yes, agree with your thinking. I think the increase is done to facilitate closure on the below 3 deals, which are yet to be PR'ed. Here's an excerpt from the May 19 PR that talks about 3 more deals in the making
From May 19 PR - "Mr. Caparro will also be working very closely with both Mr. Bucaria and 7th Level CFO Jack Carton to complete investments in 3 other New Media-based entities for the division, which include a lifestyle media marketplace, a cutting edge digital marketing company and an entertainment-based transactional company."