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Laxman Pai, Opalesque Asia:

US private equity firm Kohlberg Kravis Roberts has raised its biggest-ever European fund - the €5.8bn ($6.5bn) European Fund V.

The US buyout group has already committed 28 percent of the €5.8bn fund to deals, before closing the fundraising process on Tuesday.

KKR will be investing $400m of capital alongside investors through the Firm's balance sheet and employee commitments.

Johannes Huth, Member and Head of KKR EMEA, said "KKR has been investing in Europe for over twenty years and our position has never been stronger. We will invest our fifth European fund by maintaining the differentiated approach that has served us so well to date, combining our local country knowledge with the skill and insights of our sector teams to source and execute investments."

Huth added: "Europe's complex dynamics create significant opportunities to deploy capital and continue delivering value and outperformance for our investors."

KKR completed its first European investment in 1996 and raised its first dedicated European fund in 1999. In Private Equity, the Firm has 46 investment professionals and 18 operating and capital markets professionals working across six European offices in London, Paris, Madrid, Frankfurt, Dublin, and Luxembourg.

The KKR team operates in a matrix structure, combining deep local market knowledge and relationships with sector expertise across the five priority sectors of TMT, Consumer & Retail, Business & Financial Servic......................

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