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Content preview: PitchBook Newsletters Defense tech VC's graduation; TD Bank seeks credit partnerships; DigitalBridge's high-voltage acquisition May 28, 2026 | Read online | Manage your subscription The Daily Pitch PE, VC and M&A Your edg [...] Content analysis details: (0.8 points, 5.0 required) pts rule name description ---- ---------------------- -------------------------------------------------- 0.0 T_SPF_HELO_TEMPERROR SPF: test of HELO record failed (temperror) 0.0 T_SPF_TEMPERROR SPF: test of record failed (temperror) 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid 0.0 KAM_DMARC_STATUS Test Rule for DKIM or SPF Failure with Strict Alignment 0.1 DKIM_INVALID DKIM or DK signature exists, but is not valid 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 LOTS_OF_MONEY Huge... sums of money 0.0 T_MONEY_PERCENT X% of a lot of money for you 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; charset=3Dutf-8"> <meta http-equiv=3D"X-UA-Compatible" content=3D"IE=3Dedge"> <meta name=3D"viewport" content=3D"width=3Ddevice-width, initial-scale=3D= 1.0"> <meta name=3D"x-apple-disable-message-reformatting"><!--[if gte mso 9]><x= ml> <o:OfficeDocumentSettings> <o:AllowPNG/> <o:PixelsPerInch>96</o:PixelsPerInch> </o:OfficeDocumentSettings> </xml><![endif]--> <title>PitchBook Newsletters</title><!--[if (gte mso 9)|(IE)]> <style type=3D"text/css"> table { border-collapse: collapse; } body,table tr,table td, div, a, span { font-family: Roboto, Arial, sans-serif !important; } </style> <![endif]--> <style> /* Windows Phone Viewport Fix */ @-ms-viewport { width: device-width; } .mobile-only { display: none !important; mso-hide: all !important; } .desktop-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 0 !important; } @media only screen and (max-width: 800px) { .mobile-only { display: table !important; mso-hide: none !important; } .newsGroup-border-mobile { border-bottom: 1px solid #C3C3C3 !important; } .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;"> Defens= e tech VC's graduation; TD Bank seeks credit partnerships; DigitalBridge's = high-voltage acquisition </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 28, 2026 &nbs= p; | <a href=3D"https://url6380.news.pitchbook.com/ls= /click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUujOTxgn-2B-2= FsDMqNaStuAd6HEOR4pu8-2B4KlYhBAnfuh1g-3D-3D27KH_I3w5d9c01gkD8gLzFEofZR-2Bh6= VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE= 0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTc= eojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpy= D7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdXEHbLl1kv50yXEeLpAl-2= BOOuU2LoC8Vo2BGUxs1C56cm4XQkuhbqgdN0kd9Jvq0hXCIwwxrcFzhOUyyVcof7scFTpr12BSc= zGkH98Wl0cSy8D0iAnBFrAoJ8tHadA-2FaXbbmrAXgmke8S2XyDJKbm-2FwedD08IvluJs-2BqR= q7Sa7D9vNvcjieIoB2SOruDDEI3zC7y-2FlV-2FOPB-2B-2FWJjghSMlpb9oSTnYjrLfccHIJZ9= ElMzoS8QcVod4VxRv8iPgnQh1-2B14U5lJqFXmJpnKndxzMw-2Fx" target=3D"_blank" sty= le=3D"text-decoration: underline; color: #1D5080">Read online</a> &nb= sp;| <a href=3D"https://url6380.news.pitchbook.com/ls/clic= k?upn=3Du001.d4n73BrX4Cuylw7SpSWIrYCQ-2F7Wx1VdE7sYl12opJBSgX8wjgWQkjpY2yE70= mtuFtQh5JMynEp-2F-2B0ZsygXiW0dASWMAkXrIC3kg-2BeC0SuDoyGjKHmOSdfo63E0RLyaXhm= tZcu9qypgyxWwak1NhA0fr1BvoSfYroDWM-2BVTS0oRt95U99Dcs2eVuP4ojBepwdxeXm_I3w5d= 9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxM= IX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2B= yxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJv= qwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6V= dWKUGMvrO7ggJCVfFTnly6gBIWgL4q4pTJzwtkcLYDsZMszx-2B-2Bx99iBdMhddvOgnbF9EP-2= BFJKzScGQ-2FAAkc58YtqAOtndkPbyzvrzObscrwLc8NjFlYSIzSgPXVZHszswimvcilw9FCYxC= c7G5M3vPG0Lli2UQjT3IuJ36jVFrK6a68ymB-2BW5ZuZqVnRqhophcQ99PEHQRQR0Mp-2B3FADv= dn805xbx3xZKPMMIwgATmMTtpT2HtmMDed2KZnHTWXpYxQV-2FuiHLby-2FfFdq14kSOMn" tar= get=3D"_blank" style=3D"text-decoration: underline; color: #1D5080">Manage = your subscription</a></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td style=3D"padding-bottom: 14px; 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font-family: Roboto Serif, Ge= orgia, serif; font-size: 44px; font-weight: 500"><span>The Daily Pitch</spa= n></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 24px; font-weight: 300; padding-top: 9px;"><span>PE, = VC and M&A</span></td> </tr> <tr> <td style=3D"text-align: center; font-family: Roboto, Arial, s= ans-serif; font-size: 14px; padding-top: 11px;"><span>Your edge on global p= rivate capital markets</span></td> </tr> <tr> <td height=3D"38" style=3D"padding: 0; line-height: 38px;">&nb= sp;</td> </tr> </tbody> </table></td> </tr> <tr> <td> <table lang=3D"x-content" cellpadding=3D"0" cellspacing=3D"0" bor= der=3D"0" width=3D"100%" style=3D"min-width: 100%!important; width: 100%!im= portant;"> <tbody> <tr> =20 <td class=3D"content" width=3D"460" valign=3D"top" style=3D"ma= x-width: 460px; padding-left:5px; padding-right:5px;"> <table lang=3D"x-main-content" width=3D"100%" cellpadding=3D"= 0" cellspacing=3D"0" border=3D"0" align=3D"left" style=3D"min-width: 100%;"= > <tbody> <tr> <td style=3D"padding: 0;"> <table class=3D" " cellpadding=3D"0" cells= pacing=3D"0" style=3D"border: 0; 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margin: 0px; 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"><b>Def= ense tech VC investment reaches its highest quarter ever.</b> The $19.8 bil= lion invested last quarter marks a turning point as the Iran war sharpens i= nvestor focus on the sector. Read more in <b><a href=3D"https://url6380.new= s.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ON= nvsnswouzUujOTxgn-2B-2FsDMqNaStuAd6qxWUmx5MtnWuh9eDoe2FFA-3D-3DSu99_I3w5d9c= 01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX= 7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2Byx= YtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqw= FQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdU= aZRwySM-2BYFEsbinK8-2FW-2FYpbwt3qOUQye8h3K3kAcmyLpvcQH72OdofrXUH5UN3jCrJoj9= WYVhzoPDXvx8LONLSXzfvXJC1rI61CnbAoo8xypOHB5D610kclcVaR-2FPMrSNMl7PnHtOcP1FB= H3wiH3Y0eCvLjyTcCF83fiVG4a-2BHONYSjnCfRdBlulmnhMolO6CxCRU4cUkdavqEuS6HlqvTH= VByMrAHaavKvyicKQlkf1eV7zXFMMpyz44bB0Rc3wFCMFBdbuGvJs7uASt2g4D" style=3D"co= lor: #1D5080;" test=3D"" universal=3D"true">our Q1 2026 Defense Tech VC Tre= nds report</a></b>.<br><br> =E2=80=A2 <b><a href=3D"https://url6380.news= .pitchbook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns= wouzUujOTxgn-2B-2FsDMqNaStuAd6y80y28R-2FE5n4WDiryYsVMA-3D-3Dc4SL_I3w5d9c01g= kD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KA= A02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD= 1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZ= RFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdU2CY= L2Pf9ADXFFB-2Bfm9c5DYaWlE2DI8BVJ1R4xFKtE46i-2FjDwvlPipmaY2hK0zTND0Ba2OdSerE= PbgJKXYEP-2Bk2SSkEyWqv4JM1KfMKtJZusL0MsoFKggGNTy-2FIUy2oOFYrkx9pSrSa8Z-2F0K= UrzPwXqWGnFtvEysQfqxA38IETWyrzCOBa-2Bfo8O4LmS-2BwBokjW3djF0zvQGevi7-2FJCrci= Ww4lN0OZ2NLUgr-2Bzfnn2-2F31eMFF5StjWHPVaNGm8QAN1yCMFnjW7njFjbWFr6dRbu" styl= e=3D"color: #1D5080;" test=3D"">Sign up for Capital Pool</a></b> to get wee= kly commentary on what's driving LP decision-making.