Venture capital firms have agreed to sell LifeSize Communications, a US-based provider of high definition video communications products, to Logitech International, a Switzerland-based manufacturer of computer peripherals. Venture capital firms include Tenaya Capital, Austin Ventures, Norwest Venture Partners, Redpoint Ventures, Sutter Hill Ventures and Pinnacle Ventures. Logitech will acquire LifeSize

Three portfolio companies managed by Carlyle Asia Growth Capital Partners have completed their initial public offerings in Hong Kong and in New York, raising a combined total of nearly USD780m in gross proceeds. China Forestry, Kaisa Group and Concord Medical Services have all seen active trading.   Wayne Tsou (pictured),

F&C Private Equity, the private equity fund of funds division of F&C Asset Management, has completed the first close at EUR30m of the Aurora Fund, a new fund specialising in acquiring secondary interests in predominantly European private equity funds. Investors in the Aurora Fund include UK and Dutch pension funds.

Michael Kim, a partner at Rustic Canyon Partners, has formed Cendana Capital, a fund of funds investing in private equity. Based in San Francisco, Cendana Capital will pursue a tactical and opportunistic strategy, which will include non-traditional private equity and venture capital investments. Cendana Capital is forming at a time

Munich venture capital firm Target Partners has made an early round investment in Hetras, an Austrian-based developer of hotel management software. Hetras will use the funds to complete development and launch of the first internet-based management and reservation system for international hotel chains.   Software technology in hotel chains traditionally

Low Carbon Accelerator has made a further investment of USD533,333 (approximately GBP330,000) in LUMEnergi as part of an overall funding round of USD1m with its existing co-investor, Noventi Ventures. The funding has been provided as an extension to the existing convertible loan note that was announced on 11 August 2009.

Marlin Management has completed the first and final closing of Marlin Equity III, a USD650m institutional private equity fund that seeks capital appreciation through investments in businesses undergoing operational, financial or market driven change. Marlin targets companies across a variety of industries, including technology, healthcare, business services, consumer products, and