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font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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The release challenges the assumption that life= sciences are too specialized for AI labs to explore. <b><a href=3D"https:/= /url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzWRB19PIxkE4uJWLD1NpUnatpQK1QeQiHGVCoP7-2F00Ejw-3D-3Dur= 9__Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scb= hl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8TiMzKCGm= VkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH-2FIU2t= a6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZUI4zZU-= 2F8BMj0EoL-2BIKRS9dSEfJDC3b1b3nDKWYQ7dX-2FckZud1OIhrf-2BHbS9jjPgisvxO8Q4UNM= HKo5SRg2ZHdMSBArPsckfxWm0ZgwF3yBT2pAwgNL11Z2KNReKxIu2QblV-2BaS4n0Wf1QkBEtqj= LEmJASLlVAmJNKXz9kX5986PfUoO-2Fy4kggCu6HCvJ8G5lK1uW-2BxULhP-2BWzho80xmG-2BG= N8CqvbofqoFSipiMPzAQg2bfjoEUUcR2Nlnl1m6vpeOSN49IvYk5nEC0TXEm5Kmn2Y-2BnXEUzU= -3D" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Read more about= the hunt for AI-designed drugs.</a></b><br><br> =E2=80=A2 Was this newsletter forwarded to y= ou? <b><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4= n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRB19PIxkE4uJWLD1NpUnapAVbXc8iWHU= xItB5wPbcfw-3D-3DKGsN_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2O= Vd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYA= tsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-= 2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b07Ux3dTxe3NPZzWigyaXEA5lS1dgh= ViMzyrZ7ZMo3vguLZ4UouyLWGvMfRqhLhNiXVnihcECPP3Lc-2B4LwghRfJcUylxUTVj6CIzT29= Mq-2B3FSPMjk-2FNONUQEDM9qC6x5vmOBLeqs8LjFKLR73KdrnC3yz36bYh9bHraepg-2FSusIS= TovSWzZX42iIMDFa5ohSrBK8LhG0L3CmIhQ-2FbUuZgDapDRJ-2FKmNgFlyMiJE6f-2BZwNTRHn= hqtXWVjlw0nCbOwlc-3D" style=3D"color: #1D5080;" test=3D"">Sign up here</a><= /b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; 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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> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWRB19PIxkE4uJWLD1NpUnaWxE5GGyHl= d9s5bIITtrtsg-3D-3Di2jP_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI= 43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi= 2OVd9IOEI-2B8TiMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yr= YAtsiXlwikdXMH-2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOg= J-2BkQogo6xGFZUI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b2osCgGB-2FDeDY9O5VQqj2yewGK= YZv0kzwDHKTxcmzjBola45TArb8kiKsJru8A8g1nhqA9fX6zxn3AmDO0P-2F5-2Fv5GvLC2Z5U0= hXns-2Fo9kQg5pRWSvtWyNTpDfKfI6FCHA8tIQjr1-2Fc4SRV478jcDLX2RKU2njUkikGHb4uFe= QCzWWMWdb-2BntD0e3Z60DFPmPsuuyrlfFQwPxz-2FIMD1YwbAJI0hsQS1OkfIsfg3lfKkJUZV1= ZCptkyGBpYO6A0kakkg-3D" universal=3D"true"> <img align=3D"center" alt=3D"" = src=3D"https://img.pitchbook.com/news/73803.png" style=3D"border: none; wid= th: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Josie Doan/Pitc= hBook News)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = 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> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; 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"> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;"><i>Related article:</= 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= > </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>A message from PitchBook</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579830" id=3D"n_579830" 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;"> Create a bespoke data-driven r= eport with PitchBook </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td valign=3D"top" align=3D"left" style=3D"pa= dding-bottom: 20px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;">PitchBook's Custom Re= search team works with you to design a bespoke, white-label report on a top= ic of your choice =E2=80=94 backed by premier financial data and expert ana= lyst insights. The result is a high-quality, data-driven piece that's yours= to use across campaigns, driving leads and establishing thought leadership= with your target audience. <br><br><a test style=3D"color: #1D5080;" href= =3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzWRB19PIxkE4uJWLD1NpUnaQ7sLpwHU4Lf45iW1-2F1XTYA-= 3D-3DnXVO_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B6Utkn3ms-2Be6iCDi2OVd9IOEI-2B8T= iMzKCGmVkhISEPpFOe3lfA0wGIXs9Lyy6AtijO-2FccufApUKvdN144WOr4yrYAtsiXlwikdXMH= -2FIU2ta6VymrqSLLr3PLT4X-2FC4HatARiXkA2Tp-2FyWeAJVlleXFtufXOgJ-2BkQogo6xGFZ= UI4zZU-2F8BMj0EoL-2BIKRS9dSEfJDC3b3Me9wahku6FHftIKvSnfTHDHBwIlb4HlpmKRL2aLJ= JFK-2BEqkGtyhLYn-2FuhhzurKfh6FYrtlJJpvlBFGfPaSohNu9DLNY-2BvI1jxNQAo3vlWwnH-= 2FO8hkj32HWWaDx2G34D6GR1WEHH1vDfNY0hUHHdXyaaWmYVxZ6Jnt0fu7ZumFPvPGayOF7n7ek= o-2F-2ByqWel2C0TFdUH7XZFtIx71eLnt79Z89lboduIPPTT1B5ARZGuhjJ1cnY5l1PpzhhKN9w= 1bc-3D">Get in touch with the Custom Research team</a></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Catch Up Quick</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=E2=80= =A2 <b>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> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_579481" id=3D"n_579481" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <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;"> Q&A: Pantheon on continuat= ion funds, conflicts and the Labor Department </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <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-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> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Jenna O'Malley/= PitchBook News)</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;"><i>By Jessica Hamlin,= Senior Funds Columnist</i> <br><br> Pantheon was one of the earliest buyers in t= he market for secondhand fund stakes, having begun purchasing them from ins= titutional investors in the 1980s. <br><br> PitchBook spoke with Amyn Hassanally, global= head of private equity secondaries at Pantheon, about dealmaking, potentia= l conflicts of interest on continuation fund deals, and the Labor Departmen= t's 401(k) proposals. <br><br><b>Last year was a record for the private equ= ity secondary market. How=E2=80=99s 2026 shaping out so far?