BALTIMORE & SAN DIEGO – JMI Equity, a growth equity firm that invests in leading software, internet, business services and healthcare IT companies, has closed the JMI Equity Fund VII, L.P. (JMI VII), an $875 million fund. With the closing of JMI VII, JMI Equity has successfully raised over $2.1 billion of committed capital since its founding in 1992.
“We are pleased to announce the closing of JMI VII,” said Harry Gruner, JMI Equity managing general partner and co-founder. “In this very challenging fundraising environment, we are grateful for the continued support of our longstanding investors, as well as the substantial interest from new investors.”
Since 1992, JMI Equity has invested in more than 100 businesses in its target markets. Through JMI VII, JMI Equity will continue its longstanding investment strategy of providing capital to fund growth, acquisitions, recapitalizations and buyouts. The new fund will invest primarily in North American companies, targeting equity investments of $10 million to $100 million each.
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