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LCN Capital raises $241.3M for 2 PE funds

LCN European Fund III SLP has secured $102.0 million from six investors so far, while LCN North American Fund III LP has obtained about $139.3 million from 32 backers to date.

The private equity funds are aiming to raise $500.0 million each. They are managed by LCN Capital Partners LP, which makes credit-based real estate investments in North America and Europe.