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Envelope-to: vetyl@ponjosonek.com
Delivery-date: Fri, 17 Apr 2026 18:04:17 +0700
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Date: Fri, 17 Apr 2026 11:00:26 +0000 (UTC)
From: PitchBook News <news-noreply@news.pitchbook.com>
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Subject: The business of GPU preorders
To: vetyl@ponjosonek.com

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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:/=
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 the hunt for AI-designed drugs.</a></b><br><br>
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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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hXns-2Fo9kQg5pRWSvtWyNTpDfKfI6FCHA8tIQjr1-2Fc4SRV478jcDLX2RKU2njUkikGHb4uFe=
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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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i> <b><a test style=3D"color: #1D5080;" href=3D"https://url6380.news.pitchb=
ook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswou=
zWRB19PIxkE4uJWLD1NpUnajwUgi839vJSmnSdNPV-2BRQw-3D-3DuRag_Pr966knuaHmaw6c7p=
KvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuG=
xYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIX=
s9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2F=
C4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dS=
EfJDC3b0Q6W2boK6UTjDEQ92Dh04ODH4N0VUNSOrGdr-2Fdtl0SAXu5BGyuXab-2FIid-2Bokj-=
2FyvK6AlF8cWuWZNJ0O6W-2F6BDlbN8Cinqk4dkkuBWmPeHwFWRT5yJmJd-2F6CP-2BhE4CAeE9=
kWJGDn1pN1rvdKzeE4ib3UxYnp8iSWMHLS3qQ7ziLHynVbFvbK5FcFsdCZhCuTxhhBT7v-2B829=
cH0N8CA-2FMUEve7-2BSX149vyufWBjwlIvJyjZcLoB-2Bz0lUSxdMM2hj2zU-3D" universal=
=3D"true">Data center pile-in shows little concern about exits </a></b></td=
>
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                     <td style=3D"min-width: 20px; width: 20px;">&nbsp;</td=
>
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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
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 Arial, sans-serif; color: #78766F;">
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" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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 ">
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80=
=A2 <b>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=
86hMYODblVRDapeN66-2FLMu6HJNV132a3RxohQw-3D-3D1ysw_Pr966knuaHmaw6c7pKvB-2BC=
EiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-=
2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6A=
tijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatAR=
iXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b=
1PKAOxxueUD8k1lkRr7hUiuYTGRirWJwejdex1qPeLpJ9LnGEtmEyZya3oSdT3hI8uDYkiHK7eV=
B5gjQB7lBpj7mvvr-2BOjuG9uFILNQEWC-2BLY8SygIntPlGBqo1NJLeg5MJS2WTCsYEV47czGC=
oAQ7nnE8RNhvJ-2FmtaKhJB2VKZEs4VAEXKJOs0rZzhT7e7UDbDDLU-2BP1GWiwVC84MhFHmNdw=
ELBtbBt4uPnGKDZRa4-2FAArKD3C8lL2Huvmgz8th8-3D" style=3D"color: #1D5080;" te=
st=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-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNOxRE=
kfxCedJA8YZsNLtaHQ-3D-3DmYIx_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be=
6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144W=
Or4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFt=
ufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b2xpwGIxkGy1b8gGfJGLigk=
wsDajzkbg2OOVt4kA0kCfmhiz-2BKA5unj0RIx9vCGrrMuJ3TCBa104bAmft9VRG90WxNwbejeT=
JK1-2BMmr1QOmCUODIZGfscesjjo-2FhvtZqz7IsUX2BLu8tq6X2Zs1YQklA2bqcuqp7TTPBbfw=
Y5lMt9Xz4UwlbopSyKwjqet4u9hCtUA8cOmgQf9uus3Q0U9-2F6QwyWLzT9w-2FD8gfVtTT2CBC=
UxzbXquu50omqaYcsfn0-3D" 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-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNajFiEep0va2dzva2L3D=
Pgw-3D-3Dcuw3_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8U=
YA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-=
2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwik=
dXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6=
xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b0BAvEMulEfvoHgdkXY2wbgab2EDvcHHY-2Bog=
WwQHOW0wrcfwZlWW0rPU5PxNG4k72qv5-2Buzr9W2KHxJxElM-2BwkdE1H8l3N-2FjLj1FEP2LR=
v160WdAgvfydXHyfwYnpc3Vq-2FdNEjC0KqcOcNdN5tZohY5fYEaGg-2ByH3nbVbC0O-2BQLzc8=
OVR3xad8-2FVpBO0-2FrelLr8dypO-2BbXI-2FZd21L158FGHmfE2cnbQB4Iw3MsTR0gFr3VsD-=
2BTp3ihBo70nYlMaf5M-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue"><b>Find out more</b></a></td>
                              </tr>
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                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
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                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
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                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
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                         <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%;=
">
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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>
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                        </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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g=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100=
%;">
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lspacing=3D"0" border=3D"0" align=3D"center">
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rder=3D"0" align=3D"center" style=3D"float: none;
 ">
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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-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNMOeYFsL4k=
