Lazard Completes Campbell Lutyens Deal, Launches Lazard CL Unit
Lazard finalizes its acquisition of Campbell Lutyens and debuts Lazard CL, positioning the combined firm as a global private capital advisory leader.
Lazard, Inc. completed its acquisition of Campbell Lutyens on November 2, 2026, and simultaneously launched a new combined business unit called Lazard CL, the New York- and London-based financial advisory firm announced. The deal, originally disclosed on April 30, 2026, marks a significant expansion of Lazard's footprint in the fast-growing private capital advisory market.
The newly branded Lazard CL is positioned by the firm as the global leader in private capital advisory services, a segment that has seen surging demand as institutional investors increasingly allocate assets to private equity, private credit, and other alternative strategies. The integration of Campbell Lutyens — a specialist placement and secondary advisory firm — brings additional client relationships and geographic reach to Lazard's existing advisory platform.
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The transaction reflects a broader consolidation trend within the financial advisory industry, where traditional investment banks and boutique advisors alike are racing to deepen capabilities in alternatives as public market fee revenue faces structural pressure. By combining Lazard's global brand and balance sheet with Campbell Lutyens' specialized private capital expertise, the merged entity aims to serve a wide range of fund managers, institutional investors, and sovereign wealth funds navigating an increasingly complex private markets landscape.
Lazard trades on the New York Stock Exchange under the ticker symbol LAZ. The financial terms of the completed transaction were not disclosed in the announcement.
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