Lazard & Elaia: New Tech Investment Platform
partnership between Lazard & Elaia Partners, combining forces to lead European technology inc investments
Lazard, a really big company that manages money, and Elaia Partners, a well-known company that invests in new businesses, are teaming up to become a major player in European technology investments. They want to help tech companies at every stage, from when they first start to when they become big and go public. They're creating a new company called Lazard Elaia Capital (LEC) in Paris, and Lazard will own 75% while Elaia Partners will own 25%. Xavier Lazarus from Elaia Partners will be in charge of LEC, and they'll focus on giving money to tech companies that are already successful and growing in Europe. Lazard is also buying a small part of Elaia Partners and might even own all of it in the future. They're planning to start a new fund for Europe by 2025, but they need permission from the government first. Both Lazard and Elaia Partners think this partnership will be really good for the European tech industry. But before everything can happen, they have to get approval from the government and register with the AMF. Lazard has been around since 1848 and is a famous company that helps people with their money. They manage about $250 billion for their clients all over the world. Elaia Partners is a top company in Europe that invests in new and exciting technology businesses.
