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Envelope-to: vetyl@ponjosonek.com
Delivery-date: Mon, 13 Apr 2026 18:18:47 +0700
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Date: Mon, 13 Apr 2026 11:17:46 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: Energy funds beat the odds
To: vetyl@ponjosonek.com

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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579687" id=3D"n_579687" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Funds investing in the energy =
transition shattered records in 2025 </span></td>
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                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-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"><i>By =
Anikka Villegas, Senior Analyst, Fund Strategies &amp; Sustainable Investin=
g</i><br><br>
                               Conversations about sustainable investing ma=
y have quieted in the US, but the amount of capital raised by funds that in=
vest in energy transition infrastructure=E2=80=94both exclusively and along=
side other sectors=E2=80=94speaks volumes.<br><br>
                               In 2025, infrastructure vehicles investing e=
xclusively in the energy transition space raised $47.3 billion, according t=
o PitchBook=E2=80=99s newly released <b><a href=3D"https://url6380.news.pit=
chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns=
wouzXIWM-2BxAgwKuVGPz9V7IxGHpGEAxA6Y-2FkX-2Fejfr5aEzzQ-3D-3DRFdS_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9=
O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk=
-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCC=
zJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTWaDo5RJ-2BdJVDp=
d3vIq-2BGhHVupys7vXRXKqilbh1JTpan8Ac2VdqihemXAZQQG-2Fb0Mhexz4V01AY1LFenJ6x6=
9lACuw1HkblrDaKM5jq4GZIm7g6OC2lJAsA55NDB5sq2nmdwZi3shUFuqD8fxJWocuEG6rUleXE=
N4qObqka8EympMKw8FD-2BG6moP-2FeDUQMDXD9zqIgfxMPAzbizqSA5SE73qgovoFi-2F8-2FS=
WC5xEYXoeJ4WsA2eTwacVZTVKiVBWEPj3Ik2kuIrqtUcDGRzoot4-3D" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">2026 State of Sustainable Investing in=
 the Private Markets</a></b> analyst note.</td>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
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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-2BaqM7ONnvsnswouzXIWM-2BxAgwKuVGPz9V7IxGHwvdufG8=
hWcakK5wQsWzLwA-3D-3DjD25_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mc=
uMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJIS=
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kt1rBarz-2Fgo01IFepVTeFN-2B0MJL-2F0pibCtPnbPIAaWFKINn-2Bjof3QHgrHEgmVpZAePc=
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GqrQLLFeLWEr1fVRMhC-2B1ndBxYrH6LrkpWqwBDZrzggZGS9gzEH-2Bdd-2BEb9AEfx1teTyU5=
sEOByL4wvDVvKvbj5m3qOZm-2Fvby4-2B6UYNzmOpWB6Gskv4lpqtnslQk7zXueXXJtf-2B2Q7h=
-2BFK1L1pAlSKe3J2Qi9cko-3D" universal=3D"true"> <img align=3D"center" alt=
=3D"" src=3D"https://img.pitchbook.com/news/73721.png" style=3D"border: non=
e; width: 100%; height: auto;">  </a></td>
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>&nbsp;</td>
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                          <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>
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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">When a=
ccounting for commitments to funds that invest in the energy transition alo=
ngside other sectors, such as digital or transportation infrastructure, the=
 amount of capital raised reached $171.5 billion in 2025.<br><br>
                               This is the largest sum ever raised by energ=
y transition funds, and the record was broken during a year characterized b=
y fundraising challenges for most of the private capital markets and a poli=
cy landscape that was complex, evolving and, in the US, rather hostile towa=
rd renewable energy.<br><br>
                               So, what was driving capital toward this spa=
ce?<br><br>
                               Energy transition infrastructure stands to b=
enefit substantially from durable structural trends tied to electrification=
, digitalization and energy security. Power demand is growing sharply, driv=
en not only by consumption from AI datacenters but also by other factors, s=
uch as electric vehicle adoption and advanced manufacturing practices.<br><=
br>
                               Conversations with fund managers and limited=
 partners suggest that the positive environmental and social impact stemmin=
g from these funds' investment activities remains an attractive selling poi=
nt. Many investors also express confidence that their sustainable investmen=
ts will provide robust risk-adjusted returns.<br><br>
                               These dual convictions help explain a spike =
in commitments to private capital impact funds, which raised nearly double =
in 2025 what they did in 2024, driven in large part by infrastructure fundr=
aising.<br><br>
                               In our 2026 State of Sustainable Investing i=
n the Private Markets report, we identified a baker=E2=80=99s dozen key tre=
nds that we expect to shape the space this year and for years to come, touc=
hing on AI usage and sustainability, defense, DEI, greenhushing, impact fun=
d performance and more.</td>
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cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXIWM-2BxAgwKuVG=
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al=3D"true">AI climate tech startups are propping up clean energy VC deals<=
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u49tZ6dAoPJSvyyXZ0liz-2FWED9qFPaWJDkCu-2Fj2Ch-2FfVp7Mh-2BFCurFuae3mci-2Fysy=