</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_581271" id=3D"n_581271" 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;"> Public PE giants are saying go= odbye to software, hello to AI </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUujOTxgn-2B-2FsDMqNaStuAd6R-2BI= LR-2BgSM7TttrAhOvKvzg-3D-3DNWNf_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-= 2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9= T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXn= ckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5= g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdWGk6GFUqNy0zNYsyHWzoRP2ITn65jUgdTTzR7= q7O1zL6MLeAun7k18DAg5W9hHHj-2F5Q4wJmQ9BYR2Xo-2BINca-2F2LlxxakqlR7zLdUpezFd9= fROteW24Mo0ebQnQtyj7Cbj3BpoUHyoTnx6YsWi2I-2B2MxASUkAjyhj6P8p4D-2FXhfOlb5OVO= pvIvKDz9GMjcZ8t5weEaYNSrN-2Byoggfiz5rIfH184EubxtwFrXyYaPfj8Oaw5aIVlMnCOPnJF= PMYeWbkwv1ofgHOhjD15AOaA2Aid" universal=3D"true"> <img align=3D"center" alt= =3D"" src=3D"https://img.pitchbook.com/news/74527.png" style=3D"border: non= e; 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"><i>By = Madeline Shi, Senior Private Equity Reporter</i><br><br> In Q1 earnings calls, publicly traded PE fir= ms pushed back on headlines about the software selloff and defended their e= xisting holdings.<br><br><b>Management teams published AI risk frameworks, = commissioned third-party assessments on the AI vulnerability of their tech = portfolios</b> and provided supplementary disclosure slides, all in the nam= e of drawing a "hard line between headline panic and portfolio reality," ac= cording to our latest <a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUujOTxgn-2B-2F= sDMqNaStuAd6RvcswNcD2sbq43PoGf7I2Q-3D-3DH3O3_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1= w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceoj= SLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7p= eIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdXC2qCpeSHgO4ZISMZqGaelh4= XQWvcItADthghrFPQuFGP5-2FQtHmk5qMuusEkY9xIyZgvlxajgzXg0dQY1OS-2FI-2BaIvXfjf= FJKSW3gGAbZP4GeFvCB64e2zrb6UlawrrM2B9fhaYKk92BiuXuc3-2FeDVMzWN7jvlMTGmeghFo= xpCbvp9YLFUMgOYUGmOkWI5xYMunU6AjePmMJKPFQM-2B73QmrDf9G7dKcbCH2QZd7lahVq6gLw= GPXKw8bJIOcWiokb3ZSvi1HgaWhr6B2U4-2BByKVU" style=3D"color: #1D5080;" test= =3D"" universal=3D"true"><b>US Public PE and GP Deal Roundup</b></a>.<br><b= r> But where they directed their capital in the= first three months of the year revealed a more nuanced stance.<br><br><b>T= he largest listed PE players have been quietly writing down or exiting thei= r investments in the software sector</b> and pivoting toward the physical i= nfrastructure that underpins AI, energy and other asset-heavy sectors.<br><= br> The moves point to a consistent shift across= the industry's largest firms. They are building their next cycle around th= e physical layer beneath AI, or defending themselves with investments insul= ated from its disruption.</td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-bottom" style=3D"width: 100%; min-width: = 100%;"> <tbody> <tr> <td valign=3D"top"> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-btn"> <tbody> <tr> <td align=3D"center" style=3D"height: 36px; b= order-bottom: 2px solid #E88F36"><a class=3D"customButtonLink" href=3D"http= s://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWI= rf6GFa-2BaqM7ONnvsnswouzUujOTxgn-2B-2FsDMqNaStuAd6R-2BILR-2BgSM7TttrAhOvKvz= g-3D-3DuO1V_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKw= qzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvz= sd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4B= IofIvPoSE0nZILp6VdWGFbZwzb6MDHPhUQVNOOGWYzJcfUKRaU9qx2AzQIE5tULVXIfE9BGSO1m= zl9HTaDMbtqkENj4bdTLjVteW4NpEf3MSU3ZoF93fOY5y6TAMrSOygS69oJ14vhahjHDRSsjNwC= Rol7d9cKV4XFkMpbCLvXNPkZ8BqHPp1kWom-2B05Rs1iPIN6tyOIHBAfEi7iFgLRk3EAY9aBI1Y= vwUPkVzJ4CfgyIk9YOUr2NNDatvtLM6wQHLmDKhRuXbxLKVhkpw8p-2B5utE6zeh-2Bozbp0Xw9= ll" style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-= decoration: none; color: black; padding-left: 3px" target=3D"_blank" univer= sal=3D"true">Download the report<img height=3D"24" src=3D"https://fonts.pit= chbook.com/newsletter/arrow-right.png" style=3D"vertical-align: middle; mar= gin-left: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUujOTxgn-2B-2F= sDMqNaStuAd6sYhYaQ4xDTJk9uiPbsGnww-3D-3D79Fl_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwa= rHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1= w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceoj= SLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7p= eIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdXYBVgFknnhkZgnAont6ga30F= DkcLsXlkuwyW-2FmR3HY2vSDhJlLAr6jS7yCNiW2LdnOd6Ct-2FMcu5B68PvGRYEyYtmggFM7w7= vqIB0enMyFAOd05-2F-2BSZP4grf2ZOlyh-2Bryz-2BJDeoQtixAM2NNF5M6TUpq5Yrvtkt4fbq= bFNhLDutcQDJRPwxKtxvqVrA60znIliPy-2FFMpZwz5eRHDBTU-2BfhjNmLoU-2Bi9XFtX575J-= 2B1ISpkeeJTiZ981jeLi-2FAYdHKILPpwdTGKBAX9k8jb3R8qKh" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">Q1 2026 US PE Breakdown</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> <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>In an effort to control both data centers and their power</b>, Digit= alBridge agreed yesterday to buy ArcLight, a PE firm focused on energy inve= stments. Our recent research shows highly specialized managers are winning = big, accounting for 74% of all fundraising in 2025. <b><a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzUujOTxgn-2B-2FsDMqNaStuAd6xWpxzNTX49-2BrdBAmc5-2Fqqw-3D-= 3Dx-NX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= 9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKIC= cE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb= 1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIv= PoSE0nZILp6VdVcOQUkigN0fgiui-2B86f-2BHbXypO0ol-2BI6F5aWVhosKUEx4TtNTKkKV-2B= yty43B28s7oLqiaZW6TEQngILx-2FUnkIAxAz0XVHxwRl2EJO9-2FnGu2hqP4OvsvufjpZp4rNw= 5KPHYFGLiEudnyLapUNwoJD1m03yyXcS-2BMHSGqvPjx218gSHvzHEgNVcHR5M48IecUeVREnXK= EII3tZQKTGpwwp-2FUKZNp5NcdwOwF23NyXJj-2F7Hl-2B8SZO1pOgpCuAhbwf8IB1Xb0tXv6Gv= h15Vs54hNDU" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Revisit= it here</a></b><br><br> =E2=80=A2 <b>Valuation uncertainty drove mor= e growth-stage companies</b> to seek private credit financing in Q1, accord= ing to Hercules Capital. <a href=3D"https://url6380.news.pitchbook.com/uni/= ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqfRhA7aoxa= Wmw49nOEhgueSWLIpERiNlxt0ABBR6JUQ-3D-3D0SOA_I3w5d9c01gkD8gLzFEofZR-2Bh6Vwar= HkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w= 8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojS= LuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7pe= IGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdV4nwc36LoJOtobVcfw53jsv1x= EeG1dnI2wYslKngK-2BC61oKSXElW1DLxs5VMZDO79jI3sTrQN3QID2E4SoQ8HpkAWaTCKrODjK= h84WItIVs4hqOKx12dq-2BKv-2F3Qpggi8zubOwwpm9WR-2BjUAyQ1GKUhNehv0MGAMsMh4275A= CUkFxm5ow48y7eUUaH9ggtbu00cYafVp1M-2FCly8-2BsWxfjWuZbx2lsz1lgQbDVK6njJ6HzCV= Nq7KA7biJpTgWPKuzh8H3YawYJ62Qb6afbyLpNtK" style=3D"color: #1D5080;" test=3D= "" universal=3D"true"><b>Find out more</b></a><br><br> =E2=80=A2 <b>PE funding for the European aer= ospace and defense industry</b> hit a record =E2=82=AC5.9 billion ($6.9 bil= lion) in Q1, as surging defense budgets drive a procurement wave. <a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw49nOEhgupm2RmwKHqOBI81dwwo8ET= w-3D-3DUBtE_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m= 8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKw= qzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvz= sd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4B= IofIvPoSE0nZILp6VdXDtVhD2wcCOJ60vK3SjOaA6Rp0GZxzjVl8zl-2F99qmYSfyRikwnRX-2F= IzrL6eUUpEWOxcRoQsFVj8QfByoGMRmq27uFzDhT-2FcNGLcJqdn3CCkMGTY2y0a8dIhqkja70e= tzKboc0UQBij5cUlB-2FlcjSeSAH7nr16-2F01NBa73gmy5swbXeQ4FdaFK0BC-2FSLVN0b6STN= lmKfo98Jh2NE68GKD8TqtqTomf55a22u5Mlj7ThFRgV-2Baq9ryjIJ2xs8Isbl6hB8szLvzY1p0= usevKquQJL" style=3D"color: #1D5080;" test=3D"" universal=3D"true"><b>Meet = the top investors</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_581265" id=3D"n_581265" 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;"> TD Bank explores tie-up with p= rivate credit firms </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.