# Lazard has reached an agreement to buy private capital advisory group Campbell Lutyens in a $575m (£426.3m) deal.

*business · news · 2026-04-30 · City A.M.*

## Key points

- Lazard will acquire Campbell Lutyens for $575m to form a new Lazard CL division.
- The combined unit expects to generate $500m in revenue by 2027 with 280 advisers worldwide.
- Lazard CL has handled over $100bn in secondary transaction volume and raised $190bn in two years.
- The acquisition includes a potential $85m performance-based payment to Campbell Lutyens.
- Private capital industry assets grew from $14 trillion in 2020 to $24 trillion in 2023.

**Companies:** Lazard, Campbell Lutyens
**Countries:** United Kingdom, United States

[Read the full story on City A.M.](https://www.cityam.com/lazard-to-purchase-campbell-lutyens-in-bumper-575m-deal/)

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