The latest in funds and investment news from across North America.

Aquiline Capital Partners
Aquiline Capital Partners, the New York/London-based private investment firm specializing in financial services and technology, today announced the final close of its fourth private equity fund. The entity is called Aquiline Financial Services Fund IV.

The fund closed with more than $2 billion in total commitments, beating its $1.5 billion target. 

Aquiline has raised the new fund from investors around the world and continues its strategy of investing in businesses in sectors such as financial technology, insurance, investment management, business services, credit and healthcare. 

So far, the fund has made three equity investments, it said in a statement. The companies are CoAdvantage, a professional employer organization; Ontellus, a medical records retrieval and claims evaluation services company for insurance carriers and law firms, and Elm Street Technology, a real estate technology and marketing services provider.

Aquiline Capital Partners, founded in 2005, has $5.3 billion in assets under management as of December 31, 2019.