Lazard has entered a definitive agreement to acquire Campbell Lutyens, a global private markets advisor focused on fund placement, secondary advisory, and GP capital advisory services. The transaction includes approximately $575 million in consideration, payable in part at closing and in part two years after closing, along with potential additional consideration of up to $85 million tied to defined performance criteria. The deal is expected to close in calendar year 2026, subject to regulatory approvals.
The acquisition will combine Lazard’s private capital advisory group with Campbell Lutyens to form Lazard CL, a new global business unit focused on private capital advisory. Lazard said the combined platform is expected to generate approximately $500 million in estimated 2027 revenue and include more than 280 advisory professionals across 18 offices. The business will cover fundraising, secondary advisory, and GP capital advisory across infrastructure, private credit, private equity, and real estate.
Holcombe Green, Lazard’s Global Head of Private Capital Advisory, and Gordon Bajnai, CEO of Campbell Lutyens, will serve as Co-CEOs of Lazard CL. Andrew Sealey, Chairman of Campbell Lutyens, will serve as non-executive Chairman of the new unit. Lazard said senior leadership from both firms will remain in place across the combined platform.
The deal expands Lazard’s private capital advisory operations as institutional investors and sponsors seek more integrated advice across fundraising, liquidity, and strategic alternatives. Lazard CL will coordinate with the firm’s M&A, capital markets advisory, restructuring, and liability management teams, giving the firm a larger advisory platform across the private capital life cycle.
