Wells Fargo sells NEP and NMP private equity fund interests

Wells Fargo announced the completed sale of approximately USD 2 billion of investments in funds managed by Norwest Equity Partners and Norwest Mezzanine Partners. The buyer group included AlpInvest, Atalaya, Lexington and Pantheon. Lazard advised Wells Fargo. The approximate portfolio figure is not an exact disclosed cash purchase price. The sale concerned fund interests, not the managers or Wells Fargo’s separate Norwest Venture Partners relationship.