Carmela Mendoza
The $575m deal will create a specialised private capital advisory platform, Lazard CL, with Holcombe Green and Gordon Bajnai named as co-CEOs.
The firm has not levered its private credit evergreen funds in the same way some of its peers have, according to chief executive David Layton.
The firm hauled in $17bn across secondaries funds, evergreen vehicles and separate accounts in latest fundraising cycle.
As part of the tie-up, Amundi will pick up a 9.9% stake in London-based ICG by June 2027.
ILPA will also update its due diligence questionnaire template and introduce a retail capital section in light of recent developments, Neal Prunier, managing director for industry affairs at ILPA, tells PEI.
Investors believe uncertainty caused by US President Donald Trump's tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.
Investors believe 2025 will have improved deal and exit volumes for private markets in spite of US policy uncertainty and looming tariffs, according to a survey from Adams Street Partners.
Debates on increasing tax on carried interest shouldn’t ignore the wider contribution private equity brings to economies.
The move would bring the Luxembourg-headquartered firm in line with peers Blackstone, KKR, Carlyle and EQT.
The buyout firm is on a path to reach $1trn in total assets in the next five years.