JMI Equity has announced the final close of its oversubscribed Fund XII, securing $3.1 billion in capital commitments and raising its total commitments to over $11 billion since its founding in 1992. The firm specializes in growth equity investments in high-growth business-to-business (B2B) software companies across North America, investing between $40 million and $400 million in selected firms.
Over the past 30 years, JMI has built a reputation for supporting innovation, completing investments in over 190 companies and successfully exiting more than 120, generating significant returns and distributing $11 billion to partners.
Alongside the fund’s close, JMI announced key promotions within its team: Preston Horner and Andy Knox have been elevated to Principal, while Will Priestley is now Vice President. These promotions reflect the firm’s commitment to leadership development and excellence in investment execution, positioning JMI as a premier partner for software companies seeking accelerated growth and market expansion.
Counsel: Proskauer Rose served as legal counsel in the formation of JMI XII.
KEY QUOTE:
“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. 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. We’re eager to harness this on behalf of our investors and portfolio companies as we partner with the next generation of software companies along their journeys to become industry leaders.”
Peter Arrowsmith, Managing Partner
