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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 1b 10b

NORWEST CAPITAL ADVISORS, LLC

CRD 323642

MINNEAPOLIS, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:e1ce52a4-0d26-3274-db37-d77620395c67

Data as of Apr 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 10:01 PM UTC and rebuilt at most every 15 minutes.

Relationships: 22
Dated events: 2
On other graphs: 3
Observed: Jul 20, 2023 to Apr 30, 2026
8 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Equityidentity

Norwest Capital Advisors, LLC

Private equity manager · shared crd

Independent Sponsorsidentity

Norwest Capital Advisors, LLC

Capital provider to sponsors · shared crd

Private Creditidentity

Norwest Capital Advisors, LLC

Private credit manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0
Regulatory AUM: $3.8BItem 5.F on the latest filing (2026-04-30); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $3.8B
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 40
Advisory employees: 28
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 12
Individual clients: 0
High net worth clients: 0
Private funds: 12Schedule D 7.B(1)
Custody, client assets: $3.0B
Relying advisers: 1
SEC number: 801-128598
CRD: 323642
Filings on the tape: 8
First filed: Jul 20, 2023
Latest filed: Apr 30, 2026
Organised: Limited Liability Company, DE

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
NORWEST EQUITY PARTNERS X, LP	Private Equity Fund	$1.3B	May 17, 2024	74	Oct 31, 2023	reported	n/a
NORWEST EQUITY PARTNERS IX, LP	Private Equity Fund	$661M	May 17, 2024	74	Oct 31, 2023	reported	n/a
NORWEST EQUITY PARTNERS XI-B, LP	Private Equity Fund	$500M	May 17, 2024	2	Oct 31, 2023	reported	n/a
NORWEST MEZZANINE PARTNERS IV - DEBT, LP	Private Equity Fund	$472M	May 17, 2024	35	Oct 31, 2023	reported	n/a
NORWEST MEZZANINE PARTNERS IV - EQUITY, LP	Private Equity Fund	$407M	May 17, 2024	35	Oct 31, 2023	reported	n/a
NORWEST EQUITY PARTNERS XI, LP	Private Equity Fund	$370M	May 17, 2024	23	Oct 31, 2023	reported	021-493415
NORWEST MEZZANINE PARTNERS V-B - DEBT, LP	Private Equity Fund	$121M	May 17, 2024	2	Oct 31, 2023	reported	n/a
NORWEST EQUITY PARTNERS XI-A, LP	Private Equity Fund	$115M	May 17, 2024	20	Oct 31, 2023	reported	021-493417
NORWEST MEZZANINE PARTNERS V-B - EQUITY, LP	Private Equity Fund	$109M	May 17, 2024	2	Oct 31, 2023	reported	n/a
NORWEST MEZZANINE PARTNERS V, LP	Private Equity Fund	$88.4M	May 17, 2024	16	Oct 31, 2023	reported	021-493443
NORWEST MEZZANINE PARTNERS V-A, LP	Private Equity Fund	$56.4M	May 17, 2024	15	Oct 31, 2023	reported	021-493438
NORWEST MEZZANINE PARTNERS III, LP	Private Equity Fund	$27.8M	May 17, 2024	38	Oct 31, 2023	reported	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
ALLINGHAM, BRIAN, MICHAEL	Coo	Na	yes	09/2022	Jul 20, 2023	May 17, 2024
ALLINGHAM, BRIAN, MICHAEL	Manager	F	yes	09/2022	Jul 20, 2023	May 17, 2024
ARMAND, ANTHONY, EUGENE	Manager	F	yes	09/2022	Jul 20, 2023	May 17, 2024
DEVRIES, TIMOTHY, CHARLES	Ceo	Na	yes	09/2022	Jul 20, 2023	May 17, 2024
DEVRIES, TIMOTHY, CHARLES	MEMBER / MANAGER	E	yes	09/2022	Jul 20, 2023	May 17, 2024
DEVRIES, TIMOTHY, CHARLES	LIMITED PARTNER	E	yes	09/2022	Jul 20, 2023	May 17, 2024
FIYOD, JOHN, KENNETH	Cfo	Na	yes	09/2022	Jul 20, 2023	May 17, 2024
MOORSE, CHARLES, PAUL	CCO AND GENERAL COUNSEL	Na	yes	09/2022	Jul 20, 2023	May 17, 2024
NORWEST CAPITAL GP LLC	GENERAL PARTNER	F	yes	09/2022	Jul 20, 2023	May 17, 2024
NORWEST CAPITAL GROUP LP	Member	E	yes	09/2022	Jul 20, 2023	May 17, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
ITASCA MEZZANINE PARTNERS III, LLC	n/a	n/a	n/a	Y	yes	n/a
ITASCA MEZZANINE PARTNERS IV, LLC	n/a	n/a	n/a	Y	yes	n/a
ITASCA MEZZANINE PARTNERS V-B, LLC	n/a	n/a	n/a	Y	yes	n/a
ITASCA MEZZANINE PARTNERS V, LP	n/a	n/a	n/a	Y	yes	n/a
ITASCA PARTNERS IX, LLC	n/a	n/a	n/a	Y	yes	n/a
ITASCA PARTNERS X, LLC	n/a	n/a	n/a	Y	yes	n/a
ITASCA PARTNERS XI-B, LLC	n/a	n/a	n/a	Y	yes	n/a
ITASCA PARTNERS XI, LP	n/a	n/a	n/a	Y	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
WEST PALM BEACH	FL	United States	10	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 3 of 4

