Atelier secures major funding partnership with Waterfall Asset Management and HSBC

By Bridging Loan Directory 28th February 2025

Atelier, leading development finance lender, is pleased to announce a strategic funding partnership with Waterfall Asset Management, via certain of its managed client accounts.

This new partnership, alongside Atelier’s longstanding collaboration with HSBC and the continued backing of its majority shareholder, M&G Investments, marks a pivotal milestone in Atelier’s ambitious growth trajectory.

Following an intensely competitive fundraising process, Atelier attracted significant interest from multiple high-calibre institutional investors.

After strong bidding rounds and due diligence, Waterfall Asset Management was chosen as the ideal partner to support Atelier’s next phase of expansion.

Since its inception in 2019, Atelier has consistently demonstrated strong growth, managing a diversified portfolio of real estate development and bridging loans.

Currently overseeing £300 million in Assets Under Management (AUM), Atelier is targeting AUM growth beyond £500 million by 2027, driven by the enhanced support of Waterfall Asset Management and an increased funding commitment from HSBC.

This expanded capital capacity underscores Atelier’s commitment to supporting SME property developers and further solidifies its position as a market leader in development finance.

This significant expansion in lending capacity and diversified capital mix reflects the ongoing efforts to optimise capital efficiency while expanding support for SME developers.

The company remains dedicated to delivering innovative funding solutions for residential, care, and student accommodation projects.

To strategically deploy this additional capital, Atelier has strengthened its Originations team with several key strategic hires.

Further leadership appointments will be announced in the coming weeks.

Paul Silva, CFO at Atelier, commented:

“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.

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

Throughout the fundraising process, we received strong interest from multiple sophisticated investors.

The detailed due diligence into our asset management capability and loan portfolio resulted in a number of competitive bids.

It is clear that potential partners recognised the strength of the business and brand we have built over the past six years.

With the continued support of M&G, HSBC, and now Waterfall, we are well-positioned to execute our ambitious growth plans.

We look forward to deepening relationships with existing borrowers while forging new relationships with borrowers and brokers to deploy this capital effectively.”

James Cuby, Managing Director from Waterfall Asset Management commented:

“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 HSBC commented:

“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.“

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