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box-sizing: 1px; box-shadow: 2px 3px 0px rgb(0 0 0 / 16%) !important; } </style> <div class="content-defi"> Scroll down to catch up on the latest developments in the private markets landscape! </div> <br> <br> <div style="margin-bottom:20px;" class="nav-sections"> <a href="#pm"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e22af0ca29dd3d1b115a78_Asset%2029%406x.png"> </a> <a href="#du"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e22af0e877052135822c85_Asset%2030%406x.png"> </a> <a href="#wn"> <img src="https://drive.google.com/uc?export=view&id=1KbruEXQTZ6jZkpYlDjLgHkufcYh3IxWq"> </a> <a href="#id"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e8e5b4ae456041fb362ab1_Asset%2083%406x.png"> </a> </div> <div class="content-defi " style="margin-right:0 !important;padding: 20px 30px;background: #F2EFEA;"> <div id="pm" class="content-defi " style="margin-right:0 !important;padding: 20px 0px 0px;"> <!-- <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62de8be33b2f2c3a5f285aec_Asset%203%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; width: 370px; max-width: 100%;" title="Banner" width="370"> --> <div> <!-- <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>Global Quarterly VC Funding Updates - Q2’22</b></p><table style="margin-bottom: 20px;"><tr class="d-flex"><td style="width:70%;" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">The global funding to startups reached US$108.5 billion in Q2’22. <br> There was, however, a 23% drop quarter-over-quarter (QoQ). The quarter was still the sixth-largest quarter for funding on record despite the new funding level marking a 6-quarter low. </p></td><td style="width:30%;" class="w100-section"><img class="image-blog mt-30" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e7cd39f3084672cc584fc4_Blog%20Quartely.png" style="display: block;padding: 0 30px;margin-top: -50px; height: auto; border: 0;padding-top: 10px; max-width: 100%;" title="Banner"></td></tr></table><img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> --> </div> </div> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;border-radius: 15px;" width="100%"> <tr> <td> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <img src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/62de8be33b2f2c3a5f285aec_Asset%203%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; width: 370px; max-width: 100%;" title="Banner" width="370"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:20px;color: #002D9C;text-align:left;font-weight:300;text-decoration: underline;"> <b>Private Equity and Venture Capital Funding Updates</b> </p> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <b>GLOBAL</b> </p> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>1. Monthly Trends: Private Equity (PE) and Venture Capital (VC) Investments</b> </p> <img class="pd-10" src="https://drive.google.com/uc?export=view&id=17OoirOvtoYwrI6wiLxPafz_esDxWXD-V" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 30px; width: 300px;" title="Banner"> <table style="width:100%"> <tr style="vertical-align: middle;" class="d-flex"> <td style="width:100%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:center;font-weight:300;"> Compared to January 2022, cumulative PE and VC investments dropped by 62.1% year-over-year (Y-o-Y) to US $25.32 billion from US $66.88 billion. </p> </td> <!-- <td style="width:30%" class="w100-section"><img class="pd-10" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/63107dc0588a9c83aa69834c_Global%20PE%20VC%20Funding.gif" style="display: block; height: auto; border: 0;padding-top: 10px; max-width:x 100%;margin: auto;padding: 30px 30px; width: 100%;" title="Banner"></td> --> </tr> </table> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #1d1d1b;text-align:left;font-weight:300;"> <b>2. Monthly Trends: Number of Deals Recorded </b> </p> <br> <table style="width:100%"> <tr class="d-flex" style="vertical-align: middle;"> <td style="width:30%" class="w100-section"> <img class="image-blog pd-10" src="https://drive.google.com/uc?export=view&id=1fVFw5hu0cfhi-5BmxgWf8C6k4BEalbJT" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;padding: 0 60px;" title="Banner"> </td> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <!-- <b>Global </b> --> <br> The month of January 2023 recorded 921 deals compared to 1663 deals in January 2022, a 44.6% decline from a year ago. </p> </td> </tr> </table> <!-- <table style="width:100%;margin-top: 30px;"><tr class="d-flex" style=" vertical-align: middle;"><td style="width:30%" class="w100-section"><img class="image-blog pd-10" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e7cd39bac2b0202a4d73f3_no%20of%20deals%20India%20blog.