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Goldman Sachs to Acquire LCN Capital Partners for Up to $410 Million

Provided by Dow Jones Aug 18, 2026, 5:42:00 PM

By Dean Seal

Goldman Sachs said it has agreed to buy the investment manager LCN Capital Partners in a cash-and-stock deal worth up to $410 million.

The acquisition includes $260 million in upfront consideration and another $150 million or so in deferred and contingent consideration. About 80% of the consideration will be paid in equity.

Goldman said LCN, founded in 2011, specializes in sale-leaseback, build-to-suit and triple net lease sectors of the real estate market. The firm has about $3 billion in assets under supervision as of June 30, largely from institutions, insurers and high-net-worth individuals.

The acquisition offers Goldman more durable revenues, the bank said. The deal is expected to close by the end of the year.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

August 18, 2026 08:42 ET (12:42 GMT)

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