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The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters Carlyle CEO: Don't sleep on wartime risk; PE execs flee to credit, secondaries; a history of pension fund misconduct April 15, 2026 | Read online | Manage your subscription The Daily Pitch PE, VC and [...] Content analysis details: (0.5 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- -2.5 RCVD_IN_HOSTKARMA_W RBL: Sender listed in HOSTKARMA-WHITE [159.183.175.69 listed in hostkarma.junkemailfilter.com] 0.0 RCVD_IN_VALIDITY_SAFE_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to Validity was blocked. See https://knowledge.validity.com/hc/en-us/articles/20961730681243 for more information. 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[159.183.175.69 listed in bl.score.senderscore.com] -0.0 SPF_PASS SPF: sender matches SPF record -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid 2.5 RCVD_IN_MSPIKE_L3 RBL: Low reputation (-3) [159.183.175.69 listed in bl.mailspike.net] 0.0 HTML_MESSAGE BODY: HTML included in message 0.1 MIME_HTML_ONLY BODY: Message only has text/html MIME parts 0.5 KAM_REALLYHUGEIMGSRC RAW: Spam with image tags with ridiculously huge http urls 0.0 RCVD_IN_MSPIKE_BL Mailspike blocklisted 0.0 LOTS_OF_MONEY Huge... sums of money X-Spam-Flag: NO <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www= .w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso= ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office"> <head> <meta http-equiv=3D"Content-Type" content=3D"text/html; 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} .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> Carlyl= e CEO: Don't sleep on wartime risk; PE execs flee to credit, secondaries; a= history of pension fund misconduct </span></td> </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; 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paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">April 15, 2026 &n= bsp; | <a href=3D"https://url6380.news.pitchbook.com/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVgMPzcHtnzw= 9qgL-2FpqwUS2crR1HrT-2BxDPGWJUT3LEVyA-3D-3D62G6_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FA= prSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRK= vh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEv= dg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOuKtlACUb9umWoPmWcmWVPvD66B= e0JwhxppoO8Y1x1Q64HhBZkNw91mwtVJxQxBma5JMPJ7X3pU2oFVamnF3xRKSaJwy7xW9x6kT-2= Bi4AxNLNBCmzal7AU4mqqclPdPUYfJb7OicOYSc0WwXX2IfdgmrfMIAhQ3wvovg1vxFIcPgaqCN= Z1YgeiTlXF2Nv7gs-2FQEhR7ufGjhGXHPKcv0Bhq279KJqFnfqm2JBiRVmKFp1O-2B6HWPJ2aZy= DybTkb8Wh6-2FQ9aIy-2Bijb7-2B1JZB1Gb6a3o-3D" target=3D"_blank" style=3D"text= -decoration: underline; 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text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVgMPzcHtnzw9qgL-2FpqwUS25C-2FNlQCDY9D4Pi9t6w0R= zQ-3D-3D4bzA_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY= A68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj= 0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B= 53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3aj= VIX0ql-2BN-2BOpd2vvwhJHBUvL-2F5PSqjc-2FqWSa7AzYRktY8TAaZpBvP9V6ja6qZRXF9IFB= Lq3OyGanBnyQkMjnK-2FT5rBk7blTIzOSJkttF7q8GAZKnHwocaFhzHbJKfsNOhx8olCINeKa-2= BWkkOloC1w0Efa4c39h9YcpBj1-2BCRhegXk5d1w8CDfJPA-2FLdXeGYVHlkBJjr-2BiuXBUw-2= Br-2FD5UXGoXf-2Fwho3GB3Op-2B8jzaIyomIJ3vw5sXUzeKjMZD8XDpnOf9mmfTHRy0Akq5tz-= 2BOu6igwT7-2Bzd0c0-3D" target=3D"_blank"> <img width=3D'1' height=3D'1' opa= city: 0; style=3D'display:none !important; mso-hide: all;' src=3D'https://m= y.pitchbook.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJQ6VU= BAECQE7XY5D5PSLQI&emailId=3D3DFVAXH7F4XP5HQ&emailName=3D3D6H3WX3QH7CXEMMMBQ= SMFL245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEVU3EP= I6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.news.pitch= book.com/wf/open?upn=3Du001.3gwe9GsF-2BTAFq5zC5EhFQ2a8abB1qTlMwYRLNzMolGjSm= CPqRZuyzb5tQBOnSwcKpUN6kWn9bFnOoakehnIdq5W-2FZzf0eufY0WBW2COgMMBLWGeSvzgkyQ= OOJFJkwx9sgHtvqUeSTTlZTDJ7SFOk-2FIkt6nv0FBPHaXBbaBQyrL4NuiCa0lGBgR8C1AM5M4t= 06aNAT08OkviCuvCAXlnmuc72xkcNqbLz7TdVPgM-2FKbrkQSM-2FR7UGHUVS6QCwkbbmL0KghQ= 5iJaq50B3-2F1p7tIXgVTtxBfTleyUGkJL2IKCX0i7-2FMFFwmg-2FJIGwoLtge0OKbA-2Bn2fM= FCxbkN7UlNrADY8Kq87fEw0Kkn5vJmLnvhvPL30TzQfAp-2FZGnUlOxa2FgBKYq-2BZMuqVOiNW= 7cKngA-2FCM3RXbIU8FiVpmvGwHXh6tDox7xHKT8B5h2Gd2HSh-2Bfw-2FQuCEhKqqkyTee1EOa= g5uZpmiHwkVL3ILhYugm4pZ-2BUfOi6W4sIfhbWW6YFUR4i34Afk233Jy2dGy5hdmDcBE025lKX= h24AfoxtHXj34-3D" alt=3D"" width=3D"1" height=3D"1" border=3D"0" style=3D"h= eight:1px !important;width:1px !important;border-width:0 !important;margin-= top:0 !important;margin-bottom:0 !important;margin-right:0 !important;margi= n-left:0 !important;padding-top:0 !important;padding-bottom:0 !important;pa= dding-right:0 !important;padding-left:0 !important;"/><img width=3D"141" he= ight=3D"39" src=3D"https://fonts.pitchbook.com/newsletter/pitchbook_morning= star_logo.png" alt=3D"PitchBook"> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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margin: 0px; border: 0px; displa= y: block; width: 100%; height: auto;"></a></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">=F0=9F= =93=88 <b>New heights for VC deals.</b> Our latest PitchBook-NVCA Venture M= onitor, sponsored by J.P. Morgan, Dentons and EisnerAmper, just dropped. <a= href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br= X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVgMPzcHtnzw9qgL-2FpqwUS26-2BOqOB240-2F= BeYJzJiyIwXg-3D-3D-OeC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4= 3kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6j= APT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAg= s0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr2= 2nSpQLI3ajVIX0ql-2BN-2BOn4g-2F65I9XR-2F3fTp87Lxrq9ytCeQQIF1zPqPT9VU9wLtWver= sbK1l-2B63MIIeoqqhXQ-2BiGzRAeJ-2BMxSmiI-2FWhdohcw8K1IgP4caARDt537WHJM71v8y6= UO-2B-2BpnJLONDpu66kXNd63SNvOSMD9sXysbax502D9ACx0ieHEQABaVNtt15b6YOTqjpJy-2= F8SquHODaU1b-2FqFnfu0zE82Rb7wX-2BXZIBjcs-2BgxLR2dkXKdypVIJkiuNXptHLvr7drnbB= x6bqajmMnMPsA5fTPauykN6kjs-3D" style=3D"color: #1D5080;" test=3D"" universa= l=3D"true"><b>Read it in full</b></a><br><br> =E2=80=A2 Was this newsletter forwarded to y= ou? <b><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVgMPzcHtnzw9qgL-2FpqwUS2L-2FUwubU= BsgX6xPEmb-2Fh-2FfQ-3D-3Dbu2I_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXP= ZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6= fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2= FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOrv51MboGsLvMSb6E1-2B4h-2BN-2B5mPpDOumexJsbzi= 6g2-2BaJnt-2BCf-2BmDo57JLLu0cdGJQ-2Bi7JG1CTyHdkql2u3LPhixthKW6REdXQ0RQZC7Oi= dV1RtHRfYahgNhm3Zr4FTpm65UaK27-2BXLxcJ-2BlM7Z1OQKa9Jbh94gsaL7ZcViK5df-2B6er= rU1n-2BYf0piS8HQ4QuNWrA-2BFo3PAysYgIwccuQvnwPY3ZWm7Rl6-2B1PXEVL7G29-2BcHMQq= 3OyZSAeQ-2BN-2BpCn8pMoQcAnlqJ8uwLTwOAoPvM-3D" style=3D"color: #1D5080;" tes= t=3D"">Sign up here</a></b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </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_579798" id=3D"n_579798" 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;"> VC's 2026 barrels toward recor= d despite non-AI sluggishness </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 = Kyle Stanford, Director of US Venture Research</i><br><br> The US VC market in Q1 continued to show a b= ifurcation that runs deep.