2tor, a provider of online education services to universities, has closed USD22m in series B financing led by new investor Highland Capital Partners along with existing partners Redpoint Ventures, Novak Biddle Venture Partners and City Light Capital. The company will use the funding to increase resources dedicated to developing new

Redpoint Ventures has closed Redpoint IV, a USD400m early stage venture capital fund. Redpoint IV will be used to back entrepreneurs and companies that will help in the social and mobile internet, cloud computing and clean technology spaces. In the past six months, Redpoint entrepreneurs have realised liquidity totalling nearly

Augentius Fund Administration, a provider of fund administration services to the private equity and property fund sectors, has received final regulatory approval to administer Mauritian domiciled funds. “We have had increasing demand to provide services to funds domiciled in Mauritius, with two fund managers already appointing Augentius Mauritius” says J.P.

SkillSoft, a Dublin-based e-learning software provider, has agreed to be acquired by a group of private equity firms for USD1.1bn. Berkshire Partners, Advent International and Bain Capital Partners will pay USD10.80 per share in cash to SkillSoft shareholders, representing a premium of 11 per cent to SkillSoft’s closing share price

Chrysalix Energy, a venture capital firm focused on early stage clean energy technologies, says its latest fund has increased to more than USD100m with an investment by the Oregon Investment Fund, an affiliate of Credit Suisse. Chrysalix chief executive Wal van Lierop (pictured) says the Chrysalix Energy Limited Partnership III

TVM Capital Mena has received approval from the Dubai Financial Services Authority to launch its first regional healthcare growth capital fund with USD40m of subscriptions from founding investors, Saudi Health Investment Company, the International Finance Corporation and GE Healthcare. TVM Capital Mena, the fund’s operator, is based in the Dubai

2009 saw a steep decline in European financial services M&A activity with values, excluding government led deals, hitting their lowest levels for six years, according to a report by PricewaterhouseCoopers. By contrast, the outlook for increased deal activity in 2010 is positive and the level of private sector activity is

Investec Private Bank’s private equity partner and fund finance team has provided a GBP8.2m loan to Encore Ventures, a new division of European venture capital firm DFJ Esprit. The two year loan facility financed all the management fees, set-up costs and legal fees of Encore 1, Encore Ventures’ first fund,

LS Power, a New York-based investment firm focused on the development, acquisition and management of power generation and transmission infrastructure, has selected SunGard’s Investran to help address its accounting needs for private equity administration. LS Power will use Investran for customer relationship management and investment and partnership accounting. Investran supports