United States · Investor

Norwest Equity Partners

Last cheque observed Oct 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

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Private equityQuietLast fund, Sept 2023

SeedSeries ASeries BBusiness ServicesConsumerIndustrials

Cheques on record
0%of best year0cheques in 12 months, 6 on record
Since the last cheque4027days00hrs00min00sec
Median round$79MRounds led0 of 6Sole investor4 roundsExits1 from the portfolioMostly inUnited States, 100%
Pitch Norwest Equity Partners

Norwest Equity Partners highlights

  1. 01

    6 rounds on record

  2. 02

    Mostly Growth: 100% of its rounds

  3. 03

    Sole investor in 4 rounds, median $50M

  4. 04

    1 exits from the portfolio

What they do

We partner with leaders of business services, consumer, and industrial companies – often as their first institutional investor – to help turn vision into durable growth.From their own website
Type
Private equity (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries B
Sectors
Business ServicesConsumerIndustrials
Based in
Minneapolis, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first6 appearances

  1. 2015

    3 rounds

  2. Oct
    Christy SportsUSUndisclosedSole investor
  3. Jun
    WelocalizeUSUndisclosedSole investor
  4. Mar
    EyebobsUSUndisclosedSole investor
  5. 2012

    1 round

  6. Jun
    GoHealthGrowth · US · marketwire.com$50MSole investor
  7. 2002

    1 round

  8. Aug
    NuVoxGrowth · US$79MWith 9 others
  9. 1999

    1 round

  10. Dec
    Advanced Telecom GroupGrowth$175MWith 9 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration9 named

AMAnthony M. ArmandExecutive Officer, PromoteriFiling they signed
BMBrian Michael AllinghamExecutive Officer, PromoteriFiling they signed
CMCarter M. BalfourExecutive Officer, PromoteriFiling they signed
CPCharles Paul MoorseCCO and General CounseliForm ADV
JKJohn Kenneth FiyodCFOiForm ADV
JMJohn M. HoganExecutive Officer, PromoteriFiling they signed
SMSean M. StevensExecutive Officer, PromoteriFiling they signed
SMSundip M. MurthyExecutive Officer, PromoteriFiling they signed
TCTimothy Charles DevriesExecutive Officer, PromoteriFiling they signed

We also hold 56 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$3.8Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
Norwest Capital Advisors, LLC
SEC number
CRD 323642

Funds on its Form ADV

12 private funds, $4.2B in gross assets · filed May 2024

  1. Norwest Equity Partners X, L.P.Private equity74 investors$1.3B
  2. Norwest Equity Partners IX, L.P.Private equity74 investors$661M
  3. Norwest Equity Partners XI-B, L.P.Private equity2 investors$500M
  4. Norwest Mezzanine Partners IV - DEBT, L.P.Private equity35 investors$472M
  5. Norwest Mezzanine Partners IV - Equity, L.P.Private equity35 investors$407M
  6. Norwest Equity Partners XI, L.P.Private equity23 investors$370M
  7. Norwest Mezzanine Partners V-B - DEBT, L.P.Private equity2 investors$121M
  8. Norwest Equity Partners XI-A, L.P.Private equity20 investors$115M
  9. Norwest Mezzanine Partners V-B - Equity, L.P.Private equity2 investors$109M
  10. Norwest Mezzanine Partners V, L.P.Private equity16 investors$88M

And 2 more on the filing.

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

NuVoxBought by Windstream$643MNov 2009

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Norwest Equity Partners. A count of rooms they were both in, not a relationship either has claimed.

Centennial FundsHedge fund2rounds together

Quick answers about Norwest Equity Partners

What does Norwest Equity Partners invest in?

Norwest Equity Partners invests most often at Growth (100% of the rounds on record), in sectors such as Business Services, Consumer and Industrials.

How active is Norwest Equity Partners?

6 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2015.

How big are Norwest Equity Partners's cheques?

The median round it joins is $79M.

Does Norwest Equity Partners lead rounds?

Rarely, if at all: none of its 6 investments on record names it as the lead.

Where does Norwest Equity Partners invest?

Most of the companies it backs are in the United States (100%).

Is Norwest Equity Partners investing now?

No investments in the last 12 months; the latest was in Oct 2015.

Who does Norwest Equity Partners invest alongside?

Most often Centennial Funds (2 rounds together).

What kind of investor is Norwest Equity Partners?

Norwest Equity Partners is a private equity firm based in Minneapolis, United States.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it