JMI Raises $938M For Latest P.E. Fund

Aug 5 2014 | 10:12am ET

Baltimore, MD-based JMI Equity has raised $938 million for its latest private equity fund.

Most of the $970 million offered through the JMI Equity Fund VIII-A (which carries a minimum investment of $25,000) and the JMI Equity Fund VIII-B (which carries a minimum investment of $200,000) has been sold, according to regulatory filings.

Capital commitments to the parallel funds include $30 million from JMI and, when all LP interests have been sold, will total $1 billion.

Founded in 1992, Baltimore-based JMI Equity is a growth equity firm focused on investing in leading software, internet, business services and healthcare IT companies. As of March 31, 2014, its regulatory assets under management were $1.6 billion.

A spokesman for JMI declined to comment on the new fund.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...