Herr joins as MD in New York, following the investment bank's recent appointment of Rich Saltzman to lead its GP-led advisory business.
The combined Lazard CL platform is expected to generate roughly $500 million in revenue in 2027, bringing together primary fundraising, secondary advisory, and GP capital advisory capabilities.
BMS Group examines ILPA's new continuation vehicle guidance, focusing on the role of RWI, its benefits for LPs, and key considerations for secondaries practitioners.
The Nordic investment bank added Nick Kavanagh, who brings over 15 years of experience across private equity secondaries, direct investments, and GP-led transactions.
The equity management platform is expanding into private market liquidity, with plans to develop a secondary marketplace for company-approved transactions.
Applicants must have advised on at least $10 billion in committed capital across private equity funds, secondaries, and co-investments.
