Robertson Stephens, the investment banking arm of Fleet Boston Corp., said Monday that it has formed a strategic alliance with OffRoad Capital to distribute private equity offerings over the Internet.

Under the agreement, Robertson Stephens will allow high-net-worth clients of OffRoad Capital, a private investment firm, to invest in some of its large private equity raisings. Robertson Stephens may also lead offerings of $3 million to $15 million in which OffRoad will be a co-manager or co-agent.

The firm has also agreed to take a stake of under 5% of OffRoad's equity. It did not disclose the price of the deal. Robertson Stephens and OffRoad are both based in San Francisco. -- Laura Mandaro

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