Lazard Closes Campbell Lutyens Deal, Launches Lazard CL Unit
Lazard completes its acquisition of Campbell Lutyens and unveils Lazard CL, positioning the combined firm as a global private capital advisory leader.
Lazard, Inc. finalized its acquisition of Campbell Lutyens on Nov. 2, 2026, and simultaneously launched Lazard CL, a newly branded entity the firm describes as the global leader in private capital advisory. The deal, first announced April 30, 2026, marks a significant expansion of Lazard's advisory footprint into private markets at a time when institutional demand for private capital solutions continues to grow worldwide.
The creation of Lazard CL signals an effort by the New York- and London-headquartered investment bank to consolidate capabilities across fundraising advisory, secondaries, and co-investment placement under a single integrated platform. Campbell Lutyens, a well-regarded independent private capital adviser with deep relationships among institutional investors in Europe and North America, adds specialist expertise and an established client network to Lazard's existing advisory business.
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The move reflects a broader industry trend of traditional financial advisory firms seeking to deepen their presence in alternative assets, as private equity, infrastructure, and private credit markets attract ever-larger allocations from pension funds, sovereign wealth funds, and endowments. By combining Lazard's global reach and balance sheet credibility with Campbell Lutyens' private markets specialization, the merged platform aims to compete at the highest tier of capital-raising mandates.
Lazard trades on the New York Stock Exchange under the ticker LAZ. The financial terms of the transaction were not disclosed in the announcement.
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