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The original message has been attached to this so you can view it or label similar future email. If you have any questions, see root\@localhost for details. Content preview: PitchBook Newsletters What NextEra-Dominion deal means for infrastructure; earnout prevalence shows buyers have the power; consumer retail hits 12-year dealmaking low May 22, 2026 | Read online | Manage your subscription [...] Content analysis details: (1.6 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URI: pitchbook.com] 0.0 RCVD_IN_DNSWL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to DNSWL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#DnsBlocklists-dnsbl-block for more information. [159.183.175.69 listed in list.dnswl.org] -0.0 SPF_PASS SPF: sender matches SPF record 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature 1.1 DATE_IN_PAST_06_12 Date: is 6 to 12 hours before Received: date 0.1 MIME_HTML_ONLY BODY: Message only has text/html MIME parts 0.0 HTML_MESSAGE BODY: HTML included in message 0.5 KAM_REALLYHUGEIMGSRC RAW: Spam with image tags with ridiculously huge http urls 0.0 RCVD_IN_MSPIKE_H2 RBL: Average reputation (+2) [159.183.175.69 listed in wl.mailspike.net] 0.0 LOTS_OF_MONEY Huge... sums of money X-Spam-Flag: NO <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional //EN" "http://www= .w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns=3D"http://www.w3.org/1999/xhtml" xmlns:v=3D"urn:schemas-microso= ft-com:vml" xmlns:o=3D"urn:schemas-microsoft-com:office:office"> <head> <meta http-equiv=3D"Content-Type" content=3D"text/html; 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} .desktop-only { display: none !important; mso-hide: all !important; } .container { width: 100% !important; min-width: 280px; } .content { padding: 0 5px; } .walkthrough-image { width: 100% !important; } .performer-title, .performer-content{ font-size: 6px !important; } .header-msg { font-size: 9px !important; } .pre-header { padding: 10px 20px !important; text-align: left !important; } .side-bar { display: none !important; width: 0 !important; max-width: 0 !important; height: 0 !important; max-height: 0 !important; opacity: 0 !important; } .line-breaker { display: block !important; } .responsive-img { width: 100% !important; } } </style> </head> <body style=3D"margin: 0 !important; padding: 0 !important;"> =20 <table lang=3D"x-pre-header" class=3D"pre-header" cellspacing=3D"0" cellp= adding=3D"0" border=3D"0" align=3D"center"> <tbody> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, sans-seri= f; font-size: 14px; color: #78766f; -webkit-text-size-adjust: none;"><span = style=3D"color: #78766f; font-size: 1px; display: none !important;"> What N= extEra-Dominion deal means for infrastructure; earnout prevalence shows buy= ers have the power; consumer retail hits 12-year dealmaking low </span></td= > </tr> </tbody> </table>=20 <style> @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 800; src: local('Roboto ExtraBold'), url('https://fonts.pitchbook.com/ne= wsletter/Roboto-ExtraBold.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 400; src: local('Roboto Regular'), url('https://fonts.pitchbook.com/news= letter/Roboto-Regular.ttf') format('truetype'); } @font-face { font-family: 'Roboto'; font-style: normal; font-weight: 300; src: local('Roboto Light'), url('https://fonts.pitchbook.com/newsle= tter/Roboto-Light.ttf') format('truetype'); } @font-face { font-family: 'Roboto Serif'; font-style: normal; font-weight: 500; src: local('Roboto Serif Medium'), url('https://fonts.pitchbook.com= /newsletter/RobotoSerif-Medium.ttf') format('truetype'); } td ul { padding-left: 1.8em; } td li { position: relative; margin-bottom: 0.5em; } </style> <table lang=3D"x-main-wrap" width=3D"100%" cellpadding=3D"0" cellspacing= =3D"0" border=3D"0" style=3D"min-width: 100%; background-color: #F0EBDE; fo= nt-family: Roboto, Arial, sans-serif;"> <tbody> <tr> <td align=3D"center"><!--[if (gte mso 9)|(IE)]> <table lang=3D"x-main-container" width=3D620" cellpadding=3D"0"= cellspacing=3D"0" border=3D"0" align=3D"center"> <tr> <td> <![endif]-->=20 <table lang=3D"x-main-container" class=3D"container" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"max-width: 620px;"= > =20 <tbody> <tr> <td class=3D"content" width=3D"100%" style=3D"min-width: 100%; pad= ding-left:5px; padding-right:5px;"> <table lang=3D"x-header" class=3D"container" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> =20 <tbody> <tr> <td> <table lang=3D"x-header-subscription" style=3D"min-width: 100= %; text-align: left;" cellspacing=3D"0" cellpadding=3D"0" align=3D"center" = width=3D"100%"> <tbody> <tr> <td class=3D"header-msg" style=3D"padding-top: 20px; paddi= ng-bottom: 28px; font-family: Roboto, Arial, sans-serif; fon= t-size: 11px; -webkit-text-size-adjust: 70%; text-size-ad= just:70%; -ms-text-size-adjust: 70%; text-align: center;">May 22, 2026 &nbs= p; | <a href=3D"https://url6380.news.pitchbook.com/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUfjHFz38SEfwF= XaHfaMzYSdB-2BdWXn2KK-2Bm6mun69GGBg-3D-3D9_7Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj= 5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3q= PR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2= BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlC= pVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfVUNyJrQmSXWF= 7W0ed-2FJ8HoJj1FIjKqy0-2FFitzC7kFeM12aL-2BnwirqlqVyFYinqtbPe2ps6AuE1SMJ7t7R= Y0sqwxQfQHpU7OjSW4hvYJJ1rTYZ4RLabkygtUY6Cfo34Oaq2B8jp1WLFfAvJN6pue7QavJCExe= nmz-2B1k6POxOf6E4WDsB-2FBJDcv-2F4YD-2B4e4CItdjTnclZsnDdMYag0wQxQpM-2BrGMeMH= futU3lwAjWQoAI-2FGz1o-2BTjgDAQbqyVAzmKDhAmfVn33ZplxNXqPLK-2B2K" target=3D"_= blank" style=3D"text-decoration: underline; color: #1D5080">Read online</a>= | <a href=3D"https://url6380.news.pitchbook.c= om/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgW= QkjpY2yE70mtuFtQh5JMynEp-2F-2B0ZsygXiW0c8xb0JNNkFtjTfdSBLrG5odLYHQXzZYap3xy= jo613CQL5EKIRNY6DZpApxW-2FtnBQxpZYVDpyvCJULc6js75N834Kg1wfc9mFqyoHZxYrhZdup= 1Y_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-= 2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7P= SW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I= -2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2= BFXOXAmUoL3mzono4GbfxmvKclAuBxGaXtUZPTgMDXq2rzDMm87lRiCIVjgChfKQVEjoNAb-2Fe= D6Z4z7WjYeNXVV-2B7GIcm28hFC2FubFQJUngMeu7CD9se6nhcbIZN-2Fao2KlnlmEurw1j11jQ= fB1ZhTalYSdtN2SfUnfnHFIEj8Kla5gL0eG0q1ztYeP2Gbdgwf5KNXe692yLchwI6nhKVO4KsW0= Mwr6cjW4MPQ-2BQARAzwNTcQWvJtjAe2G2MIsBpsr7368B-2BTG67IQeN62g4HBfH5OdD-2B5W5= L4xEvlJQl" target=3D"_blank" style=3D"text-decoration: underline; color: #1= D5080">Manage your subscription</a></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td style=3D"padding-bottom: 14px; text-align: center;"><a hre= f=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzUfjHFz38SEfwFXaHfaMzYSajzajs-2FKQ8UGQN0iBwSuHQ= -3D-3D8L5a_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM= 3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaP= oJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZ= q-2BC6-2BFXOXAmUoL3mzono4GbcjpjuI1IOeaFWyZdGZCozzOqxInXUfCA28N74e6LOQwuZ-2F= tZ3fWDicBFmleTp1dxB8ytK-2FQWQasBXYmb0iRtW1h-2B-2FrtCkVN9IfIKSMLgZs7s2AUjPiv= 2Xa4E0YsKfO0WKzSJinewPdTBvAdafKvPi7n7UeVpz-2FO5-2Ffh22D4REhE-2FHgvtQYdUWdJ5= moS54fYocyirt536-2Buf4N3fC-2BA-2FhAxhfe65ALrkanwvByDORNFUCABPGzi5VmofKLRFnf= SUMcsw5IJ2ZxvizBjMXOZAkkO" target=3D"_blank"> <img width=3D'1' height=3D'1'= opacity: 0; style=3D'display:none !important; mso-hide: all;' src=3D'https= ://my.pitchbook.com/ms/pixel?userId=3D3DUK23EBU6P5WAW&eventSource=3D3DZQDXJ= Q6VUBAECQE7XY5D5PSLQI&emailId=3D3DHQZ52V4ZKYZDG&emailName=3D3D6H3WX3QH7CXEM= MMBQSMFL245ZG625LDUYNYOD6M6QHVPV46EGQLU2DKV43QYFSZS&pixelPosition=3D3DUAZEV= U3EPI6EYRHRSC2KEHCFHGQ6ZMZBKVWWKQA.gif'/><img