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Paul Weiss Helps Declaration Partners on Real Estate Fund Close

Oct. 12, 2022, 10:50 AM

Paul Weiss is advising Declaration Partners, an alternative investment firm backed by Carlyle Group Inc. co-founder David Rubenstein, on the close of its inaugural real estate fund with around $240 million in commitments, the law firm said.

Created in 2017, Declaration Partners has headquarters in New York and an office in Washington and says it has around $2.5 billion in assets under management. According to its web site, the firm invests “on behalf of family offices and like-minded institutional investors” across investment strategies including growth equity, real estate, platform company investments, fund seeding, and other opportunistic strategies.

The Declaration Partners Real Estate Fund I LP seeks to apply Declaration Partners’ family partnership model to create differentiated real estate investment opportunities, the investment firm said in a statement.

Paul, Weiss said its team advising Declaration Partners on the fund includes corporate partner Udi Grofman and associate Pedram Moussavi and tax partner David Mayo.

To contact the correspondent on this story: Rick Mitchell in Paris at rmitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Chris Opfer at copfer@bloomberglaw.com