JMI Equity
- Company typePrivate
- Founded1992
- HeadquartersBaltimore, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
JMI Equity firmographics
Firmographics- Name
- JMI Equity
- Legal name
- JMI Management, L.P.
- Website
- https://jmi.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
JMI Equity industry classification
Industry- Product category
- Private Equity / Growth Equity Investing
- NAICS
- Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Business Services (B2B) Growth Equity (FSANACAD)
- akta.pro secondary industry
- Multi-Sector / Generalist Growth Equity (FSANACAO)
Keywords
Where JMI Equity is headquartered
LocationHeadquarters
- HQ city
- Baltimore
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
JMI Equity business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Private equity fund management & capital gains: JMI earns returns primarily as a growth equity / private equity firm: it raises committed capital from limited partners (pension systems and other institutional investors), invests in software companies, and realizes returns through exits (IPOs and strategic sales). The 12th flagship fund closed at $3.1B; firmwide committed capital exceeds $11B.
- Fund commitment / LP capital deployment: Capital is pooled from LPs (e.g., US pension systems combined for $335M) and deployed as growth capital or shareholder liquidity in portfolio companies; JMI generates management fees and carries, and realizes capital gains on exits (about $5B returned to LPs across 35 exits in five years).
Go-to-market motion4 records
Distribution channels4 records
Marketing channels7 records
JMI Equity product offering
Product offeringCore offering
JMI Equity is a growth equity firm that invests $20–$500 million per company in growth-stage, North America-based B2B software and AI-driven businesses that are profitable or have a clear path to profitability. The firm raises institutional capital through a series of limited-partnership funds (currently Fund XII at $3.1B, with over $11B firmwide committed capital since 1992) and supports portfolio companies with capital, shareholder liquidity, and a value-creation platform spanning Customer Success, Marketing, Operations, Product, Sales, and Talent.
Product overview
JMI Equity is a growth equity firm, not a software product vendor; its 'product' is a series of institutional growth equity funds underwritten since 1992 and a set of value-creation services delivered to portfolio companies. The current core product is JMI Equity Fund XII ($3.1B, closed August 2025), backed by predecessor funds (Fund XI $2.4B, Fund X $1.7B, Fund IX $1.2B, and earlier vintages). JMI's value-creation platform — the Operational Excellence Group, the Operational Advisors, and the Executive Roundtables (Product & Technology, CFO, GTM, HR, CEO Summit) — sits alongside the funds as a single integrated offering. Knowledge sharing flows through JMI University, monthly webinars, and Slack channels. JMI has committed over $11 billion in capital across nearly 200 investments and 120 exits, typically investing $20–500 million per company in growth-stage B2B software and AI-driven businesses.
Differentiator
Problem solved
Functional benefit
Products and services
- JMI Equity Fund XII
- JMI Equity Fund XI
- JMI Equity Fund X
- JMI Value Creation Services
- JMI Executive Roundtables
- JMI University
- JMI Responsibility / ESG Program
Quantifiable outcome
- ~$5B returned to LPs across 35 exit deals in the past five years
- +2 more outcomes
Companies that use JMI Equity
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
JMI Equity technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature3 records
JMI Equity partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, flagship and minor.
- Bentley SystemscoreStrategic partner and co-investor with JMI Equity in SewerAI's strategic growth investment, supporting integrations with Esri ArcGIS, Trimble, and OpenGov for utility infrastructure workflows.
- vLexcoreAcquired by JMI portfolio company Clio for $1B to integrate global legal intelligence and AI into Clio's legal platform across Spain, Latin America, US, UK, Ireland, Australia, and New Zealand.
- Seismic-Highspot mergerflagshipSeismic (JMI portfolio company) announced intent to merge with Highspot in February 2026, combining sales enablement and buyer engagement platforms.
- GreenPlacescorePartnership with GreenPlaces to engage in environmentally sustainable practices and reduce JMI's carbon footprint; linked from the Responsibility page.
- ILPA (Institutional Limited Partners Association)coreJMI Equity is a signatory/partner of ILPA's Diversity, Equity & Inclusion (DIA) framework, advancing inclusivity and governance practices.
- Baltimore Family Alliance / local non-profits (Cornerstone Community Housing, Enoch Pratt Free Library, Port Discovery, YMCA of SD County, Ronald McDonald House San Diego, Daniels Music Foundation, Rady Children's Health, etc.)minorJMI supports a portfolio of local non-profit organizations through financial contributions, board involvement, charitable contributions, and volunteer service across Baltimore, Washington D.C., and San Diego communities.
