Key Takeaways
- • Lazard has completed its acquisition of Campbell Lutyens, combining the two firms' private capital advisory businesses under a new platform, Lazard CL.
- • Lazard CL targets $500 million in revenue in 2027, according to the company.
- • The combined business has more than 300 advisory professionals across 19 offices and has advised on more than $1 trillion in primary capital raised and secondary transaction volume across roughly 1,300 mandates over four decades.
- • The platform connects approximately 4,000 institutional investors through a distribution team of more than 60 LP distribution professionals.
- • Gordon Bajnai and Holcombe Green will serve as co-chief executives of Lazard CL, with Peter Orszag, Lazard's chairman and chief executive, overseeing the broader strategy.
Summary
Lazard has completed its acquisition of Campbell Lutyens, the private capital advisory firm, and combined the two businesses under a new platform called Lazard CL. The move comes as competition in private capital fundraising intensifies and demand for liquidity solutions grows. The acquisition was announced in April and forms part of Lazard's broader strategy to expand its advisory capabilities and diversify revenue streams.
Lazard CL brings together the firms' fundraising and secondary advisory businesses. The group is targeting $500 million in revenue in 2027. The combined business employs more than 300 advisory professionals across 19 offices worldwide. According to Lazard, the firms have collectively advised on more than $1 trillion in primary capital raised and secondary transaction volume across approximately 1,300 mandates over the past four decades.
The platform will offer fund placement, primary fundraising, secondary advisory and GP capital advisory services across private equity, private credit, infrastructure and real estate. Its distribution network connects approximately 4,000 institutional investors, supported by more than 60 LP distribution professionals. Lazard said proprietary datasets covering about 100,000 investor sentiment data points and 20,000 fund pricing data points will support benchmarking, positioning and investor targeting.
Peter Orszag, Lazard's chairman and chief executive, said the combination would strengthen connectivity between the firm's advisory businesses and extend its reach across private capital activity and strategic transactions. Gordon Bajnai and Holcombe Green will serve as co-chief executives. Bajnai said the platform would combine Campbell Lutyens' independent advisory franchise with Lazard's financial advisory capabilities, while Green said the acquisition would expand Lazard's existing private capital advisory business, particularly in infrastructure and private credit.
Lazard CL brings together the firms' fundraising and secondary advisory businesses. The group is targeting $500 million in revenue in 2027. The combined business employs more than 300 advisory professionals across 19 offices worldwide. According to Lazard, the firms have collectively advised on more than $1 trillion in primary capital raised and secondary transaction volume across approximately 1,300 mandates over the past four decades.
The platform will offer fund placement, primary fundraising, secondary advisory and GP capital advisory services across private equity, private credit, infrastructure and real estate. Its distribution network connects approximately 4,000 institutional investors, supported by more than 60 LP distribution professionals. Lazard said proprietary datasets covering about 100,000 investor sentiment data points and 20,000 fund pricing data points will support benchmarking, positioning and investor targeting.
Peter Orszag, Lazard's chairman and chief executive, said the combination would strengthen connectivity between the firm's advisory businesses and extend its reach across private capital activity and strategic transactions. Gordon Bajnai and Holcombe Green will serve as co-chief executives. Bajnai said the platform would combine Campbell Lutyens' independent advisory franchise with Lazard's financial advisory capabilities, while Green said the acquisition would expand Lazard's existing private capital advisory business, particularly in infrastructure and private credit.
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