We advised Niobrara Capital Partners on the fundraise and related matters for Niobrara Founders Fund

Davis Polk advised Niobrara Capital Partners in connection with the formation, fundraise and related matters for Niobrara Founders Fund LP (together with its parallel funds, “Niobrara Founders Fund”) and its related vehicles. Niobrara Founders Fund recently held its final closing with over $1.1 billion in commitments (exceeding its target by 50%), and over $1.5 billion including related co-investment vehicles.

Niobrara Capital Partners, founded by Chip Schorr, is a New York-based private equity firm focused on investing in business-to-business technology and tech-enabled services companies. Through Niobrara Founders Fund, Niobrara will continue to execute its focused investment strategy, partnering with corporates, exceptional founders and management teams to scale businesses in the B2B technology ecosystem. Niobrara invests in middle-market B2B technology companies that it identifies as first or second derivative beneficiaries of key technology megatrends, and seeks to drive these companies to become durable leaders within their subsectors.

The Davis Polk investment management team included partner Sijia Cai and associates Tianye Zhang, Jonathan P. Jackson, Xudong (George) Tan, Joao Pedro Santa-Rita and Thomas Di Biasio. Partner Ethan R. Goldman, counsel Liang Zhang and associate Omar Hersi provided tax advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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