United States $477 Billion Private Equity Firm Carlyle Group Billionaire Co-Founder & Co-Chairman David Rubeinstein with $4.5 Billion Fortune on Reputation of Private Equity & His $2 Billion Family Office: “I Have a Family Office Now (Declaration). When I Go to People That I Would Like to Do a Transaction With You – They Say I Don’t Really Like Private Equity Firm. I Say No, I’m Going to Do It With My Family Office. (They Say) Family Office is Wonderful. We Love Family Offices. Family Offices Have Incredible & Great Image … … So Everybody In Private Equity World Should Rename Their Private Equity Firm as Family Offices. Because People Love Family Offices … … But It’s Amazing How We Have Not Ruined the Image of Family Offices Yet. The Image of Private Equity is Not as Great as I Would Like It to Be.”
21st April 2026 | Hong Kong
United States private equity firm Carlyle Group ($477 AUM) billionaire co-founder & Co-Chairman David Rubeinstein with $4.5 billion fortune on reputation of private equity & his $2 billion family office: “I have a family office now (Declaration). When I go to people that I would like to do a transaction with you – they say I don’t really like private equity firm. I say no, I’m going to do it with my family office. (They say) Family office is wonderful. We love family offices. Family Offices have incredible & great image … … so everybody in private equity world should rename their private equity firm as family offices. Because people love family offices … … but it’s amazing how we have not ruined the image of family offices yet. The image of private equity is not as great as I would like it to be.” ~ At a Stanford University event. Declaration Partners – Declaration Partners is a private investment firm that seeks to be a value-added capital partner and strategic resource to founders & entrepreneurs, management teams, and asset owners. Anchored by the family office of private equity veteran and philanthropist David M. Rubenstein, Declaration invests on behalf of family offices and like-minded institutional investors. Declaration’s approach emphasizes partnership born from its family office heritage while seeking to achieve favorable long-term outcomes with strong alignment. Declaration has approximately $2.0 billion in assets under management (as of 12/31/2025) across its private investment strategies, which include tactical growth equity, real estate, GP solutions, and other opportunistic strategies. The firm was founded in 2017 and is headquartered in New York with an office in the Washington, DC area. David Rubeinstein – Mr. Rubenstein is Co-Founder and Co-Chairman of the Board. He was elected to our Board of Directors effective July 18, 2011. Previously, Mr. Rubenstein served as Co-Chief Executive Officer of Carlyle. Mr. Rubenstein is a Baltimore native and is the Chairman, CEO, and principal owner of Major League Baseball’s Baltimore Orioles. Prior to forming Carlyle in 1987, Mr. Rubenstein practiced law in Washington, D.C. with Shaw, Pittman, Potts & Trowbridge LLP (now Pillsbury Winthrop Shaw Pittman LLP). From 1977 to 1981, Mr. Rubenstein was Deputy Assistant to the President for Domestic Policy. From 1975 to 1976, he served as Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Constitutional Amendments. From 1973 to 1975, Mr. Rubenstein practiced law in New York with Paul, Weiss, Rifkind, Wharton & Garrison LLP. Among other philanthropic endeavors, Mr. Rubenstein is Chairman of the Boards of the Council on Foreign Relations, the National Gallery of Art, the Economic Club of Washington, and the University of Chicago; a Trustee of Memorial Sloan-Kettering Cancer Center, the Institute for Advanced Study, the Brookings Institution, and the World Economic Forum; an Emeritus Trustee of Johns Hopkins Medicine; and a Director of Moderna, Inc. and the American Academy of Arts and Sciences. Mr. Rubenstein is a member of the American Philosophical Society, Business Council, Harvard Global Advisory Council, Madison Council of the Library of Congress, Board of Dean’s Advisors of the Business School at Harvard, Advisory Board of the School of Economics and Management at Tsinghua University, and Board of the World Economic Forum Global Shapers Community. Mr. Rubenstein is a magna cum laude graduate of Duke University, where he was elected Phi Beta Kappa. Following Duke, Mr. Rubenstein graduated from the University of Chicago Law School, where he was an editor of the Law Review.
United States $477 Billion Private Equity Firm Carlyle Group Billionaire Co-Founder & Co-Chairman David Rubeinstein with $4.5 Billion Fortune on Reputation of Private Equity & His $2 Billion Family Office: “I Have a Family Office Now (Declaration). When I Go to People That I Would Like to Do a Transaction With You – They Say I Don’t Really Like Private Equity Firm. I Say No, I’m Going to Do It With My Family Office. (They Say) Family Office is Wonderful. We Love Family Offices. Family Offices Have Incredible & Great Image … … So Everybody In Private Equity World Should Rename Their Private Equity Firm as Family Offices. Because People Love Family Offices … … But It’s Amazing How We Have Not Ruined the Image of Family Offices Yet. The Image of Private Equity is Not as Great as I Would Like It to Be.”
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United States $477 Billion Private Equity Firm Carlyle Group Billionaire Co-Founder & Co-Chairman David Rubeinstein with $4.5 Billion Fortune on Reputation of Private Equity & His $2 Billion Family Office: “I Have a Family Office Now (Declaration). When I Go to People That I Would Like to Do a Transaction With You – They Say I Don’t Really Like Private Equity Firm. I Say No, I’m Going to Do It With My Family Office. (They Say) Family Office is Wonderful. We Love Family Offices. Family Offices Have Incredible & Great Image … … So Everybody In Private Equity World Should Rename Their Private Equity Firm as Family Offices. Because People Love Family Offices … … But It’s Amazing How We Have Not Ruined the Image of Family Offices Yet. The Image of Private Equity is Not as Great as I Would Like It to Be.”
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