UTln3EjKUTS3cpUqtRsf-2BxIPoY9nA-3D-3DrZye_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27= Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B= -2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL= 3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKT= cLWM0-2FhLdW2EYQ9zRVXV0CSNVvaSXDAItew1ggytVM1nUgq3IMxALgfbMlAe4shwj6-2F2nur= viihhZeQSeopPAfBEcaR1gTC74OlREiCI9B1G6Sr6eQGjrfnljgEdbxag-2FfMYKf1MpXkWAEh7= GyUGvSuWyWIQVdqs8JzjQrFdiJa-2BjEeDykAZ03ybK-2F9pIN2Hu51Or0QVxuq83GAiAge-2BC= IHbBhNkcRNcYiryQblRl67Gr3E78ZGnML8wNRIrYz3A5MOCJ136UyfSURAWCV9WE" universal= =3D"true">Fractile</a></b> is in talks to raise more than $200 million at a= $1 billion valuation, the Financial Times reported. <br><br> Colorado-based <b><a test style=3D"color: #1= D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3EjWGDW7M2UQ= ywhnQBknSLJMw-3D-3DqN5F_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3L= at2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWz= Qzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io= 2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKSGIdwr3guoJl7ukwHej= 5aufRHRqdlHKfc7O5KHCLF-2BLHGgVFr6DgG-2FG4r4snoWuMVOx2M1hq-2BUyheAPsZopYLRUf= wrZ6Mu0sXOgADgfdEW04G9NR1VVxILBSL2ZfOMx-2BwHEOcFflhfpyHYgV7AlAZNoK5A3k23KBJ= jOHmK4jKzNIGfhnuzpVITqoH4cXr5Gh7PcRmmfyDA15KlK8UJjkJil7TEnjpTJNNWyIZ4kUn3rB= EGLdViXz-2BugYylPcMdbDRfWkwJXf3s2E4X-2BARkHzLu" universal=3D"true">Ambrosia= Biosciences</a></b>, which focuses on metabolic disorders, raised a $100 m= illion Series B led by <b>Blue Owl Healthcare Opportunities</b>. <br><br> Cross-border payments infrastructure startup= <b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchboo= k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX= qB883z5USPVvZHUTln3EjZz7XP5KvzL9s-2Bpj2dR-2Fr1Q-3D-3DG_b6_I3w5d9c01gkD8gLzF= EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs= 2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXG= mI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSH= bZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyU= zAMdwvvuAz-2FoKT6foPGUZJ85-2BwVo-2FixPdKNF6X-2BM-2FlnEyFklSIgTYK0DvebJQ2gl4= Fzs7gfSM6i5EIj87iDLi5110RpeW-2Bm-2FeAiwv3gVApcpjuSyG8aMBTIrEB1ctGxHoDwjTZiK= 8T3yUtkaXkzytbMZRHZPm6dyYMFfGcLsAK5azeXBD-2FoQf-2F9T376n2RWu-2FStqGPh4FT4VR= Hxqu6Q70i-2BvuppmpRc4A11fExRSyRB-2B8DSUSeiErKJX2-2BjPq5fAI-2Fyc7-2Bf8AYPBLK= tXPJO0-2FIyFQsAb5qd-2BPZy" universal=3D"true">OpenFX</a></b> secured a $94 = million Series A from investors including <b>Accel</b>, <b>Atomico</b> and = <b>Lightspeed Faction</b>. <br><br><b><a test style=3D"color: #1D5080;" hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3EjRhRdZReC-2FZUCrW9QfD= 1vow-3D-3DHcVW_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV= a0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH= 3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-= 2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVu= ahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKTlIxMFN4kK3TF0XzLMT7alVVA6V7= wSGcpkIDMR1y-2BxVjGGNBKVWkOMxRy7W2H1uRkFLegBl4HuR66AuDRvLC-2F84icemmnxgxBxf= pAXCFIUVf1YBwcRcm6jhQwMYWWh4LfnJilDq2oWbMFHNVtt1vh0FAU1YzmmKkk3g-2BC5Ema2s6= dMtHOaYHgGZQiDQwcbdI3F7j4E0KFg-2FxiOGLWjSg22VZkvJJuKTCx-2BWepZHgI-2Fg6PNyP-= 2FcZtYmOKn-2FFU0EneiR1FPBrHG54GIpSyJYDdYg" universal=3D"true">Depthfirst</a= ></b>, an