Private investment funds in Iowa
47 funds filed a Form D between Nov 3, 2024 and Nov 3, 2026, plus 1 single-deal vehicles (SPVs and co-investments). Largest cities: West Des Moines (29), Des Moines (10), Cedar Rapids (1), Clear Lake (1), Pella (1).
47private investment funds
24emerging managers
22first sale since 2025
$4.0Mmedian raised
Private investment funds by city
Lists: Largest private investment funds in Iowa · New private investment funds in Iowa · Emerging private investment managers in Iowa
All 47 private investment funds in Iowa
Fund
First sale
Raised
Investors
Minimum
Offering
Principal Enhanced Property Fund, L.P.
Des Moines, IA506(c)
First saleMay 2004
Raised$4.9B
Investors170
MinimumNone set
Offering506(c)
FSBA AAM Strategic Fund III, LP
Cedar Rapids, IA
First saleJun 2025
Raised$500M
Investors1
MinimumNone set
Offering506(b)
Principal Real Estate Open-End Debt Fund, L.P.
Des Moines, IA506(c)
First saleJun 2023
Raised$356M
Investors16
MinimumNone set
Offering506(c)
PCL Fund II, LP
Des Moines, IA
First saleMar 2026
Raised$300M
Investors2
MinimumNone set
Offering506(b)
Principal Real Estate Liquid Debt Fund, LP
Des Moines, IA506(c)
First saleJun 2020
Raised$234M
Investors7
MinimumNone set
Offering506(c)
Curql Fund II, LLLP
Des Moines, IA506(c)
First saleApr 2024
Raised$224M
Investors60
Minimum$2.0M
Offering506(c)
Principal U.S. Property Fund, L.P.
Des Moines, IA506(c)
First saleJun 2022
Raised$138M
Investors10
MinimumNone set
Offering506(c)
Midwest Growth Partners IV, LP
West Des Moines, IA506(c)
First saleDec 2024
Raised$56.7M
Investors24
MinimumNone set
Offering506(c)
LCS Management Holding Company, LLC
Des Moines, IAEmerging
First saleApr 2026
Raised$20.6M
Investors0
MinimumNone set
Offering506(b)
Farmers Innovation Fund II, L.P.
Clear Lake, IAEmerging
First saleSep 2026
Raised$10.6M
Investors3
Minimum$1.0M
Offering506(b)
Valiant Consano II, LLC
West Des Moines, IAEmerging
First saleMay 2024
Raised$10.2M
Investors49
Minimum$25K
Offering506(b)
KFG Money Market, LLC
Pella, IA
First saleSep 2015
Raised$10.0M
Investors7
MinimumNone set
Offering506(b)
Asymmetria Investors III, LLC - FL Industrial (PS)
West Des Moines, IAEmerging
First saleFeb 2025
Raised$10.0M
Investors82
Minimum$50K
Offering506(b)
Asymmetria Investors III, LLC - Royal Productions (PS)
West Des Moines, IAEmerging
First saleNov 2024
Raised$7.1M
Investors69
Minimum$50K
Offering506(b)
Valiant BMC IV, LLC
West Des Moines, IAEmerging
First saleJun 2025
Raised$5.3M
Investors37
Minimum$25K
Offering506(b)
Preferred Tool Acquisition LLC
Huxley, IAEmerging506(c)
First saleJan 2026
Raised$4.4M
Investors28
Minimum$20K
Offering506(c)
Asymmetria Investors III, LLC - Provider II (PS)
West Des Moines, IAEmerging
First saleFeb 2026
Raised$4.0M
Investors35
Minimum$50K
Offering506(b)
Asymmetria Investors III, LLC - AME (PS)
West Des Moines, IAEmerging
First saleJan 2026
Raised$3.7M
Investors40
Minimum$50K
Offering506(b)
ADC Holdings, LLC
Adair, IAEmerging
First saleSep 2025
Raised$3.7M
Investors20
Minimum$50K
Offering506(b)
Asymmetria Investors III, LLC - Pensacola SS (PS)
West Des Moines, IAEmerging
First saleFeb 2025
Raised$3.3M
Investors28
Minimum$50K
Offering506(b)
Asymmetria Investors III, LLC - St. Albans (PS)
