Northwestern Mutual Makes $473M Close on Seventh PE Co-Invest Fund

Northwestern Mutual Capital (NMC) said it closed on fundraising for its seventh private equity co-investment fund and a parallel fund, reaching $473M in capital commitments and exceeding its $400M target.

NMC first offered equity co-investment vehicles in 2008, and like its predecessor funds, Equity Fund VII is expected to make direct investments in middle-market companies across North America and Western Europe. The firm said an improving environment for co-investments has enabled it to make “a number of high-quality commitments” since its first close in June.

Ropes & Gray LLP served as fund counsel.

Source: https://www.prnewswire.com/news-releases/northwestern-mutual-capital-co-investment-offering-raises-over-470-million-exceeding-fundraising-target-302298587.html

Written By: Dakota

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