BALTIMORE & SAN DIEGO & WASHINGTON— JMI Equity, a prominent growth equity firm recognized as Jmi Equity Partners, has announced the successful closing of its latest fund, JMI Equity Fund XI, L.P., along with its executive fund counterpart, JMI XI Executive Fund, L.P. The combined commitments for these funds reached a substantial $2.4 billion, signaling strong investor confidence in jmi equity partners‘ investment strategy.
The overwhelming demand for Fund XI surpassed its initial target of $2 billion, resulting in an oversubscribed fund. This achievement underscores the continued trust from existing investors and the attraction of new limited partners from across the globe to jmi equity partners. With the addition of JMI XI, the firm’s total capital commitments since its inception in 1992 now exceed $8 billion, solidifying its position as a leading player in growth equity.
At the helm of jmi equity partners are Managing General Partners Harry Gruner, the firm’s founder, and Peter Arrowsmith. Mr. Arrowsmith expressed gratitude for the sustained support from long-term investors and welcomed the new partnerships. He emphasized the firm’s commitment to collaborating with the next wave of software company founders, entrepreneurs, and management teams. Jmi equity partners aims to guide these leaders through the evolving business landscape and assist them in building enduring, valuable enterprises.
For over three decades, jmi equity partners has consistently pursued its core investment strategy: targeting high-growth B2B software companies. The firm is known for its close partnerships with company management, working collaboratively to foster industry leadership. Demonstrating its robust investment activity, jmi equity partners has invested in over 30 cloud software companies in the past three years alone, generating over $3.5 billion in realizations. This track record highlights the firm’s ability to navigate dynamic economic conditions and support its portfolio companies in prioritizing customer engagement and product innovation, ultimately driving them to market dominance.
Fund XI will deploy capital through both minority and majority shareholder investments, with individual investments ranging from approximately $25 million to $250 million. Jmi equity partners will primarily focus on North American companies, frequently serving as the first institutional investor for these businesses. The fund has already made initial investments in three promising companies: Businessolver, Visiting Media, and Unanet, indicating the firm’s proactive approach to deployment.
Legal counsel for the formation of JMI XI was provided by Proskauer Rose LLP.
About JMI Equity
JMI Equity, operating as jmi equity partners, is a growth equity firm dedicated to investing in leading software companies. With a history spanning over three decades, jmi equity partners has established itself as a trusted partner for exceptional founders, entrepreneurs, and management teams in the high-growth software sector. The firm provides flexible capital, deep industry knowledge, and operational support to help build companies with lasting value. To date, jmi equity partners has invested in over 180 software businesses across North America and Europe and has successfully completed over 115 exits. Currently, the firm’s portfolio comprises industry-leading cloud software companies representing $8 billion in combined revenue, $65 billion in aggregate enterprise value, and over 34,000 jobs. For further details, please visit www.jmi.com.
Contacts
Will Braun / Owain Thorogood
H/Advisors Abernathy
[email protected] / [email protected]
212-371-5999