5b3lEQjOrjDAw-3D-3Dw4TM_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi=
2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yr=
YAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOg=
J-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b2EIthEM3Et2FR5nq2OrQgpp0Ugm=
nrojWOv-2BrZvyR7GMr21qyHZsG6vqOVpZMQdHjhWtaBCfu0FN-2BaJefkKAwfjPhYnO4NRj5C3=
XGtM0ZlNmaC8Bv1q5JsKJoXrFlDJZkJBYH15hoeKX1HmctYAf74pihoR8nr-2BNMog4MV-2Bzlx=
X3jmP5MdDsMYRNpBC6yLEuROISpuwrhFr9TMq2oMffr5cVfhn6do8CCfS0tTDOSS0tTF-2BQKm1=
p1WvtOqZXvTGxg0-3D" universal=3D"true">  <img src=3D"https://img.pitchbook.=
com/news/73806.png" align=3D"center" alt=3D"" style=3D"border: none; width:=
 100%; height: auto;">  </a></td>
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8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: =
27px; color: #78766F; text-align: right; font-weight: 300">(Jenna O'Malley/=
PitchBook News)</td>
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                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
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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>
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                           </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=
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ding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: =
100%;">
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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-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNMOeYFsL4k5b3lEQjOrjDAw-3D-3Db=
iga_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9sc=
bhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCG=
mVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2=
ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU=
-2F8BMj0EoL-2BIKRS9dSEfJDC3b1AYkZP09-2F8Pnssl3yzPhqECP-2B3en2khcqXCXWyfkEE2=
0fTf-2Fkmh0E2XFK7qx5QmnUBqYHOsE-2FR4jFkuRNs0oiErJaRI1LuabimH7YkT65Mc3cJ5a82=
59ZjYtuIyR9p3jMRm4ogSP9aTeRD7aNQEaJ4gxaR8GTnzhXSqIsUBwIfvzVriEhNQOKG3q57g1Y=
YGcONOWh-2FY0XwyfU9-2FE-2FXsXmNWUuv37CI-2BX7V-2BLlm-2Bf-2BHcFm9e84r2uf0MqBd=
yFh7H-2Bk-3D" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 1=
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nk" universal=3D"true"> Read the full Q&amp;A<img src=3D"https://fonts.pitc=
hbook.com/newsletter/arrow-right.png" width=3D"24" height=3D"24" style=3D"v=
ertical-align: middle; margin-left: 8px;"> </a></td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid=
th: 100%; min-width: 100%;    =20
">
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                              <table class=3D"" cellpadding=3D"0" cellspaci=
ng=3D"0" style=3D"width: 100%; min-width: 100%;
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                                                         border-bottom: 1px=
 solid #C3C3C3;
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 0;"></td>
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                          <table border=3D"0" cellpadding=3D"0" cellspacing=
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                              <table border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
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                              <td align=3D"left" style=3D"padding-bottom: 2=
0px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel=
ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWWFF7U86hMYODbl=
VRDapeNTRv96xhNkgtHcB30iT0f7g-3D-3D8mkm_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6=
Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2Fccuf=
ApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2Fy=
WeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b0cSH6AWfMZY=
n9qOvds64PPgmWVnLzZMgVPUNxduwynYIJXlsnoM3FIUD5oKjCQQDNg-2BB4uHffHgaAGJimXBp=
0pjfCQyajyrdNiWVijbVMMTul-2B3kLxmHu7m1HNQmJGpzbjWk8pws8s-2BhrTHg-2Fce0wX7dW=
C-2Bs4KME9O-2FTnRq9ZNpH0bxrr4HlQYDKscsoKVfZCtR3ldI7HGE8QeJmDh4xTklScR5fY1Io=
k0MxxUF6F-2FP9Mf-2F0kr2L4cq0WPGM1-2BbjE-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Fund-of-funds doing secondaries adds conflict on t=
op of conflict</a></b></td>
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ight: 6px; padding: 0; " colspan=3D"2"></td>
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                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </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-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNyqc1yzcOGdMB6Qwsj7vK1g-3D-3DNj=
I5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scb=
hl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGm=
VkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2t=
a6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-=
2F8BMj0EoL-2BIKRS9dSEfJDC3b1b361cgvckXodgujxvEJViY3JLZuGTassE4uPKZf6xmKltip=
DFjqDYlo-2Bg9ZO3UiZPYvYdVaozDDitzCdC0inI4eqf6uGaBZcr2iG5CALI6-2FkP5JnO-2BmA=
bXR4aCd54doJh2-2BbFXnUDGFugNwuPqTAx3OEfaNGLEI4RR18fXbxQkzSMBvB4DEi9V7FExlVU=
22wa7FPi4x-2BT9zE75QrvXaGntEfaevIU-2BQHSlzT2E-2BDHouUcLu-2BwXY7-2F55IqzDINA=
ug-3D" style=3D"color: #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=
swouzWWFF7U86hMYODblVRDapeNzSzJYhT1a6hbNXeqoMxLPQ-3D-3DgUil_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5i=
uGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wG=
IXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-=
2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9=
dSEfJDC3b191g23d7dnoC91v0iM1f0boO3a5wxt8osCMEY-2FHWBaKDlwFP2MMMmUqG54N8W6Oc=
OPMbiFDMi9syhDx1U5GsxRXORTL2i9AkiRXxpGTGMzQBZex4q3P-2B-2FN5eVVCLfq62N9l17kh=
slXif9y-2Fis8LAJfwjePala2rNX1FeoomZlKkPx-2F9-2F-2BBPGEg0dt5EvpQ7HJs1kXVpPZP=
