Lazard Completes Campbell Lutyens Deal, Launches Lazard CL Unit
Lazard finalizes its acquisition of Campbell Lutyens and unveils Lazard CL, positioning the combined firm as a global private capital advisory leader.
Lazard, Inc. (NYSE: LAZ) announced the completion of its acquisition of Campbell Lutyens on November 2, 2026, marking a significant expansion of the firm's private capital advisory capabilities. The deal culminates in the formal launch of Lazard CL, a newly branded global platform aimed at serving clients across the full spectrum of private capital markets.
The combined entity positions itself as a worldwide leader in private capital advisory services, drawing on the established institutional relationships and sector expertise that Campbell Lutyens built over decades as an independent adviser. Lazard CL is designed to operate at the intersection of private equity, infrastructure, and private credit advisory, areas that have grown substantially in institutional investor portfolios in recent years.
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The transaction reflects a broader industry trend of traditional investment banks and advisory firms seeking scale in the fast-expanding private capital segment, where demand for sophisticated placement, secondaries, and fund advisory services has accelerated. By integrating Campbell Lutyens, Lazard gains a dedicated team with deep LP and GP relationships across North America, Europe, and Asia.
New York-based Lazard, which also maintains a significant presence in London, has not disclosed the financial terms of the acquisition. The launch of Lazard CL signals the firm's strategic intent to compete directly with specialist private capital advisory boutiques as well as larger multi-service financial institutions expanding into the same space.
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