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;padding: 0 80px;" title="Banner"></td><td style="width:70%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><b>India </b><br> The month of June 2022 recorded 115 deals, which included about 12 large deals of value ≥ US$100 million, when compared to 109 deals in May 2022, indicating that the total number of deals undertaken in the month of June has witnessed an upward trend. </p></td></tr></table><img class="w100-section" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 60px 0 30px;" title="seperator"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>The Month’s Top 5 PE/VC Investments - India (June 2022) </b></p><div class="w100-section" style="width: 70%;margin: auto;"><img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62ea45afba10f52138f5c611_Asset%2088%404x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;width: 100%;margin-top: 10px;border-radius: 14px;" title="Banner"></div><img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 55px 0 30px;" title="seperator"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>Largest Funding Deal of the Month - India (June 2022)</b></p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><b> Actis acquired six operating highway toll road projects in India from Welspun Enterprises Limited (WEL), part of the Welspun Group</b><br><br> For an aggregate Enterprise Value of US$775 million, Actis, a leading global investor in sustainable infrastructure, has acquired six operating highway toll road projects in India from Welspun Enterprises Limited (WEL), part of the Welspun Group. </p><table style="width:100%"><tr class="d-flex"><td style="width:70%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">The deal is subject to certain conditions, such as approval from the lenders of Highway Projects, the National Highways Authority of India, and the Maharashtra Public Works Department.</p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Actis Long Life Infrastructure Fund (ALLIF) focuses on investing in stabilised operating assets, in a wide range of infrastructure sectors, that deliver a strong cash yield. This will be Actis's first road investment in India. </b></p></td><td style="width:30%" class="w100-section"><img class="image-blog mt-30" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e8e644c624b97984f146ab_Asset%2085%404x.png" style="display: block; height: auto; border: 0;padding-top: 10px; margin-top: -10px; max-width: 100%;" title="Banner"></td></tr></table> --> <br> </p> </div> </div> </td> </tr> </table> <!-- <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>Largest Funding Deal of the Week - India (Week of 25th July 2022)</b></p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><img style="padding-right: 15px;width: 130px;position: relative;top: -3px;" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e7cd3bbac2b066814d7400_Yes_Bank_logo%20blog.svg.2.png">- Funding deal that took the lion's share. </p></p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><b>Yes Bank to raise Rs 8,898 crore and sell 10% stake each to Carlyle and Advent International</b></p><table style="width:100%"><tr class="d-flex" style="vertical-align: middle;"><td style="width:80%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><ul style="line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><li>Yes Bank's board on Friday approved to raise a capital of Rs 8,898 crore from funds affiliated with private equity investors Carlyle and Advent International, with both the funds potentially acquiring a 10 percent stake each in the bank, as per Yes Bank. </li></ul></p></td><td style="width:20%" class="w100-section"><img class="image-blog2 mt-30 w100-section" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e7cd39eff86ab82c52ea4a_yes%20bank1.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%; margin-top: -30px;padding: 0 30px;" title="Banner"></td></tr></table><table style="width:100%"><tr class="d-flex" style="vertical-align: middle;"><td style="width:20%" class="w100-section"><img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e7cd3adcaac725ac56f807_yes%20bank2%20blog.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;" title="Banner"></td><td style="width:80%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><ul style="line-height:1.5;padding-top:40px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"><li>This will be raised through a combination of Rs 5,100 crore in equity shares and Rs 3,800 crore in equity share warrants, Yes Bank stated.</li><li>Further, Yes Bank also increased authorized share capital to Rs 8,200 crore from Rs 6,200 crore. </li></ul></p></td></tr></table> --> <!