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are struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked. </h2><div class="bh__byline_wrapper"><div><div style="display:flex;"><div style="display:flex; flex-direction:row; justify-content:flex-start;"><div style="display:flex;"><img alt="Author" height="40" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg" style="height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:10;box-sizing:content-box;position:relative;border-radius:9999px;" width="40"></div><div style="display:flex; align-items:center;"><p style="left:8px;position:relative;font-family:'Helvetica',Arial,sans-serif;font-weight:normal;font-size:14px;color: var(--wt-text-on-background-color);margin:0px;line-height:20px;"><span><a href="https://www.execsum.co/authors/2e8f4f5d-5856-4463-ad71-a48cbba10c7a" target="_blank" style="color:var(--wt-text-on-background-color) !important;text-decoration:underline !important;">Litquidity Capital</a></span><br><span class="text-wt-text-on-background" style="opacity:0.75;"> July 25, 2024 </span></p></div></div></div></div><div class="bh__byline_social_wrapper"><a href="https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.execsum.co%2Fp%2Fyet-another-clappening" target="_blank"><div style="max-width:28px;"><svg fill="none" height="100%" viewBox="0 0 212 212" width="100%" xmlns="http://www.w3.org/2000/svg"><circle cx="106.214" cy="105.5" fill-opacity="0.15" fill="#9CA3AF" r="105.5"></circle><path d="M96.9223 92.1778H87.0327V105.498H96.9223V145.461H113.405V105.498H125.273L126.591 92.1778H113.405V86.5165C113.405 83.5193 114.064 82.1873 117.031 82.1873H126.591V65.5364H114.064C102.197 65.5364 96.9223 70.8647 96.9223 80.8552V92.1778Z" fill="#BAC2CE"></path></svg></div></a><a 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struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Sky-high rates and stock market volatility calls for a portfolio rebalance. Gain exposure to private credit with <a class="link" href="https://percent.com/?utm_source=execsum&utm_medium=newsletter&utm_campaign=jul2024&utm_content=jul25" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Percent</a>, a highly democratized private credit market for <a class="link" href="https://percent.com/?utm_source=execsum&utm_medium=newsletter&utm_campaign=jul2024&utm_content=jul25" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">exclusive private credit deals</a>. </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Let's dive in. </p></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="before-the-bell" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Before The Bell</b></h1></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><img alt="" style="margin:0 auto 0 auto;width:100%;border-radius:10px;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/42fbde9d-30e4-4d5c-8856-a898aa4e45d8/image.png?t=1721866156"><div style="margin:0 auto 0 auto;padding-left:4px;padding-right:4px;padding-top:4px;text-align:left;width:100%;"><small style="color:#C0C0C0;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:12px;font-style:italic;text-decoration-color:#C0C0C0;text-decoration:none;"><p>As of 07/24/2024 market close.</p></small></div></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Markets</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> US stocks got hammered as investors reacted to disappointing earnings from Big Tech names </p><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> S&P snapped its longest streak without a 2% decline since 2007 </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> S&P had its worst day since December 2022 </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Nasdaq had its worst day since October 2022 </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Volatility Index (VIX) hit a three-month high </p></li></ul></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> China 2Y-10Y premium widened to the most since 2020 as steepener bets grow </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Earnings</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);"><b>IBM </b></span><span style="color:rgb(34, 34, 34);">beat Q2 EPS and revenue estimates on growth in business tied to AI (</span><a class="link" href="https://www.cnbc.com/2024/07/24/ibm-q2-earnings-report-2024.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a><span style="color:rgb(34, 34, 34);">) </span></p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);"><b>Ford</b></span><span style="color:rgb(34, 34, 34);"> tumbled ~12% after widely missing Q2 EPS estimates due to continued warranty costs issues (</span><a class="link" href="https://www.cnbc.com/2024/07/24/ford-motor-f-earnings-q2-2024.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a><span style="color:rgb(34, 34, 34);">) </span></p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);"><b>AT&T</b></span><span style="color:rgb(34, 34, 34);"> jumped ~5% after beating Q2 estimates for wireless subscriber additions on strong demand for higher-priced plans (</span><a class="link" href="https://www.cnbc.com/2024/07/24/att-t-q2-earnings.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a><span style="color:rgb(34, 34, 34);">) </span></p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);"><b>Chipotle</b></span><span style="color:rgb(34, 34, 34);"> beat Q2 EPS and revenue estimates on an 8.7% increase in foot traffic, defying an industry slowdown (</span><a class="link" href="https://www.cnbc.com/2024/07/24/chipotle-mexican-grill-cmg-q2-2024-earnings.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CNBC</a><span style="color:rgb(34, 34, 34);">) </span></p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);">What we're watching this week:  </span></p><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);">Today: </span><span style="color:rgb(34, 34, 34);"><b>American Airlines</b></span></p></li></ul></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="color:rgb(34, 34, 34);">Full calendar </span><a class="link" href="https://www.nasdaq.com/market-activity/earnings" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">here</a></p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="headline-roundup" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Headline Roundup</b></h1></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Leveraged tech bets lost 37% after drawing $2B of inflows (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/leveraged-tech-bets-get-crushed-after-drawing-in-2-billion?srnd=phx-markets&embedded-checkout=true" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> BoC cut rates by 25 bps for the second-straight month (<a class="link" href="https://www.reuters.com/markets/rates-bonds/view-bank-canada-cuts-rates-again-2024-07-24/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Eurozone banks see IB boost but outlook concerns grow (<a class="link" href="https://www.reuters.com/business/finance/euro-zone-banks-see-investment-banking-boost-outlook-stalls-shares-2024-07-24/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Fortune 500 firms may see $5.4B in losses tied to CrowdStrike (<a class="link" href="https://www.reuters.com/technology/fortune-500-firms-see-54-bln-crowdstrike-losses-says-insurer-parametrix-2024-07-24/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> CrowdStrike offered $10 gift cards to clients as an apology (<a class="link" href="https://techcrunch.com/2024/07/24/crowdstrike-offers-a-10-apology-gift-card-to-say-sorry-for-outage/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Secondaries deal flow rose 58% YoY in H1 (<a class="link" href="https://www.wsj.com/articles/private-secondary-market-rises-58-as-deal-buildup-finally-breaks-65c33c7a?tpl=pe" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Firms are divesting bigger assets as dealmaking recovers (<a class="link" href="https://www.wsj.com/articles/companies-shed-bigger-assets-to-slash-debt-get-lean-2df35eef?mod=business_lead_pos5" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Investors are warming to UK equities (<a class="link" href="https://www.ft.com/content/e5079b7c-01b6-453d-8cf6-4d19cc9156b2" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> India is closing in on China as largest emerging market (<a class="link" href="https://www.ft.com/content/3f34e4f7-b9a5-4508-80ed-bfda414f9324" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> China is testing AI models to make sure they're socialist (<a class="link" href="https://www.ft.com/content/10975044-f194-4513-857b-e17491d2a9e9" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> China quant funds suffer deep losses in H1 amid crackdown (<a class="link" href="https://www.reuters.com/business/finance/chinas-quant-funds-suffer-deep-losses-amid-crackdown-2024-07-24/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> China says Taiwanese workers have nothing to fear if law-abiding (<a class="link" href="https://www.reuters.com/world/china/dont-break-law-you-have-nothing-fear-china-tells-taiwan-staff-multinational-2024-07-24/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Lackluster LVMH earnings flash warnings for global luxury market (<a class="link" href="https://www.ft.com/content/bdadd230-8672-4d88-990a-fd573a100570" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> NBA signed a $77B streaming deal with ESPN, NBC, and Amazon (<a class="link" href="https://www.reuters.com/business/media-telecom/nba-signs-broadcasting-deal-with-disney-amazon-comcast-2024-07-24/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Blackstone's mortgage REIT fell 10% on mounting CRE woes (<a class="link" href="https://www.reuters.com/business/finance/blackstones-battered-mortgage-fund-slumps-empty-offices-intensify-pressure-2024-07-24/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Luxury home sales continue to surge in otherwise slow market (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/real-estate-market-is-broken-for-everyone-except-the-ultra-rich" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> The hottest job market in a generation is over (<a class="link" href="https://www.wsj.com/economy/jobs/the-hottest-job-market-in-a-generation-is-over-92f61452" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Bernard Arnault lost more wealth than any billionaire in 2024 (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/lvmh-s-arnault-has-lost-more-wealth-than-any-billionaire-in-2024?srnd=homepage-americas" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="a-message-from-percent" style="padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;"><h2 style="color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;"><b>A Message From Percent</b></h2></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://percent.com/?utm_source=execsum&utm_medium=newsletter&utm_campaign=jul2024&utm_content=jul25" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:100%;border-radius:10px;" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdXn-F9SEfxD2LR6f9ORw1rh4uvHrNUtG7rfZKUAlF0dgoEA9eJNofsNThHTzN7bJNG4JS4i-1hlQfs3MyiHRQRhehoP4imeixRJFZWYnSzvRZro2I5uhDB6oW0-uGHHM3vnBXP_c2oE2KjBH97G4RQHjoe?key=BtI-2nxHTwjoInAI4Zi_DQ"></a></div><div id="private-credit-with-apy-potential-u" style="padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;"><h2 style="color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;"><span style="color:#222222;"><span style="text-decoration:underline;"><b>Private Credit with APY Potential up to 20%</b></span></span></h2></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Are you looking to diversify beyond stocks and bonds? Thousands of accredited investors are tapping into the yield potential of <a class="link" href="https://percent.com/?utm_source=execsum&utm_medium=newsletter&utm_campaign=jul2024&utm_content=jul25" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">private credit investments</a>.  </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> Private credit is a broad category of direct lending that includes corporate loans, asset-based loans and other privately negotiated deals with corporate borrowers.<span style="font-size:0.6rem;"><sup>1</sup></span>  </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b><a class="link" href="https://percent.com/?utm_source=execsum&utm_medium=newsletter&utm_campaign=jul2024&utm_content=jul25" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Percent</a></b><span style=""><b> has powered over $1bn in deals through their </b></span><a class="link" href="https://percent.com/?utm_source=execsum&utm_medium=newsletter&utm_campaign=jul2024&utm_content=jul25" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;"><b>private credit marketplace</b></a><span style=""><b>.</b></span> On their platform, you can find:  </p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>High APY potential:</b></span> <a class="link" href="https://percent.com/our-track-record-of-performance/?utm_source=execsum&utm_medium=newsletter&utm_campaign=jul2024&utm_content=jul25" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">average net APY of 14.08% in Q2 2024</a></p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Flexible and shorter</b></span> durations with most deals maturing in 6-36 months </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Recurring cashflow </b></span>through interest payments, available in most deals </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Diversification</b></span> in lending types<span style=""><b> </b></span>across small business loans, merchant cash advances, trade finance, consumer loans and more  </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><a class="link" href="https://percent.com/?utm_source=execsum&utm_medium=newsletter&utm_campaign=jul2024&utm_content=jul25" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">First time investors can get up to $500 with their first investment. Sign up to learn more.</a></p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><span style="font-size:0.6rem;"><sup>1</sup></span><span style="font-size:0.6rem;">Alternative investments are speculative and possess a high level of risk. No assurance can be given that investors will receive a return of their capital. Investors who cannot afford to lose their entire investment should not invest. Investments in private placements are highly illiquid and investors who cannot hold an investment for an indefinite term should not invest. Private credit investments may be complex and are subject to default risk.</span></p></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="deal-flow" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Deal Flow</b></h1></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>M&A / Investments</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Grains merchant <span style=""><b>Bunge Global</b></span>'s<span style=""> </span>$8.2B acquisition of <b>Glencore</b>-backed <span style=""><b>Viterra</b></span><span style=""> </span>is set to gain EU approval (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/bunge-s-8-2-billion-viterra-deal-set-for-conditional-eu-nod?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>T-Mobile </b></span>agreed to invest $4.9B in a JV with <span style=""><b>KKR</b></span> to buy fiber-optic internet company <span style=""><b>Metronet</b></span><span style=""> </span>(<a class="link" href="https://www.wsj.com/business/telecom/t-mobile-and-kkr-launch-jv-to-acquire-metronet-ecb3f96b?tpl=pe&mod=hp_lead_pos2" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>CD&R</b></span> and <span style=""><b>Permira </b></span>made a $2.4B takeover offer for French cybersecurity firm <span style=""><b>Exclusive Networks </b></span>(<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/cd-r-permira-bid-for-exclusive-networks-at-2-2-billion-value?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> UK events group <span style=""><b>Informa</b></span> agreed to take private rival <span style=""><b>Ascential</b></span> for ~$1.5B cash (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/informa-to-buy-cannes-lions-owner-ascential-for-1-2-billion?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Castlelake</b></span> is mulling a $1B sale for consumer-lending platform <span style=""><b>Concora Credit </b></span>(<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/castlelake-said-to-explore-1-billion-sale-of-concora-credit?