CIBC Innovation Banking co-led a capital call facility to JMI Equity’s latest fund, JMI Equity Fund X. The capital call facility provides JMI Equity with the flexibility to make investments in portfolio companies and call capital less frequently from the fund’s limited partners.
Since the firm’s founding in 1992, JMI has raised more than $6 billion of committed capital and continues to invest in software companies. The firm has completed more than 155 investments, more than 105 exits and 19 IPOs. Typical investments range from $20 million to $200 million.
“We are pleased to provide JMI with a capital call facility for JMI Equity Fund X. Our team is looking forward to working with JMI as it continues its growth trajectory.” Tej Sahi, managing director in CIBC Innovation Banking’s New York office, said.
