Wells Fargo Divests $2 Billion In Private Equity Investments

Wells Fargo & Co. (WFC) has divested approximately $2 billion of private equity investments in certain funds to a group of leading investors.

WFC sold its investments in Norwest Equity Partners and Norwest Mezzanine Partners to a buyer group, including AlpInvest Partners, Atalaya Capital Management, Lexington Partners, and Pantheon. I Photo: AlexiusHoratius Wikimedia Commons

This move demonstrates the bank's active investment portfolio management strategy, as reported by Zacks Investment Research.

Specifically, WFC sold its investments in Norwest Equity Partners and Norwest Mezzanine Partners to a buyer group, including AlpInvest Partners, Atalaya Capital Management, Lexington Partners, and Pantheon.

WFC was the sole institutional limited partner in these funds. Nevertheless, the company will continue its relationship and investments with Norwest Venture Partners, a venture capital and growth equity investment firm.

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