Niobrara Capital Partners

What Niobrara Capital Partners does

Niobrara Capital Partners is a New York–based private equity firm founded in 2024 that invests in middle-market business-to-business technology and technology-enabled services companies in North America and Europe. The firm targets companies with $100M–$750M in revenue and $20M–$80M in EBITDA, deploying equity checks of $30M–$150M per transaction through control buyouts, corporate carve-outs from Fortune 500 technology companies, and strategic partnerships with management teams. Current disclosed portfolio companies include Polar Semiconductor (a U.S. silicon wafer manufacturer and first CHIPS Act Award recipient), Noventiq (a global digital transformation and cybersecurity services provider), and Merlin Cyber (a cybersecurity platform).

The firm is led by Managing Partner Paul C. Schorr IV, who pioneered the technology buyout at CVC in 1995 and held senior technology investing roles at Blackstone, Augusta Columbia, and One Equity Partners before founding Niobrara. The partnership bench draws from Blackstone, AEA Investors, WestCap, H.I.G. Capital, One Equity Partners, Hewlett-Packard, TIBCO, Palm, and Credit Suisse, and includes former U.S. Secretary of State Mike Pompeo as a Partner. The firm raised a debut fund that exceeded its $750 million target from institutional LPs including GCM Grosvenor, Petershill Partners, Wafra, and Howard Hughes Medical Institute, and pursues revenue through management fees on committed fund capital plus carried interest on realized gains.

Name

Niobrara Capital Partners

Legal name

Niobrara Capital

Website

https://niobraracap.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Niobrara Capital Partners is a New York–based private equity firm founded in 2024 that invests $30M–$150M of equity in middle-market B2B technology companies in North America and Europe with $100M–$750M in revenue.

Ownership category

akta.pro rank

Product category

Private Equity

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industries

Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)

Keywords

• Technology private equity
• Middle-market investing
• Growth equity investments
• Private equity fund
• Technology buyouts

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others, Infrastructure

Revenue model

1. Fund Management - Management Fees: Private equity fund management fees charged to institutional capital partners for managing the fund's investment portfolio
2. Fund Management - Carried Interest: Performance-based carried interest from successful portfolio company exits and value creation, driving capital appreciation and shared success with investors

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Niobrara Capital is a private equity firm that makes equity investments of $30M-$150M per transaction in middle-market technology and technology-enabled services companies with revenues of $100M-$750M and EBITDA of $20M-$80M, primarily in North America and Europe. The firm partners directly with management teams, founders, and Fortune 500 companies on growth investments and corporate carve-outs, and drives value creation through a tech-enabled playbook and partner ecosystem. Revenue is generated through fund management fees and carried interest on portfolio exits, with the firm's debut fund exceeding its $750 million target.

Product overview

Niobrara Capital is a private equity firm specializing in technology investments. The firm provides equity investment of $30M-$150M to middle-market business-to-business technology companies primarily in North America and Europe. Current portfolio includes Polar Semiconductor (semiconductor manufacturing), Noventiq (digital transformation and cybersecurity services), and Merlin Cyber (cybersecurity platform). The firm targets companies benefiting from technology mega trends with revenues of $100M-$750M and EBITDA of $20M-$80M.

Differentiator

Problem solved

Functional benefit

Products and services

• Niobrara Capital Fund (Debut Technology Private Equity Fund) A limited-partnership private equity fund that makes $30M-$150M equity investments in middle-market technology and technology-enabled services companies with $100M-$750M revenue and $20M-$80M EBITDA across North America and Europe; offered via private placement to qualified institutional investors with management fees and carried interest.
• Corporate Carve-out and Strategic Partnership Program A dedicated program partnering with Fortune 500 technology companies to acquire and accelerate non-core business units through carve-outs and strategic equity partnerships.

Quantifiable outcome

• Nearly 30 years of technology private equity investing with pioneering firsts
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Noventiq Holdings PlccoreStrategic or Co-development Partner · 9 October 2025Niobrara Capital took a strategic equity stake in Noventiq, a leading global provider of digital transformation and cybersecurity services. Noventiq enables and accelerates digital transformation for customers across a comprehensive range of industries.
• Merlin CybercoreStrategic or Co-development Partner · 1 January 2025Current investment as the premier cybersecurity platform. Merlin leverages security technologies, trusted relationships, and capital to develop and deliver groundbreaking security solutions that help organizations minimize security risk.
• Polar SemiconductorcoreStrategic or Co-development Partner · 13 May 2024Niobrara Capital and Prysm Capital led a $175 million equity investment in Polar Semiconductor, a technology development, engineering and manufacturing center in Bloomington, MN. Polar manufactures silicon wafers and specializes in 200M wafer fabrication focused on high power applications for automotive, aerospace and defense markets.
• H.I.G. CapitalminorOthersJens Winther held senior level positions at H.I.G. Capital where he was responsible for global business development, marketing, and capital formation for institutional investors.
• Credit SuisseminorOthersJens Winther held senior positions at Credit Suisse where he was responsible for global business development. Scott Zoellner previously worked at Credit Suisse (now UBS) as Managing Director in Leveraged Finance Investment Banking.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Thoma Bravo: Largest dedicated technology-focused private equity firm globally with multi-billion-dollar funds; competes for the same middle-market and upper-middle-market tech buyout opportunities as Niobrara but at significantly larger scale.
• Vista Equity Partners: Tech-focused mega-fund with a software-only thesis; overlaps directly with Niobrara's tech buyout mandate and competes for similar platform assets in the $100M-$750M EBITDA range.
• Insight Partners: Technology-focused growth and buyout investor with multi-stage capabilities; comparable to Niobrara in its exclusive technology focus and middle-market orientation, though typically writing larger checks.
• Bain Capital Tech Opportunities: Bain Capital's technology-focused fund targeting middle-market software and tech-enabled services; direct competitor for the same deal universe as Niobrara with similar value-creation orientation.
• AEA Investors: Private equity firm where COO/CFO Scott Zoellner previously served as Partner for 21 years; comparable middle-market orientation and operator-driven value creation model.

Direct peers

• One Equity Partners: Direct precedent firm for Niobrara — Paul C. Schorr IV, Todd Bradley, Andrew Dunn, and Scott Zoellner all previously held senior roles at OEP. Closely comparable strategy in middle-market technology buyouts and corporate carve-outs.
• WestCap: Technology-focused private equity firm where Partner Clayton Albertson was previously a Managing Director; comparable middle-market technology mandate and operator-led value creation approach.
• Augusta Columbia: Previous firm of Founder Paul Schorr IV and Partner Clayton Albertson; comparable tech-focused middle-market buyout strategy that served as a direct predecessor to Niobrara Capital.
• Court Square Capital: Technology-focused middle-market PE firm (formerly CVC's U.S. tech practice); Clayton Albertson previously worked on the technology investment team. Direct comparable on strategy and firm heritage.

Emerging players

• Prysm Capital: Co-investor with Niobrara on Polar Semiconductor; similarly-sized emerging tech-focused private equity firm with comparable middle-market tech mandate and stage of development.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Niobrara Capital Partners