| Item 1. | |
| (a) | Name of issuer:
Carlyle Tactical Private Credit Fund |
| (b) | Address of issuer's principal executive offices:
ONE VANDERBILT AVE STE 3400, NEW YORK, NEW YORK
10017 |
| Item 2. | |
| (a) | Name of person filing:
This Statement is filed by Principal Life Insurance Company (PLIC) and Principal Global Investors, LLC (PGI) and jointly pursuant to a Joint Filing Agreement, which is filed with this Schedule 13G as Exhibit 99.1. This Statement relates to the shares of Mandatory Redeemable Preferred Stock (the Shares) of the Issuer indirectly beneficially owned by PGI and directly beneficially owned by PLIC. |
| (b) | Address or principal business office or, if none, residence:
Principal Life Insurance Company
711 HIGH STREET
DES MOINES, IA 50392
Principal Global Investors, LLC
711 HIGH STREET
DES MOINES, IA 50392
|
| (c) | Citizenship:
PRINCIPAL LIFE INSURANCE CO - IOWA
PRINCIPAL GLOBAL INVESTORS - DELAWARE |
| (d) | Title of class of securities:
Mandatory Redeemable Preferred Shares |
| (e) | CUSIP No.:
1431062*2 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) |  Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) |  Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
The Series A (CUSIP No. 1431062*2), Series B (CUSIP No. 1431063*1), Series D (CUSIP No. 143106A#9), and Series H (CUSIP No. 143106B#8) Mandatory Redeemable Preferred Shares form a single class of the Issuer's preferred equity securities and are collectively referred to in this Schedule 13G as the "Mandatory Redeemable Preferred Shares".
Principal Life Insurance Company (PLIC) and Principal Global Investors, LLC (PGI) jointly own 2,400,000 Shares.
As of September 30, 2025, PGI may be deemed to be the beneficial owner of 2,400,000 Shares, which are beneficially owned directly by PLIC. |
| (b) | Percent of class:
6.3 %
|
| (c) | Number of shares as to which the person has:
|
| | (i) Sole power to vote or to direct the vote:
PRINCIPAL LIFE INSURANCE CO - 0
PRINCIPAL GLOBAL INVESTORS - 0
|
| | (ii) Shared power to vote or to direct the vote:
PRINCIPAL LIFE INSURANCE CO - 2,400,000
PRINCIPAL GLOBAL INVESTORS - 2,400,000
|
| | (iii) Sole power to dispose or to direct the disposition of:
PRINCIPAL LIFE INSURANCE CO - 0
PRINCIPAL GLOBAL INVESTORS - 0
|
| | (iv) Shared power to dispose or to direct the disposition of:
PRINCIPAL LIFE INSURANCE CO - 2,400,000
PRINCIPAL GLOBAL INVESTORS - 2,400,000
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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