Principal Financial Group

Principal Financial Group is a global investment management firm based in Des Moines, Iowa, founded in 1879. The company specializes in providing a wide array of financial products and services, including retirement savings, investment management, and insurance solutions tailored for businesses, individuals, and institutional clients. Principal Financial Group leverages local insights and global perspectives to identify investment opportunities and optimize results for its clients. As a registered investment adviser, the firm is committed to delivering comprehensive retirement services and asset management, supported by a skilled executive management team overseeing its operations.

Kara Hoogensen

Senior Vice President, Benefits and Protection and Head of Workplace Benefits

11 past transactions

Ascensus - ESOP Business

Acquisition in 2024
Ascensus - ESOP Business is a qualified retirement plan with corporate finance and aligns employees’ retirement benefits with a plan sponsor’s business goals.

EvolutionIQ

Series B in 2023
EvolutionIQ is a company specializing in artificial intelligence solutions for insurance carriers, focusing on disability and general liability sectors. Its innovative platform enhances claims processing by effectively tracking team productivity and identifying fraud trends. By reducing reserves and losses, minimizing cycle times, and lowering operational expenses, EvolutionIQ aims to improve overall customer satisfaction. The platform also offers clients a comprehensive fraud detection dashboard, contributing to a more fair, transparent, and affordable insurance landscape. Through its technology, EvolutionIQ seeks to transform the insurance industry by making claims management more efficient and reliable.

Wells Fargo & Company - Institutional Retirement & Trust business

Acquisition in 2019
Wells Fargo & Company - Institutional Retirement & Trust business offer comprehensive services for 401(k) and other retirement plans that include a wide range of investment options, participant communication, and fiduciary support.

Limelight Health

Series C in 2019
Limelight Health, Inc. is a technology company that specializes in developing a cloud-based platform designed for the employee benefits industry, focusing on quoting, underwriting, and proposal generation. Founded in 2014 and headquartered in San Francisco, California, with additional offices in Redding and Des Moines, Limelight Health offers a comprehensive suite of services that streamline and automate various processes for health insurance carriers, general agents, and brokers. The platform enhances user experience by simplifying workflows, enabling seamless integration with other industry systems, and facilitating new business acquisition. Its features include quoting, rating, proposal generation, renewals, and automated processing for various functions, all aimed at modernizing the sales and underwriting processes within the insurance sector. As of 2020, Limelight Health operates as a subsidiary of FINEOS Corporation Holdings plc.

RobustWealth

Acquisition in 2018
RobustWealth LLC is a financial technology company based in Lambertville, New Jersey, with additional offices in Denver, Colorado, and Woodside, California. As a subsidiary of Principal Innovations, Inc., RobustWealth specializes in providing a comprehensive digital wealth management platform tailored for investment advisors and community banks. The platform integrates various features into a cohesive suite, allowing advisors to streamline their practices and enhance client interactions. By offering a full technology stack, investment services, and business automation solutions, RobustWealth aims to optimize the operational efficiency and effectiveness of financial advisors in managing their clients' needs.

Cuprum AFP

Acquisition in 2013
Cuprum AFP with more than 34 years in the pension system, where we are renowned for delivering service and consulting excellence.

Palisade Systems

Venture Round in 2009
Palisade Systems, Inc. is a provider of enterprise content security and data protection solutions, specializing in data loss prevention and web monitoring. Founded in 1996 in Ames, Iowa, and currently headquartered in Des Moines, Iowa, the company offers a range of products designed to secure private data and control network traffic. Key offerings include PacketSure, a network appliance that protects sensitive information; PacketGuard, which safeguards machines against unauthorized access; PacketDecoy, a device that intercepts and analyzes hackers; and ScreenDoor, which monitors and restricts Internet access. Palisade Systems aims to secure intellectual property and client information, ensure compliance with federal privacy and industry security regulations, and facilitate access management to internal resources. Its client base spans the healthcare, financial services, insurance industries, as well as educational institutions across North America and Europe. The company also provides installation assistance and training services to enhance its product effectiveness.

Palisade Systems

Series E in 2005
Palisade Systems, Inc. is a provider of enterprise content security and data protection solutions, specializing in data loss prevention and web monitoring. Founded in 1996 in Ames, Iowa, and currently headquartered in Des Moines, Iowa, the company offers a range of products designed to secure private data and control network traffic. Key offerings include PacketSure, a network appliance that protects sensitive information; PacketGuard, which safeguards machines against unauthorized access; PacketDecoy, a device that intercepts and analyzes hackers; and ScreenDoor, which monitors and restricts Internet access. Palisade Systems aims to secure intellectual property and client information, ensure compliance with federal privacy and industry security regulations, and facilitate access management to internal resources. Its client base spans the healthcare, financial services, insurance industries, as well as educational institutions across North America and Europe. The company also provides installation assistance and training services to enhance its product effectiveness.

LightEdge Solutions

Private Equity Round in 2004
LightEdge Solutions is a cloud computing and data center service provider based in Des Moines, Iowa. The company offers a comprehensive range of IT services, including premier colocation, private Infrastructure as a Service (IaaS), and cloud platforms. LightEdge specializes in disaster recovery and security services, designed to support complex hybrid IT deployments. Their solutions are backed by industry-leading global security and compliance standards, ensuring that clients receive the highest levels of security and flexibility for their mission-critical IT operations. The company's facilities are purpose-built and owned, showcasing integrated disaster recovery solutions and an array of premium cloud options that together form a robust Hybrid Cloud Solution Center model.

Duke Energy Renewables

Duke Energy Renewables generates electricity from renewable resources in the transition to cleaner energy.

Duke Energy Renewables

Duke Energy Renewables generates electricity from renewable resources in the transition to cleaner energy.
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