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LCN Tops $1.3B with Latest Sale-Leaseback Funds
New York City-based LCN Capital Partners, a private real estate investment firm specializing in the corporate sale-leaseback and built-to-suit markets, said Tuesday that it raised more than US$1.35 billion in equity commitments for its third pair of sale-leaseback funds.
LCN North American Fund III L.P. and LCN European Fund III SLP exceeded targets of $500 million and €500 million, closing at hard caps of $635 million and €600 million, respectively.
The funds received capital commitments from global institutions, including pension funds, insurance companies, and foundations, along with multi-family offices and high-net-worth individuals located across three continents and nine countries. They also received “re-up” capital commitments from 100% of their predecessors’ institutional partners.
“Our third pair of distinct sale-leaseback funds are LCN’s largest raised to-date, having closed at their hard caps despite the disruption of COVID-19,” said Edward LaPuma, co-founder and managing partner of LCN.
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- ◦Financing
- ◦Sale/Acquisition
- ◦Lease
