But the economy is still growing and there is more use of technology across all stages to get better productivity and outcomes, Haque said. “That’s mind-boggling.”Īs for the economy, anytime it gets a headwind, it’s time to be careful about valuations. spends 19% of our GDP on healthcare,” Haque said. Promod Haque, senior manager partner at Norwest, said in an interview that the “graying” of the population is a big trend driving the healthcare sector. The investments are represented by leading portfolio companies across the consumer, healthcare, and enterprise sectors in North America, India, and Israel. Both practices at Norwest invest out of a single, global fund and contribute significantly to the overall success of the firm. “We have spent a lot of time with data analytics and the intersection with software, and in our consumer practice, omni-channel consumer brands that start on a direct-to-consumer basis and then move into wholesale and retail as well.” Diversification strategyįor over a decade, Norwest has expanded its growth equity practice to augment and diversify its strong record of venture investments. “Our late-stage focus is similar,” said managing partner Jon Kossow in an interview with VentureBeat. Since the 14th fund closed, Norwest has made nearly 50 new investments across a range of stages and industries, as well as hired and promoted several investment partners. Wells Fargo Low Volatility U.S.The launch of Norwest Venture Partners XV, which brings the firm’s total capital commitments to more than $9.5 billion, closes on the heels of a record two years, as 23 of the firm’s portfolio companies achieved notable liquidity events. Wells Fargo International Solutions Private Limited Wells Fargo International Finance (New Zealand) Limited Wells Fargo International Finance (Australia) Pty Ltd Wells Fargo Equipment Finance Company/Société De Financement D'équipement Wells Fargo Wells Fargo Enterprise Global Services, LLC - Manila, Philippines Wells Fargo Delaware Trust Company, National Association

Wells Fargo Dealer Floorplan Master Note Trust Wells Fargo Community Investment Holdings, LLC Wells Fargo Community Development Corporation Wells Fargo Commercial Distribution Finance, LLC Wells Fargo Central Pacific Holdings, Inc. Wells Fargo Capital Finance Corporation Canada/Societé De Financement Wells Fargo Capital Canada Wells Fargo Bank South Central, National Association Wells Fargo Bank International Unlimited Company Wells Fargo Asset Management Holdings, LLC Wells Fargo Asset Management (International) Limited Wells Fargo Affordable Housing Community Development Corporation Wells Fargo Advisors Financial Network, LLC Wells Fargo (Lux) Worldwide Fund - Small Cap Innovation Fund Wells Fargo (Lux) Worldwide Fund - Global Investment Grade Credit Fund Wells Fargo (Lux) Worldwide Fund - Global Factor Enhanced Equity Fund Wells Fargo (Lux) Worldwide Fund - Alternative Risk Premia Fund Wachovia Asset Securitization Issuance II, LLC Jurisdiction of Incorporation or OrganizationĮmerging Markets Small Cap Fund, a series of 525 Market Street Fund, LLC Pursuant to Item 601(b)(21)(ii) of Regulation S-K, certain subsidiaries of the Parent have been omitted from this list because, considered in the aggregate as a single subsidiary, such subsidiaries would not constitute a “significant subsidiary” as that term is defined in Rule 1-02(w) of Regulation S-X. The table below is a list of direct and indirect subsidiaries of the Parent as of December 31, 2020, and the state or jurisdiction in which the subsidiaries are organized.

Norwest ventures