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Wells Fargo Sells $2 Billion of Private Equity Investments in Core Business Refocus Plan

Wells Fargo Sells $2 Billion of Private Equity Investments in Core Business Refocus Plan
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Wells Fargo sells private equity stakes

Wells Fargo & Company announced today that it has sold approximately $2 billion of private equity investments in certain Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) funds.

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investments: Wells Fargo sells $2 bln of private equity investments

Lenders have been looking to improve efficiency and scale back less important bets, to better navigate the uncertainty as the Federal Reserve tries to engineer a soft landing for the U.S. economy.

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Wells Fargo Sells Private Equity Fund Investments

Wells Fargo Sells Private Equity Fund Investments
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Wells Fargo Sells Private Equity Fund Investments

Wells Fargo & Company announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Norwest Equity Partners and Norwest.

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