Lazard has completed its acquisition of Campbell Lutyens, the private capital placement and secondaries adviser, and launched the combined business as Lazard CL, the New York-listed firm said on 2 November 2026.
Why Lazard, Inc. is buying Campbell Lutyens & Co. Ltd.
Lazard said Lazard CL is a full-service private capital advisory business covering private equity, private credit, infrastructure and real estate, connecting about 4,000 institutional investors with fundraising and liquidity opportunities. It said Campbell Lutyens was performing ahead of the assumptions behind the deal.
“We are thrilled to launch our third global business, Lazard CL.”
Deal terms and financing
The upfront consideration was paid mainly in Lazard stock, with portions subject to lock-up arrangements of up to three years. Lazard did not disclose a price. It expects the business to generate about US$500m of estimated combined revenue and to be accretive to earnings in 2027, before revenue or expense synergies.
Market context
Lazard announced the agreement on 30 April 2026. Lazard CL has more than 300 advisory professionals, more than 60 LP distribution specialists and 19 offices, and the combined teams have advised on more than US$1tn of primary capital raising and secondary transactions across about 1,300 mandates. Gordon Bajnai and Holcombe Green are co-chief executives.