KmnFQTstmgyywxB4v6vAWruUp5SpbfYwqg3DhbLTP2y7nHoo-2Fwnpu1k-3D" style=3D"colo=
r: #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-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNCtNZGgqW=
MgAyb3iQ-2FhoO6Q-3D-3DBJO1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4Bi=
QVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6i=
CDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr=
4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtuf=
XOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b3bLvsQhhrDKgY5JTDW9sUIPq=
9wAELQUJTR6ebXEM77lUPHqk-2Bm54OouYDfa9ltgr5Pw8zxSpop43ma40-2BGLhGI5uVaXcPJo=
KNfzTg9Yu4UHjcan98PHJ5NCX09O01nm01C4yL2qw6LFMMaFu2iipCZr7qY1-2Bt7IvSkYFHNEp=
IgYYlYEsSuHV0N6dv5Jo1YNCQJs55tvXlA6WfTGVbeQee2xGV-2BdLAB9IJKuXTuCGc4CwgNHpy=
B-2Fz1OEz5lN9DgeDA-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-2BaqM7ONnvsnswouzWWFF7U86hMYODblVRDapeNJTES5cGmvSZwQOWECa9a-2Bw-3D-3Dp=
zJ0_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9sc=
bhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCG=
mVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2=
ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU=
-2F8BMj0EoL-2BIKRS9dSEfJDC3b1WpVI6uZNzZq-2B3fp2cQoqiXj7L-2BOSayOeL57MPYaN8W=
GqMPdDNZDfXyEih4eiBwKYpP6O-2BCjfOEDA0hGZEhzDR1-2B6RFcgtTLoXYtI-2Buu4nahy-2B=
kXR8Hs-2BIXk6jQYHwfuu2vIZQ3D4CIUewknSScUC5q3-2FEfIUyscPpOgWVWMKaKZDUJtE6Z41=
FLMaZpNm-2Fke3YqA-2FL4MLHgGzXKBJkeYoEsxC3dN8aBPG-2BAHabR1ZpO8aUrk4m24YvaWPA=
Mzp39YA-3D" target=3D"_blank" style=3D"display: block;
                                                          font-family: Robo=
to, Arial, sans-serif;
                                                          font-size: 12px;
                                                          color: #000000;
                                                          text-decoration: =
none;
                                                          line-height: 24px=
;
                                                          text-align: cente=
r;
                                                          padding: 9.5px 21=
.5px;
                                                          border-radius: 99=
9px;
                                                          background-color:=
 #F79B3E;
                                                          width: 150px;
                                                          mso-hide: all;"> =
Request a free trial </a> </td>
                            </tr>
                            <tr>
                             <td style=3D"height: 25px; line-height: 25px;"=
></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td height=3D"20" style=3D"line-height: 20px;">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin=
g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <tbody>
                    <tr>
                     <td style=3D"padding: 10px 0 0 0; font-family: Roboto,=
 Arial, sans-serif; color: #78766F;">
                      <table lang=3D"x-news-group-content" cellpadding=3D"0=
" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;">
                       <tbody>
                        <tr>
                         <td style=3D"padding: 10px 20px 14px 20px;"> <a na=
me=3D"n_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=
swouzWWFF7U86hMYODblVRDapeNy3gUQ05NiVow1Ybeg8rUFQ-3D-3DVfAH_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5i=
uGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wG=
IXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-=
2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9=
dSEfJDC3b3hKvyKDNsu8FSp2VJwnjDAm5yIMkWTzu9XUOdyuu01e5MvVytBJIYy4kGnabrprIut=
6ZOyQJ2Z3c7bqU7qT2TiS4jo72DmKv-2F56-2Br-2BJUFBrENJdL7mbr1q2sbN4yJ-2BHXT7-2F=
P5-2FelTpQ2QCWN3Px51n8lP8lfn4y39EtFSlNy8tr-2BoitcRtVvbNWyfmk52RkuVLie3mdMc3=
h8VaHQEq3yaqMApKtaXj2niClgLqzyjCI6Bd-2FOZzqjxREGZahx0dnTU-3D" style=3D"font=
-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Top Tie=
r Venture Velocity 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=
swouzUcdtgkk3zRE4VbDlAvw07VmA6RJGlx6TkjLcqCZmWRTA-3D-3DBS3S_Pr966knuaHmaw6c=
7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5i=
uGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wG=
IXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-=
2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9=
dSEfJDC3b0WywKAdrj0u61pS0ugOg1-2FiiS9799PS9-2Fqa19fDdA5J6FpDC8KhJvjpHY5F2Ar=
8bXLiSRgb6hJuhG-2FXBI00IysnMrA3fwU6RaqNFY8vxDDF-2FkHM6bmE2AIJo-2Fu-2BJEY3kU=
nS0RbzzVG-2FvCnqxTu-2FhY9SG21i9mt9Gvk8RykUwBVAHnW1KLjrpasg4khV8Hn5F-2BIlUbE=
TMRTj-2Bgtd0xSvuoFjENJzveEiBTiYvS3sp1gUPhSQuZ5Ki3J6ftxCSpOclg-3D" style=3D"=
font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Hig=
hVista 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=
swouzUcdtgkk3zRE4VbDlAvw07Vm5q-2Bl07yUELdmyP6uWtoyQ-3D-3Dmfkb_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm=
5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0=
wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4=
X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKR=
S9dSEfJDC3b3U86lZSTeK0wTehUeqMhiy6vnA1FMVxL54m5g3EnKMU1K-2FzDO3KgjDjnvnGjN-=
2B7WMWY4SRM71BlcRNDDFltIQcftil-2BiOqO0HCZUdLI0X-2B1irmbw7AaU2gFoqRBnH2HsBn-=
2BkqWFA79hRnzRvOy8hd4ylw1KoHd5L4Fwx7YhriaKA5ukJBjIps-2FLUrRvRrxicamyxHYmpGc=
G7JwVq8zkQasME711xn3eycfbtKmHdgzPg1dOnKHFQW98h7pfH1qaTw-3D" style=3D"font-s=
ize: 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-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07VmPIrde=
99nM5fv8JDt-2BP99w-3D-3DBC5L_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4=
BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be=
6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144W=
Or4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFt=
ufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b3XGg01jYxu8geC5WPdi4rQ=
8ojoapE8-2Bv4dvSJz0SqyP2lV9KBYHaNMQlVLaoH5sKNW42fKNE2BTK7E7NJLNRL35u3tncTPa=
SP2Bnvai0-2Bs-2BSspFGsDTAUGE1ndBqdGvMPwTzEOqnsuA1yDZTqu5-2BiAo3nqr-2BVQ2fra=
OGWKtaLk59-2F4MXu5GLdY0EpCURUSlM9cOuNoRkrdF-2F36Hle8y9hBBAncDzBWhnX6PcCAVEe=
2D4DOzhYSbJ6hX3uR80z5TKo-3D" style=3D"font-family: Roboto, Arial, sans-seri=
f; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" u=
niversal=3D"true">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=
3zRE4VbDlAvw07V-2F6TCPgzw0qcg-2FyHe0iG8EQ-3D-3DLe-E_Pr966knuaHmaw6c7pKvB-2B=
CEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX=
-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6=
AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatA=
RiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3=
b3V2R4i84NsFCwJ9ikq-2FQGLeEq7uCFf78IgFq4XteBbQZzBP-2FuVtV2TdPjBuPihBACc50yN=
A159-2BdUHYghNeCgvlypyEwHUel9w8TlYF3bZWOWeNU6Pnhx8HgvEPET7MrycW6DersxIrULAy=
dEoeWRDaE0Rnu-2FN07oinQiPhPvym84Pc5srKBvv2R-2BrD3kUxsfBOl39v73CFSHJ4NZ0Dz-2=
FIkW6M6p4jnvVgPwz-2BFPXNeChhgM8zIm98-2FupUvXjfw3o-3D" style=3D"color: #1D50=
80;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br>
                               &nbsp;</td>
                              </tr>
                              </tbody>
                              </table></td>
                            </tr>
                           </tbody>
                          </table></td>
                        </tr>
                        <tr>
                         <td style=3D"height: 6px; min-height: 6px; line-he=
ight: 6px; padding: 0; " colspan=3D"2"></td>
                        </tr>
                       </tbody>
                      </table></td>
                    </tr>
                   </tbody>
                  </table></td>
                </tr>
                <tr>
                 <td style=3D"height: 20px; min-height: 20px; line-height: =
20px; padding: 0;" colspan=3D"2">&nbsp;</td>
                </tr>
                <tr>
                 <td style=3D"padding: 0;">
                  <table class=3D"                " cellpadding=3D"0" cells=
pacing=3D"0" style=3D"border: 0; width: 100%; min-width: 100%;    =20
">
                   <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-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07VlPL704wAFE10W3sg-2B4-2FLuA-3D-3=
DKHy6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9=
scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzK=
CGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FI=
U2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4z=
ZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b04MBYVpFfDl4pD7ncYDkRJbjpgBZiKDrcNq9HOuOxAu7Z=
BDHN1CUTPTkmlknxt5i-2FGka3zdP4gFbyboVthbPYIc9Lj9cinJrrad9LBspePozpDC1LaZPto=
Rkk8OymBA8oF21Mo9c7mdaG9lpKElpavQ1Cn3uIPAy3wj-2F5Y3KgwxvKlmn-2BteM0SyD549oR=
ec12Ti3a3nLsFheo7hJxUTVb9qJUxfQQJ6R9ODz5XN5nHqRnmfdB4WCjhcnyN0D2S16w-3D"><i=
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                 <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%;">
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                     <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo=
nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa=
cing: 1.5px;
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g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi=
dth: 100%;">
                   <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">Mexico=
-based fintech <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic=
k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAv=
w07VsVO2S-2BqsmxFW-2Fnv2D9ru8Q-3D-3DjtGF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ=
YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B=
6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2Fccu=
fApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2F=
yWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b1Jztpc9r3H=
jDQjKr2C70hntJft2eoHSCjHGgc4aWTGOWpm4kVN2wAkfoLtPD-2FBrAR6MWUuKB3X1FumEEslB=
uKUC-2BmuLZKpud1yECl0tkvWnTm3i5M1tumn9hdm8REqrAiqCSzhMWG6MWyVII4o4sY2tnwjOk=
NmodwUSXIK47hqKonrlmRe6Ng-2FaCG1CiN3N0W7-2FquZSiL0cJTZUH8jpNU0cLpWa5qpAaSxv=
36X09n8ahrJa1nq5tvzHWUUpsqt4K4-3D" style=3D"color: #1D5080;" test=3D"" univ=
ersal=3D"true">Plata</a></b> raised a $405 million Series C led by <b>Bicyc=
le Capital</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-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07VVTinDOAJcdm5lqUyH-2FkdeQ-3D-3DRtd=
M_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbh=
l2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmV=
khISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta=
6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2=
F8BMj0EoL-2BIKRS9dSEfJDC3b1SdzkjlfOku43tE58miPnauSF0RciYYTZJnxN9XOtJM-2F-2B=
Nl4gBnOl72FbQTkMhQ6Kmd5ulA5sfozi-2BRYCTvxNDFH0UAAUofh7RGrVysY5GABIhrpCYLyEF=
6O-2Bu-2FnYRnY-2F3pJBjVdJv3onkc61En-2FMcl0S1yZRpUVDS3nKFzz67b6VmYjTOvXND-2F=
LZbDG-2F2jdJO2SDjyQGNN6RlgwUJ5bQ32bkrtIOVIdLfftC9FQEAn625bav8OLIzJVMZShr1MP=
4-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Glydways</a></=
b>, which is developing autonomous urban transportation networks, secured a=
 $170 million 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-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07VWUttmbjQMg63WFztxOEO8g-3D-3D=
JS8i_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9s=
cbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKC=
GmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU=
2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZ=
U-2F8BMj0EoL-2BIKRS9dSEfJDC3b34JF6Fen1-2FauUp0o1DH4-2FACHFK5dUcLfYxV5VFGwdF=
6FUhCrXgQgLpWz99-2Bv07weGRlV62U5uMAqUEszWthu4lRknbczh3NCxXkgJiL9X6-2FVGqASF=
