Lazard Completes Campbell Lutyens Deal, Launches Lazard CL Unit
Lazard finalizes its acquisition of Campbell Lutyens and unveils Lazard CL, positioning the combined firm as a global private capital advisory leader.
Lazard, Inc. has completed its acquisition of Campbell Lutyens and formally launched Lazard CL, a new business unit the firm is positioning as the global leader in private capital advisory, the New York- and London-based financial advisory company announced Nov. 2, 2026.
The transaction, which Lazard first disclosed on April 30, 2026, marks a significant strategic expansion for the NYSE-listed firm into the fast-growing private capital market. The combination merges Lazard's established global advisory platform with Campbell Lutyens' specialized expertise in private capital fundraising and secondary advisory services.
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The launch of Lazard CL reflects a broader industry trend of traditional investment banks and advisory firms deepening their presence in private markets, as institutional investors continue to allocate larger portions of their portfolios to private equity, infrastructure, and private credit. The move positions Lazard to compete more directly for mandates from fund managers and institutional clients navigating an increasingly complex private capital landscape.
By branding the combined operation as Lazard CL rather than absorbing Campbell Lutyens entirely under the Lazard name, the firm signals an intent to preserve the acquired unit's identity and client relationships while leveraging Lazard's global reach and distribution network. The strategic rationale underscores how incumbent advisory houses are adapting to serve a private markets sector that has grown substantially over the past decade.
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