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Date: Wed, 08 Apr 2026 10:29:45 +0000 (UTC)
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Subject: Lawsuits haunt 401(k) expansion
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6QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7=
GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc8YZE2wznUBdlxC-2FmIyg6ltHP8x6=
quAatGxKBL13go6qdlkRpMEsQkwnKlecqaRCEGGCBzJkxFVECp7I0F27R1jI-2FE1nC7uO9qUTa=
FREdeTJ0bKiGllkLegD6qni9Kw6Cr9sRoxZkhdUAnQUKXuiSNHh0knVurjyQyiFXYMEZrpvouE1=
X8FBXubQa2lR28-2FWXf3y6nOfsgRIo3QRtVCPSrc8BV6mGM8JBcYELQyu1O5d2eVDK-2BCoaXl=
Fzg-2BamxxyZE-3D" style=3D"color: #1D5080;" test=3D"">Sign up here</a></b>.=
</td>
                              </tr>
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                            </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>
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                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579464" id=3D"n_579464" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Outlook for alts after 401(k) =
proposal: Hazy, with chance of more lawsuits </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
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cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100=
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKNO9-2BaL5wcvPqajIfp-2Fi5Y326K=
WOnrSqemrRRxXYOYg-3D-3DILhI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t=
1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPx=
GdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZ=
l76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9t=
y7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2B2OuYexysuoA5UQcQMFo-2Ba0=
6DM0RHusmo4d8CJiUNmMV8IyCDFckpFUtowZlbmFt1Kjk3R2XsNyAm2J2Yjz1KxTEgyJrXGXvhj=
JBD09ff6csi6YYm1ozOt0J-2BuHr1eEJcTQVc5T4HpunLJiBUdgLMRigygtNEE7H2-2BtQZt3W-=
2F2nmXOeLp8L3KbqWVISyxVDrsgnRCX5-2Fer2ii6xmvkeg7R-2BtpBkqg0cHKmLpgqegbkukIM=
hEaN1DX9cmd3ec-2BTnfY-3D" universal=3D"true"> <img align=3D"center" alt=3D"=
" src=3D"https://img.pitchbook.com/news/73647.jpg" style=3D"border: none; w=
idth: 100%; height: auto;">  </a></td>
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8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">Labor Secretary =
Lori Chavez-DeRemer (Jason Ardan/Getty Images)</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <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 =
Alec Davis, Head of Enterprise Reporting</i><br><br>
                               The Trump administration's new proposal on d=
iversifying the range of assets in employer-sponsored savings plans has bee=
n hailed as a big win for the alternatives industry. But a major obstacle s=
tands between private credit funds and your 401(k) plan: the threat of bein=
g sued.<br><br>
                               Retirement plan managers technically are all=
owed to offer private-market options already, but they've long eschewed the=
m for fear of litigation over high fees and poor performance. The proposed =
new rules, released last week by the Department of Labor, aim to make it ha=
rder for retirement savers to successfully sue plan sponsors and their fidu=
ciaries.<br><br>
                               And still, there's little sign of plan spons=
ors shedding their cautious stance any time soon.<br><br>
                               Analysts said the new rules aimed at offerin=
g plan fiduciaries "safe harbor" from litigation won't make much of an impa=
ct until they are affirmed in the court system. Within the next couple of m=
onths, the Supreme Court is set to weigh in with a closely watched ruling.<=
br><br>
                               The stakes couldn't be higher for alternativ=
e asset managers, who need to make up for their decline in fundraising from=
 institutional investors.<br><br>
                               Assets sitting in retirement plans are seen =
as a lucrative backup plan. The nation's 401(k) and other employer-sponsore=
d plans now total roughly $15 trillion, representing a juicy opportunity to=
 drive future fee-earning revenue streams.<br><br>
                               Following the Labor Department's guidance, h=
owever, any moves to expand private market offerings in defined contributio=
n plans will likely be modest in the early going, with small and medium-siz=
ed plan administrators being the first to test the waters. Most of the bigg=
er counterparts are more risk-averse and are expected to wait and see how t=
he early adopters navigate the new landscape.<br><br>
                               "Because the bigger the plan, the bigger the=
 target is on your back," said Winfield Evens, vice president of financial =
services at Alight Solutions, a corporate benefits administrator.</td>
                              </tr>
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKNO9-2BaL5wcvP=
qajIfp-2Fi5UE23hdK51sB96s67gyJ6Wg-3D-3Ddxf9_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar=
HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxyg=
YDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxk=
n7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcp=
S0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2BB75zROHN=
oRORTP6-2FpK3nUIFZzHNMPL-2BvWalC05MsSWG5W0oTjYqc79BbymJLB8K-2Ff5wl90hdBopC1=
XVykj0IsU0yQL75glAya4ziwZKClz6h60AhH0SL601ueAGm5vZniZHUaiCItZ8UADDdTTvlPppi=
EYXcNUmLOxn-2FG92UzyTB67HHEDZ73kHMGO9DUC-2BXaMkRMp7B9wqlQ9PjYbcJAPqdzkEZKLz=
9xoSKdAeN5-2Fb6NyIzrsYK9Ae4-2Fa-2BE0goo-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Private credit moves one step closer to your 401(k=
) via Labor Department proposal</a></b></td>
