Friday, 19 December 2014
Last updated 10 hours ago
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.