Ex-Macquarie Banker Raises $1.4 Billion for Distressed-Assets Fund
- Ben Brazil’s FitzWalter Capital now has $2.3 billion in AUM
- Fund looking to invest in companies struggling with debt loads
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Former Macquarie Group Ltd. banker Ben Brazil raised $1.4 billion for his firm’s second fund targeting distressed assets globally.
Brazil’s FitzWalter Capital Ltd. beat an initial target of $1.25 billion for the fund, set when it began fundraising in late 2022. The firm now has $2.3 billion under management.