United States $4.7 Billion Investment Bank & Asset Manager Lazard to Buy UK Private Capital Advisory Firm Campbell Lutyens for $575 Million in All-Cash Deal to Form Newly Created Private Capital Advisory Platform – Lazard CL, Campbell Lutyens Founded in 1988 by John Campbell, Richard Lutyens & Bill Dacombe
10th May 2026 | Hong Kong
United States investment bank & asset manager Lazard ($4.7 billion market value) has announced to buy UK private capital advisory firm Campbell Lutyens for $575 million in all-cash deal to form newly created private capital advisory platform – Lazard CL (Dedicated fundraising, secondary advisory, and GP capital advisory businesses in infrastructure, private credit, private equity, and real estate across the U.S., Europe, the Middle East, and Asia Pacific. The combined businesses represent, approximately $500 million in estimated combined 2027 revenue, more than 280 advisory professionals across 18 offices globally, a dedicated institutional distribution team of over 60 professionals, advisory roles on over 230 fee-paying mandates over the past two years, over $100 billion in GP and LP secondary transaction volume over the past two years, over $190 billion of capital raised for clients over the past two years). Campbell Lutyens was founded in 1988 by John Campbell, Richard Lutyens & Bill Dacombe. Announcement (30/4/26): “Lazard, Inc. (NYSE: LAZ) today announced that it has entered into a definitive agreement to acquire Campbell Lutyens, a premier global private markets advisor focused on fund placement, secondary advisory, and GP capital advisory services. Building on the success of Lazard’s existing private capital advisory group, the combined businesses will form a new unit, Lazard CL – creating the leading private capital advisory platform globally, working in close cooperation with Lazard’s world‑class M&A and broader advisory practices. Together, Lazard and Campbell Lutyens represent leading global positions in primary fundraising and secondary advisory, supported by world-class professionals and a track record of execution. Combining two highly complementary advisory platforms, Lazard CL will include dedicated fundraising, secondary advisory, and GP capital advisory businesses in infrastructure, private credit, private equity, and real estate across the U.S., Europe, the Middle East, and Asia Pacific. The combined businesses represent, approximately $500 million in estimated combined 2027 revenue, more than 280 advisory professionals across 18 offices globally, a dedicated institutional distribution team of over 60 professionals, advisory roles on over 230 fee-paying mandates over the past two years, over $100 billion in GP and LP secondary transaction volume over the past two years, over $190 billion of capital raised for clients over the past two years. In close coordination with Lazard’s preeminent M&A, capital markets advisory, and restructuring and liability management teams, Lazard CL will offer financial sponsor and institutional investor clients comprehensive and integrated advisory services across the full capital life cycle—from formation to liquidity to strategic alternatives—for both their firms and portfolio companies. By pairing the combined proprietary datasets of these two businesses with Lazard’s AI capabilities, this acquisition enables deeper insights for clients, while advancing the company’s goal of becoming the leading, AI-enabled independent financial firm. “
“ United States $4.7 Billion Investment Bank & Asset Manager Lazard to Buy UK Private Capital Advisory Firm Campbell Lutyens for $575 Million in All-Cash Deal to Form Newly Created Private Capital Advisory Platform – Lazard CL, Campbell Lutyens Founded in 1988 by John Campbell, Richard Lutyens & Bill Dacombe “
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Peter Orszag, CEO and Chairman of Lazard: “This transaction marks another defining strategic step on the path toward Lazard 2030 and an exciting avenue for future growth. Private capital advisory has been expanding rapidly, and the future will belong to those who can combine global insight and deep expertise with the scale to deliver innovative solutions across the full private markets spectrum. With this transaction, Lazard and Campbell Lutyens will set a new benchmark for a comprehensive global model—tightly integrated with Lazard’s world class M&A and broader advisory capabilities. Campbell Lutyens is an exceptional firm, and I am delighted to welcome its team to Lazard, while also congratulating Holcombe and Gordon on their expanded roles as Co-CEOs of Lazard CL.”
Gordon Bajnai, CEO of Campbell Lutyens: “Over the last 38 years we have grown to be a leading global independent private capital advisor, built on a culture of entrepreneurship, innovation, and a client-first mentality. Our stated aspiration is to be the premier global provider of capital formation and advisory services to private markets, and in Lazard we have found a highly complementary partner with a shared ambition for the future. Lazard’s strength in M&A and broader advisory platform will be a significant benefit to our combined entity. Together, we will expand investor access as one of the industry’s largest integrated distribution networks, creating an unparalleled global platform for private capital advisory and unlocking new opportunities for clients worldwide. I look forward to working with Holcombe to bring our teams together with a unified purpose and culture.”
Campbell Lutyens – Founded in 1988 by John Campbell, Richard Lutyens, and Bill Dacombe, Campbell Lutyens is one of the world’s leading independent private capital advisors. The firm provides a tailored combination of private capital capabilities, with services spanning private equity, private credit and infrastructure, and specialist expertise in primary fundraising, secondary transactions, and GP capital solutions. The company utilizes a data-led advisory approach, combining unique market insights with long-standing global relationships to access to deep pools of capital and the world’s leading private market sponsors.
Lazard – Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals.
United States $4.7 Billion Investment Bank & Asset Manager Lazard to Buy UK Private Capital Advisory Firm Campbell Lutyens for $575 Million in All-Cash Deal to Form Newly Created Private Capital Advisory Platform – Lazard CL, Campbell Lutyens Founded in 1988 by John Campbell, Richard Lutyens & Bill Dacombe
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