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20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>Canadian pension funds are using the wrong PE benchmarks</b>, accord=
ing to consultant Alex Beath, making their portfolio&nbsp;performance look =
even worse. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWKNO9-2BaL5wcvPqajIfp-2=
Fi5k6yI75afTDnBZ-2FmmwN3H9g-3D-3D-odJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF=
Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9=
JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4=
WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2=
FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2FfVd39V8LysF9ph=
GD2WRwyzTb2toe5lssq-2FtH5xbltT-2FuyArnMQt7io4hq9noFHvoNqrkSAS1EHrCsysuwainK=
f1x3xv41Gz0I6VppxUIexeRCcoqflWiEfPkSHKrZz50mC3R8REPUdUWJd-2F86MdbrTQ-2BTGuP=
Ku-2BJj7Gcoy6Dyt3j6BZgZxidw5lSY4ga4iD9GHHsb83-2FKKcFpgRfA1lUma3nJpxjaKUF5Xe=
rIiEhltOsP0tkaYC5EKfX94VThobs-3D" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true"><b>Find out why</b></a>.<br><br>
                               =E2=80=A2 <b>US-based startups with at least=
 one female founder</b> had their best quarter on record in Q1, led by a ma=
ssive $122 billion OpenAI round, according to our <a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzXXrGUoporEZMbKMu-2BgdSXhuYlXL2ZEYLb8EWSFor4F7A-3D-3DkybY_I3w5=
d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w=
4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-=
2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826Z=
yC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2F=
kErRezAatOsdzPHc-2BNYeE6wAev-2FlrsMhkEX2OU26Jjv-2FG48GStJJmb8R6qBQa602lZoKa=
7d3rP0qC8TMhd3Ys7AwHZxNaFGq5cRvL42hY1YcjLOgDxzxis2nBrPIe-2BSuVrSEvrT0LlYFz7=
-2BUv5vr7Emr0FFzp4OUCDFLz8ceLRwSAUKpfxBRqf95E23O6Go2IVaz3ObZxLDl2qgbR-2B8uA=
aLFdHv4yX9-2F36QBWcd9ddT13sw7B7ccslaDoVUpX4z33QWhbXIVKVkiUJxls-3D" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true"><b>female founders dashboard=
</b></a>.<br><br>
                               =E2=80=A2 <b>Fears of a funding crunch emerg=
e for UK startups</b> as upfront tax relief for VC trusts drops from 30% to=
 20%. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXXrGUoporEZMbKMu-2BgdSXh3HYZWn=
eRu0EmlWOR2AvmaQ-3D-3D9r85_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxG=
dAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl=
76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty=
7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2FGGV0tyVJ7Ul5T-2BRMel-2FLD=
vCRQ7Rr10NXwzbrBUpxSsEYDMhI-2BpwbprLEWPEdsr2wP7joVdh5YqxCJ7sNTIZK07TH-2BDxs=
OnXgF09JQFkRphwJSg69VrXOVTRUqb7RsoOC29lizXv9ln09MGGWGInvdcKdP6WhYPpo-2BC4KR=
154Gfj4GTcKzBE-2BfaL44fVI2pgaYOVJ-2B9aFEC3rr5wygVteuRiILF99eoeO9-2BuK2buKVM=
GYcySbi3h7awCbW4EYMT-2BI-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true"><b>Read more</b></a>.</td>
                              </tr>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                <tr>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                     <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_579466" id=3D"n_579466" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Vanilla credit funds are pulli=
ng back on software </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 =
Madeline Shi, Senior Private Equity Reporter</i><br><br>
                               Direct lending funds are stepping back from =
the software sector, creating an opening for more opportunistic lenders loo=
king to drive a harder bargain, according to several bankers and advisers i=
n the market.<br><br>
                               Annual recurring revenue-based loans=E2=80=
=94typically extended to high-growth software-as-a-service businesses that =
have predictable revenue but are not yet profitable=E2=80=94have become inc=
reasingly rare in today's market, they said.<br><br>
                               And where deals are still getting done, they=
 are now often being financed by lenders with a higher risk appetite seekin=
g significantly higher yields, according to the head of capital advisory at=
 a middle-market investment bank.<br><br>
                               "There's just fewer dollars right now availa=
ble for a software asset," they said, adding that this cohort of lenders in=
cludes special-situations and opportunistic credit funds raised to lend to =
earlier-stage companies.</td>
                              </tr>
                              </tbody>
                              </table>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
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                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXXrGUoporEZMbKMu-2BgdSXh1Ig7v1P=
3eP95ATqwtLo8ag-3D-3Dj7vE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGd=
Av7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl7=
6QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7=
GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc9B9sgQAntlRUVsaJIQONbTEjJJkbA=
1pmWO3yTg3O8aIJLIymHqqVAyA5dMiyVe9k-2BX3L8YV8cP3iCbQ9KXylundhyG-2FGsO15O4Zq=
CtaZ2YzJ4HP0dTmdB2bo3ubhybwHbo-2FiSR3WR8TMpUEwFfWYkCyC7V07oh4nsjkjWKiA8DR2z=
TE5goNnqWNkLXuNQA4QLq6xi-2BWZAPAuZA2WODysVO1LgRt5T5TB-2BatTA6NIxgZw00paTDiS=
sEKygOQsC3Gg0-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D=
"https://img.pitchbook.com/news/73648.png" style=3D"border: none; width: 10=
0%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
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                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
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                              </tbody>
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                            </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">Recent=