Scale indicators12 records
Recent moves7 records
Expansion highlights5 records
JMI Equity competitors and assessment
Company assessmentDirect peers
- Insight Partners: Large-scale software- and tech-focused growth equity firm; directly competes with JMI for growth-stage B2B software deals with comparable check sizes and an operating/value-creation model. Frequently co-invested alongside JMI (e.g., Employee Navigator).
- TCV: Growth equity firm with a deep software and tech focus; directly comparable to JMI in check size, software vertical specialization, and growth-stage orientation. Frequently co-invests with JMI (e.g., First Due, Employee Navigator, Clio).
- Summit Partners: Multi-stage growth equity firm investing across software, tech-enabled services, and healthcare growth; comparable to JMI in target profile (profitable growth-stage software) and check size, making it a directly competitive capital provider.
- TA Associates: Growth equity firm with a long-running focus on software, tech, and tech-enabled services; comparable to JMI in stage (growth equity), check size, and software-vertical specialization.
- Accel-KKR: Growth-oriented private equity firm focused on software and tech-enabled services; directly comparable to JMI in deal profile, stage, and software-vertical depth.
- Cove Hill Partners: Growth equity firm partnering with founder-led tech and tech-enabled businesses; directly comparable in check size and stage, and has co-invested with JMI in Vantaca ($300M+ round, $1.25B valuation) and Swiftly.
Broad incumbents
- General Atlantic: Large global growth equity firm with a multi-sector mandate including software; broader than JMI but overlaps heavily in growth-stage software deals (e.g., co-invested in Benevity alongside JMI).
- Thoma Bravo: Software-focused private equity firm with both growth and buyout strategies; overlaps with JMI in vertical and horizontal software but operates at a larger AUM and broader fund structure.
- Vista Equity Partners: Software-exclusive private equity firm with a strong operating model; overlaps with JMI in software-only mandate and operational value creation but operates at a much larger scale across both growth and buyout stages.
Emerging players
- Bessemer Venture Partners: Long-running venture and growth equity firm with a strong cloud/SaaS franchise; comparable in software focus but generally earlier-stage than JMI, with some overlap in growth rounds.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
JMI Equity social profiles
Digital presenceJMI Equity financial estimates
Financial estimateRevenue estimate
Valuation estimate
JMI Equity leadership team
Management profileNumber of profiles
Profiles20 records
JMI Equity subsidiaries and ownership
Company hierarchySubsidiaries5 records
JMI Equity funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
JMI Equity M&A and investment
M&A and investmentM&A
Investments190 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about JMI Equity
What does JMI Equity do?
JMI Equity is a growth equity firm that invests $20–$500 million per company in growth-stage, North America-based B2B software and AI-driven businesses that are profitable or have a clear path to profitability. The firm raises institutional capital through a series of limited-partnership funds (currently Fund XII at $3.1B, with over $11B firmwide committed capital since 1992) and supports portfolio companies with capital, shareholder liquidity, and a value-creation platform spanning Customer Success, Marketing, Operations, Product, Sales, and Talent.
Is JMI Equity a public or private company?
JMI Equity is a private company. It is classified as management employee owned and is currently operating.
When was JMI Equity founded?
JMI Equity was founded in 1992. It employs 101 to 250 people.
Where is JMI Equity based?
JMI Equity is headquartered in Baltimore, United States, in the North America region.
How does JMI Equity make money?
Two revenue lines are on record. Private equity fund management & capital gains are the primary driver. The others are fund commitment / LP capital deployment.
Who are JMI Equity's main competitors?
Direct peers on record are Insight Partners, TCV, Summit Partners, TA Associates, Accel-KKR and Cove Hill Partners. Broad incumbents are General Atlantic, Thoma Bravo and Vista Equity Partners. Bessemer Venture Partners is listed as an emerging player.
Does JMI Equity have an API?
No public API is recorded for JMI Equity.
What industry is JMI Equity in?
JMI Equity's product category is Private Equity / Growth Equity Investing. Its primary akta.pro industry code is FSANACAD, Business Services (B2B) Growth Equity, with a secondary code of FSANACAO, Multi-Sector / Generalist Growth Equity. Its NAICS code is 52394 and its SIC code is 6282.