-- <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 60px 0 30px;" title="seperator"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"><b>Weekly PE/VC Funding Updates - India (July 2022) </b></p><table style="width:100%"><tr class="d-flex" style="vertical-align: middle;"><td style="width:70%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">When compared to the total fund in the week of July 18th, which amounted to US$141 million, the week of July 25th witnessed a significant positive upward trend, with total PE and VC investments being recorded at US$1.47 billion in total. </p></td><td style="width:30%" class="w100-section"><img class="image-blog w100-section" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e7cd39953e87e6f8b1e040_weekly%20funding%20blog.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;padding: 10px 60px;" title="Banner"></td></tr></table> --> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 40px 0 50px;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> 3. Private Equity/Venture Capital - Sector Composition </b> <br> <br> SPOT Sector - <b>TMT (Technology, Media and Telecommunications) </b> <div class="w100-section" style="width: 70%;margin: auto;"> <img src="https://drive.google.com/uc?export=view&id=13-kBXWKgFNffjWYNPj64govzXWnY_ysQ" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;width: 100%;margin-top: 10px;border-radius: 14px;" title="Banner"> <br> <br> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> The Technology, Media, and Telecommunications (TMT) sector attracted the most PE/VC flows during the month, raising ~US $8 billion in total transaction value, comprising 30.4% of total investments made in January 2023. A total of ~US $6 billion was invested in the industrials sector, followed by ~US $4 billion in the healthcare sector, accounting for 24.5% and 15.2% of the total investments made respectively. </p> </div> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 55px 0 30px;" title="seperator"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>4. Largest Funding Deal of the Month </b> </p> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> Vista Equity Partners’ agreement to acquire Duck Creek Technologies Inc. for US $2.63 billion </b> <br> <br>Duck Creek Technologies has entered into a definitive agreement to be acquired by Vista Equity Partners, for US $19.00 per share, in an all-cash transaction valued at ~US $2.63 billion. </p> <table style="width:100%"> <tr class="d-flex"> <td style="width:70%" class="w100-section"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">The investor group includes private equity firms Insight Venture Management LLC, Temasek Holdings Ltd., Dragoneer Investment Group LLC, and Apax Partners LLP, along with Accenture PLC and Accenture LLP. <br> The transaction is expected to close in the second quarter. Upon completion of the transaction, Duck Creek’s common stock will no longer be publicly listed, and it will become a privately held company. Vista Equity Partners intends to finance the transaction with fully committed equity financing. <br> </p> </td> <td style="width:30%" class="w100-section"> <img class="image-blog mt-30" src="https://drive.google.com/uc?export=view&id=1NBx6nPupHjIBuy6eUmgG8gV9w3TM6xR6" style="display: block; height: auto; border: 0;padding-top: 10px; margin-top: -10px; max-width: 100%;" title="Banner"> </td> </tr> </table> <table style="width:100%"> <!-- <tr ><td style="width:70%" class="w100-section"><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">New investors like Mubadala Investment Company and Canada Pension Plan Investment Board joined existing investors like Sequoia, Bestseller, Silver Lake, and Commonwealth Bank of Australia in the financing round. </p><p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">In total, US$800 million was invested in common equity. The fund will be used by Klarna to expand in the US, where it already has around 30 million customers. </td><td style="width:30%" class="w100-section"><img class="image-blog mt-30" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/63107dc105bc51884e6cb636_Global%20Largest%20funding%20deals.gif" style="display: block; height: auto; border: 0;padding-top: 10px; margin-top: -10px; max-width: 100%;" title="Banner"></td></tr><tr> --> <td style="width: 100%;"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e23edd1272dc38c012bc00_Asset%206%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;padding: 30px 0;" title="seperator"> </div> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b> 5. Private Equity & Venture Capital - Region Composition </b> </p> <div class="w100-section" style="width: 70%;margin: auto;"> <img src="https://drive.google.com/uc?export=view&id=1Xru2aMLkeNmqy0iCOwV2aUeBuoA62L40" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin: auto;width: 100%;margin-top: 10px;border-radius: 14px;" title="Banner"> <br> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> North America takes the lion’s share of the highest monthly aggregate value for private equity and venture capital investments with US $12.39 billion, followed by Asia-Pacific ranked second with US $6.53 billion, and Europe investments totaled US $5.22 billion. </p> </div> <br> </p> </td> </tr> <tr> <td style="width: 100%;"> </table> </td> </tr> </table> </td> </tr> </table> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #fff;" width="100%"> <tr> <td style="padding:20px 0 0 !important;"> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; font-family: Poppins, Arial, Helvetica, sans-serif; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #fff;" width="100%"> <tr> <td style="padding:20px 0 !important;"> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; font-family: Poppins, Arial, Helvetica, sans-serif; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <img id="du" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e04e7cbb21833229d6_Asset%2056%404x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;" title="Banner"> <p style="margin-top:6px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Here's a quick glance at the latest deal-related news in the market.</p> <img class="mx-200" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e10d200a7da1e14f9b_Asset%2057%404x.png" style="display: block; height: auto; border: 0;padding-top: 40px; max-width: 100%;margin-left:30px;width: 290px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300; text-decoration:none;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.businesstoday.in/entrepreneurship/story/byjus-in-talks-to-raise-500-mn-from-tpg-report-370534-2023-02-16" target="_blank"> <b>Byju's in talks to raise US $500 million in a fresh round </b> </a> <br> <i style="color:#171723;font-size: 14px;">February 16th, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Edtech company BYJU’S is in talks with investors such as Texas Pacific Group Capital (TPG) to raise more than US $500 million, according to a report by Bloomberg. The report revealed that the capital infusion is much-needed as it could help them stave off potential debt issues. <a href="https://www.businesstoday.in/entrepreneurship/story/byjus-in-talks-to-raise-500-mn-from-tpg-report-370534-2023-02-16" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:0px;" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>Our Experts' Opinion</b> <br> The fresh infusion will likely help tackle issues that Byju's is facing from creditors demanding early repayment of part of the US $1.2 billion loan on its books. Given that the company's losses in FY21 widened sharply, much of the new capital infusion is likely to be directed towards a turnaround plan that the founder Byju Raveendran has proposed, in order to reduce the losses further. </p> <img class="mx-200" src="https://drive.google.com/uc?export=view&id=1L9bgZR3hP6Ed6dlTV68_b0hcEUpoClTY" style="display: block; height: auto; border: 0;padding-top: 40px; max-width: 30%;margin-left:30px;width: 170px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300; text-decoration:none;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.coinspeaker.com/kraken-team-ipo-public-listing/" target="_blank"> <b>Crypto exchange Kraken recently assembled a team with significant IPO experience as it plans for the future </b> </a> <br> <i style="color:#171723;font-size: 14px;">February 8th, 2023 </i> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Kraken is reportedly filling its C-suite team with people experienced in initial public offerings despite the IPO market remaining closed. Kraken believes that the “short-term” hurdles experienced in the digital asset space would eventually give way to better fortunes. <br> <a href="https://www.coinspeaker.com/kraken-team-ipo-public-listing/" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:0px;" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>Our Experts' Opinion</b> <br> While Kraken has not announced any timelines for its IPO, they are positioning themselves for the long term and assembling a C-suite team suggesting that the crypto exchange views a listing in the future. </p> <img class="mx-200" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f7c98c1c3a422612895f_Asset%2059%404x.png" style="width: 280px;display: block; height: auto; border: 0;padding-top: 40px; max-width: 100%;margin-left:30px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300; text-decoration:none;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.livemint.com/news/india/byjus-mulls-shutting-down-whitehat-jr-report-11677141699947.html" target="_blank"> <b>Byju's