ly printed software deals are falling in the range of SOFR + 550 to 575 bas=
is points, up from the 450 to 475 basis points commonly seen before the so-=
called SaaSpocalypse.<br><br>
                               Special situations funds lend to businesses =
dealing with one-off events, such as a restructuring, bankruptcy or sudden =
market dislocation, of which the SaaSpocalypse is a prime example.<br><br>
                               In early February, fears about the impact of=
 artificial intelligence on the business models of SaaS companies, a key gr=
oup of borrowers for direct lending funds, sent public software stocks tumb=
ling and pushed the value of many syndicated loans to private software comp=
anies into distressed territory.<br><br>
                               The value of SaaS companies is often based o=
n recurring revenue from subscription models, but the emergence of cheaper =
AI tools now threatens the durability of these subscriptions.<br><br>
                               Headwinds in the software sector, coupled wi=
th a broader risk-off sentiment, weighed on refinancing and repricing activ=
ity, pushing overall leveraged loan activity to 32% behind last year's pace=
, according to PitchBook LCD data through the end of March.<br><br>
                               Software borrowers were able to lock in annu=
al recurring revenue loans at 525 to 550 basis points over the benchmark ra=
te and loan-to-value ratios of 30% to 35% during the market's peak, accordi=
ng to the most recent Credit Markets Quarterly Wrap by PitchBook LCD.</td>
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100%;">
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0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/=
click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXXrGUoporEZMbK=
Mu-2BgdSXhJF-2FqrzpcPcj8sl5jWNvc6Q-3D-3DcBC2_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxy=
gYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xx=
kn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxc=
pS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2BEwfZVCi=
xBga0WJaUGAEzMPVINHWJsBPTVg7dXEer6P0V8uUhUt0x75e8-2BniGF1zGSucYhBaRbPwUxDbb=
4NxT-2BdCxHX-2F-2FEv1gix4RV712oQ3fmOzoC1TU4HkF4gQjEJZEw6RJ8bVpn6RZ1tYa7WiJg=
RbYPRBd42lTz5SLndp9w8yHW-2ByeeK1f02I9qZhy-2FuWtKCGlNlySJdDykDrGYpA3Eu5b23aA=
D7c9-2FS3HBUgN4VxQvhNdkq6rrc139k3jxqcw-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Private Equity's Exposure to the Software Reckonin=
g</a></b></td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
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0%">
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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>Polling companies are now using=
 AI to generate responses.</b> The practice of silicon sampling introduces =
a fundamental problem that undermines the entire intended outcome of public=
 opinion polling. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXXrGUoporEZMbKMu-2Bgd=
SXhi2UjHmi6O6sIqVn7Oiexeg-3D-3DNqmp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9Jb=
BZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4Wy=
hDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FM=
j-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc8qRk7of0VlmxlIOr9Ub=
Rxon-2Fv6qzrJ9X4bDILojbjEXIYkhGtFFf2KEIxEebRSafglhn-2FH5wcFYClfJTl2yb2cQ5hT=
7k8e0Mepti2j0lzw7uXKFYorJ4bYnbHexcfmZAPNBlmWJjKxkqRu4RhaNgt-2FGieKWRfCWpyBn=
3RSTEptjQDirtNGoCK6Q4dnFFpTpIqvAeW6CnNAK9zxGEFBSVCVVyPZcwKOJIO3w4znjI2bcF4M=
sxwaa9lpq2pHY-2B-2FO0Rk-3D" style=3D"color: #1D5080;" test=3D"">The New Yor=
k Times</a>]<br><br>
                               =E2=80=A2 <b>Checking three normal-sized bag=
s with Delta now costs $200 dollars.</b> To mitigate costs from rising jet =
fuel prices since the onset of war in Iran, most airlines have increased th=
eir checked-bag fees. [<a href=3D"https://url6380.news.pitchbook.com/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXXrGUoporEZMbKMu-=
2BgdSXhL6wcC1DjWNlKtjOfn-2F2g2g-3D-3D6atD_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYD=
lnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7=
mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0=
YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2F8Kh1JaJR7T=
nR28CgiKP2O4qR8x6Ejdt8s3ONTypPtEyrErMMzLNFjFxRH1VUygbQs-2BoH5ihoE0Adr4Ce0-2=
Fn-2FS85m8Sb4R3lKP5-2FPP8qdZ94OSeX-2Bp9uXchyWhP1b0LFVqMrmeYxVzpGni38vgyidI-=
2BFIaxc05fUKuX5qyoOiRriWYhvB7WYuHSnFfOZbjGvCtT-2FD8WNlSTTKTCEQBqmbT-2BcdyCK=
MIhW6IAXbDepiGK9oGCZFRfkAaVWhoD2Szn7I-3D" style=3D"color: #1D5080;" test=3D=
"">Bloomberg</a>]<br><br>
                               =E2=80=A2 <b>In Japan, robots taking human j=
obs is actually a good thing.</b> The country's aging and declining populat=
ion presents the perfect opportunity for AI adoption in the workforce. [<a =
href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXXrGUoporEZMbKMu-2BgdSXhqsawF99vxw8KoIXlZBU=
PFA-3D-3DwlC9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhw=
uijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWI=
yw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6=
gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc9YeWFipZTG9LyDnEt5SS7-2B-2F4kXERxUMOw2La4=
KyjfQpBGFB12ZU3EqkVWc2PTreiktrkqOoJJkn1vXehsB6xhcIJhkSsY-2F8M1Yt5TVqDUPkJLL=
BwlF6SqxQVamIf79-2BYCFQPnoow3SuJiQjBT3t6mlYcyA3NjGo-2B67VBprpnKtjTdTOFHi-2B=
aGrz0S2XVuE2EU8at0WtZgZjqhSu5p4sTGhNn0yIvcHpEPv9pGdq2xRvLv5-2FAse3gjXiXDt-2=
BguRNhU-3D" style=3D"color: #1D5080;" test=3D"">Fortune</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td>
                  <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;">
                              673
                              </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;">
                              2225
