Lazard Completes Sale of Edgewater Funds Interests

News & Announcements - Corporate

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Today, Lazard announced that it has sold its stake in the Edgewater Funds management vehicles, as part of the firm's ongoing efforts to simplify operations and align activities with its long-term growth strategy, Lazard 2030.

We share our appreciation for Jim Gordon, the founder and managing partner of Edgewater, and our gratitude for the longstanding relationship.

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As of December 31, 2025, Lazard Asset Management's $254 billion of AUM included $1.5 billion related to Edgewater. Further details can be found in Lazard's Form 10-K filed today and available in the Investor Relations section of Lazard.com

About Lazard

Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, 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 Lazard.com and follow Lazard on LinkedIn.