Wednesday, 27 May 2015
Last updated 10 min 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.
May 27 2015 | 2:15pm ET
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