src=3D"https://url6380.news.p= itchbook.com/wf/open?upn=3Du001.3gwe9GsF-2BTAFq5zC5EhFQ2a8abB1qTlMwYRLNzMol= GjSmCPqRZuyzb5tQBOnSwcKyHSwJcDLWXybjcfzGXg6-2F3NNhy06Lij5eyovpZlIUpjC8aKbH4= dA0LkSj4vswGx3Ld42jOAxnSCn4lzpg0FFlYIlBS8Wv-2BeaHFSNm3rFG3T4EBO8eJcZZKVdoVX= gxPYXK8mugkWaG5AHuqjOh8rHw3o3ZHH9HVmHkmIH3ldM27Dkxv4-2BilFAl1V72VrG1NuZvu1b= RDmZhQ1BONvpKo-2Fhy6LLmRcAzv6tR-2BOHm8X7QlvP1jjnRlrjH-2B8GRdmGsfRXmIYdCF6OF= PBa65icwjN3pVW2Em1JCDwfedIA-2B8jmD85AVR3OpnVjN4wSmzzQBbkQrXQf4mBtErVwoS67ZY= penwx-2BCMoCOpedjhXiS6dCBQVxu6jsPRfvqF1XVPwuzvah33ZZw6eNMw9SUtihsR7NZgDPGEo= f6E1nJVBwqEcTJTkBgJA9ySN3sucByT5W11J7fmRyYYQDM5uyldgSD3ghNE3tuQq7sduNvi9noJ= Cm-2B3995n0RTieYfrhsw8LklMS0BnunH-2Ba-2B7fd4E4BfFNtQGA-3D-3D" alt=3D"" widt= h=3D"1" height=3D"1" border=3D"0" style=3D"height:1px !important;width:1px = !important;border-width:0 !important;margin-top:0 !important;margin-bottom:= 0 !important;margin-right:0 !important;margin-left:0 !important;padding-top= :0 !important;padding-bottom:0 !important;padding-right:0 !important;paddin= g-left:0 !important;"/><img width=3D"141" height=3D"39" src=3D"https://font= s.pitchbook.com/newsletter/pitchbook_morningstar_logo.png" alt=3D"PitchBook= "> </a></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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-2BaqM7ONnvsnswouzUfjHFz38SEfwFXaHfaMzYS6a51VI-2FH9JMSffPsJSeVpw-3D-3Du= 29G_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F= -2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7= PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971= I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-= 2BFXOXAmUoL3mzono4GbfWmefV4ZGjjzPtlruV75aICzzpZ7hwf4ObY1wEZfN6TmEyyzosEdlma= ejJhH0UJ72-2F8HIa-2BagtWtPpczge-2F2KUxBwSEScyMMaKu5VEQqv5Q51RQPAMOMYP72nStu= VeKQsQbEAVFEevStq13Qx9rYekSN22qSWt8qImFrSbEv-2FjOj-2B6jFA1O5X0-2FZlOzHCFTf7= -2FmI-2FhlLOmqNSsdg5fiQHxeW9dXpLdKbnPZdZMd9aXoWtD3pE5zxjdNPIZAs1mG9-2BIBmfS= zhH9tQnifmwInMhu"><img width=3D"460" src=3D"https://img.pitchbook.com/ads/a= d4569/leftbrainrightbrain.jpg" alt=3D"Ads" style=3D"padding: 0px; margin: 0= px; border: 0px; display: block; width: 100%; height: auto;"></a></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">=F0=9F= =92=8D <b>Oura confidentially submitted its S-1 yesterday in a flurry of IP= O filings</b> following SpaceX. Exit activity is down in healthtech, but th= e smart ring maker could make an impact as the second-highest valued startu= p in the segment. Read more in <b><a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUf= jHFz38SEfwFXaHfaMzYS70kHbCUREXQnTZqPx6WQkg-3D-3DY9p2_Pr966knuaHmaw6c7pKvB-2= BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQo= uXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZG= FTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQ= H6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfBVKMp= x22gsmRR-2BwH05BY3dpNrC4xWe9vgRz-2BNYpVQGzWcT-2FpH0xWY-2B6CRdlm46pOaU5-2FW0= 3XGHUAnGbvBJ3aKS-2FMPta3VJVsjSgHNxIt3tdZkMRmdMoekHfa-2Bgi9KBaEaAci4r7a8lGBi= 8igkorlVt27jN1eVnvhgb9FdhpyokX3shT-2Fs-2BopSL6Slsu5rDy-2Fayxd24TfhxJFPq4bVP= n-2FD7FP7BvzRN43ihpPnKcWrpG7niQqk-2BVYURDz7ZJ8JFUUI-2FK180qDBXBM6ff9ZfFEB" = style=3D"color: #1D5080;" test=3D"" universal=3D"true">our Healthtech VC Tr= ends Report</a></b><br><br> =E2=80=A2 Also, tell us how you're positioni= ng in the current PE landscape in our two-minute <b><a href=3D"https://url6= 380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM= 7ONnvsnswouzUfjHFz38SEfwFXaHfaMzYSbIsR-2FbocCpUhjZimVC2NLw-3D-3DFCiP_Pr966k= nuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9= RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kw= S9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUe= suZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUo= L3mzono4GbcaMjUZLkgmbXtXo7caThTfatGL4TXBt7VIKMySlJhrxBDN5Avm9UW1UbdaWTjZ9O6= dYMpw22f2HBF15LHbGOE2FuN8ZUQJRFHrJpPePhIOMDgwc1CnJ-2FbjhXk2GIDHygyiV5MFpF-2= B5XhN19w8acNqg460xUMQ0pum90IKuIEcnu9GLLwLjsbVeyGGEavXAdECeOI2AjDaD1yuDiW7AL= U3-2B-2FwrYuJXLRpMdBdeXdXUrqxVptkY6HXCWTYHAjMvmlswuFoUgoEWNk4aKUelLxJny" st= yle=3D"color: #1D5080;" test=3D"">Q2 2026 PE survey</a></b>.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_581094" id=3D"n_581094" 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;"> Recovery in mid-market fundrai= sing may be too little, too late for some </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Madeline Shi, Senior Private Equity Reporter</i><br><br> Private equity firms in the middle market ar= e inking more deals and pursuing more exits, and that momentum is starting = to trickle down into fundraising. <b>But fears remain that this recovery wi= ll not be enough for many smaller managers.</b><br><br> In the first four months of 2026, US PE fund= s collected nearly $120 billion=E2=80=94a <b>30% jump</b> from the same per= iod last year, according to PitchBook data. Fundraising for the middle tier= of the market ticked up sharply. Vehicles sized between $100 million and $= 5 billion captured 65% of the total, compared with 56% in the same period o= f 2025 and 55% in 2024.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPB6pRsTM= mZpVJaZHSIQp3Ow-3D-3DXYD1_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHM= mFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLG= lU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3k= saR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfJIAlLriOjdFmqxIOLTLI51IlzL16ltRE= ws0tExFkUwHwi8QG0MPJRmUrhNb0ptNJGN3PUDZrfuiuxBgOGH594F-2F39EHq0Gr7RrDrodsLZ= kx5gL1P2lfvspKS15JxCBvFAGu4aFTSswvGGfjca1-2Bbxd-2FxkJXPWuoZFsfSawkSCoJRtVol= 4ELjAihchfnYN6VcTVOc45cJcOj11BwbKHCzxKzp6FZoVqZPDuW-2BHi6b0q-2BoVaW-2FjWU02= 295zAe80XTGmLHXCoxDbwKUWYz3SbfzU" universal=3D"true"> <img align=3D"center"= alt=3D"" src=3D"https://img.pitchbook.com/news/74458.png" style=3D"border:= none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></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"><b>Mor= e managers, buoyed by pulling off one or two exits in recent quarters, are = preparing to return to market later this year</b>, said Ropes & Gray pa= rtner Steve Zaorski.<br><br> Not everyone shares that optimism.<br><br> Pat Lanigan, a partner at Chicago buyout sho= p Twin Bridge Capital Partners, said he expects LPs to remain selective for= at least the next 12 to 18 months, putting more pressure on GPs that have = been fighting to keep their heads above water since 2022.<br><br><b>That pr= essure is shrinking the compensation pool and cracking some firms from the = inside.</b><br><br> An investor backing PE funds in the middle a= nd lower-middle market told PitchBook they periodically receive calls from = partners at buyout firms who are walking away because their most recent fun= d closed on too little capital to generate the carry needed to meet their e= arnings expectations.<br><br> Many firms have to reduce headcount and hold= onto existing portfolios until a clearer interest-rate path emerges, borro= wing conditions become more favorable, and inflation fears ease.<br><br> Few expect the dynamic to reverse quickly.