DFET44HspRJiBjXu3QOBftga0TMpTmJkAcknz9og6wLjZnbhqVXOKlUqpAz-2BCjYJUP4D5QcFf=
HO6ohFY9yHVaB-2B03Ot8S38KMNjRl8KHW-2BG8qBjDRygQ2Se-2FPOkHxKqK-2FSEAIZgUXsqu=
kRGANElgZr7k8M54vaj08q-2B5E-3D" style=3D"color: #1D5080;" test=3D"">Explore=
 advertising and custom research opportunities</a></td>
                              </tr>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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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%;">
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                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
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                  </table></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%;">
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                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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                             <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%">
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                              <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;">=E2=80=A2 <b>The SPAC=
 market is ticking back up</b> as companies in hot sectors turn to such dea=
ls to capitalize on their moment to go public. <a test style=3D"color: #1D5=
080;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4=
n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXIWM-2BxAgwKuVGPz9V7IxGHP1rpXfFxj=
93nOrttsqrpGQ-3D-3D1rTQ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuM=
h6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEg=
Zl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt=
1rBarz-2Fgo01IFepVTTZ-2Fagz5h7igQHt-2F154Bb9ExjsX7-2B-2Bwtuw15wfNCFLopm8DKe=
jBIIUdEjagl1pyUKv7NAhlvSRaDZRri-2F2MhHagQoeY2Zze1ku8XdxkwZyxjPTzFzWjjLR9AzY=
AfSSuCGSmAjkO5VOTz8YwLB7ST3w8g7sPcU9UheGvW5y6MbzZJ99uUF37ctQMe9AKtYssQiUwdX=
7z4nESIM5Jqa4nE-2BSdCBvanaF-2FcK063Tiqn2b1m8kjqlcW6MGMWJsqJYwHIbJ8vSuOAf9nl=
QN5DX6Hqz08-3D" universal=3D"true"><b>Find out more</b></a> <br><br>
                               =E2=80=A2 <b>European venture debt investmen=
t is on course</b> to beat last year's levels=E2=80=94supported by AI deals=
=E2=80=94but interest rate fears could still <a test style=3D"color: #1D508=
0;" href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7=
3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXIWM-2BxAgwKuVGPz9V7IxGHCXqYi9DabMj=
3H6ai4y3i-2FQ-3D-3DgvTl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuM=
h6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEg=
Zl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt=
1rBarz-2Fgo01IFepVTTZ-2Fagz5h7igQHt-2F154Bb9FLqT2RsidTqXZe8fvxDu8KDqn9JKdMV=
qnuhZlfGm-2BLdl0w3c0jRcxlmazNs-2BENhEz-2FoHS8b-2BV3BQe2zW0E1pyOumPVPgNNhjur=
khqUuCTeK3I-2Br8-2FEkqu0BMHA5JxnfAdVHoLGpfmkAICYKoJ8qAE1ziWpYcqK1VPfcfFGXt0=
VXUtVNLttq-2BbwSEbiA3umBq78g2gAFbnJD6BIiZ3VSO2sZfHepFBj2LLLcs0StsAZt3m-2B6I=
onEjjK-2FntbKnxghvM-3D" universal=3D"true"><b>kill the momentum</b></a>. <b=
r><br>
                               =E2=80=A2 <b>Europe's sponsor-to-sponsor dea=
ls</b> surged in Q1 as exits dried up. <a test style=3D"color: #1D5080;" hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXIWM-2BxAgwKuVGPz9V7IxGHYsGVJyvwmBdb4tK-2=
FDON2kA-3D-3DHClE_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HO=
m9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgX=
JK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz=
-2Fgo01IFepVTTZ-2Fagz5h7igQHt-2F154Bb9HWiF8SG-2FcG2oyQjZOal70Uc-2FE9JoMQCC3=
5ztyOsMVjcmHkBLrf3kb51JLCywF9ZD1UR5utoAWS6F39-2FNLSq3b4QLcBkuFzZPJ8uYI2QPPD=
Da64QDECRYV7OQTFnzy-2BhwNAP3d5Ut7JZC5bLO-2FhmHVTrVfRpJpdfv73XRWgOmvOGy3DqAw=
uakD8RMw7Hbuq4F1p3zhkeDgq856HhFDIfSolfkZdx-2F1YN1O6B9qLtSTczKou1fm9Os3nfSdU=
MlKNbXQ-3D" universal=3D"true"><b>Read more</b></a></td>
                              </tr>
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                        <tr>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
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dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
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                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579472" id=3D"n_579472" 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;"> SpaceX isn't the only defense =
tech IPO that VCs should care about </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>
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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"><i>By =
Rosie Bradbury, Senior Venture Capital Reporter</i><br><br>
                               When HawkEye 360, a satellite surveillance c=
ompany that's growing quickly, goes public, it will be just a fraction of w=
hat's expected from SpaceX's behemoth listing.<br><br>
                               But the market's reception of the small defe=
nse tech startup, founded in 2015 and backed by BlackRock, Insight Partners=
, NightDragon and Razor's Edge Ventures, will be an early indicator of what=
 to expect for public listings from other companies in the sector.<br><br>
                               Hawkeye 360 runs a signals intelligence plat=
form. It operates a constellation of satellites that detect and geolocate r=
adio frequency signals, then sells that data and analytics to customers tha=
t are mostly governments.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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                              <td valign=3D"top">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" lang=3D"x-image">
