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Currently, many experiments pursuing comprehensive characterization of the atmosphere include coordinated observations by both lidar and polarimeters in order to obtain important complimentary information about aerosol properties. The most advanced passive observations by space-based multi-angle polarimeters are sensitive to the properties of aerosol in total atmospheric column, but have very limited sensitivity to vertical structure of the atmosphere. Polarimeter observations can be used not only for retrieval of aerosol optical thickness, but also for deriving microphysical information about aerosol particle shape, size distribution, complex refractive index, and the properties of underlying surface (Dubovik et al., 2019). In a contrast, the lidar observations of atmospheric responses from different altitudes to laser pulses are designed to provide vertical profiles of atmospheric characteristics. Here we present the recent advancement in GRASP algorithm (Generalized Aerosol Retrieval of Atmospheric and Surface Properties) (Dubovik et al., 2011, 2014) that allows simultaneous inversion of co-incident lidar and polarimeter spaceborne observations and derives a united set of vertically resolved aerosol and surface parameters. Such synergetic retrieval is an extension to satellite data of the approach for synergetic processing of active and passive measurements developed earlier by (Lopatin et al., 2013) for ground-based observations. Another addition to these developments is the inclusion of Raman-shifted and volume depolarization backscattering observations that improve sensitivity to the vertical properties of aerosol, while polarimetric observations provide sufficient constraints on aerosol type and loading that generally are missing in lidar signals. The potential and limitations of such synergetic processing is illustrated by application to co-incident PARASOL and CALIPSO data.