JMI Equity closes 12th flagship fund

JMI Equity, a growth equity software investor, announced the first and final close of JMI Equity Fund XII, which was “significantly oversubscribed” and capped at $3.1 billion. The Fund closed approximately four months after its launch in March. JMI XII brings the Firm’s total capital commitments to more than $11 billion.

JMI partners with high-growth, high-quality B2B software companies, primarily throughout North America. The Firm makes both minority and majority shareholder investments across sectors, including education, finance, insurance, legal services, healthcare IT, government, security, and more. JMI XII will target investments ranging from approximately $40 million to $400+ million.

Since its founding in 1992, JMI has invested in more than 190 software companies and completed more than 120 exits totaling $11 billion in distributions.

Some of its insurance portfolio companies include Applied Systems, Vertafore, and Arrowhead.

“The demand for JMI XII reflects continued conviction in JMI’s founding strategy. We’re grateful for the support of our new investors and those who have invested with us for many years. JMI’s singular focus on growth-stage software throughout our 33-year history provides us with deep experience across sectors, market environments, and innovation cycles, particularly relevant in the evolving AI landscape. We’re eager to harness this on behalf of our investors and portfolio companies as we partner with the next generation of software companies along their journeys to become industry leaders.” – Peter Arrowsmith, Managing Partner, JMI Equity.