Millennium is a principal investment firm specializes in providing liquidity 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 firm operates through Millennium Technology Ventures, L.P. and Millennium Technology Value Partners, L.P. funds. Millennium Technology Value Partners, L.P. specializes in investments in distressed companies, recapitalizations, corporate spin-offs, leveraged buyouts, going-private transactions, and private investments in public equity (PIPE) transactions. It focuses on acquiring venture capital assets in the 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 illiquid assets. The firm prefers to invest between $5 million and $10 million in its portfolio companies. Millennium Technology Ventures, L.P. specializes in later-stage investments. It focuses on primarily on communications infrastructure, systems, tools and enabling technologies. The firm seeks to invest in companies that make the Internet operate faster, more efficiently, at lower cost, and more securely. Millennium Technology Ventures, L.P. was founded by Mr. Dan Burstein in 2000 and Millennium Technology Value Partners, L.P. by Mr. Sam Schwerin and Mr. Dan Burstein in 2004 and Millennium is based in New York, New York.