Principal Asset Management is an SEC-registered investment adviser based in Des Moines, IA that reports managing 6 hedge funds on Form ADV. It reports $427.7 billion in regulatory assets under management. Its private funds, of all types, hold $972.6 million in gross assets.
- Regulatory assets under management
- $427.7 billionForm ADV Item 5.F
- Gross assets of private funds
- $972.6 millionAll private fund types, Form ADV
- Hedge funds managed
- 610 private funds in total
- Employees
- 1,394Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 109002
- Latest Form ADV
- 05/28/2026Disciplinary disclosures: none reported
Real estate funds filing Form D (1)
Fund
First sale
Raised
Investors
Minimum
Offering
Principal Credit Real Estate Income Trust
Des Moines, IAEmerging
First saleJan 2026
Raised$74K
Investors74
Minimum$1K
Offering506(b)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (4)
Fund
Gross assets
Minimum
Owners
Adviser
Finisterre Emd Total Return Fund, LP
Delaware, United StatesHedge fund
Gross assets$374M
Minimum$20.0M
Owners2
AdviserPrincipal Asset Management
Principal Alternative Credit Unlevered Fund, LP
Delaware, United StatesHedge fund
Gross assets$38.5M
Minimum$5.0M
Owners1
AdviserPrincipal Asset Management
Principal Alternative Credit Unlevered Fund (Offshore) - C, LP
Cayman IslandsHedge fund
Gross assets$15.2M
Minimum$5.0M
Owners1
AdviserPrincipal Asset Management
Principal Alternative Credit Fund (Offshore), LP
Cayman IslandsHedge fund
Gross assets$9.7M
Minimum$5.0M
Owners1
AdviserPrincipal Asset Management
As reported in the adviser's Form ADV filed Aug 23, 2024. Funds also listed from Form D are shown above.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures