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Norwest launches USD3bn Fund NVP XVI

Norwest Venture Partners, a venture capital and growth equity investment firm, has closed a USD3 billion fund, Norwest Venture Partners XVI, LP. 

The new fund will target innovative companies with transformational businesses, empowering its portfolio leaders with the resources and connections to enhance their growth and create sustainable value. NVP XVI brings the firm’s total capital under management to USD12.5 billion.

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