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Date: Fri, 17 Apr 2026 11:00:28 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: The business of GPU preorders
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style=3D"color: #78766f; font-size: 1px; display: none !important;"> Talkin=
g PE secondaries; fresh benchmarks on fund returns; UK launches sovereign A=
I fund; Africa's VC market starts 2026 with a bang </span></td>
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n></td>
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             <td style=3D"text-align: center; font-family: Roboto, Arial, s=
ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, =
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ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p=
rivate capital markets</span></td>
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sp;</td>
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=92=89<b>OpenAI aims at drug discovery</b> with GPT-Rosalind, a new frontie=
r model unveiled yesterday. The release challenges the assumption that life=
 sciences are too specialized for AI labs to explore. <b><a href=3D"https:/=
/url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6=
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-designed drugs.</a></b><br><br>
                               =E2=80=A2 Was this newsletter forwarded to y=
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uV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjjLaBlA46VTjVfbw5pYjA7FTsICr56iOcRCeR8jk=
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                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579866" id=3D"n_579866" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
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tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Startups are auctioning off GP=
U access like it's on eBay </span></td>
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                         <td style=3D"padding: 0 20px 0 20px; ">
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ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
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OBu5YOOUuuqPvmlXy-2FzTOiVUvRjSXz-2FjNMR75vnZZ-2Bs1m9gDiitEs5j2NghZcZ5N4D3Ap=
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oJj8sAE-3D" universal=3D"true"> <img align=3D"center" alt=3D"" src=3D"https=
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ight: auto;">  </a></td>
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8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By =
Jacob Robbins, Technology Reporter</i><br><br>
                               When TensorWave, an AI neocloud startup, pre=
-sells access to GPU computing that won=E2=80=99t come online until later t=
his year, buyers bid against each other a la eBay for the right to sign a l=
ong-term contract.<br><br>
                               "It's so scarce that whoever wants to pay th=
e most is gonna get it," said Piotr Tomasik, co-founder and COO of TensorWa=
ve.<br><br>
                               Recently, investors have grown wary of the h=
uge debt facilities neocloud operators, which sell access to their chip clu=
sters, have been taking on to finance their data center buildouts. But a sm=
all group of investors say the loans, backed by these contracts for future =
access rather than the chips themselves, are much safer bets than the mains=
tream narrative suggests.<br><br>
                               "You had abnormally high growth, abnormally =
high customer concentration, and abnormally high debt," said Antolin Garza,=
 partner at Karmel Capital, which invested in CoreWeave, Lambda Labs and Cr=
usoe. "That was the cocktail investors had to navigate through." The market=
 has persistently underweighted the value of the signed-contract backlogs, =
Garza said.<br><br>
                               And as the scarcity of compute resources wor=
sens, it has pushed more customers to pursue longer-term contracts with bet=
ter terms for neocloud providers. That in turn has changed the debt underwr=
iting conversation, Tomasik said.<br><br>
                               "The terms by which one of these contracts c=
an be cancelable are super small=E2=80=94like force majeure," Tomasik said.=
 Even if a neocloud fails, most of these contracts are being written in way=
s to still protect the lenders, according to Tomasik.<br><br>
                               Even the companies offering GPU access witho=
ut an explicit bidding system say they're feeling the positive downstream e=
ffects.<br><br>
                               "If you had asked for a six-year contract ju=
st two years ago, people would laugh you out of the room, but that's not un=
common nowadays," said Kevin Cochrane, CMO at Vultr, adding that the compan=
y would pick a customer seeking a longer contract over a shorter one.<br><b=
r>
                               Unfortunately, these dynamics are not favora=
ble for smaller startups looking to access compute power from these provide=
rs.</td>
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zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHD=
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3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0=
NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjg=
fR5gTjVztXAkBmTscTgQNq3mzGE3A4YmSsupgjRNXRS2mj8XeKbmVyRv3Ub1WZHj79-2BIoV42y=
eRdHOPD12C4Yhyd9Yny1fPE9hutmAp2-2BPFlvUtSLS3gZLwNsOawjkeukaMuYK7KgHmxj74LaZ=
BAjyq0l7szf3NAOYbbAmGE64wjjviIsfSJMJt-2B6Q9kd5hQefMHpfuPLSwSrNAxivs4n9Z5fvV=
rFfzsbkVQHSlp4bm5cpd9qsQfDDb6HP3eCwSg-3D" universal=3D"true">Data center pi=
le-in shows little concern about exits </a></b></td>
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                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Catch Up Quick</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </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>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>See our fresh Private Capital Indexes,</b> which benchmark fund retu=
rns across strategies for Q4. <a href=3D"https://url6380.news.pitchbook.com=
/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWFF7U=
86hMYODblVRDapeNFrmfgduxxvI-2FJsL9g6aPWQ-3D-3DUvib_I3w5d9c01gkD8gLzFEofZR-2=
Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakU=
ijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwG=
J8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFL=
jGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjhvc-2BCyJc=
L-2FOg-2FXxtcMt9Gs0KgDcO6s32QjagswSMuIR2WV9lUOWH0l-2FOktFwm5scK988aXLX1JDXK=
efOnV1cgHWrvS7jFngWRFzbeRecqj1f1Q6Tq7jy1jsf5XrBmCiPQ9rXn5flNoO5jLs9d5T1TSVZ=
4iaUrcoVx3SQXeXKgXZLc7W1j1ygPZHRpwHATd8CvnpU-2FOGt07vZmHbkx7OqM2we0VOHgORm7=
2gx0Hh2ZWRm-2FwTPdQopXxDH2sQU3o2yI-3D" style=3D"color: #1D5080;" test=3D"" =
universal=3D"true"><b>Access the data</b></a><br><br>
                               =E2=80=A2 <b>The UK launched a $675M soverei=
gn AI fund</b> to reduce its dependence on technology from other countries.=
 Our senior analyst Dimitri Zabelin has published a defining report on sove=
reign AI. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNC2gX=
30knygsvrTObVwPVgg-3D-3DO5rO_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-=
2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5O=
yeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2=
FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjjrYuGsY1JRbdDfCAxok6-2FmIMnlPag-=
2BUjZS0qXX1pZISgxcsRIwLxYFPS-2ByZmrz-2FUGpayPODRiFwa9nFOBjPlMD3adthoBvQdjM-=
2FTUwUSv4UlEH00HO1rNq7pDyHt7sl7B010SUqlooR-2Bypf3Wvja4lQTm8tbsp2GrPxx-2BWVE=
z-2FN3eRG6uFtmnfCnvyMXEKHZoXRKfl2W2Brxg4-2BhlL1YsC2iWZxGWQxJB084kLAChsj3r6r=
X1kE-2Budifu9PottxRI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue"><b>Read it now</b></a><br><br>
                               =E2=80=A2 <b>Africa's VC market has started =
the year with a bang</b> as investment spreads across more sectors=E2=80=94=
signaling the market's maturation beyond its payments industry roots. <a hr=
ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C=
uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNUAFlfO-2BWojhLLRnrr=
sjMKg-3D-3DIEKk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8u=
uBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-=
2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp=
6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjget-2BIVYpn55hUUE39ssuCC9Fwvp-2BgP2a8AXJuTLRW=
TZ57Pwb7Bh7VDUu9w4MgGHU74rRWPkiGIaTdry5-2BXymQFL2Xpnm28-2FDOQOp6KltMQ2p76C4=
5ckThNPf4oLCKbps-2BAL6heDVktgT8h6ogo2x0BeShxcSbk66ea2fnpFf-2BMgB5O8ZMKmzpRa=
e3rmPr-2FquGtDLOB9kNPRe-2B0gFxIx6xN5wJk3dkBhBsVaWcPN-2FjG5XBu-2B2DO1li9QIuk=
ZaCs-2F-2B8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>F=
ind out 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">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579481" id=3D"n_579481" style=3D"font-size: 0; text-decoration: non=
e;"></a>=20
                          <table lang=3D"x-news-group-title" cellpadding=3D=
"0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;=
">
                           <tbody>
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                             <td><span class=3D"outlook-caption-override" s=
tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s=
erif;
                                                                font-weight=
: 500; font-size: 20px; line-height: 26px;"> Q&amp;A: Pantheon on continuat=
ion funds, conflicts and the Labor Department </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
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                              <table lang=3D"x-content-area-top" cellpaddin=
g=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
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                              <td valign=3D"top">
                              <table lang=3D"x-image" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" align=3D"center">
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                              <td align=3D"center">
                              <table cellpadding=3D"0" cellspacing=3D"0" bo=
rder=3D"0" align=3D"center" style=3D"float: none;
 ">
                              <tbody>
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                              <td style=3D"text-align: center" align=3D"cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNFmGVA0l7F=
A453GcCGRvIIg-3D-3DYA5S_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb=
cbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T=
9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDB=
JgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2Fjbnh=
PyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjjjeqzkwxaePr8x8cvrDmP2x8vvLKKGX1zxHah=
gs1uojO1ZENkJHndx5fb7vIJrxNb6gMA7lq-2Bs1rtCp5l1H-2FuAE-2FCDZKGou7LPAf2K74Zc=
nA9NFP5Cp8nTP1RucBkcbVXFEh53ft2OK9oE-2BYlrwK-2BBQ78uykHyf1ZPpoPPlb6Z5WfgXRa=
X1rAWk-2BUpL1QlOGyQNz-2B-2B-2BIEzkbdi2h2p-2BQs24Ck3IXGlrlNaLER-2BRLUJJtTXUk=
VQLflXpm5cnuEQ6m8-3D" universal=3D"true">  <img src=3D"https://img.pitchboo=
k.com/news/73806.png" align=3D"center" alt=3D"" style=3D"border: none; widt=
h: 100%; height: auto;">  </a></td>
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                              <td align=3D"right" style=3D"padding-bottom: =
8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">(Jenna O'Malley/=
PitchBook News)</td>
                              </tr>
                              </tbody>
                              </table></td>
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                              </table></td>
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                              </tbody>
                              </table>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;"><i>By Jessica Hamlin,=
 Senior Funds Columnist</i> <br><br>
                               Pantheon was one of the earliest buyers in t=
he market for secondhand fund stakes, having begun purchasing them from ins=
titutional investors in the 1980s. <br><br>
                               PitchBook spoke with Amyn Hassanally, global=
 head of private equity secondaries at Pantheon, about dealmaking, potentia=
l conflicts of interest on continuation fund deals, and the Labor Departmen=
t's 401(k) proposals. <br><br><b>Last year was a record for the private equ=
ity secondary market. How=E2=80=99s 2026 shaping out so far?</b> <br><br>
                               Pantheon: 2026 has gotten off to an even bus=
ier start than 2025, and around this time last year, we had the "Liberation=
 Day" announcement, which slowed things down in secondaries. We=E2=80=99re =
being extremely selective about what we're leaning into because there's muc=
h more deal flow than there is capital to absorb it. <br><br><b>Of the deal=
s coming across your desk, what is the quality of the majority of assets an=
d fund stakes?</b> <br><br>
                               On one end, where we tend to focus, is our h=
igh-quality buyout and growth portfolios. We just completed a sale of a por=
tfolio at about $750 million of [net asset value]. There were 12 managers i=
n the fund. We rate them as =E2=80=9CA=E2=80=9D and =E2=80=9CB=E2=80=9D man=
agers. Of those managers, 10 were =E2=80=9CA=E2=80=9D managers. So the qual=
ity we see in that part of the market is still very much there. You just ha=
ve to look for it. <br><br><b>How helpful is it to be on the LPAC when you=
=E2=80=99re considering a secondary purchase?</b> <br><br>
                               It gives us incredible insight into the asse=
ts we=E2=80=99re buying. <br><br>
                               Last year, we did a large LP portfolio trans=
action, and one of our blue-chip growth equity managers was one of four GPs=
 across 18 funds. <br><br>
                               This GP is well known for the fact that if y=
ou=E2=80=99re an LP in their funds, you basically get only a paragraph [on =
how they=E2=80=99re performing], on each company, every quarter. But if you=
=E2=80=99re on the LPAC, you get pages per company.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table>
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
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ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
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                              <table lang=3D"x-content-area-bottom" cellpad=
ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: =
100%;">
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                              <td valign=3D"top">
                              <table lang=3D"x-content-btn" cellpadding=3D"=
0" cellspacing=3D"0" border=3D"0">
