1789 Capital Holds Talks for $1 Billion Real Estate Fund

Omeed Malik’s 1789 Capital, an investment firm with Donald Trump Jr. as a partner, is reportedly raising a new real estate fund focused on developing properties in South Florida, particularly in Palm Beach and Boca Raton. The firm, in partnership with the Frisbie Group, has secured approximately $1 billion in initial investor interest for the strategy, which has been the subject of recent private discussions.

Analysis

Omeed Malik’s 1789 Capital is reportedly in advanced discussions to launch a new real estate fund, having already secured approximately $1 billion in initial investor interest. The strategy, executed in partnership with local developer the Frisbie Group, will concentrate on property development within the high-value South Florida markets of Palm Beach and Boca Raton. The involvement of Donald Trump Jr. as a partner at 1789 Capital is a notable element of the fundraising pitch, which is currently being conducted privately. This level of initial commitment for a new strategy indicates significant market confidence in both the firm's thesis and the perceived strength of the South Florida real estate sector, combined with the operational expertise of a local partner.

Key Decisions for Investors

• Given the reported $1 billion in initial investor interest, institutional investors with an allocation for private real estate should consider evaluating the fund as a targeted play on the South Florida market.
• Thorough due diligence on the local partner, the Frisbie Group, is essential to validate their track record and execution capabilities for property development in the specific sub-markets of Palm Beach and Boca Raton.
• Investors should assess the unique risks and potential network effects associated with the fund's high-profile partnership structure before committing capital.