AUMdb

Rubenstein Partners, L.P.

SEC-registered Private Fund Manager · Small ($100M–$1B) CRD 156988 · SEC file 801-74293 · Philadelphia, PA · www.linkedin.com
☆ Save with Pro ADV data as of Apr 25, 2026
Regulatory AUM
$379M
Discretionary
$379M
Clients
12
Avg AUM / client
$31.6M
Accounts
12
Employees
43

AUM over time

$331M $1.6B
Feb 16, 2012 Apr 25, 2026

Reported AUM from Form ADV filings, plotted by filing date · as of Apr 25, 2026

Who they serve

Client typeClientsAUM% of AUM
Pooled investment vehicles (non-investment companies) 8 $328M 86.6%
Other 4 $50.9M 13.4%

Private funds (8)

Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $479M combined gross assets

FundTypeDomicileGross assetsOwners
Rubenstein Properties Fund Iii, Lp master Real Estate Fund Delaware $210M 40
Rubenstein Properties Fund Ii, Lp Real Estate Fund Delaware $130M 34
Rubenstein Properties Fund Iv, Lp Real Estate Fund Delaware $116M 16
Cbcc Co Investors I, Llc Real Estate Fund Delaware $7.4M 1
Cbcc Co Investors Iii, Llc Real Estate Fund Delaware $5.9M 1
Rpf Iii Ms Feeder, Llc feeder Real Estate Fund Delaware $4.2M 5
Cbcc Co Investors Ii, Llc Real Estate Fund Delaware $3.7M 1
Rubenstein Mortgage Fund, Lp Real Estate Fund Delaware $2.2M 12

People (5)

NameRole / titleCredentialsWith firm sinceOwnership
Balderson, Robert, Bruce General Counsel & Senior Managing Principal Sep 2005 (21y) Less than 5%
Kusumi, Jeffrey, Tsutom Principal Sep 2005 (21y) Less than 5%
Rubenstein, David, Baker Sole Member Sep 2005 (21y) ≈ 0% – 5% via Rubenstein Partners/Investors Gp, Llc
Schiela, Eric, George Chief Operating Officer & Senior Managing Principal Sep 2005 (21y) Less than 5%
Harmeyer, Fred, Charles Managing Principal Aug 2018 (8y) Less than 5%

Entity owners (Schedule A/B)

EntityTitle / statusSinceSch.Ownership
Rp Mt Holdings Sub A, Llc Limited Partner Oct 2017 A 75% or more
Rubenstein Partners/Investors Gp, Llc General Partner Sep 2005 A Less than 5%
Rp Management Team Holdings, Llc Sole Member Oct 2017 B ≈ 56.25% – 100% via Rp Mt Holdings Sub A, Llc
Rp Management Team, Llc Common Member Oct 2017 B ≈ 14.06% – 50% via Rp Management Team Holdings, Llc

Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.

Estimated effective ownership (look-through of filed bands):

  • Rubenstein, David, Baker: 75% – 100% of Rubenstein Partners/Investors Gp, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
  • Rp Management Team Holdings, Llc: 75% – 100% of Rp Mt Holdings Sub A, Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
  • Rp Management Team, Llc: 25% – 50% of Rp Management Team Holdings, Llc × 75% – 100% of Rp Mt Holdings Sub A, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm

Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.

Private funds (8, $479M gross assets)

FundTypeGross assetsMin. investmentOwners
Rubenstein Properties Fund Iii, Lp Real Estate Fund $210M $400K 40
Rubenstein Properties Fund Ii, Lp Real Estate Fund $130M $500K 34
Rubenstein Properties Fund Iv, Lp Real Estate Fund $116M $500K 16
Cbcc Co Investors I, Llc Real Estate Fund $7.4M $500K 1
Cbcc Co Investors Iii, Llc Real Estate Fund $5.9M $500K 1
Rpf Iii Ms Feeder, Llc Real Estate Fund $4.2M $750K 5
Cbcc Co Investors Ii, Llc Real Estate Fund $3.7M $500K 1
Rubenstein Mortgage Fund, Lp Real Estate Fund $2.2M $250K 12

From Form ADV Section 7.B private fund reporting.

Documents (1 archived)

FormPeriodSize
Form ADV (full filing) 04/25/2026 2.69 MB View · PDF · Source ↗

Archived copies of the firm's regulatory filings, versioned by content hash.

Disciplinary disclosures

No disciplinary events reported on the firm's latest Form ADV filing.

How they charge

  • Percentage of assets under management
  • Performance-based fees
  • Other fees
  • PERCENTAGE OF AGGREGATE CAPITAL CONTRIBUTIONS

Services

  • Portfolio management for pooled investment vehicles

Custody

Firm reports having custody of client funds or securities (Item 9.A).

No custodian data reported or mined yet.

Source

All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 25, 2026.

View current Form ADV (SEC/IAPD) ↗