= d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw49nOEhgu5ecNrVDgf= zEpltturV5h3w-3D-3D5JEV_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZb= cbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJf= qA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIw= EIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAck= iZxyAMjWbx4BIofIvPoSE0nZILp6VdWvRlu5WzWtfzs6rrTYvsQKgAkhWz5yoh4mjVao-2BFggw= m5fxI85uzJIrOKHbJ5MRUUUu-2F3BQA-2FObxTZNajWhl84LDBUGA2tjXBtA6OKuC5I0bY9Cx5V= q8YSdXsS0T7jJPK0pkbCIuqmSiGROqmxUakwtzJcZuDWWOIfFE7uOkNR9PGtwgB2-2BpSMjli85= 2YT59oI-2B1dg42MfJhd-2FnDgxhFteJap-2BSl2tfCjMbgyt5ll-2FF-2BDMti9U9ARyZYUrIu= UAiaWIwsFKRPgxmQ6MYo0TOfJp" universal=3D"true"> <img align=3D"center" alt= =3D"" src=3D"https://img.pitchbook.com/news/74526.jpg" style=3D"border: non= e; width: 100%; height: auto;"> </a></td> </tr> <tr> <td align=3D"right" style=3D"padding-bottom: = 8px; font-family: Roboto, Arial, sans-serif; font-size: 10px; line-height: = 27px; color: #78766F; text-align: right; font-weight: 300">(Andrew Francis = Wallace/Getty Images)</td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>By = Madeline Shi, Senior Private Equity Reporter</i><br><br> In recent years, banks and private credit fu= nds have been forging closer ties, angling for a larger share of the corpor= ate and sponsor-backed lending market.<br><br> Now TD Bank=E2=80=94the 10th-largest commerc= ial bank in the US by assets=E2=80=94is looking to join them.<br><br><b>TD = is actively seeking to forge partnerships similar to those adopted by its p= eers, which aim to marry its corporate client network and origination pipel= ine with the financing capabilities of a direct lender,</b> PitchBook learn= ed. No firm plans have been agreed upon.<br><br> Once competitors, banks and direct lenders a= re now increasingly pooling their relationships, capital and credit experti= se. <b>Partnerships between the two sets of lenders have proliferated,</b> = taking a variety of forms and drawing in lenders of different sizes.<br><br= > Banks are less incentivized to hold certain = types of debt on their balance sheets due to higher capital requirements, l= eaving a gap for private credit to fill with more flexible capital.<br><br> The tie-ups allow <b>banks to reap fees</b> = from sourcing and structuring deals while retaining relationships with clie= nts. For private credit firms, these ventures offer access to a <b>broader = base of borrowers.</b><br><br> Commercial banking giant JPMorgan has forged= several partnerships with private credit firms=E2=80=94including Cliffwate= r, Future Standard and Shenkman Capital Management=E2=80=94under which the = bank originates loans and co-invests alongside the lenders.<br><br> Other high-profile collaborations include Ci= tigroup=E2=80=99s $25 billion direct lending partnership with Apollo Global= Management and Wells Fargo=E2=80=99s $5 billion arrangement with Centerbri= dge Partners.<br><br> In the middle tier of the market, PNC and th= e TCW Group in May 2024 announced a partnership to make loans to middle-mar= ket companies, providing them with senior secured cash flow and asset-based= loans.<br><br> Webster Bank and Marathon Asset Management, = two months later, unveiled a comparable tie-up targeting sponsor-backed mid= -market companies.</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-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw49nOEhgu5ecNrVDgfzEpltturV5h3w-3D-3DL= q2S_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9gr= kLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE2= 4w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BM= dZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoS= E0nZILp6VdUGDqaFZ8nxALsu2i2O0Cnj-2BVix3MHdI9qm1-2Btli19WRGraReCzfMoiFFbpTIq= Rm3SVKof6sYu87FhRWM-2B0E3aTnQgyHBayUpNfDvzGZ2d6lqwII7qD1nmmudDVcGX-2BkZwsDe= NnahdyJ8YfEeBan4P3uDf1QNYwdPmvwW9-2FR12enlaC0z2mspjSZCLi8XmAgcDk8JENMofQYCc= XvTqmYfdi5BVdxR3hd8bBqduHkE7YLPIVtU2RcHyHDY0zLTFszbg4it3rwJ3Di2HW8OTJqlaJ" = style=3D"font-family: Roboto, Arial, sans-serif; font-size: 18px; text-deco= ration: none; color: black; padding-left: 3px" target=3D"_blank" universal= =3D"true">Share this story<img height=3D"24" src=3D"https://fonts.pitchbook= .com/newsletter/arrow-right.png" style=3D"vertical-align: middle; margin-le= ft: 8px;" width=3D"24"> </a></td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;= "> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> <tr> <td colspan=3D"2" style=3D"padding: 0 20px;"> <table class=3D" " lang=3D"x-news-= group-border" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" style=3D"wid= th: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding-bottom: 25px;"> <table class=3D"" cellpadding=3D"0" cellspaci= ng=3D"0" style=3D"width: 100%; min-width: 100%; = border-bottom: 1px= solid #C3C3C3; = "> <tbody> <tr> <td style=3D"padding: 1px 0 0 0; line-height:= 0;"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><i>Rel= ated research:</i> <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/= click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw= 49nOEhguOlWk75y2Pz0y2hqWf67z5w-3D-3DQgUn_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkx= BRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FR= pGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJ= g1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGh= VjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdXxFnghr57-2F3YLEr6dU5PrKayze= c9foso3GmmykLD-2FPlLnaAUdF0POVwEXpDSH1-2BgvZokOAudiM5kp2HclD0-2BKuaCNpvJdmA= IVUTnHDT9hlgqsC7yG8LJ4xMT5OW7EPPwTGywzSZ2kz-2F7IV2cHacnTcoxOCLbqAUjrNuRjETi= nRRD33v9R-2BliFjuvXB2F8Iu9-2BC7ruLbNOy2HTV-2FsES1ctgBWv-2Bi-2BrY2Ge9wg16tjs= ryOTCdI6x6IvURgwvWBBLRitq3CbFaUEBUGJRM-2F2n3oaA" style=3D"color: #1D5080;" = test=3D"" universal=3D"true">Private credit institutional demand accelerati= ng despite BDC news, says BlackRock</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>This nonprofit struggled to get= human volunteers, so it uses robots instead.</b> Meet the robots helping p= ut together medically-tailored meals in San Francisco's Tenderloin district= . [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw49nOEhguTxUDe3-2FjwD6Dy= b414pOYBw-3D-3Db_A1_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5x= yoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBn= k9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxy= AMjWbx4BIofIvPoSE0nZILp6VdV4FfQsxD6mTzMnKeArLfraWESkdYvYdf41B7p2qm7yWnmjWSk= 7N2BQqi-2B1oObELk0e8x3cc8QBs8sJqHP1sha3994lP3dYWTOhUTHPM40uaZJvKzOMYp4VghRb= vl4BaWoGuvpppSjLFH3fAq7pWRz1B9YGVBcgP8Hsdf1RjZxEQ9Db-2FlqbG8m0icJ8ecxJWpprh= HRvsjLvHGCV-2BDBYgTpJjP-2BJFoi47LtF0iYBw4W1IiaGrcxVAcmf2EZKyk6-2FQKJvoXFA6A= Cdd7u1vyvoVzvr" style=3D"color: #1D5080;" test=3D"">Wired</a>]<br><br> =E2=80=A2 <b> Self-driving cars are giving v= isually impaired people a first-time experience:</b> being on the road alon= e. [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73= BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw49nOEhguLkjdqXqA5fOtkm= DuCYK5pA-3D-3DuPpJ_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWe= UgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xy= oyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk= 9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyA= MjWbx4BIofIvPoSE0nZILp6VdUkoeB4-2BXHfsoILOGxtW23NeKORzJMytjxEBZ3IV87t12FefG= zIe5q-2F7OBLOZSppaYI1NCbeomkJfSdk5Fdriyei82vs7B4VItfsMiNkLUWE1C98OLTBQgvL2r= aGBy1KlZg1Ui54NDlhA-2FUjgCBJL91g0-2F8Zkg6DTygD9B5KU5-2BytyCiJTiZl9-2BWfAZ5f= 1ASswC88OV6gZPmi24g4JolRfWicNc-2FRTUgttMxoayj-2FU-2B9ndLBY3oYMKmKXqUBUX-2BM= 5WiENoNF67T4Xd2V89DEzlo" style=3D"color: #1D5080;" test=3D"">New York Times= </a>]<br><br> =E2=80=A2 <b>How rising energy costs are lea= ding to exposed legs in the workplace.