Norwest Raises $2.4B In Capital

It’s the largest capital raise in the firm’s history.

Norwest Equity Partners and its affiliate, Norwest Mezzanine Partners, formed limited investment partnerships valued at $2.4 billion.
The NEP partnership, valued at $1.6 billion, will invest in industry-leading companies, while NMP’s $800 million will invest flexible junior capital.
The capital raise is significantly higher than the last time Norwest formed partnership in 2008. That amount was approximately $2 billion. The firm has raised over $7 billion since its inception.
The Minneapolis-based firm says its invests about $50 million to $200 million per transaction and has worked with several Minnesota firms, including Life Time Fitness, Select Comfort and PeopleNet.