</b> <br><br> Pantheon: 2026 has gotten off to an even bus= ier start than 2025, and around this time last year, we had the "Liberation= Day" announcement, which slowed things down in secondaries. We=E2=80=99re = being extremely selective about what we're leaning into because there's muc= h more deal flow than there is capital to absorb it. <br><br><b>Of the deal= s coming across your desk, what is the quality of the majority of assets an= d fund stakes?</b> <br><br> On one end, where we tend to focus, is our h= igh-quality buyout and growth portfolios. We just completed a sale of a por= tfolio at about $750 million of [net asset value]. There were 12 managers i= n the fund. We rate them as =E2=80=9CA=E2=80=9D and =E2=80=9CB=E2=80=9D man= agers. Of those managers, 10 were =E2=80=9CA=E2=80=9D managers. So the qual= ity we see in that part of the market is still very much there. You just ha= ve to look for it. <br><br><b>How helpful is it to be on the LPAC when you= =E2=80=99re considering a secondary purchase?</b> <br><br> It gives us incredible insight into the asse= ts we=E2=80=99re buying. <br><br> Last year, we did a large LP portfolio trans= action, and one of our blue-chip growth equity managers was one of four GPs= across 18 funds. <br><br> This GP is well known for the fact that if y= ou=E2=80=99re an LP in their funds, you basically get only a paragraph [on = how they=E2=80=99re performing], on each company, every quarter. But if you= =E2=80=99re on the LPAC, you get pages per company.</td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table lang=3D"x-content-area" cellpadding=3D"0" = cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table lang=3D"x-content-area-main" cellpaddi= ng=3D"0" cellspacing=3D"0" border=3D"0" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> </tr> </tbody> </table> <table lang=3D"x-content-area-bottom" cellpad= ding=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-content-btn" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-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= 8px; text-decoration: none; color: black; padding-left: 3px" target=3D"_bla= nk" universal=3D"true"> Read the full Q&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> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated 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> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Side Letters</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Sma= rt reads that caught our eye.</i><br><br> =E2=80=A2 <b>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"> </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;"><!--[if mso]> <v:roundrect xmlns:v=3D"urn= :schemas-microsoft-com:vml" xmlns:w=3D"urn= :schemas-microsoft-com:office:word" href=3D"https://pitchbook.com/free-tria= l" style=3D"heigh= t:43px;v-text-anchor:middle;width:148px;" arcsize=3D"50%= " strokecolor=3D= "#F79B3E" fillcolor=3D"#= F79B3E"> <w:anchorlock/> <center style=3D"color:= #000000; font-fami= ly:Roboto, Arial, sans-serif; font-size= :12px;"> Request a free tria= l </center> </v:roundrect> <![endif]--> <a href=3D"ht= tps://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-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;"> </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 =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> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; width: 100%; 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Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Mexico= -based fintech <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUcdtgkk3zRE4VbDlAv= w07VsVO2S-2BqsmxFW-2Fnv2D9ru8Q-3D-3DjtGF_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJ= YL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVR9scbhl2CmuEcG7QHnKvm5iuGxYHJHX-2F6sabi-2B= 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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"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><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 & 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"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Exits</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><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"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><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"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table 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"> </td> </tr> </tbody> </table></td>=20 <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r= ight" style=3D"padding-left: 20px;"> <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td> <table lang=3D"x-sidebar-block" width=3D"140" cellpadding= =3D"0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td> <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad= ding=3D"0" border=3D"0" style=3D"min-width: 100%;"> <tbody> <tr> <td width=3D"460" class=3D"container"> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor= der=3D"0" style=3D"min-width: 100%; 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