JMI Equity related stories
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GP Profile: Small Juggernaut attracts big interestThe Los Angeles County Employee Retirement Association does not commit to many small or lower middle-market managers. In fact, small buyouts represent only a little more than one-twentieth of its buyout portfolio’s total market value.
JMI Equity promotes three to GPJMI Equity has promoted Matt Emery, David Greenberg and Bob Nye to general partner. The appointments become effective immediately. Prior to joining JMI, Emery worked at Thomas Weisel Partners where he served as an analyst while Greenberg was an associate at Cascadia Capital and an analyst at Houlihan Lokey. And, before he came to JMI, Nye worked at Bates White where he was a consultant.
- Juggernaut Capital powers toward final close in Q1
Juggernaut Capital Partners will likely hold a final close on its third flagship fund in the first quarter, according to a limited partner memo obtained by Buyouts.
- JMI Equity leads $20 mln round for Seismic
Seismic, a provider of sales enablement solutions, has raised $20 million in Series B funding. JMI Equity led the round with participation from other investors that included Sigma West. In conjunction with the funding, Peter Arrowsmith, a general partner at JMI, has been added to Seismic’s board of directors.
Ohio pension sees gains from Top Tier, EssexThe state pension fund's venture portfolio’s focus on secondaries and funds of funds appears to have paid off.
Descartes Systems buys venture-backed Airclic for $29.7 mlnDescartes Systems Group has acquired Airclic Inc, a provider of mobile solutions that help companies reduce the cost of delivering goods by automating traditional paper-based processes. The acquisition was priced at US$29.7 million. Descartes, a Canadian provider of on-demand, software-as-a-service solutions, said the deal adds vertically-focused mobile capabilities to its fleet management platform. Based in Trevose, Pennsylvania, Airclic was founded in 1999 and has been venture-backed since 2000. Its investors include U.S. private equity and venture capital firms JMI Equity, New Venture Partners and Zon Capital Partners.
- Louisiana Teachers’ commits $350m to private equity
Hamilton Lane will allocate to five funds on behalf of the pension
From West Coast springs far more than tech dealsSilver Lake may be known more for its technology buyouts, but one of the San Francisco firm’s biggest recent falls into a different category altogether.Teaming up with its platform company William Morris Endeavor, Silver Lake bought sports marketing and talent management firm IMG Worldwide for $2.3 billion late last year. Jim Davidson, Silver Lake managing partner, recently hailed the acquisition as a way to harness IMG’s stable of authors, athletes and other stars that generate popular entertainment and content.
Growth equity an eclectic mix at Hawaii ERS: VCJThe growth equity portfolio at the Hawaii Employees’ Retirement System is an eclectic mix of small-scale later stage funds and massive multi-billion capital pools with a broad, balanced approach. Results are reasonably good.
Fund performance: Growth equity an eclectic mix at Hawaii ERSFunds from JMI, Weston top portfolio