{
  "crd_number": 158344,
  "slug": "jmi-management-l-p-baltimore-md-158344",
  "primary_business_name": "JMI MANAGEMENT, L.P.",
  "legal_name": "JMI MANAGEMENT, L.P.",
  "dbas": [
    "JMI EQUITY"
  ],
  "city": "Baltimore",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "12580",
  "metro": {
    "cbsa_code": "12580",
    "common_name": "Baltimore",
    "msa_name": "Baltimore-Columbia-Towson, MD",
    "path": "/advisors/md/baltimore"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-06-09",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-06-04",
  "carried_forward": false,
  "raum_total": 13575137860.0,
  "raum_discretionary": 13575137860.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 81,
  "advisory_employees": 44,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 13575137860.0,
      "count": 20
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "DC",
    "MD"
  ],
  "websites": [
    "https://jmi.com",
    "https://linkedin.com/COMPANY/JMI-EQUITY"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158344",
  "city_as_filed": "BALTIMORE",
  "url": "https://advisorcensus.com/firm/jmi-management-l-p-baltimore-md-158344",
  "display_name": "JMI Management, L.P.",
  "summary": "JMI Management, L.P. is an SEC-registered investment advisory firm in Baltimore, MD, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 4, 2026.",
  "citation": "AdvisorCensus. JMI Management, L.P. (CRD 158344): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is JMI Management, L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), JMI Management, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is JMI Management, L.P. located?",
      "a": "JMI Management, L.P.'s principal office is in Baltimore, MD, according to its Form ADV; the July 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is JMI Management, L.P. registered with the SEC or a state?",
      "a": "JMI Management, L.P. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 158344."
    },
    {
      "q": "How much does JMI Management, L.P. manage?",
      "a": "JMI Management, L.P. reports $13,575,137,860 in regulatory assets under management in its Form ADV filing dated June 4, 2026 (100% discretionary)."
    },
    {
      "q": "How have JMI Management, L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for JMI Management, L.P.: Regulatory assets under management: $5,777,095,297 in the October 2021 data and $13,575,137,860 in the October 2026 data, up 135%. Total employees: 50 in October 2021 and 81 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does JMI Management, L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (20)."
    },
    {
      "q": "Does JMI Management, L.P. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/158344"
    },
    {
      "q": "What changed in JMI Management, L.P.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 42 to 44. Regulatory assets under management went from $9,483,668,766 to $13,575,137,860 (+43%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 5777095297.0,
      "total_employees": 50,
      "filing_date": "2021-03-16"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 7518634375.0,
      "total_employees": 54,
      "filing_date": "2022-04-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 8091012517.0,
      "total_employees": 63,
      "filing_date": "2023-03-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 8696716084.0,
      "total_employees": 71,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 9483668766.0,
      "total_employees": 74,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 13575137860.0,
      "total_employees": 81,
      "filing_date": "2026-06-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 42 to 44.",
        "Regulatory assets under management went from $9,483,668,766 to $13,575,137,860 (+43%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/jmi-management-l-p-baltimore-md-158344.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 20,
      "fewer_than_5": false,
      "raum": 13575137860.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158344",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}