</= td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #40C2C9"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPB6pRsTMmZpVJaZHSIQp3Ow-3D-3= DYaua_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf= 0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzX= f7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN9= 71I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC= 6-2BFXOXAmUoL3mzono4Gbd8DxF6LI08EOKT0GmPterDt35mrQgTsQvngVdMx7dr2XgGcA0CLUK= PCrA1apFa-2BQ-2Bz9-2BCGVRvheXoo8ERdzzJzgazBOZrYzEVtRNfqT2-2BmC8ylk61jNOBlL0= EeqG-2BLbJFRVSAtgelgNLBgQ-2BOwnv3dFS8c5Zfm1NCwCDUO9LjYVsruDHOQJ-2BHZk-2Bz0r= UuxGi6J5X-2FagD92HlW-2FEN5LFo6w6O1V4AuIVlu-2BA7fMxzNW5joqYodIGbqch71AS-2FK4= U7u-2B90K1-2BpcPZj-2FkdLWcf3Zq" style=3D"font-family: Roboto, Arial, sans-s= erif; font-size: 18px; text-decoration: none; color: black; padding-left: 3= px" target=3D"_blank" universal=3D"true">Read more<img height=3D"24" src=3D= "https://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-= align: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated analyst note:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni= /ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1E= pYlQW282Ni9ppPtePy3XFbCxtqggHWOrf0EQ-3D-3DRS7n_Pr966knuaHmaw6c7pKvB-2BCEiDn= j5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3= qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-= 2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6Qhml= CpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbdPX06svOsFVr= zK4ICgLR3-2B8lzT5ci0eDguudLeU2Y6llfaDsLhSQzewSlteC9CaO0vTCiESWquytZTRXuDh6T= 5zXv21TX-2F8aInNmhO2-2Bte2j7yWCjrNPNOC8j-2FNq5G3Tx61kao5ZsnHi-2Bv7UYurEN-2F= UFkmQ-2FV9OS5Phtx3t23m1FLMa0n8duTBfWDx4ylGjknG7XBHMCMqdycXbJ6rerSW9uvtShjLm= KbIZXN2ECV6nYz6Dd-2Fz397LKwDK3BlT8iqiny6M-2FRjizgdnNvVjamrB" style=3D"color= : #1D5080;" test=3D"" universal=3D"true">US Private Equity=E2=80=99s New Fu= ndraising Reality</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 West Monroe</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_580886" id=3D"n_580886" 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;"> When AI Doesn't Travel: The Ne= w Risk in Cross-Border M&A </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"right"> <table align=3D"right" border=3D"0" cellpaddi= ng=3D"0" cellspacing=3D"0" style=3D"float: none; padding-left: 15px; "> <tbody> <tr> <td align=3D"right" style=3D"text-align: righ= t"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPINndyoy0tvuYO= QAgE9EDjg-3D-3DztFZ_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF= 6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2Fv= YjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iw= EBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbevK-2B7S-2Fqo5CIehAlkpjdaCkuGkteRbg35x2= t9mNKdCvwQjSTGEkdwwRvg2OZ7k4ZLmOqxf2DSbjYjE1-2BDYIRAGM58mDmW0XFJrrmpH9QoOjx= F7oNJnrCHO2BXY6kDQQIZBeSAaznClIZqbk7WckSrdsJxdAJwGsBFIvKYzYH63D50yvLQMS0jAP= uJIdlVwMo9LZ0ZpmYwYKkZkUu3mHL-2F2rZQy6lgEYRIJsU-2BanByYwF-2BKYF8Dcddv1lfmji= j978zkMa9fTxfMFmr0kXlfGDnJ"> <img align=3D"center" alt=3D"" src=3D"https://= img.pitchbook.com/news/74339.png" style=3D"border: none; width: 100%; heigh= t: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table>AI is changing what makes cross-borde= r M&A deals succeed=E2=80=94or fail. What works in one market may face = regulatory barriers, data restrictions, vendor limitations, or workforce re= adiness challenges in another. As AI becomes more embedded in operations, c= ustomer experience, and decision-making, deal teams are forced to evaluate = more than financials alone. This article explores how leading buyers are pr= essure-testing AI portability, governance, and operational readiness earlie= r in diligence to avoid integration surprises and protect value creation. I= t also examines how model architecture, licensing structures, and regional = compliance requirements can influence scalability, integration complexity, = and long-term operational control. Learn how AI regulation, model design, a= nd workforce capability are reshaping the future of cross-border deal strat= egy.<br><br><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du0= 01.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPINnd= yoy0tvuYOQAgE9EDjg-3D-3D4QjW_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4= BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIU= kHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEw= yLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3e= u3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfaFqUJa64x3xAebKk7z6rr4Xx3T4ta= BvTwRgrWBEVjta7m4uzvLUA-2BPu846Rl8TXIwU1Az-2FSCGWpSOB4GCsC2UWX1EMg1xQNCYWXn= HuTVXewl2RS4o5nEoiXmPwLRlANmS-2BODjUdz8jQMQg9tdJgaU2PsyD-2BvcFddJV6D9lsdear= HBHZPjPFeOIDQGI7G1mItgX80UD6rvKcOpI87OxkW8krx-2BSDJIvK1Jo5DNyUE4lvQLLFBqkZx= rs74TadMhSJTTsODeXJHpXGhZz0u87Mzv" style=3D"color: #1D5080;" test=3D"">Down= load the Guide</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>PE dealmaking in the consumer retail sector</b> registered a 12-year= low in Q1, as tariffs and oil-price shocks kept buyers at bay. <a href=3D"= https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7S= pSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPUy2ckfJp93HGUk2mgXXdVw-= 3D-3Dw1z-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3= uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPo= JNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq= -2BC6-2BFXOXAmUoL3mzono4GbenbCzGYLEH6YokC7mRMdoGfKZu1rSfa8ZRDf6Vf2kbu5N8LAa= wmuMa2I86Px176G91TDTj3RiPTOCmFXxwoRSjOFmpOUAmwzWTZBV5DOR5MTryEI-2BUAxv-2FHl= -2B5HFpVBf44-2FE9HZ02RaPdq4VI8h8coEI4eRuuFIh14e8e4p9-2BhHQJdpGN7ynThfJ9CEpr= kybTBmh2ZnbnLQ9f-2FTHGMIo4tPEvOo4jxzZhCA82gjwEKGlxT2Eb-2Fc36bLNulhuGz8C32Sz= GZG5tdjAzUYrpLrdLk" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= <b>Here's the report</b></a><br><br> =E2=80=A2 <b>More than 1 in 5 acquisitions o= f VC-backed startups last year included earnout provisions</b>, reinforcing= that buyers still have much of the power in the current market. <a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPv7-2FYMa0Ij92Hykl6vaJN= mA-3D-3DB_qK_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UY= A68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1fe= DM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZ= aPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5m= sZq-2BC6-2BFXOXAmUoL3mzono4GbfXkyw4U81VqPUioBcpFC-2F8OeF5wXT-2Fh0fW1vInzqGb= 5Z5YJW5g7d1r7RNj1VSVYzHI1HReJXELrnKBHwvcEMAkvlWgA2z5nrbouUOJDirWsWgZGbCv4u-= 2BXmweku7feOPhpki2EwaIWbce0jQ1GZXN0PNbuCSGsflBOKGeMZt7isuZpj2N-2B364EYZXy6n= ynbR8MXfo2ptkOXEZQC2TB11lpf0B1t8qLMUrjeEzsWFmPxrDiRKq0VOKcmrYP8k-2B-2FzYIcf= jHwLmo4ICC2WJ76UqwZ" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= ><b>Read more</b></a><br><br> =E2=80=A2 <b>Some US-based LPs are dipping t= heir toes back into China-focused funds.</b> Commitments had dropped dramat= ically since 2022, but investors are being lured by exposure to critical te= chnologies. <a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9pp= PZMnnHcfY7qoUJYq-2F-2BAHZGA-3D-3DvOYy_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0= YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxsh= Xys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerN= PRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1= Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbdZ04uirxCNfLEwmNaruNt= yimTgY8NmT-2Bpo6l1oO6igiGkVTjUBFYxYVvAOiRZjZS3XoSeZUwfYI0ZnMvH3FOVns8IQrHrs= 7kyGhL5gbeOH0dfgCuA328eA93UatlSYygJRqcKTZkN5yTSzAcJ5Kz50M8Ga6JZrlyyOUz0v5z4= EMeONW7JAjCOGgPCICR1lW4rBjQR171WmyuhalLhAVQ0RZy3oxi3Du8FuQ9w5ubm7Kt7dU-2F4B= b1S1g59JNAclVfsna1u3TigTlfYUaK6ZvJRq" style=3D"color: #1D5080;" test=3D"" u= niversal=3D"true"><b>Full story</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_581136" id=3D"n_581136" 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;"> What NextEra's Dominion deal m= eans for PE infrastructure </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Benny Wong, Senior Energy Analyst</i><br><br> NextEra's proposed $66.8 billion acquisition= of Dominion is poised to reshape the AI power investment landscape overnig= ht.<br><br> Struck at a <b>13.9x TTM EV/EBITDA multiple,= </b> the deal is one of the largest power transactions on record.