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Principal Asset Management
Principal Asset Management is a asset manager based in Des Moines, founded 1913; the Altss profile covers its classification, headquarters, registration, AUM...
Principal Asset Management
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General information
Firm type
Generalist
Year founded
1913
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Des Moines
Corporate office
Des Moines, IA, United States
Frequently asked questions
What is the legal structure of Principal Asset Management?
Principal Asset Management is the primary investment management division of Principal Financial Group, a publicly traded company on the Nasdaq under the ticker PFG. It is not a separate subsidiary or independent partnership. The asset manager consolidates PFG's fund management, advisory, and distribution activities under one operating brand.
What investment vehicles does the firm offer?
The firm offers a broad mix of pooled and separate account vehicles. These include open-end mutual funds, exchange-traded funds (ETFs), interval funds, collective investment trusts (CITs), and separately managed accounts (SMAs). This multi-vehicle approach allows the firm to serve direct retail, retirement plan, and institutional mandates from the same platform.
Is the firm's capital base purely third-party, or does it manage parent-company assets?
The firm manages predominantly third-party client assets gathered through its distribution network. However, as the asset management arm of a major life insurer, it likely manages some portion of the general account assets of Principal Financial Group, giving it a hybrid capital base that combines captive insurance assets with external institutional and retail flows.
Does Principal Asset Management make direct private equity or venture capital investments?
Based on its publicly listed vehicle types — mutual funds, ETFs, interval funds, CITs, and SMAs — the firm appears focused on liquid and semi-liquid strategies rather than closed-end private equity funds. The interval fund structure may hold less liquid assets, but the firm does not publicly market a traditional private equity direct investment program on its primary website.
How does the firm distribute its funds to investors?
The firm distributes primarily through intermediary channels linked to Principal Financial Group's retirement and insurance networks. Its CITs target US retirement plans, while its mutual funds and ETFs are available on major brokerage and advisory platforms. SMAs typically reach clients through wealth management firms and institutional consultants.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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