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                              <td align=3D"center">
                              <table align=3D"center" border=3D"0" cellpadd=
ing=3D"0" cellspacing=3D"0" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td align=3D"center" style=3D"text-align: cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXIWM-2BxAgwKuVGPz9V7IxGHOwRZJnc=
0Id-2F3JlRkrfTY7w-3D-3DmbFg_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B=
iQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8=
mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJ=
ISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9Bckqm=
bBkt1rBarz-2Fgo01IFepVTTZ-2Fagz5h7igQHt-2F154Bb9ExjAQvJ2JJ-2F5X4APfA2WIe-2B=
YB1Rwh-2B44Y7lrXV2EAG5Sc8qa3hOrwpjIrxdvu5XNpyCHU-2FMyu-2BmGE8CidiRk9DZZVPyk=
JGQ5PWB9EMRuARu2Ui2L6KECmJn2okLm704fpDqH7ot0nM9UQTXuoHxoI8AxEIvYuTZeE1M-2FP=
Xb-2BZ88CzI8RfWglMzPfhxUevmaDedb4bjKviwDrJd5uMZSuIDSgu-2FfCkEr4g7-2FoIt32Hb=
WW3ws0oDCDYzOiyUNVt9uAk-3D" universal=3D"true"> <img align=3D"center" alt=
=3D"" src=3D"https://img.pitchbook.com/news/73731.png" style=3D"border: non=
e; 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></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">The co=
mpany had a tremendous year, per its S-1 document filed publicly Friday. It=
s revenue jumped 75%, from $67 million in 2024 to $117.7 million in 2025, w=
hile its operating expenses grew by less than 20%.<br><br>
                               At the same time, its backlog=E2=80=94contra=
cted revenue that hasn=E2=80=99t yet been delivered or billed=E2=80=94grew =
more than 6x in 2025 to $302 million. Both Hawkeye=E2=80=99s net income and=
 adjusted EBITDA turned positive last year.<br><br>
                               "The backlog growth is the clearest signal t=
hat this is a real business with a real customer base," said Ali Javaheri, =
senior emerging tech analyst at PitchBook.<br><br>
                               Overall, Hawkeye's S-1 filing paints a pictu=
re of a company riding the wave of booming defense tech spending by the US =
government and its allies. It said current geopolitical conflicts "may prov=
ide potential new opportunities for our business."<br><br>
                               How Hawkeye performs in its first few months=
 in the public markets will be a useful data point for the sector, as it's =
emblematic of the typical VC-backed defense tech startup. "They're still ru=
nning operating losses, which tells you the company is very much in investm=
ent mode," Javaheri said.</td>
                              </tr>
                              </tbody>
                              </table>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: =
100%;">
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cing=3D"0" lang=3D"x-content-btn">
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RxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-=
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ng=3D"0" style=3D"width: 100%; min-width: 100%;
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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>Rel=
ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWM7LmEP5MDNgwv2=
xIVYRrtIww-2BkLiuEpZcdsDOgdzxdA-3D-3DYChW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl=
JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoR=
rgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb=
-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLh=
Eq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTTZ-2Fagz5h7igQHt-2F154Bb9Ho972S9PO-2BH=
TYqiFFBh2WJEnP7glVr4BRvrLcWP424yMt-2Fn-2FhB2IpHR64FFr1QnO2e-2Bi7Y-2FEjKqqzE=
N-2BiuqMHgkZOvUpk2aToqK8e01uL5WA7smUdlw-2BbFn40r1cUShJ9JpViGToU0Fp0bc-2F-2F=
SJZyYus8YW6IkzLNVO14XbhO9aJTpKCY1bAc2DlGuUo22giCod9ZfcMpT6fxgSNXMqxsFsToQhc=
uuOahwNrJy-2BnkWsWPm6zxNrACzAKrJC8yl-2Bh4-3D" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Iran war will be trial by fire for missile interc=
eption startups</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>Some patients diagnosed as vege=
tative may actually be conscious to some level.</b> A landmark study found =
roughly one in four of these patients had signs of hidden awareness. [<a hr=
ef=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw=
7SpSWIrf6GFa-2BaqM7ONnvsnswouzWM7LmEP5MDNgwv2xIVYRrtTSTlTE7r6UQhL1AhMvE8-2B=
A-3D-3DDQJZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA=
68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CL=
IOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV=
2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo0=
1IFepVTTZ-2Fagz5h7igQHt-2F154Bb9GgQKSa0nu-2FAHP19YsqraTsGHmQ64jeqPfX5ngrkgl=
9HbNjKVjTxchXZj9IKgKWr2yjLjCs6iZDPzpMO-2FwrTSZANbkZt-2BsF3mB6Zvcn3XfreZg1IJ=
k-2Fa8-2FW7-2F0BSHDRYyA6PHzdg3EhJFBsy2wSboBsPU5FYEv6eFGtor6VnjJDkAlC6Ouelu9=
oFE9yjSpjqgVj2r-2B1eekCR2zagb2F5q6XC9m3kwLUVretdWe51ZoPQQla5aSggiAkjybGtn-2=
FAIDc-3D" style=3D"color: #1D5080;" test=3D"">The New York Times</a>]<br><b=
r>
                               =E2=80=A2 <b>The modern sports betting algor=
ithm traces back to a bored nuclear engineer</b> who snuck onto his employe=
r's mainframe computer in the 1970s to rank softball teams. His Las Vegas o=
peration made millions of dollars=E2=80=94and caught the attention of both =
the mob and the feds. [<a href=3D"https://url6380.news.pitchbook.com/ls/cli=
ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWM7LmEP5MDNgwv2xI=
VYRrtc5MjGLt-2Fa1GeftckGozUGw-3D-3DiXrM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrg=
ntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2=
BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq=
3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTTZ-2Fagz5h7igQHt-2F154Bb9ES3ckCzbr6dUbow=
2Qf1pGqIylkSrOUnV6vc2bNvMW5dGd7nkli5rljeL7NLPejduGyJhO0Cis0Kv7qURjh9nqD6u2R=
GEWOe9mqz0-2BGplbsMRBgLpSPFpECqvyPDNTMDwErrCpI8AHZz-2BAKwDim-2Ftprpg4aJoADM=
weHUtacHUYXEdnMwCDjcYxYfb4jSm5WLvFDIMPHTDw-2FsyQe9vUZrRwUtPWNZUY7OKLBw8EOHo=
4jrGjbmYkQgq-2BnE9hUoH1eHSw-3D" style=3D"color: #1D5080;" test=3D"">Bloombe=
rg</a>]<br><br>
                               =E2=80=A2 <b>Helium is nearly impossible to =
replace</b>, and the war in Iran is underscoring just how critical it is. Q=
atar is responsible for a third of the world's supply of the element, which=
 underpins MRI machines, chip fabrication, fiber optic cables, and rocket f=
uel systems. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWM7LmEP5MDNgwv2xIVYRrtXAPf=
TBVqxl2PbAx3hFePlA-3D-3DZLg5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu=
8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2B=
JISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9Bckq=
mbBkt1rBarz-2Fgo01IFepVTTZ-2Fagz5h7igQHt-2F154Bb9GH-2B8ZGlEUOLSxs1KohWFtfeH=
pguy1zbRfugo-2BUrACs53SxQL-2Bndol4ztJ0meuJ41j9EfXogiH5U-2F49I1DokXafRNtdRph=
wjGCN7vmEzWh5VshH3SlJTV3qAciJNhojO9BqSSnjgAhXvqOG77gDu9h5oappnYNf2x81BfpJ94=
U2pqyulasnG-2Bt65oJTIfwhzmSY-2Fc6bEfBl-2BLVq-2FziMuG2NkHe-2BaX8Hc5U1Sxp-2BE=
G14h6v-2FmLxqTiO5ZmNp8tAJjB4-3D" style=3D"color: #1D5080;" test=3D"">Constr=
uction Physics</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: 33.=
3%; min-width: 33.3%;
                                                    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;">
                              14
                              </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:=
 33.3%;
                                                    width: 33.3%; text-alig=
n: 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;">
                              154
                              </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: 33.=
3%;
                                                    min-width: 33.3%; 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;">
                              109
                              </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>
                            </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-2BaqM7ONnvsnswouzWM7LmEP5MDNgwv2xIVYRrtrI9r8zluRxj5Xr6WFwKbeg-3D-3Dv2f=
l_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgK=
ApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgV=
AJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJx=
cS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTdbG=
ZK5QooSOsJ66bxNDk38GY8vwoerO86772pFOQLeH2oNOAclCYq6nT6fNMyAFmP4sQXtIqCCp5LL=
FA3vOb2d7nrWg1kgpjwq0Sb30AmAGr4jxTos7dILQ4K8deAsZjnsWyUtr05Z-2FeV5NlWQ-2Bjq=
qNtji9DdMbpDgbErypAyXMIrVEiviOoK7QIC5NW1a78Q2aby0lt9MKPphP9TH0FBJBDP9962KWo=
783JXabM58iU6gzOt1FXgde5SZHbQ9EoEV1zl66UAR6Ck7km0Uuowc-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_579689" id=3D"n_579689" 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: 2015 Nort=
h American PE 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: 75.2183908045977%; min=
-width: 75.2183908045977%; max-width: 75.2183908045977%; background-color: =
#1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">16.36%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Top Quartile IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 12px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 100%; min-width: 100%;=
 max-width: 100%; background-color: #40C2C9;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">21.75%</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout=
: fixed;" width=3D"100%">
                              <tbody>
                              <tr>
                              <td align=3D"center" valign=3D"middle">
                              <div style=3D"font-family: Roboto, Arial, san=
s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27=
px; padding-top: 5px; padding-bottom: 5px; float: none;">
                              1.30x
                              </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=
swouzWM7LmEP5MDNgwv2xIVYRrt4nyoQVo9-2BlvoXWDRYNCzPQ-3D-3DmCyW_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79=
Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B=
5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-=
2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTdbGZK5QooSOsJ66bxN=
Dk3-2BdsVPmFGafC0is9xEEGflazCIjzmGOETdVEozUB56AAKLeSdCBk9NcdATEWVS5qoO3TJDE=
-2FMI0xdXTV9WkUiUzovEa8rXZkEPU7vdxYSsD-2BeY7iEARugwi0YrCzey4ICb7woLIv61vpg-=
2FPaWgnvG7CC5WGY-2BDp0uwHF-2F5KjY3zNAnLFYdrvGvC-2BGevEqAOKTpGIC030e0vy02xpN=
t-2BDpuh-2FuTtHvT9PpXPy-2BKIH-2BnG8GXup-2FR0lhNFovzqtlTJaaA-3D" style=3D"fo=
nt-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">M-One=
 Capital Fund VI </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=
swouzWM7LmEP5MDNgwv2xIVYRrtiihrMmsZ6suH7yAvMaaI-2Fw-3D-3DJYWe_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79=
Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B=
5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-=
2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTdbGZK5QooSOsJ66bxN=
Dk3-2FxEVHohSVgCyGECvMeV9u-2Fid9uDAuea7GhDqv-2FgmyUMgApGvlOnn-2F60bfbA-2B8p=
yBK2cwSS6MFynadN1Tdsxb5bj27N-2BgRqMA3p8n7CY-2FcEPq-2Fdbj6FVHoTav-2B936jlNRT=
MTyoXaebM7QLVVh09wtwAT9ZvWzGi2W4tLPOAhXie-2Fkn6Z0b0micOqQrZkZsF28UX7ke2EAaR=
u50GtH9Ze7tGGoMnLCIVH6I-2BHfbKX8eYOG0EfjSwkmYqwGpi8xZ9LHE-3D" style=3D"font=
-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Oaktree=
 Power Opportunities Fund IV </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=
