PCL Fund II, LP
PCL Fund II, LP is a private investment fund based in Des Moines, Iowa. According to its most recent Form D, filed Mar 17, 2026, it has sold $300,000,000 of interests to 2 investors since its first sale in Mar 2026. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Principal Real Estate Investors, LLC; PCL Fund II GP, LLC.
- Total raised
- $300,000,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Mar 16, 2026
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Principal Real Estate Investors, LLC; PCL Fund II GP, LLC
- Latest Form D
- Mar 17, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about PCL Fund II, LP
What is the minimum investment for PCL Fund II, LP?
PCL Fund II, LP's latest Form D, filed Mar 17, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in PCL Fund II, LP?
PCL Fund II, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has PCL Fund II, LP raised?
PCL Fund II, LP reports $300,000,000 sold from 2 investors on its Form D filed Mar 17, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is PCL Fund II, LP based?
PCL Fund II, LP is based in Des Moines, Iowa and is managed by Principal Real Estate.
When did PCL Fund II, LP launch?
PCL Fund II, LP reports its first sale in Mar 2026.
Size compared with every private investment fund
Raised more than 91% of the 47 private investment funds based in Iowa, and more than 83% of all 10,333 that report sales.