                              </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;">
                              1063
                              </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;">
                              57
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Funds
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding-bottom: =
13.3px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzXXrGUoporEZMbKMu-2BgdSXhBI-2B85LF-2F-2B4iBX3F27AhmuQ-=
3D-3DZnOd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8P=
zsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijs=
tksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7z=
YLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTS=
zGtIx8t2yKB-2FkErRezAatOsdzPHc-2BMQ7SkS1b2XF2a8SmIhuyVftA9uq-2F6JBmkjaxo2JE=
MgXKcGlmMdLn6DamFyExK12iXK-2FZ3aAZ0ajwDVEbcw1JluqBt7cmXPg79QX6Lyu4lAzjxIBU-=
2FP3ml2IIymxF7a1Msk4JZyIG9PtISTR6SxE7pDOqj-2FQG6jCnkWzWBg3VHgPOM7HCXmD2-2B1=
fWxV1tUQKTro-2FxdpfrWTMRfuPtGMFMd-2FHc8mYOjF-2FVv-2FcNWIF5zvrMWTdu4bc4-2B-2=
BYnp4ZvgZto-3D" target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;
                                                          width: 150px;
                                                          mso-hide: all;"> =
Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579575" id=3D"n_579575" 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 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: 79.92351816443595%; mi=
n-width: 79.92351816443595%; max-width: 79.92351816443595%; 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">12.54%</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">15.69%</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;">
                              0.31x
                              </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=
swouzXXrGUoporEZMbKMu-2BgdSXh3Qm6sKnoXJ6MvCeZRqIygg-3D-3DXqQ3_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILx=
VT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBo=
r74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2F=
nht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAat=
OsdzPHc9fMTkxfS7jXSowZQ9G0vlzkonfneFNCcPTPkv9ISuFEWiPG9LwIKiTDsrLsLMfT0YO0X=
yJYNs5F0qonTqTNcWBOUP0MEVUCyv5HFlS0lhJYt6ThIVop-2FzcYpjZXLTlsKT315RLTOchznq=
O4iyKZcvOo-2FrxX3soqpzD-2B1Ohl7QFVU12TS8VrHo-2FGeZjzI-2FsfEodelB835PrvRsmf-=
2FO6r94mzUgPuqQvs1I-2Fgb3p56UxsMksLtlnuMp5FOV9mp73xxU-3D" style=3D"font-siz=
e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Peakview Ca=
pital Fund III </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              <tr>
                              <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style=
=3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w=
idth=3D"100%">
                              <tbody>
                              <tr>
                              <td height=3D"22" style=3D"padding: 15px 10px=
 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi=
tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzXXrGUoporEZMbKMu-2BgdSXhynar4s1NW0fEvPaB7Ih76w-3D-3DRlLP_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILx=
VT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBo=
r74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2F=
nht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAat=
OsdzPHc9OIdmVR3iJdRIT-2FXrlBC3MKd9NZ6xpkkQoRB4pCi1GCnYk9Tz56JGZshwEPjRzYsn-=
2Bt4Wj9wMnJgRS64XAzpUYZF0gw9Vh01WzmUcfeNEnMIXsqJhvkSE8byxthrAf-2BtqeMwPWPg-=
2FJZ-2FChvVeAtMncAnU8FUzP-2FMKA1kj-2FHj2Pylpprgu-2BFzAlwUzGN-2B2kSiK3AIve2R=
5-2BKD-2FPXtWjKy6S4cLR5u8CnHcY0IYOy42bj1MAT-2BAdOaCX0OYEeA4via0-3D" style=
=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true"=
>HarbourVest Partners XI-Micro Buyout </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=
swouzULtD8IpqLvNzqIzY4-2FDUOscqyOKVawmHm-2Blk6acRn6mQ-3D-3DBadW_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYI=
LxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQal=
Bor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-=
2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezA=
atOsdzPHc9B6ca0ClxIwBieRESFj8QVw0lyEF1cCZz95ESo2CvzkLcPd5bUPV1MaByrqaL24RA7=
u1zYhaxg8YUGASOk5xMicqesh2qHnKi5kn9Ccumhk-2BEg7gb-2B6pel1WHJj6LZPNWL5POdjLy=
x4XZoKkB1bGHqNfD0kfoSuftRU4kHhFdmtdVMFwHwD18FTcwSH05yDlm8ZWzBEiIJ9lnEaq-2Bz=
32QdkDpY-2BSO65ILJbO-2FjmSzyCIPjCvzqVn0P4I9R321b6Es-3D" style=3D"font-size:=
 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Australian A =
Sovereign Wealth Fund III </a></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 14px; color: #78766F; =
padding: 25px 0 5px 5px;
 font-family: Roboto, Arial, sans-serif;">*IRR: net of fees</td>
                            </tr>
                            <tr>
                             <td style=3D"color: #1D5080; padding: 25px 0 2=
0px 0;"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du0=
01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULtD8IpqLvNzqIzY4-2FDUOsdB-2=
F-2Fe4KeoLnnToe55-2F8wMg-3D-3DQPKY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfm=
zy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbB=
Zzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4Wyh=
DwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj=
-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2B9p-2FLAj-2FWZsCqP=
cyUtMt8cHXy3TE7XgKJ1v5VT6YkwEYNAoVRtEZpYk7-2Bg3ODqlLKqfu6zcwr38GJG3LmyDDNIe=
bFo8qI6S4GvlJJgDq-2BdhfD2yynUWd97tL5GbbDBv2pQyr0J0FVeI2RP-2BwTzrFI0zgLoFeVm=
s2mKvgtZO3ExIwNJ1u1TCfUuVp4x0fLlHDmpyroRkeam91DBmMrRCk3gBp1Ra00n0MjywKiZaiZ=
gPMK0CONAuz-2BLeBgeVsYWepQ-3D" style=3D"font-family: Roboto, Arial, sans-se=
rif; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;"=
 universal=3D"true">41 Funds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULtD8Ip=
