# 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%.
- Title: Niobrara Capital Partners Closes $1.5 Billion Founders Fund
- Summary: Niobrara Capital Partners closes inaugural founders fund with over $1.5 billion in committed capital, exceeding fundraising targets by 50%. Niobrara Capital…
- Keywords: niobrara capital partners, founders fund, private equity, b2b technology, committed capital, institutional investors, money, business, Niobrara, Capital, Partners, Closes
- Source: Financialpost — https://financialpost.com/pmn/business-wire-news-releases-pmn/niobrara-capital-partners-closes-inaugural-founders-fund-and-related-vehicles-with-over-1-5-billion-in-committed-capital
- Read time: 1 min
- Topics: niobrara capital partners, founders fund, private equity, b2b technology, committed capital, institutional investors, money, business
## 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.
## Key takeaway

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.