NEW YORK and LONDON, 3 November 2026 /PRNewswire/ -- Lazard, Inc. (NYSE: LAZ) today announced the completion of its acquisition of Campbell Lutyens and the launch of Lazard CL, the global leader in private capital advisory. The transaction, first announced on 30 April 2026, brings together senior bankers and global operations from Lazard's private capital advisory business and Campbell Lutyens. The creation of Lazard CL marks a milestone in the "Lazard 2030" strategy, which aims to deliver long-term, profitable growth, broaden the range of client solutions and further diversify the firm's revenue streams.

Peter Orszag, CEO and Chairman of Lazard, said the firm is very pleased to create its third global business, Lazard CL. By combining its leading positions in primary capital raising and secondary advisory with its expertise in M&A, capital markets and restructuring, Lazard deepens the connections between its advisory businesses and strengthens its reach in the largest strategic transactions as well as in private capital raising. He described Campbell Lutyens as an exceptional firm with outstanding professionals and a culture very similar to Lazard's. (Quote rendered in summary form.)

Lazard CL brings together complementary platforms with a long track record for clients. With more than 300 advisory professionals and 19 offices worldwide, Lazard CL has advised over the past four decades on around 1,300 mandates on primary capital raising and secondary transactions totalling more than USD 1 trillion. As competition for capital intensifies and liquidity solutions become more complex, institutional investors, financial sponsors and their portfolio companies need independent, differentiated advice across the entire private capital lifecycle.

One platform, multiple solutions: The full spectrum of fund placement, primary capital raising, secondary advisory and GP capital advisory services for financial sponsors, institutional investors and other active market participants across the private capital lifecycle. Lazard CL is expanding its global distribution capabilities to connect around 4,000 institutional investors with investment opportunities and liquidity solutions through a dedicated team of more than 60 LP coverage professionals.

Broad asset class and transaction experience: Specialist expertise across all major asset classes - private equity, private credit, infrastructure and real estate - and in all major financial centres, including North America, Europe, the Middle East and Asia-Pacific.

A differentiated data advantage: Proprietary data sets built over the past 15 years, currently comprising around 100,000 investor sentiment data points and around 20,000 fund pricing data points, combined with Lazard's AI capabilities.

Independent advice: A specialist business built for private capital clients, backed by Lazard's global brand and infrastructure while operating independently, providing independent, objective and discreet advice at every stage of the private equity cycle.

Gordon Bajnai, Co-CEO of Lazard CL, said that Lazard CL begins operations today as the world's largest integrated private capital advisory platform and that the independent, client-focused spirit Campbell Lutyens built over 38 years now shapes the new business. Holcombe Green, Co-CEO of Lazard CL, said the transaction complements Lazard's strengths in private equity and real estate with a leading position in infrastructure and private credit. (Quotes rendered in summary form.)

As announced in April 2026, the upfront consideration at closing was paid predominantly in Lazard shares, parts of which are subject to a lock-up of up to three years. Lazard continues to expect Lazard CL to generate total revenue of around USD 500 million in 2027 and to be accretive to earnings before any revenue or cost synergies.

This text was automatically translated from the German version distributed via PR Newswire.