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                              <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-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNFmGVA0l7FA453GcCGRvIIg-3D-3DU=
osH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCN=
RrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjX=
BZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8x=
YOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVj=
JJmSPFBgRALEp5m2Jjjzj-2F4I-2BhfYQg5aIdZkCBXJjumGygoSmU8YNn4BrK9AMy3sd7iSJ-2=
FYjKAqF-2BMfQpJXKZJq8JAUyhfiO7I7JvOA26O-2BoUaPgCH41Fl1YGcXixJMx-2B3k-2BSEx6=
Ppxnk33hdxmpEZhWI1EB67iqmuoCQcItS5AAf-2BKVFbAsUNtWw6xMnuybS5OfrRSeWbTLEyXZA=
X60z6vq66acVpy4CONxduez1x-2BAGRkql8h2LyNhSo9Fh6asJ9ROzZgdGZqCYONziwc-3D" st=
yle=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-decora=
tion: none; color: black; padding-left: 3px" target=3D"_blank" universal=3D=
"true"> Read the full Q&amp;A<img src=3D"https://fonts.pitchbook.com/newsle=
tter/arrow-right.png" width=3D"24" height=3D"24" style=3D"vertical-align: m=
iddle; margin-left: 8px;"> </a></td>
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                              <td style=3D"height: 25px; line-height: 25px;=
"></td>
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                         <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
">
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                             <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>
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                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
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                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWFF7U86hMYODbl=
VRDapeNYFPr7j1hDp1fD2Ga4dgbZw-3D-3D8siT_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxB=
RFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSes=
klUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5=
fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-=
2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjhT0SQu3ZiMZuRIMNH4qne=
Lh3c1LvNuMFK2ffelRS0jnQ8rgqwoVL2zJGvHorvGvwIPNVNDOK0lmlor462c0yzaRHPHE-2FgK=
SJv4wsy5FgmQ4d-2F5FHXc6rYQb6QhZVadlr7-2Bz8W-2BncnyxxFiqmwK0uFvoHHKCYYiIGqPm=
nMQzWKbEU1AMFx-2FDI-2F0xgzKgaeZnc396tlAqVFrQZNs7cbHxHdlCWnQMYWQ3ep5CetuHxC0=
-2FgWwXP55k1Z4qOV5YReKM8M-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Fund-of-funds doing secondaries adds conflict on top of conflict<=
/a></b></td>
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                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
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                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Side Letters</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma=
rt reads that caught our eye.</i><br><br>
                               =E2=80=A2 <b>When PE meets the Pentagon.</b>=
 See how former Cerberus Capital Management CEO Steve Feinberg is treating =
defense contractors like portfolio companies of the Pentagon. [<a href=3D"h=
ttps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIr=
f6GFa-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNsiYkpmWCVSZdtAKYMIarpg-3D-3DD7=
lp_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNR=
rKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXB=
ZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xY=
Ou8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJ=
JmSPFBgRALEp5m2Jjj5L0MQc69ATmwSRhM3ITdWw9xX2dhkCTqUosPeozvIrv1v0ZhIDGl0tVdM=
ywK4U4gxxa-2ByOqgTBD5XnTWtpdA3hA5xyvjhP-2BKJ99bmbru-2BVl6TvndFKbQlgB9osiWDV=
Z3oVWX4pN4zX6TFDsiyQQwpTDreu-2F4-2FsZFcjMCdf8MVAQXbweI0UIREajeT7vXwhlZInBYY=
ZZewVjjyQSruLN7U45haPZ8mpMAvHbSP8r4XqTUYUW0f8kxrIPBB3DSnZMA-3D" style=3D"co=
lor: #1D5080;" test=3D"">The Wall Street Journal</a>]<br><br>
                               =E2=80=A2 <b>Turning off the wayback machine=
</b> might be one of the only options for news outlets not wanting AI compa=
nies to train their models on old articles. [<a href=3D"https://url6380.new=
s.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn=
swouzWWFF7U86hMYODblVRDapeNgSAASy89lMwd-2B85xikVncw-3D-3Dsaxj_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtx=
HDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dP=
ef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOI=
O0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2J=
jiXJEIa53R5UbM6nfCPRmXgRMGGMHRr2p3TUzKJQ0R-2FPrl7We2ooQvFFrjeO5vhxDVAJlISVz=
f6VdFllP0UJenGC5dOnYdxbq376n8VDN9TSRNhaqeOicPrJkVhpqR3-2ByDFXBxFdFDiTZNeJuq=
QgxzfvoQXJdUAjkqM5kCNgKqq3Uzt1wqQ-2Bp2-2BHeEcOX21gqumNVX3hGyDg7Q9QI6-2BthhH=
3vOkX7gVAtz7ovVbRl3TKWmVHOP7d0G-2FGuXAStkB1GQ-3D" style=3D"color: #1D5080;"=
 test=3D"">Fortune</a>]<br><br>
                               =E2=80=A2 <b>Your DNA is probably mutating r=
ight now.</b> Spontaneous genetic mutations that occur throughout life and =
can cause a variety of chronic conditions could hold the key to anti-aging =
science. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001=
.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeN5IwTqC21=
znjJa0DLy-2FCwEA-3D-3DcYLH_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1=
yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2B=
p5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5Oye=
IDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2Fj=
bnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjg7oTDo3-2FlNPDBWYrCV9Z7ynwaFty2t0C=
2l0zewb2co-2Bo8o3idXaJ7bcSe6h4LeUBY8YPAdWAxUCfLaituBPHiEUJnn-2B5slXfdC2oqXx=
sDcWL9bzeGBJe3kEi7mWsWbR8wmmG-2FMNfq1bdL54lhuikqbPVI9B8Oi12OjXqevb8-2FzRLdS=
YoEq8xwnCJZZNrZqTDBJT8EyuE724sZbEhxQ0pDJuDGYsDiBCp-2BULVN65E0-2FrMCdPlT1SaG=
EyFYmxDwMK1Q-3D" style=3D"color: #1D5080;" test=3D"">The Atlantic</a>]</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td>
                  <table lang=3D"x-counts" cellpadding=3D"0" cellspacing=3D=
"0" border=3D"0" width=3D"100%" style=3D"background-color: #051C38;  min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 5px; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-counts-title" cellpadding=3D"0" cell=
spacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td align=3D"center" style=3D"font-family: Roboto,=
 Arial, sans-serif; font-weight: 700;
                                        font-size: 14px; line-height: 27px;=
 color: white; padding-top: 26px; padding-bottom: 37.3px; white-space: nowr=
ap;">Since yesterday, the PitchBook Platform added:</td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%; t=
able-layout: fixed;">
                           <tbody>
                            <tr>
                             <td style=3D"display: inline-block; width: 25%=
; min-width: 25%;
                                                    text-align: center; flo=
at: left;">
                              <div class=3D"outlook-caption-override" style=
=3D"float: none; font-family: Roboto, Arial, sans-serif;
                                                    color: white; font-weig=
ht: 800; font-size: 26px; line-height: 24px; padding: 5px 0 5px 0;">
                              687
                              </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;">
                              2114
                              </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;">
                              1065