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPkMdWbkA= 0tq-2Bc-2ByM3GaV0yg-3D-3D9Udf_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyI= UkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoE= wyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3= eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4Gbfr0s2a-2B9mnm9fhcSLPokLg-2B6a= lAsWkpLKzvqpD2gRdMYcGvIBviKir847ZqWIZDH-2F5Rs7obu0wpDcufLg5jE2sQVchg-2F233e= eS1slJdUQ2AxI78AASuyr4qBGJHhZAikf1AlwK-2BYZMk9cRLW8fhOxx4C-2Btt79HL0Dihf8q1= rcywf-2FWUHvcOsN5bxdFSds32faRqaIDTekEQpSplv793OAnHzSU3sEN9HHx0dzTIIX2x5m-2B= xniSFsmP7yIg-2FQ8zMOVIs-2BMG-2FXviat6kyNbB4fVR" universal=3D"true"> <img al= ign=3D"center" alt=3D"" src=3D"https://img.pitchbook.com/news/74459.png" st= yle=3D"border: none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">The de= al stands apart from other AI power transactions not just in scale, but in = structure.<br><br> Most power deals have focused on the supply = side, with buyers seeking nuclear power purchase agreements, renewable cont= racts, and natural-gas-fired power plants. With this deal, NextEra is acqui= ring the regulated wires, substations and interconnection in Northern Virgi= nia's Data Center Alley, the grid chokepoint connecting AI data centers to = power.<br><br> While PE has been circling grid and utility = assets in recent years, <b>no prior transaction has attempted to control bo= th generation and interconnection at this scale</b> in the world's most con= centrated data center market.<br><br> Our new note breaks down the deal, the recen= t PE utility comps, and what this could mean for PE infra funds.<br><br><b>= Infrastructure investors should be watching four developments</b> as the de= al begins its journey to approval.<br><br><b>First,</b> how public markets = price the combined entity will set a new valuation anchor for grid and wire= s assets, with direct implications for portfolio marks and exit multiples.<= br><br><b>Second,</b> if regulators clear a deal this large without inciden= t, it could trigger more aggressive utility and integrated roll-up strategi= es.<br><br><b>Third,</b> what private capital opportunities will emerge aro= und a platform with a 130-gigawatt customer pipeline backlog?<br><br><b>Fin= ally,</b> PE-backed data center platforms and merchant generators in Domini= on territory now face a more concentrated counterparty, with NextEra gainin= g leverage over both supply and interconnection terms.</td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPkMdWbkA0tq-2Bc-2ByM3GaV0yg-= 3D-3DkwJD_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68= NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3= uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPo= JNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq= -2BC6-2BFXOXAmUoL3mzono4GbdeqACGbkHQq-2FSdP9ZxPs0p6mliVCcKZUf-2FuFLM2kT0ViC= 4TWFb5mx9OvNoUrGxsHxurK98pzSf5eZlusBUmgIrUcoPav-2BH0jXjXIbPw1xD1Ucc6jx94ejV= iewOMy8B4ChIj11lFkQxU30RIE-2BQXGtVdvQf-2Bk9tkHaNgiajGHwDb4zZL6sI56Zj2xxCFE-= 2FeJDVI4BQTpBkiFEpm7RPUmOZbBG0PXn0oJjGPW3f1JhCYAsUT7IKG1KsCgkKNSrVOZmnJyd7M= fIQQGOSHsDm90LP3" style=3D"font-family: Roboto, Arial, sans-serif; font-siz= e: 18px; text-decoration: none; color: black; padding-left: 3px" target=3D"= _blank" universal=3D"true">Download the report<img height=3D"24" src=3D"htt= ps://fonts.pitchbook.com/newsletter/arrow-right.png" style=3D"vertical-alig= n: middle; margin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated article:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW= 282Ni9ppPt3SLTMSObSfJuGOIkDvVKw-3D-3Dd_uX_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl= JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5c= txshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJX= NerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKL= Zrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfGJjIjW06TlpJT7MX= FMTmKyINTiXRU0zt1oAlpKuqYqyAp75eKir9U9e-2BoJuV1shLUb1rVfUmh1gukFOb3It9Wn8z6= J-2Fpp9KYb6mp65ecjtmui9RMQoimn2xkDR9DYPipEL4XAPVllR49RuCwNVsE-2BiKI47hcr3eR= HxzGfDBjDipO8WRNoRJGvFH5-2B6jaJzoePc4qDsmEy-2Byahwv-2F5JdPvGkNgj0pH4iZzNRTz= vDlBMtTnGh7lu3Rj-2BoVXawS-2FqVdn731Ac2iDp0nRqd0ZXLFN" style=3D"color: #1D50= 80;" test=3D"" universal=3D"true">NextEra, Dominion combination ushers in n= ew era of power, utilities consolidation </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>A decade ago, WashU's CIO place= d a bet on SpaceX. That bet is now an expected 3,000% return.</b> The endow= ment's stake in SpaceX accounts for over 10% of the school's assets. [<a hr= ef=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw= 7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9ppPavYtqmusy0QRcfWhaJpB6= g-3D-3DxBlI_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA= 68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feD= M3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZa= PoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5ms= Zq-2BC6-2BFXOXAmUoL3mzono4Gbc78agTDlQZ4HXyyEDo-2FLOaEUF5u2kHy7jmrzHTnNio-2B= qCglh1ViXwhxmFlc4yYqKH8rxRUQUVfeePORqIKVzILjAwCzNBLNdAx-2BIkL0LopWpyRyvkmle= 9vwsAPbmMlDMLfEzvfELRh-2F9RI-2B1X4tcwjabPEYKwexJL-2FEaQoIYw79bXwVvKzhON9izy= rlKSfthekly5y-2BJgYWIUi8fPRpbW7K0G4h-2BRgTIax1hmWVu4omDNXKXPYS7TKnwugp7MgZM= cMzy3hP0AaochSfxRVaGjN" style=3D"color: #1D5080;" test=3D"">Bloomberg</a>]<= br><br> =E2=80=A2 <b>Ships may be further trapped in= the Gulf not due to politics, but sea creatures.</b> Over 800 barnacle-cov= ered ships are currently stranded following the outbreak of conflict in the= Middle East. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVK7-2BMM1EpYlQW282Ni9pp= P8ZlevgiYsS1iJAchpQdt8A-3D-3D7rDs_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-= 2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1= LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7= xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4= ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfP8ZieN8TIoyYLoRgValhnZyO= 25mfUU7xxM7gqNvPQqQ-2BR3QGDqyPwa4g7-2BK5H0a-2B11VQsrBlqovD2dczX4fhy2hqXkn6g= woACTiRkyFQ-2FFVrNbPoKwu6OD2cu7uGquqH-2BpX8qfZoMbmdfSnRp1jMT4C4K9O3OBzgQHQ1= 2m-2BGq-2B-2FCIzaSE0lBD0lN3tcviM4GLihDkyvtfgzx31WgnkzGfopOV7fDY5JNsJ8AYHFOl= WpRhjcjjZsk0jAQtN8gznZ8jC5h-2FGMlwtk422KsfGZXu" style=3D"color: #1D5080;" t= est=3D"">Financial Times</a>]<br><br> =E2=80=A2 <b>This startup raised $20 million= without mentioning AI.</b> Meet loyalty startup Lucra and see how it caugh= t ARK Invest's attention. [<a href=3D"https://url6380.news.pitchbook.com/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUwEnnADSmRXS4= B651W6SIvJ47xKoVl3wOuzQTRHJk1BQ-3D-3DclUv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5Uwl= JYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5c= txshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJX= NerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKL= Zrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfVII4L2M6mju-2FFo= 3T-2FebTd-2F01y3CA6qL6sYlPqi5617sVYRP5d9Dvy0YtJ04tP5rYwVu2nRz-2B5hUJ6srxe1D= P7IJaNH-2BfWKYz72dYkwp-2Fc6tDEjLyBCRMgwv4m7GoOBzS8ywqEiJ3rA7mqENAUkBJBuaQyH= haUYzayq3DDVOWVbQnnEpYyNfrknRt3qZgaEAlArs2foD0vH8v7zB4iBkvGBDLjpssBsnRoBfa4= LS5mRF3tMYcbveyNIpCRexO-2F7gLnzOlPA-2BHbK-2FMB-2F09s4jFy" style=3D"color: #= 1D5080;" test=3D"">TechCrunch</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 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-2BaqM7ONnvsnswouzUwEnnADSmRXS4B651W6SIvoQQqHw1Vgmp0C5Z9gsTX5g-3D-3DahB= K_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2= FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PS= W1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-= 2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2B= 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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;"> 684 </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;"> 2238 </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;"> 1119 </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;"> 38 </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-2BaqM7ONnvsnswouzUwEnnADSmRXS4B651W6SIvbi-2Bk6-2FyhyVRnlULQkQx3qQ-3D-3= DY8JG_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf= 0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzX= f7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN9= 71I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC= 6-2BFXOXAmUoL3mzono4Gbd9y8q7m-2FStlV4aLq2rKGY6VmS-2B-2BcAgdec6ozz71hl6hDbSi= VbUn84stFWI3neX9CBGnLGb72qlIjklXlzaucuCda-2Fkvr6ce9lLoOwacby-2BPwagOsAZQwIo= 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#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_581118" id=3D"n_581118" 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: 2020 Vint= age European VC 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: 77.81818181818181%; mi= n-width: 77.81818181818181%; max-width: 77.81818181818181%; 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">10.70%</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">13.75%</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-cash-multiples" style=3D"min-width: 100%; table-layout= : fixed;" width=3D"100%"> <tbody> <tr> <td align=3D"center" valign=3D"middle"> <div style=3D"font-family: Roboto, Arial, san= s-serif; font-weight: 700; color: #1D5080; font-size: 18px; line-height: 27= px; padding-top: 5px; padding-bottom: 5px; float: none;"> 0.22x </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= swouzUwEnnADSmRXS4B651W6SIvrRGWak64XYUabsyAqmRznA-3D-3DBJmd_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG= 5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbT= s2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F= 769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4G= beDP2ODYQFYthmdBbgjpQ6XchHCxxx5doDNf9bxZdyNA9FF1FhfsvNUUdxxERwD-2FwURfz0t2e= PQHmY8Pp7s5c7zSLP0fc7pIdHP-2BcWsmYi97mhVYvZGBXVaq-2B50hSwhQP0E-2FLjD65w-2FJ= nH5vcNadVYeDjUb6lKAj8at8Wi-2Bg4qo9o31mHCIwwL-2Fw71D8S8rCM8sobqLOZWtPXNMmhNv= siMZiRXlZGWP-2BHQwmhAKDTS2b7Cl95uYzWAxUmT89Zw6FUQekDyIuQv9f21YoNc1cGcx" sty= le=3D"font-size: 14px; line-height: 24px; color: #1D5080;" universal=3D"tru= e">Index Ventures X </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= swouzUwEnnADSmRXS4B651W6SIvGpNQDYjQ8-2Bgr6ux-2FFh1pyw-3D-3DjbkN_Pr966knuaHm= aw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticS= icqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTp= pbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPL= J-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzo= no4GbfbwS4BinkIhFad9rEBXfxeMhektC-2Fo4ICQeSkxwDC-2Fz4KWZ77JzHTUxRQSrzIZyTGA= I-2Bld0vMwEzZvoQ-2F-2FBbryEzvWkfbD9ae9H33JZWMMQjxC7hY-2BfFNZsCjIVeHybkTGc2f= lqoOzXaFwD1H49OVaWWy8yv59LJ9ls3xpRScj-2FaPNY25O9M69eu8nHLn-2Bt4ZvkpT59p-2Bs= TDQn29Y7DzDt6yKkJZoGCViLQpso1BLz1IWcozvLw0rGzpe5j8sTg78-2BVb-2Fi-2FMpxHX92f= dyG96YM" style=3D"font-size: 14px; line-height: 24px; color: #1D5080;" univ= ersal=3D"true">Flashpoint Venture Growth Fund III </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= swouzUwEnnADSmRXS4B651W6SIvLdlg8q7Xd30urz0tQ5i99g-3D-3Dgky-_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG= 5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbT= s2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F= 769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4G= bfMEqerutz6r7rn6Q1YIZoEDYJzQxPMUK6B0rbuJKpYlsRr2otzgY90pBJC9w6zTAEVJx6VqSVq= wdAkPYMKP-2FplbVgrsd1zGCx9PhbFgvy-2FWTxXsd-2BnNcqq39ILQRGI9vGRc8eAkshDqO6EW= 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out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUwEnnAD= SmRXS4B651W6SIvh9V540u1V-2BpwK1Qgo50EuA-3D-3DzmPI_Pr966knuaHmaw6c7pKvB-2BCE= iDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXH= JA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTz= kN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6Q= hmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4Gbe6D1mXpyv= MjSIRlAZuddw6mZ0-2BjkUxvait3TFlfJdHIgrqCwbCqpYndwFSwbq1Xdmi2TyhOEEcR3xrS-2B= qlq1Eqa2-2FJZgPilPTuSXrUxnqB1ZJonzgioNLFFa-2FzmYyuDqGXXZPYFI-2Bg8TwiFsyg1iA= b5zzrafEZTRnKzqytLgc-2BpBd5L2J6Teau8z44qE7OxGeGij3YQfxSiAPGN-2BrMMcyQU6MaLS= 2IXdaw2lv7bundoIa6T0FEb6jySTh5QZz1KP-2BWcpRAjoQzngd7YkHwycMY" style=3D"colo= r: #1D5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td 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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-2BaqM7ONnvsnswouzUwEnnADSmRXS4B651W6SIvGfyKq03lNIdAJqoHI= 3zMkA-3D-3DkhYE_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf= 8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM= 1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJl= eyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCS= i5msZq-2BC6-2BFXOXAmUoL3mzono4GbcwuEXCHbizLm8JPhGk95pxVXxjFG93wJfBU8gqvjznH= dHTcH4zFpPMDf-2FIXbJyEne9304egnuuwJiRwd5TqHZLBZXKIddgOEOFlRKuSX8xmR10vmw9rP= ioh5aUrdKD52u68bQen0hqyttvrfXR9-2FI3qmShoG2vWBrE0HoH8BHGOszu-2FInxXpR8MdA6L= citSPtnve2ei1Kx4JhuGIGRs95j5tfrjJwRf5d31qMfcaODM5IqrfuGjfOq0K2pDks-2FQ37jPc= 00ZGqqoEqECrAkx-2BBS" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Manus</a></b> is in talks to raise about $1 billion in a round that could= fulfill demands from the Chinese government for the AI startup to unwind i= ts acquisition by <b>Meta</b>, Bloomberg reported.<br><br><b><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzVs5eGbNBWPDjAlPOyx03VjJ0OZ4kzMWpavNqbh7vkwjA-3D-3D= zQ1F_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0= F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf= 7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN97= 1I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6= -2BFXOXAmUoL3mzono4GbdSrLAjcdoA1jectTzY9-2FqxjtDxcwW-2BYzKsswzJA83poUqPPSiv= 2g8yAgW26x1o-2BAQ2xbHmYcxNXu9sXvoB4fsewOnWEZPLcTs39Is2-2FFnLKpalJ6ks6Kyjj0B= TYyqpX1ykwMgex2-2BglMu0Z8jNhDX6cLHnsAR8ExALYIXPZ43g4bDVjLDjHp-2FrnHAebIE9NQ= VNPlnOZK-2F5xSSy4mwzfHh-2BSLhl0OiG4TUxmuMvLQF26UxeoVyvyzzBPC97OOC0-2FEnZU39= duX1uAMdJX2o3awLF" style=3D"color: #1D5080;" test=3D"" universal=3D"true">H= ark</a></b>, the developer of a personal AI platform, raised a $700 million= Series A led by <b>Parkway Venture Capital</b> at a $6 billion valuation.<= br><br> Cloud computing startup <b><a href=3D"https:= //url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf= 6GFa-2BaqM7ONnvsnswouzVs5eGbNBWPDjAlPOyx03Vj3UZFXUBZl-2BCz-2BMni-2B07e3A-3D= -3DZe98_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NV= Rf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uq= zXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJN= N971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2= BC6-2BFXOXAmUoL3mzono4Gbej4IVDCdtjgvs9jzFZI-2Fk94VuooKS5Wm3to-2BELd3oU7uLBX= ryoFwMfVeYHk6Os7wr0782oaxwTXsyIG7kgDlSiFvZm0yN-2B-2BkhFcdX9AluS7-2F-2ByUGwR= ArPG1JFR5gD-2FIVeq7kPBRPlMbRov7PTJwhsqv2Kd-2FI1sTInq7f-2FkHUxq5lSxDBesAr7Gp= nhirplcUnyy8asLmnvilSLYCY8Tbj7dyu82o11jMhMTepRf3kMJZ1ZVB8OFGQf8UvP6XhMwjUzB= auXoT5FlL4bvF59yNoqR" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">Modal</a></b> raised a $355 million round led by <b>General Catalyst</b> = and <b>Redpoint</b> at a $4.65 billion valuation.<br><br> Aerospace and defense components manufacture= r <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVs5eGbNBWPDjAlPOyx03VjHZmRz-2BV= iSWG1xamh1vfzqg-3D-3DzIw8_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQ= VI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHM= mFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLG= lU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3k= saR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbetMusJeIQP6bsvjXXnlDEyq-2Fhn5pmGW= WUess5NUXRY-2FQ8F-2BcO5ZTWCgpJ2mU-2FY-2F5SAEdwXuA9Ec2q1PDvz1jvx8BTYwGfPtAlG= -2BQw-2Fkhq-2Fwg3gyoJ8A9QXz5DWsFHQglCM-2FXEuU2e-2B-2Fq9XBjVst1B0cs6hm-2BPxr= qoaFrOOdPsTS0jN0CyQkkfhNd1AI719Rv2UiihSmDbL6ulzsVvRH3g0mhjVRUHU2pkT-2BVP183= IoBtxbofw0xP6kLQAe802uRwXNFdllS0WYkEfVUFxxPt93" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Amca</a></b> secured a $300 million Series B le= d by <b>Caffeinated Capital</b>.