Insight

JMI Equity wraps up 11th growth fund at $2.4bn

The fundraising brings JMI's total capital commitments to more than $8 billion since the firm's inception in 1992.

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  • JMI XI will make both minority and majority shareholder investments ranging from approximately $25 million to $250 million
  • JMI Equity invests in high-growth B2B software companies
  • Proskauer Rose LLP served as legal counsel in the formation of JMI XI

JMI Equity has closed its eleventh growth fund at $2.4 billion, beating its original $2 billion target.

The fundraising brings JMI’s total capital commitments to more than $8 billion since the firm’s inception in 1992.

JMI XI will make both minority and majority shareholder investments ranging from approximately $25 million to $250 million.

JMI Equity invests in high-growth B2B software companies.

“We are grateful for the support of our long-standing investors and excited to welcome an array of new limited partners from around the globe,” said JMI Managing General Partner Peter Arrowsmith, in a statement. “We look forward to continuing to partner with the next generation of software company founders, entrepreneurs, and management teams to help them navigate this evolving landscape and create businesses of enduring value.”

Proskauer Rose LLP served as legal counsel in the formation of JMI XI.

To date, JMI has invested in over 180 software businesses in North America and Europe and completed over 115 exits.