JMI Equity, a private equity firm focused on investing in software companies, has promoted chief financial officer Maggie Schmitt to partner.

Schmitt, who is based in Baltimore, will continue to be CFO along with the new partner designation. Schmitt joined JMI in 2009 and, as the firm’s CFO since December 2020, oversees JMI’s accounting, finance, tax and treasury functions. Prior to joining JMI, Schmitt was an auditor in the audit and enterprise risk services practice at Deloitte & Touche.