# JMI Equity: A Search-Fund Exit Buyer

Growth equity for software companies, and the buyer in one of the search world's best-documented exits: it took a school-safety platform off a searcher who had run it for six years.

- Website: https://www.jmi.com/

Also on this site: https://searchspheresource.com/buyers/exit
Source: https://searchspheresource.com/buyers/exit/jmi-equity
Not dated: These rows date a purchase to a YEAR. A year padded to January the first invents a precision nobody measured.

## Who They Are

JMI Equity is a growth equity firm founded in 1992, investing from San Diego, Washington, DC, and Baltimore. By its own account it has raised over $11 billion of committed capital, completed nearly 200 investments with about 120 exits, and writes $20 million to $500 million into software and AI-driven companies with proven business models, rich intellectual property, and high recurring revenue.

For a searcher who buys and builds software, JMI is what the far end of the road can look like: its purchase of Raptor Technologies, a search-fund success in school-safety software, is the record on this page. A conversation with a growth firm like it runs on the metrics its own pages name: recurring revenue quality, retention, and a management team it can back for the next leg. That is a different meeting from a lender's, and worth preparing for as one.

## The Exits They Bought

Each row is a company a searcher built, with the year of the exit and the sources that establish both halves: the buyer's own announcement, and the record showing the company was searcher-owned.

### Raptor Technologies (2018)

Jim Vesterman's Liberty Place Capital search fund acquired Raptor in 2012; the 2018 sale to JMI returned a reported 13.5x to his search investors, and the company later traded onward at a reported $1.8B valuation.

- Source: https://www.jmi.com/raptor-technologies-receives-strategic-growth-investment-from-jmi-equity/
- Source: https://www.pacificlake.com/companies/raptor-technologies

Site index for machines: https://searchspheresource.com/llms.txt