<br><br> Deals below $100 million each represented $2= 4.5 billion overall, or around 9% of the quarter's total deal value, accord= ing to our latest <a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVgMPzcHtnzw9qgL-2F= pqwUS26-2BOqOB240-2FBeYJzJiyIwXg-3D-3DFv2n_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw= -2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP= 8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NT= GL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOtq799fZch6zfQrd9UE95e6cKsynTMV8= FgtBOQNno-2FlgYOJVFxAwd2Hre-2BcnEMXiXQFFbiTo0B-2BGYZlpQnp9unA8iNZ4-2FyNYUa-= 2FZIHIkaicoS-2B0sVri0M2aVn3bwZeiRYZnbGJrzoazTI58eCESHoKTMS3L4Y9HX3-2FxgJhNd= 0dUeM1OAan0qvQxj3CX07-2B0lUuxlyTBFr23PCmQ7niriYo9aTX9hGbN8A-2Bjng9f3zxNBG1O= wrGAuEm1RnH5KA46TMUeOVrwVU7pn-2FalsYoS7YT8-3D" style=3D"color: #1D5080;" te= st=3D"" universal=3D"true"><b>PitchBook-NVCA Venture Monitor</b></a>. But t= he five largest transactions raised eight times that amount, making it clea= r that concentration has overtaken diversification.<br><br> The driving force behind much of this shift = is AI, which now accounts for 45% of total US VC market value.<br><br> The fear of missing out on the next Anthropi= c has pushed investors into deals at higher prices on a much faster timelin= e. AI companies are raising rounds more than half a year sooner than their = non-AI counterparts, with valuation step-ups exceeding 2.2x.<br><br> Overall VC dealmaking hit record territory, = but with a big asterisk. OpenAI's $122 billion financing alone is larger th= an the US VC deployed in all but a single quarter in history.<br><br> The total deal value of over $267 billion in= Q1 has already surpassed most annual totals, trailing only 2021 and 2025. = Those marks will likely fall before summer.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVgMPzcHtnzw9qgL-2FpqwUS22xxScoR= Ak8js0IlLFYNQeA-3D-3Dk8Dj_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGL= t6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgvi= PAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdX= xr22nSpQLI3ajVIX0ql-2BN-2BOtHnKEFRRevcmGQ2XEeof1XAkZzVVnqw6C-2F-2B-2F1jjdgA= SJsvb1T-2BJZWvfVtQXybknnppiA6VF76ayhTbL-2BbxJ8QwHWkDNNZ2JnZa2JwbHeGZgROgPUq= -2FAd0Cd1-2FYRPZXPyvIClDws5jOLgkWk6v5tBYpEuPPPHKTWQRJV6uXmIw-2B3dBmRGEi7EpE= zGiIgcXzQGt4CzLzsQ8G62Hw4S-2Fih35DvJFgtH0Z-2FfgKu3RXgtgmsIiDXcXfgQyL0KvRfsr= cpopwECxF0-2BZXWN04cyj6Ap00-3D" universal=3D"true"> <img align=3D"center" a= lt=3D"" src=3D"https://img.pitchbook.com/news/73769.png" style=3D"border: n= one; width: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Zoomin= g back in, the bifurcation is also visible across stages.<br><br> The median Series A valuation reached $62 mi= llion in Q1=E2=80=94nearly triple the $21 million recorded in 2020. Yet, Se= ries A deals for AI startups were completed at a median valuation of $78 mi= llion, while other companies had a median valuation of just $42.4 million. = This trend extends into later funding stages.<br><br> Ultimately, the result is a VC market that's= increasingly defined by velocity at the top and stagnation everywhere else= .<br><br> Capital is abundant for the perceived winner= s=E2=80=94for the rest, the path forward remains uncertain. With liquidity = scarce and firms' own fundraising subdued, the sustainability of current de= almaking dynamics should be a major consideration moving forward.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVgMPzcHtnzw9qgL-2FpqwUS22xxScoRAk8js0IlLFYNQeA-3D-3= DQVUu_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRI= vWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEp= L8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK= 0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-= 2BN-2BOvarLVpf67BLV9LDhaCgXO0b0-2BAwyfmwBfpcmUmKhKhKwwUWomc0XslRYgJSWHrPgwF= yQHZAO7OcoG43pIED9x9ky3jyV5grXQGG0XNZL9BZFGqWNWvKi-2B5kNLhj2C-2F6CSNWtIxDuH= VNlNe5akZHf3AP7Pvkf8aoaCRkn245OPr1oaGb80wmSmB2OPtrKD3xiUkfpg8QAh4V-2BRx2gQa= IL0RdDoA8TUfO4xIi7z1HwLNEs9-2Bhd2cnd-2Bk0iNavr-2BNuVKuGXKT8ig81RR4ee0ty8fY-= 3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-= decoration: none; color: black; padding-left: 3px" target=3D"_blank" univer= sal=3D"true">Download the report<img height=3D"24" src=3D"https://fonts.pit= chbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; mar= gin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVgMPzcHtnzw9qg= L-2FpqwUS2NrWL45RyXsFZoTw86HoVQw-3D-3DRwmL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw= -2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP= 8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NT= GL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOpVRCB09e-2B-2F8cjJ2BGnkJDiX6fwN= IV7Kpw4DGhVtyL-2FqMRq8-2Fztnw3XYSRyhfyO9LDG0lQE2oafKzM-2B0mxbiTxA7IfIh7kcfP= oJ1-2FpGq-2B2Q7LLS-2BqABuCxu0TYn-2BEHvGtUeJ-2B9jQsRvbFzAx6idKp9oRgJAHhBkE0G= Jdw8pHg9mrDrhC1UFYnCpQIdW1DEGfdhqN0Z4WYkxEeFQTH582zagKWDl674jWtDdHW4rK1CE0D= 1fHxiOxPb167yefNWtai6vpa6iqaDJZGBnApB1QPwk-3D" style=3D"color: #1D5080;" te= st=3D"" universal=3D"true">Through the Looking Glass: The Race to Build Ent= erprise AI</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>A deal drought is driving PE executives toward credit and secondarie= s</b>=E2=80=94but returning to buyouts may become less straightforward over= time. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWMDUegA9BP9xvdML-2Br7TgrK0aGM= bCwgKtZzdyemYGeuQ-3D-3DQAO9_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZR= GLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fg= viPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FC= dXxr22nSpQLI3ajVIX0ql-2BN-2BOnPKbmd9koSXaFSOCqEJwpGqVsu0itdhQ4tK0ZwVy9XqVXt= 9wtQ8mJ-2BtiV22JmfWJzXVtaGqnRHiLlpy0ps1p-2FHbjFddHn8QU14RSVdCLOKIIaRLaSAAVl= -2FhPXlAf5wCVhq-2FRl0t08ReaKD9SN-2FzXJtQ53MVBZSHaLPn-2BWOhhd1pau7FrbDuammk5= 5NlKYVC0YAfhL-2BCFchtka41M2cDHkf4Uhftpg-2B7af4ktd8y-2FBp32pCVnQIcteWXye6m0H= Th1IPeBx6OGJFB0EVe40bxJ-2Fo-3D" style=3D"color: #1D5080;" test=3D"" univers= al=3D"true"><b>Read more</b></a><br><br> =E2=80=A2 <b>Pension fund misconduct has a d= eep historical precedent</b>. While the nature of the allegations against t= wo executives at Iowa's largest public pension plan hasn't yet been disclos= ed, the incident ventures into familiar territory. <a href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzWMDUegA9BP9xvdML-2Br7TgrjkCchO86n475k-2F0RNITuTQ-3D-3DzT3G_P= r966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLd= i7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BI= I2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2B= Q7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BO= ieJc2vAhF3-2FA30uO2o-2Fgrw-2Fb2roskCJyYUUVv7Pt2GgAU98ZhyL4-2FyblkOGwhGQQhxf= L2QH-2FhI0sebCOXvPcdm0aI6nr6uExDMwbjh8LO91ApriuVhdhQFpbEkrEkR1hjrZFjO7OPsKZ= oGDfSS-2BOVV0ZIPonMcajenAeu06rIYFWwxhLHVV-2FEmmkKl0vCn0Jd-2BUJoWCT07FALXH9p= DQUwlos06W-2BssRNuEz4CxoGYEypO7COlPXr2ACRsL6orDrEzvojN-2F2v4himZtUU81UKns-3= D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Here's the bac= kground</b></a><br><br> =E2=80=A2 <b>Healthcare surged to displace t= echnology</b> as the sector receiving the largest share of direct lending d= eployment, in a notable shift. <a href=3D"https://url6380.news.pitchbook.co= m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWMDUe= gA9BP9xvdML-2Br7TgrlB-2BK-2BhTYIxtTLJ4QJ2ke2A-3D-3DkeBk_Pr966knuaHmaw6c7pKv= B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-= 2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fH= N40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTq= JFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOlqZvz7PWn4-2BWnuGK= -2FxOZpUkgC7XX9i5L798Y0im98H10M86v7dax535S-2BziJmn9CcxzqJCnWoLklTKoMP2xqLTM= lXjZ1tc9RNsy4alEM5GOLgp085J99Am-2FBBN0dtQXCVJ2m6d-2BKOe0i1Z2ypIbsQ70Ht5YqeI= W2MmFgjAuZUNfZ8bqSGk6KNXsZV1ZUK4AWZ0Q5N7HXHAJX-2Fo8cf5ajuEP4HXseXm821NZMEMb= oTK0qjs-2F7xGQeAHZ6fQ3SJzzoVBihTmLipJH1eE-2BiU0WEE8-3D" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true"><b>Learn more</b></a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579477" id=3D"n_579477" 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;"> Carlyle CEO warns of geopoliti= cal-risk complacency </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWMDUegA9BP9xvdML-2Br7TgrgfAj2NY= QF3Iswg1RNCfgaQ-3D-3DXoV0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGL= t6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgvi= PAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdX= xr22nSpQLI3ajVIX0ql-2BN-2BOvrGah1c6jR75wJZPMqS614UMhRCMhFJTlvGbJ6l6zIulktrd= 6dTZQI7tYShSB9vtJhWtGc7nBKmo-2BHSx7ySFZalkV3gPbLoTkLWCtAWY-2FNYPrdoS5Vtkqi9= n2JZ1PIOK034jLjcGZOFUtr3Ya34gRWvDJuiXk6KOh39VuFMw202WpT2mzw2GV9-2FTSGit7PgR= -2BLivxKfUTfQg6yWfkshvvGbo5K9-2BMCH2EyrGR51A7COUo-2BcTi8gQtdEnS5heobamz7aT7= yDTABQh8J9UtSsS-2B8-3D" universal=3D"true"> <img align=3D"center" alt=3D"" = src=3D"https://img.pitchbook.com/news/73771.jpg" style=3D"border: none; wid= th: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">Harvey Schwartz,= CEO of The Carlyle Group (Alex Wong/Getty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Jessica Hamlin, Senior Funds Columnist</i><br><br> Complacency is causing investors to downplay= the gravity of geopolitical risk in the global economy, according to the c= hief executive officer of The Carlyle Group.<br><br> Speaking on stage at Semafor's World Economy= Summit in Washington, DC, on Tuesday, Harvey Schwartz said that investors = have "gotten accustomed to very unsettling geopolitical events sorting them= selves out," leading many to misprice such risks.<br><br> The collapse of Silicon Valley Bank triggere= d a market reaction seven times as severe as when Russia invaded Ukraine, a= dded Schwartz, who took the helm at the $477 billion investment firm in Feb= ruary 2023, shortly before the demise of the Santa Clara, CA-headquartered = bank.<br><br> Schwartz's comments came amid a day at the f= orum of back-to-back discussions on the impacts of the war in Iran, the clo= sure of the Strait of Hormuz, and the resulting spike in oil and gas prices= worldwide.<br><br> Ken Griffin, CEO of hedge fund Citadel, said= that if the strait stays shut for the next six to 12 months, a recession i= s inevitable.<br><br> "There's no way to avoid that," he said. "We= 'll see a rapid shift towards alternative fuel sources. We'll see wind, we'= ll see nuclear, we'll see solar. We=E2=80=99ll see huge pushes to reduce de= pendencies on fossil fuels, but that's measured in years, not months."<br><= br> George Walker, the CEO of investment managem= ent firm Neuberger Berman, said the US economy can manage with oil at $100 = a barrel through mid-summer.<br><br> "As it progresses into early fall, it starts= to become more problematic as strategic petroleum reserves around the worl= d get depleted," he said.</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> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzWMDUegA9BP9xvdML-2Br7TgrgfAj2NYQF3Iswg1RNCfgaQ-3D-3= DpqJ5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRI= vWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEp= L8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK= 0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-= 2BN-2BOi56nkjChBYkUeOxjesYN6QuPwUBpOetaH049gC0a9emYzgZJ0Nws8e2oJZtoPwqVI9X4= BrypFxvjF6tTelOSkrPUyiH6QmX3kKxE-2BPaJQLL5l9pZwhf-2B9xUS8ygY8Yxs4FsUBW7-2FZ= 2SDVeSdFfh8nCs2zpI6WXMJ4xgX1jxV1asZXi7cEXPEE1u6W85oRPeOyM1Nej6ziGZ7Smdxlg9g= LkFxrjcGNsaUfU2Zs5gJiMMJNnVjNeJmJJWHELjT2GEryDo65JKC2yzSCJd2avxtSs-3D" styl= e=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-decorati= on: none; color: black; padding-left: 3px" target=3D"_blank" universal=3D"t= rue">Read more<img height=3D"24" src=3D"https://fonts.pitchbook.com/newslet= ter/arrow-right.png" style=3D"vertical-align: middle; margin-left: 8px;" wi= dth=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWMDUegA9BP9xvd= ML-2Br7Tgrhaz1RslmHp3YlEaEU5RsAQ-3D-3DyVI9_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uw= lJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw= -2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP= 8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NT= GL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOh1abM7mmhO-2BqAgVAkAfdeFlya3iVv= 11HTo6loFzRIRusXWXh2S4zNcBD-2F3L-2FG1iQmKeSN6ne2I8TYxGBeLloiflLVGq-2BRtiiqn= uqTTKsRgA8t70b8xhXkCD7qmeMAMD6TmIc83XoFH8BauFqiTRBhntCnsH-2BNEEzIq4bKqtG6Qz= CzgPeSRZQIzezJKS76doWWFD1ydX7DtSVL2gsxXTc6vLaP3XjfndQO23ag24aN-2FDteUjdtFKl= Yy-2BepfoQXArmdRgB4jzQ9jCeEhlVpZSmLU-3D" style=3D"color: #1D5080;" test=3D"= " universal=3D"true">Crude Awakening: How High Oil Prices Impact Private Ma= rkets</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>Escape rooms are so last year.