Principal® closes $3.64 billion capital raise for Data Center Growth & Income Fund
Principal Asset Management has successfully closed its Principal Data Center Growth & Income Fund with a substantial $3.64 billion capital raise, exceeding the target from a diverse global investor base. The fund, which represents Principal's third discretionary data center-focused vehicle, is expected to capitalize over $8 billion of hyperscale development assets across the United States in partnership with Stream Data Centers.
The fund closure strengthens Principal's position in digital infrastructure investments, with Principal Real Estate managing over $100 billion in global real estate assets. As a top 10 global real estate manager, Principal Real Estate has been investing in data centers since 2007, currently maintaining data center assets under management and a construction pipeline valued at $11 billion.
Principal Asset Management ha chiuso con successo il suo Principal Data Center Growth & Income Fund con un sostanziale raccolta di capitali di 3,64 miliardi di dollari, superando l'obiettivo grazie a una base di investitori globali diversificata. Il fondo, che rappresenta il terzo veicolo discrezionale di Principal focalizzato sui data center, si prevede che capitalizzerà oltre 8 miliardi di dollari di asset di sviluppo hyperscale negli Stati Uniti in partnership con Stream Data Centers.
La chiusura del fondo rafforza la posizione di Principal negli investimenti in infrastrutture digitali, con Principal Real Estate che gestisce oltre 100 miliardi di dollari in asset immobiliari globali. Come uno dei primi 10 gestori immobiliari a livello globale, Principal Real Estate investe in data center dal 2007, mantenendo attualmente asset di data center sotto gestione e un pipeline di costruzione valutata 11 miliardi di dollari.
Principal Asset Management ha cerrado con éxito su Principal Data Center Growth & Income Fund con una recaudación de capital sustancial de 3,64 mil millones de dólares, superando el objetivo gracias a una base de inversionistas globales diversa. El fondo, que representa el tercer vehículo discrecional de Principal enfocado en data centers, se espera que capitalice más de 8 mil millones de dólares en activos de desarrollo hyperscale en los Estados Unidos en asociación con Stream Data Centers.
El cierre del fondo fortalece la posición de Principal en inversiones en infraestructura digital, con Principal Real Estate gestionando más de 100 mil millones de dólares en activos inmobiliarios globales. Como uno de los 10 principales gestores inmobiliarios a nivel mundial, Principal Real Estate ha estado invirtiendo en data centers desde 2007, manteniendo actualmente activos de data centers bajo gestión y una cartera de construcción valorada en 11 mil millones de dólares.
Principal Asset Management는 Principal Data Center Growth & Income Fund를 성공적으로 마감하며 36억 4천만 달러의 자본을 모금하였으며, 다양한 글로벌 투자자 기반에서 목표를 초과 달성했습니다. 이 펀드는 Principal의 세 번째 데이터 센터 중심의 재량적 차량으로, Stream Data Centers와의 파트너십을 통해 미국 전역에서 80억 달러 이상의 하이퍼스케일 개발 자산을 활용할 것으로 예상됩니다.
펀드 마감은 Principal의 디지털 인프라 투자 위치를 강화하며, Principal Real Estate는 전 세계 부동산 자산을 1천억 달러 이상 관리하고 있습니다. 세계 10대 부동산 관리자로서, Principal Real Estate는 2007년부터 데이터 센터에 투자해 왔으며, 현재 110억 달러로 평가되는 데이터 센터 자산 및 건설 파이프라인을 관리하고 있습니다.
Principal Asset Management a réussi à clôturer son Principal Data Center Growth & Income Fund avec une levée de fonds substantielle de 3,64 milliards de dollars, dépassant l'objectif grâce à une base d'investisseurs mondiaux diversifiée. Le fonds, qui représente le troisième véhicule discrétionnaire de Principal axé sur les centres de données, devrait capitaliser plus de 8 milliards de dollars d'actifs de développement hyperscale aux États-Unis en partenariat avec Stream Data Centers.
La clôture du fonds renforce la position de Principal dans les investissements en infrastructures numériques, Principal Real Estate gérant plus de 100 milliards de dollars d'actifs immobiliers mondiaux. En tant que l'un des 10 principaux gestionnaires immobiliers au monde, Principal Real Estate investit dans des centres de données depuis 2007, maintenant actuellement des actifs de centres de données sous gestion et un pipeline de construction évalué à 11 milliards de dollars.
Principal Asset Management hat erfolgreich seinen Principal Data Center Growth & Income Fund mit einer erheblichen Kapitalbeschaffung von 3,64 Milliarden Dollar abgeschlossen, was das Ziel von einer vielfältigen globalen Investorenbasis übertrifft. Der Fonds, der das dritte diskretionäre Fahrzeug von Principal mit Fokus auf Datenzentren darstellt, wird voraussichtlich über 8 Milliarden Dollar an Hyperscale-Entwicklungsvermögen in den Vereinigten Staaten in Partnerschaft mit Stream Data Centers nutzen.
Der Abschluss des Fonds stärkt die Position von Principal in digitalen Infrastrukturinvestitionen, wobei Principal Real Estate über 100 Milliarden Dollar an globalen Immobilienvermögen verwaltet. Als einer der 10 größten Immobilienverwalter weltweit investiert Principal Real Estate seit 2007 in Datenzentren und verwaltet derzeit Datenzentrumvermögen und eine Baupipeline im Wert von 11 Milliarden Dollar.
- Raised $3.64 billion, exceeding target
- Expected to capitalize over $8 billion in hyperscale development assets
- $11 billion in data center assets under management and pipeline
- Partnership with Stream Data Centers for development
- None.
The Fund is expected to capitalize more than
"Closing this fund marks a pivotal moment for Principal Asset Management as we continue to respond to the surging demand for digital infrastructure,” said John Berg, senior managing director and global head of private real estate at Principal Asset Management. “The success of this fundraise affirms our deep expertise in data center investments and we are grateful for the trust and confidence of our diverse group of investors. This strategy aligns with our focus on investing in scalable sectors of the market that we expect to benefit from secular tailwinds and continues our expansion into opportunistic real estate strategies."
Principal Real Estate, the dedicated real estate investment team of Principal Asset Management, is a top 10 global real estate manager1 and has been investing in data centers since 2007, with data center assets under management and a construction pipeline of
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[1] Managers ranked by total worldwide real estate assets (net of leverage, including contributions committed or received, but not yet invested; REOCs are included with equity; REIT securities are excluded), as of 30 June 2024. “The Largest Real Estate Investment Managers,” Pensions & Investments, 7 October 2024
[2] As of December 31, 2024
[3] Pensions & Investments, “The Best Places to Work in Money Management”, among companies with 1,000 or more employees, December 2024.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250228951453/en/
Media Contact: Erin Parro, parro.erin@principal.com, 515-878-0130
Source: Principal Asset Management
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