qLvNzqIzY4-2FDUOsJ5xLYbL2aSvJmgcw8guodw-3D-3DpfZ1_I3w5d9c01gkD8gLzFEofZR-2B=
h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvY=
HdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZ=
gD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBz=
PMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc8aVUb=
JCXuSDLWq1k39tMGHpNFx0FYMvZma2soiVDxGkyAGp8WAN4CGkzGLhVo6GG9fJJ-2FtVqzuYlEd=
N1pNDE2itIt1SxNyUa31KFmU9cszMq7UrBi8XVHiFLA8zTpI8-2B8edbAtMXldqApKGKQ9Jl-2F=
wi29dwvHDGlT7aKy-2Fmx7A-2BdH8oUbutlIezLdxpQcyrHtgAKjvT1425OUEMLA6R6JBZizivn=
T8z7nwklfAX7wty-2FwaClNT7fT5dsZAKvWvfcg-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
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                     <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-2BaqM7ONnvsnswouzULtD8IpqLvNzqIzY4-2FDUOswQt1bLVxhAXT7YxE9i6oDg-3D-3DK=
jUv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInN=
Wba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J=
-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2=
BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8=
t2yKB-2FkErRezAatOsdzPHc9lkkMe3us6wNYYqET4yHhZddHYlZ8HMI1Tr5ofQnSYOjG3kOYxG=
gtsp-2FjMDLPCCAgCXsT4Gnptv9ZQWHQpZkSujxGj049G9e4vMB1Dco-2Ff-2BZuLKN9pS54D53=
A-2FKwliKhTvq120lfy05-2FaLdmAXvhAIDXWQzIOg8XB5WSVHsJHUeMU6YjKJqiTcdOnpX1itz=
sNPfFG-2FgkgVGxhdhbTfOhNNaCNHEbcf9FNfXmgqBP8mRdIIWisOy-2BfglCn7vDDpSBw-3D">=
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                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 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;
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lign: left;"><span>People</span></td>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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                             <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>HIG=
 Capital</b> appointed <b><a href=3D"https://url6380.news.pitchbook.com/uni=
/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULtD8IpqLv=
NzqIzY4-2FDUOsVO6uReoUi1T7KD4iV-2FDY7g-3D-3DKUgU_I3w5d9c01gkD8gLzFEofZR-2Bh=
6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYH=
dUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZg=
D6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzP=
MHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc9B1-2F=
mIEoPEH4hpHyrKG-2FX4iwvKEMMqeE3fLGEaibY5-2FUqcLBt2GdKmAGukqLz6uLlxHb-2FfRMU=
nTga8CoR2xoDuw6d-2BSuEvh705ZYvGoIyFVIm19rk40tZ754wJ6DOT8xc1yafKVi5mPhKs9k6P=
HtnOZnK9z6wnE7h9pjxkSO98OA28MkW0bxEaVOsbExdJymHbvgsJLNPoUcX9IFjmTrzTACG5Nks=
D2Dr3PYatmpV2hfgfqn8I7KWCi-2BJ-2FzYHBuak-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Brian Schwartz</a></b> as CEO.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Austra=
lia-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULtD8IpqLvNzqIzY4-2FDUO=
sDz6jo6aACK6gRz7pZ8Z-2Btg-3D-3DSqJI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9Jb=
BZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4Wy=
hDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FM=
j-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2FJi-2B5w5gQy3ePyW=
6VUCFvgIlIN12A71iyczTYzuJ55nf8oPnZyB0AGtcWGMVAch3s431LVKWgE5sxpcCoEL7WLkteT=
q3XWxob1-2Ba7jKUx1bW9NVl49Lrm98LlTZUeG-2F75UpORJwj5a-2BbXQgFS5-2BbiD5zNFX-2=
Bf9QYMacxH5Y0f9pWNREy7jzaDcV6WBeEg26f6IGImT-2BGEHfWxzJEj3JWYCNbN3c4m-2BS-2B=
Ca2ReabjrulUCFvaTY5P5Qd4OnwNSgoyc-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Firmus Technologies</a></b>, a data center operator, secu=
red a $505 million round led by <b>Coatue</b> at a $5.5 billion valuation.<=
br><br>
                               Defense aviation startup <b><a href=3D"https=
://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzULtD8IpqLvNzqIzY4-2FDUOsp35q-2F5UQHXKxOs7ddMZ83g-3D-=
3D1zl5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
InNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstks=
S2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLR=
q-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGt=
Ix8t2yKB-2FkErRezAatOsdzPHc-2FWkCKWAQvPBzHYBsZG-2Bj0Is-2FF7zImhnzu4pexf1zs9=
BQsxggPoNhqpltAUsvF0KBcMlE1EV4-2FBNqnf9dGx4-2BRemzyCsdkLS4-2Fq1QCIK-2F8nO1E=
QFZOpN5s9e1r2HzhiPrVwics0R-2Bf4hngTTBxYjaDumIXN2ntZ5Ne7rW9YIswszJ3qFlBW9Ggh=
xT2usPL3zwZTTetp0Vqg8A-2FEPaobf-2F4jnI0dnL93gEEXCuDbo0CsANGv5KeeYRMsXpG5-2F=
yxJosw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Hermeus</=
a></b> raised a Series C comprising $200 million in equity and $150 million=
 in debt. The round was led by <b>Khosla Ventures</b>.<br><br><b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzULtD8IpqLvNzqIzY4-2FDUOssnr1c4YqdxG9-2FsD1E5Js=
8Q-3D-3D6eqH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwu=
ijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIy=
w7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6g=
vTSzGtIx8t2yKB-2FkErRezAatOsdzPHc9Y0j4BEKgILL6HctsrDong-2BOVblxbTSUxuCS4K-2=
BENi9iq5V17ifmZEssn6sbR6e1Kyi7qfoGvpvz6uRU6b-2BDKnriNYTMFfx1YMXwFxc3rpN3tTx=
6R83NgQ43Qnij9teBpmNcIGswharKasUrXXqWl8ukUV-2BK-2B2gRRPWV0l0MBDO4YrLyJ-2Fjt=
B2DpWBY855AJE3HBwLEpPx5QNUsQLYE99UcrGjDgBiM9FFZkJ-2Fb8DIVtGE3p5jG3JL8fe9-2F=
K7BWEA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Starfish =
Space</a></b>, which develops robots to service in-orbit satellites, secure=
d a $110 million Series B led by <b>Point72 Ventures</b>.<br><br><b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzULtD8IpqLvNzqIzY4-2FDUOsVGkGRqogOGZbGzjv34K=
udw-3D-3D-Dri_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa=
0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhw=
uijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWI=
yw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6=
gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc9uiISu-2FuNwA96TQg8cpH-2BEoXdLe0eGs1GJIQZ=
