Carlyle Group co-founder and founder of family office Declaration Partners David Rubenstein met with official in the United Arab Emirates regarding partnerships with the storied private equity underwriter (PEU). Carlyle, a politically connected PEU based in our nation's capital, was once part owned by an Abu Dhabi based sovereign wealth fund.
Mubadala purchased a $1.35 billion chunk of Carlyle in 2007 adding another $500 million in 2010.
Rubenstein's history in the country facilitated the exchange of compliments between the parties.
The First Deputy Ruler of Dubai spoke to their innovative public-private
partnerships (several of which have been with Carlyle).. He highlighted Dubai's business friendly environment and
government sponsored growth.
The Carlyle Group is legendary for taking advantage of both. It's in their DNA.
Update: Mr. Rubenstein has yet another investment connection to the UAE. Paxos, a Dcclaration Partners holding, will offer its yield generating dollar "Lift" stablecoin via the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market. That deal was announced on Thursday. UAE is open for greed.