Lcn Capital Partners, L.P.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 166799
· SEC file 801-78069
· New York, NY
· WWW.LCNPARTNERS.COM
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $5.9B
- Discretionary
- $5.9B
- Clients
- 36
- Avg AUM / client
- $164M
- Accounts
- 36
- Employees
- 38
AUM over time
$0
$5.9B
May 2013
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 36 | $5.9B | 100.0% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $5.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Lcn European Fund Iii Slp master | Private Equity Fund | Luxembourg | $1.4B | 63 |
| Lcn European Fund Ii Slp master | Private Equity Fund | Luxembourg | $928M | 9 |
| Lcn European Fund Iv Slp master | Real Estate Fund | Luxembourg | $841M | 40 |
| Lcn North American Fund Iii, L.P. master | Private Equity Fund | Delaware | $664M | 129 |
| Lcn North American Fund Ii, L.P. master | Private Equity Fund | Delaware | $418M | 96 |
| Lcn European Fund, Fcp Sif master | Private Equity Fund | Luxembourg | $321M | 29 |
| Lcn Sterling Fund Slp | Private Equity Fund | Luxembourg | $244M | 10 |
| Lcn European Fund Iii (Gri) Slp | Private Equity Fund | Luxembourg | $167M | 8 |
| Lcn Core Income Fund, L.P. | Private Equity Fund | Delaware | $149M | 2 |
| Lcn North American Fund, L.P. master | Private Equity Fund | Delaware | $86.3M | 32 |
| Lcn European Fund Iii (Gri Insco) Slp | Private Equity Fund | Luxembourg | $24.8M | 2 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Colwell, Bryan, York | Managing Partner | Nov 2010 (16y) | Less than 5% | |
| Lapuma, Edward, V | Managing Partner | Nov 2010 (16y) | ≈ 0% – 5% via Lcn Group, Llc | |
| Spears, Daniel, Leonard | Trustee Of Lapuma Investment Trust | Jan 2013 (14y) | GP / trustee / elected manager of Lapuma Investment Trust (indirect) | |
| Wall, Thomas, Robert | Partner | Oct 2013 (13y) | Less than 5% | |
| Leventhal, Joshua, Reid | Partner And General Counsel | Sep 2014 (12y) | Less than 5% | |
| Kleinschmidt, Eric, Joseph | Chief Compliance Officer | Aug 2022 (4y) | Less than 5% | |
| Dropkin, Richard, Kelley | Chief Financial Officer | Dec 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Lcn Capital Management, L.P. | Limited Partner Of Lcn Capital Partners, L.P. | Jan 2013 | A | 75% or more |
| Lcn Group, Llc | General Partner Of Lcn Capital Partners, L.P. | Feb 2012 | A | Less than 5% |
| Lcn Cm Holdings, L.P. | Limited Partners Of Lcn Capital Management, L.P. | Jan 2013 | B | ≈ 56.25% – 100% via Lcn Capital Management, L.P. |
| Lfi, Llc | Limited Partner Of Lcn Cm Holdings, L.P. | Jan 2013 | B | ≈ 42.19% – 100% via Lcn Cm Holdings, L.P. |
| Lapuma Investment Trust | Sole Member Of Lfi, Llc | Jan 2013 | B | ≈ 31.64% – 100% via Lfi, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Lapuma, Edward, V: 75% – 100% of Lcn Group, Llc × 0% – 5% direct ≈ 0% – 5% of the firm
- Lcn Cm Holdings, L.P.: 75% – 100% of Lcn Capital Management, L.P. × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Lfi, Llc: 75% – 100% of Lcn Cm Holdings, L.P. × 75% – 100% of Lcn Capital Management, L.P. × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Lapuma Investment Trust: 75% – 100% of Lfi, Llc × 75% – 100% of Lcn Cm Holdings, L.P. × 75% – 100% of Lcn Capital Management, L.P. × 75% – 100% direct ≈ 31.64% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (11, $5.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Lcn European Fund Iii Slp | Private Equity Fund | $1.4B | $5.0M | 63 |
| Lcn European Fund Ii Slp | Private Equity Fund | $928M | $5.0M | 9 |
| Lcn European Fund Iv Slp | Real Estate Fund | $841M | $5.0M | 40 |
| Lcn North American Fund Iii, L.P. | Private Equity Fund | $664M | $100K | 129 |
| Lcn North American Fund Ii, L.P. | Private Equity Fund | $418M | $5.0M | 96 |
| Lcn European Fund, Fcp Sif | Private Equity Fund | $321M | $200K | 29 |
| Lcn Sterling Fund Slp | Private Equity Fund | $244M | $5.0M | 10 |
| Lcn European Fund Iii (Gri) Slp | Private Equity Fund | $167M | $5.0M | 8 |
| Lcn Core Income Fund, L.P. | Private Equity Fund | $149M | $5.0M | 2 |
| Lcn North American Fund, L.P. | Private Equity Fund | $86.3M | $250K | 32 |
| Lcn European Fund Iii (Gri Insco) Slp | Private Equity Fund | $24.8M | $5.0M | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 5.47 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