Goldman Sachs to acquire LCN Capital Partners in $410 mln deal

Published Aug 19, 11:47 AM UTC

Goldman Sachs Group has agreed to acquire LCN Capital Partners, a real estate investment manager specializing in sale-leaseback, build-to-suit, and triple net lease transactions, in a deal valued at up to $410 million. The upfront payment is approximately $260 million, with up to $150 million in deferred and contingent payments tied to long-term performance targets. As of June 30, 2026, LCN oversaw about $3 billion in assets, primarily from institutions, insurers, and high-net-worth individuals, and operates across North America and Europe. Goldman Sachs CEO David Solomon stated the acquisition will enhance the firm's Asset & Wealth Management offerings and expand its ability to serve insurance, institutional, and wealth clients. LCN's co-founders Edward V. LaPuma and Bryan York Colwell, along with their team, will join Goldman Sachs Asset Management's real estate unit. The deal is expected to close by the end of 2026, pending regulatory approval. This follows Goldman Sachs' earlier agreement to acquire NEOS Investments for up to $2.25 billion.