Global alternative asset adviser Campbell Lutyens has bolstered its presence in the US by opening offices in Chicago and Los Angeles.

With these new locations, the company has now five offices globally including three in the US.

The step is also expected to support the company’s fund placement and secondaries advisory businesses across North America.

Campbell Lutyens managing partner and CEO Andrew Sealey said: “This expansion is an important milestone as Campbell Lutyens celebrates 30 years as a leading independent adviser.

“Our increased US footprint will allow us to better serve our clients and support our continued growth over the coming years.”

Currently, the Campbell Lutyens’ US-based team has 30 employees and advises on $14.5bn of transactions for US clients.

In the last three years, the company has raised $16bn from North American LPs. It represents more than 40% of the total commitments it has raised across private equity, infrastructure and private debt.

Campbell Lutyens partner Chris Davidsson said: “This is a logical next step for the firm, as we have seen a consistent increase in demand for both our fund placement and secondaries advisory services in North America.

“Having built a strong and deep network of LP relationships across this market over the past 15 years, we understand how a local presence enables us to better serve our clients.

“Our US business has played an important role in the growth of Campbell Lutyens and we expect this to increase going forward.”

Established in 1988, Campbell Lutyens serves as an independent alternative asset advisory firm specialising on fund placement and secondary transactions.