Lazard Completes Campbell Lutyens Deal, Launches Lazard CL Unit
Lazard finalizes its acquisition of Campbell Lutyens and debuts Lazard CL, positioning the combined firm as a global private capital advisory leader.
Lazard, Inc. has completed its acquisition of Campbell Lutyens and unveiled the newly branded Lazard CL, a venture the New York- and London-based financial advisory firm is billing as the global leader in private capital advisory, the company announced Nov. 2, 2026.
The deal, which was first disclosed on April 30, 2026, marks a significant strategic expansion for Lazard as private capital markets continue to grow in scale and complexity. By absorbing Campbell Lutyens — a well-established placement agent and secondary advisory firm — Lazard aims to strengthen its foothold in an asset management segment that has attracted surging institutional demand worldwide.
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The creation of Lazard CL signals the firm's ambition to consolidate its advisory capabilities under a unified brand capable of serving clients across fundraising, secondaries, and broader private capital transactions on a global scale. The combination is designed to deepen the advisory bench that both organizations separately brought to market.
For Lazard, which trades on the New York Stock Exchange under the ticker LAZ, the move reflects a broader industry trend of traditional investment banks seeking to capture more of the fee-rich private markets business as alternatives continue to draw capital away from public equities and fixed income. The timing of the formal launch — roughly six months after the initial announcement — suggests a deliberate integration process ahead of the deal's completion.
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