Norwest closes latest venture fund at $3bn

Palo Alto-based Norwest Venture Partners closes its latest venture capital fund with $3 billion, bringing its overall assets under management to $12.5 billion.

The new fund, Norwest Venture Partners XVI, will invest in high-impact, early- to late-stage venture and growth companies in consumer, enterprise and healthcare sectors. The fund will target companies with ‘transformational’ businesses. Norwest aims to empower the leaders at these companies with resources and connections to enhance their growth and create sustainable value.

Norwest’s last fund closed in 2019 at $2 billion. The firm intends to employ . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.

Monthly subscriptions and discounted corporate plans for up to 100 members also available.

Related Articles

Back to top button

Start Your Days in the Know


Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!