Specialist lenders

Lesley Davison previously spent 14 years as director of banking and treasury at the firm.

The UK property firm aims to provide 12- to 36-month loans of above £10m.

The US firm has written its first loan in the country, in partnership with Swiss manager Patrimonium.

As it deploys its $950m special situations fund, King Street has so far found most opportunity in debt, says co-head of real estate Paul Brennan.

The small- to medium-ticket lending platform was launched this month by the M7 co-founder.

The manager’s seeding of Evermill, a secure income lending platform, signals Delancey is continuing to diversify its strategy.

The specialist lender is backing a London residential scheme being developed by SevenCapital and MARK.

Providers of loan-on-loan finance are pricing in higher interest rates.

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 alternative asset manager said investing in the UK specialist lender will accelerate its growth ambitions.