New York and London, November 3, 2026 /PRNewswire/ — Lazard, Inc. (NYSE: LAZ) today announced the completion of its acquisition of Campbell Lutyens and the official launch of Lazard CL, a leading global private capital advisory firm. The transaction, initially announced on April 30, 2026, brings together Lazard’s private capital advisory business with the premier bankers and global capabilities of Campbell Lutyens.
Lazard stated that the establishment of Lazard CL is a milestone in the "Lazard 2030" strategy, aimed at achieving long-term, profitable growth, expanding client-facing solutions, and further diversifying the company's revenue sources.
Peter Orszag, CEO and Chairman of Lazard, said: “We are thrilled to launch our third global business, Lazard CL. By combining our global leadership in primary capital raising and secondary advisory with our premier expertise in mergers and acquisitions, capital markets, and restructuring, we have strengthened the synergy among our advisory businesses and enhanced our coverage in large-scale strategic transactions and private capital raises. Campbell Lutyens is an exceptional firm with outstanding talent and a culture very aligned with ours—business-driven, collaborative, and client-focused—I am delighted to welcome the team to Lazard.”
Lazard CL brings together complementary platforms and delivers decades of service experience to its clients. With over 300 advisory professionals and 19 global offices, the firm has advised on approximately 1,300 mandates over the past 40 years, providing guidance on primary capital raises and secondary transactions totaling over $1 trillion. As competition in capital raising intensifies and liquidity solutions grow increasingly complex, institutional investors, financial sponsors, and their portfolio companies require independent, differentiated advisory services spanning the entire private capital lifecycle. Lazard CL is uniquely positioned to meet this need through its global distribution network, deep expertise, and proven track record of execution.
- A platform with diverse solutions: Offering a comprehensive suite of services covering fund raising, primary capital raising, secondary advisory, and general partner (GP) capital advisory throughout the entire private capital lifecycle—from fundraising to liquidity and strategic alternatives. Lazard CL is expanding its global distribution capabilities through a dedicated team of more than 60 LP sales specialists, connecting approximately 4,000 institutional investors with attractive investment opportunities and liquidity solutions.
- Extensive coverage of asset classes and trading expertise: Professional experience across all major asset classes—including private equity, private credit, infrastructure, and real estate—as well as in leading financial centers such as North America, Europe, the Middle East, and Asia-Pacific.
- Differentiated data advantage: A proprietary dataset built over the past 15 years, currently comprising approximately 100,000 investor sentiment data points and 20,000 fund price data points. Combined with Lazard’s leading artificial intelligence capabilities, these data assets enable clients to achieve more accurate valuation, positioning, and investor outreach.
- Independent advisory: A specialized firm established exclusively for private capital clients. Operating independently while leveraging Lazard’s global brand and infrastructure, Lazard CL provides independent, objective, and confidential advisory services throughout every stage of the private equity cycle—from initial capital raising to GP capital advisory.
Gordon Bajnai, Co-Chief Executive Officer of Lazard CL, said: “Today, Lazard CL begins operations as the world’s largest integrated private capital advisory platform. Campbell Lutyens built, over 38 years, an independent, entrepreneurial business—and that client-centric spirit is now embodied in our new firm. Combined with Lazard’s strength in financial advisory, Lazard CL offers clients a global reach and presence that is rare in the industry.”
Holcombe Green, Co-Chief Executive Officer of Lazard CL, said: “Lazard CL represents the next phase of everything we’ve built over the past five years in private capital advisory—during which the firm more than tripled its revenue and expanded its global footprint. This transaction complements our leading capabilities in private equity and real estate with strengthened leadership in infrastructure and private credit, bringing together team expertise to create the most comprehensive private capital advisory firm.”
As stated by the company at the time of the acquisition announcement on April 30, 2026, the upfront payment upon closing of the transaction was primarily made in Lazard stock, with a portion of the shares subject to a lock-up period of up to three years. This strengthened Lazard’s balance sheet and aligned the interests of the combined team with the company’s long-term value creation. As Lazard outlined during its third-quarter and first-nine-months 2026 earnings call, the performance of the Campbell Lutyens business has exceeded the assumptions made at the time of acquisition. Lazard still expects Lazard CL to generate approximately $500 million in total revenue in 2027 and to have a positive impact on profitability prior to any revenue or expense synergies. For more information, please visit Lazard.com.
About Lazard
Founded in 1848, Lazard is a leading financial advisory, private equity advisory, and asset management firm with offices across North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advisory services on mergers and acquisitions, capital markets and capital solutions, restructuring and debt management, geopolitics, and other strategic matters. Lazard also offers primary capital fundraising, secondary transactions, and GP capital solutions for sponsors and investors in the private markets, as well as wealth management and investment solutions for institutions, corporations, governments, partnerships, family offices, and high-net-worth individuals. Lazard is listed on the New York Stock Exchange under Lazard, Inc. (ticker: LAZ). For more information, visit Lazard.com and follow Lazard on LinkedIn.
Lazard CL is a subsidiary of Lazard, Inc. (NYSE: LAZ), providing specialized services in private equity, private credit, infrastructure, and real estate—including primary capital fundraising, secondary advisory, and GP capital advisory—across the Americas, Europe, the Middle East, and the Asia-Pacific region. For more information, visit LazardCL.com and follow LazardCL on LinkedIn.
Forward-Looking Statement Disclaimer
This press release contains "forward-looking statements" as defined under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "may," "might," "will," "should," "could," "would," "expect," "plan," "predict," "believe," "estimate," "anticipate," "potential," "goal," "pipeline," or "continue," and their negative forms and similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties, and assumptions related to the company, including Lazard CL's projected total revenue and the anticipated earnings contribution from the Campbell Lutyens acquisition in 2027; Lazard CL's expected earnings and future business development, including growth opportunities, synergies among businesses, and benefits to clients; and the company's "Lazard 2030" strategy aimed at achieving long-term profit growth.
These forward-looking statements are predictions based solely on the company’s current expectations and judgments regarding future events. Important factors may cause the company’s actual results, operations, performance, or achievements to differ materially from those explicitly or implicitly stated or implied in the forward-looking statements.
These factors include, but are not limited to, the matters discussed in Item 1A, “Risk Factors,” of the company’s Annual Report on Form 10-K, as well as those referenced from time to time in the company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the following:
- The expected benefits from Campbell Lutyens' acquisition may not be realized within the anticipated timeframe, or may not be realized at all;
- Difficulties, delays, or higher-than-expected costs may arise during the integration of Campbell Lutyens' business, operations, and personnel;
- Adverse overall economic conditions or unfavorable environments in global or regional financial markets;
- Changes in international trade policies and practices, including increased tariffs, proposed additional tariffs, and retaliatory measures by other countries, may pose risks of government shutdowns and their resulting economic impacts, volatility, and uncertainty;
- The company's revenue has declined, such as due to reduced merger and acquisition activity, lower capital raising, decreased secondary market activity, shrinking market share, or a reduction in assets under management (AUM);
- Losses caused by third-party financial or other issues;
- Losses due to unidentified or unforeseen risks;
- Insufficient liquidity, meaning an inability to directly obtain the funds needed for operations;
- The competitive pressures the company faces, and its ability to retain and attract employees at current compensation levels; and
- Changes in relevant tax laws, regulations, or treaties, or adverse interpretations of these provisions.
The above risks and uncertainties are not exhaustive. Other factors that could adversely affect the business and financial performance are described in the company’s filings with the U.S. Securities and Exchange Commission (SEC). In addition, the company operates in a highly competitive and rapidly changing environment. New risks and uncertainties may arise from time to time, and the company’s management cannot foresee all risks and uncertainties or assess the impact of all factors on the business, or determine the extent to which any single factor or combination of factors may cause actual results to differ materially from those in forward-looking statements.
Therefore, forward-looking statements in this disclosure are not guaranteed to be accurate. Although the company believes these statements are reasonable, it cannot guarantee future results, activity levels, performance, achievements, or events. Additionally, neither the company nor any other party assumes responsibility for the accuracy or completeness of these forward-looking statements. You should not regard forward-looking statements as predictions of future events. The company has no obligation to update these forward-looking statements after the date of this press release to reflect actual results or changes in expectations, and it does not intend to do so.
Lazard, Inc. is committed to providing timely and accurate information to investors and the public in accordance with legal and regulatory obligations. To this end, Lazard and its operating companies use their website and other social media platforms to disseminate information regarding business activities, including the scheduled release dates of quarterly earnings, quarterly financial, statistical, and business data, as well as updates on assets under management for various investment funds, hedge funds, and other investment products managed by Lazard Asset Management LLC and Lazard Frères Gestion SAS. Investors may access Lazard and its operating companies’ website at www.lazard.com.