Lazard Launches Lazard CL After Completing Acquisition of Campbell Lutyens

03:48 AM EST, 11/02/2026 (MT Newswires) -- Lazard (LAZ) said Monday it has completed its acquisition of Campbell Lutyens and launched Lazard CL. The new business has more than 300 professionals across 19 offices worldwide. It will provide fundraising, fund placement, secondary transaction and capital advisory services to institutional investors and financial sponsors. Lazard said it expects Lazard CL to generate about $500 million in revenue and contribute positively to earnings in 2027, excluding potential cost savings and revenue benefits from combining the businesses.