Lazard Closes Campbell Lutyens Deal, Launches Lazard CL Advisory 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 unveiled a new combined business unit under the Lazard CL brand, the New York- and London-based firm announced. The deal, which was first disclosed on April 30, 2026, marks a significant expansion of Lazard's footprint in the private capital advisory market.
The launch of Lazard CL is designed to position the merged operation as the dominant global platform serving private capital clients, a segment that has grown substantially as institutional investors continue to allocate larger shares of their portfolios to alternative assets and private funds.
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By integrating Campbell Lutyens — a well-regarded specialist in private capital fundraising and secondary advisory — into its existing financial advisory infrastructure, Lazard is signaling a strategic bet that demand for independent, conflict-free guidance in private markets will accelerate in the coming years. The combined entity is expected to draw on complementary geographic coverage and client relationships across both firms.
The transaction reflects broader consolidation trends in financial advisory, where established investment banks are moving to capture more of the private capital lifecycle, from fundraising and placement to secondary transactions and portfolio management consulting. Lazard trades on the New York Stock Exchange under the ticker symbol LAZ.
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