BALTIMORE, MD – JMI Equity, a venture capital firm that specializes in backing software and business services companies, is raising a 7th fund, according to a filing with the U.S. Securities and Exchange Commission. The filing does not disclose a fund amount.

JMI’s $600 million Fund VI launched in 2007.

Founded in 1992, JMI has invested in more than 85 companies throughout North America and has approximately $1.3 billion of committed capital under management. Its portfolio includes Blackbaud, DoubleClick, DriveCam, Jackson Hewitt, Mission Critical Software, NEON Systems, Transaction Systems Architects, Unica Corporation and Vertafore.

Typical JMI investments range from $10 million to $60 million. For larger transactions, it sometimes leverages its large base of Limited Partners, many of whom have the ability to make sizeable co-investments alongside JMI. It limited partners include public and private pension funds, fund of funds, endowments, foundations and financial institutions.

The company also has an office in San Diego, CA.

Contact Tech Journal South Editor and writer Allan Maurer:  Allan at TechJournalSouth dot com.

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Tags: Baltimore, business services, JMI Equity 7th fund, MD, software