Chase Capital Partners, the venture capital arm of Chase Manhattan Corp., announced two new investments this week-one in a German telecommunications company and the other in two metal suppliers to the transportation industry.

Chase Capital and Formus Communications said they have made a commitment to jointly invest in Arcis Mediacom Management GmbH, a telecom company in Munich. Arcis has recently been awarded national and regional licenses that allow it to provide fixed and mobile telecommunications throughout Germany.

Chase also said it would make a joint investment with Aerostar Capital in two companies that distribute metals to the transportation industry: Production Supply Co. of New Orleans and Pioneer Aluminum of Los Angeles.

Bowles Hollowell Conner & Co., a subsidiary of First Union Corp., Charlotte, N.C., advised Chase Capital and Aerostar on the transaction.

Chase Capital Partners has more than $6 billion under management.

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