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.