heVV9-2FowTrdAabx8kfvFEDbFarzh4CS1-2FBpZV-2FDmD-2FIsZ5BKk-2BU-2FIPyQfny6zLQ=
lWL3K9nMgFYI4e1RM1i37nhfQscYCvGZdIHdzqq-2BPEur76xvjp56NnwtLkw7dR4fY5K6REaIC=
hR85yzQ1NPWaovAgW9a0UT8UHYW4ArnO5ZtDPJUdLMqm7-2FYCYQBzexT47qU1O7swvVeOTOD8l=
RltufCtjLrg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Modu=
s</a></b>, the developer of an audit technology platform, received $85 mill=
ion across Seed and Series A rounds led by <b>Lightspeed</b>.<br><br>
                               Medtech startup <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzULtD8IpqLvNzqIzY4-2FDUOsrtz-2FWKQ4aKgX4UN6tVqGew-3D-3D5bk6_I3=
w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F=
4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA=
3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO282=
6ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-=
2FkErRezAatOsdzPHc8i5Fl3LARzbLvdwn8GUnF1vwq8jWrN4bHw3Map3RulO6nkGGioD8qboOk=
fSH3Y3kkYyPkxsQjky6UlRN4lVymxRyoaAglW6hJMgLefLtos7NyREtrB4Hu-2BOYvgjihHsDq1=
7GZzOQSpKMS4KT1Ai1uZz1HTKSn71Vib3tDY6ZxqUhlN9NXKaC7B0vsnqlZAkRveijMxRAv50T0=
dsNuHnQ1RVIEJKgmcIEwWlfxBltLcAx5As-2BCdzl-2BajYDznTcbOGs-3D" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">Endovascular Engineering</a></b> r=
aised an $80 million Series C led by <b>Gilde Healthcare</b> and <b>Norwest=
</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?=
upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXonvjpe3gwlD-2BhUZXA=
U2Baujdw9gcYotlTny5Ww1hWRQ-3D-3DcNh5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFC=
fmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9J=
bBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4W=
yhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2F=
Mj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2FEOPAv-2B6Zn5OOf=
fvjQ92D0H2DmTYAqABnXmGYtfDWGeeyCKIhhWhwrEumFsVzGLe9mYSqO7qyt-2FKJ8nmDdfa-2B=
XaJ3zxkllx48CinGRLJsHogLtZJI36MV62nNFCV1rxf-2BIhZv27pw2fUEjqtMBS7rSCVhrvlal=
MNbAJwn0Zq-2FcwQarv-2BVoD3yecyfzF-2Bg1vz3pzLvzovq-2FK26wCmnb9eoKWJXM8VcQd1v=
dszy-2BJAlCmebIME3Sdurb8VhQ9l8HYyY-3D" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true">Route 92 Medical</a></b>, which develops technology for =
neurovascular procedures, secured a $50 million round led by <b>Novo Holdin=
gs</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXonvjpe3gwlD-2BhUZ=
XAU2Bai6la0EoSgwJyuRjbFpxveA-3D-3D_rfR_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR=
FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK=
9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH=
4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-=
2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2BAU7vY4RbZglwu=
MMw67eYxLwMpMqRz4I7AZK-2ByRNvk-2Fn4PqOl5X0re5HZWTVzPs2krfNeGNDFPJM1uiIWp2zj=
DV-2Bi2XyNiWIZGTuFmIe0IP1Q9uPXE01x9ZZ9rjb6qmHxm2Wxw6rKJRDsXkmnExQ2HM5-2FC65=
MsVPFHDnB1-2BkqXhq57WeUnQHilOG9YkToswm3Bwr9FNZBA0H2viHKbDPa61Nnt622A3i1qjCi=
fSuCc4ezOPzhaNpVEjMbdbSOHTf4-3D" style=3D"color: #1D5080;" test=3D"" univer=
sal=3D"true">True Footage</a></b>, the developer of residential appraisal t=
echnology, received a $40 million Series C led by Cox Enterprises' Socium V=
entures.<br><br>
                               Indoor digital mapping company <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXonvjpe3gwlD-2BhUZXAU2BaLRldRl2h-2B8ZkAqTuT9CS=
-2FQ-3D-3DNyEj_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFV=
a0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dh=
wuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMW=
Iyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk=
6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2F5DRV7zW-2Fl6FitpGoXUTZNIr5k6q4qDRIgbp=
-2BturiBl9KaG23uY8lxIf-2BHVZm08FQcS0zCbFf6JF9mZUykzDGgZ-2BRGqFYDilgsvZK-2B1=
JRyjd-2Fk2jDyVMP6x2J-2FADA6hIHVoT4cOzURP0Po90msdEDcWEP65DINcWHqYkYDal3irpd6=
V0xF0Dq5OtwLTUpWuSRuCKgZcvtUcbuEmLVTnrk99eIZ2F4Sj00Y-2BkyA95x-2FS5C-2F12dfQ=
fyoI7nrcPxQH-2Bk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"=
>Mappedin</a></b> raised a $24.5 million round led by <b>Edison Partners</b=
>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Per=
shing Square Capital</b> made a =E2=82=AC55 billion offer for record label =
<b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXonvjpe3gwlD-2BhUZXAU2BaKTDw4NmR5=
NV2xVcsMNOYKg-3D-3D-awQ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv=
7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76Q=
tvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7Gm=
lZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc8Xj9306oQSiIN138XdO22eMr9hq6dZt=
kDTGwx-2BQmGbGM7pCXUrasyB-2F-2FBK5JsHlDJq3lc3SiU4rz00obW88-2FDMDGOtOIb3Tsel=
mzrcSd-2F75QgSSvBnyGqQ7xECCN5U4cFDueCtAGhYI6M-2B7Q5mTWz-2FjKfDb-2FkovpshhRd=
PYP-2BKtapUpjRaYhf52K2ftf8bWGiHcYl3EZCY8rq6C1APGEy1PS2jqxG9DgOU5jNyFdf2nFNz=
6oSEgWBWkUS8eGReoYE-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Universal Music Group</a></b>.<br><br><b>Blackstone</b> and <b>Tinicum<=
/b> agreed to acquire UK-based aerospace and defense supplier <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzXonvjpe3gwlD-2BhUZXAU2BayGiT-2BRD7NbgPgZy3rD6G=
gg-3D-3DCwA1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0=
m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwu=
ijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIy=
w7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6g=
vTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2FFF4cWV0R5MIKG1JVXWA5fX9ZlDBoVFyxapIYhqF=
1fGaNjVLiOUX7Bcwa1TtJGU2ii5kpGspWjTNDs5AN6ExbCzCUmQQNzYa7MmnixBUUTiZbyTPgNK=
7iGtANiPzGhvOw1g9FyMWqj89VWsNtCIBzqCYCk7PwzbczcGl6tkAeEfuVxJACIAqBKirzJkyXc=
NP9oTMraeug65L-2Bs8tirSH2rUh-2F3do6SdqIDsdHuqGgb-2BzhSjOtmvHaiSDSG2aNDsyo-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Senior</a></b> in=
 a =C2=A31.4 billion take-private deal.<br><br><b>Blackstone</b> invested =