<= /b> In Catalonia, companies are sending employees to build human towers, a = centuries-old tradition where you literally climb on your colleagues' shoul= ders while the boss spots from below. [<a href=3D"https://url6380.news.pitc= hbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW= MDUegA9BP9xvdML-2Br7TgrxJ7cDFxf2qlwO-2BX-2BPZRYWw-3D-3DqGos_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3= Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGj= m6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2But= pFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOnDTAEgrBl4QYSP= zHhR6sTb5SewLfLe8jGtqG0QMctXDmg2Wgf7irR8U6tJGgAipiCz-2FCdY4kpAcQ5kaNc8uYqYn= z6i5AtPeP-2F9lQwb638ECsW38IYEOOmQ22aQ74n8YUcL5uPJAs0-2Bykq-2FQbjrVaEllWzJ6v= PEFXge1lekspB5lIXVNb19O-2FsnOmaF-2BCGnaFiniKZ5jKrVCxtJTPoDaDTiA4Qf5SocLxi3F= C20WQpPJP6z6G9d5aMQUJcqPLDjZm2-2FwxtE-2Fe7Grv3sIS3mNXhA-3D" style=3D"color:= #1D5080;" test=3D"">The Wall Street Journal</a>]<br><br> =E2=80=A2 <b>A former Palantir engineer help= ed pass one of America's toughest AI safety laws.</b> Now, Palantir co-foun= der Joe Lonsdale, OpenAI's Greg Brockman and Andreessen Horowitz are spendi= ng millions of dollars to keep Alex Bores out of Congress. [<a href=3D"http= s://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzWMDUegA9BP9xvdML-2Br7TgraqHKyEhyJuTnRUwwcyyQVQ-3D-3DQtR= H_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKx= iLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-= 2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n= -2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-= 2BOkSL-2B4Jz9KS7CmcXgfxR4t934LNIznEvCApmQM9fXyFghulJ-2F6wenmhexReaUyMZZN8SE= ixICwnWaGl0JO6sXyHz7ODgxaVbL5HlbfXfdlHZqJPhPeLLfBj2SFtoho6YFpX4OI26DwB7pm-2= B9LeUbWsntt8CGRi-2BSKtlMyytd7wvZJNnO9F-2FC3u-2BYgXTUbD1THbTzoVRnVMzzj-2BODS= vxw1kxIn25iWuNlJ95IVGPZqdrFrrCAhDx-2FOciOvt1TA797ENhyneC6kp4gAa5gd8oJd-2BI-= 3D" style=3D"color: #1D5080;" test=3D"">Wired</a>]<br><br> =E2=80=A2 <b>Planet Money's whimsical approa= ch to economic coverage</b> led it to trade oil, make T-shirts and start a = record label. The NPR podcast's latest salvo against public media's funding= headwinds is a book deal worth over $1 million and a board game on the way= . [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWMDUegA9BP9xvdML-2Br7TgrFEoQulvkhAu6x= -2FQF2sJhtA-3D-3Dq4XL_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jA= PT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs= 0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22= nSpQLI3ajVIX0ql-2BN-2BOuG-2BHo2MLJw071c-2F1p8mEv-2Btr-2BbINL3Y8hmMT4AlzTR04= 9Toonxve8gxlqKupNP1j0v0KPXu4VDp4j23Hu3WoW6KYqHrOK9oqtbcG04vPBHZjvga-2Fu8i3S= S6bc8DRElMXY-2FmJhXURIR6h0CTdnkivH9bH9-2BipYjAW3KByFvPWPb-2B4-2F3vCXq1E0uYR= n9wQzk6dLHHB1nS-2BvptakTlAlL61qdG9FzfeOWD4p80-2BkgAiqr9fJjYPw822UY4rKfxT6Rn= dpI7bccqkulb6YeZKSmZn1c-3D" style=3D"color: #1D5080;" test=3D"">The New Yor= k Times</a>]</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td> <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;"> 749 </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;"> 2477 </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;"> 1277 </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;"> 22 </div> <div class=3D"count-type" style=3D"float: non= e; font-family: Roboto, Arial, sans-serif; color: white; font= -size: 12px; line-height: 24px; padding: 2px 8px 0= 8px; -webkit-text-size-adjust: 100%;"> Funds </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-counts-btn" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> <tr> <td align=3D"center" style=3D"padding-bottom: = 13.3px;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzWMDUegA9BP9xvdML-2Br7TgryvU6uuhVi1-2FAA6-2FuDmoHxw-3D= -3DfcSy_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= RIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81i= EpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53Diq= zK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0q= l-2BN-2BOjZwt1ZcMC65fvYVGJbiJQGJr4O0tjgQaTrDDOZRJRXbJCoeKCn7ol-2BBWwIpZ-2Bn= Qmn3tPgQ8DQSlcfBdziYx47R42VKJX046oqaMbay6u61LcjvpP3J1gfoUnC1Futvhu2CyKhaG51= 3uz8iFfmTnpg8L1-2B00ugiV7gnACPIx0BGaro4JsCxSjq58loTlyETjQbtZzIX7B8tBFw8yPqd= AnuzDsPcA-2B7AL7eqqVHVVfqW5fW1ubB52YoJSDA8E19Mkq2kleW7fzYHrilBQLV4J2zk-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;"> </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_579801" id=3D"n_579801" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2021 Vint= age Global Secondaries 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: 79.7883064516129%; min= -width: 79.7883064516129%; max-width: 79.7883064516129%; 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">15.83%</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">19.84%</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout= : fixed;" width=3D"100%"> <tbody> <tr> <td align=3D"center" valign=3D"middle"> <div style=3D"font-family: Roboto, Arial, san= s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27= px; padding-top: 5px; padding-bottom: 5px; float: none;"> 0.16x </div> <div style=3D"font-family: Roboto, Arial, san= s-serif; color: #000000; font-size: 16px; padding: 0 0 30px 0; float: none;= "> Median DPI </div></td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-performers" style=3D"min-width: 100%;" width=3D"100%"> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-title" lang=3D"x-performer-title" style=3D"co= lor: #000000; min-width: 100%;" width=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 0 10px 0 = 5px; line-height: 24px; font-size: 14px; font-weight: 700; font-family: Roboto, Arial, sans-serif;" width=3D"80%">Select top performe= rs</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" class=3D"performer-content" lang=3D"x-performer-content" style= =3D"min-width: 100%; font-size: 14px; line-height: 24px; color: #1D5080;" w= idth=3D"100%"> <tbody> <tr> <td height=3D"22" style=3D"padding: 15px 10px= 0 5px;" valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWMDUegA9BP9xvdML-2Br7TgrNcOS-2ByivRNvhnw8iVKv2Dg-3D-3Ddohk_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1= xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B= 6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-= 2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOojHtX5qXqZ= 4nMYRiDJ7i2JXJBpTi-2BHUPT8NZNNuPhdf6pYtz6tVz8JLkylzZtESMV4571VrGbUFBw7tQEH-= 2BPasJ2t54-2BcHPTNcBY1ap8-2F2Vg1VEP1QDwWD23WjXs6hGpOMFeisv5oQilBvS6lcNr8HA0= 4KLAM-2FCsmoAXbigWIbSnZbny98aj0Yxe0c9KYsffz7AZpOT1IA-2BBLNmE4ezauzyJ-2Bslp4= OBTZe2EwpndoLlgDsww0OI03A2BGN8Ol9cH33qz1NKk6s0sAfc1E6bKRg-3D" style=3D"font= -size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Glendow= er Capital Secondary Opportunities Fund V </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= swouzVBkuYOcfnMd7PHADB4PqtdouwMXe1-2FAwvkw8vfz-2FGn5A-3D-3DmGtN_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1= xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B= 6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-= 