</b> For the first time, Tokyo govern= ment workers are allowed, and even encouraged, to wear shorts to the office= . [<a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw49nOEhguYgh69yYR7WWqvuu= 2loO6Ig-3D-3Dn5Gs_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyo= yK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9= QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAM= jWbx4BIofIvPoSE0nZILp6VdXUQ7ADsYZ68zaRNdNeYIPwjDhmRDcwy0XJGI7rLaADR0XmI1TmG= EXxuEKf8xayM6tlKo5a37OLKhr06BZfYxjE2sN4ipm1N4Sg5RH7XnmLFnwIdeIlFz2JGM47vfjr= CID8cnai8PuyLpcKd1d-2B1I6JHGNri8cZlaUVD7k7VKPpfBYwL9I8d2CAzYzkTgsYu0EcJtAtr= 7flWI5iFw4BEzyx-2F4Dq4pVLJ17BVNk1gIutIZV3dZzgqG04hkLzJ4LA53gmR1748yPFs8Xta-= 2BbJue4R" style=3D"color: #1D5080;" test=3D"">Bloomberg</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-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw49nOEhguUgfvTiOJ-2BrfBCQMVB5VRww-3D-3DB= pPU_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9gr= kLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE2= 4w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BM= dZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoS= 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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;"> 686 </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;"> 2471 </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;"> 1216 </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;"> 40 </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-2BaqM7ONnvsnswouzVqfRhA7aoxaWmw49nOEhgu5OOfADIGh58csw04dNJBWw-3D-3DNeL= 2_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkL= PzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w= 4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZ= lNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0= nZILp6VdWsN8oS7ALQj1Km0-2Buw6GCe6A8O6N0m4NsCmRPtkZr8totanj9lC9JwZGPuI6XYoJG= ottJVijkF-2BMi1TX6aGui2tBWI384hoYPwhLXHEHlHBlv451iVprzfW8Bfy-2Bt1sqfJwp0ZO8= 8sAWlXW4RrUjIh0WOtyOgx12EfaOaTMFA5o5KnJ-2BMnVfnStJoe-2FbjWI8ePtbNTDIZt2TmOo= EvbO1yfFgh6QuuadKveO8fpnieJrHYT9am7nnyTXQfTGxNy13JsU6ucXj2s5-2Fa32pkJ7Zup" = target=3D"_blank" style=3D"display: block; font-family: Robo= to, Arial, sans-serif; font-size: 12px; color: #000000; text-decoration: = none; line-height: 24px= ; text-align: cente= r; padding: 9.5px 21= .5px; border-radius: 99= 9px; background-color:= #F79B3E; width: 150px; mso-hide: all;"> = Request a free trial </a> </td> </tr> <tr> <td style=3D"height: 25px; line-height: 25px;"= ></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td height=3D"20" style=3D"line-height: 20px;"> </td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 20px 14px 20px;"> <a na= me=3D"n_581261" id=3D"n_581261" style=3D"font-size: 0; text-decoration: non= e;"></a>=20 <table lang=3D"x-news-group-title" cellpadding=3D= "0" cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;= "> <tbody> <tr> <td><span class=3D"outlook-caption-override" s= tyle=3D"display: block; color: black; font-family: Roboto Serif, Georgia, s= erif; font-weight= : 500; font-size: 20px; line-height: 26px;"> The Daily Benchmark: 2017 Vint= age North American PE 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: 73.00884955752211%; mi= n-width: 73.00884955752211%; max-width: 73.00884955752211%; 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">16.50%</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 Hurdle Rate</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">22.60%</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;"> 0.87x </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= swouzVqfRhA7aoxaWmw49nOEhguHmpkbLH09QjoXO-2FtsHusOg-3D-3DszpM_I3w5d9c01gkD8= gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02= 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valign=3D"middle" width=3D"80%"><a href=3D"https://url6380.news.pi= tchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsn= swouzWliUHGCMIrz96BpjxtMNCvCC-2BII1xnjbj-2Fu589DKMBgQ-3D-3DNbxJ_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA= 02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1= KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZR= FrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdXSulo= z7PFoHmi2w3wSSqTJ-2B3ucdyy2fZj3vvUqPh4XcKecFXxb4NY39BUqjqClKwA9P9VlSlDYpy1c= REsmNtatzsG6c7foDLSH6yaGV9F-2FVl9r4xvoz92xoleulcZ5fboC8qWdHPMUWMwrXzmqS4cOZ= 1qJBffnxK-2FF8otCkXkn-2FF03sY4YOTl4TvzwauJfJ9Rz1Z2X19Q-2FSIVZH7XnYqKOMBJFy7= qfqwRCMI72lA6lRjVtTSvCYT0fI0-2FjvCransxb3uhJKODM94WuiM2oEooi" style=3D"font= -size: 14px; line-height: 24px; color: #1D5080;" universal=3D"true">Graycli= ff Private Equity Partners 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= swouzWliUHGCMIrz96BpjxtMNCvB68fCxH6K0YRdQ9KgsmATw-3D-3Dvrok_I3w5d9c01gkD8gL= zFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02pa= SgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbm= G5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj= 7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdXR2qPBo-2= B-2F-2B6eKDX6PuWeM5LPFw13ibF2FzJ4B-2Fn0Ug0mMOAiFGl7zfwB8HtUgiOX2YS2zZbFkGkq= ZfZsq4rN5UU-2FNu34Ivn0mf-2Bsu9I8vm3ZnVMtGhckSagd-2FB-2B6hzY48PaZyGCPonhFIZr= 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WIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myY= AckiZxyAMjWbx4BIofIvPoSE0nZILp6VdUfyhmjhByfiC6aSE2hIlgjntY2Vsf21x64-2FFuCey= Oz43tr9UAMAt4jjZWF-2FhZODtCXkctgwJQ3UeRK2lKkq0KtPdmZ29o0AzVMbGZ9Lt2xInbGiLS= tnvZQ07TKr8UJCQBkxkp7GfTmorO-2BSSFotsVuNveTjpX50-2FxWJltCP7mEUpv1QwDUOAl7e-= 2BtTfKcR93-2BZGuLjzTeSTEEsLAZpR5xoPjL8bevB2-2B3C0Nhquuo1IsMe-2BxxvALARhr2s1= YtKUQjT8fQs30KVZhYZc6c8kFzD" style=3D"font-family: Roboto, Arial, sans-seri= f; color: #1D5080; font-size: 14px; font-weight: 700; line-height: 24px;" u= niversal=3D"true">95 Funds in Benchmark =C2=BB </a></td> </tr> </tbody> </table> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top">Check = out the latest version of <b><a href=3D"https://url6380.news.pitchbook.com/= uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWliUHGC= MIrz96BpjxtMNCvcatAmIX-2FBEADhN5wWnG0dQ-3D-3D0gG7_I3w5d9c01gkD8gLzFEofZR-2B= h6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKc= BE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQIm= TceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nT= pyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdVcOTOPPqbwiy02UyrJS= PH07-2FJ1RigPnKxYpuu3MzjpcsXsQwbiM5QW8g0zdBUW7iZyFaQX07-2FaOh7T7Xa6obsBAu5t= 3Ic6LhE9-2Bz3xmWJtYp8Tb7cr8L-2B9x1jqL9fGQ-2B02mWbyYsnh8ehEZHC-2BH-2Bt9J55Ub= QnZGYG5QYQiLbX6LwM8y02j8U9cFdC3MOcElSoLk5XOg4nA4TcgaCmIaAT7FULGqFKpC3mpwxbA= bInlXvL74dZqX-2FO-2FHb0scp7YAh7p1-2BGM5Uoh0cY4pT0PfqOC" style=3D"color: #1D= 5080;" test=3D"" universal=3D"true">PitchBook Benchmarks</a></b><br> </td> 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Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>People</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>Ard= ian</b> appointed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/c= lick?