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Lazard is purchasing Campbell Lutyens, the largest independent private capital adviser to create a new division called Lazard CL. The unit, to be co-led by Gordon Bajnai and Holcombe Green III, aims to turn Lazard into a global powerhouse for advising on private market transactions. Lazard CL will include more than 280 professionals in 18 offices and is expected to generate about $500m of revenue in 2027.
“The pieces just fit together very naturally,” the chief executive officer said at his firm’s headquarters at Manhattan’s Rockefeller Center. “This provides a source of revenue that is both rapidly growing and diversified.”
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