Millennium Technology Value Partners said that Max Chee has been promoted to partner. Chee joined the firm in 2005 and has led Millennium investments in companies such as ArcSight, Airvana (acquired by SAC Capital), Green Dot, RigNet, Epocrates and Tumblr.
MILLENNIUM PROMOTES MAX CHEE TO PARTNER
NEW YORK, NY – January 24, 2012—Millennium Technology Value Partners, an active investor in alternative liquidity solutions, growth equity and venture debt transactions, announced today that Max Chee has been promoted to Partner. Chee, who joined the firm in 2005, has led numerous Millennium investments into companies including ArcSight (acquired by HPQ), Airvana (acquired by SAC Capital), Green Dot (GDOT), RigNet (RNET), Epocrates (EPOC), Acronis, MarkLogic, Tumblr, LegalZoom and ETF Securities.
“Max is a proven, valuable member of our team, with a strong mix of investment experience in large-scale finance as well as entrepreneurship and venture capital,” said Millennium Managing Partner Sam Schwerin.
Chee has more than 14 years of experience as a private equity and venture capital investor. Prior to Millennium, he worked for Mellon Ventures, where he led investments in enterprise software, business services, communications, IT infrastructure, and traditional growth capital. Earlier in his career, Chee was an investment banker at Salomon Brothers in New York and also worked in Salomon’s Asia-Pacific Investment Banking Group in Hong Kong. Chee received his Master of Business Administration from The Wharton School at the University of Pennsylvania, and a Bachelor of Commerce degree from Queen’s University in Canada.
Millennium also added another new Partner in 2011, Alex Ferrara, who was previously a Partner with Bessemer Venture Partners.
About Millennium Technology Value Partners
Over the last decade, Millennium has been a pioneer, innovator, and leader in developing institutional-quality alternative liquidity programs for companies and shareholders in the venture capital ecosystem, partnering with the world’s leading technology companies to design investment structures that foster long-term growth. The firm has close to $1 billion in assets under management, and has completed more than 300 investments that include Facebook, Twitter, Zappos (AMZN), Chegg, Green Dot (GDOT), Tellme (MSFT), RigNet (RNET), eHarmony, Good Technology, BeachMint, HauteLook (JWN), Tumblr, ETF Securities, Tremor, LegalZoom, Wayport (T), NetSpend (NTSP), Epocrates (EPOC), iPass (IPAS), Airvana (acquired by SAC Capital), HootSuite, Rearden Commerce, LiveOps, MarkLogic, ID Analytics, Acronis, ArcSight (HPQ), PlaySpan (V), and many others.
Millennium’s most recent fund, Millennium Technology Value Partners II, is the largest fund focused on providing alternative liquidity solutions to shareholders of venture-backed companies. In addition to its leadership in secondary investing, Millennium also provides primary growth capital, venture debt, and flexible capital solutions to high-growth companies. Based in New York, Millennium is led by its founding partners Sam Schwerin and Dan Burstein. For more information, visit: www.MTVLP.com