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New York-based Lazard Signed a Strategic partnership Agreement with Elaia Partners

Apr 20, 2024 | By Startup Rise EU

Leader in asset management Lazard of New York and Elaia Partners of France, who makes investments in a variety of tech sectors, have formed a strategic partnership.

Leader in asset management Lazard of New York and Elaia Partners of France, who makes investments in a variety of tech sectors, have formed a strategic partnership.

As part of the cooperation, Lazard and Elaia Partners will jointly hold a new asset management firm, Lazard Elaia Capital, to be based in Paris. It will own 75% of the company. Along with a recently formed investment team, Xavier Lazarus, co-founder and managing partner of Elaia Partners, will lead it.

Read also - Poland-based bValue Secures €90Million in Funding

The goal of this investment platform is to provide late-stage and growth equity to future technology and deep-tech leaders. By 2025, a first fund with an emphasis on Europe will be established, pending regulatory clearance.

Evan Russo, Chief Executive Officer, Lazard Asset Management. "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."

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Xavier Lazarus, co-founder and managing partner of Elaia Partners said, “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.”

About Lazard

Established in 1848, Lazard is a leading global financial advice and asset management company, operating across North and South America, Europe, the Middle East, Asia, and Australia.

In addition to asset management and investment solutions, it advises institutions, corporations, governments, partnerships, family offices, and high net worth individuals on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters.

About Elaia

Elaia Partners, an European venture financing firm that specialises on deep tech and digital startups, from their inception to expansion. Tech innovators like Mirakl, Criteo, Ornikar, Shift Technologies, and Aqemia are supported by us.

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