Pivot said the combined MBO and capital package will allow the lender to increase maximum loan sizes to £15m, supporting larger or more complex short-term finance and development schemes.

The development lender will also be able to expand its development offering across a range of property types including residential, PRS, commercial, care, PBSA and hospitality.

These latest developments will allow Pivot to support more SME developers through improved flexibility and capital availability, as well as strengthening operating systems, risk frameworks and data-driven analytics to enhance speed of decision-making.

The management buyout and capital raise were led by Pivot CEO Shahil Kotecha (pictured above, centre) and capital director PakSan Wu (right).

As part of the transaction, Graham Emmett (pictured above, left) has transitioned to non-executive chair.

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Shahil said: “Foresight has been a trusted senior lender to the business for the past two years, and this deepened partnership reflects its confidence in our platform, our governance and our long-term vision.

“This new capital base enables us to accelerate organic growth — through scaling our loan book, expanding our product suite and enhancing our technology.”

Oliver Bates, director at Foresight Group, commented: “The transaction is an important strategic investment for Foresight’s private credit offering, highlighting our ability to invest at scale and across the capital structure into high-quality specialist lenders.

“Pivot has built an impressive presence in the development finance market, and we are delighted to back a team with strong sector capability and a clear vision for market leadership.

“We look forward to supporting Shahil, Graham, PakSan and the wider team as they accelerate growth and broaden their offering to developers across the UK.”