# Norwest Capital Advisors

Norwest Capital Advisors is an Asset Manager based in Minneapolis, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** nep.com
- **LinkedIn:** https://www.linkedin.com/company/norwest-equity-partners

## Regulatory record

- **CRD number:** 323642
- **SEC file number:** 801-128598
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-30T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/323642

## About

Norwest Capital Advisors is an SEC-registered investment adviser in Minneapolis, MN, registered since 2023. The firm manages $3.8 billion in regulatory assets. It has 40 employees and 28 investment advisers.

## Questions

### What is the firm's investment geography?

Norwest Capital Advisors concentrates investments across the United States with particular depth in the Upper Midwest, Texas, the Mountain States, and the Southeast. The firm's Minneapolis headquarters reflects its historical ties to the regional banking network that gave rise to the Norwest name.

### Is Norwest Capital Advisors connected to Wells Fargo?

The connection is historical, not operational. Norwest Equity Partners was originally formed to manage the equity investments of Norwest Corporation, which merged with Wells Fargo in 1998. NEP has since operated independently as a private equity firm distinct from the banking entity, with its own institutional limited partner base.

### What sectors does Norwest Capital Advisors target?

The firm invests across manufacturing, business services, distribution, and industrial growth sectors. Norwest Equity Partners has historically emphasized companies with tangible operations and recurring revenue in fragmented markets where operational improvements can drive value.

## Related profiles

- [Norwegian Red Cross](https://altss.com/profile/norwegian-red-cross)
- [Norwest Venture Partners](https://altss.com/profile/norwest-venture-partners)

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

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