has no plans to shut down WhiteHat Jr., which was acquired by the startup firm for US $300 million in 2020 </b> </a> <br> <i style="color:#171723;font-size: 14px;">February 23rd, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> BYJU's, which grappled with mounting losses after the pandemic-era boom in online tutoring petered out, denied any plans to shut down one of its acquisitions, coding platform WhiteHat Jr. </p> <a href="https://www.livemint.com/news/india/byjus-mulls-shutting-down-whitehat-jr-report-11677141699947.html" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>Our Experts' Opinion</b> <br> Byju's has multiple platforms under the Live 1 on 1 segment (such as Tynker in the US). Shutting down WhiteHat Jr. could be a move to change focus geographically to the US. Moreover, WhiteHat Jr. contributed disproportionately to Byju's expenses when compared to its topline contribution. As such, the move could help improve profitability. As such, with its focus on recreative, experiential learning as opposed to Byju's core model of education geared towards acing school exams, the managerial and product-level synergies between Byju's and White Hat Jr. were always missing. Scaling such a dissonant business with the larger group is likely to remain tough, given that at least until November 2022, White Hat Jr remained a major source of drain when it came to Byju's cash. </p> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px; padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;text-decoration:none;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.business-standard.com/article/companies/allianz-dunzo-tie-up-to-provide-insurance-cover-to-delivery-partners-123022200946_1.html" target="_blank"> <b>Dunzo has partnered with Alliance Insurance to offer insurance to 20,000 delivery partners </b> </a> <br> <i style="color:#171723;font-size: 14px;">February 22nd, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> Dunzo delivery and Alliance Insurance Brokers have joined hands to provide insurance to the former’s national network of delivery partners, providing insurance protection to almost 20,000 delivery partners, insured on a daily basis, while they are active on the platform. <br> <br> In case there is an accident, the policy offers a benefit of INR 5 lakh to cover children’s education, and reimburse business losses and hospitalization expenses, etc. </p> <a href="https://www.business-standard.com/article/companies/allianz-dunzo-tie-up-to-provide-insurance-cover-to-delivery-partners-123022200946_1.html" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>Our Experts' Opinion</b> <br> In an increasingly competitive economy for supply of delivery partners, the move will help improve stickiness of gig workers in the platform and reduce churn. The move also shows the company's proactive response towards improving the working conditions of gig workers, which are fast becoming a significant share of the employed in India's metro cities. </p> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;text-decoration:none;"> <a style="color: #002D9C;text-decoration:none;"href="https://www.prnewswire.com/news-releases/klarna-us-growth-surges-with-gmv-up-71-yoy-301753157.html"> <b>Klarna US growth surges with GMV up 71% YoY </b> </a> <br> <i style="color:#171723;font-size: 14px;">February 22nd, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Klarna, the global leader in the generational shift away from credit cards, announced strong momentum in the US, with a 71% YoY increase in GMV while improving credit loss rates by 37%. Now with 34 million consumers in the US, the market has become Klarna's largest market by revenue as of December 2022. The Klarna App, recently named Best Overall BNPL App of 2023 by Forbes, now has over 8 million monthly active app users and 30 million downloads. </p> <a href="https://www.prnewswire.com/news-releases/klarna-us-growth-surges-with-gmv-up-71-yoy-301753157.html" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>Our Experts' Opinion</b> <br> The US now represents Klarna's biggest revenue-generating stream globally, with a 71% YoY increase in gross merchandise value (GMV). It has also forecasted that it will hit profitability on a monthly basis next year. Klarna's app in the US seems to have squarely hit a product market fit, with its features such as price-comparison, curated videos, price drop notifications and digital tracking for customers. Furthermore, the company seems to have identified multiple levers for revenue, significantly through in-app marketing and ad solutions for merchants, which are enabling it to weather the headwinds to its core BNPL model from higher interest rates