Principal Data Center Growth & Income Fund Employees, L.P.
Principal Data Center Growth & Income Fund Employees, L.P. is a private equity fund based in Des Moines, Iowa. According to its most recent Form D, filed Nov 25, 2024, it has sold $13,110,000 of interests to 43 investors since its first sale in Nov 2024. 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. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Principal Real Estate Investors, LLC; Principal Data Center Growth & Income Fund Employees GP, LLC.
- Total raised
- $13,110,000Cumulative sales reported on Form D
- Investors
- 43
- First sale
- Nov 13, 2024
- 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; Principal Data Center Growth & Income Fund Employees GP, LLC
- Latest Form D
- Nov 25, 2024
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 Principal Data Center Growth & Income Fund Employees, L.P.
What is the minimum investment for Principal Data Center Growth & Income Fund Employees, L.P.?
Principal Data Center Growth & Income Fund Employees, L.P.'s latest Form D, filed Nov 25, 2024, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Principal Data Center Growth & Income Fund Employees, L.P.?
Principal Data Center Growth & Income Fund Employees, L.P. 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 Principal Data Center Growth & Income Fund Employees, L.P. raised?
Principal Data Center Growth & Income Fund Employees, L.P. reports $13,110,000 sold from 43 investors on its Form D filed Nov 25, 2024. This is cumulative sales since the offering began, not current assets or performance.
Where is Principal Data Center Growth & Income Fund Employees, L.P. based?
Principal Data Center Growth & Income Fund Employees, L.P. is based in Des Moines, Iowa and is managed by Principal Real Estate.
When did Principal Data Center Growth & Income Fund Employees, L.P. launch?
Principal Data Center Growth & Income Fund Employees, L.P. reports its first sale in Nov 2024, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private equity fund
Raised more than 71% of the 7 private equity funds based in Iowa, and more than 46% of all 9,142 that report sales.