The firm, formed in 2020, raised $920 million for its debut fund to make special-situations bets
FitzWalter Capital, started in 2020 by a group that included former executives with Australian investment bank Macquarie Group Ltd., raised almost double the capital it had targeted for its first investment fund in less than nine months. The firm closed the pool, FitzWalter Capital Partners I LP, last year with $920 million, about 84% more than its $500 million target, raising much of it through virtual meetings because of the Covid-19 pandemic, according to Ben Brazil, one of FitzWalter’s co-founders.