Key Takeaways
- • Lazard has completed its acquisition of Campbell Lutyens and launched Lazard CL, a private capital advisory business that becomes the firm's third global business.
- • Lazard CL serves private equity, private credit, infrastructure and real estate managers with fund placement, primary fundraising, secondary advisory and GP capital advisory services.
- • The combined business employs more than 300 advisory professionals across 19 offices, plus an LP distribution team of more than 60 people connecting about 4,000 institutional investors with opportunities.
- • Lazard expects the business to generate about $500 million in estimated combined revenue and to be accretive to earnings in 2027, before synergies.
- • Upfront consideration was paid mainly in Lazard stock, with some portions subject to lock-ups of up to three years; the deal was first disclosed on April 30, 2026.
Summary
Lazard has completed its acquisition of Campbell Lutyens and launched Lazard CL, a private capital advisory business that combines Lazard's existing private capital advisory group with the Campbell Lutyens businesses. The transaction was first disclosed on April 30, 2026. Upfront consideration was paid mainly in Lazard stock, with certain portions subject to lock-ups of up to three years.
Lazard CL advises private equity, private credit, infrastructure and real estate managers on raising capital from investors and arranging secondary transactions. Its offerings include fund placement, primary fundraising, secondary advisory and GP capital advisory. The business draws on more than 300 advisory professionals in 19 offices. Its LP distribution team of more than 60 people connects about 4,000 institutional investors with investment opportunities.
According to the announcement, Lazard CL has advised on more than $1 trillion in primary capital raised and secondary transaction volume across about 1,300 mandates over four decades. Lazard expects the business to generate about $500 million in estimated combined revenue and to add to earnings in 2027, before synergies.
Gordon Bajnai and Holcombe Green serve as co-CEOs of Lazard CL, which becomes Lazard's third global business.
Lazard CL advises private equity, private credit, infrastructure and real estate managers on raising capital from investors and arranging secondary transactions. Its offerings include fund placement, primary fundraising, secondary advisory and GP capital advisory. The business draws on more than 300 advisory professionals in 19 offices. Its LP distribution team of more than 60 people connects about 4,000 institutional investors with investment opportunities.
According to the announcement, Lazard CL has advised on more than $1 trillion in primary capital raised and secondary transaction volume across about 1,300 mandates over four decades. Lazard expects the business to generate about $500 million in estimated combined revenue and to add to earnings in 2027, before synergies.
Gordon Bajnai and Holcombe Green serve as co-CEOs of Lazard CL, which becomes Lazard's third global business.
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