Northwestern Mutual Capital Secures $473 Million for Fund VII
Funding | Nov 18, 2024 | Ropes & Gray
Ropes & Gray has successfully advised Northwestern Mutual Capital (NMC) on the closing of its Northwestern Mutual Capital Equity Fund VII and a parallel fund, which collectively secured $473 million in commitments. The closing of the fund was formally announced on November 7. Equity Fund VII is designed to focus on direct investments in middle-market companies across North America and Western Europe. This new fund continues a series of equity co-investment vehicles NMC has been offering since 2008, aimed at capitalising on opportunities in target markets.
Sectors
- Private Equity
- Financial Services
Geography
- North America – The target investment region for Northwestern Mutual Capital's Equity Fund VII.
- Western Europe – The target investment region for Northwestern Mutual Capital's Equity Fund VII.
Industry
- Private Equity – The article discusses the closure of a private equity fund by Northwestern Mutual Capital, targeting investments in middle-market companies.
- Financial Services – This involves Northwestern Mutual Capital's operations in fund management and co-investment vehicles.
Financials
- $473 million – The total commitments secured for Northwestern Mutual Capital Equity Fund VII and its parallel fund.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Northwestern Mutual Capital | Bidding Company | Company | The company is closing on a $473 million fund, Equity Fund VII, for investments. |
| Ropes & Gray | Legal Advisor | Company | Provided legal advice to Northwestern Mutual Capital for the fund close. |