#USA #New York #Lazard #Campbell Lutyens #Lazard CL

Lazard Finalizes Acquisition of Campbell Lutyens

On November 2, 2026, Lazard, Inc. (NYSE: LAZ) proudly announced the successful completion of its acquisition of Campbell Lutyens, a significant milestone that underscores Lazard's commitment to enhancing its global advisory capabilities in private equity. This strategic move not only cements Lazard's position in the investment advisory landscape but also introduces Lazard CL, a new leader in meeting the evolving demands of private capital markets.

A Strategic Step Forward

The announcement was initially made on April 30, 2026, and marked the beginning of an exciting journey for both Lazard and Campbell Lutyens. The merger brings together top-tier bankers and a global network that integrates the esteemed private capital advisory services of both entities.

Peter Orszag, CEO and Chair of Lazard, expressed his enthusiasm about the launch of Lazard CL, stating, “We are thrilled to introduce our third global line of business, Lazard CL. By uniting world-leading positions in primary fundraising and secondary advisory with our core expertise in mergers, capital markets, and restructuring, we enhance our advisory services and extend our reach into strategic transactions and private equity.”

Comprehensive Advisory Services

Lazard CL combines complementary platforms and boasts a wealth of experience, with over 300 advisors operating from 19 offices worldwide. Collectively, Lazard CL has advised on over $1 trillion in primary capital raised and secondary transactions across approximately 1,300 mandates over the last four decades.

In an increasingly competitive fundraising environment, institutional investors, financial sponsors, and portfolio companies face growing challenges. They require independent and differentiated advice throughout the private equity lifecycle. With Lazard CL's extensive distribution network and profound expertise, the firm stands well-positioned to meet this need effectively.

The platform offers a full suite of services including primary fund placements, secondary advisory, and capital advisory tailored for general partners, catering to financial sponsors, institutional investors, and other active market participants through every phase of private capital from fund formation to liquidity alternatives.

Global Connectivity and Asset Class Expertise

Lazard CL enhances its global distribution capabilities, connecting around 4,000 institutional investors with both attractive investment opportunities and liquidity solutions. This effort is supported by a dedicated team of over 60 professionals in distribution to limited partners.

Moreover, the firm possesses deep expertise across major asset classes: private equity, credit, infrastructure, and real estate, all while establishing a presence in key financial hubs including North America, Europe, the Middle East, and Asia-Pacific.

Differentiated Data Advantage

Lazard CL utilizes proprietary datasets developed over the past 15 years, encompassing approximately 100,000 data points on investor sentiment and around 20,000 points on fund pricing. Coupled with Lazard’s leading AI capabilities, this allows for precise benchmarking, positioning, and targeting of investors on behalf of clients.

Independent and Dedicated Advisory

As a specialized firm designed specifically for private capital clients, Lazard CL operates autonomously while leveraging the global brand strength and infrastructure of Lazard to provide independent, objective, and discreet advice throughout the private equity cycle—from initial fundraising to capital advisory for general partners.

Gordon Bajnai, co-CEO of Lazard CL, remarked, “Today marks the opening of Lazard CL, the largest integrated private equity advisory platform in the world. Campbell Lutyens has dedicated 38 years to building an independent, entrepreneurial franchise grounded in a client-focused mentality, and this spirit continues in our new firm.”

Holcombe Green, also co-CEO of Lazard CL, added, “Lazard CL represents the next step in what we’ve built in private equity advisory at Lazard over the past five years—a period in which our business has more than doubled in revenue and expanded its global footprint.”

This acquisition marks a considerable investment in Lazard’s future, enhancing its advisory capabilities in private equity and real estate while synchronizing expertise across teams to position itself as the leading comprehensive advisory firm in the private equity sector.

Looking Ahead

As stated during the acquisition announcement, the initial consideration for closing the deal was primarily made in Lazard stock, with some subject to lock-up agreements lasting up to three years. This approach strengthens Lazard’s balance sheet and aligns the combined team’s incentives with the long-term performance of the company. Furthermore, Lazard expects the operations of Campbell Lutyens to perform better than forecasts that motivated the acquisition.

Lazard continues to project that Lazard CL will generate around $500 million in estimated combined revenues and will positively impact earnings in 2027 before accounting for any revenue or expense synergies.

For further information, visit Lazard.com.

About Lazard

Founded in 1848, Lazard is a premier financial advisory and asset management firm with a presence in North America, South America, Europe, the Middle East, Asia, and Australia. Offering advisory services in mergers and acquisitions, capital markets, restructuring, and more, Lazard aids private equity sponsors and investors in primary fundraising and secondary transactions, while providing asset management solutions to a diverse client base.

Lazard is listed on the New York Stock Exchange under the moniker Lazard, Inc., with the ticker symbol LAZ. To learn more, visit Lazard.com and follow Lazard on LinkedIn.