Debevoise & Plimpton LLP has advised FitzWalter Capital (“FitzWalter”) in the final close of its second fund, FitzWalter Capital Partners II (the “Fund” or “FWCP II”) at c.$1.4bn, exceeding the target of $1.25bn.

Fund II is over 50% larger than its predecessor, which closed on $920m in 2021 after an eight months fundraise. FitzWalter has now raised $2.4bn of capital since inception across funds and co-investment vehicles.

FitzWalter provides capital and capability, supporting management teams in unlocking the full potential of a business or asset, particularly in contexts of complexity, transition and other special situations. The Firm’s investments to date have encompassed a broad range of businesses and assets, diverse as to geography, sector and transaction structure.

For full details, see the official release here.

Debevoise previously advised Fitzwalter in its debut fund. See detail here.

The Debevoise team advising Fitzwalter was led by partner Geoffrey Kittredge and international counsel Tom Berry, and included associates Yannis Paradeisiadis and Roshni Atwal. Regulatory advice was provided by partner Marc Ponchione, international counsel Jin-Hyuk Jang and John Young, and associate Eric Olmesdahl. Tax advice was provided by partners Matthew Saronson and Richard Ward, counsel Ben Lee Friedman, and associates Charles Cartiglia, Weichi Liu, and Veronika Polakova. Finance advice was provided by associate Anna Moore. ERISA advice was provided by counsel Douglas Hirn.