TETRA TECHNOLOGIES INC

**Signal Note: Driehaus Capital Entry into TTI** This $34.8M initiation by a growth-focused biotech allocator is notable, though TTI is primarily an oilfield services/specialty chemicals company rather than a pure-play biotech—the position likely reflects exposure to their water treatment and chemical solutions portfolio serving energy and industrial sectors. The signal suggests confidence in near-term operational recovery or M&A activity, though investors should verify the specific catalyst driving a growth investor's entry at this valuation.