JMI Will Continue its Multi-Stage Investment Strategy Exclusively Focused on Growing Software and Business Services Companies BALTIMORE and SAN DIEGO, July 27 /PRNewswire/ -- JMI Equity, a privateequity firm exclusively focused on providing growth capital to software andbusiness services companies, today announced the closing of its sixth fund,JMI Equity Fund VI, L.P. (JMI VI) with $600 million of committed capital.JMI, which now has approximately $1.3 billion of committed capital undermanagement, will continue providing the first institutional capital toself- funded companies, partnering with management teams to acquire orrecapitalize market leading companies and selectively making investments inearly-stage companies. "We are extremely pleased with the continued support from our long-standing investors as well as the substantial interest from new investors,"said Harry Gruner, General Partner and Co-Founder of JMI. "We continue toidentify attractive opportunities where we can partner with entrepreneursat market leading companies to help grow their businesses rapidly." "We have benefited from JMI's focused, multi-stage investment approachand we are pleased to be a part of JMI VI," said James R. Chambliss,Director at Pathway Capital Management, L.L.C. "JMI has a talentedinvestment team that understands the software and services industries well.We are excited to have the opportunity to continue our relationship withthem." The General Partners for JMI VI are Mr. Gruner, Peter Arrowsmith, PaulBarber, Bob Smith and Brad Woloson, as well as Chuck Dieveney, who wasrecently appointed as a General Partner and will continue to serve as JMI'sChief Financial Officer. With the help of JMI's 15 additional investmentprofessionals, the General Partners will seek to make investments of $10million to $50 million in growing software and business services companies.JMI VI made its first investment earlier this month when it co-led therecapitalization of Appriss, Inc., a leading provider of softwareapplications to local, state and Federal criminal justice and lawenforcement agencies. The investors in JMI VI include leading public and private pensionfunds, fund of funds, endowments, foundations and financial institutions. Goodwin Procter LLP served as legal counsel in the formation of JMI VI. About JMI Equity JMI Equity, based in Baltimore and San Diego, is a private equity firmexclusively focused on investments in growing software and businessservices companies at all stages of their lifecycles. Founded in 1992, JMIhas invested in more than 85 companies throughout North America and hasapproximately $1.3 billion of committed capital under management. JMIprovides the first institutional capital to self-funded companies, partnerswith management teams to acquire or recapitalize market leading companiesand selectively makes investments in early-stage companies. Representativeinvestments include Blackbaud, DoubleClick, DriveCam, Jackson Hewitt,Mission Critical Software, NEON Systems, Transaction Systems Architects,Unica Corporation and Vertafore. For more information on JMI Equity, visit
JMI Equity Closes $600 Million Private Equity Fund
August 08, 2007, 1:05 a.m. EDT 2 Min Read
