The funding totals were not disclosed, but Atelier has stated this “significant expansion in lending capacity” will help grow its AUM from the current £300m to the target of £500m by 2027.

Waterfall was one of several interested parties in a competitive fundraising process and was chosen after passing due diligence.

In deploying this capital, Atelier is strengthening its origination team with several strategic hires to be made in the coming weeks.

Atelier appointed SpecFin Capital and Simmons & Simmons as advisors on this transaction.

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"This new funding partnership with Waterfall Asset Management, alongside a substantial increase in commitment from HSBC, represents a significant milestone in our ongoing growth journey,” said Paul Silva, CFO at Atelier (pictured above).

“It strengthens our ability to scale while maintaining a robust and diversified capital mix to meet the evolving needs of our borrowers.”

James Cuby, managing director at Waterfall Asset Management, added: "We are excited to announce our partnership with Atelier to support the growth of their loan book.

“This investment reflects our ongoing interest in enhancing the landscape of development finance in the UK."

Victoria Lindsell, global head of structured finance at HSBC, also added: “HSBC are pleased to continue our partnership with both Atelier and M&G and to support them in the next phase of their ambitious growth plans.”