Norwest Venture Partners has closed its fourteenth investment fund with approximately $1.5 billion in capital commitments. The fund, called Norwest Venture Partners XIV, is the firm’s largest to date.

Fund XIV will target “disruptive and market-leading” businesses involved in the consumer, enterprise and healthcare industries. The fund will consider companies from seed to late-stage. Fund XIV follows Norwest Venture Partners XIII, the firm’s preceding fund, which closed in January 2016 with$1.2 billion in capital commitments.

Norwest Venture Partners is a multi-stage investment firm with offices in San Francisco and Palo Alto, California. With the raising of fund XIV, the firm now has more than $7.5 billion in capital commitments. The firm’s portfolio consists of investments in companies such as Uber, Udemy, Spotify, Lending Club and Pepperfry. Norwest Venture Partners’ Sonya Brown was recognized as one of Mergers & Acquisitions’ Most Influential Women in Mid-Market M&A. Brown sits on the boards of the companies she is currently invested in: PCA Skin, The Learning Experience and Bailey 44. She is also a board observer at Madison Reed and Kendra Scott Designs.

Other middle-market and consumer-focused investment funds include: Brynwood Partners raising $649 million in capital commitments to back consumer businesses; Morgan Stanley (NYSE: MS) closing its first private equity co-investment fund; and LightBay Capital raising more than half a billion for its first private equity fund.