The Northwestern Mutual Life Insurance Company
Insurer Milwaukee, WI northwesternmutual.com Still adding venture funds
The Northwestern Mutual Life Insurance Company reports 14 venture funds, $127M in all.
Holdings are from its statutory annual statement as of December 31, 2025. “Still adding venture funds”: its newest venture fund is a 2023 vintage, within 3 years of 2025.
The numbers
| Vintage | Venture funds |
|---|---|
| 2014 | 1 |
| 2015 | 0 |
| 2016 | 0 |
| 2017 | 1 |
| 2018 | 1 |
| 2019 | 1 |
| 2020 | 0 |
| 2021 | 3 |
| 2022 | 2 |
| 2023 | 1 |
Updates from The Northwestern Mutual Life Insurance Company
All of The Northwestern Mutual Life Insurance Company’s updates on Hottub VC
Largest venture holdings
From its statutory annual statement as of December 31, 2025.
| Fund, as reported | Manager | Vintage | Carrying value |
|---|---|---|---|
| Insight Partners XI LP | Insight Partners | 2019 | $31M |
| Insight Venture Partners X LP | Insight Partners | 2017 | $29M |
| Firstmark Capital I LP | FirstMark Capital | 2014 | $24M |
| Frazier Healthcare Growth VIII Emerging manager | Frazier Group Management, LLC | — | $6.5M |
| Insight Partners XII LP | Insight Partners | 2021 | $5.9M |
In the app: 9 more venture funds, 4 funds of funds. Open The Northwestern Mutual Life Insurance Company in LP Intelligence for every fund it holds and how to reach it, or find the LPs that back firms like yours.
LPs nearby
Within 100 miles, by city: a trip to one can take in the others.
- Cascade Private Capital Fund
- First Trust Private Assets Fund
- First Trust Alternative Opportunities Fund
- Destiny Alternative Fund
- The Argosy Foundation
- Aspiriant Capital Appreciation Fund
- Hauske Family Foundation Inc
- Herbert H Kohl Charities Inc
86 LPs within 100 miles in all: see them on the map.
About this data
Interests in private funds as this insurer lists them on Schedule BA of the statutory annual statement it files with its state regulator. Amounts are the carrying value of each interest on its books, not commitments or returns. As of December 31, 2025. Source: Insurers' statutory annual statements, Schedule BA. Funds are linked to a manager by name; a match can be wrong, and the original filing is the record. How Hottub reads its sources.
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