<br><br> AI search engine developer <b><a href=3D"htt= ps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSW= Irf6GFa-2BaqM7ONnvsnswouzVs5eGbNBWPDjAlPOyx03Vjvcox6m3mNawYslO5kcp7gw-3D-3D= MIpR_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0= F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf= 7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN97= 1I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6= -2BFXOXAmUoL3mzono4GbfOhBXk-2BBxYUZ9Lr1k-2FFV-2F4kzf69tzax4IY-2FPCE4mGlwOBJ= mAzqZWQoSavWwJRrAXnaJUzrMldm-2BYIvoHg-2FkZ6nPR8rdI80yZ-2F6iPIOxXix95v1cArRJ= nOMleNkLQij00sWuYkBXC6n-2BdErv2OXWu1gLMMXoZ9POPGcoR5E-2FaEiFnnHQF8H4nmbCGZQ= W-2BL1UuV7qJ1NEAhfTY5D3YSm9gDVbDFkpcymHBYEv9Ok-2BITLthaGwYLEbjLTDPeatBxbFp7= xeIJ6qZqOlUIsWcZnjwX2" style=3D"color: #1D5080;" test=3D"" universal=3D"tru= e">Exa</a></b> raised a $250 million round led by <b>Andreessen Horowitz</b= > at a $2.2 billion valuation.<br><br><b><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzVs5eGbNBWPDjAlPOyx03Vj4jz07LC64PZcnTacY1E2vQ-3D-3DCfIO_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG= 5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbT= s2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F= 769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4G= be-2FcO2KQInrYIHJN-2FXLNXgDAlIEMNrp3T6om2w6ZNrzmWz1wvsndLW6N5LMc5XUWYSIuYhM= PDR2gSxbs7XrrEkykchNHp395hd8BC0zBLN99DZXreA3874R4YBjrbNn5IP68AolRLyDBcAq0Qf= gglfgvSrUa5SRPY-2Fzs1NykQn8BWvf5is-2BzftweCS5GjOVVGMf75QOs9G0oYluRmdmbF1UZ5= UGc6aC5pME1S94auS3pzjfsQFElh8ZPdgVdtXkzPFO6YPbZ9pIZnHhE6NgJBJO" style=3D"co= lor: #1D5080;" test=3D"" universal=3D"true">Kalshi</a></b> is in talks to a= dd another $200 million from <b>Baillie Gifford</b> and <b>Layer Global</b>= to its previous $1 billion round, Bloomberg reported.<br><br><b><a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzVs5eGbNBWPDjAlPOyx03VjwHGekce8xD8I5iZBA-2Fh5Bw= -3D-3DtwFK_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA6= 8NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM= 3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaP= oJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZ= q-2BC6-2BFXOXAmUoL3mzono4GbdWz-2FEgIBQBJQ-2BHRo0iE36xeqXTVq82SCPFfN91ZYFYmE= lk0pzmcekpxuomNOPNBFIpFDfaQ6rjbkBP99v-2F6yxYvyn398W-2BIJc4YtH8r5yJkAFVvgGij= kcu7YHE-2F4hhTpsL8c8PUYmhKlSxfEolgOqDfJgfvEybZ83KUYInZu7YeihCzXiv0O7D2RKE3T= WY-2F40gsuHjVOboVT7w7HEWOR5R0eNz5ARNBZQrTkN9V3TDdQFNfdMcE6GKOXdyiFCouRsQWHr= gv5EKknORYU7wOwE7" style=3D"color: #1D5080;" test=3D"" universal=3D"true">F= arther</a></b>, which operates a wealth management platform, raised a $150 = million Series D led by <b>General Atlantic</b>.<br><br> London-based <b><a href=3D"https://url6380.n= ews.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7= ONnvsnswouzVs5eGbNBWPDjAlPOyx03Vj8akZ81-2FcExzcA10gUQnaeA-3D-3DkASE_Pr966kn= uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9R= ticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS= 9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUes= uZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL= 3mzono4GbfcRfDLYPE3gta-2FUU0WlVtfU0H7WHaUK7aoPExQQSB6gdq-2BWrE5g5O4lFg8SEo5= tkmrucp5STlY77CuTaVkQlg2OUgfKmNvpr-2F-2Ff6OyDVdHSRc0kSO-2F-2F53I5pxmvT9xU6O= hl79842JJQG6sEz37Ulv71uBiOPNJqprIt42Zxocxx9zsZjS3VBS5ugOvnKsAO-2FWch4FSFJeX= 3N16kEJRd42pdKrLFOJrjTzSnrdUEkgpypeyjEGg8-2FYe0IpEMF8BjR4amfcrml1AVeIm3w-2B= -2BAVxd" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Fresha</a><= /b>, the operator of a beauty and wellness services booking platform, recei= ved an $80 million investment from <b>KKR</b>'s Next Generation Technology = Growth fund.<br><br> India-based <b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzVs5eGbNBWPDjAlPOyx03VjlcEWPkXPB6COuLGkStnXdg-3D-3DvJFh_Pr966knuaH= maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9Rtic= SicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gT= ppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZP= LJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mz= ono4GbfFKkiNLTotyqBqtILwsA4IvfEgUfnND21iUmcDalVYNJup5WtNB-2BJXi5rFC1Z1Gwfda= cbv7-2FB-2F8zUTQvJLNh66uokbK9yLohYiSidd-2BY2TByi8-2FqAqf-2FEcWgMNw2nkzOZ285= ZDLQMME46aocglUMPCAiB-2BxyB9Dtfqtio1JpWavALGoBoCoPbU7VWAt8-2BTG44nHqXj4f5Iz= A4g6yc6Ti7aIhlz1f0ssaBDL-2BFsDvcqDN61OMRwkFVcB3rvnLUW-2Beiwu-2FSl7eeVO8XAA8= 5u2-2FkX" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Scapia</a>= </b>, a fintech startup specializing in travel payments, raised $63 million= led by <b>General Catalyst</b>. The round values Scapia at $500 million, T= echCrunch reported.<br><br> Cybersecurity startup <b><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzVs5eGbNBWPDjAlPOyx03VjcyKOtSXr8E17qmk0J1CmvQ-3D-3DzTVn_= Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2Fu= fH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1= FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2F= TGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFX= OXAmUoL3mzono4Gbd5IfuBJBP2fomuWS2g9OYA2L-2BK8nueFBEDOCA2j-2FjXsHv-2FShjkhgY= 31axeJQbOqciabJiS-2Fy7XEAgTD4xNm-2B0GwQ1MLCicmfYC7F-2F7Ld1-2BkUgZDAhhbr-2BC= pfv37UZj4YRSGioCA-2BIvrD-2F89TEpCBdKZidNCIPijAB5FMM0VpS94CEslDZUrN5ijp52z7P= -2BCl90y3rp0GVjfyR53YFcNQq37DBZ5rnUjY-2FTYuIl3-2BDCCjrijLJv-2FoeKnryYCKiezQ= 0SeLSh33r-2FDRieF-2BGsIANj" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Socket</a></b>, which focuses on the software supply chain, secur= ed a $60 million Series B led by <b>Thrive Capital</b> at a $1 billion valu= ation.<br><br> Paris-based AI-powered procurement startup <= b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n= 73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVs5eGbNBWPDjAlPOyx03Vj6gnaXwwG3j2W= jP-2Ba5q9nWg-3D-3DA_2g_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI4= 3kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFj= LcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-= 2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR= 5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbcSFFhOJ0MZ5rWOcJgy2fX19bNqAV-2BBDxhD= L9kB7jNvykwDvYDeo3gue9s9uJkzddnmAo0c2E2-2FZbSPkD23Rqv-2Bo6maWxaOVvcgVB-2BEH= 7KtjV9xU9Cg4cVUF-2F3naqDrVl-2BA4TYJYFgHdu4shjVyVpwX9T4cV0XUAC44uaAy5isQwukJ= EvpYuRqldgmMA7n-2ByJMfnne7T6Uas-2BVekXi2vPnGgegtKr0E0vR-2FqRF8h8V8G2oiBI7Ol= 2YmmLtxvqQWIDKBs37mnFdAvsQZHnk6EkR1" style=3D"color: #1D5080;" test=3D"" un= iversal=3D"true">Pivot</a></b> raised a $40 million Series B led by <b>Fore= stay Capital</b> and <b>Notion Capital</b>.<br><br><b><a href=3D"https://ur= l6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa= -2BaqM7ONnvsnswouzXuP-2FwWhqQbOfEC5BgLLWaO34t8VUfz31ajJ8Vf2OkgBw-3D-3D_c34_= Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2Fu= fH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1= FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2F= TGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFX= OXAmUoL3mzono4GbeKhFJWiitEYQspOXYebwgLyoc-2Bj9Gq8-2FYnQvIaZf6HPGlgJKOV3720N= MRJiIEjObl02Ed-2FqVvo61GPJnqerzAVw9mx8KQ8ptTTEyR9PNFcTgwQfxJ1uHgEHdQYn-2BEk= 59vLM2X08k1s5BbKhoISQi0BPw0es-2Fg-2FzDKyMje9VZ5ikrfvWdasii8vPLh6j6oug-2FJuJ= LLgYWpDGBbQbCxvpoJllNGUYs8vOnEQ7vBEdG20U0Q8n4HfvN5lBL91FSk2bG5gj6MTtG4Pen9s= bJdrVzC9" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Prelude</a= ></b>, a Paris-based digital onboarding startup, secured a $20 million Seri= es A led by <b>20VC</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">Washin= gton, DC-based natural gas company <b><a href=3D"https://url6380.news.pitch= book.