Private equity house The Carlyle Group is seeking to raise as much as $15bn (€11.9bn) to target buyout opportunities in the US while simultaneously putting together regional funds for investments into Europe and Asia.

Carlyle is set to raise $15bn in its newest fund, which is nearly double the size of its current fund, according to Bloomberg. If successful, the firm will join Blackstone, Texas Pacific Group and Kohlberg Kravis Roberts, all of which raised over $15bn for buyout funds this summer.