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CIBC Innovation Banking Provides JMI Equity a Capital Call Line of Credit

March 10, 2021, 07:00 AM

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 (“JMI”) 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 over $6 billion of committed capital and continues to invest in software companies with proven business models, rich intellectual property, high recurring revenue, and long-term growth potential. The firm has completed over 155 investments, over 105 exits, and 19 IPOs. Typical investments range from $20 million to $200 million with flexibility in size, form, and structure of investments.

“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.” said Tej Sahi, Managing Director, in CIBC Innovation Banking’s New York office.

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