Carlyle Asia Venture Partners Closes Second Fund at $170 Million and Makes First Investment of $5 million in Taiwan-Based Infomax Optical
Hong Kong -- The Carlyle Group today announced the final closing of Carlyle Asia Venture Partners II, LP (CAVP II) a $170 million venture capital fund that will make investments primarily in China, Taiwan, India, and Korea. In addition to the closing, Carlyle announced that the fund had invested $5 million in Infomax Optical Technology Corporation, a Taiwan-based manufacturer of laser-based optoelectronic sub-components.
Eric Levin and Tony Jansz, Managing Directors and co-heads of CAVP, said, “We are very pleased with the interest this fund has generated and the investment opportunities that we are currently reviewing.”
Infomax designs and manufactures sub-components, which are used in electronic devices such as optical transceivers and transponders. CAVP II’s $5 million investment in Infomax is part of the company’s third round of financing, which raised approximately $10 million. To date, the company has raised a total of $19.2 million in financing.
“The projected growth in the transceiver market provides Infomax with the opportunity to be a leader in optical communications and networking. Sub-components are the essential building blocks within the transceiver module accounting for 50 to 60% of its cost,” said H.P. Huang, Infomax’s chairman. “We are very optimistic about our role in this robust growing market.”
CAVP II is part of the Carlyle Group’s global technology venture practice, which includes sister funds in the U.S. and Europe. Access to Carlyle’s global network provides opportunities for pan-Asian companies to operate in the world market through dedicated networking events, matching activities, and cross-border cooperation.