Campbell Lutyens is a leading global and independent private capital advisor founded in 1988 by John Campbell, Richard Lutyens, and Bill Dacombe, focused on fund placement, secondary advisory, and GP capital advisory services across private equity, private credit, and infrastructure. It operates across 15 locations on three continents and has raised over $713 billion of capital across a 35+ year track record. The combined Lazard and Campbell Lutyens business will form a new unit, Lazard CL - Lazard's third global business - representing approximately $500 million in estimated combined 2027 revenue, 280+ advisory professionals across 18 offices, over $190 billion of capital raised for clients over the past two years, and over $100 billion in GP and LP secondary transaction volume over the same period.
- 01 Highly complementary to Lazard's existing private capital advisory (PCA) group - adds scale in primary fundraising and GP-led secondaries
- 02 deep institutional LP relationships
- 03 and a leading European/infrastructure franchise
- 04 accelerating Lazard's shift toward private-markets revenue (targeting ~50% of advisory revenue by 2030)
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.
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.
Peter Orszag, Q1 2026 earnings call (May 1, 2026): "I want to start with our announcement of the acquisition of Campbell Lutyens and the future establishment of Lazard CL... Upon closing the Campbell Lutyens acquisition, we will achieve our 2030 target of approximately 50% [private capital revenue share] even while delivering total revenue growth. We anticipate the transaction closing before the end of the calendar year."