The venture may reflect a recent shift in deal making: Venture-capital investors lately have been backing off of funding finance and banking startups, some of which Mr. Pandit has invested in recently. Meanwhile, deals for older companies that serve banks and other financial-services firms more broadly have been rising in value, with intense bidding driving up price tags of firms such as Interactive Data Holdings Corp. and SNL Financial. In a new company jointly backed by the Comcast-backed investment firm, Atairos Group, Mr. Pandit will seek to take long-term controlling or significant stakes in established financial-services companies, the people said.

http://www.wsj.com/articles/ex-citigroup-head-vikram-pandit-gets-back-to-his-finance-roots-1463526230