Goldman Sachs to acquire LCN Capital Partners for up to $410 million

Goldman Sachs agreed to acquire LCN Capital Partners, a New York sale-leaseback and triple-net lease investment manager with about $3 billion of assets under supervision at June 30, 2026. Upfront consideration is about $260 million, with up to $150 million more in deferred and contingent payments tied to long-dated performance targets. About 80% of the total is payable in Goldman equity, and closing is expected by the end of 2026.

• Upfront consideration about $260 million
• Up to about $150 million deferred and contingent
• About 80% of total consideration payable in Goldman equity
• About $3 billion of assets under supervision; co-founders join Goldman Sachs Asset Management