Keybank parent to acquire Atlantic-Pacific Capital

KeyBanc Capital Markets Inc. has agreed to acquire Atlantic-Pacific Capital Inc., a global private capital advisor for financial sponsors, according to a press release.

Founded in 1995, New York-based Atlantic-Pacific Capital delivers fund placement, direct private placement,and secondary advisory capabilities across private equity, real estate, private credit, and real assets. The deal will bring more than 30 professionals to KeyBanc, expanding its capital raising and advisory services for institutional investors.

KeyBanc Capital Markets is the corporate and investment banking unit of Cleveland-based KeyCorp and Keybank.

"This acquisition marks a significant step forward in our ability to serve financial sponsors with private capital solutions," Randy Paine, head of KeyCorp's Institutional Bank, said in the release.

The transaction is expected to close in early 2027, subject to regulatory approvals and customary closing conditions. Terms were not disclosed. KeyBanc served as exclusive financial advisor to KeyCorp, while Solomon Partners advised Atlantic-Pacific Capital.