JMI Equity, a private equity firm focused on investments in the software and business services industries, today announced the closing of its fifth fund, JMI Equity Fund V, L.P. (JMI V) with $300 million of committed capital. JMI V will continue the successful strategy of JMI's predecessor funds of investing in growing software and business services companies across all stages of a company's lifecycle. JMI V brings the firm's total capital under management to approximately $700 million.
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JMI Equity
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JMI Equity, based in Baltimore and San Diego, is a private equity firm exclusively focused on investments in the software and business services industries. Founded in 1992, JMI has invested in over 60 companies throughout North America and has approximately $700 million of capital under management. JMI invests in growing businesses. The firm's focus is on providing the first institutional capital to self-funded companies. JMI also invests in select recapitalization and management buyout financings. Representative investments include Unica Corporation, Blackbaud, Inc., NEON Systems, Inc., META Group, Inc., Jackson Hewitt, Inc., Transaction Systems Architects, Inc., Control Point Solutions, Inc., NetPro Computing, Inc., Network Intelligence Corporation and Panorama Software, Ltd.
NOTE
Since its founding in 1992, JMI Equity has invested in over 60 software and business services companies across North America. Approximately half of all of JMI's investments have completed initial public offerings or strategic sales. The firm typically invests between $5 million and $20 million per investment. JMI V will be managed by six general partners from its offices in Baltimore, Md. and San Diego, Calif.
JMI V is participating in the pending $1.1 billion buyout of DoubleClick, Inc. (DCLK), the leading provider of data and technology solutions for marketers, advertising agencies and web publishers. The transaction, which is being led by Hellman & Friedman, LLC, is expected to close in the third quarter of 2005.