2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOkY4bY2k-2B= omuX-2BfbNn2uMeZnRPXE33kAn9RXr2GCBcschHA3DC3rx2Rb9poJp2HJfTDYrGQ-2BWehAF6o3= k56f-2Bm5xdsfcQM5bIcL3w5lMFfO4eOXeaPjmvpr2c5rTsCSGrg-2BOrDbydW7hwbMxO7ae-2F= b-2BD1kv9HInkgIrYFKEkNIq0nGIe7aMJ27Bi8-2BwkvOR-2FBSkZ1xfh-2B2-2FN3UUGXg1x3v= MDangWhs4EDcH5cxa0jefwPckh-2FFY-2Fme8ibxFj5KYtE8fV230nDO6ywREu7jOIg-2FU-3D"= style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D= "true">Banner Ridge Secondary 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= swouzVBkuYOcfnMd7PHADB4PqtdzDXOcNZboQFzonUJBFycWg-3D-3DgPUN_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3= Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGj= m6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2But= pFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOqbkyhYAa6Ozy8i= VIXA4wLAF8jMWzHC2dCEJyrz5-2FOEBIoCjEzEfegN0NJvFFdk3KvP5Qi6Pk-2FKvtf1kLj-2By= 2KRbnNjr8HJ-2FGV3qhgxuwairPepIK-2Faq6Os94Fyei13c7dRzL-2FUcIylpwuQrTXkHfoNgD= FHR0XtpeaXT3ufiZ9-2B9DeKsMDvkPDJpXZn0jZoEHeye4fewM57dIu5EuP79WVoiC0kd2usc-2= FH3HDvyH5xiJaqebcggfmLH643e0q8NAUv-2FQjI3cvAlBe459nAVbI1k-3D" style=3D"font= -size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Patria = Secondaries Opportunities Fund IV </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-2BaqM7ONnvsnswouzVBkuYOcfnMd7PHADB4PqtdVv5XhS= m58aFnQndM0Q07rw-3D-3DhvoP_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi= QVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRG= Lt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgv= iPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCd= Xxr22nSpQLI3ajVIX0ql-2BN-2BOr-2FfmH5PNYfU6r9Glo-2F0zJMMM2Avr998cn0bUyHhhALK= nNTnhn1ez7bGRkcDTqMqHyjw4NClzTn74CoOuHeZCLc4Ehvt3kh3oJIkVfxxt-2FEfUIBwbTqy2= jG1UAASoui5XZPH-2Fd7gRDJmai-2FebgBxMKVcCWSpj90k5skRkvthmL0zak1GzTl82-2FbZU-= 2B10DMA2BWjnSNamuFJRCKU6UZlD3z5W7hlrCIlpXQ4DrN-2BwcrVwHVu36cVOom7hoenrrjw-2= BSx38oxHapaaMYOVlCSVwbdw-3D" style=3D"font-family: Roboto, Arial, sans-seri= f; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" u= niversal=3D"true">28 Funds in Benchmark =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-2BaqM7ONnvsnswouzVBkuYOc= fnMd7PHADB4Pqtd71pahIiZTUQGKtzWZiKX9A-3D-3DDY9F_Pr966knuaHmaw6c7pKvB-2BCEiD= nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FA= prSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRK= vh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEv= dg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOoXltlIk6DZkJuIA7Fu-2B6eawZ= jH-2F0ZhmxC98Kgjzc2Kz4lMQUxsWCUTqZ2UTEa8a5IsHS4PAFFuPsTe-2BtH11BHqx82e0Er2l= f5L0bOTKkHmwpAmgFZWoo4V-2FW3Q0UzCPZnxKSDN-2Bn8CZwRawbAeGnbbxdnc9FKrmEqj1fyW= zHMCqlva1SmVIJr8BHwUyQgp6GGzqT8aCRS6owUb-2FAx2yEWkt27Y-2B-2FXmFHS5mTGwI3AmJ= iAbJ9HgIBWzh1RK3nJeKYqYz0333MH1xIPljqqGR-2B78-3D" style=3D"color: #1D5080;"= test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td lang=3D"x-advertisement" style=3D"padding-bottom: = 20px; text-align: center;" align=3D"center"><a target=3D"_blank" href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVBkuYOcfnMd7PHADB4PqtdqkYPpXjFPMEm-2Fv6S-2FFhCyw-3D-3= DgwPC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRI= vWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEp= L8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK= 0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-= 2BN-2BOvNkK6JNlw-2BieKALy7PYMqYe4XpbEJkvf8qGl8cW0J7OyPJeo2ICJCDx0gyN-2Fd6JE= N6XnxlPUY-2BPq6BtVYF-2F-2FKAE9-2FBQyhfyoS9NI-2BWOlM1jbK5ujlMEbBKGweNDztrgFu= 2tZtBBa-2Fd3bSf8nZJFttrdK0ih1phxdwY7DhKBNJL9qx3gwGFGUZnVCSAv10QX6Kf70NylR6-= 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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-2BaqM7ONnvsnswouzVBkuYOcfnMd7PHADB4Pqtd6npf12PXI4SGl6I-2= 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href=3D"https://url63= 80.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2B= aqM7ONnvsnswouzVBkuYOcfnMd7PHADB4Pqtd9dmFLxbl9PadxQaqA4ztNw-3D-3Dq0Ah_Pr966= knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dB= lMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw= 2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qH= Hg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOpUb8= qostybBpQNhulteXHB8AvsahtEuAB5aSmcI83vt0bh2-2BbwzTEmrAZKBQLNcEkRMrjOraFwuxH= -2BMg-2BeiMRmpKqSufEuGPKt6cC31L8em09QD29qbDjiC0GWW0RDsDgpy1ANibBqMARwP4lmY3= iRo2ZnOsxqE9WsoBmUnBz8Yr4QNN7Qs5Re9T2Slq3aqNH4R2mqg44PZgmSrH3mAppcjcM4dnUUG= VoHBfPSkyXfxFt3S6fXuhzgIYJajKVI4uDwjS-2FuTDk6MNwzd5QjOehU-3D" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">nEye.ai</a></b>, which is develop= ing optical technology for AI data centers, received an $80 million Series = C led by <b>Sutter Hill Ventures</b>.<br><br><b><a href=3D"https://url6380.= news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzVBkuYOcfnMd7PHADB4Pqtd9TAQj5L9cxw6adY-2B0ltSzQ-3D-3DPt01_Pr966k= nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBl= MfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2= Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHH= g4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOg1qe-= 2B-2FFS1jPhO-2BuPXn3-2FjUi07pLdVoNaszhNoWhygh1bGxZD0YN-2FYXRiQVjhiKkJqt2gE1= HNOaC2UKSjyIsffVKz4WTmomiy4RGVDgEc6kXVH50mX9lmRwrVIDun3Nfzdxix48008I6afyYyc= HcSi2xT4-2FqkFyToidJPcsV61ETr8mJGARr0fum-2BY-2FcoxYjZ5cbKhNwtL2pJm6L95md13M= bJcybHLO-2BXjFqd97Gs0d7qvQsYR3aP3ORKGjSjpbeaY-2Fx9gsvQx20GlYkCBWMcAM-3D" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Adcendo</a></b>, a Dan= ish company creating antibody-drug conjugates for the treatment of cancers,= raised a $75 million Series C led by <b>Jeito Capital</b>.<br><br> San Francisco-based <b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzVBkuYOcfnMd7PHADB4PqtdHb5YEUaLhq2SJ0InqD1d6A-3D-3DUEUL_Pr= 966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi= 7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII= 2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ= 7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOk= gFNvaHCE5912Lt8mfmCQyoWiE3jL58oh-2FbN-2BY-2BU33Zgkpo3kVQVVE98ofRiJpKC3rXpdr= DbITIE7Lbi4R6Ru-2FLM7UBbrccKHT0os3nR09tiJbsP-2BCmg7xNIS9AVKIjAY6xC6-2F2HHad= pttneJC6tX3Gz3RyjLP-2B7kF7JuxDLMzTpFyISM4lnrYtz5K0RpRaME9vWrNAvRAL0D6GyyGdR= Oxt7uTJL-2BdPexx-2BwP9IKvU5rgjbGRt7yN4MyuUx4IQRmwzwemaFBbDbLNrm1unlZY8-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Mintlify</a></b>, wh= ich offers a developer documentation platform, received a $45 million Serie= s B at a $500 million valuation led by <b>Andreessen Horowitz</b> and <b>Sa= lesforce Ventures</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.