Lazard And Elaia Partners Form Strategic Partnership

News & Announcements — Lazard Asset Management

April 18, 2024

PARIS, 18 APRIL 2024 – 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 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

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