L|C|N Capital Partners
New York | London
LCN Capital Partners, a private equity firm with offices in New York, London, and Luxembourg, pursues a single proven strategy: credit-focused investments in operationally critical corporate real estate across certain industry sectors and commercial property types in North America and Europe. LCN has in excess of $1.4 billion of assets under management.
We believe this market opportunity is increasingly compelling as (1) corporate boards demand greater capital efficiency in their businesses to unlock real asset capital for growth and expansion, (2) alternative non-bank finance sources broaden in acceptance and importance, and (3) capital markets and traditional lending sources for middle market companies remain contracted while the volume of maturing corporate debt expands.
Via our parallel $- and €-denominated private equity funds (registered in the USA and in Luxembourg), LCN has in excess of $1 billion aggregate AUM in its LCN North American Fund I and LCN European Fund I. LCN has commenced deploying LCN North American Fund II and LCN European Fund II toward a target of approx. $3 billion aggregate AUM in these funds.
LCN seeks to provide (1) high quarterly distributions provided by long-term rental contracts which provide bond-like cash flows, (2) inflation protection based on contractual rent increases in addition to underlying real estate ownership, and (3) unique security given operationally-critical real estate ownership limits downside risks versus other corporate creditors both secured and unsecured.
LCN Capital Partners' senior management team has unparalleled experience in corporate and real estate finance, having held senior leadership roles in investment banking, capital markets, asset management, and commercial real estate at the world's preeminent firms. LCN Capital Partners is a natural extension of the managing partners' prior experiences: the creation of an institutional and ultra-high net worth platform for global corporate sale leaseback investing. Co-founder Edward V. LaPuma created and led W.P.Carey's international businesses during his over 15-year tenure there, pioneering the sale-leaseback market in Europe as well as serving as president of two successful REITs of $2 billion and $700 million each. Co-founder Bryan York Colwell is a 17-year veteran of Goldman Sachs investment banking/M&A, served as a global group head at ABN Amro Bank, and has a proven record in business creation and restructuring as a private investor.