Millennium Technology Value Partners related stories
All articles and analysis
Millennium Technology Adds Alex FerraraNew York-based Millennium Technology Value Partners has added Alex Ferrara as a partner, focusing on investments in Internet companies, and in companies working in financial services and digital technology. Previously, Ferrara spent six years with Bessemer Venture Partners, where he was a Partner.
- NetSpend IPO, Backed by Oak and JLL, Soars 18%
IPOs can be worth the wait. Just consider NetSpend, which went public Tuesday and surged 18% in afternoon trading. The offering will provide a strong gain for investors JLL Partners and Oak Investment Partners. The NetSpend IPO was slated to launch last week but opened today at $11.20 a share. The stock closed Tuesday at $13.00, up $2 from its $11 offer price.
- Millennium Technology Finds Boon In Secondary Sales, Makes 6X Return on ArcSight
Despite all the fuss about secondary sales, such transactions are a booming business for firms such as Millennium Technology Value Partners. The New York VC firm has completed 300 secondary liquidity transactions in the past nine years, valued at over $500 million in assets, says Samuel Schwerin, a Millennium managing partner. Secondary liquidity events, or secondary sales, refer to shareholders selling their positions or investments in pre-IPO companies to other investors. Schwerin expects such deals to become a $10 billion business within five years. This year, secondary sales are expected to hit more than $3 billion, up from the $1 billion in 2009, he says.
- Q&A On Millennium’s Oversubscribed Fund
Millennium Technology Ventures, a VC secondaries fund, today announced an oversubscribed final close on it on its latest fund. As first reported by peHUB ../../../../../../68376/millennium-approaching-oversubscribed-close/ on April 7, Millennium topped its and $250 million hard cap by $30 million. The firm closed Millennium Technology Value Partners II LP with $280 million in commitments. The fund itself was around two times oversubscribed, making it the largest dedicated pool of capital focused solely on direct secondary liquidity, according to a press release from the firm. Its initial target of $200 million was stretched to accommodate as many investors as possible, but ultimately had to turn some away. The $280 million sum does not include the firm's GP commitment. Millennium's last fund was a 2006 vintage with $130 million in commitments. The firm's partners also managed a vintage 2000 traditional venture
- Q&A On Millennium’s Oversubscribed Fund
Millennium Technology Ventures, a VC secondaries fund, today announced an oversubscribed final close on it on its latest fund. As first reported by peHUB ../../../../../../68376/millennium-approaching-oversubscribed-close/ on April 7, Millennium topped its and $250 million hard cap by $30 million. The firm closed Millennium Technology Value Partners II LP with $280 million in commitments. The fund itself was around two times oversubscribed, making it the largest dedicated pool of capital focused solely on direct secondary liquidity, according to a press release from the firm. Its initial target of $200 million was stretched to accommodate as many investors as possible, but ultimately had to turn some away. The $280 million sum does not include the firm's GP commitment. Millennium's last fund was a 2006 vintage with $130 million in commitments. The firm's partners also managed a vintage 2000 traditional venture