swouzWM7LmEP5MDNgwv2xIVYRrtx5QVPrsyiCD9mOem6z532g-3D-3Ds60B_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Na=
p2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q=
4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2F=
BuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTdbGZK5QooSOsJ66bxNDk=
3-2BMK0HX8fmOE3ZHxy3GP-2BJbMGnfvFKoKQtBE9za1LPgRhsphyFFgx2GWaRDFEhxPprkC5DY=
wpM0rMCjxMmbg52-2BNaRXiEwAJeCm-2BxrW1i67X0j6p6-2FMMvCMxN1-2FOPTGsw-2F-2B3PE=
LgEmpf0DV-2BZqz-2Fs1dNmV8ZIVsWOl15mLmHHaxMbvCtWLxTw8jNPEoTudLDqis4-2BBrVe7Z=
gm5hwhZYLe9wwxVp9ZNY84izPVcGUO5-2B9meUt44iVBbung1HdpX8YvI-3D" style=3D"font=
-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Gridiro=
n Capital 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-2BaqM7ONnvsnswouzWM7LmEP5MDNgwv2xIVYRrtP3G7sA=
gmZHM3m3hvqgrnNQ-3D-3DLR7Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8m=
cuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJI=
SEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9Bckqmb=
Bkt1rBarz-2Fgo01IFepVTdbGZK5QooSOsJ66bxNDk3-2BqLeZh03L8thXO1kj6K8rO0LmgMPeG=
ibJLc7v-2FSOXfRulHMOuFvIvqacfBV4igYwgkrQ3YPirLAuuji1WEPW4H-2BuC7kdI4v6phJ7H=
TusQIYO9uD8hq5T2JVkpmrdeM81Sis6MHz-2BFcZfI9M9eD6HUVcUpM-2F8Hc6-2FTookCfRBZG=
-2BWq3B3Ax4Y0W84d-2FzEP619Uz-2F3R4Xjs7DExDOGMng3HWUBJDS5dmM9C89WB1OOaQbkKjc=
zTlNSHVKrKRF7DjYrE-3D" style=3D"font-family: Roboto, Arial, sans-serif; col=
or: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" univers=
al=3D"true">98 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-2BaqM7ONnvsnswouzWM7LmEP=
5MDNgwv2xIVYRrtHG85hTjvVA8Decdb0m8Ovg-3D-3DfFqy_Pr966knuaHmaw6c7pKvB-2BCEiD=
nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyj=
kEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59M=
TGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17H=
XauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTdbGZK5QooSOsJ66bxNDk3-2FIU7AHXiN=
FQtg0rK4CEK4zK59aBTaS8QSNp3zCKLe18qpg4rlK-2FFkoy6wgn0lzC5xkw8g1K37wrljeLKJo=
JLJAFLfMQbEYVwj5HmtN1WIqvxViWCu5qYsusAUfmlD6zFHsO5pjZi-2F-2BU8x2mP-2Fw7gszL=
AhBUMYRJFepJ7-2BScARyxRwdWJfht19ii1gMUFNP-2FOnS4CFLmHeeLYJ-2FI4IfzJbi-2FBFN=
jQygq8tf4K9uEUoVLIvtD4UD-2F0X6PRY3NGFTvIg-3D" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
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                              </tbody>
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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>
                      </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-2BaqM7ONnvsnswouzWvo-2Bb4Fsdp-2FuKoWM45YFKuQT92-2B45yKG5OWg9nw5VyNA-3D=
-3Di35C_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV=
RxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-=
2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntz=
ky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFe=
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9v-2FsrLyNBCxYfcFvOSsPh4i-2BQN8mzEx3FQPz6J6nFjrRH-2BmUet92TN6nOjVPcjEC-2BWa=
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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;=
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                     <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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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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                    <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%;">
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                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Beijin=
g-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvo-2Bb4Fsdp-2FuKoWM45Y=
FKuvkisB72alAspYGypKhOCLQ-3D-3D24lS_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXK=
DusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDO=
QBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKX=
lw9BckqmbBkt1rBarz-2Fgo01IFepVTdbGZK5QooSOsJ66bxNDk3-2BTTd7M4xF0Qtzl3uWN32Z=
uzBuz9fbhTeVY7XVBkZQBjUB3J2oVptqapliiiF1uAiouMHmjw7TqWGDdE3GDg4vrTA9BBIHjST=
E4qnF1fnaV-2FrNPBGD5n8xudoekYNKy5lPY2rT3mW-2BsbeJzAApr3Xf6tDy1R8u-2FEw7MVJ-=
2BI1-2FeAOJYRkMzOvSinBUEirPxkiA1xNkk59bAA2abiSwSf7GxKSPsTLxpf8egc92gDWyGEWz=
-2BUx6XbakmCgSL8wlICeDU-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">ShengShu</a></b>, an AI video startup, raised $293 million in new=
 funding led by <b>Alibaba</b>.<br><br><b><a href=3D"https://url6380.news.p=
itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs=
nswouzWvo-2Bb4Fsdp-2FuKoWM45YFKubNraethR75GxZLCXJRMugA-3D-3Dzn-z_Pr966knuaH=
maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9=
O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk=
-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCC=
zJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTdbGZK5QooSOsJ66=
bxNDk3-2Bv6eVPd35VCHhOZLJa-2F-2BNjWvnIOqJ5AMqG1WpgwHianhKnZhHGSFdsngiZzj-2F=
aN0Zhlnk0JeKFHSTQyYHqqWPIzWGyNnIfIKjZkXqYXBvQU0lwNhV7Ee7bWO4LD4JhCYIPVFyo0o=
7YFE3-2BLpmMS2PU9BMzNBCmh1Sq6KWcSEzl0AIxM-2BCfsxzEph1Qwd-2BTS27-2FSgYsZYqcb=
aOhoM7CVpVFv1PL-2F6UEYGQeuMh-2BqncvBKjqrS6jpZamaHHuqMxL6kQ-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Elorian</a></b>, a developer of =
AI visual reasoning models, secured a $55 million seed round at a $300 mill=
ion valuation led by <b>Striker Venture Partners</b>, <b>Menlo Ventures</b>=
, <b>Altimeter Capital</b> and <b>Nvidia</b>.<br><br><b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzWvo-2Bb4Fsdp-2FuKoWM45YFKuv8Yo52ge1E8beBhPnxhrOA-3D-3DC=
EPa_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZb=
gKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSz=
gVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1p=
JxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTd=
