Carlyle Group LP, led by co-founder David Rubenstein, has gathered 3.75 billion euros ($4.1 billion) for its fourth European buyout fund after almost three years of fundraising amid turbulent economic conditions.

The completion “confirms renewed appetite for investing in Europe despite several years of macro-economic uncertainty,” Marco De Benedetti, managing director and co-head of Carlyle Europe Partners, said in a statement Wednesday. “We continue to believe Europe offers significant, compelling investment opportunities.”

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