Norwest Equity Raises $1.2 Billion

Norwest Equity Partners has secured a $1.2 billion commitment for its ninth fund, according to LBO Wire. The entire amount came from sole limited partner Wells Fargo & Co. peHUB had previously reported that NEP affiliate Norwest Mezzanine Partners had recently received a $500 million commitment for its third fund, also from Wells Fargo. www.nep.com