Managers/Private credit/Iowa/Principal Asset Management

Principal Asset Management

Principal Asset Management is a private credit manager in Des Moines, IA. It is registered with the SEC as an investment adviser with $427.7B in regulatory assets and 1,394 staff. It has 4 funds on file, the latest reported in March 2024.

Funds on file
4
Raised, all funds
$45M
Regulatory assets
$427.7B
Staff
1,394
Pension investors
None found
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Mar 2024 Principal Alternative Credit Unlevered Fund (Offshore) - C, LP Private credit $0 $1B
Oct 2023 Principal Alternative Credit Fund, LP Private credit $0 $1B
Oct 2023 Principal Alternative Credit Fund (Offshore), LP Private credit $5M $1B
Oct 2023 Principal Alternative Credit Unlevered Fund, LP Private credit $40M $1B

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$427.7B
Employees1,394
Clients6,014 individuals, 951 companies, 578 pension plans, 315 wealthy individuals, 101 registered funds, 78 government, 60 insurers, 37 banks, 30 charities, 29 private funds and 12 sovereign wealth.
Control personsKamal Bhatia, George Djurasovic, Todd, Eugene Everett, Michael, Jason Goosay, Timothy, Allen Hill, Jill, Marie Hittner.
Private funds4 private funds holding $437.1M in gross assets.

Private funds it reports

FundTypeGross assets
Finisterre Emd Total Return Fund Hedge fund $373.6M
Principal Alternative Credit Unlevered Fund Hedge fund $38.5M
Principal Alternative Credit Unlevered Fund (offshore) - C Hedge fund $15.2M
Principal Alternative Credit Fund (offshore) Hedge fund $9.7M