Lazard buys Campbell Lutyens to expand private markets advisory
Updated
Updated · The Wall Street Journal · Apr 30
Lazard buys Campbell Lutyens to expand private markets advisory
7 articles · Updated · The Wall Street Journal · Apr 30
The $575 million deal brings in the London-based private-equity fundraising specialist and will combine it with Lazard's existing private-capital advisory arm.
Together, the businesses raised more than $190 billion for clients over the past two years, while Campbell Lutyens also advises on secondary stake sales in existing private-equity funds.
The acquisition comes as banks and boutiques build private-capital teams amid tougher fundraising; private-equity funds raised $86 billion in the first quarter, versus $423.4 billion in 2025.
Amidst a 'Great Locking' of capital, can Lazard's $575M bet unlock trillions in stranded private equity assets?
With AI disrupting software valuations, will Lazard's new advisory arm survive the industry's 'cognitive tipping point'?
As private markets open to retail investors, does this mega-merger create safer access or just concentrate risk?