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Declaration Partners
Declaration Partners is a multi-family office with an estimated founding date in the 2010s, shaped by the wealth of Canadian and American families seeking...
Declaration Partners
Declaration Partners is a multi-family office with an estimated founding date in the 2010s, shaped by the wealth of Canadian and American families seeking pooled investment access. The firm operates from Toronto, New York, Montreal, and Pittsburgh, with additional offices in San Francisco and Palo Alto, reflecting a coast-to-coast North American presence. The firm's investment strategy spans private equity, real estate, and venture capital, focusing on direct deals and co-investments alongside established general partners. Declaration Partners targets growth-stage companies and real assets, with a geographic focus on the United States and Canada. The firm is known to participate in syndicated transactions, often joining larger institutional investors in later-stage private placements. With a team of professionals stationed across six offices, Declaration Partners provides operational support and strategic guidance to portfolio companies. The firm also facilitates peer networking among its family office clients, operating similar to a club model where families share due diligence and co-invest. No recent operational events are publicly available, and the total team size is not disclosed. A structural differentiator for Declaration Partners is its multi-city operating model, which allows the firm to source deals across multiple US and Canadian markets simultaneously. By maintaining a decentralized network of offices, the firm can leverage regional relationships without a single headquarters bias, enabling a broader pipeline of proprietary investment opportunities.
General information
Firm type
Multi Family Office
Year founded
2020
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
Toronto, Canada
Additional offices
New York · Montreal · Pittsburgh · San Francisco · Palo Alto
Principals
David M. Rubenstein
Founder / Anchor Investor
Brian Frank
Founder, Managing Partner & Co-Head of Private Investments
Todd S. Rich
Co-Founder and Head of Real Estate
Vipul Tandon
Partner & Co-Head of GP Solutions
Brian Stern
Partner & Co-Head of Private Investments
Federico Schiffrin
Partner & Co-Head of GP Solutions
Sector focus
Frequently asked questions
Who runs investment decisions at Declaration Partners?
Brian Frank and Brian Stern co-head Private Investments. Todd S. Rich chairs the Real Estate Investment Committee. Vipul Tandon and Federico Schiffrin co-head GP Solutions. David M. Rubenstein receives priority access but does not sit on the investment committee.
How does Declaration Partners source proprietary deal flow?
The firm draws on Rubenstein family relationships, former MSD Partners and JBG SMITH networks, and board seats at Redesign Health, Paxos, and ConcertAI. Co-investors such as Michael Jordan and QuadReal Property Group have also generated repeat opportunities.
Is Declaration Partners structured as a single family office or does it operate more like a venture firm?
It began as the Rubenstein family office vehicle and remains anchored by that capital. It now accepts commitments from other family offices and institutions, functioning as a hybrid multi-investor platform with permanent family capital.
Does Declaration Partners participate in fund commitments or only direct deals?
The GP Solutions strategy makes seed and co-investments alongside emerging managers. Private Investments and Real Estate focus on direct equity, preferred equity, and asset acquisitions rather than blind-pool fund commitments.
What investment stages does Declaration Partners typically target?
Private Investments covers early-stage, growth equity, and buyouts. Real Estate executes core-plus through opportunistic acquisitions. GP Solutions targets emerging managers at platform-formation stage.
Where does the underlying wealth come from?
David M. Rubenstein, co-founder of The Carlyle Group, supplies the largest single commitment. Additional capital arrives from other family offices and institutions that commit to the three strategies.
What is Declaration Partners known posture on co-investments alongside external GPs?
The firm regularly joins external sponsors on direct deals. Examples include co-investments with Harlem Capital in Poolit, Oak HC/FT in Paxos, and Revolution Growth in Convene.
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