Bertram Capital backs Percopo Coatings as fifth Ignite fund platform

Private equity firm Niobrara Capital Partners has successfully closed its inaugural fund, known as the Niobrara Founders Fund, along with related investment vehicles, amassing more than $1.5 billion in committed capital. This figure surpasses the firm's initial fundraising target by 50%. Niobrara Founders Fund secured over $1.1 billion at final close, with additional commitments from co-investment vehicles pushing the total commitments to more than $1.5 billion.

The firm specializes in investing in middle-market business-to-business technology and technology-enabled services companies. They focus on companies that are likely to benefit from major technology trends, aiming to help these businesses evolve into leading players within their respective markets. Niobrara Capital aims to support growth, operational improvements, and strategic development across its portfolio, working closely with founders, management teams, and corporate partners.

Managing partner Chip Schorr emphasized that the firm significantly exceeded its fundraising target, despite facing challenging fundraising conditions. He credited the backing from limited partners for validating Niobrara's investment approach and the team's experience. Partner Mike Pompeo announced that the firm's portfolio is expanding, with its fourth platform investment completed recently, while its pipeline of potential deals continues to grow.

Niobrara plans to continue deploying capital across the B2B technology sector, focusing on growth and performance improvements at its portfolio companies. Legal advice for the fund was provided by Davis Polk & Wardwell.