Key Takeaways
- • Lazard to acquire Campbell Lutyens for approximately $575 million, creating Lazard CL, a unified global private capital advisory platform positioned as the industry leader.
- • Combined entity will generate estimated $500 million in 2027 revenue, operate 280+ advisory professionals across 18 global offices, and maintain institutional distribution capabilities of over 60 professionals.
- • Lazard CL will offer integrated advisory services across infrastructure, private credit, private equity, and real estate, with demonstrated track record including $190 billion in capital raised and $100 billion in GP/LP secondary transaction volume over the past two years.
- • The acquisition establishes Lazard CL as Lazard's third global business unit, reporting directly to CEO and Chairman Peter Orszag, with coordinated support from Lazard's M&A, capital markets advisory, and restructuring teams.
- • Combined platform will serve financial sponsors and institutional investors across the full capital lifecycle—from fund formation through liquidity and strategic alternatives—across U.S., Europe, Middle East, and Asia Pacific markets.
Summary
Lazard has entered into a definitive agreement to acquire Campbell Lutyens, a premier global private markets adviser, for approximately $575 million. The transaction, announced on April 30, 2026, will combine two complementary advisory platforms to create Lazard CL, positioning the combined entity as the leading private capital advisory platform globally. This acquisition builds on Lazard's existing private capital advisory capabilities and integrates Campbell Lutyens' specialized expertise in fund placement, secondary advisory, and general partner capital advisory services.
The combined business will operate with substantial scale, comprising more than 280 advisory professionals distributed across 18 offices globally. The platform will generate estimated combined 2027 revenue of approximately $500 million and maintain a dedicated institutional distribution team of over 60 professionals. Lazard CL will offer advisory services spanning infrastructure, private credit, private equity, and real estate across established markets including the United States, Europe, the Middle East, and Asia Pacific.
The merged entity's competitive positioning is supported by demonstrated execution capabilities. Over the past two years, the combined platform has advised on over 230 fee-paying mandates, facilitated over $100 billion in GP and LP secondary transaction volume, and raised over $190 billion of capital for institutional clients. These metrics underscore the scale and institutional relationships both firms bring to the transaction.
Organizationally, Lazard CL will operate as Lazard's third global business unit, with direct reporting lines to CEO and Chairman Peter Orszag. The new unit will operate in close coordination with Lazard's M&A, capital markets advisory, and restructuring and liability management teams, enabling comprehensive advisory services across the full capital lifecycle—from fund formation and portfolio management through liquidity events and strategic alternatives. This integrated structure allows the platform to serve financial sponsors and institutional investors with end-to-end advisory coverage across their investment and operational requirements.
The combined business will operate with substantial scale, comprising more than 280 advisory professionals distributed across 18 offices globally. The platform will generate estimated combined 2027 revenue of approximately $500 million and maintain a dedicated institutional distribution team of over 60 professionals. Lazard CL will offer advisory services spanning infrastructure, private credit, private equity, and real estate across established markets including the United States, Europe, the Middle East, and Asia Pacific.
The merged entity's competitive positioning is supported by demonstrated execution capabilities. Over the past two years, the combined platform has advised on over 230 fee-paying mandates, facilitated over $100 billion in GP and LP secondary transaction volume, and raised over $190 billion of capital for institutional clients. These metrics underscore the scale and institutional relationships both firms bring to the transaction.
Organizationally, Lazard CL will operate as Lazard's third global business unit, with direct reporting lines to CEO and Chairman Peter Orszag. The new unit will operate in close coordination with Lazard's M&A, capital markets advisory, and restructuring and liability management teams, enabling comprehensive advisory services across the full capital lifecycle—from fund formation and portfolio management through liquidity events and strategic alternatives. This integrated structure allows the platform to serve financial sponsors and institutional investors with end-to-end advisory coverage across their investment and operational requirements.
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