Millennium Technology Value Partners, L.P. (TVP) was formed
to provide investors with liquidity on their private equity holdings, non-core
operations, and other generally illiquid assets.
The Millennium team applies a partnership approach to working hand in hand
with corporations, financial institutions, individuals, bankruptcy estates and
others in need of a liquidity solution on valuable, but illiquid assets. The
team has completed more than 100 transactions involving more than $50 billion
of assets. Dozens of these transactions were designed to provide liquidity, including
many of the following formats.
 |
Acquisition of specific assets or entire companies in bankruptcy and restructure
situations |
|
Spin-out of operating subsidiaries |
|
Purchase of intellectual property rights and royalty streams |
|
Acquisition of minority positions, in the form of common stock, preferred
stock, debt, warrants, and derivative securities |
|
Assumption of limited partner obligations or the secondary management of
private equity portfolios |
|
Creation of exchange fund vehicles |
|
Many special situation public company investments |
|
Many other unique and innovative financial structures oriented toward win-win
results |
|
 |
Providing Investors with Liquidity and Value
TVP is focused on the creation of a secondary market designed
to provide liquidity to holders of individual venture capital assets and portfolios,
limited partnership interests, non-core operations, technology-related intellectual
property, royalty assets, derivative instruments, and other generally illiquid
assets.
Millennium is a leader in providing attractive liquidity opportunities
to managers of corporate venture capital investments and other sellers of non-core
assets including banks, insurance companies, hedge funds, mutual funds, and company
management teams. The sale of illiquid assets offers meaningful benefits to Millennium's
transaction partners including:
|
Generating cash liquidity from illiquid assets |
|
Reducing expenses and administrative burden associated with managing non-core
assets |
|
Reducing regulatory, accounting, and compliance requirements |
|
Optimizing tax benefits |
|
Alleviating burden of follow-on capital for existing investments |
|
Reallocating funds to new areas of strategic value |
|
Rebalancing and diversifying portfolio allocations |
Our transaction partners often include sophisticated institutions
and individuals. Since 2001, Millennium, its partners and its affiliates, have
entered into transactions with leading operating companies, financial institutions,
individual investors, and management teams including Dell, Scientific-Atlanta,
Lantronix, Alliance Capital Management, and Bowman Capital, among others.
We create transaction structures designed to meet seller interests
and needs. Our creativity and flexibility allows us to enter into transactions
spanning from a few thousand dollars to a hundred million dollars.
Value-Added Partners
Millennium is a recognized venture investor with the capital
and experience necessary to assume ongoing support of investments while assuring
sellers a quiet and confidential exit that protects their reputations. Millennium
is a committed partner that actively works with investors and management teams
to create long-term sustainable value. In addition to supporting our portfolio
companies with follow-on capital, we leverage our network of relationships to
provide value-added services to our companies such as strategic guidance, acquisition
execution, executive recruiting, and operational resources.
|
