JMI Hits Hard Cap

JMI Equity has closed JMI Equity Fund IX LP at its $1.2 billion hard cap. The new fund received support from both existing and new investors.

JMI Equity invests from $15 million to $125 million of minority and control equity in software companies that have from $10 million to $200 million in revenue. JMI is often the first institutional capital to invest in its target companies. Founded in 1992, JMI has invested in more than 140 businesses, completed over 90 exits, including 19 IPOs, and has raised over $4 billion in committed capital.

“Over the last 26 years and 140-plus investments in 26 US states, Canada, and Europe, our mission has been to identify and add value to outstanding software companies,” said Harry Gruner, JMI Equity Founder and Co-Managing General Partner. “With our new fund, we look forward to continuing to collaborate with founders and management teams to help build and scale world-class software companies.”

“We’re grateful for the partnership of our investors and management teams,” said Paul Barber, Co-Managing General Partner of JMI Equity. “With our focus, disciplined approach, and commitment to excellence, the JMI team is committed to continue executing against our strategy in JMI IX.”

JMI Equity has offices in San Diego and Baltimore (www.jmi.com).

© 2018 Private Equity Professional | December 11, 2018

Print Friendly, PDF & Email

Related Articles

With New Fund, Edgewater Adds Biz Development Pro Edgewater Capital Partners has added Jason Burmer to its team as vice president of business development. Mr. Burmer will spearhead Edgewater’s busi...
Aldine Beats Target on Fund III Aldine Capital Partners has held a final closing of its third fund, Aldine Capital Fund III LP, with total capital of $240 million. The new fund was s...
Advent Hits Fund IX Hard Cap Advent International has completed fundraising for Advent International GPE IX LP at its hard cap of $17.5 billion. The new fund was raised in only si...
Westcott Forms Private Equity Firm Westcott LLC, the investment office of the Westcott family, has formed Westcott Investment Group, a new lower middle market private equity firm. We...
Diversis Closes First Fund Diversis Capital Management has held a final closing of its inaugural fund, Diversis Capital Partners I LP, at its hard cap of $255 million. The new f...
Cohere Capital Launched in Boston Cohere Capital, a new growth-focused private equity firm, has been launched in Boston by Nik Shah and Daniel Gedney. Cohere Capital makes majority ...