=E2=82=AC250 million in <b><a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXonvjpe3g=
wlD-2BhUZXAU2BaTJMx10dv9PHUaWYz9Z1vow-3D-3DKFLO_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHd=
UxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD=
6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPM=
HxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc90McQQF=
Lmu6ZirUQEiKHU5kaBmcgo84V2suxCnzsApQbWmUQN5QD-2BksDNoIH4GdUOksnDYRQ2DEGTHWY=
HlA3BgorRdshcxzydj6Og7Bmd9QpqOZBm4238-2Fl-2FBJkkdXe9lpqPxO6zw0e-2FN3-2FaJB3=
ip9GxTDrFrYnz2hYPxsz-2BukBii2MVCBZTcbCK-2F1PJETR-2B9kNboNNeBVj93QfIVW1HuEGf=
0k27jsGpAx21HCn4HcIk78x0tSsROugMCnaLh3R0g-3D" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Sunotec</a></b>, a Bulgaria-based utility-scale p=
ower infrastructure company.<br><br><b>Sixth Street</b> agreed to acquire <=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXonvjpe3gwlD-2BhUZXAU2BaeRhbpzW-2B=
xoHvpPa-2FTWKUbA-3D-3DldNd_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxG=
dAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl=
76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty=
7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2BfSuE-2FvLcYTTtSes2D-2BQ8g=
e2WZ2ZWOeHosK8jnmAjCBfqisEngLaeA4Pq4w-2F0uRt7ah-2FdzcsfKUb7SRK5SGX0aVgKGSpY=
V8mytvIrldPGLqSY5AcM1pP5MGvklwGrTVwAPsASSCUjJMgPArOIt2mvhpVXPipVHqjgfxvJV5G=
0bdWWaxC-2FtnUCljtPycMwlJ-2BEsFsyIWlzQpPeJWn-2Bnf7Ho1OUCvBvvxjliG29Y9ujAZ8y=
77RJgiw3HVb1RPFt0BbA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Sunderland AFC</a></b>'s professional women's soccer team.<br><br><b>B=
GF</b> made a multi-million-pound growth investment in <b><a href=3D"https:=
//url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzXonvjpe3gwlD-2BhUZXAU2BaAL7s2PkkXtL1eVv-2B8mTOXw-3D-3=
DF3d__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFI=
nNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS=
2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq=
-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtI=
x8t2yKB-2FkErRezAatOsdzPHc-2FDD-2FsUtc5fAenTL4D6g5vUXYUVIFA4RCfjv9bnQWH-2FY=
wRLUQ2VkaSCTucjIf9URK-2BkLr1cOzhGtTlJ1nPSwtobr8q4AGb3KrKQXIMYSoK8FwbMshboqI=
BwPdONI-2F7Y35-2FYIXjVtFGPXCteXueDrc0oayUMptMSu8bqZwuoBglQVpTPhsc8HgB7KIrd5=
FZbJnwGxbCE8CwvE3C9eAwZr4I-2FWGpItyYkSiyK4sFE-2Ft6amckdroj8-2Bi1zQsHNM7HlSC=
U-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Fivium</a></b>=
, a UK-based public-sector software provider.<br><br><b>Keensight Capital</=
b>-backed <b>DimoMaint</b> acquired <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzXonvjpe3gwlD-2BhUZXAU2BaWKY3Zy8OBlCctaF55c067Q-3D-3DF7l9_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT=
4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor7=
4gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnh=
t-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOs=
dzPHc-2FO336OLzB9U0o3wW8Q-2FRBbjc-2Bok2CtOG3J5OBoIn2ac-2FTSg5R3ImCEh0EGQcWH=
fliNR3HNqN6H-2FKjf3ZPTboz8UstpXS-2Bpk9L-2FBgdEwshG3m1-2F3ZJMwPcyiynIivBGFT3=
7QsUVKRYzegiONgC0VkYnWbxiN03BzstAqrxKKlY3XvzsNvQ3czH0txjUw7GRCXpnWjhxyaghbE=
pouzuMbASHDRCUZeOZpuYXDwwA-2BPFTbnzdH-2BH3qAjFIEF-2F6ii2lFw-3D" style=3D"co=
lor: #1D5080;" test=3D"" universal=3D"true">Camileia</a></b>, a French clou=
d-based integrated workplace management system.<br><br><b>Sound Growth Part=
ners</b> acquired roof preparation services company <b><a href=3D"https://u=
rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF=
a-2BaqM7ONnvsnswouzXonvjpe3gwlD-2BhUZXAU2BaVWVcF235ceodyvqKHjbkpQ-3D-3DlbZW=
_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba=
-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2B=
dcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO=
2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2y=
KB-2FkErRezAatOsdzPHc-2FDcw3ZpGRr3u9u6ndQTZlKhB8vlrOMJTTtKd7nu2U-2BMAd4AcWt=
4uy3tC05oOB6ZNJYTJv1aPRkKSlUQVwzPyqQTCID608csSyCy15nfON-2BMmnYiuLi0D7KAQOoP=
hlBeMDCAfDwNUBoLnWftS7Z5H09ZUM7vOGwSZieUV1NnKoAfNx5WLnu7GhORN0h4dllBpZwvkQ-=
2FoiOyL-2FoKmZFtnmMaFCr200GbH9jv-2Bc7S0bhSAqIj724KLCRZFrh1GK3eMQ4-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">Hydro-Vac Holdings</a></b=
>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Nasdaq=
-listed <b>Gilead Sciences</b> agreed to acquire Germany-based biotech <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVOTTpzks26hnLiMjM-2Bf87AIrHdp4gBELXUn=
Iz-2FonY4kg-3D-3DBjSS_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb=
dWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7k=
ye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76Qtv=
nwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZ=
n6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc8l6opPAP5FtqwAWXkuuMeDcMmWyzMRbav=
h-2F3-2FFNf9OVbxAfJ1UHXoA5jBvsP6q8Xbaf2roIdkX0bUrGnT0L77GD4DFTWtRyEY4O-2FUy=
LTry-2FShOa5eDCM96ZyGl5iOsnc9K78BU4dLYJHQcy6fR4VUnp9PlVDQ5rPpJ4EvnK1yLEMwle=
qBZgw76Tt65GQTdHat8fdcK3POiXF8mEtka38XWLQSA7WSeUHn8Fjuw40452cNcYFL1XUCgg3g6=
VX-2Boi7s-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Tubuli=
s</a></b> from <b>EQT</b>.<br><br>
                               A group led by professional golfer <b>Bryson=
 DeChambeau</b> agreed to acquire AI coaching software developer <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVOTTpzks26hnLiMjM-2Bf87Agn-2Bd-2FWJ0RwEG2H-=
2FPCmTDgw-3D-3DOeF1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye=
6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76Qtvnw=
bzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6=
N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc8D4HidveNfcp0l9mXlv-2FGV0Miyc3F50mL=
HmP-2Bt4Y1qL4TxtNP5D6TGlkqBZ9Kd-2BUZMzZWKawrSlzP4IfrTTspLYgs2qNSYCaMWG5UAUD=
l1uJpn5c6wNPrmnA46-2BlcX4uCvDTynzYu2usMvJBfM7jIb3QMmCze9xRdO7mo-2FMVaIbmSBC=
LZso1UDnlvNpWZtXrnzUVaIjkhZwcGkWM-2FMOPH-2FKsKZvkwshsg1FGZLjUVPz7ngaX4sK-2F=
