# Northwest Capital Management

Northwest Capital Management is an Asset Manager based in Lake Oswego, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Lake Oswego, United States
- **Region:** North America
- **Address:** Portland, OR, United States
- **Founded:** 1984
- **Assets under management:** Undisclosed
- **Website:** nwcapital.com

## Regulatory record

- **CRD number:** 108091
- **SEC file number:** 801-56420
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/108091

## About

Northwest Capital Management, Inc. was founded in 1998 in Portland, Oregon as an independent and privately-held investment advisory firm. Our team of professionals provides over 150 years of collective knowledge serving clients in Wealth Management, Institutional Asset Management (Foundations and Endowments), and Qualified Retirement Plans. Our staff hold professional designations such as the Certified Financial Planner (TM) and the Chartered Financial Analyst (CFA) designations. NWCM’s consulting philosophy begins with the premise that each client has a unique set of considerations and objectives which require a customized strategy. It is our job to work with clients to tailor these strategies using industry best practices to help financial success. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Investment advisory services also offered through NWCM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. Third party posts found on this profile do not reflect the views of CWM, LLC and have not been reviewed by CWM, LLC as to accuracy or completeness.

## Sectors

- Private Equity
- Venture Capital
- Real Assets
- Public Equities

## People

- Stephen E. Babson — President
- Thomas L. Cottrell — Chief Investment Officer

## Questions

### Who runs investment decisions at Northwest Capital Management?

Stephen Babson serves as President, while Thomas L. Cottrell is Chief Investment Officer. Both have long tenures at the firm. The investment team is lean and decisions are centralized at the Portland office.

### What investment stages does Northwest Capital Management typically target?

The firm targets a mix of stages across asset classes. In private equity, it focuses on established middle-market companies. In venture capital, it invests in early to growth-stage startups, with a historical bias toward the Pacific Northwest region.

### Does Northwest Capital Management participate in fund commitments or only direct deals?

The firm primarily makes direct investments in companies and real assets. It also participates in fund commitments, particularly in specialist venture capital and real asset funds, but direct ownership is the dominant model.

### Which sectors does Northwest Capital Management explicitly avoid?

The firm has historically avoided energy and mining due to environmental concerns. It also steers clear of consumer discretionary sectors, preferring business-to-business and asset-based investments.

### How does Northwest Capital Management source proprietary deal flow?

The firm relies on a deep network in the Pacific Northwest business community, relationship-driven sourcing, and long-term relationships with local banks and advisors. It does not have a public deal origination platform.

## Related profiles

- [Jaffe Asset Management](https://altss.com/profile/jaffe-asset-management-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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