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Apr 30, 2026	$3.8B	$3.8B	40	28	1	12	n/a
2024	Mar 28, 2025	$3.8B	$3.8B	40	29	1	12	n/a
2023	Mar 27, 2024	$4.2B	$4.2B	46	32	1	12	$4.2B

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$3.8B	$3.8B	0.3%	n/a	n/a	40	40	1	1

Relationships

Advises (12)

→ NORWEST MEZZANINE PARTNERS V-B - DEBT, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST MEZZANINE PARTNERS IV - EQUITY, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST MEZZANINE PARTNERS V-A, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST EQUITY PARTNERS XI, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST MEZZANINE PARTNERS IV - DEBT, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST EQUITY PARTNERS X, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST MEZZANINE PARTNERS III, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST MEZZANINE PARTNERS V, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST EQUITY PARTNERS XI-A, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST MEZZANINE PARTNERS V-B - EQUITY, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST EQUITY PARTNERS XI-B, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV
→ NORWEST EQUITY PARTNERS IX, LPPrivate fundPrivate Equity Fund, IA
Oct 31, 2023 to presentfactForm ADV

Controls (7)

← MOORSE, CHARLES, PAULOwnerCCO AND GENERAL COUNSEL, ownership code NA, individual
Jul 20, 2023 to May 17, 2024factForm ADV
← DEVRIES, TIMOTHY, CHARLESOwnerMEMBER / MANAGER, ownership code E, individual
Jul 20, 2023 to May 17, 2024factForm ADV
← FIYOD, JOHN, KENNETHOwnerCFO, ownership code NA, individual
Jul 20, 2023 to May 17, 2024factForm ADV
← ALLINGHAM, BRIAN, MICHAELOwnerMANAGER, ownership code F, individual
Jul 20, 2023 to May 17, 2024factForm ADV
← ARMAND, ANTHONY, EUGENEOwnerMANAGER, ownership code F, individual
Jul 20, 2023 to May 17, 2024factForm ADV
← NORWEST CAPITAL GP LLCOwnerGENERAL PARTNER, ownership code F, domestic entity
Jul 20, 2023 to May 17, 2024factForm ADV
← NORWEST CAPITAL GROUP LPOwnerMEMBER, ownership code E, domestic entity
Jul 20, 2023 to May 17, 2024factForm ADV

Dated events

Occurred
Mar 27, 2024
Control person left
(Nmn) Sundip Murthy (Manager) no longer on Schedule A of Norwest Capital Advisors, Llc (listed 2023-11-02, absent 2024-03-27)
Form ADVobserved 6 days ago
Occurred
Jul 20, 2023
First Form ADV filing
Norwest Capital Advisors, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:e1ce52a4-0d26-3274-db37-d77620395c67
First observed: Jul 20, 2023
Last observed: Apr 30, 2026 4 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

NORWEST CAPITAL ADVISORS, LLC

CRD 323642

MINNEAPOLIS, MN

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:e1ce52a4-0d26-3274-db37-d77620395c67

