JMI Equity has raised $3.1 billion for its 12th main fund, a software-focused private equity firm. The fund closed in under six months, exceeding its $2.4 billion predecessor by 29%. Almost all investors from the previous fund committed to the new vehicle.
JMI Equity, a prominent software-focused private equity firm, has successfully raised $3.1 billion for its 12th main fund. The fund closed within six months, surpassing its $2.4 billion predecessor by 29%. This impressive feat is a testament to the firm's strong track record and investor confidence in its strategy [1].
The new fund, which is expected to focus on software and technology investments, attracted nearly all investors from the previous fund. This high level of commitment underscores the firm's ability to deliver consistent returns and align with the long-term goals of its investors. The rapid closing of the fund also highlights the growing demand for software investments in the private equity market [1].
JMI Equity's 12th main fund marks a significant milestone for the firm, as it continues to expand its portfolio and influence in the software industry. With a strong focus on growth equity, the firm has a proven track record of partnering with exceptional founders and management teams to build enduring businesses [1].
In addition to its impressive fundraising efforts, JMI Equity has also made notable acquisitions and investments in recent years. In 2023, the firm acquired Employee Navigator, a leading benefits administration and HR software provider, for an undisclosed amount. This acquisition has allowed JMI Equity to expand its reach and offer a comprehensive suite of products to businesses of all sizes [2].
The successful closure of JMI Equity's 12th main fund is a positive development for the private equity industry as a whole. It demonstrates the continued strength and resilience of the market, even in the face of economic uncertainty. As the software industry continues to grow and evolve, investors can expect to see more strategic investments and acquisitions from firms like JMI Equity.
References:
[1] https://finance.yahoo.com/news/know-trumps-push-open-401-220841892.html
[2] https://www.morningstar.com/news/business-wire/20250804784823/employee-navigator-completes-100-million-funding-round
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