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswo= uzXuP-2FwWhqQbOfEC5BgLLWaOpr1cvLJR-2F-2FPjJLe4WZmyEQ-3D-3D17Dl_Pr966knuaHma= w6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSi= cqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTpp= bbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ= -2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzon= o4GbeyXfCQlIJDDKmdL9zm0BlJA98AAB5FNyGym-2BX-2FiZ9AVLz42v-2Fjexyly0VNMXvGRjf= 4HzLayGnxwoWLYzS-2FeqVZEG8EqcIuStmv30eAZMc5XPdo63dFv2ux8mIVdrLQ4R2-2B8bigZn= ZFdB9XFeqrv0-2BDn34NkdXU-2FcwMwf-2BxwXhrgrilB94phBdi8mGH3q-2FHdiTwSeQwIwyoA= RBrnipSta-2BofIEZQ34lwMNTxPE5u8jYlsFDNgVwK1czrvmd-2FGFtwuiIlCtWTwbwT8pYEZtg= ADP4" style=3D"color: #1D5080;" test=3D"" universal=3D"true">MidOcean Energ= y</a></b> received a $120 million investment from <b>The Arab Energy Fund</= b>.<br><br><b>Accel-KKR</b> invested in <b><a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzXuP-2FwWhqQbOfEC5BgLLWaOuewOOscqVcqstHgM-2FY3-2Fgw-3D-3DOK5s_Pr966kn= uaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9R= ticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS= 9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUes= uZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL= 3mzono4GbdAhmqt3mTJoHGYBgTVoxIaphOsMo3Lqvtk39qtmvVllyEpRFpb1IZxdLgAcZya1aBS= Oj2DtdAtD1IOGlOnYEiW0kBZHDTVRN0dhLUZNSokMBwGagqYmj0MnPFMQ0Ivv5AzJnblq4yd5Cj= jDzolywiUoK6Zg-2FJz3XSy2Amv0LyxZ7FhiVKYb5UjJkospD39RoBbKYH1SqHH7erUvcmCYA4p= 3znbWPtGNVi3q2mmbnkBfarJ22Z-2BRDYpIaObrjHW7-2BA1k8ENrzADjQ-2FXI-2Fu-2FJ13K"= style=3D"color: #1D5080;" test=3D"" universal=3D"true">Upkeep</a></b>, the= developer of a computerized maintenance management system.<br><br><b>Brega= l Sagemount</b> led a growth investment in <b><a href=3D"https://url6380.ne= ws.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7O= NnvsnswouzXuP-2FwWhqQbOfEC5BgLLWaOy7AQgLWLgWUc6pWP8pn0EA-3D-3Df4bl_Pr966knu= aHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9Rt= icSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9= gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesu= ZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3= mzono4GbcboICOI5-2FqIbOIJSJk-2FsANCZYa7NEe2SlOxkj4gqsfSEenUQCVkM2OOGsadQ5Um= rycdbsINO4dnMopcCZC7g1KkbL5H09lTZ8jTMvXWHu4pPC-2FoBe6z5cG2Zkjb5AW8SI-2FF1cb= PScPY-2FmnXMH0ZM9nhyqWGb7yq34QT4mGaYbeisIFNsVik8HgleLh8bXB0ibnWo4-2BT8FWbFk= rsvERGRjuJIG20QnFJbpfp-2FqXVsi-2F9wSDhxfraEPmqz8TL-2BAbr-2BvpvsKPlRFGoPZM3S= fQMr5M" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Ennov</a></b= >, a Paris-based provider of regulatory, quality, and clinical software for= life sciences companies, with participation from <b>Ardian</b>.<br><br><b>= Graphite Capital</b> agreed to sell <b><a href=3D"https://url6380.news.pitc= hbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnsw= ouzXuP-2FwWhqQbOfEC5BgLLWaO5pEME4FqGnE1d56V5vicBQ-3D-3DGYc5_Pr966knuaHmaw6c= 7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG= 5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbT= s2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F= 769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4G= bf5TbKio-2BZiq6iiTFdng-2Fzi22gNBAIuX1yobaAIXChHdbpgz4WpjP8L8i7vfh4tHi-2F3Je= XbY0VYIb4kvMl1glS7kUHWHIpu8S2MJ4c6QOYIIG91RJQlgBTIepmW-2B89uyPtbzdm017l70yU= HlQ8BzR1EXOfNcWUULyUairZZLLYpVt41tp34te-2FpOIKts6xoGpmoj5tSq83-2FRdAEFuQlBp= Nu-2FKZTr3wV89EgTbw7JmReMr2jGuH1Zf1goff6yOY4StdK6DG4Ck3VLenmLGUt-2FWQp" sty= le=3D"color: #1D5080;" test=3D"" universal=3D"true">Beacon</a></b>, a Londo= n-based operator of a life sciences data platform, to <b>Corten Capital</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>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>Pro= vidence Equity Partners</b> is exploring a sale of its controlling stake in= <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d= 4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXuP-2FwWhqQbOfEC5BgLLWaO2CWFSrqV= BqCbpCLsSTOq6w-3D-3DKFX-_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQV= I43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMm= FjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGl= U-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ks= aR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbdI7YZxFFVHNLeBhFTEnV4tcn7lrJfimvEe= 3h8crBfgP8oL9esDnmfDjWOKxuLuwZ0Demv8MpcaZ-2FqugFFaX-2Fn42M-2F0IZB4VYfKHr-2B= vLzew1k7CjZAS5BJ4ciF0Xe1pJUO-2F1sg7IGHj9pKmvwq01ZEjzOFftBz5c49fVkX6LqFedoGW= vi3p2jmsfNN-2B8r5qnrvuQEj2o56t1NuaFiKOUF9Kzq4Y64xUIC0tY5pBz-2F787ThgyGPnh6R= lYK5-2FUkHqnDRi-2B-2BFy-2BJAvBPLIT2UXXxOH" style=3D"color: #1D5080;" test= =3D"" universal=3D"true">ATG Entertainment</a></b> in a deal that could val= ue the London-based theater operator at more than =C2=A34 billion, Reuters = reported.<br><br><b>Warburg Pincus</b> is selling its 93% stake in <b><a hr= ef=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4C= uylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXuP-2FwWhqQbOfEC5BgLLWaOkpYCRU6fqRnv7Vwtg= mh-2FdQ-3D-3D7uBe_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMc= Vf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6x= BM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYj= JleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEB= CSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbdZWN8I2VC9-2BiN-2F0E4dIrJ6b-2F5Ff7sRn8S7E= 9rvtqQ0xGwKauAhI21UHeN89yUTs39zcsrqqyUW5AwM1KY0H2TuHJW5ZR1HWcAgPSEeAyAPrWRU= 8WZJpojlwR538KYhflrVmzV9gjcunjuzPI2DnyB-2Fa-2Fes-2BvyIGun4oBTfTC6qPnXtjkt-2= FM8qtfpn7CHHCfIuPPOtz777XskAapj-2FjBE623S7pLG59B4-2FeUPbiqJs9hOj9Ps-2Fy5OTu= 0tMmV9yta2kB9cnRcPmZp3pBoKnLrGQv" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">Singular Bank</a></b>, a Madrid-based private wealth manager,= for =E2=82=AC300 million, with <b>Intesa Sanpaolo</b> among the suitors, R= euters reported.<br><br><b>Goldman Sachs</b> and <b>Quadria Capital</b>-bac= ked <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du00= 1.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXuP-2FwWhqQbOfEC5BgLLWaOsyfS-= 2BikdfDi5otpVdswIyQ-3D-3D70vv_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyI= UkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoE= wyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3= eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbdB5ghP5SKqiIm7W9xcmTN2rht3gQV= 7CGPbdDkYRH9uUcVogRO6O8WGoc2qk8Ej-2FlHWRQsP6YVtCHpJRVlk1L8HicoCAGMpKJmfcHu9= y1WgaYEMgF0cMeF3xLaftmngdg3KPfQltKfFSzShiGMMhC776g7AL3oDK54-2F0clUEsZhf1lWW= HtD9n1WRV-2FyIP8ANQpL10-2BJwNWDjDXB4HDZRn9FkxOCJ6ZA5Bhm6m-2BlFH0LfJVMWIQLkO= DXE2nFMpVnsdM1CYrC8znHfBB3DDsl5zKi" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Aragen Life Sciences</a></b>, an India-based contract resea= rch and manufacturing firm, is in talks to pursue a Mumbai IPO that could r= aise around $300 million, Bloomberg reported.<br><br> Nuclear energy company <b><a href=3D"https:/= /url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6= GFa-2BaqM7ONnvsnswouzXuP-2FwWhqQbOfEC5BgLLWaOu3Ag7JDQNk9p1yEGXLbsJg-3D-3DCv= uK_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-= 2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7P= SW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I= -2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2= BFXOXAmUoL3mzono4GbedOpO-2B6RyZMv7EmAQkDSMyWnnTCUdJgrN4F5H4Hqny-2FEc84cNPfi= sJGi-2B-2BNhJCt2AbmrW8ry9D5lAmaNF-2FxX0-2F-2FGRmcrE4vKO4-2FI9YlbB8rrOEf1a1p= P6uoBR9EqISuqzKrB2ZsQuKacvSAtcNajyzN6WQRzqAoY-2BVOFIvG-2B7kDctP8hEAxIR9jIqO= LWlwNY7-2Bi660C2Q-2Fi9PdF-2FyNRkBRzFP4AJUKG-2Bo9lRA44YgPmlopXSOtprE7vYmQK8V= ZLiOZM7954vCD5WDMofKoR1sS" style=3D"color: #1D5080;" test=3D"" universal=3D= "true">Deep Fission</a></b>, which is backed by investors including <b>8VC<= /b>, is seeking to raise $156 million in a US IPO.