JMI Equity Closes $875 Million Growth Equity Fund

JMI VII Will Continue Firm's Sector-Focused Growth Equity Investment Strategy

Nov 30, 2010, 06:00 ET from JMI Equity

BALTIMORE and SAN DIEGO, Nov. 30, 2010 /PRNewswire/ -- JMI Equity, a growth equity firm that invests in leading software, internet, business services and healthcare IT companies, today announced the closing of JMI Equity Fund VII, L.P. (JMI VII), an $875 million fund.  With the closing of JMI VII, JMI Equity has successfully raised over $2.1 billion of committed capital since its founding in 1992.

"We are pleased to announce the closing of JMI VII," said Harry Gruner, JMI Equity Managing General Partner and Co-Founder.  "In this very challenging fundraising environment, we are grateful for the continued support of our longstanding investors, as well as the substantial interest from new investors.  We thank our limited partners who have once again entrusted us to manage their capital, and we appreciate their confidence in our strategy and team."

Since 1992, JMI Equity has invested in more than 100 businesses in its target markets.  Through JMI VII, JMI Equity will continue its longstanding investment strategy of providing capital to fund growth, acquisitions, recapitalizations and buyouts.  The new fund will invest primarily in North American companies, targeting equity investments of $10 million to $100 million each.

"Our core focus is to partner with exceptional management teams of leading growth companies to help build their businesses into industry leaders," said Paul Barber, JMI Equity Managing General Partner.  "With JMI VII, we will continue to pursue the same focused strategy that we have successfully employed for the last 18 years."

Goodwin Procter LLP served as legal counsel in the formation of JMI VII.  

About JMI Equity

JMI Equity is a growth equity firm focused on investing in leading software, internet, business services and healthcare IT companies.  Founded in 1992, JMI Equity has invested in more than 100 businesses in its target markets and has over $2.1 billion of committed capital under management.  JMI Equity provides capital for growth, recapitalizations, acquisitions and buyouts. Representative investments include Blackbaud, DoubleClick, Eloqua, Navicure, Nimsoft and  For more information on JMI Equity, visit

This announcement appears as a matter of record only.  These securities have not been registered under the U.S. Securities Act of 1933 and unless so registered may not be offered or sold except pursuant to an exemption from or in a transaction not subject to the registration requirements of the Securities Act.  These securities were offered and sold only to accredited investors.