JMI XII continues Firm’s 33-year track record investing exclusively in growth-stage software

Firm announces three promotions

JMI Equity (“JMI” or the “Firm”), a leading growth equity software investor, today announced the first and final close of JMI Equity Fund XII (“JMI XII” or the “Fund”), which was significantly oversubscribed and capped at $3.1 billion. The Fund closed approximately four months after its launch in March. JMI XII brings the Firm’s total capital commitments to more than $11 billion.

“The demand for JMI XII reflects continued conviction in JMI’s founding strategy. We’re grateful for the support of our new investors and those who have invested with us for many years,” said Peter Arrowsmith, Managing Partner. “JMI’s singular focus on growth-stage software throughout our 33-year history provides us with deep experience across sectors, market environments, and innovation cycles, particularly relevant in the evolving AI landscape. We’re eager to harness this on behalf of our investors and portfolio companies as we partner with the next generation of software companies along their journeys to become industry leaders.”

JMI partners with high-growth, high-quality B2B software companies, primarily throughout North America. The Firm makes both minority and majority shareholder investments across sectors, including education, finance, insurance, legal services, healthcare IT, government, security, and more. JMI XII will target investments ranging from approximately $40 million to $400+ million.

In conjunction with this milestone, JMI also announced the promotions of three members of its team: Preston Horner and Andy Knox to Principal, and Will Priestley to Vice President. Arrowsmith added, “These promotions reflect this cohort’s valuable contributions to our portfolio companies, limited partners, and our firm.”

Since its founding in 1992, JMI has invested in more than 190 software companies and completed more than 120 exits totaling $11 billion in distributions.

Proskauer Rose LLP served as legal counsel in the formation of JMI XII.

About JMI Equity

Founded in 1992, JMI Equity is a leading growth equity software investor based in the greater DC area and San Diego. With a focus on software companies, JMI has collaborated with countless entrepreneurs, founder-owners, and management teams, investing in more than 190 companies since its inception. To date, the Firm has completed more than 120 exits and facilitated 19 IPOs. As of June 30, 2025, JMI’s portfolio of industry-leading cloud software companies represents $10 billion in combined revenue, $84 billion in aggregate enterprise value, and over 38,000 jobs. For more information, visit: www.jmi.com.

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