JMI Equity Closes $1.7 Billion Growth Equity Fund
Summary
“ With the strong support of our investors, we have secured the optimal amount of capital to execute our investment strategy over the next few years. We are humbled and thank our new and longstanding limited partners for the trust they have placed in our team.” Throughout its nearly three-decade history, the Firm has successfully sourced investment opportunities through a proactive approach and built growing and profitable companies. The Firm has had a productive year, generating over $2.0 billion in realizations over the last 12 months, including those from the sales of Arena Solutions to PTC Inc. (Nasdaq: PTC) and Workfront to Adobe (Nasdaq: ADBE), and investing in ten leading software companies. With the closing of JMI X, we look forward to continuing to support entrepreneurs, founder-owners and management teams as they navigate these dynamic times and work to achieve scalable growth.” JMI X will continue its focused strategy of investing in high-growth enterprise software companies and working closely with management teams to build best-in-class software businesses. Founded in 1992, JMI has invested in over 155 businesses in its target markets, successfully completed over 105 exits, and raised more than $6 billion of committed capital.