Data as of Apr 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 10:01 PM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

NORWEST EQUITY PARTNERS X, LP

Private Equity Fund

$1.3B

May 17, 2024

Oct 31, 2023

reported

n/a

NORWEST EQUITY PARTNERS IX, LP

Private Equity Fund

$661M

May 17, 2024

Oct 31, 2023

reported

n/a

NORWEST EQUITY PARTNERS XI-B, LP

Private Equity Fund

$500M

May 17, 2024

Oct 31, 2023

reported

n/a

NORWEST MEZZANINE PARTNERS IV - DEBT, LP

Private Equity Fund

$472M

May 17, 2024

Oct 31, 2023

reported

n/a

NORWEST MEZZANINE PARTNERS IV - EQUITY, LP

Private Equity Fund

$407M

May 17, 2024

Oct 31, 2023

reported

n/a

NORWEST EQUITY PARTNERS XI, LP

Private Equity Fund

$370M

May 17, 2024

Oct 31, 2023

reported

021-493415

NORWEST MEZZANINE PARTNERS V-B - DEBT, LP

Private Equity Fund

$121M

May 17, 2024

Oct 31, 2023

reported

n/a

NORWEST EQUITY PARTNERS XI-A, LP

Private Equity Fund

$115M

May 17, 2024

Oct 31, 2023

reported

021-493417

NORWEST MEZZANINE PARTNERS V-B - EQUITY, LP

Private Equity Fund

$109M

May 17, 2024

Oct 31, 2023

reported

n/a

NORWEST MEZZANINE PARTNERS V, LP

Private Equity Fund

$88.4M

May 17, 2024

Oct 31, 2023

reported

021-493443

NORWEST MEZZANINE PARTNERS V-A, LP

Private Equity Fund

$56.4M

May 17, 2024

Oct 31, 2023

reported

021-493438

NORWEST MEZZANINE PARTNERS III, LP

Private Equity Fund

$27.8M

May 17, 2024

Oct 31, 2023

reported

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

ALLINGHAM, BRIAN, MICHAEL

Coo

yes

09/2022

Jul 20, 2023

May 17, 2024

ALLINGHAM, BRIAN, MICHAEL

Manager

yes

09/2022

Jul 20, 2023

May 17, 2024

ARMAND, ANTHONY, EUGENE

Manager

yes

09/2022

Jul 20, 2023

May 17, 2024

DEVRIES, TIMOTHY, CHARLES

Ceo

yes

09/2022

Jul 20, 2023

May 17, 2024

DEVRIES, TIMOTHY, CHARLES

MEMBER / MANAGER

yes

09/2022

Jul 20, 2023

May 17, 2024

DEVRIES, TIMOTHY, CHARLES

LIMITED PARTNER

yes

09/2022

Jul 20, 2023

May 17, 2024

FIYOD, JOHN, KENNETH

Cfo

yes

09/2022

Jul 20, 2023

May 17, 2024

MOORSE, CHARLES, PAUL

CCO AND GENERAL COUNSEL

yes

09/2022

Jul 20, 2023

May 17, 2024

NORWEST CAPITAL GP LLC

GENERAL PARTNER

yes

09/2022

Jul 20, 2023

May 17, 2024

NORWEST CAPITAL GROUP LP

Member

yes

09/2022

Jul 20, 2023

May 17, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

ITASCA MEZZANINE PARTNERS III, LLC

n/a

yes

n/a

ITASCA MEZZANINE PARTNERS IV, LLC

n/a

yes

n/a

ITASCA MEZZANINE PARTNERS V-B, LLC

n/a

yes

n/a

ITASCA MEZZANINE PARTNERS V, LP

n/a

yes

n/a

ITASCA PARTNERS IX, LLC

n/a

yes

n/a

ITASCA PARTNERS X, LLC

n/a

yes

n/a

ITASCA PARTNERS XI-B, LLC

n/a

yes

n/a

ITASCA PARTNERS XI, LP

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

WEST PALM BEACH

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Apr 30, 2026

$3.8B

n/a

2024

Mar 28, 2025

$3.8B

n/a

2023

Mar 27, 2024

$4.2B

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$3.8B

0.3%

n/a