KeyBanc to Acquire Private Capital Advisor Atlantic-Pacific

KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp., has agreed to acquire Atlantic-Pacific Capital, Inc., a private capital advisor for financial sponsors.

Founded in 1995 by Chairman James Manley, Atlantic-Pacific Capital offers fund placement, direct private placement, and secondary advisory capabilities across private equity, real estate, private credit, and real assets.

“This acquisition marks a significant step forward in our ability to serve financial sponsors with private capital solutions at the fund and individual asset level, while positioning Key to participate in the expanding market for the creation of continuation vehicles,” said Randy Paine, Head of KeyCorp’s Institutional Bank.

The transaction is expected to close early 2027. KeyBanc Capital Markets is serving as exclusive financial advisor to KeyCorp and Jones Day is acting as transaction counsel. Solomon Partners is serving as exclusive financial advisor to Atlantic-Pacific Capital and Blank Rome LLP is acting as transaction counsel.