Private equity (PE) and venture capital (VC) investments touched an all-time high of $12.9 billion in October, on the back of high-value deals, a report said.

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The investments were 71 per cent higher as com pared with October 2020’s $7.5 billion and 2.5 times the $5.2 billion value recorded in September this year, the report by consultancy firm EY and industry lobby IVCA said. By the number of transactions, the 127 deals in October were higher than the 92 in last October but lower when compared with September’s 134. The PE/VC deal activity is on a roll in 2021, significantly exceeding the previous all-time highs.

Year-to-date October 2021, PE/VC investments have recorded $65.6 billion, 38 per cent higher than the previous annual high recorded in 2020,” the firm’s partner Vivek Soni said. There were 21 large deals of over $100 million each in October aggregating to $10.9 billion, it said.

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