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Investment Range
$25M – $500M USD
Close Timeline
Standard — 30–60 days
Deal Types
—
Sectors
—
Geographies
North America
AUM
$4.5B
Headquarters
Des Moines, IA, USA
Principal Alternative Credit is the direct lending arm of Principal Asset Management, providing senior debt financing to lower and core middle market companies across North America. It targets facility sizes of $25-$500 million for borrowers with a minimum of $5 million of EBITDA, lending to both sponsor-backed and non-sponsored businesses. The strategy has closed on over $4.5 billion in commitments since launching in 2020.
Short deal overview → banker reviews → warm intro, typically within one business day.
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