Global private equity and venture capital transactions in February posted a year-over-year decrease of 23% to $64.11 billion from $83.26 billion in February 2021, according to S&P Global Market Intelligence data.

However, a total of 1,881 deals were announced last month, a 15% increase from the 1,635 announced transactions in February 2021, Market Intelligence data shows.

North America contributed most of the deals during the month with 693 transactions at an aggregate valuation of $39.68 billion. Asia-Pacific came in second with 552 deals totaling $13.01 billion, followed by Europe, which saw 501 deals with a combined value of $9.17 billion.

The technology, media and telecommunications sector continued to receive the most capital from investors during the month, bringing in $20.88 billion in total transaction value. It was also the only sector that recorded an increase in total transaction value at 19.5% compared to the same period in 2021.

Notable deals that were completed during the month included The Carlyle Group Inc.'s buyout of cloud computing and data center services company Involta LLC and Clearlake Capital Group LP's takeover of global cybersecurity software company Quest Software Inc. Vista Equity Partners also led a more than $1 billion growth investment in cloud and network security platform provider Securonix Inc., while Insight Partners provided funding to physics-based simulation software company Gamma Technologies LLC.

Deals in the materials sectors declined 94.3% in transaction value to end the month at $280.0 million from $4.90 billion from the same period in 2021. It was followed by the financial sector, which saw a 56.1% year-over-year fall to only $5.62 billion from $12.81 billion in 2021, while investments in the industrials market also went down 32.8% to $13.60 billion from $20.23 billion.