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