                              </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;">
                              18
                              </div>
                              <div class=3D"count-type" style=3D"float: non=
e; font-family: Roboto, Arial, sans-serif;
                                                         color: white; font=
-size: 12px; line-height: 24px;
                                                         padding: 2px 8px 0=
 8px; -webkit-text-size-adjust: 100%;">
                              Funds
                              </div></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td>
                          <table lang=3D"x-counts-btn" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                           <tbody>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                            <tr>
                             <td align=3D"center" style=3D"padding-bottom: =
13.3px;">  <a href=3D"ht=
tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf=
6GFa-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeN5x-2Fp93iegObCvvFs0D0iQw-3D-3DT=
DxK_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCN=
RrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjX=
BZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8x=
YOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVj=
JJmSPFBgRALEp5m2Jjj2f5x-2FNwbW57Fps8MbWlK7tlpg3nQhrgyuhl7FYOJrqzJFoCbT26NaW=
2isxp5iqnOXOg6BhQsZbJRIxMLhouhrbwKxz83qd4S7P26gAU1TgHPf9auri1qySJMMUWk6PyAZ=
eMCyhWJ5dONHI91WvB7Qz8pO5r4f6CrV9zjkUAp5CuDjeBTbau-2FaulJeqgHHN1Xe6dywk1Yx2=
Qkwec13crdzBWGNMXVkvPyD4TvLQEpTtFAMQYW7mLYj-2BlTP-2BxagxoE-3D" target=3D"_b=
lank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;
                                                          width: 150px;
                                                          mso-hide: all;"> =
Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_579864" id=3D"n_579864" 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: 2017 Vint=
age Global Funds-of-Funds </span></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table cellpadding=3D"0" cellspacing=3D"0" lang=
=3D"x-benchmark" style=3D"font-size: 16px; color: #78766F; padding-bottom: =
10px; min-width: 100%;" width=3D"100%">
                           <tbody>
                            <tr>
                             <td style=3D"font-size: 16px; font-weight: 700=
; font-family: Roboto, Arial, sans-serif; color: #000000; padding-bottom: 1=
0px;">Median IRR</td>
                            </tr>
                            <tr>
                             <td style=3D"padding: 0 0 20px 0;">
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-irr-chart-line" style=3D"width: 78.03814713896458%; mi=
n-width: 78.03814713896458%; max-width: 78.03814713896458%; background-colo=
r: #1D5080;">
                              <tbody>
                              <tr>
                              <td align=3D"right" style=3D"padding: 0 4px 0=
 0; height: 20px; width: 100%; font-size: 12px; font-family: Roboto, Arial,=
 sans-serif; font-weight: bold; color: #fff;" valign=3D"middle">14.32%</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">18.35%</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;">
                              0.47x
                              </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=
swouzWWFF7U86hMYODblVRDapeNavQdShxVxNyDDjamvbLNBQ-3D-3DQN_p_I3w5d9c01gkD8gL=
zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHD=
vwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef=
3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0=
NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jji=
suIJX48y4CHW8v6J5Ba5MhNc8fU3y5Wwz8ndUDHcD4ewAx4J8rvPz4xKp3srl5lLwDfyJ0ureYw=
45q0ZO0PfhJ-2BjeC88K-2Fe6sz-2BxW-2Fal-2BOm9l0vXPYHjZydhXH4TGCvaXilu-2BhdSbw=
O15HAcm8bt1no58TUoj3koYQIn4HDLb1Uq575NAVxS3SiGNjmQLimtRrNljLow4L3U92cmHGyni=
wicp9uSPfgAfbwMvvokjHGWyyygzbX9DABJerLo-2FF08-3D" style=3D"font-size: 14px;=
 line-height: 24px; color: #1D5080;" universal=3D"true">Top Tier Venture Ve=
locity Fund 2 </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=
swouzUcdtgkk3zRE4VbDlAvw07VRduCboUH2Q-2BOizS-2BIQUrag-3D-3DW2DI_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BH=
txHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021=
dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusr=
OIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m=
2JjgEr-2BL7ZfiiOcD2tAL7SOR0Tnd6BZEAzLYYMMmrtmTxR29O32xKXY5BNyNZKIO05kPY3hEJ=
EXsYWJx3iIBMaxtA3klT5h3EutYRCIcWRLwz9Fn8SKe7n34XmlhDI-2FPJo-2FPx6fGy2KwW4uE=
1mb1kVqapHIRC7p1bd-2F60VOx-2BdS-2BQyEw7NweJ7B08JGLCK2ZMLvwJZ-2FoIN74c1m7O9H=
KJTLAcTyv4JXQ6Z6sPysS-2FKyt-2BsLcnNwfD9-2BGm31ejPT1H6nw-3D" style=3D"font-s=
ize: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">HighVista=
 Private Equity VII </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=
swouzUcdtgkk3zRE4VbDlAvw07VwUxOaF-2FiB7B-2Fp6Xechyndg-3D-3D8W86_I3w5d9c01gk=
D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BH=
txHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021=
dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusr=
OIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m=
2JjjBZp-2BiJ241d2mI0Pvx-2BtLIb1-2F0CdAzf4lKuJNpV-2FvhHc9atYoHCCYkwKOt5tsHa8=
s1zZzXWqHGiMqcc3dibkjgBtFmBpfXZ-2Bxm1rpBoZkTlUEUTvSN4rOoh1dxnMsrue6B1rES3Qq=
mAxEch1owzR9Tir8FGwv-2FkTi-2BpfuPTmxOgdI7KhXv1UKMzR4hTjA4Mbf5WIg-2Fg56zJ3tE=
SOVpep4huj8qe2ySt-2BQ3YjP2orsvhVHwswdUx9CAwJkFCM63f7Q-3D" style=3D"font-siz=
e: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">BPEA 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-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07Ve4yAKt=
IpROyszVgBF-2FC1tw-3D-3DU1gk_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3=
t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-=
2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5O=
yeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2=
FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjimAz-2FZ8RjaDp6SR5wHT9YTZjxEZTtf=
kCbblUR4xoj0Fr1aO0KIjIJ2njNYyWLS092-2BcCjk9fri0DNl9L2f59bTasEMVhQD6bSku7m5j=
Gpw51sVSB73Vi8W3bHnmlNXqmtdMTLbV2Baw-2BZeNiThNH6sm4U58gwRddtkKhT221qNWQprwZ=
hE5KBOegFr8RhA9PIOutgB2Eh23nXCCtnlw8fP95-2F45ZMiyqHYwnLX-2F8u5AOHzLr8kwYCp0=
eTu1JwT5WM-3D" style=3D"font-family: Roboto, Arial, sans-serif; color: #1D5=
080; font-size: 14px; font-weight: 700; line-height: 24px;" universal=3D"tr=
ue">46 Funds in Benchmark&nbsp;=C2=BB </a></td>
                            </tr>
                           </tbody>
                          </table>
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check =
out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/=
uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcdtgkk=
3zRE4VbDlAvw07VCUnUmMYZaVSdp0YcSHwpXQ-3D-3D93YW_I3w5d9c01gkD8gLzFEofZR-2Bh6=
VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijd=
Do-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8d=
ZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGI=
rfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjjCqwdM3sfG9gT=
L-2FDj9-2F6qNF3AKPIhqXZO91BpVme3smP3ksqpLW0JWpJVgeKtzmBxaWJVkKpo7rYunHGwXlM=
OTmUqT8NdjY2Vuxkt3oPq6-2F6KxSOZrKI5uO4NNVC9I3DMYZV-2FTBlxfwvsY3TTVeJIH-2BOj=
R4VyaxO66sBq77pzl0CRNwqTXNnV9C27j9p7F2R7v-2FqjsCcDK3sNFBmfO8d1O0UMmHmOYYn4U=
ncNiMiAZp6fU04N8MXxL7QAz2pexrsM-3D" style=3D"color: #1D5080;" test=3D"" uni=
versal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <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-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07V-2BZynv3BZCGcWXoeyTsl5Zg-3D-3Dn=
v5b_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCN=
RrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjX=
BZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8x=
YOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVj=
JJmSPFBgRALEp5m2Jji0QsN2Q38wf0QrsHoazFk1qGmKCwidHnV-2FAVdWZG7CTgkSsSBORcTb1=
gXnOLBvU4y64aB3D9lkjOs2iCqTtFrTJzSOr3xqTkI3hl0HgXC7C-2BDCiyzQP0-2FzuQA3o-2B=
b-2BP76TL9ep7ffwklugh44E4thG5cEsXmzOVCtZnUHzmgo-2FGgsW6fO-2B3LKVIcU7ty39-2F=
zcO8nrudohsjfrT3qFN8yz4gBYOLkstsdsBRy4kQhSZoxEeppNY6ZRHBxkgF8or57Q-3D"><img=
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                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>VC Deals</span></td>
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>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Mexico=
-based fintech <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAv=
w07VJBCoUt6cbFGJXn0YGxr-2FaQ-3D-3DOKHB_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBR=
FCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesk=
lUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5f=
uQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2=
ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjj8wMCpsI2jFCLb-2FLVzym=
lWqkG30O6yL-2BPS2fPBdo1SQdxUAHzkioV2kYsk6Qc6fjdilkzklQDtI7D2zyQuW4cLG3zq9oK=
RhExlPn6RJIjiXK2b7chzJvFBtNOFwj2XSCptwdVy1DZCAWwCQL0XgbbOG-2FRmLW2TACorT9Nf=
pwup-2FWw3OXfw92CywsGEER8yrwu043mXR-2FWG-2Fb1qQ-2BO5LDNeksaPGrhWBZSBhyawAQP=
4tIQ1au8Fky8FzwuiK9gZ3PU-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">Plata</a></b> raised a $405 million Series C led by <b>Bicycle Ca=
pital</b> at a $5 billion valuation.<br><br>
                               Mobility tech startup <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07VjqIBj5bE2iEz5t06f65kag-3D-3DvpXh_=
I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKd=
cdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDW=
Vdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8=
PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmS=
PFBgRALEp5m2Jjj29Nc6zsP2xuObPVjhlgRquDw24Vzpp1kr6u-2BUvI7-2FmPDErt-2FIbxI4l=
6Xn9si5UR-2FWV1JU2G9YXr9pM8xoilCL-2F6P01KuOC44MmyLryyQuKt7rwklky-2FJdzLJyVM=
j4eDa088XsjtpDJT2mbOkMxA5n4O2eX3-2FFBQnLj0010ckr5BYry4ZiG9h-2BwJFky78M4aYF-=
2FetqCoyqlePYwLXyObHBW7TLNjXzx5sXYXJ2bTPPtZnbeUDbnFli-2BMWaXQkDBOg-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Glydways</a></b>, which =
is developing autonomous urban transportation networks, secured a $170 mill=
ion Series C led by <b>Suzuki Motor Corporation</b>, <b>ACS Group</b> and <=
b>Khosla Ventures</b>.<br><br>
                               Banking platform developer <b><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07VE22pBkm-2F82iPSIMZZCsoEg-3D-=
3DBGEr_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
ZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3T=
UjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2=
F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVE=
tVjJJmSPFBgRALEp5m2JjgZ5BAl7VrUC11R-2BEqsPw-2F-2FVqgxpqxB22dP0cVpQzV9zW2u0W=
0KZVR-2FJ7nLry-2BL4GAKdn5VJSiD1fOhZwLkiq3pcgeDEgOt-2FTZX97MfltdSAyzfqzRQZPt=
-2BM70X511s6xw0Yk65RqGUMN8ET6BMYjCOSFEhLAhJ6j59Y6qOpTa-2F0d-2ByCYXIoHBUlOK4=
dQR-2FJVPra4p-2Brnw9Xy1JK1GvD6Z2mmP0LdjvDgSMdengnRGU0KssiVjzcD4516Ypbvaozck=
-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Slash Financial=
</a></b> raised a $100 million Series C led by <b>Ribbit Capital</b> at a $=
1.4 billion valuation.<br><br><b><a href=3D"https://url6380.news.pitchbook.=
com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcd=
tgkk3zRE4VbDlAvw07VmU1BXYM4S7eRZU-2F0y0uymQ-3D-3Dm2e3_I3w5d9c01gkD8gLzFEofZ=
R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8W=
akUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FP=
uwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfk=
UFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjiIpQFCI=
7TmqvA68MfzTfETFBe-2B5-2F2elXtaYrsaBNFaj40orJ-2FHggr5-2Bw-2Fef0ospe1WCkuvmN=
NWwcJxK-2FLJK4ZHlZKJV9ezn-2FOuDf-2BbLtvdwPQWSjZ6ySV-2BXVXqW5435X7GUe9RAiW33=
Zvj78M8ElsgNmQp1hNsZZaVbLtKKkF-2BDBSN45dJpuvw3qSJuKXodWjsFb5AO3u8ovfRH9jsq1=
BQdtFfwQZzymIYScfq0SsSaFrLZtAfmfhjX20zYfff1Yk-3D" style=3D"color: #1D5080;"=
 test=3D"" universal=3D"true">Mazama Energy</a></b>, a geothermal energy st=
artup, is raising a $100 million round, Axios reported.<br><br><b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07Vn4IM75sjIxTfFVqk43Cgw=
A-3D-3DqKsv_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiW=
tGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJ=
SMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNd=
LrSVEtVjJJmSPFBgRALEp5m2JjimnSOrPX9sX6XbPZXtvKVAUv9SmjkLWIU2OZ2FnE6hQ-2FRCE=
97EIfpdfHdrfGPbMhfdL1AmllDz7HRc5uJmTRCKI7DihibLn-2B4J-2FDc44dADyxdYjZUovDHo=
WrAfq7CiqKQosmcvDytxNuJ0sn9NDBHKXcqDO2z2w4XqFGO0ELwuunU-2F8pddxun0grpk58etq=
SFFxlT59-2FgXF4Ri6mX0qSe7uP82ekvy6ynCJdVsEuGu6LqT-2Bv9Fs0Z5hsPkY8420Ts-3D" =
style=3D"color: #1D5080;" test=3D"" universal=3D"true">Wealth.com</a></b>, =
the developer of an estate and tax planning platform, received $65 million =
in a Series B from investors including <b>Titanium Ventures</b>, <b>Pruven =
Capital</b> and <b>The K Fund</b>.<br><br>
                               London-based autonomous driving startup <b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP-2BtTmUYhZL0s7Un1DuJXaqH=
fXjOW9rfA-3D-3DCQBl_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYE=
VQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmf=
PHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV=
7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjgyVIf9UN2gQVCow0dusW2u6T-2FWqGHCx9ktZqOuc=
7chDfY86kRN6cl9jfsDBWkmRzCROvOererBjooTPI2It7jAxkvOuLRx8XFyZ8IzTNwU2vFgFEme=
1KHJyTql85wFm6kQenImSlV7xmJHlG6lWXCS8gW3T3EHOV8yGpv9QUsgn1t1N-2BoNGDbpA6s7C=
yXsnyL-2BeS7G9mNerDdUyW1W93qi4piHmaeAQKxyE8un1pSo-2FJsrgKRXxNiHcAi29xP2BJU-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Wayve</a></b> ra=
ised $60 million from <b>AMD</b>, <b>Arm</b> and <b>Qualcomm Ventures</b>.<=
br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3D=
u001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP-2BtTmUYhZLWv=
-2BD8SJX5m-2BFZwLY7gv4Dw-3D-3DYiAq_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfm=
zy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbR=
mpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQpl=
Uv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs=
3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjj9DIp4Em3eCx8eNqmkYRdSWtln=
1Ex9eBIEvpe5B2x4wK-2Bqaob8pFIdl1vMcYJdA75svmikCBrIpj91x1pOoQsO2b-2BEfNipePm=
CSukZA8-2FVKHW9Z86D6-2F3fWB6RGXrS-2FCAF88VaoyT7mzzY7jyRy22dqcXObx539uw34qtP=
xkc3nJ-2FlYX0-2F4eBW9xvmA1o7WofdcSgVpXePBjoj96EAtmnDhbXQNgjPtQac727IE0hoGjI=
9l7wbCFnvjO0lNfhPByw-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">Storm Therapeutics</a></b>, a UK-based developer of cancer therapies, =
received a $56 million Series C from investors including <b>M Ventures</b>,=
 <b>Pfizer Ventures</b> and <b>Taiho Ventures</b>.<br><br><b><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP-2BtTmUYhZLiiZbiiPu5uVoi6mJdYAnwQ-3D-=
3DPEia_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF=
ZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3T=
UjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2=
