Lazard Inc. is exploring opportunities to acquire a private-credit firm to bolster its $250 billion asset management arm, as part of a broader effort to double revenue by 2030. Chief Executive Officer Peter Orszag, in a Bloomberg Television interview, emphasized a cautious approach to pricing and cultural fit. Lazard aims to expand into private credit, infrastructure, real estate, and other underrepresented areas in its portfolio. The strategy mirrors moves by other Wall Street firms like JPMorgan Chase & Co., which recently considered acquiring Monroe Capital. Lazard’s independence remains crucial, despite preliminary takeover talks with Abu Dhabi’s wealth fund ADQ last year. Orszag anticipates an uptick in M&A activity with the Federal Reserve’s eventual interest rate cuts.

Investment Banking, Private Credit, Asset Management,United States, United Arab Emirates, Global