Investment Range
$25M – $500M USD
Close Timeline
Standard — 30–60 days
Deal Types
Senior
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.
This fund is handled through a TerraNova banker engagement — not a self-serve intro fee.
Banker engagement
Contacting Principal Private Credit through TerraNova is an advisory path — materials, diligence readiness, and process — not a low-fee self-serve intro.
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Profile and contact information is compiled from public sources and TerraNova's own research. It is not provided or endorsed by the fund, and accuracy is not guaranteed.