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Manufacturer <span style=""><b>Silgan</b></span> agreed to buy <span style=""><b>3i</b></span>-backed German packaging group <span style=""><b>Weener Plastics </b></span>at<span style=""><b> </b></span>a $908M EV (<a class="link" href="https://www.wsj.com/articles/silgan-holdings-to-buy-3i-backed-weener-plastics-in-908-million-deal-c41a7ec6?tpl=pe&mod=hp_lead_pos4" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>IAG</b></span>'s planned $434M takeover of <span style=""><b>Air Europa</b></span> may fall through (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/iag-s-air-europa-deal-on-verge-of-collapse-after-eu-pushback?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>UniCredit</b></span> agreed to buy Polish banking services provider <span style=""><b>Vodeno</b></span> and Belgian digital bank<span style=""><b> Aion Bank </b></span>for ~$402M (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/unicredit-to-buy-vodeno-aion-for-370-million-in-digital-push?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> UK consumer goods company <span style=""><b>Reckitt Benckiser </b></span>plans to sell some homecare brands and review options for its infant formula business (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/reckitt-to-sell-some-homecare-brands-review-infant-formula-unit?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> PE firm <span style=""><b>21 Invest</b></span><span style=""> </span>is considering a sale of Italian eye-care firm <span style=""><b>Sifi</b></span><span style=""> </span>(<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/benetton-scion-is-said-to-consider-sale-of-eye-care-firm-sifi?srnd=phx-deals" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>VC</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Satellite communications startup <span style=""><b>Astranis</b></span> raised a $200M Series D led by <span style=""><b>a16z</b></span> (<a class="link" href="https://techcrunch.com/2024/07/24/astranis-is-set-to-build-omega-constellation-after-200m-series-d/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Vanta</b></span>, a platform to automate security and compliance, raised a $150M Series C at a $2.45B valuation led by <span style=""><b>Sequoia</b></span> (<a class="link" href="https://techcrunch.com/2024/07/24/trust-management-platform-vanta-raises-150m-series-c-now-valued-at-2-45b/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>H55</b></span>, a Swiss startup specializing in electric aviation tech, raised a $71M Series C from <span style=""><b>Quebec</b></span> (<a class="link" href="https://www.finsmes.com/2024/07/h55-closes-ch65m-series-c-funding.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Spanish tour booking platform <span style=""><b>Exoticca</b></span> raised a ~$65M Series D led by <span style=""><b>Quadrille Capital</b></span> (<a class="link" href="https://techcrunch.com/2024/07/23/spanish-startup-exoticca-raises-a-e60m-series-d-for-tour-packages-platform/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Dentist AI startup <span style=""><b>Pearl</b></span> raised a $58M Series B led by <span style=""><b>Left Lane Capital</b></span><b> </b>(<a class="link" href="https://techcrunch.com/2024/07/24/pearl-raises-58m-to-help-dentists-make-better-diagnoses-using-ai/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Dazz</b></span>, an AI-based automated cloud security remediation platform, raised a $50M round led by <span style=""><b>Greylock</b></span><b>, </b><span style=""><b>Cyberstarts</b></span><b>, </b><span style=""><b>Insight Partners</b></span><b>, </b>and<b> </b><span style=""><b>Index Ventures</b></span> (<a class="link" href="https://techcrunch.com/2024/07/24/dazz-snaps-up-50m-for-ai-based-automated-cloud-security-remediation/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Lakera</b></span>, a Swiss platform to protect LLMs from malice, raised a $20M Series A led by <span style=""><b>Atomico</b></span> (<a class="link" href="https://techcrunch.com/2024/07/24/lakera-which-protects-enterprises-from-llm-vulnerabilities-raises-20m/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Star Catcher</b></span>, a space-based energy grid, raised a $12.25M seed round led by <span style=""><b>Initialized Capital</b></span><b> </b>and<b> </b><span style=""><b>B Capital</b></span><b> </b>(<a class="link" href="https://www.finsmes.com/2024/07/star-catcher-closes-12-25m-seed-funding.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Splight</b></span>, an AI startup tackling energy curtailment, raised a $12M seed round led by <span style=""><b>Noa</b></span> (<a class="link" href="https://www.prnewswire.com/news-releases/splight-inc-secures-12m-in-seed-funding-to-tackle-the-energy-industrys-biggest-problem-energy-curtailment-302204685.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">PRN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Uplimit</b></span>, an AI-powered enterprise learning startup, raised an $11M Series A led by <span style=""><b>Salesforce Ventures</b></span> (<a class="link" href="https://www.finsmes.com/2024/07/uplimit-closes-11m-series-a-funding.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Parenting tech platform <span style=""><b>Joy</b></span> raised a $10M seed round led by <span style=""><b>Forerunner</b></span> (<a class="link" href="https://www.prnewswire.com/news-releases/joy-secures-10-million-series-seed-to-transform-how-parents-seek-guidance-and-support-302205368.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">PRN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Evo Security</b></span>, a Identity and Access Management solutions for MSPs, raised a $6M Series A led by <span style=""><b>TechOperators</b></span> (<a class="link" href="https://www.prnewswire.com/news-releases/evo-security-announces-series-a-capital-raise-led-by-techoperators-302205488.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">PRN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Vijil</b></span>, a startup building AI agents for enterprises, raised a $6M seed round led by <span style=""><b>AIStart seed fund</b></span><b> </b>and<b> </b><span style=""><b>Gradient Ventures</b></span> (<a class="link" href="https://www.finsmes.com/2024/07/vijil-raises-6m-in-seed-funding.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Open-source LLM testing company <span style=""><b>Promptfoo</b></span> raised a $5M seed round led by <span style=""><b>a16z</b></span> (<a class="link" href="https://www.finsmes.com/2024/07/promptfoo-raises-5m-in-seed-funding.html" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FN</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Colin Kaepernick's AI storytelling startup <span style=""><b>Lumi</b></span> raised a $4M seed round led <span style=""><b>776</b></span> (<a class="link" href="https://techcrunch.com/2024/07/24/colin-kaepernick-launches-ai-startup-help-creators-storytelling/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">TC</a>) </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>IPO / Direct Listings / Issuances / Block Trades</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Logistics giant <span style=""><b>Lineage</b></span> raised $4.4B at an ~$18B valuation in the biggest IPO YTD (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/lineage-is-said-to-price-us-ipo-shares-at-78-each?srnd=phx-markets&embedded-checkout=true" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style="">KKR</span>-backed finance SaaS firm <span style=""><b>OneStream</b></span> jumped 34% in its trading debut after its $490M IPO (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/kkr-backed-onestream-shares-climb-29-after-490-million-ipo" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Brazilian utility <span style=""><b>Equatorial Energia</b></span> is considering a $450M share sale to help finance its 15% stake purchase of water utility <span style=""><b>Sabesp </b></span>(<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-23/equatorial-said-to-mull-450-million-share-sale-within-months" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>SPAC</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Bitcoin financial services company <span style=""><b>Fold</b></span><span style=""> </span>will merge with <span style=""><b>FTAC Emerald Acquisition Corp.</b></span><span style=""> </span>in a $365M deal (<a class="link" href="https://www.businesswire.com/news/home/20240724261013/en/Fold-to-Go-Public-as-the-First-Pureplay-Financial-Services-Company-Powered-by-Bitcoin" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BW</a>)  </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Debt</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> PE-backed Plan B-maker <span style=""><b>Foundation Consumer Healthcare</b></span> is seeking $1.5B in private credit to refinance debt (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/plan-b-pill-producer-in-talks-with-lenders-on-refi-dividend" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Distressed Chinese builders <span style=""><b>Logan </b></span>and <span style=""><b>KWG Group </b></span>are nearing a $1.3B refinancing for a Hong Kong property loan with investors including <span style=""><b>PIMCO</b></span>, <span style=""><b>Deutsche Bank</b></span>, and Singapore PE firm <span style=""><b>RRJ </b></span>(<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/pimco-rrj-near-deal-for-refinancing-1-billion-hk-property-loan" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Telecom group <span style=""><b>Altice </b></span>took a $1.3B margin loan against its 24.5% stake in <span style=""><b>BT </b></span>(<a class="link" href="https://www.ft.com/content/51ae5290-e8aa-4875-b68e-a1bc36c41beb" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">FT</a>) </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Bankruptcy / Restructuring</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Telecom software<span style=""><b> </b></span>firm <span style=""><b>Mobileum</b></span> filed for Chapter 11 bankruptcy with a restructuring plan to eliminate most of its $628M debt (<a class="link" href="https://www.wsj.com/articles/mobileum-software-business-involved-in-private-equity-dispute-files-bankruptcy-c855e97a?tpl=pe&mod=hp_lead_pos4" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> Furniture retailer <span style=""><b>Conn's </b></span>filed for Chapter 11 bankruptcy with plans to liquidate (<a class="link" href="https://www.bloomberg.com/news/articles/2024-07-24/retailer-conn-s-files-for-bankruptcy-following-sales-declines" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">BBG</a>)  </p></li></ul></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>Fundraising</b></p></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Agellus Capital </b></span>raised $400M for its debut PE fund to invest in essential services (<a class="link" href="https://www.wsj.com/articles/agellus-capital-closes-debut-fund-at-400-million-83db5f99?tpl=pe&mod=hp_major_fund_news_pos1" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">WSJ</a>)  </p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="crypto-corner" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Crypto Corner</b></h1></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Ferrari</b></span><span style=""> </span>will accept crypto payments in Europe following US success (<a class="link" href="https://www.reuters.com/technology/ferrari-extends-cryptocurrency-payment-system-europe-after-us-launch-2024-07-24/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">RT</a>) </p></li><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"><span style=""><b>Coinbase </b></span>is creating a tokenized money-market fund (<a class="link" href="https://www.coindesk.com/business/2024/07/24/coinbase-asset-management-plans-tokenized-money-market-fund-a-hot-area-after-blackrocks-buidl-success-sources/?_gl=1*7bg5wt*_up*MQ..*_ga*NDA1MjYzODA4LjE3MjE4NTIyNDM.*_ga_VM3STRYVN8*MTcyMTg1MjI0Mi4xLjAuMTcyMTg1MjI0Mi4wLjAuMTE5MDA4NjY5OQ.." target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">CD</a>)  </p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="execs-picks" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Exec鈥檚 Picks</b></h1></div><div style="padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;"><ul style="color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;"><li style="margin:5px 0px 0px 0px;"><p style="text-align:left;"> The ARK Venture Fund is taking an asset class once reserved for the accredited, ultra-rich and making it available to all US investors. Gain exposure to a <span style="color:inherit;"><a class="link" href="https://www.ark-funds.com/portfolio/?utm_source=litquidity&utm_medium=newsletter&utm_campaign=venture_fund_ongoing&utm_content=portfolio" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">portfolio</a></span> comprising names like <b>SpaceX, OpenAI, </b>and<b> Anthropic</b> with as little as $500. <span style="color:inherit;"><a class="link" href="https://www.ark-funds.com/funds/arkvx/?utm_source=litquidity&utm_medium=newsletter&utm_campaign=venture_fund_ongoing&utm_content=invest_today" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Learn more and invest today</a></span>. </p></li></ul></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="financial-services-recruiting" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Financial Services Recruiting </b>馃捈</h1></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://www.litneypartners.com/" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 auto;width:100%;border-radius:15px 15px 15px 15px;border-style:solid;border-width:2px 2px 2px 2px;box-sizing:border-box;border-color:#001585;" src="https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4cf2f9ea-4e4c-4b4a-a9e4-c11a1476c89a/litney_partners.png?t=1718914436"></a></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> If you're currently a junior banker looking to break into the buy side, lateral to another investment bank, or consider new paths amid changing market dynamics, it's time you check out <b>Litney Partners</b>, a partnership between Litquidity and Whitney Partners (the oldest purely financial services executive search and consulting firm). </p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"><b>We aim to place strong candidates across private equity, hedge funds, venture capital, growth equity, debt funds, and investment banking. </b></p></div><style> p span[style*="font-size"] { line-height: 1.6; } </style><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><p style="color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;"> To get started, simply head over to <a class="link" href="https://www.litneypartners.com/" target="_blank" style="-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;">Litney Partners</a> and create your profile by dropping your resume / filling out the form: </p></div><div style="padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;"><a target="_blank" rel="noopener nofollow noreferrer" href="https://www.litneypartners.com/"><button style="background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;" type="button"> GET HIRED </button></a></div><div style="padding: 18px 0;"><div style="margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;"></div></div><div id="meme-cleanser" style="padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;"><h1 style="color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;"><b>Meme Cleanser</b></h1></div><div style="padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;"><a href="https://x.com/HighyieldHarry/status/1816150292695851389" rel="nofollow noopener noreferrer" style="text-decoration: none;" target="_blank"><img alt="" style="margin:0 auto 0 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\u003c/h1\u003e\u003ch2 style='font-size: 20px; font-family:\u0026#39;Helvetica\u0026#39;,Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; color: #8A8A8A; font-weight: 400;'\u003eChina is ensuring AI models are socialist, Colin Kaepernick launched an AI startup, Chinese quant funds are struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked. \u003c/h2\u003e\u003cdiv class='bh__byline_wrapper'\u003e\u003cdiv\u003e\u003cdiv style='display:flex;'\u003e\u003cdiv style='display:flex; flex-direction:row; justify-content:flex-start;'\u003e\u003cdiv style='display:flex;'\u003e\u003cimg alt='Author' height='40' src='https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg' style='height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:10;box-sizing:content-box;position:relative;border-radius:9999px;' 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139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z' fill='#BAC2CE'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href='https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fyet-another-clappening' target='_blank'\u003e\u003cdiv style='max-width:28px;'\u003e\u003csvg fill='none' height='100%' viewBox='0 0 211 211' width='100%' xmlns='http://www.w3.org/2000/svg'\u003e\u003ccircle cx='105.5' cy='105.5' fill-opacity='0.15' fill='#9CA3AF' r='105.5'\u003e\u003c/circle\u003e\u003cpath d='M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z' fill='#BAC2CE'\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id='content-blocks'\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:center;\"\u003e\u003cb\u003eTogether with\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://percent.com/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:25%;border-radius:5px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d589b873-dc75-4305-b5cc-bd79b60d23c5/image.png?t=1721869566\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eGood Morning,\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e China is ensuring AI models are socialist, Colin Kaepernick launched an AI startup, Chinese quant funds are struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Sky-high rates and stock market volatility calls for a portfolio rebalance. Gain exposure to private credit with \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePercent\u003c/a\u003e, a highly democratized private credit market for \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eexclusive private credit deals\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Let\u0026#39;s dive in. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"before-the-bell\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eBefore The Bell\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/42fbde9d-30e4-4d5c-8856-a898aa4e45d8/image.png?t=1721866156\"/\u003e\u003cdiv style=\"margin:0 auto 0 auto;padding-left:4px;padding-right:4px;padding-top:4px;text-align:left;width:100%;\"\u003e\u003csmall style=\"color:#C0C0C0;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:12px;font-style:italic;text-decoration-color:#C0C0C0;text-decoration:none;\"\u003e\u003cp\u003eAs of 07/24/2024 market close.\u003c/p\u003e\u003c/small\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eMarkets\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US stocks got hammered as investors reacted to disappointing earnings from Big Tech names \u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e S\u0026P snapped its longest streak without a 2% decline since 2007 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e S\u0026P had its worst day since December 2022 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Nasdaq had its worst day since October 2022 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Volatility Index (VIX) hit a three-month high \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China 2Y-10Y premium widened to the most since 2020聽as steepener bets grow \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eEarnings\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eIBM \u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003ebeat Q2 EPS and revenue estimates on growth in business tied to AI (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/ibm-q2-earnings-report-2024.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)聽\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eFord\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e tumbled ~12% after widely missing Q2 EPS estimates due to continued warranty costs issues (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/ford-motor-f-earnings-q2-2024.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)聽\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eAT\u0026T\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e jumped ~5% after beating Q2 estimates for wireless subscriber additions on strong demand for higher-priced plans (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/att-t-q2-earnings.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)聽\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eChipotle\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e beat Q2 EPS and revenue estimates on an 8.7% increase in foot traffic, defying an industry slowdown (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/chipotle-mexican-grill-cmg-q2-2024-earnings.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)聽\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eWhat we\u0026#39;re watching this week:聽聽\u003c/span\u003e\u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eToday: \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eAmerican Airlines\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eFull calendar \u003c/span\u003e\u003ca class=\"link\" href=\"https://www.nasdaq.com/market-activity/earnings\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"headline-roundup\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eHeadline Roundup\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Leveraged tech bets lost 37% after drawing $2B of inflows (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/leveraged-tech-bets-get-crushed-after-drawing-in-2-billion?srnd=phx-markets\u0026embedded-checkout=true\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e BoC cut rates by 25 bps for the second-straight month (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/rates-bonds/view-bank-canada-cuts-rates-again-2024-07-24/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Eurozone banks see IB boost but outlook concerns grow (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/euro-zone-banks-see-investment-banking-boost-outlook-stalls-shares-2024-07-24/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Fortune 500 firms may see $5.4B in losses tied to CrowdStrike (\u003ca class=\"link\" href=\"https://www.reuters.com/technology/fortune-500-firms-see-54-bln-crowdstrike-losses-says-insurer-parametrix-2024-07-24/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e CrowdStrike offered $10 gift cards to clients as an apology (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/crowdstrike-offers-a-10-apology-gift-card-to-say-sorry-for-outage/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Secondaries deal flow rose 58% YoY in H1 (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/private-secondary-market-rises-58-as-deal-buildup-finally-breaks-65c33c7a?tpl=pe\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Firms are divesting bigger assets as dealmaking recovers (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/companies-shed-bigger-assets-to-slash-debt-get-lean-2df35eef?mod=business_lead_pos5\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Investors are warming to UK equities (\u003ca class=\"link\" href=\"https://www.ft.com/content/e5079b7c-01b6-453d-8cf6-4d19cc9156b2\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e India is closing in on China as largest emerging market (\u003ca class=\"link\" href=\"https://www.ft.com/content/3f34e4f7-b9a5-4508-80ed-bfda414f9324\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China is testing AI models to make sure they\u0026#39;re socialist (\u003ca class=\"link\" href=\"https://www.ft.com/content/10975044-f194-4513-857b-e17491d2a9e9\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China quant funds suffer deep losses in H1 amid crackdown (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/chinas-quant-funds-suffer-deep-losses-amid-crackdown-2024-07-24/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China says Taiwanese workers have nothing to fear if law-abiding (\u003ca class=\"link\" href=\"https://www.reuters.com/world/china/dont-break-law-you-have-nothing-fear-china-tells-taiwan-staff-multinational-2024-07-24/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Lackluster LVMH earnings flash warnings for global luxury market (\u003ca class=\"link\" href=\"https://www.ft.com/content/bdadd230-8672-4d88-990a-fd573a100570\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e NBA signed a $77B streaming deal with ESPN, NBC, and Amazon (\u003ca class=\"link\" href=\"https://www.reuters.com/business/media-telecom/nba-signs-broadcasting-deal-with-disney-amazon-comcast-2024-07-24/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Blackstone\u0026#39;s mortgage REIT fell 10% on mounting CRE woes (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/blackstones-battered-mortgage-fund-slumps-empty-offices-intensify-pressure-2024-07-24/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Luxury home sales continue to surge in otherwise slow market (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/real-estate-market-is-broken-for-everyone-except-the-ultra-rich\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e The hottest job market in a generation is over (\u003ca class=\"link\" href=\"https://www.wsj.com/economy/jobs/the-hottest-job-market-in-a-generation-is-over-92f61452\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bernard Arnault lost more wealth than any billionaire in 2024 (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/lvmh-s-arnault-has-lost-more-wealth-than-any-billionaire-in-2024?srnd=homepage-americas\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"a-message-from-percent\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cb\u003eA Message From Percent\u003c/b\u003e\u003c/h2\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://percent.com/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://lh7-us.googleusercontent.com/docsz/AD_4nXdXn-F9SEfxD2LR6f9ORw1rh4uvHrNUtG7rfZKUAlF0dgoEA9eJNofsNThHTzN7bJNG4JS4i-1hlQfs3MyiHRQRhehoP4imeixRJFZWYnSzvRZro2I5uhDB6oW0-uGHHM3vnBXP_c2oE2KjBH97G4RQHjoe?key=BtI-2nxHTwjoInAI4Zi_DQ\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv id=\"private-credit-with-apy-potential-u\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cspan style=\"color:#222222;\"\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003ePrivate Credit with APY Potential up to 20%\u003c/b\u003e\u003c/span\u003e\u003c/span\u003e\u003c/h2\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Are you looking to diversify beyond stocks and bonds? Thousands of accredited investors are tapping into the yield potential of \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eprivate credit investments\u003c/a\u003e.聽 \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Private credit is a broad category of direct lending that includes corporate loans, asset-based loans and other privately negotiated deals with corporate borrowers.\u003cspan style=\"font-size:0.6rem;\"\u003e\u003csup\u003e1\u003c/sup\u003e\u003c/span\u003e聽 \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePercent\u003c/a\u003e\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003e has powered over $1bn in deals through their \u003c/b\u003e\u003c/span\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003e\u003cb\u003eprivate credit marketplace\u003c/b\u003e\u003c/a\u003e\u003cspan style=\"\"\u003e\u003cb\u003e.\u003c/b\u003e\u003c/span\u003e On their platform, you can find:聽 \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eHigh APY potential:\u003c/b\u003e\u003c/span\u003e聽\u003ca class=\"link\" href=\"https://percent.com/our-track-record-of-performance/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eaverage net APY of 14.08% in Q2 2024\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eFlexible and shorter\u003c/b\u003e\u003c/span\u003e durations with most deals maturing in 6-36 months \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eRecurring cashflow \u003c/b\u003e\u003c/span\u003ethrough interest payments, available in most deals \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eDiversification\u003c/b\u003e\u003c/span\u003e in lending types\u003cspan style=\"\"\u003e\u003cb\u003e聽\u003c/b\u003e\u003c/span\u003eacross small business loans, merchant cash advances, trade finance, consumer loans and more聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026utm_medium=newsletter\u0026utm_campaign=jul2024\u0026utm_content=jul25\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFirst time investors can get up to $500 with their first investment. Sign up to learn more.\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cspan style=\"font-size:0.6rem;\"\u003e\u003csup\u003e1\u003c/sup\u003e\u003c/span\u003e\u003cspan style=\"font-size:0.6rem;\"\u003eAlternative investments are speculative and possess a high level of risk. No assurance can be given that investors will receive a return of their capital. Investors who cannot afford to lose their entire investment should not invest. Investments in private placements are highly illiquid and investors who cannot hold an investment for an indefinite term should not invest. Private credit investments may be complex and are subject to default risk.\u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"deal-flow\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eDeal Flow\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eM\u0026A / Investments\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Grains merchant \u003cspan style=\"\"\u003e\u003cb\u003eBunge Global\u003c/b\u003e\u003c/span\u003e\u0026#39;s\u003cspan style=\"\"\u003e聽\u003c/span\u003e$8.2B acquisition of \u003cb\u003eGlencore\u003c/b\u003e-backed \u003cspan style=\"\"\u003e\u003cb\u003eViterra\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e聽\u003c/span\u003eis set to gain EU approval (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/bunge-s-8-2-billion-viterra-deal-set-for-conditional-eu-nod?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eT-Mobile \u003c/b\u003e\u003c/span\u003eagreed to invest $4.9B in a JV with \u003cspan style=\"\"\u003e\u003cb\u003eKKR\u003c/b\u003e\u003c/span\u003e to buy fiber-optic internet company \u003cspan style=\"\"\u003e\u003cb\u003eMetronet\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e聽\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.wsj.com/business/telecom/t-mobile-and-kkr-launch-jv-to-acquire-metronet-ecb3f96b?tpl=pe\u0026mod=hp_lead_pos2\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCD\u0026R\u003c/b\u003e\u003c/span\u003e and \u003cspan style=\"\"\u003e\u003cb\u003ePermira \u003c/b\u003e\u003c/span\u003emade a $2.4B takeover offer for French cybersecurity firm \u003cspan style=\"\"\u003e\u003cb\u003eExclusive Networks \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/cd-r-permira-bid-for-exclusive-networks-at-2-2-billion-value?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK events group \u003cspan style=\"\"\u003e\u003cb\u003eInforma\u003c/b\u003e\u003c/span\u003e agreed to take private rival \u003cspan style=\"\"\u003e\u003cb\u003eAscential\u003c/b\u003e\u003c/span\u003e for ~$1.5B cash (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/informa-to-buy-cannes-lions-owner-ascential-for-1-2-billion?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCastlelake\u003c/b\u003e\u003c/span\u003e is mulling a $1B sale for consumer-lending platform \u003cspan style=\"\"\u003e\u003cb\u003eConcora Credit \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/castlelake-said-to-explore-1-billion-sale-of-concora-credit?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Manufacturer \u003cspan style=\"\"\u003e\u003cb\u003eSilgan\u003c/b\u003e\u003c/span\u003e agreed to buy \u003cspan style=\"\"\u003e\u003cb\u003e3i\u003c/b\u003e\u003c/span\u003e-backed German packaging group \u003cspan style=\"\"\u003e\u003cb\u003eWeener Plastics \u003c/b\u003e\u003c/span\u003eat\u003cspan style=\"\"\u003e\u003cb\u003e聽\u003c/b\u003e\u003c/span\u003ea $908M EV (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/silgan-holdings-to-buy-3i-backed-weener-plastics-in-908-million-deal-c41a7ec6?tpl=pe\u0026mod=hp_lead_pos4\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eIAG\u003c/b\u003e\u003c/span\u003e\u0026#39;s planned $434M takeover of \u003cspan style=\"\"\u003e\u003cb\u003eAir Europa\u003c/b\u003e\u003c/span\u003e may fall through (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/iag-s-air-europa-deal-on-verge-of-collapse-after-eu-pushback?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eUniCredit\u003c/b\u003e\u003c/span\u003e agreed to buy Polish banking services provider \u003cspan style=\"\"\u003e\u003cb\u003eVodeno\u003c/b\u003e\u003c/span\u003e and Belgian digital bank\u003cspan style=\"\"\u003e\u003cb\u003e Aion Bank \u003c/b\u003e\u003c/span\u003efor ~$402M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/unicredit-to-buy-vodeno-aion-for-370-million-in-digital-push?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK consumer goods company \u003cspan style=\"\"\u003e\u003cb\u003eReckitt Benckiser \u003c/b\u003e\u003c/span\u003eplans to sell some homecare brands and review options for its infant formula business (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/reckitt-to-sell-some-homecare-brands-review-infant-formula-unit?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PE firm \u003cspan style=\"\"\u003e\u003cb\u003e21 Invest\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e聽\u003c/span\u003eis considering a sale of Italian eye-care firm \u003cspan style=\"\"\u003e\u003cb\u003eSifi\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e聽\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/benetton-scion-is-said-to-consider-sale-of-eye-care-firm-sifi?srnd=phx-deals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eVC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Satellite communications startup \u003cspan style=\"\"\u003e\u003cb\u003eAstranis\u003c/b\u003e\u003c/span\u003e raised a $200M Series D led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/astranis-is-set-to-build-omega-constellation-after-200m-series-d/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eVanta\u003c/b\u003e\u003c/span\u003e, a platform to automate security and compliance, raised a $150M Series C at a $2.45B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003eSequoia\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/trust-management-platform-vanta-raises-150m-series-c-now-valued-at-2-45b/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eH55\u003c/b\u003e\u003c/span\u003e, a Swiss startup specializing in electric aviation tech, raised a $71M Series C from \u003cspan style=\"\"\u003e\u003cb\u003eQuebec\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/h55-closes-ch65m-series-c-funding.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Spanish tour booking platform \u003cspan style=\"\"\u003e\u003cb\u003eExoticca\u003c/b\u003e\u003c/span\u003e raised a ~$65M Series D led by \u003cspan style=\"\"\u003e\u003cb\u003eQuadrille Capital\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/23/spanish-startup-exoticca-raises-a-e60m-series-d-for-tour-packages-platform/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Dentist AI startup \u003cspan style=\"\"\u003e\u003cb\u003ePearl\u003c/b\u003e\u003c/span\u003e raised a $58M Series B led by \u003cspan style=\"\"\u003e\u003cb\u003eLeft Lane Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e聽\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/pearl-raises-58m-to-help-dentists-make-better-diagnoses-using-ai/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eDazz\u003c/b\u003e\u003c/span\u003e, an AI-based automated cloud security remediation platform, raised a $50M round led by \u003cspan style=\"\"\u003e\u003cb\u003eGreylock\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCyberstarts\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eInsight Partners\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003eand\u003cb\u003e聽\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eIndex Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/dazz-snaps-up-50m-for-ai-based-automated-cloud-security-remediation/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eLakera\u003c/b\u003e\u003c/span\u003e, a Swiss platform to protect LLMs from malice, raised a $20M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eAtomico\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/lakera-which-protects-enterprises-from-llm-vulnerabilities-raises-20m/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eStar Catcher\u003c/b\u003e\u003c/span\u003e, a space-based energy grid, raised a $12.25M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eInitialized Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e聽\u003c/b\u003eand\u003cb\u003e聽\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eB Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e聽\u003c/b\u003e(\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/star-catcher-closes-12-25m-seed-funding.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eSplight\u003c/b\u003e\u003c/span\u003e, an AI startup tackling energy curtailment, raised a $12M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eNoa\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/splight-inc-secures-12m-in-seed-funding-to-tackle-the-energy-industrys-biggest-problem-energy-curtailment-302204685.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eUplimit\u003c/b\u003e\u003c/span\u003e, an AI-powered enterprise learning startup, raised an $11M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eSalesforce Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/uplimit-closes-11m-series-a-funding.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Parenting tech platform \u003cspan style=\"\"\u003e\u003cb\u003eJoy\u003c/b\u003e\u003c/span\u003e raised a $10M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eForerunner\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/joy-secures-10-million-series-seed-to-transform-how-parents-seek-guidance-and-support-302205368.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eEvo Security\u003c/b\u003e\u003c/span\u003e, a Identity and Access Management solutions for MSPs, raised a $6M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eTechOperators\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/evo-security-announces-series-a-capital-raise-led-by-techoperators-302205488.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eVijil\u003c/b\u003e\u003c/span\u003e, a startup building AI agents for enterprises, raised a $6M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eAIStart seed fund\u003c/b\u003e\u003c/span\u003e\u003cb\u003e聽\u003c/b\u003eand\u003cb\u003e聽\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGradient Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/vijil-raises-6m-in-seed-funding.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Open-source LLM testing company \u003cspan style=\"\"\u003e\u003cb\u003ePromptfoo\u003c/b\u003e\u003c/span\u003e raised a $5M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/promptfoo-raises-5m-in-seed-funding.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Colin Kaepernick\u0026#39;s AI storytelling startup \u003cspan style=\"\"\u003e\u003cb\u003eLumi\u003c/b\u003e\u003c/span\u003e raised a $4M seed round led \u003cspan style=\"\"\u003e\u003cb\u003e776\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/colin-kaepernick-launches-ai-startup-help-creators-storytelling/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eIPO / Direct Listings / Issuances / Block Trades\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Logistics giant \u003cspan style=\"\"\u003e\u003cb\u003eLineage\u003c/b\u003e\u003c/span\u003e raised $4.4B at an ~$18B valuation in the biggest IPO YTD (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/lineage-is-said-to-price-us-ipo-shares-at-78-each?srnd=phx-markets\u0026embedded-checkout=true\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003eKKR\u003c/span\u003e-backed finance SaaS firm \u003cspan style=\"\"\u003e\u003cb\u003eOneStream\u003c/b\u003e\u003c/span\u003e jumped 34% in its trading debut after its $490M IPO (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/kkr-backed-onestream-shares-climb-29-after-490-million-ipo\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Brazilian utility \u003cspan style=\"\"\u003e\u003cb\u003eEquatorial Energia\u003c/b\u003e\u003c/span\u003e is considering a $450M share sale to help finance its 15% stake purchase of water utility \u003cspan style=\"\"\u003e\u003cb\u003eSabesp \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-23/equatorial-said-to-mull-450-million-share-sale-within-months\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eSPAC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bitcoin financial services company \u003cspan style=\"\"\u003e\u003cb\u003eFold\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e聽\u003c/span\u003ewill merge with \u003cspan style=\"\"\u003e\u003cb\u003eFTAC Emerald Acquisition Corp.\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e聽\u003c/span\u003ein a $365M deal (\u003ca class=\"link\" href=\"https://www.businesswire.com/news/home/20240724261013/en/Fold-to-Go-Public-as-the-First-Pureplay-Financial-Services-Company-Powered-by-Bitcoin\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eDebt\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PE-backed Plan B-maker \u003cspan style=\"\"\u003e\u003cb\u003eFoundation Consumer Healthcare\u003c/b\u003e\u003c/span\u003e is seeking $1.5B in private credit to refinance debt (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/plan-b-pill-producer-in-talks-with-lenders-on-refi-dividend\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Distressed Chinese builders \u003cspan style=\"\"\u003e\u003cb\u003eLogan \u003c/b\u003e\u003c/span\u003eand \u003cspan style=\"\"\u003e\u003cb\u003eKWG Group \u003c/b\u003e\u003c/span\u003eare nearing a $1.3B refinancing for a Hong Kong property loan with investors including \u003cspan style=\"\"\u003e\u003cb\u003ePIMCO\u003c/b\u003e\u003c/span\u003e, \u003cspan style=\"\"\u003e\u003cb\u003eDeutsche Bank\u003c/b\u003e\u003c/span\u003e, and Singapore PE firm \u003cspan style=\"\"\u003e\u003cb\u003eRRJ \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/pimco-rrj-near-deal-for-refinancing-1-billion-hk-property-loan\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom group \u003cspan style=\"\"\u003e\u003cb\u003eAltice \u003c/b\u003e\u003c/span\u003etook a $1.3B margin loan against its 24.5% stake in \u003cspan style=\"\"\u003e\u003cb\u003eBT \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.ft.com/content/51ae5290-e8aa-4875-b68e-a1bc36c41beb\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eBankruptcy / Restructuring\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom software\u003cspan style=\"\"\u003e\u003cb\u003e聽\u003c/b\u003e\u003c/span\u003efirm \u003cspan style=\"\"\u003e\u003cb\u003eMobileum\u003c/b\u003e\u003c/span\u003e filed for Chapter 11 bankruptcy with a restructuring plan to eliminate most of its $628M debt (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/mobileum-software-business-involved-in-private-equity-dispute-files-bankruptcy-c855e97a?tpl=pe\u0026mod=hp_lead_pos4\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Furniture retailer \u003cspan style=\"\"\u003e\u003cb\u003eConn\u0026#39;s \u003c/b\u003e\u003c/span\u003efiled for Chapter 11 bankruptcy with plans to liquidate (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/retailer-conn-s-files-for-bankruptcy-following-sales-declines\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eFundraising\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAgellus Capital \u003c/b\u003e\u003c/span\u003eraised $400M for its debut PE fund to invest in essential services (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/agellus-capital-closes-debut-fund-at-400-million-83db5f99?tpl=pe\u0026mod=hp_major_fund_news_pos1\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"crypto-corner\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eCrypto Corner\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eFerrari\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e聽\u003c/span\u003ewill accept crypto payments in Europe following US success (\u003ca class=\"link\" href=\"https://www.reuters.com/technology/ferrari-extends-cryptocurrency-payment-system-europe-after-us-launch-2024-07-24/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCoinbase \u003c/b\u003e\u003c/span\u003eis creating a tokenized money-market fund (\u003ca class=\"link\" href=\"https://www.coindesk.com/business/2024/07/24/coinbase-asset-management-plans-tokenized-money-market-fund-a-hot-area-after-blackrocks-buidl-success-sources/?_gl=1*7bg5wt*_up*MQ..*_ga*NDA1MjYzODA4LjE3MjE4NTIyNDM.*_ga_VM3STRYVN8*MTcyMTg1MjI0Mi4xLjAuMTcyMTg1MjI0Mi4wLjAuMTE5MDA4NjY5OQ..\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCD\u003c/a\u003e)聽 \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"execs-picks\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eExec鈥檚 Picks\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e The ARK Venture Fund is taking an asset class once reserved for the accredited, ultra-rich and making it available to all US investors. Gain exposure to a \u003cspan style=\"color:inherit;\"\u003e\u003ca class=\"link\" href=\"https://www.ark-funds.com/portfolio/?utm_source=litquidity\u0026utm_medium=newsletter\u0026utm_campaign=venture_fund_ongoing\u0026utm_content=portfolio\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eportfolio\u003c/a\u003e\u003c/span\u003e comprising names like \u003cb\u003eSpaceX, OpenAI, \u003c/b\u003eand\u003cb\u003e Anthropic\u003c/b\u003e with as little as $500. \u003cspan style=\"color:inherit;\"\u003e\u003ca class=\"link\" href=\"https://www.ark-funds.com/funds/arkvx/?utm_source=litquidity\u0026utm_medium=newsletter\u0026utm_campaign=venture_fund_ongoing\u0026utm_content=invest_today\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLearn more and invest today\u003c/a\u003e\u003c/span\u003e. \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"financial-services-recruiting\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eFinancial Services Recruiting \u003c/b\u003e馃捈\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://www.litneypartners.com/\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:15px 15px 15px 15px;border-style:solid;border-width:2px 2px 2px 2px;box-sizing:border-box;border-color:#001585;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4cf2f9ea-4e4c-4b4a-a9e4-c11a1476c89a/litney_partners.png?t=1718914436\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e If you\u0026#39;re currently a junior banker looking to break into the buy side, lateral to another investment bank, or consider new paths amid changing market dynamics, it\u0026#39;s time you check out \u003cb\u003eLitney Partners\u003c/b\u003e, a partnership between Litquidity and Whitney Partners (the oldest purely financial services executive search and consulting firm). \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWe aim to place strong candidates across private equity, hedge funds, venture capital, growth equity, debt funds, and investment banking. \u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e To get started, simply head over to \u003ca class=\"link\" href=\"https://www.litneypartners.com/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLitney Partners\u003c/a\u003e and create your profile by dropping your resume / filling out the form: \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://www.litneypartners.com/\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e GET HIRED \u003c/button\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; 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border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/AutismCapital/status/1816154453931876754\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/e4f1a818-cd33-409d-893c-ba11d6fe1f1d/image.png?t=1721869480\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://x.com/MebFaber/status/1813514051709792376\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:80%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/45911fd4-3df8-4229-9605-1e5337a78732/image.png?t=1721869533\"/\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; 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style=\"font-size: 20px; font-family:'Helvetica',Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; color: #8A8A8A; font-weight: 400;\"\u003eChina is ensuring AI models are socialist, Colin Kaepernick launched an AI startup, Chinese quant funds are struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked. \u003c/h2\u003e\u003cdiv class=\"bh__byline_wrapper\"\u003e\u003cdiv\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cdiv style=\"display:flex; flex-direction:row; justify-content:flex-start;\"\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cimg alt=\"Author\" height=\"40\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg\" style=\"height:40px;width:40px;border:4px solid rgba(0,0,0,0);left:-4px;z-index:10;box-sizing:content-box;position:relative;border-radius:9999px;\" 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114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fyet-another-clappening\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"content-blocks\"\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:center;\"\u003e\u003cb\u003eTogether with\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:25%;border-radius:5px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d589b873-dc75-4305-b5cc-bd79b60d23c5/image.png?t=1721869566\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eGood Morning,\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e China is ensuring AI models are socialist, Colin Kaepernick launched an AI startup, Chinese quant funds are struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Sky-high rates and stock market volatility calls for a portfolio rebalance. Gain exposure to private credit with \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePercent\u003c/a\u003e, a highly democratized private credit market for \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eexclusive private credit deals\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Let's dive in. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"before-the-bell\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eBefore The Bell\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/42fbde9d-30e4-4d5c-8856-a898aa4e45d8/image.png?t=1721866156\"\u003e\u003cdiv style=\"margin:0 auto 0 auto;padding-left:4px;padding-right:4px;padding-top:4px;text-align:left;width:100%;\"\u003e\u003csmall style=\"color:#C0C0C0;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:12px;font-style:italic;text-decoration-color:#C0C0C0;text-decoration:none;\"\u003e\u003cp\u003eAs of 07/24/2024 market close.\u003c/p\u003e\u003c/small\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eMarkets\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US stocks got hammered as investors reacted to disappointing earnings from Big Tech names \u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e S\u0026amp;P snapped its longest streak without a 2% decline since 2007 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e S\u0026amp;P had its worst day since December 2022 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Nasdaq had its worst day since October 2022 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Volatility Index (VIX) hit a three-month high \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China 2Y-10Y premium widened to the most since 2020\u0026nbsp;as steepener bets grow \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eEarnings\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eIBM \u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003ebeat Q2 EPS and revenue estimates on growth in business tied to AI (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/ibm-q2-earnings-report-2024.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eFord\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e tumbled ~12% after widely missing Q2 EPS estimates due to continued warranty costs issues (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/ford-motor-f-earnings-q2-2024.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eAT\u0026amp;T\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e jumped ~5% after beating Q2 estimates for wireless subscriber additions on strong demand for higher-priced plans (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/att-t-q2-earnings.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eChipotle\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e beat Q2 EPS and revenue estimates on an 8.7% increase in foot traffic, defying an industry slowdown (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/chipotle-mexican-grill-cmg-q2-2024-earnings.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eWhat we're watching this week:\u0026nbsp;\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eToday: \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eAmerican Airlines\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eFull calendar \u003c/span\u003e\u003ca class=\"link\" href=\"https://www.nasdaq.com/market-activity/earnings\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"headline-roundup\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eHeadline Roundup\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Leveraged tech bets lost 37% after drawing $2B of inflows (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/leveraged-tech-bets-get-crushed-after-drawing-in-2-billion?srnd=phx-markets\u0026amp;embedded-checkout=true\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e BoC cut rates by 25 bps for the second-straight month (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/rates-bonds/view-bank-canada-cuts-rates-again-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Eurozone banks see IB boost but outlook concerns grow (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/euro-zone-banks-see-investment-banking-boost-outlook-stalls-shares-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Fortune 500 firms may see $5.4B in losses tied to CrowdStrike (\u003ca class=\"link\" href=\"https://www.reuters.com/technology/fortune-500-firms-see-54-bln-crowdstrike-losses-says-insurer-parametrix-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e CrowdStrike offered $10 gift cards to clients as an apology (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/crowdstrike-offers-a-10-apology-gift-card-to-say-sorry-for-outage/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Secondaries deal flow rose 58% YoY in H1 (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/private-secondary-market-rises-58-as-deal-buildup-finally-breaks-65c33c7a?tpl=pe\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Firms are divesting bigger assets as dealmaking recovers (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/companies-shed-bigger-assets-to-slash-debt-get-lean-2df35eef?mod=business_lead_pos5\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Investors are warming to UK equities (\u003ca class=\"link\" href=\"https://www.ft.com/content/e5079b7c-01b6-453d-8cf6-4d19cc9156b2\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e India is closing in on China as largest emerging market (\u003ca class=\"link\" href=\"https://www.ft.com/content/3f34e4f7-b9a5-4508-80ed-bfda414f9324\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China is testing AI models to make sure they're socialist (\u003ca class=\"link\" href=\"https://www.ft.com/content/10975044-f194-4513-857b-e17491d2a9e9\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China quant funds suffer deep losses in H1 amid crackdown (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/chinas-quant-funds-suffer-deep-losses-amid-crackdown-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China says Taiwanese workers have nothing to fear if law-abiding (\u003ca class=\"link\" href=\"https://www.reuters.com/world/china/dont-break-law-you-have-nothing-fear-china-tells-taiwan-staff-multinational-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Lackluster LVMH earnings flash warnings for global luxury market (\u003ca class=\"link\" href=\"https://www.ft.com/content/bdadd230-8672-4d88-990a-fd573a100570\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e NBA signed a $77B streaming deal with ESPN, NBC, and Amazon (\u003ca class=\"link\" href=\"https://www.reuters.com/business/media-telecom/nba-signs-broadcasting-deal-with-disney-amazon-comcast-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Blackstone's mortgage REIT fell 10% on mounting CRE woes (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/blackstones-battered-mortgage-fund-slumps-empty-offices-intensify-pressure-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Luxury home sales continue to surge in otherwise slow market (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/real-estate-market-is-broken-for-everyone-except-the-ultra-rich\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e The hottest job market in a generation is over (\u003ca class=\"link\" href=\"https://www.wsj.com/economy/jobs/the-hottest-job-market-in-a-generation-is-over-92f61452\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bernard Arnault lost more wealth than any billionaire in 2024 (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/lvmh-s-arnault-has-lost-more-wealth-than-any-billionaire-in-2024?srnd=homepage-americas\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"a-message-from-percent\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cb\u003eA Message From Percent\u003c/b\u003e\u003c/h2\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://lh7-us.googleusercontent.com/docsz/AD_4nXdXn-F9SEfxD2LR6f9ORw1rh4uvHrNUtG7rfZKUAlF0dgoEA9eJNofsNThHTzN7bJNG4JS4i-1hlQfs3MyiHRQRhehoP4imeixRJFZWYnSzvRZro2I5uhDB6oW0-uGHHM3vnBXP_c2oE2KjBH97G4RQHjoe?key=BtI-2nxHTwjoInAI4Zi_DQ\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv id=\"private-credit-with-apy-potential-u\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cspan style=\"color:#222222;\"\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003ePrivate Credit with APY Potential up to 20%\u003c/b\u003e\u003c/span\u003e\u003c/span\u003e\u003c/h2\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Are you looking to diversify beyond stocks and bonds? Thousands of accredited investors are tapping into the yield potential of \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eprivate credit investments\u003c/a\u003e.\u0026nbsp; \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Private credit is a broad category of direct lending that includes corporate loans, asset-based loans and other privately negotiated deals with corporate borrowers.\u003cspan style=\"font-size:0.6rem;\"\u003e\u003csup\u003e1\u003c/sup\u003e\u003c/span\u003e\u0026nbsp; \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePercent\u003c/a\u003e\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003e has powered over $1bn in deals through their \u003c/b\u003e\u003c/span\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003e\u003cb\u003eprivate credit marketplace\u003c/b\u003e\u003c/a\u003e\u003cspan style=\"\"\u003e\u003cb\u003e.\u003c/b\u003e\u003c/span\u003e On their platform, you can find:\u0026nbsp; \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eHigh APY potential:\u003c/b\u003e\u003c/span\u003e\u0026nbsp;\u003ca class=\"link\" href=\"https://percent.com/our-track-record-of-performance/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eaverage net APY of 14.08% in Q2 2024\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eFlexible and shorter\u003c/b\u003e\u003c/span\u003e durations with most deals maturing in 6-36 months \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eRecurring cashflow \u003c/b\u003e\u003c/span\u003ethrough interest payments, available in most deals \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eDiversification\u003c/b\u003e\u003c/span\u003e in lending types\u003cspan style=\"\"\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/span\u003eacross small business loans, merchant cash advances, trade finance, consumer loans and more\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFirst time investors can get up to $500 with their first investment. Sign up to learn more.\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cspan style=\"font-size:0.6rem;\"\u003e\u003csup\u003e1\u003c/sup\u003e\u003c/span\u003e\u003cspan style=\"font-size:0.6rem;\"\u003eAlternative investments are speculative and possess a high level of risk. No assurance can be given that investors will receive a return of their capital. Investors who cannot afford to lose their entire investment should not invest. Investments in private placements are highly illiquid and investors who cannot hold an investment for an indefinite term should not invest. Private credit investments may be complex and are subject to default risk.\u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"deal-flow\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eDeal Flow\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eM\u0026amp;A / Investments\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Grains merchant \u003cspan style=\"\"\u003e\u003cb\u003eBunge Global\u003c/b\u003e\u003c/span\u003e's\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e$8.2B acquisition of \u003cb\u003eGlencore\u003c/b\u003e-backed \u003cspan style=\"\"\u003e\u003cb\u003eViterra\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003eis set to gain EU approval (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/bunge-s-8-2-billion-viterra-deal-set-for-conditional-eu-nod?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eT-Mobile \u003c/b\u003e\u003c/span\u003eagreed to invest $4.9B in a JV with \u003cspan style=\"\"\u003e\u003cb\u003eKKR\u003c/b\u003e\u003c/span\u003e to buy fiber-optic internet company \u003cspan style=\"\"\u003e\u003cb\u003eMetronet\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.wsj.com/business/telecom/t-mobile-and-kkr-launch-jv-to-acquire-metronet-ecb3f96b?tpl=pe\u0026amp;mod=hp_lead_pos2\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCD\u0026amp;R\u003c/b\u003e\u003c/span\u003e and \u003cspan style=\"\"\u003e\u003cb\u003ePermira \u003c/b\u003e\u003c/span\u003emade a $2.4B takeover offer for French cybersecurity firm \u003cspan style=\"\"\u003e\u003cb\u003eExclusive Networks \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/cd-r-permira-bid-for-exclusive-networks-at-2-2-billion-value?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK events group \u003cspan style=\"\"\u003e\u003cb\u003eInforma\u003c/b\u003e\u003c/span\u003e agreed to take private rival \u003cspan style=\"\"\u003e\u003cb\u003eAscential\u003c/b\u003e\u003c/span\u003e for ~$1.5B cash (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/informa-to-buy-cannes-lions-owner-ascential-for-1-2-billion?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCastlelake\u003c/b\u003e\u003c/span\u003e is mulling a $1B sale for consumer-lending platform \u003cspan style=\"\"\u003e\u003cb\u003eConcora Credit \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/castlelake-said-to-explore-1-billion-sale-of-concora-credit?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Manufacturer \u003cspan style=\"\"\u003e\u003cb\u003eSilgan\u003c/b\u003e\u003c/span\u003e agreed to buy \u003cspan style=\"\"\u003e\u003cb\u003e3i\u003c/b\u003e\u003c/span\u003e-backed German packaging group \u003cspan style=\"\"\u003e\u003cb\u003eWeener Plastics \u003c/b\u003e\u003c/span\u003eat\u003cspan style=\"\"\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/span\u003ea $908M EV (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/silgan-holdings-to-buy-3i-backed-weener-plastics-in-908-million-deal-c41a7ec6?tpl=pe\u0026amp;mod=hp_lead_pos4\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eIAG\u003c/b\u003e\u003c/span\u003e's planned $434M takeover of \u003cspan style=\"\"\u003e\u003cb\u003eAir Europa\u003c/b\u003e\u003c/span\u003e may fall through (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/iag-s-air-europa-deal-on-verge-of-collapse-after-eu-pushback?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eUniCredit\u003c/b\u003e\u003c/span\u003e agreed to buy Polish banking services provider \u003cspan style=\"\"\u003e\u003cb\u003eVodeno\u003c/b\u003e\u003c/span\u003e and Belgian digital bank\u003cspan style=\"\"\u003e\u003cb\u003e Aion Bank \u003c/b\u003e\u003c/span\u003efor ~$402M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/unicredit-to-buy-vodeno-aion-for-370-million-in-digital-push?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK consumer goods company \u003cspan style=\"\"\u003e\u003cb\u003eReckitt Benckiser \u003c/b\u003e\u003c/span\u003eplans to sell some homecare brands and review options for its infant formula business (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/reckitt-to-sell-some-homecare-brands-review-infant-formula-unit?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PE firm \u003cspan style=\"\"\u003e\u003cb\u003e21 Invest\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003eis considering a sale of Italian eye-care firm \u003cspan style=\"\"\u003e\u003cb\u003eSifi\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/benetton-scion-is-said-to-consider-sale-of-eye-care-firm-sifi?