Key Takeaways
- • Lazard is acquiring Campbell Lutyens, the world's leading independent private capital advisor, for approximately $575 million, marking Lazard's first major acquisition under CEO Peter Orszag.
- • Campbell Lutyens operates across 15 global locations with over 300 employees, specializing in primary fundraising, secondary transactions, and GP capital solutions across private equity, private credit, and infrastructure.
- • The firm has raised over $713 billion in capital across its 35+ year track record and has won multiple placement agent awards in 2025, including recognition as Global Placement Agent of the Year for Private Debt and Placement Agent of the Year for Infrastructure.
- • The acquisition strengthens Lazard's private capital advisory capabilities and aligns with the firm's strategic goal to double revenue by 2030 with double-digit annual growth.
- • Campbell Lutyens' recent advisory work included closing Manulife Investment Management Fund III at $5.5 billion and advising on a $1.5 billion single-asset continuation vehicle in the transportation sector.
Summary
Lazard Inc. is acquiring Campbell Lutyens for $575 million in what marks the investment bank's first major acquisition under CEO Peter Orszag. The transaction represents a significant strategic expansion of Lazard's private capital advisory platform, consolidating two major players in the private markets ecosystem. Campbell Lutyens, founded in 1988, operates as an independent private capital advisor with a team of over 300 colleagues across 15 locations spanning three continents, including offices in London, New York, Hong Kong, Chicago, Los Angeles, Singapore, Charlotte, Paris, and Seoul.
Campbell Lutyens has established itself as a leading placement agent and capital advisor across multiple private asset classes. The firm provides comprehensive services spanning primary fundraising, secondary transactions, and GP capital solutions, with particular strength in private equity, private credit, and infrastructure advisory. Over its 35+ year operating history, Campbell Lutyens has raised over $713 billion in capital. In 2025, the firm demonstrated its market leadership by winning multiple awards across PEI Group publications, including Global Placement Agent of the Year for Private Debt Investor, Placement Agent of the Year for Infrastructure Investor (the second consecutive year), and regional recognition as Advisor of the Year for APAC Secondaries.
Recent major transactions highlight Campbell Lutyens' advisory capabilities. The firm successfully closed Manulife Investment Management Fund III at a final close of $5.5 billion, marking the largest fund in Manulife's history. Campbell Lutyens also advised a global asset manager on a $1.5 billion single-asset continuation vehicle in the transportation sector and acted as financial advisor to TPG on its acquisition of Peppertree, a U.S.-based digital infrastructure specialist. These transactions underscore the firm's ability to execute large-scale capital advisory assignments across infrastructure and secondary markets.
The acquisition aligns with Lazard's strategic objectives outlined in its 2030 targets, which include doubling revenue and achieving double-digit annual revenue growth on average. By integrating Campbell Lutyens' independent platform and established relationships in private capital markets, Lazard expands its competitive positioning in the high-growth private markets advisory segment, where institutional investors, family offices, and alternative investment managers increasingly allocate capital.
Campbell Lutyens has established itself as a leading placement agent and capital advisor across multiple private asset classes. The firm provides comprehensive services spanning primary fundraising, secondary transactions, and GP capital solutions, with particular strength in private equity, private credit, and infrastructure advisory. Over its 35+ year operating history, Campbell Lutyens has raised over $713 billion in capital. In 2025, the firm demonstrated its market leadership by winning multiple awards across PEI Group publications, including Global Placement Agent of the Year for Private Debt Investor, Placement Agent of the Year for Infrastructure Investor (the second consecutive year), and regional recognition as Advisor of the Year for APAC Secondaries.
Recent major transactions highlight Campbell Lutyens' advisory capabilities. The firm successfully closed Manulife Investment Management Fund III at a final close of $5.5 billion, marking the largest fund in Manulife's history. Campbell Lutyens also advised a global asset manager on a $1.5 billion single-asset continuation vehicle in the transportation sector and acted as financial advisor to TPG on its acquisition of Peppertree, a U.S.-based digital infrastructure specialist. These transactions underscore the firm's ability to execute large-scale capital advisory assignments across infrastructure and secondary markets.
The acquisition aligns with Lazard's strategic objectives outlined in its 2030 targets, which include doubling revenue and achieving double-digit annual revenue growth on average. By integrating Campbell Lutyens' independent platform and established relationships in private capital markets, Lazard expands its competitive positioning in the high-growth private markets advisory segment, where institutional investors, family offices, and alternative investment managers increasingly allocate capital.
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