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWliUHGCMIrz96Bp= jxtMNCvhzqTyn-2BbYfsfhFKcmKT2FQ-3D-3DafI6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8F= RpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLu= Jg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIG= hVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdU30IDEk2YoK6DVkZe0Ve26pxmyM= C6SRZCcW0geqJpry7-2FYUby0WxeUBQJ8EefcNWXcf75svk-2BIPXOkPKQT1lQBIARL81DyCG4-= 2B4-2FU7cjz3EEgrCyFwfDGg-2FoF7p0A2FSLvpSsuFk0w4dPJhIL3ig9gby1-2BECtjF35-2Bv= rrhkp-2F-2FQqryC9qYF6ld5tkAp-2FD-2BywZUXwfEKuiwKAzpQthvsJf3Yj0Hq5sCbjLZyp1y= YzYu2j0ak5hczZZN2dW3vnuVRIeDSYkLc8sV8LA1Pf2F-2FbY9" style=3D"color: #1D5080= ;" test=3D"" universal=3D"true">Mark Benedetti</a></b> as co-CEO effective = May 26 following the Paris-based firm's AGM.<br><br><b>Omni Partners</b> ap= pointed <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWliUHGCMIrz96BpjxtMNCvw= DbfLDWbAcOrPmcNBckkwg-3D-3DxxHY_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-= 2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9= T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXn= ckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5= g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdVN1uWiDZKeZK0PtJpjbNxkAEvlgS8o-2FRfO7= -2B3wSnORtS6dr97czBm1dmMYfrrhUbH0UGpSl1XkpgEFeRkVthQNb96YS1WoTRyQkyX8vHX6uY= NRSAF3T9rI6NGE7FepDPbLEJWDnWzGKuV-2FyXK8Jd0AO4mm3R69K-2FbhMAGkNZPyVnAL0hkxG= m98KoFM40uDA89q6UaHgYoKwC1duIxKhiWce9r9dU5QJVpiZ7pb6zaPKPYs-2FG8mSuO77Ad9-2= B1ZZhJ24ZCQ09jaPUxxzokIx9cbS" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Roald Hunvik</a></b> as partner to lead its Nordic investment str= ategy.</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>VC Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzWliUHGCMIrz96BpjxtMNCvIrpuWfQ67fHxCDNLs= HhTFg-3D-3DDXNy_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK= 2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QM= EYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjW= bx4BIofIvPoSE0nZILp6VdVWTgVO3bK7DcrZL66UBsRVWV-2F0c-2B-2FQ4-2Fb7QoZezLH-2FM= jP5jgCmt4RwVBXdYEaW6sugkHu35n2-2BEWJ2v52RbLCJSJajSN5Ta-2B-2F69-2Fh2K6E9TPRw= wkjZOaJ5EpPL9S2oGFDM4PloQZnnOi5tG-2Fo3pR1g5KVadmZRXOhbyTBBhz3NVa55-2BmFrpJ3= LQ4oI5W3gUzJGsEo-2Bxuso3R81vY2JzwNx5kMk0-2F7SUrjCHOiY-2BJDh-2BD0qHKaKgHVhOr= cbANH3MVLK3oxmX0y3jwKpLxlhR-2F0J" style=3D"color: #1D5080;" test=3D"" unive= rsal=3D"true">Cognition</a></b>, an AI startup specializing in a programmin= g agent for software development, raised over $1 billion in a round led by = <b>Lux Capital</b>, <b>General Catalyst</b> and <b>8VC</b> at a $26 billion= valuation.<br><br> AI inference startup <b><a href=3D"https://u= rl6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GF= a-2BaqM7ONnvsnswouzWliUHGCMIrz96BpjxtMNCvpRNX2QMqSHG1f4u8HJ490Q-3D-3DN_ga_I= 3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzg= oQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zF= J-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNn= XYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZI= Lp6VdU4FNqFgotqh1G5av6JPwOX-2B4t2bKSxHiohd-2FGQh-2F5Py2-2BbE1coKuhpXqUWn9hX= f9LI37VxlL2x2WlKM5eoTWYElqEF3u3vtTjOACCfnHDyWOiOKQLK3o34yqIrtSKUGial-2Bfftd= 1KzrzJqnZUO-2FLNMyNvN5qmVClLu5xOinSqqQCKpVE8nawsSFnwOWi17Vkcp2Vbe-2FJBeyG8w= e3rGB96-2F2dBMTdr3SzWuj7TQ6-2B9VLMPTM7in5VyyFNLiwRf4HAgcnyyQJhbTIBAvOcJ6oja= x" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Fireworks AI</a><= /b> is in talks to raise a new round led by <b>Index Ventures</b> at a $15 = billion valuation, Bloomberg reported.<br><br><b><a href=3D"https://url6380= .news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2Baq= M7ONnvsnswouzWliUHGCMIrz96BpjxtMNCvmMBd1KtkNHGZkBLT3864CA-3D-3Dx6hA_I3w5d9c= 01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX= 7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2Byx= YtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqw= FQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdV= LEgviruBtiNEliiPUUSlySVf3T1elzxqv9wWjWAvEgLGLJBi-2B39A23MIXHtAw5OAebLlBpmqe= sxzTGZcTq00h7XJOXkBNHyuqBim-2FGT-2BicGt4fX22UKjHAn-2B41P3AFrHMa53APpmLlJcoa= 8gxwtDqordItFYNDYiINx5SDRluTPtsj7heHBEmuakCBnZP3SV27QF30b9LredB0DNj30pr3UIc= Cz5DQaOHoz80CTPvc0oP-2FJpbau63vD7EBDa2U25Ba99T8X77ESyr6iNoMB8h" style=3D"co= lor: #1D5080;" test=3D"" universal=3D"true">Capchase</a></b>, the developer= of a financing platform for enterprise technology companies, secured over = $200 million in a mix of equity and debt warehouse facilities.<br><br> Fusion energy startup <b><a href=3D"https://= url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6G= Fa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveRW2UazzGu7cYRHt2BSs7YMcrqB2gVw-3D-3DojX= 5_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkL= PzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w= 4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZ= lNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0= nZILp6VdXkPqP5bq4-2BeM6fmI8DYVpR-2Fq2-2FRYsA47J3V53f0PviRgN8cTReoAl4IAhmZMI= -2FZfBdva3CcBmOUygd0OsLBkFUq2XpsLrtsby17gOR22lHs90W8SDYENl-2B6AMA1XB2aS9kH6= 0mxRYzOvYRE3PZLLSdx4ZKuxYRl8pkYahzqkcgm-2Bb4iuq3EV7OpPGnrw7TdoKM1RgZefVWTbT= pPVhIl-2BqTWm4e-2BBTL0nzI8WukyVjlaqsL11JeS-2Ffe8v1YlsPoVP12lTK7ZyYuPW2vFO3j= R3LI" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Thea Energy</a= ></b> raised a $100 million Series B from investors including <b>US Innovat= ive Technology Fund</b>, <b>General Innovation Capital Partners</b> and <b>= Linse Capital</b>.<br><br> Italian travel tech startup <b><a href=3D"ht= tps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpS= WIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveRW2UazzG3IWV2Soiy5vhRnn1iQfpXQ-3D= -3D37oC_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8Pzs= F9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKI= CcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2F= b1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofI= vPoSE0nZILp6VdWPt80gisFtvrN3hVa8layyOYuPLi8ucPE-2Fd-2Bffg7ur-2FiWSiBiilSjWE= LSwWJj5SZjRm3-2BDJq7MJcZuH3kGnY2mlecvwfYES4IAHOgt1fBESxAcDV41itWBBbs2LVeftI= rdQu0wUSCVOldoUWxVfofxZq2jsSkrKqFh7ds-2BauPw8tHzd-2BfV8rPiqooFEX0AVmA12yNrH= HuN1RG-2FnRH-2BL-2F5Yuro15RMResA5fZ7O4IfnhnFAo2-2BQSLQWFRjpvRKCo3n57zsJ9c1w= 7RnZYOcGfza1" style=3D"color: #1D5080;" test=3D"" universal=3D"true">WeRoad= </a></b> raised a $58 million Series C led by <b>Airbnb</b>.<br><br><b><a h= ref=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4= Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveRW2UazzGdNzonSTa-2F-2BtE= ds03wnEu0Q-3D-3DsK1M_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbd= WeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5= xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIB= nk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZx= yAMjWbx4BIofIvPoSE0nZILp6VdU0GQtjx8szdO1gy9iXVMbwDfK6Li9asYWShe2M6oZiylhkRe= gFcu7iGY2gQgVvKUSI7k3sRHD3pTryJV-2BMaCOMGO0qJWtR76JepeuW-2BuSgElqpGKtDjV72c= s2YWlebdKGb63RIy9zbbQfQXu7mLEtJagHR-2BqUy2133pzwWRpjbtxhsRIJ729-2F97G0sKGhw= X15rE4nm7izhA2PJsVM3tPMp1EZfV6KzyQUDWhLrz1-2FRFMWq4xoyjoHIjVmOLl7A-2FzJAK0y= HrYbgWQ-2FSFRxUYiGi" style=3D"color: #1D5080;" test=3D"" universal=3D"true"= >ClearNote Health</a></b>, which develops tools for early cancer detection,= received a $52 million Series D led by <b>Mattias Westman</b>.<br><br><b><= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveRW2UazzGP1FFf6AuVmmTC= lvyVpltKw-3D-3Dl8vV_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5x= yoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBn= k9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxy= AMjWbx4BIofIvPoSE0nZILp6VdUEOh-2FszjbQNQG64UJ5iYF669EBskxEFJLSPJzI4N2acSRSj= OfCaPnp2zjc4SfZezYi-2BY2GuTq9P5A-2FtpJbj5-2BVUtgjTH8ViDqWFlozCjWdcpL2r1qMI9= 1vVmaYK8K37zyRepWDTBd3A83MpMQJ6zAJ3HkcUjx1TS6N7kv-2FSEKeSbNKoiI-2Fm9-2Bu7kH= U6UYp0KzVRqWZzvPIltE94senwlRSBec82fn5mKiU0Ba8n8RAIEjFVqiDtZHDZ7W-2BI0-2FhVc= 6ID-2Fh8tPJ-2BZHJGFSRnb2je" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Pace</a></b>, a startup developing AI agents for insurance workfl= ows, raised a $46 million Series B led by <b>Thrive Capital</b> and <b>Sequ= oia</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/cli= ck?