# Principal Financial Group: portfolio, investments and team > Principal Financial Group is a growth equity based in United States. 2 investments on record, latest Apr 2005. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/principal-financial-group (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Principal Financial Group Last cheque observed Apr 2005. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet Growth equity Growth Series E Follow Principal Financial Group and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fprincipal-financial-group) Cheques on record **0%** of best year **0** **cheques in 12 months**, 2 on record Since the last cheque **7869** days **00** hrs **00** min **00** sec Median round **$3.5M** Rounds led **0 of 2** Exits **1 from the portfolio** Pitch Principal Financial Group ## Principal Financial Group highlights - 01 2 rounds on record - 02 Mostly Growth and Series E: 100% of its rounds - 03 1 exits from the portfolio ## What they do - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Based in:** DES MOINES, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2005** 1 round - **Apr** **[Palisade Systems](https://millionrounds.com/company/palisade-systems)** Series E · US · ca.sys-con.com **$2.0M** With 2 others - **2004** 1 round - **Apr** **[Lighthouse Communications](https://millionrounds.com/company/lighthouse-communications)** Growth · US **$5.0M** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **13 named** AC **Amy Christine Friedrich** Director i Form ADV CK **Carla Kay Beitzel** Vice President of Distribution i Form ADV CT **Chad Thomas Claire** Chief Information Officer i Form ADV CA **Cody Anthony Lawler** Head of Supervision, Head of Operations i Form ADV CA **Craig Alan Spadafora** Senior Vice President / Head of Advisory and Platform i Form ADV DS **Daniel Simon Vanwinkle** Psi AML Officer i Form ADV DM **Dawn Marie Roberts** Chief Financial Officer i Form ADV DD **Deanna Dawnette Strable-Soethout** Director i Form ADV DJ **Douglas John Rants** Chief Information Security Officer i Form ADV KA **Kenneth Allen Mccullum** Director i Form ADV MF **Michael Francis Murray** President/Chief Executive Officer/Chair i Form ADV NP **Nathan Paul Schelhaas** Director i Form ADV TJ **Thomas John Drogan** Chief Compliance Officer i Form ADV We also hold **15** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$18B** assets it manages, 2 advisers combined Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Principal Securities, Inc. - **SEC number:** CRD 297324 ## Exits from the portfolio Companies it backed that were later bought or listed **1 in all** **[Palisade Systems](https://millionrounds.com/company/palisade-systems)** Bought by Absolute Software **Undisclosed** Jun 2013 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Growth Series E Median round joined **$3.5M** the round, not its cheque Led 0 of 2 rounds **0%** - **Sole investor:** Never alone - **Last cheque:** Apr 2005 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Growth *1* - Series E *1* Cheques by year Led Joined 2004 2005 Often in the room with - [Equity Dynamics, Inc.](https://millionrounds.com/fund/equity-dynamics-inc) 2 **Pitching Principal Financial Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Principal Financial Group. A count of rooms they were both in, not a relationship either has claimed. [**Equity Dynamics, Inc.** Growth equity **2** rounds together](https://millionrounds.com/fund/equity-dynamics-inc) ## Quick answers about Principal Financial Group ### What does Principal Financial Group invest in? Principal Financial Group invests most often at Growth and Series E (100% of the rounds on record). ### How active is Principal Financial Group? 2 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2005. ### How big are Principal Financial Group's cheques? The median round it joins is $3.5M. ### Is Principal Financial Group investing now? No investments in the last 12 months; the latest was in Apr 2005. ### Who does Principal Financial Group invest alongside? Most often Equity Dynamics, Inc. (2 rounds together). ### What kind of investor is Principal Financial Group? Principal Financial Group is a growth equity firm based in DES MOINES, United States. ### How much does Principal Financial Group manage? About $18B, as regulatory assets under management, 2 advisers added together (Oct 2026). ### When was Principal Financial Group founded? Principal Financial Group was founded in 1879. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=principal-financial-group) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=principal-financial-group)