Goldman Sachs Bulks Up Asset Management Business With LCN Deal

Goldman Sachs is acquiring LCN Capital Partners for up to $410 million as part of its strategy to expand its asset management division. This represents the firm's second major deal in a week and reflects its commitment to growing its $4 trillion money-management business. LCN specializes in commercial real estate investments, particularly sale-leaseback agreements and triple-net leases.