bGZK5QooSOsJ66bxNDk39OAmZl2evyw9OIk7MV6n6v5hwebnybMkVzyjdKrzB0crnaAULfNTMWB=
809mta-2B0uXvNN8xg0Sg6rc6z907kOKTR21G2ol28zSGr53OXoc8xqGg9AzxZCIGkdHOY-2FnQ=
mFTshKAJ5K2NkVqlH56opDjzReGkDUUZFnp4vnHylYfCYXNRrKW8KGNpeKL-2FMzX2qe5Z-2BpN=
-2BI45pZuVkcRt1Zl9I9P1XRImQvEP2PEaEmuKAGL4LRRuUoT7qS4LkJRo18II-3D" style=3D=
"color: #1D5080;" test=3D"" universal=3D"true">Vivatides Therapeutics</a></=
b>, a biotech startup developing RNA-targeting therapeutics, raised a $54 m=
illion Series A led by <b>Qiming Venture Partners</b> and an undisclosed in=
dustry fund.<br><br>
                               San Diego-based <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzWvo-2Bb4Fsdp-2FuKoWM45YFKuK86HMwedrhmFZ16t5tldeA-3D-3Dn_c4_Pr=
966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLB=
ZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBR=
aeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2=
BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTXYOS5WF=
kseMJcCNWlE5rMwaXlWOuw-2FwSznxt1NTaVupBdsS2Bni9ZQdGGe1CzcXOcqRIOoerJZgqG0-2=
FVrUZ7DTIECbG9Xcmy7F02Uw-2BuQJexPhVmuRaOZezm6jyn4Hphc4zHdNXKoBQFKHWR3siFUJW=
066nOJHU0uatFtVt5bPtNJduShKhARICd67XLINJGtmoAYA13myoQZet9Of6L0fsAxYdkav1XQk=
cBq8MB9Rm861PCzbnsIJj0V7VrP6dA-2BWJah6NOlw3l3Rgi8Zd780-3D" style=3D"color: =
#1D5080;" test=3D"" universal=3D"true">Juno</a></b>, developer of an AI tax=
 automation platform, received a $12 million seed round led by <b>Bonfire V=
entures</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvo-2Bb4Fsdp-=
2FuKoWM45YFKuVbe0dMRQqbXDhtAMhLv-2B0A-3D-3DvnzB_Pr966knuaHmaw6c7pKvB-2BCEiD=
nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyj=
kEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59M=
TGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17H=
XauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTXYOS5WFkseMJcCNWlE5rMyYsJ9jA7eVq=
Ds-2FPQG4DRuFgxBc5DlJKPdOdiAEbZzQ4fEfV1T7IoUZKGNIZGLFQQQ51vHefDFlnkY7zESp3h=
mNt2eEm1GfdR4YlrhGwXnYxH6H1ZfdOwqJt2tL2JjPVaKfLrHBFxPTuXVJsa-2BSWe9J6B3Oq2-=
2F9fjqSjOcQC6muYQ9w5Nwdy88v7hFBB7DlPpWtUjMbDSS0CB10aewA-2FSulYTMZSVsmrplgHl=
le4kAvGfQQyPI59xxaPAHRgb8B8qQ-3D" style=3D"color: #1D5080;" test=3D"" unive=
rsal=3D"true">TeiaCare</a></b>, an Italian provider of AI-based technology =
for long-term care facilities, raised =E2=82=AC7 million in a round led by =
<b>P101</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>Bai=
n Capital</b> is reportedly in talks to invest roughly $381 million for a s=
take in independent broker-dealer <b><a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zWvo-2Bb4Fsdp-2FuKoWM45YFKu0megx7w8O5wRC30o23ulJQ-3D-3DGBie_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Na=
p2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q=
4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2F=
BuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTXYOS5WFkseMJcCNWlE5r=
Mw3PNIKOOYyDn-2Flo2InMnKCteR2cp3Y0YqRmW90i5H4QUgkaWugjYqZeIoahCPOxFQqPpa0mx=
a2M2WJZhbq58AuBa6wU-2Bt5oCkSSVo1uNXDfzxa-2FjpyP6Ck2mJ1VzsVnwQMdIIqlLPwQ3LeG=
6-2B-2BNJsqjkh-2Bj9EM6MKJp4UiT72x-2Bs0rstJk9O5rIzizpiypZ39y7rHDfl71RPJHUxbJ=
VRV3Sgu13daW9Itwc-2BxEpKedYUFjq-2BJMAwvyIFAmw-2Btw82c-3D" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Osaic</a></b> as part of a deal that =
would value the company at more than $10 billion. Citywire reported the tal=
ks include a $2.9 billion continuation vehicle for Osaic's largest investor=
, <b>Reverence Capital Partners</b>, with <b>Ares Management</b> lined up a=
s lead investor in the continuation fund.<br><br><b>Avista Healthcare Partn=
ers</b> acquired <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWvo-2Bb4Fsdp-2Fu=
KoWM45YFKuOlVdxyphlHF3CoyL1s-2BbFw-3D-3DpGS__Pr966knuaHmaw6c7pKvB-2BCEiDnj5=
UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEa=
HoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGP=
mOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXau=
vLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTXYOS5WFkseMJcCNWlE5rMzYozWbL-2FJ5ff=
ZGno-2Fk-2FR9vvns-2B9cRtyRcDpaAcUAhZrde4T95hTTeyCc3l6u-2BAlnI87-2BOSiYqojZr=
T-2BZy3c37RCDVnoD5CvugJnuyMyORFWJV-2BLnXtXldZcL7TSKpozXibEkVi4-2FuZCsBI3b7o=
7FZVbPSlG7iFcsisrUEX2RQK9Sx3jbhXIAHwmKnNoIAXlLqkwTxEO6omlp33q4ZQ8zvHO2HfA9-=
2B6PklfUEhU0Jw4uljI5-2Bm3E-2FHb-2FvoQOPhwHaE-3D" style=3D"color: #1D5080;" =
test=3D"" universal=3D"true">Bentec Medical</a></b>, a California-based mak=
er of silicone medical device components, from <b>Greyrock</b> and <b>Hermi=
tage Equity Partners</b>.<br><br><b>Blackstone</b> bought a significant min=
ority stake in Denver-based hyperscaler data center developer <b><a href=3D=
"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7=
SpSWIrf6GFa-2BaqM7ONnvsnswouzWvo-2Bb4Fsdp-2FuKoWM45YFKuZYRv0dltfHFeCXO6PhKG=
GA-3D-3DP45K_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY=
A68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5C=
LIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SV=
V2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo=
01IFepVTXYOS5WFkseMJcCNWlE5rMwWIFJBjqWoKU29sJ3KAfEcarAsAbd8OP8xWnvlREwFfDX5=
yA8ZDR-2Fr8wbYv4UtX5Uqwbebkp7VXqp0PZS77ZWB-2FQ-2ByjEXjDkrn503bjiU4FTtepYVFU=
BlpIWDeG8AQJL2V2Mc-2Fq3tCS7M4tjL01qgOYxa-2BLmYzVbWLLB0HGEOQM-2BxgJvfNljst1U=
xETMbpJkrsTjCLONvXo7Jz0YlHwka6X-2FHsPO82HHDDQaIkIdiTjRiaVwVKvcdvEla3-2F-2Bx=
Soe0-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Rowan Digit=
al Infrastructure</a></b>.<br><br><b><a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zWvo-2Bb4Fsdp-2FuKoWM45YFKupptWRjVz6fmNnp00IoOXLg-3D-3DP8M7_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Na=
p2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q=
4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2F=
BuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTXYOS5WFkseMJcCNWlE5r=
My7-2BvYiE9DwtZBBI9mEbpJzBsW0UibGEHNv9-2Ffdhrvjx7tdry-2Fu2IwzFPjxpNQlz-2F1Z=
BLVBxSTzXICN5CEIE1uRhjHmEBKvW40JZGFVafhxVXMHten5vZuaBqy6f9lTeKCJKll2zKfbNuQ=
WzSpWrrs4fpcH4zkspvp6MVrPkB5fI9Iz4-2BTLA-2FEdlYbJe8fiWTDx8U-2FFUqBXZ6jIbyQl=
DqCqABe-2BbhPl47Oj0-2FeRK4KtwXY-2B0qvqyqlaGIKPT8lMTr4-3D" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Kuwait Petroleum</a></b> attracted in=
terest from firms including <b>GIP</b>, <b>Brookfield</b> and <b>KKR</b> fo=
r a $7 billion stake in its pipeline network, Bloomberg reported.<br><br><b=
>Bregal Sagemount</b> invested in <b><a href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zUBSqY3NMFOmGzX-2BtDRYhh5dp2zohzpjxu32CFqIsFg6w-3D-3DQXRB_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2=
XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4j=
vVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBu=
Oe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTXYOS5WFkseMJcCNWlE5rMz=
U8JnbBqNv9jinYnIe58PzpZMyAZ0GqOG0HWPoPB-2B8L2iO-2FREcghK4z98oxFoOdKl3DusalU=
WWFVdziWDapglbmh4kF7c9ayHsyqgrfnQeOGW38qLJKojpzX9wBNnWQJjRe3De6hVHi9L-2BxRY=
M18ZANfpdIp24xMkx9tXTd-2BZQVUXbFjlgv0jZQ8f7MJ4x57MRxZzE0zKUTAMql89VWRepn6kh=
PP9inoAKHmgU7IDETJyWYMxYqsdA1hFVMwxAUtg-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Redgate Software</a></b>, a UK-based provider of d=
atabase development and management software.</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"><b>Fra=
ncisco Partners</b> is looking for a buyer for <b><a href=3D"https://url638=
0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba=
qM7ONnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh5qwkLwDFXtOkYjQdgSfSVrQ-3D-3DaRpL_Pr96=
6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL=
6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRae=
IzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2Bf=
PJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTXYOS5WFks=
eMJcCNWlE5rMzKw7bOxbv-2FqP1ZtRYPHW1Q7XOgPeg62uYpQfXFr9voFuFC05X-2FxYgLcpVkH=
7Wzr4TEotKuHuYkEOAKaRW1IqIHIc86J-2BwIhYJCEWYuejJBGmHtqMa1m8qWd7TdfQQnSzcupH=
XLmU8iT3AoM9zY6AAxJgFUi-2B1v1VGjco8XqFJNUVqg6QEx-2Fd-2BVXrI4lizf4TQ4MZHoxlk=
k-2FEeyqjKDbSaNdT0ifJaPQQAq2wXt0IKGNxVf6vJ6jRsp3vkqhUARTII-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">MyFitnessPal</a></b> in a deal t=
hat could fetch up to $1 billion, Reuters reported. The PE firm bought the =
health tracking app maker in 2020 from <b>Under Armour</b> for $345 million=
.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh=
56wzUNZEZO-2BA-2BTxtMeO-2FiHw-3D-3D0_Qp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrg=
ntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2=
BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq=
3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTXYOS5WFkseMJcCNWlE5rMyGgEYBeXsc-2B-2F2s5=
PPX-2Bwzdra-2FImG7im00rxOZGDkGv-2BCXzCMOmaIb8mCUv8LU3mtPE9tvORDqRcRHrA0xQtp=
C78RexrNbvuBKLl4eFe-2Bb7XWYvt66fBdykjKyrpPTOxU3FvJXnH0KWoeKIqmyVrB58d9nQEHc=
jvHVTe5iRDDdfTVFCaKJDJMHgTsjfRK-2BUV3EWh45GAdC99k1Qu-2B-2B5gkfU1AREChbgZkkJ=
-2Fsvjb-2FAuBEvfToUKc-2F3AAhujawtLHWs-3D" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Galileo</a></b>, a startup that helps businesses eval=
uate and observe AI model performance, has been acquired by <b>Cisco</b>.<b=
r><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du=
001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh5IzL=
VEIHqcpqyCY3ramhOMg-3D-3DC0qs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR=
4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1l=
u8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2=
BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9Bck=
qmbBkt1rBarz-2Fgo01IFepVTXYOS5WFkseMJcCNWlE5rMwNwODrRxxVd6ZwYkJlYRoO76WCV9G=
0pvlhCsUdUmE2txwKPArDvUI0I4Qbfs3RtW8KzGvZfkM73V2mhdcK9jBrTSd8XIqDYCV6UNiedy=
ekerPG5bUw63c-2FRaf5xqskHYn4HT32ZWfKpkuTZ2ZuIC9-2BJMnGl3tlC7oT3R-2BvW-2FvvH=
xeJKuoPHa-2BGlYxvKJkDumpp1UiQtmpdt6529G9kskfPb3E2e5IkuER6yxnaHnHJ6pJlQH2hxl=
ch6Z-2BJqi-2BTcnw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true=
">Cocoon</a></b>, a leave-management specialist for the human resources ind=
ustry, has agreed to be acquired by <b>TriNet</b>.<br><br>
                               Agentic workflow automation startup <b><a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh5AK4QvdMhxvhT0g3St=
ZKzow-3D-3DL-pd_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9=
O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK=
5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2=
Fgo01IFepVTTVU1Gxuz0QyMEE1oPB2IFTSOtWHrLKXH0DUP3sQxRbxUL9jfVVR-2BLfnJC-2F3y=
SKcGlbFDu4Co4XXypOt4df153s-2FV585x3wzbvJoaXx9bWIlAOADRWrupsc-2F5RBUQdEwdhMl=
ymZVG1cHlkprfdoUYcb4HR9f6fdHwnXefixrqIx5EO5noyJ1naLoInc9C-2FFS44ek-2B-2F1uw=
Sg4nqqueuVCBsGKLfPnSkH4BS9rImfg8eSNUBIJcvUjJw1i2NxzCdjjdDUXxLzYW-2BbVA-2FRy=
RPYbfDc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Loam</a>=
</b> is being bought by <b>Self Labs</b>.<br><br>
                               AI startups <b><a href=3D"https://url6380.ne=
ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O=
NnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh5h2wsc9NXixAHfQqWhfg9-2FA-3D-3DTZlP_Pr966k=
nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t=
93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIz=
DBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJ=
tHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTTVU1Gxuz0Qy=
MEE1oPB2IFRuXn4T1t6wd0bOCJdbm5wUIKvEkx-2FfNszdyDc2TabzApknL43YRG-2FH-2F-2Fx=
kgNQKZanOE3mZ6O3ODdzCDVoL0xHbBe0IxAXUSSluE0lHXXvcuU-2BcA8Lkq4tZoDh8jeaSEMJq=
BQqwnRHP6xnsbpPtI0Qj1cyDK47vLWra4l4Y0DhubVm7Nd0hiyMQLQRQtm6OVDKnIZ2xHrBL7PY=