better. </p> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f7cab4bd5e4cc19b0624_Asset%2060%404x.png" style="display: block; height: auto; border: 0;padding-top: 40px;width: 175px;margin-left:30px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;text-decoration:none;"> <a style="color: #002D9C;text-decoration:none;"href="https://www.businesswire.com/news/home/20230223005467/en/Grab-Reports-Fourth-Quarter-and-Full-Year-2022-Results"> <b> Grab reports fourth quarter and full year 2022 results </b> </a> <br> <i style="color:#171723;font-size: 14px;">February 23rd, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">The company achieved revenue growth of 310% year-over-year (“YoY”), while improving the Group and Deliveries Segment Adjusted EBITDA margins and maintaining regional category leadership across the Mobility and Food Deliveries businesses. The company has achieved these results by focusing on capturing the rebound in mobility demand, optimizing costs, reducing cost-to-serve and innovating on products and services that drive stickiness and engagement within the ecosystem. </p> <a href="https://www.businesswire.com/news/home/20230223005467/en/Grab-Reports-Fourth-Quarter-and-Full-Year-2022-Results" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>Our Experts' Opinion</b> <br> Despite a narrowing of losses and forward guidance for EBITDA profitability having brought ahead, consensus outlook for the company remains neutral. There are concerns that much of the easy improvement in margins has already been implemented, and the road ahead to profitability might either mean a further reduced focus on peripheral businesses (financial services and new initiatives) or layoffs (as has been the case with GoTo and SEA Inc.). </p> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;text-decoration:none;"> <a style="color: #002D9C;text-decoration:none;"href="https://www.financialexpress.com/india-news/meesho-hits-4-bn-in-annualised-gmv-supported-by-ad-revenue-cfo/2985223/"> <b>Meesho hits US $4.5 billion in annualized GMV </b> </a> <br> <i style="color:#171723;font-size: 14px;">February 18th, 2023</i> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">E-commerce firm Meesho has hit an annualized gross merchandise Value (GMV) of US $4.5 billion during the current fiscal, a 100% year-on-year growth. The company, which posted a net loss of INR 3,248 crores in FY22 on revenue of INR 3,232 crores, expects to turn profitable in FY24 as its cash burn is down by 90% in FY23 and it is cutting its advertising and promotional expenses considerably. </p> <a href="https://www.financialexpress.com/india-news/meesho-hits-4-bn-in-annualised-gmv-supported-by-ad-revenue-cfo/2985223/" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>Our Experts' Opinion</b> <br> The annualized GMV of US $4.5 billion implies 100% YoY growth. It bodes well for Meesho's listing plans as it starts to focus on becoming profitable. The exponential growth seems to be a result of the inflationary environment that compels consumers to buy affordable products, which is Meesho's value proposition. As we had highlighted even earlier, Meesho's strategic move to a business model that charges its sellers for ads and promotions, rather than fulfilment, seems to have a better fit, given the willingness of its customers (small sellers) to pay. That said, the impact of this expansion in GMV, on its bottomline profitability still remains to be seen. </p> <img class="mx-200" src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/63dd070fd49954c9df3fc480_Investment%20button%20hd.png" style="display: block; height: auto; border: 0;padding-top: 40px; max-width: 30%;margin-left:30px;width: 175px;" title="heading"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300; text-decoration:none;"> <a style="color: #002D9C;text-decoration:none;" href="https://www.thecrimson.com/article/2023/2/21/hmc-13f/" target="_blank"> <b>Harvard boosted investment in Singapore’s Grab app, modified biotech holdings in Q4'22</b> </a> <br> <i style="color:#171723;font-size: 14px;">February 21st, 2023 </i> </p> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">The Harvard Management Company boosted its investments in Grab — a Singaporean all-in-one app offering food delivery, transportation, and digital payment services.HMC — which stewards Harvard’s US $50.9 billion endowment — increased its holdings in Grab by 40 percent, to a total of 13 million shares at the end of December 2022. <br> <a href="https://www.thecrimson.com/article/2023/2/21/hmc-13f/" target="_blank"> <img src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; width: 115px; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:0px;" title="CTA"> </a> <p