Aquiline Capital Partners announced Wednesday the final closing of its $1.1 billion Aquiline Financial Services Fund III.
The closing exceeds the fund’s original $1 billion fundraising target. Aquiline Financial Services Fund III invests in middle-market financial services businesses, including banking, credit, insurance and money management firms.
Fund II closed at $743 million in 2012, said Sourav Bhowmick, spokesman, in an e-mail.
Among the firms in which the fund has invested is defined contribution plan record keeper and college savings plan provider Ascensus.
Investors include the Oregon Investment Council, Tigard, which manages the $68.1 Oregon Public Employees Retirement Fund, Salem.