Previously Alexa worked at Goldman Sachs in Private Wealth Management advising clients with assets from $10 million to $1 billion+ on fixed income, equities, hedge funds, and private equity. The staff includes Rubenstein’s daughter, Alexa Rachlin, who did a four-year stint in private wealth management at Goldman Sachs Group Inc. and was … When it came time for Rubenstein, 68, to name his family office, he dubbed it Declaration Capital. Vikas Mouli. Declaration Partners LP is an investment firm backed by the family office of David M. Rubenstein, the Co-Founder and Co-Executive Chairman of The Carlyle Group. He created the firm last year as he stepped back from his role as co-chief executive officer of Carlyle and became co-executive chairman.The former White House staffer who became a leveraged-buyout legend will directly oversee Declaration Capital. Alexa Rachlin is a Principal at Declaration Partners LP focusing on strategic investments. They built the Washington-based company into one of the world’s largest managers of alternative assets -- a pioneer in leveraged buyouts that’s expanded globally into credit, real estate, energy and infrastructure investments.One of its most successful investments was a buyout of DuPont Co.’s auto-paint business in 2013. She lives in Wellesley with her husband and two children. Alexa Rachlin, Rubenstein’s daughter who spent four years at Goldman Sachs private wealth management, is also part of the staff. Carlyle made $4.5 billion, its second-biggest profit ever on the deal, and an annualized return of 80 percent. In July, she expects to transfer to the firm’s New York office. Declaration has completed about 10 deals, a person with knowledge of the matter said.
Mrs. Rachlin, 25, is a financial analyst in the Boston office of Goldman Sachs, where she works in private wealth management. Ritika Gawande Private Equity . Other employees at Declaration Partners include Principals Charles Rayner, previously an analyst at Marble Arch Investments, and Alexa Rachlin, Rubenstein’s daughter and previously an investment director at Cambridge Associates. Rubenstein, who’s worth $2.8 billion, according to the Family offices can present challenges for private equity and other investment professionals. Alexa has more than 12 years of investment experience, most recently serving as an investment director at Cambridge Associates in the firm’s Private Practice where she worked with family offices on asset allocation and manager selection. “They should invest in strategies, assets or sectors that they don’t follow in their funds.”To avoid any potential conflicts of interest, Declaration will have to get approval from Carlyle on transactions. Ritika Gawande. His daughter Alexa Rachlin is on staff of Declaration Partners David Rubenstein, co-founder of the Carlyle Group, has started a family office called Declaration Capital, Bloomberg reported. In April, it took part in a $50 million funding round for Workfusion, a company that develops intelligent automation software.Rubenstein founded Carlyle in 1987 with Bill Conway and Dan D’Aniello, and the trio initially backed the venture with $5 million. Alexa Rachlin is a principal at Declaration Partners LP focusing on strategic investments. They “need to be sensitive to potential conflicts of interest,” said R. Scott Beach, head of the family office practice at law firm Day Pitney. Bloomberg Billionaires Index puts his fortune at $2.8 billion Alexa has over twelve years of investment experience, most recently serving as an Investment Director at Cambridge Associates in the firm’s Private Practice where she worked with family offices on asset allocation and manager selection. Action Item: Contact Alexa Rachlin at arachlin @declarationpart ners.com. Alexa R. Declaration Partners LP. He’s also funded an affiliate called Declaration Partners, which has wider ambitions.He recruited Brian Frank, a former money manager at The staff includes Rubenstein’s daughter, Alexa Rachlin, who did a four-year stint in private wealth management at Goldman Sachs Group Inc. and was an investment director at Cambridge Associates, according to her LinkedIn profile.Rubenstein declined to comment through a Carlyle spokesman, and Frank didn’t reply to a message seeking comment.Family offices are increasingly common for the ultra-wealthy to manage their fortunes and take care of their personal needs. Brian Frank, former money manager at Michael Dell’s MSD Partners, is running the unit, which focuses on venture, growth and family-owned businesses, the story said.