Some positive news regarding risk capital.
S&P Global Market Intelligence says Venture Capital (VC) and Private Equity (PE) deal value increased globally during the month of October. While four weeks does not make a quarter this could be good news for the innovation sector which demands access to capital to build new firms and fuel prosperity.
At the same time, the number of deals declined slightly by approximately 5.8% year over year to 1,042 from 1,106.
The report states that the US and Canada led the world with the highest combined deal value of $30.92 billion, nearly twice the deal value in the same period in 2023.
Europe followed with a deal value of $25.5 billion, while deal value for Asia-Pacific was reported at $5.94 billion.
Global PE and VC transaction value reached $557.14 billion year through the month of October which represents a 34.3% increase compared to 2023.
Technology, media, and telecommunications (TMT) was the most active sector with PE/VC deals numbering 399.
A robust private securities market is a positive economic indicator. Economies must support risky ventures as while some fail, some succeed – driving innovation and economic growth – creating jobs and wealth.