AI lab developing a threat and vulnerability detection model, rai= sed an $80 million Series B led by <b>Meritech Capital</b>. <br><br><b><a t= est style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5U= SPVvZHUTln3EjU-2FW-2BtOVMLwai-2BZomklnz2A-3D-3DJ_dk_I3w5d9c01gkD8gLzFEofZR-= 2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HC= ZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9= R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3A= o-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwv= vuAz-2FoKQmelqn957OWlO4JUPPw-2BAmTT7OQ7PvopHaunkalEJuPT-2F9NPXMyWqsket1Dc3s= h8qy42bRUKDCDR3xfKesLvdHIyH3FD86I7IwR8qcv-2FCZdMZkstZHeAn4RiTo-2Fou88J91C1a= hCpAjchmH9zyMY4qVFUORyEvGsI8zxKBLbuGC-2Botg1QOuMu2gPobjWK0Le-2BPrxvY5z7ih-2= BqUPS0WcRqln-2Bs6RD3vBmeSAFfMdc88EkDFDNJQLHyer4jhm1fXKQGn2mBygXYbwBH6XDpuf4= -2BvT" universal=3D"true">Sycamore</a></b>, which offers an autonomous ente= rprise AI platform, received a $65 million seed round led by <b>Coatue</b> = and <b>Lightspeed</b>. <br><br> Legal-tech specialist <b><a test style=3D"co= lor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3EjX= 6ZhUZWITuwRKh2fc1Bd3g-3D-3D9chd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-= 2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQ= T1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHP= osN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2= B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRrh0xDueBeI= dPi0B-2Bzld3uuaWc79o60rCk3P7lv0TJr0fg8pxqxgDCmfDYJR142H824RPo3f6dVFkIvM5xva= aRwWkZYalIHlo-2F9Lvf7D1jUKGomLFN7ugfh6IgajEH4nbCSxbKfX7b-2BE3h1UrCn-2FvHk5u= aP-2F3-2FhAx5x53jflJ5uOpUH0XTCZQ6E-2FUmweOlGD5j-2FTlB7uS5HqIHPOsw0dkZw7Cgq-= 2Bd-2Fpf75oumEMb-2BMfkaOSUGDatM-2B0ItkWUL0ZYwI-2BSiUCXG00r9S-2BMCnYW9p" uni= versal=3D"true">Crosby</a></b> raised a $60 million Series B from investors= including <b>Lux Capital</b>, <b>Index Ventures</b> and <b>01A</b>. <br><b= r><b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= XqB883z5USPVvZHUTln3EjLn6e1rCROfJM4mylcYjzww-3D-3Dh9KC_I3w5d9c01gkD8gLzFEof= ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn= 3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0= FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZT= V3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAM= dwvvuAz-2FoKQpmzIaPph-2FZUuJdtiFfZZXoa5xXVqaHVq5T8CFEx9WDDvAcNP4LhLT-2BZZrb= 5jDYpIolrIid0Jh-2B5Kxog32ypnJOC4EMMGlhZ8AUdhi3vbXELbdHloMyPGjsoP1VypDnkyBkq= rSa4FBPAD5bZMQk2NP3PXMUTaK1muqCXiZ7WME-2BxK-2BEO9uaM-2BvXDgf8vieanFbK5fjDOG= 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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>The= Carlyle Group</b> agreed to acquire wealth management specialist <b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3Ej8xpiDmhddzHdVYNuybFe= Sw-3D-3D3rlL_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K= -2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B= 5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuah= Fn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKS6I0BdZGvGqGDCtBEvu2LxtJS8Vtz4= zFkEDxbjM-2Fp6FKiFdG3kthorHoAshIHqV3Ya4QdDBqB1X6pwT-2Fq93yURUX1puBtTkVcfQEV= noeGnUtc91nzhs-2FA-2B-2FAG07R3Ww9oYaZIMaTdecau8DA1NAsBhyUqxMkBaIZtW5Nv5uJIr= -2FhWIFlfB6VN0Win4-2BDNd4QMXhLw7LTjjouuuQiO0zrcu0HWlKRNBayYXkEFNUTRQ8JPepHj= NaiM-2BJFYY4noYQEA5TPIQ7FEA31YiRLWujlLN" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">MAI Capital Management</a></b> in a $2.8 billion deal.