Lazard and Elaia Partners Form Strategic Partnership, Including the Launch of Lazard Elaia Capital, a Technology Focused Private Equity Investment Platform
17 Abril 2024 - 11:00PM
Business Wire
Lazard, a global leader in active asset management, and Elaia
Partners, an established European venture capital firm, signed a
strategic partnership agreement to create a leading European player
focused on investment in technology companies, supporting them at
all stages of their development, from seed to their listing on
public markets. This follows the announcement on December 2023 of
exclusive negotiations between Lazard and Elaia Partners.
The partnership involves the creation of a new Paris-based asset
management company, Lazard Elaia Capital (LEC), which will be
75%-owned by Lazard and 25%-owned by Elaia Partners. It will be led
by Xavier Lazarus, co-founder and Managing Partner of Elaia
Partners, alongside a newly hired investment team.
This investment platform aims to meet the capital needs of
future technology and deep tech leaders in late stage and growth
equity. An initial fund focusing on Europe is currently planned to
be launched by 2025, subject to regulatory approval.
As part of this strategic partnership, Lazard has acquired a
minority stake in Elaia Partners. The agreement provides the option
for Lazard to purchase up to 100% ownership over time.
"The creation of this partnership between Lazard and Elaia
Partners will enable us to offer our clients innovative, private
market solutions focusing on the growing technology industry in
Europe," said Evan Russo, Chief Executive Officer, Lazard Asset
Management.
“We are excited about this partnership with Lazard, as it will
create new opportunities to expand our impact on this growing
ecosystem, while providing additional growth leverage for Elaia,”
said Xavier Lazarus, co-founder and managing partner of Elaia
Partners.
The partnership remains subject to regulatory approval and AMF
registration.
About the Lazard Group:
Lazard, Founded in 1848, Lazard is one of the world's
preeminent financial advisory and asset management firms, with
operations in North and South America, Europe, the Middle East,
Asia, and Australia. Lazard provides advice on mergers and
acquisitions, capital markets and capital solutions, restructuring
and liability management, geopolitics, and other strategic matters,
as well as asset management and investment solutions to
institutions, corporations, governments, partnerships, family
offices, and high net worth individuals. For more information,
please visit www.lazard.com.
Lazard Asset Management, a subsidiary of Lazard, Inc.
(NYSE: LAZ), offers a range of equity, fixed income, and
alternative investment products worldwide. As of March 31, 2024,
Lazard’s asset management businesses managed approximately $250
billion of client assets. For more information about LAM, please
visit www.LazardAssetManagement.com. Follow LAM at @LazardAsset
Lazard Frères Gestion is the asset management company of
Lazard in France, specializing in investments in listed securities.
To assist its clients, it benefits from all the know-how of a major
asset management company backed by a powerful international group:
presence in all major asset classes, presence in all major
geographical areas, as well as a global research team of more than
100 analysts dedicated to asset management. For more information
about Lazard Frères Gestion, please visit
www.lazardfreresgestion.fr. Follow LFG on @LazardGestion.
About Elaia Partners:
Elaia Partners is a European top-tier Venture Capital firm with
a strong technology DNA, investing in technology disruptors with
global ambition from early stage to growth development. For the
past 20 years, our commitment has been to deliver high performance
with values.
We are proud to have been an active partner in over 100 startups
including success stories such as Criteo (Nasdaq), Orchestra
Networks (acquired by Tibco), Volterra (acquired by F5), Mirakl
(valued $3.5B in Series E), Shift Technology (valued $1B+ in Series
D), Mablink Bioscience (acquired by Eli Lilly), Aqemia and
Alice&Bob.
Learn more www.Elaia.com • @Elaia_Partners
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version on businesswire.com: https://www.businesswire.com/news/home/20240417296093/en/
Media Contacts: Valérie Sicard, 06 72 71 06 70
valerie.voconseil@gmail.com
Paul Caillaud, 06 46 40 36 85 paul.voconseil@gmail.com
Aziz Nayani, +1 212 632 6042 aziz.nayani@lazard.com
Zoe Butt, +44 7586 712 663 zoe.butt@lazard.com
Louisa Mesnard, + 33 6 50 88 13 04 lmesnard@Elaia.com
Lazard (NYSE:LAZ)
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