eBC3DrFfMwDfRgatm-2Fqi20rRqus015HWHB9qr4CAK4Lj5uJKQ6EojCCjJUhcony2-2BkGq6J3=
6pkzUpTwj4-2FrszTid2s5TSu0abcTshrSkr4yPYE-2FuAoamZQygGeVdNyNFBja3HxKAxwSOHf=
7Y-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Slash Financi=
al</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.pitchboo=
k.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzU=
cdtgkk3zRE4VbDlAvw07VKumFBC26sMIW6M4zrP5-2FIg-3D-3Drnv5_Pr966knuaHmaw6c7pKv=
B-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxY=
HJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9=
Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4=
HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEf=
JDC3b0o7tkJZ4nlPl2lvvp-2FVDqgaXDMVKKrKQHoz7AWREm-2BbDCdS7ba4UJbIahagXg52wPv=
HYlXfd1tS-2BDLs6FoPcIItx0MLNmf-2FldklZRdYd6XxF4kgako8CaQ38oN7F2RFNK5VcS8fn8=
Amlik5D7VmHLfzDKuckmGXMW-2FcjPbRL-2BDCrcDHpvQ5rMbwk7COcjR-2FJd2o9fzOy7fM1dx=
NKoS7vb7VxXZQh5DHpWo4sC5Dfr-2BHLiwh5Kyz8bmw83ao62A04o-3D" style=3D"color: #=
1D5080;" test=3D"" universal=3D"true">Mazama Energy</a></b>, a geothermal e=
nergy startup, is raising a $100 million round, Axios reported.<br><br><b><=
a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B=
rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAvw07V7E4JTW41VqslTQs=
GerqePw-3D-3Dh95m_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9I=
OEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiX=
lwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQ=
ogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b3hlVayaw-2FLZhgBg4fQOLFWNDjaojm2f=
dQm15GDSbVVut7NrYIge-2FXAW2djrQFUyjHR86AiVA9Dd9H-2Ber8zTZJ-2Fll6tkuSquTg9cC=
H-2FGRJHAVS8nIN4zpfKqAH8gGLEF3zi0be4t6ZDW9AZ2wUavNByL012mbRIcDa7RO2XVuPAiGl=
D7-2BeHQMk-2FcMlPWcl4hbfVywJXZ9z5iKAIEMEjPEl1b-2Brjsmp5CXGIM93B46q-2B5J94pS=
UqkZ-2FPU7DPB-2FddI8o-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"=
true">Wealth.com</a></b>, the developer of an estate and tax planning platf=
orm, received $65 million in a Series B from investors including <b>Titaniu=
m 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-2BtTmUYhZLFZtNUaDohjAF3=
PDN4Y2pgg-3D-3DCKMn_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb=
McVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd=
9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAts=
iXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2B=
kQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b04MqBcbjgi97uOSv-2FIY0gidggGnDc=
37tm7eLhQaLWHnzld6GUsDbxpMLfBwHxwtqvD1pJiQAPIZ8VKRW-2F-2FGLYY9kzafF6Jkochsp=
POVLhzyg4gZQ3xos-2Bwi5LceEGHxrrM-2BVf8-2FWO5Ji90FbKc0cD2QbQW0mUDQjKUwW2HFq5=
W8fqPkSFk4tUNdjptDKLCMIyEq9-2B78s6M6kuIYn8zb-2FhRnU-2F-2FQKVeU-2BItZM3KUUB-=
2Bow05UnWtZIjvoD-2FZAyiqE1w-3D" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Wayve</a></b> raised $60 million from <b>AMD</b>, <b>Arm</b> an=
d <b>Qualcomm Ventures</b>.<br><br><b><a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzXlHu0pc15g3bP-2BtTmUYhZLMZQucRNLx19yflq5NFuchw-3D-3Di5pT_Pr966knuaHmaw6c7=
pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iu=
GxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGI=
Xs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2=
FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9d=
SEfJDC3b2gAIEFGWDqXm2ocvvhKPD700yY-2Bx9FVgDDxyh-2Fw04OoF5ttGYH5PVIy4QO8aPbh=
Sd1TB0gHmH9rh3ZGw-2BbEoWlWC5wAHuS8oJi2LmINrSQEcBMVtyvX-2BPXNUSZ7JzP-2F4-2F9=
BPdWtMIMznaXXDHUYUSlTzvP-2FwG-2FDItky9CJaw7Wu-2FbOts4VLpg1-2FfQFOz4sLBxonAf=
zasgjVX6ERtSV3Ehvg5zX-2FLfxrLyzfBvpa-2B0z7543HPHUQ1iN1YmzlvRhXC8-3D" style=
=3D"color: #1D5080;" test=3D"" universal=3D"true">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"https://url6380.news.pitchbook.co=
m/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0=
pc15g3bP-2BtTmUYhZLwhsa41Mc8X-2FCLT42hH1sKA-3D-3DkR5o_Pr966knuaHmaw6c7pKvB-=
2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJ=
HX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Ly=
y6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4Ha=
tARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJD=
C3b3eaejeKKHukZe9swZtVKmrw6GmBeVrtaKglDhvgCgSA-2F-2B5Znh6Dhtz-2FNwnCwQCrW3t=
cpYMEQmVPeYd52u3CBDiYHfj71yI53Gq7zOM3Apo6HHOlHAnOeeIKBAf0N59lwMpjSDHbacHDjg=
kvZgmd59tVM6cR89uoeDmxdW-2FdWKBgpQ8E-2FSdJPmpybEZrwL-2BIkhmcU7MP0ujcmwWtZ5S=
sGcfrW-2BcvktnvS1g9nI4-2B2TCM37ZGbSbdVyppFuCHL8NzK0-3D" style=3D"color: #1D=
5080;" test=3D"" universal=3D"true">Expo</a></b>, the developer of an open-=
source framework for app development, raised a $45 million Series B led by =
<b>Georgian</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/un=
i/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15=
g3bP-2BtTmUYhZL6HDcPuvbRgEnsfiiz4o4MQ-3D-3Dlewq_Pr966knuaHmaw6c7pKvB-2BCEiD=
nj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6=
sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6Atij=
O-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXk=
A2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b3Zg=
MlMzwqoNeua-2Fh7I5misGy42qYWSIAfeVE36avXxyHuGJI6Rb7CNWayVzJnV-2B4ohIrVtdn3G=
kKvcDewPJH0yDd5zhdar8SwwuSksKV6oiwqdn1AtK1Nm-2FOw9jrkmSbDCQXJc1hQgecz5MqouB=
ozKf7j1kfZUqnL9iEjm4JT8Q2OEi2Pkdcwafv6lr2W7En0UXGkp3-2BiDXqvKG1pMUKeaVroKAI=
oxp5UfaRc5s54hlvP-2F0URMQvICGQFHGINbkcY-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Resolve AI</a></b>, a startup specializing in runn=
ing and operating software in production, secured a $40 million Series A ex=
tension led by <b>DST Global</b> and <b>Salesforce Ventures</b> at a $1.5 b=
illion 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-2BtTmUYhZLtvFDsLjmYv=
-2BWFHLZXvw1qA-3D-3DFMGG_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV=
I43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCD=
i2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4y=
rYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXO=
gJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b0E2cA2FlaHufasJ7-2FSZ-2FLD=
cwYdApZ0SZaTwI0uW6akLT-2F-2FKeutNdKEAksAF2-2F-2FTaN4nZtg8goJN0X6-2FfOWnRtBB=
s-2FwdEZ3Md1hBVZ6RhCf8sFTOT5dtts9Ux7ul0CV7i8055I0fYpPmtVV0MJC3rO-2F2qP-2FP2=
Wb4yyK6d8WXnraauT6xSw529-2BVAN2zaO8V0QvEdPhF8FiSYf0pUulFsT71E676YTmajcu4Zgz=
58Y6i3FK7CaN6oPumTVFkz-2BopNqA-3D" style=3D"color: #1D5080;" test=3D"" univ=
ersal=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.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXlHu0pc15g3bP=
-2BtTmUYhZL1MdYITJJ7CJ1fAQVkZbX5w-3D-3DqqUq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5U=
wlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi=
-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2F=
ccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp=
-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b1Se-2Bk=
QNlU1qoc-2BFDIXqMKluLsdHPKNcHBd3QKvTzqnpSsg05PeDguzrsVq3-2FQN8IOFSJpfRjZTtP=
O9dsQtckhDSSzoVODS4nE6CPobZdlIY4nq9U2q1VsthVOhn0duKwniw-2Fo3mZGTLK9OwccvCZ2=
ryzb5Oca74G17p8XmMhb8Wqi1Npd7R56TD5lEUuDKO7asChUw-2BrPIfx7w1QsjPSt6rYsKRn9I=
nbyDfltM9Bd1G9O4rGaex-2Fo3y5oLeZ8iruw-3D" style=3D"color: #1D5080;" test=3D=
"" universal=3D"true">Spektr</a></b>, a Copenhagen-based developer of AI ag=
ents for compliance in financial services, secured a $20 million Series A l=
ed 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-2BtTmUYhZLuAewB4EgYTC1L4x=
e9l2PtQ-3D-3D3AhX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9I=
OEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiX=
lwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQ=
ogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b3sSSP-2Fge2gBRAoaxyPiD5SeQbs6fRGp=
GkaYBi05d8cMcp7lhOLZwYXTQC5Qlo7MCtVLPTvVkf9ygEi-2BN4l9MZWnd0B8HrlXkvesnqdFv=
adX0sDLt5vQljKboshyf9eRR3P1GuiVZYlDQCOx5dds8NepRKFmULnbsUopqdrTcz4DVIBEbfx4=
RxHcRtxE-2FiDcOKJ9cIIfRBoXj47RhGmyOJRx-2FVbj2dEbITmGE2NMcRNyCu3zLRaqfzW7uAG=
oOwmRj4-3D" 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=
hZL24pW5It5O-2Bg1wIFYC-2BU8gw-3D-3DZe8O_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6=
Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2Fccuf=
ApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2Fy=
WeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b0cmtoOVH0Bg=
ZNh7LTF7bvYLFO1NSOUrTcYffzkZVK3XxvP3-2Fnu-2Ft1mR-2Bdl9I7Fu-2BbquehpZm-2FJMk=
KP9K12QHYK5sgfqcHTLCGAXkLcjKqLaNCvGSEkeFLOlHpQ6ruhdwMFoVj1-2BrGCrhThFqorRPy=
uxmHAICmb2T-2BnWZ44CTmvaLemq4DxLsewb7mE2ieoUil9f78kX7XR4TOa2lzo0jQAPr77o0qQ=
6VBiy8ElMVDDVMqyyvU5Wa1z3aCWkADXPEI-3D" style=3D"color: #1D5080;" test=3D""=
 universal=3D"true">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=
LXjKCvX6Lx3F5-2BbHGhSl7Jw-3D-3DC8Pq_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQ=
P-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn=
3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUK=
vdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJ=
VlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b0fWsWQ88v3smf-2=
B-2FnYzCeX3rYhkrE6E7MaDdwFMOMeomcV-2FFPk4gXQTMrFFPy0xU6CuvRM-2BbYSK6b3sYIla=
3HNqnMWz4oPifb3gJqt0epkr1v28l1YjGl3aTt9ELYU9LaEpzUK-2Bk-2Bzr-2FXH90U-2BM-2F=
hM9P84fHqDDMmb1mwJ54jrZITBkLfjSCWcp0qgay5oYQ-2B28-2FE5BzigSG3nFsrdVjy2W583J=
3gYcWjeLRy-2BlDQ58vbU1fPKiW4rTI7dy81FiZqI-3D" style=3D"color: #1D5080;" tes=
t=3D"" universal=3D"true">Joe &amp; the Juice</a></b> at a $1.8 billion val=
uation, Bloomberg reported.<br><br><b><a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzXlHu0pc15g3bP-2BtTmUYhZL7Kl4d-2BW7Ii2Ltq-2BZfTOyQQ-3D-3D43F6_Pr966knuaHma=
w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKv=
m5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA=
0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT=
4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIK=
RS9dSEfJDC3b1uBZFe7lZe1RFdEyNdmqp0ugchJuyi55PB1oGTfVaMiuGg-2Brwh8SWUdlcXLwf=
0puICoSYbLqZnvU9e2egONMOdxOhe398jc4PCQ2fImtS1MQIWoSsIT9qPy5S6BZACf-2FL38Y1j=
QAJpqzDbv3de7ik24NldbupDiP-2BnCLlZCygkwfOtJR7-2Fyx4QVyVydqbJBfrbp4JjiZAzISO=
WtzK2MwmASXuomuqnJ-2FnhjJynrhy7zl1KT3kXcaxkoX-2B7TYA26Zg-3D" style=3D"color=
: #1D5080;" test=3D"" universal=3D"true">I Squared Capital</a></b> acquired=
 $650 million worth of <b>natural gas storage assets</b> from NYSE-listed <=
b>Spire</b>.<br><br><b>KKR</b> and <b>Apollo Global Management</b> are cons=
idering a bid for <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c=
lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rs=
e34fWCGLVGbJKf1ILuAG4YpTukAdw-3D-3DfjAr_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJY=
L0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6=
Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2Fccuf=
ApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2Fy=
WeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b0qYV27AOtuB=
vLOgiUSfjSpVIlbr-2FMZRJQhiSeibLHjDv5xVNMFW00IHZeZdQrHnkQrNBlBertvZMrm39xeFL=
sJN4QNbbNT8PLqhRVLuLnGgPveSpK0M7L1e0zWDhLdY-2Fe-2FU0ZCopQOcQVG-2F9ptXOSss5y=
O2jiYUfVYqQAAhsp3INmp0mHHWTb1-2BXGenQJajnRzR33PkG6Kikpj-2BfCP4PrITTTUPKN197=
XqCsy963eIn5cYHrczH1Owy6gTvLwD9dQ-3D" style=3D"color: #1D5080;" test=3D"" u=
niversal=3D"true">Logoplaste</a></b>, a Portuguese packaging maker, Bloombe=
rg reported.<br><br><b>Charterhouse Capital Partners</b> acquired <b><a hre=
f=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cu=
ylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCGk9WPHfkby4Ssn8PdAHJh=
Ig-3D-3D-RNp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY=
A68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2=
B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikd=
XMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6x=
GFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b2v7v4qda-2FpN7qF0o5Yp8jFtO59FAjaXuKfoA=
KUKhbRd8jiIL0AYHO0N98NzUzAhFTkgE-2BWHiCSrQlEqG8C76iTGulKTj7oUFFmLZDpIGFYiJe=
KoGejmcitXVojIravEixKS9psD1ieQkilM3bUEFug9MRoB9jismhzA8i6R3rSZc4NzChuOA6Pb8=
Em-2Bu6IHBTtOVSNbFofdYKe4ljW8Fef6Qj8MoWInsk9Q5x2TXx-2B1s1scdSGQ3rZkGeNierR4=
kg-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Animalcare Gr=
oup</a></b>, a UK-based veterinary services and pharmaceutical firm, for =
=C2=A3235.2 million.<br><br><b>Bd-capital</b> invested in <b><a href=3D"htt=
ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW=
Irf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCGNhbcPIPqSMJ9SUFw9yo7Vw-3D-3D=
QsQl_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9s=
cbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKC=
GmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU=
2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZ=
U-2F8BMj0EoL-2BIKRS9dSEfJDC3b3Owbje4NDCxSHOZ5vFFWVKKjHr3o5AvBAHLpbFm3TgrKxU=
HTjxEVAcdI-2BwahEbfzgdz704-2BslAxyR3IsRBKG76Ff627wKl-2FU3Ss8lMsfDmGVL3kK5oY=
s-2BZ6iMMtchtlsgi-2FxUttX8Rwr9fLvHql77pJvkbzbb89-2BWCecEMCfTLYrDrIRrCOJAHAg=
bkiy-2BJ7g2-2BlhhBOmhaqs3BWX0ATrBkE-2FSjLQNFF0IG-2BV-2BVAX2wmVLC4X6-2FSQKuV=
80kjhhctNM-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">IBA G=
roup</a></b>, a British aviation data business.<br><br><b>Future Business P=
artnership</b> bought a majority stake in <b><a href=3D"https://url6380.new=
s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON=
nvsnswouzVp2qM1fr4dAS6Rse34fWCGpMnN50PXzUquahrxYQ0ieg-3D-3DBqLe_Pr966knuaHm=
aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnK=
vm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lf=
A0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PL=
T4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BI=
KRS9dSEfJDC3b1APo-2FIVlIHJJRRU-2BEsACCFCpu5YPgd2KVGILHnqw6eZFa3andz4IBCXsAt=
osZHvrNIs37hO6PV75-2FiZjqGrD3wqQHGyKyo47bpwaWXv6Xh37gcD1VrZelF0W7PmmXykfhl4=
b0KCp4tLetDN-2FL28z1Vu3XAlq7MD1DfiR85vmWffM4DtqGXQ36NIU02-2BwzAj2yIuLHMuJHx=
Ogqx-2FEJsgPoZ7diT-2BuAqV4knYZs1RQaRIB40rDIn-2FUW4B7GtLTj5FbM-3D" style=3D"=
color: #1D5080;" test=3D"" universal=3D"true">Best.Energy</a></b>, a UK-bas=
ed 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-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCGlOFvxhk2lJOeaNaR9=
FC6Fg-3D-3DWFLp_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf=
8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOE=
I-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlw=
ikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQog=
o6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b2DVCzVKfHV5OTBfzJyS1q3aOFVnF5InCphW=
-2B2yitN5-2B08wotTskY4Qr6R8KJyFrS2Ery0t-2Far9YGHeRswU066q3rC7HDTh67PvjYHyMs=
3EX-2FU-2FgV23FvydwlSpdwdT2bi-2Bj5PpEwAZvAM0zoYzRiLkbMd5tn1vpqbvMxTI3tmDWPd=
n35Crmy5sO1tb5dSt1-2FJdQceRcGxoeiIlwOZHnxOYyQhW7Z5-2BHrPcx4LwZ88QSpkDWRKaqr=
RMJ-2BDi7L8lZUc-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">=
X-Energy</a></b>, a small-modular nuclear reactor company backed by <b>Amaz=
on</b> and <b>ARK Investment Management</b>, is targeting a $7.5 billion va=
luation 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-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCG3-2FMmer-2BadEYJWAcYX=
RG-2F9A-3D-3DXSMg_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9I=
OEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiX=
lwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQ=
ogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b2AvBYA6ky8Z-2FFWjs-2BqElgKx62QJKj=
wm09-2BhlbIRyxDW637W1T4iKP0Shw327QTYcqY0fX1u4uA-2FPsBJ94jcxYL9UTzlPo4zOTxpv=
Vj0yK99m6Se3BPO-2BO6UH1u03-2BoBQ1pneFdaVxhj-2FXdDZoXMhApZOXYqsVhte5j-2Bebv3=
0jY-2BkMam-2Bwep6JM-2B20VPRJVD4nlMLz4BjBj-2FMH8sfsSHsfD2i-2Fmhjyo3Ki-2FAlFe=
rT7GrVeExqtlNercaHJjnWgybmg-3D" style=3D"color: #1D5080;" test=3D"" univers=
al=3D"true">Resulticks</a></b>, which is backed by <b>Anicut Capital</b>, a=
greed to be acquired by Nasdaq-listed <b>Diginex</b> in a $1.5 billion deal=
.<br><br><b>Arcline Investment Management</b>-backed <b><a href=3D"https://=
url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G=
Fa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse34fWCGJNMetj-2F1PXymDksGbKWv9Q-3D-3D50f=
o_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbh=
l2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmV=
khISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta=
6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2=
F8BMj0EoL-2BIKRS9dSEfJDC3b27eYVGCocPvvWQ-2FAZjKjiDEB6q0x9SFrcAlQ9yPM7wHhe9c=
mXlUpmZ2pV8Lqtj2LL-2B-2F-2B1gBCrWOkwJgxCFa6hy7DCB5kRpAK8gZyOP8ERXRjjGndB-2F=
QKHN4DhL9cQJfLLisjl-2FvhGB5reXEEyWm8wjSNW-2F2avYs1ew0NeKyH-2BcmU6JeESobwSX4=
MtfiSLlC4XzGgCIknZuublcaUVPSySDqyJ7iOX-2FFUbyNtLIv0s0BzvCgkzzae7SsNCJme-2Fh=
FNU-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Arxis</a></b=
>, an aerospace and defense parts manufacturer, raised $1.13 billion in its=
 IPO.<br><br><b>Uranium Royalty</b> agreed to acquire <b>Orion Resource Par=
tners</b>-backed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cl=
ick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVp2qM1fr4dAS6Rse=
34fWCGjCBChw9dPVYhR25q7CRpJw-3D-3Dwtj1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL=
0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6U=
tkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufA=
pUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyW=
eAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b1MvyzGB44dIg=
M44VE2CNZ8-2BZk4zCd7P6d-2FmUZQu-2FFGLWqHIshD8zOfHWM7XoWIBA9fFJaJX-2FMQHAD9q=
YD9l1xpgy0WaaUEZypuakvBdV-2F7vt4ZSHz1TSEsSzp3W4nGAVXts7m6F4DVUoNSqhxCgspsre=
1tkQPXOKc7HQ-2Bqzu-2BmCU18tHa0LOuvcn72b4qg8tJaE9J-2BXBy8PI5cub-2FYgQ6Bt5Zc6=
AsJOAnb2MJv-2BOyKa4zwN4LP14PxLp4FTJnKaqU-3D" style=3D"color: #1D5080;" test=
