Managers/Private credit/Iowa/Principal Real Estate

Principal Real Estate

Principal Real Estate is a private credit and private equity manager in Des Moines, IA. It is registered with the SEC as an investment adviser with $105.6B in regulatory assets and 477 staff. It has 8 funds on file, the latest reported in September 2026.

Funds on file
8
Raised, all funds
$2.8B
Regulatory assets
$105.6B
Staff
477
Pension investors
None found
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Sep 2026 Principal Real Estate Open-End Debt Fund, L.P. Private credit $356M Not given
May 2026 PRINCIPAL REAL ESTATE LIQUID DEBT FUND, LP Private credit $234.1M Not given
Oct 2024 Principal Data Center Growth & Income Fund (Cayman Parallel), L.P. Private equity $750K Not given
Jul 2024 Principal Data Center Growth & Income Fund, L.P. Private equity $1.6B Not given
Dec 2022 Principal Green Property Fund III, LP Private equity $0 Not given
Dec 2022 Principal Green Property Fund III (US Parallel), LP Private equity $0 Not given
May 2021 Principal Digital Real Estate Fund, LP Private equity $457.4M Not given
May 2021 Principal Digital Real Estate Fund (A), LP Private equity $71.7M Not given

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$105.6B
Employees477
Clients427 individuals, 52 government, 46 insurers, 39 banks, 39 pension plans, 37 wealthy individuals, 16 registered funds, 8 companies, 6 charities, 6 private funds and 5 sovereign wealth.
Control personsKamal Bhatia, George Djurasovic, Todd, Eugene Everett, Timothy, Allen Hill, Jill, Marie Hittner, Justin, Thomas Lange.
Private funds17 private funds holding $7.8B in gross assets.

Private funds it reports

FundTypeGross assets
Principal Enhanced Property Fund Hedge fund $4.8B
Principal Data Center Growth & Income Fund Hedge fund $2.1B
Principal Real Estate Open-end Debt Fund Hedge fund $192.5M
Principal Digital Real Estate Fund Hedge fund $191.5M
Principal Real Estate Liquid Debt Fund Hedge fund $115M
Principal U.S. Property Fund Other $91.2M
Principal Real Estate Strategic Debt Fund I Hedge fund $88.6M
Principal European Core Fund US Scsp Hedge fund $58.3M
Principal Data Center Growth & Income Fund (cayman Parallel) Hedge fund $45.1M
Principal Digital Real Estate Fund (A) Hedge fund $29.9M
801 Grand Other $21.2M
Principal Green Property Fund Iii Hedge fund $1.8M
Principal Green Property Fund Iii (US Parallel) Hedge fund $1.1M
Principal Real Estate Debt Fund Employees Iii Other $673.2K
Princal Principal Member Employees Hedge fund $598.7K