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveR= W2UazzG-2Bewy9xb25wJxjPBkJ1rzDw-3D-3DrFXi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHk= xBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8F= RpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLu= Jg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIG= hVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdVWilluggpV4PitgaF6y4U1RBSwx= yejH5dXEaaNgtBYrKoK7FX23TkPa1fKiKE7RvlJBmICh9e8YBMK1BN-2BJwaaLWq97xVcS3j-2B= VKFSRC9uL-2Bugv0n17-2FsARz5DwYEG-2Fv-2BEb7PczGkKXgtrZECdhfHCHbqFdgjoKFBkVDL= rqYKxLJdtLgIA6qJSp6XYSlVIbwtsrzHPvGL5dtA2aqjj5MEjcmHjUwVr87ASea82QqHu0rZYmX= BU7LwNbQPQGTGUGBO1oOOL2z70BNhvnupQmkNh" style=3D"color: #1D5080;" test=3D""= universal=3D"true">NavigateAI</a></b>, the developer of a physical AI copi= lot for construction field workers, secured a $25 million seed round led by= <b>Elad Gil</b>.<br><br><b><a href=3D"https://url6380.news.pitchbook.com/u= ni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B= 1PHWTaveRW2UazzGfeREGxWW5apKkclZ-2FskG7g-3D-3DryIU_I3w5d9c01gkD8gLzFEofZR-2= Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuK= cBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQI= mTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4n= TpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdVobDQ3sUMfjQqAzA7s= 1X24eU7-2FW8ruNFiBirLvBRhlvxjVPL684-2FTQq9Etiv3BRIonDEcVs6iAPQ759-2BnQx-2B-= 2BKykuI8JS5y6-2BVPm-2F8e8Rxi0s2YF2EBGGHjEUFePvcrp1dG7duoMeINFNSvrUGzZCjoMCp= kDUCTJ2fjYRZmQkOVuoSZeQkGf7d5BpfXf2Lr-2FULCoCdO0p2aa5p-2Fea9lQDBWhN-2BmcW5u= 21oZkuloeUJTQalhu2nh51X-2Fx-2Bo6slxw-2FXlM6cRANaq0yb5m4TKlM2S" style=3D"col= or: #1D5080;" test=3D"" universal=3D"true">LightTable</a></b> raised a $22 = million Series A led by <b>Innovation Endeavors</b>. LightTable develops an= AI design and construction platform.<br><br> AI inference optimization startup <b><a href= =3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuy= lw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveRW2UazzGUUnXersrQhKURSPXsxa= 8MQ-3D-3DYdXh_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa= 0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2y= KwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEY= vzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx= 4BIofIvPoSE0nZILp6VdWm7v856-2FWF-2FV0CoQozruFNpkQIJCQnInoADpqxdHLxgzNQOIdKB= e2rpzeO5-2BdM5X3nGNgZamxcIXTTvquxRacCrvqDUPcwPrsk3EzgQjD-2BC-2F5UWnXjDWLXhJ= MZxxvj3TnZqQMqMgbb-2ByJdbv8zcltUwDbYlL0nTgpUZqTFY0-2BdytUADqGUVr4of4nyJedsV= TFgEfnbZnyzbhH5JYXii6b6H09cED99hz-2Fk3QkOyWLmHIgL3TvPmA4P-2FMjtYhnjsvKQDqpQ= w9HlIOHHBYdNyiZU" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Te= nsormesh</a></b> secured a $20 million round from investors including <b>AM= D Ventures</b>, <b>CoreWeave</b> and <b>NVentures</b>.<br><br><b><a href=3D= "https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7= SpSWIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveRW2UazzGiBflz04PbldCfa-2BL6KXb= 8A-3D-3DW_mm_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0= m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yK= wqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYv= zsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4= BIofIvPoSE0nZILp6VdXeGkRxMVKednDCpVFC9hOXVbEqAoEEMmfBvOhQrPTtNjgZndqbkACnUZ= eKGl82Tm7d6ZVyR6AnTSO-2FE2JXJhYUdGNayaGUUUzpp1XuLtuJC6bMdLBhFnKeHUjxG58qS0y= y2HCmyR1RCd1N37kgYoqPH1jRAqvlv-2BYXOtZRHF-2BadVFN9hdLZFI-2Fz6jOQyyjeCZKi3gQ= KDvst-2FpXhm4CsDq-2B33kDeKXHgb8sEQZ-2FupQB8nTaMVfP4QvvDqRe6hPpxY48dNF1hy3HH= 09K2ffQcRDD" style=3D"color: #1D5080;" test=3D"" universal=3D"true">D-CRBN<= /a></b>, a Belgian startup focusing on carbon-dioxide recycling for industr= ials, raised a =E2=82=AC17.5 million Series A led by <b>Astaia</b>.<br><br> London-based cybersecurity specialist <b><a = href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX= 4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveRW2UazzG8jkcRnPR12NbBf4= ks3Y4Ag-3D-3Dj1Pa_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyo= yK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9= QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAM= jWbx4BIofIvPoSE0nZILp6VdWzFw8G1p-2FBmFXeDaFxwsjTZD6gXn9L0rGM1JEW8Vaan5zCKO6= GcHPtH2SqrCUlrWAYThbm4GrZv8imO8drgsRh3skYxhjsUeNWKiTG1Z6Gzq-2BLagKWJHw2NgwH= ZCjegtJWmMoJjlZXZMGfWwx4szQuKJtzqRcsvhgtKXRAQByhpEC2iOalv2e-2Bexn9TgMIKnk6f= tq9uG-2BNED-2BLOC6dneSaR0ynZQBkXh775sApgxHvLiUUlLAuMDVN1LlS0GHSDMg-2FeDtg93= Vy555Xv9FSTJjQ" style=3D"color: #1D5080;" test=3D"" universal=3D"true">RevE= ng.AI</a></b> received a $15 million Series A led by <b>NATO Innovation Fun= d</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_581264" id=3D"n_581264" 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;"> Don't miss our upcoming webina= r </span></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-top" style=3D"width: 100%; min-width: 100= %;"> <tbody> <tr> <td valign=3D"top"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" lang=3D"x-image"> <tbody> <tr> <td align=3D"center"> <table align=3D"center" border=3D"0" cellpadd= ing=3D"0" cellspacing=3D"0" style=3D"float: none; "> <tbody> <tr> <td align=3D"center" style=3D"text-align: cen= ter"><a href=3D"https://url6380.news.pitchbook.com/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXxjO3-2B1PHWTaveRW2UazzGAkerKehELBu= SrSD4qCaeqA-3D-3DnMx__I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcb= dWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA= 5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEI= Bnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZ= xyAMjWbx4BIofIvPoSE0nZILp6VdXTKB1f9lFjR3DSuA-2FL-2BweLbSipLAD7fYC-2FKG2jMVC= a7n0QVkozcWYHyAE53d0owJaWlWAxb4-2Fu1Dli0BzmVEdsq7fH7LPqSqS-2Bat0E-2F0vJu-2B= uCsQlOtGCZCPJAUgw8gFXc-2FZqkRxo3s-2B6lXj7enA6zzTbZ-2BWH6IlCZKyY4Fm2voAfUYIh= Noc3v-2BbRFocBsM8w22cOpWOmacgxdOH5I-2FIc7gfjgVifSOgQXFXNqTCnXytLw68zn4Qomgz= PKDSm4oWUQiKU5zN2UUbHu8YCOJxTS"> <img align=3D"center" alt=3D"" src=3D"http= s://img.pitchbook.com/news/74503.png" style=3D"border: none; width: 100%; h= eight: auto;"> </a></td> </tr> <tr> <td style=3D"height: 20px; line-height: 20px"= > </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table> <table 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">In 202= 5, venture secondaries reached $106.3 billion in transaction value, elevati= ng them from niche liquidity workaround to core venture market infrastructu= re. With increasing institutional adoption, they are quickly scaling to the= same level as acquisitions and IPOs, potentially setting a new standard fo= r the space. Join our panel of venture market experts to learn about the ri= se of venture secondaries and our projections for how they will develop thr= oughout the rest of the year.<br><br><a href=3D"https://url6380.news.pitchb= ook.com/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzXxj= O3-2B1PHWTaveRW2UazzGAkerKehELBuSrSD4qCaeqA-3D-3D1hDA_I3w5d9c01gkD8gLzFEofZ= R-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkV= XuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7= sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51e= r4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdX1sfPstVI5glfAH= eDSE6xCSyJ1nUdKBODXy3O19oFHvCpsmBtRZj-2BovIWNrfko5hD1PpQKzu7dG9wdS6v1e475Ad= Nvlh6gPAowUfcQtxRPtQslhKjK1Kf97PYEsRUkbusOQMJprsb33HNR1uuSBYQYAvDj0WEX3H0-2= B8PCTG5HoowlBI2P4XGBeXMxaPUc31D6o32YBMUnskEP6lDL5XLQEvKLup6QTYuw-2F-2Fd-2B9= R13VOcM15hjGFpDs8VF2SdGPwkQ-2FYCQut5n4oka5-2B9EN-2F7ZU" style=3D"color: #1D= 5080;" test=3D""><b>Register now to secure your spot.