Niobrara Capital Partners has closed its inaugural Founders Fund and related vehicles with more than $1.5 billion in committed capital.
Niobrara Founders Fund and its parallel funds closed with more than $1.1 billion of commitments.
Including related co-investment vehicles, total committed capital exceeds $1.5 billion.
The Founders Fund exceeded its fundraising target by approximately 50%.
New York-based Niobrara focuses on middle-market business-to-business technology and technology-enabled services companies.
The firm targets businesses it identifies as first- or second-derivative beneficiaries of major technology trends and works with founders, corporate partners and management teams to scale those companies.
Niobrara said it recently completed its fourth platform investment and continues to expand its investment pipeline.
The firm plans to deploy the fund across B2B technology companies where it believes operational improvement, strategic development and transformational growth can create durable market leaders.
Davis Polk & Wardwell served as legal adviser to the fund.
KEY QUOTES:
“The entire Niobrara team would like to thank our exceptional Limited Partners for their support and partnership. In a challenging fundraising market, we significantly exceeded our Fund target. We are humbled by their trust, which validates our differentiated model and the deep experience of our team. We believe that we are now well-positioned to continue deploying capital, backing strong B2B technology businesses and working alongside our management team partners to help them achieve their strategic goals.”
Chip Schorr, Managing Partner of Niobrara Capital Partners
“We are very excited that our Firm’s launch has been so well received. Our investment portfolio is growing with the recent closing of our fourth platform investment, and our pipeline continues to scale. We’ll strive to deliver strong returns for our Limited Partners by continuing to drive transformational growth, performance improvement and strategic value across our expanding portfolio.”
Mike Pompeo, Partner at Niobrara Capital Partners
