Lazard Completes Campbell Lutyens Acquisition, Launches Lazard CL

The Tip Desk · November 2, 2026 · 3 min read

Lazard CL is the firm’s third global business, with more than 300 advisory professionals and 19 offices worldwide.

Lazard, Inc. (LAZ) completed its acquisition of Campbell Lutyens, a global private markets advisor, on November 2, 2026, and launched Lazard CL, which the firm described as the global leader in private capital advisory.

The transaction, announced on April 30, 2026, brought together Lazard’s private capital advisory and the Campbell Lutyens businesses. The establishment of Lazard CL marked a milestone in the Lazard 2030 strategy to deliver long-term, profitable growth, expanding the solutions provided to clients and further diversifying the firm’s revenue.

With more than 300 advisory professionals and 19 offices worldwide, Lazard CL represented collectively advising on more than $1 trillion of primary capital raised and secondary transaction volume across approximately 1,300 mandates over the past four decades. The unit includes dedicated fundraising, secondary advisory, and GP capital advisory businesses in infrastructure, private credit, private equity, and real estate across the U.S., Europe, the Middle East, and Asia Pacific. Lazard CL extends global distribution capabilities to connect approximately 4,000 institutional investors through a dedicated team of more than 60 LP distribution professionals.

Peter Orszag, CEO and Chairman of Lazard, said: “We are thrilled to launch our third global business, Lazard CL. By pairing leading global positions in primary fundraising and secondary advisory with our world-class M&A, capital markets, and restructuring expertise, we are deepening the connectivity between our advisory businesses and strengthening our reach across both the largest strategic transactions and private capital activity. Campbell Lutyens is an exceptional firm with outstanding talent and a culture much like ours—commercial, collegial, and committed to clients—and I am delighted to welcome the team to Lazard.”

Gordon Bajnai, Co-CEO of Lazard CL, said: “Today, Lazard CL opens its doors as the largest integrated platform in private capital advisory anywhere in the world. Campbell Lutyens spent 38 years building an independent, entrepreneurial franchise rooted in a client-first mentality, and that same spirit now carries forward into our new business. Along with Lazard's strength across Financial Advisory, Lazard CL gives our clients a global scale and reach that few in the industry can match.” Holcombe Green, Co-CEO of Lazard CL, said the unit represented the next stage of private capital advisory at Lazard over the past five years, a period in which that business more than doubled its revenue and expanded its footprint globally.

As shared at the time of the acquisition announcement, the upfront consideration at transaction close was paid primarily in the form of Lazard stock with portions subject to lock-up arrangements of up to three years. The Campbell Lutyens business is performing ahead of the assumptions that supported the acquisition, Lazard said on its third quarter and first nine months of 2026 earnings call. Lazard continues to anticipate that Lazard CL will generate approximately $500 million of estimated combined revenue and be accretive to earnings in 2027 before accounting for revenue or expense synergies.

Reporting to Orszag, Lazard Global Head of Private Capital Advisory Holcombe Green serves as Co-CEO of Lazard CL with Gordon Bajnai. Andrew Sealey, Chairman of Campbell Lutyens, serves as Lazard CL’s non-executive Chairman. Senior leadership from both firms remains in place.