</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-header" cellpadding=3D"0" cel= lspacing=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff;= min-width: 100%;"> <tbody> <tr> <td align=3D"left" style=3D"padding: 22px 0 0 21px; fo= nt-family: Roboto, Arial, sans-serif; text-transform: uppercase; letter-spa= cing: 1.5px; color: black; font-weight: 800; font-size: 16px; text-a= lign: left;"><span>PE Deals</span></td> <td style=3D"min-width: 20px; width: 20px;"> </td= > </tr> </tbody> </table></td> </tr> <tr> <td style=3D"padding: 0;"> <table lang=3D"x-news-group" cellpadding=3D"0" cellspacin= g=3D"0" border=3D"0" width=3D"100%" style=3D"background-color: #fff; min-wi= dth: 100%;"> <tbody> <tr> <td style=3D"padding: 10px 0 0 0; font-family: Roboto,= Arial, sans-serif; color: #78766F;"> <table lang=3D"x-news-group-content" cellpadding=3D"0= " cellspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td style=3D"padding: 0 20px 0 20px; "> <table border=3D"0" cellpadding=3D"0" cellspacing= =3D"0" lang=3D"x-content-area" style=3D"width: 100%; min-width: 100%; "> <tbody> <tr> <td> <table border=3D"0" cellpadding=3D"0" cellspa= cing=3D"0" lang=3D"x-content-area-main" style=3D"width: 100%; min-width: 10= 0%"> <tbody> <tr> <td align=3D"left" style=3D"padding-bottom: 2= 0px; font-family: Roboto, Arial, sans-serif; color: #000000; font-size: 14px; line-height: 22px;" valign=3D"top"><b>I S= quared Capital</b> agreed to acquire a portfolio of 10 data centers from <b= ><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n7= 3BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpb1yxk9GhAGMAiyj7FWfrtfP13lbvVsF21= LJlrLv0mg-3D-3DVrOi_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdW= eUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5x= yoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBn= k9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxy= AMjWbx4BIofIvPoSE0nZILp6VdXb7kgqTysKQhdcEbVySw19RKk-2FVBYVjhoeZVlimUeeDB-2F= 0Uwkb3nKjXQLpQ7Lc-2FcIpWBp9XYH8EZnsZNCRCwRaz-2FSsuN22PZw264NMpaAQF-2BJy84X3= -2Fg5smVXQbXCwj70sPyDt96SDIUCsPfR2SBIQVB4QKKq-2B5dVzueld4j4idvGgg5-2FpMs582= dkMJcnMJmn-2BJ-2F5UpqtHXkXZ8iZym8aK0Mo7SeQMFsTFmBPk4o-2FIdNQzlAGttZuloliWz1= RXATth6d9yXep7THTYM5jK5Ckd" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">Cogent Fiber</a></b> in a $225 million deal. I Squared will inves= t up to $1 billion and use the acquisition to launch a US data center opera= ting platform.<br><br><b>Hg</b> made a $500 million strategic growth invest= ment in <b><a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn= =3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpb1yxk9GhAGMAiyj7FWfr-= 2FJ-2FcrqGXSc1xAJrYMAlq1g-3D-3DQZop_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCf= mzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJ= qyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O= 2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJ= jrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdUTsfYw2OOMItlyWya9HF5Pn7dSNviTW8u= esztfPQBLrYGzHcYPnEp3TFQL3Jubgd21rI3phr1EJXrKfa58Heb9oVCJz3-2FJS-2B4-2BIxs-= 2BBsJy9cuDkdgcEdpzaEs66HEbO-2FFwD8dLE-2F3hn6efpDnAJYaeaQFd2J8XUkxp6pyi1A-2F= u-2B4sXBR1EQkFU1vXOZk073XPngwUmiLpRe9Uc5-2FMi-2FWqKUGVfbE70IxCUxscUjBil-2FV= x-2Bv4wp7Zo-2FAi1YoI7Bx8OI9yOGgwxJTIwfonZvFxDZ" style=3D"color: #1D5080;" t= est=3D"" universal=3D"true">Rightsline</a></b>, a Los Angeles-based rights = and royalties management software provider.<br><br><b>Littlejohn & Co.<= /b> closed a continuation vehicle led by <b>The Carlyle Group</b> for maint= enance and restoration company <b><a href=3D"https://url6380.news.pitchbook= .com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUp= b1yxk9GhAGMAiyj7FWfreFS62-2FhiOeSgr6Nb9Va-2BuQ-3D-3DFGtd_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgA= TkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5w= mS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB= 51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdUYRw-2ByQSbG= 3nU-2BQShKJfPrqEgOvGKyvCGZU-2BOUdMtUl2fbRKHS0kSm-2B9Yc-2FFujuqewoxojJLG0T74= a-2BpjQTqnTtLO6i1eBtzh5kJgbLij4ZDqUH0smX51upRjNI-2BbRtMu15YGrVM4-2FoFgY-2FP= MwMdC4QFYV6xG9fL1lQOmM-2B279SwH9paKnXSU-2ByFcEAnESE4MEMftMKHnm1JwzzPjiA1GgY= TkzWaYBdpFubzuOMkPRmuGceKYdXOPpfJESbg7Zu8Ud-2FEe5Yn34AHBjwZqu5TLJ" style=3D= "color: #1D5080;" test=3D"" universal=3D"true">Valcourt Group</a></b>.<br><= br><b>RC Capital</b> invested in diagnostic imaging company <b><a href=3D"h= ttps://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7Sp= SWIrf6GFa-2BaqM7ONnvsnswouzUpb1yxk9GhAGMAiyj7FWfrXUXybuNtFmiuKH7deVRbFA-3D-= 3DGelI_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF= 9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKIC= cE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb= 1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIv= PoSE0nZILp6VdV9HVOSLBufbq8dBUDduo4UuLmQFDGxzgoXXmJ5PStgep1MHbagfKGNpNPPQrrK= sdw0W5HzXDcdpDyE4Gi54kzkvYXTUNGes784WDKGBLK-2FrJtKE7i58pbEZ3J166Sq-2FXp-2FO= 4VVzKVGm8luWFWps7mUiSlMq0v6unVtpyS9-2FFEmtJ6CjU9obQFaW-2BT1LoUZAFLqTbeON-2F= 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cC-2B4lJN0putKZBPF8hMydCBgBs20YQOPRhaIAl" style=3D"color: #1D5080;" test=3D= "" universal=3D"true">Ryde Technology</a></b>, an Oslo-based e-scooter oper= ator, with <b>Goldman Sachs Alternatives</b> as lead investor.<br><br><b>Si= xth Street Partners</b> acquired the <b><a href=3D"https://url6380.news.pit= chbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsns= wouzUpb1yxk9GhAGMAiyj7FWfrB2KggYJxdlzNcmmzLdWgZw-3D-3DPa5J_I3w5d9c01gkD8gLz= FEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paS= gATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG= 5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7= FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdVCvvLaTKlO= VKehxpjpi6OMirzKvcdnwJCg6ISIhKeJO91RudoyLnkRmABEw8I-2FaDV-2FPflpfRt6cikD-2B= gIp-2FZntt80E654OA5IpN-2FiK6gGmussUsHSEkJolbgWlH0znSJcD-2BsFlZIHHvErbdj2EsL= LdIrGusO-2Fs8BziLcM3ByxyJq3OYqrGXF-2FXYy6RioKMgG6DjfiDXLH50k2iMq-2BtLWzCEgb= 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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">Taiwan= -based solid-state battery maker <b><a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= Upb1yxk9GhAGMAiyj7FWfrti9hE6DlMTlnzS7bgEyOTw-3D-3DOV9z_I3w5d9c01gkD8gLzFEof= ZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATk= VXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS= 7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51= er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdWuRHUAPIa4JXoR= yUYp7ewh4i9s8hjsIDUJEGB8vkAu0JuhFEfeDAZp3IhfEOJdwram6jEgzBREnuulh7VoRJcBoUj= VKrtml9oMHP6QpNlCYAKSE62Q1QnZZG64puIjCG-2FsCPwLyDJ63Ofevr4DMaM63LkCYP7k355r= 020lS99rD2ar92Oru6K69wMtJbQ1xZS1CDVYPcV0GdL9hyAdkJGNlRE-2BcfTAG2VS1HPtUjxtl= oAWBx2-2B8-2B6hyghmlIxS-2BJ-2F82I0HsiBPUQmeVdTopZVN" style=3D"color: #1D508= 0;" test=3D"" universal=3D"true">ProLogium</a></b>, which is backed by inve= stors including <b>Highground Holdings</b>, will go public at a $3.8 billio= n valuation via a SPAC merger with <b> Translational Development Acquisitio= n Corp</b>.