Texas Pacific Group is set to become the latest US buy-out group to raise capital by listing a $5bn (€3.9bn) fund on Euronext Amsterdam, the Dutch stock exchange.

The move follows that of Kohlberg Kravis Roberts, a US rival, which raised $5bn through listing a fund on the Dutch exchange last month. Its move was in response to demand from investors keen to buy in to the boom in private equity with a smaller investment and commitment than they would need for a traditional private equity fund. KKR originally aimed to raise only $1.5bn.