kDzY-2Fxe1kNxZU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
Sportsbox AI</a></b>, which is backed by <b>EP Golf 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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;"><b><a test style=3D"c=
olor: #1D5080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVOTTpzks26hnLiMjM-2Bf87=
AAj3-2BQCiM23gFplhyeyq5tA-3D-3DRkAG_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9Jb=
BZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4Wy=
hDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FM=
j-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2FZjBi-2F5mxF7ekXI=
8wUCsxfXpgnBn5jc9-2Bw-2BibxE0shxlQjJqevOHAIsrd1yd5kkWQRIPd8lOW9VJf-2B4SV8yU=
p-2BQOADXtMOLM6MdubsOfolv5kLqO3UXdZPamA03WSxWKykfzIqVv1kZ-2BNBZXyiiThREX-2B=
kbdAYb3ZtxFG8H83JsEF7FzbWrsjdku8FBJ-2FTg7eTdzMQjk4nwXYQGb05Hy1KRwuRWvO9TUr7=
uH5V6ycoNWMwknsA4xFHzUn9xiR2Yp0-3D" universal=3D"true">ArcLight Capital Par=
tners</a></b> raised $3.9 billion for its eighth fund focused on physical i=
nfrastructure. <br><br><b><a test style=3D"color: #1D5080;" href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
GFa-2BaqM7ONnvsnswouzVOTTpzks26hnLiMjM-2Bf87A3ZgDXinCNOnCB96ywySLYQ-3D-3DF5=
GT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNW=
ba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-=
2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2B=
gO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t=
2yKB-2FkErRezAatOsdzPHc-2F-2Bnpho9IZHksrP8k-2BI6I1bI5XxMhCimyWoF0cAo9T8qSK0=
OJjK1XiYjuFwM5RFu4Gpd3DF7nV59o-2FwHQ2CxYOiI9PKKsWYYTfXIGttHN1-2FRI3XA2Sk-2F=
yrQH-2BFf3NG01KUTHh4mUjTNSswQrgx2-2BqGNfmj973j6mL-2BRa1Fu5PpanA-2BJ9N635G2-=
2BQYvjulDiTm0rRztihyQ4OcXO5cbrQ5ay6kzzc87X2Tvu4-2BV8X8kKPBaAcgcNQyZrPx2-2BL=
Ak-2FvuE-3D" universal=3D"true">Eclipse</a></b> raised $1.3 billion to inve=
st in robotics, defense and AI infrastructure. $720 million will be targete=
d at investments in early-stage startups and $591 million will target later=
-stage startups.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Investors</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVOTTpzks26hnLiMjM-2Bf87Aov33L-2FQsVq849=
67q4FLpcg-3D-3D9hog_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye=
6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76Qtvnw=
bzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6=
N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc-2F3p2ED00zotHLWt1R-2Fu5on4m1RtsD9Q=
WKGjTs7wuiYpzk8joQwOUmedpCojZyYfPFQS2GKeBuCshejQy-2ByjQp7YtSOJ-2FGlHxBf1F8Y=
-2FIeMzKV22C0LJHSprHCEXVfW5rovLmGR3u41bbutFanmXJoZEp5cLRVfD0Jl4bsA9M0GSaKJH=
ASHcwgchov-2F0b1KqUPl-2FtFdcARcJEgBnoSMeqJzhpe4B6gW0Gd2dIKO-2Fp7THf14S57TX1=
IrpK3WQ3dRwuM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">An=
thropic</a></b> is investing $200 million into a partnership with PE firms =
including <b>General Atlantic</b>, <b>Blackstone</b> and <b>Hellman &amp; F=
riedman</b> to sell AI tools to their portfolio companies, The Wall Street =
Journal Reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <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-2BaqM7ONnvsnswouzVOTTpzks26hnLiMjM-2Bf87AeBrpuur=
Sw0BpqEn5ijpkFw-3D-3DK5k4_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYILxVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGd=
Av7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalBor74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl7=
6QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7=
GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAatOsdzPHc8s5h3AYOA9ycpLLu9H6oPapc-2B2n=
2HVHjX6X7sj3Ri-2BWcz5GtGbddwXtg-2FaqQruM-2BXY4dWkfj09nXEJP6CqSV3SPG6oHZ-2Bj=
b5MJzMMcF4-2FGybRl4PWAV0n0de9qcQkFh5J8eHL19v-2FclLmtQpffzrUtIb4NW-2BHoUfzmq=
BusxMDmsubSkAsJRgku5AQtQOBRcqfQTx4eDOGcpnsNqGui3luRiXg3OeN2Ew-2FJr1zq7Fx22y=
8eJ7hEanpalv-2FQS-2B-2FxcK8-3D" universal=3D"true"> <img align=3D"center" a=
lt=3D"" src=3D"https://img.pitchbook.com/news/73608.png" style=3D"border: n=
one; width: 100%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
>&nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Last w=
eek, fund finance provider 17Capital held a final close on the largest fund=
 dedicated to borrowing against the value of private equity assets, a strat=
egy known as NAV lending.<br><br>
                               Source: <b><a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzVOTTpzks26hnLiMjM-2Bf87AeBrpuurSw0BpqEn5ijpkFw-3D-3D2v8S_I3w5d9c01gkD=
8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFInNWba-2F4w4bM1NYIL=
xVT4IPGIkepvYHdUxygYDlnK9JbBZzx5GPxGdAv7kye6f4dhwuijstksS2J-2BdcA3-2F5IQalB=
or74gFEW5ohcZgD6xxkn7mKH4WyhDwdnZjZl76QtvnwbzVMWIyw7zYLRq-2BgO2826ZyC11bQ-2=
Fnht-2BgkYuBzPMHxcpS0YK-2FMj-2FBC9ty7GmlZn6N4gSk6gvTSzGtIx8t2yKB-2FkErRezAa=
tOsdzPHc-2BPv6x4g7XGK3Mp4gOjoooHy9S7k8w9-2BhslQc-2Blkpay9hzOwavd5DPnLoeBIZw=
2-2F13IPjjQCVQxmjeNMdf2kheTsXMRjpxBRYU6sbMdTl3FKKBULuq7BIiqA8zm5b15-2BFOlgX=
upJ-2FLzjvhuvGnppCt3rTVoYGeoFQzrf7vgxGCYGsZ-2BnA0il0LAYTUSmcmEOxQv-2FTuaEKo=
zqSO905QBUmPFvGS5LfpUhBvBKJ4pzCLwEt-2BYs34J-2BAIQ6U8bmAOTPxo-3D" style=3D"c=
olor: #1D5080;" test=3D"" universal=3D"true">NAV loans and preferred equity=
 are cousins, not siblings</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
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                        <tr>
                         <td style=3D"padding: 0;"></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0; height: 20px; line-height=
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                  </table></td>
                </tr>
               </tbody>
              </table></td>
            </tr>
           </tbody>
          </table></td>
        </tr> =20
        <tr>
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