<br><br><b>SoftBank</b>-b= acked <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du= 001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXuP-2FwWhqQbOfEC5BgLLWaOYVH= pay2edkH02GLCMlYkQA-3D-3DEdAa_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR= 4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyI= UkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoE= wyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3= eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfJnFLbu-2BIlXPaGNkePorR-2Fh2j= FhTWFXqmJUlzbh-2F5OILtNQxyzM6TCeG2jk-2F6bXWl9OofSYDZWitEqMriI0M6kzEnj53IrvI= XX4eat8vAl0KrLFPdFuYKSXSd84Th5uzoTFOjGWiMyPw0fNK8zEiy8C0JYkL2uOQ-2BylK1P2J-= 2FFFwMkefsH1wmAjXcPbQvMICkuFfnrQuFqNFd9BOnsUzdDsRIDXk86Wj9Od6L75NCTuCfnqGmU= mi-2FVSH4ZKg0VGzc-2FL4siaWBe5zZLA94b8GQg" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">SB Energy</a></b>, which focuses on data center infra= structure projects, intends to confidentially file for a US IPO.<br><br> Crypto asset company <b><a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzUGqxvmqxV2hRaQ2HJaYgK-2B4OBMfoEEXiD9TaFPOAU88g-3D-3Ds38h= _Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2F= ufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW= 1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2= FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BF= XOXAmUoL3mzono4Gbe-2B-2BCGI5-2F0piw8-2B0caPffxXbeVUQVRRNOXvc9ygkuf2jhTePEMS= q5lkhFG7IVPgXqg5-2BdG5PHvvZE9Xnmz4y9dio3fp2widsbM1RUEvm8IgUfizAztsQxWF37H3-= 2FomfDasQwJw2ef1Sk1Erb5oFcC8Uekp6C1yHQ6zt-2BzFwjkRaSfycW7Dz7RezQcqdcCgXRhKM= yNQrOXqh8C4YxkvbNHj3NYn70JSCWxNvaswcGcMJ-2FOjn4aRJpVqerjR06zeQ6-2Fr3JpruOmC= tnzLtggF4m-2B-2B0" style=3D"color: #1D5080;" test=3D"" universal=3D"true">B= lockchain.com</a></b>, which is backed by <b>Kingsway Capital</b>, confiden= tially filed for its IPO.<br><br><b>Lone Star Funds</b> is considering a sa= le of Germany-based lender <b><a href=3D"https://url6380.news.pitchbook.com= /uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUGqxvm= qxV2hRaQ2HJaYgK-2B1vmNc5NS-2FeX4ucUtmEV0Uw-3D-3DD512_Pr966knuaHmaw6c7pKvB-2= BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQo= uXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZG= FTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQ= H6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4Gbch9IB-= 2FU-2Fqs74nefYxw-2BeW-2BEWGoxSQpTib9XP6ff6EQUrpe81wv-2BWft5YyLGA37yRkP4cJ-2= FI0kLzCNebhkumc-2F1nMbPDckawwWBlDQJVGiTm-2Fo9fGa5DvFQe6os-2Bygm1IKEbOIP2dtb= qoDEDpNz15MbW-2BXI1r1J8I9t4m4XBJMiyosmQeiZRiUZlEcKu04elvl75vfxg7FY8SY0NBv7-= 2FGU6IxIdzVkaCqPSmQpC-2BOucJ-2FMmU8xKnmtEiDkfpEMo8yYlFQAFA-2BISJBrllSqvy3wq= " style=3D"color: #1D5080;" test=3D"" universal=3D"true">IKB Deutsche Indus= triebank</a></b>, Bloomberg reported.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Fundraising</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUGqxvmqxV2hRaQ2HJaYgK-2BWEy9jK-2F9djhOY= nwAgbl-2BxQ-3D-3DuSJ5_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43= kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjL= cF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2= FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5= iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4Gbc0jOh7ZR9ZAE-2BLAbnkPtN07qtvvobJFsMgP= vPD2OxtJ8G7J3wS51dUlLbLrE2UAQ4Nfv1OLgqqL-2BdS19TwoP7hL1m0Pg5d-2Bi-2BsEU61YC= mwLJfu-2BvJ5QbnasumjwkPnf6ko3t-2BAiIEov3D7V2huWTQfRpS4g4G5IVYRnKD0aD-2FqgDO= ZaXSHo9CJOtGueIqy9-2FxE0bJ8itWnPTUjBoGk237Gcjm1yMRilsScCLzZWFvaW2aHfrW2a-2F= hnh1fR3UwP8xMOltw8jK6vlrO9k9BsZiQd" style=3D"color: #1D5080;" test=3D"" uni= versal=3D"true">Convective Capital</a></b> raised $85 million for its secon= d fund, which is focused on disaster resilience.</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>Investors</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-2BaqM7ONnvsnswouzUGqxvmqxV2hRaQ2HJaYgK-2BS3ND8fUi9odfqn-= 2FxNW6Zcw-3D-3D9Ada_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF= 6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2Fv= YjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iw= EBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbfzdhWKXYud9AeTMKpA4vRrWm6EnwzoHbewCFEvZ= wM6nQp-2B9ZEny4tUfrtpfbm2i4X85cS9r0z3tRpZPffYEycjqav1My8CdDyRwPsJWfkhah1NSC= PUN6DwtC6A2mPwM7Abqv-2FXihUhAozcF-2BOmxrnDXHe1xFplNfKdQQECr0kHCPGx7KbXzv8Vm= kTjSuHvHsJzaLjTV6WaRd0foYS9geKtbkvukYlQXyNvyocwbSOVPTIveGgXHiA21kdEwP94rYMR= W7TQAhbyyQ2Mm8VBS8uA" style=3D"color: #1D5080;" test=3D"" universal=3D"true= ">JPMorgan Chase</a></b> is looking to offload risk tied to more than $4bn = in loans to private equity funds, the Financial Times reported.<br><br><b><= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUGqxvmqxV2hRaQ2HJaYgK-2BgsK4WYzushpN6= Aif2UlFrg-3D-3DepSB_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kb= McVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF= 6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2Fv= YjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iw= EBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbemVOasPwj6xXWfDYzk6V3Cp9s1rZ4NCtTsMqfXJ= -2FjDymf9ER50E3UKNTpJ87rcrTi410WQrx-2BtRfpYjJyVe4rEHKj7C6POUmBFVgSI2cI15IaZ= FkmXpwSvBRCBY5qhZ0zeqHRrB76c8NkRp0FrxZMeYHEuw-2BWHfsAagYLzTchHOtvVooCG6UKwF= v7dS-2Bi9gGdUYkKXqhrWCzNMdoM52v-2BU8G0B5xA-2Fjchcyf2ZM2ye75wtyWaQz5hdgvumOe= nWIM7zQSIkYhjor-2FPaxzcRs8JS" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Partners Group</a></b> has launched its control PE strategy targe= ting mid-teens gross returns and an initial gross annual dividend yield of = approximately 5% to 8%, focused on industrial manufacturing, distribution, = healthcare and business services.</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>Chart of the Day</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUGqxvmqxV2hRaQ2HJaYgK-2BTKl4hIF= mK43RF4EJHlOd-2BA-3D-3D-uuH_Pr966knuaHmaw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4B= iQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9RticSicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUk= HMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gTppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwy= LGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZPLJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu= 3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mzono4GbdUlYxHOWo1cHdbQYQHI6kJCnmCkyJnO= XrPrLsV8-2BfUHVZLShh8NCcYTce9jl15Y-2BxH3thzqD9X9zPZi3Xq4TeN3pllooOMcKU4-2Fe= Xk0Bp1YD9i20RrVf0N3nz3U7GCVvtdJIuupzJl9-2FWTZuXwFk0-2FMkuUDAFqFoCfO2XbyjtDA= obNcl6Zw2rxVDTdygNSajWipdNfvp7nyXnOXWVfs1M1XPgL0uzv2-2F8EzOwfDwDcD6qNkWer24= huDVoSsQRR6Y5tt12iCXmar2k-2FBwXdfLQO" universal=3D"true"> <img align=3D"cen= ter" alt=3D"" src=3D"https://img.pitchbook.com/news/74415.png" style=3D"bor= der: none; width: 100%; height: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table 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">While = total VC deal value in China has declined sharply from its 2021 peak, AI-re= lated investment has held up in relative terms and continues to account for= a growing share of overall venture deployment.<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzUGqxvmqxV2hRaQ2HJaYgK-2BTKl4hIFmK43RF4EJHlOd-2BA-3D-3DHpTB_Pr966knuaH= maw6c7pKvB-2BCEiDnj5UwlJYL0YQP-2BHR4BiQVI43kbMcVf8UYA68NVRf0F-2FufH2Dr9Rtic= SicqG5GMEIQouXHJA3qPR5ctxshXys1LDyIUkHMmFjLcF6xBM1feDM3uqzXf7PSW1FE47kwS9gT= ppbbTs2amBZGFTzkN-2BKJXNerNPRO7xaoEwyLGlU-2FvYjJleyZaPoJNN971I-2FTGhEUesuZP= LJ-2F769nRPQH6QhmlCpVKLZrk1Mbg4ENp3eu3ksaR5iwEBCSi5msZq-2BC6-2BFXOXAmUoL3mz= ono4GbeWelSXY-2Bo2aL-2Fc5kkB3-2B-2BWh-2BOVETOPKwTwcCyJ5nfopoyIGpEC6fyNtfDQQ= qdKDU2VVfp83TsHLNfjVakMcvElhoSA8JiqTssq0m12nLkh7Evk-2F-2Bs4IygpRW1-2Bx5ervW= tejOkcZUUAyVZ30iGtdxxUa6Ibuki7JHuEjOqxDHwT1Jogd1c-2Fip4kEOo0sktlFWXHE5TAGQF= d-2BVUnQLAtLZnwhq2pWX6ZznMCJi9-2F9QNfnQKB4hCWkrmpJ8aPs-2FCb-2Fc-2Flxk54gjCS= d02biA8OPX0z" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Where = Capital Is Flowing in China's AI Market</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"> 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