HomeFranceLazard and Elaia Partners Launch Lazard Elaia Capital

Lazard and Elaia Partners Launch Lazard Elaia Capital

Elaia Partners

Lazard, a global leader in active asset management, and Elaia Partners, a Paris, France-based venture capital firm, signed a partnership agreement.

The aim of the deal is to create a European player focused on investment in technology companies, supporting them at all stages of their development, from seed to their listing on public markets.

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 partnership remains subject to regulatory approval and AMF registration.

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. 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. Lazard Frères Gestion is the asset management company of Lazard in France, specializing in investments in listed securities.

Elaia Partners is an active vc firm which has invested in over 100 startups including 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.

VCWire

19/04/2024