= <br><br><b>Accel-KKR</b> acquired UK-based payments software company <b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXqB883z5USPVvZHUTln3EjomFyeGI9xKZxw4C7t= -2B-2F06A-3D-3DA8Sk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2X= KEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl1= 0-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMY= fpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKQaEexGvlBE-2BMrebUCnRls= 5da6hMkrNWT-2BKHJPh9-2Fwd1acthuRvNlD5B5FdA5WLCHLwZYG3TPHF-2FHuqJDs5Jp698rLl= Gsw9MUSo-2BIu7np7b-2FI4-2FtMYAV7InZ9BCtNtuiIbSIdYgKbzcT-2Fytkg8rOwosStlYOSt= gQly8-2Fni7dyfDnvRn7laYb22yJbwQrr0Y4ghYFYE6wvYJuPTV4nEw6NrdAAYG4NSj5Th3UdHD= zciVZHYO-2FGD-2FMVoH04db53b4ETwfmQsWLtqah366F6EmJTYq" style=3D"color: #1D50= 80;" test=3D"" universal=3D"true">AccessPay</a></b> from <b>Maven Capital P= artners</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQ= W27UN4tWiXhdlOvfFk-2BqIg0CbSPhJdQ-3D-3Dvej4_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B= 27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-= 2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BA= PL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2Fo= KTswsy7jtRQc0-2Fx9ehx5NbGKJ5ZiGt-2BJEK5XvHu0yzQkzU1HcU1EqvHs-2F2t8nMXF0jx9f= jd-2Bjvm2cSxkxE8aNfpDIMKvjKQaag-2BSyis8Qb7DvzbryLjYzO3rujWsiI-2F-2FJcTnZaLh= zVtJie5WIBb5i7wtgOCCNGTrd2rctmuziPl6CrxiSPoxyCJbokWc68gW-2BendBi7uUuaAymWA5= UNUjb3Pa4CcUkjxvc0SbLUV327lz0PZ3uS6rR3YeM-2BtRsKKxtV3zZCtvEakTQDn79xqffy" s= tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">IBase-t</a></b>, whic= h develops manufacturing software for aerospace and defense industries, rec= eived an investment from <b>TA Associates</b>.<br><br><b>Cordillera Investm= ent Partners</b> bought a minority stake in UK-based sports law firm <b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWiFLq8ev3wfkyKAryl2= v5kNg-3D-3DqTys_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmc= H3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F= -2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSV= uahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRLbbQcwFTebKE6uyFRj1efX7OMa= 7J1NE4MkpncaU1EelC2ey8avqF-2FyJyOXO0KVK7wSzUxedIH4Clrav6tFzP4nT4gfl4YK-2BTs= N8mYNFEaGB7pOCmwjTjhxQN19BvWTodYF1rclrz1VJTCR3Q-2B2pysnkgIxWa6BSRbtPKGNGmxC= 7I3mynNKWNF3ZpOfJdf5M0Ob0ln-2Fwh7TkSoTwtpqv8D5CXMSW2EWZ1aTbNmG3-2BajAJxGR3X= exK-2FUEd54zCgMAydgoypMQAQmBQ-2BgSsig0nf" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">Northridge Law</a></b>, the Financial Times reported.= <br><br><b>26North Partners</b> agreed to acquire <b><a href=3D"https://url= 6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-= 2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWiubUkUj1CMIZhF4g-2F5mRqyA-3D-3DvHZJ_I= 3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H= 1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1= Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtj= Ba-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd= 1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRPbGMSRo1IdJV-2Fu0slDB72-2BTmINUZ9UhgFgaUx56= u1cw5nurMjwLXZqmdMZ32vpTbaREF95BwG-2Fs1ScvgYjaQeDkHoAU-2F6M-2BnxrvW7tvf3lUy= tHSCFXg3v-2FvLwleW-2FEigPxvIyEyBPfr8zBK8LuMtGjIxt9bxYljDS-2FHEnrC5dcA1G6SpL= bgR2-2FOOmQFlNIR7v3tlAfjfCswGxulZUycmq8kqhVK8hlhUfNIDeYALmY3jMj611EgJiJ1Z-2= F36DUN8N7svToEz2RCcK36dw2ps-2FB" style=3D"color: #1D5080;" test=3D"" univer= sal=3D"true">Intermedia Intelligent Communications</a></b>, which offers an= AI cloud communications platform, from <b>Madison Dearborn Partners</b>.