Olivier Sarkozy, half-brother to the former French president, has pulled off his first asset management deal at private equity firm Carlyle Group by negotiating the purchase of US asset manager TCW.

Sarkozy is head of the team, which runs a $1.1bn financial services fund. It has nvested in TCW alongside Carlyle's larger buyout fund. TCW has been sold by French banking group Societe Generale, as part of a degearing exercise. A Carlyle spokeswoman confirmed TCW was Sarkozy's first asset management deal.