Norwest has closed Norwest 18, a US$4 billion global fund. It is the largest fund in the firm's history. The vehicle lifts Norwest's total assets under management to US$18 billion.
Fund strategy
The fund will use a global, multi-stage strategy. It will target venture and growth equity deals in technology, healthcare, and consumer. Norwest can back companies at any point in their lifecycle.
Recent momentum
Since announcing Norwest 17 in April 2024, the firm has added more than 85 new companies. It has also supported over 30 liquidity events. Recent investments include Stablecore, Generalist AI, ORION Security, and Ouro Medicines.
Global markets and support
Norwest has invested in India and Israel for 20 years. The firm backs enterprise technology, consumer platforms, and financial services teams in those markets. Its Portfolio Success team and advisor network help founders with strategic decisions.
The new fund gives Norwest more room to support existing founders. It also provides capital for new relationships with entrepreneurs. Norwest invites founders with ambitious ideas to reach out.