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eVC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Satellite communications startup \u003cspan style=\"\"\u003e\u003cb\u003eAstranis\u003c/b\u003e\u003c/span\u003e raised a $200M Series D led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/astranis-is-set-to-build-omega-constellation-after-200m-series-d/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eVanta\u003c/b\u003e\u003c/span\u003e, a platform to automate security and compliance, raised a $150M Series C at a $2.45B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003eSequoia\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/trust-management-platform-vanta-raises-150m-series-c-now-valued-at-2-45b/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eH55\u003c/b\u003e\u003c/span\u003e, a Swiss startup specializing in electric aviation tech, raised a $71M Series C from \u003cspan style=\"\"\u003e\u003cb\u003eQuebec\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/h55-closes-ch65m-series-c-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Spanish tour booking platform \u003cspan style=\"\"\u003e\u003cb\u003eExoticca\u003c/b\u003e\u003c/span\u003e raised a ~$65M Series D led by \u003cspan style=\"\"\u003e\u003cb\u003eQuadrille Capital\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/23/spanish-startup-exoticca-raises-a-e60m-series-d-for-tour-packages-platform/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Dentist AI startup \u003cspan style=\"\"\u003e\u003cb\u003ePearl\u003c/b\u003e\u003c/span\u003e raised a $58M Series B led by \u003cspan style=\"\"\u003e\u003cb\u003eLeft Lane Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/pearl-raises-58m-to-help-dentists-make-better-diagnoses-using-ai/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eDazz\u003c/b\u003e\u003c/span\u003e, an AI-based automated cloud security remediation platform, raised a $50M round led by \u003cspan style=\"\"\u003e\u003cb\u003eGreylock\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCyberstarts\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eInsight Partners\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eIndex Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/dazz-snaps-up-50m-for-ai-based-automated-cloud-security-remediation/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eLakera\u003c/b\u003e\u003c/span\u003e, a Swiss platform to protect LLMs from malice, raised a $20M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eAtomico\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/lakera-which-protects-enterprises-from-llm-vulnerabilities-raises-20m/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eStar Catcher\u003c/b\u003e\u003c/span\u003e, a space-based energy grid, raised a $12.25M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eInitialized Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eB Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e(\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/star-catcher-closes-12-25m-seed-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eSplight\u003c/b\u003e\u003c/span\u003e, an AI startup tackling energy curtailment, raised a $12M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eNoa\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/splight-inc-secures-12m-in-seed-funding-to-tackle-the-energy-industrys-biggest-problem-energy-curtailment-302204685.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eUplimit\u003c/b\u003e\u003c/span\u003e, an AI-powered enterprise learning startup, raised an $11M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eSalesforce Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/uplimit-closes-11m-series-a-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Parenting tech platform \u003cspan style=\"\"\u003e\u003cb\u003eJoy\u003c/b\u003e\u003c/span\u003e raised a $10M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eForerunner\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/joy-secures-10-million-series-seed-to-transform-how-parents-seek-guidance-and-support-302205368.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eEvo Security\u003c/b\u003e\u003c/span\u003e, a Identity and Access Management solutions for MSPs, raised a $6M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eTechOperators\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/evo-security-announces-series-a-capital-raise-led-by-techoperators-302205488.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eVijil\u003c/b\u003e\u003c/span\u003e, a startup building AI agents for enterprises, raised a $6M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eAIStart seed fund\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGradient Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/vijil-raises-6m-in-seed-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Open-source LLM testing company \u003cspan style=\"\"\u003e\u003cb\u003ePromptfoo\u003c/b\u003e\u003c/span\u003e raised a $5M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/promptfoo-raises-5m-in-seed-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Colin Kaepernick's AI storytelling startup \u003cspan style=\"\"\u003e\u003cb\u003eLumi\u003c/b\u003e\u003c/span\u003e raised a $4M seed round led \u003cspan style=\"\"\u003e\u003cb\u003e776\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/colin-kaepernick-launches-ai-startup-help-creators-storytelling/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eIPO / Direct Listings / Issuances / Block Trades\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Logistics giant \u003cspan style=\"\"\u003e\u003cb\u003eLineage\u003c/b\u003e\u003c/span\u003e raised $4.4B at an ~$18B valuation in the biggest IPO YTD (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/lineage-is-said-to-price-us-ipo-shares-at-78-each?srnd=phx-markets\u0026amp;embedded-checkout=true\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003eKKR\u003c/span\u003e-backed finance SaaS firm \u003cspan style=\"\"\u003e\u003cb\u003eOneStream\u003c/b\u003e\u003c/span\u003e jumped 34% in its trading debut after its $490M IPO (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/kkr-backed-onestream-shares-climb-29-after-490-million-ipo\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Brazilian utility \u003cspan style=\"\"\u003e\u003cb\u003eEquatorial Energia\u003c/b\u003e\u003c/span\u003e is considering a $450M share sale to help finance its 15% stake purchase of water utility \u003cspan style=\"\"\u003e\u003cb\u003eSabesp \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-23/equatorial-said-to-mull-450-million-share-sale-within-months\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eSPAC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bitcoin financial services company \u003cspan style=\"\"\u003e\u003cb\u003eFold\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003ewill merge with \u003cspan style=\"\"\u003e\u003cb\u003eFTAC Emerald Acquisition Corp.\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003ein a $365M deal (\u003ca class=\"link\" href=\"https://www.businesswire.com/news/home/20240724261013/en/Fold-to-Go-Public-as-the-First-Pureplay-Financial-Services-Company-Powered-by-Bitcoin\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eDebt\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PE-backed Plan B-maker \u003cspan style=\"\"\u003e\u003cb\u003eFoundation Consumer Healthcare\u003c/b\u003e\u003c/span\u003e is seeking $1.5B in private credit to refinance debt (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/plan-b-pill-producer-in-talks-with-lenders-on-refi-dividend\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Distressed Chinese builders \u003cspan style=\"\"\u003e\u003cb\u003eLogan \u003c/b\u003e\u003c/span\u003eand \u003cspan style=\"\"\u003e\u003cb\u003eKWG Group \u003c/b\u003e\u003c/span\u003eare nearing a $1.3B refinancing for a Hong Kong property loan with investors including \u003cspan style=\"\"\u003e\u003cb\u003ePIMCO\u003c/b\u003e\u003c/span\u003e, \u003cspan style=\"\"\u003e\u003cb\u003eDeutsche Bank\u003c/b\u003e\u003c/span\u003e, and Singapore PE firm \u003cspan style=\"\"\u003e\u003cb\u003eRRJ \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/pimco-rrj-near-deal-for-refinancing-1-billion-hk-property-loan\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom group \u003cspan style=\"\"\u003e\u003cb\u003eAltice \u003c/b\u003e\u003c/span\u003etook a $1.3B margin loan against its 24.5% stake in \u003cspan style=\"\"\u003e\u003cb\u003eBT \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.ft.com/content/51ae5290-e8aa-4875-b68e-a1bc36c41beb\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eBankruptcy / Restructuring\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom software\u003cspan style=\"\"\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/span\u003efirm \u003cspan style=\"\"\u003e\u003cb\u003eMobileum\u003c/b\u003e\u003c/span\u003e filed for Chapter 11 bankruptcy with a restructuring plan to eliminate most of its $628M debt (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/mobileum-software-business-involved-in-private-equity-dispute-files-bankruptcy-c855e97a?tpl=pe\u0026amp;mod=hp_lead_pos4\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Furniture retailer \u003cspan style=\"\"\u003e\u003cb\u003eConn's \u003c/b\u003e\u003c/span\u003efiled for Chapter 11 bankruptcy with plans to liquidate (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/retailer-conn-s-files-for-bankruptcy-following-sales-declines\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eFundraising\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAgellus Capital \u003c/b\u003e\u003c/span\u003eraised $400M for its debut PE fund to invest in essential services (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/agellus-capital-closes-debut-fund-at-400-million-83db5f99?tpl=pe\u0026amp;mod=hp_major_fund_news_pos1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"crypto-corner\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eCrypto Corner\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eFerrari\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003ewill accept crypto payments in Europe following US success (\u003ca class=\"link\" href=\"https://www.reuters.com/technology/ferrari-extends-cryptocurrency-payment-system-europe-after-us-launch-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCoinbase \u003c/b\u003e\u003c/span\u003eis creating a tokenized money-market fund (\u003ca class=\"link\" href=\"https://www.coindesk.com/business/2024/07/24/coinbase-asset-management-plans-tokenized-money-market-fund-a-hot-area-after-blackrocks-buidl-success-sources/?_gl=1*7bg5wt*_up*MQ..*_ga*NDA1MjYzODA4LjE3MjE4NTIyNDM.*_ga_VM3STRYVN8*MTcyMTg1MjI0Mi4xLjAuMTcyMTg1MjI0Mi4wLjAuMTE5MDA4NjY5OQ..\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCD\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"execs-picks\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eExec鈥檚 Picks\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e The ARK Venture Fund is taking an asset class once reserved for the accredited, ultra-rich and making it available to all US investors. Gain exposure to a \u003cspan style=\"color:inherit;\"\u003e\u003ca class=\"link\" href=\"https://www.ark-funds.com/portfolio/?utm_source=litquidity\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=venture_fund_ongoing\u0026amp;utm_content=portfolio\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eportfolio\u003c/a\u003e\u003c/span\u003e comprising names like \u003cb\u003eSpaceX, OpenAI, \u003c/b\u003eand\u003cb\u003e Anthropic\u003c/b\u003e with as little as $500. \u003cspan style=\"color:inherit;\"\u003e\u003ca class=\"link\" href=\"https://www.ark-funds.com/funds/arkvx/?utm_source=litquidity\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=venture_fund_ongoing\u0026amp;utm_content=invest_today\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLearn more and invest today\u003c/a\u003e\u003c/span\u003e. \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"financial-services-recruiting\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eFinancial Services Recruiting \u003c/b\u003e馃捈\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://www.litneypartners.com/\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:15px 15px 15px 15px;border-style:solid;border-width:2px 2px 2px 2px;box-sizing:border-box;border-color:#001585;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4cf2f9ea-4e4c-4b4a-a9e4-c11a1476c89a/litney_partners.png?t=1718914436\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e If you're currently a junior banker looking to break into the buy side, lateral to another investment bank, or consider new paths amid changing market dynamics, it's time you check out \u003cb\u003eLitney Partners\u003c/b\u003e, a partnership between Litquidity and Whitney Partners (the oldest purely financial services executive search and consulting firm). \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWe aim to place strong candidates across private equity, hedge funds, venture capital, growth equity, debt funds, and investment banking. \u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e To get started, simply head over to \u003ca class=\"link\" href=\"https://www.litneypartners.com/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLitney Partners\u003c/a\u003e and create your profile by dropping your resume / filling out the form: \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://www.litneypartners.com/\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e 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font-family:'Helvetica',Arial,sans-serif; line-height: 2.5rem; padding-bottom: 8px; font-weight: 700;\"\u003eYet Another Clappening \u003c/h1\u003e\u003ch2 style=\"font-size: 20px; font-family:'Helvetica',Arial,sans-serif; line-height: 1.75rem; padding-bottom: 20px; color: #8A8A8A; font-weight: 400;\"\u003eChina is ensuring AI models are socialist, Colin Kaepernick launched an AI startup, Chinese quant funds are struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked. \u003c/h2\u003e\u003cdiv class=\"bh__byline_wrapper\"\u003e\u003cdiv\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cdiv style=\"display:flex; flex-direction:row; justify-content:flex-start;\"\u003e\u003cdiv style=\"display:flex;\"\u003e\u003cimg alt=\"Author\" height=\"40\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/user/profile_picture/2e8f4f5d-5856-4463-ad71-a48cbba10c7a/thumb_litcap.jpg\" 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114.129 93.7477C115.397 95.2198 116.244 97.254 116.664 99.8213C113.502 99.2839 110.083 99.1187 106.427 99.3283C96.13 99.9214 89.5101 105.927 89.9547 114.272C90.1803 118.505 92.2891 122.147 95.8924 124.526C98.9389 126.537 102.863 127.52 106.941 127.297C112.326 127.002 116.551 124.948 119.498 121.19C121.737 118.337 123.152 114.64 123.777 109.981C126.344 111.53 128.246 113.568 129.296 116.019C131.083 120.184 131.187 127.028 125.602 132.608C120.709 137.496 114.827 139.611 105.938 139.677C96.0779 139.603 88.6207 136.441 83.7723 130.278C79.2321 124.506 76.8857 116.17 76.7982 105.5C76.8857 94.8301 79.2321 86.4937 83.7723 80.7222C88.6207 74.5587 96.0778 71.3965 105.938 71.3232C115.87 71.3971 123.457 74.5745 128.491 80.7677C130.959 83.8048 132.82 87.6242 134.047 92.0775L141.028 90.2151C139.54 84.7337 137.2 80.0102 134.016 76.0929C127.563 68.1529 118.124 64.0844 105.962 64H105.914C93.777 64.0841 84.4441 68.1681 78.1742 76.1384C72.5949 83.2311 69.7169 93.1 69.6202 105.471L69.6199 105.5L69.6202 105.529C69.7169 117.9 72.5949 127.769 78.1742 134.862C84.4441 142.832 93.777 146.916 105.914 147H105.962C116.753 146.925 124.358 144.1 130.624 137.84C138.822 129.65 138.575 119.385 135.873 113.083C133.934 108.564 130.239 104.893 125.185 102.469ZM106.555 119.985C102.042 120.239 97.3533 118.213 97.1221 113.874C96.9507 110.657 99.4116 107.067 106.832 106.64C107.682 106.591 108.516 106.567 109.335 106.567C112.03 106.567 114.552 106.829 116.844 107.33C115.989 118.008 110.974 119.742 106.555 119.985Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003ca href=\"https://www.linkedin.com/sharing/share-offsite?url=https%3A%2F%2Fwww.execsum.co%2Fp%2Fyet-another-clappening\" target=\"_blank\"\u003e\u003cdiv style=\"max-width:28px;\"\u003e\u003csvg fill=\"none\" height=\"100%\" viewBox=\"0 0 211 211\" width=\"100%\" xmlns=\"http://www.w3.org/2000/svg\"\u003e\u003ccircle cx=\"105.5\" cy=\"105.5\" fill-opacity=\"0.15\" fill=\"#9CA3AF\" r=\"105.5\"\u003e\u003c/circle\u003e\u003cpath d=\"M82.1892 75.4698C82.1892 80.1362 78.526 83.8026 73.8638 83.8026C69.2015 83.8026 65.5383 80.1362 65.5383 75.4698C65.5383 70.8034 69.2015 67.137 73.8638 67.137C78.526 67.137 82.1892 70.8034 82.1892 75.4698ZM82.1892 90.4689H65.5383V143.799H82.1892V90.4689ZM108.831 90.4689H92.1797V143.799H108.831V115.801C108.831 100.135 128.812 98.8017 128.812 115.801V143.799H145.463V110.134C145.463 83.8026 115.824 84.8026 108.831 97.8018V90.4689Z\" fill=\"#BAC2CE\"\u003e\u003c/path\u003e\u003c/svg\u003e\u003c/div\u003e\u003c/a\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"content-blocks\"\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:center;\"\u003e\u003cb\u003eTogether with\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:25%;border-radius:5px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d589b873-dc75-4305-b5cc-bd79b60d23c5/image.png?t=1721869566\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eGood Morning,\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e China is ensuring AI models are socialist, Colin Kaepernick launched an AI startup, Chinese quant funds are struggling, CrowdStrike may cost Fortune 500 firms over $5B, and US stocks continued to get wrecked. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Sky-high rates and stock market volatility calls for a portfolio rebalance. Gain exposure to private credit with \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePercent\u003c/a\u003e, a highly democratized private credit market for \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eexclusive private credit deals\u003c/a\u003e. \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Let's dive in. \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"before-the-bell\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eBefore The Bell\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/42fbde9d-30e4-4d5c-8856-a898aa4e45d8/image.png?t=1721866156\"\u003e\u003cdiv style=\"margin:0 auto 0 auto;padding-left:4px;padding-right:4px;padding-top:4px;text-align:left;width:100%;\"\u003e\u003csmall style=\"color:#C0C0C0;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:12px;font-style:italic;text-decoration-color:#C0C0C0;text-decoration:none;\"\u003e\u003cp\u003eAs of 07/24/2024 market close.\u003c/p\u003e\u003c/small\u003e\u003c/div\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eMarkets\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e US stocks got hammered as investors reacted to disappointing earnings from Big Tech names \u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e S\u0026amp;P snapped its longest streak without a 2% decline since 2007 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e S\u0026amp;P had its worst day since December 2022 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Nasdaq had its worst day since October 2022 \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Volatility Index (VIX) hit a three-month high \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China 2Y-10Y premium widened to the most since 2020\u0026nbsp;as steepener bets grow \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eEarnings\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eIBM \u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003ebeat Q2 EPS and revenue estimates on growth in business tied to AI (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/ibm-q2-earnings-report-2024.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eFord\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e tumbled ~12% after widely missing Q2 EPS estimates due to continued warranty costs issues (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/ford-motor-f-earnings-q2-2024.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eAT\u0026amp;T\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e jumped ~5% after beating Q2 estimates for wireless subscriber additions on strong demand for higher-priced plans (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/att-t-q2-earnings.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eChipotle\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e beat Q2 EPS and revenue estimates on an 8.7% increase in foot traffic, defying an industry slowdown (\u003c/span\u003e\u003ca class=\"link\" href=\"https://www.cnbc.com/2024/07/24/chipotle-mexican-grill-cmg-q2-2024-earnings.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCNBC\u003c/a\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e)\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eWhat we're watching this week:\u0026nbsp;\u0026nbsp;\u003c/span\u003e\u003c/p\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin-left:25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eToday: \u003c/span\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003e\u003cb\u003eAmerican Airlines\u003c/b\u003e\u003c/span\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"color:rgb(34, 34, 34);\"\u003eFull calendar \u003c/span\u003e\u003ca class=\"link\" href=\"https://www.nasdaq.com/market-activity/earnings\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ehere\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"headline-roundup\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eHeadline Roundup\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Leveraged tech bets lost 37% after drawing $2B of inflows (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/leveraged-tech-bets-get-crushed-after-drawing-in-2-billion?srnd=phx-markets\u0026amp;embedded-checkout=true\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e BoC cut rates by 25 bps for the second-straight month (\u003ca class=\"link\" href=\"https://www.reuters.com/markets/rates-bonds/view-bank-canada-cuts-rates-again-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Eurozone banks see IB boost but outlook concerns grow (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/euro-zone-banks-see-investment-banking-boost-outlook-stalls-shares-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Fortune 500 firms may see $5.4B in losses tied to CrowdStrike (\u003ca class=\"link\" href=\"https://www.reuters.com/technology/fortune-500-firms-see-54-bln-crowdstrike-losses-says-insurer-parametrix-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e CrowdStrike offered $10 gift cards to clients as an apology (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/crowdstrike-offers-a-10-apology-gift-card-to-say-sorry-for-outage/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Secondaries deal flow rose 58% YoY in H1 (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/private-secondary-market-rises-58-as-deal-buildup-finally-breaks-65c33c7a?tpl=pe\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Firms are divesting bigger assets as dealmaking recovers (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/companies-shed-bigger-assets-to-slash-debt-get-lean-2df35eef?mod=business_lead_pos5\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Investors are warming to UK equities (\u003ca class=\"link\" href=\"https://www.ft.com/content/e5079b7c-01b6-453d-8cf6-4d19cc9156b2\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e India is closing in on China as largest emerging market (\u003ca class=\"link\" href=\"https://www.ft.com/content/3f34e4f7-b9a5-4508-80ed-bfda414f9324\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China is testing AI models to make sure they're socialist (\u003ca class=\"link\" href=\"https://www.ft.com/content/10975044-f194-4513-857b-e17491d2a9e9\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China quant funds suffer deep losses in H1 amid crackdown (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/chinas-quant-funds-suffer-deep-losses-amid-crackdown-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e China says Taiwanese workers have nothing to fear if law-abiding (\u003ca class=\"link\" href=\"https://www.reuters.com/world/china/dont-break-law-you-have-nothing-fear-china-tells-taiwan-staff-multinational-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Lackluster LVMH earnings flash warnings for global luxury market (\u003ca class=\"link\" href=\"https://www.ft.com/content/bdadd230-8672-4d88-990a-fd573a100570\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e NBA signed a $77B streaming deal with ESPN, NBC, and Amazon (\u003ca class=\"link\" href=\"https://www.reuters.com/business/media-telecom/nba-signs-broadcasting-deal-with-disney-amazon-comcast-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Blackstone's mortgage REIT fell 10% on mounting CRE woes (\u003ca class=\"link\" href=\"https://www.reuters.com/business/finance/blackstones-battered-mortgage-fund-slumps-empty-offices-intensify-pressure-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Luxury home sales continue to surge in otherwise slow market (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/real-estate-market-is-broken-for-everyone-except-the-ultra-rich\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e The hottest job market in a generation is over (\u003ca class=\"link\" href=\"https://www.wsj.com/economy/jobs/the-hottest-job-market-in-a-generation-is-over-92f61452\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bernard Arnault lost more wealth than any billionaire in 2024 (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/lvmh-s-arnault-has-lost-more-wealth-than-any-billionaire-in-2024?srnd=homepage-americas\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"a-message-from-percent\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cb\u003eA Message From Percent\u003c/b\u003e\u003c/h2\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:10px;\" src=\"https://lh7-us.googleusercontent.com/docsz/AD_4nXdXn-F9SEfxD2LR6f9ORw1rh4uvHrNUtG7rfZKUAlF0dgoEA9eJNofsNThHTzN7bJNG4JS4i-1hlQfs3MyiHRQRhehoP4imeixRJFZWYnSzvRZro2I5uhDB6oW0-uGHHM3vnBXP_c2oE2KjBH97G4RQHjoe?key=BtI-2nxHTwjoInAI4Zi_DQ\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv id=\"private-credit-with-apy-potential-u\" style=\"padding-bottom:2px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch2 style=\"color:#62AAFF;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:20px;font-weight:normal;line-height:30px;margin:0;text-align:left;\"\u003e\u003cspan style=\"color:#222222;\"\u003e\u003cspan style=\"text-decoration:underline;\"\u003e\u003cb\u003ePrivate Credit with APY Potential up to 20%\u003c/b\u003e\u003c/span\u003e\u003c/span\u003e\u003c/h2\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Are you looking to diversify beyond stocks and bonds? Thousands of accredited investors are tapping into the yield potential of \u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eprivate credit investments\u003c/a\u003e.\u0026nbsp; \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e Private credit is a broad category of direct lending that includes corporate loans, asset-based loans and other privately negotiated deals with corporate borrowers.\u003cspan style=\"font-size:0.6rem;\"\u003e\u003csup\u003e1\u003c/sup\u003e\u003c/span\u003e\u0026nbsp; \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePercent\u003c/a\u003e\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003e has powered over $1bn in deals through their \u003c/b\u003e\u003c/span\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003e\u003cb\u003eprivate credit marketplace\u003c/b\u003e\u003c/a\u003e\u003cspan style=\"\"\u003e\u003cb\u003e.\u003c/b\u003e\u003c/span\u003e On their platform, you can find:\u0026nbsp; \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eHigh APY potential:\u003c/b\u003e\u003c/span\u003e\u0026nbsp;\u003ca class=\"link\" href=\"https://percent.com/our-track-record-of-performance/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eaverage net APY of 14.08% in Q2 2024\u003c/a\u003e\u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eFlexible and shorter\u003c/b\u003e\u003c/span\u003e durations with most deals maturing in 6-36 months \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eRecurring cashflow \u003c/b\u003e\u003c/span\u003ethrough interest payments, available in most deals \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eDiversification\u003c/b\u003e\u003c/span\u003e in lending types\u003cspan style=\"\"\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/span\u003eacross small business loans, merchant cash advances, trade finance, consumer loans and more\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003ca class=\"link\" href=\"https://percent.com/?utm_source=execsum\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=jul2024\u0026amp;utm_content=jul25\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFirst time investors can get up to $500 with their first investment. Sign up to learn more.\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cspan style=\"font-size:0.6rem;\"\u003e\u003csup\u003e1\u003c/sup\u003e\u003c/span\u003e\u003cspan style=\"font-size:0.6rem;\"\u003eAlternative investments are speculative and possess a high level of risk. No assurance can be given that investors will receive a return of their capital. Investors who cannot afford to lose their entire investment should not invest. Investments in private placements are highly illiquid and investors who cannot hold an investment for an indefinite term should not invest. Private credit investments may be complex and are subject to default risk.\u003c/span\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"deal-flow\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eDeal Flow\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eM\u0026amp;A / Investments\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Grains merchant \u003cspan style=\"\"\u003e\u003cb\u003eBunge Global\u003c/b\u003e\u003c/span\u003e's\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e$8.2B acquisition of \u003cb\u003eGlencore\u003c/b\u003e-backed \u003cspan style=\"\"\u003e\u003cb\u003eViterra\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003eis set to gain EU approval (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/bunge-s-8-2-billion-viterra-deal-set-for-conditional-eu-nod?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eT-Mobile \u003c/b\u003e\u003c/span\u003eagreed to invest $4.9B in a JV with \u003cspan style=\"\"\u003e\u003cb\u003eKKR\u003c/b\u003e\u003c/span\u003e to buy fiber-optic internet company \u003cspan style=\"\"\u003e\u003cb\u003eMetronet\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.wsj.com/business/telecom/t-mobile-and-kkr-launch-jv-to-acquire-metronet-ecb3f96b?tpl=pe\u0026amp;mod=hp_lead_pos2\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCD\u0026amp;R\u003c/b\u003e\u003c/span\u003e and \u003cspan style=\"\"\u003e\u003cb\u003ePermira \u003c/b\u003e\u003c/span\u003emade a $2.4B takeover offer for French cybersecurity firm \u003cspan style=\"\"\u003e\u003cb\u003eExclusive Networks \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/cd-r-permira-bid-for-exclusive-networks-at-2-2-billion-value?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK events group \u003cspan style=\"\"\u003e\u003cb\u003eInforma\u003c/b\u003e\u003c/span\u003e agreed to take private rival \u003cspan style=\"\"\u003e\u003cb\u003eAscential\u003c/b\u003e\u003c/span\u003e for ~$1.5B cash (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/informa-to-buy-cannes-lions-owner-ascential-for-1-2-billion?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCastlelake\u003c/b\u003e\u003c/span\u003e is mulling a $1B sale for consumer-lending platform \u003cspan style=\"\"\u003e\u003cb\u003eConcora Credit \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/castlelake-said-to-explore-1-billion-sale-of-concora-credit?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Manufacturer \u003cspan style=\"\"\u003e\u003cb\u003eSilgan\u003c/b\u003e\u003c/span\u003e agreed to buy \u003cspan style=\"\"\u003e\u003cb\u003e3i\u003c/b\u003e\u003c/span\u003e-backed German packaging group \u003cspan style=\"\"\u003e\u003cb\u003eWeener Plastics \u003c/b\u003e\u003c/span\u003eat\u003cspan style=\"\"\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/span\u003ea $908M EV (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/silgan-holdings-to-buy-3i-backed-weener-plastics-in-908-million-deal-c41a7ec6?tpl=pe\u0026amp;mod=hp_lead_pos4\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eIAG\u003c/b\u003e\u003c/span\u003e's planned $434M takeover of \u003cspan style=\"\"\u003e\u003cb\u003eAir Europa\u003c/b\u003e\u003c/span\u003e may fall through (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/iag-s-air-europa-deal-on-verge-of-collapse-after-eu-pushback?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eUniCredit\u003c/b\u003e\u003c/span\u003e agreed to buy Polish banking services provider \u003cspan style=\"\"\u003e\u003cb\u003eVodeno\u003c/b\u003e\u003c/span\u003e and Belgian digital bank\u003cspan style=\"\"\u003e\u003cb\u003e Aion Bank \u003c/b\u003e\u003c/span\u003efor ~$402M (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/unicredit-to-buy-vodeno-aion-for-370-million-in-digital-push?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e UK consumer goods company \u003cspan style=\"\"\u003e\u003cb\u003eReckitt Benckiser \u003c/b\u003e\u003c/span\u003eplans to sell some homecare brands and review options for its infant formula business (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/reckitt-to-sell-some-homecare-brands-review-infant-formula-unit?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PE firm \u003cspan style=\"\"\u003e\u003cb\u003e21 Invest\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003eis considering a sale of Italian eye-care firm \u003cspan style=\"\"\u003e\u003cb\u003eSifi\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/benetton-scion-is-said-to-consider-sale-of-eye-care-firm-sifi?srnd=phx-deals\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eVC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Satellite communications startup \u003cspan style=\"\"\u003e\u003cb\u003eAstranis\u003c/b\u003e\u003c/span\u003e raised a $200M Series D led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/astranis-is-set-to-build-omega-constellation-after-200m-series-d/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eVanta\u003c/b\u003e\u003c/span\u003e, a platform to automate security and compliance, raised a $150M Series C at a $2.45B valuation led by \u003cspan style=\"\"\u003e\u003cb\u003eSequoia\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/trust-management-platform-vanta-raises-150m-series-c-now-valued-at-2-45b/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eH55\u003c/b\u003e\u003c/span\u003e, a Swiss startup specializing in electric aviation tech, raised a $71M Series C from \u003cspan style=\"\"\u003e\u003cb\u003eQuebec\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/h55-closes-ch65m-series-c-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Spanish tour booking platform \u003cspan style=\"\"\u003e\u003cb\u003eExoticca\u003c/b\u003e\u003c/span\u003e raised a ~$65M Series D led by \u003cspan style=\"\"\u003e\u003cb\u003eQuadrille Capital\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/23/spanish-startup-exoticca-raises-a-e60m-series-d-for-tour-packages-platform/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Dentist AI startup \u003cspan style=\"\"\u003e\u003cb\u003ePearl\u003c/b\u003e\u003c/span\u003e raised a $58M Series B led by \u003cspan style=\"\"\u003e\u003cb\u003eLeft Lane Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e(\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/pearl-raises-58m-to-help-dentists-make-better-diagnoses-using-ai/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eDazz\u003c/b\u003e\u003c/span\u003e, an AI-based automated cloud security remediation platform, raised a $50M round led by \u003cspan style=\"\"\u003e\u003cb\u003eGreylock\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCyberstarts\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eInsight Partners\u003c/b\u003e\u003c/span\u003e\u003cb\u003e, \u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eIndex Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/dazz-snaps-up-50m-for-ai-based-automated-cloud-security-remediation/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eLakera\u003c/b\u003e\u003c/span\u003e, a Swiss platform to protect LLMs from malice, raised a $20M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eAtomico\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/lakera-which-protects-enterprises-from-llm-vulnerabilities-raises-20m/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eStar Catcher\u003c/b\u003e\u003c/span\u003e, a space-based energy grid, raised a $12.25M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eInitialized Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eB Capital\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e(\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/star-catcher-closes-12-25m-seed-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eSplight\u003c/b\u003e\u003c/span\u003e, an AI startup tackling energy curtailment, raised a $12M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eNoa\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/splight-inc-secures-12m-in-seed-funding-to-tackle-the-energy-industrys-biggest-problem-energy-curtailment-302204685.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eUplimit\u003c/b\u003e\u003c/span\u003e, an AI-powered enterprise learning startup, raised an $11M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eSalesforce Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/uplimit-closes-11m-series-a-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Parenting tech platform \u003cspan style=\"\"\u003e\u003cb\u003eJoy\u003c/b\u003e\u003c/span\u003e raised a $10M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eForerunner\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/joy-secures-10-million-series-seed-to-transform-how-parents-seek-guidance-and-support-302205368.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eEvo Security\u003c/b\u003e\u003c/span\u003e, a Identity and Access Management solutions for MSPs, raised a $6M Series A led by \u003cspan style=\"\"\u003e\u003cb\u003eTechOperators\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.prnewswire.com/news-releases/evo-security-announces-series-a-capital-raise-led-by-techoperators-302205488.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003ePRN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eVijil\u003c/b\u003e\u003c/span\u003e, a startup building AI agents for enterprises, raised a $6M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003eAIStart seed fund\u003c/b\u003e\u003c/span\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003eand\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003cspan style=\"\"\u003e\u003cb\u003eGradient Ventures\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/vijil-raises-6m-in-seed-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Open-source LLM testing company \u003cspan style=\"\"\u003e\u003cb\u003ePromptfoo\u003c/b\u003e\u003c/span\u003e raised a $5M seed round led by \u003cspan style=\"\"\u003e\u003cb\u003ea16z\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://www.finsmes.com/2024/07/promptfoo-raises-5m-in-seed-funding.html\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFN\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Colin Kaepernick's AI storytelling startup \u003cspan style=\"\"\u003e\u003cb\u003eLumi\u003c/b\u003e\u003c/span\u003e raised a $4M seed round led \u003cspan style=\"\"\u003e\u003cb\u003e776\u003c/b\u003e\u003c/span\u003e (\u003ca class=\"link\" href=\"https://techcrunch.com/2024/07/24/colin-kaepernick-launches-ai-startup-help-creators-storytelling/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eTC\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eIPO / Direct Listings / Issuances / Block Trades\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Logistics giant \u003cspan style=\"\"\u003e\u003cb\u003eLineage\u003c/b\u003e\u003c/span\u003e raised $4.4B at an ~$18B valuation in the biggest IPO YTD (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/lineage-is-said-to-price-us-ipo-shares-at-78-each?srnd=phx-markets\u0026amp;embedded-checkout=true\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003eKKR\u003c/span\u003e-backed finance SaaS firm \u003cspan style=\"\"\u003e\u003cb\u003eOneStream\u003c/b\u003e\u003c/span\u003e jumped 34% in its trading debut after its $490M IPO (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/kkr-backed-onestream-shares-climb-29-after-490-million-ipo\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Brazilian utility \u003cspan style=\"\"\u003e\u003cb\u003eEquatorial Energia\u003c/b\u003e\u003c/span\u003e is considering a $450M share sale to help finance its 15% stake purchase of water utility \u003cspan style=\"\"\u003e\u003cb\u003eSabesp \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-23/equatorial-said-to-mull-450-million-share-sale-within-months\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eSPAC\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Bitcoin financial services company \u003cspan style=\"\"\u003e\u003cb\u003eFold\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003ewill merge with \u003cspan style=\"\"\u003e\u003cb\u003eFTAC Emerald Acquisition Corp.\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003ein a $365M deal (\u003ca class=\"link\" href=\"https://www.businesswire.com/news/home/20240724261013/en/Fold-to-Go-Public-as-the-First-Pureplay-Financial-Services-Company-Powered-by-Bitcoin\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBW\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eDebt\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e PE-backed Plan B-maker \u003cspan style=\"\"\u003e\u003cb\u003eFoundation Consumer Healthcare\u003c/b\u003e\u003c/span\u003e is seeking $1.5B in private credit to refinance debt (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/plan-b-pill-producer-in-talks-with-lenders-on-refi-dividend\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Distressed Chinese builders \u003cspan style=\"\"\u003e\u003cb\u003eLogan \u003c/b\u003e\u003c/span\u003eand \u003cspan style=\"\"\u003e\u003cb\u003eKWG Group \u003c/b\u003e\u003c/span\u003eare nearing a $1.3B refinancing for a Hong Kong property loan with investors including \u003cspan style=\"\"\u003e\u003cb\u003ePIMCO\u003c/b\u003e\u003c/span\u003e, \u003cspan style=\"\"\u003e\u003cb\u003eDeutsche Bank\u003c/b\u003e\u003c/span\u003e, and Singapore PE firm \u003cspan style=\"\"\u003e\u003cb\u003eRRJ \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/pimco-rrj-near-deal-for-refinancing-1-billion-hk-property-loan\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom group \u003cspan style=\"\"\u003e\u003cb\u003eAltice \u003c/b\u003e\u003c/span\u003etook a $1.3B margin loan against its 24.5% stake in \u003cspan style=\"\"\u003e\u003cb\u003eBT \u003c/b\u003e\u003c/span\u003e(\u003ca class=\"link\" href=\"https://www.ft.com/content/51ae5290-e8aa-4875-b68e-a1bc36c41beb\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eFT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eBankruptcy / Restructuring\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Telecom software\u003cspan style=\"\"\u003e\u003cb\u003e\u0026nbsp;\u003c/b\u003e\u003c/span\u003efirm \u003cspan style=\"\"\u003e\u003cb\u003eMobileum\u003c/b\u003e\u003c/span\u003e filed for Chapter 11 bankruptcy with a restructuring plan to eliminate most of its $628M debt (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/mobileum-software-business-involved-in-private-equity-dispute-files-bankruptcy-c855e97a?tpl=pe\u0026amp;mod=hp_lead_pos4\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e Furniture retailer \u003cspan style=\"\"\u003e\u003cb\u003eConn's \u003c/b\u003e\u003c/span\u003efiled for Chapter 11 bankruptcy with plans to liquidate (\u003ca class=\"link\" href=\"https://www.bloomberg.com/news/articles/2024-07-24/retailer-conn-s-files-for-bankruptcy-following-sales-declines\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eBBG\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eFundraising\u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eAgellus Capital \u003c/b\u003e\u003c/span\u003eraised $400M for its debut PE fund to invest in essential services (\u003ca class=\"link\" href=\"https://www.wsj.com/articles/agellus-capital-closes-debut-fund-at-400-million-83db5f99?tpl=pe\u0026amp;mod=hp_major_fund_news_pos1\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eWSJ\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"crypto-corner\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eCrypto Corner\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eFerrari\u003c/b\u003e\u003c/span\u003e\u003cspan style=\"\"\u003e\u0026nbsp;\u003c/span\u003ewill accept crypto payments in Europe following US success (\u003ca class=\"link\" href=\"https://www.reuters.com/technology/ferrari-extends-cryptocurrency-payment-system-europe-after-us-launch-2024-07-24/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eRT\u003c/a\u003e) \u003c/p\u003e\u003c/li\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e\u003cspan style=\"\"\u003e\u003cb\u003eCoinbase \u003c/b\u003e\u003c/span\u003eis creating a tokenized money-market fund (\u003ca class=\"link\" href=\"https://www.coindesk.com/business/2024/07/24/coinbase-asset-management-plans-tokenized-money-market-fund-a-hot-area-after-blackrocks-buidl-success-sources/?_gl=1*7bg5wt*_up*MQ..*_ga*NDA1MjYzODA4LjE3MjE4NTIyNDM.*_ga_VM3STRYVN8*MTcyMTg1MjI0Mi4xLjAuMTcyMTg1MjI0Mi4wLjAuMTE5MDA4NjY5OQ..\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eCD\u003c/a\u003e)\u0026nbsp; \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"execs-picks\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eExec鈥檚 Picks\u003c/b\u003e\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:7px;padding-left:40px;padding-right:32px;padding-top:7px;\"\u003e\u003cul style=\"color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;list-style-type:disc;margin:0px 0px 0px 25px;padding:0;\"\u003e\u003cli style=\"margin:5px 0px 0px 0px;\"\u003e\u003cp style=\"text-align:left;\"\u003e The ARK Venture Fund is taking an asset class once reserved for the accredited, ultra-rich and making it available to all US investors. Gain exposure to a \u003cspan style=\"color:inherit;\"\u003e\u003ca class=\"link\" href=\"https://www.ark-funds.com/portfolio/?utm_source=litquidity\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=venture_fund_ongoing\u0026amp;utm_content=portfolio\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eportfolio\u003c/a\u003e\u003c/span\u003e comprising names like \u003cb\u003eSpaceX, OpenAI, \u003c/b\u003eand\u003cb\u003e Anthropic\u003c/b\u003e with as little as $500. \u003cspan style=\"color:inherit;\"\u003e\u003ca class=\"link\" href=\"https://www.ark-funds.com/funds/arkvx/?utm_source=litquidity\u0026amp;utm_medium=newsletter\u0026amp;utm_campaign=venture_fund_ongoing\u0026amp;utm_content=invest_today\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLearn more and invest today\u003c/a\u003e\u003c/span\u003e. \u003c/p\u003e\u003c/li\u003e\u003c/ul\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; border-top: 1px solid #E5E5E5; width:90%;\"\u003e\u003c/div\u003e\u003c/div\u003e\u003cdiv id=\"financial-services-recruiting\" style=\"padding-bottom:3px;padding-left:20px;padding-right:20px;padding-top:11px;\"\u003e\u003ch1 style=\"color:#001585;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:25px;font-weight:normal;line-height:38px;margin:0;text-align:left;\"\u003e\u003cb\u003eFinancial Services Recruiting \u003c/b\u003e馃捈\u003c/h1\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003ca href=\"https://www.litneypartners.com/\" rel=\"nofollow noopener noreferrer\" style=\"text-decoration: none;\" target=\"_blank\"\u003e\u003cimg alt=\"\" style=\"margin:0 auto 0 auto;width:100%;border-radius:15px 15px 15px 15px;border-style:solid;border-width:2px 2px 2px 2px;box-sizing:border-box;border-color:#001585;\" src=\"https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4cf2f9ea-4e4c-4b4a-a9e4-c11a1476c89a/litney_partners.png?t=1718914436\"\u003e\u003c/a\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e If you're currently a junior banker looking to break into the buy side, lateral to another investment bank, or consider new paths amid changing market dynamics, it's time you check out \u003cb\u003eLitney Partners\u003c/b\u003e, a partnership between Litquidity and Whitney Partners (the oldest purely financial services executive search and consulting firm). \u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e\u003cb\u003eWe aim to place strong candidates across private equity, hedge funds, venture capital, growth equity, debt funds, and investment banking. \u003c/b\u003e\u003c/p\u003e\u003c/div\u003e\u003cstyle\u003e\n p span[style*=\"font-size\"] { line-height: 1.6; }\n\u003c/style\u003e\u003cdiv style=\"padding-bottom:6px;padding-left:20px;padding-right:20px;padding-top:6px;\"\u003e\u003cp style=\"color:#222222;color:var(--wt-text-on-background-color) !important;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:24px;text-align:left;\"\u003e To get started, simply head over to \u003ca class=\"link\" href=\"https://www.litneypartners.com/\" target=\"_blank\" style=\"-webkit-text-decoration:underline #387fd2;color:#387fd2;text-decoration:underline #387fd2;word-break:break-word;;\"\u003eLitney Partners\u003c/a\u003e and create your profile by dropping your resume / filling out the form: \u003c/p\u003e\u003c/div\u003e\u003cdiv style=\"padding-bottom:13px;padding-left:20px;padding-right:20px;padding-top:13px;text-align:center;width:100%;word-break:break-word;\"\u003e\u003ca target=\"_blank\" rel=\"noopener nofollow noreferrer\" href=\"https://www.litneypartners.com/\"\u003e\u003cbutton style=\"background-color:#001585;border-radius:6px;border:solid 0px #001585;color:#FFFFFF;cursor:pointer;font-family:'Helvetica',Arial,sans-serif;font-size:16px;line-height:42px;padding:0px 14px;width:fit-content;\" type=\"button\"\u003e GET HIRED \u003c/button\u003e\u003c/a\u003e\u003c/div\u003e\u003cdiv style=\"padding: 18px 0;\"\u003e\u003cdiv style=\"margin: 0 auto; 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