Lazard Takes a Stab on Creative Capital Raising
Posted on 07/25/2023
Lazard Ltd. officially revealed its Lazard Capital Solutions group. It is a global team focused on advising, coordinating, and executing the firm’s capital-raising and debt advisory solutions for their corporate, sponsor-owned, and alternative asset manager clients. Tim Donahue will serve as the global head of the team.
The new group will create solutions and address challenges around raising capital for Lazard’s clients across the globe on meeting their financing needs, from debt to structured equity.
“Establishing Lazard Capital Solutions underscores our commitment to capital raising – a strategic priority as we strengthen and expand coverage of our corporate, sponsor-owned and alternative asset manager clients,” said Peter Orszag, CEO-Elect, Lazard in a press release.
He adds, “This approach will bolster our comprehensive range of capital-raising solutions, establish better communication between Lazard and our largest buyside clients and ensure market intelligence is collected and distributed expeditiously internally, where appropriate.”
Orzag recently took the helms at Lazard, replacing long-time CEO Kenneth (Ken) Jacobs. Lazard Asset Management has struggled in recent times, as its AUM has moved down.