= com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUOb= GiTO-2B86VZWWwgNkk6X3HU4jNtN72gVZclbF5FRF8w-3D-3DqrKR_Pr966knuaHmaw6c7pKvB-= 2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2B= uy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN4= 0xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJF= paQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOl0rIkJSIybytAcdNSbsh= mXIEnTFo7HS9WrVCGm-2FWB6SwwII3Vdbcjv9zEwUMwh83O9WKNd5pC8X5GiM5j3d2kA3TuAtLd= eAGAY6bMOd8RaxhtJfORZ5METZo-2Bl4uQLnZTbHax-2FLGkQKhJKVTpqqFznqAYFFXuSFHJfbM= B1YRZeQINBJX-2B12qJn0V9DkHb0ci10FLsh16fBmlDeixo3zJ-2BiV-2BhReD8s2CaiUFmu-2B= Kwld5TLmvS-2FbRQtvQ50ygUG0i1twahpv8CvgVQDV-2BAmXGbs-3D" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">Bluefish</a></b>, a New York-based mark= eting platform provider, secured a $43 million Series B led by <b>Threshold= Ventures</b> and <b>NEA</b>.<br><br><b><a href=3D"https://url6380.news.pit= chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns= wouzUObGiTO-2B86VZWWwgNkk6X3MQ1fx4HJcET3LlslWXsMtQ-3D-3Dso8R_Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ= 3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VG= jm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2Bu= tpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOoRYCbhIxmz2PB= 0Qoz0swQ73pe1-2BLe02lROR0AOBoWgoXzC-2BbChiI0kvraRBqOdh0ueTxCcVc3Szjd4gFI41W= -2ByJEiPzVSlnv6xNbVgscoxb0LyFA73ghMY7UZrJGtqfaG6JgRL8GNVTtxZi5pf9Ig6OZdoLd0= QY1452dpKkFjKApCwAQ3nYtuhGTLIPw-2BKBr3zBcExagcKvOvaJ0rMUaMPMDAhJ8V8GSLO4JVk= BMwlbVrAhtkRIhh-2FnSfG279Y4AL-2B1XKUP-2BahZ1UBtcdydZj0-3D" style=3D"color: = #1D5080;" test=3D"" universal=3D"true">Synera</a></b>, a German developer o= f an agentic AI platform, received =E2=82=AC35 million in a Series B led by= <b>Revaia</b>.<br><br> San Francisco-based biotech startup <b><a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUObGiTO-2B86VZWWwgNkk6X3QtuYR3RtlRXa40t3F= l-2FgJw-3D-3D0AyV_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0k= eMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4= L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQ= LI3ajVIX0ql-2BN-2BOkTa9KVP7KYiL0mXQPTdZ1epC7O3v9i0ZMB7o3nbPumNSVDsnlbB2KXhU= mo9S3A1zRDwXqcxpk-2BY-2Bw-2B-2BOF-2B0nySQeLgm3mqY-2BXpsLOnwWA0P2EYgo2uszRBy= 6h-2BU35k6QoZ6i9tYTo9CanHUAV2IAt8ucQKGPqiaPmoRrvZhEOxoDlKEe4k6BoNtw-2FYM-2F= 9PYYamaLR54jHnGqT3bYqZt14R2dlhaZCx-2BSlk0Njqg8DMyAoClLYmV-2B1ufbPnvcXXOGeQ3= aOpIVMrnV8eh1DFET68-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr= ue">Spiral Therapeutics</a></b>, which specializes in ear disorders, raised= a $27 million Series B led <b>Gund Investment</b>.<br><br><b><a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzUObGiTO-2B86VZWWwgNkk6X3KA2sKtVZUTxCkF3rjj2-2Fdw-= 3D-3DThVj_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C8= 1iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53D= iqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX= 0ql-2BN-2BOvEycITYQhaBMvGmpcCo09-2B9duHIzZl95nrBKWTB-2BE2P8ofWt5qjIEEHuesns= 4AE185yELTMYoyWWEb1dKdR7tRL7K1sWdf8Ei0ODRvw4Dv7yyeXUlWrgpRGFP6vGmgBsbfD14MV= BxPl9wCGYykSFGLhPhkqsgrBlmh3xtzjT0Kn1AqlbhTArQVtb3mtBLkGrG2iano6jBaAtVRHqCf= ZU8KyaQ-2FtUaSUH9IYw53wjl3pXLQpjNbOfsiF-2BlgV0klqvqMN6DkrLe4nRT9d7x1ZiRg-3D= " style=3D"color: #1D5080;" test=3D"" universal=3D"true">Kelluu</a></b>, a = Finnish deep-tech company operating an autonomous airship fleet, received a= =E2=82=AC15 million Series A led by <b>NATO Innovation Fund</b>.<br><br><b= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUObGiTO-2B86VZWWwgNkk6X34m0EvGbohd5= re6nbQaGkRQ-3D-3DGfx7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jA= PT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs= 0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22= nSpQLI3ajVIX0ql-2BN-2BOrged5n1y-2F2e26Mu6vpt2rabnHkmVrPB-2BmdptrPpIQZ35zbwk= eRVDFkS-2F-2FHghLlKYn3myVdjMUVYzxsqiqzn2P-2FiMmLhhEPJCox7CFQ-2FLU9xh6LWAVWg= mUpRGfwPFsLwK9rqgWu-2FyoQ6MJvu4T2NxR6GpQJgeeGAtz-2Fmd-2BN-2FekzF-2FjQdDzQQE= uFNbTPNL8SiD5hrnem4BjtOmf53HvBU395UQdBq-2B6FHhgSrr6NEnPYD1qGmcPGIcwW1cDLZ2-= 2Fn1QKJVW41vUBltZ1AgMHF-2BLZU-3D" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">Wamo</a></b>, the UK- and Finland-based developer of a financ= e platform, secured =E2=82=AC10 million in a Series A led by <b>3TS Capital= 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"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>TPG= </b> agreed to buy <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUObGiTO-2B86VZ= WWwgNkk6X3xtmwPtQxwH5vrsA-2B9N-2BQtQ-3D-3Df7Mp_Pr966knuaHmaw6c7pKvB-2BCEiDn= j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAp= rSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKv= h0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvd= g0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOuUap3PzTMPEz2P14LAXU0V26U5Z= gHQLP79GOrQ2eXT4QjuEXDBaIhOEomuqmOaIloXQdGmW17Qn56p829Dn-2FKkxczJHwE3Zdgoe-= 2Bj0ip6WcVLCEBL7tb-2Fa8-2FI5BFEdfR1DYrD-2F7SvGc5S-2B-2F1rBTnpFi-2FTHzPqi5Df= 4QNpQCF2bky-2BZr6zky8TPXS1NO5UG27L30Vlp6v89Jw5Y1vBstbZ35y2ub3PkE777Q-2BZM9-= 2FEELStsuabAGj4hvTrJolZNz37C-2Fv0R8lqmu9QbDPcHnRqA-3D" style=3D"color: #1D5= 080;" test=3D"" universal=3D"true">Learfield</a></b>, a college sports mult= imedia rights company, for $2 billion. Learfield was previously acquired in= 2023 for $845 million by <b>Clearlake Capital Group</b>, <b>Charlesbank Ca= pital Partners</b> and <b>Fortress Investment Group</b>.<br><br> The winning bidders of a $1 billion sale of = <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73= BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUObGiTO-2B86VZWWwgNkk6X3LB6S3eZ1-2FT= xZRU0ZcJVE4g-3D-3D7Q2B_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4= 3kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6j= APT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAg= s0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr2= 2nSpQLI3ajVIX0ql-2BN-2BOk4E8WGUvJXGKOe0XMlF2a5tBnokFV0s5IXdxVmaKwkitlzSxGr-= 2BvajiDDt-2F9X88tPlHZm-2FOX8BmIhgMEUBY1d42JhsiIXu6V3-2FL-2B5Et2ZHTnDIRWiq7G= -2BUiZ-2BiYzn5lHnpWvmUAr1MaQEHfwfV10GxwpYQcbyMxmwgzXNsqRRIqEQX4gtAHJ9jOAJjS= 81dWne4wGVuYmAR5rRc7e51x-2FH0rXIGIzptSVweKbBWXvbinIE4CNvLCZhydhb-2F3vd5b5hg= R2EAnyUjiQ2x0uz1TN-2BM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D= "true"><b>CIC</b></a>'s private equity holdings were <b>Goldman Sachs</b> a= nd <b>Ardian</b>, Bloomberg reported.<br><br><b>American Industrial Partner= s</b> is acquiring NYSE-listed medtech company <b><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzUObGiTO-2B86VZWWwgNkk6X30XEhkNYOD90kpFWuf1hufg-3D-3D8rs2_Pr96= 6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7d= BlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2c= w2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7q= HHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOi4u= BL1MWvQKdZiHEA0EadGkrn-2Fz9a7de2uxs26fdS4AqswdW-2B9oW4Vg32xOf3vdSlqAb12nAZ1= -2FoznyZrVsAgENr-2FWU3C2dvi-2FDUrpMN0-2Bwo6Jn58mLENwzN7bM-2FMcPXu38EtEL33SG= gAF1URjls4gP4MK1if7WYIV1buemCpcrSRxrzYr91gnXpZ-2FBL4gxV7DzGsuOj-2FK0ZQjqzmf= 7oJ7gtsGxgzNd9Y256OzGQLA-2BGmO5721IPRDWObW1LCIqcvmarbk6QlVkrmyBD7w72Uo-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">Avanos Medical</a></= b> in an all-cash transaction for $1.27 billion.