Lazard yesterday announced a strategic partnership with Elaia Partners, a European venture capital firm, supporting them in all stages of their development, from seed to their listing of public markets.

This 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.

Xavier Lazarus, co-founder and Managing Partner of Elaia Partners, will lead the effort with a newly hired investment team.

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