Lazard announced a $575 million purchase of Campbell Lutyens, a specialist private‑capital placement agent. The deal includes an earn‑out of up to $85 million tied to performance over several years. The acquisition will create Lazard CL, a dedicated global private‑capital advisory platform that will house fundraising, secondary and GP advisory services across infrastructure, private credit, equity and real estate for institutional investors worldwide today in.

The new unit will be led by Holcombe Green, Lazard’s global head of private capital advisory, and Gordon Bajnai, Campbell Lutyens’ CEO, who will serve as co‑chief executive officers. By combining their networks and expertise, Lazard aims to expand its presence in the US, Europe, the Middle East and Asia Pacific and to offer clients a broader suite of capital‑raising and secondary market solutions.

The transaction values Campbell Lutyens at a premium to its market valuation and signals Lazard’s aggressive push into private‑capital advisory. The combined entity will leverage Lazard’s deep financial‑advisory capabilities to support institutional investors seeking alternative‑asset exposure, potentially reshaping the competitive dynamics of the global placement‑agent market. This move positions Lazard to capture a larger share of fee‑based advisory revenue in the coming years.