Lazard to Acquire Campbell Lutyens, Creating the Global Leader in Private Capital Advisory
Overview
Lazard has entered into a definitive agreement to acquire Campbell Lutyens, a premier global private capital advisory firm focused on fund placement, secondary advisory, and GP capital advisory. The transaction represents a transformative milestone for Lazard and reflects the firm’s strategic commitment to private capital advisory as a core, long-term growth platform.
Upon closing, the combined business will form an autonomously operating unit, Lazard CL, which will become Lazard’s third global business alongside Financial Advisory and Asset Management.
Closing is anticipated to occur calendar year 2026, subject to regulatory approvals.
Following closing, Lazard CL will represent the most comprehensive and scaled private capital advisory platform globally, distinguished by:
- Market leading breadth of capabilities: Fully integrated advisory services across primary fundraising, GP capital advisory, and GP and LP led secondary transactions, spanning infrastructure, private credit, private equity, and real estate.
- Category leadership across private markets: The combination unites two established leaders in fundraising and GP led secondary advisory, creating unmatched depth across asset classes and transaction types.
- Global scale with senior expertise: A combined team of more than 300 professionals across key financial centers in North America, Europe, the Middle East, and Asia Pacific.
- Integration within Lazard: As Lazard’s third global business, Lazard CL will be uniquely connected to the firm’s leading M&A, capital markets, restructuring, and liability management capabilities—enabling more holistic solutions for financial sponsor clients.
For clients, the combination delivers enhanced capability without disruption:
- Expanded solutions from a single global platform: Broader access to integrated advice across capital formation, liquidity, and strategic transactions.
- Greater ability to execute complex mandates: Increased scale, specialization, and connectivity enhance execution across large, multi asset, and cross border engagements.
- Greater investment in innovation: increased investment in the largest pool of proprietary data across all asset classes, AI and technology to support tailored decision making.
- Continuity of relationships: retained focus on client service with coverage teams and ongoing engagements remain unchanged, with additional capability available upon close.
Lazard CL will be led by co-CEOs drawn from Lazard and Campbell Lutyens, reporting to Lazard CEO and Chairman Peter Orszag.
- Shared culture and values: both businesses are recognized for tenured talent across teams and entrepreneurial spirit
- Advisory-led: Lazard and Campbell Lutyens share a deep commitment to customized advice and market access, underpinned by proprietary data and research-led market analysis
- Collaborative: commitment to operate as one team to provide enhanced solutions with extended distribution and syndication capabilities
Senior leadership across fundraising, GP capital advisory, and secondary advisory will remain in place across the combined business.
Our stated aspiration is to be the premier global provider of capital formation and advisory services to private markets, and in Lazard we have found a highly complementary partner with a shared ambition for the future. Together, we will expand investor access as one of the industry’s largest integrated distribution networks, creating an unparalleled global platform for private capital advisory and unlocking new opportunities for clients worldwide.
Campbell Lutyens has built a formidable business, and this transaction brings together two highly respected franchises with deeply complementary strengths. By enabling us to provide end‑to‑end solutions that span capital formation, liquidity, and strategic advisory, we are better positioned to support clients across private markets and create growth opportunities for our world-class bankers—setting the standard for excellence in private capital advisory.
Timing and Approvals
Closing is subject to customary regulatory approvals. Until closing, Lazard and Concorde will operate independently.
Clients should continue to contact their existing relationship teams with any questions.