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Principal Financial Group (PFG) delivers retirement solutions, asset management, and insurance services to global clients. This dedicated news hub provides investors and stakeholders with verified updates on PFG's financial performance, strategic partnerships, and market leadership.
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Principal Asset Management announced the launch of a new private infrastructure debt capability. This initiative aims to provide safety, stability, and enhanced returns for investors amidst constrained financing markets.
Mansi Patel, appointed as senior managing director and head of infrastructure debt, will lead the operations, growth, and strategy of this new venture. The new capability will invest in a diversified portfolio of private infrastructure debt focusing on globalization, decarbonization, and electrification.
This investment strategy promises higher risk premiums and lower default risk compared to public market sector equivalents. Patel will report to Todd Everett, global head of private markets at Principal Asset Management.
The Principal Financial Well-Being Index reveals businesses are poised for growth despite employee optimism lagging behind. The survey shows strong levels of growth and optimism among business owners and leaders, even in the face of high inflation. Businesses are looking to increase staff, invest in expansion, and upgrade infrastructure, signaling a positive economic outlook. However, employees are less positive about the economy, with only one-third feeling optimistic compared to two-thirds of employers.