The Carlyle Group, the world's second-largest private-equity firm, raised $1.1 billion for its first fund targeting investments in the financial services industry.

The team, headed by Olivier Sarkozy, the half-brother of French President Nicolas Sarkozy, has already invested in three companies, the Washington, D.C., private-equity firm said Tuesday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.