- JMI Equity, a Baltimore, MD- and San Diego, CA-based growth equity firm focused on investing in software companies, closed JMI Equity Fund X, L.P., at $1.7 billion
- JMI X received support from both existing and new investors, including state pension funds, sovereign wealth funds, family offices, endowments, and foundations
- The fund, which brings the firm’s total committed capital raised to more than $6 billion since formation in 1992
- JMI X will make investments ranging from approximately $20m to $200m in growth B2B software companies through both minority and control transactions
- The fund will primarily focus on companies based in North America with revenues greater than $10m, often providing the first institutional capital to founder-owned companies
- To date, JMI X has made five investments, including TimelyMD, PointClickCare, and Seismic Software
