KeyCorp to Acquire Atlantic-Pacific Capital to Expand Private Capital Advisory
KeyBanc Capital Markets, the investment banking arm of KeyCorp (NYSE: KEY), has entered into a definitive agreement to acquire Atlantic-Pacific Capital, Inc. The acquisition aims to bolster KeyCorp's capabilities in fund placement, direct private placement, and secondary advisory services, specifically targeting financial sponsors across private equity, real estate, and private credit sectors. Atlantic-Pacific Capital brings over 30 professionals and a track record of executing more than 180 capital raising assignments totaling over $123 billion. The integration is expected to enhance KeyCorp's ability to serve the growing market for continuation vehicles and provide expanded distribution reach to global limited partners. The transaction is slated to close in early 2027, pending regulatory approvals.