JMI Equity Closes $875M Fund

JMI Equity, a Baltimore, MD, and La Jolla, CA-based growth equity firm that invests in software, internet, business services and healthcare IT companies, closed an $875m fund.
JMI Equity Fund VII, L.P. will continue the company’s longstanding investment strategy of providing capital to fund growth, acquisitions, recapitalizations and buyouts. The new vehicle will invest primarily in North American companies, targeting equity investments of $10m to $100m each.
Founded in 1992, JMI Equity has invested in over 100 businesses including Blackbaud, DoubleClick, Eloqua, Navicure, Nimsoft and Service-now.com.
FinSMEs
30/11/2010

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