KeyBanc Capital Markets to acquire private capital advisor Atlantic-Pacific Capital

KeyBanc Capital Markets, the corporate and investment banking unit of KeyCorp (NYSE: KEY), has signed a definitive agreement to acquire Atlantic-Pacific Capital, Inc., a private capital advisor serving financial sponsors. The deal is subject to regulatory approvals and customary closing conditions and is expected to close in early 2027.

Atlantic-Pacific Capital, headquartered in New York, was founded in 1995 by Chairman James Manley and offers fund placement, direct private placement and secondary advisory work across private equity, real estate, private credit and real assets. The firm will bring more than 30 professionals to Key and has offices in several US cities as well as London, Barcelona, Dubai and Hong Kong.

KeyCorp said the acquisition will allow it to offer continuation vehicle work to financial sponsors. KeyBanc Capital Markets is serving as exclusive financial advisor to KeyCorp, with Jones Day as transaction counsel. Solomon Partners is exclusive financial adviser to Atlantic-Pacific Capital, with Blank Rome LLP as transaction counsel.