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Principal Eyes $3 Billion for Two Data Center Funds on AI Boom

Bloomberg Tech · May 8, 2026, 1:12 AM · Also reported by 4 other sources

Principal Financial Group Inc. is seeking to raise $3 billion for two funds this year to capitalize on demand for investment in data centers in the US and Europe, according to people familiar with the matter.

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Principal Eyes $3 Billion for Two Data Center Funds on AI Boom

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