Peaceable Street Capital, a specialty finance company that provides preferred equity capital for small and mid-sized income-producing real estate in North America, has received a minority equity investment from Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, co-founder of The Carlyle Group. Declaration’s investment is expected to support Peaceable Street’s growth strategy and expand its client relationships. Financial terms of the transaction were not disclosed.

Since inception, Peaceable Street has provided financing for more than $775 million in real estate across various income-producing property types including multi-family, self-storage, retail, and RV park sectors in the United States and Canada.

Peaceable Street previously received a strategic investment from SunBridge Capital, the investment firm led by the Bainum family, in December 2016 and entered into a managed account relationship with a $23 billion AUM insurance company in 2017.

Fried, Frank, Harris, Shriver & Jacobson LLP and Reed Smith LLP served as legal advisers to PSC. Paul, Weiss, Rifkind, Wharton & Garrison served as legal adviser to Declaration Partners.