Wealth management

Private Equity

Our approach

Lazard Frères Gestion offers its clients several complementary strategies for investing in the private equity segment.
Our in-house expertise lies in selecting private equity funds by identifying the best managers in the unlisted sector, both in Europe and the United States. We focus on the LBO and secondary segments. Our private clients thus have access to funds that are usually reserved for institutional clients, while benefiting from our active ESG policy.
At the same time, since 2024 we have developed a strategic partnership with Elaia, a company that has specialized in private equity investment for nearly 25 years. This partnership has led to the launch of a joint venture, Lazard Elaia Capital, dedicated to investing in unlisted deep tech companies.

Invest in non-listed

Private equity is the strategy of investing in unlisted companies.
The main objective is to create value by promoting the growth and development of these companies.
Discover the main approaches and investment strategies of private equity in our video.

The selection of private equity funds aims to achieve two main objectives: performance and risk management.
Private equity markets offer a very wide range of strategies. Our video shows you which ones we think are the most relevant.

There are two main phases in the life of a private equity fund: investment, followed by divestment.

To assess the performance of a private equity fund, two key indicators are traditionally used:

Internal rate of return (IRR);
Multiple

Lazard Private Equity Selection gives you access to funds historically reserved for institutional investors.”

Jérôme Sibony

Head of Private Equity Division

Lazard Private Equity Selection I presents risks detailed in the prospectus, the 3 main ones being: 

Liquidity risk  
A fund with a long-term horizon is a “closed” fund, i.e. no liquidity is guaranteed until the fund is liquidated. 

Equity investment risk
The valuation of companies held by the fund may rise or fall significantly, with a negative impact on the fund's value.  

Risk of capital loss
The investor's capital is not guaranteed, and is therefore subject to the risk of total or partial loss.

For further information on product details, the prospectus and PRIIPS DIC are available on request from our teams..

Elaia Partners

In 2024, Lazard Frères Gestion formed a partnership with Elaia Partners by acquiring a stake in the company. Elaia specializes in private equity investments with a strong technological focus. The company invests in companies that share the common trait of being high-potential “disruptors” with an innovative approach in their respective fields: digital/software, healthcare, or industry. Founded 25 years ago, Elaia has launched several private equity funds over the years, investing directly in the capital of selected companies.

Discover Elaia

Lazard Elaia Capital

To complement our Lazard Private Equity Sélection offering, in 2024 we created a joint venture, Lazard Elaia Capital, specializing in investments in unlisted European B2B tech companies.