JMI Hits Hard Cap

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 (

© 2018 Private Equity Professional | December 11, 2018

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