Chris Witkowsky
The three are part of an exodus of talent that has moved on from the bank since the Swiss government forced UBS to buy Credit Suisse in March.
The firm has been running a process this year on its seventh and eighth funds at a time when many LPs are reluctant to sell amid lower pricing.
Recent weeks have seen a surge of LP portfolio sales that some believe will swell into a wave of transactions.
The deal, which has been in market since at least earlier this year, is separate from the widely reported 'strip sale' Tiger has been running to sell stakes in direct assets.
The deal would be highly customised, targeting specific assets rather than a broad-based tender of LP interests across older funds.
The process is understood to be running without an intermediary.
The firm is understood to be pushing ahead with fundraising even amid the tougher environment.
If bids come in at a steep discount, some LPs are ready to use that data point to question other VCs invested in the same assets about their valuations and why they are not writing them down.
Several deals across the mid-market have closed recently and market professionals see continued vibrancy at this smaller level of secondaries.
The promotions come as Lazard’s capital advisory group continues to expand – it has about 100 professionals in eight offices around the world with an expectation of continued growth.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: