LCN Capital Partners raises $139m for newly launched real estate fund

New York City–based LCN Capital Partners has received approximately $139.3 million in capital commitments for its newest limited partnership vehicle, LCN North America Fund III, according to an SEC Form D filed on Aug. 8.

Targeting $500 million, the specialty niche fund will look to invest in triple-net leases in the United States. It has already been backed by 32 investors.

LCN Capital Partners pursues credit-based investments in operationally critical corporate real estate across all sectors and commercial property types in North America and Europe, according to LCN Capital.

With more than $1.2 billion in discretionary equity capital committed, the firm invests in office, industrial, retail and special-purpose assets. It owns more than $2 billion in real estate assets.