The chief executive of Allianz Capital Partners, Germany’s largest buyout fund, has revealed plans to invest as much as €2bn ($2.9bn) in the country this year as it seeks to partner with international private equity groups in order to make larger acquisitions.

Thomas Pütter told Bloomberg that Allianz Capital Partners, which has invested more than €2bn in Germany since its inception in 1998, could invest a similar amount this year alone despite fears the credit crunch will depress dealmaking.