Sign up for our newsletter
Technology / AI and automation

NORWEST VENTURE CAPITAL SETS UP TWO NEW FUNDS

Private equity investment firm Norwest Venture Capital has formed two new investment funds capitalized at $450m by Norwest Corp. The new funds – Norwest Equity Partners VI, LP and Norwest Venture Partners VI, LP – will seek the same kind of equity investments Norwest Venture Capital has traditionally pursued. Norwest Equity Partners VI, LP will invest in management buyouts, recapitalizations and consolidation strategies. Norwest Venture Partners VI, LP will invest in early stage emerging growth companies. NVC says the early stage emerging growth strategy will continue to be focused primarily on information technology markets such as software, communications equipment, the internet, and communications services. Norwest cites recent investments these industries that include PeopleSoft, Vantive, Xylan, Raptor Systems, Documentum, Advanced Fiber, Forte Software, Tivoli Systems, Corsair Communications, Brooks Fiber, Verio, and NetObjects. With these two new funds, NVC has capital and commitments of more than $1.2bn and boasts investments of more than $100m in each of the last three years.

White papers from our partners


This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.