West Des Moines, IAEmerging
First saleMar 2025
Raised$2.9M
Investors28
Minimum$50K
Offering506(b)
Asymmetria Investors III, LLC - BlackJet (PS)
West Des Moines, IAEmerging
First saleAug 2025
Raised$2.5M
Investors29
Minimum$50K
Offering506(b)
Asymmetria Investors III, LLC - Firestone (PS)
West Des Moines, IAEmerging
First saleFeb 2025
Raised$2.4M
Investors10
Minimum$50K
Offering506(b)
Asymmetria Investors III, LLC - Callodine AWP (PS)
West Des Moines, IAEmerging
First saleDec 2024
Raised$2.0M
Investors9
Minimum$50K
Offering506(b)
Prosperity Partners 101, LLC
Urbandale, IA
First sale—
Raised$1.9M
Investors7
Minimum$40K
Offering506(b)
Asymmetria Investors III, LLC - Insured SA VGA (PS)
West Des Moines, IAEmerging
First saleDec 2025
Raised$1.6M
Investors8
Minimum$50K
Offering506(b)
Valiant Sucker Punch III, LLC
West Des Moines, IAEmerging
First saleMay 2026
Raised$1.2M
Investors4
Minimum$25K
Offering506(b)
Valiant Consano III, LLC
West Des Moines, IAEmerging
First saleMay 2025
Raised$1.1M
Investors2
Minimum$25K
Offering506(b)
Valiant Equipment Leasing II, LLC
West Des Moines, IAEmerging
First saleJun 2025
Raised$400K
Investors2
Minimum$200K
Offering506(b)
Valiant Equipment Leasing, LLC
West Des Moines, IAEmerging
First saleOct 2024
Raised$400K
Investors2
Minimum$25K
Offering506(b)
Valiant Vexilar II, LLC
West Des Moines, IAEmerging
First saleApr 2026
Raised$325K
Investors4
Minimum$25K
Offering506(b)
Merit Capital Preferred Equity Fund I, LLC
Johnston, IAEmerging
First saleMay 2026
Raised$250K
Investors1
Minimum$50K
Offering—
Valiant Fieldsync, LLC
West Des Moines, IAEmerging
First saleFeb 2025
Raised$250K
Investors1
Minimum$25K
Offering506(b)
Athene Annuity & Life Co
West Des Moines, IAEmerging
First saleApr 2026
Raised$100K
Investors1
Minimum$100K
Offering506(b)
Timberview Energy Fund, Limited Partnership
Bettendorf, IA506(c)
First sale—
Raised$0
Investors0
Minimum$50K
Offering506(c)
Valiant Bmc VI, LLC
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$24K
Offering506(b)
Valiant Bmc V, LLC
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$25K
Offering506(b)
Asymmetria Investors III, LLC - Nuasin Charter School (PS)
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$50K
Offering506(b)
Valiant Consano IV, LLC
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$25K
Offering506(b)
Asymmetria Investors III, LLC - Callodine SBIC Fund III (PS)
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$50K
Offering506(b)
Valiant BMC II, LLC
Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$25K
Offering506(b)
Asymmetria Investors III, LLC - Malum 2025 SAFE (PS)
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$10K
Offering506(b)
Valiant Magnus, LLC
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$50K
Offering506(b)
Valiant Rambo II, LLC
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$25K
Offering506(b)
Asymmetria Investors III, LLC - Aeromed II (PS)
West Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$50K
Offering506(b)
Valiant Shadow Creek II, LLC
Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$25K
Offering506(b)
Valiant Bmc III, LLC
Des Moines, IA
First sale—
Raised$0
Investors0
Minimum$25K
Offering506(b)