<br><br><b>Blue Owl</b> is = nearing a deal to take a minority stake in Paris-based <b><a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzUObGiTO-2B86VZWWwgNkk6X3-2BzpheSMN4kD1VMoIYWrZdA-3D-3= DGFSW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRI= vWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEp= L8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK= 0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-= 2BN-2BOvj9wmpWHjvdxuFbthGYB4MDQD6Y5StlwgqPkVkX-2FkQeeqQVLTDVJI1ZtkkvYfHjKv8= jERpPnfQZDVQJhYnAQq39wxG-2BteDq4JPh5aEJZ42BDcwTc6-2B7UXSOENgKlXeEkbrIUUqomf= 5XmgNvBZ1ewW8UL3UKB-2B6wT4xqz0qz68TwMEO9G0H0jiQAbZ0ytAhxF5puLkoXnQ5ZyDc7vSc= oyCvc2CUZbFVCkICwyjXcbu2szLEiWsdIABMZJDVnQHAO-2BzhSU2bTqGw6vMMwmCVmhaE-3D" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">BlackFin Capital Par= tners</a></b>.<br><br><b>I Squared Capital</b> and <b>Blackstone</b> may pu= t in a new offer for the core advertising business of German media group <a= href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br= X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUObGiTO-2B86VZWWwgNkk6X3qzg5lyGz5xZvgG= ZwqSHYkA-3D-3DTSeF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM= cVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0= keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW= 4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSp= QLI3ajVIX0ql-2BN-2BOsEZx25DMfqfVTkqRDkuypL1CPHys9zhGI94D6Pt2OdWfAZfNqXwX97j= 94K0HRrLmxYth8MhFbtaV7FH4Ur-2FG1mgIa-2B8SSU5ooUUEfiQe-2Fx4HVpPHjejx0hgkWC9Y= YQJzPP0iNMLIftHNGVWyxSK-2BxF47FKqoVNYaULkXiRchjrpkNuNN5LcunX0QJHoJDIHeUwrXD= L2AJ-2FycFfA-2BxVXmYlm9o5ELn3CyFy0nQ9XP7Jgev5biAbk7cvxRg87jSrbRFWlO-2F06Umi= 1ILONgEhTJpk-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>= Stroer</b></a>, Bloomberg reported.<br><br><b>BU Bregal Unternehmerkapital<= /b> acquired a majority stake in <b><a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= X3H-2FBob4327-2BNtX00javMxR58819z76BQor7WK-2BaQiHw-3D-3DIzdP_Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ= 3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VG= jm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2Bu= tpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOvABNx6V4XpgRY= FrTPoqLX1fm0Q6HbKtgyzsVWnQ6oQAJyykxb-2B9bO6-2B7shQXb9b44Y5FFXlI6H6hj0ecQYMx= fagugJCHUSPH-2FiSv1ZQy8coEjB0QKQ9qJffQrz5NVLyD8g71DfOiHgXHHFb-2B9sGTRUlYEvN= iAWQEFa6ba2ZWduBI1GZxWRlJvkt5tlS40BnTCIj8DGsP5Qks8yhiKv0tRhQsP2hPM2FAlM3DF6= 2DlbbjunP1EyGvYVQUJhd4z5pFwQdSm7awunxjwIt1Mnu268-3D" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">A. Eberle</a></b>, a German measurement te= chnology provider for the energy infrastructure sector.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>Mub= adala</b> is in initial talks for <b><a href=3D"https://url6380.news.pitchb= ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou= zX3H-2FBob4327-2BNtX00javMxTlHACnx23piiLIqU03cZyA-3D-3DcMRL_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3= Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGj= m6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2But= pFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOk8Ch8co4OE6GAM= 3Av-2BeBrlRi8FjwdeY6imHKjTcODJA3aLuQOIuIRwB-2FWuyc1IZf3tHwVO-2FJeX0-2F3XFJZ= -2B6HDho-2BUczKRT73BwtltqoYaZnQsvjlapFoUlvMET3NNPOjycVowy3jwTx-2B7F7Oi5gEkp= IJ9vAuI53Z3W282HauOnAKrMomSLjvsMxOVhSm8mTJ4XOnFNvlff01ZZRMEjJF0YpNOBebid2-2= F1Lnivr2AZHbqr21oKR4QmNrJYcCeMrxeTMrmSw-2B7PiQCAr-2F9DPKfKM-3D" style=3D"co= lor: #1D5080;" test=3D"" universal=3D"true">Petrobras</a></b> to buy back i= ts Mataripe refinery in Brazil, Reuters reported.<br><br><b>LDC</b> exited = its minority investment in <b><a href=3D"https://url6380.news.pitchbook.com= /uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3H-2F= Bob4327-2BNtX00javMxkmeo0LLrT0UCfrEn3o2OVA-3D-3DpugD_Pr966knuaHmaw6c7pKvB-2= BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Bu= y-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40= xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFp= aQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOgyzFO-2FZK8pdhhMQCdo6= tn8EkKbFUufWE8Iv8tgnfhBggRR-2FLIi5-2FrQuK0H9vw-2Bz3IKIMtNEKrMKFvMAVgcVWFWvs= 3-2BrfEBhtrGP6nkuJ1XibAXjOjOymx8WG5BBDBo-2FQCe2Va49i7ZX31l3DDbNB-2BBUazzIZ0= xW6cLr6ZI2I-2FPqshGydad8Uv4Qrh-2Fxibup7vqmNencE-2BGO4fOskig5FAUnThcQG3-2BYY= lAU6xWc05aptPXDVrDmhlEjbGTXo-2BS47RkZCV9O2-2BQAfQalORRi0dg-3D" style=3D"col= or: #1D5080;" test=3D"" universal=3D"true">Global Autocare</a></b>, a UK-ba= sed corporate vehicle rental and fleet management service.<br><br><b><a hre= f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu= ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3H-2FBob4327-2BNtX00javMxLSOBsb9f9Yu9lhaT= 8Uv1Lg-3D-3D577g_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcV= f8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0ke= Mrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L= 7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQL= I3ajVIX0ql-2BN-2BOkWUrdspCp893r6b58hgg1aSlU0MijiIqzxPLVM3qvOJF773Om3ATA9A2D= nXIdBAknMXzye8vNJf5wAT0XuzcNxYhquKxK2N9BoI-2Ftua3vFW7UdZM3-2F6GeO5jFvVYuwor= tMKQIiD3baZ-2BKoUZXAijpWw-2Fan8VeU7t8ybur2LRdCVGJps1lZixEVRktJHyvIJhFfw2s5Z= R-2BLAe7s8-2FN0cYpLh7TuvMnpkqBAIh-2FYSiGZya-2BzV-2B3RlGCu5mOTYl5w-2F0AaZ1vS= 3aQtxocmRZ-2F0nJW4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tru= e">Hiro Finance</a></b>, a startup focused on personal financial management= backed by <b>General Catalyst</b> and <b>Ribbit Capital</b>, has been acqu= ired by <b>OpenAI</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.= com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3H= -2FBob4327-2BNtX00javMxY5WTwjTFc9YmEY-2F9jGiCZw-3D-3DDdqx_Pr966knuaHmaw6c7p= KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pd= l-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6= fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpF= TqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOtFe69xVM2ShjCU3B= MPj388Zs0v-2B2GBy1yOKsIJ7Z0l5h-2BhqKruA1OpjP-2F3mqegvwaMW5EGW6344GiT0GOX4dB= zzNPOdu0Ez2LQ3PPV4VeIBtrIXdPCOuwGnktdl4oE6QJEIebaF41H7q7vjN3ai8GVSG1Z7QUliw= ZOMo1dX227A-2BJTu1e7PbfAYKMAZdNVxbfQfbpHRUpf0YMkQ4yMXOfwc5lgSczVH8poSQ1UZ6d= cYPAOY1BhB1opXfqGB5BEiJ-2BuHzls97DVizJs6SLd02Sw-3D" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">PartnerStack</a></b>, a relationship manage= ment platform specialist, agreed to be bought by <b>AppDirect</b>. Both com= panies are VC-backed.