<b= r><br><b>Mountaingate Capital</b> acquired <b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzWGeGgJNLPt9MQW27UN4tWiX40G8T64C395LcBFzpRoqg-3D-3DqUp3_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQP= bf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8= HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196g= lrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9V= pwC9OyUzAMdwvvuAz-2FoKSILT-2BUgHIieykR1V9Z8pRgUXIm2W-2FBy5Tf1Hs0wj9K28AXdy3= tZYuiJY-2BrCF6urGvn9HHPWTnEXEEkWusYZt-2Bb3YlL6LjRKoesl2UOn20WrIj8rU4z7ERkk6= -2BcHrYcTOXIaH0-2F-2BBLK9Qvj2YHjs40ZekB-2B4YkZOYDfSOgUVL6WB9tHKdeWJKS5Fvp-2= BunSeWuGPhxxZ-2F25P-2Bs-2B1DpMLHvF-2FgtQYRPNgVpXQJHO7RjezXLqpWAWBdhWhj0xOfO= jLSftlQlRYPjN7SZlmeGVPx18I" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">UpSwell Marketing</a></b>, a direct-mail and digital marketing sp= ecialist.<br><br><b>Closed Loop Partners</b> agreed to acquire metals manag= ement solutions company <b><a href=3D"https://url6380.news.pitchbook.com/un= i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLP= t9MQW27UN4tWihXU1Hscz5Ph0hWeVxe-2B5OQ-3D-3DeUaY_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyo= M-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2F= mzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B= -2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz= -2FoKQoCyQs4nT54gIJnJLDBv-2FVwAI3PAGZJyeuPz1UsR38YHHxOL0E-2FDmvbSoxQbbArQPU= L6elTM5ypbzoiV42P-2BN1vHtrX4DU6BrC-2Bw6JSjSf4wgoJm5HMknSEx7QfoksNnCGlT1fUPw= F8ticcXKSKeVtT1zux0prrR-2FTcU8leUORovvRHRqrai-2B8iwOBJRhh-2BHoPFqlQwnXRkLa7= qTtsEr32zEZke8EIEiajeGSvtQ5GzAuYsOSm1uSQb3qRzJMrzz7NzTYC0z7DwsEHOTm5I5K8" s= tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Sutter Metals</a></b>= .<br><br><b>Fortress Investment Group</b> has acquired <b><a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWi3u-2BcMJuVYlJFfY9RwsEjHA-3D-3DO= LJj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJ= yaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKB= LBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piG= DeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua93= 5J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKTijXSnbEIAYieP8aquaC5PJ6ul6oW9Z4edC4EJB= OSNe4-2FNl8JlPT5NIMvMI1eYenA8yO4-2BjCvpqzhUphVa2bAezHB8tJDIZFHnnQs969lC6x3H= ohh-2BeFLgoB5GjjLFhxeenVtdy0knppKULCGretGx62-2FUP3aBpakdBYr3Po38-2FuijYHkdw= 4iyb8AHTQfiSVH1xWtzL6BsjXZ0veKnBbWdQx8xoGtMh-2BES-2Bo-2FUmpsT0Dw9uUNPe4UxmA= Z-2BspQYog-2BcKwoDiK7IvGhccbQ3FKmq" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Omni Agent Solutions</a></b>, a bankruptcy case-administrat= ion service provider.