Northwestern Mutual Capital
Overview
Northwestern Mutual Capital is an investment firm that seeks to make private equity and mezzanine investments. The firm seeks to invest in the financial services, energy, clean technology, infrastructure and financial technology sectors. The firm was funded in 1980 and is based in Milwaukee, Wisconsin . Northwestern Mutual Capital LLC specializes in direct and fund of fund investments . In direct investments, the firm typically invests in leveraged buyouts in form of private debt, equity, growth equity, infrastructure transactions, mezzanine, first lien, second lien, unitranche, HoldCo PIK, preferred or common equity, junior debt, senior equity, and private placements . The firm invests across a wide range of industries with a focus on the technology sector . It seeks to co-invest with other middle-market private equity firms in companies based in North America, Europe, and Asia .
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Betterment | Feb 2015 | Series D | Co-investor |
| Levitate | Aug 2024 | Series D | - |
| Splash Financial | May 2020 | Series A | Lead |
| Trust & Will | Mar 2025 | Series C | - |
| Inclined Technologies Inc. | Aug 2025 | Series B | - |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Northwestern Mutual Capital based?
Northwestern Mutual Capital is headquartered in Milwaukee, Wisconsin, United States.
When was Northwestern Mutual Capital founded?
Northwestern Mutual Capital was founded in 1980.
How many portfolio companies does Northwestern Mutual Capital have?
Northwestern Mutual Capital has 11 portfolio companies in Caplight's dataset.
What are some companies in Northwestern Mutual Capital's portfolio?
Portfolio companies visible on Caplight include Betterment, Levitate, Splash Financial, Trust & Will, Inclined Technologies Inc..
What was Northwestern Mutual Capital's most recent investment shown here?
Northwestern Mutual Capital's most recent investment in this portfolio sample was in Inclined Technologies Inc. in 2025.
What sectors does Northwestern Mutual Capital focus on?
Northwestern Mutual Capital focuses on Healthcare & Life Sciences, FinTech, FinTech, FinTech, FinTech, Enterprise Software, Healthcare & Life Sciences, Frontier & Industrial Tech, Energy & Sustainability, Consumer & Commerce, Frontier & Industrial Tech, Consumer & Commerce, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Frontier & Industrial Tech, Real Estate & PropTech, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software.
What company stages does Northwestern Mutual Capital focus on?
Northwestern Mutual Capital typically invests at the MultiStage stage.
What is Northwestern Mutual Capital's AUM?
Northwestern Mutual Capital's assets under management are estimated between $10.0B and $100.0B.