JMI Equity has held a final close of JMI Equity Fund IX at $1.2 billion, exceeding its $1.1 billion target. The fund will pursue a strategy of investing in high-growth software companies, creating shareholder value through value creation strategies.
Investments will range from $15 million to $100 million in growing enterprise software companies. These companies will typically have between $10 million to $200 million in revenue at investment.
Proskauer Rose served as legal counsel during the fund’s formation.