Norwest launches $1.2 bn global fund

Norwest Venture Partners, the Palo Alto, California headquartered venture and growth capital investor, has closed its latest global fund at $1.2 billion. Dubbed Norwest Venture Partners XII, LP, the fund will target early and later stage investments across sectors. The new fund takes Norwest’s total capital and commitments to approximately $5 billion and follows the firm’s previous $1.2 billion fund which it started investing in 2010.

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