David Rubenstein-Backed Firm Expands US Property Bets Amid Slump

Jan. 25, 2024, 2:32 PM UTC

An investment firm backed by Carlyle Group Inc. co-founder David Rubenstein and other members of the world’s rich is looking to bolster its US property investments during a downturn in the sector.

Declaration Partners is seeking to raise about $400 million from wealthy individuals and family offices to make investments in areas including multifamily housing and industrial properties for the firm’s second real estate fund, according to people with knowledge of the matter.

David Rubenstein
Photographer: Hollie Adams/Bloomberg

The New York-based firm has already raised a portion of that figure with Rubenstein providing an anchor allocation along with other investors from Declaration’s first US ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.