United States · 
What does JMI Equity invest in?
JMI Equity invests most often at Venture and Series B (44% of the rounds on record), in sectors such as Subscription, Software and SaaS.
JMI Equity highlights
- 01
6 cheques in the last 12 months
- 02
Mostly Venture and Series B: 44% of its rounds
- 03
Sole investor in 24 rounds, median $40M
- 04
19 exits from the portfolio
What they do
Filed 1 private fund offering with the SEC, the most recent in 2022-12From their own website
- Type
- Private equity (from a list, unverified)
- Cheque size
- Not stated
- Stages
- SeedSeries ASeries BGrowthPre-IPO
- Sectors
- SubscriptionSoftwareSaaS
- Based in
- Washington, United States
- Cold pitches
- Not stated
The record
Every round we can evidence, newest first116 appearances
- 2026
5 rounds
- Sept
- Jun
- May
- May
- Apr
- 2025
11 rounds
- Nov
- Oct
- Sept
- Sept
- Aug
- Aug
- Aug
- Jul
- May
- May
- Jan
- 2024
5 rounds
- Oct
- Jul
- Jun
- Jun
- Feb
- 2023
3 rounds
- Aug
- Mar
- Mar
- 2022
2 rounds
- Jun
- Mar
- 2021
8 rounds
- Dec
- Oct
- Sept
- Jul
- Jun
- May
- Mar
- Jan
- 2020
2 rounds
- Jul
- Apr
- 2019
5 rounds
- Oct
- Sept
- Feb
- Jan
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
The team
Named by the firm itself, on a filing, its Form ADV or its company registration20 named
BJBiswajit J. SinhaManaging memberiFiling they signed
BJBrian J. HersmanManaging Member of the Managing MemberiFiling they signed
CTCharles T. DieveneyManaging memberiFiling they signed
CTChase ThometManaging memberiFiling they signed
DMDavid M GreenbergManaging Member of the Managing MemberiFiling they signed
DWDavid WilliamsManaging memberiFiling they signed
HSHarry Siegfried GrunerManaging Member of the Managing MemberiFiling they signed
KRKathy R. FieldsManaging memberiFiling they signed
LVLarry V ContrellaManaging Member of the Managing MemberiFiling they signed
LMLindsay Mccrory MontiChief Compliance Officer, General CounseliForm ADV
MSMaggie SchmittManaging memberiFiling they signed
MRMatthew R. EmeryManaging Member of the Managing MemberiFiling they signed
MTMegan Taylor SchmittPartner, Chief Financial OfficeriForm ADV
PVPaul V. BarberManaging Member of the Managing MemberiFiling they signed
PCPeter Chartrand ArrowsmithManaging General Partner, Vice PresidentiForm ADV
RERandy E GuttmanGeneral Partner, Chief Operating OfficeriForm ADV
RFRobert F. SmithManaging memberiFiling they signed
RPRobert P. Nye IVManaging Member of the Managing MemberiFiling they signed
SPSuken P. VakilManaging Member of the Managing MemberiFiling they signed
SPSureel P ShethManaging Member of the Managing MemberiFiling they signed
We also hold 41 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
What the register says
From the firm's own filings with the SEC, which it must file accurately by law
$14Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
- Legal name
- JMI Management, L.P.
- SEC number
- CRD 158344
Funds on its Form ADV
16 private funds, $8.7B in gross assets · filed Mar 2024
Private equity 14Venture 2
- JMI Equity Fund XI-A, L.P.Private equity180 investors$1.4B
- JMI Equity Fund X-A,l.p.Private equity147 investors$1.3B
- JMI Equity Fund IX-A, L.P.Private equity98 investors$1.2B
- JMI Equity Fund XI-B, L.P.Private equity147 investors$1.1B
- JMI Equity Fund X-B, L.P.Private equity79 investors$779M
- JMI Extended Value Fund, L.P.Private equity96 investors$771M
- JMI Equity Fund VIII-A, L.P.Private equity100 investors$640M
- JMI Equity Fund IX-B, L.P.Private equity50 investors$552M
- JMI TIME Aggregator, L.P.Private equity28 investors$273M
- JMI Disrupt Aggregator, L.P.Private equity7 investors$218M
And 6 more on the filing.
Who backs their funds
1 LP on record in JMI Equity's funds
- Committed
- $665M
- Funds
- 5
- Vintages
- 2011 to 2023
The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2025.
- California State Teachers Retirement System5 funds$665M
Fund Vintage Committed JMI Equity Fund XI A 2023 $225M JMI Equity Fund X A 2021 $170M JMI Equity Fund IX-A 2019 $120M JMI Equity Fund VIII 2015 $100M JMI Equity Fund VII 2011 $50M
Exits from the portfolio
Companies it backed that were later bought or listed19 in all
UndertoneBought by Perion$180MDec 2015
Capsule TechBought by Qualcomm IncorporatedUndisclosedSept 2015
Studer GroupBought by Huron Consulting Group$325MJan 2015
AirClicBought by Descartes Systems Group$30MNov 2014
AxedaBought by Parametric Technology (PTC)$170MJul 2014
Harmony Information SystemsBought by Mediware Information SystemsUndisclosedJun 2014
AutotaskBought by Vista Equity PartnersUndisclosedJun 2014
ClickSquaredBought by Zeta InteractiveUndisclosedJan 2014
BigMachinesBought by Oracle Corporation$400MOct 2013
EloquaBought by Oracle Corporation$871MDec 2012
iContactBought by Vocus$169MFeb 2012
AptelaBought by VocalocityUndisclosedAug 2011
UnicaBought by IBM (International Business Machines)$480MOct 2010
IntellitacticsBought by Trustwave HoldingsUndisclosedMar 2010
ApplimationBought by Informatica$40MFeb 2009
Managed ObjectsBought by Novell$45MOct 2008
Dirig SoftwareBought by ASGUndisclosedFeb 2004
Astrum SoftwareBought by EMCUndisclosedApr 2003
An exit counts when it came after the firm's first round in the company. From historical deal records.