F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVE=
tVjJJmSPFBgRALEp5m2JjhJj1IbNe4Hvz38nAceVp2CUAdQqDPlP8wRcFIARgATfkwYV7LpbOPN=
Pigsh-2FVN5-2BpVVNzEv7F9B7bQLHFJNoxyvxDpdd2PrhPRu6J2hLTyXWfI8Vf5gIDq29NtZuV=
24Wk-2F1c6Gf1N8IRxyYMQuP-2BMMP8unA1mNYhQpcVrSQMSeRoPOqz8-2BzP3C-2FFJw-2BiNe=
EIPqZEFE1fvkdNUXw15tVgzmIiQkt-2BJcR3g2J0Wo9STRJICOSwXRY-2Byr-2BCpMfftTWAM-3=
D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Expo</a></b>, the=
 developer of an open-source framework for app development, raised a $45 mi=
llion Series B led by <b>Georgian</b>.<br><br><b><a href=3D"https://url6380=
.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq=
M7ONnvsnswouzXlHu0pc15g3bP-2BtTmUYhZLRmZJBqvCDL82jTcBNWsltQ-3D-3DZnoF_I3w5d=
9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsF=
Fr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3v=
xlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZ=
SiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgR=
ALEp5m2JjhBqDGC3fdjD0dPEb76R1H-2F4Ct8a9ZZAS-2B-2B7-2BOcq2gT9F5lDk0kgZnYKOAc=
d98DoCR0No-2FZSnofsrYp9mk71JtPaVrf3K8yZFQ-2BdH0lvR-2Fpz1KGvrU6w8NlXmgk5IY9V=
N-2Binx5NFzzm-2B32IoS65RYVb-2BwVQdbmVgXwu-2FxW1gZUZXTb8Co4RLfVR1NY-2FxsMGum=
Ya-2F8oxsKYuxqymbUNx76xs84I-2B1TJkGds4uXEP4YqlETPQ9P62Tu61iUKpzukpS6g-3D" s=
tyle=3D"color: #1D5080;" test=3D"" universal=3D"true">Resolve AI</a></b>, a=
 startup specializing in running and operating software in production, secu=
red a $40 million Series A extension led by <b>DST Global</b> and <b>Salesf=
orce Ventures</b> at a $1.5 billion valuation.<br><br>
                               London-based AI learning platform provider <=
b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n=
73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP-2BtTmUYhZL4npj2QHF02=
Tcs5HzQvD3vw-3D-3DZSE0_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbc=
bdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9=
pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJ=
gmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhP=
yuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjixbynaiFUUG6SCm3YIH6R0OsFKFywXcrMVPCsN=
IYc6mK4cDD2oUEAtz8nxsAi-2BOoI-2BdwYo4j9gYrYaFS716Su3jITrdj5TnHADrhmGALKZcjU=
cAKUJuRJKZT-2FUSRIW0CGgeXlS52LkYiYO6A7FGVcM27lW1B7b65C0LPTlFCz1h9L1DlXMqI-2=
FjzyKCH3QzFLpdJBunAcXIz8af7j2hSSS4OU90enRoMIPv-2B0oCKOIm0RaYZ5-2FwffSgNZx4v=
wkYuwI-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Gizmo</a>=
</b> raised a $22 million Series A led by <b>Shine Capital</b>.<br><br><b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP-2BtTmUYhZL9hP4aoWnmttKu=
lvQZWc7kQ-3D-3DJ-7h_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYE=
VQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmf=
PHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV=
7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjg0xLyCr72ybpIXxYkTOTrcktqgQfcrN-2Bp9SzSJ9=
L84wtf9oTTm2TVZtasPCZ5sFsToCdWX7yA2RRwN-2FyGCuWHbqsoQW17UW9PxB40GzGAlHM3tRV=
Q9xTUaVhs97UShnYGQuclMwBGA80tSklRJHagtvoma8l-2Fq2nSQpbnmleKGMHBRoJl0cGQqVvr=
WbrulCuesMaNTgpReBrF1N-2BhnlRcyURtpslXh-2F-2BxxgzjPLBOg2KV2c3ExtJVsjHIeYDIy=
IRA-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Spektr</a></=
b>, a Copenhagen-based developer of AI agents for compliance in financial s=
ervices, secured a $20 million Series A led by <b>NEA</b>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>PE Deals</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP-2BtTmUYhZLp2aAuDlaI-2FTFF=
dBGFoRcPQ-3D-3Dj20z_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYE=
VQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmf=
PHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV=
7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjiLdJj8-2Bs9VouSSmy2K6yNZOy-2BfXqa0-2FGwVZ=
4nboLomqzn4UmJgvi9cNf-2BmHA0qCRVvlQ9uaKKnlm2tGLZNnGWgggRcyjZxmjpPd8VCRpGjhL=
JHXbZiiNEoeQSZY4wHsIgcuUbCv6fQ7h25oIoaN9YDaPL-2BPDs7dq1d-2BCwk93PSuNtRKz-2B=
FncKPdsNUqPXgkiPzBXnMm29IyvhDWuhbQicDNkVsAJfH0LFUDFi04fnHp541XlbFIs-2Bagzea=
4GNXQ6U-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Intertek=
</a></b>, a London-listed testing and inspection company, rejected a takeov=
er bid from <b>EQT</b> that valued the company at =C2=A39.3 billion.<br><br=
><b>NovaQuest Capital Management</b>-backed <b>Grunenthal</b> and <b>Sun Ph=
armaceuticals</b> are considering an acquisition of NYSE-listed women's hea=
lth company <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?u=
pn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP-2BtTmUY=
hZLCOM9yvDuSZutsvZvn4zw-2Bg-3D-3DDg04_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRF=
Cfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSeskl=
UbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fu=
QplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2B=
yXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjiniewZxSf0QuyHyXg2IlO5f=
DPyRwueJjhioy4k7dfahxUdVOvkE7qnDWiHKYoeDQCS9mo928n3oxViUD1xwk28t1YZponQ40B7=
TQPYavsAIVftnioU5C1AWa-2BV1uEblCh3Eo8-2Fvyy57jR6ZHHs-2BEkVxx4rpsRkpfddGf4ka=
DgkXVa6skVMkkp7Sr8amZLKT8SfFniVZ9UpiJzwEVBNpUvqdGakEOxwfiyETB-2BlMLnzFK3K5B=
IIfoR203yPU18IF-2FQ-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Organon</a></b>, Bloomberg reported.<br><br>
                               Abu Dhabi-based <b>Emirates International In=
vestment Co.</b> agreed to acquire a minority stake in <b>General Atlantic<=
/b>-owned <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=
=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP-2BtTmUYhZ=
LlhBG1-2FI4OtljJwz9X8tsaw-3D-3D41uD_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf=
mzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUb=
RmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQp=
lUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByX=
s3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjiWl-2FT-2FAgdH8XADKGnQTNN=
lzXX17hjVSY2Me2H-2FBTp-2Bktyr6NhtSOJUhk83Qfx8UzB7R9lhlBsGZd7w8otY-2BMcFKmUn=
xeD-2BMLrevtnpaeu9DJ-2Bsxx9JZaGo8gssOu6ojSH6YLBPFDoNDpvysn8Ao9KCB-2FOEdyfEF=
IKXQO8Sk-2BCU-2BTVwENDsGWOcMq7dDLmlahVWmJ3Rh9lx6EUayZakr4Vmei0nwhkQiCiH2620=
yfx262DVLHr3xTsJ8xTTA9emy8E-3D" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Joe &amp; the Juice</a></b> at a $1.8 billion valuation, Bloomb=
erg reported.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/l=
s/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3b=
P-2BtTmUYhZL3l3pMNfsEuRvxpgF08bFtQ-3D-3DOC76_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa=
rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-=
2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsT=
ApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfn=
Afw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjgHCTMu14QuPLQVG8=
jew9SJLtgGzS5AyK93iEPz1gdhcoAnMtxheXSZ4NmRvsOzfwSJB9pOIAiHCZVJ50i4-2FexKxWb=
mXMD2Uj3nMqViiwfleqjdanIxpnvkjLhupHx3qydfxN-2FAQjltcjLm4elQJoQ5aTe5MtOgY57R=
Bn8BvDMVagZ3jY1hh5lf1dt1n6ZPFHL5cykV2SqJGNYaQKfvBsN91HdM0I1irmDqUqxqme8LYhl=
fHSM4tjjysGMcAfUOAwY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"t=
rue">I Squared Capital</a></b> acquired $650 million worth of <b>natural ga=
s storage assets</b> from NYSE-listed <b>Spire</b>.<br><br><b>KKR</b> and <=
b>Apollo Global Management</b> are considering a bid for <b><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCGe-2BOAapY-2BdKduF5BjLYuVYQ-3D=
-3Dg73e_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs=
FZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3=
TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-=
2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSV=
EtVjJJmSPFBgRALEp5m2JjjdPeNcSj92TQemc80a59HighADIpOFqAc4sX-2FMMSU-2FfhVHTzp=
5p9ka-2FB8Nu-2FHo92QgzQMlNxigMjMz4-2BHUwjSaLS-2BCIRRX-2Bo7wn9ARzsCr7v9PxZPq=
Fqm51yZ2jSHYjlPEmr8oa160mlj2KIYzqfYyGc2IJf42d8vuutwiAf7odfQ-2BjcFtnzdpcqHjC=
I6fUBeFHY-2FSa85kE6deUXSlDclbFuiRbRs53-2FwdBF9oLx3bjCTy82zsFUChMIJoOjMbee0-=
3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Logoplaste</a></=
b>, a Portuguese packaging maker, Bloomberg reported.<br><br><b>Charterhous=
e Capital Partners</b> acquired <b><a href=3D"https://url6380.news.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzV=
p2qM1fr4dAS6Rse34fWCGizsaGT4vs3W-2FgJ8uasD-2FYw-3D-3DnRDi_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvw=
hh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3O=
e2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NV=
RJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjiV0=
vguGjQERqghsFcV-2ByyqHW9QuWXjMak8lhnf2Ss4FTcNOLjpgxV59KN6ali110zRZgTYvVJ8li=
VqkkYAtOZ2GM0LUFwAR1oRaqhewgFJ1cw6xOvZf1cvrW4XTisk6S0UGFIcQX1mkIOqhn3yXplSp=
FbLkOIwCdwu-2FSTkAgkfiUPxCRk66ZCo726IuNM7ZdfVn1S6s-2FvM4hoGN-2BXrux2d8zwn1x=
Kv9C-2FEiRvpZXNa2tKZQF1ZxFB-2FOPa5ryLpzeY-3D" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Animalcare Group</a></b>, a UK-based veterinary s=
ervices and pharmaceutical firm, for =C2=A3235.2 million.<br><br><b>Bd-capi=
tal</b> invested in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls=
/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6=
Rse34fWCG6b7vdU9lESnT5J1Zuy6qzg-3D-3D-dgi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk=
xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FS=
esklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApd=
D5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw=
0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjheGgk46GK-2Ft7ywxON=
MKqbJ4D0nv4Ly5zdc1VUmr1OPAf-2BAXnFl5IGoE82uiBF71-2F0DaStpGfFab4vpXQoNX00AbA=
5t0x7AD9e53N2iUv67DSyq-2BeHELPjvy6dfrvoJoEXTBmk4o1WThOGHhgXdWvHkEtGExtRrTR3=
HCNvXfcBiHX33Xgf1Shgh41noK4vwVSsmMhjr3Ew-2F4S5amVV0Qc2vyL7hj0VGSxOKH9ht3ovi=
WN21OuiCWiQ6O504N0Xtjxg-3D" style=3D"color: #1D5080;" test=3D"" universal=
=3D"true">IBA Group</a></b>, a British aviation data business.<br><br><b>Fu=
ture Business Partnership</b> bought a majority stake in <b><a href=3D"http=
s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI=
rf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCGfPiJxASGEPeqRHAI-2FXggyg-3D-3=
DnmMz_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZ=
CNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TU=
jXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F=
8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEt=
VjJJmSPFBgRALEp5m2JjjDO0q0-2Faz8LUqCogCXAs3QxM0PUV-2Bz7Ix8LcdWH8-2BxaFZRorc=
nn9JKGSNnw8ktRKm7O6iBgBUGlIrH0LasXSAbwhAegQMtXQH-2BxDYbG-2B31FWwXxTUAsnQ8tt=
lPVT1N1YlifWqql-2BLkUCLL7C-2FJMRSHS3au83-2BIoI5L93-2Bt4fn3RPtaRIFdNrsceguWh=
mc4dXbXtawUVj6UJoWn4e5ia0ikV6-2B6CrdVwMpTQ7DNW3DadGo7ZRKM7tXGCGwdWfdOlJc-3D=
" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Best.Energy</a></b=
>, a UK-based energy monitoring and measurement services provider.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Exits</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a =
href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX=
4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCG5E1sfNegqsPzWGPbb=
rEiWw-3D-3DIhTx_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF=
Va0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8u=
uBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-=
2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp=
6eNdLrSVEtVjJJmSPFBgRALEp5m2JjhK4naof-2Fl8e-2FPFAH3RxIDW4Wb-2FnMcCO00O3h-2F=
2pO3d6K5n68ApEsEyfVQ7Aa2LFVE9B-2B8qgiwueGKTtEJs1T9XbNWvUJSNKNiB18JvnkbKtEBC=
SvIYALM6lqX5ulAGHx8sKMNut4h2PafOhJAWe4y61KhlddkvijiKsEMObLemGjAW7Cdv3E-2Fc-=
2BAzYZm-2Bebak-2FeOSn9e26AusG-2BSsaXTOhRl9pngr7-2FbZyLmBQzdRjjuZExuOUw9QF1A=
qCcKolG1I-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">X-Ener=
gy</a></b>, a small-modular nuclear reactor company backed by <b>Amazon</b>=
 and <b>ARK Investment Management</b>, is targeting a $7.5 billion valuatio=
n in its IPO.<br><br>
                               AI customer intelligence company <b><a href=
=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy=
lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCGSwOiruQI4gz24TgVfxm0X=
w-3D-3DFMnL_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m=
8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiW=
tGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJ=
SMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNd=
LrSVEtVjJJmSPFBgRALEp5m2Jji1swmWheFPvCl5wdHuRRmmLXS-2FOCF0BQ3sw2cDbEiUK6Eki=
WmPPFVE8fDHwahwSCE5i3k2InkbxBBXSaQeKruIVkjbDX6Ix80Egoe3f9nSr3bIA2SxjY2Zh3cj=
W1PLEddj0piLRBtVKXgn6XsXsF17XrBvn3-2F6ymZ6Qlq6KRw4Ilz4SH-2FspqwPYvEgDAxlfFq=
EIB06dCIbu2AsdOPoh2fjpgncJaD-2FpURgqMJPOTvfZHyQsqpBTAHX2EXa3uDvm2U-3D" styl=
e=3D"color: #1D5080;" test=3D"" universal=3D"true">Resulticks</a></b>, whic=
h is backed by <b>Anicut Capital</b>, agreed to be acquired by Nasdaq-liste=
d <b>Diginex</b> in a $1.5 billion deal.<br><br><b>Arcline Investment Manag=
ement</b>-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse=
34fWCG5czoQtGXMURlvJ-2Bk-2BEDmaA-3D-3DPrkP_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarH=
kxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2F=
SesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTAp=
dD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAf=
w0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjgUvF3JftcTrjNWlgmf=
Q11GM1Du1U2U1rFnk75MWoGFSZyGOJxJW3slNS7slbM3SMTiERiE-2FTMoOI1Vf-2FiHwHo1Yk6=
JKPI-2BXo2d0k9c06SsJ3JcHIywmhpZID6YdpGTO6Jqo2M52b7dZvFvyx-2BVxtvD6IB78zJxXN=
vTIpJkzYTdWghNWVq3L02NpU9QYPMOqetp79mcbjlj9ASRBRHsnwct-2FW22c0gCMdUXgT-2Fm8=
iLnmjChpSPBYapUslTvxL1fGi4-3D" style=3D"color: #1D5080;" test=3D"" universa=
l=3D"true">Arxis</a></b>, an aerospace and defense parts manufacturer, rais=
ed $1.13 billion in its IPO.<br><br><b>Uranium Royalty</b> agreed to acquir=
e <b>Orion Resource Partners</b>-backed <b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzVp2qM1fr4dAS6Rse34fWCG7oFd8bVdMQ4RBKGEdzCY4A-3D-3D9UrH_I3w5d9c01gkD8=
gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtx=
HDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dP=
ef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOI=
O0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2J=
jifpnrO0DmVMmPaSfMWoZfYxu5hodV9KEtuixsonghFjCWMprWCdif7y0KQrX4jza11o8tuLVBl=
KlCC5RAlD4gAhC-2FZiqGm1vg33Y4qP2pSVq7iB61GRMaIJecvRAIneTMJTPBpRnFlqRM-2FALr=
iUsNPcHYZ81nVbwK0pmHmGtZg5W9fhhq01dWnGmLtGmhNk-2F1ejnt96rvtHE46jnZxjTvze-2B=
PDyReXmxWdTk1iZbKHRpWaQ3nP7zsUEEFphxusSPw-3D" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Sweetwater Royalties</a></b> in a $1.1 billion de=
al.<br><br><b>Sam Altman</b>-backed <b><a href=3D"https://url6380.news.pitc=
hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw=
ouzVp2qM1fr4dAS6Rse34fWCGLDJLsggZnQROL7u1c6zTgQ-3D-3DnlpF_I3w5d9c01gkD8gLzF=
EofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvw=
hh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3O=
e2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NV=
RJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjg6n=