<br><br> VC-backed <b><a href=3D"https://url6380.news= .pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONn= vsnswouzX3H-2FBob4327-2BNtX00javMx-2FcBpFFoH0Mkb0W3n-2FUhI6w-3D-3DfP13_Pr96= 6knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7d= BlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2c= w2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7q= HHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOk8p= aLJSgzCyoFse6tzCVV6LulUoVi0bTOAXehI1eKfY0fC-2BWbJFVihqlTRR3AZAZ4CRtv86IRNLJ= eiDuTKa2tUykbZM9entsebK-2F2ofolONk2IQUlhbW0-2FPW1b0fgv1rifEQbAWSv9y1YRuCLhq= BnteGm3D-2FdG6xk7G4MQQ8-2FQseIPfEX61HqRP9EL22wVmQ-2FPa5tePaykutlqUQc2ZOav6O= Bwyh97OVpZ5nzj2ZWD-2BO9BA87PTrc-2BokhxxHm2n1bho-2Fn4r-2FwXpf82-2B9UL-2BG-2F= M-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Monarch</a></b= >, a self-driving electric tractor startup, has been acquired by <b>Caterpi= llar</b>, Bloomberg reported.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Abu Dh= abi-based <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzX3H-2FBob4327-2BNtX00ja= vMx0FcVwSsNzs0WCiu-2FxHXEBQ-3D-3DNKy__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0= YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8U= zECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0l= m6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2F= LhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOnGkNqv0mO7F7klqoM-2BB0Ce8R-2Byh5Rckd= PoUakhJ917h5S6uScH5eECgibo7qGMi583XEhmgibMCBCY3rN11E0KLebWNPZDu9CGmO6bxPWhf= i-2B7xRbfPdyIU-2BXeEDzbcgLsN7GWTUJCL9HctQrSMI5fFloE81kFLvj3Te5sYrkyml1FnCPO= lU2doB4468lmkvESOq7E1Uc7igag2soJ58IFkZjJl7fzZpvWVSmExFgy0uDjR9-2BjcT4D4GWLU= 2cfnDoHY8a2Wda-2BHxuVygGRu9ws-3D" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">BlueFive</a></b> is planning to raise $3 billion to invest in= aerospace and defense companies, Bloomberg reported.<br><br><b><a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzX3H-2FBob4327-2BNtX00javMxXqdF90lrbw-2BQUU9xStM= Y4w-3D-3Dj1p7_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U= YA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrn= j0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6= B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3a= jVIX0ql-2BN-2BOvcTfCMeJCv6wEdFD1HsE-2BvZlCbtUxSRfXhn11R8t5ewQAoOa5x3GJtBBIE= b6eJQIHbdJEb9YS3o-2B1lSWM2CeECsL9J-2FB9ZxHjnH33H7w2RpzCl-2BDgFsjtKrCR4U3xAN= tqHOtMHYZRDOGT5HhUyqlNpgiMzVdO8Lh6d9bqhOJ0XhL9xEcOssbYV7fMCfYbahJosxdhOkZkv= 4ssO2bGe4krhVlpC-2Blzr1rgjU50AZeIxbGAO0fS2gPi4bOsUE-2FFpDYwNmhdoBOgkoC09HSW= ft-2Fm8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Lightyea= r Capital</a></b> raised $2.5 billion for its Fund VI to invest in financia= l services businesses, The Wall Street Journal reported.<br><br> Paris-based VC firm <b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzX3H-2FBob4327-2BNtX00javMx5snmqCvJK6cAJcdu2LOIpQ-3D-3Dzf3= w_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKx= iLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-= 2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n= -2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-= 2BOg-2BBQz0-2FqUPCTp2qwHuYaGlS1-2FdKYM9lNbOcjOQL85GubrjW1-2B4-2BzkbhEjWlakv= DYcujySmlcwj3doXc6zqR452uUU9848BMUZX1VzxLb5FHLiTpLfJwzI2tOhOc9nB-2BIgsmOKSi= 5Of1rNz5rU-2FozQNieHo-2FZ1Q8bICwC55zfJBkBFpjCPAgjnhQA4THjrOx8Jc3Bi32bZQwQ-2= B296Y3q-2FzwisybYOJkVMG5u-2BfSNKHefbFzzzJuPgqbI38T2qvuIw2Bvpwy9-2FfcR2DLFKo= gGvGw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Newfund</a= ></b> raised =E2=82=AC60 million for a vehicle focused on technologies for = the treatment of brain diseases, Sifted reported.<br><br> The defense giant <b>Lockheed Martin</b> aut= horized an additional $1 billion to its VC arm <b><a href=3D"https://url638= 0.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Ba= qM7ONnvsnswouzX3H-2FBob4327-2BNtX00javMxLpcNWmHeRWVsaWuBouIZ1Q-3D-3DDmOH_Pr= 966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi= 7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII= 2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ= 7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOt= KSSTHWfpubIUFmaQ-2B3HT4lzb790dPO4jZJmgAbqMm64dFpIr54iXPuykm7X26GSHWYUzv7lzT= iBxt-2FPtpXglc20NI7KMAEUYDzpJzx-2F0IAdaGoGM0HJiKd61wVX7LbakRQPRHVNV8PJ7Gj1A= 8CrSCx5NOAQBP-2F-2BzIN82zVOw3sN6LkJkKDx1hfop2D4DBfnwSO6pUKli6ur4JuNbkKwP0Vt= J7D-2FX-2ByWBFsX9W3cwDeYYyocO5T5HXWz6wkovg0lg7XGO1-2B3HGLfuXP0t04yf4-3D" st= yle=3D"color: #1D5080;" test=3D"" universal=3D"true">Lockheed Martin Ventur= es</a></b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXh14h6VMDklYSFPKB8xhNQr1u0tUXvS= 24cXvXTI4oiEQ-3D-3DACmC_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6= jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VGjm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPA= gs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2ButpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr= 22nSpQLI3ajVIX0ql-2BN-2BOrVY5sAbeOOi1KtMV6gy7tR9ZvnmdGPCrKKZyi8lsRf8oBkfQTh= 1ME27n-2FCVPev-2F32iJyR3psg-2FBqPAwdhx1Q2wIqmFvWcSKhwl-2Fak2RUyADWqaULccJ5S= tZXLK8KjdmbnnLljWPX7VVFQAD7POAO5F-2BOtZla7kQO9kGXRjlcLx1RCu-2BsMCGThbNXMFXs= qQgyCk1rqVOByXQyQczGm5rQrtev1-2FUvwEITOMhgOC0EQlRJljuPg-2BP4Fwly1Yh1B-2BDVo= 6nGjMvKzs9LrsS4Co6tcc-3D" universal=3D"true"> <img align=3D"center" alt=3D"= " src=3D"https://img.pitchbook.com/news/73774.png" style=3D"border: none; w= idth: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Club d= eals increased their share of total deal value by almost 10 percentage poin= ts relative to the 2025 average, reaching 43.3% in Q1.<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzXh14h6VMDklYSFPKB8xhNQQOHEzvzmik4O3LH6gYxStg-3D-3DBbxR_Pr966knuaHmaw6= c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRIvWKxiLdi7dBlMfPV1xOJ= 3Pdl-2Buy-2FAprSbw-2F8UzECxliXPZRGLt6jAPT0keMrnj0C81iEpL8H-2BII2cw2Fg-2B6VG= jm6fHN40xVtRKvh0gP8OO0lm6ZZP8d6fgviPAgs0LW4L7U6B53DiqzK0C2n-2BQ7qHHg4Sq-2Bu= tpFTqJFpaQGEvdg0NTGL-2FLhHcXnQ2FCdXxr22nSpQLI3ajVIX0ql-2BN-2BOvpKpHTvAYtWH-= 2Bpxy1wj93GPuf2S0o3suH34vqC6HXonQYLYlOKswYdbEzIkyE1kNMtJ21tIoA6ePtMbIf4kJVu= nNo-2Bhsh-2Fq0yErbv7cpERBOtD6GD52pOoUh4egbKANtxdG3b7ytChtHNU-2BUFNTaeBJ8d9b= m96tVv52-2BOYylL0MNvO5D-2BVmvfAGw6TJkWCW-2FOVCNYeSGao-2BklVOAOTPO5GjJalyez0= oOgG5Ybd4sMXpyXmwj2d4hyjcQSYLFnaSWdYzZI2me5n7LtIayOO9uSg-3D" style=3D"color= : #1D5080;" test=3D"" universal=3D"true">Q1 2026 European PE Breakdown</a><= /b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> </tbody> </table></td>=20 <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r= ight" style=3D"padding-left: 20px;"> <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td> <table lang=3D"x-sidebar-block" width=3D"140" cellpadding= =3D"0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td> <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad= ding=3D"0" border=3D"0" style=3D"min-width: 100%;"> <tbody> <tr> <td width=3D"460" class=3D"container"> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor= der=3D"0" style=3D"min-width: 100%; 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