V-2F8pHj47uya2-2BMmM7DnUNAL8yRS9L1hCcFWW6KsvwFIQvHD3Hg-2FA-3D" style=3D"col=
or: #1D5080;" test=3D"" universal=3D"true">Aleph Alpha</a></b> of Germany a=
nd <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh5mlVtb4=
7ZfbLaFfEjbyr1nA-3D-3DBYZA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8m=
cuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJI=
SEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9Bckqmb=
Bkt1rBarz-2Fgo01IFepVTTVU1Gxuz0QyMEE1oPB2IFSjw55GpmiBTh-2Fxs5yJOeaGit2bxc-2=
FOo7pWK4l6V23G7vra17lw6YcMCDaIgeDq1tF71tRtFJejUpftNNF31CMl88Eu1pWHfAjTjcsNC=
8kQGhti0dj6AOXVBh1z5lcKxnPiF98s8kcRlc770QnU6hGTTyGD7ttCBodWWM95saR0V-2BfKkB=
7GBBJFD8MHCWxHO8korVDj-2FmVZUocI-2FxnjPVI6Me9t05aTRDkn-2FRVo4qz-2Bt94RuxFO0=
RpJoOqaDlFif4Q-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">C=
ohere</a></b> of Canada are in merger talks, Handelsblatt reported.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Nor=
d Holding</b> closed a single-asset continuation vehicle for German fitness=
 platform <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh=
5crNmJhcwydeLuscjez6Ieg-3D-3Dtdcx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-=
2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDu=
sU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQB=
q7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw=
9BckqmbBkt1rBarz-2Fgo01IFepVTTVU1Gxuz0QyMEE1oPB2IFS12WQN4cPYs-2BdDoLnhXOSDk=
nwWjgfTQ0lhl1WQYV0eVL66gHi-2F9CESX-2FYc7qK2QHifoJW0W1McQzVGntiyOTNfP5GYIZH1=
Z7YmEnssB39vIXxbOj-2Fgr2xBb2Q-2BuvP4fzA5TVLWV7DvhEkD5jN9pcSdATDWpF7bMXaTDGz=
5xnW7BpK9-2FeuGtg0WBu3Q1zWMIt4095SjMp65JGZz2qtmJ909B-2B5Up8d6iY18-2Bi43opRP=
eHoEmVfnvgk3FCGCLJatDjA-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">All-Inclusive Fitness Group</a></b> at an enterprise value of =E2=
=82=AC500 million.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUBSqY3N=
MFOmGzX-2BtDRYhh5fz0RyE5Te79W33mi16wbhg-3D-3DXNbp_Pr966knuaHmaw6c7pKvB-2BCE=
iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXV=
yjkEaHoRrgntXKDusU1lu8mcuMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH5=
9MTGPmOb-2BEDOQBq7-2BJISEgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe1=
7HXauvLhEq3GKXlw9BckqmbBkt1rBarz-2Fgo01IFepVTTVU1Gxuz0QyMEE1oPB2IFRFiYW3YaE=
YxJHJfsifoajK6DJY1sWUZh4oWiu-2BFRDBRAyhTp2raI0Uf-2FlKv7Ir0lnMmxtI8gIlPEGR77=
NbY7OftcshVDBG1z3GT9RnKSLZ799sdQAPN7PM-2Bzoi1q5xhWFnua2Kd21EmnAH7dTxGTkrHbj=
Z7t5ttKMUe0fRlCGwH0bHcVzMGK1u-2B0-2BdKb0-2BCCdrji-2FTPBJkx9PsIVWpDUMqtD-2Bp=
hWK-2B-2FVEa3ZlOh001JgRLPmcWYEAAU3w4WKa4cIM-3D" style=3D"color: #1D5080;" t=
est=3D"" universal=3D"true">Accent Equity</a></b> closed its first multi-as=
set continuation fund on nearly $161.4 million.</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 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-top" cellpaddin=
g=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table lang=3D"x-image" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" align=3D"center">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table cellpadding=3D"0" cellspacing=3D"0" bo=
rder=3D"0" align=3D"center" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td style=3D"text-align: center" align=3D"cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh5BVXc8xN=
aMcehzHK0mO3lXg-3D-3DYsKF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mc=
uMh6k9HOm9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJIS=
EgZl3UgXJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbB=
kt1rBarz-2Fgo01IFepVTTVU1Gxuz0QyMEE1oPB2IFTB0XgUcpQ6XH5LSO7so-2FCQ3uEgZfaJ8=
zz-2F-2B27xISlH-2B3SsJeXDbCYV3xIKMgok1AwUZVAuXtYOeZlYZvswnoZ1IWfbhiNgzgK6kl=
E6zHtZ-2F8Hx-2BoIqs9TRJyAsRikk6MsJmbgecQLqgCa4Bh-2Bquq-2FgxSDWfzmhEXpWjYndr=
J-2BDzAdu5YTiYD48cHof8PQvuoyThfUJk9Bt-2FVgNPSfT1IUWpaluROjDzkZ55-2BImqBG5Za=
hQi1eH0eXp3rJFEbtErlo-3D" universal=3D"true">  <img src=3D"https://img.pitc=
hbook.com/news/73724.png" align=3D"center" alt=3D"" style=3D"border: none; =
width: 100%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table 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;">Direct lending funds =
are stepping back from the software sector, creating an opening for more op=
portunistic lenders looking to drive a harder bargain, according to several=
 bankers and advisers in the market. <br><br>
                               Source: <b><a test style=3D"color: #1D5080;"=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUBSqY3NMFOmGzX-2BtDRYhh5BVXc8xNaMcehzH=
K0mO3lXg-3D-3D0aLt_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM=
cVf8UYA68NVRxZbgKApLBZL6t93o9O79Nap2XxqyYmXVyjkEaHoRrgntXKDusU1lu8mcuMh6k9H=
Om9O5CLIOP-2FSzgVAJBRaeIzDBfk-2B5q4jvVQqbPH59MTGPmOb-2BEDOQBq7-2BJISEgZl3Ug=
XJK5SVV2ntzky1pJxcS-2BfPJtHCCzJ-2FBuOe6TjDe17HXauvLhEq3GKXlw9BckqmbBkt1rBar=
z-2Fgo01IFepVTTVU1Gxuz0QyMEE1oPB2IFT2mw-2FwgWGxmiaCpF2joTui-2FtNSpzAVfoS9R4=
P-2FU2hMZgXeKO12169mjLldqa4WeoagAb5N7BWHQAxlWbmZT48vsW4T6XhVy6fiSQ614Gmqq01=
tnNlY483wenw-2BQifNQumHc637WbdXMOeE3f8E7LchghJ3P9DqANp0yLlCbSvnAuTg0G-2BL-2=
FM7sDZyBYT9-2B-2Bsm-2F6O2ymgvyE9GKkZtAL-2BeLnviEO9FiERLhVBNIHPmP0sruPPKfSGe=
muMCCoEcfqwg-3D" universal=3D"true">Vanilla credit funds are pulling back o=
n software</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%;">
               <tbody>
                <tr>
                 <td>
                  <table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
=3D"0" cellspacing=3D"0" border=3D"0">
                   <tbody>
                    <tr>
                     <td align=3D"right">
                      <table class=3D"desktop-only" cellspacing=3D"0" cellp=
adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0;"></td>
                        </tr>
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