Norwest Capital Advisors, LLC: growth equity firm in Minneapolis, MN
Norwest Capital Advisors, LLC is a growth equity firm based in Minneapolis, MN. It reports $3.8bn in regulatory assets under management, 100% of it in pooled vehicles such as funds, and 40 employees, on its SEC Form ADV as of 29 Sep 2026.
What does Norwest Capital Advisors, LLC invest in?
Growth equity. B2B software and technology is one of several sectors. Classified from the firm's filing and website with high confidence.
A leading middle market investment firm headquartered in Minneapolis, Minnesota. We invest where we can make a difference 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 nep.com.
How large is Norwest Capital Advisors, LLC?
$3.8bn in regulatory assets under management and 40 employees, as reported to the SEC. Regulatory AUM counts assets the adviser manages on a continuous basis; it is not the same as fund size or committed capital.
| Regulatory AUM | $3.8bn |
|---|---|
| Of which in pooled vehicles | $3.8bn (100%) |
| Employees | 40 |
| Advises private funds | Yes |
| Registration | Approved |
Who runs portfolio operations at Norwest Capital Advisors, LLC?
We have 4 people in a portfolio-operations or value-creation role at Norwest Capital Advisors, LLC: Board Member; Operating Advisor; Operating Partner. Names are not published here.
Form D raises in MN
In September 2026, companies in MN filed 2 Form D raises totalling $11.5m. Form D does not name the investors, so these are not Norwest Capital Advisors, LLC's deals; they are the private-capital activity around it. See the month.