5 days ago
- Business
- Wall Street Journal
JMI Equity Quickly Wraps Up $3.1 Billion Fund for Software Deals
Software-focused private-equity firm JMI Equity has raised a quick $3.1 billion for its 12th main fund, the firm's first since it completed a leadership transition.
The firm wrapped up JMI Equity Fund XII in less than six months, with the fund closing on 29% more capital than its $2.4 billion predecessor. Almost all of the investors that backed the previous fund pledged commitments to the new vehicle, according to Managing Partner Peter Arrowsmith.
