Through the new partnership, the organisations have already closed two deals, including the £251m financing of a residential development in London’s Nine Elms.
The London-based alternative lender has closed its largest commercial real estate debt fund yet and will target £1bn of lending in the next three years.
The specialist lender, which has focused to date on residential development financing, says the pension fund’s investment will support its lending market growth.
Following its financing of a regional UK office-to-residential conversion, the lender’s chief executive says repurposing projects are creating opportunities for debt providers.