Principal Financial Group Closes Digital Infrastructure Fund with Record Capital Raise
In a significant move, Principal Financial Group Inc has successfully closed its Principal Data Center Growth & Income Fund, exceeding its target capital raise from a diverse global investor base. This achievement solidifies Principal’s position as a leader in digital infrastructure investments, further bolstering its capabilities in this rapidly evolving sector.
The fund’s closure marks a major milestone for Principal Real Estate, which now manages over $100 billion in global real estate assets. This impressive portfolio is a testament to Principal’s expertise in navigating the complex world of digital infrastructure investments.
The Principal Data Center Growth & Income Fund is poised to capitalize on the growing demand for hyperscale development assets across the United States. In partnership with Stream Data Centers, the fund will focus on acquiring and developing high-quality data center properties that meet the needs of the rapidly expanding digital economy.
Key Highlights:
- Principal Financial Group Inc successfully closed its Principal Data Center Growth & Income Fund, exceeding its target capital raise.
- The fund’s closure solidifies Principal’s position as a leader in digital infrastructure investments.
- Principal Real Estate now manages over $100 billion in global real estate assets.
- The Principal Data Center Growth & Income Fund will focus on acquiring and developing hyperscale development assets across the United States in partnership with Stream Data Centers.