Software-focused JMI hits hard cap at $1.7bn

Growth equity firm JMI Equity closed its tenth fund at $1.7 billion, receiving strong support from state pension funds, sovereign wealth funds, family offices, endowments and foundations.

JMI Equity Fund X in reaching its hard cap, brought the firm’s total committed capital since 1992 to more than $6 billion, officials said in a release.

“With the strong support of our investors, we have secured the optimal amount of capital to execute our investment strategy over the next few years,” Harry Gruner, founder and managing general partner of JMI. “We are humbled and thank . . .

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