fxab0yS94mYkufHTE9ZQmjCMLtC9jdqPZ9jUzOtdHDe6XFl2weH4yX6eeZ7xHPZQdB27U01-2Ba=
hMxovVpHyLVN8fnZB1uuleVTEYEPUOPc29drUBxpO0-2F66ftRU6H9OOu0jUUysaCMvfxt4z2GZ=
ShlsuTSLcd1uXYe2tI63TJLrBsEBsU-2FDHPdiuwmUN31Dtaf5xEc-2Bq9fsagXvaA-2Ft5Zl6O=
f-2BuFGQJZGZHNgYyhSECjK7SFqugkfyvZzdHoLro-3D" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Hypercard</a></b>, which focuses on expense manag=
ement and employee credit cards, agreed to be acquired by <b>American Expre=
ss</b>.<br><br><b>Northlane Capital Partners</b> is exploring a sale of pha=
rmaceutical consulting company <b><a href=3D"https://url6380.news.pitchbook=
.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVp=
2qM1fr4dAS6Rse34fWCGsaxVTbkUY8NbsPR3a-2BSk-2Bg-3D-3Dr5mV_I3w5d9c01gkD8gLzFE=
ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwh=
h8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe=
2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVR=
JfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjimmt=
OfZS4M1QhNHQyHSp6nQ2cVW6u6fs9mU8o3FReoIbo2ygqQAnWCAD2NLmA9-2BlG5JONJ1-2BRjG=
waYCfPx0f4Ctx-2BlbOsi1ANgJ-2FYrYWOnyAL8Y25RQzZjg-2BlSz-2FL-2Bvx07C-2FiNva-2=
BUJDH9m0GPz9JOJV2ckQb8W5yybQs2hrqJxUscBxnO8Vi7X626S4YM-2F5OeKZ2SJ2EeF16-2Fe=
dIAcTaa6cIaWtBdCqulLJJg-2F5D4XLwcoAbZCIpQbAroJtHixsc-3D" style=3D"color: #1=
D5080;" test=3D"" universal=3D"true">SAI MedPartners</a></b>, Axios reporte=
d.<br><br><b>Smile Invest</b> exited <b>4ITEGO Group</b>, a Belgium-based m=
anufacturing engineering software provider, to <b>MAIT Group</b>.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Fundraising</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table 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-2BaqM7ONnvsnswouzW-2BeZzfs6PmPKeF1hMfVVNtvHdkvinnOml8pY-=
2FNzWA0qA-3D-3DB_2K_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW=
eUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYE=
VQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmf=
PHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV=
7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2Jjh5BJL0gO3v-2Bcg6qL2TkMrN3TCBM4HoHNRiBwBxq=
ly4HkEs-2BOoDpMBNwMfd4IDatQ3WWG514yX5ULxozcQqRnnhGJ1CzgiZgz49Epjuqf7lDCP3It=
QmLQFGvXTMsaGWx1oDVUmesaTxwwWDe2o70KgoUR1-2BT-2F4E1bD-2BGD-2BSEC3y3KVshV0W0=
2I-2Bt2QAn9-2FZ3W8jBAqQM7z-2F6B0Cxmbbpco34Bwu8bWao82JbdAtu9iRkk5xsyPZj-2B6I=
ZBfAA7daECY-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Acce=
l</a></b> raised $5 billion for its latest funds, including $4 billion for =
a vehicle targeting late-stage investments.</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group-header" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;=
 min-width: 100%;">
                   <tbody>
                    <tr>
                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
                    color: black; font-weight: 800; font-size: 16px; text-a=
lign: left;"><span>Chart of the Day</span></td>
                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 0 20px 0 20px; ">
                          <table lang=3D"x-content-area" cellpadding=3D"0" =
cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%;
 ">
                           <tbody>
                            <tr>
                             <td>
                              <table lang=3D"x-content-area-top" cellpaddin=
g=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100=
%;">
                              <tbody>
                              <tr>
                              <td valign=3D"top">
                              <table lang=3D"x-image" cellpadding=3D"0" cel=
lspacing=3D"0" border=3D"0" align=3D"center">
                              <tbody>
                              <tr>
                              <td align=3D"center">
                              <table cellpadding=3D"0" cellspacing=3D"0" bo=
rder=3D"0" align=3D"center" style=3D"float: none;
 ">
                              <tbody>
                              <tr>
                              <td style=3D"text-align: center" align=3D"cen=
ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.=
d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2BeZzfs6PmPKeF1hMfVVNtvAQQocw=
p0yWKGHDup24lCw-3D-3DDHl9_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y=
ZbcbdWeUgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp=
5T9pYEVQ8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeI=
DBJgmfPHr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2Fjb=
nhPyuV7LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjhcG6A43QHsLaDALQHYGuuuFvxNGRvzP1voL=
zgOnaoCyLiMb-2Ff9egy5kpd-2FmYOAdEF9nF1oWqpO6rJIMa6CdGzZknuaVYHgblL3lTS-2BzE=
k0GAnjDI6DZzK8oT3nblibHDlGZ432pBIMt-2Fmi0sJooskpZeycOXPy4dqcTElnGZ3VK5WFIYJ=
ZzNYaPaDSGd7YyoPlWSsKyjNC9FvRP6I8pv17YmG0qrbWLFE13YhelJZ7zVi-2F0exZC2ycz9ZK=
cpG6CuE-3D" universal=3D"true">  <img src=3D"https://img.pitchbook.com/news=
/73798.png" align=3D"center" alt=3D"" style=3D"border: none; width: 100%; h=
eight: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">VCs haven=E2=80=99t b=
een shy about investing in unprofitable defense tech companies. Last quarte=
r saw the second-highest VC deal total on record in the industry, and much =
of which went to companies spending heavily. <br><br>
                               Source: <b><a test style=3D"color: #1D5080;"=
 href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73Br=
X4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzW-2BeZzfs6PmPKeF1hMfVVNtvAQQocwp0yWKGH=
Dup24lCw-3D-3Da6sE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe=
UgFVa0m8PzsFZCNRrKdcdrsFFr19BHtxHDvwhh8WakUijdDo-2FSesklUbRmpRyp-2Bp5T9pYEV=
Q8uuBiWtGV3TUjXBZDWVdj3vxlG021dPef3Oe2FPuwGJ8dZsTApdD5fuQplUv2L5OyeIDBJgmfP=
Hr-2FgJSMW-2F8xYOu8PXCrZSiRusrOIO0NVRJfkUFLjGIrfnAfw0-2ByXs3ly1-2FjbnhPyuV7=
LHp6eNdLrSVEtVjJJmSPFBgRALEp5m2JjhRPnhCpgkRf5mSmezoiGuTzqsR-2FEur53jtH8j4UY=
WwRDjL3yqDh71shc1KQH0VQSnkJCsrBDO3gtP3BFHOY7BlZhmKgTElbDTnnS8L4slEc-2FbbAnc=
eEaeIQWUSGANpO50HNipsTIoGdcWOKObARFV-2ByaRaq0mcEUs8tyspU0ovHkm-2Bw-2FA-2FjC=
7QxVSUusfECw-2FpqGjRM8J8WswmCfgG8U-2FNIVXT-2BggA3D5g67KNW8HWQihnUnU3eCs4onH=
8KxSAONA-3D" universal=3D"true">SpaceX isn=E2=80=99t the only defense tech =
IPO that VCs should care about</a></b></td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
               </tbody>
              </table></td>=20
             <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r=
ight" style=3D"padding-left: 20px;">
              <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce=
llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
               <tbody>
                <tr>
                 <td>
                  <table lang=3D"x-sidebar-block" width=3D"140" cellpadding=
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                   <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
">
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                        <tr>
                         <td style=3D"padding: 0;"></td>
                        </tr>
                        <tr>
                         <td style=3D"padding: 0; height: 20px; line-height=
: 20px;">&nbsp;</td>
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                   </tbody>
                  </table></td>
                </tr>
               </tbody>
              </table></td>
            </tr>
           </tbody>
          </table></td>
        </tr> =20
        <tr>
         <td>
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