Form D · Other Investment Fund

PRINCIPAL REAL ESTATE LIQUID DEBT FUND, LP

Des Moines, IA · CIK 0001811442

Offering snapshot reported May 5, 2026 · SEC filing

Reported sold
$234M
Indefinite offering
Investors reported
7
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Jun 1, 2020
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$117M$234MMay 27, 2021: $176,000,000.00May 27, 2021May 19, 2022: $176,000,000.00May 19, 2022May 18, 2023: $228,070,000.00May 18, 2023May 14, 2024: $234,070,000.00May 14, 2024May 6, 2025: $234,070,000.00May 6, 2025May 5, 2026: $234,070,000.00May 5, 2026

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported investors11 → 7

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
May 5, 2026Amendment$234,070,000$0vs May 6, 20257SEC filing
May 6, 2025Amendment$234,070,000$0vs May 14, 202411SEC filing
May 14, 2024Amendment$234,070,000$6,000,000vs May 18, 202311SEC filing
May 18, 2023Amendment$228,070,000$52,070,000vs May 19, 202211SEC filing
May 19, 2022Amendment$176,000,000$0vs May 27, 20214SEC filing
May 27, 2021Amendment$176,000,000No comparisonNot reportedSEC filing
May 29, 2020InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Equity, Pooled investment fund
Exemptions
06c, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0 (estimated)
Finders' fees
$0 (estimated)
Form D file number
021-367906

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
PRINCIPAL FUNDS DISTRIBUTOR, INC.43261

Source: Form D, filed May 5, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

PRINCIPAL REAL ESTATE LIQUID DEBT FUND, LP

Investment adviser: PRINCIPAL REAL ESTATE INVESTORS, LLC

Gross asset value
$60.5M
Beneficial owners
7
ADV minimum commitment
$1M

Reported in Form ADV on Aug 19, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Auditor ERNST & YOUNG LLP MINNEAPOLIS, Minnesota, United States
Custodian THE BANK OF NEW YORK MELLON NEW YORK, New York, United States Related to adviser: No
Marketer PRINCIPAL FUNDS DISTRIBUTOR, INC. DES MOINES, Iowa, United States Related to adviser: Yes
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
Yes

ERNST & YOUNG LLP
PCAOB 42

PRINCIPAL FUNDS DISTRIBUTOR, INC.
CRD 43261 · SEC 8-50200

Filing source

Form ADV 2124905 · Aug 19, 2026 · Schedule D 7.B.(1), fund 805-5539819888

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Scott Carson Executive
Margie Custis Executive
Christopher Duey Executive
Todd Everett Executive
Jason Haigh Executive
Indraneel Karlekar Executive
Marc Peterson Executive
N/A Principal Real Estate Investors, Llc Promoter
N/A Principal Real Estate Liquid Debt Fund Gp, Llc Promoter

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
801 Grand Avenue
Des Moines, IA, 50392