The LCP Group and Oaktree Announce $50 Million Joint Venture to Acquire Net Lease Early-Education Assets

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NEW YORK--(BUSINESS WIRE)--Nov 12, 2025--

The LCP Group, L.P. (“LCP”), a vertically-integrated, real estate investment manager specializing in net lease and hospitality investments, is pleased to announce that it has entered into a $50 million joint venture with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a premier global investment manager with more than $218 billion in assets under management across credit, private equity, and real estate assets.

The joint venture will target high-quality, net-leased early education properties in select U.S. growth markets, continuing LCP’s proven strategy of acquiring triple-net (NNN) leased centers operated by established early education providers. This model has consistently delivered stable income and long-term value appreciation, aligning with the partnership’s focus on durable cash flows and sustained value creation.

“LCP is thrilled to begin a partnership with Oaktree and continue to expand our national footprint in the early education industry,” said Rich Marquard, Managing Director with The LCP Group. “This collaboration marks an important step in expanding our net lease platform and reflects LCP’s continued focus on building long-term relationships with institutional partners.”

Since 2021, LCP and its affiliated entities have acquired thirty-four (34) early education centers, with nine (9) successful exits completed. These results underscore the strength of the platform and the sustained institutional demand for high-quality childcare assets.

The firm’s disciplined execution and tenant-oriented approach have established LCP as a leading investor in the early-education real estate sector, and it continues to evaluate new opportunities that align with its long-term strategic vision.

About The LCP Group, L.P.

The LCP Group, L.P. (“LCP”) is a private real estate investment manager with approximately $1 billion in assets under management and holdings across the United States. Founded in 1973, LCP partners with institutional and private investors to acquire and develop net lease and hospitality assets. The firm invests through programmatic platforms and co-investment structures, emphasizing portfolio quality and long-term alignment. In net lease, LCP focuses on early-education and adjacent operating real estate under long-term agreements with established operators; in hospitality, it pursues selective acquisitions and capital solutions tailored to property-level business plans. For more information, please visit www.lcpgroup.com.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $218 billion in assets under management as of September 30, 2025. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,450 employees and offices in 26 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

©2025 The LCP Group, L.P.

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The LCP Group, L.P. 50 Main Street, Suite 1410 White Plains, NY 10606 T: 914.289.0059 E:[email protected]

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PRESCHOOL PROFESSIONAL SERVICES EDUCATION COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY ASSET MANAGEMENT

SOURCE: The LCP Group, L.P.

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PUB: 11/12/2025 03:33 PM/DISC: 11/12/2025 03:32 PM

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