Walden CEL Global Fund I

Overview

Walden CEL Global Fund I is a private equity fund co-invested by China Everbright Limited and Walden International, focusing on semiconductor and electronic information industries. The fund primarily invests in companies along the semiconductor and electronic information supply chain, including microchips, artificial intelligence, hardware, and software integration. With a target size of USD 500 million, it aims to leverage China Everbright Limited's strength in cross-border investment and capital market operations, as well as Walden International's 30 years of experience in the semiconductor sector. The fund seeks to make investments and initiate mergers and acquisitions in notable projects in the global semiconductor area at the growth and maturity stages, realizing potential returns from both technological developments and capital market movements. Additionally, it plans to import high-end technology and thriving business models of its portfolio companies into the Chinese market, augmenting China Everbright Limited's project sources in mainland China and contributing to technological improvement and development in China's semiconductor industry. The fund's investment strategy includes focusing on industries important to the economic transformation and sustainable development of China, such as advanced manufacturing, advanced transportation equipment, advanced agricultural products and technologies, consumer products, clean energy, environmental and resources management, technology, media and telecommunications, wealth protection, and healthcare. It intends to be a major or strategic shareholder of the portfolio companies, providing value-added support in areas like strategic planning, corporate governance, operations, financial management, mergers and acquisitions, risk management, financing, marketing, and human resources. The fund also plans to introduce its portfolio companies' products and technologies to the Chinese market to create and enhance their value, ultimately generating investment returns for its investors. Since its establishment, the fund has made several investments, including in Tongdun Technology, a leading fintech risk management provider, and Indie Semiconductor, a world-leading automotive electronic semiconductor integrated solutions provider. In 2019, Marvell Technology Group Ltd. acquired Aquantia Corp., a portfolio company of the fund, marking the first successful exit with an internal rate of return of approximately 36%.

Investment Focus

• Proven operational track record
• Sound business model
• Strong growth potential in the Chinese market
• Significant commercial potential in the Chinese market
• Alignment with China's economic transformation and sustainable development goals

Portfolio Companies