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Get to know our investment team.

Principal Alternative Credit, the direct lending investment team within Principal Asset Management, expands on the 50+ year private credit lending heritage of Principal.1 We focus on relationship lending by providing flexible financing solutions to both sponsor-backed and non-sponsored middle market companies throughout North America.

  • Strong industry track record
    Over 150 years of credit investing experience among senior investment team.

  • Diverse origination capabilities
    Dedicated coverage of more than 300 private equity firms plus non-sponsored loan origination direct with borrowers, through advisors and the Principal client network.

  • Stable capital base
    Stable and committed capital base from Principal’s balance sheet, and will have dedicated outside capital, offering a multiplier effect to capital commitment levels.

  • Flexible offering
    Ability to invest up and down the capital structure with a variety of financing offerings and structures.

  • Expansive capabilities
    Robust originations, underwriting, and portfolio staff comprised of seasoned credit investors with experience across industry verticals and debt securities.

Delivering value through middle market lending.

Direct Lending
Investing in private debt transactions to support leveraged buyouts, refinancings, recapitalizations and growth.
Investor relations
Offering investment opportunities within the direct lending market, an asset class that has historically delivered attractive risk-adjusted returns with low volatility.

Get the latest insights.

Fixed income
5 min

A compelling entry point for MBS

MBS may provide a degree of stability during an overall economic downturn.

Expert
Derek White, Ph.D.
Head of Risk Management, Fixed Income
Fixed income
2 min

Credit spreads: Positioning for potential alpha

Future returns will likely come from alpha, rather than from spread compression, in the year ahead.

Macro views
2 min

Commodities: Cooling, not capitulating

Real assets remain potentially attractive for real earning power with a defensive orientation.

1Experience includes investment management activities of predecessor firms beginning with the investment department of Principal Life Insurance Company.

Past performance does not guarantee future results.

Investments in private debt, including leveraged loans, middle market loans, and mezzanine debt, are subject to various risk factors, including credit risk, liquidity risk and interest rate risk.

Fixed‐income investment options are subject to interest rate risk, and their value will decline as interest rates rise.

Principal Alternative Credit is an investment team within Principal Global Investors.