<br><br> VC-backed French nuclear energy startup <b><= a href=3D"https://url6380.news.pitchbook.com/uni/ls/click?upn=3Du001.d4n73B= rX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouzUpb1yxk9GhAGMAiyj7FWfrrSEUyoG8jtNARmQ= TW91DkQ-3D-3DnodX_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeU= gFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyo= yK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9= QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAM= jWbx4BIofIvPoSE0nZILp6VdWoiqwmNtrlfPyGxBj2yH-2Bt4jv8kkpnLIwcVMkzTFFQnp2aPic= qWjMqascooVNF0dAKSPU4txLKyEmXKXkJI8yl-2FjAGAlaQL2EVSGm8BJy7EPGQ3r3sYBKUz7YX= BVUHcH9ytnkZDZfFWX6durnGPJ9zBHjVo7VbYXPNvzCFmvfHY7fMrpLuT-2BZAYNhvWWnBaJ7kd= 9-2F-2Fbo1A06TWmwJ-2FaRxyuepCbdw-2FV6ag2lvKqTnVE3XJSzYQd9EO4RNR8ApldSxq9Y26= 5mHBf5WW-2FFvo7aXO" style=3D"color: #1D5080;" test=3D"" universal=3D"true">= Newcleo</a></b> will go public in the US via a SPAC deal with <b>NewHold In= vestment Corp. III</b> at a $2.4 billion valuation.<br><br><b>Fidelity Mana= gement & Research</b>-backed <b><a href=3D"https://url6380.news.pitchbo= ok.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvsnswouz= Upb1yxk9GhAGMAiyj7FWfrnhByxWO-2FkAVLpIV1eJA7Hw-3D-3Dlg4B_I3w5d9c01gkD8gLzFE= ofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgA= TkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5w= mS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB= 51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdWO8yDOcsR-2B= BsGdEDBy1XsvTVJ53HXPyHOjcAI9OVZAxRHZqF3gH7HEDC5NQJ3uWf2CstU2h8nAKGLfyjQc0YI= Myn0njHYbJo-2FQPrEF9UM0CK0SPkLPGnHvg6CcVAImEl0ktAb-2B9UJaF3kpdb7dcSEqTAW1eo= o2FBT8FsWLaAOrkskco0090-2BRdeS5TxHeHgMg7B-2FYacjLaOSxtLerBZzOzEteq7gE0S1JNo= Ue0oYR4RgzerZQt8XPg8ePvxXM3vkwsB173e8nEKspnpTJZ0-2BgD" style=3D"color: #1D5= 080;" test=3D"" universal=3D"true">Kardigan</a></b>, which develops treatme= nts for cardiovascular diseases, filed for a US IPO.</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-2BaqM7ONnvsnswouzUpb1yxk9GhAGMAiyj7FWfrcGWX0QwweylXbyfFA= Wdxyw-3D-3D3eST_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK= 2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QM= EYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjW= bx4BIofIvPoSE0nZILp6VdWlC0UsVkUSJRAQj39hcbJtVj3HNvveGCupnqT3uXcAEcsU22Fwle2= 2LqdtElp3rgh6Lw0-2BPj2acJ45LTWaO6ysHHQW34yG7DEyOtRjBvEUoT8OOBxfKmY-2F7x-2Bu= iW7mpIKtJMEL28Ole8cgbsSGkd2lExVDS2pJ-2FR8TZPqj1071xLHwzFRYiO8HtpdwZSdFLLX9y= Gp9F5gVrpO6IZEaGn3R1nSMacFZlK4frYnFbScIqyOjbWePbfXktojJNiNcl2hvyLAAkB0uij1E= ur0dzIod" style=3D"color: #1D5080;" test=3D"" universal=3D"true">Transition= Ventures</a></b>, a London-based early-stage investor, raised a $150 milli= on fund focusing on physical AI.<br><br><b><a href=3D"https://url6380.news.= pitchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnv= snswouzWldJncFBFEJCq6XQiCq6RA2eDwXVXfSf-2BsLIXeYNay7Q-3D-3D3BV8_I3w5d9c01gk= D8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA= 02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1= KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZR= FrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdUgbdE= h0W5DH-2FNkhIdxkKJ2NVB-2BZIYNdk2jHWwvwx6usYrbqc1TfbKk-2BpSH-2BQIbWDKMH-2B4M= Y1-2FSPyf5zedlcMyOjM-2FNopljA4kWYDzVpFpEvc4b2BH2I3HN1zdJwQNoiFFWcBSpi3-2F-2= Bc6V92xnTz9YOjwFKygGitCJxlkKEZb-2F81KwE8OtQ2DHVWpJXV5ezIYC9aqTIAvFnzlax4oW3= T956tW7TgnylXC4znex7YaBmBrt8YhLrIwNxJIHJx5uN0suxPebZnVjbBAJtGhIDwAt-2B" sty= le=3D"color: #1D5080;" test=3D"" universal=3D"true">Opto Investments</a></b= > closed its AI-focused VC fund.</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-2BaqM7ONnvsnswouzWldJncFBFEJCq6XQiCq6RAYrRKd9EddwwGr6lNT= UnzXA-3D-3DrxY6_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgF= Va0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK= 2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QM= EYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjW= bx4BIofIvPoSE0nZILp6VdWOMv-2FATzdj9WkGxV-2Fwx-2FlTVV-2FrXec9Ua-2Bc5aFiqcy7o= xfog4HtLJl2esaYNTpaP0Cl2nvc-2FMTMaamvePhncxzwYmyw3MtqtpM2mIrizKi-2FVME9KqJM= 89zWXRbVZu-2FAa1TfV1m1c6jMjqV-2FU6YT7eViTpvSnquFIXauBdzkJKFJKHgLs-2By41J4Po= xj6cYAoWFXLpi5gJ385fQvf9luJ1wpgLSUEk4mkb2BDqOD-2BEyYFAaYa5m2-2Bwi-2BhyRKG5I= ujlAk-2FYdn5UNw9raNU9GZkUkjD" style=3D"color: #1D5080;" test=3D"" universal= =3D"true">The Carlyle Group</a></b> is launching a unit focused on middle-m= arket deals in the aerospace, defense and industrial sectors.</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-2BaqM7ONnvsnswouzWldJncFBFEJCq6XQiCq6RATHUGosWL6= nvkvT7-2FJ5ihKQ-3D-3D5__w_I3w5d9c01gkD8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1y= ZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA02paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKw= JfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1KXbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGW= IwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRFrQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYA= ckiZxyAMjWbx4BIofIvPoSE0nZILp6VdUVi2lOlV089r3b6YCno-2FLd6gXB11ybHZifjXNJmah= W-2FlMPMnw2lGcXO-2B8cnlgr2adEDsbwEmJvEDdl-2BgOonioyrJcvxQes8egtv-2FZtAhQDYT= -2F2G7QNcM0wlb93-2FHqdJFauvhSloFQ-2BNvj3POXZ7KVnRE5RUb1GeIMt-2BqamTHkOj9Nu0= xrE3MuBZeuxyG6mt1NkDQ7oOQ5YCdq5wZ7Yg7VH-2B-2Bhd1wOmLt3Vqhj8Uh3M-2BTh-2F2aoU= qYOGiL3ey4bimfzWB-2FmjqLAdJX3y71v1wYiu" universal=3D"true"> <img align=3D"c= enter" alt=3D"" src=3D"https://img.pitchbook.com/news/74524.png" style=3D"b= order: 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">Ares M= anagement, KKR and The Carlyle Group were the most active PE firms in the w= orld in the first three months of 2026, according to PitchBook's Q1 2026 Gl= obal League Tables. The rankings track all PE deal types as defined by Pitc= hBook for the quarter in question.<br><br> Source: <b><a href=3D"https://url6380.news.p= itchbook.com/uni/ls/click?upn=3Du001.d4n73BrX4Cuylw7SpSWIrf6GFa-2BaqM7ONnvs= nswouzWldJncFBFEJCq6XQiCq6RATHUGosWL6nvkvT7-2FJ5ihKQ-3D-3Dpiug_I3w5d9c01gkD= 8gLzFEofZR-2Bh6VwarHkxBRFCfmzy-2F3t1yZbcbdWeUgFVa0m8PzsF9grkLPzgoQxMIX7KAA0= 2paSgATkVXuKcBE0k1w8FRpGPiJqyb9T-2BKwJfqA5xyoyK2yKwqzKICcE24w4zFJ-2ByxYtD1K= XbmG5wmS7sQImTceojSLuJg1i1O2oXnckWSGWIwEIBnk9QMEYvzsd2Fb1BMdZlNnXYJvqwFQZRF= rQj7FB51er4nTpyD7peIGhVjFLJjrk5g4myYAckiZxyAMjWbx4BIofIvPoSE0nZILp6VdXc3wlW= 7geXmmWzs4F7ChbR3aC0JsENOPdq6fWEymLWF8l-2BmMkWWKCzCQrHha6LBkefJ4g33bVEGXmjU= PxRQtJRDiypg8rLGliFs95o6fR5Wxm6rvBJnCR5OCtCVISnnqZmpnIe5tUp20rtMAnbBaMKW4BS= Qn59DxIyCb-2BYy3oIvtFg1eGUuitdwDS2n4ber8UaCBP-2FZ5bA-2FtK3Dhfaft4-2BZG2C8vh= VnFg5a3UtoInbR8j9U5I9g3u76nBuszOT3NLhiR5bfbkB1k7PVKlVjd2v" style=3D"color: = #1D5080;" test=3D"" universal=3D"true">Global League Tables</a></b></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 6px; min-height: 6px; line-he= ight: 6px; padding: 0; " colspan=3D"2"></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> <tr> <td style=3D"height: 20px; min-height: 20px; line-height: = 20px; padding: 0;" colspan=3D"2"> </td> </tr> </tbody> </table></td>=20 <td class=3D"side-bar" width=3D"140" valign=3D"top" align=3D"r= ight" style=3D"padding-left: 20px;"> <table lang=3D"x-sidebar" align=3D"left" cellpadding=3D"0" ce= llspacing=3D"0" border=3D"0" width=3D"100%" style=3D"min-width: 100%;"> <tbody> <tr> <td> <table lang=3D"x-sidebar-block" width=3D"140" cellpadding= =3D"0" cellspacing=3D"0" border=3D"0"> <tbody> <tr> <td align=3D"right"> <table class=3D"desktop-only" cellspacing=3D"0" cellp= adding=3D"0" style=3D"border: 0; width: 100%; min-width: 100%; =20 "> <tbody> <tr> <td style=3D"padding: 0;"></td> </tr> <tr> <td style=3D"padding: 0; height: 20px; line-height= : 20px;"> </td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> </tbody> </table></td> </tr> =20 <tr> <td> <table lang=3D"x-footer" width=3D"100%" cellspacing=3D"0" cellpad= ding=3D"0" border=3D"0" style=3D"min-width: 100%;"> <tbody> <tr> <td width=3D"460" class=3D"container"> <table width=3D"100%" cellspacing=3D"0" cellpadding=3D"0" bor= der=3D"0" style=3D"min-width: 100%; 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