<br><br><b>Ambienta</b> purchased a majority stake in = <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWiQPx0H30tn37= aHHJLmfLPHw-3D-3DAPho_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat= 2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQz= l10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2m= MYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKRupiKnMXrwUAfj4QwVaUS= V8kGsVb8XZCE5KFD04a3Bm3RNi83SnVcoda30qcLXW4-2FlqixZnnXR7DIAFTvokBqCpaDZa4jW= aA9PogcLKa8gBAzWXCP7FDsbISbqPuEyBZnM2twsdmzHKy-2FhjHN00AmMFDXEjGOenCWJtPTNe= q8g4azGUjr6WHsJABoV2wVX3YVbBnCMrV42I2VxGqTU0WZ5cHSe-2BJ-2BM7S6ZStqiB5xH24qZ= b-2FmgzRF7tEcrwRXh6ZuZH9BPG3ldHQUKyB1cmhfY" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">The Bridge</a></b>, an Italian producer of plant-b= ased dairy alternatives.</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 lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><b><a test style=3D"c= olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWiK= 1Ljfgn7zdxlnt61BGRCXA-3D-3D6qTQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-= 2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQ= T1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHP= osN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2= B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKSPchmrzt-2F= 64-2FgjIIIfsWpXEilrnLNffG0yXSzz54ngq7s6bAvHU8bODPgqgqg2ZAEIRB-2F3ksuyGyoqYf= F69LHPypi8aU7QHAIXMnw90nVAT7XJTp5aoK6sB57vkua5qQBJuxcjiMf7Ujbf7i78GmgREdLBD= 3Q-2BU-2FprvS9IuNi7p4ANQpUYiS8a4g-2B9xX73jXhqs-2FijBEBBPxHfDZfEYgMyy5G42HMM= imEpuxnbXnzyfnWtfAFl-2FzGfAcs6CrBGsZQbeB5gd9ekN4OpwU6K0daj" universal=3D"tr= ue">TK Elevator</a></b>, a German manufacturer backed by <b>Advent Internat= ional</b> and <b>Cinven</b>, is considering an IPO, Bloomberg reported. <br= ><br><b>Blackstone</b> is considering an IPO of the Mumbai-based unit of <b= ><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWGeG= gJNLPt9MQW27UN4tWiW-2BCjsuGgsBNLKyxcpnVzuA-3D-3DI3HE_I3w5d9c01gkD8gLzFEofZR= -2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3H= CZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI= 9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3= Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdw= vvuAz-2FoKSuJfepI5bTE0sAae0Kp8gKGTesupzfQPt1jeMrEyvYuAKdweanSYg4QiMGfWS-2BI= 26a3qNz10l8RGknRzr3U9Smz2h4NkY-2Brs2XtObpSvPNCvLBAWhzowEGu28wDAKxkJfiaK-2Fi= -2FOHa25-2BWAmXh7JU4IkZ88siMJos-2BJfWgThokdAxoS5mzp8lf4QfcOD2PgW5A2oFkDoSFc= 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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-2BaqM7ONnvsnswouzWGeGgJNLPt9MQW27UN4tWirMaC2ny-2BXvdNVfI= t8a76Qw-3D-3DtF9H_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKE= mcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-= 2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfp= SVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKTtuejBgcHXdcGWLccKgWgMVJp= cchCDbrnXr44bm-2Fe4KiM8Y40ehx6DZbPZb6KwzrmgeiMY5hTUaEn9jkA-2FPiY4PHfA8MIOnF= 83Aue59hqN0rC4hLrVlm0ouZ0nCqpzvgFSv5YRdl-2F3nSCupTBLB71U8QeM-2FotEehQHXzkv6= 4HBIgmFc38z1fbkXJ88YWQEGooENcOpM7cqTSSfY-2BlAdZmTJU-2Bu8Lk5Bwsd-2B3o7rdwKYX= ZI1a3x0ODi-2FYRWTSi-2FAn0HEKM8sGgriSvAifIYFCgp" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">BC Partners</a></b> raised about =E2=82=AC2.2 b= illion at the first close of its 12th flagship fund, Bloomberg reported.