TLDR:
Key points:
- Minneapolis-based Norwest Capital Advisors closed two new funds with a total of $1.4 billion in committed capital.
- Norwest Equity Partners XI raised $1 billion, while Norwest Mezzanine Partners V secured $400 million.
In a recent article by Sergio Barreto, it was reported that Norwest Capital Advisors, based in Minneapolis, raised $1.4 billion for new funds. The funds included Norwest Equity Partners XI, which raised $1 billion, and Norwest Mezzanine Partners V, which secured $400 million. The Norwest Equity Partners strategy focuses on middle-market companies in business and consumer services, consumer products, and industrials sectors.
The fundraising success of Norwest Capital Advisors highlights investor confidence in the middle-market sectors that the firm focuses on. The $1.4 billion in committed capital will provide the firm with the resources to continue supporting and growing companies in these sectors.
