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Laxman Pai, Opalesque Asia:

Carlyle Group has closed its fifth Europe-focused buyout fund Carlyle Europe Partners V (CEP V) on €6.4bn ($7.1bn), exceeding its initial €5.5bn target.

CEP V brought in commitments from more than 300 investors in 37 countries, the global investment firm said.

The vehicle also surpassed its two predecessors, which pulled in €3.75 billion and €5.35 billion in 2014 and 2007, respectively.

Carlyle Europe Partners V is managed by a team of 40 professionals across 5 European offices and continues its successful strategy of investing in European upper mid-market opportunities across a wide range of sectors and industries where there is significant potential for business transformation.

The fund is the fifth in the Carlyle Europe Partners franchise which over the past twenty-two years has invested €15.2bn in 78 investments across Europe.

Marco De Benedetti and Gregor Boehm, co-Heads of the Carlyle Europe Partners advisory team, said, "We are both humbled and excited by the strong showing of support and continued confidence from our limited partners. This latest successful fundraise reflects the strength of the Carlyle Europe Partners franchise and we are confident in our team's demonstrated ability to work alongside companies in Europe to execute on their strategic goals."

Kewsong Lee, Co-CEO of The Carlyle Group said, "Europe continues to be an important strategic market for Carlyle. In a time of immense complexity and change......................

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