</t= d> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Corporate M&A</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Eli= Lilly</b> agreed to acquire <b><a href=3D"https://url6380.news.pitchbook.c= om/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW1t9= g3-2BQ104jiD8I4SEoT2Ydpg2-2FRT-2Bw69U7aLhvoGCA-3D-3DTSQn_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2= tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGm= I0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHb= ZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUz= AMdwvvuAz-2FoKQ1ZmuZR25CFJs-2BqJAvfutvzk3p7e01ke4DIKOJe-2BP2EGijsRH0LiQPOEU= MRNZc6iRxVQz3YwDAynwn5qZGOnl4qyV-2Bl3gW70XuxUtfJRgV-2BWoaTMOLWIb-2F-2FhvV9S= BP-2ByYvwL0ufIZfLMjFWWaKaCMgWliRIAjkqz4iQ-2B4E2NZrgsxH0SwcPPbAqpjUSUQTK-2FF= bFNdPJHf-2Fp-2By5IgvrzCV6D-2BD-2FQiXXwvg53bt-2FLgoBZqLI3ZJWrhF9PbVMFZxrJX1H= b9ao-2FUH4Zy-2B4Ta9GTIcQ" style=3D"color: #1D5080;" test=3D"" universal=3D"= true">Centessa Pharmaceuticals</a></b>, which develops treatments for sleep= disorders, in a $7.8 billion deal.<br><br> Immunology-focused biotech <b><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzW1t9g3-2BQ104jiD8I4SEoT2TcXsfWZ7Ht9oDFmJTNjcRQ-3D-= 3DECRT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= BJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2Bboa= XKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPosN-2BWzQzl10-2F-2B5KtwU4= piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8Uns0Io2mMYfpSVuahFn5SGu= a935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKQX2vR2ugY301DExT2x9uc65LZyPnyIaUsImI= 0n7enXuMzK9Hh1p0PghRCSotYhUpf9uFEilr7Q6wWLyjRgyiATTTQj6A6lclNCl1QkgMccFIr0j= QdLEGDMXYJcLOhgK7Lnupz3sXaLasn0yTVs1byEvk6wwNmBHpmkzeGV2lfBOMHYIVT3qZmUF6gM= xwhFXEWT-2Bo-2FC5fvt-2BUSgXOk3RY97yAAI2JNjMX1xuxhrp0D9upAMRbAF5ux7n5Lg0YWR4= 4aDYGf5c7WmnLksvjg-2FLA30" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Apellis Pharmaceuticals</a></b> agreed to be acquired by <b>Biogen</= b> in a $5.6 billion deal.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW1t9g3-2BQ104jiD8I4SEoT2fBGKyat= -2BK5KofS-2FeL8qnJg-3D-3DP71r_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F= 3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1SaGQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1= RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd-2Fbs8HrKrSXGmI0FI9R-2Fmzb-2B-2F1VqNgHPos= N-2BWzQzl10-2F-2B5KtwU4piGDeCtjBa-2F196glrAKSSHbZTV3Ao-2B-2BAPL3mQQA9NX-2B8= Uns0Io2mMYfpSVuahFn5SGua935J2vd1wIPbCb9VpwC9OyUzAMdwvvuAz-2FoKTPTWee-2Fyk-2= BtSdPqFx7p-2FwmB2dz7-2BGNRnMLz878b7BvJwBQ6hHAwG6BFEjF-2B4VJrNecNC-2FlXa54SY= mpCIPhpr7RBdCWpJMBR-2BXHKN982x2mS80dJX5jigM3yGgGofiC0YrICirz-2Bt2IJWKzLtbUi= vwe6IUnrUc2QlNNYY5AEEBY5LUH0I-2FyGwZ8uxXUGBn-2BTEZoL-2FvAgr3yLqzHNVXVLAch0m= b2R0SNMaY0uJdwn3y-2BeVA3YgYvjAm9aUggHB12Ga-2BQMENKlqa6EZgq-2B2JaQs81" unive= rsal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https://img.pitchbook.= com/news/73557.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> <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">Second= aries are increasingly gaining traction, and as a result, direct secondary = market value has nearly doubled from 2024 to 2025.<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzW1t9g3-2BQ104jiD8I4SEoT2F82x-2FCW6RJ-2Fu7-2Fec-2B4vXUw-3D-3D8CMD_I3w5= d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFBJJyaa7H1Sa= GQThQPbf8k2gs2tn3HCZMyoM-2B27Rr54-2FLGQT1RkYC3Lat2XKEmcH3K-2BboaXKBLBSk1Xtd= 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