Millennium Technology Ventures Family of Funds Names Jonathan Glass as CFO

NEW YORK, July 23 /PRNewswire/ -- 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 and Airvana, and the sales of
Tellme to Microsoft, World Wide Packets to Ciena, Aventail to SonicWALL,
Requisite to Click Commerce and subsequently to Illinois Tool Works, and
FirstVirtual to Radvision.
SOURCE Millennium Technology Ventures

Samuel L. Schwerin, Managing Partner of Millennium Technology Ventures,
+1-646-521-7800, Schwerin@mtvlp.com