SJ Berwin has been making a foray into the Australian finance market. The firm advised Australian buyout specialist fund Ironbridge Capital, leading on the closing of the Ironbridge Fund II, which raised more than $1bn (£527,200). The fund was oversubscribed and looks set to invest in mid to large buyouts in Australia and New Zealand, with a value between A$100m (£40.58m) and A$500m (£202.92m). Corporate and finance activity in Australia and New Zealand is picking up. UK firms are increasingly looking to the region as a source of international work. The SJ Berwin team was led by corporate partner Justin Dolling. Clayton Utz advised Ironbridge on Australian law matters.