=3D"" universal=3D"true">Sweetwater Royalties</a></b> in a $1.1 billion dea=
l.<br><br><b>Sam Altman</b>-backed <b><a href=3D"https://url6380.news.pitch=
book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo=
uzVp2qM1fr4dAS6Rse34fWCGEKMfdZTvuW5PI8Y2epxTnA-3D-3DkWHq_Pr966knuaHmaw6c7pK=
vB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGx=
YHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs=
9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC=
4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSE=
fJDC3b0I1-2BAztO9R356aepzU-2BvAPoePdCqKLDRM8dHBJ2A0Fusn5tkzno8O4vi3Tdl8koH9=
83dNM5Od-2BjqLUtdJ1l7eBCNYE6yv7XkdUnATgqNwdj5xDzCctLpoQHx6IqwHjG2dyVWOOxydC=
adeQY8P3UfsoO8-2Bn5I79Vg8cpkHhTWYD-2BvMfyVuanoZLngyr4CVzGQpZDbktfdgOruRHVXl=
gJKrpWqtqQWLkSSsUk6ZjZkTeKs-2BruOIfTzXYl1VUA4QgZa0-3D" style=3D"color: #1D5=
080;" test=3D"" universal=3D"true">Hypercard</a></b>, which focuses on expe=
nse management and employee credit cards, agreed to be acquired by <b>Ameri=
can Express</b>.<br><br><b>Northlane Capital Partners</b> is exploring a sa=
le of pharmaceutical consulting company <b><a href=3D"https://url6380.news.=
pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv=
snswouzVp2qM1fr4dAS6Rse34fWCG35mKf1mS7bqviCB2PEtxGg-3D-3DFiGM_Pr966knuaHmaw=
6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm=
5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0=
wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4=
X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKR=
S9dSEfJDC3b2Y2JXA5uOZbQMkaNJkh68-2Ft2EHShd6o3ULcylhJtixSmFD6rNAuuK6MNSJ6Gkb=
iCjyRB56yFEILByOBqwArphsxq74iXdcUqQjtgzyb-2FGFBox-2FFSHq-2BBFgZ6nzI7aiOBYGz=
2rDuY2RUirCGEMOCdNSmfaMYXFYrwXA-2FQT9lZGCDM1-2BrH14yCiYi8eBVNXGeewTPtXceb0M=
ZNBg18vkAe30c39pBNnB9WbgpLRT0Ukqe3wdAUuf2Pi3lvCR3jpemIk-3D" style=3D"color:=
 #1D5080;" test=3D"" universal=3D"true">SAI MedPartners</a></b>, Axios repo=
rted.<br><br><b>Smile Invest</b> exited <b>4ITEGO Group</b>, a Belgium-base=
d manufacturing 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-2BeZzfs6PmPKeF1hMfVVNtqZvucdI7Kk7d0fe=
KNrflgA-3D-3DmAG3_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc=
Vf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9I=
OEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiX=
lwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQ=
ogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b2OHjscbI2n5fYf-2FEJXLxDCW6-2FmrgU=
GRiEvS-2FRuo-2Fd2qahXCh49L-2BsgROf9rsI2Hgu3FUo2BdXs9rA6jZKkhXwhq3EqQiVGkfmA=
w9uL3ai5yd55lqStWEVLTpTNMuU3x9vyMwnWdisw04KEqeL7PfJoAvHW6vdbYbq6xdfdX-2F8c6=
AHuQ8cBbag6F-2B3bpnTe7vymagDqrux0GbAVfRX-2FFL-2FlGyo3eQviEIAO7Uz9Ul9gvmPQDa=
trCOQ8pKN7i-2FLJsk8-3D" style=3D"color: #1D5080;" test=3D"" universal=3D"tr=
ue">Accel</a></b> raised $5 billion for its latest funds, including $4 bill=
ion 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-2BeZzfs6PmPKeF1hMfVVNtDIqB0V8=
NkAMIjSetlkTfTA-3D-3DTTo5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ=
VI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iC=
Di2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4=
yrYAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufX=
OgJ-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b3krf45416elDCJME6M4xlahrV=
i1xh0xzCCLC1q9zOCp-2F0DXvKsmlGrjxXSRZ7GyDmfhRLNVTRvWOyRHcUIGXs1gCiAqQwOMYGp=
ScVwScjYdAYhIuiI2v25G3TVGioaYgEv644nuaB3ZBMhi928BqfeLx7A1Yn62OqgVsqUwmBt1va=
e-2BSQF7BrB7tdQSsGGx2DD-2Bng2mbljFvX9Rs83mz5pdFGlB04rrhvmguLtxdR1hHqh0NyRsh=
pZYwHi5IcXncU-3D" universal=3D"true">  <img src=3D"https://img.pitchbook.co=
m/news/73798.png" align=3D"center" alt=3D"" style=3D"border: none; width: 1=
00%; height: auto;">  </a></td>
                              </tr>
                              <tr>
                              <td style=3D"height: 20px; line-height: 20px"=
></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table></td>
                              </tr>
                              </tbody>
                              </table>
                              <table lang=3D"x-content-area-main" cellpaddi=
ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10=
0%">
                              <tbody>
                              <tr>
                              <td valign=3D"top" align=3D"left" style=3D"pa=
dding-bottom: 20px; font-family: Roboto, Arial, sans-serif;
 color: #000000; font-size: 14px; line-height: 22px;">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-2BeZzfs6PmPKeF1hMfVVNtDIqB0V8NkAMIjS=
etlkTfTA-3D-3Db9G6_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbM=
cVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9=
IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsi=
XlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2Bk=
Qogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b3ORxZKk0NzS2oUS-2BqFosPniBoAmfsL=
ZW7AeBY6GS5HEpwJCStroPxpgiBjfGxh60zcgAiZxQ9hU9uL8So06sVQWPxmkexVNXBmktGuI7Z=
NOda5iG6ZuZGi4xB-2B4tm89wb64DwFYRKSs3WeVD6UjXBwsfccN6wTo6Nw7XginUfFgV3SGnyq=
yELbha7F2ugzgT-2FCRKFgT2vjFAV0hlypK-2FZeueX3emt6i-2Fg9kLVsxwSttC-2FJY-2BXvw=
CUnqI5RXUVriOg-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>
                        </tr>
                       </tbody>
                      </table></td>
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                   </tbody>
                  </table></td>
                </tr>
               </tbody>
              </table></td>
            </tr>
           </tbody>
          </table></td>
        </tr> =20
        <tr>
         <td>
          <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad=
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fv3Ir7VBVojDg-3D-3D1rIK_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI=
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