Lazard Acquires Campbell Lutyens, Forms Lazard CL Advisory Unit

Lazard, Inc. finalized its acquisition of Campbell Lutyens on Nov. 2, 2026, and simultaneously unveiled Lazard CL, a newly branded global private capital advisory business, the New York- and London-based firm announced Monday. The deal, first disclosed on April 30, 2026, marks one of the more significant consolidation moves in the private capital advisory space in recent years.

The creation of Lazard CL reflects broader industry momentum toward integrating specialized placement and advisory capabilities under larger, full-service financial institutions. Private capital markets have expanded rapidly, driven by institutional appetite for alternative assets, and firms with global reach and deep relationships across both general partners and limited partners are increasingly positioned as essential intermediaries.

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Lazard, which trades on the New York Stock Exchange under the ticker LAZ, framed the combined entity as a leader for what it called "the next era of private capital." Campbell Lutyens had been a well-regarded independent advisory firm operating across fund placement and secondary advisory services, bringing an established client roster and international footprint to the transaction.

The merger consolidates advisory talent and geographic coverage at a moment when private equity, infrastructure, and private credit fundraising remain competitive globally. The combined platform is expected to serve both fund managers seeking capital and institutional investors navigating an increasingly complex alternatives landscape.

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