Average deal size hit $19 million, nearly triple what it was during the same quarter last year, according to data compiled by the Canadian Venture Capital and Private Equity Association. There was $1.8 billion in private equity investment in the quarter, an eight per cent decline compared to the same quarter last year. (The Logic)

Talking point: Canadian private equity and venture capital have been going in opposite directions all year. In the first half of 2019, private equity investment hit $4.9 billion, its lowest number since 2013. Today, venture capital investing hit a high—$2.4 billion invested in a single quarter—not reached since 2013. Private equity deal size is 46 per cent lower this quarter compared to the past three years’ average. Venture capital deal size is up 215 per cent compared to the average over the past five years. Most of the private equity strength is in Quebec, where three out of every five disclosed deals took place. For venture capital, the strongest areas are Vancouver, Montreal and Toronto, where 64 per cent of all dollars were disbursed.