smac partners acquires ICT-portfolio from iD TechVentures

The acquired fund with the vintage year 2000 reached the end of the lifetime with a few portfolio companies on stages for public listing. It includes technology companies, like Alchip Technologies, a provider of silicon design and manufacturing services for companies developing complex and high volume system-on-chip (SoC) designs.

Smac partners originally entered the Asian market as a primary investor in 2002 and sees good opportunities now in the secondary space as well.

iD TechVentures Ltd is the former Acer Technology Ventures established by Acer founder Stan Shih together with former Acer senior management. It focuses on technology and high growth investment in Greater China. With offices in Shanghai, Beijing and Taipei, iDT VC manages four generation USD 500m limited partnership funds.

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