From Financialpost · · 1m 20s
Niobrara Capital Partners Closes $1.5 Billion Founders Fund
Niobrara Capital Partners closes inaugural founders fund with over $1.5 billion in committed capital, exceeding fundraising targets by 50%.
In brief
Niobrara Capital Partners closes inaugural founders fund with over $1.5 billion in committed capital, exceeding fundraising targets by 50%. Niobrara Capital Partners closed its first founders fund with over $1.5 billion in committed capital, exceeding its target by 50% with support from institutional investors…
Niobrara Capital Partners
Niobrara Capital Partners is a New York-based private equity firm focused on investing in business-to-business technology and tech-enabled services companies.
Fund Close Announcement
Niobrara announced the successful final close of Niobrara Founders Fund L.P. with total committed capital of over $1.1 billion, including related co-investment vehicles totaling over $1.5 billion.
Fund Strategy
The Fund partners with corporates, exceptional founders, and management teams to scale businesses in the B2B technology ecosystem by investing in middle-market companies that benefit from key technology megatrends.
Chip Schorr's Statement
Chip Schorr, Managing Partner, said the team exceeded fundraising targets in a challenging market, expressing gratitude for Limited Partners' support and confidence in their differentiated model.
Mike Pompeo's Statement
Mike Pompeo, a Niobrara partner, expressed excitement about the Firm's launch, noting growing investment portfolio and pipeline, with a focus on delivering strong returns through transformational growth.
Next Steps
Niobrara will continue deploying capital to back strong B2B technology businesses and work with management teams to achieve strategic goals, with Davis Polk & Wardwell serving as legal advisor.
The short version
Niobrara Capital Partners closed its first founders fund with over $1.5 billion in committed capital, exceeding its target by 50% with support from institutional investors.
