The Millennium family of private equity funds announced today that Jonathan Glass has joined the firm as Chief Financial Officer serving Millennium Technology Value Partners, L.P., Millennium Technology Ventures, L.P., and the firm’s related entities.
Glass was previously Vice President of Finance and Controller of Venrock Associates, a multi-billion dollar venture capital firm, for four years. Glass’s career encompasses fifteen years of financial and tax experience within the private equity arena. Prior to Venrock, Glass was at Greenbriar Equity Group, and before that, served as a tax manager at Deloitte & Touche working with private equity and other financial institutions. Glass is a Certified Public Accountant and holds an MBA from Fordham University and a BA from Boston University. He is a member of the professional organizations, AICPA and NYSSCPA.
On joining Millennium, Jon Glass observed, “Millennium is an outstanding franchise with a strong track record. The firm’s value-centric strategy represents an especially exciting opportunity at this moment in the market. Millennium blends the goal of achieving high returns from investing in high growth, best-of-breed companies with structural risk mitigation techniques designed to minimize the risks historically associated with venture capital investing. Millennium’s approach has been a recipe for outperforming the market and creating compelling returns for investors.”
Samuel L. Schwerin, Managing Partner of Millennium Technology Value Partners, L.P., noted, “Jon Glass is a strong addition to our team. The current market climate is a positive one for our investment strategy, and we are rapidly expanding our human capital as well as all our resources in order to best embrace the opportunities ahead.”
Millennium also announced that it had added Brian Waterhouse to the investment team as an Associate. The firm has also just completed a move to a new location:
Millennium Technology Ventures
747 Third Avenue
38th Floor
New York, NY 10017
(646-521-7800)
Website: www.MTVLP.com
About the Millennium Technology Ventures Family of Private Equity Funds:
Millennium is a unique family of investment funds that seeks to blend the best practices and principles of venture capital with those of large-scale private equity investing. Marrying the innovative, entrepreneurial, and high-growth spirit of Silicon Valley with the investment rigor and discipline of Wall Street, the Millennium funds invest in best-of-breed companies, working closely with strong management teams and partnering with world class investment groups to achieve outstanding results.
Founded by Managing Partners Daniel Burstein and Samuel Schwerin, Millennium has become particularly well-known in the private equity community in recent years for its role in providing liquidity on illiquid investments to founders, management teams, and investors.
As a result of completing well over 100 secondary transactions since 2002 - with partners such as Dell, Oppenheimer, Goldman Sachs, Bowman, Alliance, UBS, and Scientific-Atlanta, as well as many founders and executives of venture-backed companies—the firm has helped to create a more liquid market for venture capital assets. Millennium has authored a number of articles and white papers on liquidity solutions and the future of the secondary market. These are available on Millennium’s website: www.MTVLP.com
Millennium Technology Value Partners, L.P., the current flagship fund of the Millennium family, employs a broad array of transaction formats, ranging from primary venture capital and growth equity investments, to secondaries, venture debt, restructurings, corporate spinoffs, PIPEs, and buyouts.
Millennium Technology Ventures, L.P. invests in innovative, early-stage high-growth companies.
Recent successful realization highlights from the Millennium portfolios include the Initial Public Offerings of ArcSight (Nasdaq: ARST) and Airvana (Nasdaq: AIRV), and the sales of Tellme to Microsoft (Nasdaq: MSFT), World Wide Packets to Ciena (Nasdaq: CIEN), Aventail to SonicWALL (Nasdaq: SNWL), Requisite to Click Commerce and subsequently to Illinois Tool Works (Nasdaq: ITW), and FirstVirtual to Radvision (Nasdaq: RVSN).
Contacts:
Samuel L. Schwerin, Managing Partner
646-521-7800
Schwerin@mtvlp.com
