FTVentures, whose capital backs financial services startups, has closed a $512 million fund, the company said Tuesday.

Some of the biggest names in finance are limited partners, including Goldman Sachs Asset Management, AIG, GE Capital, ING, JPMorgan Chase, Visa and Wells Fargo. Many of those companies, such as Fannie Mae and Lehman Brothers, however, have been dinged by the subprime mortgage crisis.

FTVentures typically invests $10 million to $60 million to fund software and services companies.

FTVentures' exits include the $60 million acquisition of PowerShares Capital Management, a creator of exchange-traded funds, by Amescap and the initial public offering and later $245 million acquisition of Corillian by Checkfree.

Recent investments include the December 2006 funding of GigaSpaces, a maker of distributed application software, and the January 2008 funding of Aveska, a risk-management software company.