JMI Equity has closed its twelfth flagship fund, securing $3.1 billion in capital commitments.
Why it matters: The successful fundraise reflects strong investor confidence in JMI Equity’s strategy and the firm’s ability to identify and support high-growth B2B software companies, particularly those leveraging AI technologies.
The details:
- Fund XII brings JMI’s total commitments to over $11 billion since its founding in 1992.
- The firm specializes in growth equity investments, typically investing between $40 million and $400 million in selected companies across North America.
- Over the past 30 years, JMI has invested in more than 190 companies and successfully exited over 120, generating significant returns and distributing $11 billion to its partners.
JMI Equity’s managing partner, Peter Arrowsmith, expressed confidence in the substantial investment opportunities within B2B software companies driven by the rise of AI technologies.
What they’re saying:
- “We are strong believers that AI will continue to increase the already large investment opportunity in B2B software companies,” said Peter Arrowsmith, Managing Partner at JMI Equity.
- “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,” Arrowsmith added.
“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,” Arrowsmith noted.
What’s next: With the successful close of Fund XII, JMI Equity is well-positioned to continue partnering with and supporting the next generation of innovative software companies, particularly those harnessing the power of AI to drive growth and market expansion.
