NEW YORK (AP) — Aquiline Capital Partners LLC, a private equity firm headed by the former head of Marsh & McClennan Companies Inc., announced on Monday that it had raised $1.1 billion in capital for its first fund, the Aquiline Financial Services Fund LP, and was closing it to new investors.The Aquiline Financial Services Fund LP is investing in companies in the financial services sector around the world, including Bermuda-based Validus Holdings, a reinsurance company, and Structured Credit Holdings, which is headquartered in Dublin, Ireland, the company said.

Jeffrey Greenberg, managing principal of Aquiline, said in a statement that the partnership was pleased to close their initial fund.

“The reception by leading investors is gratifying recognition for Aquiline’s senior investment professionals and is an endorsement of our approach to investing in the financial services sector,” he said in a statement.

Greenberg had been chairman and chief executive of Marsh & McLennan until October 2004, when he was forced out amid a scandal over bid rigging and hidden fees in the New York brokerage’s property and casualty business. Marsh & McLennan agreed to pay some $850 million in January, 2005 to resolve federal and state probes.

Aquiline plans to invest in risk-bearing and services enterprises in industries such as property and casualty insurance, specialty finance, securities, asset management, life insurance and transaction processing.