![South Florida skyline with skyscraper construction and [Donald Trump Jr.] presence.](https://floridarealestatewire.com/wp-content/uploads/2025/11/e0f2c20ethumbnail.jpeg "Donald Trump Jr.-Backed Firm Launches $1 Billion South Florida Real Estate Fund")
1789 Capital, an investment firm where Donald Trump Jr. is a partner, has teamed up with South Florida developer Frisbie Group to launch a $1 billion real estate fund. The fund will focus on acquisitions and development projects primarily in Palm Beach and Boca Raton, marking a significant expansion of the Trump family’s presence in the region’s commercial real estate market.
Key Takeaways
- 1789 Capital, with Donald Trump Jr. as a partner, is launching a $1 billion real estate fund.
- The fund will target acquisitions and developments in South Florida, specifically Palm Beach and Boca Raton.
- Frisbie Group, a local developer, is partnering with 1789 Capital on this venture.
A New Real Estate Venture
1789 Capital, co-led by Omeed Malik, Scott Martin, and David Pulte, has joined forces with the Palm Beach-based Frisbie Group, led by Rob Frisbie Jr. and Cody Crowell. This partnership aims to capitalize on the burgeoning South Florida real estate market. Sources indicate that the fund has already garnered significant investor interest, approaching its $1 billion target.
Strategic Focus on South Florida
The fund’s primary objective is to invest in real estate development and acquisitions across South Florida, with a particular emphasis on Palm Beach and Boca Raton. This strategic move aligns with the broader expansion of the Trump family’s real estate portfolio in the region, which includes prominent properties like Mar-a-Lago and Trump National Doral Miami.
About the Partners
1789 Capital, founded by Omeed Malik, has previously been associated with ventures such as the Enhanced Games and investments in online betting platforms and defense startups. Donald Trump Jr. joined the firm in November, opting for this role over a potential position in his father’s administration. Frisbie Group brings extensive local development experience, having established a strong presence in the Palm Beach market over the past decade.
Potential Projects
While specific projects have not been detailed, the fund’s capital is expected to be deployed in both new and existing developments. In Boca Raton, Frisbie Group is already involved in a major mixed-use redevelopment program near City Hall, which includes plans for office, retail, and residential spaces. This new fund is poised to fuel further development in these key South Florida areas.
Sources
- 1789 Capital seeks $1bn for South Florida real estate push with Trump Jr. on board – Private Equity Insights, Private Equity Insights.
- South Florida Developer, Company Backed By Trump Jr. Partner For $1B Real Estate Fund, Bisnow.
- Firm where Donald Trump Jr. is a Partner and Frisbie Group Join Forces on $1 Billion South Florida Real
Estate Fund, The Boca Raton Tribune.