New York-listed Lazard, a global financial advisory and asset management firm, is acquiring Campbell Lutyens, a UK-based global private markets advisor focused on fund placement, secondary advisory, and GP capital advisory services. The combined businesses will form a new unit, Lazard CL – combining dedicated fundraising, secondary advisory, and GP capital advisory capabilities across private equity, infrastructure, private credit, and real estate.
The transaction total of US$575m is payable in part at closing and in part two years following closing. There is also potential additional consideration of up to US$85m based on performance over a multi-year period.
The combined business will operate across every major alternative asset class and geography, providing end‑to‑end strategic, capital raising, and liquidity solutions for financial sponsors and institutional investors throughout the private capital lifecycle.
With this transaction, Lazard will establish Lazard CL as its third global business alongside Financial Advisory and Asset Management.
The combined businesses represent: approximately US$500m in estimated combined 2027 revenue; more than 280 advisory professionals across 18 offices globally; a dedicated institutional distribution team of over 60 professionals; advisory roles on over 230 fee-paying mandates over the past two years; over US$100bn in GP and LP secondary transaction volume over the past two years; and over US$190bn of capital raised for clients over the past two years
Reporting to Lazard CEO and chairman Peter Orszag, Lazard global head of Private Capital Advisory Holcombe Green has been appointed co-CEO of Lazard CL with Gordon Bajnai, the current CEO of Campbell Lutyens.