style="margin-top:25px;margin-bottom:20px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;"> <b>Our Experts' Opinion</b> <br> Followed by increased investment in Grab by Mizuho Securities, HMC increased its holdings in Grab by 40 percent, to a total of 13 million shares at the end of Dec'22. HMC, which is Harvard University's investment arm, continued to bet on Grab's potential to become an Uber analog for SE Asia. A favorable shift in the endowment's view around Emerging Market equities also might have played a role in expanding its stakes in Grab. </p> </div> </div> </td> </tr> </table> <table id="wn" border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #3257B0;" width="100%"> <tbody><tr> <td style="padding:20px 0 !important;"> <div style="font-family: sans-serif"> <img src="https://drive.google.com/uc?export=view&id=1UxVMQqxjYokDcRUByKiqitDGEmcxtF0g" style="width:100%;"> </div> </td> </tr> </tbody></table> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #fff;" width="100%"> <tr> <td style="padding:20px 0 !important;background: #F2EFEA;"> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; font-family: Poppins, Arial, Helvetica, sans-serif; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <img id="id" class="mw-100" src="https://assets-global.website-files.com/614a9edd8139f5def3897a73/62e8e5b48acaee0a3d505cca_Asset%2084%406x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 350px;" title="Banner"> <p style="margin-top:6px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">Discover interesting private markets facts and information right here!</p> <table style="width:100%"> <tr style="vertical-align:middle;"> <td style="width:50%" class="w100-section"> <img class="mw-200" src="https://drive.google.com/uc?export=view&id=1lbEcIecZtd2PyZ8HFvHwizcQCMtlD8-h" style="display: block; height: auto; border: 0;padding-top: 40px; max-width: 190px;margin-left:30px;" title="heading"> <a style="color: #002D9C;text-decoration: none;" href="https://yourstory.com/2023/02/2022-year-readjustments-private-markets" target="_blank"> <p style="margin-top:36px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;color: #002D9C;text-align:left;font-weight:300;"> <b>A DEEP DIVE INTO THE PRIVATE MARKETS </b> </p> </a> <p style="margin-top:25px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:30px;color:#171723;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:left;font-weight:300;">With the dominance of numbers over narratives, 2022 witnessed the emergence of obvious trends coupled with the readjustments of some old ideas in the sphere of private markets. Here’s a quick retrospective on the entire scenario. </p> <br> <a href="https://yourstory.com/2023/02/2022-year-readjustments-private-markets" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:30px;margin-bottom: 40px;" title="CTA"> <img src="https://global-uploads.webflow.com/614a9edd8139f5def3897a73/62e0f4e09a22710bd10dbda7_Asset%2058%404x.png" style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;margin-left:0px;" title="CTA"></a> </td> <td style="width:50%" class="w100-section"> <a href="https://yourstory.com/2023/02/2022-year-readjustments-private-markets" target="_blank"> <img class="image-blog" src="https://drive.google.com/uc?export=view&id=1pH-qAwtZSG8-zq6uV6eu0VearBzY4poW"style="display: block; height: auto; border: 0;padding-top: 10px; max-width: 100%;" title="Banner"> </a> </td> </tr> </table> <table border="0" cellpadding="20" cellspacing="0" class="text_block" role="presentation" style="mso-table-lspace: 0pt; mso-table-rspace: 0pt; word-break: break-word;background: #fff;" width="100%"> <tr> <td style="padding:20px 0 !important;"> <div style="font-family: sans-serif"> <div class="txtTinyMce-wrapper" style="font-size: 12px; font-family: Poppins, Arial, Helvetica, sans-serif; mso-line-height-alt: 18px; color: #1d1d1b; line-height: 1.5;"> <p style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:22px;color: #002D9C;text-align:center;font-weight:300;"> <b>Intrigued to know more?</b> </p> <p class="w100-section" style="margin-top:16px;margin-bottom:0px;margin-right:0;margin-left:0;line-height:1.5;padding-top:0px;padding-bottom:0px;padding-right:10px;padding-left:10px;font-family: aktiv-grotesk, sans-serif;font-size:16px;text-align:center;width: 70%;margin: auto;font-weight:300;margin-top: 10px;margin-bottom: 20px;">Discover exclusive private market opportunities today with Kristal Private Markets. </p> <div style="text-align:center;"> <a class="gt-cta-2 gt-cta-10 onelink-signup" href="https://portal.kristal.ai/signup?af_js_web=true&af_ss_ver=2_7_0&pid=direct_kpm&c=mar-23al-kmp-led"> Get Started ➔ </a> <br> <br> </div> </div> </div> </td> </tr> </table> </div>
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