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                                                                                                                                                                                                                                                                                                                                                                                                                                                        	  		  			  			  				  					  						In today's Daily Pitch, you'll find:  						  							- A decade-long buildup of VC-backed startups promises a busy US IPO market in 2022.
   							   							- PitchBook analysts predict a big year in 2022 for US private equity.
   							   							- From 'solo VCs' to the rise of climate tech, our most-read articles of 2021.
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                   Analysts forecast a huge 2022 for US PE                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						  						  							  								  									  									  										  											  												     |   											   											  												| (Nora Carol Photography/Getty Images) |   											   										  									   									 |   								   							  						   						 |   					   				  			     			  				  					  						The AUM of the big five public alternatives managers will eclipse $3 trillion this year. Funds over $5 billion will collectively raise $250 billion, including the three largest-ever buyout funds. And PE firms will close at least 400 middle-market software deals.   						   						These are just a few of the forecasts that PitchBook analysts made for private equity this year. Our Private Equity Outlook details seven predictions in US PE, including a big IPO year for private capital managers and new exit opportunities for PE-backed healthcare provider platforms. |   					   				  			     			  			 |   		   	                                                |                                                                                                                                                                              |                                                          |                                                                                                                               |                                                                                                                                                                                                                                                                                                                                      |                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                  |                                                                                                                                   What to watch for in the 2022 IPO market                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						  						  							  								  									  									  										  											  												     |   											   											  												| (Andriy Onufriyenko/Getty Images) |   											   										  									   									 |   								   							  						   						 |   					   				  			     			  				  					  						After a standout year for public listings that padded the pockets of investors, the US IPO market has entered 2022 from a position of strength. Household names like Reddit and Chobani are lining up offerings, and a large volume of IPO-ready companies should keep the supply coming.   						   						But there are headwinds—from rising interest rates to declining sentiment for IPOs and SPACs—that threaten the market's momentum. |   					   				  			     			  			 |   		   	                                                |                                                                                                                                                                              |                                                          |                                                                                                                               |                                                                                                                                                                                                                                                                                                                                      |                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                  |                                                                                                                                   2021 in review: Our top 7 articles                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                              |                                                                                                |                                                                                                                                                                              |                                                          |                                                                                                                               |                                                                                                                                                                                                                                                                                                                                      |                                                                                                    |                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                          |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						How Tiger Global changed venture capital dealmaking in 2021. [Business Insider]   						   						The EU hopes to classify some natural gas and nuclear power investments as climate-friendly. But what makes an investment "green"? [The Wall Street Journal]   						   						After a year dominated by Mars and space tourism, companies and governments are turning their attention to the moon in 2022. [The New York Times] |   					   				  			   			 |   		   	                                                |                                                                                                                                                                                                         |                                                                                                                                                                                                              |                                                          |           
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                                                                                                                                                                                         |                                                                                                                       |                                         Since yesterday, the PitchBook Platform added:                                   |                                                                                                                                                                                                                                                                            |                                                                                                              38                                                                                                                                                                                                             Deals                                                                                                                                                      |                                                                                                                                                                                                                                                  144                                                                                                                                                         People                                                                                                  |                                                                                                                                                                                                                                              48                                                                                                                                                           Companies                                                                                                  |                                                                                                                                                                                                                                              8                                                                                                                                                             Funds                                                                                                  |                                                                                                                                                              |                                                                                                |                                                                                                                                                      |                                                                                  |                          |                                              |       
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                   2018 Vintage European PE Funds                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                              |                                                                                                    |                                                                                                                                                                                                         |                                                                                                                                                                                                              |                                                          |           
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                   Oak HC/FT promotes Chandramouli to partner                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						| Oak HC/FT, a VC and growth equity firm that focuses on the fintech and healthtech sectors, has promoted Vig Chandramouli to partner. Chandramouli focuses on investing in healthcare companies. |   					   				  			   			 |   		   	                                                        |                                                                                                                                                                                                         |                                                                                                                                                                                                              |                                                          |           
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                   GenFleet Therapeutics raises $75M                                                                                                                       |                                                              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                                                     Voyant Photonics raises $15.4M Series A                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                              |                                                                                                        |                                                                                                                                                                                                         |                                                                      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                                                                                                                                                                                                   |                                                                                                                                   Amberstone Biosciences picks up $12M                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                              |                                                                                                          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                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                  |                                                                                                                                   Curi Bio lands $10M Series A                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						| Curi Bio has raised $10 million from investors including Dynamk Capital and DS Asset Management. Based in Seattle, the company is a creator of human stem cell-based products designed to aid the development of genetic medicines and cell therapies. |   					   				  			   			 |   		   	                                                            |                                                                                                                                                                                                         |                                                                                                                                                                                                              |                                                          |           
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                   3G lands majority stake in window treatments company in $7.1B deal                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						| 3G Capital has agreed to acquire a 75% stake in Hunter Douglas, a Dutch manufacturer of window coverings and architectural products, at a $7.1 billion enterprise value. 3G will pay €175 (about $198) per Hunter Douglas share, representing a 73% premium to the company's closing share price on Dec. 30. The Sonnenberg family, which founded Hunter Douglas in 1919, will control the remaining 25% stake in the company. |   					   				  			   			 |   		   	                                                        |                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                      |                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                  |                                                                                                                                   Gemspring Capital acquires JTI Electrical                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						| An affiliate of Gemspring Capital has acquired a majority stake in JTI Electrical & Instrumentation, a California-based designer and engineer of electrical and mechanical systems. Founded in 2000, JTI provides services to industrial processing facilities in the food and beverage, agriculture, manufacturing and energy industries. |   					   				  			   			 |   		   	                                                        |                                                                                                                                                                                                         |                                                                                                                                                                                                              |                                                          |           
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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |                                                                                                                                   Energy Impact Partners pulls SPAC plans                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						| ESG investor Energy Impact Partners has withdrawn its IPO registration for EIP Acquisition Corp I. The blank-check company was intended to target a business in the energy transition and decarbonization sector. EIP Acquisition had been seeking $300 million in its IPO. |   					   				  			   			 |   		   	                                                        |                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                      |                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                  |                                                                                                                                   Littlejohn buys supply chain company Magnate Worldwide                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						| Investment firm Littlejohn & Co. has acquired Magnate Worldwide, a supply chain management company that provides freight logistics services. Portland, Ore.-based Magnate Worldwide was formed in 2015 by Magnate Capital Partners and CIVC Partners as a holding company designed to make logistics and transportation acquisitions. Magnate operates multiple brands for specialty freight delivery in industries such as fine arts, aerospace and healthcare. |   					   				  			   			 |   		   	                                                        |                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                      |                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                                                                                                                                                                                                                                  |                                                                                                                                   Delivery Hero takes over Spain's Glovo                                                                                                                       |                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                  	  		  			  			  				  					  						| Delivery Hero has agreed to acquire a 39.4% stake in Glovo, bringing its holdings in the Spanish delivery app provider to more than 83% and valuing Glove at €2.3 billion, Reuters reported. The Barcelona-based startup has raised funding from investors including Luxor Capital, Mubadala, Drake Enterprises, Idinvest Partners and Lakestar. |   					   				  			   			 |   		   	                                                        |                                                                                                                                                                                                         |                                                                                                                                                                                                              |                                                          |           
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