Private Markets 360° Lazard's Global Outlook (With Adam Cady and Klaus H. Hessberger, Global Co-Heads of Financial Sponsors at Lazard)
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Feb 12, 2026 
Klaus H. Hessberger, a veteran banker leading Lazard’s European sponsor coverage, and Adam Cady, an experienced investment banker focused on M&A and secondaries, discuss global financial sponsor strategy. They cover Lazard’s 2030 growth vision, cross‑Atlantic sponsor connectivity, the rise of private credit and direct lending partnerships, geopolitical epicenters shaping risk, and the recent M&A rebound with evolving deal structures.
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Global Unified Financial Sponsors Platform
- Lazard built a global, unified financial sponsors team to deliver coordinated, cross-border advisory and product capabilities.
- This alignment leverages Lazard's corporate relationships to place the firm at the nexus of sponsor-corporate dealmaking.
Organize Pan-Regional Coverage With Country Leads
- Build pan-regional coverage combining a regional lead with country captains and integrated product partners to give sponsors senior, tailored access.
- Pair sector bankers with product teams to cover portfolio companies for both buy-side and exit strategies.
Private Credit Is Becoming A One-Stop Toolkit
- Private credit has broadened beyond term loans into deeper, hybrid capital tranches that combine debt and equity-like features.
- This creates flexible one-stop financing packages for acquisitions, refinancings, dividends, and minority stake sales.