Investment banker John Wylie is teaming up with Transurban chairman Lindsay Maxsted and insolvency expert Ian Carson to launch a new $300 million fund to restructure local companies hit by the global pandemic.

Mr Wylie said they would examine Australian and New Zealand businesses hit by the pandemic across sectors, such as education and tourism, that had been hit by trade restrictions from China or simply over-leveraged, as JobKeeper and other government supports drop away.