JMI Equity Raises $1 Billion Growth Equity Fund - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

JMI Equity Raises $1 Billion Growth Equity Fund

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SOURCE JMI Equity

JMI VIII Will Continue Longstanding Strategy of Investing in and Building Market-Leading Software and Services Companies

BALTIMORE and SAN DIEGO, Aug. 20, 2014 /PRNewswire/ -- JMI Equity today announced the final closing of JMI Equity Fund VIII, L.P., a $1 billion growth equity fund. Like its predecessor funds, JMI VIII will focus on investing in leading software and services companies. With the closing of JMI VIII, JMI has raised over $3.1 billion of committed capital since its founding in 1992.

"We are pleased to announce the closing of JMI VIII," said Paul Barber, JMI Equity Managing General Partner. "We thank our limited partners who have once again entrusted us to manage their capital, and we appreciate their confidence in our team and strategy."

Over the past 22 years, JMI has invested in 115 software and services companies. Combining domain expertise and active partnership, JMI works with management teams to build market-leading businesses and create long-term shareholder value. JMI has had more than 75 portfolio company realizations since its inception.  

"With JMI VIII we will continue to pursue our strategy of investing in rapidly growing, high quality software businesses," said Harry Gruner, JMI Equity Managing General Partner and Co-Founder. "Our experience across many market and economic cycles helps us to identify and understand developing market opportunities and work with management teams to add value post investment."

JMI VIII launched officially in January 2014. The fund is the largest raised by JMI to date and was oversubscribed, with the majority of the capital coming from existing investors. JMI believes that the fund's size aligns well with the investment opportunities before it and with the interests of its limited partners. 

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

About JMI Equity

JMI Equity is a growth equity firm focused on investing in leading software and services companies.  Founded in 1992, JMI has invested in 115 businesses in its target markets and has raised more than $3.1 billion of committed capital. Combining domain expertise and active partnership, JMI works with management teams to build market-leading businesses and create long-term shareholder value.  Realized investments from JMI funds include Autotask, Axeda, BigMachines, Eloqua, Gemcom, Halogen and ServiceNow.  For more information on JMI, visit http://www.jmi.com.

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