JMI Equity Closes $875M Fund

San Diego- and Baltimore-based private equity firm JMI Equity said today that it has closed on a $875M fund, JMI Equity Fund VII, L.P. JMI Equity said the new fund brings its to a total of $2.1 billion in committed capital. The fund said that JMI VII will continue to focus on providing capital to fund growth, acquisitions, recapitalizations and buyouts, investing between $10M to $100M in each of its investments. The firm was advised by Goodwin Procter LLP in the new fund.